YINasdaqRetail-Drug Stores and Proprietary StoresFiscal year ends December 31
111, Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026
$3.13+0.00 (+0.16%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
5.8%+1.3 pts over 5 years
Operating margin
-0.0%+5.8 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -12.8% | -2.4% | +8.9% | – | |
| Gross profit | -12.8% | -4.9% | +14.6% | – | |
| Free cash flow | -53.7% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | 1.76 | 1.09 | |
| Interest coverage | -485.1× | -53.7× | -0.1× | |
| Inventory turnover | – | 12.5× | 9.9× | |
| Capex to revenue | 0.6% | 0.3% | 0.0% | |
| Diluted shares | 72M | 165M | 174M |
Where the cash went
Fiscal 2021 to 2025, five years combined
111 generated CN¥1.54B from operations and spent CN¥129.53M on capital expenditure, dividends and share buybacks. 95% of that went back into the business.
Generated
CN¥1.54B
Used
CN¥129.53M
Capital expenditureCN¥123.64M95%DividendsCN¥00%Share buybacksCN¥5.89M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-21.4%
×Asset turnover1.55×
×Equity multiplier8.30×
=Return on equity, FY2018-274.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2018 | -21.4% | 1.55× | 8.30× | -274.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroCN¥119.14M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeCN¥119.14M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.13 → 1.09
- No dilutionShare count did not rise172M → 174M
- Gross margin improvedGross margin up on the prior year5.76% → 5.76%
- More efficientAsset turnover rose4.66 → 4.50