Press Release: Yunji Announces Second Half and Fiscal Year 2025 Unaudited Financial Results

Dow Jones
03/27

HANGZHOU, China, March 27, 2026 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") $(YJ)$, a leading membership-based social e-commerce platform, today announced its unaudited financial results for the second half and fiscal year ended December 31, 2025(1) .

Second Half 2025 Highlights

   -- Total revenues in the second half of 2025 were RMB158.7 million (US$22.7 
      million), compared with RMB183.8 million in the same period of 2024. The 
      change was primarily due to the Company's continued strategy to refine 
      its product selection across all categories and optimize its selection of 
      suppliers and merchants, together with a deliberate scale-back of the 
      marketplace business. 
 
   -- Repeat purchase rate2 in the twelve months ended December 31, 2025 was 
      69.7%. 

Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, "In the second half of 2025, we continued to demonstrate the resilience of our strategic transformation centered on becoming a leader in organic healthy living, while maintaining our industry-leading 12-month repurchase rate of 69.7%. This performance reflects the success of our strategy of offering curated premium products, including organic health foods aligned with China's national health strategy, while building a differentiated experiential ecosystem that strengthens customer trust through supply chain traceability and wellness services. As we enter 2026, we will continue developing health private labels and steadily accelerating our transformation from a traditional e-commerce platform to a private label--led model. We will balance multi-channel customer acquisition with our path toward profitability to create greater value for our members."

"During the second half of 2025, we delivered improvement on our path to profitability, with net loss narrowing to RMB32.6 million from RMB115.1 million in the same period of 2024. This improvement was driven by disciplined cost management and our continued focus on product curation and operational efficiency. As we enter 2026, we remain committed to our strategic priorities of margin improvement and profitability, supported by our stable liquidity position and continued focus on resource optimization and profitable growth." said Ms. Nan Song, Senior Financial Director of Yunji.

Second Half 2025 Unaudited Financial Results

Total revenues were RMB158.7 million (US$22.7 million), compared with RMB183.8 million in the same period of 2024. This change was primarily due to the Company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, together with a deliberate scale-back of the marketplace business.

   -- Revenues from sales of merchandise were RMB136.4 million (US$19.5 
      million), compared with RMB145.5 million in the same period of 2024. This 
      change was primarily due to a decrease in revenue from derecognition of 
      incentive payables to inactive members as the number of inactive members3 
      declined, partially offset by a slight increase in merchandise sales 
      resulting from proactive membership initiatives. 
   -- Revenues from the marketplace business were RMB22.1 million (US$3.2 
      million), compared with RMB34.3 million in the same period of 2024. This 
      change was primarily due to the Company's strategic decision to focus on 
      private label products and deliberately scale back the marketplace 
      business. 
   -- Other revenues were RMB0.2 million (US$0.02 million), compared with 
      RMB4.0 million in the same period of 2024. 

Total cost of revenues increased by 3.0% to RMB92.7 million (US$13.3 million), or 58.4% of total revenues, from RMB90.0 million, or 49.0% of total revenues, in the same period of 2024. Total cost of revenues primarily comprises costs related to sales of merchandise. The increase was primarily driven by higher merchandise sales. Revenues and related costs from merchandise sales are recognized on a gross basis.

Total operating expenses decreased by 43.8% to RMB112.4 million (US$16.1 million) from RMB200.1 million in the same period of 2024.

   -- Fulfillment expenses decreased by 60.2% to RMB13.3 million (US$1.9 
      million), or 8.4% of total revenues, from RMB33.6 million, or 18.3% of 
      total revenues, in the same period of 2024. The decrease was primarily 
      due to reduced personnel costs as a result of ongoing optimization in 
      staffing allocation. 
 
   -- Sales and marketing expenses increased by 6.4% to RMB52.6 million (US$7.5 
      million), or 33.2% of total revenues, from RMB49.5 million, or 26.9% of 
      total revenues, in the same period of 2024. The increase was primarily 
      due to (i) an increase in personnel costs, as a result of a shift in 
      resource allocation from online traffic acquisition towards offline and 
      private-domain initiatives, and (ii) an increase in depreciation and 
      amortization. 
 
   -- Technology and content expenses decreased by 35.5% to RMB13.0 million 
      (US$1.9 million), or 8.2% of total revenues, from RMB20.1 million, or 
      10.9% of total revenues, in the same period of 2024. The decrease was 
      primarily due to the reduction in personnel costs as a result of staffing 
      structure refinements. 
 
   -- General and administrative expenses decreased by 65.5% to RMB33.5 million 
      (US$4.8 million), or 21.1% of total revenues, from RMB96.9 million, or 
      52.7% of total revenues, in the same period of 2024. The decrease was 
      primarily due to (i) a decrease in an impairment of long-lived assets 
      other than goodwill, and in the allowance for credit losses, and (ii) a 
      reduction in personnel costs as a result of improved staffing allocation. 

Loss from operations was RMB43.0 million (US$6.2 million), compared with RMB103.9 million in the same period of 2024.

Financial income, net was RMB5.5 million (US$0.8 million), compared with financial expense, net of RMB8.3 million in the same period of 2024, primarily due to an increase in the fair value changes of equity securities investments.

Net loss was RMB32.6 million (US$4.7 million), compared with RMB115.1 million in the same period of 2024.

Adjusted net loss (non-GAAP)(4) was RMB32.5million (US$4.6 million), compared with RMB114.0 million in the same period of 2024.

Basic and diluted net loss per share attributable to ordinary shareholders were both RMB0.02, compared with RMB0.06 in the same period of 2024.

Fiscal Year 2025 Unaudited Financial Results

Total revenues were RMB317.0 million (US$45.3 million), compared with RMB417.7 million in the full year of 2024. The

change was primarily due to the same factors that led to the half-year change.

   -- Revenues from sales of merchandise were RMB268.1 million (US$38.3 
      million), compared with RMB330.5 million in the full year of 2024. 
 
   -- Revenues from the marketplace business were RMB46.6 million (US$6.7 
      million), compared with RMB79.5 million in the full year of 2024. 
 
   -- Other revenues were RMB2.3 million (US$0.3 million), compared with RMB7.7 
      million in the full year of 2024. 

Total cost of revenues decreased by 16.6% to RMB176.2 million (US$25.2 million) from RMB211.3 million in the full year of 2024. Total cost of revenues primarily comprises costs related to sales of merchandise. The decrease was primarily attributable to the change in merchandise sales, for which revenues and cost of revenues are recognized on a gross basis.

Total operating expenses were RMB291.8 million (US$41.7 million), compared with RMB349.2 million in the full year of 2024.

   -- Fulfillment expenses decreased by 55.5% to RMB33.9 million (US$4.9 
      million), or 10.7% of total revenues, from RMB76.1 million, or 18.2% of 
      total revenues, in the full year of 2024. The decrease was primarily due 
      to the same factors that led to the half-year decrease. 
 
   -- Sales and marketing expenses increased by 5.9% to RMB102.7 million 
      (US$14.7 million), or 32.4% of total revenues, from RMB97.0 million, or 
      23.2% of total revenues, in the full year of 2024. The increase was 
      primarily due to the same factors that led to the half-year increase 
 
   -- Technology and content expenses decreased by 38.0% to RMB28.3 million 
      (US$4.0 million), or 8.9% of total revenues, from RMB45.6 million, or 
      10.9% of total revenues, in the full year of 2024. The decrease was 
      primarily due to the same factors that led to the half-year decrease. 
 
   -- General and administrative expenses decreased by 2.7% to RMB126.9 million 
      (US$18.1 million), or 40.0% of total revenues, from RMB130.5 million, or 
      31.2% of total revenues, in the full year of 2024. The decrease was 
      primarily due to (i) the reduction in personnel costs as a result of 
      improved staffing allocation, and (ii) a decrease in an impairment of 
      long-lived assets other than goodwill offset by an increase in an 
      allowance for credit losses. 

Loss from operations was RMB143.4 million (US$20.5 million), compared with RMB136.3 million in the full year of 2024.

Financial income, net was RMB9.4 million (US$1.3 million), compared with RMB17.3 million in the full year of 2024, primarily due to a decrease in the fair value changes of equity securities investments and a decrease in interest income.

Net loss was RMB133.3 million (US$19.1 million), compared with RMB123.1 million in the full year of 2024.

Adjusted net loss(4) was RMB133.0 million (US$19.0 million), compared with RMB120.7 million in the full year of 2024.

Basic and diluted net loss per share attributable to ordinary shareholders were both RMB0.07 (US$0.01), compared with RMB0.06 in the full year of 2024.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses adjusted net loss as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net loss as net loss excluding share-based compensation.

The Company presents adjusted net loss because it is used by management to evaluate operating performance and formulate business plans. Adjusted net loss enables management to assess operating performance without considering the impact of share-based compensation recorded under ASC 718, "Compensation-Stock Compensation." The Company also believes that the use of this non-GAAP measure facilitates investors' assessment of operating performance.

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net loss is that it does not reflect all items of income and expense that affect the Company's operations. Share-based compensation has been and may continue to be incurred in Yunji's business and is not reflected in the presentation of adjusted net loss. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Yunji encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on the non-GAAP financial measures, please see the table captioned "Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures" set forth at the end of this press release.

Conference Call

The Company will host a conference call on Friday, March 27, 2026 at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers:

 
International:              1-412-902-4272 
United States Toll Free:    1-888-346-8982 
Mainland China Toll Free:   4001-201203 
Hong Kong Toll Free:        800-905945 
Conference ID:              Yunji Inc. 
 

A telephone replay of the call will be available after the conclusion of the conference call for one week.

Dial-in numbers for the replay are as follows:

 
United States Toll Free   1-855-669-9658 
International             1-412-317-0088 
Replay Access Code        4499274 
 

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. Among other things, the quotations from management in this announcement, as well as Yunji's strategic and operational plans, contain forward-looking statements. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Yunji's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji's growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China's e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China's e-commerce market; PRC governmental policies and regulations relating to Yunji's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Yunji Inc.

Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company's e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

For more information, please visit https://investor.yunjiglobal.com/

Investor Relations Contact

Yunji Inc.

Investor Relations

Email: Yunji.IR@icrinc.com

Phone: +1 (646) 224-6957

ICR, LLC

Robin Yang

Email: Yunji.IR@icrinc.com

Phone: +1 (646) 224-6957

 
                                  YUNJI INC. 
 
  UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, 
         except for share and per share data, unless otherwise noted) 
 
 
                                                     As of 
                                        -------------------------------- 
                                        December 31,     December 31, 
                                            2024             2025 
                                        ------------  ------------------ 
                                            RMB          RMB       US$ 
ASSETS 
Current Assets 
Cash and cash equivalents                    219,365    109,587   15,671 
Restricted cash                               23,467     22,770    3,256 
Short-term investments                             -     83,774   11,980 
Accounts receivable, net                      56,233      3,856      551 
Advance to suppliers                           9,810     10,178    1,455 
Inventories, net                              29,448     41,000    5,863 
Amounts due from related parties                 662        225       32 
Prepaid expenses and other current 
 assets(5)                                   177,187     86,142   12,318 
 
Total current assets                         516,172    357,532   51,126 
                                        ------------  ---------  ------- 
 
Non-current assets 
Property, equipment and 
 software, net(6)                            205,450    278,726   39,857 
Land use rights, net(6)                      174,437    170,021   24,313 
Long-term investments                        364,534    307,956   44,037 
Operating lease right-of-use assets, 
 net                                          13,809      3,392      485 
Other non-current assets                      78,050     92,019   13,159 
 
Total non-current assets                     836,280    852,114  121,851 
 
Total assets                               1,352,452  1,209,646  172,977 
                                        ============  =========  ======= 
 
 
                               YUNJI INC. 
 
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (All amounts 
  in thousands, except for share and per share data, unless otherwise 
                                 noted) 
                                                    As of 
                                      ---------------------------------- 
                                       December 31,      December 31, 
                                            2024              2025 
                                      ---------------  ----------------- 
                                            RMB          RMB       US$ 
LIABILITIES AND SHAREHOLDERS' 
 EQUITY 
Current Liabilities 
Accounts payable                               54,678    48,943    6,999 
Deferred revenue                                8,596    11,115    1,589 
Incentive payables to members(3)               66,039    50,635    7,241 
Member management fees payable                  1,263     1,604      229 
Other payable and accrued 
 liabilities                                  126,177    96,076   13,738 
Amounts due to related parties                  1,645     2,836      406 
Short-term borrowings                               -    40,075    5,731 
Operating lease liabilities - 
 current                                        3,845     1,498      214 
 
Total current liabilities                     262,243   252,782   36,147 
                                      ---------------  --------  ------- 
 
Non-current liabilities 
Operating lease liabilities, 
 non-current                                    7,808     1,606      230 
Other non-current liabilities                   4,355    19,367    2,769 
 
Total non-current liabilities                  12,163    20,973    2,999 
 
Total Liabilities                             274,406   273,755   39,146 
                                      ---------------  --------  ------- 
 
 
                                  YUNJI INC. 
 
 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (All amounts in 
   thousands, except for share and per share data, unless otherwise noted) 
 
 
                                                   As of 
                                    ------------------------------------ 
                                    December 31,       December 31, 
                                        2024               2025 
                                    ------------  ---------------------- 
                                        RMB           RMB         US$ 
 
Shareholders' equity 
Ordinary shares                               70           70         10 
Less: Treasury stock                   (113,334)    (113,334)   (16,206) 
Additional paid-in capital             7,328,336    7,328,615  1,047,978 
Statutory reserve                         16,726       16,726      2,392 
Accumulated other comprehensive 
 income                                   93,145       83,996     12,011 
Accumulated deficit                  (6,247,557)  (6,380,841)  (912,448) 
                                    ------------  -----------  --------- 
Total Yunji Inc. shareholders' 
 equity                                1,077,386      935,232    133,737 
Non-controlling interests                    660          659         94 
                                    ------------  -----------  --------- 
Total shareholders' equity             1,078,046      935,891    133,831 
                                    ------------  -----------  --------- 
Total liabilities and 
 shareholders' equity                  1,352,452    1,209,646    172,977 
                                    ============  ===========  ========= 
 
 
YUNJI INC.   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (All 
 amounts in thousands, except for share and per share data, unless otherwise noted) 
 
                         For the Six Months Ended           For the Year Ended 
                      ------------------------------  ------------------------------ 
                      December      December 31,      December      December 31, 
                      31, 2024           2025         31, 2024           2025 
                      ---------  -------------------  ---------  ------------------- 
                         RMB        RMB       US$        RMB        RMB       US$ 
Revenues: 
 Sales of 
  merchandise, net      145,510    136,434    19,510    330,535    268,169    38,348 
 Marketplace revenue     34,299     22,090     3,159     79,466     46,553     6,657 
 Other revenues           4,005        162        23      7,650      2,294       328 
                      ---------  ---------  --------  ---------  ---------  -------- 
Total revenues          183,814    158,686    22,692    417,651    317,016    45,333 
                      ---------  ---------  --------  ---------  ---------  -------- 
Operating cost and 
expenses: 
 Cost of revenues      (90,000)   (92,735)  (13,261)  (211,311)  (176,222)  (25,199) 
 Fulfilment            (33,558)   (13,354)   (1,910)   (76,126)   (33,910)   (4,849) 
 Sales and marketing   (49,477)   (52,632)   (7,526)   (96,965)  (102,715)  (14,688) 
 Technology and 
  content              (20,096)   (12,971)   (1,855)   (45,627)   (28,288)   (4,045) 
 General and 
  administrative       (96,941)   (33,469)   (4,786)  (130,462)  (126,875)  (18,143) 
                      ---------  ---------  --------  ---------  ---------  -------- 
Total operating cost 
 and expenses         (290,072)  (205,161)  (29,338)  (560,491)  (468,010)  (66,924) 
                      ---------  ---------  --------  ---------  ---------  -------- 
 Other operating 
  income                  2,383      3,447       493      6,544      7,574     1,083 
                      ---------  ---------  --------  ---------  ---------  -------- 
Loss from operations  (103,875)   (43,028)   (6,153)  (136,296)  (143,420)  (20,508) 
 Financial 
  (expense)/income, 
  net                   (8,260)      5,467       782     17,333      9,367     1,339 
 Foreign exchange 
  (loss)/gain, net        (203)      3,417       489      2,127      1,601       229 
 Other non-operating 
  income/(loss), 
   net                      667    (4,915)     (703)        785    (3,979)     (569) 
                      ---------  ---------  --------  ---------  ---------  -------- 
Loss before income 
 tax expense, and 
 equity in loss of 
 affiliates, net of 
 tax                  (111,671)   (39,059)   (5,585)  (116,051)  (136,431)  (19,509) 
 Income tax 
  (expense)/benefit       (716)      1,513       216    (2,009)      (462)      (66) 
 Equity in 
  (loss)/income of 
  affiliates, net of 
  tax                   (2,702)      4,971       711    (5,061)      3,608       516 
                      ---------  ---------  --------  ---------  ---------  -------- 
Net loss              (115,089)   (32,575)   (4,658)  (123,121)  (133,285)  (19,059) 
Less: net loss 
 attributable to 
 non- controlling 
 interests 
 shareholders              (10)        (1)         -       (11)        (1)         - 
                      ---------  ---------  --------  ---------  ---------  -------- 
Net loss 
 attributable to 
 YUNJI INC.           (115,079)   (32,574)   (4,658)  (123,110)  (133,284)  (19,059) 
                      ---------  ---------  --------  ---------  ---------  -------- 
 
 
                                                 YUNJI INC. 
 
               UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED) 
           (All amounts in thousands, except for share and per share data, unless otherwise noted) 
 
                             For the Six Months Ended                        For the Year Ended 
                    -------------------------------------------  ------------------------------------------- 
                    December 31,           December 31,          December 31,           December 31, 
                         2024                  2025                   2024                  2025 
                    -------------  ----------------------------  -------------  ---------------------------- 
                         RMB            RMB            US$            RMB            RMB            US$ 
Net loss 
 attributable to 
 ordinary 
 shareholders           (115,079)       (32,574)        (4,658)      (123,110)      (133,284)       (19,059) 
                    =============  =============  =============  =============  =============  ============= 
Net loss                (115,089)       (32,575)        (4,658)      (123,121)      (133,285)       (19,059) 
Other 
comprehensive 
income 
 Foreign currency 
  translation 
  adjustment                3,733        (7,500)        (1,073)          7,854        (9,149)        (1,308) 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Total 
 comprehensive 
 loss                   (111,356)       (40,075)        (5,731)      (115,267)      (142,434)       (20,367) 
 Less: total 
  comprehensive 
  loss 
  attributable to 
  non-controlling 
  interests 
  shareholders               (10)            (1)              -           (11)            (1)              - 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Total 
 comprehensive 
 loss attributable 
 to YUNJI INC.          (111,346)       (40,074)        (5,731)      (115,256)      (142,433)       (20,367) 
                    =============  =============  =============  =============  =============  ============= 
Net loss 
 attributable to 
 ordinary 
 shareholders           (115,079)       (32,574)        (4,658)      (123,110)      (133,284)       (19,059) 
Weighted average 
 number of 
 ordinary shares 
 used in computing 
 net loss per 
 share, basic and 
 diluted            1,967,942,011  1,970,216,032  1,970,216,032  1,967,498,669  1,970,423,265  1,970,423,265 
                    -------------  -------------  -------------  -------------  -------------  ------------- 
Net loss per 
share 
attributable to 
ordinary 
shareholders 
 Basic                     (0.06)         (0.02)         (0.00)         (0.06)         (0.07)         (0.01) 
 Diluted                   (0.06)         (0.02)         (0.00)         (0.06)         (0.07)         (0.01) 
 
 
                            YUNJI INC. 
 
     NOTES TO UNAUDITED FINANCIAL INFORMATION (All amounts in 
 thousands, except for share and per share data, unless otherwise 
                              noted) 
 
                     For the Six Months 
                            Ended             For the Year Ended 
                   -----------------------  ---------------------- 
                   December                 December 
                     31,     December 31,     31,     December 31, 
                     2024         2025        2024        2025 
                   --------  -------------  --------  ------------ 
                     RMB     RMB    US$       RMB     RMB    US$ 
Share-based 
compensation 
expenses 
included in: 
 Technology and 
  content               627    (1)       -     1,450    116     17 
 General and 
  administrative        326     70      10       774    163     23 
 Fulfillment             56      -       -        92   (12)    (2) 
 Sales and 
  marketing              70      -       -       114     12      2 
                   --------  -----  ------  --------  -----  ----- 
Total                  1079     69      10     2,430    279     40 
                   ========  =====  ======  ========  =====  ===== 
 
 
                                    YUNJI INC. 
 
        RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY COMPARABLE 
FINANCIAL MEASURES (All amounts in thousands, except for share and per share data, 
                              unless otherwise noted) 
 
                         For the Six Months Ended          For the Year Ended 
                       ----------------------------  ------------------------------ 
                       December                      December 
                          31,       December 31,        31,        December 31, 
                          2024           2025           2024            2025 
                       ---------  -----------------  ---------  ------------------- 
                          RMB       RMB       US$       RMB        RMB       US$ 
Reconciliation of 
Net Loss to Adjusted 
Net Loss: 
 Net loss              (115,089)  (32,575)  (4,658)  (123,121)  (133,285)  (19,059) 
 Add: Share- 
  based compensation       1,079        69       10      2,430        279        40 
                       ---------  --------  -------  ---------  ---------  -------- 
 Adjusted net loss     (114,010)  (32,506)  (4,648)  (120,691)  (133,006)  (19,019) 
                       =========  ========  =======  =========  =========  ======== 
 
   1. This announcement contains translations of certain Renminbi (RMB) amounts 
      into U.S. dollars (US$) at a specified rate solely for the convenience of 
      the reader. Unless otherwise noted, the translation of RMB into US$ has 
      been made at RMB6.9931 to US$1.00, the exchange rate in effect as of 
      December 31, 2025 as set forth in the H.10 statistical release of The 
      Board of Governors of the Federal Reserve System. 
 
   2. "Repeat purchase rate" in a given period is calculated as the number of 
      transacting members who purchased not less than twice divided by the 
      total number of transacting members during such period. "Transacting 
      member" in a given period refers to a member who successfully promotes 
      Yunji's products to generate at least one order or places at least one 
      order on Yunji's platform, regardless of whether any product in such 
      order is ultimately sold or delivered or whether any product in such 
      order is returned. 
 
   3. As of December 31, 2025, the decrease in incentive payables was primarily 
      due to derecognition of long-aged payables to inactive members. The 
      long-aged balances of incentive payables to members were derecognized 
      when the Company's payable obligations alongside were extinguished, and 
      revenue was recognized accordingly. 
 
   4. Adjusted net loss is a non-GAAP financial measure, which is defined as 
      net loss excluding share-based compensation expense. See "Reconciliation 
      of Non-GAAP Measures to the Most Directly Comparable Financial Measures" 
      set forth at the end of this press release. 
 
   5. As of December 31, 2025, Short-term loan receivables of an amount 
      RMB147.4 million were included in the prepaid expenses and other current 
      assets balance, which represent the principal and interest to be 
      collected on loans provided by the Group to third-party companies. The 
      decrease in prepaid expenses and other current assets as of December 31, 
      2025 compared to December 31, 2024 was primarily due to an increased 
      allowance for credit losses and repayment. 
 
   6. In June 2024, the Company won the bid for a parcel of land located in 
      Xiaoshan District, Hangzhou, China, covering approximately 10 thousand 
      square meters (the "Hangzhou Land Parcel") and entered into an agreement 
      with the local government to acquire the land use right of the Hangzhou 
      Land Parcel for an aggregate consideration of approximately RMB171.5 
      million. In July 2024, the Company obtained the certificate of the land 
      use right and carried the land use right at a cost of RMB176.6 million, 
      including a tax expense of RMB5.1million, less accumulated amortization 
      and impairment losses, if any. The Company intends to construct a new 
      office building on the Hangzhou Land Parcel to use it as its new 
      headquarters and also lease offices to external parties. The total amount 
      for the land acquisition and office building construction is expected to 
      be approximately RMB600.0 million. The Company intends to fund the land 
      acquisition and building construction through cash on hand and bank 
      financing. As of December 31, 2025, the new office building, comprising 
      two interconnected sections, was under construction. The structural frame 
      of one section had been topped out, while the other one was in the main 
      structural construction phase. 

View original content:https://www.prnewswire.com/news-releases/yunji-announces-second-half-and-fiscal-year-2025-unaudited-financial-results-302727067.html

SOURCE Yunji Inc.

 

(END) Dow Jones Newswires

March 27, 2026 06:00 ET (10:00 GMT)

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