Yatsen Announces Fourth Quarter and Full Year 2023 Financial Results
Conference Call to Be Held at
Fourth Quarter and Full Year 2023 Highlights
-
Total net revenues for the fourth quarter of 2023 increased by 6.7% to
RMB1.07 billion (US$151.1 million ) fromRMB1.01 billion for the prior year period. Total net revenues for the full year of 2023 decreased by 7.9% toRMB3 .41 billion (US$481 .0 million) from RMB3.71 billion for the prior year period. -
Total net revenues from Skincare Brands[1] for the fourth quarter of 2023 increased by 17.6% to
RMB554.8 million (US$78.1 million ) fromRMB471.6 million for the prior year period. As a percentage of total net revenues, total net revenues from Skincare Brands for the fourth quarter of 2023 increased to 51.7% from 46.9% for the prior year period. Total net revenues from Skincare Brands for the full year of 2023 increased by 11.4% toRMB1.38 billion (US$194.9 million ) fromRMB1.24 billion for the prior year period. As a percentage of total net revenues, total net revenues from Skincare Brands for the full year of 2023 increased to 40.5% from 33.5% for the prior year period. - Gross margin for the fourth quarter of 2023 was 73.7%, as compared with 71.1% for the prior year period. Gross margin for the full year of 2023 was 73.6%, as compared with 68.0% for the prior year period.
-
Net loss for the fourth quarter of 2023 was
RMB494.5 million (US$69.7 million ), as compared withRMB55.0 million for the prior year period. Net loss for the full year of 2023 decreased by 8.7% toRMB750.2 million (US$105.7 million ) fromRMB821.3 million for the prior year period. Non-GAAP net loss[2] for the fourth quarter of 2023 wasRMB93.7 million (US$13.2 million ), as compared with non-GAAP net income ofRMB34.7 million for the prior year period. Non-GAAP net loss for the full year of 2023 decreased by 34.6% toRMB296.1 million (US$41.7 million ) fromRMB452.9 million for the prior year period.
Mr.
Mr.
Fourth Quarter 2023 Financial Results
Net Revenues
Total net revenues for the fourth quarter of 2023 increased by 6.7% to
Gross Profit and Gross Margin
Gross profit for the fourth quarter of 2023 increased by 10.6% to
Operating Expenses
Total operating expenses for the fourth quarter of 2023 increased by 67.7% to
-
Fulfillment Expenses.
Fulfillment expenses for the fourth quarter of 2023 were
RMB62.7 million (US$8.8 million ), as compared withRMB62.5 million for the prior year period. As a percentage of total net revenues, fulfillment expenses for the fourth quarter of 2023 decreased to 5.8% from 6.2% for the prior year period. The decrease was primarily attributable to further improvements in logistics efficiency. -
Selling and Marketing Expenses.
Selling and marketing expenses for the fourth quarter of 2023 were
RMB717.4 million (US$101.0 million ), as compared withRMB535.2 million for the prior year period. As a percentage of total net revenues, selling and marketing expenses for the fourth quarter of 2023 increased to 66.9% from 53.2% for the prior year period. The increase was primarily due to the Perfect Diary brand upgrade as well as the Company's investments in new product launches across its brands. -
General and Administrative Expenses.
General and administrative expenses for the fourth quarter of 2023 were
RMB158.7 million (US$22.4 million ), as compared withRMB169.9 million for the prior year period. As a percentage of total net revenues, general and administrative expenses for the fourth quarter of 2023 decreased to 14.8% from 16.9% for the prior year period. The decrease was primarily attributable to a reduction in share-based compensation. -
Research and Development Expenses.
Research and development expenses for the fourth quarter of 2023 were
RMB36.9 million (US$5.2 million ), as compared withRMB25.1 million for the prior year period. As a percentage of total net revenues, research and development expenses for the fourth quarter of 2023 increased to 3.4% from 2.5% for the prior year period. The increase was primarily attributable to an increase in personnel costs, reflecting the Company's commitment to enhancing its research and development capabilities. -
Impairment of
Goodwill . Impairment of goodwill for the fourth quarter of 2023 wasRMB354.0 million (US$49.9 million ), as compared with nil in the prior year period. Impairment recorded in this quarter represents the amount by which the carrying value of theEve Lom reporting unit exceeded its fair value, based on quantitative goodwill impairment test, primarily due to weaker operating results than expected at the time of acquisition.
Loss from Operations
Loss from operations for the fourth quarter of 2023 was
Non-GAAP loss from operations[4] for the fourth quarter of 2023 was
Net Loss
Net loss for the fourth quarter of 2023 was
Non-GAAP net loss for the fourth quarter of 2023 was
Full Year 2023 Financial Results
Total net revenues for the full year of 2023 decreased by 7.9% to
Gross profit for the full year of 2023 decreased by 0.2% to
Loss from operations for the full year of 2023 was
Non-GAAP loss from operations for the full year of 2023 was
Net loss for the full year of 2023 was
Non-GAAP net loss for the full year of 2023 was
Balance Sheet and Cash Flow
As of
Net cash generated from operating activities for the fourth quarter of 2023 was
Business Outlook
For the first quarter of 2024, the Company expects its total net revenues to be between
Exchange Rate
This announcement contains translations of certain Renminbi ("RMB") amounts into
[1] Include net revenues from Galénic, |
[2] Non-GAAP net income (loss) is a non-GAAP financial measure. Effective from the fourth quarter of 2023, non-GAAP net income (loss) is defined as net loss excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from assets and business acquisitions, (iii) revaluation of investments on the share of equity method investments, (iv) impairment of goodwill and (v) tax effects on non-GAAP adjustments. Non-GAAP net income (loss) for the prior year period presented in this document is also calculated in the same manner. |
[3] Include Perfect Diary, Little Ondine, Pink Bear and other color cosmetics brands of the Company. |
[4] Non-GAAP income (loss) from operations is a non-GAAP financial measure. Effective from the fourth quarter of 2023, non-GAAP income (loss) from operations is defined as income (loss) from operations excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from assets and business acquisitions and (iii) impairment of goodwill. Non-GAAP income (loss) from operations for the prior year period presented in this document is also calculated in the same manner. |
[5] ADS refers to American depositary shares, each of which represents four Class A ordinary shares. |
[6] Non-GAAP net income (loss) attributable to ordinary shareholders per diluted ADS is a non-GAAP financial measure. Non-GAAP net income (loss) attributable to ordinary shareholders per diluted ADS is defined as non-GAAP net income (loss) attributable to ordinary shareholders divided by the weighted average number of diluted ADS outstanding for computing diluted earnings per ADS. Effective from the fourth quarter of 2023, non-GAAP net income (loss) attributable to ordinary shareholders is defined as net income (loss) attributable to ordinary shareholders excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from assets and business acquisitions, (iii) revaluation of investments on the share of equity method investments, (iv) impairment of goodwill, (v) tax effects on non-GAAP adjustments and (vi) accretion to redeemable non-controlling interests. Non-GAAP net income (loss) attributable to ordinary shareholders per diluted ADS for the prior year period presented in this document is also calculated in the same manner. |
Conference Call Information
The Company's management will hold a conference call on
|
+1-888-346-8982 |
International: |
+1-412-902-4272 |
Mainland |
400-120-1203 |
|
800-905-945 |
|
+852-3018-4992 |
Conference ID: |
8685896 |
The replay will be accessible through
United States: |
+1-877-344-7529 |
International: |
+1-412-317-0088 |
Replay Access Code: |
8685896 |
A live and archived webcast of the conference call will also be available on the Company's investor relations website at http://ir.yatsenglobal.com/.
About
For more information, please visit http://ir.yatsenglobal.com/.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net income (loss) attributable to ordinary shareholders and non-GAAP net income (loss) attributable to ordinary shareholders per diluted ADS, each a non-GAAP financial measure, in reviewing and assessing its operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with
However, the non-GAAP financial measures have limitations as analytical tools as the non-GAAP financial measures are not presented in accordance with
Safe Harbor Statement
This announcement contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the
For investor and media inquiries, please contact:
In
Investor Relations
E-mail: ir@yatsenglobal.com
Tel: +86-10-6508-0677
E-mail: yatsen@thepiacentegroup.com
In
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com
YATSEN HOLDING LIMITED |
||||||||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||||||||
(All amounts in thousands, except for share, per share data or otherwise noted) |
||||||||||||
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||||||||||||
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|
|
|
|
|
|
|
|
|||
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|
2022 |
|
|
2023 |
|
|
2023 |
|
|||
|
|
RMB'000 |
|
|
RMB'000 |
|
|
USD'000 |
|
|||
Assets |
|
|
|
|
|
|
|
|
|
|||
Current assets |
|
|
|
|
|
|
|
|
|
|||
Cash and cash equivalents |
|
|
1,512,945 |
|
|
|
836,888 |
|
|
|
117,873 |
|
Restricted Cash |
|
|
- |
|
|
|
21,248 |
|
|
|
2,993 |
|
Short-term investments |
|
|
1,072,867 |
|
|
|
1,218,481 |
|
|
|
171,619 |
|
Accounts receivable, net |
|
|
200,843 |
|
|
|
198,851 |
|
|
|
28,008 |
|
Inventories, net |
|
|
423,287 |
|
|
|
352,090 |
|
|
|
49,591 |
|
Prepayments and other current assets |
|
|
292,825 |
|
|
|
303,841 |
|
|
|
42,795 |
|
Amounts due from related parties |
|
|
5,654 |
|
|
|
20,200 |
|
|
|
2,845 |
|
Total current assets |
|
|
3,508,421 |
|
|
|
2,951,599 |
|
|
|
415,724 |
|
Non-current assets |
|
|
|
|
|
|
|
|
|
|||
Restricted cash |
|
|
41,383 |
|
|
|
- |
|
|
|
- |
|
Investments |
|
|
502,579 |
|
|
|
618,752 |
|
|
|
87,149 |
|
Property and equipment, net |
|
|
75,619 |
|
|
|
64,878 |
|
|
|
9,138 |
|
|
|
|
857,145 |
|
|
|
556,567 |
|
|
|
78,391 |
|
Intangible assets, net |
|
|
689,669 |
|
|
|
671,396 |
|
|
|
94,564 |
|
Deferred tax assets |
|
|
1,951 |
|
|
|
1,375 |
|
|
|
194 |
|
Right-of-use assets, net |
|
|
133,004 |
|
|
|
114,348 |
|
|
|
16,106 |
|
Other non-current assets |
|
|
52,885 |
|
|
|
27,100 |
|
|
|
3,817 |
|
Total non-current assets |
|
|
2,354,235 |
|
|
|
2,054,416 |
|
|
|
289,359 |
|
Total assets |
|
|
5,862,656 |
|
|
|
5,006,015 |
|
|
|
705,083 |
|
Liabilities, redeemable non-controlling interests and shareholders' equity |
|
|
|
|
|
|
|
|
|
|||
Current liabilities |
|
|
|
|
|
|
|
|
|
|||
Accounts payable |
|
|
119,847 |
|
|
|
105,691 |
|
|
|
14,886 |
|
Advances from customers |
|
|
16,652 |
|
|
|
41,579 |
|
|
|
5,856 |
|
Accrued expenses and other liabilities |
|
|
323,259 |
|
|
|
391,217 |
|
|
|
55,102 |
|
Amounts due to related parties |
|
|
27,242 |
|
|
|
9,431 |
|
|
|
1,328 |
|
Income tax payables |
|
|
21,826 |
|
|
|
17,946 |
|
|
|
2,528 |
|
Lease liabilities due within one year |
|
|
79,586 |
|
|
|
45,464 |
|
|
|
6,403 |
|
Total current liabilities |
|
|
588,412 |
|
|
|
611,328 |
|
|
|
86,103 |
|
Non-current liabilities |
|
|
|
|
|
|
|
|
|
|||
Deferred tax liabilities |
|
|
113,441 |
|
|
|
111,591 |
|
|
|
15,717 |
|
Deferred income-non current |
|
|
45,280 |
|
|
|
30,556 |
|
|
|
4,304 |
|
Lease liabilities |
|
|
52,997 |
|
|
|
67,767 |
|
|
|
9,545 |
|
Total non-current liabilities |
|
|
211,718 |
|
|
|
209,914 |
|
|
|
29,566 |
|
Total liabilities |
|
|
800,130 |
|
|
|
821,242 |
|
|
|
115,669 |
|
Redeemable non-controlling interests |
|
|
339,924 |
|
|
|
51,466 |
|
|
|
7,249 |
|
Shareholders' equity |
|
|
|
|
|
|
|
|
|
|||
Ordinary Shares ( |
|
|
173 |
|
|
|
173 |
|
|
|
24 |
|
|
|
|
(669,150) |
|
|
|
(864,568) |
|
|
|
(121,772) |
|
Additional paid-in capital |
|
|
12,038,802 |
|
|
|
12,260,208 |
|
|
|
1,726,814 |
|
Statutory reserve |
|
|
24,177 |
|
|
|
24,177 |
|
|
|
3,405 |
|
Accumulated deficit |
|
|
(6,600,365) |
|
|
|
(7,345,153) |
|
|
|
(1,034,543) |
|
Accumulated other comprehensive (loss) income |
|
|
(74,195) |
|
|
|
60,200 |
|
|
|
8,481 |
|
|
|
|
4,719,442 |
|
|
|
4,135,037 |
|
|
|
582,409 |
|
Non-controlling interests |
|
|
3,160 |
|
|
|
(1,730) |
|
|
|
(244) |
|
Total shareholders' equity |
|
|
4,722,602 |
|
|
|
4,133,307 |
|
|
|
582,165 |
|
Total liabilities, redeemable non-controlling interests and shareholders' equity |
|
|
5,862,656 |
|
|
|
5,006,015 |
|
|
|
705,083 |
|
YATSEN HOLDING LIMITED |
||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
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(All amounts in thousands, except for share, per share data or otherwise noted) |
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|
|
For the Three Months Ended |
|
|
For the Year Ended |
|
||||||||||||||||||
|
|
2022 |
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2023 |
|
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|
|
RMB'000 |
|
|
RMB'000 |
|
|
USD'000 |
|
|
RMB'000 |
|
|
RMB'000 |
|
|
USD'000 |
|
||||||
Total net revenues |
|
|
1,005,494 |
|
|
|
1,072,691 |
|
|
|
151,085 |
|
|
|
3,706,122 |
|
|
|
3,414,774 |
|
|
|
480,961 |
|
Total cost of revenues |
|
|
(290,886) |
|
|
|
(282,548) |
|
|
|
(39,796) |
|
|
|
(1,187,370) |
|
|
|
(901,455) |
|
|
|
(126,967) |
|
Gross profit |
|
|
714,608 |
|
|
|
790,143 |
|
|
|
111,289 |
|
|
|
2,518,752 |
|
|
|
2,513,319 |
|
|
|
353,994 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Fulfilment expenses |
|
|
(62,523) |
|
|
|
(62,741) |
|
|
|
(8,837) |
|
|
|
(269,886) |
|
|
|
(229,021) |
|
|
|
(32,257) |
|
Selling and marketing expenses |
|
|
(535,244) |
|
|
|
(717,439) |
|
|
|
(101,049) |
|
|
|
(2,330,480) |
|
|
|
(2,230,974) |
|
|
|
(314,226) |
|
General and administrative expenses |
|
|
(169,945) |
|
|
|
(158,716) |
|
|
|
(22,355) |
|
|
|
(720,409) |
|
|
|
(500,942) |
|
|
|
(70,556) |
|
Research and development expenses |
|
|
(25,139) |
|
|
|
(36,851) |
|
|
|
(5,190) |
|
|
|
(126,875) |
|
|
|
(111,698) |
|
|
|
(15,732) |
|
Impairment of goodwill |
|
|
- |
|
|
|
(354,039) |
|
|
|
(49,865) |
|
|
|
- |
|
|
|
(354,039) |
|
|
|
(49,865) |
|
Total operating expenses |
|
|
(792,851) |
|
|
|
(1,329,786) |
|
|
|
(187,296) |
|
|
|
(3,447,650) |
|
|
|
(3,426,674) |
|
|
|
(482,636) |
|
Loss from operations |
|
|
(78,243) |
|
|
|
(539,643) |
|
|
|
(76,007) |
|
|
|
(928,898) |
|
|
|
(913,355) |
|
|
|
(128,642) |
|
Financial income |
|
|
7,456 |
|
|
|
15,763 |
|
|
|
2,220 |
|
|
|
34,656 |
|
|
|
89,020 |
|
|
|
12,538 |
|
Foreign currency exchange gain (loss) |
|
|
8,380 |
|
|
|
6,400 |
|
|
|
901 |
|
|
|
(35,357) |
|
|
|
7,218 |
|
|
|
1,017 |
|
(Loss) income from equity method investments, net |
|
|
(2,086) |
|
|
|
4,446 |
|
|
|
626 |
|
|
|
12,548 |
|
|
|
10,122 |
|
|
|
1,426 |
|
Impairment of investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(5,078) |
|
|
|
- |
|
|
|
- |
|
Other income, net |
|
|
7,717 |
|
|
|
15,612 |
|
|
|
2,199 |
|
|
|
103,501 |
|
|
|
53,558 |
|
|
|
7,543 |
|
Loss before income tax expenses |
|
|
(56,776) |
|
|
|
(497,422) |
|
|
|
(70,061) |
|
|
|
(818,628) |
|
|
|
(753,437) |
|
|
|
(106,118) |
|
Income tax benefits (expenses) |
|
|
1,823 |
|
|
|
2,896 |
|
|
|
408 |
|
|
|
(2,705) |
|
|
|
3,210 |
|
|
|
452 |
|
Net loss |
|
|
(54,953) |
|
|
|
(494,526) |
|
|
|
(69,653) |
|
|
|
(821,333) |
|
|
|
(750,227) |
|
|
|
(105,666) |
|
Net loss attributable to non-controlling interests and redeemable non-controlling interests |
|
|
2,705 |
|
|
|
4,011 |
|
|
|
565 |
|
|
|
5,962 |
|
|
|
5,439 |
|
|
|
766 |
|
Accretion to redeemable non-controlling interests |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(2,975) |
|
|
|
(419) |
|
Net loss attributable to |
|
|
(52,248) |
|
|
|
(490,515) |
|
|
|
(69,088) |
|
|
|
(815,371) |
|
|
|
(747,763) |
|
|
|
(105,319) |
|
Shares used in calculating loss per share (1): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Weighted average number of Class A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Basic |
|
|
2,236,277,374 |
|
|
|
2,146,881,745 |
|
|
|
2,146,881,745 |
|
|
|
2,372,728,777 |
|
|
|
2,195,818,231 |
|
|
|
2,195,818,231 |
|
Diluted |
|
|
2,236,277,374 |
|
|
|
2,146,881,745 |
|
|
|
2,146,881,745 |
|
|
|
2,372,728,777 |
|
|
|
2,195,818,231 |
|
|
|
2,195,818,231 |
|
Net loss per Class A and Class B |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Basic |
|
|
(0.02) |
|
|
|
(0.23) |
|
|
|
(0.03) |
|
|
|
(0.34) |
|
|
|
(0.34) |
|
|
|
(0.05) |
|
Diluted |
|
|
(0.02) |
|
|
|
(0.23) |
|
|
|
(0.03) |
|
|
|
(0.34) |
|
|
|
(0.34) |
|
|
|
(0.05) |
|
Net loss per ADS (4 ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Basic |
|
|
(0.09) |
|
|
|
(0.91) |
|
|
|
(0.13) |
|
|
|
(1.37) |
|
|
|
(1.36) |
|
|
|
(0.19) |
|
Diluted |
|
|
(0.09) |
|
|
|
(0.91) |
|
|
|
(0.13) |
|
|
|
(1.37) |
|
|
|
(1.36) |
|
|
|
(0.19) |
|
|
|
For the Three Months Ended |
|
|
For the Year Ended |
|
||||||||||||||||||
|
|
2022 |
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2023 |
|
||||||
Share-based compensation expenses |
|
RMB'000 |
|
|
RMB'000 |
|
|
USD'000 |
|
|
RMB'000 |
|
|
RMB'000 |
|
|
USD'000 |
|
||||||
Fulfilment expenses |
|
|
937 |
|
|
|
256 |
|
|
|
36 |
|
|
|
4,267 |
|
|
|
2,055 |
|
|
|
289 |
|
Selling and marketing expenses |
|
|
13,712 |
|
|
|
3,298 |
|
|
|
465 |
|
|
|
62,231 |
|
|
|
23,518 |
|
|
|
3,312 |
|
General and administrative expenses |
|
|
57,586 |
|
|
|
39,688 |
|
|
|
5,590 |
|
|
|
248,400 |
|
|
|
46,902 |
|
|
|
6,606 |
|
Research and development expenses |
|
|
4,490 |
|
|
|
1,241 |
|
|
|
175 |
|
|
|
25,962 |
|
|
|
5,027 |
|
|
|
708 |
|
Total |
|
|
76,725 |
|
|
|
44,483 |
|
|
|
6,266 |
|
|
|
340,860 |
|
|
|
77,502 |
|
|
|
10,915 |
|
(1) Authorized share capital is re-classified and re-designated into Class A ordinary shares and Class B ordinary shares, with each |
YATSEN HOLDING LIMITED |
||||||||||||||||||||||||
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS |
||||||||||||||||||||||||
(All amounts in thousands, except for share, per share data or otherwise noted) |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
|
|
For the Three Months Ended |
|
|
For the Year Ended |
|
||||||||||||||||||
|
|
2022 |
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2023 |
|
||||||
|
|
RMB'000 |
|
|
RMB'000 |
|
|
USD'000 |
|
|
RMB'000 |
|
|
RMB'000 |
|
|
USD'000 |
|
||||||
Loss from operations |
|
|
(78,243) |
|
|
|
(539,643) |
|
|
|
(76,007) |
|
|
|
(928,898) |
|
|
|
(913,355) |
|
|
|
(128,642) |
|
Share-based compensation expenses |
|
|
76,725 |
|
|
|
44,483 |
|
|
|
6,266 |
|
|
|
340,860 |
|
|
|
77,502 |
|
|
|
10,915 |
|
Impairment of goodwill |
|
|
- |
|
|
|
354,039 |
|
|
|
49,865 |
|
|
|
- |
|
|
|
354,039 |
|
|
|
49,865 |
|
Amortization of intangible assets |
|
|
13,063 |
|
|
|
15,231 |
|
|
|
2,145 |
|
|
|
48,700 |
|
|
|
54,297 |
|
|
|
7,648 |
|
Non-GAAP income (loss) from |
|
|
11,545 |
|
|
|
(125,890) |
|
|
|
(17,731) |
|
|
|
(539,338) |
|
|
|
(427,517) |
|
|
|
(60,214) |
|
Net loss |
|
|
(54,953) |
|
|
|
(494,526) |
|
|
|
(69,653) |
|
|
|
(821,333) |
|
|
|
(750,227) |
|
|
|
(105,666) |
|
Share-based compensation expenses |
|
|
76,725 |
|
|
|
44,483 |
|
|
|
6,266 |
|
|
|
340,860 |
|
|
|
77,502 |
|
|
|
10,915 |
|
Impairment of goodwill |
|
|
- |
|
|
|
354,039 |
|
|
|
49,865 |
|
|
|
- |
|
|
|
354,039 |
|
|
|
49,865 |
|
Amortization of intangible assets |
|
|
13,063 |
|
|
|
15,231 |
|
|
|
2,145 |
|
|
|
48,700 |
|
|
|
54,297 |
|
|
|
7,648 |
|
Revaluation of investments on the |
|
|
2,071 |
|
|
|
(10,337) |
|
|
|
(1,456) |
|
|
|
(12,779) |
|
|
|
(22,324) |
|
|
|
(3,144) |
|
Tax effects on non-GAAP adjustments |
|
|
(2,229) |
|
|
|
(2,635) |
|
|
|
(371) |
|
|
|
(8,360) |
|
|
|
(9,356) |
|
|
|
(1,318) |
|
Non-GAAP net income (loss) |
|
|
34,677 |
|
|
|
(93,745) |
|
|
|
(13,204) |
|
|
|
(452,912) |
|
|
|
(296,069) |
|
|
|
(41,700) |
|
Net loss attributable to |
|
|
(52,248) |
|
|
|
(490,515) |
|
|
|
(69,088) |
|
|
|
(815,371) |
|
|
|
(747,763) |
|
|
|
(105,319) |
|
Share-based compensation expenses |
|
|
76,725 |
|
|
|
44,483 |
|
|
|
6,266 |
|
|
|
340,860 |
|
|
|
77,502 |
|
|
|
10,915 |
|
Impairment of goodwill |
|
|
- |
|
|
|
354,039 |
|
|
|
49,865 |
|
|
|
- |
|
|
|
354,039 |
|
|
|
49,865 |
|
Amortization of intangible assets |
|
|
12,780 |
|
|
|
14,945 |
|
|
|
2,105 |
|
|
|
47,663 |
|
|
|
53,214 |
|
|
|
7,495 |
|
Revaluation of investments on the |
|
|
2,071 |
|
|
|
(10,337) |
|
|
|
(1,456) |
|
|
|
(12,779) |
|
|
|
(22,324) |
|
|
|
(3,144) |
|
Tax effects on non-GAAP adjustments |
|
|
(2,229) |
|
|
|
(2,635) |
|
|
|
(371) |
|
|
|
(8,360) |
|
|
|
(9,356) |
|
|
|
(1,318) |
|
Accretion to redeemable non- |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,975 |
|
|
|
419 |
|
Non-GAAP net income (loss) |
|
|
37,099 |
|
|
|
(90,020) |
|
|
|
(12,679) |
|
|
|
(447,987) |
|
|
|
(291,713) |
|
|
|
(41,087) |
|
Shares used in calculating loss per |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Weighted average number of Class A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Basic |
|
|
2,236,277,374 |
|
|
|
2,146,881,745 |
|
|
|
2,146,881,745 |
|
|
|
2,372,728,777 |
|
|
|
2,195,818,231 |
|
|
|
2,195,818,231 |
|
Diluted |
|
|
2,343,024,839 |
|
|
|
2,146,881,745 |
|
|
|
2,146,881,745 |
|
|
|
2,372,728,777 |
|
|
|
2,195,818,231 |
|
|
|
2,195,818,231 |
|
Non-GAAP net income (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Basic |
|
|
0.02 |
|
|
|
(0.04) |
|
|
|
(0.01) |
|
|
|
(0.19) |
|
|
|
(0.13) |
|
|
|
(0.02) |
|
Diluted |
|
|
0.02 |
|
|
|
(0.04) |
|
|
|
(0.01) |
|
|
|
(0.19) |
|
|
|
(0.13) |
|
|
|
(0.02) |
|
Non-GAAP net income (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Basic |
|
|
0.07 |
|
|
|
(0.17) |
|
|
|
(0.02) |
|
|
|
(0.76) |
|
|
|
(0.53) |
|
|
|
(0.07) |
|
Diluted |
|
|
0.06 |
|
|
|
(0.17) |
|
|
|
(0.02) |
|
|
|
(0.76) |
|
|
|
(0.53) |
|
|
|
(0.07) |
|
View original content:https://www.prnewswire.com/news-releases/yatsen-announces-fourth-quarter-and-full-year-2023-financial-results-302081184.html
SOURCE