Yatsen Holding (YSG) Reports Q4 Loss of $0.11 on Revenues of $300.6M

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Yatsen Reports Fourth Quarter and Full Year 2020 Financial Results

March 11, 2021 5:00 AM EST

GUANGZHOU, China, March 11, 2021 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leader in the rapidly evolving China beauty market, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Highlights

Total net revenues for the fourth quarter of 2020 increased 71.7% to RMB1.96 billion (US$300.6 million) from RMB1.14 billion for the fourth quarter of 2019. Gross margin for the fourth quarter of 2020 was 66.3% compared to 62.7% for the fourth quarter of 2019. Gross... More