Skincare drives Yatsen’s growth

Chinese beauty group Yatsen reported first-quarter 2026 revenue of RMB 1.02 billion (approximately €125 million), up 22.5% year on year. Growth was mainly fueled by its skincare portfolio, whose sales surged 58.5% and now account for more than half of total revenue. The company’s three flagship skincare brands — Galénic, Dr.Wu and Eve Lom — posted combined growth of 61.4%. Despite an improved gross margin of 80.2%, the owner of Perfect Diary reported a net loss of RMB 61.9 million (approximately €7.6 million), reflecting increased investments in marketing and R&D to support the expansion of its core brands.