Shulou(Shulou.com)11/24 Report--

According to the news in the afternoon of March 27, Beijing time, Yunmi today released its financial results for the fourth quarter and the whole year of 2022 as of December 31. Yunmi reported net revenue of 910.5 million yuan ($132 million) in the fourth quarter, compared with 1.3328 billion yuan in the same period in 2021.

The net loss attributable to common shareholders was 106.3 million yuan ($15.4 million), compared with a net profit of 22.7 million yuan in the same period in 2021. Without Non-GAAP, the net loss attributable to common shareholders was 101.6 million yuan ($14.7 million), compared with a net profit of 33.5 million yuan in the same period in 2021.

Net revenue for the whole of 2022 was 3.2327 billion yuan ($468.7 million), compared with 5.3038 billion yuan in 2021. The net loss attributable to common shareholders was 275.5 million yuan ($39.9 million), compared with a net profit of 88.6 million yuan in 2021. Without Non-GAAP, the net loss attributable to common shareholders was 256 million yuan ($37.1 million), compared with a net profit of 136 million yuan in 2021.

Fourth quarter operating results: the cumulative number of household users reached 7.7 million, compared with approximately 7.4 million by the end of the third quarter of 2022 and 6.6 million by the end of the fourth quarter of 2021.

The proportion of household users with at least two networking products is 22.5%, compared with about 22.3% by the end of the third quarter of 2022 and 21.5% by the end of the fourth quarter of 2021.

Fourth quarter financial results: net revenue was 910.5 million yuan ($132 million), compared with 1.3328 billion yuan in the same period in 2021.

Gross profit was 209.7 million yuan ($30.4 million), compared with 341.5 million yuan in the same period in 2021. The gross profit margin was 23.0%, compared with 25.6% in the same period in 2021.

Overall operating expenses were 274.7 million yuan ($39.8 million), down 19.4 percent from 340.7 million yuan in the same period in 2021.

The net loss attributable to common shareholders was 106.3 million yuan ($15.4 million), compared with a net profit of 22.7 million yuan in the same period in 2021.

Without Non-GAAP, the net loss attributable to common shareholders was 101.6 million yuan ($14.7 million), compared with a net profit of 33.5 million yuan in the same period in 2021.

As of December 31, 2022, Yunmi held a total of 737.1 million yuan ($106.9 million) in cash and cash equivalents, 76.1 million yuan ($11 million) in restricted cash, 171.5 million yuan ($2490 million) in short-term deposits and 1.971 billion yuan ($2860 million) in short-term investment.

Annual results for 2022: net revenue was 3.2327 billion yuan ($468.7 million), compared with 5.3038 billion yuan in 2021.

Gross profit was 737.1 million yuan ($106.9 million), compared with 1.1981 billion yuan in 2021. The gross profit margin was 22.8%, compared with 22.6% in 2021.

Overall operating expenses were 1.0365 billion yuan ($150.3 million), down 10.7 percent from 1.1605 billion yuan in 2021.

The net loss attributable to common shareholders was 275.5 million yuan ($39.9 million), compared with a net profit of 88.6 million yuan in 2021.

Without Non-GAAP, the net loss attributable to common shareholders was 256 million yuan ($37.1 million), compared with a net profit of 136 million yuan in 2021.

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