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    Yunji Announces Second Quarter 2023 Unaudited Financial Results

    8/24/23 6:00:00 AM ET
    $YJ
    Other Specialty Stores
    Consumer Discretionary
    Get the next $YJ alert in real time by email

    HANGZHOU, China, Aug. 24, 2023 /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, 2023[1].

    Second Quarter 2023 Highlights

    • Total revenues in the second quarter of 2023 were RMB167.1 million (US$23.0 million), compared with RMB284.0 million in the same period of 2022. The change was primarily due to the Company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had a near-term impact on sales. Furthermore, consumer spending habits continue to evolve, with a focus on value-for-money consumption scenarios.
    • Repeat purchase rate[2] in the twelve months ended June 30, 2023 was 80.0%.

    Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, "During the post-pandemic era, we have observed the development of a number of novel consumption opportunities. We are particularly excited about the synergistic interactions between the online and brick-and-mortar economies. Recognizing this emerging trend's potential, we are poised to seize the moment to further power the growth of our innovative private label products."

    "Utilizing our cash reserves, we are strategically optimizing asset allocation, prudently investing in new opportunities, and collaborating closely with our operational departments to capitalize on newly emerging trends," said Mr. Peng Zhang, Yunji's Vice President of Finance.

    Second Quarter 2023 Unaudited Financial Results

    Total revenues were RMB167.1 million (US$23.0 million), compared with RMB284.0 million in the same period of 2022. This change was primarily due to the Company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had a near-term impact on sales.

    • Revenues from sales of merchandise were RMB131.2 million (US$18.1 million), compared with RMB237.1 million in the same period of 2022.
    • Revenues from the marketplace business were RMB34.3 million (US$4.7 million), compared with RMB42.1 million in the same period of 2022.
    • Other revenues were RMB1.6 million (US$0.2 million), compared with RMB4.7 million in the same period of 2022.

    Total cost of revenues decreased by 52.1% to RMB80.8 million (US$11.1 million), or 48.4% of total revenues, from RMB168.8 million, or 59.4% of total revenues, in the same period of 2022. The decrease was mainly attributable to the change in merchandise sales, for which revenues and cost of revenues are recognized on a gross basis. Total cost of revenues, which mainly comprises of the costs related to the sales of merchandise, decreased accordingly in the second quarter of 2023.

    Total operating expenses decreased by 29.3% to RMB110.8 million (US$15.3 million) from RMB156.6 million in the same period of 2022.

    • Fulfillment expenses decreased by 30.6% to RMB29.9 million (US$4.1 million), or 17.9% of total revenues, from RMB43.1 million, or 15.2% of total revenues, in the same period of 2022. The decrease was primarily due to (i) reduced warehousing and logistics expenses due to lower merchandise sales, and (ii) reduced personnel costs as a result of staffing structure refinements.
    • Sales and marketing expenses decreased by 42.7% to RMB33.4 million (US$4.6 million), or 20.0% of total revenues, from RMB58.2 million, or 20.5% of total revenues, in the same period of 2022. The decrease was mainly due to (i) the reduction in personnel costs as a result of staffing structure refinements, (ii) a decrease in member management fees, and (iii) reduced business promotion expenses.
    • Technology and content expenses decreased by 39.6% to RMB14.3 million (US$2.0 million), or 8.5% of total revenues, from RMB23.6 million, or 8.3% of total revenues, in the same period of 2022. The decrease was mainly due to the reduction in personnel costs as a result of staffing structure refinements.
    • General and administrative expenses increased by 4.8% to RMB33.2 million (US$4.6 million), or 19.9% of total revenues, from RMB31.7 million, or 11.2% of total revenues, in the same period of 2022. The increase was mainly due to increased allowance for credit losses, partially offset by the reduction in personnel costs and share-based compensation as a result of staffing structure refinements.

    Loss from operations was RMB11.8 million (US$1.6 million), compared with RMB30.0 million in the same period of 2022.

    Financial loss, net was RMB12.7 million (US$1.8 million), compared with financial income, net of RMB12.3 million in the same period of 2022, primarily due to a decrease in the fair value changes of equity securities investments.

    Net loss was RMB41.5 million (US$5.7 million), compared with RMB25.0 million in the same period of 2022.

    Adjusted net loss (non-GAAP)[3] was RMB39.8 million (US$5.5 million), compared with RMB17.1 million in the same period of 2022.

    Basic and diluted net loss per share attributable to ordinary shareholders were both RMB0.02, compared with RMB0.01 in the same period of 2022.

    Changes in Management

    Mr. Peng Zhang, has resigned as Vice President of Finance of the Company for personal reasons, effective August 25, 2023. Mr. Yeqing Cui, the Financial Director of the Company, has been promoted as the Senior Financial Director of the Company, effective the same date as Mr. Zhang's resignation. Mr. Zhang will continue to serve as an advisor of the Company, helping to ensure Mr. Cui's smooth transition into his new role.

    Mr. Cui has extensive finance experience and has held various roles in the Company since joining Yunji in May 2018, including Audit Manager, Senior Finance Manager, Financial Director and Senior Finance Director. Prior to joining the Company, he worked at Deloitte Touche Tohmatsu Certified Public Accountants LLP for five years from October 2013 to January 2018. Mr. Cui received his bachelor's degree in economics from Shanghai University of International Business and Economics in 2013.

    Use of Non-GAAP Financial Measures

    In evaluating the business, the Company considers and uses adjusted net income/(loss) as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net income/(loss) as net income/(loss) excluding share-based compensation.

    The Company presents adjusted net income/(loss) because it is used by management to evaluate operating performance and formulate business plans. Adjusted net income/(loss) enables management to assess operating performance without considering the impact of share-based compensation recorded under ASC 718, "Compensation-Stock Compensation." The Company also believes that the use of this non-GAAP measure facilitates investors' assessment of operating performance.

    This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net income/(loss) is that it does not reflect all items of income and expense that affect the Company's operations. Share-based compensation has been and may continue to be incurred in Yunji's business and is not reflected in the presentation of adjusted net income/(loss). Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited.

    The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Yunji encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

    For more information on the non-GAAP financial measures, please see the table captioned "Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures" set forth at the end of this press release.

    Conference Call

    The Company will host a conference call on Thursday, August 24, 2023, at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers:

    International:

    1-412-902-4272

    United States Toll Free:

    1-888-346-8982

    Mainland China Toll Free:  

    4001-201203

    Hong Kong Toll Free:     

    800-905945

    Conference ID: 

    Yunji Inc.



    A telephone replay of the call will be available after the conclusion of the conference call for one week.

    Dial-in numbers for the replay are as follows:

    United States Toll Free      

    1-877-344-7529

    International

    1-412-317-0088

    Replay Access Code

    5884992



    Safe Harbor Statements

    This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. Among other things, the quotations from management in this announcement, as well as Yunji's strategic and operational plans, contain forward-looking statements. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Yunji's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji's growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China's e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China's e-commerce market; PRC governmental policies and regulations relating to Yunji's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.

    About Yunji Inc.

    Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company's e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

    For more information, please visit https://investor.yunjiglobal.com/ 

    Investor Relations Contact

    Yunji Inc.

    Investor Relations

    Email: [email protected]

    Phone: +1 (646) 224-6957

    ICR, LLC

    Robin Yang

    Email: [email protected]

    Phone: +1 (646) 224-6957

     

    YUNJI INC.  



    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (All amounts in thousands, except for share and per share data, unless otherwise noted)







    As of





    December 31,

    2022



    June 30,

    2023





    RMB



    RMB



    US$

    ASSETS













    Current Assets













    Cash and cash equivalents



    414,634



    430,706



    59,397

    Restricted cash



    42,109



    38,996



    5,378

    Short-term investments



    212,003



    116,031



    16,001

    Accounts receivable, net (Allowance for

    credit losses of RMB16,762 and

    RMB29,704, respectively)



    94,111



    74,098



    10,219

    Advance to suppliers



    32,738



    15,582



    2,149

    Inventories, net



    54,651



    44,532



    6,141

    Amounts due from related parties



    202



    1,651



    228

    Prepaid expenses and other current assets[4]

    (Allowance for credit losses of RMB
    14,510 and

    RMB9,852, respectively)



    362,065



    307,429



    42,395















    Total current assets



    1,212,513



    1,029,025



    141,908















    Non-current assets













    Property and equipment, net



    168,928



    174,346



    24,043

    Long-term investments



    414,325



    394,519



    54,407

    Operating lease right-of-use assets, net



    231



    115



    16

    Other non-current assets (Allowance for

    credit losses of RMB2,091 and

    RMB1,811, respectively)



    96,414



    94,275



    13,001















    Total non-current assets



    679,898



    663,255



    91,467















    Total assets



    1,892,411



    1,692,280



    233,375















     

    YUNJI INC.



    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

    (All amounts in thousands, except for share and per share data, unless otherwise noted)

     





    As of





    December 31,

    2022



    June 30,

    2023





    RMB



    RMB



    US$

    LIABILITIES AND SHAREHOLDERS'

    EQUITY

     













    Current Liabilities













    Accounts payable



    138,903



    94,658



    13,054

    Deferred revenue



    21,748



    11,296



    1,558

    Incentive payables to members[5]



    207,331



    161,817



    22,315

    Member management fees payable



    11,087



    8,041



    1,109

    Other payable and accrued liabilities



    145,527



    113,057



    15,590

    Amounts due to related parties



    10,608



    6,277



    866

    Operating lease liabilities - current



    1,162



    238



    33















    Total current liabilities



    536,366



    395,384



    54,525















    Non-current liabilities













    Operating lease liabilities



    145



    -



    -















    Total non-current liabilities



    145



    -



    -















    Total Liabilities



    536,511



    395,384



    54,525

     

    YUNJI INC.



    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

    (All amounts in thousands, except for share and per share data, unless otherwise noted)







    As of





    December 31,

    2022



    June 30,

    2023





    RMB



    RMB



    US$















    Shareholders' equity













    Ordinary shares



    70



    70



    10

    Less: Treasury stock



    (98,709)



    (116,258)



    (16,033)

    Additional paid-in capital



    7,333,144



    7,327,104



    1,010,454

    Statutory reserve



    16,078



    16,078



    2,217

    Accumulated other comprehensive income



    63,113



    92,169



    12,711

    Accumulated deficit



    (5,958,666)



    (6,023,137)



    (830,629)

    Total Yunji Inc. shareholders' equity



    1,355,030



    1,296,026



    178,730

    Non-controlling interests



    870



    870



    120

    Total shareholders' equity



    1,355,900



    1,296,896



    178,850

    Total liabilities and shareholders' equity



    1,892,411



    1,692,280



    233,375

     

     

    YUNJI INC.



    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME

     (All amounts in thousands, except for share and per share data, unless otherwise noted)







    For the Three Months Ended



    For the Six Months Ended





    June 30,

    2022



    June 30,

    2023



    June 30,

    2022



    June 30,

    2023





    RMB



    RMB



    US$



    RMB



    RMB



    US$

    Revenues:

























      Sales of merchandise, net



    237,135



    131,231



    18,098



    527,590



    274,189



    37,812

      Marketplace revenue



    42,140



    34,269



    4,726



    89,566



    67,226



    9,271

      Other revenues



    4,676



    1,629



    225



    9,374



    4,458



    614

    Total revenues



    283,951



    167,129



    23,049



    626,530



    345,873



    47,697

    Operating cost and expenses:

























      Cost of revenues



    (168,758)



    (80,831)



    (11,147)



    (360,075)



    (174,293)



    (24,036)

      Fulfilment



    (43,067)



    (29,888)



    (4,122)



    (91,981)



    (57,006)



    (7,862)

      Sales and marketing



    (58,193)



    (33,368)



    (4,602)



    (108,843)



    (62,953)



    (8,682)

      Technology and content



    (23,612)



    (14,253)



    (1,966)



    (47,752)



    (27,605)



    (3,807)

      General and administrative



    (31,714)



    (33,244)



    (4,585)



    (62,937)



    (48,416)



    (6,677)

    Total operating cost and expenses



    (325,344)



    (191,584)



    (26,422)



    (671,588)



    (370,273)



    (51,064)

      Other operating income



    11,417



    12,668



    1,747



    17,526



    13,577



    1,872

    Loss from operations



    (29,976)



    (11,787)



    (1,626)



    (27,532)



    (10,823)



    (1,495)

      Financial income/(loss) net



    12,259



    (12,723)



    (1,755)



    (23,011)



    (34,915)



    (4,815)

      Foreign exchange loss, net



    (7,400)



    (9,741)



    (1,343)



    (7,713)



    (7,378)



    (1,017)

      Other non-operating income/(loss),

    net



    40



    (3,550)



    (489)



    2,063



    (3,064)



    (422)

    Loss before income tax expense, and

    equity in loss of affiliates, net of tax



    (25,077)



    (37,801)



    (5,213)



    (56,193)



    (56,180)



    (7,749)

      Income tax benefit/(expense)



    919



    (2,328)



    (321)



    (4,405)



    (5,407)



    (746)

      Equity in loss of affiliates, net of tax



    (874)



    (1,411)



    (195)



    (1,329)



    (2,886)



    (398)

    Net loss



    (25,032)



    (41,540)



    (5,729)



    (61,927)



    (64,473)



    (8,893)

    Less: net income /(loss) attributable to

    non-controlling interests shareholders



    183



    (1)



    -



    (216)



    (1)



    -

    Net loss attributable to YUNJI INC.



    (25,215)



    (41,539)



    (5,729)



    (61,711)



    (64,472)



    (8,893)

     

    YUNJI INC.



    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME

    (CONTINUED)

     (All amounts in thousands, except for share and per share data, unless otherwise noted)







    For the Three Months Ended



    For the Six Months Ended





    June 30,

    2022



    June 30,

    2023



    June 30,

    2022



    June 30,

    2023





    RMB



    RMB



    US$



    RMB



    RMB



    US$

    Net loss attributable to ordinary

    shareholders



    (25,215)



    (41,539)



    (5,729)



    (61,711)



    (64,472)



    (8,893)

    Net loss



    (25,032)



    (41,540)



    (5,729)



    (61,927)



    (64,473)



    (8,893)

    Other comprehensive income

























     Foreign currency translation

    adjustment



    53,036



    40,983



    5,652



    48,064



    29,056



    4,007

    Total comprehensive income/(loss)



    28,004



    (557)



    (77)



    (13,863)



    (35,417)



    (4,886)

    Less: total comprehensive income

    /(loss) attributable to non-

    controlling interests shareholders



    183



    (1)



    -



    (216)



    (1)



    -

    Total comprehensive income

    /(loss) attributable to YUNJI INC.



    27,821



    (556)



    (77)



    (13,647)



    (35,416)



    (4,886)

    Net loss attributable to ordinary

    shareholders



    (25,215)



    (41,539)



    (5,729)



    (61,711)



    (64,472)



    (8,893)

    Weighted average number of

    ordinary shares used in computing

    net loss per share, basic and diluted



    2,109,469,102



    1,966,698,843



    1,966,698,843



    2,128,400,114



    1,975,321,887



    1,975,321,887

    Net loss per share attributable to

    ordinary shareholders

























     Basic



    (0.01)



    (0.02)



    -



    (0.03)



    (0.03)



    -

     Diluted



    (0.01)



    (0.02)



    -



    (0.03)



    (0.03)



    -

     

    YUNJI INC.



    NOTES TO UNAUDITED FINANCIAL INFORMATION

    (All amounts in thousands, except for share and per share data, unless otherwise noted)









    For the Three Months Ended



    For the Six Months Ended





    June 30,

    2022



    June 30,

    2023



    June 30,

    2022



    June 30,

    2023





    RMB



    RMB



    US$



    RMB



    RMB



    US$

    Share-based compensation expenses included in:

























      Technology and content



    968



    682



    94



    2,164



    543



    75

      General and administrative



    6,621



    778



    107



    11,399



    63



    9

      Fulfillment



    212



    173



    24



    830



    (2,647)



    (365)

      Sales and marketing



    133



    62



    9



    (192)



    (569)



    (79)

    Total



    7,934



    1,695



    234



    14,201



    (2,610)



    (360)

     

    YUNJI INC.



    RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY COMPARABLE

    FINANCIAL MEASURES

    (All amounts in thousands, except for share and per share data, unless otherwise noted)















    For the Three Months Ended



    For the Six Months Ended





    June 30,

    2022



    June 30,

    2023



    June 30,

    2022



    June 30,

    2023





    RMB



    RMB



    US$



    RMB



    RMB



    US$

    Reconciliation of Net Loss to Adjusted Net Loss:

























     Net loss



    (25,032)



    (41,540)



    (5,729)



    (61,927)



    (64,473)



    (8,893)

     Add: Share-based compensation



    7,934



    1,695



    234



    14,201



    (2,610)



    (360)

     Adjusted net loss



    (17,098)



    (39,845)



    (5,495)



    (47,726)



    (67,083)



    (9,253)

     

    [1] This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of

    the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB7.2513 to US$1.00, the exchange rate in effect as of June

    30, 2023 as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System.

    [2] "Repeat purchase rate" in a given period is calculated as the number of transacting members who purchased not less than twice divided by the total

    number of transacting members during such period. "Transacting member" in a given period refers to a member who successfully promotes Yunji's

    products to generate at least one order or places at least one order on Yunji's platform, regardless of whether any product in such order is ultimately

    sold or delivered or whether any product in such order is returned.

    [3] Adjusted net loss is a non-GAAP financial measure, which is defined as net loss excluding share-based compensation expense. See "Reconciliation

    of Non-GAAP Measures to the Most Directly Comparable Financial Measures" set forth at the end of this press release.

    [4] As of June 30, 2023, Short-term loan receivables of amount RMB235,824 were included in the prepaid expenses and other current assets balance,

    which represent the principal and interest to be collected on loans provided by the Group to third-party companies.

    [5] As of June 30, 2023, the decrease in incentive payables was mainly due to derecognition of long-aged payables to inactive members.

     

    Cision View original content:https://www.prnewswire.com/news-releases/yunji-announces-second-quarter-2023-unaudited-financial-results-301909027.html

    SOURCE Yunji Inc.

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    SEC Form 6-K filed by Yunji Inc.

    6-K - Yunji Inc. (0001759614) (Filer)

    8/21/25 6:40:07 AM ET
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    SEC Form 6-K filed by Yunji Inc.

    6-K - Yunji Inc. (0001759614) (Filer)

    7/3/25 6:50:28 AM ET
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    SEC Form 6-K filed by Yunji Inc.

    6-K - Yunji Inc. (0001759614) (Filer)

    5/22/25 8:50:23 AM ET
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    Yunji Announces First Half 2025 Unaudited Financial Results

    HANGZHOU, China, Aug. 21, 2025 /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 half year ended June 30, 2025[1]. First Half 2025 Highlights Total revenues in the first half of 2025 were RMB158.3 million (US$22.1 million), compared with RMB233.8 million in the same period of 2024. The change was primarily due to soft consumer confidence and the Company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had an impact on sales.Repeat purchase rate[2] in the twelve months ended June

    8/21/25 6:00:00 AM ET
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    Yunji to Report 2025 Interim Financial Results on August 21, 2025

    HANGZHOU, China, Aug. 14, 2025 /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 unaudited interim financial results before the market opens on Thursday, August 21, 2025. 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, August 21, 2025 at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers: International: 1-412-902-4272 United States Toll Free: 1-888-346-8982

    8/14/25 6:30:00 AM ET
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    Yunji Announces Changes in Management

    HANGZHOU, China, July 3, 2025 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ:YJ), a leading membership-based social e-commerce platform, today announced that Mr. Yeqing Cui, has resigned as Senior Financial Director and finance in charge of the Company for personal reasons, effective July 3, 2025. The Company is grateful for Mr. Cui's valuable contribution to the Company during his term with the Company. In addition, the Company announced Ms. Nan Song, Senior Financial Director, will succeed Mr. Cui as finance in charge of the Company and report to Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, effective the same date as Mr. Cui's resignation. Ms. Song has

    7/3/25 6:30:00 AM ET
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    Yunji Announces First Half 2025 Unaudited Financial Results

    HANGZHOU, China, Aug. 21, 2025 /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 half year ended June 30, 2025[1]. First Half 2025 Highlights Total revenues in the first half of 2025 were RMB158.3 million (US$22.1 million), compared with RMB233.8 million in the same period of 2024. The change was primarily due to soft consumer confidence and the Company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had an impact on sales.Repeat purchase rate[2] in the twelve months ended June

    8/21/25 6:00:00 AM ET
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    Yunji to Report 2025 Interim Financial Results on August 21, 2025

    HANGZHOU, China, Aug. 14, 2025 /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 unaudited interim financial results before the market opens on Thursday, August 21, 2025. 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, August 21, 2025 at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers: International: 1-412-902-4272 United States Toll Free: 1-888-346-8982

    8/14/25 6:30:00 AM ET
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    Yunji Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

    HANGZHOU, China, April 21, 2025 /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 fourth quarter and fiscal year ended December 31, 2024[1]. Fourth Quarter 2024 Highlights Total revenues in the fourth quarter of 2024 were RMB97.1 million (US$13.3 million), compared with RMB149.1 million in the same period of 2023. The change was primarily due to soft consumer confidence and the Company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had a near-term impact on sales.Repeat purchas

    4/21/25 5:00:00 AM ET
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    Leadership Updates

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    Zhihu Inc. Announces Change of Independent Director

    BEIJING, May 27, 2025 (GLOBE NEWSWIRE) -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE:ZH, HKEX: 2390)), a leading online content community in China, today announced the appointment of Dr. Li-Lan Cheng as an independent director of the Company. Mr. Hanhui Sam Sun has resigned as an independent director of the Company, due to other professional endeavors. These changes are effective on May 27, 2025. For the committees under the board of directors, Dr. Li-Lan will serve as the chairman of the audit committee as well as a member of the compensation committee, nomination committee, and corporate governance committee. Dr. Li-Lan Cheng is currently an executive director and chief financial offic

    5/27/25 4:50:22 AM ET
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    Yunji Selects WWC, P.C. as its Independent Registered Public Accounting Firm

    HANGZHOU, China, May 22, 2025 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ:YJ), a leading membership-based social e-commerce platform, today announced that the Company's board of directors and the audit committee of the board approved the dismissal of PricewaterhouseCoopers Zhong Tian LLP ("PwC") as the Company's independent registered public accounting firm, effective May 22, 2025, and the appointment of WWC, P.C. ("WWC") as the Company's new independent registered public accounting firm for the fiscal year ending December 31, 2025, effective May 22, 2025. The reports of PwC on the Company's consolidated financial statements for the fiscal years ended December 31, 2024 and

    5/22/25 8:30:00 AM ET
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    Yunji Announces Appointment of New Independent Director

    HANGZHOU, China, Jan. 1, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ:YJ), a leading membership-based social e-commerce platform, today announced that Mr. Chen Chen has been appointed as an independent director of the Company and a member of the audit committee, compensation committee and nominating and corporate governance committee of the board of directors of the Company, effective January 1, 2024. Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, "We are delighted to welcome Mr. Chen Chen to continue contributing his expertise and industry insights to Yunji. We look forward to the increased innovation and possibilities that his presence b

    1/1/24 6:00:00 AM ET
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    Large Ownership Changes

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    SEC Form SC 13G filed by Yunji Inc.

    SC 13G - Yunji Inc. (0001759614) (Subject)

    8/12/24 9:18:26 AM ET
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    SEC Form SC 13G/A filed by Yunji Inc. (Amendment)

    SC 13G/A - Yunji Inc. (0001759614) (Subject)

    2/9/24 6:08:58 AM ET
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    SEC Form SC 13G filed by Yunji Inc.

    SC 13G - Yunji Inc. (0001759614) (Subject)

    2/5/24 9:42:51 PM ET
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