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Stock impact report

Yunji Announces First Quarter 2024 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 first quarter ended March 31, 2024 [1] First Quarter 2024 Highlights Total revenues in the first quarter of 2024 were RMB127.9 million US$17.7 million ), compared with RMB178.7 million in the same period of 2023. 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 March 31, 2024 was 74.4%. Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, "Last month, we celebrated Yunji's ninth anniversary, marking this milestone with the unveiling of new initiatives and fresh visions. We are dedicated to working closely with our employees and service managers to further cultivate and grow our business in the beauty and healthcare sectors." "During the quarter, we ma Show less Read more
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