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Stock impact report

Yatsen Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares (YSG) 
Company Research Source: Yahoo! Finance
GUANGZHOU, China Nov. 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 third quarter ended September 30, 2024 Third Quarter 2024 Highlights Total net revenues for the third quarter of 2024 decreased by 5.7% to RMB677.0 million US$96.5 million ) from RMB718.1 million for the prior year period. Total net revenues from Skincare Brands [1] for the third quarter of 2024 increased by 3.6% to RMB267.9 million US$38.2 million ) from RMB258.5 million for the prior year period. As a percentage of total net revenues, total net revenues from Skincare Brands for the third quarter of 2024 were 39.6%, as compared with 36.0% for the prior year period. Gross margin for the third quarter of 2024 increased to 75.9% from 71.4% for the prior year period. Net loss for the third quarter of 2024 was RMB121.1 million US$17.3 million ), as compared with RMB197.9 millio Show less Read more
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