YUNJI INC Reports Revenue of CNY 167.1 Million and Net Income of CNY -41.5 Million for Q2 FY2023
August 26, 2023
🌥️Earnings Overview
For the second quarter of FY2023, YUNJI INC ($NASDAQ:YJ) reported total revenue of CNY 167.1 million and a net income of -CNY 41.5 million. Compared to the same quarter in FY2022, this represented a decrease of 41.1% in revenue and a decrease in net income of -16.3 million.
Stock Price
On Thursday, YUNJI INC announced their financial results for the second quarter of FY2023. In response to the news, YUNJI INC stock opened at $1.0 and closed at $0.8, down 15.6% from the previous closing price at $1.0. This marks a dramatic decline in the stock price as investors responded to the poor financial results reported by the company.
Many analysts are now concerned about YUNJI INC’s future prospects and are uncertain if the company can turn around its fortunes moving forward. In order to remain competitive, YUNJI INC must now focus on improving their financial performance in order to instill confidence in their investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yunji Inc. More…
| Total Revenues | Net Income | Net Margin |
| 873.46 | -140.93 | -13.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yunji Inc. More…
| Operations | Investing | Financing |
| -216.82 | 92.56 | -94.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yunji Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.69k | 395.38 | 64.21 |
Key Ratios Snapshot
Some of the financial key ratios for Yunji Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -52.9% | – | -10.6% |
| FCF Margin | ROE | ROA |
| -35.4% | -4.4% | -3.4% |
Analysis
GoodWhale has conducted an analysis of YUNJI INC‘s fundamentals, and based on our Star Chart YUNJI INC is classified as an ‘elephant’, a type of company we conclude is rich in assets after deducting off liabilities. We believe that this type of company may be interesting to value investors looking for dividend income, since YUNJI INC has a medium score for profitability and a weak score for dividend and growth. Additionally, YUNJI INC has an intermediate health score of 5/10 considering its cashflows and debt, and might be able to safely ride out any crisis without the risk of bankruptcy. More…
Peers
It is up against well-established companies such as WU BA Superior Products Holding Group Inc, Global Top E-Commerce Co Ltd, and Dada Nexus Ltd, all of which have a strong presence in the industry. Through its innovative solutions, Yunji Inc has rapidly developed itself into one of the most successful e-commerce companies in the world.
– WU BA Superior Products Holding Group Inc ($OTCPK:WBWB)
Superior Products Holding Group Inc is a leading manufacturer and global distributor of specialty chemicals and industrial products. The company has a market capitalization of 88.08k as of 2023. This market cap reflects its strong overall financial performance, with a Return on Equity (ROE) of 165.4%. This high ROE indicates that the company has been able to efficiently utilize its equity to generate significant returns for its shareholders. Superior Products Holding Group Inc has successfully developed a reliable and diverse portfolio of products, and its commitment to innovative research and development means that it is likely to remain a prominent player in its industry for the foreseeable future.
– Global Top E-Commerce Co Ltd ($SZSE:002640)
Global Top E-Commerce Co Ltd is an e-commerce company that specializes in selling products online. The company has a market capitalization of 7.68 billion dollars as of 2023, which indicates that it is a financially strong and well-known entity in the industry. Additionally, the company has a return on equity of 13.56%, indicating that it is well managed and profitable. These figures suggest that Global Top E-Commerce Co Ltd is a reliable and successful business which can offer quality products to its customers.
– Dada Nexus Ltd ($NASDAQ:DADA)
Dada Nexus Ltd is a technology company that focuses on developing innovative solutions for the e-commerce industry. As of 2023, Dada Nexus Ltd has a market capitalization of 1.77 billion, signaling a strong position in the e-commerce market. The company’s Return on Equity (ROE) is -16.96%. This is a sign that the company is not generating a satisfactory return on its equity investments. Despite this, the large market capitalization indicates that investors are confident in the company’s ability to generate returns.
Summary
YUNJI Inc. reported total revenue of CNY 167.1 million and a net income of CNY -41.5 million for the second quarter of FY2023, ending on June 30th 2023. This represented a 41.1% decrease in revenue and an increase in net income of -16.3 million year over year. The news impacted the stock price, driving it down. Investors should closely analyze YUNJI Inc.’s financial performance and future prospects as the company has seen significant decreases in revenue and income.
Investors should consider factors like the company’s competitive landscape, competitive advantages, and its ability to innovate and grow its market share to assess YUNJI Inc.’s long-term investment potential. They should also look at the company’s balance sheet, cash flow statement, and other financial metrics to determine how the stock will perform in the future.
