Yatsen Holding Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	765.38	817.4	836.89	1,513	3,138
Short-Term Investments	246.01	539.13	1,218	1,073	-
Cash & Short-Term Investments	1,011	1,357	2,055	2,586	3,138
Cash Growth	-25.44%	-34.00%	-20.51%	-17.60%	-45.21%
Accounts Receivable	220.87	214.56	198.85	200.84	355.84
Other Receivables	0.11	9.11	20.2	5.65	0.06
Total Trade Receivables	220.98	223.67	219.05	206.5	355.9
Inventory	508.73	386.05	352.09	423.29	695.76
Other Current Assets	493.09	381.4	325.09	292.83	366.19
Total Current Assets	2,234	2,348	2,952	3,508	4,556
Net Property, Plant & Equipment	250.93	221.87	179.23	208.62	668.28
Other Intangible Assets	537.51	559.71	671.4	689.67	745.85
Goodwill	155.03	155.03	556.57	857.15	869.42
Long-Term Investments	653.56	664.58	618.75	502.58	350.38
Other Long-Term Assets	15.77	22.02	28.48	96.22	82.22
Total Assets	3,847	3,971	5,006	5,863	7,272
Accounts Payable	170.63	100.97	115.12	147.09	254.78
Accrued Expenses	348.7	460.14	391.22	323.26	370.53
Current Portion of Leases	53.44	39.41	45.46	79.59	214.84
Unearned Revenue	28.82	19.57	41.58	16.65	20.68
Other Current Liabilities	13.69	20.09	17.95	21.83	16.75
Total Current Liabilities	615.28	640.19	611.33	588.41	877.58
Long-Term Leases	123.16	109.53	67.77	53	206.3
Other Long-Term Liabilities	107.91	118.14	142.15	158.72	180.63
Total Long-Term Liabilities	231.06	227.66	209.91	211.72	386.93
Total Liabilities	846.34	867.85	821.24	800.13	1,265
Common Stock	0.17	0.17	0.17	0.17	0.17
Treasury Stock	-1,251	-1,276	-864.57	-669.15	-22.33
Additional Paid-in Capital	12,296	12,274	12,260	12,039	11,698
Accumulated Other Comprehensive Income	74.76	86.87	60.2	-74.2	-255.78
Retained Earnings	-8,110	-8,029	-7,321	-6,576	-5,761
Total Common Shareholders' Equity	3,011	3,055	4,135	4,719	5,659
Minority Interest	-9.96	47.69	49.74	343.08	348.31
Shareholders' Equity	3,001	3,103	4,185	5,063	6,007
Total Liabilities & Equity	3,847	3,971	5,006	5,863	7,272
Total Debt	176.59	148.94	113.23	132.58	421.15
Net Cash (Debt)	834.8	1,208	1,942	2,453	2,717
Net Cash Growth	-30.87%	-37.82%	-20.83%	-9.70%	-47.75%
Net Cash Per Share	8.96	11.93	17.69	20.68	21.50
Book Value	3,011	3,055	4,135	4,719	5,659
Book Value Per Share	32.33	30.18	37.66	39.78	44.79
Tangible Book Value	2,318	2,341	2,907	3,173	4,044
Tangible Book Value Per Share	24.89	23.12	26.48	26.74	32.01

Updated Mar 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q