111 - YI STOCK NEWS

On February 15, 2023, 111, Inc. (NASDAQ: YI) announced the launch of Hua Medicine's first official online flagship store during the HuaTangNing® Market Launch event. This collaboration aims to connect patients with healthcare services and enhance drug accessibility. The store will facilitate patient education on drug safety and provide innovative treatment information for diabetes. 111, Inc. plans to expand Hua Medicine's commercial presence while leveraging its digital tools for healthcare delivery. This milestone reinforces 111's position in China's tech-enabled healthcare sector, marking a crucial step toward innovative drug commercialization and patient management.

111, Inc. (NASDAQ: YI) reported its third-quarter financial results for 2022, achieving net revenues of RMB3.35 billion (US$470.8 million), a slight 0.1% increase year-over-year. Gross segment profit surged by 21.6%, while total operating expenses fell to RMB282.7 million (US$39.7 million), down from RMB341.4 million a year earlier. Non-GAAP loss from operations improved to RMB48.7 million (1.5% of net revenues), significantly better than the previous year's loss of RMB135.9 million. The company attributed its performance to enhanced operational efficiency amidst challenges from city lockdowns.

111, Inc. (NASDAQ: YI), a tech-enabled healthcare platform in China, will report its unaudited financial results for Q3 2022 on December 1, 2022, before U.S. market opens. The management will host an earnings call the same day at 7:30 AM EST. The company focuses on connecting patients with healthcare services through its online pharmacy, 1 Pharmacy, and internet hospital, 1 Clinic. It also provides a platform, 1 Medicine Marketplace, for pharmacies, enhancing drug accessibility and services across China.

111, Inc. (NASDAQ: YI) has formed a Special Committee comprising three independent directors to evaluate a preliminary non-binding proposal dated September 9, 2022, and potential strategic alternatives. The committee has engaged Houlihan Lokey China Limited as an independent financial advisor and Kirkland & Ellis as U.S. legal counsel. The Board advises shareholders that no decisions regarding the Proposal or any alternatives have yet been made, and no assurance is provided for any definitive agreements. The company continues to focus on connecting patients with healthcare services through its innovative platforms.

111 Inc. (NASDAQ: YI), a tech-enabled healthcare platform in China, announced that its Board has received an unsolicited preliminary non-binding proposal from Co-Founders Dr. Gang Yu and Mr. Junling Liu, along with Shanghai Guosheng Capital, to acquire all outstanding Class A shares at US$1.83 per share or US$3.66 per ADS. The proposal intends to fund the acquisition through equity capital, including cash contributions from the Sponsor. The Board has yet to evaluate the proposal, emphasizing no assurance of a definitive offer or agreement will occur.

111, Inc. (NASDAQ: YI) reported its unaudited financial results for Q2 2022, showcasing net revenues of RMB3.04 billion (US$453.4 million), up 0.4% YOY. Gross segment profit surged by 42.6%, with the B2B segment profit rising 55.1%. Operating expenses decreased to RMB271.7 million (US$40.6 million), down from RMB323.4 million last year, marking an improvement in operational efficiency. Despite challenges from COVID-19 lockdowns in Shanghai, non-GAAP loss from operations narrowed to RMB52.8 million (US$7.9 million), or 1.7% of net revenues, indicating progress towards profitability.

111, Inc. (NASDAQ: YI) will report its Q2 2022 unaudited financial results before U.S. markets open on August 25, 2022. An earnings conference call is scheduled for 7:30 AM U.S. Eastern Time on the same day. Participants must register online to receive dial-in details. 111, Inc. is a tech-enabled healthcare platform in China, connecting patients with pharmaceutical products and healthcare services through its online pharmacy and digital health services.

111, Inc. (NASDAQ: YI) reported first quarter 2022 financial results, achieving net revenues of RMB2.98 billion (US$470.5 million), a 14.9% year-over-year increase. Gross segment profit surged by 66.3%, with the B2B segment profit rising by 90.7%. Total operating expenses declined as a percentage of revenues to 9.9%. Non-GAAP loss from operations decreased to RMB72.4 million (US$11.4 million), or 2.4% of revenues. The company noted an increase in pharmaceutical partnerships to 550, reflecting strong market growth despite pandemic challenges.

111, Inc. (NASDAQ: YI) announced it will release its unaudited financial results for Q1 2022 on June 16, 2022, before U.S. market opens. The company's management will hold an earnings conference call at 7:30 AM ET on the same day, with registration required for participation. 111, Inc. operates a digital healthcare platform in China, connecting patients to medicine and healthcare services through its online pharmacy and internet hospital. The company offers various healthcare services, enhancing accessibility and efficiency for consumers.