Yatsen: brands it owns and its ownership tree
Yatsen (NYSE: YSG) is a publicly listed company headquartered in Guangzhou, China that owns 5 consumer brands.[1][2]
Yatsen Holding is a Cayman Islands holding company headquartered in Guangzhou whose shares trade on the New York Stock Exchange as YSG and which files annual reports on Form 20-F. Its latest filing, for the year ended 31 December 2025, groups its brands into colour cosmetics (Perfect Diary, Little Ondine, Pink Bear) and skincare (Galénic, DR.WU for its mainland China business, Eve Lom). DR.WU is left off this list because neither source gives its country of origin; the company holds only that brand's mainland China business, not the brand worldwide.
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Company facts
- Legal name
- Yatsen Holding Limited (also Yatsen Group, YSG, 逸仙集团)
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇨🇳 Guangzhou, China
- Tickers
- NYSE: YSG
- Revenue
- CN¥4.3 billion (2025)[2]
- SEC CIK
- 0001819580
- Website
- www.yatsenglobal.com
- Last verified
- · 2 sources
What Yatsen's annual report says about its business
Read from Yatsen's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
Segments the filing names
- Color Cosmetics Brands, Skincare Brands:
The Group's principal operations are currently organized into three major segments on a product category basis, namely Color Cosmetics Brands, Skincare Brands and others.
- others:
The Group currently reports the results of operations in three segments on a product category basis, namely Color Cosmetics Brands, Skincare Brands and others.
Acquisitions and disposals named in the filing
- Acquired: Yalenic Global Holding Pte. Ltd. (April 2026), the remaining 10% equity interest.
In April 2026, Yatsen Global Pte. Ltd. acquired the remaining 10% equity interest in Yalenic Global Holding Pte. Ltd.
- Acquired: Gal nic; Eve Lom.
We have also acquired Gal nic and Eve Lom which have business operations, personnel and physical assets in Europe, U.S. and other geographies.
Yatsen in numbers
- Yatsen owns 5 consumer brands tracked here across 1 top-level categories; the largest is personal care & beauty with 5 brands.[1]
- 2 of its brands originated outside China.
Yatsen financial history
Headline figures from Yatsen's annual reports filed with the US Securities and Exchange Commission, in CNY as reported, fiscal years ending 2020–2025. Revenue moved from CN¥5.23bn to CN¥4.3bn, an average of -3.9% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| CN¥4.3bn | CN¥-185,794,000 | -4.3% | CN¥-80,868,000 | CN¥3.85bn | — | 20-F | |
| CN¥3.39bn | CN¥-824,891,000 | -24.3% | CN¥-708,174,000 | CN¥3.97bn | — | 20-F | |
| CN¥3.41bn | CN¥-913,355,000 | -26.7% | CN¥-747,763,000 | CN¥5.01bn | — | 20-F | |
| CN¥3.71bn | CN¥-928,898,000 | -25.1% | CN¥-815,371,000 | CN¥5.86bn | — | 20-F | |
| CN¥5.84bn | CN¥-1,624,244,000 | -27.8% | CN¥-1,540,734,000 | CN¥7.27bn | — | 20-F | |
| CN¥5.23bn | CN¥-2,682,671,000 | -51.3% | CN¥-2,687,807,000 | CN¥8.31bn | — | 20-F |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything Yatsen owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree →
Brand portfolio by category
Full portfolio, 5 brands, with sources → · Competitors by shared categories →
Recent changes to this record
Yatsen SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
Recent current and quarterly reports
Frequently asked questions
What brands does Yatsen own?
Yatsen owns 5 consumer brands tracked here, including Galénic, Perfect Diary, Eve Lom, Little Ondine and Pink Bear.
Is Yatsen a Chinese company?
Yes. Yatsen is headquartered in Guangzhou, China.
Who owns Yatsen?
Yatsen is a publicly listed company owned by its shareholders; it trades as YSG on the NYSE.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Yatsen Holding Limited Annual Report on Form 20-F filed 2026-04-29 — SEC EDGAR, SEC Form 20-F, published 29 April 2026; retrieved 3 October 2026.
- [2] Yatsen Holding Limited: Form 20-F for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 20-F, published 29 April 2026; retrieved 4 October 2026.
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