Yunji (NASDAQ:YJ) has released its first quarter 2023 results, showing a decline in revenue by 48% compared to the same period in 2022. The company reported a net loss of CN¥22.9m, which represents a 37% improvement from the previous year. The loss per share also improved, with a decrease from CN¥0.17 in 1Q 2022 to CN¥0.12 in the current quarter. These figures are based on the trailing 12 month (TTM) period.
Despite the financial challenges, Yunji shares have seen a significant increase of 52% in just one week. This positive trend may be encouraging for investors.
However, it is important to note that there are some warning signs for Yunji. Two warning signs have been identified, with one being particularly concerning. Investors should be cautious and thoroughly evaluate these risks before making any investment decisions.
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