Yatsen Holding Limited announced earnings guidance for the fourth quarter of 2021, the Company expects its total net revenues to be between RMB 1.57 billion and RMB 1.67 billion, representing a year-over-year decline of approximately 15% to 20%, primarily due to the prior year period's high comparison basis and softer-than-expected industry-wide color cosmetics sales. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to change.