So-Young International Inc (SY) - Net Assets
Based on the latest financial reports, So-Young International Inc (SY) has net assets worth $1.79 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.64 Billion) and total liabilities ($852.81 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of So-Young International Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.79 Billion |
| % of Total Assets | 67.75% |
| Annual Growth Rate | 45.93% |
| 5-Year Change | -25.23% |
| 10-Year Change | N/A |
| Growth Volatility | 121.71 |
So-Young International Inc - Net Assets Trend (2016–2024)
This chart illustrates how So-Young International Inc's net assets have evolved over time, based on quarterly financial data. Also explore SY total asset value for the complete picture of this company's asset base.
Annual Net Assets for So-Young International Inc (2016–2024)
The table below shows the annual net assets of So-Young International Inc from 2016 to 2024. For live valuation and market cap data, see SY market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.96 Billion | -23.53% |
| 2023-12-31 | $2.56 Billion | -1.79% |
| 2022-12-31 | $2.61 Billion | +3.61% |
| 2021-12-31 | $2.52 Billion | -3.91% |
| 2020-12-31 | $2.62 Billion | -0.87% |
| 2019-12-31 | $2.64 Billion | +154.50% |
| 2018-12-31 | $1.04 Billion | +142.92% |
| 2017-12-31 | $427.46 Million | +348.75% |
| 2016-12-31 | $95.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to So-Young International Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 72549300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $290.00K | 0.02% |
| Other Comprehensive Income | $31.56 Million | 1.72% |
| Other Components | $2.69 Billion | 146.43% |
| Total Equity | $1.84 Billion | 100.00% |
So-Young International Inc Competitors by Market Cap
The table below lists competitors of So-Young International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chicago Atlantic Real Estate Finance Inc
NASDAQ:REFI
|
$252.12 Million |
|
SiS Distribution (Thailand) Public Company Limited
BK:SIS
|
$252.15 Million |
|
Bioteque
TWO:4107
|
$252.17 Million |
|
Tiansheng Pharmaceutical Group Co Ltd
SHE:002872
|
$252.21 Million |
|
Everspin Technologies Inc
NASDAQ:MRAM
|
$252.11 Million |
|
Stack Capital Group Inc
TO:STCK
|
$252.02 Million |
|
Sam Young Chem
KO:003720
|
$251.90 Million |
|
Resimac Group Ltd
AU:RMC
|
$251.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in So-Young International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,444,129,000 to 1,839,121,000, a change of -605,008,000 (-24.8%).
- Net loss of 589,527,000 reduced equity.
- Dividend payments of 43,573,000 reduced retained earnings.
- Share repurchases of 18,237,000 reduced equity.
- Other comprehensive income decreased equity by 20,480,000.
- Other factors increased equity by 66,809,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-589.53 Million | -32.05% |
| Dividends Paid | $43.57 Million | -2.37% |
| Share Repurchases | $18.24 Million | -0.99% |
| Other Comprehensive Income | $-20.48 Million | -1.11% |
| Other Changes | $66.81 Million | +3.63% |
| Total Change | $- | -24.75% |
Book Value vs Market Value Analysis
This analysis compares So-Young International Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.43x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $2.10 | $3.00 | x |
| 2017-12-31 | $-3.68 | $3.00 | x |
| 2018-12-31 | $25.02 | $3.00 | x |
| 2019-12-31 | $24.70 | $3.00 | x |
| 2020-12-31 | $18.34 | $3.00 | x |
| 2021-12-31 | $17.72 | $3.00 | x |
| 2022-12-31 | $18.10 | $3.00 | x |
| 2023-12-31 | $18.53 | $3.00 | x |
| 2024-12-31 | $13.71 | $3.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently So-Young International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -32.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.19%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.49x
- Recent ROE (-32.05%) is below the historical average (-11.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -85.07% | -165.08% | 0.33x | 1.58x | $-90.56 Million |
| 2017 | 0.00% | 6.63% | 0.46x | 0.00x | $33.90 Million |
| 2018 | 5.30% | 8.92% | 0.46x | 1.29x | $-48.76 Million |
| 2019 | 6.69% | 15.35% | 0.36x | 1.22x | $-87.54 Million |
| 2020 | 0.22% | 0.45% | 0.39x | 1.27x | $-253.83 Million |
| 2021 | -0.34% | -0.49% | 0.51x | 1.36x | $-252.99 Million |
| 2022 | -2.62% | -5.21% | 0.39x | 1.28x | $-315.35 Million |
| 2023 | 0.87% | 1.42% | 0.47x | 1.32x | $-223.13 Million |
| 2024 | -32.05% | -40.19% | 0.54x | 1.49x | $-773.44 Million |
Industry Comparison
This section compares So-Young International Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $363,436,353
- Average return on equity (ROE) among peers: -160.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| So-Young International Inc (SY) | $1.79 Billion | -85.07% | 0.48x | $252.11 Million |
| Aclarion Inc (ACON) | $2.23 Million | -317.55% | 0.31x | $1.99 Million |
| American Well Corp (AMWL) | $480.19 Million | -140.60% | 0.23x | $90.87 Million |
| Heartbeam Inc (BEAT) | $-26.87 Million | 0.00% | 0.00x | $30.38 Million |
| Bullfrog AI Holdings, Inc. Common Stock (BFRG) | $-3.06 Million | 0.00% | 0.00x | $6.51 Million |
| BrightSpring Health Services, Inc. Common Stock (BTSG) | $612.55 Million | -25.24% | 8.03x | $8.82 Billion |
| Carlsmed, Inc. Common Stock (CARL) | $-70.63 Million | 0.00% | 0.00x | $253.42 Million |
| CareCloud Inc. (CCLD) | $101.25 Million | -8.70% | 0.36x | $117.28 Million |
| Certara Inc (CERT) | $492.05 Million | -1.81% | 1.11x | $983.48 Million |
| CareMax Inc (CMAX) | $61.44 Million | -1112.15% | 9.14x | $381.50 |
| Claritev Corporation (CTEV) | $1.99 Billion | 0.49% | 3.21x | $277.75 Million |
About So-Young International Inc
So-Young International Inc. operates an online platform for consumption healthcare services in the People's Republic of China. The company offers So-Young Mobile App that offers users access to medical aesthetic knowledge, community support and reservation options for treatment with medical professionals, and medical aesthetic institutions; Weixin mini program to explore treatment options, check … Read more