So-Young International stock gains as Q2 revenue rises 33 percent

Published on 10/04/2026 at 18:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

So-Young International stock posted Q2 revenue of RMB 510 million, up 33 percent year over year. The USD 2.75 price on October 2 followed a 1.85 percent daily gain.

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So-Young International stock was last at USD 2.75 on Nasdaq on October 2, 2026, after a 1.85 percent daily gain. The company reported Q2 2026 revenue of RMB 510 million, up 33 percent year over year, according to ScanX on September 18, 2026.

Aesthetic treatments drive Q2 growth

The aesthetic treatment business generated RMB 330 million in Q2 2026 revenue, a 130 percent year-over-year increase. The segment therefore contributed roughly two-thirds of group revenue, making its expansion the central operating driver in the latest period.

So-Young's net loss narrowed 37 percent year over year to RMB 22.7 million in Q2 2026, while the clinic network expanded to 65 centers across 18 cities. The company said 47 centers were profitable and 51 generated positive operating cash flow in the quarter, according to ScanX.

Margins improve as clinics scale

Same-store sales growth reached 52 percent in Q2 2026, compared with 14 percent in the prior-year period. Verified visits exceeded 165,000, up 145 percent year over year, giving the company a quantified sign that growth is extending beyond new clinic openings.

The operating picture remains uneven. Information and reservation services revenue fell 35 percent year over year to RMB 87.9 million, while cost of revenues rose 53 percent to RMB 282.4 million in Q2 2026, according to ScanX. For investors, the key test is whether treatment growth can outpace the cost of building the branded clinic network.

Consensus points to a wide valuation gap

Analyst consensus published on September 1, 2026, showed 9 Buy ratings and 1 Hold rating, with an average target of CNY 5.38, according to Eulerpool. The target is stated in CNY, while the Nasdaq quote is in USD, so the two figures are not directly compared here.

So-Young's investor-relations page lists the Q2 2026 earnings release on August 31, 2026. Its latest operating data combine fast aesthetic-treatment growth with a narrower loss, but the falling legacy-services revenue and rising expansion costs remain material counterweights.

So-Young International stock after October 2

So-Young International stock was last at USD 2.75 on Nasdaq at 4:00 p.m. ET on October 2, 2026. Its market capitalization was USD 360.8 million on that date, and the 52-week range was USD 1.28 to USD 4.75.