So-Young International Inc. reported total revenues of RMB297.3 million (US$41.0 million) for the first quarter ended March 31, 2025, a 6.6% decrease from RMB318.3 million in the same period of 2024. The company recorded a net loss attributable to shareholders of RMB33.1 million (US$4.6 million), compared to a net loss of RMB21.2 million in Q1 2024.
The branded aesthetic centers continued to show strong performance, with aesthetic treatment services revenues generating triple-digit year-over-year growth. As of March 31, 2025, So-Young operated 23 aesthetic centers, with 15 centers in the growth phase contributing RMB75.860 million in revenue and 4 mature centers contributing RMB21.553 million.
For the second quarter of 2025, So-Young expects aesthetic treatment services revenues to be between RMB120.0 million and RMB140.0 million, representing a substantial 337.3% to 410.1% increase from the same period in 2024. The company's cash and cash equivalents, restricted cash, and short-term investments totaled RMB1,106.2 million as of March 31, 2025.
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