$YJ

Yunji Inc.

CIK:0001759614|SEC Filings

Consolidated Statements of Comprehensive Loss ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2025 CNY (¥) ¥ / shares shares	Dec. 31, 2024 CNY (¥) ¥ / shares shares	Dec. 31, 2023 CNY (¥) ¥ / shares shares
Revenues:
Total revenues	$ 45,333	¥ 317,016	¥ 417,651	¥ 640,209
Operating cost and expenses:
Cost of revenues	(25,199)	(176,222)	(211,311)	(332,774)
Fulfilment	(4,849)	(33,910)	(76,126)	(107,472)
Sales and marketing	(14,688)	(102,715)	(96,965)	(121,039)
Technology and content	(4,045)	(28,288)	(45,627)	(53,490)
General and administrative	(18,143)	(126,875)	(130,462)	(120,951)
Total operating cost and expenses	(66,924)	(468,010)	(560,491)	(735,726)
Other operating income	1,083	7,574	6,544	14,898
Loss from operations	(20,508)	(143,420)	(136,296)	(80,619)
Financial (expense)/income, net	1,339	9,367	17,333	(60,226)
Foreign exchange (loss)/gain, net	229	1,601	2,127	(6,743)
Other non-operating income/(loss), net	(569)	(3,979)	785	(2,405)
Loss before income tax expense, and equity in loss of affiliates, net of tax	(19,509)	(136,431)	(116,051)	(149,993)
Income tax expense	(66)	(462)	(2,009)	(7,851)
Equity in (loss)/income of affiliates, net of tax	516	3,608	(5,061)	(7,276)
Net loss	(19,059)	(133,285)	(123,121)	(165,120)
Less: net income/(loss) attributable to non-controlling interests shareholders		(1)	(11)	9
Net loss attributable to YUNJI INC.	(19,059)	(133,284)	(123,110)	(165,129)
Net loss	(19,059)	(133,285)	(123,121)	(165,120)
Other comprehensive income/(loss)
Foreign currency translation adjustment	(1,308)	(9,149)	7,854	22,178
Total comprehensive loss	(20,367)	(142,434)	(115,267)	(142,942)
Less: total comprehensive income/(loss) attributable to non-controlling interests shareholders		(1)	(11)	9
Total comprehensive loss attributable to YUNJI INC.	(20,367)	(142,433)	(115,256)	(142,951)
Net loss attributable to ordinary shareholders	$ (19,059)	¥ (133,284)	¥ (123,110)	¥ (165,129)
Weighted average number of ordinary shares used in computing net loss per share
- Basic	1,970,423,265	1,970,423,265	1,967,498,669	1,971,108,505
- Diluted	1,970,423,265	1,970,423,265	1,967,498,669	1,971,108,505
Net loss per share attributable to ordinary shareholders
- Basic \| (per share)	$ (0.01)	¥ (0.07)	¥ (0.06)	¥ (0.08)
- Diluted \| (per share)	$ (0.01)	¥ (0.07)	¥ (0.06)	¥ (0.08)
Sales of Merchandise [Member]
Revenues:
Total revenues	$ 38,348	¥ 268,169	¥ 330,535	¥ 500,651
Market Place Revenue [Member]
Revenues:
Total revenues	6,657	46,553	79,466	130,188
Other Revenue [Member]
Revenues:
Total revenues	$ 328	¥ 2,294	¥ 7,650	¥ 9,370

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 CNY (¥)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Cash flows from operating activities:
Net loss	$ (19,059)	¥ (133,285)	¥ (123,121)	¥ (165,120)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,603	11,207	8,917	6,545
Shared-based compensation	40	279	2,430	(885)
(Gain)/loss from disposal of property, equipment and software	54	378	183	(350)
Equity in loss/(income) of affiliates	(516)	(3,608)	5,061	7,276
Changes in fair value for equity securities	(175)	(1,221)	(8,387)	80,923
Inventory write-downs	490	3,427	12,722	9,270
Foreign exchange loss/(income)	(545)	(3,811)	2,330	8,313
Amortization of right of use assets	318	2,223	3,601	1,742
Loss/(gain) on disposal of long-term investments and subsidiaries	891	6,234	(272)	23
Reverse stock splits expense			1,524	4,356
Allowance for expected credit losses	11,869	83,001	15,364	37,098
Impairment of long-lived assets other than goodwill			26,090
Changes in operating assets and liabilities:
(Increase)/decrease in accounts receivable	7,647	53,480	8,271	(39,363)
Decrease/(increase) in inventories	(2,142)	(14,979)	546	2,665
Decrease/(increase) in advance to suppliers	(53)	(368)	4,248	18,683
Decrease/(increase) in prepaid expenses and other current assets	(2,388)	(16,708)	12,930	32,464
Decrease/(increase) in other non-current assets	39	273	(128)	932
(Increase)/decrease in amounts due from related parties	62	437	699	(1,159)
Decrease in accounts payable	(729)	(5,100)	(29,745)	(24,722)
Decrease in incentive payables to members	(2,203)	(15,404)	(58,850)	(82,442)
(Decrease)/increase in member management fees payable	49	341	(3,110)	(6,714)
(Decrease)/increase in deferred revenue	360	2,519	(816)	(12,335)
Decrease in amount due to related parties	(16)	(109)	(1,890)	(7,073)
Decrease in other payable and accrued liabilities	(3,858)	(26,986)	(4,679)	(40,989)
Net cash used in operating activities	(8,262)	(57,780)	(126,082)	(170,862)
Cash flows from investing activities:
Purchase of property, equipment and software	(9,838)	(68,795)	(15,888)	(12,407)
Proceeds from disposal of property, equipment and software	21	145	105	640
Cash paid for short term investments	(6,180)	(43,215)		(7,159)
Cash received from maturity of short-term investments			7,350	214,374
Cash received from factorings services	8	59	850	50,694
Cash paid for loans provided to a third party	(5,191)	(36,300)
Cash received from repayment of loans provided to third parties	6,398	44,744	11,075	83,439
Cash received from disposal of long-term investments	1,121	7,836	4,158	3,481
Impact to cash resulting from deconsolidation of subsidiaries, net	715	5,000	2,021	1,743
Cash paid for long-term investments	(71)	(500)		(40,770)
Cash dividends received from long-term investments	400	2,796	559
Purchase of land use rights			(176,645)
Cash received from acquisition of a subsidiary, net			85
Net cash generated from/(used in) investing activities	(12,617)	(88,230)	(166,330)	294,035
Cash flows from financing activities:
Cash paid for repurchase of common stocks				(20,978)
Cash paid for reverse stock splits expense	(103)	(719)	(805)	(4,356)
Cash paid to a non-controlling shareholder			(196)
Proceed from short-term bank loans	17,407	121,730
Repayment of short-term bank loans	(11,680)	(81,680)
Cash used in merchant settlement, net	(91)	(635)	(12,318)	(17,399)
Net cash (used in)/generated from financing activities	5,533	38,696	(13,319)	(42,733)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(452)	(3,161)	3,852	7,528
Net increase/(decrease) in cash, cash equivalents and restricted cash	(15,798)	(110,475)	(301,879)	87,968
Cash, cash equivalents and restricted cash at beginning of the year	34,725	242,832	544,711	456,743
Cash, cash equivalents and restricted cash at the end of the year	18,927	132,357	242,832	544,711
Supplemental disclosure of cash flow information
Cash paid for income tax	257	1,796	3,532	4,128
Cash paid for interest expenses	72	¥ 504
Cash and cash equivalents	15,671			517,542
Restricted cash(Note 2.9)	3,256			27,169
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 18,927			¥ 544,711

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 CNY (¥)	Dec. 31, 2024 CNY (¥)
Current assets:
Cash and cash equivalents	$ 15,671	¥ 109,587	¥ 219,365
Restricted cash	3,256	22,770	23,467
Short-term investments	11,980	83,774
Accounts receivable, net	551	3,856	56,233
Advance to suppliers	1,455	10,178	9,810
Inventories, net	5,863	41,000	29,448
Amounts due from related parties	32	225	662
Prepaid expenses and other current assets, net	12,318	86,142	177,187
Total current assets	51,126	357,532	516,172
Non-current assets:
Property, equipment and software, net	39,857	278,726	205,450
Land use rights, net	24,313	170,021	174,437
Long-term Investments	44,037	307,956	364,534
Operating lease right of use assets, net	485	3,392	13,809
Other non-current assets, net	13,159	92,019	78,050
Total non-current assets	121,851	852,114	836,280
Total assets	172,977	1,209,646	1,352,452
Current liabilities (including amounts of the consolidated VIE and the VIE’s subsidiaries without recourse to the primary beneficiary of RMB 157,120 and RMB 118,420 as of December 31, 2024 and 2025, respectively)
Accounts payable	6,999	48,943	54,678
Deferred revenue	1,589	11,115	8,596
Incentive payables to members	7,241	50,635	66,039
Member management fees payable	229	1,604	1,263
Other payable and accrued liabilities	13,738	96,076	126,177
Amounts due to related parties	406	2,836	1,645
Short-term borrowings	5,731	40,075
Operating lease liabilities, current	214	1,498	3,845
Total current liabilities	36,147	252,782	262,243
Non-current liabilities (including amounts of the consolidated VIE and the VIE’s subsidiaries without recourse to the primary beneficiary of RMB 223 and nil as of December 31, 2024 and 2025, respectively)
Operating lease liabilities non-current	230	1,606	7,808
Other non-current liabilities	2,769	19,367	4,355
Total non-current liabilities	2,999	20,973	12,163
Total liabilities	39,146	273,755	274,406
Commitments and contingencies (Note 29)
Shareholders’ equity
Ordinary shares (US$0.000005 par value 20,000,000,000 shares authorized as of December 31, 2024 and 2025; 1,208,831,222 Class A ordinary shares and 949,960,000 Class B ordinary shares issued as of December 31, 2024 and 2025; 1,020,256,032 and 1,020,256,032 Class A ordinary shares and 949,960,000 and 949,960,000 Class B ordinary shares outstanding as of December 31, 2024 and 2025, respectively)	10	70	70
Additional paid-in capital	1,047,978	7,328,615	7,328,336
Statutory reserve	2,392	16,726	16,726
Accumulated other comprehensive income	12,011	83,996	93,145
Less: Treasury stock (188,575,190 shares as of December 31, 2024 and 2025, respectively)	(16,206)	(113,334)	(113,334)
Accumulated deficit	(912,448)	(6,380,841)	(6,247,557)
Total Yunji Inc. shareholders' equity	133,737	935,232	1,077,386
Non-controlling interests	94	659	660
Total shareholders' equity	133,831	935,891	1,078,046
Total liabilities and shareholders' equity	$ 172,977	¥ 1,209,646	¥ 1,352,452