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) is a membership-based social e-commerce platform in China, and its news flow reflects both its operating performance and its ongoing strategic shift toward organic living and health-focused categories. Company press releases and SEC-linked announcements frequently highlight unaudited quarterly and interim financial results, updates on annual reporting, and commentary from management on business transformation.
Investors following YJ news can expect detailed disclosures on revenues from sales of merchandise, marketplace revenue, and other revenues, along with breakdowns of cost of revenues and operating expenses such as fulfillment, sales and marketing, technology and content, and general and administrative costs. Yunji also regularly discusses non-GAAP measures like adjusted net loss and explains how management uses these metrics to assess performance.
Recent news has emphasized Yunji’s efforts to reposition the platform around organic health products, organic living, and wellness experiences, including collaborations with premium suppliers and a focus on high-margin, high-repeat purchase categories. Announcements have also covered Nasdaq listing compliance developments, changes in the company’s independent registered public accounting firm, and management changes within the finance function.
This YJ news page aggregates these company-issued updates, earnings announcements, and regulatory-related press releases in one place, helping readers monitor Yunji’s evolving strategy, financial trends, and key corporate events over time.
Yunji Inc. (NASDAQ: YJ), a leading membership-based social e-commerce platform, has announced plans to change its American Depositary Shares (ADS) ratio. The new ratio will be 1 ADS to 400 Class A ordinary shares, compared to the current 1:100 ratio. This change, effective around September 13, 2024, will have the same effect as a one-for-four reverse ADS split. ADS holders will need to exchange every four existing ADSs for one new ADS. The company's ADSs will continue trading on Nasdaq under the symbol 'YJ'. While the ADS trading price is expected to increase proportionally, Yunji cannot guarantee it will be equal to or greater than four times the previous price.
Yunji Inc. (NASDAQ: YJ) reported its Q2 2024 unaudited financial results. Total revenues decreased to RMB106.0 million (US$14.6 million) from RMB167.1 million in Q2 2023, due to soft consumer confidence and product selection refinement. The repeat purchase rate was 73.5%. The company focused on enhancing short videos, livestreaming, and offline initiatives to target the silver economy. Net loss narrowed to RMB11.9 million (US$1.6 million) from RMB41.5 million in Q2 2023. Adjusted net loss (non-GAAP) was RMB9.7 million (US$1.3 million). The company maintained a stable financial position while pursuing growth opportunities prudently.
Yunji Inc. (NASDAQ: YJ), a leading membership-based social e-commerce platform, has announced its plans to release second quarter 2024 financial results on August 23, 2024, before the market opens. The company will host a conference call at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time on the same day to discuss the earnings. Investors can access the call using various toll-free and international numbers. A live and archived webcast of the conference call will be available on Yunji's investor relations website. The earnings release will also be accessible on the same website.
Yunji (NASDAQ: YJ) announced its unaudited financial results for Q1 2024, ending March 31, 2024. The company's total revenues were RMB 127.9 million (US$17.7 million), a decline compared to RMB 178.7 million in Q1 2023. This drop is attributed to soft consumer confidence and strategic optimization in product selection and supplier management. Despite lower revenues, Yunji achieved a net income of RMB 3.9 million (US$0.5 million), reversing a net loss of RMB 22.9 million in the same period last year. Additionally, the company reported a stable gross margin and decreased total operating expenses by 11% to RMB 75.9 million (US$10.5 million). Yunji also announced the acquisition of land in Hangzhou for new headquarters construction, costing RMB 171.5 million.
Yunji (NASDAQ: YJ), a leading membership-based social e-commerce platform, will release its first quarter financial results on June 11, 2024, before the market opens. The earnings release will be available on Yunji's investor relations website. A conference call to discuss the earnings is scheduled for the same day at 7:30 A.M. Eastern Time (7:30 P.M. Beijing/Hong Kong Time). The call can be accessed via various toll-free numbers for international listeners, with replay options available until June 18, 2024. A live and archived webcast of the conference call will also be available on the investor relations site.
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