Yunji Stock Price, News & Analysis

Yunji Inc. (NASDAQ: YJ) announced the success of its New Year Festive Goods Shopping Festival, which concluded in December 2022. The event highlighted various flagship products, including healthcare and pandemic prevention items. Notably, Baiyueshan's freeze-dried sea buckthorn powder sold out in 10 hours, generating RMB20 million in sales. As COVID-19 restrictions eased, Yunji focused on providing affordable healthcare essentials like masks and disinfectants. The company aims to ensure a seamless shopping experience for users as the Lunar New Year approaches.

Yunji Inc. (NASDAQ: YJ) reported Q3 2022 revenues of RMB238.9 million (US$33.6 million), a significant decrease of 45.4% year-over-year, primarily due to reduced consumer spending and ongoing product refinement strategies. The gross margin improved to 49.4%, up from 43.2% in Q3 2021. The company recorded a net loss of RMB38.2 million (US$5.4 million) compared to a net income of RMB61.4 million the prior year. Despite these challenges, management emphasized a focus on cost control and operational efficiency moving forward.

Yunji Inc. (NASDAQ: YJ) will report its third quarter 2022 financial results on November 29, 2022, prior to market open. A conference call is scheduled for the same day at 7:00 A.M. Eastern Time for discussing the earnings. The results will be available on the Company's investor relations website. Yunji is recognized as a leader in social e-commerce in China, utilizing a membership-based model and advanced technologies to enhance user experiences.

Yunji Inc. (NASDAQ: YJ) announced its Q2 2022 financial results, reporting total revenues of RMB284.0 million (US$42.4 million), down 50% year-over-year, primarily due to COVID-19 impacts. The company’s gross margin improved to 40.6% from 35.1% a year ago. A net loss of RMB25.0 million (US$3.7 million) contrasts with net income of RMB17.0 million in Q2 2021. Despite challenges, Yunji's repeat purchase rate stood at 79.0%. The board extended a $20 million share repurchase program, reflecting confidence in financial resilience and commitment to shareholder value.

Yunji Inc. (NASDAQ: YJ), a prominent social e-commerce platform in China, will announce its second quarter 2022 financial results on August 25, 2022, before market opening. A conference call is scheduled for the same day at 7:30 A.M. ET to discuss the earnings. Investors can access the call using various toll-free numbers. Yunji emphasizes a unique, membership-based model offering attractive products while leveraging technologies like big data and AI to enhance user experience. For updates, visit the investor relations website.

Yunji Inc. (NASDAQ: YJ) announced a successful launch of its second-generation pressed candy on June 14, 2022, achieving five million sales in the first minute and ten million within twenty minutes. The candy features an enhanced formula with patented ingredients promoting health benefits. Yunji's Qingziyang brand also received accolades, including a Gold Award at the World Genius Convention 2022. Moreover, the company is innovating with a smart factory in Zhejiang, enabling real-time monitoring of production processes via IoT technology. This reflects Yunji’s commitment to quality and technological advancements.

Yunji Inc. (NASDAQ: YJ) reported first-quarter 2022 revenues of RMB342.6 million (US$54.0 million), a 49.3% decrease from RMB675.4 million in Q1 2021, mainly due to COVID-19 disruptions. Despite this, the company achieved operating income of RMB2.4 million (US$0.4 million) compared to a loss of RMB19.8 million last year. Total operating expenses fell by 43.2% to RMB154.9 million (US$24.4 million). However, net loss reached RMB36.9 million (US$5.8 million), compared to RMB4.0 million in Q1 2021. The repeat purchase rate was 80.2%, indicating customer retention.

Yunji Inc. (NASDAQ: YJ), a leading membership-based social e-commerce platform, will release its first quarter 2022 financial results before the market opens on May 31, 2022. A conference call is scheduled for the same day at 7:00 A.M. ET to discuss the earnings. Investors can access the call via multiple dialing options. The earnings release will be available on the Company's investor relations website, providing insights into Yunji's operational results. The Company focuses on leveraging social interactions and advanced technologies to enhance user experience and product offerings.