It’s worth noting that in 2023, Yatsen Holding’s annual R&D expenses amounted to 110 million yuan, with the annual R&D expenditure ratio increasing from 2.4% in 2021 to 3.3%.

Yatsen Global’s Third Quarter Net Revenue Meets Expectations, Stock Price Soars by 12%.

Yatsen BioTech will be held by COSMAX with a 51% stake and Yatsen Global with a 49% stake.

Yatsen Holding, the parent company of Perfect Diary, achieves profit turnaround in the first quarter with skincare business accounting for over 30%.

China’s e-commerce giant, Yatsen Holding Limited, saw a 36.5% dip in net income from RMB 58.4 billion in 2021 to RMB 37.1 billion (approximately USD 5.37 billion) in 2022.