So-Young International Inc. (SY)

So-Young International Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	386.81	418.21	587.75	426.12	694.42	1,332
Short-Term Investments	410.65	453.47	599.04	900.82	875.96	408.95
Cash & Short-Term Investments	797.46	871.69	1,187	1,327	1,570	1,741
Cash Growth	-21.82%	-26.55%	-10.56%	-15.50%	-9.80%	-34.41%
Accounts Receivable	43.42	51.53	98.77	57.22	36.01	54.83
Other Receivables	18.86	17.07	25.47	32.37	48.17	32.9
Total Trade Receivables	62.28	68.6	124.25	89.59	84.18	87.73
Inventory	262.56	233.39	151.75	118.92	120.48	91.81
Other Current Assets	366.34	310.92	261.57	186.47	141.8	106.96
Total Current Assets	1,489	1,485	1,724	1,722	1,917	2,027
Net Property, Plant & Equipment	560.61	545.2	318.12	235.19	179.08	220.19
Other Intangible Assets	139.82	144.1	126.62	145.25	169.28	193.96
Goodwill	0.68	0.68	0.68	540.69	540.69	540.69
Long-Term Investments	274.18	274.75	280.28	261.02	227.96	252.5
Other Long-Term Assets	200.89	200.31	285.1	310.49	164.03	95.62
Total Assets	2,665	2,650	2,735	3,215	3,198	3,330

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	0.55	0.62	0.48	0.39	5.9	0.68
Accrued Expenses	597.26	601.14	438.47	377.1	371.7	529.04
Short-Term Debt	119.75	39.81	69.77	29.83	-	-
Current Portion of Leases	78.37	76.54	44.91	29.74	50.29	43.53
Unearned Revenue	64.56	65.95	76.58	103.37	110.16	139.16
Total Current Liabilities	860.5	784.05	630.21	540.42	538.04	712.4
Long-Term Leases	182.3	183.36	125.2	86.21	20.97	62.36
Other Long-Term Liabilities	13.19	13.4	21.02	26.62	30.99	38.58
Total Long-Term Liabilities	195.49	196.76	146.22	112.83	51.97	100.93
Total Liabilities	1,056	980.82	776.43	653.25	590.01	813.33

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.29	0.29	0.29	0.28	0.27	0.27
Treasury Stock	-391.94	-391.94	-376.69	-358.45	-232.84	-217.71
Additional Paid-in Capital	3,062	3,060	3,070	3,080	3,044	3,000
Accumulated Other Comprehensive Income	0.94	13.34	31.56	18.19	4.11	-83.89
Retained Earnings	-1,177	-1,128	-885.84	-296.31	-317.59	-252.04
Total Common Shareholders' Equity	1,494	1,553	1,839	2,444	2,498	2,446
Minority Interest	114.48	115.51	119.61	117.19	109.94	70.85
Shareholders' Equity	1,609	1,669	1,959	2,561	2,608	2,517
Total Liabilities & Equity	2,665	2,650	2,735	3,215	3,198	3,330

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	380.42	299.71	239.88	145.77	71.26	105.89
Net Cash (Debt)	417.04	571.97	946.91	1,181	1,499	1,635
Net Cash Growth	-46.03%	-39.60%	-19.83%	-21.21%	-8.31%	-35.16%
Net Cash Per Share	4.13	5.65	9.18	11.64	13.95	15.40
Book Value	1,494	1,553	1,839	2,444	2,498	2,446
Book Value Per Share	14.81	15.35	17.82	24.09	23.24	23.04
Tangible Book Value	1,354	1,409	1,712	1,758	1,788	1,712
Tangible Book Value Per Share	13.41	13.92	16.59	17.33	16.64	16.12

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: May 23, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 2, 2026

Data Sources Report a data error