So-Young International Inc. (SY)

So-Young International Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	333.37	587.75	426.12	694.42	1,332	1,127
Short-Term Investments	541.87	599.04	900.82	875.96	408.95	1,527
Cash & Short-Term Investments	875.25	1,187	1,327	1,570	1,741	2,654
Cash Growth	-23.79%	-10.56%	-15.50%	-9.80%	-34.41%	-6.13%
Accounts Receivable	92.15	123.03	80.38	50.79	73.69	69.05
Other Receivables	0.15	30.87	32.19	20.58	7.64	8.93
Receivables	92.3	226.25	200.78	170.29	110.45	85.39
Inventory	193.95	151.75	118.92	120.48	91.81	-
Prepaid Expenses	-	40.75	48.23	32.45	50.23	34.13
Restricted Cash	67.58	66.37	14.7	14.91	15.12	21.87
Other Current Assets	251.27	52.45	12.36	8.33	18.9	0.49
Total Current Assets	1,480	1,724	1,722	1,917	2,027	2,796
Property, Plant & Equipment	489.98	318.12	235.19	179.08	220.19	149.97
Long-Term Investments	277.06	280.28	261.02	227.96	252.5	166.1
Goodwill	0.68	0.68	540.69	540.69	540.69	48.5
Other Intangible Assets	131.51	126.62	145.25	169.28	193.96	60.03
Long-Term Deferred Tax Assets	84.61	84.95	78.03	64.74	47.52	55.52
Other Long-Term Assets	179.94	128.8	174.42	99.29	48.1	15.88
Total Assets	2,644	2,735	3,215	3,198	3,330	3,292
Accounts Payable	-	20.31	10.57	13.2	18.84	-
Accrued Expenses	449.62	211.38	181.52	175.71	203.54	241.03
Short-Term Debt	39.86	69.77	29.83	-	-	-
Current Portion of Leases	65.77	44.91	29.74	50.29	43.53	39.47
Current Income Taxes Payable	41.58	18	17.18	30.67	26.69	38.28
Current Unearned Revenue	75.79	190.37	195.21	181.67	190.26	174.76
Other Current Liabilities	-	75.48	76.38	86.51	229.54	77.34
Total Current Liabilities	672.61	630.21	540.42	538.04	712.4	570.87
Long-Term Leases	159.97	125.2	86.21	20.97	62.36	93.04
Long-Term Deferred Tax Liabilities	18	19.76	25.08	30.99	38.58	8.52
Other Long-Term Liabilities	2.24	1.26	1.54	-	-	-
Total Liabilities	852.81	776.43	653.25	590.01	813.33	672.44
Common Stock	0.29	0.29	0.28	0.27	0.27	0.26
Additional Paid-In Capital	3,061	3,070	3,080	3,044	3,000	2,892
Retained Earnings	-1,019	-885.84	-296.31	-317.59	-252.04	-243.67
Treasury Stock	-391.94	-376.69	-358.45	-232.84	-217.71	-
Comprehensive Income & Other	20.87	31.56	18.19	4.11	-83.89	-52.49
Total Common Equity	1,671	1,839	2,444	2,498	2,446	2,596
Minority Interest	120.77	119.61	117.19	109.94	70.85	23.21
Shareholders' Equity	1,791	1,959	2,561	2,608	2,517	2,620
Total Liabilities & Equity	2,644	2,735	3,215	3,198	3,330	3,292
Total Debt	265.59	239.88	145.77	71.26	105.89	132.51
Net Cash (Debt)	609.65	946.91	1,181	1,499	1,635	2,522
Net Cash Growth	-31.77%	-19.83%	-21.21%	-8.31%	-35.16%	-5.52%
Net Cash Per Share	6.00	9.18	11.64	13.95	15.40	23.15
Filing Date Shares Outstanding	99.64	100.69	102.01	101.58	106.45	106.88
Total Common Shares Outstanding	99.64	100.96	98.05	105.1	105.42	106.88
Working Capital	807.74	1,094	1,182	1,379	1,315	2,225
Book Value Per Share	16.77	18.22	24.93	23.77	23.20	24.29
Tangible Book Value	1,538	1,712	1,758	1,788	1,712	2,488
Tangible Book Value Per Share	15.44	16.96	17.93	17.01	16.24	23.28
Buildings	-	99.17	99.17	99.17	99.17	-
Machinery	-	75.4	57.13	37.65	24.25	15.4
Leasehold Improvements	-	74.28	32.8	32.69	32.72	30.67

Updated Nov 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q