GUANGZHOU, China, March 8, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that, it will change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio") from one (1) ADS representing four (4) Class A ordinary shares to one (1) ADS representing twenty (20) Class A ordinary shares. For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for ...

Financial Data and Key Metrics Changes - Total net revenues for Q4 2023 increased by 6.7% year-over-year to RMB 1.07 billion from RMB 1.01 billion [14] - Gross profit for Q4 2023 increased by 10.6% year-over-year to RMB 790.1 million, with gross margin improving to 73.7% from 71.1% [14][15] - Net loss for Q4 2023 was RMB 494.5 million, compared to RMB 55 million for the prior year period, resulting in a net loss margin of 46.1% [19] - For the full year 2023, total net revenues decreased by 7.9% to RMB 3.41 billion from RMB 3.71 billion [20] Business Line Data and Key Metrics Changes - Net revenues from Skincare brands for Q4 2023 grew by 17.6% year-over-year, while Color Cosmetics brands saw a slight decline of 1.8% [6][14] - The gross margin for Q4 2023 improved due to higher sales of premium products and disciplined pricing strategies [15] - R&D expenses as a percentage of revenues were 3.4% for Q4 2023, reflecting a commitment to enhancing research capabilities [12][18] Market Data and Key Metrics Changes - China's beauty market showed modest recovery in 2023, with total beauty retail sales up 1% year-over-year for Q4 [5] - Online beauty sales were mixed, with Tmall sales decreasing while Douyin sales increased year-over-year [5] Company Strategy and Development Direction - The company is focused on building strong brand equity through superior products and consumer satisfaction, alongside continued investments in brand building and R&D [6] - Perfect Diary's brand repositioning is gaining traction, with new product launches contributing significantly to revenue [10][25] Management Comments on Operating Environment and Future Outlook - Management noted a still soft retail environment but expressed optimism about returning to growth and pursuing sustainable growth through innovation [13] - The company expects total net revenues for Q1 2024 to be between RMB 765.4 million and RMB 803.7 million, indicating a year-over-year increase of approximately 0% to 5% [23] Other Important Information - The company recorded an impairment of goodwill of RMB 354 million in Q4 2023, primarily due to weaker operating results than expected at the time of acquisition [18] - The company had cash, restricted cash, and short-term investments of RMB 2.08 billion as of December 31, 2023, down from RMB 2.63 billion a year earlier [22] Q&A Session Summary Question: What is the target revenue contribution from new products for Perfect Diary this year? - Management indicated that new products contributed below 40% in Q4 2023, with expectations to rise above 50% this year [25] Question: How is the performance of brands during the Women's Day shopping festival? - Management noted that the performance is relatively steady, with more resources allocated for larger shopping festivals like 618 and Double 11 [26]

Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on March 6, 2024 GUANGZHOU, China, March 6, 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights Total net revenues for the fourth quarter of 2023 increased by 6.7% to RMB1.07 billion (US$151.1 million) from RMB1.01 billion for th ...

Exhibit 99.1 Yatsen Announces Fourth Quarter and Full Year 2023 Financial Results Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on March 6, 2024 GUANGZHOU, China, March 6, 2024 – Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights • Total net revenues for the fourth quarter of 2023 increased by 6 ...

GUANGZHOU, China, Feb. 28, 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 fourth quarter and full year ended December 31, 2023, on Wednesday, March 6, 2024, before the open of the U.S. markets. The Company's management will hold a conference call on Wednesday, March 6, 2024 at 7:30 A.M. U.S. Eastern Time (8:30 P.M. Beijing/Hong Kong Time) to discuss the financ ...

Yatsen Holding Limited (NYSE:YSG) Q3 2023 Earnings Conference Call November 21, 2023 7:30 AM ET Company Participants Irene Lyu - Vice President, Head, Strategic Investments and Capital Markets Jinfeng Huang - Founder, Chairman and Chief Executive Officer Donghao Yang - Chief Financial Officer Conference Call Participants Maggie Wan - CICC Operator Ladies and gentlemen, good day and welcome to the Yatsen Third Quarter 2023 Earnings Conference Call. Today’s conference is being recorded. At this time, I would ...

Exhibit 99.1 Yatsen Announces Third Quarter 2023 Financial Results and Upsizing and Extension of Share Repurchase Program Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on November 21, 2023 GUANGZHOU, China, November 21, 2023 – Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the third quarter ended September 30, 2023, and upsizing and extension of the share repurchase program. Third Quarter 202 ...

Yatsen Holding Limited (NYSE:YSG) Q2 2023 Earnings Call Transcript August 22, 2023 7:30 AM ET Company Participants Irene Lyu - Vice President, Head of Strategic Investment and Capital Markets Jinfeng Huang - Founder, Chairman and CEO Donghao Yang - CFO and Director Conference Call Participants Qianye Lin - CICC Vivi Huang - Morgan Stanley Operator Ladies and gentlemen, good day, and welcome to the Yatsen's Second Quarter 2023 Earnings Conference Call. Today's conference call is being recorded. At this time, ...

Second Quarter 2023 Investor Presentation Yatsen Holding Limited Disclaimer ...

Yatsen Announces Second Quarter 2023 Financial Results Exhibit 99.1 Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on August 22, 2023 GUANGZHOU, China, August 22, 2023 – 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, 2023. Second Quarter 2023 Highlights • Total net revenues for the second quarter of 2023 decreased by 9.8% to RMB858.6 million (US$118.4 million) ...