Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Yunji Clocks 49% Revenue Decline In Q1

Published 31/05/2022, 19:12
Updated 31/05/2022, 20:15
© Reuters. Yunji Clocks 49% Revenue Decline In Q1

  • Yunji Inc (NASDAQ: YJ) reported a first-quarter FY22 sales decline of 49.3% year-on-year, to RMB342.6 million ($54 million), compared to RMB675.4 million last year.
  • The decrease was primarily due to the negative impact of the outbreaks of the highly-transmissible Delta and Omicron variants of COVID-19 in early 2022 on the company's operations.
  • The repeat purchase rate in the twelve months ended March 31, 2022, was 80.2%.
  • The operating expenses decreased by 43.2% Y/Y to RMB154.9 million ($24.4 million).
  • The operating margin was 0.7%, and operating income for the quarter was RMB2.4 million ($0.4 million).
  • The company held $117.2 million in cash and equivalents as of March 31, 2022.
  • Adjusted net loss was RMB(30.6) million or $(4.8) million) versus adjusted net income of RMB17.1 million a year ago. Loss per share for the quarter was RMB(0.02).
  • Price Action: YJ shares are trading lower by 6.03% at $1.09 on the last check Tuesday.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.