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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	380.91	587.75	426.12	694.42	1,332	1,127
Short-Term Investments	532.7	599.04	900.82	875.96	408.95	1,527
Cash & Short-Term Investments	913.6	1,187	1,327	1,570	1,741	2,654
Cash Growth	-21.37%	-10.56%	-15.50%	-9.80%	-34.41%	-6.13%
Accounts Receivable	101.42	123.03	80.38	50.79	73.69	69.05
Other Receivables	2.62	30.87	32.19	20.58	7.64	8.93
Receivables	104.04	226.25	200.78	170.29	110.45	85.39
Inventory	242.42	151.75	118.92	120.48	91.81	-
Prepaid Expenses	-	40.75	48.23	32.45	50.23	34.13
Restricted Cash	85	66.37	14.7	14.91	15.12	21.87
Other Current Assets	250.56	52.45	12.36	8.33	18.9	0.49
Total Current Assets	1,596	1,724	1,722	1,917	2,027	2,796
Property, Plant & Equipment	392.93	318.12	235.19	179.08	220.19	149.97
Long-Term Investments	277.64	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	126.56	126.62	145.25	169.28	193.96	60.03
Long-Term Deferred Tax Assets	83.81	84.95	78.03	64.74	47.52	55.52
Other Long-Term Assets	172.94	128.8	174.42	99.29	48.1	15.88
Total Assets	2,650	2,735	3,215	3,198	3,330	3,292
Accounts Payable	-	20.31	10.57	13.2	18.84	-
Accrued Expenses	389.69	211.38	181.52	175.71	203.54	241.03
Short-Term Debt	59.8	69.77	29.83	-	-	-
Current Portion of Leases	58.65	44.91	29.74	50.29	43.53	39.47
Current Income Taxes Payable	46.62	18	17.18	30.67	26.69	38.28
Current Unearned Revenue	70.36	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	625.12	630.21	540.42	538.04	712.4	570.87
Long-Term Leases	145.24	125.2	86.21	20.97	62.36	93.04
Long-Term Deferred Tax Liabilities	17.97	19.76	25.08	30.99	38.58	8.52
Other Long-Term Liabilities	1.74	1.26	1.54	-	-	-
Total Liabilities	790.07	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	3,058	3,070	3,080	3,044	3,000	2,892
Retained Earnings	-955.02	-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	27.98	31.56	18.19	4.11	-83.89	-52.49
Total Common Equity	1,739	1,839	2,444	2,498	2,446	2,596
Minority Interest	120.84	119.61	117.19	109.94	70.85	23.21
Shareholders' Equity	1,860	1,959	2,561	2,608	2,517	2,620
Total Liabilities & Equity	2,650	2,735	3,215	3,198	3,330	3,292
Total Debt	263.69	239.88	145.77	71.26	105.89	132.51
Net Cash (Debt)	649.92	946.91	1,181	1,499	1,635	2,522
Net Cash Growth	-33.70%	-19.83%	-21.21%	-8.31%	-35.16%	-5.52%
Net Cash Per Share	6.35	9.18	11.64	13.95	15.40	23.15
Filing Date Shares Outstanding	99.32	100.69	102.01	101.58	106.45	106.88
Total Common Shares Outstanding	99.32	100.96	98.05	105.1	105.42	106.88
Working Capital	970.48	1,094	1,182	1,379	1,315	2,225
Book Value Per Share	17.51	18.22	24.93	23.77	23.20	24.29
Tangible Book Value	1,612	1,712	1,758	1,788	1,712	2,488
Tangible Book Value Per Share	16.23	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q