Yatsen Holding (YSG) has released an update.
Yatsen Holding reported a 7.5% drop in second quarter 2024 revenues, totaling RMB 794.5 million, with a notable decline in color cosmetics offset by stable skincare sales. Despite challenging market conditions, the company improved its gross margin to 76.7% and narrowed its net loss by 21.2% to RMB 85.5 million. Yatsen remains focused on expanding its product offerings and optimizing sales channels to reinvigorate growth.
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