So-Young International Inc. (SY)

So-Young International Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	418.21	587.75	426.12	694.42	1,332
Short-Term Investments	453.47	599.04	900.82	875.96	408.95
Cash & Short-Term Investments	871.69	1,187	1,327	1,570	1,741
Cash Growth	-26.55%	-10.56%	-15.50%	-9.80%	-34.41%
Accounts Receivable	67.83	123.03	80.38	50.79	73.69
Other Receivables	0.77	30.87	32.19	20.58	7.64
Receivables	68.6	226.25	200.78	170.29	110.45
Inventory	233.39	151.75	118.92	120.48	91.81
Prepaid Expenses	-	40.75	48.23	32.45	50.23
Restricted Cash	64.68	66.37	14.7	14.91	15.12
Other Current Assets	246.24	52.45	12.36	8.33	18.9
Total Current Assets	1,485	1,724	1,722	1,917	2,027
Property, Plant & Equipment	545.2	318.12	235.19	179.08	220.19
Long-Term Investments	274.75	280.28	261.02	227.96	252.5
Goodwill	0.68	0.68	540.69	540.69	540.69
Other Intangible Assets	144.1	126.62	145.25	169.28	193.96
Long-Term Deferred Tax Assets	69.31	84.95	78.03	64.74	47.52
Other Long-Term Assets	131	128.8	174.42	99.29	48.1
Total Assets	2,650	2,735	3,215	3,198	3,330
Accounts Payable	-	20.31	10.57	13.2	18.84
Accrued Expenses	558.3	211.38	181.52	175.71	203.54
Short-Term Debt	39.81	69.77	29.83	-	-
Current Portion of Leases	76.54	44.91	29.74	50.29	43.53
Current Income Taxes Payable	43.46	18	17.18	30.67	26.69
Current Unearned Revenue	65.95	190.37	195.21	181.67	190.26
Other Current Liabilities	-	75.48	76.38	86.51	229.54
Total Current Liabilities	784.05	630.21	540.42	538.04	712.4
Long-Term Leases	183.36	125.2	86.21	20.97	62.36
Long-Term Deferred Tax Liabilities	10.62	19.76	25.08	30.99	38.58
Other Long-Term Liabilities	2.78	1.26	1.54	-	-
Total Liabilities	980.82	776.43	653.25	590.01	813.33
Common Stock	0.29	0.29	0.28	0.27	0.27
Additional Paid-In Capital	3,060	3,070	3,080	3,044	3,000
Retained Earnings	-1,128	-885.84	-296.31	-317.59	-252.04
Treasury Stock	-391.94	-376.69	-358.45	-232.84	-217.71
Comprehensive Income & Other	13.34	31.56	18.19	4.11	-83.89
Total Common Equity	1,553	1,839	2,444	2,498	2,446
Minority Interest	115.51	119.61	117.19	109.94	70.85
Shareholders' Equity	1,669	1,959	2,561	2,608	2,517
Total Liabilities & Equity	2,650	2,735	3,215	3,198	3,330
Total Debt	299.71	239.88	145.77	71.26	105.89
Net Cash (Debt)	571.97	946.91	1,181	1,499	1,635
Net Cash Growth	-39.60%	-19.83%	-21.21%	-8.31%	-35.16%
Net Cash Per Share	5.65	9.18	11.64	13.95	15.40
Filing Date Shares Outstanding	100.22	100.69	102.01	101.58	106.45
Total Common Shares Outstanding	100.22	100.96	98.05	105.1	105.42
Working Capital	700.54	1,094	1,182	1,379	1,315
Book Value Per Share	15.50	18.22	24.93	23.77	23.20
Tangible Book Value	1,409	1,712	1,758	1,788	1,712
Tangible Book Value Per Share	14.05	16.96	17.93	17.01	16.24
Buildings	-	99.17	99.17	99.17	99.17
Machinery	-	75.4	57.13	37.65	24.25
Leasehold Improvements	-	74.28	32.8	32.69	32.72

Updated Mar 25, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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