So-Young Q2 revenue falls 7%, swings to net loss

So-Young International

15/08/2025 10:44

Overview

So-Young Q2 2025 rev falls 7% yr/yr to RMB378.7 mln

Aesthetic treatment services rev rises 426.1% due to center expansion

Company reports Q2 net loss of RMB34.8 mln, compared to net income last year

Outlook

Company expects Q3 aesthetic treatment revenue between RMB150 mln and RMB170 mln

So-Young projects 230.5% to 274.6% revenue growth in Q3 aesthetic services

Company aims to operate 50 aesthetic centers by year-end

So-Young focuses on expanding aesthetic center network for long-term growth

Result Drivers

CENTER EXPANSION - Revenue from aesthetic treatment services rose 426.1% due to expansion of branded aesthetic centers

DECLINE IN SUBSCRIPTIONS - Total revenue fell 7% as fewer medical service providers subscribed to information services

COST INCREASE - Costs rose due to business expansion of branded aesthetic centers, impacting net loss

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
RMB 378.75 mln
Q2 Net Income
-RMB 34.80 mln
Q2 Gross Profit
RMB 194.19 mln
Q2 Operating Expenses
-RMB 241.30 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 online services peer group is "buy."

Wall Street's median 12-month price target for So-Young International Inc is $7.80, about 37.9% above its August 14 closing price of $4.84

Press Release: ID:nPnbVZmwka

(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.)