The total revenue of New Oxygen in the first quarter was 310 million yuan, a year-on-year increase of 3.2%

On May 22nd, New Oxygen Technology (NASDAQ stock code: SY) released its unaudited financial results for the first quarter. Data shows that in the first quarter of 2023, New Oxygen's revenue increased by 3

On May 22nd, New Oxygen Technology (NASDAQ stock code: SY) released its unaudited financial results for the first quarter. Data shows that in the first quarter of 2023, New Oxygen's revenue increased by 3.2% year-on-year to 310.1 million yuan, while its non Gaap net loss of 2.8 million yuan significantly narrowed year-on-year. The average monthly active mobile users were 3.4 million, and the number of medical service providers was 1419.

The data shows that the average monthly active mobile users are 3.4 million. The number of paid users reached 148000, a year-on-year increase of 23.2%.

Jin Xing, Chairman and CEO of New Oxygen Group, said, "At the beginning of 2023, medical beauty institutions gradually regained vitality. Since announcing the transformation from medical beauty e-commerce platforms to industrial internet platforms, New Oxygen has continued to deepen its platform, supply chain, and innovative business, building a competitive moat, and achieving positive revenue growth in the first quarter

In Q1 2023, the number of new oxygen paid users reached 148000, a year-on-year increase of 23.2%. The order volume for non surgical projects in Q1 increased by 27.8%, promoting the return of non surgical medical beauty projects to the growth track.

Data shows that as of the first quarter of 2023, Youxiang's business has covered 25 cities and 130 institutions. Among them, the number of cancelled orders increased by 88% compared to Q4 2022.

Venus stated that in the second quarter, the promotion and investment of new oxygen by institutions were significantly better than the average level in the first quarter, and the number of online orders placed by users also accelerated. This year, we will continue to focus on developing a one-stop self operated solution for light medical beauty, New Oxygen Youxiang, and continuously expand our service scope. After its launch, New Oxygen Youxiang has gained the favor of many consumers, and institutions have shown a very positive attitude, demonstrating good growth potential. As of the end of the first quarter, we have already cooperated with more than 130 institutions in over 25 cities. In the short to medium term, our goal is to expand the number of cooperative institutional outlets Consolidate the brand and advantages in the domestic non manual (non surgical treatment) market

According to data, in Q1 2023, the new oxygen platform intercepted a total of 54527 suspected medical beauty product applications, 2283 suspected doctor applications, 2339 suspected institution applications, and 37425 suspected community applications. (One Orange)