111, Inc. Announces Second Quarter 2024 Unaudited Financial Results
111, Inc. - American Depositary Shares (YI)
Company Research
Source: PR Newswire
Maintained Operational Profitability for the Second Consecutive QuarterOperating Expenses as a Percentage of Revenues Decreased 120 Basis Points YoYHeld Positive Operating Cash Flow for Two Consecutive QuartersSHANGHAI, Aug. 29, 2024 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China, today announced its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 HighlightsNet revenues were RMB3.4 billion (US$471.2 million) and gross segment profit (1) was RMB 207.6 million (US$ 28.6 million), remaining relatively flat compared to the same quarter last year.Total operating expenses were RMB204.3 million (US$28.1 million), an improvement of 18.1% compared to RMB249.3 million in the same quarter of last year. As a percentage of net revenues, total operating expenses decre
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News
- 111 Inc. Announces Its Co-founders' Strategic Share Purchase and Highlights Continued Growth and InnovationPR Newswire
- A Look At The Fair Value Of 111, Inc. (NASDAQ:YI) [Yahoo! Finance]Yahoo! Finance
- 111, Inc. (YI) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- 111, Inc. to Participate in Fireside Chat with Water Tower Research on September 5, 2024PR Newswire
- 111 to Announce Second Quarter 2024 Unaudited Financial Results on August 29, 2024 - Conference Call to FollowPR Newswire
YI
Sec Filings
- 8/29/24 - Form 6-K
- 7/19/24 - Form 6-K
- YI's page on the SEC website