Earnings release
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新 氧 专业 医 美 先 搜 新 氧 So - Young Reports Unaudited Second Quarter Financial Results September 10 , 2021 BEIJING , Sept. 10 , 2021 ( GLOBE NEWSWIRE ) -- So - Young International Inc. ( Nasdaq : SY ) ( " So - Young " or the " Company " ) , the largest and most vibrant social community in China for consumers , professionals and service providers in the medical aesthetics industry , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Financial Highlights • Total revenues were RMB451.8 million ( US $ 70.0 million¹ ) , an increase of 37.7 % from RMB328.2 million in the same period of 2020 and exceeding the high - end of the Company's previous guidance of RMB450 million . • Net income attributable to So - Young International Inc. was RMB57.6 million ( US $ 8.9 million ) , representing year - over - year growth of 26 times . • Non - GAAP net income attributable to So - Young International Inc.² was RMB73.7 million ( US $ 11.4 million ) , an increase of 145.2 % from RMB30.1 million in the second quarter of 2020 . Second Quarter 2021 Operational Highlights • Average mobile MAUS were 10.0 million , an increase of 47.5 % from 6.8 million in the second quarter of 2020 . • Total number of users purchasing reservation services were 244.8 thousand , an increase of 43.6 % from 170.6 thousand in the second quarter of 2020 . • Number of paying medical service providers on So - Young's platform were 4,899 , an increase of 31.2 % from 3,735 in the second quarter of 2020 . • Number of medical service providers subscribing to information services on So - Young's platform were 2,236 , an increase of 8.8 % from 2,056 in the second quarter of 2020 . • Aggregate value of medical aesthetic treatment transactions facilitated by So - Young's platform was RMB1,039.3 million , an increase of 10.6 % from RMB939.6 million in the second quarter of 2020 . Mr. Xing Jin , Co - Founder and Chief Executive Officer of So - Young , commented , " We are very pleased to report another quarter of strong growth with total revenues exceeding the high - end of our guidance at RMB451.8 million , up 37.7 % year - over - year . Net income attributable to So - Young International Inc. was RMB57.6 million , representing year - over - year growth of 26 times . Non - GAAP net income attributable to So - Young International Inc. reached RMB73.7 million , an increase of 145.2 % from the second quarter of 2020. In June , we announced the acquisition of a controlling interest in Wuhan Miracle Laser Systems . The strategic investment will give us a competitive edge in the non - surgical aesthetics segment and generate synergies by integrating Wuhan Miracle's products into our existing services . " " In the second quarter , we continued to grow our customer base with the deep knowledge of popular trends that our platform has accumulated over the years . Average mobile MAUS were 10.0 million , up 47.5 percent year - over - year . To meet the explosive demand in non - surgical categories which made up 70 % of total online reservation orders during the quarter , we implemented a series of operational measures to strengthen our capabilities . Looking forward , we believe the Chinese medical aesthetics industry is well on track for rapid growth , and we are committed to building So - Young as the most trustworthy medical aesthetics platform in China , " said Mr. Jin . Mr. Min Yu , Chief Financial Officer of So - Young , commented , " We achieved strong financial results with substantially improved profitability . Thanks to our strong user growth and renowned brand name , the number of paying medical service providers on our platform grew by 31.2 % year - over - year to 4,899 . We also made great progress in developing more popular categories such as premium dental services . With solid growth as our basis , we will continuously deliver long - term value for our shareholders . " Second Quarter 2021 Financial Results Revenues Total revenues were RMB451.8 million ( US $ 70.0 million ) , an increase of 37.7 % from RMB328.2 million in the same period of 2020. The increase was primarily due to an increase in average revenue per paying medical service provider . • Information services revenues were RMB360.7 million ( US $ 55.9 million ) , an increase of 53.8 % from RMB234.5 million in the same period of 2020 .