Press Release: 111, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

 provided by 
 investing 
 activities    (118,198)     59,830     8,427  (47,173)    151,743     21,372 
Net cash 
 provided by 
 financing 
 activities       21,818      1,748       245    22,735    205,978     29,011 
Effect of 
 exchange 
 rate changes 
 on cash and 
 cash 
 equivalents, 
 and 
 restricted 
 cash            (9,274)    (7,234)   (1,019)     3,709    (3,720)      (524) 
               ---------  ---------  --------  --------  ---------  --------- 
Net decrease 
 in cash and 
 cash 
 equivalents, 
 and 
 restricted 
 cash           (42,445)  (142,670)  (20,096)  (43,881)   (93,243)   (13,134) 
               ---------  ---------  --------  --------  ---------  --------- 
Cash and cash 
 equivalents, 
 and 
 restricted 
 cash at the 
 beginning of 
 the period      759,236    766,218   107,920   760,672    716,791    100,958 
               ---------  ---------  --------  --------  ---------  --------- 
Cash and cash 
 equivalents, 
 and 
 restricted 
 cash at the 
 end of the 
 period          716,791    623,548    87,824   716,791    623,548     87,824 
               =========  =========  ========  ========  =========  ========= 
 
 
                                  111, Inc. 
             Unaudited Reconciliation of GAAP and Non-GAAP Results 
              (In thousands, except for share and per share data) 
 
                 For the three months ended 
                        December 31,           For the year ended December 31, 
                 2022            2023            2022             2023 
               ---------  -------------------  ---------  -------------------- 
                  RMB        RMB       US$        RMB        RMB        US$ 
               ---------  ---------  --------  ---------  ---------  --------- 
 
Loss from 
 operations    (108,427)  (206,538)  (29,089)  (371,001)  (350,097)   (49,311) 
Add: 
 Share-based 
 compensation 
 expenses         68,692    151,352    21,317    157,384    226,170     31,855 
               ---------  ---------  --------  ---------  ---------  --------- 
Non-GAAP loss 
 from 
 operations     (39,735)   (55,186)   (7,772)  (213,617)  (123,927)   (17,456) 
               =========  =========  ========  =========  =========  ========= 
 
Net Loss       (104,076)  (205,221)  (28,904)  (376,069)  (353,433)   (49,781) 
Add: 
 Share-based 
 compensation 
 expenses, 
 net of tax       68,692    151,352    21,317    157,384    226,170     31,855 
Non-GAAP net 
 Loss           (35,384)   (53,869)   (7,587)  (218,685)  (127,263)   (17,926) 
 
Net Loss 
 attributable 
 to ordinary 
 shareholders  (114,431)  (210,366)  (29,629)  (416,878)  (392,693)   (55,311) 
Add: 
 Share-based 
 compensation 
 expenses, 
 net of tax       68,692    151,352    21,317    157,384    226,170     31,855 
               ---------  ---------  --------  ---------  ---------  --------- 
Non-GAAP net 
 Loss 
 attributable 
 to ordinary 
 shareholders   (45,739)   (59,014)   (8,312)  (259,494)  (166,523)   (23,456) 
               =========  =========  ========  =========  =========  ========= 
 
Loss per 
 ADS(6) : 
 Basic and 
 diluted          (1.38)     (2.48)    (0.34)     (5.00)     (4.66)     (0.66) 
Add: 
 Share-based 
 compensation 
 expenses per 
 ADS(6) , net 
 of tax             0.82       1.78      0.26       1.88       2.68       0.38 
               ---------  ---------  --------  ---------  ---------  --------- 
Non-GAAP Loss 
 per ADS(6)       (0.56)     (0.70)    (0.08)     (3.12)     (1.98)     (0.28) 
               =========  =========  ========  =========  =========  ========= 
 
(6) Every one ADSs represent two Class A ordinary shares. 
 

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SOURCE 111, Inc.

/CONTACT: 111, Inc., Investor Relations, Email: ir@111.com.cn; 111, Inc., Media Relations, Email: press@111.com.cn, Phone: +86-021-2053 6666 (China)

(END) Dow Jones Newswires

March 21, 2024 04:47 ET (08:47 GMT)