Yunji Stock Price, News & Analysis

Yunji Inc. (NASDAQ: YJ) reported Q3 2021 revenues of RMB437.9 million ($68.0 million), a sharp decline from RMB1,066.7 million in Q3 2020. The decrease stems from a strategic shift towards curating products and enhancing private labels. However, the company achieved a net income of RMB61.4 million ($9.5 million), a turnaround from a net loss of RMB43.6 million in the same quarter last year. Gross margins improved, and operational income reached RMB17.6 million ($2.7 million), compared to a loss the previous year. The company remains focused on profitability and product-market fit.

Yunji Inc. (NASDAQ: YJ) will release its third quarter 2021 financial results on November 29, 2021, prior to market opening. The results can be accessed on the Company's investor relations website. A conference call to discuss the earnings will be held at 6:30 A.M. ET on the same day. Participants are required to register online to obtain call details. Additionally, a replay of the call will be available until December 5, 2021. Yunji operates a membership-based social e-commerce platform in China, emphasizing high-quality products and competitive pricing.

On October 29, 2021, Yunji Inc. (NASDAQ: YJ) announced the resignation of director Wei Ying and the appointment of Dan Li to its Board, effective October 30, 2021. This change aligns with Nasdaq's Board Diversity Rule. Ms. Li has extensive experience in the consumer market and currently serves as managing director at CDH Investments Management. Yunji aims to leverage her expertise to reinforce its unique membership-based social e-commerce strategy. Yunji continues to be a prominent player in China's e-commerce sector, focusing on delivering quality products at competitive prices.

Yunji Inc. (NASDAQ: YJ), a social e-commerce platform in China, received notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The closing bid price of its American Depositary Shares (ADSs) has been below $1.00 for 30 consecutive days. Yunji has a 180-day grace period, until March 28, 2022, to regain compliance. The company is considering options to remedy this, including adjusting its ADS-to-Class A ordinary share ratio. The company aims to achieve a closing bid price of $1.00 or higher for ten consecutive days during this period.

Yunji Inc. (NASDAQ: YJ) reported unaudited financial results for Q2 2021, revealing total revenues of RMB570.7 million (US$88.4 million), down from RMB1,486.9 million in Q2 2020. The decline is attributed to a strategic shift towards curated product offerings. However, the company achieved a net income of RMB17.0 million, compared to a loss of RMB17.5 million the previous year. Operating income reached RMB16.0 million, marking a notable recovery. Cash and equivalents stood at RMB1,092.1 million. The repeat purchase rate stabilized at 81.2%, indicating potential for future growth.

Yunji Inc. (NASDAQ: YJ) will release its second quarter 2021 financial results on August 26, 2021, before the market opens. This information will be accessible on the Company’s investor relations website. Following the earnings release, a conference call is scheduled for the same day at 7:00 A.M. Eastern Time, where the management will discuss the results. Participants must register online to join the call. The replay of the call will be available until September 3, 2021.

Yunji Inc. (NASDAQ: YJ) has launched the "Yunji 99" special sales portal on its mobile app, enhancing its membership-based e-commerce platform. This initiative aims to connect users with up to 99 popular products daily, selected based on sales volume and customer ratings. The top 10 bestsellers will receive special promotion. By leveraging big data, Yunji seeks to improve user experience and traffic conversion from public domains to its platform, creating an integrated marketing solution through partnerships and content distribution channels.

Yunji Inc. (NASDAQ: YJ) reported total revenues of RMB675.4 million (US$103.1 million) for Q1 2021, a dramatic decrease from RMB1,649.2 million in Q1 2020. The decline is attributed to the company's strategic shift towards refining its product offerings through the megahit product pool initiative. Membership revenues dropped to nil from RMB25.1 million in the prior year. Total operating expenses decreased by 47.8% to RMB272.7 million. Despite improved financial income, net loss was RMB4.0 million, a reduction from RMB13.2 million in the same period last year, signaling some operational improvements.