Yunji Inc. (YJ) Reports Q4 Adjusted Net Income of $11.1M

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Go back to Yunji Inc. (YJ) Reports Q4 Adjusted Net Income of $11.1M

Yunji Inc. (YJ) Announces $20M Share Buyback; Reports Q4 Results

March 17, 2022 5:49 AM EDT

Yunji Inc. (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021[1] and the authorization by its board of directors of a US$20 million share repurchase program.

Fourth Quarter 2021 Highlights

Total revenues in the fourth quarter of 2021 were RMB471.4 million (US$74.0 million), compared with RMB1,327.4 million in the same period of 2020, primarily due to the Company's strategy to refine its product selection across all categories and carefully curate products to... More