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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

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, 2021, 2022 and 2023:

	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Net revenues
Color Cosmetics Brands		4,869,279			2,415,500			1,973,726
Skincare Brands		855,241			1,241,528			1,383,578
Others		115,453			49,094			57,470
Total net revenues		5,839,973			3,706,122			3,414,774
Loss from operations
Color Cosmetics Brands		(823,296	)		(476,998	)		(352,147	)
Skincare Brands		(220,854	)		(63,095	)		(431,268	)
Others		(8,081	)		755			1,859
Unallocated expenses (a)		(572,013	)		(389,560	)		(131,799	)
Total loss from operations		(1,624,244	)		(928,898	)		(913,355	)
Reconciliation
Financial income		45,658			34,656			89,020
Foreign currency exchange (loss) gain		(1,751	)		(35,357	)		7,218
Income from equity method investments, net		5,978			12,548			10,122
Impairment loss of investments		(1,375	)		(5,078	)		-
Other (expenses) income, net		27,775			103,501			53,558
Loss before income tax expenses		(1,547,959	)		(818,628	)		(753,437	)

(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.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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