So-Young International Inc. (SY) Gross margin 2019–2025
So-Young International Inc. (SY) gross margin by fiscal year — reported gross profit divided by reported revenue.
47.8%FY2025 · since FY2019: 82.8% → 47.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 47.8% | -13.5 pp |
| FY2024 | 61.3% | -2.4 pp |
| FY2023 | 63.7% | -5.1 pp |
| FY2022 | 68.7% | -11.9 pp |
| FY2021 | 80.6% | -3.0 pp |
| FY2020 | 83.6% | +0.9 pp |
| FY2019 | 82.8% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice