So-Young Q1 2026 Revenue Jumps 46% to RMB433M as Aesthetic Sales Soar
So-Young International’s Q1 2026 revenue rose 46% to RMB433 million, driven by a 186% surge in aesthetic center sales to RMB282 million and the addition of 10 new clinics. The company expanded profitability to 41 centers but posted a RMB49.2 million net loss and saw cash fall to RMB880 million.
1. Revenue Growth and Clinic Expansion
Total revenue in Q1 2026 reached RMB433 million, up 46% year-over-year, driven by aesthetic center sales of RMB282 million—a 186% increase. The company added 10 new clinics during the quarter, bringing the total network to 59 centers.
2. Profitability and Cash Position
Operational efficiency improved as 41 clinics turned profitable and 48 centers generated positive cash flow. However, the company reported a net loss of RMB49.2 million for the quarter and cash and cash equivalents declined to RMB880 million from RMB936.4 million.
3. Marketing and Brand Initiatives
Sales and marketing expenses rose 33.7% year-over-year, fueled by partnerships with Disney and celebrity endorsements. These campaigns aimed to enhance brand visibility and drive customer engagement within current and emerging markets.
4. Service Segment Declines
Information and reservation services revenue fell 30% year-over-year, while other services revenue dropped 39.3%, primarily due to reduced insurance brokerage sales. The company is focusing on high-value treatments to offset these declines.