Yunji Announces Third 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
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Source: Yahoo! Finance
platform, today announced its unaudited financial results for the third quarter ended September 30, 2024 [1] Third Quarter 2024 Highlights Total revenues in the third quarter of 2024 were RMB86.6 million US$12.4 million ), compared with RMB145.1 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 September 30, 2024 was 72.7%. Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, "Our strategic collaborations with premium suppliers across the country have strengthened our portfolio of healthy and organic food products. The positive customer feedback validates our commitment to quality and reinforces our position in the health-conscious market segment". "We continue to exercise prudent
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News
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