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Founder: ‘The fourth quarter was a challenging quarter, marked by soft consumer demand and intense competition in the color cosmetics segment.’
March 11, 2022
By: Lianna Albrizio
Associate Editor
Total net revenues for Yatsen Holding Limited, a leading Chinese beauty company, decreased by 22.1% in the fourth quarter for the full year ended Dec. 31, 2021 from RMB 1.53 billion ($239.8 million) from RMB1.96 billion in the prior year period, company officials announced March 11. Total net revenues for the full year of 2021 increased by 11.6% to RMB5.84 billion ($916.4 million) from RMB5.23 billion in the prior year period. Gross sales for the fourth quarter of 2021 decreased ...
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