Yatsen Holding Limited reported second quarter 2026 financial results showing total net revenues of RMB1.14 billion (US$168.3 million), a 5.1% increase year-over-year, driven by a 40.4% surge in skincare brands to RMB816.1 million. This growth offset a 35.8% decline in color cosmetics revenues. The company posted a net loss of RMB90.8 million (US$13.4 million), widening from RMB19.5 million in the prior year period, with gross margin contracting to 73.9% from 78.3%. Operating expenses rose 7.7% to RMB975.7 million as selling and marketing spend increased to 70.7% of revenue. Management announced the appointment of Ms. Li Wang as Co-Chief Financial Officer effective September 2, 2026, who is expected to succeed CFO Donghao Yang after the annual report. For the third quarter, Yatsen forecasts total net revenues between RMB898.6 million and RMB998.4 million, representing a year-over-year decrease of approximately 0% to 10%. Yatsen Holding Limited is a leading China-based beauty group that develops and sells color cosmetics and skincare brands.