So Young Technology (NASDAQ:SY) closed down 3.34% at $3.62 on August 18. The previous Friday (August 15), So Young Technology ended down 22.73%. On August 15, So Young released its unaudited second quarter financial results for the period ended June 30.

According to the financial data, So Young's total revenue for the second quarter was 379 million yuan, representing a 7.0% year-over-year decline. The company reported a net loss of 36 million yuan, compared to a net profit of 18.9 million yuan in the same period of 2024. Under non-GAAP accounting standards, So Young posted a net loss of 30.5 million yuan in the second quarter, versus a net profit of 22.2 million yuan in the corresponding period of 2024, marking a shift from profit to loss in both metrics.

Regarding the 7% year-over-year revenue decline, So Young CFO Zhao Hui explained during the earnings call that this was primarily due to a reduction in the number of medical institutions subscribing to the platform's information services.

The financial report attributed the shift from profit to loss to two main factors: the direct impact of declining revenue, and the company's continued resource investment in expanding offline business and optimizing operational systems during its transformation process.