111, Inc. Announces Third Quarter 2020 Unaudited Financial Results
111, Inc. - American Depositary Shares (YI)
Company Research
Source: PR Newswire
SHANGHAI, Nov. 19, 2020 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading digital healthcare platform 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, 2020.Third Quarter 2020 HighlightsNet revenues were RMB2.36 billion (US$348.0 million), representing an increase of 112.8% year-over-year. Operating expenses [1] were RMB212.1 million (US$31.2 million), representing an increase of 28.2% year-over-year. Operating expenses accounted for 9.0% of net revenue this quarter as compared to 14.9% in the same quarter of last year. Number of pharmacies served increased to more than 300,000 (representing 57% of the total numbers of pharmacies in China) as of September 30, 2020, compared to more than 210,000 pharmacies as of September 30, 2019. B2B net revenue increased to RMB2.2 billion (US$324.3 million) this quarter as compared to RMB1.45 bil
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Sec Filings
- 3/21/24 - Form 6-K
- 2/27/24 - Form SC
- 2/27/24 - Form 6-K
- YI's page on the SEC website