Robert Sassoon

Xipeng Feng

Alvin Mo

Bingyu Chen

Jack Wang

Jessie Lu

Michael [Indiscernible]

Nick

Ruili Bian

- **111, Inc. reported net revenues of RMB3.2 billion (US$447.5 million)** for the second quarter ended June 30, 2025, representing a **6.4% decrease** from the same quarter last year.  **[1738906_0000950103-25-011737_dp234475_ex9901.htm:1]** 
- The company achieved an **income from operations of RMB0.1 million (US$0.01 million)** for Q2 2025, compared to RMB3.3 million in the prior year quarter, and a **net loss of RMB7.3 million (US$1.0 million)**.  **[1738906_0000950103-25-011737_dp234475_ex9901.htm:0]** **[1738906_0000950103-25-011737_dp234475_ex9901.htm:2]** 
- **Total operating expenses decreased by 9.3%** year-over-year to **RMB185.3 million (US$25.9 million)**, accounting for **5.8% of net revenues** for the quarter, down from 6.0% in Q2 2024.  **[1738906_0000950103-25-011737_dp234475_ex9901.htm:0]** 
- As of June 30, 2025, **cash and cash equivalents, restricted cash, and short-term investments totaled RMB513.1 million (US$71.6 million)**.  **[1738906_0000950103-25-011737_dp234475_ex9901.htm:2]**

111, Inc. Announces Second Quarter 2025 Unaudited Financial Results

- 111, Inc. reported **net revenues of RMB3.2 billion (US$447.5 million)** for the second quarter ended June 30, 2025, representing a **6.4% decrease** from the same quarter last year.  **[1738906_20250917CN75662:1]** 
- The company achieved **income from operations of RMB0.1 million (US$0.01 million)** in Q2 2025, compared to RMB3.3 million in the same quarter of last year.  **[1738906_20250917CN75662:0]** **[1738906_20250917CN75662:2]** 
- **Total operating expenses** for Q2 2025 were **RMB185.3 million (US$25.9 million)**, an **improvement of 9.3%** year-over-year, and decreased by 20 basis points to **5.8% of net revenues**.  **[1738906_20250917CN75662:0]** 
- **Net loss** for the second quarter of 2025 was **RMB7.3 million (US$1.0 million)**, compared to RMB2.1 million in the same quarter of last year.  **[1738906_20250917CN75662:2]** 
- The company maintained **quarterly operational profitability** and **positive operating cash flow** in the first half of 2025.  **[1738906_20250917CN75662:0]**

111 (YI)