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    Pei Jinping • SIG Securities

    Pei Jinping is an equity analyst at SIG Securities, specializing in research and analysis within the Greater China equities market. She covers a select group of public companies in technology, consumer, and industrial sectors, providing investment recommendations based on both fundamental and quantitative research. With a career spanning over a decade in the finance industry, Pei has built her professional experience at SIG since the early 2010s after previous roles in regional investment banks. She holds professional credentials in securities analysis and is recognized for delivering actionable insights to institutional investors, though specific success metrics and external rankings are not publicly available.

    Pei Jinping's questions to So-Young International Inc (SY) leadership

    Pei Jinping's questions to So-Young International Inc (SY) leadership • Q2 2025

    Question

    Pei Jinping from SIG Securities questioned management on the growth potential of China's medical aesthetics market and So-Young's strategy for handling competition from new entrants.

    Answer

    Mona Qiao, Investor Relations, expressed optimism, highlighting China's low market penetration (<5%) compared to mature markets like South Korea (>20%). She stated that So-Young's competitive advantage is built on three core pillars where competitors are weaker: sustainable low-cost customer acquisition, a diversified upstream supply chain, and strong organizational competence in operating a large-scale physical network.

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