Welcome to our dedicated page for 111 news (Ticker: YI), a resource for investors and traders seeking the latest updates and insights on 111 stock.
111 Inc. (NASDAQ: YI), China's integrated online/offline healthcare platform, provides this centralized news hub for stakeholders tracking its pharmaceutical e-commerce and digital health services. Access official press releases and verified updates about corporate milestones, financial performance, and strategic initiatives.
This resource delivers timely updates on earnings reports, supply chain innovations, regulatory developments, and partnership announcements. Investors will find essential information about B2B healthcare distribution expansions, B2C retail pharmacy operations, and technological advancements in medical supply chain management.
Content spans operational updates across prescription drug distribution, OTC product launches, digital health service enhancements, and financial disclosures. Regular updates ensure comprehensive tracking of 111 Inc.'s role in transforming China's healthcare ecosystem through tech-enabled solutions.
Bookmark this page for streamlined access to YI's latest corporate communications. Combine these verified updates with Stock Titan's financial tools for informed analysis of this innovative healthcare platform's market position.
111, Inc. (NASDAQ: YI) has reported its Q4 and fiscal year 2024 financial results, marking significant milestones with its first-ever annual operating profit and positive operating cash flow. The company achieved income from operations of RMB2.1 million in 2024, a remarkable turnaround from an RMB350.1 million loss in 2023.
Q4 2024 net revenues were RMB3.8 billion (US$527.1 million), showing a 6.3% decrease YoY due to macroeconomic challenges. However, operating efficiency improved significantly, with total operating expenses decreasing by 470 basis points to 5.5% of net revenues.
For fiscal year 2024, net revenues reached RMB14.4 billion (US$2.0 billion), with operating expenses decreasing 230 basis points to 5.7%. The company generated positive operating cash flow of RMB263.0 million, ending the year with cash and equivalents of RMB518.3 million.
111, Inc. (NASDAQ: YI) has announced its participation in an upcoming fireside chat with Water Tower Research on March 26, 2025 at 11:00 a.m. ET. The event will feature Co-Founder, Chairman, and CEO Junling Liu discussing several key topics:
- Q4 2024 earnings results (to be reported on March 20, 2024)
- Company priorities and goals for 2025
- Updated overview of the macroenvironment
The tech-enabled healthcare platform company, focused on digitally transforming China's healthcare value chain, will host this listen-only event with WTR's senior research analyst Robert Sassoon. A replay will be available in the events section of 111's investor relations website at http://ir.111.com.cn/.
111, Inc. (NASDAQ: YI), a tech-enabled healthcare platform company in China, has scheduled the release of its unaudited financial results for Q4 and fiscal year 2024 (ended December 31, 2024) before U.S. market opens on March 20, 2025.
The company will host an earnings conference call at 7:30 AM U.S. Eastern Time (7:30 PM Beijing Time) on the same day. Participants must register in advance through the provided link to receive dial-in details. A live and archived webcast will be available, and a telephone replay will be accessible until March 27, 2025.
111, Inc. (NASDAQ: YI) has successfully regained compliance with Nasdaq's listing requirements. The company received confirmation from Nasdaq on February 10, 2025, that its American Depositary Shares maintained a closing bid price of $1.00 or higher for ten consecutive business days from January 24 to February 7, 2025, meeting Listing Rule 5450(a)(1) requirements. Nasdaq has officially closed this matter.
The company, which operates as a tech-enabled healthcare platform in China focusing on digitally empowering the healthcare industry's value chain, had previously faced listing compliance issues. This announcement confirms their successful resolution of the minimum bid price requirement.
111, Inc. (NASDAQ: YI) has announced plans to modify its American Depositary Shares (ADSs) ratio. The company will change the ratio from 1 ADS representing 2 Class A ordinary shares to 1 ADS representing 20 Class A ordinary shares. This change will effectively function as a one-for-ten reverse ADS split.
The underlying Class A ordinary shares will remain unchanged, with no new shares being issued or cancelled. ADS holders are not required to take any action as the change will be implemented through the ADS depositary. Trading will continue under the ticker symbol 'YI' on Nasdaq, with the ratio change expected to take effect on January 24, 2025. While the ADS price is anticipated to increase proportionally, the company cannot guarantee the post-change price will be equal to or exceed ten times the pre-change price.
111, Inc. (NASDAQ: YI) reported Q3 2024 financial results showing maintained operational profitability for the third consecutive quarter. Net revenues were RMB3.6 billion (US$513.1 million), relatively flat year-over-year. The company achieved income from operations of RMB2.4 million, compared to a loss of RMB80.4 million in the same quarter last year. Operating expenses decreased by 23.2% to RMB208.2 million, representing 5.8% of net revenues, an improvement of 160 basis points. The company maintained positive operating cash flow for three consecutive quarters, with Q3 generating RMB109.9 million.
111, Inc. (NASDAQ: YI) has announced its participation in a fireside chat with Water Tower Research on December 6, 2024 at 11:00 a.m. ET. The company's Co-Founder, Chairman, and CEO, Junling Liu, will discuss Q3 2024 earnings (to be reported on November 27, 2024), along with challenges, opportunities, and NASDAQ share price compliance issues. The tech-enabled healthcare platform company, focused on digitally transforming China's healthcare value chain, will host this listen-only event with WTR's senior research analyst Robert Sassoon. A replay will be available on 111's investor relations website.
111, Inc. (NASDAQ: YI) has rescheduled its Q3 2024 unaudited financial results announcement from November 28 to November 27, 2024, before U.S. market opens. The management team will host an earnings conference call at 7:30 AM U.S. Eastern Time (8:30 PM Beijing Time) on the same day. The company has provided registration details for the conference call and webcast, with replay access available until December 4, 2024.
111, Inc. (NASDAQ: YI) announced changes to its Board of Directors on November 4, 2024. Dr. Leon Lian Yong Chen has resigned from his director position for personal reasons, effective immediately. The company has appointed Mr. Yang "Luke" Chen, currently serving as Senior Finance Executive, as the new director. Dr. Chen had served on the board since May 2019. The company's Executive Chairman, Mr. Gang Yu, expressed gratitude for Dr. Chen's contributions and welcomed Luke Chen, highlighting his financial expertise and understanding of the business as valuable assets for the company's strategic initiatives.
111, Inc. (NASDAQ: YI), a leading tech-enabled healthcare platform in China, will join a fireside chat with Robert Sassoon from Water Tower Research on October 30, 2024 at 12:00 p.m. ET. Dr. Gang Yu, Co-Founder and Executive Chairman, will discuss the company's logistics network, including its fulfillment centers, operating models, and technological innovations. He will also cover the expansion plans. To register for this listen-only event, visit the provided link. A replay will be available under 'Events' on the company's investor relations website.
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