Yunji Inc (NAS:YJ)

Half Year 2026 Yunji Inc Earnings Call Transcript

Aug 20, 2026 / 11:30 AM GMT

Release Date Price: $3.98 (-6.35%)

Transcript

Key Points

Positve

Gross margin remained resilient at approximately 41% despite revenue decline.
Net loss narrowed significantly to RMB72.4 million from RMB100.7 million year-over-year.
Private label products now account for 56% of self-operated merchandise sales, supporting higher margins.
Successful product launches like Polygonum tea and SUYE Skincare Condensing Essence Oil drove growth.
Supply chain traceability events boosted sales, with birch sap sales up 128% year-over-year.
Operating expenses reduced by 38.8% year-over-year, reflecting strong cost discipline.
Cash position improved to RMB242.1 million from RMB216.1 million at end of 2025.

Negative

Total revenue declined sharply to RMB96.3 million from RMB158.3 million year-over-year.
Revenue decline driven by softer consumer spending and proactive exit of third-party merchants.
Net loss remains substantial at RMB72.4 million, indicating ongoing profitability challenges.
Market environment remains challenging, with no immediate recovery expected.
Fulfillment, sales, and technology expenses decreased partly due to reduced scale, not just efficiency.
General and administrative expenses increased due to impairment of property and equipment.
Revenue from marketplace business declined, reflecting reduced merchant activity.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

YJ.OQ - Yunji Inc
Half Year 2026 Yunji Inc Earnings Call
Aug 20, 2026 / 11:30AM GMT

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Conference Call Participants
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* Shanglue Xiao
Yunji Inc - Chairman of the Board of Directors and Chief Executive Officer
* Nan Song
Yunji Inc - Senior Financial Director
* Editor

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Presentation
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Operator [1]
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Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Yunji's first half 2026 earnings conference call. With us today are Mr. Shanglue Xiao Chao, Chairman and Chief Executive Officer; and Ms. Nan Song, Senior Financial Director. As a reminder, this conference call is being recorded.

Before we start, please note that this call will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act

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