So-Young Reports Revenue Growth as Aesthetic Center Expansion Continues

The company’s shift toward a more integrated model is yielding results, with 65 branded aesthetic centers now operational across 18 major Chinese cities. This expansion fueled a significant increase in user engagement, with verified treatment visits reaching approximately 165,200—a 145% increase compared to the same period in 2025. Core members, defined as high-tier users, grew by 24% sequentially and accounted for over 80% of service revenues, demonstrating strong customer loyalty with a nearly 70% repurchase rate.

Despite the revenue surge, the company reported a net loss of RMB22.7 million, though this marks a notable improvement from the RMB36.0 million loss recorded in the second quarter of 2025. Management attributes the financial progress to enhanced medical capabilities and deeper AI integration within its service delivery. As of June 30, 47 of the company’s centers had reached individual profitability. Looking ahead, So-Young projects continued momentum in its aesthetic treatment segment, forecasting revenues between RMB352 million and RMB362 million for the third quarter.