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Yatsen Reports Fourth Quarter and Full Year 2020 Financial Results
Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on March 11, 2021
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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.
Yatsen Reports Fourth Quarter and Full Year 2020 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.