Chinese cosmetics maker Yatsen's Q3 net loss narrows
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:
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