Yatsen Results Presentation Deck

Revenue and Gross Margin (RMB MM) 1,528 4Q2021 Net Revenues -34.2% YoY 1,005 4Q2022 5,840 FY2021 -36.5% YoY 3,706 FY2022 Slow-down in Color Cosmetics Brands¹ partially offset by growth in Skincare Brands² +6.1 percentage points 65.0% 4Q2021 Gross Margin Note: ¹ Include net revenues from Perfect Diary, Little Ondine, Pink Bear and other color cosmetic brands. 2 Include net revenues from DR. WU (its mainland China business), Galénic, Eve Lom, Abby's Choice and other skincare brands. 71.1% 4Q2022 +1.2 percentage points 66.8% YSG 逸仙 FY2021 68.0% FY2022 Higher revenue contribution from Skincare Brands², stricter pricing and discount policies and cost optimization 15

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