Workflow
Yunji Announces First Half 2025 Unaudited Financial Results
YunjiYunji(US:YJ) Prnewswireยท2025-08-21 10:00

Core Viewpoint - Yunji Inc. is undergoing a strategic transformation towards organic living, focusing on high-margin and high-retention categories while optimizing its cost structure and capital allocation to improve profitability and support sustainable growth [2][3]. Financial Performance - Total revenues for the first half of 2025 were RMB158.3 million (US$22.1 million), a decrease from RMB233.8 million in the same period of 2024, attributed to soft consumer confidence and a refined product selection strategy [3][6]. - Revenues from merchandise sales were RMB131.7 million (US$18.4 million), down from RMB185.0 million in the same period of 2024 [7]. - Total cost of revenues decreased by 31.2% to RMB83.5 million (US$11.7 million), representing 52.7% of total revenues, compared to 51.9% in the same period of 2024 [4]. - Total operating expenses increased by 20.3% to RMB179.4 million (US$25.0 million) from RMB149.1 million in the same period of 2024 [5]. - Loss from operations was RMB100.4 million (US$14.0 million), compared to RMB32.4 million in the same period of 2024 [9]. - Net loss was RMB100.7 million (US$14.1 million), compared to RMB8.0 million in the same period of 2024 [10]. Cost Structure and Expenses - Fulfillment expenses decreased by 51.7% to RMB20.6 million (US$2.9 million), or 13.0% of total revenues, from RMB42.6 million, or 18.2% of total revenues, in the same period of 2024 [8]. - Sales and marketing expenses increased by 5.5% to RMB50.1 million (US$7.0 million), or 31.6% of total revenues, from RMB47.5 million, or 20.3% of total revenues, in the same period of 2024 [8]. - General and administrative expenses surged by 178.6% to RMB93.4 million (US$13.0 million), or 59.0% of total revenues, from RMB33.5 million, or 14.3% of total revenues, in the same period of 2024 [9]. Membership and Customer Engagement - The repeat purchase rate for the twelve months ended June 30, 2025, was 71.0%, indicating strong customer retention [6]. Balance Sheet Overview - As of June 30, 2025, total assets were RMB1,223.98 million (US$170.86 million), down from RMB1,352.45 million as of December 31, 2024 [21][24]. - Current liabilities decreased to RMB233.88 million (US$32.65 million) from RMB262.24 million [23]. Strategic Initiatives - The company is focusing on expanding user acquisition through both online and offline channels to enhance customer engagement and deliver greater value to members [2]. - Yunji is committed to maintaining financial discipline while driving improved profitability and supporting long-term sustainable growth [2].