THE WHAT? Yatsen has announced its unaudited financial results for the first quarter of fiscal 2023. In the three months to March 31, the Chinese beauty group reported sales of RMB765.4 million, down 14.1 percent on the prior-year period.
THE DETAILS Yatsen attributed the decrease to its color cosmetics portfolio, which saw net revenues plummet 29.1 percent yoy. Its Skincare division, meanwhile, delivered a healthy 34.2 percent increase in net revenues.
Gross profit dropped 7.5 percent to RMB568.7 million, while gross margin increased to 74.3 percent from 69 percent in the prior-year period, driven by higher skin care sales and more disciplined pricing, Yatsen said.
THE WHY? Jinfeng Huang, Founder, Chairman and Chief Executive Officer of Yatsen, stated, “We started 2023 by continuing to execute our new five-year strategic transformation plan, focusing on building a healthy brand portfolio and capitalizing on rising opportunities as the consumer goods industry recovers. For our Skincare Brands, we are committed to increasing brand awareness and developing new products, while improving our current hero products’ market position in their relevant sub-categories. For our Color Cosmetics Brands, we continued to introduce high-quality products and build a more sustainable business model. Additionally, we remained dedicated to strengthening our R&D capabilities as a core strategy for our future growth and product differentiation.”
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
