Yatsen Holding Limited (NYSE:YSG) Q2 2024 Results Conference Call August 20, 2024 7:30 AM ET Company Participants Irene Lyu - Head, Strategic Investments & Capital Markets Jinfeng Huang - Founder, Chairman & Chief Executive Officer Donghao Yang - Chief Financial Officer & Director Conference Call Participants Maggie Huang - CICC Operator Ladies and gentlemen, good day, and welcome to the Yatsen Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to ...

Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on August 20, 2024GUANGZHOU, China, Aug. 20, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 HighlightsTotal net revenues for the second quarter of 2024 decreased by 7.5% to RMB794.5 million (US$109.3 million) from RMB858.6 million for the prior year period.Total net re ...

GUANGZHOU, China, Aug. 13, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that it will release its unaudited financial results for the second quarter of 2024, on Tuesday, August 20, 2024, before the open of the U.S. markets.The Company's management will hold a conference call on Tuesday, August 20, 2024 at 7:30 A.M. U.S. Eastern Time (7:30 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may acc ...

GUANGZHOU, China, July 10, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today provided an updated revenue outlook for the second quarter of 2024.The Company currently expects its revenue for the second quarter of 2024 to be in the range of RMB772.7 million to RMB815.6 million, representing a year-over-year decrease of approximately 5% to 10%, compared to the previously stated range of RMB858.6 million to RMB901.5 million, representi ...

Yatsen Holding Limited (NYSE:YSG) Q1 2024 Earnings Conference Call May 22, 2024 7:30 AM ET Company Participants Irene Lyu - Head, Strategic Investments & Capital Markets Jinfeng Huang - Founder, Chairman & Chief Executive Officer Donghao Yang - Chief Financial Officer & Director Conference Call Participants Maggie Huang - CICC Operator Ladies and gentlemen, good day, and welcome to the Yatsen First Quarter 2024 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to tur ...

Exhibit 99.1 Yatsen Announces First Quarter 2024 Financial Results Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on May 22, 2024 GUANGZHOU, China, May 22, 2024 – Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Total net revenues for the first quarter of 2024 increased by 1.0% to RMB773.4 million (US$107.1 million) from RMB ...

Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on May 22, 2024GUANGZHOU, China, May 22, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the first quarter ended March 31, 2024.First Quarter 2024 HighlightsTotal net revenues for the first quarter of 2024 increased by 1.0% to RMB773.4 million (US$107.1 million) from RMB765.4 million for the prior year period.Total net revenues ...

GUANGZHOU, China, May 15, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that it will release its unaudited financial results for the first quarter of 2024, on Wednesday, May 22, 2024, before the open of the U.S. markets.The Company's management will hold a conference call on Wednesday, May 22, 2024 at 7:30 A.M. U.S. Eastern Time (7:30 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may access ...

Financial Position - As of December 31, 2023, the company's cash, cash equivalents, and restricted cash totaled RMB858.1 million (US$120.9 million), down from RMB1.55 billion in 2022 and RMB3.14 billion in 2021[586][588]. - The company reported a significant decrease in cash and cash equivalents from RMB3.14 billion in 2021 to RMB858.1 million in 2023, indicating liquidity challenges[586][588]. - The company anticipates that its current cash and cash equivalents will be sufficient to meet working capital requirements for at least the next 12 months[588]. - As of December 31, 2023, the company's capital commitments totaled RMB346.7 million, with RMB184.7 million due within one year[599]. - The company had short-term investments amounting to RMB1.22 billion (US$171.6 million) as of December 31, 2023[586]. Cash Flow Activities - Net cash used in operating activities in 2023 was RMB107.4 million (US$15.1 million), with a net loss of RMB750.2 million (US$105.7 million) primarily due to non-cash items including goodwill impairment of RMB354.0 million (US$49.9 million)[590]. - Net cash used in investing activities in 2023 was RMB260.5 million (US$36.7 million), mainly due to the purchase of short-term investments totaling RMB2.34 billion (US$329.8 million)[593]. - Net cash used by financing activities in 2023 was RMB342.5 million (US$48.2 million), primarily for the repurchase of ordinary shares amounting to RMB212.7 million (US$30.0 million)[596]. Goodwill and Impairment - Yatsen Holding Limited's goodwill as of December 31, 2023, was RMB 556.6 million (US$ 78.4 million), primarily related to the Eve Lom and DR.WU reporting units[615]. - An impairment charge of RMB 354.0 million (US$ 49.9 million) was recognized for the Eve Lom reporting unit due to lower than expected revenue growth and a shift in strategy[615]. - The fair value of the Eve Lom reporting unit was estimated using a discounted cash flow model and market comparable analysis[615]. - The company conducts annual impairment reviews of goodwill and indefinite-lived intangible assets, with qualitative and quantitative assessments determining fair value[613]. Accounting and Financial Reporting - The company’s financial statements are prepared in accordance with U.S. GAAP, requiring estimates and judgments that affect reported amounts[608]. - The company evaluates its accounting estimates based on historical experience and various assumptions, which could lead to actual results differing from expectations[609]. - Inventory is carried at the estimated lower of cost or market, with obsolete and excess inventory assessed for net realizable value[611]. Legal and Regulatory Compliance - The company is required under PRC law to set aside at least 10% of after-tax profits for statutory reserve funds until these reach 50% of registered capital[605]. - PRC subsidiaries have not paid dividends and will not be able to until they generate accumulated profits and meet statutory reserve fund requirements[605]. Future Outlook - The company expects to moderate capital expenditures, which were RMB44.0 million (US$6.2 million) in 2023, to reserve resources for strategic transformation[597]. - There are no known trends or uncertainties that are likely to materially affect revenues or profitability from January 1, 2024[607].

GUANGZHOU, China, April 11, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that it has received a letter from the New York Stock Exchange ("NYSE") dated April 10, 2024 (the "April Letter"), notifying the Company that it has regained compliance with the NYSE's continued listing criterion of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual (the "NYSE Minimum Price Continued Listing ...