111 Inc Q2 Revenue Plunges 28% as Asset-Light Shift Bites
YI sits 38% above its 52-week low of $2.48.
Summary
111 Inc reported Q2 revenue of RMB 2.30 billion, down 28% year-over-year, as the company transitions to an asset-light model and divests underperforming subsidiaries. Net loss widened to RMB 31.70 million, with adjusted net loss at RMB 28.90 million, driven by severance costs and AI investments. Promotional products revenue more than doubled, partially offsetting the decline. The company expects the asset-light transition and cost management to support margin expansion, but the sharp revenue drop and wider losses are likely to pressure the stock.
At the time of this announcement, YI was trading at $3.43 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $29.7M. The 52-week trading range was $2.48 to $11.17. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.