SYNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31

So-Young International Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 23, 2026

$2.25−0.02 (-0.88%)

Close on Oct 19, 2026

So-Young International Inc. balance sheet

Annual Quarterly

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Cash & Equivalents	418	588	426	701	1,344	1,146	901	563	441	18
Cash & Short-Term Investments	418	588	426	701	1,344	1,146	901	563	441	18
Receivables	52	99	57	36	55	53	26	10	–	–
Inventory	233	152	119	120	92	–	–	–	–	–
Prepaid Expenses & Other	246	195	172	127	92	43	68	50	–	–
Other Current Assets	9.35	9.94	6.03	2.38	3.08	0.28	0.04	0.45	–	–
Total Current Assets	1,485	1,724	1,722	1,917	2,027	2,796	2,957	1,278	–	–
Property, Plant & Equipment	294	155	117	116	125	30	32	3.25	–	–
Gross Property, Plant & Equipment	424	249	189	170	156	46	39	4.88	–	–
Accumulated Depreciation	-122	-91	-69	-51	-31	-16	-6.01	-1.62	–	–
Long-Term Investments	275	280	261	228	253	166	46	15	5.66	–
Equity Method Investments	22	27	22	3.15	20	9.20	13	–	–	–
Operating Lease Right-of-Use Assets	252	163	118	63	96	120	144	–	–	–
Goodwill	0.68	0.68	541	541	541	49	–	–	–	–
Intangible Assets	144	127	145	169	194	60	0.73	–	–	–
Deferred Tax Assets	69	85	78	65	48	56	35	31	–	–
Other Long-Term Assets	131	200	232	99	48	16	14	1.63	–	–
Total Assets	2,650	2,735	3,215	3,198	3,330	3,292	3,230	1,341	–	–
Short-Term Debt	40	70	30	–	–	–	–	–	–	–
Current Debt	40	70	30	–	–	–	–	–	–	–
Current Portion of Leases	77	45	30	50	44	39	38	–	–	–
Current Income Taxes Payable	6.20	18	17	31	27	38	46	30	–	–
Deferred Revenue (Current)	66	77	103	110	139	135	94	117	–	–
Other Current Liabilities	0.62	0.48	0.39	5.90	–	–	–	–	–	–
Total Current Liabilities	784	630	540	538	712	571	467	302	–	–
Long-Term Leases	183	125	86	21	62	93	121	–	–	–
Operating Lease Liabilities	260	170	116	71	106	133	159	–	–	–
Deferred Tax Liabilities	11	20	25	31	39	8.52	–	–	–	–
Other Long-Term Liabilities	2.78	1.26	1.54	–	–	–	–	–	–	–
Total Liabilities	981	776	653	590	813	672	587	302	–	–
Total Debt	40	70	30	–	–	–	–	–	–	–
Additional Paid-In Capital	3,060	3,070	3,080	3,044	3,000	2,892	2,799	–	–	–
Retained Earnings	-1,175	-926	-330	-347	-272	-254	-259	-394	–	–
Treasury Stock	-392	-377	-358	-233	-218	–	–	–	–	–
Comprehensive Income & Other	13	32	18	4.11	-84	-52	92	36	–	–
Shareholders' Equity	1,553	1,839	2,444	2,498	2,446	2,596	2,643	-358	-167	-156
Noncontrolling Interest	116	120	117	110	71	–	–	–	–	–
Total Equity	1,669	1,959	2,561	2,608	2,517	2,596	2,643	-358	-167	-156
Total Liabilities & Equity	2,650	2,735	3,215	3,198	3,330	3,292	3,230	1,341	–	–
Shares Outstanding(shares)	–	–	–	–	–	70	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 47.8%
Operating margin: -18.8%
Net margin: -15.9%
Return on equity, FY2025: -14.3%

Financial strength

Current ratio: 1.89
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 53.3%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.