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Stock impact report

111, Inc. Announces First Quarter 2022 Unaudited Financial Results

111, Inc. - American Depositary Shares (YI) 
Company Research Source: PR Newswire
SHANGHAI, June 16, 2022 /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 first quarter ended March 31, 2022.First Quarter 2022 HighlightsNet revenues were RMB2.98 billion (US$470.5 million), representing an increase of 14.9% year-over-year.Gross segment profit (1) increased by 66.3% year-over-year, with B2B segment profit increasing by 90.7% year-over-year.Total operating expenses were RMB294.7 million (US$46.5 million), compared to RMB289.0 million in the same quarter of last year.  As a percentage of net revenues, total operating expenses decreased to 9.9% from 11.1% in the same quarter of last year, which reflected continuous improvement in our operation efficiency.Non-GAAP loss from operations (2) was RMB72.4 million (US$11.4 million), compared to RMB135.9million in the Show less Read more
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