NASDAQ : YI
111, Inc. — Financial statements
Healthcare · Medical Distribution · China
Last price 2.98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 26.21M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
111, Inc. (YI) reported revenue of 10.48B CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.48B | 12.56B | 14.40B | 14.95B | 13.52B | 12.43B |
| Cost of Revenue | 10.17B | 12.18B | 13.95B | 14.50B | 13.08B | 12.16B |
| Gross Profit | 314.88M | 378.18M | 448.19M | 448.44M | 438.56M | 265.26M |
| Selling, General & Admin | 304.63M | 328.10M | 384.80M | 672.59M | 663.50M | 720.13M |
| Research & Development | 63.48M | 60.39M | 69.64M | 124.34M | 139.50M | 189.28M |
| Other Operating Expenses | -7.41M | -7.93M | -8.36M | 1.61M | 6.56M | -2.01M |
| Operating Expenses | 360.70M | 380.56M | 446.08M | 798.54M | 809.56M | 907.40M |
| Operating Income | -45.83M | -2.38M | 2.11M | -350.10M | -371.00M | -642.14M |
| Interest Expense | -35.13M | -35.57M | -28.33M | -20.14M | -13.44M | -5.49M |
| Interest & Investment Income | 2.92M | 3.88M | 7.04M | 8.83M | 8.12M | 9.78M |
| Currency Exchange Gain (Loss) | 919.00K | 480.00K | -909.00K | 610.00K | -7.88M | 1.94M |
| Other Non Operating Income (Expenses) | 10.08M | 10.44M | -1.81M | 3.45M | 3.67M | 7.09M |
| EBT Excluding Unusual Items | -67.04M | -23.15M | -21.90M | -357.35M | -380.53M | -628.83M |
| Gain (Loss) on Sale of Investments | 646.00K | 646.00K | 1.22M | 4.17M | 4.46M | 7.80M |
| Pretax Income | -66.39M | -22.50M | -20.68M | -353.18M | -376.07M | -621.02M |
| Income Tax Expense | 13.00K | 96.00K | 251.00K | |||
| Earnings From Continuing Operations | -66.39M | -22.52M | -20.78M | -353.43M | -376.07M | -621.02M |
| Minority Interest in Earnings | -38.98M | -43.88M | -43.97M | -39.26M | -40.81M | -48.78M |
| Net Income | -105.37M | -66.39M | -64.74M | -392.69M | -416.88M | -669.81M |
| Net Income to Common | -105.37M | -66.39M | -64.74M | -392.69M | -416.88M | -669.81M |
| Shares Outstanding (Basic) | 8.77M | 8.70M | 8.59M | 8.43M | 8.33M | 8.29M |
| Shares Outstanding (Diluted) | 8.77M | 8.70M | 8.59M | 8.43M | 8.33M | 8.29M |
| EPS (Basic) | -12.01 | -7.63 | -7.54 | -46.58 | -50.04 | -80.76 |
| EPS (Diluted) | -12.01 | -7.63 | -7.54 | -46.58 | -50.04 | -80.76 |
| Free Cash Flow | -39.66M | 114.69M | 247.82M | -457.07M | -54.73M | -751.43M |
| Free Cash Flow Per Share | -4.52 | 13.18 | 28.84 | -54.22 | -6.57 | -90.61 |
| Gross Margin | 3.00% | 3.01% | 3.11% | 3.00% | 3.25% | 2.14% |
| Operating Margin | -0.44% | -0.02% | 0.01% | -2.34% | -2.74% | -5.17% |
| Profit Margin | -1.00% | -0.53% | -0.45% | -2.63% | -3.08% | -5.39% |
| Free Cash Flow Margin | -0.38% | 0.91% | 1.72% | -3.06% | -0.40% | -6.05% |
| EBITDA | -36.55M | 9.46M | 19.08M | -328.32M | -330.18M | -614.92M |
| EBITDA Margin | -0.35% | 0.07% | 0.13% | -2.20% | -2.44% | -4.95% |
| D&A For EBITDA | 9.28M | 11.84M | 16.97M | 21.78M | 40.82M | 27.22M |
| EBIT | -45.83M | -2.38M | 2.11M | -350.10M | -371.00M | -642.14M |
| EBIT Margin | -0.44% | -0.02% | 0.01% | -2.34% | -2.74% | -5.17% |
| Advertising Expenses | 32.43M | 52.21M | 35.68M | 35.65M | 30.14M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 295.25M | 510.97M | 462.29M | 603.52M | 673.67M | 661.39M |
| Short-Term Investments | 60.02M | 95.96M | 83.27M | 81.37M | 205.86M | 182.56M |
| Cash & Short-Term Investments | 355.27M | 606.93M | 545.56M | 684.90M | 879.53M | 843.95M |
| Accounts Receivable | 257.82M | 326.91M | 508.12M | 647.48M | 600.49M | 495.20M |
| Other Receivables | 108.02M | 122.60M | 129.03M | 119.87M | 169.79M | |
| Receivables | 257.82M | 434.93M | 630.72M | 776.51M | 720.36M | 665.00M |
| Inventory | 896.69M | 998.47M | 1.39B | 1.42B | 1.50B | 1.12B |
| Prepaid Expenses | 3.79M | 4.75M | 5.91M | 6.66M | 9.48M | |
| Restricted Cash | 25.86M | 50.34M | 56.04M | 20.02M | 43.12M | 99.28M |
| Other Current Assets | 187.45M | 30.41M | 25.18M | 26.59M | 87.25M | 62.93M |
| Total Current Assets | 1.72B | 2.12B | 2.65B | 2.93B | 3.24B | 2.80B |
| Property, Plant & Equipment | 57.27M | 65.23M | 121.97M | 138.14M | 212.37M | 314.10M |
| Long-Term Investments | 2.00M | 2.00M | 3.00M | |||
| Other Intangible Assets | 713.00K | 868.00K | 1.44M | 2.26M | 3.27M | 4.91M |
| Other Long-Term Assets | 7.83M | 9.29M | 14.68M | 13.31M | 20.35M | 22.09M |
| Total Assets | 1.79B | 2.20B | 2.79B | 3.09B | 3.47B | 3.15B |
| Accounts Payable | 1.08B | 1.28B | 1.72B | 1.59B | 1.76B | 1.35B |
| Accrued Expenses | 261.22M | 82.99M | 100.10M | 156.44M | 164.69M | 126.08M |
| Short-Term Debt | 260.00M | 207.49M | 224.42M | 531.54M | 329.73M | 307.16M |
| Current Portion of Leases | 19.12M | 40.34M | 42.53M | 64.73M | 65.74M | |
| Current Income Taxes Payable | 2.85M | 4.22M | 6.95M | 37.73M | 10.94M | |
| Current Unearned Revenue | 108.95M | 149.69M | 125.00M | 296.36M | 176.26M | |
| Other Current Liabilities | 249.91M | 102.39M | 293.92M | 67.00M | 96.46M | |
| Total Current Liabilities | 1.61B | 1.95B | 2.34B | 2.75B | 2.73B | 2.13B |
| Long-Term Leases | 21.98M | 29.96M | 55.45M | 62.62M | 100.47M | 165.61M |
| Other Long-Term Liabilities | 2.18M | 2.18M | 8.96M | 5.25M | 1.54M | |
| Total Liabilities | 1.63B | 1.99B | 2.41B | 2.81B | 2.83B | 2.30B |
| Common Stock | 60.00K | 59.00K | 58.00K | 57.00K | 56.00K | 56.00K |
| Additional Paid-In Capital | 3.18B | 3.18B | 3.17B | 3.17B | 2.98B | 2.82B |
| Retained Earnings | -4.03B | -3.95B | -3.88B | -3.82B | -3.43B | -3.01B |
| Treasury Stock | -5.89M | -5.89M | -5.89M | -5.89M | -40.86M | -40.86M |
| Comprehensive Income & Other | 71.45M | 72.64M | 74.36M | 72.51M | 75.59M | 59.37M |
| Total Common Equity | -776.26M | -702.23M | -642.64M | -583.45M | -414.60M | -173.32M |
| Minority Interest | 935.75M | 916.65M | 1.02B | 859.55M | 1.06B | 1.02B |
| Shareholders' Equity | 159.49M | 214.42M | 380.76M | 276.10M | 648.24M | 848.70M |
| Total Liabilities & Equity | 1.79B | 2.20B | 2.79B | 3.09B | 3.47B | 3.15B |
| Total Debt | 281.98M | 256.57M | 320.20M | 636.69M | 494.94M | 538.51M |
| Net Cash (Debt) | 73.29M | 350.35M | 225.35M | 48.21M | 384.59M | 305.43M |
| Net Cash Per Share | 8.36 | 40.26 | 26.23 | 5.72 | 46.16 | 36.83 |
| Filing Date Shares Outstanding | 8.82M | 8.80M | 8.67M | 8.57M | 8.40M | 8.33M |
| Total Common Shares Outstanding | 8.82M | 8.79M | 8.64M | 8.55M | 8.35M | 8.31M |
| Working Capital | 117.83M | 171.18M | 307.08M | 188.27M | 510.71M | 671.76M |
| Book Value Per Share | -87.98 | -79.93 | -74.35 | -68.22 | -49.64 | -20.86 |
| Tangible Book Value | -776.97M | -703.10M | -644.08M | -585.71M | -417.87M | -178.23M |
| Tangible Book Value Per Share | -88.06 | -80.03 | -74.51 | -68.49 | -50.03 | -21.45 |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -105.37M | -66.39M | -64.74M | -392.69M | -416.88M | -669.81M |
| Depreciation & Amortization | 11.84M | 11.84M | 16.97M | 21.78M | 40.82M | 27.22M |
| Loss (Gain) From Sale of Assets | 39.00K | 39.00K | 31.00K | 992.00K | 1.39M | -52.00K |
| Loss (Gain) From Sale of Investments | -710.00K | -710.00K | 170.00K | -4.03M | -4.21M | |
| Stock-Based Compensation | 10.05M | 10.05M | 20.15M | 226.69M | 162.07M | 145.59M |
| Provision & Write-off of Bad Debts | 3.18M | 3.18M | 519.00K | 1.95M | 2.69M | 1.34M |
| Other Operating Activities | -31.46M | 83.91M | 97.26M | 122.39M | 146.50M | 176.75M |
| Change in Accounts Receivable | 150.52M | 150.52M | 123.20M | -49.90M | -86.98M | -242.40M |
| Change in Inventory | 387.13M | 387.13M | 28.11M | 59.59M | -406.29M | -400.55M |
| Change in Accounts Payable | -439.06M | -439.06M | 132.73M | -176.74M | 417.50M | 274.00M |
| Change in Other Net Operating Assets | -21.36M | -21.36M | -91.38M | -257.29M | 120.23M | -924.00K |
| Operating Cash Flow | -35.20M | 119.14M | 263.02M | -447.24M | -23.15M | -688.84M |
| Capital Expenditures | -4.45M | -4.45M | -15.20M | -9.82M | -31.57M | -62.59M |
| Sale of Property, Plant & Equipment | 82.00K | 82.00K | 458.00K | 1.65M | 1.19M | 316.00K |
| Sale (Purchase) of Intangibles | -3.00K | -114.00K | -100.00K | |||
| Investment in Securities | -49.35M | -49.35M | 52.12M | 159.92M | -13.71M | 122.51M |
| Other Investing Activities | -10.19M | -2.96M | ||||
| Investing Cash Flow | -63.92M | -53.72M | 37.38M | 151.74M | -47.17M | 60.14M |
| Short-Term Debt Issued | 287.63M | 438.86M | 919.63M | 788.15M | 406.84M | |
| Total Debt Issued | 287.63M | 287.63M | 438.86M | 919.63M | 788.15M | 406.84M |
| Short-Term Debt Repaid | -260.98M | -615.96M | -750.13M | -868.82M | -376.43M | |
| Total Debt Repaid | -260.98M | -260.98M | -615.96M | -750.13M | -868.82M | -376.43M |
| Net Debt Issued (Repaid) | 26.65M | 26.65M | -177.09M | 169.51M | -80.67M | 30.41M |
| Issuance of Common Stock | 745.00K | 745.00K | 14.00K | 223.00K | 274.00K | 2.92M |
| Repurchase of Common Stock | -5.89M | |||||
| Other Financing Activities | -119.20M | -48.59M | -229.16M | 36.25M | 103.13M | 46.90M |
| Financing Cash Flow | -91.81M | -21.19M | -406.24M | 205.98M | 22.73M | 74.34M |
| Foreign Exchange Rate Adjustments | -1.06M | -1.25M | 628.00K | -3.72M | 3.71M | -3.50M |
| Net Cash Flow | -191.99M | 42.97M | -105.22M | -93.24M | -43.88M | -557.86M |
| Free Cash Flow | -39.66M | 114.69M | 247.82M | -457.07M | -54.73M | -751.43M |
| Free Cash Flow Margin | -0.38% | 0.91% | 1.72% | -3.06% | -0.40% | -6.05% |
| Free Cash Flow Per Share | -4.52 | 13.18 | 28.84 | -54.22 | -6.57 | -90.61 |
| Levered Free Cash Flow | -72.08M | 229.13M | 56.69M | -44.54M | 105.98M | -475.20M |
| Unlevered Free Cash Flow | -50.13M | 251.36M | 74.40M | -31.95M | 114.38M | -471.77M |
| Cash Interest Paid | 2.42M | 2.42M | 6.16M | 10.42M | 9.55M | 5.62M |
| Cash Income Tax Paid | 13.00K | 13.00K | 96.00K | 251.00K | ||
| Change in Working Capital | 77.23M | 77.23M | 192.66M | -424.33M | 44.46M | -369.87M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 25.07M | 22.19M | 53.37M | 130.19M | 251.48M | 290.06M |
| Enterprise Value | 14.28M | 108.41M | 137.14M | 185.21M | 331.56M | 345.51M |
| Last Close Price | 2.85 | 2.56 | 6.23 | 15.50 | 30.20 | 35.00 |
| Forward PE | 137.81 | 137.81 | 137.81 | 140.89 | ||
| PS Ratio | 0.02 | 0.01 | 0.03 | 0.06 | 0.13 | 0.15 |
| PB Ratio | 1.07 | 0.72 | 1.02 | 3.34 | 2.68 | 2.17 |
| P/FCF Ratio | 1.35 | 1.57 | ||||
| P/OCF Ratio | 1.30 | 1.48 | ||||
| EV/Sales Ratio | 0.01 | 0.06 | 0.07 | 0.09 | 0.17 | 0.18 |
| EV/EBITDA Ratio | 80.13 | 52.46 | ||||
| EV/EBIT Ratio | 473.50 | |||||
| EV/FCF Ratio | 6.61 | 4.04 | ||||
| Debt / Equity Ratio | 1.77 | 1.20 | 0.84 | 2.31 | 0.76 | 0.64 |
| Debt / EBITDA Ratio | 5.33 | 4.74 | ||||
| Debt / FCF Ratio | 2.24 | 1.29 | ||||
| Net Debt / Equity Ratio | -0.46 | -1.63 | -0.59 | -0.17 | -0.59 | -0.36 |
| Net Debt / EBITDA Ratio | 2.00 | -37.02 | -11.81 | 0.15 | 1.17 | 0.50 |
| Net Debt / FCF Ratio | 1.85 | -3.06 | -0.91 | 0.10 | 7.03 | 0.41 |
| Asset Turnover | 4.92 | 5.04 | 4.90 | 4.55 | 4.08 | 4.03 |
| Inventory Turnover | 9.35 | 10.21 | 9.94 | 9.94 | 9.98 | 12.88 |
| Quick Ratio | 0.38 | 0.53 | 0.50 | 0.53 | 0.59 | 0.71 |
| Current Ratio | 1.07 | 1.09 | 1.13 | 1.07 | 1.19 | 1.31 |
| Return on Equity (ROE) | -27.53% | -7.57% | -6.33% | -76.47% | -50.24% | -56.99% |
| Return on Assets (ROA) | -1.34% | -0.06% | 0.04% | -6.67% | -7.01% | -13.00% |
| Return on Capital Employed (ROCE) | -25.00% | -1.00% | 0.50% | -101.80% | -49.60% | -63.20% |
| Earnings Yield | -62.05% | -42.78% | -16.62% | -42.54% | -24.03% | -36.35% |
| FCF Yield | -23.76% | 73.90% | 63.62% | -49.51% | -3.16% | -40.78% |
| Buyback Yield / Dilution | -1.50% | -1.27% | -1.91% | -1.19% | -0.46% | -0.66% |