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Hangzhou-based retail company Yunji Inc . (NASDAQ:YJ) disclosed its unaudited financial results for the fourth quarter and fiscal year 2024 today. The report, filed with the U.S. Securities and Exchange Commission, provides a snapshot of the company’s financial performance. According to InvestingPro data, Yunji generated revenue of $66.93 million in the last twelve months, though experiencing a significant decline of approximately 40% year-over-year. The company’s current market capitalization stands at $8.75 million.
For the fourth quarter, Yunji reported a series of financial metrics that reflect the company’s business operations. InvestingPro analysis reveals that the company faces profitability challenges, with an EBITDA of -$13.18 million in the last twelve months. Despite these challenges, the company maintains a healthy liquidity position with a current ratio of 2.0, indicating strong ability to meet short-term obligations. The stock has shown recent momentum, gaining over 11% in the past week, though trading at a notably low Price-to-Book ratio of 0.06.
Yunji Inc., which operates under the retail stores sector with a classification of "RETAIL-RETAIL STORES, NEC [5990]," is incorporated in the region of E9 with a fiscal year-end on December 31. The company’s business address is in the Xiaoshan District of Hangzhou, Zhejiang Province, in the People’s Republic of China.
The report, filed as a 6-K form, is a requirement for foreign private issuers under the rules 13a-16 or 15d-16 of the Securities Exchange Act of 1934. This form is used to ensure that U.S. investors have access to the same information as other international investors. Yunji Inc. confirms that it files annual reports under the cover of Form 20-F.
Yunji’s report for April 2025 was signed by Senior Financial Director Yeqing Cui, indicating the company’s compliance with the SEC’s reporting requirements.
Investors and stakeholders are advised that this information is based on the company’s SEC filing. The 6-K form serves as an official document to communicate to the public and investors about the company’s financial status and operations.
While the 8-K data provided does not include specific financial figures or detailed analysis, it does confirm that Yunji Inc. has made its latest financial data publicly available for scrutiny and investor consideration. For investors seeking deeper insights, InvestingPro offers comprehensive analysis including 10 key ProTips and detailed financial metrics, available in the Pro Research Report - part of the extensive coverage of over 1,400 US-listed companies.
In other recent news, Yunji reported a significant decrease in its fourth-quarter revenue, which fell 35% year-on-year to 97.1 million yuan from 149.1 million yuan. The company also noted a reduction in its loss per share, which decreased to 1.0 RMB cents from 3.0 RMB cents in the same period the previous year. This drop in sales has been linked to weak consumer confidence and Yunji’s strategic efforts to refine its product selection across all categories. The company is also focusing on optimizing its selection of suppliers and merchants, a move intended for long-term sustainability. However, these strategies have had a short-term impact on sales. Despite these challenges, Yunji continues to adjust its business approach to align with market demands. Investors and analysts are closely monitoring these developments to gauge the company’s future performance.
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