Yunji Q4 Revenue Falls 35%, Continues Strategy to Streamline Product Portfolio

Beijing, China – Yunji Inc. (NASDAQ: YJ), one of China’s leading e-commerce companies, announced that its fourth-quarter 2024 revenue fell 35% year-on-year to RMB97.1 million, compared to RMB149.1 million in the fourth quarter of 2023.

Earnings Improve Despite Revenue Decline
Despite the decline in sales, Yunji recorded a loss per share (EPS) that narrowed to RMB1.0 cents, a significant improvement from a loss of RMB3.0 cents in the same period last year.

Causes: Weak consumer confidence and restructuring strategy
Yunji said the decline in sales came from:

Weak consumer sentiment amid uncertainties in the Chinese economy.

A strategy to refine the product portfolio and cut back on underperforming items.

Optimizing the selection of suppliers and sales partners, which temporarily affected the supply of goods and short-term revenue.

This is part of a long-term plan to improve operational efficiency and aim for sustainable profits.

Opportunities for long-term investors?
In the context of Yunji restructuring its business model, some investors are wondering whether YJ shares are temporarily undervalued and have the potential to recover?

According to the ProPicks AI stock selection tool, restructuring stocks, if chosen at the right time, can generate outstanding profits in the long term. With over 150,000 paying members, ProPicks has correctly predicted many stocks that will rise more than 150% in 2024 alone.

Is YJ the next potential stock?
This is the time for investors to closely monitor Yunji's restructuring journey.