Yunji Inc. (NASDAQ:YJ) Q2 2021 Earnings Conference Call August 26, 2021 7:00 AM ET Company Participants Shanglue Xiao - Chairman and CEO Chengqi Zhang - Vice President, Finance Kaye Liu - Investor Relations Director Conference Call Participants Operator Good morning, and good evening, ladies and gentlemen. Thank you. And welcome to Yunji’s Second Quarter 2021 Earnings Conference Call. With us today are Mr. Shanglue Xiao, Chairman and Chief Executive Officer; Chengqi Zhang, Vice President of Finance; and Ms. ...

Yunji Inc. (NASDAQ:YJ) Q1 2021 Earnings Conference Call May 27, 2021 7:00 AM ET Company Participants Kaye Liu - Investor Relations Director Shanglue Xiao - Chairman & Chief Executive Officer Chengqi Zhang - Vice President, Finance Conference Call Participants Operator Good morning and good evening ladies and gentlemen. Thank you and welcome to Yunji's First Quarter 2021 Earnings Conference Call. With us today are Mr. Shanglue Xiao, Chairman and Chief Executive Officer; Chengqi Zhang, Vice President of Finan ...

Yunji, Inc. (NASDAQ:YJ) Q4 2020 Earnings Conference Call March 22, 2021 7:00 AM ET Company Participants Kaye Liu - IR Director Shanglue Xiao - Founder, Chairman & CEO Chengqi Zhang - VP, Finance Conference Call Participants Operator Ladies and gentlemen, that does conclude your conference for today. Thank you for participating. You may all disconnect now. Thank you. Good morning, and good evening, ladies and gentlemen. Thank you, and welcome to Yunji's Fourth Quarter 2020 Earnings Conference Call. With us ...

Yunji Inc. (NASDAQ:YJ) Q3 2020 Earnings Conference Call November 26, 2020 7:00 AM ET Company Participants Kaye Liu - IRD Shanglue Xiao - Chairman and CEO Chen Chen - CFO Operator Good morning, and good evening, ladies and gentlemen. Thank you, and welcome to Yunji's Third Quarter 2020 Earnings Conference Call. With us today are Mr. Shanglue Xiao, Chairman and Chief Executive Officer; Mr. Chen Chen, Chief Financial Officer; Mr. Hui Ma, Chief Strategy Officer and Chief People Officer; Mr. Chengqi Zhang, Vice ...

Yunji Inc. (NASDAQ:YJ) Q2 2020 Earnings Conference Call August 25, 2020 7:30 AM ET Company Participants Kaye Liu - IRD of Yunji Shanglue Xiao - Chairman and Chief Executive Officer Chen Chen - Chief Financial Officer Conference Call Participants Ivy Liu - Credit Suisse Operator Good morning and good evening, ladies and gentlemen. Thank you and welcome to Yunji’s Second Quarter 2020 Earnings Conference Call. With us today are Mr. Shanglue Xiao, Chairman and Chief Executive Officer; Mr. Chen Chen, Chief Fina ...

Yunji Inc. (NASDAQ:YJ) Q1 2020 Earnings Conference Call June 3, 2020 7:30 AM ET Company Participants Kaye Liu – Investor Relations Director Shanglue Xiao – Chairman and Chief Executive Officer Chen Chen – Chief Financial Officer Conference Call Participants Andre Chang – JPMorgan Operator Good morning, and good evening, ladies and gentlemen. Thank you, and welcome to Yunji’s First Quarter 2020 Earnings Conference Call. With us today are Mr. Shanglue Xiao, Chairman and Chief Executive Officer; Mr. Chen Chen, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Yunji Inc. (NASDAQ:YJ) Q4 2019 Earnings Conference Call March 24, 2020 7:30 AM ET Company Participants Kaye Liu - IR Director Shanglue Xiao - Founder, Chairman and CEO Chen Chen - CFO and Compliance Officer Hui Ma - Chief Strategy Officer and Chief People Officer Conference Call Participants Andre Chang - JPMorgan Ivy Liu - Credit Suisse Operator Good morning, and good evening, ladies and gentlemen. Thank you, and welcome to Yunji's Fourth Quarter and Full-Year 2019 Earnings Conference Call. At this time, a ...

Financial Data and Key Metrics Changes - In Q3 2019, the company's GMV increased by 69.8% year-over-year to RMB 9.2 billion, while total revenue was RMB 2.77 billion, down from RMB 3.08 billion in the same period of 2018 [5][19] - The adjusted net loss decreased by 37.7% to RMB 24.9 million from RMB 39.9 million in the prior year period [5][23] - Gross profit margin expanded to 17.8% from 16.8% in the prior year period, attributed to improvements in subsidy allocation and product offerings [21] Business Line Data and Key Metrics Changes - Revenues from net sales of merchandise were RMB 2.47 billion, accounting for 89.1% of total revenue, while revenues from the marketplace business were RMB 86.3 million, compared to nil in the same period of 2018 [20] - Revenues from the membership program increased by 16.3% to RMB 206.7 million [21] Market Data and Key Metrics Changes - The cumulative membership increased by 14.2% to 12.3 million from 10.8 million as of June 30, 2019 [5] - The total number of transacting members increased by 122.7% year-over-year [5] Company Strategy and Development Direction - The company is focusing on three competitive strategies: sustainable growth with stable profitability, building competitive differentiation through effective merchandising, and providing value propositions through personalization [5][6] - The company aims to collaborate with high-end manufacturers to cater to the rising middle-income consumer segment in China [6][7] - The shift towards a marketplace business model is intended to improve operational efficiency and reduce costs [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability during the Double Eleven campaign and anticipates a decline in operating expenses in Q4 2019 [9][23] - The company plans to leverage its cash position to convert more users into members and enhance brand equity [24] Other Important Information - The company has a total of RMB 2.3 billion in cash and cash equivalents as of September 30, 2019 [24] - The company is focused on balancing sales between the marketplace and merchandise sales platforms to drive long-term profitability [24] Q&A Session Summary Question: Will 3P GMV continue to expand in terms of the contribution ratio? - Management does not set specific expectations for GMV allocation between 1P and 3P models but aims for a balanced approach in 2020 [28][29] Question: What are the strategies for member growth? - The company will continue using current online and offline strategies for member acquisition, emphasizing offline promotions to enhance member engagement [30] Question: Why was the gross margin in Q3 lower than Q2? - The lower gross margin in Q3 is typical and expected to improve in Q4 as the company introduces more emerging brands and educates the market [32][33]