Yunji 1Q 2023 Earnings: CN¥0.12 loss per share (vs CN¥0.17 loss in 1Q 2022)

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.

If you have any feedback or concerns about the content of this article, please feel free to get in touch with us directly. You can also reach us via email at editorial-team (at) simplywallst.com.

It is important to mention that this article by Simply Wall St provides general information and analysis. The commentary is based on historical data and analyst forecasts, using an unbiased methodology. The article is not intended to serve as financial advice and does not recommend buying or selling any specific stock. Individual objectives and financial situations should be taken into account when making investment decisions. The aim of Simply Wall St is to provide long-term focused analysis driven by fundamental data. Please note that the analysis may not include the latest price-sensitive company announcements or qualitative material. Simply Wall St does not hold any positions in the mentioned stocks.

If you are interested in participating in a paid user research session, you can sign up here. By dedicating 1 hour of your time, you will receive a US$30 Amazon Gift card while helping us improve investing tools for individual investors like yourself.