YJNasdaqRetail-Retail Stores, NECFiscal year ends December 31
Yunji Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026
$1.48−0.01 (-0.67%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
44.4%+15.7 pts over 5 years
Operating margin
-45.2%−43.5 pts over 5 years
Net margin
-42.0%−39.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -24.1% | -35.0% | -43.5% | – | |
| Gross profit | -31.8% | -34.6% | -38.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -10.6% | -13.2% | |
| Return on assets | – | -5.0% | -10.4% | |
| Current ratio | – | 1.75 | 1.41 | |
| Interest coverage | – | -15.3× | -271.1× | |
| Inventory turnover | – | 14.0× | 5.0× | |
| Capex to revenue | – | 1.5% | 21.7% | |
| Diluted shares | – | 2.13B | 1.97B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Yunji generated CN¥547.83M from operations and spent CN¥392.96M on capital expenditure, dividends and share buybacks. 70% of that went back into the business.
Generated
CN¥547.83M
Used
CN¥392.96M
Capital expenditureCN¥276.33M70%DividendsCN¥00%Share buybacksCN¥116.63M30%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-42.0%
×Asset turnover0.25×
×Equity multiplier1.27×
=Return on equity, FY2025-13.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -42.0% | 0.25× | 1.27× | -13.2% |
| FY2024 | -29.5% | 0.29× | 1.28× | -10.9% |
| FY2023 | -25.8% | 0.37× | 1.35× | -13.0% |
| FY2022 | -12.0% | 0.54× | 1.50× | -9.8% |
| FY2021 | -7.7% | 0.88× | 1.76× | -11.8% |
| FY2020 | -2.6% | 1.89× | 2.12× | -10.6% |
| FY2019 | -1.1% | 3.23× | -2.71× | 9.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-CN¥133.28M
- Cash generatingOperating cash flow above zero-CN¥57.78M
- Return on assets improvedROA up on the prior year-7.9% → -9.9%
- Earnings backed by cashOperating cash flow above net income-CN¥57.78M vs -CN¥133.28M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.97 → 1.41
- No dilutionShare count did not rise1.97B → 1.97B
- Gross margin improvedGross margin up on the prior year49.40% → 44.41%
- More efficientAsset turnover rose0.27 → 0.23