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THE WHAT? Yatsen has introduced web revenues for the fourth quarter of 2022 lowering by 34.2 % to RMB1.01 billion (US$145.8 million) from RMB1.53 billion YOY.
THE DETAILS Complete web revenues from skincare manufacturers for This fall elevated by 42.4 % to RMB471.6 million, whereas the gross margin for the fourth quarter was 71.1 % in comparison with 65 % a yr prior.
Web loss for This fall 2022 decreased by 88.4 % to RMB55.0 million (US$8.0 million) from RMB475.1 million for the prior yr interval.
Complete web revenues for the FY22 decreased by 36.5 % to RMB3.71 billion (US$537.3 million) from RMB5.84 billion for the prior yr interval.
This was primarily attributable to the decline in web revenues from Shade Cosmetics Manufacturers, which was partially offset by the rise in web revenues from skincare manufacturers.
THE WHY? Jinfeng Huang, Founder, Chairman and Chief Government Officer of Yatsen, highlighted that, “2022 was a tough yr for the sweetness trade and the general shopper trade in China.”
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