111, Inc. (YI) Q2 2023 Earnings Call Transcript


111, Inc. (NASDAQ:YI) Q2 2023 Earnings Conference Call August 24, 2023 7:30 AM ET

Company Participants

Gang Yu – Co-Founder and Executive Chairman

Junling Liu – Co-Founder, Chairman, and Chief Executive Officer

Luke Chen – Chief Executive Officer, 111’s Major Subsidiary

Haihui Wang – Chief Operating Officer

Conference Call Participants

Xipeng Feng – CICC

Jessie Lu – HSBC

Steven Lin – Private Investor

Ethan Ling – Iron Harbor Capital

Operator

Hello, everyone and thank you for joining 111’s Conference Call today. On the call today from the company are Dr. Gang Yu, Co-Founder and Executive Chairman; Dr. Junling Liu, Co-Founder, Chairman, and CEO; Dr. Luke Chen, CEO of 111’s Major Subsidiary; and Dr. Haihui Wang, COO. As a reminder, today’s conference call is being broadcast live via webcast. The company’s earnings press release was distributed earlier today and together with the earnings presentation are available on the company’s IR website.

Before the conference call gets started, let me remind you that this call may contain forward-looking statements under the Safe Harbor Provisions Act. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known and unknown risks, uncertainties and other factors all of which would cause actual results to differ materially. For more information about these risks, please refer to the company’s filings with the SEC. 111 does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise, except as required under applicable law. Please note that all numbers are in RMD and all comparisons refer to year-over-year comparison unless otherwise stated. Please also refer to the earnings press release with detailed information of the comparative financial performance on a year-over-year basis.

With this, I will turn the call over to 111’s



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