111, Inc. (YI) Reports Q4 Loss of $0.24 on Revenues of $405.1M

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Go back to 111, Inc. (YI) Reports Q4 Loss of $0.24 on Revenues of $405.1M

111, Inc. Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results

March 18, 2021 6:10 AM EDT

SHANGHAI, March 18, 2021 /PRNewswire/ 111, Inc. ("111" or the "Company") (NASDAQ: YI), "), a leading tech-enabled healthcare platform company committed to digitally connecting patients with medicine and healthcare services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.

Fourth Quarter 2020 Highlights

Net revenues were RMB2.64 billion (US$405.1 million), representing an increase of 96.1% year-over-year. Gross Profit[1] was RMB103.6 million (US$15.9 million), representing an increase of 143.7% year-over-year. Operating expenses[2] were RMB248.3 million (US$38.1 million), representing an... More