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YJ

Yunji Inc.

YJ

Yunji Inc. • NASDAQ
$1.54 ▲ 1.32% (+0.02)
Market Cap $7.58 M
52w High $2.67
52w Low $1.37
Dividend Yield 0%
P/E -0.02
Volume 1.03K
Outstanding Shares 4.92M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $97.123M ▲ $124.533M ▲ $-85.053M ▼ -87.572% ▼ $-17.28 ▼ $-57.405M ▼
Q3-2024 $86.691M ▼ $73.156M ▲ $-30.026M ▼ -34.636% ▼ $-6.12 ▼ $-26.225M ▼
Q2-2024 $105.979M ▼ $72.502M ▲ $-11.894M ▼ -11.223% ▼ $-2.4 ▼ $-25.66M ▼
Q1-2024 $127.858M ▼ $72.445M ▼ $3.863M ▲ 3.021% ▲ $0.8 ▲ $-9.289M ▲
Q4-2023 $149.147M $109.053M $-65.862M -44.159% $-13.4 $-28.039M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $219.365M ▼ $1.352B ▼ $274.406M ▲ $1.077B ▼
Q3-2024 $244.061M ▼ $1.413B ▼ $262.038M ▼ $1.15B ▼
Q2-2024 $299.255M ▼ $1.491B ▼ $302.328M ▼ $1.188B ▼
Q1-2024 $479.078M ▼ $1.518B ▼ $323.03M ▼ $1.195B ▲
Q4-2023 $524.737M $1.554B $362.689M $1.19B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2023 $-35.067M ▲ $0 $0 $0 $7.68M ▼ $0
Q2-2023 $-42.857M ▼ $0 $0 $0 $93.068M ▲ $0
Q1-2023 $-22.933M ▲ $0 $0 $0 $0 ▼ $0
Q4-2022 $-36.803M ▲ $0 $0 $0 $106.618M ▲ $0
Q3-2022 $-39.847M $0 $0 $0 $36.723M $0

Five-Year Company Overview

Income Statement

Income Statement Yunji’s income statement shows a business that has been shrinking and struggling to reach stable profitability. Revenue has fallen sharply over the last few years, pointing to a company that is losing scale rather than growing. Gross margins look reasonably healthy in percentage terms, but the overall revenue base is now small, so there is not enough gross profit to comfortably cover operating costs. Operating and net results have been negative in most recent years, with only a brief period of break-even or very small profit. Reported earnings per share have swung widely, influenced not only by performance but also by sizeable reverse share splits, which makes the underlying trend look more volatile. Overall, the picture is of a retailer under revenue pressure that has not yet found a consistent path to profitability.

Balance Sheet

Balance Sheet The balance sheet reflects a company that is gradually getting smaller but not heavily indebted. Total assets and shareholders’ equity have edged down over time, signalling that the business is contracting and consuming part of its capital base. Cash levels have moved around but are clearly lower than in earlier years, which reduces the financial cushion available to absorb ongoing losses. On the positive side, debt is very low, so financial leverage is not a major risk factor right now. In simple terms, Yunji still has more equity than debt and some cash in reserve, but its resource pool is thinner than it used to be, leaving less room for prolonged weak performance.

Cash Flow

Cash Flow Cash flow trends are a key concern. The core business has consistently used cash rather than generated it, with operating cash flow negative in every reported year. Free cash flow has also been negative throughout, even though the company does not appear to be spending heavily on long-term investments or big projects. This indicates that the main issue is not oversized capital spending but a business model that, as currently run, does not produce enough cash from day-to-day operations. Sustaining this pattern over time would require drawing down cash reserves or finding new sources of funding. Unless operating cash flow improves, financial flexibility will continue to erode.

Competitive Edge

Competitive Edge Yunji operates in China’s highly competitive e‑commerce and social retail space, up against very large, well-funded platforms. Its membership-based, social commerce model and curated product selection give it a distinct identity and a loyal core user base with solid repeat purchasing behavior. However, the steep revenue decline suggests that, despite these strengths, Yunji has been losing ground in the broader market. Larger rivals can replicate social features, outspend Yunji on technology and marketing, and offer wider assortments. As a result, Yunji’s competitive moat looks narrow and under pressure: it has meaningful differentiation for a niche audience, but its bargaining power and scale are limited, and its long-term position appears fragile unless it can re-ignite growth in its chosen niches.

Innovation and R&D

Innovation and R&D Yunji’s innovation is centered more on business model and data use than on heavy, science-driven R&D. The company has built a membership-driven social commerce platform that turns users into promoters, backed by big data and AI tools to personalize recommendations and curate products. Its “Yunji Select” label, dynamic sharing tools for its member-sellers, and livestream-based transparency around certain private-label products demonstrate a focus on trust, curation, and social engagement. Strategically, Yunji is trying to pivot toward health and wellness, especially organic and private-label products, to capture a better-defined niche. The main question is not whether Yunji can launch new features or products—it clearly can—but whether these innovations are strong enough to offset competitive pressures and translate into sustained growth and cash generation.

Summary

Yunji today looks like a niche, experiment-driven social commerce company that is financially smaller and weaker than it was a few years ago. Revenues have shrunk, losses and negative cash flow have been persistent, and the asset and cash base have gradually been drawn down—though the balance sheet still carries very little debt. On the strategic side, Yunji does have differentiating elements: a membership-based social model, curated and private-label offerings, and a planned focus on health and wellness. It also maintains a loyal core user group. However, it operates in one of the most competitive e‑commerce environments in the world, facing large platforms that can mimic or overwhelm its ideas. The company appears to be at a crossroads: its future will likely hinge on whether it can stabilize or rebuild revenue in its chosen niches, restore positive operating cash flow, and demonstrate that its innovations and pivot strategy can support a sustainable, self-funding business over time. Uncertainty around that transition remains high.

NEWS

October 16, 2025 · 4:53 AM UTC

Qiming Venture Partners' Portfolio Company Yunji Technology Successfully Lists on the Hong Kong Stock Exchange

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