111 posts FY26 Q2 net loss of RMB 31.7 million; revenue drops 28.3% to RMB 2.3 billion

• 111 posted Q2 net revenues of RMB 2.3 billion, down 28.3% year over year, citing its shift to an asset-light model.
• Operating loss was RMB 23.2 million, swinging from operating income a year earlier, while net loss widened to RMB 31.7 million.
• Promotional products net revenue more than doubled to RMB 60.7 million, and gross profit rose 120%, with Cravit quarterly revenue up 157%.
• Fulfillment expenses fell 29.5% to RMB 63.6 million, and improved to 2.76% of net revenues from 2.81%.
• Management said AI agents enabled workforce streamlining, while total marketplace service revenue rose 18.2% in the first half.

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 PR Newswire (Ref. ID: 202609170300PR_NEWS_USPR_____CN50403) on September 17, 2026, and is solely responsible for the information contained therein.