Yatsen Reports First Quarter 2021 Financial Results
Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on May 19, 2021
GUANGZHOU, China, May 19, 2021 - 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 first quarter ended March 31, 2021.
First Quarter 2021 Highlights
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Total net revenues for the first quarter of 2021 increased 42.7% to RMB1.44 billion (US$220.5 million) from RMB1.01 billion for the first quarter of 2020.
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Gross margin for the first quarter of 2021 was 68.6% compared to 61.7% for the first quarter of 2020.
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Gross sales
1 for the first quarter of 2021 increased 47.0% to RMB1.69 billion (US$257.3 million) from RMB1.15 billion for the first quarter of 2020.