Image Source/DigitalVision via Getty Images Elevator Pitch I award a Buy investment rating to Yatsen Holding Limited ( NYSE: YSG ). Company Description In its media releases , YSG calls itself a "China-based beauty" business that owns multiple "color cosmetics and skincare brands" like its "flagship brand, Perfect Diary", which is among "the leading color cosmetics brands in China in terms of retail sales value." Yatsen's Key Color Cosmetic Brands At A Glance Yatsen's Corporate Website An Overview Of YSG's Main Skincare Brands Yatsen's Corporate Website The color cosmetics brands and the skincare brands accounted for 68.
3% and 31.7% of Yatsen's top line, respectively for most recent quarter as disclosed in its Q1 2024 results release . I will be primarily focusing on YSG's color cosmetics business for the purpose of this write-up.
This is because the color cosmetics brands contribute more than two-thirds of the company's latest first quarter revenue, and Perfect Diary is a prominent color cosmetics brand in China. YSG's Perfect Diary Brand Of Lipstick Products Are Bestsellers In China Yatsen's FY 2023 Investor Presentation Slides Latest Industry Sales Data Have Favorable Read-Throughs For YSG's 2024 Performance Cosmetics sales in China grew strongly by +18.7% YoY to RMB40.
6 million in May 2024, according to National Bureau of Statistics of China's most recent retail sales data release (translated using Google) on June 17. As a comparison, Mainland China's cosmetics sales cont.
