111, Inc. ( (YI) ) has released its Q1 earnings. Here is a breakdown of the information 111, Inc. presented to its investors.
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111, Inc. is a tech-enabled healthcare platform company in China, focusing on enhancing the healthcare value chain through digital solutions and offering services such as online pharmacy and healthcare consultations.
In its first quarter of 2025, 111, Inc. reported stable net revenues of RMB3.5 billion, maintaining operational profitability and positive cash flow despite a challenging economic environment.
Key highlights include a slight decrease in operating expenses as a percentage of revenues, a reduction in selling and marketing expenses, and a continued focus on operational efficiency. However, the company experienced a decrease in income from operations and a net loss compared to the previous year.
Looking forward, 111, Inc. aims to leverage technology to further empower the healthcare value chain, with strategic investments in AI and digital solutions to enhance customer engagement and supply chain efficiency, positioning itself for long-term growth in the market.