Core Viewpoint - Yunji Inc. is repositioning itself as a leading platform for organic health products, focusing on high-margin categories and aiming to transform into an experiential health and wellness destination in 2025 [2][3]. Fourth Quarter 2024 Highlights - Total revenues for Q4 2024 were RMB 97.1 million (US$ 13.3 million), a decrease from RMB 149.1 million in Q4 2023, attributed to soft consumer confidence and a refined product selection strategy [3][10]. - The repeat purchase rate for the twelve months ended December 31, 2024, was 71.9% [10]. - Total cost of revenues decreased by 36.9% to RMB 50.2 million (US$ 6.9 million), representing 51.7% of total revenues, down from 53.4% in the same period of 2023 [4]. - Total operating expenses increased by 14.9% to RMB 126.2 million (US$ 17.3 million) from RMB 109.8 million in Q4 2023 [5]. Fiscal Year 2024 Financial Results - Total revenues for the fiscal year 2024 were RMB 417.7 million (US$ 57.2 million), down from RMB 640.2 million in 2023 [8]. - Total cost of revenues decreased by 36.5% to RMB 211.3 million (US$ 28.9 million) from RMB 332.8 million in 2023 [9]. - Total operating expenses for the year were RMB 349.2 million (US$ 47.8 million), compared to RMB 403.0 million in 2023 [9]. Loss Metrics - Loss from operations for Q4 2024 was RMB 77.7 million (US$ 10.6 million), compared to RMB 39.5 million in Q4 2023 [6]. - Net loss for Q4 2024 was RMB 85.0 million (US$ 11.7 million), compared to RMB 65.9 million in the same period of 2023 [6]. - For the fiscal year 2024, net loss was RMB 123.1 million (US$ 16.9 million), an improvement from RMB 165.1 million in 2023 [15]. Adjusted Net Loss - Adjusted net loss for Q4 2024 was RMB 84.5 million (US$ 11.6 million), compared to RMB 65.0 million in Q4 2023 [7]. - For the fiscal year 2024, adjusted net loss was RMB 120.7 million (US$ 16.5 million), down from RMB 166.0 million in 2023 [16]. Cost Structure Optimization - The company optimized its cost structure by refining staff and significantly reducing fulfillment and technology expenses year-over-year [2]. - Fulfillment expenses decreased by 33.9% to RMB 16.4 million (US$ 2.3 million) in Q4 2024 [11]. - General and administrative expenses increased by 59.8% to RMB 71.1 million (US$ 9.7 million) in Q4 2024, primarily due to increased severance pay and impairment of long-lived assets [11].

Company Overview - Yunji Inc. is a leading membership-based social e-commerce platform in China, leveraging social interactions to enhance its business model [3] - The platform offers high-quality products at attractive prices across various categories, catering to the daily needs of Chinese consumers [3] - The company utilizes advanced technologies such as big data and artificial intelligence to optimize user experience and incentivize members to promote the platform [3] Upcoming Financial Results - Yunji plans to release its fourth quarter and full year 2024 financial results before the market opens on April 21, 2025 [1] - A conference call will be held on the same day at 7:30 A.M. Eastern Time to discuss the earnings [2] - The earnings release and conference call details will be accessible on the company's investor relations website [1][2]

Yunji Inc. (NASDAQ:YJ) Q3 2024 Earnings Conference Call November 21, 2024 6:30 AM ET Company Participants Kaye Liu - Investor Relations Director Shanglue Xiao - Chairman & Chief Executive Officer Yeqing Cui - Senior Financial Director Conference Call Participants Ethan Yu - First Trust Operator Good evening, ladies and gentlemen. Thank you for standing by, and welcome to Yunji's Third Quarter 2024 Earnings Conference Call. With us today are Ms. Shanglue Xiao, Chairman and Chief Executive Officer; Mr. Yeqing ...

HANGZHOU, China, Nov. 21, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the third quarter ended September 30, 2024[1]. Third Quarter 2024 Highlights Total revenues in the third quarter of 2024 were RMB86.6 million (US$12.4 million), compared with RMB145.1 million in the same period of 2023. The change was primarily due to soft consumer confidence and the Company's continued s ...

HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to release its third quarter financial results before the market opens on Thursday, November 21, 2024. The earnings release will be available on the Company's investor relations website at https://investor.yunjiglobal.com/. The Company will hold a conference call on Thursday, November 21, 2024 at 6:30 A.M. Eastern Time or 7:30 ...

Core Viewpoint - Yunji Inc. has regained compliance with Nasdaq Listing Rule 5450(a)(2) after meeting the minimum bid price requirement for its American Depositary Shares (ADSs) [1][3]. Group 1: Compliance Notification - On September 27, 2024, Yunji received a Compliance Notice from Nasdaq indicating that it has regained compliance with the minimum bid price requirement [1]. - The Company had previously been notified on October 5, 2023, that it was not in compliance with Nasdaq Listing Rule 5450(a)(1) due to the closing bid price of its ADSs being below US$1.00 for 30 consecutive business days [2]. - Following the notification, Yunji applied to transfer its ADS listing from the Nasdaq Global Market to the Nasdaq Capital Market, which granted an additional 180 days to regain compliance [2]. Group 2: Compliance Achievement - The closing bid price of Yunji's ADSs was at or above US$1.00 for 10 consecutive business days from September 13, 2024, to September 26, 2024, fulfilling the compliance requirement [3]. Group 3: Company Overview - Yunji Inc. is a leading social e-commerce platform in China, utilizing a membership-based model to enhance social interactions and provide high-quality products at competitive prices [4]. - The Company employs advanced technologies such as big data and artificial intelligence to improve user experience and encourage member engagement [4]. - Yunji focuses on product curation, centralized sourcing, and efficient supply chain management to establish itself as a reliable e-commerce platform with exclusive membership benefits [4].

HANGZHOU, China, Sept. 11, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.000005 per share, from the current ADS Ratio of one (1) ADSs to one hundred (100) Class A ordinary shares to a new ADS Ratio of one (1) ADS to four hundred (400) Class A ordinary shares. A post-effec ...

Yunji Inc. (NASDAQ:YJ) Q2 2024 Earnings Conference Call August 23, 2024 7:30 AM ET Company Participants Kaye Liu - Investor Relations Director Shanglue Xiao - Chairman and Chief Executive Officer Yeqing Cui - Senior Financial Director Conference Call Participants Ethan Yu - First Trust Group Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by and welcome to Yunji's Second Quarter 2024 Earnings Conference Call. With us today are Mr. Shanglue Xiao, Chairman and Chief Execu ...

HANGZHOU, China, Aug. 23, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the second quarter ended June 30, 2024[1]. Second Quarter 2024 Highlights Total revenues in the second quarter of 2024 were RMB106.0 million (US$14.6 million), compared with RMB167.1 million in the same period of 2023. The change was primarily due to soft consumer confidence and the Company's continued st ...

HANGZHOU, China, Aug. 15, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to release its second quarter financial results before the market opens on Friday, August 23, 2024. The earnings release will be available on the Company's investor relations website at https://investor.yunjiglobal.com/.The Company will hold a conference call on Friday, August 23, 2024 at 7:30 A.M. Eastern Time or 7:30 P.M. Be ...