111, Inc. (YI) Reports Q3 Loss of $0.41/ADS

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Go back to 111, Inc. (YI) Reports Q3 Loss of $0.41/ADS

111, Inc. Announces Third Quarter 2021 Unaudited Financial Results

November 19, 2021 12:31 AM EST

SHANGHAI, Nov. 19, 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 third quarter ended September 30, 2021.

Third Quarter 2021 Highlights

Net revenues were RMB3.35 billion (US$519.3 million), representing an increase of 41.6% year-over-year. Service revenue increased 106% year-over-year, among which B2B service revenue increased 336% year-over-year. Gross profit(1) increased 85% year-over-year and gross margin improved from 3.8% to 5.0%, among which gross profit for the B2B segment... More