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So-Young International Inc. (SY)
NASDAQ: SY · Real-Time Price · USD
2.750
-0.030 (-1.08%)
At close: Sep 18, 2026, 4:00 PM EDT
2.740
-0.010 (-0.36%)
After-hours: Sep 18, 2026, 7:30 PM EDT

So-Young International Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,6591,5231,4671,4981,2581,692
Revenue Growth
14.75%3.87%-2.09%19.09%-25.68%30.69%
Gross Profit
763.61727.69899.11953.69864.581,365
Operating Income
-280.95-266.47-84.48-61.05-102.8133.31
Net Income
-258.34-242.3-589.5321.28-65.55-8.37
Earnings Per Share
-2.56-2.39-5.720.21-0.61-0.08
EPS Growth
------

Revenue by Segment
Chart
Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Aesthetic Treatment Services Group
674.9169.2612.96--
Platform Service Group
499.69736.61889.91--
Wuhan Miracle
200.36269.55268.76242.34111.96
Others
166.23292.7327.72--
Elimination
-17.77-1.43-1.31-1.64-
Total
1,5231,4671,4981,2581,692

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
797.46871.691,1871,3271,5701,741
Total Debt
380.42299.71239.88145.7771.26105.89
Net Cash (Debt)
417.04571.97946.911,1811,4991,635
Net Cash Growth
-46.03%-39.60%-19.83%-21.21%-8.31%-35.16%
Net Cash Per Share
4.135.659.1811.7013.9515.40

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
--105.39-25.6322.5-112.8784.29
Capital Expenditures
--196.62-62.55-51.18-15.71-45.06
Free Cash Flow
--302.01-88.18-28.68-128.5839.23
Free Cash Flow Growth
------72.41%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
46.03%47.77%61.30%63.66%68.73%80.63%
Operating Margin
-16.93%-17.49%-5.76%-4.08%-8.17%1.97%
Pretax Margin
-15.81%-16.16%-40.10%0.53%-6.92%-0.97%
Profit Margin
-15.57%-15.90%-40.19%1.42%-5.21%-0.50%
FCF Margin
--19.82%-6.01%-1.91%-10.22%2.32%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
---42.33--
Forward PE
-49.686.009.0365.3710.14
P/FCF Ratio
-----54.16
PS Ratio
1.151.170.420.600.751.26