So-Young International (SY) has released an update.
So-Young International Inc. reported a robust fiscal year 2023 with 19.1% revenue growth and a turnaround from a net loss to a profit of RMB 21.3 million. The fourth quarter saw revenues up 20.1%, but a decrease in net income compared to the same period last year. In response to their solid financial performance, the company has announced a US$25 million share repurchase program and a special cash dividend, signaling confidence in continued growth.
For further insights into SY stock, check out TipRanks’ Stock Analysis page.
