Yatsen Announces Third Quarter 2022 Financial Outcomes

November 22, 2022

Teleconference to Be Held at 7:30 A.M. United State Eastern Time on November 22, 2022

GUANGZHOU, China, Nov. 22, 2022/ PRNewswire/– Yatsen Holding Limited (” Yatsen” or the “Firm”) (NYSE: YSG), a leading Chinese appeal business, today revealed its unaudited monetary outcomes for the 3rd quarter finished September 30, 2022

3rd Quarter 2022 Emphasizes

  • Complete web incomes for the 3rd quarter of 2022 reduced by 36.1% to RMB857.9 million ( US$ 120.6 million) from RMB1.34 billion in the previous year duration.
  • Complete web incomes from Skin care Brands[1] for the 3rd quarter of 2022 raised by 33.0% to RMB269.4 million ( US$ 37.9 million) from RMB202.5 million in the previous year duration. As a portion of complete web incomes, complete web incomes from Skin care Brands for the 3rd quarter of 2022 raised to 31.4% from 15.1% in the previous year duration.
  • Gross margin for the 3rd quarter of 2022 was 68.9%, compared to 67.9% in the previous year duration.
  • Bottom line for the 3rd quarter of 2022 reduced by 41.7% to RMB210.7 million ( US$ 29.6 million) from RMB361.8 million in the previous year duration. Non-GAAP bottom line[2] for the 3rd quarter of 2022 reduced by 41.5% to RMB126.5 million ( US$ 17.8 million) from RMB216.3 million in the previous year duration.

Mr. Jinfeng Huang, Owner, Chairman as well as Ceo of Yatsen, mentioned “We began the year with a brand-new five-year tactical advancement strategy to drive our long-lasting as well as lasting development. In the 3rd quarter of 2022, we continued to be concentrated on constructing our brand names, raising functional performance, as well as purchasing R&D. Our Skin care Brands taped strong development in the 3rd quarter of 2022, amidst the softening appeal market as well as rebirth of COVID-19. We have actually likewise seen substantial enhancements in tightening bottom line as well as non-GAAP bottom line as we remained to apply our expense optimization strategy.”

” Our 3rd quarter outcomes show Yatsen’s development possibility as well as the durability of our organization version. We have actually taken actions to enhance the income mix as well as installed architectural performance right into our procedures, boosting our capability to provide on our tactical targets. Because of this, we have actually seen ongoing consecutive enhancements. The complete web incomes added by our Skin care Brands has actually gone beyond 30% of our complete web incomes for 2 successive quarters. Gross margin raised to 68.9%, driven by boosting sales of higher-gross margin items from our Skin care Brands, expense optimization as well as more stringent rates as well as discount rate plans throughout all our brand name profiles. We likewise handled to slim bottom line margin to 24.6% as well as non-GAAP bottom line margin to 14.7% in the 3rd quarter of 2022. With a cash money, limited cash money as well as temporary financial investments equilibrium of RMB2.60 billion at the end of this quarter, we have enough sources as well as adaptability in quest of our long-lasting tactical objectives,” commented Mr. Donghao Yang, Supervisor as well as Principal Financial Policeman of Yatsen.

3rd Quarter 2022 Financial Outcomes

Web Incomes

Complete web incomes for the 3rd quarter of 2022 reduced by 36.1% to RMB857.9 million ( US$ 120.6 million) from RMB1.34 billion in the previous year duration. The decline was largely attributable to a 48.8% decline in web incomes from our Shade Cosmetics Brands[3], partly balanced out by a 33.0% rise in web incomes from our Skin care Brands.

Gross Earnings as well as Gross Margin

Gross revenue for the 3rd quarter of 2022 reduced by 35.2% to RMB591.3 million ( US$ 83.1 million) from RMB911.8 million in the previous year duration. Gross margin for the 3rd quarter of 2022 raised to 68.9% from 67.9% in the previous year duration. The rise was driven by (i) boosting sales of higher-gross margin items from our Skin care Brands, (ii) expense optimization as well as (iii) more stringent rates as well as discount rate plans throughout all our brand name profiles.

Business Expenses

Complete operating budget for the 3rd quarter of 2022 reduced by 33.1% to RMB857.0 million ( US$ 120.5 million) from RMB1.28 billion in the previous year duration. As a portion of complete web incomes, complete operating budget for the 3rd quarter of 2022 were 99.9%, as compared to 95.4% in the previous year duration.

  • Gratification Costs. Gratification costs for the 3rd quarter of 2022 were RMB63.8 million ( US$ 9.0 million), as compared to RMB100.2 million in the previous year duration. As a portion of complete web incomes, satisfaction costs for the 3rd quarter of 2022 reduced to 7.4% from 7.5% in the previous year duration. The decline was largely attributable to a reduction in stockroom as well as logistics expense as a result of optimization of our satisfaction capability.
  • Marketing as well as Advertising And Marketing Costs. Marketing as well as advertising costs for the 3rd quarter of 2022 were RMB564.8 million ( US$ 79.4 million), as compared to RMB911.3 million in the previous year duration. As a portion of complete web incomes, marketing as well as advertising costs for the 3rd quarter of 2022 reduced to 65.8% from 67.9% in the previous year duration. The decline was largely attributable to the greater performance of internet marketing tasks, partly balanced out by shop closure-related costs as well as arrangement.
  • General as well as Administrative Costs. General as well as management costs for the 3rd quarter of 2022 were RMB194.5 million ( US$ 27.3 million), as compared to RMB233.9 million in the previous year duration. As a portion of complete web incomes, basic as well as management costs for the 3rd quarter of 2022 raised to 22.7% from 17.4% in the previous year duration. The rise was largely attributable to the reduced complete internet incomes in the 3rd quarter of 2022, producing a low-base impact.
  • R & D Costs R & d costs for the 3rd quarter of 2022 were RMB33.9 million ( US$ 4.8 million), as compared to RMB35.8 million in the previous year duration. As a portion of complete web incomes, r & d costs for the 3rd quarter of 2022 raised to 3.9% from 2.7% in the previous year duration. The rise was largely attributable to the reduced complete internet incomes in the 3rd quarter of 2022, producing a low-base impact.

Loss from Procedures

Loss from procedures for the 3rd quarter of 2022 reduced by 28.1% to RMB265.7 million ( US$ 37.4 million) from RMB369.3 million in the previous year duration. Running loss margin was 31.0%, as compared to 27.5% in the previous year duration.

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Non-GAAP loss from procedures[4] for the 3rd quarter of 2022 reduced by 26.6% to RMB162.6 million ( US$ 22.9 million) from RMB221.7 million in the previous year duration. Non-GAAP operating loss margin was 19.0%, as compared to 16.5% in the previous year duration.

Bottom Line

Bottom line for the 3rd quarter of 2022 reduced by 41.7% to RMB210.7 million ( US$ 29.6 million) from RMB361.8 million in the previous year duration. Bottom line margin was 24.6%, as compared to 26.9% in the previous year duration. Bottom line attributable to Yatsen’s average investors per thinned down ADS[5] for the 3rd quarter of 2022 was RMB0.37 ( US$ 0.05), as compared to RMB0.57 in the previous year duration.

Non-GAAP bottom line for the 3rd quarter of 2022 reduced by 41.5% to RMB126.5 million ( US$ 17.8 million) from RMB216.3 million in the previous year duration. Non-GAAP bottom line margin was 14.7%, as compared to 16.1% in the previous year duration. Non-GAAP bottom line attributable to Yatsen’s average investors per thinned down ADS[6] for the 3rd quarter of 2022 was RMB0.22 ( US$ 0.03), as compared to RMB0.34 in the previous year duration.

Annual Report as well as Capital

Since September 30, 2022, the Firm had cash money, limited cash money as well as temporary financial investments of RMB2.60 billion ( US$ 365.7 million), as compared to RMB3.14 billion since December 31, 2021

Web cash money produced from running tasks for the 3rd quarter of 2022 was RMB21.8 million ( US$ 3.1 million), compared to web cash money made use of in running tasks of RMB225.3 million in the previous year duration.

Service Overview

For the 4th quarter of 2022, the Firm anticipates its complete web incomes to be in between RMB916.7 million as well as RMB1.07 billion, standing for a year-over-year decrease of about 30% to 40%. These projections show the Firm’s existing as well as initial sights on the marketplace as well as functional problems, which go through transform.

Currency Exchange Rate

This statement has translations of particular Renminbi (” RMB”) amounts right into united state bucks (” US$”) at defined prices only for the comfort of the visitor. Unless or else kept in mind, all translations from RMB to US$ were made at a price of RMB7.1135 to US$ 1.00, the currency exchange rate effectively since September 30, 2022, as stated in the H. 10 analytical launch of The Board of Governors of the Federal Book System. The Firm makes no depiction that any kind of RMB or US$ quantities can have been, or can be, exchanged US$ or RMB, probably, at any kind of specific price, or in all.

[1] Include web incomes from Abby’s Selection, DR. WU (its landmass China organization), Galénic, Eve Lom as well as various other skin care brand names.

[2] Non-GAAP bottom line is a non-GAAP monetary action. Non-GAAP bottom line is specified as bottom line omitting (i) share-based payment costs, (ii) amortization of abstract possessions arising from possessions as well as organization purchases, (iii) revaluation of financial investments on the share of equity technique financial investments, as well as (iv) tax obligation impacts on non-GAAP changes.

[3] Include web incomes from Perfect Journal, Little Ondine, Pink Bear as well as various other shade cosmetics brand names.

[4] Non-GAAP loss from procedures is a non-GAAP monetary action. Non-GAAP loss from procedures is specified as loss from procedures omitting share-based payment costs as well as amortization of abstract possessions arising from possessions as well as organization purchases.

[5] ADS describes the American depositary shares, each of which stands for 4 Course A regular shares.

[6] Non-GAAP bottom line attributable to average investors per thinned down ADS is a non-GAAP monetary action. Non-GAAP bottom line attributable to average investors per thinned down ADS is specified as non-GAAP bottom line attributable to average investors separated by the heavy typical variety of watered down ADS superior for calculating watered down revenues per ADS. Non-GAAP bottom line attributable to average investors is specified as bottom line attributable to average investors omitting (i) share-based payment costs, (ii) amortization of abstract possessions arising from possessions as well as organization purchases, (iii) revaluation of financial investments on the share of equity technique financial investments, as well as (iv) tax obligation impacts on non-GAAP changes.

Teleconference Details

The Firm’s monitoring will certainly hold a teleconference on Tuesday, November 22, 2022, at 7:30 A.M. United State Eastern Time or 8:30 P.M. Beijing Time to review its monetary outcomes as well as running efficiency for the 3rd quarter 2022.

USA (toll totally free):

+1 -888 -346 -8982

International:

+1 -412 -902 -4272

Landmass China (toll totally free):

400-120-1203

Hong Kong (toll totally free):

800-905-945

Hong Kong:

+852-3018-4992

Meeting ID:

4864716

The replay will certainly come via November 29, 2022, by calling the adhering to numbers:

USA: (* ) +1 -877 -344 -7529

International:

+1 -412 -317 -0088

Replay Gain Access To Code:

4864716

An online as well as archived webcast of the teleconference will certainly likewise be readily available on the Firm’s financier relationships internet site at http://ir.yatsenglobal.com/.

Regarding Yatsen Holding Limited

Yatsen Holding Limited (NYSE: YSG) is a leading gamer in

China’s appeal market with an objective to develop an amazing brand-new trip of appeal exploration for customers in China as well as around the globe. Established in 2016, the Firm has actually introduced as well as obtained numerous shade cosmetics as well as skin care brand names consisting of Perfect Journal, Little Ondine, Abby’s Selection, Galénic, DR.WU (its landmass China organization), Eve Lom as well as Pink Bear The Firm’s front runner brand name, Perfect Journal, is just one of the leading shade cosmetics brand names in China in regards to on the internet retail sales worth. Leveraging its electronically indigenous direct-to-customer organization version, the Firm has actually developed core capacities which allow it to release as well as scale numerous brand names rapidly while providing a vast option of items to an expanding range of consumers. The Firm gets to as well as involves with consumers straight both online as well as offline, with extensive visibility throughout all significant ecommerce, social as well as material systems in China. To find out more, please go to http://ir.yatsenglobal.com/.

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Use Non-GAAP Financial Procedures

The Firm makes use of non-GAAP earnings (loss) from procedures, non-GAAP earnings (loss), non-GAAP earnings (loss) attributable to average investors as well as non-GAAP earnings (loss) attributable to average investors per thinned down ADS, each a non-GAAP monetary action, in evaluating as well as evaluating its operating efficiency. The discussion of these non-GAAP monetary actions is not planned to be thought about alone or as an alternative for the monetary details ready as well as provided based on united state GAAP. The Firm provides these non-GAAP monetary actions due to the fact that they are made use of by the monitoring to examine running efficiency as well as create organization strategies. Non-GAAP monetary actions aid determine underlying fads in its organization, give additional details concerning its outcomes of procedures, as well as boost the total understanding of its previous efficiency as well as future leads. The Firm specifies non-GAAP earnings (loss) from procedures as earnings (loss) from procedures omitting share-based payment costs as well as amortization of abstract possessions arising from possessions as well as organization purchases. The Firm specifies non-GAAP earnings (loss) as earnings (loss) omitting (i) share-based payment costs, (ii) amortization of abstract possessions arising from possessions as well as organization purchases, (iii) revaluation of financial investments on the share of equity technique financial investments, as well as (iv) tax obligation impacts on non-GAAP changes. The Firm specifies non-GAAP earnings (loss) attributable to average investors as earnings (loss) attributable to average investors omitting (i) share-based payment costs, (ii) amortization of abstract possessions arising from possessions as well as organization purchases, (iii) revaluation of financial investments on the share of equity technique financial investments as well as (iv) tax obligation impacts on non-GAAP changes. Non-GAAP earnings (loss) attributable to average investors per thinned down ADS is calculated making use of non-GAAP earnings (loss) attributable to average investors separated by heavy typical variety of watered down ADS superior for calculating watered down revenues per ADS.

Nonetheless, the non-GAAP monetary actions have constraints as logical devices as the non-GAAP monetary actions are absent based on united state GAAP as well as might vary from the non-GAAP details made use of by various other firms, consisting of peer firms, as well as for that reason their comparability might be restricted. The Firm makes up for these constraints by integrating the non-GAAP monetary actions to the local united state GAAP efficiency action, every one of which need to be thought about when assessing efficiency. The Firm urges capitalists as well as others to evaluate its monetary details in its whole as well as not depend on a solitary monetary action. Settlements of Yatsen’s non-GAAP monetary action to one of the most similar united state GAAP action are consisted of at the end of this news release.

Safe Harbor Declaration

This statement has declarations that might make up “progressive” declarations which are made according to the “risk-free harbor” arrangements of the united state Personal Stocks Lawsuits Reform Act of 1995. These progressive declarations can be determined by terms such as “will,” “anticipates,” “prepares for,” “purposes,” “future,” “means,” “strategies,” “thinks,” “quotes,” “most likely to,” as well as comparable declarations. The Firm might likewise make composed or dental progressive declarations in its regular records to the Stocks as well as Exchange Compensation (” SEC”), in its yearly record to investors, in news release as well as various other written products as well as in dental declarations made by its policemans, supervisors or staff members to 3rd parties. Declarations that are not historic realities, consisting of declarations concerning the Firm’s ideas, strategies, expectation as well as assumptions, are progressive declarations. Positive declarations entail fundamental threats as well as unpredictabilities. A variety of aspects can create real outcomes to vary materially from those consisted of in any kind of progressive declaration, that include however not restricted to the following: the Firm’s development approaches; its future organization advancement, outcomes of procedures as well as monetary problem; its capability to remain to turn out preferred items as well as keep appeal of existing items; its capability to expect as well as reply to modifications in market fads as well as customer choices as well as actions in a prompt fashion; its capability to draw in as well as keep brand-new consumers as well as to raise incomes produced from repeat consumers; its assumptions relating to need for as well as market approval of its product or services; its capability to incorporate newly-acquired organizations as well as brand names; fads as well as competitors in as well as pertinent federal government plans as well as guidelines connecting to

China’s appeal market; modifications in its incomes as well as particular expense or cost products; as well as basic financial problems worldwide as well as in China More details relating to these as well as various other threats is consisted of in the Firm’s filings with the SEC. All details offered in this news release is since the day of this news release, as well as the Firm does not take on any kind of responsibility to upgrade any kind of progressive declaration, other than as needed under relevant regulation. For financier as well as media questions, please call:

In China:

Yatsen Holding Limited

Financier Relations
Email:
The Piacente Team, Inc.[email protected]

Emilie Wu
Tel: +86-21-6039-8363
Email:
In the [email protected]

USA: The Piacente Team, Inc.

Brandi Piacente
Tel: +1 -212 -481 -2050
Email:
YATSEN HOLDING LIMITED[email protected]

UNAUDITED CONDENSED CONSOLIDATED EQUILIBRIUM SHEETS

( All quantities in thousands, with the exception of share, per share information or otherwise kept in mind)

December 31,






September 30,



September 30,



2021




2022



2022



RMB’ 000




RMB’ 000



USD’ 000



Possessions


Existing possessions













Money as well as cash money matchings













3,138,008



1,462,056




205,533




Temporary financial investment




1,096,498




154,143




Accounts receivable


355,837



214,289




30,124




Stocks, internet


695,761



488,265




68,639




Early repayments as well as various other existing possessions


366,191



309,134




43,457




Quantities due from associated events


60



60




8




Complete existing possessions


4,555,857



3,570,302




501,904




Non-current possessions


Limited cash money















42,681




6,000




Investments


350,380



508,328




71,460




Residential property as well as devices, internet


245,314



91,313




12,837




A Good Reputation


869,421



820,292




115,315




Abstract possessions, internet


745,851



670,033




94,192




Deferred tax obligation possessions


2,000



1,847




260




Right-of-use possessions, internet


422,966



148,551




20,883




Various other non-current possessions


80,220



59,183




8,320




Complete non-current possessions


2,716,152



2,342,228




329,267




Complete possessions


7,272,009



5,912,530




831,171




Obligations, redeemable non-controlling passions as well as investors’


equity (shortage)

Existing responsibilities













Accounts payable













240,815



157,296




22,112




Advancements from consumers


20,680



19,501




2,741




Accumulated costs as well as various other responsibilities


370,531



325,164




45,711




Quantities due to associated events


13,967



31,635




4,447




Revenue tax obligation payables


16,747



22,116




3,109




Lease responsibilities due within one year


214,843



97,801




13,749




Complete existing responsibilities


877,583



653,513




91,869




Non-current responsibilities


Deferred tax obligation responsibilities













124,450



110,036




15,469




Deferred income-non existing


56,180



50,703




7,128




Lease responsibilities


206,303



52,073




7,320




Complete non-current responsibilities


386,933



212,812




29,917




Complete responsibilities


1,264,516



866,325




121,786




Redeemable non-controlling passions


338,587



339,924




47,786




Investors’ equity (shortage)


Average Shares (US$ 0.00001 the same level worth; 10,000,000,000 average













shares accredited, including 6,000,000,000 Course A regular
shares, 960,852,606 Course B average shares as well as 3,039,147,394
shares each of such courses to be assigned since December 31, 2021
as well as September 30, 2022; 1,938,303,919 Course A shares as well as
758,869,844 Course B average shares released; 1,789,239,887 Course A
average shares as well as 737,513,429 Course B average shares superior
since as well as December 31, 2021; 2,030,600,883 Course A shares as well as
666,572,880 Course B average shares released; 1,569,811,092 Course A
average shares as well as 666,572,880 Course B average shares superior
since as well as September 30, 2022)
173



173




24




Treasury shares


( 22,330)



( 668,916)




( 94,035)




Added paid-in resources


11,697,942



11,962,077




1,681,602




Legal get


21,352



21,352




3,002




Built up shortage


( 5,782,169)



( 6,545,292)




( 920,123)




Built up various other extensive earnings (loss)


( 255,780)



( 68,978)




( 9,695)




Complete Yatsen Holding Limited investors’ (shortage) equity


5,659,188



4,700,416




660,775




Non-controlling passions


9,718



5,865




824




Complete investors’ (shortage) equity


5,668,906



4,706,281




661,599




Complete responsibilities, redeemable non-controlling passions as well as


investors’ equity (shortage)
7,272,009



5,912,530




831,171




YATSEN HOLDING LIMITED


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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROCEDURES

( All quantities in thousands, with the exception of share, per share information or otherwise kept in mind)

For the 3 Months Finished September 30,






2021




2022



2022



RMB’ 000




RMB’ 000



USD’ 000



Complete web incomes


1,342,604



857,904




120,602




Complete expense of incomes


( 430,757)



( 266,626)




( 37,482)




Gross revenue


911,847



591,278




83,120




General expenses:


Fulfilment costs













( 100,174)



( 63,757)




( 8,963)




Marketing as well as advertising costs


( 911,297)



( 564,815)




( 79,400)




General as well as management costs


( 233,874)



( 194,541)




( 27,348)




R & d costs


( 35,816)



( 33,881)




( 4,763)




Complete operating budget


( 1,281,161)



( 856,994)




( 120,474)




Loss from procedures


( 369,314)



( 265,716)




( 37,354)




Economic earnings


9,390



10,834




1,523




International money exchange losses


( 2,854)



( 19,309)




( 2,714)




Revenue from equity technique financial investments, internet


103



16,919




2,378




Various other (cost) earnings, internet (1 )


( 1,067)



50,198




7,057




Loss prior to earnings tax obligation costs


( 363,742)



( 207,074)




( 29,110)




Revenue tax obligation advantage (costs)


1,986



( 3,656)




( 514 )




Bottom line


( 361,756)



( 210,730)




( 29,624)




Bottom line attributable to non-controlling passions as well as redeemable non-


regulating passions
1,477



4,452




626




Bottom line attributable to Yatsen’s investors


( 360,279)



( 206,278)




( 28,998)




Shares made use of in determining loss per share (2 ):


Heavy typical variety of Course An and also Course B average shares:













– Standard













2,526,453,776



2,257,211,263




2,257,211,263




– Thinned Down


2,526,453,776



2,257,211,263




2,257,211,263




Bottom line per Course An and also Course B average share


– Standard













( 0.14 )



( 0.09 )




( 0.01 )




– Thinned Down


( 0.14 )



( 0.09 )




( 0.01 )




Bottom line per ADS (4 average shares equivalent to 1 ADS)


– Standard













( 0.57 )



( 0.37 )




( 0.05 )




– Thinned Down


( 0.57 )



( 0.37 )




( 0.05 )




( 1 ) Various other (cost) earnings, web consist of the federal government aids, which amounted RMB 5.4 million as well as RMB 46.4 million in the three-month duration finished 30 September, 2021 as well as 30 September, 2022, specifically.



For the 3 Months Finished September 30,



2021




2022



2022



Share-based payment costs are consisted of in the operating


costs as complies with:
RMB’ 000


RMB’ 000



USD’ 000



Fulfilment costs


1,624



837




118




Marketing as well as advertising costs


25,918



14,801




2,081




General as well as management costs


100,861



68,241




9,593




R & d costs


5,552



7,498




1,054




Complete


133,955



91,377




12,846




( 2 ) Accredited share resources is re-classified as well as re-designated right into Course A regular shares as well as Course B average shares, with
















each Course A regular share being qualified to one ballot as well as each Course B average share being qualified to twenty ballots on all
matters that go through investor ballot.
YATSEN HOLDING LIMITED

UNAUDITED RECONCILIATIONS OF GAAP AND ALSO NON-GAAP OUTCOMES

( All quantities in thousands, with the exception of share, per share information or otherwise kept in mind)

For the 3 Months Finished September 30,






2021




2022



2022



RMB’ 000




RMB’ 000



USD’ 000



Loss from procedures


( 369,314)



( 265,716)




( 37,354)




Share-based payment costs


133,955



91,377




12,846




Amortization of abstract possessions arising from possessions as well as organization


purchases
13,619



11,692




1,644




Non-GAAP loss from procedures


( 221,740)



( 162,647)




( 22,864)




Bottom line


( 361,756)



( 210,730)




( 29,624)




Share-based payment costs


133,955



91,377




12,846




Amortization of abstract possessions arising from possessions as well as organization


purchases
13,619



11,692




1,644




Revaluation of financial investments on the share of equity technique financial investments




( 16,836)




( 2,367)




Tax obligation impacts on non-GAAP changes


( 2,137)



( 2,005)




( 282 )




Non-GAAP bottom line


( 216,319)



( 126,502)




( 17,783)




Bottom line attributable to average investors of Yatsen


( 360,279)



( 206,278)




( 28,998)




Share-based payment costs


133,955



91,377




12,846




Amortization of abstract possessions arising from possessions as well as organization


purchases
13,349



12,107




1,702




Revaluation of financial investments on the share of equity technique financial investments




( 16,836)




( 2,367)




Tax obligation impacts on non-GAAP changes


( 2,137)



( 2,171)




( 305 )




Non-GAAP bottom line attributable to average investors of Yatsen


( 215,112)



( 121,801)




( 17,122)




Shares made use of in determining loss per share:


Heavy typical variety of Course An and also Course B average shares:













-Standard













2,526,453,776



2,257,211,263




2,257,211,263




-Thinned Down


2,526,453,776



2,257,211,263




2,257,211,263




Non-GAAP bottom line attributable to average investors per Course A


as well as Course B average share
-Standard













( 0.09 )



( 0.05 )




( 0.01 )




-Thinned Down


( 0.09 )



( 0.05 )




( 0.01 )




Non-GAAP bottom line attributable to average investors per ADS (4


average shares equivalent to 1 ADS)
-Standard













( 0.34 )



( 0.22 )




( 0.03 )




-Thinned Down


( 0.34 )



( 0.22 )




( 0.03 )




Resource Yatsen Holding Limited