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So-Young International Inc (SY)
NASDAQ:SY
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.01Last Year’s EPS
0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 30, 2019
|% Change Since: 4.49%
|Next Earnings Date:May 30, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in the expansion of clinics and increased profitability, alongside effective cost management and high customer satisfaction. However, there were notable declines in total revenue and specific service areas. The strategic initiatives and positive cash flows from new clinics suggest a strong future outlook, balancing the current challenges.Company Guidance
During the earnings call for the third quarter of 2024, So-Young presented several key metrics and outlined its guidance for the future. The company reported total revenue of RMB 332 million, exceeding the upper end of their guidance range, and net income attributable to So-Young of RMB 20.3 million, marking an 11.2% year-over-year increase. The non-GAAP net income soared by 133.1% to RMB 22.2 million. The expansion of their chain of clinics was highlighted as a significant growth driver, with revenue growing by 67% quarter-over-quarter and gross margins improving. The company also expanded its clinics from 8 to 17, with all new clinics generating positive operating cash flow and four already profitable at the store level. Customer retention was maintained at 60%, and customer satisfaction reached 4.98 out of 5. Looking forward, So-Young expects fourth-quarter revenue between RMB 350 million and RMB 370 million, while emphasizing strategic initiatives aimed at integrating the upstream and downstream segments of the aesthetic medical industry to position for long-term growth.Revenue and Net Income Growth
Total revenue reached RMB 332 million, surpassing guidance. Net income attributable to So-Young was RMB 20.3 million, up 11.2% year-over-year. Non-GAAP net income was RMB 22.2 million, up 133.1% year-over-year.
Chain of Clinics Expansion and Performance
Expanded clinics from 8 to 17, with revenue growing by 67% quarter-over-quarter. All new clinics are generating positive cash flow, with 4 already profitable at the store level.
Upstream and New Business Growth
Revenue from sales of medical products and maintenance services reached RMB 89.3 million, up 18.7% year-over-year. Elasti shipments increased 22% year-over-year.
Customer Satisfaction and Retention
Customer retention rate maintained at 60%. Overall customer satisfaction at clinics reached 4.98 out of 5.
Effective Expense Control
Operating expenses down 8.1% year-over-year. Sales and marketing expenses reduced by 20.1% year-over-year.
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SY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $0.89 | $0.83 | -6.74% |
| Aug 23, 2024 | $0.88 | $0.84 | -4.55% |
| May 28, 2024 | $1.04 | $0.99 | -4.81% |
| Mar 20, 2024 | $1.00 | $1.00 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does So-Young International Inc (SY) report earnings?
So-Young International Inc (SY) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is So-Young International Inc (SY) earnings time?
So-Young International Inc (SY) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SY EPS forecast?
SY EPS forecast for the fiscal quarter 2024 (Q4) is 0.01.
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