111, Inc. (YI)

111, Inc. Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	14,401	14,948	13,517	12,426	8,203
Revenue Growth (YoY)	-3.66%	10.59%	8.78%	51.48%	107.57%
Cost of Revenue	13,953	14,500	13,078	12,161	8,064
Gross Profit	448.19	448.44	438.56	265.26	138.9
Selling, General & Admin	384.8	672.59	663.5	720.13	527.84
Research & Development	69.64	124.34	139.5	189.28	92.08
Other Operating Expenses	-8.36	1.61	6.56	-2.01	-7.7
Operating Expenses	446.08	798.54	809.56	907.4	612.21
Operating Income	2.11	-350.1	-371	-642.14	-473.31
Interest Expense	-28.33	-20.14	-13.44	-5.49	-8.82
Interest & Investment Income	7.04	8.83	8.12	9.78	6.31
Currency Exchange Gain (Loss)	-0.91	0.61	-7.88	1.94	5.55
Other Non Operating Income (Expenses)	-0.6	3.45	3.67	7.09	2.19
EBT Excluding Unusual Items	-20.68	-357.35	-380.53	-628.83	-468.08
Gain (Loss) on Sale of Investments	-	4.17	4.46	7.8	0.97
Pretax Income	-20.68	-353.18	-376.07	-621.03	-467.11
Income Tax Expense	0.1	0.25	-	-	-
Earnings From Continuing Operations	-20.78	-353.43	-376.07	-621.03	-467.11
Minority Interest in Earnings	-43.97	-39.26	-40.81	-48.79	10.58
Net Income	-64.74	-392.69	-416.88	-669.81	-456.53
Net Income to Common	-64.74	-392.69	-416.88	-669.81	-456.53
Shares Outstanding (Basic)	9	8	8	8	8
Shares Outstanding (Diluted)	9	8	8	8	8
Shares Change (YoY)	1.91%	1.19%	0.46%	0.66%	0.68%
EPS (Basic)	-7.54	-46.58	-50.04	-80.76	-55.41
EPS (Diluted)	-7.54	-46.58	-50.04	-80.76	-55.41
Free Cash Flow	263.02	-457.07	-54.73	-751.43	-142.28
Free Cash Flow Per Share	30.61	-54.22	-6.57	-90.61	-17.27
Gross Margin	3.11%	3.00%	3.25%	2.14%	1.69%
Operating Margin	0.01%	-2.34%	-2.74%	-5.17%	-5.77%
Profit Margin	-0.45%	-2.63%	-3.08%	-5.39%	-5.56%
Free Cash Flow Margin	1.83%	-3.06%	-0.40%	-6.05%	-1.73%
EBITDA	23.89	-328.32	-330.18	-614.92	-459.29
EBITDA Margin	0.17%	-2.20%	-2.44%	-4.95%	-5.60%
D&A For EBITDA	21.78	21.78	40.82	27.22	14.02
EBIT	2.11	-350.1	-371	-642.14	-473.31
EBIT Margin	0.01%	-2.34%	-2.74%	-5.17%	-5.77%
Advertising Expenses	-	35.68	35.65	30.14	37.58

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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