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Inc. Announces First Quarter 2026 Unaudited Financial Results Continuing Transition toward a More Asset-Light and Operationally Efficient Business Model Net Revenue of Promotional Products (1) Increased by 70.2% and Gros
111, Inc. reported its unaudited financial results for Q1 2026, highlighting a strategic transition towards a more asset-light and efficient business model. The company experienced a 70.2% increase in net revenue from promotional products, while total marketplace service revenue rose by 24.7% year-over-year. Despite these positives, overall revenue fell by 33.1%, leading to reduced gross profits and sustained net losses compared to the same quarter last year. The company is positioned for growth through technology integration and improved operational efficiency.
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Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results Continuing Transition to an Asset-Light Business Model to Improve Overall Efficiency Delivered Non-GAAP Operating Profitability in Both Q4'25 and FY'25
111, Inc. reported its financial results for the fourth quarter and fiscal year 2025, highlighting a successful transition towards an asset-light business model. The company achieved non-GAAP operating profitability for both the quarter and the full year, despite a revenue decline of 12.8% for FY'25 due to structural optimization efforts. The divestiture of subsidiaries allowed 111 to strengthen its platform and increase its marketing capabilities, notably reflected in a significant rise in sales for its flagship product 'Cravit'. Overall, the results show progress in margin expansion and a solid foundation for future growth.
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Inc. Announces Third Quarter 2025 Unaudited Financial Results Transition from An Asset-Heavy Business Model to An Asset-Light Business Model Achieved Quarterly Non-GAAP Net Profitability Maintained Non-GAAP Operational P
111, Inc. reported its third quarter 2025 financial results, highlighting a strategic transition to an asset-light business model. The company achieved non-GAAP operational profitability for the third consecutive quarter despite a challenging macroeconomic environment. However, it faced a 16.7% decrease in revenues year-over-year and reported a loss from operations. The divestiture of three subsidiaries aims to strengthen liquidity while maintaining service capabilities through partnerships.
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Inc. Announces Second Quarter 2025 Unaudited Financial Results Maintained Quarterly Operational Profitability Operating Expenses as a Percentage of Revenues Decreased 20 Basis Points YoY Maintained Positive Operating Cas
111, Inc. has reported its unaudited financial results for the second quarter of 2025, indicating a resilient business model amidst a challenging macroeconomic environment. While the company maintained operational profitability and a positive cash flow, revenues decreased by 6.4% compared to the previous year. Key highlights include significant growth in marketing promotional product sales and an expansion of fulfillment centers. However, the company also faced a decline in segment profits and an increase in non-GAAP net loss year-over-year.
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Inc. Announces First Quarter 2025 Unaudited Financial Results Maintained Quarterly Operational Profitability Operating Expenses as a Percentage of Revenues Decreased 30 Basis Points YoY Maintained Quarterly Positive Oper
111, Inc. announced its unaudited financial results for Q1 2025, reporting stable net revenues of RMB 3.5 billion amidst challenging market conditions. The company achieved operational profitability and successfully reduced operating expenses, highlighting its focus on efficiency. However, gross segment profit saw a year-over-year decline of 6.4%, and both B2C revenues and net loss attributable to shareholders increased compared to the previous year. The company remains committed to leveraging technology to enhance its operations and capture opportunities in the market.
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Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results Achieved First-Ever Annual Operating Profit Bottom Line Improved by RMB332.7 Million YoY in 2024 Operating Expenses as a Percentage of Revenues Decreas
111, Inc. reported its financial results for the fourth quarter and fiscal year of 2024, highlighting its first-ever annual operational profit of RMB2.1 million. Despite a slight decline in revenues, the company improved its operational efficiency, lowering total operating expenses significantly. The CEO emphasized the resilience of their business model amid a challenging macroeconomic environment and ongoing healthcare reforms. Looking ahead, 111, Inc. plans to invest further in AI and digital technologies to enhance its competitive position in the evolving healthcare landscape.
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Inc. Regains Compliance with NASDAQ Requirement SHANGHAI
111, Inc. has announced that it has regained compliance with NASDAQ Listing Rule 5450(a)(1) after the closing bid price of its American Depositary Shares remained above $1.00 for ten consecutive business days. This determination was communicated by NASDAQ on February 10, 2025, and the matter is now considered closed. The company, which operates a tech-enabled healthcare platform in China, is focused on reshaping the healthcare value chain while providing better access to pharmaceutical products and services.
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Inc. Announces ADS Ratio Change SHANGHAI
111, Inc. has announced a change in the ratio of its American Depositary Shares (ADS) to Class A ordinary shares, transitioning from one ADS representing two shares to one representing twenty. This change, which functions similarly to a one-for-ten reverse ADS split, is slated to take effect on January 24, 2025. While it is anticipated that the ADS price will increase proportionally following the change, the company has indicated uncertainty regarding achieving a specific price point. The company emphasizes that no action is needed from ADS holders for this change to be implemented.
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Inc. Announces Third Quarter 2024 Unaudited Financial Results Maintained Operational Profitability for the Third Consecutive Quarter Operating Expenses as a Percentage of Revenues Decreased 160 Basis Points YoY Held Posi
111, Inc. reported its unaudited financial results for Q3 2024, highlighting operational profitability for the third consecutive quarter with income from operations at RMB2.4 million. Despite a 1.8% decrease in gross revenues and significant declines in B2C revenues, the company successfully reduced operating expenses and emphasized continued investment in technology and infrastructure. The CEO remarked on the resilience of the business model amid macroeconomic challenges and expressed confidence in long-term growth opportunities within the pharmaceutical sector.
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Inc. Announces Change to Board of Directors SHANGHAI
111, Inc. announced a change to its Board of Directors, with Dr. Leon Lian Yong Chen resigning for personal reasons. The company appointed Mr. Yang 'Luke' Chen as a new director, effective immediately. Dr. Chen has been recognized for his valuable contributions since joining the board in 2019. Mr. Gang Yu expressed optimism regarding Mr. Yang's financial expertise and its importance for the company's future initiatives.
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Inc. Announces Second Quarter 2024 Unaudited Financial Results Maintained Operational Profitability for the Second Consecutive Quarter Operating Expenses as a Percentage of Revenues Decreased 120 Basis Points YoY Held Po
111, Inc. announced its second quarter 2024 financial results, reporting operational profitability for the second consecutive quarter despite a tough macroeconomic environment. The company achieved income from operations of RMB3.3 million, a significant recovery from a loss the previous year. Although revenues decreased by 1.5%, operational efficiency improved with reduced expenses. Furthermore, the company highlighted technological advancements and strategic partnerships aimed at market growth.
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Inc. Announces First Quarter 2024 Unaudited Financial Results Turned to Quarterly Operational Profitability for the First Time Operating Expenses as a Percentage of Revenues Decreased 120 Basis Points YoY to 5.8% Achieve
111, Inc. has reported its first quarter financial results for 2024, marking a significant milestone with operational profitability achieved for the first time. The company's income from operations reached RMB3.7 million, a positive shift from the prior year's operational loss. Despite a decrease in overall revenue due to a high baseline from the previous year during the pandemic, the company has demonstrated substantial growth in non-GAAP income from operations. By optimizing expenses and enhancing operational efficiency, 111, Inc. is well-positioned for future growth opportunities in the tech-enabled healthcare sector.
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Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results SHANGHAI
111, Inc. announced its financial results for the fourth quarter and fiscal year ending December 31, 2023. The company reported a slight decrease in net revenues for the fourth quarter, alongside a notable drop in gross segment profit. Despite these challenges, the company achieved overall revenue growth for the fiscal year and has made strides in operational efficiency and digital innovation within the healthcare sector. Significant accolades for their efforts in technology integration highlight 111, Inc.'s proactive approach in enhancing operational capabilities.
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Announces Receipt of Withdrawal of Going Private Proposal 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to digitally connecting patients with medicine and h
111, Inc. (NASDAQ: YI) has announced the withdrawal of a going private proposal from a consortium led by its co-founders. The consortium originally submitted two proposals in September and October 2022 but has decided to terminate negotiations with the company's board. This development raises questions about the company's strategic direction and investor confidence moving forward.
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Inc. Announces Third Quarter 2023 Unaudited Financial Results SHANGHAI
111, Inc. announced its unaudited financial results for Q3 2023, reporting a 9.5% increase in net revenue to RMB3.7 billion. Despite challenges in the macroeconomy and the retail pharmacy sector, the company's operational loss decreased compared to the previous year. They have achieved operational efficiency improvements, reducing expenses as a percentage of revenues. However, the gross segment profit declined 5.6%, highlighting ongoing challenges in specific areas.
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Inc. Announces Second Quarter 2023 Unaudited Financial Results SHANGHAI
111, Inc. reported its unaudited financial results for Q2 2023, highlighting a 14.5% increase in net revenue compared to the same quarter last year. The company's operational loss was reduced considerably, demonstrating improved financial performance after years of consistent growth. Significant advancements in digital technology and partnerships, particularly with Tencent, are set to enhance service delivery and operational efficiency. Overall, the company remains optimistic about maintaining its growth trajectory in the competitive healthcare sector in China.
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Inc. Announces First Quarter 2023 Unaudited Financial Results SHANGHAI
111, Inc. reported its unaudited financial results for the first quarter of 2023, showcasing significant growth with a 23.9% rise in net revenue to RMB3.7 billion. The company also marked its 19th consecutive quarter of year-over-year growth. Notably, for the first time, Non-GAAP income from operations turned positive, indicating a successful operational turnaround. However, challenges persist in the B2C segment, where service revenue has seen a drastic decline of 40.9%. Despite a reported operational loss, overall efficiency has improved significantly, showcasing the company's potential for future profitability.
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Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results SHANGHAI
111, Inc. reported its financial results for the fourth quarter and fiscal year 2022, showing a 19.9% increase in net revenue to RMB 4.1 billion. The company also achieved positive operating cash flow for the second consecutive quarter and narrowed its non-GAAP loss from operations. Despite the impact of lockdowns, 111, Inc. managed to achieve growth and improve its margin profile. However, the B2C segment experienced a decline, highlighting some ongoing challenges within the company's overall performance.
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Inc. Announces Third Quarter 2022 Unaudited Financial Results SHANGHAI
111, Inc. Announces Third Quarter 2022 Unaudited
SHANGHAI, December 1, 2022 /PRNewswire/ -
111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to digitally
connecting patients with medicine and healthcare services in Ch
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Inc. Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee SHANGHAI
Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee
23, 2022 /PRNewswire/
-- 111, Inc. ( "111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company in China,
announced today that the special committee (the "Spec
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Inc. Receives Unsolicited Preliminary Non-Binding Proposal to Acquire the Company SHANGHAI
Inc. Receives Unsolicited Preliminary Non-Binding Proposal to Acquire the Company
9, 2022 /PRNewswire/
-- 111 Inc. ( "111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company in China,
today announced that its Board of Directors (the "Board") has
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Inc. Announces Second Quarter 2022 Unaudited Financial Results SHANGHAI
111, Inc. Announces Second Quarter 2022 Unaudited
SHANGHAI, August 25, 2022 /PRNewswire/ -
111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to digitally
connecting patients with medicine and healthcare services in Ch
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Inc. Announces First Quarter 2022 Unaudited Financial Results SHANGHAI
First Quarter 2022 Unaudited Financial Results
2022 /PRNewswire/ - 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform
company committed to digitally connecting patients with medicine and healthcare services in China, today announced its
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Inc. Provides Updates on its Status Under the Holding Foreign Companies Accountable Act SHANGHAI
111, Inc. Provides Updates on
its Status Under the Holding Foreign Companies Accountable Act
SHANGHAI, May 5, 2022
/PRNewswire/ -- 111 Inc. ( "111" or the "Company") (NASDAQ: YI), a leading
tech-enabled healthcare platform company in China, today announced that on May 4th, 20
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Inc. Announces Fourth Quarter and Fiscal Year 2021 Financial Results SHANGHAI
111, Inc. Announces Fourth Quarter and Fiscal
Year 2021 Financial Results
17, 2022 /PRNewswire/ - 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare
platform company committed to digitally connecting patients with medicine and healthcare service
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Inc. Announces Third Quarter 2021 Unaudited Financial Results SHANGHAI
111, Inc. Announces Third Quarter 2021 Unaudited
SHANGHAI, November 19, 2021 /PRNewswire/ -
111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to digitally
connecting patients with medicine and healthcare services in C
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Inc. Announces $10 Million Share Repurchase Program SHANGHAI, Sept.7, 2021 /PRNewswire/ -- 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to digitally connecti
Inc. Announces $10 Million Share Repurchase Program
2021 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare
platform company committed to digitally connecting patients with medicine and healthcare services in China, today announce
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Inc. Announces Second Quarter 2021 Unaudited Financial Results SHANGHAI
Second Quarter 2021 Unaudited Financial Results
SHANGHAI, August 27, 2021 /PRNewswire/ -
111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to digitally
connecting patients with medicine and healthcare services in Chin
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Inc. Announces First Quarter 2021 Unaudited Financial Results SHANGHAI
First Quarter 2021 Unaudited Financial Results
2021 /PRNewswire/ - 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform
company committed to digitally connecting patients with medicine and healthcare services in China, today announced its
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Inc. Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results SHANGHAI
111, Inc. Announces Fourth Quarter and
Fiscal Year 2020 Unaudited Financial Results
March 18, 2021 /PRNewswire/ - 111, Inc. ("111" or the "Company") (NASDAQ: YI), "), a leading tech-enabled
healthcare platform company committed to digitally connecting patients with medicine an
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Inc. Announces Additional Round of New Capital Injection Led by Esteemed List of Technology Investment Firms SHANGHAI
Announces Additional Round of New Capital Injection
by Esteemed List of Technology Investment Firms
December 22, 2020 /PRNewswire/ - 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading digital
healthcare platform company committed to digitally connecting patients with m
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Inc. Announces Third Quarter 2020 Unaudited Financial Results SHANGHAI
111, Inc. Announces Third Quarter 2020
Unaudited Financial Results
November 19, 2020 /PRNewswire/ - 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading digital
healthcare platform committed to digitally connecting patients with medicine and healthcare services in China,
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Inc. Announces New Capital Injection and Strategic Plan to Expand Access to China's Capital Markets Completion of new capital injection in principal subsidiary Yao Fang Shanghai Initiation to list shares of principal sub
New Capital Injection and Strategic Plan to
Expand Access to China's
SHANGHAI, August 20, 2020
/PRNewswire/ - 111, Inc. ("111" or the "Company") (NASDAQ: YI), a company dedicated to digitally connecting
patients with drugs and healthcare services in China, today announced the
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Inc. Announces First Quarter 2020 Unaudited Financial Results SHANGHAI
Announces First Quarter 2020 Unaudited Financial Results
May 21, 2020 (PR Newswire) - 111, Inc. ("111" or the "Company") (NASDAQ: YI), a Company dedicated to
digitally connecting patients with drugs and healthcare services in China, today announced its unaudited financial resul
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Inc. Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results SHANGHAI, CHINA
111, Inc. Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
SHANGHAI, CHINA - March 12, 2020 - 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today announced its unaudited financial res
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Inc. Announces Third Quarter 2019 Unaudited Financial Results SHANGHAI, CHINA November 14 , 2019 - 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, toda
111, Inc. Announces Third Quarter 2019 Unaudited Financial Results
SHANGHAI, CHINA November 14, 2019 - 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today announced its unaudited financial results for the thi
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Inc. Announces Second Quarter 2019 Unaudited Financial Results and US$10 Million Share Repurchase Program SHANGHAI
111, Inc. Announces Second Quarter 2019 Unaudited Financial Results
and US$10 Million Share Repurchase Program
SHANGHAI, Aug. 15, 2019 /PRNewswire/ 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today announc
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Announces Changes to its Board of Directors SHANGHAI
111 Announces Changes to its Board of Directors
SHANGHAI, May 16, 2019 111, Inc. (NASDAQ: YI) ( 111 or the Company ), a leading integrated online and offline healthcare platform, today announced that Dr. Leon Lian Yong Chen has been appointed as a new member to the board of dire
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Inc. Announces First Quarter 2019 Unaudited Financial Results SHANGHAI, CHINA May 16 , 2019 - 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today ann
111, Inc. Announces First Quarter 2019 Unaudited Financial Results
SHANGHAI, CHINA May 16, 2019 - 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today announced its unaudited financial results for the first qu
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Inc. Announces Fourth Quarter and Fiscal Year 2018 Unaudited Financial Results SHANGHAI, CHINA
111, Inc. Announces Fourth Quarter and Fiscal Year 2018 Unaudited Financial Results
SHANGHAI, CHINA - March 7, 2019 - 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today announced its unaudited financial resu
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Inc. Announces the Appointment of a New Chief Financial Officer
111, Inc. Announces the Appointment of a New Chief Financial Officer
SHANGHAI, China, February 27, 2019 (GLOBE NEWSWIRE) - 111, Inc. (Nasdaq: YI) ( 111 or the Company ), a leading integrated online and offline healthcare platform, today announced that Mr. Yang Chen has been appo
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Inc. Announces Management and Board Changes
111, Inc. Announces Management and Board Changes
SHANGHAI, China, Jan. 18, 2019 (GLOBE NEWSWIRE) 111, Inc. (NASDAQ: YI) ( 111 or the Company ), a leading integrated online and offline healthcare platform in China, today announced that Mr. Weihao Xu has resigned as Chief Financia
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Inc. Announces Third Quarter 2018 Unaudited Financial Results SHANGHAI, CHINA
111, Inc. Announces Third Quarter 2018 Unaudited Financial Results
SHANGHAI, CHINA - November 8, 2018 - 111, Inc. ( 111 or the Company ) (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today announced its unaudited financial results for the th
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