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111 (YI) investor relations material
111 Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved operational profitability for the quarter and maintained positive operating cash flow in the first half of the year.
Continued cost discipline led to a 9.3% year-over-year reduction in total operating expenses.
Strategic initiatives drove a 53.6% increase in marketing promotional product sales revenue and a 19.0% rise in customer count year-over-year.
Expanded fulfillment centers to 19 locations, with GMV up 58.2% sequentially from Q1.
Financial highlights
Net revenues were RMB3.2 billion ($447.5 million), down 6.4% year-over-year.
Gross segment profit was RMB185.4 million ($25.9 million), down 10.7% year-over-year.
Income from operations was RMB0.1 million, compared to RMB3.3 million in the prior year quarter.
Non-GAAP income from operations was RMB3.0 million, down from RMB8.5 million year-over-year.
Net loss was RMB7.3 million ($1.0 million), compared to RMB2.1 million in the same quarter last year.
Net loss attributable to ordinary shareholders was RMB19.5 million ($2.7 million), compared to RMB14.0 million year-over-year.
Outlook and guidance
Strategy remains focused on leveraging technology and digital solutions to optimize the supply chain and deepen customer engagement.
Management expresses confidence in executing long-term vision despite market headwinds.
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