Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shift

Reuters12-17

Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shift

Overview

Chinese healthcare platform's Q3 revenue fell 16.7% yr/yr amid strategic business model shift
Company achieved non-GAAP net profitability and positive operating cash flow
Company divested three subsidiaries, transitioning to asset-light model

Outlook

Company plans to build AI-powered transaction platform for pharmaceutical procurement
111 Inc expects asset-light model to strengthen liquidity and profitability
Company sees growth in fulfillment network and supply chain capabilities

Result Drivers

ASSET-LIGHT TRANSITION - Co divested three subsidiaries to shift towards an asset-light model, improving profitability and liquidity
SUPPLY CHAIN ENHANCEMENTS - Ongoing "MANTIANXING" initiative improved supply chain capabilities, increasing GMV and customer count

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		RMB 3 bln
Q3 Adjusted Net Income		RMB 1.1 mln
Q3 Net Income		-RMB 1.50 mln
Q3 Adjusted Income From Operations		RMB 0.2 mln
Q3 Income From Operations		-RMB 2.30 mln
Q3 Operating Expenses		RMB 180.30 mln

Press Release: ID:nPn3VmmMha

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2592117964?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-17 15:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592117964","market":"nz","top_or_hot":-1,"title":"Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shift","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shift</title></head><body><p><span>Overview</span></p><ul><li><p>Chinese healthcare platform's Q3 revenue fell 16.7% yr/yr amid strategic business model shift</p></li><li><p>Company achieved non-GAAP net profitability and positive operating cash flow</p></li><li><p>Company divested three subsidiaries, transitioning to asset-light model</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company plans to build AI-powered transaction platform for pharmaceutical procurement</p></li><li><p>111 Inc expects asset-light model to strengthen liquidity and profitability</p></li><li><p>Company sees growth in fulfillment network and supply chain capabilities</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>ASSET-LIGHT TRANSITION - Co divested three subsidiaries to shift towards an asset-light model, improving profitability and liquidity</p></li><li><p>SUPPLY CHAIN ENHANCEMENTS - Ongoing \"MANTIANXING\" initiative improved supply chain capabilities, increasing GMV and customer count</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td></td><td><p>RMB 3 bln</p></td><td></td></tr><tr><td><p>Q3 Adjusted Net Income</p></td><td></td><td><p>RMB 1.1 mln</p></td><td></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>-RMB 1.50 mln</p></td><td></td></tr><tr><td><p>Q3 Adjusted Income From Operations</p></td><td></td><td><p>RMB 0.2 mln</p></td><td></td></tr><tr><td><p>Q3 Income From Operations</p></td><td></td><td><p>-RMB 2.30 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>RMB 180.30 mln</p></td><td></td></tr></tbody></table><p>Press Release: <span>ID:nPn3VmmMha</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shift</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese healthcare platform 111 Inc's Q3 revenue drops amid model shift\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-17 15:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shift</title></head><body><p><span>Overview</span></p><ul><li><p>Chinese healthcare platform's Q3 revenue fell 16.7% yr/yr amid strategic business model shift</p></li><li><p>Company achieved non-GAAP net profitability and positive operating cash flow</p></li><li><p>Company divested three subsidiaries, transitioning to asset-light model</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company plans to build AI-powered transaction platform for pharmaceutical procurement</p></li><li><p>111 Inc expects asset-light model to strengthen liquidity and profitability</p></li><li><p>Company sees growth in fulfillment network and supply chain capabilities</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>ASSET-LIGHT TRANSITION - Co divested three subsidiaries to shift towards an asset-light model, improving profitability and liquidity</p></li><li><p>SUPPLY CHAIN ENHANCEMENTS - Ongoing \"MANTIANXING\" initiative improved supply chain capabilities, increasing GMV and customer count</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td></td><td><p>RMB 3 bln</p></td><td></td></tr><tr><td><p>Q3 Adjusted Net Income</p></td><td></td><td><p>RMB 1.1 mln</p></td><td></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>-RMB 1.50 mln</p></td><td></td></tr><tr><td><p>Q3 Adjusted Income From Operations</p></td><td></td><td><p>RMB 0.2 mln</p></td><td></td></tr><tr><td><p>Q3 Income From Operations</p></td><td></td><td><p>-RMB 2.30 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>RMB 180.30 mln</p></td><td></td></tr></tbody></table><p>Press Release: <span>ID:nPn3VmmMha</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YI","symbol_name":"1药网","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251217:nL1N3XN073:1","article_id":"2592117964","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592117964","pubTimestamp":1765956132,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shiftOverviewChinese healthcare platform's Q3 revenue fell 16.7% yr/yr amid strategic business model shiftCompany achieved non-GAAP ne","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"YI":"1药网","BK4128":"药品零售","BK4503":"景林资产持仓"},"translate_title":"中国医疗保健平台111 Inc第三季度收入因模式转变而下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YI":0.9},"content_text":"Chinese healthcare platform 111 Inc's Q3 revenue drops amid model shiftOverviewChinese healthcare platform's Q3 revenue fell 16.7% yr/yr amid strategic business model shiftCompany achieved non-GAAP net profitability and positive operating cash flowCompany divested three subsidiaries, transitioning to asset-light modelOutlookCompany plans to build AI-powered transaction platform for pharmaceutical procurement111 Inc expects asset-light model to strengthen liquidity and profitabilityCompany sees growth in fulfillment network and supply chain capabilitiesResult DriversASSET-LIGHT TRANSITION - Co divested three subsidiaries to shift towards an asset-light model, improving profitability and liquiditySUPPLY CHAIN ENHANCEMENTS - Ongoing \"MANTIANXING\" initiative improved supply chain capabilities, increasing GMV and customer countKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueRMB 3 blnQ3 Adjusted Net IncomeRMB 1.1 mlnQ3 Net Income-RMB 1.50 mlnQ3 Adjusted Income From OperationsRMB 0.2 mlnQ3 Income From Operations-RMB 2.30 mlnQ3 Operating ExpensesRMB 180.30 mlnPress Release: ID:nPn3VmmMhaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592117964","isCrawlerRequest":true}