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Stock impact report

111, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]

111, Inc. - American Depositary Shares (YI) 
Company Research Source: Yahoo! Finance
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, 2023 Fourth Quarter 2023 Highlights Net revenues were RMB4.1 billion ( US$578.7 million ), representing a decrease of 1.0% year-over-year. Gross segment profit was RMB 214.3 million US$ 30.2 million ), decreased by 15.5% year-over-year. Total operating expenses were RMB420.8 million ( US$59.3 million ), compared to RMB361.9 million in the same quarter of last year. Excluding the share-based compensation expenses of RMB151.4 million for the quarter and RMB68.7 million for the same quarter last year, respectively, total operating expenses as a percentage of net revenues, decreased to 6.6% from 7.1% in the same quarter of last year. During the fourth quarter, the Company recorded the unrecognized share-based compensation of RMB153 million upon the cancellation of the share option plan at the Com Show less Read more
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