YATSEN HOLDING SP.ADS/4 A

Yatsen reports for Q1 2026 a net revenue increase of 22.5% to 1.02 billion CNY, driven by 58.5% growth in the skincare segment. Despite higher sales, the net loss widened to 61.9 million CNY (prior year: 5.6 million) as operating expenses for marketing and R&D rose 32.5%. For Q2 the company expects net revenue between 1.2 and 1.3 billion CNY and plans to continue investing in brand building and product innovation. » Altro su de.investing.com

Yatsen agreed to issue roughly $120 million of senior, RMB‑denominated convertible notes in two tranches of $60 million each. Buyers are a Trustar Capital vehicle and founder Jinfeng Huang. The notes pay 1.5% p.a., have an initial term of 364 days (automatic extension to five years after registration) and are convertible after the initial period at a conversion price of $4.63 (20% premium); warrants with a $0.50 strike price are also being issued. Yatsen plans to use the proceeds for R&D, global supply‑chain integration, overseas expansion and M&A; the stock trades at $3.82 (‑64% in six months), while the company reports a high gross margin (78.2%), a current ratio of 3.63 and analysts forecast a return to profitability in 2026. » Altro su de.investing.com

Yatsen Holding reported a net revenue rise of 36.8% to RMB 1.09 billion in Q2 2025 and a gross margin of 78.3%. The company saw strong gains in skincare, opened new experience stores in major cities such as Guangzhou and Shanghai, and issued an optimistic revenue outlook for the next quarter. Management highlighted a focus on R&D as a growth driver; the stock rose in pre-market trading. » Altro su de.investing.com