Welcome to our dedicated page for Yunji news (Ticker: YJ), a resource for investors and traders seeking the latest updates and insights on Yunji stock.
Yunji Inc (NASDAQ: YJ) operates a pioneering membership-based social e-commerce platform in China, combining curated product offerings with community-driven engagement. This news hub provides investors and market observers with essential updates about the company's strategic initiatives and financial performance.
Access official press releases, earnings reports, and operational developments in one centralized location. Our curated selection includes updates on product expansions, supply chain enhancements, and technology implementations that shape Yunji's position in the competitive social commerce sector.
Regularly updated content covers corporate announcements ranging from leadership changes to partnership agreements, all vital for understanding the company's market trajectory. The collection serves as a reliable resource for tracking how Yunji's unique membership model adapts to evolving consumer trends and regulatory environments.
Bookmark this page for streamlined access to verified information about Yunji's business operations. Combine these updates with broader market analysis to maintain informed perspectives on this innovative e-commerce enterprise.
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.
Yunji Inc. (NASDAQ: YJ) announced it has been provisionally identified as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA) by the SEC as of May 4, 2022. This identifies that its audit opinion for the fiscal year ended December 31, 2021, was issued by a firm whose papers the PCAOB cannot fully inspect. Yunji aims to resolve this issue to maintain its Nasdaq listing, acknowledging that delisting would only occur if identified for three consecutive years under HFCAA.
Yunji Inc. (NASDAQ: YJ) announced the resignation of Vice President of Finance, Chengqi Zhang, effective May 6, 2022, for personal reasons. He will continue as a consultant during the transition. Peng Zhang, previously the senior financial director, has been appointed as the new Vice President of Finance. CEO Shanglue Xiao praised Chengqi Zhang for his contributions and highlighted Peng Zhang's extensive financial experience, noting his role in enhancing shareholder value.
Yunji Inc. (NASDAQ: YJ) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 26, 2022. The report is accessible on the company's investor relations website, and hard copies are available upon request for shareholders and ADS holders. Yunji operates a membership-based social e-commerce platform in China, focusing on offering high-quality products at competitive prices while leveraging advanced technologies like big data and artificial intelligence to enhance user experience.
Yunji Inc. (NASDAQ: YJ) announced on March 24, 2022, that it has regained compliance with Nasdaq's Minimum Bid Price Requirement. The notification from Nasdaq confirmed that Yunji's American depositary shares have traded at or above $1.00 for ten consecutive business days, satisfying the compliance criteria. This follows a previous Deficiency Notice received on September 27, 2021, when shares fell below the required minimum bid price. The company utilizes a membership-based model to offer quality products at competitive prices in China's e-commerce sector.
Yunji Inc. (NASDAQ: YJ) reported Q4 2021 revenues of RMB471.4 million (US$74.0 million), a 64.5% decline from RMB1,327.4 million in Q4 2020. This was due to a strategic shift towards a curated product selection and development of private labels. Despite revenue drops, Yunji achieved net income of RMB57.9 million (US$9.1 million), reversing a loss of RMB77.3 million a year prior. The company also initiated a US$20 million share repurchase program to support stock value. Total FY 2021 revenues were RMB2,155.4 million (US$338.2 million), down 61% from 2020.
Yunji Inc. (NASDAQ: YJ) will announce its Q4 and full-year 2021 financial results on March 17, 2022, before the market opens. The results will be available on their investor relations website. A conference call is scheduled for the same day at 7:30 A.M. ET to discuss the earnings. Participants must register online to obtain details. A replay of the call will be accessible until March 24, 2022.
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