Yatsen Holding Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	710.29	765.38	817.4	836.89	1,513	3,138
Short-Term Investments	340.55	295.95	584.02	1,262	1,135	62.88
Cash & Short-Term Investments	1,051	1,061	1,401	2,099	2,648	3,201
Cash Growth	-19.43%	-24.27%	-33.23%	-20.72%	-17.28%	-44.45%
Accounts Receivable	216.79	220.87	219.67	201.64	206.44	355.84
Other Receivables	-	143.14	107.22	104.39	75.11	95.96
Receivables	216.79	381.4	345.49	306.03	281.55	451.8
Inventory	554.57	508.73	386.05	352.09	423.29	695.76
Prepaid Expenses	-	178.56	159.24	110.71	103.75	130.06
Restricted Cash	4.67	42.12	-	21.25	-	-
Other Current Assets	411.66	62.06	55.46	62.5	52.17	77.36
Total Current Assets	2,239	2,234	2,348	2,952	3,508	4,556
Property, Plant & Equipment	247.75	250.93	221.87	179.23	208.62	668.28
Long-Term Investments	765.58	653.56	664.58	618.75	502.58	350.38
Goodwill	155.03	155.03	155.03	556.57	857.15	869.42
Other Intangible Assets	491.16	537.51	559.71	671.4	689.67	745.85
Long-Term Deferred Tax Assets	0.69	1.44	1.38	1.38	1.95	2
Other Long-Term Assets	25.94	14.33	17.84	18	76.17	68.42
Total Assets	3,925	3,847	3,971	5,006	5,863	7,272

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	194.03	170.63	100.97	115.12	147.09	254.78
Accrued Expenses	304.37	266.75	289.86	330.62	251.03	255.31
Current Portion of Leases	61.26	53.44	39.41	45.46	79.59	214.84
Current Income Taxes Payable	13.78	13.69	20.09	17.95	21.83	16.75
Current Unearned Revenue	32.07	28.82	19.57	41.58	16.65	20.68
Other Current Liabilities	-	81.95	170.28	60.6	72.23	115.22
Total Current Liabilities	605.5	615.28	640.19	611.33	588.41	877.58
Long-Term Leases	127.79	123.16	109.53	67.77	53	206.3
Long-Term Unearned Revenue	-	-	14.83	30.56	45.28	56.18
Long-Term Deferred Tax Liabilities	112.34	107.91	103.31	111.59	113.44	124.45
Total Liabilities	1,254	846.34	867.85	821.24	800.13	1,265

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	0.17	0.17	0.17	0.17	0.17	0.17
Additional Paid-In Capital	12,178	12,296	12,274	12,260	12,039	11,698
Retained Earnings	-8,261	-8,110	-8,029	-7,321	-6,576	-5,761
Treasury Stock	-1,276	-1,251	-1,276	-864.57	-669.15	-22.33
Comprehensive Income & Other	27.79	74.76	86.87	60.2	-74.2	-255.78
Total Common Equity	2,669	3,011	3,055	4,135	4,719	5,659
Minority Interest	1.34	-9.96	47.69	49.74	343.08	348.31
Shareholders' Equity	2,670	3,001	3,103	4,185	5,063	6,007
Total Liabilities & Equity	3,925	3,847	3,971	5,006	5,863	7,272

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	597.7	176.59	148.94	113.23	132.58	421.15
Net Cash (Debt)	453.13	884.73	1,252	1,986	2,515	2,780
Net Cash Growth	-59.72%	-29.36%	-36.93%	-21.04%	-9.52%	-46.90%
Net Cash Per Share	4.83	9.50	12.37	18.09	21.20	22.00
Filing Date Shares Outstanding	93.8	93.87	91.86	107.24	128.68	127.36
Total Common Shares Outstanding	93.8	93.86	91.76	107.71	111.81	126.34
Working Capital	1,633	1,619	1,707	2,340	2,920	3,678
Book Value Per Share	28.45	32.07	33.30	38.39	42.21	44.79
Tangible Book Value	2,023	2,318	2,341	2,907	3,173	4,044
Tangible Book Value Per Share	21.57	24.70	25.51	26.99	28.37	32.01
Machinery	-	74.42	80.01	63.82	63.25	87.43
Construction In Progress	-	12.25	0.01	31.39	1.79	0.06
Leasehold Improvements	-	93.9	114.32	131.59	149.47	340.97

SEC Filings: 10-K · 10-Q