Yunmi's revenue in the first half of 2023 was 1.3 billion yuan, a year-on-year decrease of 20%, with an adjusted net loss of 53.7 million yuan

According to news from this site on August 24, Yunmi today released its financial report for the first half of 2023 as of June 30. The financial report shows that Yunmi’s net revenue in the first half of 2023 was 1.3044 billion yuan (approximately US$179.9 million), compared with 1.6364 billion yuan in the same period last year. Net loss attributable to common shareholders was 54.9 million yuan (approximately $7.6 million), compared with a net loss of 89.6 million yuan a year earlier. Non-GAAP net loss attributable to common shareholders was 53.7 million yuan (approximately $7.4 million), compared with a net loss of 75.6 million yuan in the same period last year.

Operation results for the first half of 2023:

As of now, the cumulative number of household users has reached approximately 8.1 million, compared with the same period in 2022 Of approximately 7.2 million, there has been a significant increase
The proportion of home users with at least two connected products is 22.9%, compared with 22.0% in the same period in 2022.

Financial performance report for the first half of 2023:

Net revenue was 1.3044 billion yuan (approximately 179.9 million yuan US dollars), compared with 1.6364 billion yuan in the same period last year.
Gross profit in the same period last year was 391.5 million yuan, while this year it was 286.8 million yuan (approximately US$39.6 million). The gross profit margin has also declined, from 23.9% in the same period last year to 22.0% this year. Overall operating expenses were 361.8 million yuan (approximately US$49.9 million), compared with 519.4 million yuan in the same period last year. RMB decreased by 30.3%
R&D expenditure was 109.5 million yuan (approximately US$15.1 million), a decrease of 31.0% compared with 158.7 million yuan in the same period last year.
Sales and marketing expenses were 213.5 million yuan (approximately US$29.4 million), a decrease of 33.4% from 320.7 million yuan in the same period last year
General and administrative expenses were 38.8 million yuan (approximately 5.4 million U.S. dollars), a decrease of 2.8% from the same period last year, a smaller decrease
The operating loss amount was 68.2 million yuan (approximately 9.4 million U.S. dollars) million U.S. dollars), compared with the same period last year, the loss narrowed 43.6% million), compared with an operating loss of RMB 106.9 million in the same period last year.
Net loss attributable to common shareholders was 54.9 million yuan (approximately $7.6 million), compared with a net loss of 89.6 million yuan in the same period a year earlier.
Non-GAAP, the net loss attributable to ordinary shareholders was 53.7 million yuan (approximately 7.4 million U.S. dollars), compared with a net loss of 75.6 million yuan in the same period last year Ten thousand yuan.
• Yunmi founder and CEO

  Chen Xiaoping

  said: “In the first half of 2023, Constrained by sluggish consumer sentiment and the company's strategic adjustments,
our total revenue was RMB 1.3 billion, a year-on-year decrease of 20%, and our gross profit margin decreased by 1.9 percentage points year-on-year

. However, at the same time, We optimized our product portfolio by focusing on core product categories, increasing the revenue share of water purification products from 17% in the first half of 2022 to 22% in the same period of 2023. We believe that optimizing our product portfolio will benefit our long-term development sustainability. In addition, we have streamlined our organizational structure and improved operational efficiency. In the first half of 2023, our net loss narrowed, our operating expenses dropped by 30.3%, and our net loss rate dropped by 1.4 percentage points year-on-year."

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