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新 氧 专业 医 美 先 搜 新 氧 So - Young Reports Unaudited Third Quarter Financial Results November 19 , 2021 BEIJING , Nov. 19 , 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 third quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights • Total revenues were RMB431.5 million ( US $ 67.0 million¹ ) , an increase of 20.0 % from RMB359.6 million in the same period of 2020 , in line with our previous guidance . • Net income attributable to So - Young International Inc. was RMB6.8 million ( US $ 1.1 million ) , an increase of 649.5 % from RMB0.9 million in the third quarter of 2020 . • Non - GAAP net income attributable to So - Young International Inc.² was RMB28.9 million ( US $ 4.5 million ) , an increase of 9.6 % from RMB26.4 million in the third quarter of 2020 . Third Quarter 2021 Operational Highlights • Average mobile MAUS were 8.0 million , compared with 8.7 million in the third quarter of 2020 . • Number of paying medical service providers on So - Young's platform were 4,841 , an increase of 18.2 % from 4,096 in the third quarter of 2020 . • Number of medical service providers subscribing to information services on So - Young's platform were 2,242 , compared with 2,146 in the third quarter of 2020 . • Total number of users purchasing reservation services were 174.2 thousand and the aggregate value of medical aesthetic treatment transactions facilitated by So - Young's platform was RMB755.4 million . Mr. Xing Jin , Co - Founder and Chief Executive Officer of So - Young , commented , " In the third quarter of 2021 , we continued to execute our growth strategy and delivered solid performance despite the challenges and impact of COVID - 19 in parts of China . Total revenues grew to RMB431.5 million , an increase of 20.0 % from the same period of 2020. Benefiting from our strategy being well received among medical service providers , the number of paying medical service providers on our platform reached 4,841 during the quarter , up 18.2 % from that of the prior year . " Mr. Jin continued , " We made steady progress on our operations during the quarter . On the business front , our team worked tirelessly with institutions to increase brand endorsements on the platform and in an effort to improve conversion rates . On the non - surgical side , we worked to ensure consistent standardization of non - surgical procedures and services , improve our fulfilment services , and guarantee the authenticity of products on our platform for customers . Looking ahead , I'm confident that we are on track for rapid growth and building a competitive moat in the long term . " Mr. Min Yu , Chief Financial Officer of So - Young , commented , " We achieved solid financial results with substantial profitability , which reflected the continuous optimization of our business model and effective cost control measures . Non - GAAP net income attributable to So - Young International Inc. was RMB28.9 million , an increase of 9.6 % from the third quarter of 2020. Going forward , we are strongly positioned to recover from the impact of the COVID - 19 pandemic and improve our monetization capabilities to generate long - term shareholder value . " Third Quarter 2021 Financial Results Revenues Total revenues were RMB431.5 million ( US $ 67.0 million ) , an increase of 20.0 % from RMB359.6 million in the same period of 2020. The increase was primarily due to an increase in the number of paying medical service providers and the consolidated revenues of RMB48.1 million ( US $ 7.5 million ) in the third quarter of 2021 from Wuhan Miracle Laser Systems , Inc. ( " Wuhan Miracle " ) , which was acquired on July 23 , 2021 . • Information services and other revenues were RMB369.7 million ( US $ 57.4 million ) , an increase of 39.2 % from RMB265.7 million in the same period of 2020. Other revenues primarily consist of product sales revenue from Wuhan Miracle , which was RMB48.1 million ( US $ 7.5 million ) . • Reservation services revenues were RMB61.7 million ( US $ 9.6 million ) , a decrease of 34.3 % from RMB93.9 million in the same period of 2020. The decrease was primarily due to the resurgence of COVID - 19 and the weaker - than - normal consumer sentiment which had a negative impact on our operations in several cities across the country . Cost of Revenues