111 (YI) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
111, Inc. reported its third consecutive quarter of operational profitability for Q3 2024, with net revenues standing at RMB3.6 billion. The company achieved a 10.5% year-over-year increase in gross segment profit, alongside a significant reduction in operating expenses, which fell by 23.2% from the previous year. These results underscore 111’s growing operational efficiency and its commitment to enhancing its competitive edge in the tech-enabled healthcare sector.
For further insights into YI stock, check out TipRanks’ Stock Analysis page.