Yunji Earnings Call Transcripts
Fiscal Year 2025
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Revenue reached CNY 158.7 million in H2 2025, with merchandise sales up 0.16% year-over-year and net loss narrowing by 70% to CNY 32.6 million. Strong growth in organic health products and user engagement drove improved margins and operational efficiency.
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Revenue declined year-over-year due to market headwinds, but gross margin remained strong at 47.3%. Key product launches in health and beauty segments drove brand growth, while operating losses widened. Focus remains on cost optimization, margin improvement, and sustainable expansion.
Fiscal Year 2024
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Revenue grew 32% year-over-year in Q4 2024, with gross margin at 48.3% and a high user repurchase rate of 71.9%. Strategic business consolidation, new wellness initiatives, and private label expansion aim to drive future growth despite a wider net loss.
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Revenue declined year-over-year due to softer consumer confidence, but gross margin remained strong at 54.1%. Operating and net losses narrowed, and liquidity remains robust with no long-term debt. Offline wellness expansion and digital innovation support future growth.
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Revenue declined year-over-year due to softer consumer confidence and product adjustments, but gross margin remained strong at 46.6%. Net loss narrowed significantly, and the company launched its first offline wellness store while maintaining a solid cash position.
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Q1 2024 saw revenues decline year-over-year, but gross margin remained strong at 49.4% and net income turned positive. Strategic focus included expanding health and wellness initiatives, leveraging short video and live streaming, and maintaining robust cash reserves.