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BEIJING - On Friday, So-Young International Inc. (NASDAQ:SY), China’s leading aesthetic treatment platform, reported a decline in first quarter revenue and widening losses as it continues to invest in its offline aesthetic center business.
The company’s shares edged 0.12% lower in pre-market trading following the earnings release.
The company reported revenue of RMB297.3 million ($41.0 million) for Q1 2025, down 6.6% year-over-year and at the high end of its previous guidance range. Non-GAAP net loss attributable to So-Young widened to RMB31.5 million ($4.3 million), compared to non-GAAP net income of RMB4.1 million in Q1 2024.
So-Young’s aesthetic treatment services revenue surged 551.4% YoY to RMB98.8 million, driven by the expansion of its branded aesthetic centers. However, this was offset by a 34.1% decline in information and reservation services revenue to RMB142.9 million.
"Our branded aesthetic centers continue to generate strong growth momentum, achieving triple-digit year-over-year revenue growth," said Xing Jin, Co-Founder and CEO of So-Young. "We remain focused on expanding the density of our aesthetic centers to deliver high-quality, cost-effective, and reliable medical aesthetic solutions to more consumers."
For Q2 2025, So-Young expects aesthetic treatment services revenue between RMB120.0-140.0 million, representing 337.3% to 410.1% YoY growth.
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