So-Young International Plunges 10.74% on Q2 Loss

On August 15, 2025, So-Young International's stock experienced a significant drop of 10.74% in pre-market trading, reflecting investor concerns over the company's recent financial performance.

So-Young International reported a non-GAAP net loss of RMB30.5 million ($4.3 million) for the second quarter, a stark contrast to the non-GAAP net income of RMB22.2 million recorded in the same period last year. This financial setback was primarily driven by a decline in revenue, which fell short of market expectations, leading to a nearly 8% drop in the company's share price.

The company's earnings per share (EPS) were mitigated by a share buyback program, which reduced the number of outstanding shares by approximately 5% over the year. However, the net margin decreased to 7.3%, indicating ongoing challenges in maintaining profitability.

Despite the current challenges, So-Young International's management remains focused on operational improvements and cost management to stabilize its financial performance. The company's strategic initiatives, including investments in research and development, are aimed at enhancing its competitive position in the market.