Chinese cosmetics maker Yatsen's Q3 net loss narrows

Yatsen Holding

17/11/2025 10:11

Overview

Yatsen Q3 2025 revenue rose 47.5% yr/yr to RMB998.4 mln

Net loss for Q3 2025 narrowed by 41.9% to RMB70.4 mln

Gross margin improved to 78.2% from 75.9% yr/yr

Outlook

Yatsen expects Q4 2025 revenue between RMB1.32 bln and RMB1.49 bln

Company focuses on brand and product innovation for sustainable growth

Yatsen plans to refine cost structure to support future growth

Result Drivers

SKINCARE REVENUE - Skincare brands revenue increased 83.2% yr/yr, contributing significantly to overall revenue growth

HIGHER MARGIN PRODUCTS - Gross margin improved due to increased sales of higher-margin products

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 998.40 mln
Q3 Adjusted Net Income
-RMB 51.50 mln
Q3 Net Income
-RMB 70.40 mln
Q3 Gross Margin
78.2%
Q3 Gross Profit
RMB 780.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the personal products peer group is "buy"

Wall Street's median 12-month price target for Yatsen Holding Ltd is $11.00, about 37.8% above its November 14 closing price of $6.84

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPn4vdGwba

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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.)