111, Inc. (YI)

111, Inc. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	14,183	14,401	14,948	13,517	12,426	8,203
Revenue Growth (YoY)	-3.69%	-3.66%	10.59%	8.78%	51.48%	107.57%
Cost of Revenue	13,778	13,953	14,500	13,078	12,161	8,064
Gross Profit	405.35	448.19	448.44	438.56	265.26	138.9
Selling, General & Admin	357.47	384.8	672.59	663.5	720.13	527.84
Research & Development	63.29	69.64	124.34	139.5	189.28	92.08
Other Operating Expenses	-10.69	-8.36	1.61	6.56	-2.01	-7.7
Operating Expenses	410.06	446.08	798.54	809.56	907.4	612.21
Operating Income	-4.71	2.11	-350.1	-371	-642.14	-473.31
Interest Expense	-30.26	-28.33	-20.14	-13.44	-5.49	-8.82
Interest & Investment Income	5.27	7.04	8.83	8.12	9.78	6.31
Currency Exchange Gain (Loss)	-0.2	-0.91	0.61	-7.88	1.94	5.55
Other Non Operating Income (Expenses)	-1.88	-1.81	3.45	3.67	7.09	2.19
EBT Excluding Unusual Items	-31.78	-21.9	-357.35	-380.53	-628.83	-468.08
Gain (Loss) on Sale of Investments	1.22	1.22	4.17	4.46	7.8	0.97
Pretax Income	-30.56	-20.68	-353.18	-376.07	-621.03	-467.11
Income Tax Expense	0.02	0.1	0.25	-	-	-
Earnings From Continuing Operations	-30.58	-20.78	-353.43	-376.07	-621.03	-467.11
Minority Interest in Earnings	-43.57	-43.97	-39.26	-40.81	-48.79	10.58
Net Income	-74.15	-64.74	-392.69	-416.88	-669.81	-456.53
Net Income to Common	-74.15	-64.74	-392.69	-416.88	-669.81	-456.53
Shares Outstanding (Basic)	9	9	8	8	8	8
Shares Outstanding (Diluted)	9	9	8	8	8	8
Shares Change (YoY)	1.43%	1.91%	1.19%	0.46%	0.66%	0.68%
EPS (Basic)	-8.58	-7.54	-46.58	-50.04	-80.76	-55.41
EPS (Diluted)	-8.58	-7.54	-46.58	-50.04	-80.76	-55.41
Free Cash Flow	97.31	247.82	-457.07	-54.73	-751.43	-142.28
Free Cash Flow Per Share	11.26	28.84	-54.22	-6.57	-90.61	-17.27
Gross Margin	2.86%	3.11%	3.00%	3.25%	2.14%	1.69%
Operating Margin	-0.03%	0.01%	-2.34%	-2.74%	-5.17%	-5.77%
Profit Margin	-0.52%	-0.45%	-2.63%	-3.08%	-5.39%	-5.56%
Free Cash Flow Margin	0.69%	1.72%	-3.06%	-0.40%	-6.05%	-1.73%
EBITDA	9.85	19.08	-328.32	-330.18	-614.92	-459.29
EBITDA Margin	0.07%	0.13%	-2.20%	-2.44%	-4.95%	-5.60%
D&A For EBITDA	14.56	16.97	21.78	40.82	27.22	14.02
EBIT	-4.71	2.11	-350.1	-371	-642.14	-473.31
EBIT Margin	-0.03%	0.01%	-2.34%	-2.74%	-5.17%	-5.77%
Advertising Expenses	-	52.21	35.68	35.65	30.14	37.58

Updated Sep 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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