Yunji exceeds initial revenue projections, seeing a significant 25% climb
Yunji Inc. Reports First-Half Results, Showing Decrease in Revenues and Increase in Losses
Yunji Inc., a membership-based social e-commerce platform, has reported its financial results for the first half of 2025. The company's total revenues decreased by 33.5% year-over-year, from RMB233.8 million in 2024 to RMB158.3 million in 2025.
The decrease in revenues was primarily due to soft consumer confidence and the company's strategy to refine product selection and optimize suppliers and merchants. Revenues from the marketplace business were RMB24.5 million, compared with RMB45.2 million in the same period of 2024. Yunji's revenues from sales of merchandise were RMB131.7 million, compared with RMB185.0 million in the same period of 2024.
The company's net loss for the first half of 2025 was RMB100.7 million, compared with RMB8.0 million in the same period of 2024. Loss from operations was RMB100.4 million, compared with RMB32.4 million in the same period of 2024. General and administrative expenses increased by 178.6% to RMB93.4 million, compared with RMB33.5 million in the same period of 2024. Fulfillment expenses decreased by 51.7% to RMB20.6 million, compared with RMB42.6 million in the same period of 2024. Total cost of revenues decreased by 31.2% to RMB83.5 million, compared with RMB121.3 million in the same period of 2024.
The company uses adjusted net loss as a supplemental measure to review and assess operating performance. Adjusted net loss is defined as net loss excluding share-based compensation. This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. Adjusted net loss enables management to assess operating performance without considering the impact of share-based compensation recorded under ASC 718. The company compensates for the limitations of using adjusted net loss by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure.
The company believes that the use of this non-GAAP measure facilitates investors' assessment of operating performance. Adjusted net loss for the first half of 2025 was RMB100.7 million, compared with RMB8.0 million in the same period of 2024. The company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
The repeat purchase rate in the twelve months ended June 30, 2025 was 71.0%. The company will host a conference call on Thursday, August 21, 2025, to discuss its earnings. Dial-in numbers for the conference call and replay are provided in the press release.
As of July 2025, the board members of Yunji Inc. are not publicly specified in available data.
The company uses adjusted net loss as a tool to evaluate operating performance and formulate business plans. Management utilizes this measure to gain a better understanding of the company's operating results and to make informed decisions about the future of the business. The company will continue to monitor its financial performance and work towards improving its financial position.
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