Yatsen Results Presentation Deck
Net Income (Loss) Margin
Reconciliation of Non-GAAP
Net Income (Loss)¹
(RMB M)
Net Income (Loss)
YoY
Share-based compensation expenses
Amortization of intangible assets resulting
from assets and business acquisitions
Revaluation of investments on the share of
equity method investments
Tax effects on non-GAAP adjustments
Non-GAAP Net Income (Loss)
YoY
3Q2022
(211)
91
12
(17)
(2)
(127)
3Q2023
(198)
-6.1%
53
14
3
(2)
(130)
+3.0%
(%)
Net Income (Loss) Margin
YoY
Reconciliation of Non-GAAP
Net Income (Loss) Margin
Share-based compensation expenses
Amortization of intangible assets resulting
from assets and business acquisitions
Revaluation of investments on the share of
equity method investments
Tax effects on non-GAAP adjustments
Non-GAAP Net Income (Loss) Margin
YoY
3Q2022
(24.6%)
10.7%
1.4%
(2.0%)
(0.2%)
(14.7%)
YSG1LL
3Q2023
(27.6%)
-3.0
percentage points
7.4%
1.9%
0.4%
(0.3%)
(18.1%)
-3.4
percentage points
Note:
¹ Non-GAAP net income (loss) is a non-GAAP financial measure. Non-GAAP net income (loss) is defined as net income (loss) excluding (i) share-based compensation expenses, (ii) amortization
of intangible assets resulting from assets and business acquisitions, (iii) revaluation of investments on the share of equity method investments, and (iv) tax effects on non-GAAP adjustments.
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