Yixian e-commerce (YSG.US)'s Q2 skincare revenue surged by 40%, accounting for over 70%, becoming the core growth engine

Zhitong Finance App learned that on September 2, Yixian E-Commerce (YSG.US) released the results report for the second quarter of 2026. According to the announcement, the company's second-quarter revenue increased to 1.14 billion yuan, up 5.1% from the same period last year, and achieved year-on-year growth for seven consecutive quarters.

Among them, the three major skincare brands Galénic, France's Colanley, DR.WU Dahlskin, and EVE LOM grew strongly, helping the skincare business increase by 40.4% year over year and achieve revenue of 816 million yuan. The skincare sector's revenue share of total revenue rose to 71.5%, and the revenue contribution rate reached a record high, becoming the main engine of growth.

At the same time, the company continued to increase R&D investment. In the second quarter of 2026, the company invested 37.25 million yuan in R&D, and the cost ratio stabilized over 3%, ranking first in the industry. Since 2020, the company has invested more than 770 million yuan in R&D and innovation, maintaining an annual R&D expenditure rate of more than 3% for four consecutive years.

It is worth mentioning that in May of this year, the first issue of Yixian E-commerce's US$120 million convertible bond was issued and launched, receiving joint support from Xinchen Capital and Gao Lin Capital, fully demonstrating the firm confidence of leading institutions in the long-term development value and strategic layout of the enterprise. According to the announcement, the relevant funds raised will be used for product research and development, global supply chain integration, and overseas market expansion, which is expected to further promote the continuous growth of the company's business and consolidate its core competitiveness.

In response, Huang Jinfeng, founder, chairman and CEO of Yixian E-commerce, said, “The domestic beauty market showed strong resilience in the second quarter. The market growth rate was repaired, but competition in the industry intensified, and overall challenges were still facing. In this context, the company's business is still at a critical stage of strategic transformation. Among them, the skincare business maintained a strong growth trend, contributing more than 70% to revenue in a single quarter. In contrast, the makeup business faces structural headwinds in competition, and we will be more proactive in adjusting our resource focus and actively optimizing the company's business structure. Looking forward to the future, the company will continue to adjust its product portfolio and channel operations, while maintaining investment in R&D, consolidating innovative product reserves, and achieving long-term sustainable growth.”