Q1 2026 So-Young International Inc Earnings Call Transcript

May 22, 2026 / 11:30 AM GMT

Release Date Price: $2.23 (-16.48%)

Transcript

Key Points

Positve

Total revenue for Q1 2026 reached 433 million RMB, marking a 46% year-over-year increase.
Revenue from the aesthetic center business surged by 186% year-over-year, reaching 282 million RMB.
The company expanded its clinic footprint, adding 10 new centers, bringing the total to 59 centers.
Operational efficiency improved, with 41 centers becoming profitable and 48 centers generating positive cash flow.
The company launched successful marketing campaigns, including partnerships with Disney and endorsements by popular actresses, enhancing brand visibility and customer engagement.

Negative

Information and reservation services revenue decreased by 30% year-over-year.
Other services revenue fell by 39.3% year-over-year, primarily due to lower insurance brokerage revenue.
The company reported a net loss of 49.2 million RMB, compared to a loss of 33.1 million RMB in the prior year period.
Cash and cash equivalents decreased from 936.4 million RMB at year-end 2025 to 880 million RMB as of March 31, 2026.
Sales and marketing expenses increased by 33.7% year-over-year, driven by higher branding and user acquisition costs.

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

SY.OQ - So-Young International Inc
Q1 2026 So-Young International Inc Earnings Call
May 22, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by for So Young's first quarter 2026 earnings conference call.

At this time, all participants are in listen-only mode.

After management give their prepared remarks, there will be a question-and-answer session.

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

I would now like to turn the meeting over to your host for today's call, Ms. Mona Xiao.

Please proceed, Mona.

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Unidentified_2 [2]
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Thank you, operator, and thank you everyone for joining

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