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Principal Activities and Reorganization (Tables) | 12 Months Ended
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Dec. 31, 2023
Details of Principal Subsidiaries and VIE | As of December 31, 2023, 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 Yixun Cosmetics Co., Ltd. |  | PRC |  | October 22, 2020 |  | 100% |  | Cosmetics Sales
Aoyan (Shanghai) Cosmetics Trading Co., Ltd. |  | PRC |  | Jun 4, 2019 |  | 100% |  | Cosmetics Sales
SNK (Shanghai) Limited |  | PRC |  | July 31, 2018 |  | 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
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,
|  | 2022 |  | 2023
|  | RMB |  | RMB
Cash and cash equivalents |  | 8,924 |  | 12,202
Accounts receivable |  | 2,047 |  | 6,428
Inventories, net |  | 1,080 |  | 348
Prepayments and other current assets |  | 9,723 |  | 7,742
Amounts due from non-VIE subsidiaries |  | - |  | 10
Total current assets |  | 21,774 |  | 26,730
Investments |  | 161,640 |  | 291,965
Property and equipment, net |  | 5,745 |  | 1,606
Intangible assets, net |  | 2 |  | -
Right-of-use assets, net |  | 74 |  | -
Total non-current assets |  | 167,461 |  | 293,571
Total assets |  | 189,235 |  | 320,301
Accounts payable |  | 8,813 |  | 7,645
Advances from customers |  | 5,892 |  | 26,810
Accrued expenses and other liabilities |  | 16,624 |  | 8,646
Income tax payables |  | 929 |  | 929
Lease liabilities due within one year |  | 78 |  | -
Amounts due to non-VIE subsidiaries |  | 195,389 |  | 266,018
Total current liabilities |  | 227,725 |  | 310,048
Total liabilities |  | 227,725 |  | 310,048
|  | Year ended December 31,
|  | 2021 |  | 2022 |  | 2023
|  | RMB |  | RMB |  | RMB
Net revenues |  | 521,835 |  | 323,246 |  | 183,737
Net income (loss) |  | (27,886) |  | 16,624 |  | 2,922
Net cash provided by operating activities |  | 17,178 |  | 17,306 |  | 36,473
Net cash used in investing activities |  | (121,236) |  | (30,277) |  | (107,721)
Net cash provided by (used in) financing activities |  | 100,450 |  | (5,644) |  | 74,526
Net increase (decrease) in cash and cash equivalents |  | (3,608) |  | (18,615) |  | 3,278

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-6 + Details
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