So Young International Inc - Understand $sy stock

$SY Market Cap: $85.68 Million

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Financial Snapshot

Revenue

$1.498B

TTM

Gross Margin

63.65%

TTM

Net Earnings

$21.30M

TTM

Current Assets

$1.722B

Q4 2023

Current Liabilities

$540.4M

Q4 2023

Current Ratio

318.63%

Q4 2023

Total Assets

$3.215B

Q4 2023

Total Liabilities

$770.4M

Q4 2023

Book Value

$2.444B

Q4 2023

Cash

$426.1M

Q4 2023

P/E

4.022

Sep 13, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$1.498B	$1.258B	$1.692B	$1.295B	$1.152B	$617.2M	$259.3M	$49.10M
YoY Change	19.09%	-25.68%	30.69%	12.45%	86.58%	138.03%	428.11%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$1.498B	$1.258B	$1.692B	$1.295B	$1.152B	$617.2M	$259.3M	$49.10M
Cost Of Revenue	$544.3M	$393.3M	$327.9M	$212.2M	$198.6M	$91.60M	$44.80M	$25.20M
Gross Profit	$953.7M	$864.6M	$1.365B	$1.083B	$953.0M	$525.7M	$214.5M	$23.90M
Gross Profit Margin	63.66%	68.73%	80.63%	83.61%	82.75%	85.17%	82.72%	48.68%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$811.2M	$732.3M	$1.045B	$910.3M	$630.6M	$381.8M	$157.2M	$80.20M
YoY Change	10.78%	-29.9%	14.76%	44.35%	65.17%	142.88%	96.01%
% of Gross Profit	85.06%	84.7%	76.56%	84.07%	66.17%	72.63%	73.29%	335.56%
Research & Development	$203.5M	$235.1M	$286.6M	$229.2M	$177.3M	$94.70M	$32.60M	$17.90M
YoY Change	-13.43%	-17.96%	25.03%	29.27%	87.22%	190.49%	82.12%
% of Gross Profit	21.34%	27.19%	21.0%	21.17%	18.6%	18.01%	15.2%	74.9%
Depreciation & Amortization	$6.492M	$6.827M	$30.08M	$14.10M	$6.100M	$1.700M	$600.0K	$600.0K
YoY Change	-4.91%	-77.3%	113.34%	131.15%	258.82%	183.33%	0.0%
% of Gross Profit	0.68%	0.79%	2.2%	1.3%	0.64%	0.32%	0.28%	2.51%
Operating Expenses	$1.015B	$967.4M	$1.331B	$1.140B	$807.9M	$476.5M	$189.7M	$98.20M
YoY Change	4.89%	-27.33%	16.83%	41.04%	69.55%	151.19%	93.18%
Operating Profit	-$61.05M	-$102.8M	$33.31M	-$56.70M	$145.1M	$49.20M	$24.80M	-$74.30M
YoY Change	-40.62%	-408.64%	-158.75%	-139.08%	194.92%	98.39%	-133.38%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$47.46M	$15.43M	$21.97M	$47.90M	$50.50M	$8.100M	$700.0K	-$6.600M
YoY Change	207.56%	-29.76%	-54.13%	-5.15%	523.46%	1057.14%	-110.61%
% of Operating Profit			65.96%		34.8%	16.46%	2.82%
Other Income/Expense, Net	$21.90M	$8.246M	$12.04M	$8.900M	$34.80M	$1.000M	-$12.20M	-$200.0K
YoY Change	165.56%	-31.53%	35.33%	-74.43%	3380.0%	-108.2%	6000.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$7.869M	-$87.07M	-$16.41M	$100.0K	$226.5M	$58.30M	$13.20M	-$81.00M
YoY Change	-109.04%	430.77%	-16505.0%	-99.96%	288.51%	341.67%	-116.3%
Income Tax	-$18.08M	-$20.97M	$21.23M	-$4.800M	$49.70M	$3.200M	-$4.000M	$0.00
% Of Pretax Income	-229.7%			-4800.0%	21.94%	5.49%	-30.3%
Net Earnings	$21.28M	-$65.55M	-$8.371M	$5.800M	$176.7M	$55.10M	$17.20M	-$81.00M
YoY Change	-132.46%	683.11%	-244.33%	-96.72%	220.69%	220.35%	-121.23%
Net Earnings / Revenue	1.42%	-5.21%	-0.49%	0.45%	15.34%	8.93%	6.63%	-164.97%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.27	-$0.79	-$102.5K	$69.21K	$2.791M	$714.7K	$223.1K	-$1.051M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$1.327B	$1.570B	$1.741B	$2.654B	$2.828B	$1.207B	$522.1M	$111.0M
YoY Change	-15.5%	-9.8%	-34.41%	-6.13%	134.28%	131.16%	370.36%
Cash & Equivalents	$426.1M	$694.4M	$1.332B	$1.127B	$884.7M	$563.4M	$440.9M	$18.40M
Short-Term Investments	$900.8M	$876.0M	$408.9M	$1.527B	$1.943B	$643.5M	$81.30M	$92.60M
Other Short-Term Assets	$186.5M	$141.8M	$91.47M	$65.10M	$84.10M	$50.20M	$16.90M	$11.60M
YoY Change	31.5%	55.03%	40.5%	-22.59%	67.53%	197.04%	45.69%
Inventory	$118.9M	$120.5M	$91.81M
Prepaid Expenses
Receivables	$80.38M	$50.79M	$73.69M	$69.10M	$39.50M	$20.40M	$13.40M	$2.700M
Other Receivables	$9.212M	$33.38M	$29.53M	$7.700M	$5.900M	$900.0K	$0.00	$15.50M
Total Short-Term Assets	$1.722B	$1.917B	$2.027B	$2.796B	$2.957B	$1.279B	$552.4M	$140.8M
YoY Change	-10.17%	-5.45%	-27.49%	-5.44%	131.29%	131.44%	292.33%
Property, Plant & Equipment	$235.2M	$179.1M	$220.2M	$150.0M	$176.8M	$3.300M	$1.000M	$1.400M
YoY Change	31.33%	-18.67%	46.79%	-15.16%	5257.58%	230.0%	-28.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$261.0M	$228.0M	$252.5M	$166.1M	$46.00M	$14.80M	$5.700M	$7.900M
YoY Change	14.5%	-9.72%	52.02%	261.09%	210.81%	159.65%	-27.85%
Other Assets	$310.5M	$164.0M	$95.62M	$71.40M	$50.10M	$44.00M	$9.300M	$100.0K
YoY Change	89.29%	71.55%	33.92%	42.51%	13.86%	373.12%	9200.0%
Total Long-Term Assets	$1.493B	$1.281B	$1.303B	$496.0M	$273.0M	$62.00M	$16.00M	$9.300M
YoY Change	16.52%	-1.68%	162.69%	81.68%	340.32%	287.5%	72.04%
Total Assets	$3.215B	$3.198B	$3.330B	$3.292B	$3.230B	$1.341B	$568.4M	$150.1M
YoY Change
Accounts Payable	$388.0K	$5.895M	$681.0K	$2.400M	$2.600M	$900.0K	$0.00	$10.40M
YoY Change	-93.42%	765.64%	-71.63%	-7.69%	188.89%		-100.0%
Accrued Expenses	$349.9M	$347.4M	$524.0M	$373.0M	$304.6M	$142.7M	$84.40M	$38.50M
YoY Change	0.73%	-33.7%	40.48%	22.46%	113.45%	69.08%	119.22%
Deferred Revenue
YoY Change
Short-Term Debt	$29.83M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$540.4M	$538.0M	$712.4M	$570.9M	$466.5M	$302.2M	$140.9M	$54.90M
YoY Change	0.44%	-24.48%	24.79%	22.38%	54.37%	114.48%	156.65%
Long-Term Debt		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$87.75M	$20.97M	$62.36M	$93.00M	$120.8M
YoY Change	318.4%	-66.37%	-32.95%	-23.01%
Total Long-Term Liabilities	$87.75M	$20.97M	$62.36M	$93.00M	$120.8M	$0.00	$0.00	$0.00
YoY Change	318.4%	-66.37%	-32.95%	-23.01%
Total Liabilities	$770.4M	$699.9M	$884.2M	$695.6M	$587.3M	$302.2M	$140.9M	$54.90M
YoY Change	10.07%	-20.84%	27.11%	18.44%	94.34%	114.48%	156.65%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	77.65M	82.67M	81.68M	81.53M
Diluted Shares Outstanding	78.05M	82.67M	81.68M	83.78M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $85.678 Million

About So-Young International Inc

So-Young International, Inc. engages in the operation of a medical aesthetic service platform. The company is headquartered in Beijing, Beijing and currently employs 1,357 full-time employees. The company went IPO on 2019-05-02. The firm operates through two segments: Information Services segment and Reservation Services segment.

Industry: Services-Computer Processing & Data Preparation Peers: 36Kr Holdings Inc 9F Inc Cheer Holding Inc Luokung Technology Corp