111, Inc. Navigates Revenue Fluctuations

111, Inc. (YI) has released an update.

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.

For further insights into YI stock, check out TipRanks’ Stock Analysis page.