111, Inc. Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2019
Revenue	13,584	14,401	14,948	13,517	12,426	8,203	Upgrade
Revenue Growth (YoY)	-7.36%	-3.66%	10.59%	8.78%	51.48%	107.57%	Upgrade
Cost of Revenue	13,198	13,953	14,500	13,078	12,161	8,064	Upgrade
Gross Profit	385.35	448.19	448.44	438.56	265.26	138.9	Upgrade
Selling, General & Admin	343.66	384.8	672.59	663.5	720.13	527.84	Upgrade
Research & Development	61.03	69.64	124.34	139.5	189.28	92.08	Upgrade
Other Operating Expenses	-9.96	-8.36	1.61	6.56	-2.01	-7.7	Upgrade
Operating Expenses	394.73	446.08	798.54	809.56	907.4	612.21	Upgrade
Operating Income	-9.38	2.11	-350.1	-371	-642.14	-473.31	Upgrade
Interest Expense	-29.51	-28.33	-20.14	-13.44	-5.49	-8.82	Upgrade
Interest & Investment Income	4.42	7.04	8.83	8.12	9.78	6.31	Upgrade
Currency Exchange Gain (Loss)	-0.66	-0.91	0.61	-7.88	1.94	5.55	Upgrade
Other Non Operating Income (Expenses)	5.35	-1.81	3.45	3.67	7.09	2.19	Upgrade
EBT Excluding Unusual Items	-29.77	-21.9	-357.35	-380.53	-628.83	-468.08	Upgrade
Gain (Loss) on Sale of Investments	1.22	1.22	4.17	4.46	7.8	0.97	Upgrade
Pretax Income	-28.56	-20.68	-353.18	-376.07	-621.03	-467.11	Upgrade
Income Tax Expense	0.02	0.1	0.25	-	-	-	Upgrade
Earnings From Continuing Operations	-28.57	-20.78	-353.43	-376.07	-621.03	-467.11	Upgrade
Minority Interest in Earnings	-41.44	-43.97	-39.26	-40.81	-48.79	10.58	Upgrade
Net Income	-70.01	-64.74	-392.69	-416.88	-669.81	-456.53	Upgrade
Net Income to Common	-70.01	-64.74	-392.69	-416.88	-669.81	-456.53	Upgrade
Shares Outstanding (Basic)	9	9	8	8	8	8	Upgrade
Shares Outstanding (Diluted)	9	9	8	8	8	8	Upgrade
Shares Change (YoY)	1.34%	1.91%	1.19%	0.46%	0.66%	0.68%	Upgrade
EPS (Basic)	-8.07	-7.54	-46.58	-50.04	-80.76	-55.41	Upgrade
EPS (Diluted)	-8.07	-7.54	-46.58	-50.04	-80.76	-55.41	Upgrade
Free Cash Flow	25.53	247.82	-457.07	-54.73	-751.43	-142.28	Upgrade
Free Cash Flow Per Share	2.94	28.84	-54.22	-6.57	-90.61	-17.27	Upgrade
Gross Margin	2.84%	3.11%	3.00%	3.25%	2.14%	1.69%	Upgrade
Operating Margin	-0.07%	0.01%	-2.34%	-2.74%	-5.17%	-5.77%	Upgrade
Profit Margin	-0.52%	-0.45%	-2.63%	-3.08%	-5.39%	-5.56%	Upgrade
Free Cash Flow Margin	0.19%	1.72%	-3.06%	-0.40%	-6.05%	-1.73%	Upgrade
EBITDA	3.98	19.08	-328.32	-330.18	-614.92	-459.29	Upgrade
EBITDA Margin	0.03%	0.13%	-2.20%	-2.44%	-4.95%	-5.60%	Upgrade
D&A For EBITDA	13.36	16.97	21.78	40.82	27.22	14.02	Upgrade
EBIT	-9.38	2.11	-350.1	-371	-642.14	-473.31	Upgrade
EBIT Margin	-0.07%	0.01%	-2.34%	-2.74%	-5.17%	-5.77%	Upgrade
Advertising Expenses	-	52.21	35.68	35.65	30.14	37.58	Upgrade

Updated Dec 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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