Yatsen Q42024: revenues soar 7.1 p.c to RMB1.15 billion

THE WHAT? Yatsen has introduced its outcomes for the ultimate quarter and full 12 months fiscal 2024. The Chinese language cosmetics large mentioned that revenues elevated 7.1 p.c to RMB1.15 billion within the three months ended December 31, 2024 bringing FY revenues to RMB3.39 billion, down 0.6 p.c on the prior 12 months.

THE DETAILS This fall gross margin elevated to 77.8 p.c from 73.7 p.c for the prior 12 months interval and FY gross margin grew to 77.1 p.c from 2023’s 73.6 p.c. FY web loss decreased by 5.3 p.c to RMB710.2 million.

THE WHY? Jinfeng Huang, Founder, Chairman and Chief Govt Officer, reveals, “We’re happy to share our stable efficiency within the fourth quarter of 2024, regardless of the continued challenges within the magnificence market. We achieved year-over-year progress in complete web revenues for the fourth quarter, pushed by the restoration of Good Diary in addition to the mixed progress of our three main skincare manufacturers. By way of profitability, we additionally made stable progress, narrowing our web loss margin whereas delivering non-GAAP web revenue for the quarter.
“This efficiency displays the success of our strategic initiatives in product growth, model constructing, and value optimization. As we transfer ahead, we’ll stay dedicated to our strategic transformation plan and are assured in our capability to navigate the evolving market dynamics and drive sustainable progress.”