So-Young narrows annual losses as branded aesthetic centers drive revenue growth

So-Young International (NASDAQ:SY), a life services platform in China, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025, on March 25, 2026.

The results reflect a period of significant structural transition as the company pivots toward a more integrated model involving physical service locations.

Total revenues for the fourth quarter rose to RMB460.7 million (US$65.9 million), a trajectory fueled primarily by the performance of the company’s branded aesthetic centers.

The bottom line showed a marked improvement over the prior year’s comparable period; So-Young’s fourth-quarter net loss narrowed to RMB108.8 million, down substantially from a loss of RMB607.6 million in the fourth quarter of 2024.

For the full fiscal year 2025, total revenue reached RMB1,523.4 million, with an annual net loss of RMB242.3 million.

Meanwhile, the company’s strategic shift into offline services reached a new milestone, with 49 branded aesthetic centers now in operation.

Management noted that 25 of these centers achieved profitability during the fourth quarter, suggesting a stabilizing operational model for its physical footprint.

In a move to signal confidence in its long-term valuation, So-Young also announced an extension of its existing share repurchase program.

The US$25 million buyback initiative, which was previously set to expire, has been extended through March 31, 2027.