China's So-Young Q2 revenue rises, net loss narrows

So-Young International

31/08/2026 11:11

Overview
China aesthetic treatment platform's Q2 revenue rose 33% yr/yr, driven by branded center expansion
Net loss for Q2 narrowed yr/yr, reflecting improved operational efficiency
Company expects Q3 aesthetic treatment services revenue to nearly double yr/yr

Outlook
So-Young expects Q3 2026 aesthetic treatment services revenue of RMB352 mln to RMB362 mln
Company plans to accelerate AI-powered transformation and strengthen supply chain
Company sees a clear path toward profitability as economies of scale continue to unfold

Result Drivers
BRANDED CENTER EXPANSION - Co attributed revenue and treatment volume growth to expansion of branded aesthetic centers
USER GROWTH - Verified treatment visits and active users rose sharply, indicating strong demand and effective user acquisition
AI AND DELIVERY SYSTEMS - Management cited enhanced medical capabilities, standardized delivery system, and deeper AI integration as supporting efficient scaling

Company press release: ID:nPn3zPrPQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
RMB 505.23 mln
 
Q2 Net Loss
 
RMB 22.70 mln
 
Q2 Gross Profit
 
RMB 222.85 mln
 
Q2 Income from Operations
 
-RMB 43.63 mln
 
Q2 Operating Expenses
 
RMB 266.48 mln
 
Q2 Pretax Loss
 
RMB 27.15 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 $7.30, about 204.2% above its August 28 closing price of $2.40

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(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.)