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Glonghui, April 30 – On the evening of April 29, Yatsen (NYSE: YSG) released its 2025 annual results report. According to the announcement, revenue for the full year 2025 reached 4.3 billion yuan, a year-on-year increase of 26.7%, with a gross margin of 78.2%, up 1.1 percentage points from the previous year; Non-GAAP net profit achieved a historic breakthrough, reaching 8.4 million yuan, marking the first annual Non-GAAP profit since the company went public. Among the segments, the skincare business showed strong development momentum, with net income surging 63.5% year-on-year to 2.28 billion yuan, accounting for 53.0% of the total annual net income. This demonstrates that Yatsen has established a high-quality dual-engine growth model driven by both skincare and makeup businesses, providing a stronger foundation for resilient future growth.Meanwhile, the company remains committed to its R&D-driven strategy and continues to increase investment in scientific research. R&D investment in 2025 reached 140 million yuan, up 25.6% year-on-year, with the R&D expense ratio remaining above 3% for four consecutive years, placing it in the first tier of the global beauty industry. Since its founding, the company's cumulative investment in R&D has approached 700 million yuan. By the end of 2025, Yatsen had filed a total of 269 patents globally, including 84 invention patents and 72 authorized invention patents, steadily progressing toward its goal of becoming a “world-class beauty innovation leader.”It is reported that Yatsen has ranked for several consecutive years on the WWD list of Top 100 Global Beauty Companies, maintaining 67th place globally and 7th among Chinese beauty companies in 2025, with brand momentum steadily rising.

ChainCatcher reports that the underlying blockchain protocol project IOTA has announced the completion of a major consensus upgrade, with the IOTA mainnet switching from Mysticeti to Starfish.

Qualcomm April 30th｜Qualcomm surged nearly 14% in after-hours trading, priced at $177.51. Qualcomm’s latest first-quarter earnings were strong, with revenue falling 3% year-on-year to $10.6 billion, matching analyst expectations; adjusted earnings per share were $2.65, slightly above the consensus estimate of $2.56. Qualcomm expects current quarter revenue to be between $9.2 billion and $10 billion, while market forecasts are $10.2 billion; expected earnings per share are $2.1–$2.3, compared to a market prediction of $2.42.Although second-quarter guidance fell short of expectations, Qualcomm released two major positive signals with its earnings report: progress in its data center business and expectations that the Chinese smartphone market will bottom out in the third quarter and resume quarter-over-quarter growth, boosting investor confidence.Qualcomm announced that a leading hyperscale cloud service operator is expected to begin adopting its chip products later this year, marking a key breakthrough in the company’s entry into the data center market. Market analysts believe this is also an important development for Qualcomm’s entry into the AI infrastructure growth sector currently dominated by a certain exchange. Qualcomm CEO Cristiano Amon said the company is tackling a “challenging storage environment,” but the progress in the data center market is encouraging. Last year, Qualcomm launched products targeting chips deployed in a certain exchange’s data centers, and its first customer will be the Saudi government-backed AI startup Humain.Beyond advances in the data center business, Qualcomm also anticipates that the Chinese smartphone industry will bottom out in the third quarter and return to sequential growth in the following quarter. China is one of Qualcomm’s largest markets, and this judgment is considered a significant positive signal for the prospects of the company’s mobile phone business.