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Yatsen reports 5.1% revenue growth but Q2 net loss widens to RMB90.8M amid strategic shift to skincare focus

Company Fundamentals
02 Sep 2026
PRNewsWire
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Bearish
pluang ai news

Yatsen Holding Limited posted a 5.1% increase in total net revenues to RMB1.14 billion in Q2 2026, driven by a 40.4% surge in skincare brand sales which now represent over 70% of revenue. However, the company reported a net loss of RMB90.8 million, widening from RMB19.5 million a year earlier, due to intensified competition and higher operating expenses, especially in color cosmetics. Yatsen is streamlining its color cosmetics portfolio to focus on high-growth skincare brands and plans to optimize product offerings and channel execution while investing in R&D for long-term growth. The company expects Q3 revenues to decline up to 10% year-over-year amid ongoing market challenges.

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