111, Inc. Reports Narrower Net Loss Amid Weak Revenues

111, Inc. narrows its net loss to $2.72 million, seeing weak revenues at $527.14 million. With confidence in future growth, the company highlights long-term opportunities despite a challenging environment.

Date: 20-03-2025

AI Rating: 6

Net Income: 111, Inc. has shown improvement in net loss, with the report indicating a net loss attributable to ordinary shareholders of RMB19.84 million ($2.72 million) compared to a significantly larger loss of RMB210.37 million the previous year. This indicates better performance year-over-year.

Loss Per ADS: The loss per American Depositary Share (ADS) has also narrowed from RMB2.48 ($0.36) to RMB0.22 ($0.04), which is a significant positive metric for investors as it shows reduced losses per share.

Adjusted Attributable Net Loss: The adjusted attributable net loss improved to RMB14.8 million ($2.0 million) from RMB59.0 million in the same quarter of the previous year, further underscoring the company's ability to manage losses effectively.

Revenue Growth: On the revenue side, net revenues decreased by 6.3 percent to RMB3.85 billion ($527.14 million) from RMB4.11 billion last year. This decline in revenues is a negative indicator, as it reflects challenges faced by the company in the current macroeconomic environment.

Outlook: Despite the current challenges, CEO Junling Liu expressed confidence that the toughest period has passed and emphasized long-term growth opportunities in digital healthcare and pharmaceutical sales. This optimistic forward-looking statement could positively affect investor sentiment.

Stocks: YI