Chinese beauty brands’ overseas sales are currently about half those of their Korean counterparts, but the gap is steadily narrowing.
Yatsen Global expects total net revenue for the first quarter of 2026 to increase by approximately 15% to 30% year-on-year.
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.
