So-Young International Inc. (SY) — Financial statements
Income statement, balance sheet, and cash flow for So-Young International Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,482↑1.0% | 1,467↓2.1% | 1,498↑19.1% | 1,258↓25.7% | 1,692 | |
| Cost of Revenue | 774↑36.4% | 568↑4.3% | 544↑38.4% | 393↑19.9% | 328 | |
| Gross Profit | 708↓21.3% | 899↓5.7% | 954↑10.3% | 865↓36.6% | 1,365 | |
| Operating Expenses | ||||||
| R&D Expenses | 133↓19.2% | 165↓18.9% | 204↓13.4% | 235↓18.0% | 287 | |
| General & Administrative Expenses | 0.00↓100.0% | 324↑11.5% | 291↑11.7% | 260↑3.2% | 252 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 494↓5.0% | 520↑10.2% | 472↓40.4% | 792 | |
| SG&A Expenses | 834↑1.9% | 819↑0.9% | 811↑10.8% | 732↓29.9% | 1,045 | |
| Other Expenses | 0.00↓100.0% | 540 | 0.00 | 0.00↓100.0% | 66 | |
| Operating Expenses | 967↓36.5% | 1,524↑50.1% | 1,015↑4.9% | 967↓30.8% | 1,397 | |
| Total Costs & Expenses | 1,741↓16.7% | 2,091↑34.1% | 1,559↑14.6% | 1,361↓21.1% | 1,725 | |
| Operating Results | ||||||
| Operating Income | -259↑58.5% | -624↓923.0% | -61↑40.6% | -103↓215.6% | -33 | |
| Depreciation & Amortization | 0.00↓100.0% | 46↑0.0% | 46↓2.1% | 47↑56.5% | 30 | |
| EBITDA | -259↓575.1% | -38↓156.7% | -15↑73.2% | -56↓187.9% | 63 | |
| EBIT | -259↓206.8% | -84↓38.4% | -61↑40.6% | -103↓408.6% | 33 | |
| Interest & Other Income | ||||||
| Net Interest Income | 25↓47.1% | 47↓4.8% | 49↑69.1% | 29↑49.4% | 19 | |
| Interest Income | 25↓47.1% | 47↓4.8% | 49↑69.1% | 29↑49.4% | 19 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00↑100.0% | -540 | 0.00 | 0.00↑100.0% | -66 | |
| Other Income / Expenses | 20↓45.6% | 36↓47.2% | 69↑338.0% | 16↓2.7% | 16 | |
| Income Before Tax | -239↑59.3% | -588↓7573.5% | 8↑109.0% | -87↓430.8% | -16 | |
| Income Tax Expense | -0.77↑14.4% | -0.91↑95.0% | -18↑13.8% | -21↓198.7% | 21 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -239↑59.4% | -587↓2363.3% | 26↑139.2% | -66↓75.6% | -38 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -236↑60.0% | -590↓2870.3% | 21↑132.5% | -66↓683.1% | -8 | |
| Bottom-Line Net Income | -236↑60.0% | -590↓2870.3% | 21↑132.5% | -66↓683.1% | -8 | |
| EPS (Basic) | -1.78↑59.5% | -4.40↓2850.0% | 0.16↑133.3% | -0.48↓692.1% | -0.06 | |
| EPS (Diluted) | -1.78↑59.5% | -4.39↓2843.8% | 0.16↑133.3% | -0.48↓692.1% | -0.06 | |
| Weighted Average Shares | 132↓1.9% | 134↑0.7% | 133↓3.5% | 138↑0.0% | 138 | |
| Weighted Average Diluted Shares | 132↓1.9% | 134↑1.7% | 132↓4.4% | 138↑0.0% | 138 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.