PRINCIPAL ACTIVITIES AND ORGANIZATION (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Accounting Policies [Abstract] |
|
| SCHEDULE OF PRINCIPAL SUBSIDIARIES |
As
of December 31, 2025, the Company’s significant subsidiaries are as follows:
SCHEDULE OF PRINCIPAL SUBSIDIARIES
| Subsidiaries | |
Place
of incorporation | |
Date
of incorporation or acquisition | |
Percentage
of direct or indirect | | |
Principal
activities |
| | |
| |
| |
| | |
|
| Yunji Holding Limited | |
Hong Kong | |
December 20, 2017 | |
| 100 | % | |
Investment holding |
| Zhejiang Youji Supply Chain Management Co.,
Ltd. | |
Hangzhou | |
November 30, 2016 | |
| 100 | % | |
Procurement |
| Zhejiang Jiyuan Network Technology Co., Ltd. | |
Hangzhou | |
August 14, 2018 | |
| 100 | % | |
Sales of merchandise |
| Yunji Hongkong Limited | |
Hong Kong | |
August 25, 2015 | |
| 100 | % | |
Sales of merchandise |
| Hangzhou Yunchuang Sharing Network Technology
Co., Ltd. | |
Hangzhou | |
June 13, 2018 | |
| 100 | % | |
Investment holding |
| Desking Technology (HK) Co., Limited | |
Hong Kong | |
July 26, 2016 | |
| 100 | % | |
Investment holding and Financing solution |
| Zhejiang Yunxuan Supply Chain Management Co.,
Ltd. | |
Hangzhou | |
August 9, 2018 | |
| 100 | % | |
Procurement |
Hangzhou Jichuang Network Technology Co., Ltd. | |
Hangzhou | |
May 23, 2016 | |
| 100 | % | |
Investment holding
|
Zhejiang Jishang Preferred E-Commerce Co., Ltd. | |
Hangzhou | |
April 22, 2016 | |
| 100 | % | |
Procurement |
| Zhejiang Fengji Technology Co., Ltd. | |
Hangzhou | |
June 2, 2020 | |
| 100 | % | |
Real estate investment |
| Hangzhou Yunlian Technology Information Co.,
Ltd. | |
Hangzhou | |
January 4, 2024 | |
| 100 | % | |
Real estate investment |
| Zhejiang Yunding Technology Information Co.,
Ltd. | |
Hangzhou | |
January 5, 2024 | |
| 100 | % | |
Real estate investment |
|
| SCHEDULE OF VARIABLE INTEREST ENTITIES |
As
of December 31, 2025, the Company’s consolidated VIE and its principal subsidiaries are as follows:
SCHEDULE OF VARIABLE INTEREST ENTITIES
| | |
Place
of incorporation | |
Date
of incorporation or acquisition | |
Percentage
of direct or indirect | | |
Principal
activities |
| | |
| |
| |
| | |
|
| VIE
and the VIE’s principal subsidiaries | |
| |
| |
| | | |
|
| Zhejiang Yunji Preferred E-Commerce
Co., Ltd. | |
Hangzhou | |
June 13, 2018 | |
| 100 | % | |
Investment holding |
| Zhejiang Jixiang E-commerce Co., Ltd. (“Jixiang”) | |
Hangzhou | |
August 14, 2018 | |
| 100 | % | |
E-Commerce |
| Ningbo Meishan Bonded Port Zone Jichuang Taihong
Venture Capital Partnership (Limited Partnership) (“Ningbo Meishan”) | |
Ningbo | |
January 15, 2019 | |
| 99.75 | % | |
Investment holding |
| Hangzhou Jiweixiang Food Co., Ltd. | |
Hangzhou | |
May 8, 2020 | |
| 100 | % | |
Distribution sales |
| Yunji Sharing Technology Co., Ltd. (“Yunji
Sharing”) | |
Hangzhou | |
March 5, 2018 | |
| 100 | % | |
Investment holding |
Shanghai Suye Cosmetics Co., Ltd. | |
Shanghai | |
December 4, 2014 | |
| 100 | % | |
Brand holding
|
Hangzhou Chuanchou Network Technology Co., Ltd. (“Hangzhou Chuanchou”) | |
Hangzhou | |
March 20, 2018 | |
| 100 | % | |
Sales of merchandise
|
|
| SCHEDULE OF RISKS IN RELATION IN BALANCE SHEET |
SCHEDULE OF RISKS IN RELATION IN BALANCE SHEET
| | |
2024 | | |
2025 | |
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| | |
| | |
| |
| Cash and cash equivalents | |
| 24,713 | | |
| 27,931 | |
| Restricted cash | |
| 22,465 | | |
| 21,768 | |
| Accounts receivable, net | |
| 55,637 | | |
| 2,718 | |
| Advance to suppliers | |
| 780 | | |
| 551 | |
| Inventories, net | |
| 1,608 | | |
| 110 | |
| Amounts due from the Group companies (1) | |
| 524,755 | | |
| 475,718 | |
| Amounts due from related parties | |
| 412 | | |
| 165 | |
| Prepaid expense and other current assets | |
| 45,858 | | |
| 49,295 | |
| Property, equipment and software, net | |
| 1,376 | | |
| 662 | |
| Long-term investments | |
| 205,795 | | |
| 199,800 | |
| Operating lease right-of-use assets | |
| 517 | | |
| - | |
| Other non-current assets | |
| 5,215 | | |
| 40,014 | |
| Total
assets | |
| 889,131 | | |
| 818,732 | |
| | |
| | | |
| | |
| Accounts payable | |
| 19,505 | | |
| 17,319 | |
| Deferred revenue | |
| 6,409 | | |
| 8,860 | |
| Incentive payables to members | |
| 66,039 | | |
| 50,635 | |
| Members management fee payable | |
| 884 | | |
| 1,604 | |
| Other payable and accrued liabilities | |
| 62,659 | | |
| 37,411 | |
| Amounts due to the Group companies (2) | |
| 877,561 | | |
| 877,987 | |
| Amounts due to related parties | |
| 1,411 | | |
| 2,591 | |
| Operating lease liabilities - current | |
| 213 | | |
| - | |
| Operating lease liabilities
- non-current | |
| 223 | | |
| - | |
| Total
liabilities (3) | |
| 1,034,904 | | |
| 996,407 | |
| (1) | | Amounts due from
the Group companies primarily consisted of inter-company receivables for the sales of goods and the rendering of services made by the
VIE and the VIE’s subsidiaries on behalf of other Group companies. |
| (2) | | Amounts due to
the Group companies primarily consisted of inter-company payables for the purchase of goods and services made by other Group companies
on behalf of the VIE and the VIE’s subsidiaries. |
| (3) | | Amounts of the
consolidated VIE and the VIE’s subsidiaries without recourse to the primary beneficiary is RMB 157,343 and RMB 118,420 as of December
31, 2024 and 2025, respectively |
| (4) | | “VIE”
referred to Zhejiang Yunji Preferred E-Commerce Co., Ltd., or Yunji Preferred, the variable interest entity, and, as the context requires,
Hangzhou Chuanchou Network Technology Co., Ltd. and Yunji Sharing Technology Co., Ltd., the former variable interest entities. |
|
| SCHEDULE OF RISKS IN RELATION IN FINANCIAL STATEMENTS |
SCHEDULE OF RISKS IN RELATION IN FINANCIAL STATEMENTS
| | |
RMB | | |
RMB | | |
RMB | |
| | |
Year
Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
| | |
| | |
| |
| Revenues: | |
| | | |
| | | |
| | |
| Third-party
revenues | |
| 316,382 | | |
| 234,870 | | |
| 51,028 | |
| Intra-Group
revenues | |
| 91,657 | | |
| 27,815 | | |
| 56,456 | |
| Total revenues | |
| 408,039 | | |
| 262,685 | | |
| 107,484 | |
| Operating cost and expenses: | |
| | | |
| | | |
| | |
| Third-party operating cost
and expenses | |
| (272,602 | ) | |
| (204,467 | ) | |
| (113,733 | ) |
| Intra-Group
operating cost and expenses | |
| (142,717 | ) | |
| (109,726 | ) | |
| (29,077 | ) |
| Total operating cost and
expenses | |
| (415,319 | ) | |
| (314,193 | ) | |
| (142,810 | ) |
| Net loss | |
| (7,276 | ) | |
| (51,435 | ) | |
| (32,194 | ) |
| | |
| | | |
| | | |
| | |
| Net cash provided by transactions with external
parties | |
| 231,606 | | |
| 35,563 | | |
| 269,849 | |
| Net cash used in transactions
with intra-Group entities | |
| (453,916 | ) | |
| (62,677 | ) | |
| (218,731 | ) |
| Net cash (used in)/generated from operating
activities | |
| (222,310 | ) | |
| (27,114 | ) | |
| 51,118 | |
| | |
| | | |
| | | |
| | |
| Net cash provided by/(used in) transactions
with external parties | |
| 9,028 | | |
| 82 | | |
| (36,127 | ) |
| Net cash generated by
transactions with intra-Group entities | |
| 118,831 | | |
| 18,588 | | |
| - | |
| Net cash generated by/(used in) investing activities | |
| 127,859 | | |
| 18,670 | | |
| (36,127 | ) |
| | |
| | | |
| | | |
| | |
| Net cash used in transactions with external
parties | |
| (16,379 | ) | |
| (10,683 | ) | |
| (887 | ) |
| Net cash provided by/(used
in) transactions with intra-Group entities | |
| 1,500 | | |
| 18,700 | | |
| (11,200 | ) |
| Net cash (used in)/generated by financing activities | |
| (14,879 | ) | |
| 8,017 | | |
| (12,087 | ) |
Effect of exchange
rate changes on cash, cash equivalents and restricted cash | |
| 301 | | |
| 260 | | |
| (383 | ) |
| Net (decrease)/increase in cash, cash equivalents
and restricted cash | |
| (109,029 | ) | |
| (167 | ) | |
| 2,521 | |
| Cash, cash equivalents
and restricted cash at beginning of year | |
| 156,374 | | |
| 47,345 | | |
| 47,178 | |
| Cash, cash equivalents
and restricted cash at end of year | |
| 47,345 | | |
| 47,178 | | |
| 49,699 | |
|