111 (YI) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
111, Inc. has sustained its operational profitability for a second quarter while decreasing operating expenses as a percentage of revenues by 120 basis points year over year, alongside maintaining a positive cash flow from operations. The company reported a stable gross segment profit of RMB 207.6 million and witnessed an overall improvement in operational efficiency, with a notable recovery from a loss in the previous year to an income from operations of RMB 3.3 million. These achievements underscore 111’s resilience and strategic efficiency in the digital healthcare sector amidst challenging economic conditions.
For further insights into YI stock, check out TipRanks’ Stock Analysis page.