111, Inc. Achieves Sustained Profitability in Q3 2024

111 (YI) has released an update.

111, Inc. reported its third consecutive quarter of operational profitability for Q3 2024, with net revenues standing at RMB3.6 billion. The company achieved a 10.5% year-over-year increase in gross segment profit, alongside a significant reduction in operating expenses, which fell by 23.2% from the previous year. These results underscore 111’s growing operational efficiency and its commitment to enhancing its competitive edge in the tech-enabled healthcare sector.

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