111 (YI) has released an update.
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.
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