Brief News: Skincare brand revenue surged, Yatsen's losses significantly narrowed last year

Beauty retailer Yatsen Holding Limited announced a revenue of 4.3 billion yuan for 2025, a year-on-year increase of 26.7%. The annual net loss significantly narrowed by 87% to 92.4 million yuan, with the net loss rate dropping to 2.2%. The company has strategically transformed into a high-end skincare brand, with skincare brand revenue increasing by 63.5% to 2.28 billion yuan, accounting for 53% of total revenue. In the fourth quarter, revenue grew by 20.1% to 1.38 billion yuan, and skincare brand revenue increased by 51.9% to 843 million yuan. It is expected that revenue in the first quarter of 2026 will reach 960 million to 1.08 billion yuan, a year-on-year increase of 15% to 30%