YSG on NYSE

Yatsen Holding Ltd

Yatsen Holding Ltd is a perfumes company in the Cayman Islands.¹ Its shares trade on NYSE under the symbol YSG.¹

Price unavailable

Last updated Oct 21, 2026.

Overview

$614.6MRevenue, fiscal 2025²

-$11.6MNet income, fiscal 2025²

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TickerYSG on NYSE¹
IndustryPerfumes, Cosmetics & Other Toilet Preparations¹
HeadquartersE9¹
Incorporated inCayman Islands³
Business addressFloor 39, Poly Development Plaza, No.832 Yue Jiang Zhong Road, Guangzhou, 510335³
Filer categoryAccelerated filer³

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We commenced our operations in July 2016 through Guangzhou Yatsen Global Co., Ltd., or Guangzhou Yatsen, a limited liability company under the laws of the PRC. In September 2016, we incorporated Mangrove Bay Ecommerce Holding (Cayman), which later changed its name to Yatsen Holding Limited in January 2019, under the laws of the Cayman Islands as our offshore holding company to facilitate offshore financing. Also in September 2016, Yatsen Holding Limited incorporated Yatsen (HK) Limited (formerly known as Mangrove Bay Ecommerce (Hong Kong) Limited) as its intermediary holding company.⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

78.2%Gross margin²

-4.3%Operating margin²

-1.9%Net margin²

32.2%Revenue growth, 2025²

-2.7%Return on equity²

-$19.6MFree cash flow²

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Skincare Brands brought in 53% of the revenue Yatsen Holding Ltd broke down this way in fiscal 2025.

Skincare Brands2.3B CNY²53%up 63% from 2024
Color Cosmetics Brands2.0B CNY²47%up 2% from 2024
Other Operating14.9M CNY²0%down 53% from 2024

Business segments by year

Business segments	2023	2024	2025
Skincare Brands	1.4B CNY	1.4B CNY	2.3B CNY
Color Cosmetics Brands	2.0B CNY	2.0B CNY	2.0B CNY
Other Operating	57.5M CNY	31.8M CNY	14.9M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueOther costs

Cost of revenue22¢$134.0M
Research and development3¢$19.6M
Other costs75¢$461.0M
Income tax0¢$15.0K

Out of $614.6M in revenue.² The company lost money this year.

Financial statements

Revenue⁵⁶⁷⁸⁹²$614.6M in 2025−23% since 2020

Gross profit⁵⁶⁷⁸⁹²$480.7M in 2025−7% since 2020

Operating income⁵⁶⁷⁸⁹²-$26.6M in 2025−94% since 2020

Net income⁵⁶⁷²⁹-$11.6M in 2025−97% since 2020

Every line of the income statement as filed: the last 3 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Total net revenues	4.3B CNY	3.4B CNY	3.4B CNY
Total cost of revenues	-936.8M CNY	-776.2M CNY	-901.5M CNY
Gross profit	3.4B CNY	2.6B CNY	2.5B CNY
Fulfilment expenses	-253.9M CNY	-216.5M CNY	-229.0M CNY
Selling and marketing expenses	-2.9B CNY	-2.3B CNY	-2.2B CNY
General and administrative expenses	-303.6M CNY	-444.4M CNY	-500.9M CNY
Research and development expenses	-137.3M CNY	-109.3M CNY	-111.7M CNY
Impairment of goodwill	0 CNY	-403.1M CNY	-354.0M CNY
Total operating expenses	-3.5B CNY	-3.4B CNY	-3.4B CNY
Loss from operations	-185.8M CNY	-824.9M CNY	-913.4M CNY
Financial income	40.7M CNY	86.1M CNY	89.0M CNY
Foreign currency exchange gain (loss)	13.4M CNY	-20.4M CNY	7.2M CNY
Income from equity method investments, net	5.9M CNY	1.4M CNY	10.1M CNY
Impairment of investments	-13.5M CNY	0 CNY	0 CNY
Other income	46.7M CNY	44.5M CNY	53.6M CNY
Loss before income tax expenses (benefits)	-92.5M CNY	-713.3M CNY	-753.4M CNY
Income tax benefits	108.0K CNY	3.1M CNY	3.2M CNY
Net loss	-92.4M CNY	-710.2M CNY	-750.2M CNY
Less: Net loss attributable to non-controlling interests and redeemable non-controlling interests	-11.5M CNY	-2.0M CNY	-5.4M CNY
Accretion to redeemable non-controlling interests			3.0M CNY
Net loss attributable to ordinary shareholders of Yatsen Holding Limited	-80.9M CNY	-708.2M CNY	-747.8M CNY
Net loss per ordinary share-basic	-0.04 CNY	-0.35 CNY	-0.34 CNY
Net loss per ordinary share-diluted	-0.04 CNY	-0.35 CNY	-0.34 CNY
Ordinary sharesbasic	1.9B shares	2.0B shares	2.2B shares
Ordinary sharesdiluted	1.9B shares	2.0B shares	2.2B shares

Total assets⁵⁶⁷⁸⁹²$550.1M in 2025−57% since 2020

Total liabilities⁵⁶⁷⁸⁹²$121.0M in 2025−45% since 2020

Shareholders’ equity⁵⁶⁷⁸⁹²$430.5M in 2025−59% since 2020

Cash⁵⁶⁷⁸⁹²$109.4M in 2025−84% since 2019

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	765.4M CNY	817.4M CNY
Restricted cash	42.1M CNY
Short-term investments	246.0M CNY	539.1M CNY
Accounts receivable, net	220.9M CNY	214.6M CNY
Inventories, net	508.7M CNY	386.1M CNY
Prepayments and other current assets	451.0M CNY	381.4M CNY
Total current assets	2.2B CNY	2.3B CNY
Investments	653.6M CNY	664.6M CNY
Property and equipment, net	77.0M CNY	74.4M CNY
Goodwill, net	155.0M CNY	155.0M CNY	556.6M CNY
Intangible assets, net	537.5M CNY	559.7M CNY
Deferred tax assets	1.4M CNY	1.4M CNY
Right-of-use assets, net	173.9M CNY	147.5M CNY
Other non-current assets	14.3M CNY	20.6M CNY
Total non-current assets	1.6B CNY	1.6B CNY
Total assets	3.8B CNY	4.0B CNY
Accounts and notes payable (including accounts payable of the consolidated VIEs without recourse to the Group of RMB3,481 and RMB2,740 as of December 31, 2024 and 2025, respectively)	149.4M CNY	72.1M CNY
Advances from customers (including advances from customers of the consolidated VIEs without recourse to the Group of RMB11,064 and RMB8,317 as of December 31, 2024 and 2025, respectively)	28.8M CNY	19.6M CNY
Income tax payables (including income tax payables of the consolidated VIEs without recourse to the Group of RMB929 and RMB929 as of December 31, 2024 and 2025)	13.7M CNY	20.1M CNY
Lease liabilities due within one year	53.4M CNY	39.4M CNY
Total current liabilities	615.3M CNY	640.2M CNY
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to the Group of RMB10,628 and RMB19,204 as of December 31, 2024 and 2025, respectively)	107.9M CNY	103.3M CNY
Deferred income-non current		14.8M CNY
Lease liabilities	123.2M CNY	109.5M CNY
Total non-current liabilities	231.1M CNY	227.7M CNY
Total liabilities	846.3M CNY	867.9M CNY
Redeemable non-controlling interests	1.3M CNY	51.0M CNY
Ordinary Shares	173.0K CNY	173.0K CNY
Treasury shares	-1.3B CNY	-1.3B CNY
Additional paid-in capital	12.3B CNY	12.3B CNY
Statutory reserves	31.5M CNY	28.1M CNY
Accumulated deficit	-8.1B CNY	-8.1B CNY
Accumulated other comprehensive income	74.8M CNY	86.9M CNY
Total Yatsen Holding Limited shareholders' equity	3.0B CNY	3.1B CNY
Non-controlling interests	-11.3M CNY	-3.3M CNY
Total shareholders' equity	3.0B CNY	3.1B CNY	4.1B CNY	4.7B CNY
Total liabilities, redeemable non-controlling interests and shareholders' equity	3.8B CNY	4.0B CNY
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the consolidated VIEs without recourse to the Group of RMB6,639 and RMB13,690 as of December 31, 2024 and 2025, respectively)	348.7M CNY	460.1M CNY
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	10.0B shares	10.0B shares
Common stock, shares designated	3.0B shares	3.0B shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	765.4M CNY	817.4M CNY
Restricted cash	42.1M CNY
Short-term investments	246.0M CNY	539.1M CNY
Accounts receivable, net	220.9M CNY	214.6M CNY
Inventories, net	508.7M CNY	386.1M CNY
Prepayments and other current assets	451.0M CNY	381.4M CNY
Total current assets	2.2B CNY	2.3B CNY
Investments	653.6M CNY	664.6M CNY
Property and equipment, net	77.0M CNY	74.4M CNY
Goodwill, net	155.0M CNY	155.0M CNY	556.6M CNY
Intangible assets, net	537.5M CNY	559.7M CNY
Deferred tax assets	1.4M CNY	1.4M CNY
Right-of-use assets, net	173.9M CNY	147.5M CNY
Other non-current assets	14.3M CNY	20.6M CNY
Total non-current assets	1.6B CNY	1.6B CNY
Total assets	3.8B CNY	4.0B CNY
Accounts and notes payable (including accounts payable of the consolidated VIEs without recourse to the Group of RMB3,481 and RMB2,740 as of December 31, 2024 and 2025, respectively)	149.4M CNY	72.1M CNY
Advances from customers (including advances from customers of the consolidated VIEs without recourse to the Group of RMB11,064 and RMB8,317 as of December 31, 2024 and 2025, respectively)	28.8M CNY	19.6M CNY
Income tax payables (including income tax payables of the consolidated VIEs without recourse to the Group of RMB929 and RMB929 as of December 31, 2024 and 2025)	13.7M CNY	20.1M CNY
Lease liabilities due within one year	53.4M CNY	39.4M CNY
Total current liabilities	615.3M CNY	640.2M CNY
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to the Group of RMB10,628 and RMB19,204 as of December 31, 2024 and 2025, respectively)	107.9M CNY	103.3M CNY
Deferred income-non current		14.8M CNY
Lease liabilities	123.2M CNY	109.5M CNY
Total non-current liabilities	231.1M CNY	227.7M CNY
Total liabilities	846.3M CNY	867.9M CNY
Redeemable non-controlling interests	1.3M CNY	51.0M CNY
Ordinary Shares	173.0K CNY	173.0K CNY
Treasury shares	-1.3B CNY	-1.3B CNY
Additional paid-in capital	12.3B CNY	12.3B CNY
Statutory reserves	31.5M CNY	28.1M CNY
Accumulated deficit	-8.1B CNY	-8.1B CNY
Accumulated other comprehensive income	74.8M CNY	86.9M CNY
Total Yatsen Holding Limited shareholders' equity	3.0B CNY	3.1B CNY
Non-controlling interests	-11.3M CNY	-3.3M CNY
Total shareholders' equity	3.0B CNY	3.1B CNY	4.1B CNY	4.7B CNY
Total liabilities, redeemable non-controlling interests and shareholders' equity	3.8B CNY	4.0B CNY
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the consolidated VIEs without recourse to the Group of RMB6,639 and RMB13,690 as of December 31, 2024 and 2025, respectively)	348.7M CNY	460.1M CNY
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	10.0B shares	10.0B shares
Common stock, shares designated	3.0B shares	3.0B shares

Cash from operations⁵⁶⁷⁸⁹²-$13.5M in 2025−91% since 2020

Capital spending⁵⁶⁷⁸⁹²$6.0M in 2025−83% since 2020

Free cash flow⁵⁶⁷⁸⁹²-$19.6M in 2025−89% since 2020

Share buybacks⁵⁶⁷⁸⁹²$15.9M in 2025−79% since 2020

Every line of the cash flow as filed: the last 3 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Net loss	-92.4M CNY	-710.2M CNY	-750.2M CNY
Depreciation of property and equipment	36.9M CNY	38.0M CNY	53.7M CNY
Amortization of intangible assets	49.3M CNY	112.6M CNY	61.1M CNY
Share-based compensation	59.0M CNY	91.2M CNY	77.5M CNY
Amortization of right-of-use assets	60.0M CNY	69.4M CNY	88.6M CNY
Recognition of deferred income	-14.7M CNY	-16.1M CNY	-15.7M CNY
Impairment allowance of inventory	-4.5M CNY	-22.8M CNY	-38.2M CNY
Current expected credit losses	-2.3M CNY	617.0K CNY	19.9M CNY
Deferred income tax (benefits) expenses	1.4M CNY	-8.6M CNY	-8.7M CNY
Impairment of and (gain) loss on disposal of property and equipment	-732.0K CNY	-1.1M CNY	-1.2M CNY
Loss on disposal of intangible assets			381.0K CNY
Impairment of investments	13.5M CNY	0 CNY	0 CNY
Share of income from equity investments	-5.9M CNY	-1.4M CNY	-10.1M CNY
Impairment of goodwill	0 CNY	403.1M CNY	354.0M CNY
Dividend received from equity method investments	11.1M CNY
Accounts receivable	-4.0M CNY	-16.3M CNY	-4.5M CNY
Interest receivables on short-term investments		257.0K CNY	937.0K CNY
Prepayments and other current assets	-89.1M CNY	-65.3M CNY	-7.3M CNY
Inventories	-124.8M CNY	-11.2M CNY	109.4M CNY
Other non-current assets	6.3M CNY	6.5M CNY	25.8M CNY
Amounts due from related parties	9.0M CNY	11.1M CNY	-28.0M CNY
Amounts due to related parties	-7.6M CNY	19.5M CNY	-17.8M CNY
Accounts and notes payable	77.3M CNY	-33.6M CNY	-14.2M CNY
Accrued expenses and other liabilities	-16.4M CNY	-22.5M CNY	65.3M CNY
Advances from customers	9.2M CNY	-22.0M CNY	24.9M CNY
Income tax payables	-6.4M CNY	2.1M CNY	-3.9M CNY
Lease liabilities	-58.7M CNY	-66.9M CNY	-89.3M CNY
Net cash used in operating activities	-94.7M CNY	-243.7M CNY	-107.4M CNY
Purchases of intangible assets	-1.7M CNY	-4.3M CNY	-321.0K CNY
Purchases of property and equipment	-42.1M CNY	-52.7M CNY	-43.6M CNY
Proceeds from disposal of property and equipment	4.1M CNY	2.1M CNY	2.0M CNY
Purchases of short-term investments	-601.9M CNY	-1.3B CNY	-2.3B CNY
Sales of short-term investments	888.4M CNY	2.0B CNY	2.2B CNY
Investments on equity investments		-42.0M CNY	-121.5M CNY
Proceeds from disposal of investments			22.2M CNY
Net cash (used in) provided by investing activities	246.8M CNY	592.1M CNY	-260.5M CNY
Proceeds from exercise of vested share options	5.5M CNY	11.6M CNY	4.9M CNY
Repurchases of ordinary shares	-111.0M CNY	-405.8M CNY	-212.7M CNY
Repurchase of non-controlling interests and redeemable non-controlling interests	-45.9M CNY		-134.7M CNY
Net cash used in financing activities	-151.4M CNY	-394.2M CNY	-342.5M CNY
Effect of exchange rate changes on cash and cash equivalents and restricted cash	-10.6M CNY	5.0M CNY	14.2M CNY
Net decrease in cash and cash equivalents and restricted cash	-9.9M CNY	-40.7M CNY	-696.2M CNY
Income taxes paid	-4.9M CNY	-2.9M CNY	-7.8M CNY
Purchases of property and equipment	9.6M CNY	9.1M CNY	12.7M CNY
Purchases of intangible assets	65.0K CNY	828.0K CNY	397.0K CNY
Receivables of exercise price of share options	212.0K CNY	577.0K CNY	1.6M CNY
Payable for repurchases of Ordinary Shares		94.7M CNY	442.0K CNY
Repurchase of redeemable non-controlling interests			22.2M CNY
Recognition of redeemable non-controlling interests			50.1M CNY

Compare Yatsen Holding Ltd with another company

Corporate structure

Yatsen Holding Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Yatsen Holding Ltd

Jinfeng Huang Filed SCHEDULE 13G/A on Yatsen Holding Ltd, latest Feb 12, 2026 (3 filings since Feb 14, 2022)
Banyan Partners Fund III, L.P. Filed SCHEDULE 13G/A on Yatsen Holding Ltd, latest Nov 14, 2025 (6 filings since Feb 11, 2022)
Zhen Partners Management (TTGP) IV, Ltd. Filed SC 13G/A on Yatsen Holding Ltd, latest Nov 12, 2024 (2 filings since Feb 14, 2024)
HHLR ADVISORS, LTD. Filed SC 13G/A on Yatsen Holding Ltd, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
Xiaoping Xu Filed SC 13G/A on Yatsen Holding Ltd, latest Feb 14, 2023 (2 filings since Feb 7, 2022)
Yuwen Chen Filed SC 13G/A on Yatsen Holding Ltd, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
Jianhua Lyu Filed SC 13G/A on Yatsen Holding Ltd, latest Feb 14, 2022
TIGER GLOBAL MANAGEMENT LLC Filed SC 13G/A on Yatsen Holding Ltd, latest Feb 14, 2022

Yatsen Holding Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Yatsen Holding Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	180.6M CNY² Dec 31, 2025	194.3M CNY² Dec 31, 2024	−7.1%
Accumulated depreciation	103.6M CNY² Dec 31, 2025	120.0M CNY² Dec 31, 2024	−13.7%
Property and equipment, net	$11.0M² Dec 31, 2025	$10.2M⁹ Dec 31, 2024	+8.1%
Operating-lease assets (leased space)	$24.9M² Dec 31, 2025	$20.2M⁹ Dec 31, 2024	+23.1%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$109.4M² Dec 31, 2025	$112.0M⁹ Dec 31, 2024	−2.3%
Marketable securities, current	$35.2M² Dec 31, 2025	$73.9M⁹ Dec 31, 2024	−52.4%
Debt securities available for sale	13.3M CNY² Dec 31, 2025	13.6M CNY² Dec 31, 2024	−2.2%
Stakes in other companies (equity method)	581.1M CNY² Dec 31, 2025	576.9M CNY² Dec 31, 2024	+0.7%
Long-term investments	$93.5M² Dec 31, 2025	$91.0M⁹ Dec 31, 2024	+2.6%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$22.2M² Dec 31, 2025	$21.2M⁹ Dec 31, 2024	+4.4%
Intangible assets, net (excluding goodwill)	$76.9M² Dec 31, 2025	$76.7M⁹ Dec 31, 2024	+0.2%
Finite-lived intangibles, gross	883.6M CNY² Dec 31, 2025	845.7M CNY² Dec 31, 2024	+4.5%
Accumulated amortization	346.0M CNY² Dec 31, 2025	286.0M CNY² Dec 31, 2024	+21.0%
Finite-lived intangibles, net	537.5M CNY² Dec 31, 2025	559.7M CNY² Dec 31, 2024	−4.0%

Inventory

Item	Latest	A year before	Change
Inventory, total	$72.7M² Dec 31, 2025	$52.9M⁹ Dec 31, 2024	+37.5%
Finished goods	473.5M CNY² Dec 31, 2025	396.8M CNY² Dec 31, 2024	+19.3%

Leadership

Who has led Yatsen Holding Ltd, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

Donghao Yang2026–now

Chief financial officerDonghao Yang Mar 16, 2026 to now¹⁰

Board members and other officers (3)

Board memberDonghao Yang Mar 16, 2026 to now¹⁰
Board memberJiming Ha Mar 17, 2026 to now¹¹
Board memberAlan Hao Zong Mar 18, 2026 to now¹²

Calendar

Coming up

Nov 16, 2026Reports results for the quarter ending Sep/2026¹³

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

89 filings to the SEC since October 2021: 5 annual reports, 7 insider forms, 19 large holders, 58 other. The latest 20:

Sep 15, 20263 EDGAR
Sep 2, 20266-K EDGAR
May 26, 20266-K EDGAR
May 21, 20266-K EDGAR
Apr 29, 202620-F EDGAR
Mar 18, 20263 EDGAR
Mar 17, 20263 EDGAR
Mar 16, 20263 EDGAR
Mar 16, 20263 EDGAR
Mar 16, 20263 EDGAR
Mar 16, 20263 EDGAR
Mar 11, 20266-K EDGAR
Mar 2, 20266-K EDGAR
Mar 2, 20266-K EDGAR
Feb 12, 2026SCHEDULE 13G/A EDGAR
Nov 17, 20256-K EDGAR
Nov 14, 2025SCHEDULE 13G/A EDGAR
Aug 21, 20256-K EDGAR
Aug 13, 2025SCHEDULE 13G/A EDGAR
Jul 28, 2025UPLOAD EDGAR

The 89 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Jinfeng HuangSCHEDULE 13G/A, 3 filings Feb 14, 2022 to Feb 12, 2026¹⁴
Banyan Partners Fund III, L.P.SCHEDULE 13G/A, 6 filings Feb 11, 2022 to Nov 14, 2025¹⁵
Zhen Partners Management (TTGP) IV, Ltd.SC 13G/A, 2 filings Feb 14, 2024 to Nov 12, 2024¹⁶
HHLR ADVISORS, LTD.SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2023¹⁷
Xiaoping XuSC 13G/A, 2 filings Feb 7, 2022 to Feb 14, 2023¹⁸
Yuwen ChenSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2023¹⁹
Jianhua LyuSC 13G/A, 1 filing Feb 14, 2022²⁰
TIGER GLOBAL MANAGEMENT LLCSC 13G/A, 1 filing Feb 14, 2022²¹

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 43. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Hhlr Advisors, Ltd.	4,885,873	$15.5M	1.9%	No change
Morgan Stanley	2,766,425	$8.8M	0.0%	−495,032
Bank Of America Corp /de/	1,545,081	$4.9M	0.0%	−79,994
Yiheng Capital Management, L.P.	946,193	$3.0M	1.3%	+148,327
Renaissance Technologies LLC	541,047	$1.7M	0.0%	−71,546
Perseverance Asset Management International	529,993	$1.7M	0.2%	No change
Goldman Sachs Group Inc	404,445	$1.3M	0.0%	−33,489
Helios Capital Management Pte. Ltd	200,000	$634.0K	0.6%	No change
Citigroup Inc	117,865	$373.6K	0.0%	−31,307
State Street Corp	103,769	$328.9K	0.0%	−3,118
XTX Topco Ltd	94,846	$300.7K	0.0%	+55,345
Hsbc Holdings PLC	76,841	$243.6K	0.0%	−11,245
Barclays PLC	53,681	$170.2K	0.0%	−185,848
Citadel Advisors LLC	51,581	$163.5K	0.0%	−71,874
Jpmorgan Chase & Co	45,428	$146.3K	0.0%	New
Invesco Ltd.	45,244	$143.4K	0.0%	−6,280
Oasis Management Co Ltd.	45,000	$142.7K	0.0%	No change
Jane Street Group, LLC	31,520	$99.9K	0.0%	+4,203
Bnp Paribas Financial Markets	29,720	$94.2K	0.0%	+2,300
Headlands Technologies LLC	23,428	$74.3K	0.0%	−8,924
Point72 Asset Management, L.P.	22,073	$70.0K	0.0%	−231,196
Sei Investments Co	20,676	$65.5K	0.0%	New
Millennium Management LLC	17,764	$56.3K	0.0%	−45,162
Persistent Asset Partners Ltd	16,786	$53.2K	0.0%	−3,365
Centiva Capital, LP	14,085	$44.6K	0.0%	New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Yatsen Holding Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARYatsen Holding Ltd¹
CIK0001819580
Filer statusAccelerated filer not an emerging growth company; not a shell company⁴
Incorporated inCayman Islands⁴
Fiscal year endsDecember 31¹
Industry code (SIC)2844 Perfumes, Cosmetics & Other Toilet Preparations¹
SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance¹
Business addressFloor 39, Poly Development Plaza, No.832 Yue Jiang Zhong Road, Guangzhou, None 510335, China¹
Phone86 20 38373543¹
Shares outstanding1,877,236,043 Common Stock shares; 1,276,663,163 Common Class A shares; 600,572,880 Common Class B shares as of Dec 31, 2025⁴
AuditorPricewaterhouseCoopers Zhong Tian LLP, Shenzhen, the People’s Republic of China PCAOB ID 1424; it also attests to the company’s internal control over financial reporting⁴
On EDGAR sinceAug 18, 2020¹
Filings127 in all: 6-K (43), SC 13G/A (15), CORRESP (13), UPLOAD (9), 3 (7), SC 13G (7), 20-F (6), 144 (5)¹
All 21 form types
SCHEDULE 13G/A (5), DRS/A (2), DRSLTR (2), EFFECT (2), F-1/A (2), S-8 (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-6 (1), F-6 POS (1)
Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

Class	Symbol	Exchange
American Depositary Shares, each representing twenty Class A ordinary shares, par value US$0.00001 per share	YSG	New York Stock Exchange
Class A ordinary shares, par value US$0.00001 per share		New York Stock Exchange

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).⁴

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARYatsen Holding Ltd filings on SEC EDGAR
2
SEC EDGARYatsen Holding Ltd 10-K for fiscal 2025
3
SEC EDGARYatsen Holding Ltd filings on SEC EDGAR
4
SEC EDGARYatsen Holding Ltd annual report, Item 1 (Business)
5
SEC EDGARYatsen Holding Ltd 10-K for fiscal 2020
6
SEC EDGARYatsen Holding Ltd 10-K for fiscal 2021
7
SEC EDGARYatsen Holding Ltd 10-K for fiscal 2022
8
SEC EDGARYatsen Holding Ltd 10-K for fiscal 2023
9
SEC EDGARYatsen Holding Ltd 10-K for fiscal 2024
10
SEC EDGARDonghao Yang, Chief financial officer
11
SEC EDGARJiming Ha, Board member
12
SEC EDGARAlan Hao Zong, Board member
13
NasdaqNasdaq calendar
14
SEC EDGARJinfeng Huang SCHEDULE 13G/A on Yatsen Holding Ltd
15
SEC EDGARBanyan Partners Fund III, L.P. SCHEDULE 13G/A on Yatsen Holding Ltd
16
SEC EDGARZhen Partners Management (TTGP) IV, Ltd. SC 13G/A on Yatsen Holding Ltd
17
SEC EDGARHHLR ADVISORS, LTD. SC 13G/A on Yatsen Holding Ltd
18
SEC EDGARXiaoping Xu SC 13G/A on Yatsen Holding Ltd
19
SEC EDGARYuwen Chen SC 13G/A on Yatsen Holding Ltd
20
SEC EDGARJianhua Lyu SC 13G/A on Yatsen Holding Ltd
21
SEC EDGARTIGER GLOBAL MANAGEMENT LLC SC 13G/A on Yatsen Holding Ltd