Yunji Stock Price, News & Analysis

Yunji Inc. (NASDAQ: YJ) reported its Q4 and FY 2022 financial results, revealing total revenues of RMB288.7 million (US$41.9 million) in Q4, a significant decline from RMB471.4 million in Q4 2021. This drop was attributed to product selection refinements and shifts in consumer habits during COVID-19. The company's total revenues for FY 2022 were RMB1,154.1 million (US$167.3 million), down from RMB2,155.4 million in 2021. Despite these challenges, Yunji maintained a strong repeat purchase rate of 81.8%. The company also reported a net loss of RMB38.2 million in Q4 and a net loss of RMB138.4 million for FY 2022.

Yunji Inc. (NASDAQ: YJ), a leading social e-commerce platform in China, will release its fourth quarter and full year 2022 financial results on March 20, 2023. The earnings report will be available on the company’s investor relations website. A conference call is scheduled for the same day at 7:00 A.M. Eastern Time to discuss the earnings results. Yunji employs a membership-based model to enhance consumer engagement, offering various products at competitive prices while utilizing big data and AI technologies to improve user experience. The earnings call details and the webcast will be accessible through the company's investor relations portal.

Yunji Inc. (NASDAQ: YJ) received notification from Nasdaq indicating that its American Depositary Shares (ADSs) have consistently closed below $1.00 for the last 30 business days, violating the minimum bid price requirement. The grace period to regain compliance is 180 days, ending July 10, 2023. Yunji aims to remedy this by monitoring its ADS bid price and considering options like adjusting the ADS-to-Class A ordinary share ratio to meet Nasdaq compliance standards.

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.