Yunji suffers significant losses in fourth quarter of 2024

In Hangzhou, China, on April 21, 2025, Yunji Inc. announced its unaudited financial results for the fourth quarter and the full fiscal year ended December 31, 2024. The company reported total revenues of RMB97.1 million (approximately US$13.3 million) for the fourth quarter, a decline from RMB149.1 million in the same quarter of 2023. This decline was primarily attributed to changes in merchandise sales, indicating a shift in market dynamics and consumer demand affecting their revenue streams. Although other revenues slightly decreased to RMB2.2 million from RMB2.5 million in the prior year, the most significant factor was the change in merchandise sales, having a direct impact on overall revenue recognition and cost structure for the company. As technology and content expenses decreased by 29.2% to RMB8.5 million representing 8.8% of total revenues—down from 8.1% the previous year—they demonstrated an effort to streamline operations amidst declining revenues. Financial losses, while reduced significantly to RMB2.6 million compared with RMB23.4 million in the same period of 2023, still reflected deep-rooted challenges the company faced over the last year, indicating volatility in their investment metrics. However, the net loss widened to RMB85.0 million, which was substantially more than the net loss of RMB65.9 million recorded in the fourth quarter of 2023. The adjusted net loss was reported at RMB84.5 million compared to RMB65.0 million in Q4 2023, underscoring the ongoing financial struggles of Yunji. Additionally, for the fiscal year 2024, total adjusted net loss sums up to RMB120.7 million, a considerable improvement from RMB166.0 million in 2023. These financial figures are pivotal for understanding Yunji's operational effectiveness as it navigates through an unstable economic environment and the competitive landscape of the e-commerce sector in China, which has been undergoing rapid changes in consumer behavior and regulatory policies. The overall picture painted by these results illustrates that while some metrics have shown improvement, the company is still grappling with significant losses indicating the need for strategic realignment to regain a foothold in the e-commerce market.