Q2 2025 So-Young International Inc Earnings Call Transcript
Key Points
- The Aesthetic Treatment Services revenue increased by 426% year over year, reaching RMB144 million, surpassing the high end of guidance.
- The number of active users exceeded 100,000 by June, with verified treatment visits up 381% year over year.
- The repeat purchase rate for the aesthetic center business exceeded 60%, with a high customer satisfaction score of 4.99 out of 5.
- The company plans to expand its aesthetic centers to 50 by the end of the year, enhancing accessibility and market presence.
- So-Young International Inc (SY) maintains a robust cash position with cash and cash equivalents totaling RMB998.6 million as of June 30, 2025.
- Total revenues for the quarter were down 7% year over year, primarily due to a decrease in medical service providers subscribing to information services.
- The company recorded a net loss of RMB36 million and a non-GAAP net loss of RMB30.5 million in the second quarter.
- Sales of medical products and maintenance services decreased by 28.1% year over year.
- Information and Reservation services revenues declined by 35.6% year over year.
- Other services revenues fell by 64% year over year, primarily due to a decrease in So-Young Prime.
Ladies and gentlemen, thank you for standing by for So-Young's second quarter 2025 earnings conference call. (Operator Instructions) As a reminder, today's conference call is being recorded.
I would now like to turn the conference over to your host for today's call, Ms. Mona Qiao. Please proceed, Mona.
Thank you, operator, and thank you, everyone, for joining So-Young's second quarter 2025 earnings conference call. Joining me today on the call is Mr. Xing Jin, our Co-Founder, Chairman, and CEO; and Mr. Nick Zhao, CFO.
Before we begin, please refer to the Safe Harbor segment in our earnings release, which applies today's call as we'll be making forward-looking statements. Please also note that we will discuss GAAP measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under GAAP in our earnings release on our Investor Relations website and filings with SEC.
At this time, I'd like to turn the call over to Mr. Xing Jin.
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