# EDGAR Filing Document

**Accession Number:** 0001819580
**File Stem:** 0000000000-25-007077
**Filing Date:** 2025-7
**Character Count:** 3815
**Document Hash:** 81dfd3d97b2f070dea3d3bb067a78b91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007077.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0000000000-25-007077

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250703

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yatsen Holding Ltd
- **CENTRAL INDEX KEY:** 0001819580
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-39703

**BUSINESS ADDRESS:**
- **STREET 1:** 32-35, 38/F, POLY MIDTOWN PLAZA
- **STREET 2:** NO.23 EAST XUANYUE STREET
- **CITY:** GUANGZHOU
- **STATE:** F4
- **ZIP:** 510330
- **BUSINESS PHONE:** 86 20 38373543

**MAIL ADDRESS:**
- **STREET 1:** 32-35, 38/F, POLY MIDTOWN PLAZA
- **STREET 2:** NO.23 EAST XUANYUE STREET
- **CITY:** GUANGZHOU
- **STATE:** F4
- **ZIP:** 510330
**PUBLIC REFERENCE ACCESSION NUMBER**: 0000950170-25-056464

## Text-Extract

```

                                                             July 3, 2025

Donghao Yang
Chief Financial Officer
Yatsen Holding Limited
Floor 39, Poly Development Plaza
No. 832 Yue Jiang Zhong Road, Haizhu District
Guangzhou, 510335
People   s Republic of China

       Re: Yatsen Holding Limited
           Form 20-F for Fiscal Year Ended December 31, 2024
           File No. 001-39703
Dear Donghao Yang:

       We have reviewed your filing and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Form 20-F filed April 22, 2025
Note 1, page F-14

1.     Your disclosure here reports a 100% beneficial ownership interest in the
VIE whereas
       your disclosure on page 5 indicates that the VIE is 100% owned by two
individuals.
       Please expand your disclosure on page F-14 to distinguish between your
controlling
       interest and your actual ownership interest.
Note 8, page F-32

2.     We note that your equity method investments comprise over 16% of your
total assets.
       Please explain to us why your equity in Income from equity method
investments
       balance on page F-7 has decreased substantially even though your
disclosure on page
       F-33 reports increases in the revenues and income of these investees.
Please also
       clarify for us whether you have received any dividends from these
investees. For each
       of the equity investees referenced in footnotes (a) and (b), please
describe in detail the
       objective evidence you considered in concluding that no impairment
charges were
 July 3, 2025
Page 2

       required in 2024.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Please contact Tayyaba Shafique at 202-551-2110 or Al Pavot at
202-551-3738 if you
have questions regarding comments on the financial statements and related
matters.

                                                         Sincerely,

                                                         Division of
Corporation Finance
                                                         Office of Industrial
Applications and
                                                         Services

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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