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Stock impact report

Yunji Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results [Yahoo! Finance]

Yunji Inc. - American Depository Shares (YJ) 
Last yunji inc. - american depository shares earnings: 3/24 05:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 [1] Fourth Quarter 2023 Highlights Total revenues in the fourth quarter of 2023 were RMB149.1 million US$21.0 million ), compared with RMB288.7 million in the same period of 2022. The change was primarily due to soft consumer confidence and the Company's continued strategy to refine its product selection across all categories and optimize its selection of suppliers and merchants, which had a near-term impact on sales. Repeat purchase rate [2] in the twelve months ended December 31, 2023 was 75.4%. Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, "Throughout 2023, we proactively explored and engaged in various trials and innovations to navigate the dynamic market landscape. We have successfully developed a number of new products that will be gradually launched in 2024, as we to strive to better serve consumer needs." "We will continue Show less Read more
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