FX.co ★ Yatsen Posts Loss In Q1

Yatsen Holding (YSG) reported a first-quarter net loss of RMB 124.9 million, contrasting with a net income of RMB 50.7 million from the previous year. This translates to a net loss per ADS of RMB 1.16, compared to a net income per ADS of RMB 0.42. On a non-GAAP basis, the net loss amounted to RMB 83.8 million, compared to a loss of RMB 25.8 million in the same period last year. Non-GAAP net loss per ADS was RMB 0.78, versus a loss of RMB 0.24 in the prior year.

Total net revenues saw a modest increase of 1.0%, rising to RMB 773.4 million from RMB 765.4 million in the corresponding period the previous year. The company attributed this growth primarily to a 3.2% year-over-year increase in net revenues from Color Cosmetics Brands, along with a slight 0.1% year-over-year increase in net revenues from Skincare Brands.

Looking ahead, for the second quarter, Yatsen Holding anticipates total net revenues to be in the range of RMB 858.6 million to RMB 901.5 million, representing a year-over-year increase of approximately 0% to 5%.