28.
RELATED PARTY BALANCES AND TRANSACTIONS
The
table below sets forth the major related parties and their relationships with the Group as of December 31, 2025:
SCHEDULE
OF MAJOR RELATED PARTIES AND THEIR RELATIONSHIPS WITH GROUP
| Name
of related parties |
|
Relationship
with the Group |
| |
|
|
| Small
Ye Group |
|
Controlled
by Mr. Xiao Shanglue, Founder and CEO of the Group |
| Guangdong
Weixin Technology Co., Ltd. (“Weixin”)* |
|
An
associate of the Group (incorporated in 2018) |
| Hangzhou
Bixin Biotechnology Co., Ltd. (“Bixin”)* |
|
An
associate of the Group (incorporated in 2019) |
| Shanxi
Yunnong Logistic Management Co., Ltd. (“Yunnong”)* |
|
An
associate of the Group (incorporated in 2019) |
| Zhejiang
Jimi E-commerce Co., Ltd. (“Jimi”) |
|
An
associate of the Group (incorporated in 2020) |
| Zhejiang
Jibi Technology Co., Ltd. (“Jibi”) |
|
An
associate of the Group (incorporated in 2020) |
| Hangzhou
Yin Yu Guo Media Co., Ltd. (“Yin Yu Guo”) |
|
An
associate of the Group (incorporated in 2025) |
| * | | The investments
in these associates were disposed by the Group in 2024 and 2025. |
YUNJI INC.
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
(All amounts in thousands, except
for share and per share data, unless otherwise noted)
28.
RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)
The
Group entered into agreements with aforementioned equity method classified investees as related party transactions, including purchase
of merchandise from them and marketplace services provided to them. Details of related party balances and transactions as of December
31, 2023, 2024 and 2025 are as follows:
SCHEDULE OF RELATED PARTY BALANCES AND TRANSACTIONS
Advance
to related parties and amounts due from related parties
| | |
2024 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| | |
| | |
| |
| Amounts due from related parties | |
| | | |
| | |
Yin Yu Guo | |
| - | | |
| 60 | |
| Jimi | |
| 495 | | |
| - | |
| Others | |
| 167 | | |
| 165 | |
| Total | |
| 662 | | |
| 225 | |
| Due from related parties,
current | |
| 662 | | |
| 225 | |
Amounts due to related parties
| | |
2024 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| | |
| | |
| |
| Yin Yu Guo | |
| - | | |
| 1,300 | |
| Jibi | |
| 671 | | |
| 671 | |
| Small Ye Group | |
| 602 | | |
| 602 | |
| Jimi | |
| 125 | | |
| 28 | |
| Others | |
| 247 | | |
| 235 | |
| Due to related parties,
current | |
| 1,645 | | |
| 2,836 | |
The
terms of the agreements the Group entered into with the related parties are comparable to the terms in arm’s-length transactions
with third-party customers and vendors.
SCHEDULE OF RELATED PARTY TRANSACTIONS
Transactions
with related parties
| | |
Year Ended December
31, 2023 | | |
Year Ended December
31, 2024 | | |
Year Ended December
31, 2025 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Purchase of merchandise | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | |
| Jimi | |
| 16,353 | | |
| 6,423 | | |
| 1,172 | |
| Bixin | |
| 1,852 | | |
| 855 | | |
| - | |
| Yunnong | |
| 1,286 | | |
| - | | |
| - | |
| Others | |
| 3,105 | | |
| 273 | | |
| 196 | |
| Purchases of merchandise
from related parties | |
| 22,596 | | |
| 7,551 | | |
| 1,368 | |
YUNJI INC.
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
(All amounts in thousands, except
for share and per share data, unless otherwise noted)
28.
RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)
Transactions
with related parties (continued)
| | |
Year Ended December
31, 2023 | | |
Year Ended December
31, 2024 | | |
Year Ended December
31, 2025 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Marketplace service provided to related parties | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | |
| Jimi | |
| 1,501 | | |
| 646 | | |
| 17 | |
| Bixin | |
| 1,075 | | |
| 590 | | |
| - | |
| Others | |
| 80 | | |
| - | | |
| - | |
| Market place service
provided to related parties | |
| 2,656 | | |
| 1,236 | | |
| 17 | |
| | |
| | | |
| | | |
| | |
| Other goods and services provided to related parties | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | |
| Jimi | |
| 56 | | |
| 38 | | |
| 21 | |
| Bixin | |
| 172 | | |
| 12 | | |
| - | |
| Others | |
| 86 | | |
| - | | |
| 10 | |
| Other
goods and service provided to related parties | |
| 314 | | |
| 50 | | |
| 31 | |
|