111 Inc. has released its latest financial results, reporting a notable variation in its key financial metrics. The company observed changes in net income, with the non-GAAP net income excluding share-based compensation expenses being a focal point in their reporting. Furthermore, 111 Inc. has provided insights into its financial outlook, highlighting arrangements with investors for rescheduling repayments, which include phased repayments at extended periods. The company utilizes non-GAAP financial measures to provide a clearer view of its operating performance. These measures include non-GAAP income from operations and non-GAAP net loss attributable to ordinary shareholders, which exclude share-based compensation expenses. 111 Inc. emphasizes the utility of these metrics in understanding past performance and future prospects. Additionally, the company has secured commitment letters from investors representing approximately 96.79% of the total amount required to reschedule repayments, with part of the redemption already fulfilled upon agreement signing. For detailed information on these financial arrangements, the company refers stakeholders to its annual report for the fiscal year ended December 31, 2024.
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