The financial report is not bad. Even if the economy is declining, the mid-to-low-end economy is still strong.
$Yatsen (YSG.US)$ However, being cut by a certain DuoDuo is also tragic. It is suggested that the usa ban certain DuoDuo, and china fines certain DuoDuo hundreds of billions on March 15. Selling garbage, disrupting the market order. Even Buffett has started to layout cosmetics. But now, both profit and revenue are not that meaningful, you know the overall situation. Hold on and see.
Whether successful transformation can be achieved, many times depend on the customers. From 16 to 18-year-old girls, to 24-year-olds.Just because you have purchasing power. We'll talk about it later. Moreover, intelligent women tend to dress more carefully when the economy is bad. For example, wearing skirts to show off legs in the summer is no big deal. Wearing a skirt with bare legs in the winter is like magic, especially for those with beautiful legs, it's super attractive.
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