So-Young International Inc (NAS:SY)

Q3 2025 So-Young International Inc Earnings Call Transcript

Nov 17, 2025 / 12:00 PM GMT

Release Date Price: $3.36 (-8.45%)

Transcript

Key Points

Positve

So-Young International Inc (SY) reported a significant increase in revenue from its aesthetic center business, up 305% year over year.
The company successfully expanded its network to 42 centers, with plans to reach 50 by year-end, demonstrating strong growth momentum.
Operational efficiency improved, with 20 centers achieving profitability and 29 centers generating positive cash flow in Q3.
The membership system upgrade led to a 40% increase in core members, contributing significantly to revenue.
The launch of Miracle PLLA version 3 was well-received, with the first batch selling out quickly, indicating strong market demand.

Negative

Net loss attributable to So-Young International Inc (SY) increased, primarily due to a decrease in revenue from non-aesthetic center businesses.
Revenues from information and reservation services and sales of medical products declined significantly year over year.
Total operating expenses increased by 13.6% year over year, driven by higher sales and marketing expenses.
The company faced a decrease in the number of medical service providers subscribing to its platform, impacting revenue.
Despite revenue growth, the company reported a net loss, highlighting ongoing challenges in achieving profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SY.OQ - So-Young International Inc
Q3 2025 So-Young International Inc Earnings Call
Nov 17, 2025 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, thank you for standing by for So Young's 3rd quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After management gives their prepared remarks, there will be a question-and-answer session.

As a reminder, today's conference call is being recorded.

I will now like to turn the meeting over to your host for today's call, Miss Mona Chow. Please proceed, Mona.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you operator, and thank you everyone for joining's 3rd quarter 2025 earnings

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.