Yatsen Holding Ltd. has reported its financial results for the first quarter of 2025, showing substantial improvements in both net revenues and loss position. The company achieved a 7.8% year-over-year increase in total net revenues. The gross margin rose to 79.1%, up from 77.7% during the same period last year. The net loss for the first quarter was RMB5.6 million (approximately USD 0.8 million), significantly reduced from RMB124.9 million in the prior year period. The net loss margin decreased to 0.7%, compared to 16.1% a year ago. Yatsen Holding Ltd. reported a non-GAAP net income of RMB7.1 million (about USD 1.0 million), contrasting with a non-GAAP net loss of RMB83.8 million from the previous year. The non-GAAP net income margin improved to 0.9%, up from a non-GAAP net loss margin of 10.8% in the prior year period. The company maintains a strong financial position with cash and short-term investments totaling RMB1.28 billion, providing sufficient resources to support its strategic plans.
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