YSG Cash Conversion Ratio

Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares · Cash Conversion Ratio

YSG Cash Conversion Ratio

Current (TTM)0.66×retrievedOct 20, 2026

YSG Cash Conversion Ratio (2.42× → 0.66×)

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YSG cash conversion ratio history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares Cash Conversion Ratio — Annual fiscal periods

Period ending	Cash Conversion Ratio
Dec 31, 2025	1.7602×
Dec 31, 2024	0.4187×
Dec 31, 2023	0.2033×
Dec 31, 2022	-0.0927×
Dec 31, 2021	0.7806×
Dec 31, 2020	0.5383×
Dec 31, 2019	-1.5293×
Dec 31, 2018	2.4247×