So-Young Forecasts Q1 FY2024 Revenues Of RMB290M ($40.8M)-RMB310M ($43.7M), Representing 6.5%-0.0% YoY Decrease
Portfolio Pulse from Benzinga Newsdesk
So-Young International Inc. projects its Q1 FY2024 revenues to be between RMB290 million ($40.8 million) and RMB310 million ($43.7 million), indicating a potential year-over-year decrease of up to 6.5%.
March 20, 2024 | 9:50 am
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So-Young International Inc. expects Q1 FY2024 revenues to range from RMB290M to RMB310M, suggesting a decrease of up to 6.5% YoY.
The projected decrease in revenues for So-Young International Inc. for Q1 FY2024 suggests potential challenges in the company's performance. This forecast, especially if it represents a significant deviation from previous growth trends, could lead to negative investor sentiment and a decrease in stock price in the short term. The high relevance is due to the direct mention of the company's financial forecast, and the importance is elevated given that revenue forecasts are critical indicators of a company's health and future prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100