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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	690.19	817.4	836.89	1,513	3,138	5,727
Short-Term Investments	348.17	584.02	1,262	1,135	62.88	35.02
Cash & Short-Term Investments	1,038	1,401	2,099	2,648	3,201	5,762
Cash Growth	-20.67%	-33.23%	-20.72%	-17.28%	-44.45%	728.77%
Accounts Receivable	276.54	219.67	201.64	206.44	355.84	419.32
Other Receivables	-	107.22	104.39	75.11	95.96	106.85
Receivables	276.54	326.89	306.03	281.55	451.8	526.17
Inventory	479.66	386.05	352.09	423.29	695.76	616.81
Prepaid Expenses	-	159.24	110.71	103.75	130.06	133.58
Restricted Cash	119.04	-	21.25	-	-	6.36
Other Current Assets	452.24	74.06	62.5	52.17	77.36	43.56
Total Current Assets	2,366	2,348	2,952	3,508	4,556	7,089
Property, Plant & Equipment	251	221.87	179.23	208.62	668.28	822.01
Long-Term Investments	666.89	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	555.57	559.71	671.4	689.67	745.85	189.09
Long-Term Deferred Tax Assets	1.45	1.38	1.38	1.95	2	0.6
Other Long-Term Assets	25	17.84	18	76.17	68.42	152.06
Total Assets	4,021	3,971	5,006	5,863	7,272	8,308
Accounts Payable	293.47	100.97	115.12	147.09	254.78	466.71
Accrued Expenses	383.48	289.86	330.62	251.03	255.31	302.85
Current Portion of Leases	52.28	39.41	45.46	79.59	214.84	215.3
Current Income Taxes Payable	16.23	20.09	17.95	21.83	16.75	18.69
Current Unearned Revenue	26.56	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	772.02	640.19	611.33	588.41	877.58	1,131
Long-Term Leases	127.7	109.53	67.77	53	206.3	311.91
Long-Term Unearned Revenue	2.67	14.83	30.56	45.28	56.18	-
Long-Term Deferred Tax Liabilities	105.25	103.31	111.59	113.44	124.45	1.56
Total Liabilities	1,008	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	12,289	12,274	12,260	12,039	11,698	11,166
Retained Earnings	-8,118	-8,029	-7,321	-6,576	-5,761	-4,220
Treasury Stock	-1,243	-1,276	-864.57	-669.15	-22.33	-0.01
Comprehensive Income & Other	89.68	86.87	60.2	-74.2	-255.78	-97.27
Total Common Equity	3,018	3,055	4,135	4,719	5,659	6,849
Minority Interest	-5.28	47.69	49.74	343.08	348.31	15.08
Shareholders' Equity	3,013	3,103	4,185	5,063	6,007	6,864
Total Liabilities & Equity	4,021	3,971	5,006	5,863	7,272	8,308
Total Debt	179.97	148.94	113.23	132.58	421.15	527.21
Net Cash (Debt)	858.39	1,252	1,986	2,515	2,780	5,235
Net Cash Growth	-27.16%	-36.93%	-21.04%	-9.52%	-46.90%	1116.57%
Net Cash Per Share	9.16	12.37	18.09	21.20	22.00	125.58
Filing Date Shares Outstanding	94	91.86	107.24	128.68	127.36	126.32
Total Common Shares Outstanding	94	91.76	107.71	111.81	126.34	126.32
Working Capital	1,594	1,707	2,340	2,920	3,678	5,958
Book Value Per Share	32.11	33.30	38.39	42.21	44.79	54.21
Tangible Book Value	2,308	2,341	2,907	3,173	4,044	6,639
Tangible Book Value Per Share	24.55	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 Nov 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q