Overview

* So-Young Q2 2025 rev falls 7% yr/yr to RMB378.7 mln

* Aesthetic treatment services rev rises 426.1% due to center expansion

* Company reports Q2 net loss of RMB34.8 mln, compared to net income last year

Outlook

* Company expects Q3 aesthetic treatment revenue between RMB150 mln and RMB170 mln

* So-Young ( SY ) projects 230.5% to 274.6% revenue growth in Q3 aesthetic services

* Company aims to operate 50 aesthetic centers by year-end

* So-Young ( SY ) focuses on expanding aesthetic center network for long-term growth

Result Drivers

* CENTER EXPANSION - Revenue from aesthetic treatment services rose 426.1% due to expansion of branded aesthetic centers

* DECLINE IN SUBSCRIPTIONS - Total revenue fell 7% as fewer medical service providers subscribed to information services

* COST INCREASE - Costs rose due to business expansion of branded aesthetic centers, impacting net loss

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 RMB

Revenue 378.75

mln

Q2 Net -RMB

Income 34.80

mln

Q2 Gross RMB

Profit 194.19

mln

Q2 -RMB

Operatin 241.30

g mln

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy."

* Wall Street's median 12-month price target for So-Young International Inc ( SY ) is $7.80, about 37.9% above its August 14 closing price of $4.84

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)