Yatsen Holding 逸仙电商 Information

Founded in 2016, Yatsen Global (NYSE: YSG) is a multi-brand beauty group born in China with a growing global presence. In November 2020, Yatsen was listed on the New York Stock Exchange, becoming the first Chinese beauty company to go public in the U.S. Guided by its vision to become a world-class pioneer in beauty innovation, the Group has built a diversified brand portfolio across color cosmetics, functional skincare, and prestige skincare, including Perfect Diary, Little Ondine, Pink Bear, DR.WU’s Chinese Mainland business, Galénic, and EVE LOM. Through this portfolio, Yatsen continues to serve the increasingly diverse, personalized, and premium beauty needs of consumers worldwide. R&D innovation is a core engine of Yatsen’s long-term growth. Since 2020, the Group has invested more than RMB 700 million cumulatively in R&D, with R&D expenses accounting for more than 3% of total net revenues for four consecutive years. Yatsen has established R&D centers in Guangzhou, Shanghai, and Toulouse, France, and continues to integrate global scientific resources through its “1-3-4-6-20” R&D innovation framework, building systematic capabilities from fundamental research and efficacy validation to product commercialization. As of December 31, 2025, the Group had filed 269 patents globally, including 84 invention patent applications and 72 authorized invention patents. Yatsen’s business now spans key markets across Asia, Europe, and North America, with offices in Guangzhou, Shanghai, Toulouse, London, New York, Tokyo, and Paris. The Group has gradually built a global team with both international perspective and localized execution capabilities. At the same time, Yatsen regards sustainable development as a long-term corporate responsibility and has received an “A” ESG rating from MSCI for two consecutive years.