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111, Inc. American Depositary Shares - YI STOCK NEWS

Welcome to our dedicated page for 111 American Depositary Shares news (Ticker: YI), a resource for investors and traders seeking the latest updates and insights on 111 American Depositary Shares stock.

111, Inc. (NASDAQ: YI) operates an integrated online and offline platform in the healthcare market in China. The company operates through two segments: B2B and B2C. 111, Inc. sells medical and wellness products through online retail, wholesale and retail pharmacies, and offline retail pharmacies. The company also provides value-added services like online consultation and e-prescription services.

The company's product portfolio includes:

  • Prescription and OTC Drugs: Western and traditional Chinese medicinal drugs.
  • Nutritional Supplements: Vitamins and dietary products.
  • Contact Lenses: A variety of contact lenses.
  • Medical Supplies and Devices: Bandages, thermometers, and more.
  • Personal Care Products: Skin care, birth control, and sexual wellness products.
  • Baby Products: A range of baby care products.

111, Inc. also manages an online marketplace enabling third-party sellers to reach pharmacies. The company’s online loan application services support clients of 1 Drug Mall. 111, Inc. derives a majority of its revenue from the B2B segment.

Recent achievements include:

  • Earnings Call Announcements: The company recently announced its Q3 2023 financial results showing net revenue growth of 9.5% year-over-year despite challenges in the macro-economy and retail pharmacy business.
  • Digital Innovations: The 111 technology team secured three patents and won several prestigious awards in 2023 for their contributions to digital healthcare.
  • Strategic Partnerships: 111, Inc. entered into a strategic direct supply partnership with Beijing Scrianen Pharmaceutical Co., Ltd., enhancing their collaboration to increase drug accessibility.

The company’s financial condition shows a strong trajectory with significant investments in digitalization and operational efficiency, ensuring sustainability and growth. The robust relationships with over 500 pharmaceutical partners and operational optimization for 450,000 retail pharmacies demonstrate their market leadership.

For more information on 111, please visit: http://ir.111.com.cn/.

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111, Inc. (NASDAQ: YI), a leading tech-enabled healthcare platform company in China, has announced its participation in a fireside chat with Water Tower Research on September 5, 2024, at 11:00 a.m. ET. The event will feature Junling Liu, Co-Founder, Chairman, and CEO of 111, discussing the company's Q2 2024 earnings, strategic plans for the second half of 2024, and recent technological innovations, including AI applications in its supply chain platform.

The fireside chat will be conducted by Robert Sassoon, senior research analyst at Water Tower Research. Interested parties can register for this listen-only event through the provided registration link. A replay of the discussion will be available on 111's investor relations website under the 'Events' section.

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111, Inc. (NASDAQ: YI), a leading tech-enabled healthcare platform company in China, has announced it will report its unaudited financial results for the second quarter ended June 30, 2024, before the U.S. market opens on Thursday, August 29, 2024. The company will host an earnings conference call at 7:30 AM U.S. Eastern Time on the same day.

Participants are required to register in advance using the provided link. Upon registration, they will receive dial-in details, passcode, and a unique access PIN. A live and archived webcast of the conference call will be available on the company's website. Additionally, a telephone replay of the call will be accessible until September 5, 2024.

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111, Inc. (NASDAQ: YI), a tech-enabled healthcare platform company in China, has appointed Grant Thornton Zhitong Certified Public Accountants LLP as its new independent registered public accounting firm. This change, effective July 19, 2024, replaces Deloitte Touche Tohmatsu Certified Public Accountants LLP. The decision was made after careful evaluation and approved by 111's board of directors and audit committee.

Grant Thornton will audit and report on 111's consolidated financial statements for the year ending December 31, 2024, as well as assess the effectiveness of the company's internal control over financial reporting. This change in auditors represents a significant shift in 111's financial oversight and reporting processes.

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111, Inc. (NASDAQ: YI), a leading tech-enabled healthcare platform company in China, has announced its participation in a fireside chat with Water Tower Research on July 18, 2024, at 2:00 p.m. ET. The event will feature Junling Liu, Co-Founder, Chairman, and CEO of 111, who will discuss the company's:

  • Business model
  • Strategic goals
  • Competitive landscape and advantages
  • Growth drivers
  • Market opportunities

The fireside chat is a listen-only event, and interested parties can register using the provided link. A replay will be available on 111's investor relations website under the 'Events' section.

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111, a leading tech-enabled healthcare platform, has entered into a strategic partnership with Beijing Scrianen Pharmaceutical to expand nationwide reach and improve drug accessibility. This collaboration will enhance their existing relationship, leveraging big data, digital marketing, and cloud services to make Scrianen's products, including Scrianen Folic Acid Tablets, more accessible both online and offline.

Since 2017, 111 has been a partner in Scrianen's Authentic Alliance. 111 operates an integrated healthcare ecosystem comprising online and offline pharmacies, digital distribution, and SaaS-based services. The partnership aims to utilize both companies' resources to deliver higher-quality healthcare products to a broader audience in China.

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111 announced its unaudited financial results for Q1 2024, achieving operational profitability for the first time with an operating income of RMB3.7 million. Net revenues were RMB3.5 billion, down 4.6% YoY due to high demand in Q1 2023. Operating expenses decreased 20.6% to RMB204.8 million, improving operational efficiency. Non-GAAP income rose to RMB8.9 million, a 259.2% increase. However, net loss was RMB2.7 million, down from RMB19.4 million YoY. Cash and equivalents stood at RMB627.3 million. The company plans to increase operational efficiency and market share through technology and cost-saving logistics innovations.

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111, Inc. (NASDAQ: YI) will release its unaudited financial results for Q1 2024 on May 23, 2024. The company aims to digitally connect patients with medicine and healthcare services in China. The earnings conference call will take place at 7:30 AM U.S. Eastern Time on the same day.

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111, Inc. (YI) announced its unaudited financial results for Q4 and fiscal year 2023, with net revenues of RMB4.1 billion in Q4 and RMB14.9 billion for the year. Despite a decrease in net revenues in Q4, the company saw growth in gross segment profit for the fiscal year. Operating expenses decreased, but losses from operations increased in Q4. The company emphasized operational efficiency improvements and digital innovation in the pharmaceutical sector.
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111, Inc. (YI) announces the release of its unaudited financial results for Q4 and fiscal year 2023 on March 21, 2024. The company aims to digitally connect patients with healthcare services in China.
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111, Inc. (YI) receives notice of withdrawal of going private proposals from consortium led by company co-founders Dr. Gang Yu and Mr. Junling Liu. Consortium terminates negotiations with special committee.
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FAQ

What is the current stock price of 111 American Depositary Shares (YI)?

The current stock price of 111 American Depositary Shares (YI) is $0.7401 as of December 23, 2024.

What is the market cap of 111 American Depositary Shares (YI)?

The market cap of 111 American Depositary Shares (YI) is approximately 69.4M.

What is 111, Inc.?

111, Inc. is a tech-enabled healthcare platform in China offering medical and wellness products through online retail and wholesale pharmacies, as well as offline retail pharmacies.

What products does 111, Inc. offer?

The company offers prescription and OTC drugs, nutritional supplements, contact lenses, medical supplies and devices, personal care products, and baby products.

How does 111, Inc. generate revenue?

111, Inc. generates revenue through its B2B and B2C segments, with the majority coming from B2B. This includes online and offline sales of medical and wellness products and value-added services like online consultation and e-prescription services.

What recent achievements has 111, Inc. made?

Recent achievements include Q3 2023 financial results showing 9.5% revenue growth, securing three patents, winning several digital healthcare awards, and entering into a strategic partnership with Beijing Scrianen Pharmaceutical Co., Ltd.

Who are 111, Inc.’s strategic partners?

111, Inc. has partnered with over 500 renowned domestic and international pharmaceutical companies. They also have ongoing collaborations with healthcare entities like Beijing Scrianen Pharmaceutical Co., Ltd.

What are the key services provided by 111, Inc.?

Key services include online retail of medical products, wholesale and retail pharmacy services, online consultation, e-prescription services, and an online marketplace for third-party sellers.

What is the financial condition of 111, Inc.?

As of the latest financial update, 111, Inc. shows a strong financial trajectory with investments in digitalization and operational efficiency, indicating sustainability and growth.

How does 111, Inc. leverage digital technology?

111, Inc. leverages digital technology through its online pharmacy, internet hospital, and digital pharmaceutical distribution services, ensuring efficient healthcare delivery and better patient management.

What is the significance of the partnership with Scrianen?

The partnership with Scrianen aims to enhance drug accessibility and market reach by leveraging big data, digital marketing, and cloud services.

Where can I find more information about 111, Inc.?

More information can be found on their investor relations website: http://ir.111.com.cn/.

111, Inc. American Depositary Shares

Nasdaq:YI

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69.39M
33.71M
16.16%
23.9%
0.04%
Medical Distribution
Healthcare
Link
United States of America
Shanghai