China's So-Young International Q1 revenue rises on branded center expansion

So-Young International

22/05/2026 10:13

Overview

China aesthetic treatment platform's Q1 revenue rose yr/yr, driven by branded center expansion

Company's net loss widened from a year ago as operating expenses increased

Aesthetic treatment services revenue more than doubled, offsetting declines in other segments

Outlook

So-Young expects Q2 2026 aesthetic treatment services revenue of RMB307 mln to RMB317 mln

Result Drivers

CENTER EXPANSION - Co said revenue growth was mainly due to business expansion of branded aesthetic centers

CORE MEMBER CONTRIBUTION - Core members accounted for over 80% of aesthetic treatment services revenue with a quarterly repurchase rate nearly 80%

DECLINE IN PLATFORM SERVICES - Information and reservation services revenue fell due to fewer medical service providers subscribing to platform

Company press release: ID:nPn9p7ddna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
RMB 432.78 mln
Q1 Net Income
-RMB 49.2 mln
Q1 Gross Profit
RMB 181.78 mln
Q1 Income from Operations
-RMB 57.89 mln
Q1 Operating Expenses
RMB 239.67 mln
Q1 Pretax Profit
-RMB 50.96 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."

Wall Street's median 12-month price target for So-Young International Inc is $7.50, about 180.9% above its May 21 closing price of $2.67

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)