So-Young International Inc. (SY) Q3 2025 Earnings Call Transcript

Operator

Ladies and gentlemen, thank you for standing by for So-Young’s Third Quarter 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. After management gives their prepared remarks, there will be a question-and-answer session. As a reminder, today’s conference call is being recorded. I will now like to turn the meeting over to your host for today’s call, Ms. Mona Qiao. Please proceed, Mona.

Mona Qiao
Investor Relation Officer

Thank you, operator, and thank you, everyone, for joining So-Young’s Third Quarter 2025 Earnings Conference Call. Joining me today on the call is Mr. Xing Jin, our Founder, Chairman and CEO; and Mr. Nick Zhao, CFO.

Before we begin, please refer to the safe harbor statement in our earnings release, which applies today’s call, and we will be making forward-looking statements. Please also note that we will discuss non-GAAP measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under GAAP in our earnings release on our Investor Relations website and filings with SEC. At this time, I’d like to turn the call over to Mr. Xing Jin.

Xing Jin
Co-Founder, CEO & Chairman

[Interpreted] Hello, everyone, and welcome to today’s earnings call. In Q3, we continued to advance the strategic build-out of our branded aesthetic centers business, while deepening the foundation of its development and operating systems. Our long-term investments in the aesthetic center businesses are increasingly translating to a stable operating results. Total revenue for the quarter was RMB 387 million, including RMB 184 million from the aesthetic center business, up 305% year-over-year and