5 Chinese Stocks at Risk as Orders Drop

2. Yatsen Holding Limited (NYSE:YSG)

Number of Hedge Fund Holders: 7    

Yatsen Holding Limited (NYSE:YSG) makes and sells personal care products. It is based in Guangzhou. Most of these are beauty products and include color cosmetics, eye makeup, lip makeup, face makeup, skincare, nail products, and makeup tools and accessories. The firm went public in the US in late 2020 and raised over $617 million at an initial offering, valuing it at over $7.8 billion. Some of the brands that the company owns include Perfect Diary, Little Ondine, and Abby’s Choice. The three brands served over 23 million customers when the firm went public. Recession fears in the US are likely to weigh on the sales of the firm in the country in the coming months. 

On May 24, Yatsen Holding Limited (NYSE:YSG) posted earnings for the first quarter of 2022, reporting losses per share of $0.04 and a revenue of more than $140 million, down close to 36% compared to the revenue over the same period last year. 

At the end of the second quarter of 2022, 7 hedge funds in the database of Insider Monkey held stakes worth $74 million in Yatsen Holding Limited (NYSE:YSG), compared to 13 in the previous quarter worth $36 million.