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Yunji Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results
YJYunji(YJ) Prnewswire·2025-04-21 09:00

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 (US13.3million),adecreasefromRMB149.1millioninQ42023,attributedtosoftconsumerconfidenceandarefinedproductselectionstrategy[3][10].−TherepeatpurchaserateforthetwelvemonthsendedDecember31,2024,was71.9 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 (US17.3million)fromRMB109.8millioninQ42023[5].FiscalYear2024FinancialResults−Totalrevenuesforthefiscalyear2024wereRMB417.7million(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 (US28.9million)fromRMB332.8millionin2023[9].−TotaloperatingexpensesfortheyearwereRMB349.2million(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 (US10.6million),comparedtoRMB39.5millioninQ42023[6].−NetlossforQ42024wasRMB85.0million(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 (US16.9million),animprovementfromRMB165.1millionin2023[15].AdjustedNetLoss−AdjustednetlossforQ42024wasRMB84.5million(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 (US16.5million),downfromRMB166.0millionin2023[16].CostStructureOptimization−Thecompanyoptimizeditscoststructurebyrefiningstaffandsignificantlyreducingfulfillmentandtechnologyexpensesyear−over−year[2].−Fulfillmentexpensesdecreasedby33.9 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].