Yatsen Holding Limited (YSG) 20-F 26 Apr 23 2022 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	Yatsen Holding Limited
Entity Central Index Key	0001819580
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity File Number	001-39703
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Building No. 35, Art Port International Creation Center
Entity Address, Address Line Two	No. 2519 Xingang East Road, Haizhu District
Entity Address, City or Town	Guangzhou
Entity Address, Country	CN
Entity Address, Postal Zip Code	510330
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
ICFR Auditor Attestation Flag	true
Document Accounting Standard	U.S. GAAP
Auditor Firm ID	1424
Auditor Name	PricewaterhouseCoopers Zhong Tian LLP
Auditor Location	Guangzhou, the People’s Republic of China
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	Building No. 35, Art Port International Creation Center,
Entity Address, Address Line Two	No. 2519 Xingang East Road, Haizhu District
Entity Address, City or Town	Guangzhou
Entity Address, Country	CN
Entity Address, Postal Zip Code	510330
Contact Personnel Name	Donghao Yang
City Area Code	+86
Local Phone Number	20-3837 3543
Class A Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	2,030,600,883
Title of 12(b) Security	Class A ordinary shares, par value US$0.00001 per share
Security Exchange Name	NYSE
No Trading Symbol Flag	true
Class B Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	666,572,880
American Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares, each representing four Class A ordinary shares, par value US$0.00001 per share
Trading Symbol	YSG
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS ¥ in Thousands, $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Current assets
Cash and cash equivalents	$ 219,356	¥ 1,512,945	¥ 3,138,008
Short-term investment	155,551	1,072,867
Accounts receivable	29,119	200,843	355,837
Inventories	61,371	423,287	695,761
Prepayments and other current assets	42,456	292,825	366,191
Amounts due from related parties	820	5,654	60
Total current assets	508,673	3,508,421	4,555,857
Non-current assets
Restricted cash	6,000	41,383
Investments	72,867	502,579	350,380
Property and equipment, net	10,964	75,619	245,314
Goodwill	124,274	857,145	869,421
Intangible assets, net	99,993	689,669	745,851
Deferred tax assets	283	1,951	2,000
Right-of-use assets, net	19,284	133,004	422,966
Other non-current assets	7,668	52,885	80,220
Total non-current assets	341,333	2,354,235	2,716,152
Total assets	850,006	5,862,656	7,272,009
Current liabilities
Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Group of RMB11,765 and RMB8,813 as of December 31, 2021 and 2022, respectively)	17,376	119,847	240,815
Advances from customers (including advances from customers of the consolidated VIEs without recourse to the Group of RMB14,262 and RMB5,892 as of December 31, 2021 and 2022, respectively)	2,414	16,652	20,680
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the consolidated VIEs without recourse to the Group of RMB18,727 and RMB16,624 as of December 31, 2021 and 2022, respectively)	46,868	323,259	370,531
Amounts due to related parties	3,950	27,242	13,967
Income tax payables (including income tax payables of the consolidated VIEs without recourse to the Group of RMB1,005 and RMB929 as of December 31, 2021 and 2022, respectively)	3,164	21,826	16,747
Lease liabilities due within one year (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB74 and RMB78 as of December 31, 2021 and 2022, respectively)	11,539	79,586	214,843
Total current liabilities	85,311	588,412	877,583
Non-current liabilities
Deferred tax liabilities	16,447	113,441	124,450
Deferred income-non current	6,565	45,280	56,180
Lease liabilities (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB78 and nil as of December 31, 2021 and 2022, respectively)	7,684	52,997	206,303
Total non-current liabilities	30,696	211,718	386,933
Total liabilities	116,007	800,130	1,264,516
Commitments and contingencies
Redeemable non-controlling interests	49,284	339,924	338,587
Shareholders’ equity (deficit)
Ordinary shares	25	173	173
Treasury shares	(97,018)	(669,150)	(22,330)
Additional paid-in capital	1,745,462	12,038,802	11,697,942
Statutory reserves	3,505	24,177	21,352
Accumulated deficit	(956,963)	(6,600,365)	(5,782,169)
Accumulated other comprehensive loss	(10,754)	(74,195)	(255,780)
Total Yatsen Holding Limited shareholders' equity	684,257	4,719,442	5,659,188
Non-controlling interests	458	3,160	9,718
Total shareholders' equity	684,715	4,722,602	5,668,906
Total liabilities, redeemable non-controlling interests and shareholders" equity	$ 850,006	¥ 5,862,656	¥ 7,272,009

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2021 CNY (¥) shares
Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Group of RMB11,765 and RMB8,813 as of December 31, 2021 and 2022, respectively)	¥ 119,847,000	¥ 240,815,000
Advances from customers (including advances from customers of the consolidated VIEs without recourse to the Group of RMB14,262 and RMB5,892 as of December 31, 2021 and 2022, respectively)	16,652,000	20,680,000
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the consolidated VIEs without recourse to the Group of RMB18,727 and RMB16,624 as of December 31, 2021 and 2022, respectively)	323,259,000	370,531,000
Income tax payables (including income tax payables of the consolidated VIEs without recourse to the Group of RMB1,005 and RMB929 as of December 31, 2021 and 2022, respectively)	21,826,000	16,747,000
Lease liabilities due within one year (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB74 and RMB78 as of December 31, 2021 and 2022, respectively)	79,586,000	214,843,000
Lease liabilities (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB78 and nil as of December 31, 2021 and 2022, respectively)	¥ 52,997,000	¥ 206,303,000
Common stock, shares authorized | shares	10,000,000,000	10,000,000,000
Common stock, shares designated | shares	3,039,147,394	3,039,147,394
Variable Interest Entity Primary Beneficiary
Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Group of RMB11,765 and RMB8,813 as of December 31, 2021 and 2022, respectively)	¥ 8,813,000	¥ 11,765,000
Advances from customers (including advances from customers of the consolidated VIEs without recourse to the Group of RMB14,262 and RMB5,892 as of December 31, 2021 and 2022, respectively)	5,892,000	14,262,000
Income tax payables (including income tax payables of the consolidated VIEs without recourse to the Group of RMB1,005 and RMB929 as of December 31, 2021 and 2022, respectively)	929,000	1,005,000
Lease liabilities due within one year (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB74 and RMB78 as of December 31, 2021 and 2022, respectively)	78,000	74,000
Lease liabilities (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB78 and nil as of December 31, 2021 and 2022, respectively)		78,000
Variable Interest Entity Primary Beneficiary | Without Recourse
Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Group of RMB11,765 and RMB8,813 as of December 31, 2021 and 2022, respectively)	8,813,000	11,765,000
Advances from customers (including advances from customers of the consolidated VIEs without recourse to the Group of RMB14,262 and RMB5,892 as of December 31, 2021 and 2022, respectively)	5,892,000	14,262,000
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the consolidated VIEs without recourse to the Group of RMB18,727 and RMB16,624 as of December 31, 2021 and 2022, respectively)	16,624,000	18,727,000
Income tax payables (including income tax payables of the consolidated VIEs without recourse to the Group of RMB1,005 and RMB929 as of December 31, 2021 and 2022, respectively)	929,000	1,005,000
Lease liabilities due within one year (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB74 and RMB78 as of December 31, 2021 and 2022, respectively)	78,000	74,000
Lease liabilities (including lease liabilities of the consolidated VIEs without recourse to the Group of RMB78 and nil as of December 31, 2021 and 2022, respectively)	¥ 0	¥ 78,000
Class A Ordinary Shares
Common stock, shares authorized | shares	6,000,000,000	6,000,000,000
Common stock, shares issued | shares	2,030,600,883	1,938,303,919
Common stock, shares outstanding | shares	1,569,677,384	1,789,239,887
Class B Ordinary Shares
Common stock, shares authorized | shares	960,852,606	960,852,606
Common stock, shares issued | shares	666,572,880	758,869,844
Common stock, shares outstanding | shares	666,572,880	737,513,429

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares
Income Statement [Abstract]
Total net revenues	¥ 3,706,122	$ 537,337	¥ 5,839,973	¥ 5,233,170
Total cost of revenues	(1,187,370)	(172,152)	(1,941,177)	(1,869,145)
Gross profit	2,518,752	365,185	3,898,796	3,364,025
Operating expenses:
Fulfilment expenses	(269,886)	(39,130)	(434,018)	(425,052)
Selling and marketing expenses	(2,330,480)	(337,888)	(4,005,589)	(3,412,159)
General and administrative expenses	(720,409)	(104,449)	(941,347)	(2,142,973)
Research and development expenses	(126,875)	(18,395)	(142,086)	(66,512)
Total operating expenses	(3,447,650)	(499,862)	(5,523,040)	(6,046,696)
Loss from operations	(928,898)	(134,677)	(1,624,244)	(2,682,671)
Financial income	34,656	5,025	45,658	14,313
Foreign currency exchange losses	(35,357)	(5,126)	(1,751)	(2,774)
Income (loss) from equity method investments, net	12,548	1,819	5,978	(293)
Impairment loss of investments	(5,078)	(736)	(1,375)
Other (expenses) income, net	103,501	15,006	27,775	(10,020)
Loss before income tax expenses	(818,628)	(118,689)	(1,547,959)	(2,681,445)
Income tax (expenses) benefit	(2,705)	(392)	921	(6,970)
Net loss	(821,333)	(119,081)	(1,547,038)	(2,688,415)
Less: Net loss attributable to non-controlling interests and redeemable non-controlling interests	(5,962)	(864)	(6,304)	(608)
Net loss attributable to the Yatsen Holding Limited's shareholders	(815,371)	(118,217)	(1,540,734)	(2,687,807)
Accretion to preferred shares | ¥				(242,209)
Deemed dividends due to modification of preferred shares | ¥				(1,054,220)
Net loss attributable to ordinary shareholders of Yatsen Holding Limited	¥ (815,371)	$ (118,217)	¥ (1,540,734)	¥ (3,984,236)
Net loss per ordinary share
Net loss per ordinary share-basic | (per share)	¥ (0.34)	$ (0.05)	¥ (0.61)	¥ (4.78)
Net loss per ordinary share-diluted | (per share)	¥ (0.34)	$ (0.05)	¥ (0.61)	¥ (4.78)
Weighted average number of ordinary shares used in computing net loss per ordinary share
Ordinary shares—basic | shares	2,372,728,777	2,372,728,777	2,526,833,201	833,714,126
Ordinary shares—diluted | shares	2,372,728,777	2,372,728,777	2,526,833,201	833,714,126

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Statement of Comprehensive Income [Abstract]
Net loss	¥ (821,333)	$ (119,081)	¥ (1,547,038)	¥ (2,688,415)
Other comprehensive income (loss)
Foreign currency translation adjustment, net of nil tax	181,585	26,327	(158,515)	(111,697)
Total comprehensive loss	(639,748)	(92,754)	(1,705,553)	(2,800,112)
Less: Comprehensive loss attributable to the non-controlling interests	(5,962)	(864)	(6,304)	(608)
Comprehensive loss attributable to the Yatsen Holding Limited's shareholders	¥ (633,786)	$ (91,890)	¥ (1,699,249)	¥ (2,799,504)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) ¥ in Thousands, $ in Thousands	CNY (¥) shares	USD ($) shares	Ordinary Shares CNY (¥) shares	Treasury Shares CNY (¥) shares	Additional Paid-in Capital CNY (¥)	Statutory Reserves CNY (¥)	Accumulated Deficit CNY (¥)	Accumulated Other Comprehensive Income (Loss) CNY (¥)	Non-controlling interests CNY (¥)
Balance at Dec. 31, 2019	¥ (55,800)		¥ 56	¥ (20)		¥ 19,322	¥ (89,590)	¥ 14,432
Balance, shares at Dec. 31, 2019 | shares			914,575,197	(347,239,975)
Issuances of restricted shares to founders			¥ 6	¥ (6)
Issuances of restricted shares to founders, shares | shares			93,753,239	(93,753,239)
Share-based compensation of founders' restricted shares	1,030,178			¥ 26	¥ 1,030,152
Share-based compensation of founders' restricted shares, shares | shares				440,993,214
Repurchases of ordinary shares	¥ (483,622)		¥ (4)		(351,328)		(132,290)
Repurchases of ordinary shares, shares | shares	(62,388,247)	(62,388,247)	(62,388,247)
Deemed share-based compensation related to repurchases of ordinary shares	¥ 146,294				146,294
Issuances of shares due to exercise of share options			¥ 1		(1)
Issuances of shares due to exercise of share options, shares | shares			15,518,385
Share-based compensation related to accelerated vesting of share options	138,729				138,729
Share-based compensation related to vesting of share options	279,908				279,908
Issuances of shares to Share Incentive Plan Trust			¥ 12	¥ (12)
Issuances of shares to Share Incentive Plan Trust, shares | shares			170,719,987	(170,719,987)
Deemed dividend to preferred shareholders due to modification of preferred shares	(1,054,220)						(1,054,220)
Deemed repurchase of ordinary shares resulting from redesignation of founder's ordinary shares to preferred shares	(33,290)		¥ (1)				(33,289)
Deemed repurchase of ordinary shares resulting from redesignation of founder's ordinary shares to preferred shares, shares | shares			(6,443,998)
Accretion on preferred shares to redemption value	(242,209)						(242,209)
Appropriation to statutory reserves						729	(729)
Net loss	(2,688,415)						(2,687,807)		¥ (608)
Foreign currency translation adjustment	(111,697)							(111,697)
Conversion of convertible redeemable preferred shares	5,569,318		¥ 85		5,569,233
Conversion of convertible redeemable preferred shares,shares | shares			1,301,189,200
Issuance of ordinary shares upon initial public offering	4,352,728		¥ 18		4,352,710
Issuance of ordinary shares upon initial public offering, shares | shares			270,250,000
Capital injection from non-controlling interests	15,692								15,692
Balance at Dec. 31, 2020	6,863,594		¥ 173	¥ (12)	11,165,697	20,051	(4,240,134)	(97,265)	15,084
Balance, shares at Dec. 31, 2020 | shares			2,697,173,763	(170,719,987)
Repurchases of ordinary shares	(22,319)			¥ (22,319)
Repurchases of ordinary shares, shares | shares				(7,387,292)
Issuances of shares due to exercise of share options	¥ 1,920			¥ 1	1,919
Issuances of shares due to exercise of share options, shares | shares	7,686,832	7,686,832		7,686,832
Share-based compensation related to accelerated vesting of share options	¥ 66,429				66,429
Share-based compensation related to vesting of share options	464,011				464,011
Appropriation to statutory reserves						1,301	(1,301)
Net loss	(1,547,038)						(1,540,734)		(6,304)
Foreign currency translation adjustment	(158,515)							(158,515)
Acquisition of a subsidiary	228								228
Transaction with non-controlling interests					(114)				114
Capital injection from non-controlling interests	596								596
Balance at Dec. 31, 2021	5,668,906		¥ 173	¥ (22,330)	11,697,942	21,352	(5,782,169)	(255,780)	9,718
Balance, shares at Dec. 31, 2021 | shares			2,697,173,763	(170,420,447)
Repurchases of ordinary shares	(646,820)			¥ (646,820)
Repurchases of ordinary shares, shares | shares				(290,503,052)
Share-based compensation related to accelerated vesting of share options	(64,660)				(64,660)
Share-based compensation related to vesting of share options	392,727				392,727
Related to modification of exercise price of share options on modification day	12,793				12,793
Others	(596)								(596)
Appropriation to statutory reserves						2,825	(2,825)
Net loss	(821,333)	$ (119,081)					(815,371)		(5,962)
Foreign currency translation adjustment	181,585	26,327						181,585
Balance at Dec. 31, 2022	¥ 4,722,602	$ 684,715	¥ 173	¥ (669,150)	¥ 12,038,802	¥ 24,177	¥ (6,600,365)	¥ (74,195)	¥ 3,160
Balance, shares at Dec. 31, 2022 | shares			2,697,173,763	(460,923,499)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Cash Flows from Operating Activities
Net loss	¥ (821,333)	$ (119,081)	¥ (1,547,038)	¥ (2,688,415)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment	114,047	16,535	130,666	74,551
Amortization of intangible assets	56,848	8,242	50,705	3,476
Share-based compensation	340,860	49,420	530,440	1,900,588
Amortization of right-of-use assets	168,369	24,411	245,893	185,843
Recognition of deferred income	(14,934)	(2,165)	(14,515)
Impairment allowance of inventory	(3,079)	(446)	87,045	21,496
Deferred income tax expenses (benefits)	(8,360)	(1,212)	(5,428)	3,451
Impairment of and loss on disposal of property and equipment	80,288	11,641	36,231	15,072
Loss on disposal of intangible assets	920	133	2,672	27
Gain from acquisition of a joint venture			(2,094)
Impairment of investments	5,078	736	1,375
Share of (income) loss from equity investments	(12,548)	(1,819)	(5,978)	293
Provision for expected credit loss				2,643
Changes in operating assets and liabilities:
Accounts receivable	154,995	22,472	99,745	(154,015)
Interest receivables on short-term investments	319	46
Prepayments and other current assets	65,916	9,557	(42,715)	(190,621)
Inventories	277,997	40,306	(109,930)	(134,255)
Other non-current assets	27,335	3,963	(18,961)	(25,752)
Amounts due from related parties	(5,594)	(811)	1,260	(564)
Amounts due to related parties	13,275	1,925	2,153	11,814
Accounts payable	(120,970)	(17,539)	(244,444)	66,163
Accrued expenses and other liabilities	(17,303)	(2,509)	(63,683)	174,698
Advances from customers	(4,028)	(584)	14,376	3,051
Deferred income			71,668
Income tax payables	5,079	736	(1,437)	(55,958)
Lease liabilities	(166,969)	(24,208)	(238,447)	(196,954)
Net cash provided by (used in) operating activities	136,208	19,749	(1,020,441)	(983,368)
Cash Flows from Investing Activities
Purchases of intangible assets	(8,550)	(1,240)	(25,304)	(159,010)
Purchases of property and equipment	(50,778)	(7,362)	(141,433)	(225,569)
Proceeds from disposal of property and equipment	4,099	594		471
Purchases of short-term investments	(2,421,802)	(351,128)
Sales of short-term investments	1,459,564	211,617		10,000
Acquisition of businesses, net of cash and cash equivalents acquired	(2,107)	(305)	(989,652)	(3,196)
Investments on equity investments	(135,842)	(19,695)	(322,825)	(35,552)
Pre-paid consideration for an acquisition			(5,043)	(95,976)
Net Cash used in Investing Activities	(1,155,416)	(167,519)	(1,484,257)	(508,832)
Cash Flows from Financing Activities
Proceeds from short-term borrowings				10,000
Repayments for short-term borrowings			(100)	(10,000)
Proceeds from issuance of preferred shares, net of issuance costs				3,868,594
Proceeds from issuance of ordinary shares, net of issuance costs				4,380,213
Repayment of a shareholder receivable resulting from Repurchases of Ordinary Shares			12,959
Capital contributions from non-controlling interests			596
Issuance costs of issuance of Ordinary Shares in IPO	(1,706)	(247)
Proceeds from exercise of vested share options	1,906	276
Repurchases of Ordinary shares	(654,650)	(94,915)	(15,161)	(491,167)
Repurchases of Preferred shares				(1,076,771)
Net cash provided by (used in) financing activities	(654,450)	(94,886)	(1,706)	6,680,869
Effect of exchange rate changes on cash and cash equivalents and restricted cash	89,978	13,044	(88,980)	(131,856)
Net increase in cash, cash equivalents and restricted cash	(1,583,680)	(229,612)	(2,595,384)	5,056,813
Cash and cash equivalents and restricted cash at the beginning of the year	3,138,008	454,968	5,733,392	676,579
Cash and cash equivalents and restricted cash at the end of the year	1,554,328	225,356	3,138,008	5,733,392
Supplemental disclosures of cash flow information
Income taxes paid	(6,108)	(886)	(6,190)	(59,437)
Cash paid for interest				(93)
Supplemental schedule of non-cash investing and financing activities
Purchases of property and equipment	10,607	1,538	19,709	40,412
Purchases of intangible assets	282	41	2,999
Receivables of exercise price of share options			1,920
Payable for repurchases of Ordinary Shares			7,166
Deemed repurchase of ordinary shares resulting from redesignation of Founder’s ordinary shares to preferred shares				35,142
Capital injection from non-controlling interests	¥ 1,337	$ 194	¥ 338,587	¥ 15,692

Principal Activities and Reorga

Principal Activities and Reorganization	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principal Activities and Reorganization	1. PRINCIPAL ACTIVI TIES AND REORGANIZATION (a) Principal activities Yatsen Holding Limited (the “Company”) was incorporated in the Cayman Islands on September 12, 2016 . The Company, through its consolidated subsidiaries, the variable interest entities (“VIEs”) and VIE’s subsidiaries (collectively referred to as the "Group"), is primarily engaged in selling beauty products and is a consumer-centric, technology-and data-driven beauty platform in the People's Republic of China ("the PRC"). The Company was listed on the New York Stock Exchange on November 19, 2020. As of December 31, 2022, details of the Company's principal subsidiaries and VIE were as follows: Place of Date of Percentage of incorporation incorporation beneficial ownership Principal activities Principal subsidiaries: Guangzhou Yatsen Global Co., Ltd.(“Guangzhou Yatsen”) PRC July 29, 2015 100 % Cosmetics Sales Guangzhou Yatsen Cosmetics Co., Ltd. PRC March 24, 2017 100 % Cosmetics Sales Guangzhou Yiyan Cosmetics Co., Ltd. PRC April 15, 2019 100 % Cosmetics Sales Galenic (Shanghai) E-commerce Co., Ltd. PRC January 28, 2021 90 % Cosmetics Sales Guangzhou DR.WU Cosmetics Co., Ltd. PRC January 5, 2021 90 % Cosmetics Sales SNK (Shanghai) Limited PRC July 31, 2018 90 % Cosmetics Sales VIE: Huizhi Weimei (Guangzhou) Trading Co., Ltd.(“HZ VIE”) PRC February 22, 2019 100 % Cosmetics Sales 1. PRINCIPAL ACTIVITIES AND REORGANIZATION (Continued) (b) VIE Arrangements between the VIEs and the Company's PRC subsidiary To comply with the relevant PRC laws and regulations, the Group operates its internet-based business, in which foreign investment is restricted or prohibited, through the VIEs. The Group obtained the control of the VIEs by entering into a series of contractual arrangements with the VIEs or their equity holders as follows: Powers of Attorney The shareholders of VIEs, have each executed a power of attorney to irrevocably appoint Guangzhou Yatsen or its designated person as their attorney-in-fact to exercise all of their rights as shareholders of VIEs, including, but not limited to, the right to convene and attend shareholder meetings, vote on any resolution that requires a shareholder vote, such as the appointment or removal of directors and executive officers, and other voting rights pursuant to the then-effective articles of association of VIEs. The power of attorney will remain in force for so long as the controlling shareholders remain the shareholders of VIEs. Exclusive Technology Consulting and Service Agreement Under the exclusive technology consulting and service agreement between Guangzhou Yatsen and VIEs, Guangzhou Yatsen has the exclusive right to provide to VIEs technology consulting and services related to, among other things, research and development, system operation, advertising, internal training and technical support. Guangzhou Yatsen has the exclusive ownership of intellectual property rights created as a result of the performance of this agreement. In exchange, VIEs agree to pay Guangzhou Yatsen an annual service fee, at an amount that is agreed by Guangzhou Yatsen. Unless Guangzhou Yatsen provides valid notice of termination 30 days prior to the term of agreement ending, this agreement will remain effective for 10 years to be automatically renewed for another 10 years thereafter. Equity Pledge Agreement Pursuant to the equity pledge agreement among Guangzhou Yatsen, VIEs, and the shareholders of VIEs, the shareholders pledged all of their equity interests in VIEs to guarantee their and VIEs’ performance of their obligations under the contractual arrangements including the exclusive technology consulting and service agreement, the exclusive option agreement and the power of attorney. In the event of a breach by VIEs or their shareholders of contractual obligations under these agreements, Guangzhou Yatsen, as pledgee, will have the right to dispose of the pledged equity interests in VIEs. The shareholders of VIEs also undertake that, during the term of the equity pledge agreement, they will not dispose of the pledged equity interests or create or allow any encumbrance on the pledged equity interests. During the term of the equity pledge agreement, Guangzhou Yatsen has the right to receive all of the dividends and profits distributed on the pledged equity interests. As of the date of this annual report, the equity pledge for the variable interest equity has been registered with local PRC authorities. Exclusive Call Option Agreement Pursuant to the exclusive call option agreement between Guangzhou Yatsen, VIEs and their shareholders, the shareholders of VIEs irrevocably grant Guangzhou Yatsen an exclusive option to purchase, at its discretion, or have its designated person to purchase, to the extent permitted under PRC law, all or part of the equity interests in VIEs. The purchase price shall be the lowest price permitted by applicable PRC law. In addition, VIEs have granted Guangzhou Yatsen an exclusive option to purchase, at its discretion, or have its designated person to purchase, to the extent permitted under PRC law, all or part of VIEs’ assets at the book value of such assets, or at the lowest price permitted by applicable PRC law, whichever is higher. The shareholders of VIEs undertake that, without the Company’s prior written consent or the prior written consent of Guangzhou Yatsen, they may not increase or decrease the registered capital, dispose of its assets, incur any debt or guarantee liabilities, enter into any material purchase agreements, conduct any merger, acquisition or investments, amend its articles of association or provide any loans to third parties. The exclusive call option agreement will remain effective until all equity interest in VIEs held by their shareholders and all assets of VIEs are transferred or assigned to Guangzhou Yatsen or its designated representatives. Under accounting principles generally accepted in the United States of America (“U.S. GAAP”), a VIE is consolidated if the Company bears the risks and enjoys the rewards normally associated with, ownership of the entity. Through these contractual agreements, the Company has the power to direct the activities that most significantly impact the VIEs’ economic performance, bears the risks of and enjoys the rewards normally associated with ownership of the VIEs. Therefore, the Company is the ultimate primary beneficiary of the VIEs and the financial results of the VIEs are included in the Group’s consolidated financial statements. The PRC variable interest entity, HZ VIE, developed e-commerce platforms for the business and holds an ICP license. 1. PRINCIPAL ACTIVITIES AND REORGANIZATION (Continued) (b) VIE Arrangements between the VIEs and the Company's PRC subsidiary (Continued) The following consolidated financial information of the consolidated VIEs is included in the accompanying consolidated financial statements as of and for the year ended: As of December 31, 2021 2022 RMB RMB Cash and cash equivalents 27,539 8,924 Accounts receivable 8,109 2,047 Inventories, net 1,006 1,080 Prepayments and other current assets 17,525 9,723 Total current assets 54,179 21,774 Investments 118,862 161,640 Property and equipment, net 11,106 5,745 Intangible assets, net 38 2 Right-of-use assets, net 143 74 Total non-current assets 130,149 167,461 Total assets 184,328 189,235 Accounts payable 11,765 8,813 Advances from customers 14,262 5,892 Accrued expenses and other liabilities 18,727 16,624 Income tax payables 1,005 929 Lease liabilities due within one year 74 78 Amounts due to non-VIE subsidiaries 193,917 195,389 Total current liabilities 239,750 227,725 Lease liabilities 78 - Total liabilities 239,828 227,725 Year ended December 31, 2020 2021 2022 RMB RMB RMB Net revenues 907,735 521,835 323,246 Net income (loss) ( 176,187 ) ( 27,886 ) 16,624 Net cash provided by operating activities 47,830 17,178 17,306 Net cash used in investing activities ( 17,102 ) ( 121,236 ) ( 30,277 ) Net cash provided by (used in) financing activities ( 2,603 ) 100,450 ( 5,644 ) Net increase (decrease) in cash and cash equivalents 28,125 ( 3,608 ) ( 18,615 ) (1) During years ended December 31, 2020, 2021 and 2022, the consolidated VIEs earned inter-company revenues in the amounts of RMB 11,665 , nil and nil , respectively. In addition, the proceeds from advances from Group companies to the consolidated VIEs in 2020, 2021 and 2022 are in the amount of RMB 303,913 , RMB 129,664 , and nil , respectively and the repayment of advances to Group companies by the consolidated VIEs in 2020, 2021 and 2022 are in the amount of RMB 303,913 , RMB 36,664 and nil , respectively. All of these transactions have been eliminated in consolidation. (2) As at December 31, 2021 and 2022, amounts due to non-VIE subsidiaries included RMB 93,000 and RMB 93,000 for debt financing from Group companies to the consolidated VIEs not yet returned. (3) Aoyan Shanghai Cosmetics Trading Co., Ltd.(“Aoyan”) was acquired through a series of contractual arrangements entered on June 4, 2019 that enabled the Group to control Aoyan and to receive all rewards associated with equity ownership. The Group subsequently entered a series of VIE arrangements described in Note 1.(b) to replace the above contracts on May 8, 2020. The Group acquired 100 % of the equity interest of Aoyan for no consideration on July 17, 2020 and terminated all VIE arrangements for Aoyan. Therefore, Aoyan was treated as one of the consolidated VIEs for the period from June 4, 2019 to July 17, 2020. Financial information of Aoyan after July 17, 2020 was excluded from the consolidated financial information of the consolidated VIEs disclosed above. 1. PRINCIPAL ACTIVITIES AND REORGANIZATION (Continued) (b) VIE Arrangements between the VIEs and the Company's PRC subsidiary (Continued) In accordance with the aforementioned agreements, the Company has the power to direct activities of the VIEs, and can have assets transferred out of VIEs. Therefore, the Company considers that there is no asset in VIEs that can be used only to settle obligations of the VIEs, except for registered capital, as of December 31, 2022. As VIEs were incorporated as limited liability companies under the PRC Company Law, the creditors do not have recourse to the general credit of the Company for all the liabilities of VIEs. There is currently no contractual arrangement that would require the Company to provide additional financial support to the VIEs. As the Group is conducting certain businesses in the PRC through the VIEs, the Group may provide additional financial support on a discretionary basis in the future, which could expose the Group to a loss. There is no VIEs where the Company has variable interest but is not the primary beneficiary. The Group believes that the contractual arrangements among its shareholders and Guangzhou Yatsen comply with PRC law and are legally enforceable. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce these contractual arrangements and if the shareholders of VIEs were to reduce their interest in the Company, their interests may diverge from that of the Company and that may potentially increase the risk that they would seek to act contrary to the contractual terms. The Company’s ability to control the VIEs also depends on the voting rights proxy and the effect of the share pledge under the Equity Pledge Agreement and Guangzhou Yatsen has to vote on all matters requiring shareholder approval in VIEs. As noted above, the Company believes this voting right proxy is legally enforceable but may not be as effective as direct equity ownership.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	2. SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation The consolidated financial statements of the Group have been prepared in accordance with U.S. GAAP. Significant accounting policies followed by the Group in the preparation of the consolidated financial statements are summarized below. (b) Basis of consolidation The Group's consolidated financial statements include the financial statements of the Company, its subsidiaries and VIEs for which the Company or its subsidiary is the primary beneficiary. A subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting powers; or has the power to appoint or remove the majority of the members of the board of directors; or to cast a majority of votes at the meeting of directors; or has the power to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. A VIE is an entity in which the Company, or its subsidiary, through contractual agreements, bears the risks of, and enjoys the rewards normally associated with ownership of the entity, and therefore the Company or its subsidiary is the primary beneficiary of the entity. All transactions and balances among between the Company, its subsidiaries and VIEs have been eliminated upon consolidation. (c) Use of estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group's consolidated financial statements include inventory valuation, goodwill impairment assessment, valuation and recognition of share-based compensation arrangements, and fair value of assets and liabilities acquired in business combinations. The management bases the estimates and judgments on historical information and on various other assumptions that management believes are reasonable under the circumstances. Actual results could differ materially from such estimates. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (d) Functional currency and foreign currency translation The Group uses Renminbi (“RMB”) as its reporting currency. The functional currency of the Company and its subsidiaries incorporated in Cayman Islands is United States dollar (“US$”), in Hong Kong is US$ or Hong Kong dollar (“HKD”), in United Kingdom is Great Britain Pound (“GBP”), in France is Euro (“EUR”), and in Japan is Japanese Yen (“JPY”) while the functional currency of the Group’s entities in PRC is RMB, which is their respective local currency. In the consolidated financial statements, the financial information of the Company and its subsidiaries, which use foreign currency as their functional currency, have been translated into RMB. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains, and losses are translated using the average exchange rate for the period. Translation adjustments arising from these are reported as foreign currency translation adjustments and are shown as a component of other comprehensive income (loss) in the consolidated statement of comprehensive income (loss). Foreign currency transactions denominated in currencies other than functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are remeasured at the applicable rates of exchange in effect at that date. Foreign exchange gains and losses resulting from the settlement of such transactions and from remeasurement at year-end are recognized in foreign currency exchange gains (losses), net in the consolidated statement of operations. (e) Convenience translation Translations of balances in the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income (loss) and consolidated statements of cash flows from RMB into US$ as of and for the year ended December 31, 2022 are solely for the convenience of the reader and were calculated at the noon buying rate of US$ 1.00 = RMB 6.8972 on December 30, 2022 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2022, or at any other rate. (f) Cash and cash equivalents Cash and cash equivalents consist of cash on hand, demand deposits and highly liquid investments with original maturity of less than three months. Cash and cash equivalents are placed with financial institutions with high-credit ratings and quality. (g) Restricted cash Restricted cash primarily represents cash reserved in relation to litigations and security deposits held in the depositary bank account for financial guarantee. As at December 31,2021 and 2022, the restricted cash amounted to nil and RMB 41,383 , respectively. (h) Short-term investment Short-term investment represent time deposits placed with banks with original maturities between three months and one year. Interest earned is recorded as interest income in the consolidated statements of operations during the periods presented. (i) Accounts receivable Accounts receivable are stated at the historical carrying amount net of allowance for doubtful accounts. The accounts receivable mainly include receivables from platform distributor customers, wholesale customers and independent payment channels or payment channel functions operated by platforms, who collect from end customers on behalf of the Group before the Group’s delivery of products (“Payment Channels”). The receivables from platform distributor customers and wholesale customers are settled in accordance with credit terms mutually agreed. The receivable from Payment Channels is settled upon pre-agreed days after the Group delivers products to end customers, or when customers confirm their receipts of products, whichever is earlier. The allowance for doubtful accounts reflects the Group’s best estimate of expected losses. Before January 1, 2020, the Group determines the allowance for doubtful accounts based on an assessment of historical collection activity, the current business environment and forecasts that may affect the customers' ability to pay. From January 1, 2020, the Group determines the expected credit loss provisions based on ASC Topic 326, detailed as Note 2(j). (j) Expected credit losses The Group adopted the accounting standards update of ASC Topic 326 and several associated ASUs related to the measurement of credit losses on January 1, 2020 using a modified retrospective approach, which did not have a material impact on retained earnings (accumulated deficit). The Group’s accounts receivable and other receivables classified as other current assets and other non-current assets are within the scope of ASC Topic 326. The Group has identified the relevant risk characteristics of its customers and the related receivables and other receivables which include size, type of the services or products the Group provides, or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Group considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Group’s receivables. The Group also provides specific provisions for allowance when facts and circumstances indicate that the receivable is unlikely to be collected. Expected credit losses for accounts receivable are recorded as general and administrative expenses on the consolidated statements of operations. The Group’s accounts receivable primarily include (i) receivables from the e-commerce platform distributors who sell products to their end customers on prepayment term and therefore are subject to limited credit loss risk from their customers, and (ii) receivables from Payment Channels who collect from the Group’s end customers on behalf of the Group before the delivery of products, and (iii) receivables from wholesale customers. Based on such industry practice and considering no significant bad debt expense incurred historically, the Group expected no significant credit losses will be incurred for accounts receivable due from these three types of customers. (k) Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined using the weighted average method. Impairment is made for excessive, slow moving, expired and obsolete inventories as well as for inventories with carrying values in excess of market. Certain factors could impact the realizable value of inventory, so the Group continually estimated the net realizable value based on assumptions relating to the demand forecast for inventories, including potential product obsolescence, sales strategy, and marketability of inventories. The estimation may take into consideration historical usage, inventory aging, expiration date, expected demand, anticipated sales price, new product development schedules, the effect new products might have on the sale of existing products, product obsolescence, customer concentrations, and other factors. The impairment is equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory impairment may be required that could negatively impact the Group’s gross margin and operating results. If actual market conditions are more favorable, the Group may have higher gross margin when products that have been previously provided for are eventually sold. (l) Property and equipment, net Property and equipment is carried at cost less accumulated depreciation and impairment, if any. Depreciation is calculated on a straight-line basis over the following estimated useful lives. Category Estimated useful lives Machinery 3 - 10 years Electronic equipment 3 years Office furniture and equipment 3 - 5 years Vehicles 4 years Leasehold improvements Shorter of the term of the lease or the estimated useful lives of the assets Repairs and maintenance costs are charged to expenses as incurred, whereas the costs of renewals and betterment that extend the useful lives of property and equipment are capitalized as additions to the related assets. The Group recognizes the gain or loss on the disposal of property and equipment in the consolidated statements of operations. Construction in progress represents direct costs that are related to the construction of property and equipment and incurred in connection with bringing the assets to their intended use. The costs of construction in progress are transferred to specific property and equipment accounts and the depreciation of these assets commences when the assets are ready for their intended use. (m) Intangible assets, net Intangible assets purchased from third parties are initially recorded at cost and amortized on a straight-line basis over the estimated economic useful lives. The acquired intangible assets are recognized and measured at fair value and are expensed or amortized using the straight-line approach over the estimated economic useful lives of the assets. The estimated useful lives of intangible assets are as follows: Category Estimated useful lives Trademarks 9 - 20 years Software 5 - 10 years Customer Relationship 10 years Techniques 10 years Non-compete 5 years (n) Goodwill Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the identifiable assets acquired and the liabilities assumed of an acquired business.The Group conducts an impairment test as of December 31 of each year, or more frequently if events or circumstances indicate that the carrying value of goodwill may be impaired. In accordance with ASC 350, the Group does not amortize goodwill, but tests it for impairment. The Group tests goodwill for impairment at the reporting unit level on an annual basis as of December 31 of each year, or more frequently if events or circumstances indicate that the carrying value of goodwill may be impaired. The Group adopted ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, and in accordance with the FASB, pursuant to which the Group has the option to choose whether it will apply a qualitative assessment first and then a quantitative assessment, if necessary, or to apply a quantitative assessment directly. For reporting units applying a qualitative assessment first, the Group starts the goodwill impairment test by assessing qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value of the reporting unit with its carrying value, including goodwill. If the carrying value of each reporting unit, including goodwill, exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, but limited to the total amount of goodwill allocated to that reporting unit. Application of a goodwill impairment test requires significant management judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining the fair value of each reporting unit. The Group estimates fair value using the income approach and the market approach. The fair value determined using the income approach is compared with comparable market data and reconciled, as necessary. The judgment in estimating the fair value of reporting units includes revenue growth rates and profitability in estimating future cash flows; determining appropriate discount rates and earnings multipliers based on market data of comparable companies engaged in a similar business under the market approach; and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit. No impairment provision was made for the years ended December 31, 2020, 2021 and 2022. (o) Business combination Business combinations are recorded using the purchase method of accounting, and the cost of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of the (i) the total of consideration paid, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the subsidiary acquired over (ii) the fair value of the identifiable net assets of the subsidiary acquired is recorded as goodwill. If the consideration of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive income. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (o) Business combination (Continued) The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized in additional paid-in capital. (p) Investments 1) Equity investments accounted for using the equity method The Group accounts for its equity investments over which it has significant influence but does not own a majority equity interest or otherwise control using the equity method. The Group adjusts the carrying amount of the investment and recognizes investment income or loss for its share of the earnings or losses of the investee after the date of investment. 2) Equity investments without readily determinable fair values The Group elected to record equity investments without readily determinable fair values and not accounted for by the equity method at cost, less impairment, adjusted for subsequent observable price changes, and will report changes in the carrying value of the equity investments in current earnings. Changes in the carrying value of the equity investment will be required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. The Group monitors its investments for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, the operating performance of the companies including current earnings trends and other company-specific information. (q) Impairment of long-lived assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Group had originally estimated. When these events occur, the Group evaluates the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Group recognizes an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (r) Leases In February 2016, the FASB issued ASC 842, Leases, to require lessees to recognize all leases, with certain exceptions, on the balance sheet, while recognition on the operations will remain similar to lease accounting under ASC 840. Subsequently, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases, ASU No. 2018-11, Targeted Improvements, ASU No. 2018-20, Narrow-Scope Improvements for Lessors, and ASU 2019-01, Codification Improvements, to clarify and amend the guidance in ASU No. 2016-02. As a lessee Operating lease The Group early adopted the ASUs as of January 1, 2018 using the modified retrospective approach. The adoption impact was immaterial. Upon adoption, the Group elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed the Group to carry forward the historical determination of contracts as leases, lease classification and not reassess initial direct costs for historical lease arrangements. In addition, the Group also elected the practical expedient to apply consistently to all of the Group’s leases to use hindsight in determining the lease term (that is, when considering lessee options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of the Group’s right-of-use assets. The Group includes a right-of-use asset and lease liability related to substantially all of the Group’s lease arrangements in the consolidated balance sheets. All of the Group’s leases are operating leases. Operating lease assets are included within right-of-use assets, and the corresponding lease liabilities are included in either current or long-term liabilities. The Group has elected not to present short-term leases on the consolidated balance sheet as these leases have a lease term of 12 months or less at commencement date of the lease and do not include options to purchase or renew that the Group is reasonably certain to exercise. The Group recognizes lease expenses for such short-term lease generally on a straight-line basis over the lease term. All other lease assets and lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Group’s leases do not provide an implicit rate of return, the Group uses the Group’s incremental borrowing rate based on the information available at adoption date or lease commencement date in determining the present value of lease payments. (s) Redeemable non-controlling interests The Group determined that the non-controlling interest with redemption rights should be classified as redeemable non-controlling interest since they are contingently redeemable upon the occurrence of certain conditional events, which are not solely within the control of the Group. The redeemable non-controlling interests is recognized at fair value on the acquisition date. The Group records accretion on the redeemable non-controlling interest to the redemption value over the period from the date of the acquisition to the date of earliest redemption. The accretion using the effective interest method, is recorded as deemed dividends to preferred shareholders, which reduce retained earnings and equity classified non-controlling interests, and earnings available to common shareholders in calculating basic and diluted earnings per share. The process of adjusting redeemable non-controlling interests to its redemption value (the “Mezzanine Adjustment”) should be performed after attribution of the subsidiary’s net income or loss pursuant to ASC 810, Consolidation. The carrying amount of redeemable non-controlling interests will equal the higher of the amount resulting from application of ASC 810 or the amount resulting from the Mezzanine Adjustment. As the expected redemption value is less than the carrying value of redeemable non-controlling interests, there is nil mezzanine adjustment recognized for the year ended December 31, 2022. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (t) Revenue recognition The Group adopted ASC 606 for all periods presented. According to ASC 606, revenue is recognized when control of the promised good or service is transferred to the customer in an amount that reflects the consideration the Group expects to receive in exchange for those goods or services, after considering estimated sales return allowances, price concessions, discount and value added tax (“VAT”). Consistent with the criteria of Topic 606, the Group follows five steps for its revenue recognition: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Group’s revenues are primarily derived from (i) sales of the Group’s products to third party platform distributor customers and wholesale customers who then sell to end customers and (ii) sales of the Group’s products to end customers directly through the Group’s online stores run on third party e-commerce platforms and through offline stores operated by the Group. Refer to Note 15 to the consolidated financial statements for disaggregation of the Group's revenues for the years ended December 31, 2020, 2021 and 2022. The Group enters into two types of agreements with third party e-commerce platforms: 1) Distribution Agreements Under the distribution agreements, the platform distributor customers purchase products from the Group and sell to end customers under the platform distributor customer’s name. According to the agreements, the platform distributor customers take control of the products and are entitled to rights of return and price protection. After taking control of the products, the platform distributor customer is responsible for selling and fulfilling all obligations in its sales contracts with end customers, including delivering the products and providing customer support. Under the distribution agreement, the Group has a sale contract with the platform distributor customer and has no sales contract with the end customers. Based on these indicators, the Group determined the e-commerce platform distributors (as opposed to the end customers) as its customers according to ASC 606-10-55-39. 2) Platform Service Agreements Under the platform service agreements, the Group sets up online stores on the platforms to sell the Group’s product to end customers. The platforms provide services to support the operations of the online store including processing sales orders and collecting from end customers. The platforms charge the Group service fees based on the Group’s sales through the online stores. The Group enters sale contracts directly with the end customers. The platforms do not take control of the goods and do not include sales contracts with end customers. The Group is responsible for selling and fulfilling all obligations according to its sales contracts with end customers, including delivering products and providing customer support. Accordingly, the Group determined the end customers (as opposed to the platforms) as its customers according to ASC 606-10-55-39. The sales contracts with end customers normally include a customer’s right to return products within 7 days after receipt of goods. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (t) Revenue recognition (Continued) 2) Platform Service Agreements (Continued) The Group identifies its performance obligation to both e-commerce platform distributor customers and end customers as to transfer the control of the products ordered to the customers. Contracts with customers may include multiple performance obligations if there is a need to separate one order into multiple deliveries. In those scenarios, transaction price will be allocated to different performance obligations based on relative standalone selling prices. The Group recognizes revenue from sales to e-commerce platform distributors upon delivery of the products to e-commerce platform distributors’ warehouses in an amount equal to the contract sales prices less estimated sales allowances for sales returns, rebates and price protection. The Group recognizes revenues from sales to end customers upon delivery of the product to end customers in an amount equal to the contract sales prices less estimated sales allowances for sales returns and sales incentives. Estimated sales allowances for sales returns, rebates, incentives and price protection are made based on contract terms and historical patterns. Sales incentives The Group grants points to customers when they purchase goods from its online platforms. The points can be used to offset against payments or exchanged for goods when customers make their future purchases. The Group considers the points as a separate performance obligation and allocates the transaction price proportionally between the product sold and the points granted on a relative standalone selling price basis in consideration of the likelihood of future redemption based on historical experience and the equivalent value per point when they are redeemed. The deferred income recorded for the point is considered as a contract liability. As of December 31, 2021 and 2022, the Group recorded contract liability related to the points of RMB 11,722 and RMB 3,814 , respectively. Contract balances A receivable is recorded when the Group has an unconditional right to consideration. A right to consideration is unconditional if only the passage of time is required before payment of that consideration is due. A contract asset is recorded when the Group has transferred products to the customer before payment is received or is due, and the Group’s right to consideration is conditional on future performance or other factors in the contract. No contract asset was recorded as of December 31, 2021 and 2022. Sales to e-commerce platform distributor customers are on credit terms, and receivables are recorded upon recognizing revenues. Sales through online stores on platforms are paid by the end customers to Payment Channels before the Group delivers the products. Payment Channels settle with the Group based upon pre-agreed days after the Group delivers products to end customers, or when the end customers confirm their receipts of products, whichever is earlier. A contract liability is recorded when the Group’s obligation to transfer goods to a customer has not yet occurred but for which the Group has received consideration from the customer. The Group presents such amounts as advances from customers on the consolidated balance sheets. As of December 31, 2021 and 2022, advances from customers were RMB 20,680 and RMB 16,652 , respectively. All contract liability balances at the beginning of the years were recognized as revenue in the following years due to generally short-term duration of contracts. During the years ended December 31, 2020, 2021 and 2022, the Group did no t have any revenue recognized from performance obligations satisfied (or partially satisfied) in previous periods. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (t) Revenue recognition (Continued) Practical Expedients The transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied has not been disclosed, as substantially all of the Group’s contracts have a duration of one year or less. Payment terms with platform distributor customers and Payment Channels generally require settlement within one year or less. The Group has determined that its contracts generally do not include a significant financing component. The Group generally expenses sales commissions when incurred because the amortization period is one year or less. These costs are recorded within selling and marketing expenses. (u) Cost of revenues Cost of revenues consists primarily of material costs, consignment manufacturing cost and related costs that are directly attributable to the production of products. (v) Fulfilment expenses Fulfilment expenses primarily represent expenses incurred for warehousing, shipping and delivering products to customers, mainly including rental and personnel costs for warehouses as well as third party shipping costs. (w) Selling and marketing expenses Selling and marketing expenses primarily consist of (i) advertising and marketing promotion expenses, (ii) platform commission, (iii) personnel costs for sales and marketing staff, (iv) rental, depreciation expenses, personnel and other costs for offline experience stores and (v) share-based compensation expenses. For the years ended December 31, 2020, 2021 and 2022, advertising and marketing promotion expenses totaled to RMB 2,215,074 , RMB 2,369,769 and RMB 1,064,621 , respectively. (x) Research and development expenses Research and development expenses primarily consist of personnel costs for research and development staff, general expenses and depreciation expenses associated with research and development activities. (y) General and administrative expenses General and administrative expenses consist of personnel costs including share-based compensation expenses and other expenses which are related to the general corporate functions, including accounting, finance, tax, legal and human relations, costs associated with use by these functions of facilities and equipment, such as depreciation expenses, rental and other general corporate related expenses. (z) Employee social security and welfare benefits Employees of the Group in the PRC are entitled to staff welfare benefits including pension, work-related in

Concentration and Risks

Concentration and Risks	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Concentration and Risks	3. CONCENTRATION AND RISKS (a) Foreign exchange risk The majority of the Group’s operations were in RMB. The RMB is not freely convertible into foreign currencies. Remittances of foreign currencies into the PRC or remittances of RMB out of the PRC as well as exchange between RMB and foreign currencies require approval by foreign exchange administrative authorities and certain supporting documentation. The State Administration for Foreign Exchange, under the authority of the People's Bank of China, controls the conversion of RMB into other currencies. (b) Credit risk The Group’s credit risk arises from cash and cash equivalents, restricted cash, short-term investments, prepayments and other current assets, amount due from related parties and accounts receivable. The carrying amounts of these financial instruments represent the maximum amount of loss due to credit risk. The Group expects that there is no significant credit risk associated with cash and cash equivalents, restricted cash and short-term investments which are held by reputable financial institutions in the jurisdictions where the Company, its subsidiaries and the VIEs are located. The Group believes that it is not exposed to unusual risks as these financial institutions have high credit quality. The Group has no significant concentrations of credit risk with respect to its prepayments and other current assets and amount due from related parties. Accounts receivable are typically unsecured and are derived from revenue earned through third party consumers. The risk with respect to accounts receivable is mitigated by credit evaluations performed on them. (c) Concentration of customers and suppliers There were no customers which individually represented greater than 10% of the total net revenue for the years ended December 31, 2020, 2021 and 2022. There were accounts receivable due from two platform distributor customers which individually represented greater than 10% and totally contributed to 56 % of the Group’s total accounts receivable as of December 31, 2021. There was accounts receivable due from one of the platform distributor customers which individually represented greater than 10% and contributed to 21 % of the Group’s total accounts receivable as of December 31, 2022. There were purchases from three suppliers which individually represented greater than 10% and totally contributed to 55 % of the total purchases amount for the year ended December 31, 2020 and the corresponding accounts payable due to these three suppliers individually represented greater than 9% and totally contributed to 52 % of the Group's total accounts payable as of December 31, 2020. There were purchases from two suppliers which individually represented greater than 10% and totally contributed to 31 % of the total purchases amount for the year ended December 31, 2021 and the corresponding accounts payable due to these two suppliers individually represented greater than 10% and totally contributed to 35 % of the Group's total accounts payable as of December 31, 2021. There were purchases from two suppliers which individually represented greater than 10% and totally contributed to 27 % of the total purchases amount for the year ended December 31, 2022 and the corresponding accounts payable due to these two suppliers individually represented greater than 9% and totally contributed to 28 % of the Group's total accounts payable and amounts due to related parties as of December 31, 2022.

Cash and Cash Equivalents and R

Cash and Cash Equivalents and Restricted Cash	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents and Restricted Cash	4. CASH AND CASH EQUIVALENTS AND RESTRICTED CASH Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions, and all highly liquid investments with original maturities of three months or less. Cash and cash equivalents and restricted cash balances as of December 31, 2021 and 2022 primarily consist of the following currencies: As of December 31, 2021 2022 Amount RMB Amount RMB Cash and cash equivalents RMB 627,058 627,058 470,428 470,428 US$ 383,680 2,446,199 143,342 996,826 GBP 5,337 45,931 3,365 28,246 EUR 1,509 10,895 1,271 9,435 HKD 7,879 6,450 4,999 4,465 JPY 17,793 999 15,327 803 SGD 99 476 529 2,742 Total cash and cash equivalents 3,138,008 1,512,945 Restricted cash US$ - - 6,000 41,383 Total cash, cash equivalents and restricted cash 3,138,008 1,554,328

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Accounts Receivable	5. ACCOUNTS RECEIVABLE As of December 31, 2021 2022 RMB RMB Accounts receivable, net 355,837 200,843

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	6. INVENTORIES Inventories consisted of the following: As of December 31, 2021 2022 RMB RMB Raw materials and packing materials 43,922 29,369 Products 759,832 498,832 Less: impairment allowance ( 107,993 ) ( 104,914 ) Inventories 695,761 423,287

Prepayments and Other Current A

Prepayments and Other Current Assets	12 Months Ended
	Dec. 31, 2022
Other Assets, Unclassified [Abstract]
Prepayments and Other Current Assets	7. PREPAYMENTS AND OTHER CURRENT ASSETS As of December 31, 2021 2022 RMB RMB Prepayments of promotion fees (a) 130,058 103,748 VAT recoverable (b) 95,899 75,049 Deposits, prepaid rental and property management fees 62,877 61,858 Prepayments for products procurement (c) 6,731 5,604 Others 70,626 46,566 366,191 292,825 (a) Prepayments of promotion fees mainly include prepayments made to online platforms for future services to promote the Group’s products through online advertising and prepaid short-term service fees to celebrity agencies and key opinion leaders. (b) VAT recoverable represent the balances that the Group can utilize to deduct its value-added tax liabilities in the future. (c) Prepayments for products procurement represent cash prepaid to the Group’s third-party suppliers for the procurement of products.

Investments

Investments	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments	8. INVESTMENTS The following sets forth the Group's investments: As of December 31, 2021 2022 RMB RMB Equity method investments (a) 286,513 436,536 Equity investments without readily determinable fair values (b) 65,226 72,592 Total 351,739 509,128 Less: impairment on investments ( 1,359 ) ( 6,549 ) Investment, net 350,380 502,579 (a) As at December 31, 2022 and 2021, the balances represented the Group’s investments made in six and five private entities respectively. (b) As at December 31, 2022 and 2021, the balances represented the Group’s investments made in three private entities.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	9. PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following: As of December 31, 2021 2022 RMB RMB Leasehold improvements 353,322 152,993 Electronic equipment 50,290 38,886 Machinery 22,103 10,911 Office furniture and equipment 10,719 9,037 Vehicles 4,317 4,412 Construction in progress 60 1,792 Total 440,811 218,031 Less: accumulated depreciation ( 183,145 ) ( 138,891 ) Less: impairment charges ( 12,352 ) ( 3,521 ) Property and equipment, net 245,314 75,619 The Group recorded depreciation expense of RMB 74,551 , RMB 130,666 and RMB 114,047 for the years ended December 31, 2020, 2021 and 2022, respectively. The Group recorded impairment losses for property and equipment of nil , RMB 12,352 and RMB 72,629 for the years ended December 31, 2020, 2021 and 2022 respectively. The impairment losses were mainly charged for leasehold improvement of certain offline stores decided to close. The impairment losses were charged to selling and marketing expenses in the consolidated statements of operations.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	10. GOODWILL The changes in the carrying amount of goodwill by segment for the years ended December 31, 2020, 2021 and 2022 are as follows: Color Cosmetics Brands Skincare Brands Total RMB Balance as of December 31, 2020 20,596 - 20,596 Increase in goodwill related to acquisition - 880,314 880,314 Foreign currency translation adjustments - ( 31,489 ) ( 31,489 ) Balance as of December 31, 2021 20,596 848,825 869,421 Increase in goodwill related to acquisition 5,266 - 5,266 Foreign currency translation adjustments - ( 17,542 ) ( 17,542 ) Balance as of December 31, 2022 25,862 831,283 857,145 As of December 31, 2022, the goodwill associated with the Eve Lom reporting unit was RMB 694 million. The Group conducted an impairment test as of December 31, 2022 and the fair value is estimated by the Group using a discounted cash flow model. The Group’s cash flow projections used in the model for the Eve Lom reporting unit included significant judgments and assumptions relating to revenue growth rates, gross profit ratios, the discount rates and terminal value. The Group utilized the services of an independent valuation firm to assist with the determination of the fair value of the reporting units. No impairment charge was recognized for the years ended December 31, 2020, 2021 and 2022.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	11. INTANGIBLE ASSETS, NET As of December 31, 2021 2022 RMB RMB Cost: Trademark 625,715 618,893 Software 32,942 40,301 Customer relationship 90,479 88,138 Technique 43,085 41,971 Non-compete 6,900 6,900 Total cost 799,121 796,203 Less: accumulated amortization ( 53,270 ) ( 106,534 ) Intangible assets, net 745,851 689,669 During the years ended December 31, 2020, 2021 and 2022, the Company acquired intangible assets amounting to nil ,RMB 622,151 and nil , respectively, in connection with business combinations, which were measured at fair value upon acquisition. Amortization costs recognized for the years ended December 31, 2020, 2021 and 2022 were RMB 3,476 , RMB 50,705 and RMB 56,848 , respectively. No impairment was recorded for the years ended December 31, 2020, 2021 and 2022. As of December 31, 2022, estimated amortization expenses for future periods are expected to be as follows: Year ended RMB 2023 53,717 2024 53,205 2025 52,812 2026 51,195 2027 and thereafter 478,740 Total expected amortization expense 689,669 The remaining weighted average amortization periods of intangible assets as of December 31, 2021 and 2022 are 16.3 years and 14.6 years, respectively.

Other Non-Current Assets

Other Non-Current Assets	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Non-Current Assets	12. OTHER NON-CURRENT ASSETS As of December 31, 2021 2022 RMB RMB Long-term rental deposits 42,863 15,356 Prepaid service fees 14,250 16,119 Loans to employees 11,800 18,100 Prepaid consideration for an acquisition 5,040 - Prepaid long-term celebrity endorsement fees 1,804 2,476 Others 4,463 834 80,220 52,885

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	13. ACCRUED EXPENSES AND OTHER LIABILITIES As of December 31, 2021 2022 RMB RMB Accrued payroll related expenses 114,496 108,868 Accrued advertising and marketing expenses 79,662 93,034 Accrued storage and transportation fees 38,269 31,264 Accrued leasehold improvement costs 33,370 12,621 Other taxes payable 22,886 17,863 Payable related to repurchase of ordinary shares 7,166 - Refund obligation of sales return 4,530 3,739 Others 70,152 55,870 370,531 323,259

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	14. LEASES The Group has operating leases for warehouses, stores, office spaces, and delivery centers that the Group utilizes under lease arrangements. A summary of supplemental information related to operating leases is as follows: As of December 31, 2021 2022 RMB RMB Operating lease ROU assets 422,966 133,004 Operating lease liabilities-non-current 206,303 52,997 Operating lease liabilities-current 214,843 79,586 Total operating lease liabilities 421,146 132,583 Weighted average remaining lease term 1.94 years 2.39 years Weighted average discount rate 5.06 % 4.31 % 14. LEASES (Continued) A summary of lease cost recognized in the Group’s consolidated statements of operations and supplemental cashflow information related to operating leases is as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Operating lease cost 179,515 268,321 164,483 Short-term lease cost 4,249 420 275 Variable cost 6,396 9,166 973 Cash paid for operating leases 168,943 265,997 180,561 Right-of-use assets obtained in exchange for operating lease liabilities 448,148 269,601 76,040 A summary of maturity of operating lease liabilities under the Group’s non-cancellable operating leases as of December 31, 2022 is as follows: As of 2022 RMB 2023 83,596 2024 31,318 2025 9,770 2026 8,654 2027 6,090 2028 and thereafter 1,007 Total lease payment 140,435 Less: interest ( 7,852 ) Present value of operating lease liability 132,583

Revenues

Revenues	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	15. REVENUES The Group’s revenue by channel for the respective periods are detailed as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Sales of product by channel —Sales to end customers 4,548,804 4,878,453 3,145,807 —Sales to distributor customers 678,873 941,322 546,543 —Others 5,493 20,198 13,772 Total revenues 5,233,170 5,839,973 3,706,122 Please refer to Note 25 for the disclosure of the Group's revenues by product categories for the years ended December 31, 2020, 2021 and 2022.

Income Tax Expenses

Income Tax Expenses	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax Expenses	16. INCOME TAX EXPENSES Cayman Islands Under the current tax laws of Cayman Islands, the Company and its subsidiaries are not subject to tax on income or capital gains. No Cayman Islands withholding tax is imposed upon payment of dividends by the Company to its shareholders. Hong Kong For the subsidiaries incorporated in Hong Kong, they were subject to Hong Kong profits tax at a rate of 16.5 % for taxable income earned in Hong Kong. Commencing on April 1, 2018, the two-tiered profits tax regime took effect, under which the tax rate is 8.25 % for assessable profits on the first HK$2 million and 16.5 % for any assessable profits in excess of HK$2 million. The payments of dividends to shareholders are not subject to withholding tax in Hong Kong. PRC In accordance with the Enterprise Income Tax Law (“EIT Law”), Foreign Investment Enterprises (“FIEs”) and domestic companies are subject to Enterprise Income Tax (“EIT”) at a uniform rate of 25 %. The subsidiaries of the Group and the consolidated VIEs in the PRC are subject to a uniform income tax rate of 25 % for years presented. According to relevant policies promulgated by the State Tax Bureau of the PRC and effective from 2008 onwards, enterprises engaged in research and development activities are entitled to claim an additional tax deduction amounting to 75 % or 100 % of qualified research and development expenses incurred in determining its tax assessable profits for that year (“Super Deduction”). The additional deduction of 100 % or 75 % of qualified R&D expenses can only be claimed directly in the annual EIT filling and subject to the approval from the relevant tax authorities . The EIT Law also provides that an enterprise established under the laws of a foreign country or region but whose “de facto management body” is located in the PRC be treated as a resident enterprise for PRC tax purposes and consequently be subject to the PRC income tax at the rate of 25 % for its global income. The Implementing Rules of the EIT Law merely define the location of the “de facto management body” as “the place where the exercising, in substance, of the overall management and control of the production and business operation, personnel, accounting, properties, etc., of a non-PRC company is located.” Based on a review of surrounding facts and circumstances, the Group does not believe that it is likely that its entities registered outside of the PRC should be considered as resident enterprises for the PRC tax purposes. The EIT Law also imposes a withholding income tax of 10 % on dividends distributed by a FIE to its immediate holding company outside of China, if such immediate holding company is considered as a non-resident enterprise without any establishment or place within China or if the received dividends have no connection with the establishment or place of such immediate holding company within China, unless such immediate holding company’s jurisdiction of incorporation has a tax treaty with China that provides for a different withholding arrangement. The Cayman Islands, where the Company incorporated, does not have such tax treaty with China. According to the arrangement between the mainland China and Hong Kong Special Administrative Region on the Avoidance of Double Taxation and Prevention of Fiscal Evasion issued in August 2006, dividends paid by an FIE in China to its immediate holding company in Hong Kong will be subject to withholding tax at a rate of no more than 5 % (if the immediate holding company in Hong Kong is the beneficial owner of the FIE and owns directly at least 25 % of the shares of the FIE). In accordance with accounting guidance, all undistributed earnings are presumed to be transferred to the parent company and withholding taxes should be accrued accordingly. All FIEs are subject to the withholding tax from January 1, 2008. The presumption may be overcome if the Group has sufficient evidence to demonstrate that the undistributed dividends from its PRC subsidiaries will be re-invested and the remittance of the dividends from its PRC subsidiaries will be postponed indefinitely. Aggregate undistributed earnings and reserves of the Group entities located in the PRC that are available for distribution to the Company as of December 31, 2021 and 2022 were approximately RMB 54,822 and RMB 65,976 , respectively. The Group plans to indefinitely reinvested undistributed earnings earned from its PRC subsidiaries in its operations in PRC. Therefore, no withholding income tax for undistributed earnings of its subsidiaries were provided as at December 31, 2021 and 2022 respectively. 16. INCOME TAX EXPENSES (Continued) Composition of income tax expense The current and deferred components of income taxes appearing in the consolidated statements of operations are as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Income (loss) before income tax expense ( 2,681,445 ) ( 1,547,959 ) ( 818,628 ) Current tax expense 3,519 4,507 11,065 Deferred tax expense (benefits) 3,451 ( 5,428 ) ( 8,360 ) Total income tax expense (benefits) 6,970 ( 921 ) 2,705 The income tax expense for each of the years ended December 31, 2020, 2021 and 2022 differs from the amount computed by applying the PRC statutory income tax rate of 25 % to income before income tax expense due to the following: Year ended December 31, 2020 2021 2022 PRC statutory income tax rate 25 % 25 % 25 % Permanent differences - 17 % - 9 % - 12 % Tax effect of different tax rate of different jurisdictions 0 % 0 % 0 % Tax effect of Super Deduction and others 0 % 1 % 1 % Changes in valuation allowance - 8 % - 17 % - 14 % Effective tax rates 0 % 0 % 0 % Deferred tax assets The significant components of the Group's deferred tax assets were as follows: As of December 31, 2021 2022 RMB RMB Net operating loss carry forwards 470,227 578,992 Inventory valuation allowance 27,048 26,187 Accrued expenses and others 19,225 29,150 Total deferred tax assets 516,500 634,329 Less: valuation allowance ( 514,500 ) ( 632,378 ) Deferred tax assets, net 2,000 1,951 Movement of valuation allowance Year ended December 31, 2021 2022 RMB RMB Balance at beginning of the year 237,965 514,500 Additions 276,535 117,878 Balance at end of the year 514,500 632,378 16. INCOME TAX EXPENSES (Continued) The valuation allowance is provided against deferred tax assets when the Group determines that it is more likely than not that the deferred tax assets will not be utilized in the future. In making such determination, the Group considered factors including future taxable income exclusive of reversing temporary differences and tax loss carry forwards. Valuation allowances as of December 31, 2021 and 2022 were mainly provided for net operating loss carry forward, because such deferred tax assets are not more likely than not to be realized based on the Group’s estimate of its future taxable income. If events occur in the future that allow the Group to realize more of its deferred income tax than the presently recorded amounts, an adjustment to the valuation allowances will result in a decrease in tax expense when those events occur. Deferred tax liabilities The Group's deferred tax liability was as follows: As of December 31, 2021 2022 RMB RMB Related to acquired intangible assets 124,450 113,441 Uncertain tax positions The Group evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of December 31 , 2021 and 2022, the Group did no t have any significant unrecognized uncertain tax positions.

Ordinary Shares

Ordinary Shares	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Attributable to Parent [Abstract]
Ordinary Shares	17. ORDINARY SHARES On September 2016, the Company was incorporated as a limited liability company with authorized share capital of US$ 50 divided into 5,000,000,000 ordinary shares of par value US$ 0.00001 each. In July 2019, the Company adopted a dual voting structure on its shares and the Company’s ordinary shares were divided into Class A and Class B ordinary shares, and all of the vested ordinary shares held by the founders were designated as Class B ordinary shares. Holders of Class A ordinary shares are entitled to one vote per share in all shareholders’ meetings, while holders of Class B ordinary shares are entitled to ten votes per share . The number of the Company’s authorized ordinary shares has been revised and reduced accordingly to 4,044,840,121 shares, including 3,130,264,924 Class A ordinary shares and 914,575,197 Class B ordinary shares. On same date, the Company issued 157,846,049 Class B ordinary shares to several founders, repurchased 7,713,574 ordinary shares and concurrently issued 7,713,574 Series C preferred shares to investors. In 2020, the share capital transactions are summarized as below: (i) The Company newly authorized 46,277,409 Class B ordinary shares, 68,832,245 Series Seed preferred shares, 66,432,971 Series C preferred shares, 66,432,971 Series D preferred shares, and 144,331,134 Series E preferred shares of a nominal or par value of US$ 0.00001 each, and reduced authorized Class A ordinary shares by 392,306,730 shares. (ii) The Company issued 93,753,239 Class B ordinary shares to several founders, which were subject to service conditions (Note 18(a)). (iii) The Company repurchased 62,388,247 Class B ordinary shares. Concurrently, the Company issued 62,388,247 Series Seed preferred shares to investors. 6,443,998 ordinary shares owned by one of founders were redesignated into preferred shares (Note 18(b)). (iv) The Company issued 15,518,385 Class A ordinary shares as a result of accelerated vesting and exercise of share options (Note 18(d)). (v) The Company issued 149,363,572 Class A ordinary shares and 21,356,415 Class B ordinary shares to share Incentive Plan Trust. 17. ORDINARY SHARES (Continued) (vi) On November 19, 2020, the Company completed its IPO on the New York Stock Exchange under the symbol of "YSG". The Company issued an aggregate 67,562,500 ADSs, representing 270,250,000 Class A ordinary shares for a total proceeds, net of issuance costs of $ 664.7 million (RMB 4.35 billion). Upon completion of the IPO, all convertible redeemable preferred shares were converted into ordinary shares. During the year ended December 31, 2021, 7,686,832 share options were exercised. The Company also repurchased an aggregate of 1,846,823 ADSs, representing 7,387,292 Class A ordinary shares at an average price of RMB 12.0848 per ADS or RMB 3.0212 per Class A ordinary share, for aggregate consideration of RMB 22,319 . During the year ended December 31, 2022, the Company further repurchased an aggregate of 72,625,763 ADSs, representing 290,503,052 Class A ordinary shares at an average price of RMB 8.9062 per ADS or RMB 2.2266 per Class A ordinary share, for aggregate consideration of RMB 646,820 . Since the shares repurchased have not been cancelled, the excess of repurchase price over par value was recorded as treasury shares upon the repurchase date.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	18. SHARE-BASED COMPENSATION Share-based compensation expenses recognized during the years presented are as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Share-based compensation expenses - Share-based compensation of founders' restricted shares (a) 1,030,178 - - - Related to repurchase of founders’ ordinary shares (b) 146,294 - - - Related to the issuances of preferred shares to investors (c) 303,627 - - - Related to redesignation of founder’s ordinary shares to preferred shares 1,852 - - - Related to accelerated vesting of share options (d) 138,729 66,429 ( 64,660 ) - Related to modification of exercise price of share options on modification day (e) - - 12,793 - Related to vesting of share options (f) 279,908 464,011 392,727 Total 1,900,588 530,440 340,860 (a) Founders’ Restricted Shares In September 2020, the Company granted 93,753,239 Ordinary shares to several founders, which were subjected to service conditions (“Third Series of Founders’ Restricted Shares”). The Third Series of Founders’ Restricted Shares vest annually in equal instalments over the next four years commencing from the September 11, 2020. All of the Founders’ Restricted Shares vested immediately upon IPO, regardless of the vesting schedule. The fair value of the Founders’ Restricted Shares was determined at the respective grant date by the Company, and was amortized over the respective vesting period on straight line basis. The share-based compensation expenses related to Founders’ Restricted Shares for the years ended December 31, 2020 were RMB 1,030,178 . (b) Repurchase of ordinary shares from the Founders For the year ended December 31, 2020, the Company repurchased 62,388,247 ordinary shares, from the founders for consideration of RMB 483,622 . The Company then re-designated these shares into preferred shares for issuances to other investors. Based on its assessment, the Company concluded that the repurchase did not constitute a cash settlement of any share-based awards. As the respective repurchase price was greater than the fair value of ordinary shares as of the respective repurchase date, the difference between the repurchase price and the fair value was recognized as deemed share-based compensation expenses in the Group's consolidated statements of operations. The share-based compensation expenses related to the repurchase of ordinary shares from the founders for the year ended December 31, 2020 were RMB 146,294 . (c) Issuances of preferred shares to investors In April 2020 and September 2020, the Company issued 26,573,188 Series C preferred shares and 39,859,783 Series C preferred shares respectively to its certain existing investors at a price lower than the fair value of the shares, for their services to the Group. Accordingly, the difference of RMB 303,627 between the then fair value of Series C preferred shares issued and the issuance price was recorded as deemed share-based expense in the year ended December 31, 2020. (d) Accelerated vesting of share options In September 2020, 15,518,385 options were accelerated to vest immediately and were exercised on the same date, which was treated as an “improbable-to-probable” modification of equity-classified awards under ASC 718. RMB 138,729 , the fair value of modified options at the date of modification, was recognized in the Group’s consolidated statement of operations immediately. For the year ended December 31, 2021, 5,595,868 options were accelerated to vest immediately, which was treated as an “improbable to probable” modification of equity-classified awards under ASC 718. The previously recorded compensation expense for the unvested options amounting to RMB 11,469 was reversed and RMB 77,898 , the fair value of modified options at the date of modification, was recognized in the Group’s consolidated statement of operations immediately. For the year ended December 31, 2022, 17,863,616 options were accelerated to vest immediately, which was treated as an “improbable to probable” modification of equity-classified awards under ASC 718. The previously recorded compensation expense for the unvested options amounting to RMB 77,039 was reversed and RMB 12,379 , the fair value of modified options at the date of modification, was recognized in the Group’s consolidated statement of operations immediately. (e) Related to modification of exercise price of share options on modification day For the year ended December 31, 2022, exercise prices for certain share options were modified. Such modification of exercise price led to recognition of additional share-based compensation expenses, of which RMB 12,793 was charged to the Group’s consolidated statements of operations on the modification day for vested options. (f) Vesting of share options The Group have adopted a Share Option Plan in September 2018, which was amended and restated respectively in July 2019, March 2020 and September 2020. The Share Option Plan shall be valid and effective for ten years from September 11, 2020. The maximum aggregate number of ordinary shares which may be issued pursuant to all awards under Share Option Plan is 249,234,508 . (i) Options Grant of options During the year ended December 31, 2020, 2021 and 2022, the Company granted 136,230,857 share options, 55,388,338 share options and 85,357,994 share options respectively, to its management and other key employees. 18. SHARE-BASED COMPENSATION (Continued) (f) Vesting of share options (Continued) (i) Options (Continued) Vesting of options The share options include both service conditions and performance conditions. With respect to the service conditions, there are 4 types of vesting schedule, which are: (i) 25 % of the share options shall become vested on each anniversary of the vesting commencement date for 4 years thereafter; (ii) 100 % of the share options shall become vested on anniversary of the vesting commencement date for 1 year thereafter; (iii) three fourteenths of the share options shall become vested on each anniversary of the vesting commencement date for 4 years thereafter and one fourteenth of the share options become vested on each anniversary of the vesting commencement date for 2 years thereafter; (iv) immediate vesting of the share options on the grant date. Even though the service condition might have been satisfied, employees are required to provide continued service through the occurrence of change of control or an initial public offering, collectively, the Liquidity Event, in order to retain the award. Given the vesting of the share options granted is contingent upon the occurrence of the Liquidity Event, there is no share-based compensation expense is to be recognized until the date of consummation of Liquidity Event. Movements in the number of share options granted and their related weighted average exercise prices are as follows: Number of Weighted Weighted Aggregate As of January 1, 2020 68,589,097 0.0073 4.58 Granted 136,230,857 0.2960 Cancelled ( 1,849,265 ) 0.0006 Forfeited ( 1,544,428 ) 0.2062 Accelerated vesting and exercised ( 15,518,385 ) - As of December 31, 2020 185,907,876 0.2179 13.73 749,602 Granted 55,388,338 0.8790 Forfeited ( 4,570,510 ) 0.8782 Exercised ( 7,686,832 ) 0.0392 As of December 31, 2021 229,038,872 0.3706 12.98 38,230 Granted 85,357,994 0.0250 Forfeited ( 27,297,153 ) 0.0250 As of December 31, 2022 287,099,713 0.0448 11.99 91,942 Exercisable as of December 31, 2022 123,287,676 39,958 The Company has used binomial option-pricing model to determine the fair value of the share options as of the grant dates. Key assumptions are set as below: 18. SHARE-BASED COMPENSATION (Continued) (f) Vesting of share options (Continued) Year ended December 31, 2020 2021 2022 RMB RMB RMB Weighted average fair value per option granted 7.3798 1.3882 0.2562 Weighted average exercise price 2.0418 5.6699 0.1659 Risk-free interest rate (1) 0.48 %~ 1.01 % 1.45 %- 1.97 % 1.56 %- 4.04 % Expected term (in year) (2) 10 ~ 16 14 14 Expected volatility (3) 50.9 %~ 55.9 % 54.69 %- 57.00 % 53.62 %- 68.75 % Dividend yield (4) 0 % 0 % 0 % (1) The risk-free interest rates of periods within the contractual life of the share option are based on the daily treasury long-term rate of U.S. Department of the Treasury as of the valuation dates. (2) The expected term is the contract life of the option. (3) Expected volatility is estimated based on the average of historical volatilities of the comparable companies in the same industry as at the valuation dates. (4) The Company has no history or expectation of paying dividend on its ordinary shares. The expected dividend yield was estimated based on the Company’s expected dividend policy over the expected term of the option. For the years ended December 31, 2020, 2021 and 2022, RMB 279,908 , RMB 464,011 and RMB 392,727 share-based compensation expenses were recognized for share options. As of December 31, 2022, there were RMB 346,171 of unrecognized compensation expenses related to stock options for which the service conditions will be met over a weighted average period of 1.27 years. (g) Share-based compensation expenses For the years ended December 31, 2020, 2021 and 2022, share-based compensation expenses have been included in the following accounts in the consolidated statement of operations: Year ended December 31, 2020 2021 2022 RMB RMB RMB Fulfilment expenses 2,947 13,122 4,267 Selling and marketing expenses 54,332 80,558 62,231 General and administrative expenses 1,841,409 418,823 248,400 Research and development expenses 1,900 17,937 25,962

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	19. NET LOSS PER SHARE Basic and diluted net loss per share for the years ended December 31, 2020, 2021 and 2022 are calculated as follow: Year ended December 31, 2020 2021 2022 RMB RMB RMB Numerator: Net loss attributable to the Yatsen Holding Limited’s shareholders ( 2,687,807 ) ( 1,540,734 ) ( 815,371 ) Accretion to preferred shares redemption value ( 242,209 ) - - Deemed dividend due to modification of preferred shares ( 1,054,220 ) - - Net loss attributable to ordinary shareholders of Yatsen Holding Limited ( 3,984,236 ) ( 1,540,734 ) ( 815,371 ) Denominator: Denominator for basic and diluted calculation—weighted average number of ordinary shares outstanding 833,714,126 2,526,833,201 2,372,728,777 Net loss per ordinary share —Basic ( 4.78 ) ( 0.61 ) ( 0.34 ) —Diluted ( 4.78 ) ( 0.61 ) ( 0.34 ) For the years ended December 31, 2020, 2021 and 2022, the following shares outstanding were excluded from the calculation of diluted net loss per ordinary share, as their inclusion would have been anti-dilutive for the years prescribed. Year ended December 31, 2020 2021 2022 Shares issuable upon conversion of preferred shares 959,555,911 - - Shares issuable upon exercise of share options 113,142,382 209,409,699 280,482,617 Restricted shares become outstanding upon vesting 256,752,927 - -

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	20. RELATED PARTY TRANSACTIONS Major transactions and balances amount with related parties were as follows: Transactions with related parties Year ended December 31, 2020 2021 2022 RMB RMB RMB Purchases of storage and transportation service from an affiliated company 15,183 13,843 - Purchases of inventories and services from an affiliated company - 24,472 137,476 Sales of inventories to a company controlled by the Chief Executive Officer of the Group - - 11,384 Affiliated company is a company over which the Group has significant influence. Balance amounts with related parties As of December 31, 2021 2022 RMB RMB Amounts due from a company controlled by the Chief Executive Officer of the Group - 5,594 Amounts due from affiliated companies 60 60 60 5,654 Amounts due to an affiliated company 13,967 27,242

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	21. FAIR VALUE MEASUREMENTS Fair value reflects the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the assets or liabilities. The Group applies a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. This guidance specifies a hierarchy of valuation techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The hierarchy is as follows: Level 1—Valuation techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that are identical to the assets or liabilities being measured. Level 2—Valuation techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar to the assets or liabilities being measured and/or quoted prices for assets or liabilities that are identical or similar to the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets are Level 2 valuation techniques. Level 3—Valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are valuation technique inputs that reflect the Group's own assumptions about the assumptions that market participants would use in pricing an asset or liability. The fair value guidance describes three main approaches to measure the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. 21. FAIR VALUE MEASUREMENTS (Continued) Recurring The Group has no financial instruments measured or disclosed at fair value on a recurring basis as at December 31, 2021 and 2022. When available, the Group uses quoted market prices to determine the fair value of an asset or liability. If quoted market prices are not available, the Group will measure fair value using valuation techniques that use, when possible, current market-based or independently sourced market parameters, such as interest rates and currency rates. Non-Recurring As of December 31, 2021 and 2022, the Group had no financial assets or financial liabilities that are measured in fair value on a non-recurring basis. The equity securities without readily determinable fair value, equity method investments and certain non-financial assets are recorded at fair value only if an impairment or observable price adjustment is recognized in the current period. If an impairment or observable price adjustment is recognized on the equity securities during the period, the Group classify these assets as Level 3 within the fair value hierarchy based on the nature of the fair value inputs. The Group reviews the long-lived assets and certain identifiable intangible assets other than goodwill for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. In accordance with the Group policy to perform an impairment assessment of its goodwill on an annual basis as of the balance sheet date or when facts and circumstances warrant a review, the Group performed an impairment assessment on its goodwill of reporting units annually. Other than the equity investments without readily determinable fair value (Note 8) and property and equipment, net (Note 9), the Group did not have any assets and liabilities that were measured at fair value on a nonrecurring basis.

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	22. COMMITMENTS AND CONTINGENCIES (a) Capital commitment As at December 31, 2022, the Group had capital commitments of RMB 450,000 related to investments in a joint venture. (b) Operating lease commitment As at December 31, 2022, the Group's outstanding commitment of operating lease contracted but not yet reflected in the consolidated financial statements amounted to RMB 1,486 . (c) Products and services purchase commitment As at December 31, 2022, the Group's products and services purchase commitment amounted to RMB 88,675 . (d) Legal proceedings On September 23, 2022, the Group, certain of its current and former directors and officers were named as defendants in a class action filed in federal court, which was purportedly brought on behalf of a class of persons who allegedly suffered damages as a result of alleged misstatements and omissions in the Group's public disclosure documents. Currently, the case is under Lead Plaintiff selection process. During the selection of the Lead Plaintiff, the Group has no obligation to submit any documents to the court. It is estimated that the Group will submit the Motion Dismiss to the court by the end of 2023. As the case remain in its preliminary stages, the likelihood of any unfavorable outcome or the amount or range of any potential loss cannot be reasonably estimated at the issuance date of the consolidated financial statements. As a result, as of December 31, 2022, the Group did not record any liabilities for the loss contingencies pertaining to the case described above. In addition to the above, from time to time, the Group is subject to legal proceedings, investigations and claims incidental to the conduct of its business. As of December 31, 2021 and, 2022, the Group was not involved in any legal or administrative proceedings that the Group believes may have a material adverse impact on the Group's business, balance sheets or results of operations and cash flows. (e) Financial guarantees As at December 31, 2022, the Group provided guarantees up to a limit of approximately RMB 98 million in respect of bank loans borrowed by an affiliated company over which the Group has significant influence, among which guarantees of approximately RMB 8 million were utilized. During the year ended December 31, 2022, the Group signed an agreement with and provided financial guarantee to a depositary bank for collection of minimum annual service fees until 2024. According to the agreement, the Group placed a security deposit of US$ 6 million, which was classified as restricted cash as at December 31, 2022, in the depositary bank. The security bank deposit will be forfeited up to US$ 6 million if the depositary bank is not able to collect the contractual minimum annual service fees from ADR holders. As of December 31, 2022, the financial guarantee was still within the validity period of the contract and would persist till the guarantee period expired.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	23. SUBSEQUENT EVENTS In February and March 2023, the Company granted 65,662,949 shares of options to its management and other key employees pursuant to the Company's 2020 Share Incentive plan.

Restricted Net Assets

Restricted Net Assets	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Restricted Net Assets	24. RESTRICTED NET ASSETS Relevant PRC laws and regulations permit payment of dividends by the Group's entities incorporated in the PRC only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. In addition, the Group's entities in the PRC are required to annually appropriate 10 % of their net after-tax income to the statutory surplus reserve fund prior to payment of any dividends, unless such reserve funds have reached 50 % of their respective registered capital. As a result of these and other restrictions under PRC laws and regulations, the Group's entities and the VIEs subsidiary incorporated in the PRC are restricted in their ability to transfer a portion of their net assets to the Company either in the form of dividends, loans or advances, which restricted portion as calculated under U.S. GAAP amounted to RMB 1,221,410 as of December 31, 2022. There is no significant difference between U.S. GAAP and PRC accounting standards in connection with the reported net assets of the legally owned subsidiaries in the PRC and the VIEs. Even though the Company currently does not require any such dividends, loans or advances from the PRC entities for working capital and other funding purposes, the Company may in the future require additional cash resources from them due to changes in business conditions, to fund future acquisitions and development, or merely to declare and pay dividends or distributions to its shareholders. Except for the above, there is no other restriction on the use of proceeds generated by the Group's subsidiaries and the VIEs to satisfy any obligations of the Company. The Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that the restricted net assets exceed 25 % of the consolidated net assets of the Company as of December 31, 2022 and the condensed financial information of the Company are required to be presented. Cash transfers from the Company’s PRC subsidiaries to their parent companies outside of China are subject to PRC government control of currency conversion. Shortages in the availability of foreign currency may temporarily restrict the ability of the PRC subsidiaries and consolidated affiliated entities to remit sufficient foreign currency to pay dividends or other payments to the Company, or otherwise satisfy their foreign currency denominated obligations.

Schedule I

Schedule I	12 Months Ended
	Dec. 31, 2022
Financial Information [Abstract]
Condensed Financial Information of the Parent Company	Schedule I—Condensed Financial Information of the Parent Company Balance Sheets (All amounts in thousands, except for share and per share data) As of December 31, 2021 2022 2022 RMB RMB US$ (Note 2(e)) Assets Current assets Cash and cash equivalents 33,320 115,480 16,743 Short-term investments - 345,171 50,045 Prepayments and other current assets 2,494 483 70 Amounts due from subsidiaries 6,157,680 5,550,398 804,735 Total current assets 6,193,494 6,011,532 871,593 Non-current assets Restricted cash - 41,383 6,000 Total non-current assets - 41,383 6,000 Total assets 6,193,494 6,052,915 877,593 Liabilities and shareholders' equity (deficit) Current liabilities Accrued expenses and other liabilities 19,766 6,689 970 Amounts due to subsidiaries - 13,084 1,897 Total current liabilities 19,766 19,773 2,867 Non-current liabilities Deficit of investments in subsidiaries and VIE 458,360 1,268,420 183,904 Deferred income 56,180 45,280 6,565 Total non-current liabilities 514,540 1,313,700 190,469 Total liabilities 534,306 1,333,473 193,336 Shareholders’ equity (deficit) Ordinary Shares (US$0 .00001 par value; 10,000,000,000 ordinary shares authorized, comprising of 6,000,000,000 Class A ordinary shares, 960,852,606 Class B ordinary shares and 3,039,147,394 shares each of such classes to be designated as of December 31, 2021 and December 31, 2022; 1,938,303,919 Class A shares and 758,869,844 Class B ordinary shares issued; 1,789,239,887 Class A ordinary shares and 737,513,429 Class B ordinary shares outstanding as of and December 31, 2021; 2,030,600,883 Class A shares and 666,572,880 Class B ordinary shares issued; 1,569,677,384 Class A ordinary shares and 666,572,880 Class B ordinary shares outstanding as of and December 31, 2022) 173 173 25 Treasury shares ( 22,330 ) ( 669,150 ) ( 97,018 ) Additional paid-in capital 11,697,942 12,038,802 1,745,462 Accumulated deficit ( 5,760,817 ) ( 6,576,188 ) ( 953,458 ) Accumulated other comprehensive income (loss) ( 255,780 ) ( 74,195 ) ( 10,754 ) Total shareholders' (deficit) equity 5,659,188 4,719,442 684,257 Total liabilities and shareholders’ equity (deficit) 6,193,494 6,052,915 877,593 Statements of Income and Comprehensive Income (All amounts in thousands) As of December 31, 2020 2021 2022 2022 RMB RMB RMB US$ (Note 2(e)) General and administrative expenses ( 9,871 ) ( 28,484 ) ( 19,329 ) ( 2,802 ) Loss from operations ( 9,871 ) ( 28,484 ) ( 19,329 ) ( 2,802 ) Financial income 5,309 880 1,181 171 Foreign currency exchange losses - - ( 6 ) ( 1 ) Loss from subsidiaries and VIE ( 2,683,245 ) ( 1,527,645 ) ( 812,151 ) ( 117,750 ) Other income, net - 14,515 14,934 2,165 Net loss attributable to Yatsen Holding Limited’s shareholders ( 2,687,807 ) ( 1,540,734 ) ( 815,371 ) ( 118,217 ) Accretion to Preferred Shares ( 242,209 ) - - - Deemed dividends due to modification of Preferred Shares ( 1,054,220 ) - - - Net loss attributable to ordinary shareholders of Yatsen Holding Limited ( 3,984,236 ) ( 1,540,734 ) ( 815,371 ) ( 118,217 ) Net loss attributable to Yatsen Holding Limited’s shareholders ( 2,687,807 ) ( 1,540,734 ) ( 815,371 ) ( 118,217 ) Other comprehensive income (loss): Foreign currency translation adjustment, net of nil tax ( 111,697 ) ( 158,515 ) 181,585 26,327 Comprehensive loss attributable to Yatsen Holding Limited’s shareholders ( 2,799,504 ) ( 1,699,249 ) ( 633,786 ) ( 91,890 ) Statements of Cash Flows (All amounts in thousands) As of December 31, 2020 2021 2022 2022 RMB RMB RMB US$ (Note 2(e)) Net cash provided by (used in) operating activities ( 20,890 ) 45,330 ( 25,271 ) ( 3,664 ) Capital contribution to Group companies ( 624,978 ) ( 25,856 ) - - Purchases of short-term investments - - ( 342,380 ) ( 49,640 ) Advances to Group companies ( 5,487,408 ) ( 2,060,287 ) ( 1,396,460 ) ( 202,468 ) Receival of advances repayment from Group companies 840 1,165,010 2,539,576 368,204 Acquisition of businesses, net of cash and cash equivalents acquired ( 3,196 ) - - - Net cash provided by (used in) investing activities ( 6,114,742 ) ( 921,133 ) 800,736 116,096 Proceeds from issuance of Preferred Shares, net of issuance costs 3,909,059 - - - Proceeds from issuance of Ordinary Shares, net of issuance costs 4,389,910 - - - Repurchases of Ordinary Shares ( 491,167 ) ( 15,161 ) ( 654,650 ) ( 94,915 ) Repurchases of Preferred Shares ( 1,076,771 ) - - - Issuance costs of issuance of Ordinary Shares in IPO - - ( 1,706 ) ( 247 ) Repayment of a shareholder receivable resulting from Repurchases of Ordinary Shares - 12,959 - - Proceeds from exercise of vested share options - - 1,906 276 Net cash provided by (used in) financing activities 6,731,031 ( 2,202 ) ( 654,450 ) ( 94,886 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash ( 66,906 ) ( 23,679 ) 2,528 366 Net increase in cash, cash equivalents and restricted cash 528,493 ( 901,684 ) 123,543 17,912 Cash and cash equivalents and restricted cash at the beginning of the year 406,511 935,004 33,320 4,831 Cash and cash equivalents and restricted cash at the end of the year 935,004 33,320 156,863 22,743 Schedule I—Condensed Financial Information of the Parent Company Notes to Schedule I (All amounts in thousands) (1) BASIS FOR PREPARATION The condensed financial information of the Company has been prepared using the same accounting policies as set out in the Group’s consolidated financial statements except that the Company has used the equity method to account for investments in its subsidiaries. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company. (2) INVESTMENTS IN SUBSIDIARIES The Company and its subsidiaries were included in the consolidated financial statements where the inter-company transactions and balances were eliminated upon consolidation. For the purpose of the Company’s stand-alone financial statements, its investments in subsidiaries were reported using the equity method of accounting. The Company’s share of income (loss) from its subsidiaries were reported as equity in earnings of subsidiaries in the accompanying parent company financial statements.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	25. SEGMENT INFORMATION Reportable operating segments include components of an enterprise about which separate financial information is available that is evaluated regularly by the CODM in deciding how to allocate resources and in assessing performance. The Group's CODM has been identified as the Chief Executive Officer. In the prior years, the Group had only one reportable segment, which was selling beauty products. Due to operational changes, the Group adjusted the reporting segmentation in light of the development of the Skincare Brands business. The Group currently reports the results of operations in three segments on a product category basis, namely Color Cosmetics Brands, Skincare Brands and others. The CODM measures the performance of each segment based on metrics of net revenues and income (loss) from operations and uses these results to evaluate the performance of, and to allocate resources to, each of the segments. Given this change in the composition of the Group’s reportable segments, prior year segment information was retrospectively adjusted to reflect the current reporting structure for the segments. The table below provides a summary of the Group’s reportable segment results for the years ended December 31, 2020, 2021 and 2022: Year ended December 31, 2020 2021 2022 RMB RMB RMB Net revenues Color Cosmetics Brands 4,919,317 4,869,279 2,415,500 Skincare Brands 200,819 855,241 1,241,528 Others 113,034 115,453 49,094 Total net revenues 5,233,170 5,839,973 3,706,122 Loss from operations Color Cosmetics Brands ( 695,684 ) ( 823,296 ) ( 476,998 ) Skincare Brands ( 76,111 ) ( 220,854 ) ( 63,095 ) Others ( 7,659 ) ( 8,081 ) 755 Unallocated expenses (a) ( 1,903,217 ) ( 572,013 ) ( 389,560 ) Total loss from operations ( 2,682,671 ) ( 1,624,244 ) ( 928,898 ) Reconciliation Financial income 14,313 45,658 34,656 Foreign currency exchange losses ( 2,774 ) ( 1,751 ) ( 35,357 ) Income from equity method investments, net ( 293 ) 5,978 12,548 Impairment loss of investments - ( 1,375 ) ( 5,078 ) Other (expenses) income, net ( 10,020 ) 27,775 103,501 Loss before income tax expenses ( 2,681,445 ) ( 1,547,959 ) ( 818,628 ) (a) Unallocated expenses represent share-based compensation and amortization of intangible assets resulting from assets and business acquisitions, which are not allocated to segments. No asset information is provided for reportable segments as no such information provides to the CODM to evaluate the segment performance and most assets are managed at the group level. Substantially all revenues and long-lived assets of Group are derived from and located in the PRC.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of presentation	(a) Basis of presentation The consolidated financial statements of the Group have been prepared in accordance with U.S. GAAP. Significant accounting policies followed by the Group in the preparation of the consolidated financial statements are summarized below. (b) Basis of consolidation The Group's consolidated financial statements include the financial statements of the Company, its subsidiaries and VIEs for which the Company or its subsidiary is the primary beneficiary. A subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting powers; or has the power to appoint or remove the majority of the members of the board of directors; or to cast a majority of votes at the meeting of directors; or has the power to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. A VIE is an entity in which the Company, or its subsidiary, through contractual agreements, bears the risks of, and enjoys the rewards normally associated with ownership of the entity, and therefore the Company or its subsidiary is the primary beneficiary of the entity. All transactions and balances among between the Company, its subsidiaries and VIEs have been eliminated upon consolidation.
Use of estimates	(c) Use of estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group's consolidated financial statements include inventory valuation, goodwill impairment assessment, valuation and recognition of share-based compensation arrangements, and fair value of assets and liabilities acquired in business combinations. The management bases the estimates and judgments on historical information and on various other assumptions that management believes are reasonable under the circumstances. Actual results could differ materially from such estimates.
Functional currency and foreign currency translation	(d) Functional currency and foreign currency translation The Group uses Renminbi (“RMB”) as its reporting currency. The functional currency of the Company and its subsidiaries incorporated in Cayman Islands is United States dollar (“US$”), in Hong Kong is US$ or Hong Kong dollar (“HKD”), in United Kingdom is Great Britain Pound (“GBP”), in France is Euro (“EUR”), and in Japan is Japanese Yen (“JPY”) while the functional currency of the Group’s entities in PRC is RMB, which is their respective local currency. In the consolidated financial statements, the financial information of the Company and its subsidiaries, which use foreign currency as their functional currency, have been translated into RMB. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains, and losses are translated using the average exchange rate for the period. Translation adjustments arising from these are reported as foreign currency translation adjustments and are shown as a component of other comprehensive income (loss) in the consolidated statement of comprehensive income (loss). Foreign currency transactions denominated in currencies other than functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are remeasured at the applicable rates of exchange in effect at that date. Foreign exchange gains and losses resulting from the settlement of such transactions and from remeasurement at year-end are recognized in foreign currency exchange gains (losses), net in the consolidated statement of operations.
Convenience translation	(e) Convenience translation Translations of balances in the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income (loss) and consolidated statements of cash flows from RMB into US$ as of and for the year ended December 31, 2022 are solely for the convenience of the reader and were calculated at the noon buying rate of US$ 1.00 = RMB 6.8972 on December 30, 2022 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2022, or at any other rate.
Cash and cash equivalents	(f) Cash and cash equivalents Cash and cash equivalents consist of cash on hand, demand deposits and highly liquid investments with original maturity of less than three months. Cash and cash equivalents are placed with financial institutions with high-credit ratings and quality.
Restricted cash	(g) Restricted cash Restricted cash primarily represents cash reserved in relation to litigations and security deposits held in the depositary bank account for financial guarantee. As at December 31,2021 and 2022, the restricted cash amounted to nil and RMB 41,383 , respectively.
Short-term investment	(h) Short-term investment Short-term investment represent time deposits placed with banks with original maturities between three months and one year. Interest earned is recorded as interest income in the consolidated statements of operations during the periods presented.
Accounts receivable	(i) Accounts receivable Accounts receivable are stated at the historical carrying amount net of allowance for doubtful accounts. The accounts receivable mainly include receivables from platform distributor customers, wholesale customers and independent payment channels or payment channel functions operated by platforms, who collect from end customers on behalf of the Group before the Group’s delivery of products (“Payment Channels”). The receivables from platform distributor customers and wholesale customers are settled in accordance with credit terms mutually agreed. The receivable from Payment Channels is settled upon pre-agreed days after the Group delivers products to end customers, or when customers confirm their receipts of products, whichever is earlier. The allowance for doubtful accounts reflects the Group’s best estimate of expected losses. Before January 1, 2020, the Group determines the allowance for doubtful accounts based on an assessment of historical collection activity, the current business environment and forecasts that may affect the customers' ability to pay. From January 1, 2020, the Group determines the expected credit loss provisions based on ASC Topic 326, detailed as Note 2(j).
Expected credit losses	(j) Expected credit losses The Group adopted the accounting standards update of ASC Topic 326 and several associated ASUs related to the measurement of credit losses on January 1, 2020 using a modified retrospective approach, which did not have a material impact on retained earnings (accumulated deficit). The Group’s accounts receivable and other receivables classified as other current assets and other non-current assets are within the scope of ASC Topic 326. The Group has identified the relevant risk characteristics of its customers and the related receivables and other receivables which include size, type of the services or products the Group provides, or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Group considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Group’s receivables. The Group also provides specific provisions for allowance when facts and circumstances indicate that the receivable is unlikely to be collected. Expected credit losses for accounts receivable are recorded as general and administrative expenses on the consolidated statements of operations. The Group’s accounts receivable primarily include (i) receivables from the e-commerce platform distributors who sell products to their end customers on prepayment term and therefore are subject to limited credit loss risk from their customers, and (ii) receivables from Payment Channels who collect from the Group’s end customers on behalf of the Group before the delivery of products, and (iii) receivables from wholesale customers. Based on such industry practice and considering no significant bad debt expense incurred historically, the Group expected no significant credit losses will be incurred for accounts receivable due from these three types of customers.
Inventories	(k) Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined using the weighted average method. Impairment is made for excessive, slow moving, expired and obsolete inventories as well as for inventories with carrying values in excess of market. Certain factors could impact the realizable value of inventory, so the Group continually estimated the net realizable value based on assumptions relating to the demand forecast for inventories, including potential product obsolescence, sales strategy, and marketability of inventories. The estimation may take into consideration historical usage, inventory aging, expiration date, expected demand, anticipated sales price, new product development schedules, the effect new products might have on the sale of existing products, product obsolescence, customer concentrations, and other factors. The impairment is equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory impairment may be required that could negatively impact the Group’s gross margin and operating results. If actual market conditions are more favorable, the Group may have higher gross margin when products that have been previously provided for are eventually sold.
Property and equipment, net	(l) Property and equipment, net Property and equipment is carried at cost less accumulated depreciation and impairment, if any. Depreciation is calculated on a straight-line basis over the following estimated useful lives. Category Estimated useful lives Machinery 3 - 10 years Electronic equipment 3 years Office furniture and equipment 3 - 5 years Vehicles 4 years Leasehold improvements Shorter of the term of the lease or the estimated useful lives of the assets Repairs and maintenance costs are charged to expenses as incurred, whereas the costs of renewals and betterment that extend the useful lives of property and equipment are capitalized as additions to the related assets. The Group recognizes the gain or loss on the disposal of property and equipment in the consolidated statements of operations. Construction in progress represents direct costs that are related to the construction of property and equipment and incurred in connection with bringing the assets to their intended use. The costs of construction in progress are transferred to specific property and equipment accounts and the depreciation of these assets commences when the assets are ready for their intended use.
Intangible assets, net	(m) Intangible assets, net Intangible assets purchased from third parties are initially recorded at cost and amortized on a straight-line basis over the estimated economic useful lives. The acquired intangible assets are recognized and measured at fair value and are expensed or amortized using the straight-line approach over the estimated economic useful lives of the assets. The estimated useful lives of intangible assets are as follows: Category Estimated useful lives Trademarks 9 - 20 years Software 5 - 10 years Customer Relationship 10 years Techniques 10 years Non-compete 5 years
Goodwill	(n) Goodwill Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the identifiable assets acquired and the liabilities assumed of an acquired business.The Group conducts an impairment test as of December 31 of each year, or more frequently if events or circumstances indicate that the carrying value of goodwill may be impaired. In accordance with ASC 350, the Group does not amortize goodwill, but tests it for impairment. The Group tests goodwill for impairment at the reporting unit level on an annual basis as of December 31 of each year, or more frequently if events or circumstances indicate that the carrying value of goodwill may be impaired. The Group adopted ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, and in accordance with the FASB, pursuant to which the Group has the option to choose whether it will apply a qualitative assessment first and then a quantitative assessment, if necessary, or to apply a quantitative assessment directly. For reporting units applying a qualitative assessment first, the Group starts the goodwill impairment test by assessing qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value of the reporting unit with its carrying value, including goodwill. If the carrying value of each reporting unit, including goodwill, exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, but limited to the total amount of goodwill allocated to that reporting unit. Application of a goodwill impairment test requires significant management judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining the fair value of each reporting unit. The Group estimates fair value using the income approach and the market approach. The fair value determined using the income approach is compared with comparable market data and reconciled, as necessary. The judgment in estimating the fair value of reporting units includes revenue growth rates and profitability in estimating future cash flows; determining appropriate discount rates and earnings multipliers based on market data of comparable companies engaged in a similar business under the market approach; and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit. No impairment provision was made for the years ended December 31, 2020, 2021 and 2022.
Business combination	(o) Business combination Business combinations are recorded using the purchase method of accounting, and the cost of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of the (i) the total of consideration paid, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the subsidiary acquired over (ii) the fair value of the identifiable net assets of the subsidiary acquired is recorded as goodwill. If the consideration of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive income. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (o) Business combination (Continued) The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized in additional paid-in capital.
Investments	(p) Investments 1) Equity investments accounted for using the equity method The Group accounts for its equity investments over which it has significant influence but does not own a majority equity interest or otherwise control using the equity method. The Group adjusts the carrying amount of the investment and recognizes investment income or loss for its share of the earnings or losses of the investee after the date of investment. 2) Equity investments without readily determinable fair values The Group elected to record equity investments without readily determinable fair values and not accounted for by the equity method at cost, less impairment, adjusted for subsequent observable price changes, and will report changes in the carrying value of the equity investments in current earnings. Changes in the carrying value of the equity investment will be required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. The Group monitors its investments for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, the operating performance of the companies including current earnings trends and other company-specific information.
Impairment of long-lived assets	(q) Impairment of long-lived assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Group had originally estimated. When these events occur, the Group evaluates the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Group recognizes an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets.
Leases	(r) Leases In February 2016, the FASB issued ASC 842, Leases, to require lessees to recognize all leases, with certain exceptions, on the balance sheet, while recognition on the operations will remain similar to lease accounting under ASC 840. Subsequently, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases, ASU No. 2018-11, Targeted Improvements, ASU No. 2018-20, Narrow-Scope Improvements for Lessors, and ASU 2019-01, Codification Improvements, to clarify and amend the guidance in ASU No. 2016-02. As a lessee Operating lease The Group early adopted the ASUs as of January 1, 2018 using the modified retrospective approach. The adoption impact was immaterial. Upon adoption, the Group elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed the Group to carry forward the historical determination of contracts as leases, lease classification and not reassess initial direct costs for historical lease arrangements. In addition, the Group also elected the practical expedient to apply consistently to all of the Group’s leases to use hindsight in determining the lease term (that is, when considering lessee options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of the Group’s right-of-use assets. The Group includes a right-of-use asset and lease liability related to substantially all of the Group’s lease arrangements in the consolidated balance sheets. All of the Group’s leases are operating leases. Operating lease assets are included within right-of-use assets, and the corresponding lease liabilities are included in either current or long-term liabilities. The Group has elected not to present short-term leases on the consolidated balance sheet as these leases have a lease term of 12 months or less at commencement date of the lease and do not include options to purchase or renew that the Group is reasonably certain to exercise. The Group recognizes lease expenses for such short-term lease generally on a straight-line basis over the lease term. All other lease assets and lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Group’s leases do not provide an implicit rate of return, the Group uses the Group’s incremental borrowing rate based on the information available at adoption date or lease commencement date in determining the present value of lease payments.
Redeemable non-controlling interests	(s) Redeemable non-controlling interests The Group determined that the non-controlling interest with redemption rights should be classified as redeemable non-controlling interest since they are contingently redeemable upon the occurrence of certain conditional events, which are not solely within the control of the Group. The redeemable non-controlling interests is recognized at fair value on the acquisition date. The Group records accretion on the redeemable non-controlling interest to the redemption value over the period from the date of the acquisition to the date of earliest redemption. The accretion using the effective interest method, is recorded as deemed dividends to preferred shareholders, which reduce retained earnings and equity classified non-controlling interests, and earnings available to common shareholders in calculating basic and diluted earnings per share. The process of adjusting redeemable non-controlling interests to its redemption value (the “Mezzanine Adjustment”) should be performed after attribution of the subsidiary’s net income or loss pursuant to ASC 810, Consolidation. The carrying amount of redeemable non-controlling interests will equal the higher of the amount resulting from application of ASC 810 or the amount resulting from the Mezzanine Adjustment. As the expected redemption value is less than the carrying value of redeemable non-controlling interests, there is nil mezzanine adjustment recognized for the year ended December 31, 2022.
Revenue recognition	(t) Revenue recognition The Group adopted ASC 606 for all periods presented. According to ASC 606, revenue is recognized when control of the promised good or service is transferred to the customer in an amount that reflects the consideration the Group expects to receive in exchange for those goods or services, after considering estimated sales return allowances, price concessions, discount and value added tax (“VAT”). Consistent with the criteria of Topic 606, the Group follows five steps for its revenue recognition: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Group’s revenues are primarily derived from (i) sales of the Group’s products to third party platform distributor customers and wholesale customers who then sell to end customers and (ii) sales of the Group’s products to end customers directly through the Group’s online stores run on third party e-commerce platforms and through offline stores operated by the Group. Refer to Note 15 to the consolidated financial statements for disaggregation of the Group's revenues for the years ended December 31, 2020, 2021 and 2022. The Group enters into two types of agreements with third party e-commerce platforms: 1) Distribution Agreements Under the distribution agreements, the platform distributor customers purchase products from the Group and sell to end customers under the platform distributor customer’s name. According to the agreements, the platform distributor customers take control of the products and are entitled to rights of return and price protection. After taking control of the products, the platform distributor customer is responsible for selling and fulfilling all obligations in its sales contracts with end customers, including delivering the products and providing customer support. Under the distribution agreement, the Group has a sale contract with the platform distributor customer and has no sales contract with the end customers. Based on these indicators, the Group determined the e-commerce platform distributors (as opposed to the end customers) as its customers according to ASC 606-10-55-39. 2) Platform Service Agreements Under the platform service agreements, the Group sets up online stores on the platforms to sell the Group’s product to end customers. The platforms provide services to support the operations of the online store including processing sales orders and collecting from end customers. The platforms charge the Group service fees based on the Group’s sales through the online stores. The Group enters sale contracts directly with the end customers. The platforms do not take control of the goods and do not include sales contracts with end customers. The Group is responsible for selling and fulfilling all obligations according to its sales contracts with end customers, including delivering products and providing customer support. Accordingly, the Group determined the end customers (as opposed to the platforms) as its customers according to ASC 606-10-55-39. The sales contracts with end customers normally include a customer’s right to return products within 7 days after receipt of goods. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (t) Revenue recognition (Continued) 2) Platform Service Agreements (Continued) The Group identifies its performance obligation to both e-commerce platform distributor customers and end customers as to transfer the control of the products ordered to the customers. Contracts with customers may include multiple performance obligations if there is a need to separate one order into multiple deliveries. In those scenarios, transaction price will be allocated to different performance obligations based on relative standalone selling prices. The Group recognizes revenue from sales to e-commerce platform distributors upon delivery of the products to e-commerce platform distributors’ warehouses in an amount equal to the contract sales prices less estimated sales allowances for sales returns, rebates and price protection. The Group recognizes revenues from sales to end customers upon delivery of the product to end customers in an amount equal to the contract sales prices less estimated sales allowances for sales returns and sales incentives. Estimated sales allowances for sales returns, rebates, incentives and price protection are made based on contract terms and historical patterns. Sales incentives The Group grants points to customers when they purchase goods from its online platforms. The points can be used to offset against payments or exchanged for goods when customers make their future purchases. The Group considers the points as a separate performance obligation and allocates the transaction price proportionally between the product sold and the points granted on a relative standalone selling price basis in consideration of the likelihood of future redemption based on historical experience and the equivalent value per point when they are redeemed. The deferred income recorded for the point is considered as a contract liability. As of December 31, 2021 and 2022, the Group recorded contract liability related to the points of RMB 11,722 and RMB 3,814 , respectively. Contract balances A receivable is recorded when the Group has an unconditional right to consideration. A right to consideration is unconditional if only the passage of time is required before payment of that consideration is due. A contract asset is recorded when the Group has transferred products to the customer before payment is received or is due, and the Group’s right to consideration is conditional on future performance or other factors in the contract. No contract asset was recorded as of December 31, 2021 and 2022. Sales to e-commerce platform distributor customers are on credit terms, and receivables are recorded upon recognizing revenues. Sales through online stores on platforms are paid by the end customers to Payment Channels before the Group delivers the products. Payment Channels settle with the Group based upon pre-agreed days after the Group delivers products to end customers, or when the end customers confirm their receipts of products, whichever is earlier. A contract liability is recorded when the Group’s obligation to transfer goods to a customer has not yet occurred but for which the Group has received consideration from the customer. The Group presents such amounts as advances from customers on the consolidated balance sheets. As of December 31, 2021 and 2022, advances from customers were RMB 20,680 and RMB 16,652 , respectively. All contract liability balances at the beginning of the years were recognized as revenue in the following years due to generally short-term duration of contracts. During the years ended December 31, 2020, 2021 and 2022, the Group did no t have any revenue recognized from performance obligations satisfied (or partially satisfied) in previous periods. 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) (t) Revenue recognition (Continued) Practical Expedients The transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied has not been disclosed, as substantially all of the Group’s contracts have a duration of one year or less. Payment terms with platform distributor customers and Payment Channels generally require settlement within one year or less. The Group has determined that its contracts generally do not include a significant financing component. The Group generally expenses sales commissions when incurred because the amortization period is one year or less. These costs are recorded within selling and marketing expenses.
Cost of revenues	(u) Cost of revenues Cost of revenues consists primarily of material costs, consignment manufacturing cost and related costs that are directly attributable to the production of products.
Fulfilment expenses	(v) Fulfilment expenses Fulfilment expenses primarily represent expenses incurred for warehousing, shipping and delivering products to customers, mainly including rental and personnel costs for warehouses as well as third party shipping costs.
Selling, marketing, general and administrative expenses	(w) Selling and marketing expenses Selling and marketing expenses primarily consist of (i) advertising and marketing promotion expenses, (ii) platform commission, (iii) personnel costs for sales and marketing staff, (iv) rental, depreciation expenses, personnel and other costs for offline experience stores and (v) share-based compensation expenses. For the years ended December 31, 2020, 2021 and 2022, advertising and marketing promotion expenses totaled to RMB 2,215,074 , RMB 2,369,769 and RMB 1,064,621 , respectively. (y) General and administrative expenses General and administrative expenses consist of personnel costs including share-based compensation expenses and other expenses which are related to the general corporate functions, including accounting, finance, tax, legal and human relations, costs associated with use by these functions of facilities and equipment, such as depreciation expenses, rental and other general corporate related expenses.
Research and development expenses	(x) Research and development expenses Research and development expenses primarily consist of personnel costs for research and development staff, general expenses and depreciation expenses associated with research and development activities.
Employee social security and welfare benefits	(z) Employee social security and welfare benefits Employees of the Group in the PRC are entitled to staff welfare benefits including pension, work-related injury benefits, maternity insurance, medical insurance, unemployment benefit and housing fund plans through a PRC government-mandated multi-employer defined contribution plan. The Group is required to accrue and pay the government for these benefits based on certain percentages of the employees’ salaries, up to a maximum amount specified by the local government. The PRC government is responsible for the medical benefits and the pension liability to be paid to these employees, and the Group’s obligations are limited to the amounts contributed with no legal obligation beyond the contributions made. Employee social security and welfare benefits, as part of the personnel costs, included as expenses in the accompanying consolidated statement of operations amounted to RMB 41,719 , RMB 93,296 and RMB 73,672 for the years ended December 31, 2020, 2021 and 2022, respectively.
Share-based compensation	Share-based compensation The Group grants restricted shares to the founders and share options to its management and other key employees (collectively, “Share-based Awards”). Such compensation is accounted for in accordance with ASC 718, Compensation—Stock Compensation. Share-based Awards with service conditions only are measured at the grant date fair value of the awards and recognized as expenses using the straight-line method, net of estimated forfeitures, if any, over the requisite service period. For awards with performance conditions, the Group would recognize compensation cost if and when it concludes that it is probable that the performance condition will be achieved. The fair value of the restricted shares was assessed using the income approach/discounted cash flow method, with a discount for lack of marketability given that the shares underlying the awards were not publicly traded at the time of grant. This assessment requires complex and subjective judgments regarding the Group’s projected financial and operating results, its unique business risks, the liquidity of its ordinary shares and its operating history and prospects at the time the grants were made. The fair value of share options is estimated on the grant date using the Binomial option pricing model. The assumptions used in share-based compensation expense recognition represent management’s best estimates, but these estimates involve inherent uncertainties and application of management judgment. If factors change or different assumptions are used, the share-based compensation expenses could be materially different for any period. Moreover, the estimates of fair value of the awards are not intended to predict actual future events or the value that ultimately will be realized by grantees who receive these awards, and subsequent events are not indicative of the reasonableness of the original estimates of fair value made by the Group for accounting purposes.
Income taxes	Income taxes Current income taxes are provided on the basis of net income for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions. Deferred income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax base of an asset or liability is the amount attributed to that asset or liability for tax purpose. The effect on deferred taxes of a change in tax rates is recognized in consolidated statement of operations in the period of change. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not that some portion of, or all of the deferred tax assets will not be realized. Uncertain tax positions The guidance on accounting for uncertainties in income taxes prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Guidance also applies to the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Significant judgment is required in evaluating the Group's uncertain tax positions and determining its provision for income taxes. The Group recognizes interest and penalties, if any, under accrued expenses and other current liabilities on its balance sheet and under other expenses in its consolidated statement of operations. There were no interest and penalties associated with uncertain tax positions for the years ended December 31, 2020, 2021 and 2022. As of December 31, 2021 and 2022, the Group did not have any significant unrecognized uncertain tax positions.
Comprehensive income	(ac) Comprehensive income (loss) Comprehensive income (loss) is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. During the periods presented, comprehensive income (loss) is reported in the consolidated statements of comprehensive income, and other comprehensive income (loss) includes foreign currency translation adjustments.
Statutory reserves	(ad) Statutory reserves The Company's subsidiaries and the VIEs established in the PRC are required to make appropriations to certain non-distributable reserve funds. In accordance with the laws applicable to the Foreign Investment Enterprises established in the PRC, the Company's subsidiaries registered as wholly-owned foreign enterprises are required to make appropriations from their annual after-tax profits (as determined under generally accepted accounting principles in the PRC ("PRC GAAP")) to reserve funds including a general reserve fund, an enterprise expansion fund and a staff bonus and welfare fund. The appropriation to the general reserve fund must be at least 10% of the annual after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the general reserve fund has reached 50% of the registered capital of the company. Appropriations to the enterprise expansion fund and staff bonus and welfare fund are made at the respective company's discretion. In addition, in accordance with the PRC Company Laws, the consolidated VIEs registered as Chinese domestic companies must make appropriations from annual after-tax profits as determined under the PRC GAAP to non-distributable reserve funds including statutory surplus fund and discretionary surplus fund. The appropriation to the statutory surplus fund must be 10% of the annual after-tax profits as determined under PRC GAAP. Appropriation is not required if the statutory surplus fund has reached 50% of the registered capital of the company. Appropriation to the discretionary surplus fund is made at the discretion of the Company. The uses of the general reserve fund, enterprise expansion fund, statutory surplus fund and discretionary surplus fund are restricted to offsetting of losses or increasing of the registered capital of the respective company. The staff bonus and welfare fund is a liability in nature and is restricted to fund payments of special bonus to employees and for the collective welfare of all employees. None of these reserves is allowed to be transferred to the Company in terms of cash dividends, loans or advances, nor can the reserves be distributed except under liquidation. For the years ended December 31, 2020, 2021 and 2022, the profit appropriation to statutory surplus fund for the Group’s entities incorporated in the PRC was RMB 729 , RMB 1,301 and RMB 2,825 , respectively. No appropriation to other reserve funds was made for any of the periods presented.
Income (loss) per share	(ae) Income (loss) per share Basic income (loss) per share is computed by dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year. Diluted income (loss) per share reflect the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares. Ordinary equivalent shares are not included in the denominator of the diluted income (loss) per share calculation when inclusion of such share would be anti-dilutive.
Related parties	(af) Related parties Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation.
Segment reporting	(ag) Segment reporting Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Group’s CODM is the Chief Executive Officer. 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.
Recent accounting pronouncements	(ah) Recent accounting pronouncements In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments — Credit Losses (Topic 326) — Troubled Debt Restructurings and Vintage Disclosures.” This ASU eliminates the recognition and measurement guidance for troubled debt restructurings (TDRs) and requires enhanced disclosures about loan modifications for borrowers experiencing financial difficulty. This ASU also requires enhanced disclosure for loans that have been charged off. The ASU became effective in January 2023 under a prospective approach. The Group does not expect the adoption to have a material impact on its consolidated financial statements. In March 2022, the SEC staff issued SAB 121 (SAB 121) — “Accounting for obligations to safeguard crypto-assets an entity holds for platform users.” SAB 121 adds interpretive guidance requiring an entity to recognize a liability on its balance sheet to reflect the obligation to safeguard the crypto-assets held for its platform users, along with a corresponding asset. The Group does not expect the adoption to have a material impact on its consolidated financial statements. In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” This ASU clarifies that a contractual restriction on the sale of an equity security should not be considered in measuring its fair value. In addition, the ASU requires specific disclosures related to equity securities that are subject to contractual sale restrictions. The ASU is effective in January 2024 under a prospective approach. Early adoption is permitted. Adoption of this ASU is not expected to have a material impact on the Group’s consolidated financial statements.

Principal Activities and Reor_2

Principal Activities and Reorganization (Tables)	12 Months Ended
	Dec. 31, 2022
Details of Principal Subsidiaries and VIE	As of December 31, 2022, details of the Company's principal subsidiaries and VIE were as follows: Place of Date of Percentage of incorporation incorporation beneficial ownership Principal activities Principal subsidiaries: Guangzhou Yatsen Global Co., Ltd.(“Guangzhou Yatsen”) PRC July 29, 2015 100 % Cosmetics Sales Guangzhou Yatsen Cosmetics Co., Ltd. PRC March 24, 2017 100 % Cosmetics Sales Guangzhou Yiyan Cosmetics Co., Ltd. PRC April 15, 2019 100 % Cosmetics Sales Galenic (Shanghai) E-commerce Co., Ltd. PRC January 28, 2021 90 % Cosmetics Sales Guangzhou DR.WU Cosmetics Co., Ltd. PRC January 5, 2021 90 % Cosmetics Sales SNK (Shanghai) Limited PRC July 31, 2018 90 % Cosmetics Sales VIE: Huizhi Weimei (Guangzhou) Trading Co., Ltd.(“HZ VIE”) PRC February 22, 2019 100 % Cosmetics Sales
Variable Interest Entity Primary Beneficiary
Consolidated Financial Information of Consolidated VIEs	The following consolidated financial information of the consolidated VIEs is included in the accompanying consolidated financial statements as of and for the year ended: As of December 31, 2021 2022 RMB RMB Cash and cash equivalents 27,539 8,924 Accounts receivable 8,109 2,047 Inventories, net 1,006 1,080 Prepayments and other current assets 17,525 9,723 Total current assets 54,179 21,774 Investments 118,862 161,640 Property and equipment, net 11,106 5,745 Intangible assets, net 38 2 Right-of-use assets, net 143 74 Total non-current assets 130,149 167,461 Total assets 184,328 189,235 Accounts payable 11,765 8,813 Advances from customers 14,262 5,892 Accrued expenses and other liabilities 18,727 16,624 Income tax payables 1,005 929 Lease liabilities due within one year 74 78 Amounts due to non-VIE subsidiaries 193,917 195,389 Total current liabilities 239,750 227,725 Lease liabilities 78 - Total liabilities 239,828 227,725 Year ended December 31, 2020 2021 2022 RMB RMB RMB Net revenues 907,735 521,835 323,246 Net income (loss) ( 176,187 ) ( 27,886 ) 16,624 Net cash provided by operating activities 47,830 17,178 17,306 Net cash used in investing activities ( 17,102 ) ( 121,236 ) ( 30,277 ) Net cash provided by (used in) financing activities ( 2,603 ) 100,450 ( 5,644 ) Net increase (decrease) in cash and cash equivalents 28,125 ( 3,608 ) ( 18,615 )

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Estimated Useful Lives of Property and equipment	Property and equipment is carried at cost less accumulated depreciation and impairment, if any. Depreciation is calculated on a straight-line basis over the following estimated useful lives. Category Estimated useful lives Machinery 3 - 10 years Electronic equipment 3 years Office furniture and equipment 3 - 5 years Vehicles 4 years Leasehold improvements Shorter of the term of the lease or the estimated useful lives of the assets Property and equipment, net consisted of the following: As of December 31, 2021 2022 RMB RMB Leasehold improvements 353,322 152,993 Electronic equipment 50,290 38,886 Machinery 22,103 10,911 Office furniture and equipment 10,719 9,037 Vehicles 4,317 4,412 Construction in progress 60 1,792 Total 440,811 218,031 Less: accumulated depreciation ( 183,145 ) ( 138,891 ) Less: impairment charges ( 12,352 ) ( 3,521 ) Property and equipment, net 245,314 75,619
Estimated Useful Lives of Intangible Assets	The estimated useful lives of intangible assets are as follows: Category Estimated useful lives Trademarks 9 - 20 years Software 5 - 10 years Customer Relationship 10 years Techniques 10 years Non-compete 5 years

Cash and Cash Equivalents and_2

Cash and Cash Equivalents and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions, and all highly liquid investments with original maturities of three months or less. Cash and cash equivalents and restricted cash balances as of December 31, 2021 and 2022 primarily consist of the following currencies: As of December 31, 2021 2022 Amount RMB Amount RMB Cash and cash equivalents RMB 627,058 627,058 470,428 470,428 US$ 383,680 2,446,199 143,342 996,826 GBP 5,337 45,931 3,365 28,246 EUR 1,509 10,895 1,271 9,435 HKD 7,879 6,450 4,999 4,465 JPY 17,793 999 15,327 803 SGD 99 476 529 2,742 Total cash and cash equivalents 3,138,008 1,512,945 Restricted cash US$ - - 6,000 41,383 Total cash, cash equivalents and restricted cash 3,138,008 1,554,328

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Accounts Receivable	As of December 31, 2021 2022 RMB RMB Accounts receivable, net 355,837 200,843

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: As of December 31, 2021 2022 RMB RMB Raw materials and packing materials 43,922 29,369 Products 759,832 498,832 Less: impairment allowance ( 107,993 ) ( 104,914 ) Inventories 695,761 423,287

Prepayments and other current_2

Prepayments and other current assets (Tables)	12 Months Ended
	Dec. 31, 2022
Other Assets, Unclassified [Abstract]
Summary of Prepayments and Other Current Assets	7. PREPAYMENTS AND OTHER CURRENT ASSETS As of December 31, 2021 2022 RMB RMB Prepayments of promotion fees (a) 130,058 103,748 VAT recoverable (b) 95,899 75,049 Deposits, prepaid rental and property management fees 62,877 61,858 Prepayments for products procurement (c) 6,731 5,604 Others 70,626 46,566 366,191 292,825 (a) Prepayments of promotion fees mainly include prepayments made to online platforms for future services to promote the Group’s products through online advertising and prepaid short-term service fees to celebrity agencies and key opinion leaders. (b) VAT recoverable represent the balances that the Group can utilize to deduct its value-added tax liabilities in the future. (c) Prepayments for products procurement represent cash prepaid to the Group’s third-party suppliers for the procurement of products.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Forth the Group's Investments	The following sets forth the Group's investments: As of December 31, 2021 2022 RMB RMB Equity method investments (a) 286,513 436,536 Equity investments without readily determinable fair values (b) 65,226 72,592 Total 351,739 509,128 Less: impairment on investments ( 1,359 ) ( 6,549 ) Investment, net 350,380 502,579 (a) As at December 31, 2022 and 2021, the balances represented the Group’s investments made in six and five private entities respectively. (b) As at December 31, 2022 and 2021, the balances represented the Group’s investments made in three private entities.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Estimated Useful Lives of Property and equipment	Property and equipment is carried at cost less accumulated depreciation and impairment, if any. Depreciation is calculated on a straight-line basis over the following estimated useful lives. Category Estimated useful lives Machinery 3 - 10 years Electronic equipment 3 years Office furniture and equipment 3 - 5 years Vehicles 4 years Leasehold improvements Shorter of the term of the lease or the estimated useful lives of the assets Property and equipment, net consisted of the following: As of December 31, 2021 2022 RMB RMB Leasehold improvements 353,322 152,993 Electronic equipment 50,290 38,886 Machinery 22,103 10,911 Office furniture and equipment 10,719 9,037 Vehicles 4,317 4,412 Construction in progress 60 1,792 Total 440,811 218,031 Less: accumulated depreciation ( 183,145 ) ( 138,891 ) Less: impairment charges ( 12,352 ) ( 3,521 ) Property and equipment, net 245,314 75,619

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill by segment for the years ended December 31, 2020, 2021 and 2022 are as follows: Color Cosmetics Brands Skincare Brands Total RMB Balance as of December 31, 2020 20,596 - 20,596 Increase in goodwill related to acquisition - 880,314 880,314 Foreign currency translation adjustments - ( 31,489 ) ( 31,489 ) Balance as of December 31, 2021 20,596 848,825 869,421 Increase in goodwill related to acquisition 5,266 - 5,266 Foreign currency translation adjustments - ( 17,542 ) ( 17,542 ) Balance as of December 31, 2022 25,862 831,283 857,145

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets Net	As of December 31, 2021 2022 RMB RMB Cost: Trademark 625,715 618,893 Software 32,942 40,301 Customer relationship 90,479 88,138 Technique 43,085 41,971 Non-compete 6,900 6,900 Total cost 799,121 796,203 Less: accumulated amortization ( 53,270 ) ( 106,534 ) Intangible assets, net 745,851 689,669
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of December 31, 2022, estimated amortization expenses for future periods are expected to be as follows: Year ended RMB 2023 53,717 2024 53,205 2025 52,812 2026 51,195 2027 and thereafter 478,740 Total expected amortization expense 689,669

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of Other Non-Current Assets	As of December 31, 2021 2022 RMB RMB Long-term rental deposits 42,863 15,356 Prepaid service fees 14,250 16,119 Loans to employees 11,800 18,100 Prepaid consideration for an acquisition 5,040 - Prepaid long-term celebrity endorsement fees 1,804 2,476 Others 4,463 834 80,220 52,885

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Liabilities	As of December 31, 2021 2022 RMB RMB Accrued payroll related expenses 114,496 108,868 Accrued advertising and marketing expenses 79,662 93,034 Accrued storage and transportation fees 38,269 31,264 Accrued leasehold improvement costs 33,370 12,621 Other taxes payable 22,886 17,863 Payable related to repurchase of ordinary shares 7,166 - Refund obligation of sales return 4,530 3,739 Others 70,152 55,870 370,531 323,259

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Summary of Supplemental Information Related to Operating Leases	A summary of supplemental information related to operating leases is as follows: As of December 31, 2021 2022 RMB RMB Operating lease ROU assets 422,966 133,004 Operating lease liabilities-non-current 206,303 52,997 Operating lease liabilities-current 214,843 79,586 Total operating lease liabilities 421,146 132,583 Weighted average remaining lease term 1.94 years 2.39 years Weighted average discount rate 5.06 % 4.31 %
Summary of Lease Cost Recognized and Supplemental Cashflow Information Related to Operating Lease	A summary of lease cost recognized in the Group’s consolidated statements of operations and supplemental cashflow information related to operating leases is as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Operating lease cost 179,515 268,321 164,483 Short-term lease cost 4,249 420 275 Variable cost 6,396 9,166 973 Cash paid for operating leases 168,943 265,997 180,561 Right-of-use assets obtained in exchange for operating lease liabilities 448,148 269,601 76,040
Summary of Maturity of Operating Lease Liabilities under Non-Cancelable Operating Leases	A summary of maturity of operating lease liabilities under the Group’s non-cancellable operating leases as of December 31, 2022 is as follows: As of 2022 RMB 2023 83,596 2024 31,318 2025 9,770 2026 8,654 2027 6,090 2028 and thereafter 1,007 Total lease payment 140,435 Less: interest ( 7,852 ) Present value of operating lease liability 132,583

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Summary of Revenue By Channel for Respective Periods	The Group’s revenue by channel for the respective periods are detailed as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Sales of product by channel —Sales to end customers 4,548,804 4,878,453 3,145,807 —Sales to distributor customers 678,873 941,322 546,543 —Others 5,493 20,198 13,772 Total revenues 5,233,170 5,839,973 3,706,122 Please refer to Note 25 for the disclosure of the Group's revenues by product categories for the years ended December 31, 2020, 2021 and 2022.

Income Tax Expenses (Tables)

Income Tax Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Summary of Components of Current and Deferred Income Taxes	The current and deferred components of income taxes appearing in the consolidated statements of operations are as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Income (loss) before income tax expense ( 2,681,445 ) ( 1,547,959 ) ( 818,628 ) Current tax expense 3,519 4,507 11,065 Deferred tax expense (benefits) 3,451 ( 5,428 ) ( 8,360 ) Total income tax expense (benefits) 6,970 ( 921 ) 2,705
Schedule of Effective Income Tax Rate Reconciliation	The income tax expense for each of the years ended December 31, 2020, 2021 and 2022 differs from the amount computed by applying the PRC statutory income tax rate of 25 % to income before income tax expense due to the following: Year ended December 31, 2020 2021 2022 PRC statutory income tax rate 25 % 25 % 25 % Permanent differences - 17 % - 9 % - 12 % Tax effect of different tax rate of different jurisdictions 0 % 0 % 0 % Tax effect of Super Deduction and others 0 % 1 % 1 % Changes in valuation allowance - 8 % - 17 % - 14 % Effective tax rates 0 % 0 % 0 %
Schedule of Deferred Tax Assets and Liabilities	The significant components of the Group's deferred tax assets were as follows: As of December 31, 2021 2022 RMB RMB Net operating loss carry forwards 470,227 578,992 Inventory valuation allowance 27,048 26,187 Accrued expenses and others 19,225 29,150 Total deferred tax assets 516,500 634,329 Less: valuation allowance ( 514,500 ) ( 632,378 ) Deferred tax assets, net 2,000 1,951 The Group's deferred tax liability was as follows: As of December 31, 2021 2022 RMB RMB Related to acquired intangible assets 124,450 113,441
Movement of Valuation Allowance	Movement of valuation allowance Year ended December 31, 2021 2022 RMB RMB Balance at beginning of the year 237,965 514,500 Additions 276,535 117,878 Balance at end of the year 514,500 632,378

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation Expenses	Share-based compensation expenses recognized during the years presented are as follows: Year ended December 31, 2020 2021 2022 RMB RMB RMB Share-based compensation expenses - Share-based compensation of founders' restricted shares (a) 1,030,178 - - - Related to repurchase of founders’ ordinary shares (b) 146,294 - - - Related to the issuances of preferred shares to investors (c) 303,627 - - - Related to redesignation of founder’s ordinary shares to preferred shares 1,852 - - - Related to accelerated vesting of share options (d) 138,729 66,429 ( 64,660 ) - Related to modification of exercise price of share options on modification day (e) - - 12,793 - Related to vesting of share options (f) 279,908 464,011 392,727 Total 1,900,588 530,440 340,860
Movement in Number of Share Options Granted and Related Weighted Average Exercise Prices	Movements in the number of share options granted and their related weighted average exercise prices are as follows: Number of Weighted Weighted Aggregate As of January 1, 2020 68,589,097 0.0073 4.58 Granted 136,230,857 0.2960 Cancelled ( 1,849,265 ) 0.0006 Forfeited ( 1,544,428 ) 0.2062 Accelerated vesting and exercised ( 15,518,385 ) - As of December 31, 2020 185,907,876 0.2179 13.73 749,602 Granted 55,388,338 0.8790 Forfeited ( 4,570,510 ) 0.8782 Exercised ( 7,686,832 ) 0.0392 As of December 31, 2021 229,038,872 0.3706 12.98 38,230 Granted 85,357,994 0.0250 Forfeited ( 27,297,153 ) 0.0250 As of December 31, 2022 287,099,713 0.0448 11.99 91,942 Exercisable as of December 31, 2022 123,287,676 39,958
Schedule of Key Assumptions Used to Determine Fair Value of Share Options	The Company has used binomial option-pricing model to determine the fair value of the share options as of the grant dates. Key assumptions are set as below: 18. SHARE-BASED COMPENSATION (Continued) (f) Vesting of share options (Continued) Year ended December 31, 2020 2021 2022 RMB RMB RMB Weighted average fair value per option granted 7.3798 1.3882 0.2562 Weighted average exercise price 2.0418 5.6699 0.1659 Risk-free interest rate (1) 0.48 %~ 1.01 % 1.45 %- 1.97 % 1.56 %- 4.04 % Expected term (in year) (2) 10 ~ 16 14 14 Expected volatility (3) 50.9 %~ 55.9 % 54.69 %- 57.00 % 53.62 %- 68.75 % Dividend yield (4) 0 % 0 % 0 % (1) The risk-free interest rates of periods within the contractual life of the share option are based on the daily treasury long-term rate of U.S. Department of the Treasury as of the valuation dates. (2) The expected term is the contract life of the option. (3) Expected volatility is estimated based on the average of historical volatilities of the comparable companies in the same industry as at the valuation dates. (4) The Company has no history or expectation of paying dividend on its ordinary shares. The expected dividend yield was estimated based on the Company’s expected dividend policy over the expected term of the option.
Schedule of Share-Based Compensation Expenses included in Statement of Operations	For the years ended December 31, 2020, 2021 and 2022, share-based compensation expenses have been included in the following accounts in the consolidated statement of operations: Year ended December 31, 2020 2021 2022 RMB RMB RMB Fulfilment expenses 2,947 13,122 4,267 Selling and marketing expenses 54,332 80,558 62,231 General and administrative expenses 1,841,409 418,823 248,400 Research and development expenses 1,900 17,937 25,962

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Summary of Basic and Diluted Net Loss per share	Basic and diluted net loss per share for the years ended December 31, 2020, 2021 and 2022 are calculated as follow: Year ended December 31, 2020 2021 2022 RMB RMB RMB Numerator: Net loss attributable to the Yatsen Holding Limited’s shareholders ( 2,687,807 ) ( 1,540,734 ) ( 815,371 ) Accretion to preferred shares redemption value ( 242,209 ) - - Deemed dividend due to modification of preferred shares ( 1,054,220 ) - - Net loss attributable to ordinary shareholders of Yatsen Holding Limited ( 3,984,236 ) ( 1,540,734 ) ( 815,371 ) Denominator: Denominator for basic and diluted calculation—weighted average number of ordinary shares outstanding 833,714,126 2,526,833,201 2,372,728,777 Net loss per ordinary share —Basic ( 4.78 ) ( 0.61 ) ( 0.34 ) —Diluted ( 4.78 ) ( 0.61 ) ( 0.34 ) For the years ended December 31, 2020, 2021 and 2022, the following shares outstanding were excluded from the calculation of diluted net loss per ordinary share, as their inclusion would have been anti-dilutive for the years prescribed. Year ended December 31, 2020 2021 2022 Shares issuable upon conversion of preferred shares 959,555,911 - - Shares issuable upon exercise of share options 113,142,382 209,409,699 280,482,617 Restricted shares become outstanding upon vesting 256,752,927 - -

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Major Transactions and Balances Amount with Related Parties	Major transactions and balances amount with related parties were as follows: Transactions with related parties Year ended December 31, 2020 2021 2022 RMB RMB RMB Purchases of storage and transportation service from an affiliated company 15,183 13,843 - Purchases of inventories and services from an affiliated company - 24,472 137,476 Sales of inventories to a company controlled by the Chief Executive Officer of the Group - - 11,384 Balance amounts with related parties As of December 31, 2021 2022 RMB RMB Amounts due from a company controlled by the Chief Executive Officer of the Group - 5,594 Amounts due from affiliated companies 60 60 60 5,654 Amounts due to an affiliated company 13,967 27,242

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Summary of Reportable Segment	The table below provides a summary of the Group’s reportable segment results for the years ended December 31, 2020, 2021 and 2022: Year ended December 31, 2020 2021 2022 RMB RMB RMB Net revenues Color Cosmetics Brands 4,919,317 4,869,279 2,415,500 Skincare Brands 200,819 855,241 1,241,528 Others 113,034 115,453 49,094 Total net revenues 5,233,170 5,839,973 3,706,122 Loss from operations Color Cosmetics Brands ( 695,684 ) ( 823,296 ) ( 476,998 ) Skincare Brands ( 76,111 ) ( 220,854 ) ( 63,095 ) Others ( 7,659 ) ( 8,081 ) 755 Unallocated expenses (a) ( 1,903,217 ) ( 572,013 ) ( 389,560 ) Total loss from operations ( 2,682,671 ) ( 1,624,244 ) ( 928,898 ) Reconciliation Financial income 14,313 45,658 34,656 Foreign currency exchange losses ( 2,774 ) ( 1,751 ) ( 35,357 ) Income from equity method investments, net ( 293 ) 5,978 12,548 Impairment loss of investments - ( 1,375 ) ( 5,078 ) Other (expenses) income, net ( 10,020 ) 27,775 103,501 Loss before income tax expenses ( 2,681,445 ) ( 1,547,959 ) ( 818,628 ) (a) Unallocated expenses represent share-based compensation and amortization of intangible assets resulting from assets and business acquisitions, which are not allocated to segments. No asset information is provided for reportable segments as no such information provides to the CODM to evaluate the segment performance and most assets are managed at the group level. Substantially all revenues and long-lived assets of Group are derived from and located in the PRC.

Principal Activities and Reor_3

Principal Activities and Reorganization - Additional Information (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jul. 17, 2020
Principal Activities And Reorganization [Line Items]
Date of incorporation	Sep. 12, 2016
Aoyan
Principal Activities And Reorganization [Line Items]
Percentage of equity interest acquired				100%
Variable Interest Entity Primary Beneficiary
Principal Activities And Reorganization [Line Items]
Inter-company revenues	¥ 0	¥ 0	¥ 11,665,000
Proceeds from advances from consolidated entities	0	129,664,000	303,913,000
Repayment of advances to consolidated entities	0	36,664,000	¥ 303,913,000
Amount due to related party debt	¥ 93,000,000	¥ 93,000,000
Technology Consulting and Service Agreement
Principal Activities And Reorganization [Line Items]
Term of agreement termination notice period	30 days
Effective Period of Agreement	10 years

Principal Activities and Reor_4

Principal Activities and Reorganization - Details of Principal Subsidiaries and VIE (Details)	12 Months Ended
	Dec. 31, 2022
Principal Activities And Reorganization [Line Items]
Date of incorporation	Sep. 12, 2016
Guangzhou Yatsen | PRC
Principal Activities And Reorganization [Line Items]
Date of incorporation	Jul. 29, 2015
Principal subsidiaries, Percentage of beneficial ownership	100%
Principal subsidiaries, Principal activities	Cosmetics Sales
Guangzhou Yatsen Cosmetics Co., Ltd. | PRC
Principal Activities And Reorganization [Line Items]
Date of incorporation	Mar. 24, 2017
Principal subsidiaries, Percentage of beneficial ownership	100%
Principal subsidiaries, Principal activities	Cosmetics Sales
Guangzhou Yiyan Cosmetics Co., Ltd. | PRC
Principal Activities And Reorganization [Line Items]
Date of incorporation	Apr. 15, 2019
Principal subsidiaries, Percentage of beneficial ownership	100%
Principal subsidiaries, Principal activities	Cosmetics Sales
Galenic (Shanghai) E-commerce Co., Ltd. | PRC
Principal Activities And Reorganization [Line Items]
Date of incorporation	Jan. 28, 2021
Principal subsidiaries, Percentage of beneficial ownership	90%
Principal subsidiaries, Principal activities	Cosmetics Sales
Guangzhou DR.WU Cosmetics Co., Ltd. | PRC
Principal Activities And Reorganization [Line Items]
Date of incorporation	Jan. 05, 2021
Principal subsidiaries, Percentage of beneficial ownership	90%
Principal subsidiaries, Principal activities	Cosmetics Sales
SNK (Shanghai) Limited | PRC
Principal Activities And Reorganization [Line Items]
Date of incorporation	Jul. 31, 2018
Principal subsidiaries, Percentage of beneficial ownership	90%
Principal subsidiaries, Principal activities	Cosmetics Sales
Huizhi weimei (Guangzhou) Trading Co., Ltd.(“HZ VIE”) | PRC
Principal Activities And Reorganization [Line Items]
Date of incorporation	Feb. 22, 2019
Principal subsidiaries, Percentage of beneficial ownership	100%
Principal subsidiaries, Principal activities	Cosmetics Sales

Principal Activities and Reor_5

Principal Activities and Reorganization - Consolidated Financial Information of Consolidated VIEs (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)
Variable Interest Entity [Line Items]
Cash and cash equivalents	¥ 1,512,945		¥ 3,138,008		$ 219,356
Accounts receivable, net	200,843		355,837		29,119
Inventories, net	423,287		695,761		61,371
Prepayments and other current assets	292,825		366,191		42,456
Total current assets	3,508,421		4,555,857		508,673
Investments	502,579		350,380		72,867
Property and equipment, net	75,619		245,314		10,964
Intangible assets, net	689,669		745,851
Right-of-use assets, net	133,004		422,966		19,284
Total non-current assets	2,354,235		2,716,152		341,333
Total assets	5,862,656		7,272,009		850,006
Accounts payable	119,847		240,815		17,376
Advances from customers	16,652		20,680		2,414
Accrued expenses and other liabilities	323,259		370,531
Income tax payables	21,826		16,747		3,164
Lease liabilities due within one year	79,586		214,843		11,539
Total current liabilities	588,412		877,583		85,311
Lease liabilities	52,997		206,303		7,684
Total liabilities	800,130		1,264,516		$ 116,007
Net income (loss)	(821,333)	$ (119,081)	(1,547,038)	¥ (2,688,415)
Net cash provided by operating activities	136,208	19,749	(1,020,441)	(983,368)
Net cash used in investing activities	(1,155,416)	(167,519)	(1,484,257)	(508,832)
Net cash provided by (used in) financing activities	(654,450)	(94,886)	(1,706)	6,680,869
Net increase (decrease) in cash and cash equivalents	(1,583,680)	$ (229,612)	(2,595,384)	5,056,813
Variable Interest Entity Primary Beneficiary
Variable Interest Entity [Line Items]
Cash and cash equivalents	8,924		27,539
Accounts receivable, net	2,047		8,109
Inventories, net	1,080		1,006
Prepayments and other current assets	9,723		17,525
Total current assets	21,774		54,179
Investments	161,640		118,862
Property and equipment, net	5,745		11,106
Intangible assets, net	2		38
Right-of-use assets, net	74		143
Total non-current assets	167,461		130,149
Total assets	189,235		184,328
Accounts payable	8,813		11,765
Advances from customers	5,892		14,262
Accrued expenses and other liabilities	16,624		18,727
Income tax payables	929		1,005
Lease liabilities due within one year	78		74
Amounts due to non-VIE subsidiaries	195,389		193,917
Total current liabilities	227,725		239,750
Lease liabilities			78
Total liabilities	227,725		239,828
Net revenues	323,246		521,835	907,735
Net income (loss)	16,624		(27,886)	(176,187)
Net cash provided by operating activities	17,306		17,178	47,830
Net cash used in investing activities	(30,277)		(121,236)	(17,102)
Net cash provided by (used in) financing activities	(5,644)		100,450	(2,603)
Net increase (decrease) in cash and cash equivalents	¥ (18,615)		¥ (3,608)	¥ 28,125

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) Agreement Segment	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)
Significant Accounting Policies [Line Items]
Noon buying rate	6.8972			6.8972
Restricted cash	¥ 41,383,000
Goodwill impairment provision	¥ 0	¥ 0	¥ 0
Number of agreements | Agreement	2
Contract liability	¥ 3,814,000	11,722,000
Contract asset	0	0
Advances from customers	16,652,000	20,680,000		$ 2,414
Revenue recognized from performance obligations satisfied	0	0	0
Advertising and marketing promotion expenses	1,064,621,000	2,369,769,000	2,215,074,000
Employee social security and welfare benefits	73,672,000	93,296,000	41,719,000
Interest and penalties associated with uncertain tax positions	¥ 0	0	0
Number of major segments | Segment	3
Statutory Surplus Fund
Significant Accounting Policies [Line Items]
Profit appropriation to statutory surplus fund	¥ 2,825,000	1,301,000	729,000
Other Reserve Funds
Significant Accounting Policies [Line Items]
Profit appropriation to statutory surplus fund	¥ 0	¥ 0	¥ 0
ASU 2016-02
Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, early adoption [true false]	true			true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2018			Jan. 01, 2018
Subsidiary
Significant Accounting Policies [Line Items]
Ordinary shares, voting rights	more than one half

Significant Accounting Polici_5

Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Machinery | Minimum
Property Plant And Equipment [Line Items]
Property and equipment, Estimated useful lives	3 years
Machinery | Maximum
Property Plant And Equipment [Line Items]
Property and equipment, Estimated useful lives	10 years
Electronic Equipment
Property Plant And Equipment [Line Items]
Property and equipment, Estimated useful lives	3 years
Office Furniture and Equipment | Minimum
Property Plant And Equipment [Line Items]
Property and equipment, Estimated useful lives	3 years
Office Furniture and Equipment | Maximum
Property Plant And Equipment [Line Items]
Property and equipment, Estimated useful lives	5 years
Vehicles
Property Plant And Equipment [Line Items]
Property and equipment, Estimated useful lives	4 years
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, Estimated useful lives	Shorter of the term of the lease or the estimated useful lives of the assets

Significant Accounting Polici_6

Significant Accounting Policies - Estimated Useful Lives of Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2022
Trademarks | Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets. Estimated useful lives	9 years
Trademarks | Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets. Estimated useful lives	20 years
Software | Minimum
Finite Lived Intangible Assets [Line Items]
Intangible assets. Estimated useful lives	5 years
Software | Maximum
Finite Lived Intangible Assets [Line Items]
Intangible assets. Estimated useful lives	10 years
Customer Relationship
Finite Lived Intangible Assets [Line Items]
Intangible assets. Estimated useful lives	10 years
Techniques
Finite Lived Intangible Assets [Line Items]
Intangible assets. Estimated useful lives	10 years
Non-complete
Finite Lived Intangible Assets [Line Items]
Intangible assets. Estimated useful lives	5 years

Concentration and Risks - Addit

Concentration and Risks - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 Supplier Customer	Dec. 31, 2021 Customer Supplier	Dec. 31, 2020 Supplier Customer
Customer Concentration Risk | Platform Distributor Customers
Concentration Risk [Line Items]
Number of customers accounted for more than 10% of accounts receivable | Customer	1	2
Supplier Concentration Risk | Parent Company
Concentration Risk [Line Items]
Number of suppliers accounted for more than 10% of accounts payable		2
Number of suppliers accounted for more than 9% of accounts payable	2		3
Supplier Concentration Risk | Top Two Customers
Concentration Risk [Line Items]
Number of suppliers accounted for more than 10% of accounts payable	2	2
Supplier Concentration Risk | Top Three Customers
Concentration Risk [Line Items]
Number of suppliers accounted for more than 10% of accounts payable			3
Net Revenue | Customer Concentration Risk
Concentration Risk [Line Items]
Number of customers accounted for more than 10% of net revenue | Customer	0	0	0
Accounts Receivable | Customer Concentration Risk | Platform Distributor Customers
Concentration Risk [Line Items]
Concentration risk, percentage	21%	56%
Accounts Payable | Supplier Concentration Risk | Parent Company
Concentration Risk [Line Items]
Concentration risk, percentage	28%	35%	52%
Accounts Payable | Supplier Concentration Risk | Top Two Customers
Concentration Risk [Line Items]
Concentration risk, percentage	27%	31%
Accounts Payable | Supplier Concentration Risk | Top Three Customers
Concentration Risk [Line Items]
Concentration risk, percentage			55%

Cash and Cash Equivalents and_3

Cash and Cash Equivalents and Restricted Cash - Summary of Cash and Cash Equivalents Balance (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	¥ 1,512,945	$ 219,356	¥ 3,138,008
Total cash, cash equivalents and restricted cash	1,554,328		3,138,008
CHINA
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	470,428	470,428	627,058	$ 627,058
Restricted cash	41,383
UNITED STATES
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	996,826	143,342	2,446,199	383,680
Restricted cash | $		6,000
GBP
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	28,246	3,365	45,931	5,337
EUR
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	9,435	1,271	10,895	1,509
HKD
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	4,465	4,999	6,450	7,879
JPY
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	803	15,327	999	17,793
SGD
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	¥ 2,742	$ 529	¥ 476	$ 99

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Account Receivable (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Receivables [Abstract]
Accounts receivable, net	¥ 200,843	$ 29,119	¥ 355,837

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Inventory Disclosure [Abstract]
Raw materials and packing materials	¥ 29,369		¥ 43,922
Products	498,832		759,832
Less: impairment allowance	(104,914)		(107,993)
Inventories	¥ 423,287	$ 61,371	¥ 695,761

Prepayments And Other Current_3

Prepayments And Other Current Assets - Summary of Prepayments and Other Current Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Other Assets, Unclassified [Abstract]
Prepayments of promotion fees (a)	¥ 103,748		¥ 130,058
VAT recoverable (b)	75,049		95,899
Deposits, prepaid rental and property management fees	61,858		62,877
Prepayments for products procurement (c)	5,604		6,731
Others	46,566		70,626
Prepayments and other current assets	¥ 292,825	$ 42,456	¥ 366,191

Investments - Summary of Forth

Investments - Summary of Forth the Group's Investments (Details) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	¥ 436,536	¥ 286,513
Equity investments without readily determinable fair values	72,592	65,226
Total	509,128	351,739
Less: impairment on investments	(6,549)	(1,359)
Investment, net	¥ 502,579	¥ 350,380

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment Net (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Property Plant And Equipment [Line Items]
Property and equipment, gross	¥ 218,031		¥ 440,811
Less: accumulated depreciation	(138,891)		(183,145)
Less: impairment charges	(3,521)		(12,352)
Property and equipment, net	75,619	$ 10,964	245,314
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	152,993		353,322
Electronic Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	38,886		50,290
Machinery
Property Plant And Equipment [Line Items]
Property and equipment, gross	10,911		22,103
Office Furniture and Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	9,037		10,719
Vehicles
Property Plant And Equipment [Line Items]
Property and equipment, gross	4,412		4,317
Construction in Progress
Property Plant And Equipment [Line Items]
Property and equipment, gross	¥ 1,792		¥ 60

Property and Equipment Net - Ad

Property and Equipment Net - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Property, Plant and Equipment [Abstract]
Depreciation of property and equipment	¥ 114,047,000	$ 16,535	¥ 130,666,000	¥ 74,551,000
Loss on disposal of property and equipment and impairment loss	72,629,000		12,352,000	¥ 0
Accumulated impairment loss	¥ 3,521,000		¥ 12,352,000

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Goodwill [Line Items]
Balance	¥ 869,421		¥ 20,596
Increase in goodwill related to acquisition (note xx)	5,266		880,314
Foreign currency translation adjustments	(17,542)		(31,489)
Balance	857,145	$ 124,274	869,421
Color Cosmetics Brands
Goodwill [Line Items]
Balance	20,596		20,596
Increase in goodwill related to acquisition (note xx)	5,266
Balance	25,862		20,596
Skincare Brands [Member]
Goodwill [Line Items]
Balance	848,825
Increase in goodwill related to acquisition (note xx)			880,314
Foreign currency translation adjustments	(17,542)		(31,489)
Balance	¥ 831,283		¥ 848,825

Goodwill - Additional Informati

Goodwill - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)
Goodwill [Line Items]
Goodwill impairment provision	¥ 0	¥ 0	¥ 0
Goodwill	857,145,000	¥ 869,421,000	¥ 20,596,000	$ 124,274
Acquisition of Eve Lom
Goodwill [Line Items]
Goodwill	¥ 694,000,000

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Intangible Assets (Details) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite Lived Intangible Assets [Line Items]
Total cost	¥ 796,203	¥ 799,121
Less: accumulated amortization	(106,534)	(53,270)
Intangible assets, net	689,669	745,851
Trademark
Finite Lived Intangible Assets [Line Items]
Total cost	618,893	625,715
Software
Finite Lived Intangible Assets [Line Items]
Total cost	40,301	32,942
Customer Relationship
Finite Lived Intangible Assets [Line Items]
Total cost	88,138	90,479
Technique
Finite Lived Intangible Assets [Line Items]
Total cost	41,971	43,085
Non-complete
Finite Lived Intangible Assets [Line Items]
Total cost	¥ 6,900	¥ 6,900

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets acquired	¥ 0		¥ 622,151,000	¥ 0
Impairment of intangible assets	0		0	0
Amortization of intangible assets	¥ 56,848,000	$ 8,242	¥ 50,705,000	¥ 3,476,000
Remaining weighted average amortization periods of intangible assets	14 years 7 months 6 days	14 years 7 months 6 days	16 years 3 months 18 days

Intangible Assets,Net - Summary

Intangible Assets,Net - Summary of Estimated Amortization Expenses (Details) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2023	¥ 53,717
2024	53,205
2025	52,812
2026	51,195
2027 and thereafter	478,740
Intangible assets, net	¥ 689,669	¥ 745,851

Other Non-Current Assets - Sche

Other Non-Current Assets - Schedule of Other Non-Current Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Long-term rental deposits	¥ 15,356		¥ 42,863
Prepaid service fees	16,119		14,250
Loans to employees	18,100		11,800
Prepaid consideration for an acquisition			5,040
Prepaid long-term celebrity endorsement fees	2,476		1,804
Others	834		4,463
Other assets, noncurrent	¥ 52,885	$ 7,668	¥ 80,220

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued payroll related expenses	¥ 108,868	¥ 114,496
Accrued advertising and marketing expenses	93,034	79,662
Accrued storage and transportation fees	31,264	38,269
Accrued leasehold improvement costs	12,621	33,370
Other taxes payable	17,863	22,886
Payable related to repurchase of ordinary shares		7,166
Refund obligation of sales return	3,739	4,530
Others	55,870	70,152
Accrued expenses and other liabilities	¥ 323,259	¥ 370,531

Leases - Summary of Supplementa

Leases - Summary of Supplemental Information Related To Operating Leases (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Leases [Abstract]
Operating lease ROU assets	¥ 133,004	$ 19,284	¥ 422,966
Operating lease liabilities-non-current	52,997	7,684	206,303
Operating lease liabilities-current	79,586	$ 11,539	214,843
Total operating lease liabilities	¥ 132,583		¥ 421,146
Weighted average remaining lease term	2 years 4 months 20 days	2 years 4 months 20 days	1 year 11 months 8 days
Weighted average discount rate	4.31%	4.31%	5.06%

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost Recognized and Supplemental Cashflow Information Related to Operating Lease (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	¥ 164,483	¥ 268,321	¥ 179,515
Short-term lease cost	275	420	4,249
Variable cost	973	9,166	6,396
Cash paid for operating leases	180,561	265,997	168,943
Right-of-use assets obtained in exchange for operating lease liabilities	¥ 76,040	¥ 269,601	¥ 448,148

Leases - Summary of Maturity of

Leases - Summary of Maturity of Operating Lease Liabilities under Non-Cancelable Operating Leases (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	¥ 83,596
2024	31,318
2025	9,770
2026	8,654
2027	6,090
2028 and thereafter	1,007
Total lease payment	140,435
Less: interest	(7,852)
Present value of operating lease liability	¥ 132,583	¥ 421,146

Revenues - Summary of Revenue B

Revenues - Summary of Revenue By Channel for Respective Periods (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Disaggregation Of Revenue [Line Items]
Total net revenues	¥ 3,706,122	$ 537,337	¥ 5,839,973	¥ 5,233,170
Sales to End Customers
Disaggregation Of Revenue [Line Items]
Total net revenues	3,145,807		4,878,453	4,548,804
Sales to Distributor Customers
Disaggregation Of Revenue [Line Items]
Total net revenues	546,543		941,322	678,873
Others Channels
Disaggregation Of Revenue [Line Items]
Total net revenues	¥ 13,772		¥ 20,198	¥ 5,493

Income Tax Expenses - Additiona

Income Tax Expenses - Additional Information (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Line Items]
Tax rate on taxable income	16.50%
Uniform income tax rate	25%	25%	25%
Withholding tax percentage on dividend distributed by foreign investment enterprises	10%
Undistributed earnings and reserves available for distribution	¥ 65,976,000	¥ 54,822,000
Unrecognized uncertain tax positions	¥ 0	¥ 0
Hong Kong Tax Rate for Profits at 2 Million
Income Tax Disclosure [Line Items]
Tax rate on taxable income	8.25%
Hong Kong Tax Rate for Profits over 2 Million
Income Tax Disclosure [Line Items]
Tax rate on taxable income	16.50%
EIT Law | Maximum
Income Tax Disclosure [Line Items]
Percentage of additional tax deduction for research and development activities	100%
EIT Law | Minimum
Income Tax Disclosure [Line Items]
Percentage of additional tax deduction for research and development activities	75%
China and Hong Kong Special Administrative Region
Income Tax Disclosure [Line Items]
Minimum required investment percentage to consider 5% withholding tax rate	25%
China and Hong Kong Special Administrative Region | Maximum
Income Tax Disclosure [Line Items]
Withholding tax percentage on dividend distributed by foreign investment enterprises	5%

Income Tax Expenses - Summary o

Income Tax Expenses - Summary of Components of Current and Deferred Income Taxes (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Income Tax Disclosure [Abstract]
Income (loss) before income tax expense	¥ (818,628)		¥ (1,547,959)	¥ (2,681,445)
Current tax expense	11,065		4,507	3,519
Deferred income tax expenses (benefits)	(8,360)	$ (1,212)	(5,428)	3,451
Income Tax Expense (Benefit), Total	¥ 2,705	$ 392	¥ (921)	¥ 6,970

Income Tax Expenses - Effective

Income Tax Expenses - Effective Income Tax Rate Reconciliation Permanent Differences Rate (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
PRC statutory income tax rate	25%	25%	25%
Permanent differences	(12.00%)	(9.00%)	(17.00%)
Tax effect of different tax rate of different jurisdictions	0%	0%	0%
Tax effect of Super Deduction and others	1%	1%	0%
Changes in valuation allowance	(14.00%)	(17.00%)	(8.00%)
Effective tax rates	0%	0%	0%

Income Tax Expenses - Schedule

Income Tax Expenses - Schedule of Deferred Tax Assets (Details) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	¥ 578,992	¥ 470,227
Inventory valuation allowance	26,187	27,048
Accrued expenses and others	29,150	19,225
Total deferred tax assets	634,329	516,500
Less: valuation allowance	(632,378)	(514,500)
Deferred tax assets, net	¥ 1,951	¥ 2,000

Income Tax Expenses - Movement

Income Tax Expenses - Movement of Valuation Allowance (Details) - SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at beginning of the year	¥ 514,500	¥ 237,965
Additions	117,878	276,535
Balance at end of the year	¥ 632,378	¥ 514,500

Income Tax Expenses - Schedul_2

Income Tax Expenses - Schedule of Deferred Tax Liabilities (Details) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Related to acquired intangible assets	¥ 113,441	¥ 124,450

Ordinary Shares - Additional In

Ordinary Shares - Additional Information (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands			1 Months Ended			12 Months Ended
	Nov. 19, 2020 CNY (¥) shares	Nov. 19, 2020 USD ($) shares	Sep. 30, 2020 shares	Apr. 30, 2020 shares	Jul. 31, 2019 shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2022 $ / shares shares	Dec. 31, 2022 ¥ / shares shares	Dec. 31, 2021 $ / shares shares	Dec. 31, 2021 ¥ / shares shares	Dec. 31, 2020 $ / shares shares	Sep. 30, 2016 USD ($) $ / shares shares
Class Of Stock [Line Items]
Ordinary shares authorized share capital | $														$ 50,000
Common stock, shares authorized					4,044,840,121				10,000,000,000	10,000,000,000	10,000,000,000	10,000,000,000		5,000,000,000
Common stock, par value | $ / shares									$ 0.00001		$ 0.00001			$ 0.00001
Ordinary shares repurchased					7,713,574			62,388,247
Issuances of shares due to exercise of share options, shares							7,686,832
Total proceeds, net of issuance costs | ¥								¥ 4,380,213
Repurchased of ordinary shares, consideration | ¥						¥ 646,820	¥ 22,319	¥ 483,622
American Depositary Shares
Class Of Stock [Line Items]
Ordinary shares repurchased						72,625,763	1,846,823
Share Price | ¥ / shares										¥ 8.9062		¥ 12.0848
American Depositary Shares | Initial Public Offering ("IPO")
Class Of Stock [Line Items]
Issuance of ordinary shares upon initial public offering, shares	67,562,500	67,562,500
Total proceeds, net of issuance costs	¥ 4,350,000	$ 664,700,000
Founders
Class Of Stock [Line Items]
Ordinary shares redesignated into preferred shares								6,443,998
Class A Ordinary Shares
Class Of Stock [Line Items]
Common stock, shares authorized					3,130,264,924				6,000,000,000	6,000,000,000	6,000,000,000	6,000,000,000
Ordinary shares, voting rights						one vote per share
Common stock, shares issued									2,030,600,883	2,030,600,883	1,938,303,919	1,938,303,919
Ordinary shares, decrease in authorized shares													392,306,730
Class A Ordinary Shares | American Depositary Shares
Class Of Stock [Line Items]
Ordinary shares repurchased						290,503,052	7,387,292
Share Price | ¥ / shares										¥ 2.2266		¥ 3.0212
Repurchased of ordinary shares, consideration | ¥						¥ 646,820	¥ 22,319
Class A Ordinary Shares | American Depositary Shares | Initial Public Offering ("IPO")
Class Of Stock [Line Items]
Issuance of ordinary shares upon initial public offering, shares	270,250,000	270,250,000
Class A Ordinary Shares | Share Incentive Plan Trust
Class Of Stock [Line Items]
Common stock, shares issued													149,363,572
Class A Ordinary Shares | Options
Class Of Stock [Line Items]
Issuances of shares due to exercise of share options, shares								15,518,385
Class B Ordinary Shares
Class Of Stock [Line Items]
Common stock, shares authorized					914,575,197				960,852,606	960,852,606	960,852,606	960,852,606
Common stock, par value | $ / shares													$ 0.00001
Ordinary shares, voting rights						ten votes per share
Common stock, shares issued									666,572,880	666,572,880	758,869,844	758,869,844
Ordinary shares repurchased								62,388,247
Ordinary shares, increase in authorized shares													46,277,409
Class B Ordinary Shares | Share Incentive Plan Trust
Class Of Stock [Line Items]
Common stock, shares issued													21,356,415
Class B Ordinary Shares | Founders
Class Of Stock [Line Items]
Common stock, shares issued					157,846,049								93,753,239
Series C Preferred Shares
Class Of Stock [Line Items]
Temporary equity, increase in authorized shares													66,432,971
Temporary equity, nominal or par value | $ / shares													$ 0.00001
Issuance of ordinary shares upon initial public offering, shares			39,859,783	26,573,188
Series C Preferred Shares | Investors
Class Of Stock [Line Items]
Temporary equity, shares issued					7,713,574
Series Seed Preferred Shares
Class Of Stock [Line Items]
Temporary equity, increase in authorized shares													68,832,245
Temporary equity, nominal or par value | $ / shares													$ 0.00001
Series Seed Preferred Shares | Investors
Class Of Stock [Line Items]
Temporary equity, shares issued													62,388,247
Series D Preferred Shares
Class Of Stock [Line Items]
Temporary equity, increase in authorized shares													66,432,971
Temporary equity, nominal or par value | $ / shares													$ 0.00001
Series E Preferred Shares
Class Of Stock [Line Items]
Temporary equity, increase in authorized shares													144,331,134
Temporary equity, nominal or par value | $ / shares													$ 0.00001

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Share-Based Compensation Expenses (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	¥ 340,860	$ 49,420	¥ 530,440	¥ 1,900,588
Share-based Compensation of Founders' Restricted Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses				1,030,178
Related to Repurchase of Founders' Ordinary Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses				146,294
Related to Issuances of Preferred Shares to Investors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses				303,627
Related to Redesignation of Founder’s Ordinary Shares to Preferred Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses				1,852
Related to Accelerated Vesting of Share Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	(64,660)		66,429	138,729
Related to Modification of Exercise Price of Share Options on Modification Day
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	12,793
Related to Vesting of Share Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	¥ 392,727		¥ 464,011	¥ 279,908

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) ¥ in Thousands, $ in Thousands	1 Months Ended			12 Months Ended
	Sep. 30, 2020 CNY (¥) shares	Apr. 30, 2020 shares	Jul. 31, 2019 shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 CNY (¥) shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses				¥ 340,860	$ 49,420	¥ 530,440	¥ 1,900,588
Ordinary shares repurchased | shares			7,713,574				62,388,247
Repurchased of ordinary shares, consideration				¥ 646,820		¥ 22,319	¥ 483,622
Number of options accelerated to vest immediately | shares						5,595,868	15,518,385
Number of share options, granted | shares				85,357,994	85,357,994	55,388,338	136,230,857
Unrecognized compensation expenses related to stock options				¥ 346,171
Unrecognized compensation expenses period for recognition				1 year 3 months 7 days	1 year 3 months 7 days
Related to Vesting of Share Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum term of option				10 years	10 years
Maximum aggregate number of Ordinary Shares authorized | shares				249,234,508
Series C Preferred Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares issued | shares	39,859,783	26,573,188
Deemed share-based expense							¥ 303,627
Ordinary Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Shares granted | shares	93,753,239
Ordinary shares repurchased | shares							62,388,247
Repurchased of ordinary shares, consideration							¥ 4
Shares issued | shares							270,250,000
Share-based Compensation of Founders' Restricted Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses							¥ 1,030,178
Related to Repurchase of Founders' Ordinary Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses							146,294
Accelerated Vesting of Share Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses				¥ (64,660)		¥ 66,429	138,729
Number of options accelerated to vest immediately | shares	15,518,385			17,863,616	17,863,616
Share-based compensation fair value of modified option	¥ 138,729			¥ 12,379		77,898
Compensation expense for the unvested options				77,039		11,469
Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses				392,727		¥ 464,011	¥ 279,908
Share Options on Modification Day
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses charged on modification day for vested options				¥ 12,793
Tranche One | Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting, percentage				25%	25%
Vesting period				4 years	4 years
Tranche Two | Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting, percentage				100%	100%
Vesting period				1 year	1 year
Share-Based Payment Arrangement, Tranche Three | Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting, percentage				21.43%	21.43%
Vesting period				4 years	4 years
Share-Based Payment Arrangement, Tranche Four | Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting, percentage				7.14%	7.14%
Vesting period				2 years	2 years

Share-Based Compensation - Move

Share-Based Compensation - Movement in Number of Share Options Granted and Related Weighted Average Exercise Prices (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-Based Payment Arrangement [Abstract]
Number of options, Beginning balance	229,038,872	185,907,876	68,589,097
Number of options, Granted	85,357,994	55,388,338	136,230,857
Number of options, Cancelled			(1,849,265)
Number of options, Forfeited	(27,297,153)	(4,570,510)	(1,544,428)
Number of options, Accelerated vesting and exercised		(5,595,868)	(15,518,385)
Number of options, Exercised		(7,686,832)
Number of options, Ending balance	287,099,713	229,038,872	185,907,876	68,589,097
Number of options, Exercisable	123,287,676
Weighted average exercise price, Beginning balance	$ 0.3706	$ 0.2179	$ 0.0073
Weighted average exercise price, Granted	0.0250	0.8790	0.2960
Weighted average exercise price, Cancelled			0.0006
Weighted average exercise price, Forfeited	0.0250	0.8782	0.2062
Weighted average exercise price, Exercised		0.0392
Weighted average exercise price, Ending balance	$ 0.0448	$ 0.3706	$ 0.2179	$ 0.0073
Weighted average remaining contractual life, balance	11 years 11 months 26 days	12 years 11 months 23 days	13 years 8 months 23 days	4 years 6 months 29 days
Aggregate intrinsic value,Balance	$ 91,942	$ 38,230	$ 749,602
Aggregate intrinsic value, Exercisable	$ 39,958

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Key Assumptions Used to Determine Fair Value of Share Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average fair value per option granted	$ 0.2562	$ 1.3882	$ 7.3798
Weighted average exercise price	$ 0.1659	$ 5.6699	$ 2.0418
Risk-free interest rate, Minimum	1.56%	1.45%	0.48%
Risk-free interest rate, Maximum	4.04%	1.97%	1.01%
Expected term	14 years	14 years
Expected volatility, Minimum	53.62%	54.69%	50.90%
Expected volatility, Maximum	68.75%	57%	55.90%
Dividend yield	0%	0%	0%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term			10 years
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term			16 years

Share-Based Compensation - Sc_3

Share-Based Compensation - Schedule of Share-Based Compensation Expenses Included in Statement of Operations (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	¥ 340,860	$ 49,420	¥ 530,440	¥ 1,900,588
Fulfilment Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	4,267		13,122	2,947
Selling and Marketing Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	62,231		80,558	54,332
General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	248,400		418,823	1,841,409
Research and Development Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expenses	¥ 25,962		¥ 17,937	¥ 1,900

Net Loss Per Share - Summary of

Net Loss Per Share - Summary of Basic and Diluted Net Loss per share (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares
Numerator:
Net loss attributable to the Yatsen Holding Limited's shareholders	¥ (815,371)	$ (118,217)	¥ (1,540,734)	¥ (2,687,807)
Accretion to preferred shares redemption value | ¥				(242,209)
Deemed dividend due to modification of preferred shares | ¥				(1,054,220)
Net loss attributable to ordinary shareholders of Yatsen Holding Limited	¥ (815,371)	$ (118,217)	¥ (1,540,734)	¥ (3,984,236)
Denominator:
Denominator for basic calculation-weighted average number of ordinary shares outstanding | shares	2,372,728,777	2,372,728,777	2,526,833,201	833,714,126
Denominator:
Denominator for diluted calculation-weighted average number of ordinary shares outstanding | shares	2,372,728,777	2,372,728,777	2,526,833,201	833,714,126
Net loss per ordinary share
—Basic | (per share)	¥ (0.34)	$ (0.05)	¥ (0.61)	¥ (4.78)
Net loss per ordinary share
—Diluted | (per share)	¥ (0.34)	$ (0.05)	¥ (0.61)	¥ (4.78)

Net Loss Per Share - Summary _2

Net Loss Per Share - Summary of Antidilutive Securities Excluded from Computation of Net Loss per Share (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Conversion of Preferred Shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of net income (loss) per share			959,555,911
Related to Share Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of net income (loss) per share	280,482,617	209,409,699	113,142,382
Related to Founders’ Restricted Shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of net income (loss) per share			256,752,927

Related Party Transactions - Sc

Related Party Transactions - Schedule of Transactions with a Related Party (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
An Affiliated Company | Purchases of Storage and Transportation Service
Related Party Transaction [Line Items]
Transactions with related parties		¥ 13,843	¥ 15,183
An Affiliated Company | Purchases of Inventories and Services
Related Party Transaction [Line Items]
Transactions with related parties	¥ 137,476	¥ 24,472
Chief Executive Officer | Sales Of Inventories
Related Party Transaction [Line Items]
Transactions with related parties	¥ 11,384

Related Party Transactions - _2

Related Party Transactions - Schedule of Balances Amount with Related Parties (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Related Party Transaction [Line Items]
Amounts due from related parties	¥ 5,654	$ 820	¥ 60
Amounts due to related parties	27,242	$ 3,950	13,967
Chief Executive Officer
Related Party Transaction [Line Items]
Amounts due from related parties	5,594
Affiliated Companies
Related Party Transaction [Line Items]
Amounts due from related parties	60		60
An Affiliated Company
Related Party Transaction [Line Items]
Amounts due to related parties	¥ 27,242		¥ 13,967

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - CNY (¥)	Dec. 31, 2022	Dec. 31, 2021
Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial assets	¥ 0	¥ 0
Financial liabilities	0	0
Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial assets	0	0
Financial liabilities	¥ 0	¥ 0

Commitments And Contingencies (

Commitments And Contingencies (Details) - 12 months ended Dec. 31, 2022 ¥ in Thousands	CNY (¥)	USD ($)
Commitments and Contingencies Disclosure [Abstract]
Investments in joint venture	¥ 450,000
Commitment amount	88,675
Operating lease commitment outstanding	1,486
Maximum financial guarantees provided	98,000
Utilized guarantees	8,000
Restricted cash	¥ 41,383	$ 6,000,000
Maximum forfeited security deposit upon non collection of contractual minimum annual service fees | $		$ 6,000,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) ¥ in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Mar. 31, 2023 shares	Feb. 28, 2023 shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 CNY (¥) shares
Subsequent Event [Line Items]
Recognition of additional share-based compensation expense			¥ 340,860	$ 49,420	¥ 530,440	¥ 1,900,588
Number of options, Granted			85,357,994	85,357,994	55,388,338	136,230,857
Subsequent Events
Subsequent Event [Line Items]
Number of options, Granted	65,662,949	65,662,949

Restricted Net Assets - Additio

Restricted Net Assets - Additional Information (Details) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)
Receivables [Abstract]
Percentage of income after tax to reserve	10%
Percentage of surplus reserve fund of registered capital	50%
Group entities and VIEs subsidiary restricted amount	¥ 1,221,410
Percentage of restricted net assets of subsidiary exceeding consolidated net assets.	25%

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of the Parent Company - Balance Sheets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Current assets
Cash and cash equivalents	¥ 1,512,945	$ 219,356	¥ 3,138,008
Short-term investment	1,072,867	155,551
Prepayments and other current assets	292,825	42,456	366,191
Total current assets	3,508,421	508,673	4,555,857
Non-current assets
Restricted cash	41,383
Total non-current assets	2,354,235	341,333	2,716,152
Total assets	5,862,656	850,006	7,272,009
Current liabilities
Amounts due to subsidiaries	27,242	3,950	13,967
Total current liabilities	588,412	85,311	877,583
Non-current liabilities
Deferred income-non current	45,280	6,565	56,180
Total non-current liabilities	211,718	30,696	386,933
Total liabilities	800,130	116,007	1,264,516
Shareholders’ equity (deficit)
Ordinary shares	173	25	173
Treasury shares	(669,150)	(97,018)	(22,330)
Additional paid-in capital	12,038,802	1,745,462	11,697,942
Accumulated deficit	(6,600,365)	(956,963)	(5,782,169)
Accumulated other comprehensive loss	(74,195)	(10,754)	(255,780)
Total shareholders' equity	4,722,602	684,715	5,668,906	¥ 6,863,594	¥ (55,800)
Total liabilities, redeemable non-controlling interests and shareholders" equity	5,862,656	850,006	7,272,009
Parent Company
Current assets
Cash and cash equivalents	115,480	16,743	33,320
Short-term investment	345,171	50,045
Prepayments and other current assets	483	70	2,494
Amounts due from subsidiaries	5,550,398	804,735	6,157,680
Total current assets	6,011,532	871,593	6,193,494
Non-current assets
Restricted cash	41,383	6,000
Total non-current assets	41,383	6,000
Total assets	6,052,915	877,593	6,193,494
Current liabilities
Accrued expenses and other liabilities	6,689	970	19,766
Amounts due to subsidiaries	13,084	1,897
Total current liabilities	19,773	2,867	19,766
Non-current liabilities
Deficit of investments in subsidiaries and VIE	1,268,420	183,904	458,360
Deferred income-non current	45,280	6,565	56,180
Total non-current liabilities	1,313,700	190,469	514,540
Total liabilities	1,333,473	193,336	534,306
Shareholders’ equity (deficit)
Ordinary shares	173	25	173
Treasury shares	(669,150)	(97,018)	(22,330)
Additional paid-in capital	12,038,802	1,745,462	11,697,942
Accumulated deficit	(6,576,188)	(953,458)	(5,760,817)
Accumulated other comprehensive loss	(74,195)	(10,754)	(255,780)
Total shareholders' equity	4,719,442	684,257	5,659,188
Total liabilities, redeemable non-controlling interests and shareholders" equity	¥ 6,052,915	$ 877,593	¥ 6,193,494

Schedule I - Condensed Financ_2

Schedule I - Condensed Financial Information of the Parent Company - Balance Sheets (Parenthetical) (Details) - $ / shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jul. 31, 2019	Sep. 30, 2016
Common stock, par value	$ 0.00001	$ 0.00001			$ 0.00001
Common stock, shares authorized	10,000,000,000	10,000,000,000		4,044,840,121	5,000,000,000
Common stock, shares designated	3,039,147,394	3,039,147,394
Parent Company
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	10,000,000,000	10,000,000,000
Common stock, shares designated	3,039,147,394	3,039,147,394
Class A Ordinary Shares
Common stock, shares authorized	6,000,000,000	6,000,000,000		3,130,264,924
Common stock, shares issued	2,030,600,883	1,938,303,919
Common stock, shares outstanding	1,569,677,384	1,789,239,887
Class A Ordinary Shares | Parent Company
Common stock, shares authorized	6,000,000,000	6,000,000,000
Common stock, shares issued	2,030,600,883	1,938,303,919
Common stock, shares outstanding	1,569,677,384	1,789,239,887
Class B Ordinary Shares
Common stock, par value			$ 0.00001
Common stock, shares authorized	960,852,606	960,852,606		914,575,197
Common stock, shares issued	666,572,880	758,869,844
Common stock, shares outstanding	666,572,880	737,513,429
Class B Ordinary Shares | Parent Company
Common stock, shares authorized	960,852,606	960,852,606
Common stock, shares issued	666,572,880	758,869,844
Common stock, shares outstanding	666,572,880	737,513,429

Schedule_I_T2 - Condensed Finan

Schedule_I_T2 - Condensed Financial Information of the Parent Company -Statements of Income and Comprehensive Income (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
General and administrative expenses	¥ (720,409)	$ (104,449)	¥ (941,347)	¥ (2,142,973)
Loss from operations	(928,898)	(134,677)	(1,624,244)	(2,682,671)
Financial income	34,656	5,025	45,658	14,313
Foreign currency exchange losses	(35,357)	(5,126)	(1,751)	(2,774)
Loss from subsidiaries and VIE	12,548	1,819	5,978	(293)
Other income, net	103,501	15,006	27,775	(10,020)
Net loss attributable to the Yatsen Holding Limited's shareholders	(815,371)	(118,217)	(1,540,734)	(2,687,807)
Accretion to preferred shares				(242,209)
Deemed dividends due to modification of preferred shares				1,054,220
Net loss attributable to ordinary shareholders of Yatsen Holding Limited	(815,371)	(118,217)	(1,540,734)	(3,984,236)
Other comprehensive income (loss):
Net loss attributable to the Yatsen Holding Limited's shareholders	(815,371)	(118,217)	(1,540,734)	(2,687,807)
Foreign currency translation adjustment, net of nil tax	181,585	26,327	(158,515)	(111,697)
Comprehensive loss attributable to the Yatsen Holding Limited's shareholders	(633,786)	(91,890)	(1,699,249)	(2,799,504)
Parent Company
General and administrative expenses	(19,329)	(2,802)	(28,484)	(9,871)
Loss from operations	(19,329)	(2,802)	(28,484)	(9,871)
Financial income	1,181	171	880	5,309
Foreign currency exchange losses	(6)	(1)
Loss from subsidiaries and VIE	(812,151)	(117,750)	(1,527,645)	(2,683,245)
Other income, net	14,934	2,165	14,515
Net loss attributable to the Yatsen Holding Limited's shareholders	(815,371)	(118,217)	(1,540,734)	(2,687,807)
Accretion to preferred shares				(242,209)
Deemed dividends due to modification of preferred shares				(1,054,220)
Net loss attributable to ordinary shareholders of Yatsen Holding Limited	(815,371)	(118,217)	(1,540,734)	(3,984,236)
Other comprehensive income (loss):
Net loss attributable to the Yatsen Holding Limited's shareholders	(815,371)	(118,217)	(1,540,734)	(2,687,807)
Foreign currency translation adjustment, net of nil tax	181,585	26,327	(158,515)	(111,697)
Comprehensive loss attributable to the Yatsen Holding Limited's shareholders	¥ (633,786)	$ (91,890)	¥ (1,699,249)	¥ (2,799,504)

Schedule_I_T2 - Condensed Fin_2

Schedule_I_T2 - Condensed Financial Information of the Parent Company -Statements of Income and Comprehensive Income (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)
Foreign currency translation adjustment, tax | $	$ 0	$ 0		$ 0
Parent Company
Foreign currency translation adjustment, tax | ¥			¥ 0		¥ 0

Schedule_I_T3 - Condensed Finan

Schedule_I_T3 - Condensed Financial Information of the Parent Company - Statements of Cash Flows (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Net cash provided by (used in) operating activities	¥ 136,208	$ 19,749	¥ (1,020,441)	¥ (983,368)
Cash Flows from Investing Activities
Purchases of short-term investments	(2,421,802)	(351,128)
Net Cash used in Investing Activities	(1,155,416)	(167,519)	(1,484,257)	(508,832)
Cash Flows from Financing Activities
Proceeds from issuance of preferred shares, net of issuance costs				3,868,594
Proceeds from issuance of ordinary shares, net of issuance costs				4,380,213
Repurchases of Ordinary shares	(654,650)	(94,915)	(15,161)	(491,167)
Repurchases of Preferred shares				(1,076,771)
Issuance costs of issuance of Ordinary Shares in IPO	(1,706)	(247)
Repayment of a shareholder receivable resulting from Repurchases of Ordinary Shares			12,959
Proceeds from exercise of vested share options	1,906	276
Net cash provided by (used in) financing activities	(654,450)	(94,886)	(1,706)	6,680,869
Effect of exchange rate changes on cash and cash equivalents and restricted cash	89,978	13,044	(88,980)	(131,856)
Net increase in cash, cash equivalents and restricted cash	(1,583,680)	(229,612)	(2,595,384)	5,056,813
Cash and cash equivalents and restricted cash at the beginning of the year	3,138,008	454,968	5,733,392	676,579
Cash and cash equivalents and restricted cash at the end of the year	1,554,328	225,356	3,138,008	5,733,392
Parent Company
Net cash provided by (used in) operating activities	(25,271)	(3,664)	45,330	(20,890)
Cash Flows from Investing Activities
Capital contribution to Group companies			(25,856)	(624,978)
Purchases of short-term investments	(342,380)	(49,640)
Advances to Group companies	(1,396,460)	(202,468)	(2,060,287)	(5,487,408)
Receival of advances repayment from Group companies	2,539,576	368,204	1,165,010	840
Acquisition of businesses, net of cash and cash equivalents acquired				(3,196)
Net Cash used in Investing Activities	800,736	116,096	(921,133)	(6,114,742)
Cash Flows from Financing Activities
Proceeds from issuance of preferred shares, net of issuance costs				3,909,059
Proceeds from issuance of ordinary shares, net of issuance costs				4,389,910
Repurchases of Ordinary shares	(654,650)	(94,915)	(15,161)	(491,167)
Repurchases of Preferred shares				(1,076,771)
Issuance costs of issuance of Ordinary Shares in IPO	(1,706)	(247)
Repayment of a shareholder receivable resulting from Repurchases of Ordinary Shares			12,959
Proceeds from exercise of vested share options	1,906	276
Net cash provided by (used in) financing activities	(654,450)	(94,886)	(2,202)	6,731,031
Effect of exchange rate changes on cash and cash equivalents and restricted cash	2,528	366	(23,679)	(66,906)
Net increase in cash, cash equivalents and restricted cash	123,543	17,912	(901,684)	528,493
Cash and cash equivalents and restricted cash at the beginning of the year	33,320	4,831	935,004	406,511
Cash and cash equivalents and restricted cash at the end of the year	¥ 156,863	$ 22,743	¥ 33,320	¥ 935,004

Segment Information - Summary o

Segment Information - Summary of Reportable Segment (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Net revenues
Total net revenues	¥ 3,706,122	$ 537,337	¥ 5,839,973	¥ 5,233,170
Loss from operations
Unallocated expenses	(389,560)		(572,013)	(1,903,217)
Total loss from operations	(928,898)	(134,677)	(1,624,244)	(2,682,671)
Reconciliation
Financial income	34,656	5,025	45,658	14,313
Foreign currency exchange losses	(35,357)	(5,126)	(1,751)	(2,774)
Income (loss) from equity method investments, net	12,548	1,819	5,978	(293)
Impairment loss of investments	(5,078)	(736)	(1,375)
Other (expenses) income, net	103,501	15,006	27,775	(10,020)
Loss before income tax expenses	(818,628)	$ (118,689)	(1,547,959)	(2,681,445)
Color Cosmetics Brands
Net revenues
Total net revenues	2,415,500		4,869,279	4,919,317
Loss from operations
Total loss from operations	(476,998)		(823,296)	(695,684)
Skincare Brands
Net revenues
Total net revenues	1,241,528		855,241	200,819
Loss from operations
Total loss from operations	(63,095)		(220,854)	(76,111)
Others
Net revenues
Total net revenues	49,094		115,453	113,034
Loss from operations
Total loss from operations	¥ 755		¥ (8,081)	¥ (7,659)