So-Young International reported unaudited second-quarter 2026 revenue of RMB505.2 million ($74.5 million), up 33.4% from the same period in 2025, driven by expansion of its branded aesthetic centers. Aesthetic treatment services revenue surged 129.5% to RMB331.4 million ($48.8 million), exceeding the high end of guidance and marking the tenth consecutive quarter of triple-digit growth. Net loss attributable to the company narrowed to RMB22.7 million ($3.3 million), from RMB36.0 million ($5.3 million) a year earlier, while non-GAAP net loss, which excludes share-based compensation expenses, fell to RMB21.0 million ($3.1 million) from RMB30.5 million. Verified treatment visits rose 145% to approximately 165,200, and verified treatments increased 134% to more than 362,300. Active users exceeded 255,300, up 154% year over year. Core members grew by more than 15,000 during the quarter, a sequential increase of about 24%, contributed more than 80% of aesthetic treatment services revenue and recorded a quarterly repurchase rate of nearly 70%. As of June 30, So-Young operated 65 branded aesthetic centers in 18 major Chinese cities, including 63 directly operated and two franchised sites. Forty-seven centers were profitable and 51 generated positive quarterly operating cash flow, based on unaudited internal management metrics. Same-store sales growth reached 52%, versus 14% a year earlier. For the third quarter, the company expects aesthetic treatment services revenue of RMB352.0 million to RMB362.0 million, representing growth of 91.7% to 97.2% from the same period in 2025, although the outlook remains subject to market conditions, operating conditions and customer demand.