Leidi.com Lei Jianping June 3rd
Social e-commerce platform Yunji (Nasdaq: YJ) released its financial report yesterday. The financial report shows that Yunji’s total revenue in the first quarter of 2023 will be 178.7 million yuan (about 26 million US dollars), a decrease of 48% from 342.6 million yuan in the same period last year.
Since the first quarter of 2019, Yunji's revenue has continued to decline sharply year-on-year, and this state has lasted for three years.
Yunji’s Q1 costs and expenses were RMB 179 million, a year-on-year decrease of 48%
Yunji's costs and expenses in the first quarter of 2023 were 179 million yuan, a 48% drop from 346 million yuan in the same period last year.
The cost of Yunji in the first quarter of 2023 was 93.5 million yuan, a decrease of 51.1% from 119.3 million yuan in the same period of the previous year.
The overall operating expenses of Yunji in 2023 will be 85.3 million yuan, a decrease of 45% compared with the 154.9 million yuan in the same period of the previous year; among them, the performance expenses will be 27.1 million yuan, a 44.6% decrease from the 48.9 million yuan in the same period of the previous year; sales and marketing expenses It was 29.6 million yuan, down 41.6% from 50.7 million yuan in the same period last year; technology and content expenses were 13.4 million yuan, down 44.7% from 24.1 million yuan in the same period last year; general and administrative expenses were 15.2 million yuan, down 44.7% from the previous year The $31.2 million for the same period was down 51.4 percent.
Yunji’s Q1 operating profit was RMB 960,000, operating profit margin was 0.5%
Yunji's operating profit in the first quarter of 2023 was 1 million yuan, compared with 2.4 million yuan in the same period last year. Yunji's operating margin in the first quarter of 2023 is 0.5%.
Yunji’s Q1 net loss was RMB 22.9 million
Yunji’s net loss in the first quarter of 2023 was 22.9 million yuan, compared with a net loss of 36.9 million yuan in the same period last year. Not in accordance with US GAAP (Non-GAAP), the adjusted net loss was 27.2 million yuan (approximately US$4 million), compared with a net loss of 30.6 million yuan in the same period last year.
The closing price of Yunji today was US$0.32, an increase of 50.87% from the previous day; based on the closing price, the company's market value was US$62.915 million.
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