Maggie Huang's questions to Yatsen Holding (YSG) leadership • Q2 2025
Question
Maggie Huang of CICC inquired about the profitability outlook for Yatsen's skincare and color cosmetic segments for the second half of 2025, the strategy for balancing new product promotion with profitability, and the competitive landscape, especially concerning foreign premium brands.
Answer
Donghao Yang, CFO & Director, explained that the company does not believe in sacrificing growth for profitability, especially as high-margin skincare brands are growing rapidly. He expressed confidence in achieving both. Regarding competition, he acknowledged its intensity but highlighted the company's R&D-driven strategy and significant investments in a best-in-class R&D infrastructure as the key to winning against industry players.