So-Young International soars on Q4 profit vs yr-ago loss

So-Young International

21/03/2023 17:29

** Shares of So-Young International Inc  SY.O  rise 32.1% to
$2.18
    ** Q4 net income attributable to co 31.3 mln yuan ($4.5 mln)
vs net loss attributable to co of 27.7 mln yuan in Q4 2021
    ** Q4 total rev decreased 27.7% to 325.1 mln yuan due to
surge of COVID-19 cases in China and pressure on overall Chinese
consumer market
    ** Expects total rev to be between 290 mln yuan and 310 mln
yuan in Q1 2023
    ** "With the re-open of business activities in China, we
expect to see a gradual recovery of consumer spending and the
return of our business growth," says CEO Xing Jin
    ** Shares fell ~60% in 2022

 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com))