111 (YI) has released an update.
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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.
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