111, Inc.
YI · Retail-Drug Stores and Proprietary Stores · EDGAR filings ↗
Reference price $0.23 — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C55Thin-margin China pharma distributor with declining revenue and breakeven profitability.
Strengths
- Positive FCF of $114.7M (68.8th pct) and $561M cash
- Served 500,000+ pharmacies with a scaled B2B distribution network
Risks
- Revenue down 12.8% (13.4th pct), gross margin 5.8% (7.6th pct) and operating margin ~0
- Quick ratio 0.58 (18th pct), recurring net losses, China regulatory/PRC listing risk
Notable findings
- Net lossNet loss (net margin -0.2%)
- Insider sellingInsider selling — 25 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$300,758, last 6mo) Form 4 ↗
Key metrics
Gross margin
5.8%
Operating margin
-0.0%
Net margin
-0.2%
Return on equity
3.2%
Return on assets
-1.0%
Revenue growth (QoQ)
-9.0%
Current ratio
1.1×
Free cash flow
$16M
EBITDA
$1M
Tangible book value
-$101M
Cash & investments
$80M
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Sun Jian David | Sell | 59K | $0.23 |
| 2026-06-15 | Chen Yang Luke | Sell | 44K | $0.23 |
| 2026-06-12 | Chen Yang Luke | Sell | 50K | $0.23 |
| 2026-06-11 | Sun Jian David | Sell | 111K | $0.23 |
| 2026-06-11 | Sun Jian David | Sell | 111K | $0.23 |
| 2026-06-10 | Sun Jian David | Sell | 115K | $0.22 |
| 2026-06-10 | Sun Jian David | Sell | 115K | $0.22 |
| 2026-06-10 | Sun Jian David | Sell | 115K | $0.22 |
| 2026-06-09 | Sun Jian David | Sell | 12K | $0.23 |
| 2026-06-09 | Sun Jian David | Sell | 12K | $0.23 |
| 2026-06-09 | Sun Jian David | Sell | 12K | $0.23 |
| 2026-05-27 | Sun Jian David | Sell | 70K | $0.25 |
| 2026-05-27 | Sun Jian David | Sell | 70K | $0.25 |
| 2026-05-27 | Sun Jian David | Sell | 70K | $0.25 |
| 2026-05-27 | Luo Jun Justin | Sell | 70K | $0.25 |
| 2026-05-27 | Chen Yang Luke | Sell | 3.4K | $0.25 |
| 2026-05-27 | Sun Jian David | Sell | 70K | $0.25 |
| 2026-05-27 | Chen Yang Luke | Sell | 3.4K | $0.25 |
| 2026-05-26 | Sun Jian David | Sell | 29K | $0.27 |
| 2026-05-26 | Chen Yang Luke | Sell | 1.4K | $0.27 |
| 2026-05-26 | Sun Jian David | Sell | 29K | $0.27 |
| 2026-05-26 | Sun Jian David | Sell | 29K | $0.27 |
| 2026-05-26 | Luo Jun Justin | Sell | 29K | $0.27 |
| 2026-05-26 | Sun Jian David | Sell | 29K | $0.27 |
| 2026-05-26 | Chen Yang Luke | Sell | 1.4K | $0.27 |
| 2026-05-12 | Sun Jian David | Grant | 413K | — |
| 2026-05-12 | Luo Jun Justin | Grant | 413K | — |
| 2026-05-12 | Luo Jun Justin | Grant | 413K | — |
| 2026-05-12 | Sun Jian David | Grant | 413K | — |
| 2026-05-12 | Sun Jian David | Grant | 413K | — |
| 2026-05-12 | Chen Yang Luke | Grant | 413K | — |
| 2026-05-12 | Sun Jian David | Grant | 413K | — |
| 2026-05-12 | Chen Yang Luke | Grant | 413K | — |
| 2026-05-12 | Teo Nee Chuan | Grant | 413K | — |
| 2026-05-12 | Chen Yang Luke | Grant | 413K | — |
| 2026-05-12 | Sun Jian David | Grant | 413K | — |
| 2026-05-11 | Chen Yang Luke | Grant | 55K | — |
| 2026-05-11 | Sun Jian David | Grant | 379K | — |
| 2026-05-11 | Luo Jun Justin | Grant | 379K | — |
| 2026-05-11 | Chen Yang Luke | Grant | 55K | — |
| 2026-05-11 | Luo Jun Justin | Grant | 379K | — |
| 2026-05-11 | Teo Nee Chuan | Grant | 379K | — |
| 2026-05-11 | Sun Jian David | Grant | 379K | — |
| 2026-05-11 | Sun Jian David | Grant | 379K | — |
| 2026-05-11 | Sun Jian David | Grant | 379K | — |
| 2026-05-11 | Sun Jian David | Grant | 379K | — |
| 2026-05-11 | Chen Yang Luke | Grant | 55K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001104659-26-052002 ↗ |
| 20-F | 2025-04-29 | 2024-12-31 | 0001410578-25-000964 ↗ |
| 20-F | 2024-05-14 | 2023-12-31 | 0001104659-24-060922 ↗ |
| 20-F | 2023-04-28 | 2022-12-31 | 0001104659-23-051944 ↗ |
| 20-F | 2022-04-29 | 2021-12-31 | 0001104659-22-052772 ↗ |
| 20-F | 2021-04-30 | 2020-12-31 | 0001104659-21-058014 ↗ |
| 20-F | 2020-04-16 | 2019-12-31 | 0001104659-20-047214 ↗ |
| 20-F | 2019-04-10 | 2018-12-31 | 0001104659-19-020555 ↗ |