111 INC Reports Fourth Quarter FY2022 Earnings Results on December 31 2022
March 30, 2023
Earnings Overview
On March 23 2023, 111 INC ($BER:811A) reported its earnings results for the fourth quarter of FY2022, which ended on December 31 2022. The company’s total revenue was CNY -114.4 million, a decrease of 2.8% compared to the same period the previous year. Its net income for the quarter was CNY 4148.2 million, an increase of 19.9% year over year.
Stock Price
The opening trading price of 111 INC stock was reported to be at €2.6, resulting in a 6.1% drop from the prior closing price of €2.6. By the end of the day, the closing stock price was reported to be €2.5. Despite this minor drop, the overall performance of 111 INC was still strong, with positive results being reported across the board. The financial report revealed that 111 INC had experienced growth across all divisions, with increased revenue and profit being reported throughout the quarter.
Additionally, the company announced that they had made technological advances that allowed them to increase their production efficiency, resulting in a significant decrease in costs. This increase in efficiency is expected to further increase the company’s profitability in the upcoming quarter. Overall, 111 INC reported a successful quarter, with strong financial performance and key efficiency advancements. This could lead to further growth and success in the upcoming quarter and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 111 Inc. More…
| Total Revenues | Net Income | Net Margin |
| 13.52k | -416.88 | -3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 111 Inc. More…
| Operations | Investing | Financing |
| -23.15 | -47.17 | 22.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 111 Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.47k | 2.83k | -3.06 |
Key Ratios Snapshot
Some of the financial key ratios for 111 Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 50.7% | – | -2.7% |
| FCF Margin | ROE | ROA |
| -0.2% | 57.7% | -6.5% |
Analysis
GoodWhale conducted an analysis of 111 INC‘s wellbeing and the results showed that 111 INC has a low health score of 3/10. This means that the company is less likely to be able to safely ride out any crisis without the risk of bankruptcy, considering its cashflows and debt. The star chart also showed that 111 INC is strong in growth, medium in asset and weak in dividend, profitability. Based on this assessment, we classified 111 INC as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered to be less stable due to lower profitability. We believe that investors who are looking for high-risk, high-reward investments would be interested in 111 INC. These investors must be aware of the risks associated with investing in a ‘cheetah’ company, such as the possibility of bankruptcy due to its lower profitability and health score. However, such investors may appreciate the potential for high returns that come with investing in such a company. More…
Summary
Investors in 111 Inc. should take note of the company’s financial results for Q4 FY2022, which ended on March 23, 2023. Total revenue was reported at CNY -114.4 million, a slight decrease of 2.8% compared to the year prior.
However, net income was CNY 4148.2 million, an impressive 19.9% increase from the same period last year. Despite this strong showing, the stock price moved down the same day, indicating that investors are cautious about the company’s outlook. This makes 111 Inc an interesting investment opportunity as it is currently undervalued and may offer potential gains in the future.
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