• 111 Inc. posted a net loss of RMB 22.5 million in fiscal 2025, versus a net loss of RMB 20.8 million in fiscal 2024.
• Revenue fell 12.8% to RMB 12.6 billion (US$ 1.8 billion), driven by a 12.7% drop in B2B product revenue to RMB 12.2 billion.
• Operating loss narrowed to RMB 2.4 million from operating income of RMB 2.1 million.
• Service revenue slid 19.8% to RMB 85.4 million on lower B2B digital marketing service revenue.
• Management cited heightened competition and an asset-light shift following divestitures in 3Q 2025; it expects cash, short-term investments, and operating cash flow to cover working capital and capex needs for the next 12 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 111 Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-052002), on April 30, 2026, and is solely responsible for the information contained therein.