Yunji Inc ( (YJ) ) has released its Q4 earnings. Here is a breakdown of the information Yunji Inc presented to its investors.
Yunji Inc. is a prominent social e-commerce platform in China, known for its unique membership-based model that leverages social interactions to offer high-quality products at competitive prices. The company utilizes advanced technologies like big data and artificial intelligence to enhance user experience and promote its platform.
In its latest earnings report, Yunji Inc. announced a decline in total revenues for the fourth quarter of 2024, amounting to RMB97.1 million, compared to RMB149.1 million in the same period of 2023. The decrease was attributed to soft consumer confidence and strategic adjustments in product selection and supplier optimization.
Key financial metrics revealed a decrease in merchandise sales and marketplace business revenues. Despite the revenue decline, the company managed to reduce its total cost of revenues by 36.9% and fulfillment expenses by 33.9%. However, operating expenses increased by 14.9%, primarily due to higher general and administrative costs.
Looking forward, Yunji’s management remains focused on transforming the company into a leading platform for organic health products, emphasizing high-margin categories such as health foods and nutritional products. The company aims to maintain financial discipline while strategically investing to drive sustainable growth and improve profitability.