So-Young International Inc - ADR

So-Young International, Inc. engages in discovering, evaluating and reserving medical aesthetic services. Its business model comprises of three components: Content and its distribution through major social media networks and targeted media platforms in China; Social community characterized by signature user-generated content and; Online reservation services for medical aesthetic treatment. The company was founded by Jin Xing and Yu Tao in March 2013 and is headquartered in Beijing, China.

Earnings data Q4 2020

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So-Young International Inc surpasses revenue targets and expands clinic network

So-Young International Inc delivered strong financial performance in Q1 2024, exceeding revenue guidance and achieving profitability milestones.
The company's strategic focus on expanding clinics, launching successful products, and addressing industry challenges positions it for future growth.
While facing challenges in maintaining growth rates and operational efficiency, So-Young International Inc has opportunities to capitalize on market trends and optimize its cost structure.

So-Young International Inc exceeds Q2 revenue targets, eyes clinic franchise

So-Young International Inc delivered impressive Q2 results, showcasing revenue growth, profit increase, and strong customer engagement across key segments.
The company's focus on expanding So-Young Prime and franchising clinics presents growth avenues, while product innovation drives competitiveness in the market.
Challenges lie in managing operational complexities, optimizing margins, and sustaining growth amidst industry competition and changing consumer trends.

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So-Young International, Inc. engages in the operation of a medical aesthetic service platform. It focuses on content and its distribution through major social media networks and targeted media platforms in China, social community characterized by signature user-generated content, and online reservation services for medical aesthetic treatment. The company was founded by Xing Jin and Tao Yu in March 2013 and is headquartered in Beijing, China.

BEIJING , May 22, 2023 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 202 3 Financial Highlights Total revenues were RMB310.1 million (US$45.2 million [1]), an increase of 3.2% from RMB300.3 million in the same period of 2022, exceeding the high end of guidance.

So-Young Reports Unaudited First Quarter 2023 Financial Results

BEIJING , May 15, 2023 /PRNewswire/ -- So-Young International Inc. (NASDAQ: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it will report its financial results for the first quarter ended March 31, 2023, before U.S. markets open on May 22, 2023. So-Young's management will hold an earnings conference call on Monday, May 22, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

So-Young to Report First Quarter 2023 Financial Results on May 22, 2023

One key trend for So-Young International Inc. is a divergence in medical aesthetics order volume recovery for upper-tier and lower-tier Chinese cities, which led to companies pulling back on advertising & promotions. The other key trend is that more Chinese are traveling abroad with the relaxation of pandemic restrictions, and this might hurt demand for domestic medical aesthetics services in Mainland China.

So-Young International: Pay Attention To 2 Key Trends

So-Young International Inc. (NASDAQ:SY ) Q4 2022 Earnings Conference Call March 21, 2023 7:30 AM ET Company Participants Vivian Xu - IR Xing Jin - Co-Founder, Chairman & CEO Nick Zhao - Senior Vice President of Finance Conference Call Participants Thomas Chong - Jefferies Nelson Cheung - Citi Chloe Wei - CICC. Operator Ladies and gentlemen, thank you for standing by for So-Young's Fourth Quarter and Full Year 2022 Earnings Conference Call.

So-Young International Inc. (SY) Q4 2022 Earnings Call Transcript

BEIJING , March 21, 2023 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 202 2 Financial Highlights Total revenues were RMB325.1 million (US$47.1 million [1] ), compared to RMB449.5 million in the corresponding period of 2021, in line with our previous guidance.

So-Young Reports Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results

BEIJING , March 14, 2023 /PRNewswire/ -- So-Young International Inc. (NASDAQ: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2022, before U.S. markets open on March 21, 2023. So-Young's management will hold an earnings conference call on Tuesday, March 21, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

So-Young to Report Fourth Quarter and Full Year 2022 Financial Results on March 21, 2023

BEIJING , Jan. 5, 2023 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it has received a written compliance notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated January 4, 2023, notifying the Company that it has regained compliance with the minimum bid price of US$1.00 per share requirement set forth under the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement"). As previously announced, on July 15, 2022, the Company was notified by Nasdaq that the Company was not in compliance with the Minimum Bid Price Requirement, as the closing bid price of the Company's American depositary shares ("ADSs") was below US$1.00 per share for 30 consecutive business days.

So-Young Regains Compliance with Nasdaq Minimum Bid Price Requirement

BEIJING , Jan. 3, 2023 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that its board of directors has authorized an adjustment to the Company's previously adopted Share Repurchase Program, increasing the aggregate value of shares (including in the form of ADS) that the Company is authorized to repurchase under the program from US$15 million to US$25 million to demonstrate the Company's confidence in its long-term prospects. The Share Repurchase Program is effective for a 12-month period beginning from November 18, 2022.

So-Young Announces Upsizing of Share Repurchase Program to US$25 million

So-Young International Inc. (NASDAQ:SY ) Q3 2022 Results Conference Call November 18, 2022 7:00 AM ET Company Participants Vivian Xu - IR Xing Jin - Co-Founder, Chairman & CEO Conference Call Participants Chloe Wei - CICC Nelson Cheung - Citi Ingrid Zhang - UBS Leo Chiang - Deutsche Bank Thomas Chong - Jefferies Operator Good morning, ladies and gentlemen, and thank you for standing by for So-Young's Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded.

So-Young International Inc. (SY) Q3 2022 Earnings Call Transcript

BEIJING , Nov. 18, 2022 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the third quarter ended September 30, 2022. Third Quarter 202 2 Financial Highlights Total revenues were RMB323.3 million (US$45.5 million [1] ), compared to RMB431.5 million in the corresponding period of 2021, in line with our previous guidance.

So-Young Reports Unaudited Third Quarter 2022 Financial Results

BEIJING , Nov. 11, 2022 /PRNewswire/ -- So-Young International Inc. (NASDAQ: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it will report its financial results for the third quarter ended September 30, 2022, before U.S. markets open on November 18, 2022. So-Young's management will hold an earnings conference call on Friday, November 18, 2022, at 7:00 AM U.S. Eastern Time (8:00 PM on the same day, Beijing/Hong Kong Time).

So-Young to Report Third Quarter 2022 Financial Results on November 18, 2022

BEIJING, Oct. 21, 2022 (GLOBE NEWSWIRE) -- So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that the special committee of the Company's board of directors (the “Board”) has received a letter from Mr. Xing Jin, Chairman of the Board and Chief Executive Officer of So-Young (“Mr. Jin”), stating that Mr. Jin would withdraw the non-binding going private proposal (the “Proposal”) dated November 22, 2021, with immediate effect. The letter stated that, having given due consideration to recent market conditions, Mr. Jin has determined not to proceed with the Proposal. The Board has approved to dissolve the special committee of the Board.

So-Young Announces Receipt of Withdrawal of Buyer Group's Going Private Proposal

So-Young International Inc. (NASDAQ:SY ) Q2 2022 Earnings Conference Call August 16, 2022 7:30 AM ET Company Participants Vivian Xu – Investor Relations Min Yu – Chief Financial Officer and Director Conference Call Participants Thomas Chong – Jefferies Nelson Cheung – Citi Leo Chiang – Deutsche Bank Chloe Huang – CICC Operator Good morning, ladies and gentlemen, and thank you for standing by for So-Young's Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.

So-Young International Inc's (SY) Management on Q2 2022 Results - Earnings Call Transcript

BEIJING, Aug. 16, 2022 (GLOBE NEWSWIRE) -- So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the second quarter ended June 30, 2022.

So-Young Reports Unaudited Second Quarter 2022 Financial Results

BEIJING, Aug. 09, 2022 (GLOBE NEWSWIRE) -- So-Young International Inc. (NASDAQ: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it will report its financial results for the second quarter ended June 30, 2022, before U.S. markets open on August 16, 2022.

So-Young to Report Second Quarter 2022 Financial Results on August 16, 2022

So-Young is a small-cap internet company in China. The company operates the country's leading online platform to connect buyers and sellers of medical aesthetic solutions. So-Young has 4.4 million monthly active users, which the company claims to be highly loyal and engaged.

So-Young: Highly Attractive Risk-Reward Profile

BEIJING, May 23, 2022 (GLOBE NEWSWIRE) -- So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the first quarter ended March 31, 2022.

So-Young Reports Unaudited First Quarter 2022 Financial Results

BEIJING, May 16, 2022 (GLOBE NEWSWIRE) -- So-Young International Inc. (NASDAQ: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it will report its financial results for the first quarter ended March 31, 2022, before U.S. markets open on May 23, 2022. The earnings release will be available on the investor relations page of the Company's website at http://ir.soyoung.com.

So-Young to Report First Quarter 2022 Financial Results on May 23, 2022

BEIJING, March 25, 2022 (GLOBE NEWSWIRE) -- So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.

So-Young Reports Unaudited Fourth Quarter and Fiscal Year 2021 Financial Results

BEIJING, March 18, 2022 (GLOBE NEWSWIRE) -- So-Young International Inc. (NASDAQ: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2021, before U.S. markets open on March 25, 2022. The earnings release will be available on the investor relations page of the Company's website at http://ir.soyoung.com.

So-Young to Report Fourth Quarter and Full Year 2021 Financial Results on March 25, 2022

BEIJING, Dec. 03, 2021 (GLOBE NEWSWIRE) -- So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that the special committee (the “Special Committee”) of the Company's board of directors (the “Board”) has retained Duff & Phelps, A Kroll Business operating as Kroll, LLC, as its independent financial advisor and Gibson, Dunn & Crutcher LLP as its independent U.S. legal counsel to assist the Special Committee in its evaluation and consideration of the previously announced preliminary non-binding proposal letter, dated November 22, 2021, from Mr. Xing Jin, co-founder, Chairman of the Board and Chief Executive Officer of the Company, to acquire all of the outstanding Class A ordinary shares of the Company that are not already owned by Mr. Jin and his affiliates (the “Buyer Group”) for a purchase price of $5.30 per American Depositary Share (“ADS,” with every 13 ADSs representing 10 Class A ordinary shares), or US$6.89 per Class A ordinary share, in cash in a going private transaction (the “Proposed Transaction”).

So-Young Announces Engagement of Legal and Financial Advisors to the Special Committee

A buyout offer from the company's CEO and co-founder drove shares higher on an otherwise down day for Chinese stocks.

Why Shares of So-Young International Rose More Than 12% Monday

Chinese social community So-Young International Inc (NASDAQ: SY) received a non-binding proposal letter from Chair and CEO Xing Jin to acquire the outstanding shares not owned by Jin and his affiliates for $5.30 per ADS. This price represents a premium of 22.7% to ADSs closing price on November 19, 2021.

So-Young Shares Soar On Takeover Offer

BEIJING, Nov. 22, 2021 (GLOBE NEWSWIRE) -- So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter (the “Proposal Letter”), dated November 22, 2021, from Mr. Xing Jin, co-founder, Chairman of the Board and Chief Executive Officer of the Company, to acquire all of the outstanding Class A ordinary shares of the Company that are not already owned by Mr. Jin and his affiliates (the “Buyer Group”) for a purchase price of $5.30 per American Depositary Share (“ADS,” with every 13 ADSs representing 10 Class A ordinary shares), or US$6.89 per Class A ordinary share, in cash (the “Proposed Transaction”). A copy of the Proposal Letter is attached hereto as Exhibit A.

So-Young Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

So-Young International Inc. (SY) CEO Xing Jin on Q3 2021 Results - Earnings Call Transcript

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