Yatsen Results Presentation Deck

Revenue and Gross Margin (RMB MM) 952 2Q2022 Net Revenues -9.8% YoY 859 2Q2023 Slow-down in Color Cosmetics Brands¹ partially offset by growth in Skincare Brands² +11.9 percentage points YoY 62.9% Gross Margin 2Q2022 74.7% Notes: 1 Include net revenues from Perfect Diary, Little Ondine, Pink Bear and other color cosmetic brands of the Company. 2 Include net revenues from DR.WU (its mainland China business), Galénic, Eve Lom, Abby's Choice and other skincare brands of the Company. 2Q2023 YSG1L Higher revenue contribution from Skincare Brands², more disciplined pricing and discount policies and cost optimization 13

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