Yatsen Results Presentation Deck
Net Income (Loss) Margin
Reconciliation of Non-GAAP Net
Income (Loss)¹
(RMB MM)
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
1Q22
(291)
126
12
2
(2)
(154)
1Q23
51
N/A
(67)
12
(19)
(2)
(26)
-83.2%
(%)
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
1Q22
(32.7%)
14.1%
1.4%
0.2%
(0.2%)
(17.2%)
YSG1L
1Q23
6.6%
+39.3
percentage points
(8.8%)
1.6%
(2.5%)
(0.3%)
(3.4%)
+ 13.9
percentage points
Note:
¹ Non-GAAP net income (loss) is a non-GAAP financial measure. Effective from the third quarter of 2022, 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, and non-GAAP net income (loss) for the prior year period presented in this document is also calculated in the same manner.
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