Yatsen Holding Limited (YSG)

Yatsen Holding 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	953.54	817.4	836.89	1,513	3,138	5,727
Short-Term Investments	350.77	584.02	1,262	1,135	62.88	35.02
Cash & Short-Term Investments	1,304	1,401	2,099	2,648	3,201	5,762
Cash Growth	-17.47%	-33.23%	-20.72%	-17.28%	-44.45%	728.77%
Accounts Receivable	227.46	219.67	201.64	206.44	355.84	419.32
Other Receivables	-	107.22	104.39	75.11	95.96	106.85
Receivables	227.46	326.89	306.03	281.55	451.8	526.17
Inventory	392.32	386.05	352.09	423.29	695.76	616.81
Prepaid Expenses	-	159.24	110.71	103.75	130.06	133.58
Restricted Cash	47.05	-	21.25	-	-	6.36
Other Current Assets	403.31	74.06	62.5	52.17	77.36	43.56
Total Current Assets	2,374	2,348	2,952	3,508	4,556	7,089
Property, Plant & Equipment	244.86	221.87	179.23	208.62	668.28	822.01
Long-Term Investments	662.96	664.58	618.75	502.58	350.38	34.86
Goodwill	155.03	155.03	556.57	857.15	869.42	20.6
Other Intangible Assets	579.73	559.71	671.4	689.67	745.85	189.09
Long-Term Deferred Tax Assets	1.5	1.38	1.38	1.95	2	0.6
Other Long-Term Assets	24.74	17.84	18	76.17	68.42	152.06
Total Assets	4,043	3,971	5,006	5,863	7,272	8,308
Accounts Payable	189.36	100.97	115.12	147.09	254.78	466.71
Accrued Expenses	384.32	289.86	330.62	251.03	255.31	302.85
Current Portion of Leases	48.69	39.41	45.46	79.59	214.84	215.3
Current Income Taxes Payable	17.1	20.09	17.95	21.83	16.75	18.69
Current Unearned Revenue	18.99	19.57	41.58	16.65	20.68	6.23
Other Current Liabilities	-	170.28	60.6	72.23	115.22	120.91
Total Current Liabilities	658.45	640.19	611.33	588.41	877.58	1,131
Long-Term Leases	130.52	109.53	67.77	53	206.3	311.91
Long-Term Unearned Revenue	6.71	14.83	30.56	45.28	56.18	-
Long-Term Deferred Tax Liabilities	108.66	103.31	111.59	113.44	124.45	1.56
Total Liabilities	904.35	867.85	821.24	800.13	1,265	1,444
Common Stock	0.17	0.17	0.17	0.17	0.17	0.17
Additional Paid-In Capital	12,280	12,274	12,260	12,039	11,698	11,166
Retained Earnings	-8,052	-8,029	-7,321	-6,576	-5,761	-4,220
Treasury Stock	-1,247	-1,276	-864.57	-669.15	-22.33	-0.01
Comprehensive Income & Other	112.45	86.87	60.2	-74.2	-255.78	-97.27
Total Common Equity	3,093	3,055	4,135	4,719	5,659	6,849
Minority Interest	45.58	47.69	49.74	343.08	348.31	15.08
Shareholders' Equity	3,139	3,103	4,185	5,063	6,007	6,864
Total Liabilities & Equity	4,043	3,971	5,006	5,863	7,272	8,308
Total Debt	179.21	148.94	113.23	132.58	421.15	527.21
Net Cash (Debt)	1,125	1,252	1,986	2,515	2,780	5,235
Net Cash Growth	-22.11%	-36.93%	-21.04%	-9.52%	-46.90%	1116.57%
Net Cash Per Share	11.83	12.37	18.09	21.20	22.00	125.58
Filing Date Shares Outstanding	93.85	91.86	107.24	128.68	127.36	126.32
Total Common Shares Outstanding	93.85	91.76	107.71	111.81	126.34	126.32
Working Capital	1,716	1,707	2,340	2,920	3,678	5,958
Book Value Per Share	32.96	33.30	38.39	42.21	44.79	54.21
Tangible Book Value	2,359	2,341	2,907	3,173	4,044	6,639
Tangible Book Value Per Share	25.13	25.51	26.99	28.37	32.01	52.55
Machinery	-	80.01	63.82	63.25	87.43	55.9
Construction In Progress	-	0.01	31.39	1.79	0.06	2.78
Leasehold Improvements	-	114.32	131.59	149.47	340.97	305.96

Updated Aug 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q