So-Young International Inc
NASDAQ:SY
So-Young International Inc
So-Young International, Inc. engages in discovering, evaluating and reserving medical aesthetic services. The company is headquartered in Beijing, Beijing. The company went IPO on 2019-05-02. The firm operates through two segments: Information Services segment and Reservation Services segment.
So-Young International, Inc. engages in discovering, evaluating and reserving medical aesthetic services. The company is headquartered in Beijing, Beijing. The company went IPO on 2019-05-02. The firm operates through two segments: Information Services segment and Reservation Services segment.
Revenue Beat: Total Q3 revenue was RMB 386.7 million, up 4% year-over-year and about 8% above the high end of guidance.
Core Business Growth: Branded aesthetic center revenue surged 305% year-over-year to RMB 184 million, further strengthening its role as the company's growth engine.
Profitability: Net loss attributable to So-Young was RMB 64.3 million, a swing from net income of RMB 20.3 million last year; management attributed this to a revenue drop in non-core businesses.
Guidance Raised: Q4 treatment services revenue is expected to reach RMB 216–226 million, representing 166–178% growth year-over-year.
Clinic Expansion: The company now operates 42 centers and aims to reach 50 by year-end, with plans for at least 35 new centers in 2026.
Membership & Retention: Core members rose 40% quarter-over-quarter, accounting for a high share of revenue and nearly 70% repurchase rate.
Product Innovation: The launch of Miracle PLLA version 3 generated strong demand, with the first 5,000 units selling out quickly.
