China's Yatsen Q4 revenue rises 20.1% on strength in skincare Brands

Yatsen Holding

02/03/2026 10:12

Overview

China-based beauty group's Q4 revenue rose 20.1% yr/yr

Net income for Q4 reached RMB3 mln, compared to a loss last year

Operating expenses for Q4 decreased by 15.6% yr/yr

Outlook

Yatsen expects Q1 2026 revenue between RMB958.6 mln and RMB1.08 bln

Company anticipates 15% to 30% revenue growth in Q1 2026

Yatsen aims for sustainable growth through R&D and brand equity in 2026

Result Drivers

SKINCARE REVENUE GROWTH - Skincare brands' revenue increased by 51.9% yr/yr, driving overall revenue growth

NET INCOME TURNAROUND - Co achieved net income in Q4, reversing a loss from the prior year

REDUCED OPERATING EXPENSES - Operating expenses decreased by 15.6% yr/yr, contributing to profitability

Company press release: ID:nPn5sht9Ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
RMB 1.38 bln
Q4 Adjusted Net Income
RMB 41.2 mln
Q4 Net Income
RMB 3 mln
Q4 Gross Margin
77.70%
Q4 Gross Profit
RMB 1.07 bln


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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.)