The financial report is not bad. Even if the economy is declining, the middle and low end of the economy is still strong.
$Yatsen (YSG.US)$ However, being slashed by a certain Duoduo is also tragic. It is suggested that the USA ban a certain Duoduo, and China imposes a penalty of several billion yuan on a certain Duoduo for violating the 315 regulations. Selling garbage and disrupting the market order. Even Buffett has started to lay out in the cosmetics industry. But now, both the profit and revenue are not very meaningful, you know the overall environment. Hold on and see.
Whether the transformation can be successful, many times it depends on the customers you need to cultivate. From 16 to 18 year old girls, to 24 year old...
Just because they have purchasing power. We'll talk about it later. And smart women dress more seriously when the economy is bad. For example, wearing a short skirt and showing legs in the summer is nothing. Wearing a short skirt and bare legs in winter is a weapon, especially for beautiful legs, it's explosive.
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