Yunji Inc reported a reduced net loss for the first half of 2026 as revenue fell sharply, reflecting ongoing challenges in its e-commerce operations. The company posted a net loss of RMB 72.4 million, an improvement of 28.1% from the RMB 100.7 million loss in the same period a year earlier. Total revenue declined 39.2% year-over-year to RMB 96.3 million, down from RMB 158.3 million.
Merchandise sales revenue, which accounted for the majority of total revenue at RMB 82.4 million, declined alongside marketplace business revenue, which totaled RMB 13.7 million. Gross margin remained stable at approximately 41%, while cost of revenues decreased 31.9% to RMB 56.8 million. Operating loss narrowed by 60.8% to RMB 39.4 million, compared with RMB 100.4 million in H1 2025, according to Senior Financial Director Nan Song.
Total operating expenses fell 38.8% to RMB 109.7 million, driven by reductions across fulfillment, sales and marketing, technology, and general and administrative costs. Fulfillment expenses dropped 50% to RMB 10.3 million, while sales and marketing expenses decreased 21.2% to RMB 39.5 million. General and administrative expenses declined 49.1% to RMB 47.5 million. Basic and diluted loss per share improved to RMB 0.04 from RMB 0.05.
Cash and cash equivalents increased to RMB 242.1 million as of June 30, 2026, up from RMB 216.1 million at year-end 2025. The company maintained a price-to-book ratio of 0.15 and a current ratio of 1.41. Self-operating merchandise accounted for approximately 70% of total sales, with private-label products comprising 56% of revenue.
Yunji highlighted supply chain traceability initiatives, noting that 30 events were held during the period. A traceability event for Baiyue Shan birch sap on April 13 drove H1 sales up 128% year-over-year and 146% compared with H2 2025. A similar event for Baiyue Shan wolfberry puree on June 17 boosted H1 sales by 13% YoY and 366% versus H2 2025. The SUYE Skincare Condensing Essence Oil achieved 29% sequential sales growth in the first half.
Shares of Yunji fell 9.17% in premarket trading to $3.8602, extending declines from the prior session’s close of $4.25. The stock remains well above its 52-week low of $1.1101 but far below its 52-week high of $13.97. Prior to the drop, shares had surged 119% in the prior week and gained 260% year-to-date, leaving the company with a market capitalization of $20.93 million.
