Company research
So-Young International Inc.
CIK 1758530Updated Sep 24, 2026
SecuritySY · NASDAQ · adr
SY price & chart
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NASDAQ:SY on TradingView ↗Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 378,894,000Source | 374,715,000Source | 452,761,000Source | 463,646,000Source |
| Property, Plant and Equipment, NetUSD | 41,979,000Source | 21,283,000Source | 16,448,000Source | 16,845,000Source |
| GoodwillUSD | 98,000Source | 94,000Source | 76,155,000Source | 78,393,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 20,606,000Source | 17,346,000Source | 20,458,000Source | 24,543,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 59,804,000Source | 80,521,000Source | 60,018,000Source | 100,681,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 7,369,000Source | 13,532,000Source | 8,059,000Source | 5,220,000Source |
| Inventory, NetUSD | 33,374,000Source | 20,790,000Source | 16,750,000Source | 17,468,000Source |
| Assets, CurrentUSD | 212,295,000Source | 236,236,000Source | 242,528,000Source | 277,913,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 35,211,000Source | 26,743,000Source | 24,194,000Source | 18,397,000Source |
| Operating Lease, Right-of-Use AssetUSD | 35,983,000Source | 22,299,000Source | 16,677,000Source | 9,119,000Source |
| Other Assets, NoncurrentUSD | 18,732,000Source | 27,421,000Source | 32,741,000Source | 14,396,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 140,256,000Source | 106,369,000Source | 92,008,000Source | 85,543,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 437,540,000Source | 420,561,000Source | 433,870,000Source | 441,334,000Source |
| Retained Earnings (Accumulated Deficit)USD | -167,964,000Source | -126,915,000Source | -46,503,000Source | -50,255,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,908,000Source | 4,324,000Source | 2,561,000Source | 595,000Source |
| Stockholders' Equity Attributable to ParentUSD | 222,121,000Source | 251,960,000Source | 344,248,000Source | 362,163,000Source |
| Liabilities and EquityUSD | 378,894,000Source | 374,715,000Source | 452,761,000Source | 463,646,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 112,119,000Source | 86,337,000Source | 76,117,000Source | 78,008,000Source |
| Operating Lease, Liability, CurrentUSD | 10,945,000Source | 6,152,000Source | 4,189,000Source | 7,291,000Source |
| Operating Lease, Liability, NoncurrentUSD | 26,221,000Source | 17,152,000Source | 12,142,000Source | 3,041,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,518,000Source | 2,707,000Source | 3,533,000Source | 4,494,000Source |
| Other Liabilities, NoncurrentUSD | 398,000Source | 173,000Source | 216,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 16,517,000Source | 16,386,000Source | 16,505,000Source | 15,940,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -35,307,000Source | -80,443,000Source | 3,654,000Source | -9,584,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 8,181,000Source | 6,291,000Source | 6,492,000Source | 6,827,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,275,000Source | 4,474,000Source | 5,116,000Source | 6,283,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -3,112,000Source | 8,272,000Source | 4,078,000Source | -1,967,000Source |
| Increase (Decrease) in InventoriesUSD | 16,585,000Source | 5,035,000Source | 299,000Source | 4,058,000Source |
| Deferred Income Tax Expense (Benefit)USD | -256,000Source | -2,215,000Source | -4,720,000Source | -3,596,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -15,071,000Source | -3,510,000Source | 3,171,000Source | -16,365,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 14,135,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -6,122,000Source | 35,215,000Source | -28,538,000Source | -82,963,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 2,181,000Source | 2,498,000Source | 17,693,000Source | 2,193,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -9,110,000Source | -2,946,000Source | -14,087,000Source | -1,970,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 2,721,000Source | 5,969,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -30,513,000Source | 29,212,000Source | -37,784,000Source | -93,199,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 61,859,000Source | 88,497,000Source | 60,950,000Source | 101,635,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | -1,397,000Source | 1,589,000Source | -2,290,000Source | -1,647,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 23,025,000Source | 23,199,000Source | 25,349,000Source | 25,438,000Source |
| DepreciationCNY | 34,187,000Source | 22,719,000Source | 20,741,000Source | 21,648,000Source |
| Equity Method Investment, Other than Temporary ImpairmentCNY | 0Source | 7,350,000Source | 444,000Source | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)CNY | -842,000Source | -1,264,000Source | -498,000Source | — |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 0Source | — | — | 8,103,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 851,000Source | 15,000Source | -93,000Source | -71,000Source |
| Gain (Loss) on InvestmentsCNY | — | — | — | -17,124,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | 326,000Source | 400,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -582,000Source | -849,000Source | -19,000Source | -1,000Source |
| General and Administrative ExpenseUSD | — | 44,398,000Source | 40,953,000Source | 37,727,000Source |
| GoodwillUSD | 98,000Source | 94,000Source | 76,155,000Source | 78,393,000Source |
| Goodwill, Impairment LossCNY | 0Source | 73,981,000Source | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 1,929,000Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -583,000Source | -2,057,000Source | -1,792,000Source | -2,497,000Source |
| Income Tax Expense (Benefit)USD | 114,000Source | -124,000Source | -2,546,000Source | -3,040,000Source |
| Inventory Write-downUSD | 216,000Source | — | — | — |
| Investment Income, InterestUSD | 3,368,000Source | 6,371,000Source | 6,879,000Source | 4,188,000Source |
| Net Income (Loss) Attributable to ParentUSD | -34,649,000Source | -80,764,000Source | 2,997,000Source | -9,504,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -658,000Source | 321,000Source | 657,000Source | -80,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -242,301,000Source | -589,527,000Source | 21,280,000Source | -65,554,000Source |
| Operating ExpensesUSD | 144,980,000Source | 208,733,000Source | 142,923,000Source | 140,259,000Source |
| Other Nonoperating Income (Expense)USD | 1,845,000Source | 155,000Source | 3,084,000Source | 1,196,000Source |
| Proceeds from Contributed CapitalUSD | 71,000Source | — | 7,000Source | 96,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 27,000Source | 127,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 3,045,000Source | 5,445,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 217,844,000Source | 200,937,000Source | 210,993,000Source | 182,375,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 6,000Source | -34,000Source | 69,000Source | -7,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -40,923,000Source | -85,554,000Source | -8,598,000Source | -14,906,000Source |
| Other Nonoperating Income (Expense)USD | 1,845,000Source | 155,000Source | 3,084,000Source | 1,196,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -35,193,000Source | -80,567,000Source | 1,108,000Source | -12,624,000Source |
| Income Tax Expense (Benefit)USD | 114,000Source | -124,000Source | -2,546,000Source | -3,040,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -658,000Source | 321,000Source | 657,000Source | -80,000Source |
| Net Income (Loss) Attributable to ParentUSD | -34,649,000Source | -80,764,000Source | 2,997,000Source | -9,504,000Source |
| Total Revenue | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 77,863,698Source | 79,384,454Source | 77,646,899Source | 82,665,269Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 77,863,698Source | 79,384,454Source | 78,054,950Source | 82,665,269Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 23,025,000Source | 23,199,000Source | 25,349,000Source | 25,438,000Source |
| Current Income Tax Expense (Benefit)CNY | 2,587,000Source | 15,261,000Source | 15,440,000Source | 3,838,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 0Source | — | — | 8,103,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 851,000Source | 15,000Source | -93,000Source | -71,000Source |
| Gain (Loss) on InvestmentsCNY | — | — | — | -17,124,000Source |
| General and Administrative ExpenseUSD | — | 44,398,000Source | 40,953,000Source | 37,727,000Source |
| Goodwill, Impairment LossCNY | 0Source | 73,981,000Source | — | — |
| Gross ProfitUSD | 104,057,000Source | 123,179,000Source | 134,325,000Source | 125,353,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -583,000Source | -2,057,000Source | -1,792,000Source | -2,497,000Source |
| Investment Income, InterestUSD | 3,368,000Source | 6,371,000Source | 6,879,000Source | 4,188,000Source |
| Investment Income, NetCNY | 3,085,000Source | 3,229,000Source | 7,209,000Source | 4,264,000Source |
| Labor and Related ExpenseCNY | 93,644,000Source | 90,472,000Source | 96,961,000Source | 108,057,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -242,301,000Source | -589,527,000Source | 21,280,000Source | -65,554,000Source |
| Operating ExpensesUSD | 144,980,000Source | 208,733,000Source | 142,923,000Source | 140,259,000Source |
| Research and Development ExpenseUSD | 19,596,000Source | 22,609,000Source | 28,666,000Source | 34,084,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 217,844,000Source | 200,937,000Source | 210,993,000Source | 182,375,000Source |
| Selling and Marketing ExpenseUSD | — | 67,745,000Source | 73,304,000Source | 68,448,000Source |