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

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: ID:nPn4vdGwba

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)