111, Inc. (YI) has released an update.
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111, Inc., a leader in China’s tech-enabled healthcare space, reported a slight dip in fourth-quarter 2023 revenues by 1% year-over-year, and a gross segment profit decrease of 15.5%. However, the company saw an annual revenue increase of 10.6% and a modest growth in gross segment profit of 1.1% for the fiscal year 2023. The firm remains dedicated to improving operational efficiency and expanding its services, despite an uptick in operational loss percentage compared to the previous year.
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