111 Stock Price, News & Analysis

111, Inc. (NASDAQ: YI) reported robust financial results for Q4 and FY 2020, with net revenues reaching RMB2.64 billion (US$405.1 million), up 96.1% YoY, and a total FY revenue of RMB8.20 billion (US$1.26 billion), a 107.6% increase. The gross profit surged 143.7% YoY to RMB103.6 million (US$15.9 million). Despite an operating expense rise of 17.9%, the non-GAAP net loss narrowed to RMB98.2 million (US$15.1 million), decreasing to 3.7% of net revenues. The company anticipates Q1 2021 revenues between RMB2.53 billion and RMB2.6 billion, reflecting a 61% to 65% growth YoY.

111, Inc. (NASDAQ: YI) announced a strategic cooperation with BeiGene to enhance cancer care in China. The partnership will utilize 111's tech-enabled healthcare platform and BeiGene's innovative oncology drugs to create a unique oncology management system. This system aims to improve patient access to treatments, expand service delivery, and enable efficient doctor-patient communication. Given the high cancer incidence in China, this collaboration seeks to address the urgent need for effective cancer care beyond major cities.

111, Inc. (Nasdaq: YI) recently announced the opening of two advanced fulfillment centers in Xi'an and Shenyang, China, enhancing its logistics efficiency. These centers support a network serving over 300,000 pharmacies, enabling 24-hour delivery in major cities and 72-hour nationwide delivery. This expansion increases the total fulfillment centers to eight, strategically located to strengthen the company's supply chain. Co-founder Dr. Yu Gang emphasized this move as a way to transform healthcare delivery, improving access for patients and reducing inefficiencies in the supply chain.

111, Inc. (NASDAQ: YI) will report its unaudited financial results for Q4 and fiscal year 2020 on March 18, 2021, before U.S. market opens. A conference call with management is scheduled for 7:30 AM ET the same day. Investors can access the call by registering online to receive dial-in details. The company focuses on connecting patients with healthcare services in China, providing access to pharmaceutical products and online healthcare through its platforms like 1 Drugstore and 1 Clinic.

On January 11, 2021, 111, Inc. (NASDAQ: YI) announced a strategic partnership with Jilin Baiyi Doctor Group to enhance digital healthcare services in Northeast China. This collaboration aims to leverage 111's SMART-enabled platform for efficient patient management and improved healthcare access. The partnership will allow for online consultations, diagnoses, and follow-up care, further aligning with government initiatives promoting multi-channel healthcare. Both companies are committed to improving service accessibility and healthcare outcomes for patients nationwide.

111, Inc. (NASDAQ: YI) announced a successful new capital injection of RMB515 million (approximately US$78.75 million) for its subsidiary, Yao Fang Shanghai, aimed at expanding its digital healthcare services in China. This follows a previous funding round of RMB419.82 million, totaling RMB934.82 million (approximately US$142.84 million) raised to date. The investment also supports a proposed listing on the Shanghai Stock Exchange's STAR Market by June 30, 2023. Investors include notable firms such as SAIF Partners and Huasai Fund.

111, Inc. (NASDAQ: YI) reported robust financial growth for Q3 2020, with net revenues reaching RMB2.36 billion (US$348.0 million), up 112.8% YoY. Operating expenses increased 28.2% to RMB212.1 million, representing 9.0% of revenues. The number of pharmacies served climbed to over 300,000, covering 57% of China’s pharmacies. B2B revenue soared to RMB2.2 billion, while non-GAAP net loss narrowed to 4%. The company expects Q4 revenues between RMB2.44 billion and RMB2.56 billion, indicating year-over-year growth of approximately 81% to 90%.

111, Inc. (NASDAQ: YI) will release its unaudited financial results for Q3 2020 on November 19, 2020, before U.S. market opens. An earnings conference call is scheduled for 7:30 AM ET on the same day. Participants must register in advance to receive dial-in details. The company, a major digital healthcare platform in China, connects patients with healthcare products and services through its online retail pharmacy, 1 Drugstore, and its offline virtual pharmacy network. Additionally, it provides online healthcare services via 1 Clinic and wholesale services through 1 Drug Mall.

On September 24, 111, Inc. formed a strategic partnership with Bayer Healthcare to enhance drug commercialization in China, particularly in tier 3-6 cities. This collaboration will leverage 111's omni-channel platform to improve drug accessibility and patient education for chronic disease management. The partnership aims to develop a digital content portal to facilitate online pharmacist training and patient services. Co-COO Wang Haihui expressed confidence in transforming healthcare delivery, while Bayer's Zhang Jingchuan highlighted the mutually beneficial nature of their expertise.