111, Inc. (YI) Balance Sheet

NASDAQ: YIAssets, liabilities, debt and equity over 10 years.

YI balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥2.20B assets = CN¥1.99B liabilities + CN¥214.6M equity

Both columns are drawn to the same scale: what YI owns equals what it owes plus shareholders’ equity. Hover a block for its value.

YI financial health

Current ratio1.09

Adequate · current assets cover current liabilities 1.09×

Equity / assets−31.9%

Thin equity · of assets funded by shareholders

Cash / debt280.9%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

YI balance sheet trends, 2016–2025

111, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥941.6M2016	CN¥2.20B2025	+9.9%/yr
Total liabilities	CN¥366.1M2016	CN¥1.99B2025	+20.7%/yr
Shareholders’ equity	CN¥575.5M2016	−CN¥702.7M2025	—
Cash & short-term investments	CN¥640.3M2016	CN¥611.7M2025	−0.5%/yr
Total debt	CN¥50.7M2016	CN¥217.7M2025	+17.6%/yr
Net cash (debt)	CN¥589.6M2016	CN¥394.0M2025	−CN¥195.7M
Working capital	CN¥728.7M2016	CN¥171.3M2025	−CN¥557.4M
Current ratio	5.232016	1.092025	−4.14
Debt / equity	0.092016	0.922020	+0.83
Shares outstanding	82.9M2016	8.7M2025	−22.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

YI assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

YI liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

YI debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

YI balance sheet in Chinese yuan

111, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥611.7M	CN¥462.3M	CN¥653.7M	CN¥879.5M	CN¥843.9M	CN¥1.49B	CN¥613.7M	CN¥1.11B	CN¥461.2M	CN¥640.3M
Cash & equivalents	CN¥561.7M	CN¥462.3M	CN¥603.5M	CN¥673.7M	CN¥661.4M	CN¥1.19B	CN¥613.7M	CN¥853.7M	CN¥167.7M	CN¥373.5M
Short-term investments	CN¥50.1M	CN¥0	CN¥50.1M	CN¥205.9M	CN¥182.6M	CN¥300.2M	CN¥0	CN¥252.8M	CN¥293.5M	CN¥266.8M
Receivables	CN¥318.5M	CN¥630.7M	CN¥647.5M	CN¥600.5M	CN¥495.2M	CN¥175.7M	CN¥88.8M	CN¥28.6M	CN¥95.5M	CN¥96.1M
Inventory	CN¥999.1M	CN¥1.39B	CN¥1.42B	CN¥1.50B	CN¥1.12B	CN¥766.5M	CN¥486.3M	CN¥210.8M	CN¥144.1M	CN¥134.7M
Other current assets	CN¥196.9M	CN¥169.2M	CN¥212.8M	CN¥256.9M	CN¥341.5M	CN¥440.7M	CN¥292.6M	CN¥161.1M	CN¥29.7M	CN¥29.7M
Total current assets	CN¥2.13B	CN¥2.65B	CN¥2.93B	CN¥3.24B	CN¥2.80B	CN¥2.87B	CN¥1.48B	CN¥1.51B	CN¥730.5M	CN¥900.8M
Property, plant & equipment (net)	CN¥65.3M	CN¥122.0M	CN¥138.1M	CN¥212.4M	CN¥314.1M	CN¥142.1M	CN¥117.7M	CN¥20.3M	CN¥17.0M	CN¥24.5M
Goodwill & intangible assets	CN¥868,550	CN¥1.4M	CN¥2.3M	CN¥3.3M	CN¥4.9M	CN¥6.5M	CN¥8.0M	CN¥4.5M	CN¥4.8M	CN¥5.3M
Long-term investments	CN¥0	CN¥0	CN¥2.0M	CN¥2.0M	CN¥3.0M	CN¥140,000	CN¥140,000	CN¥11.1M	CN¥11.1M	CN¥11.0M
Other non-current assets	CN¥9.3M	CN¥14.7M	CN¥13.3M	CN¥20.3M	CN¥22.1M	CN¥5.1M	CN¥3.0M	CN¥3.4M	CN¥0	CN¥0
Total assets	CN¥2.20B	CN¥2.79B	CN¥3.09B	CN¥3.47B	CN¥3.15B	CN¥3.03B	CN¥1.61B	CN¥1.55B	CN¥763.4M	CN¥941.6M
Liabilities
Accounts payable	CN¥1.28B	CN¥1.72B	CN¥1.59B	CN¥1.76B	CN¥1.35B	CN¥1.07B	CN¥444.3M	CN¥212.3M	CN¥128.1M	CN¥98.0M
Short-term debt	CN¥187.8M	CN¥201.3M	CN¥380.6M	CN¥243.7M	CN¥325.4M	CN¥267.0M	CN¥126.2M	CN¥2.5M	CN¥43.4M	CN¥50.7M
Deferred revenue	—	CN¥185.9M	CN¥193.5M	CN¥323.6M	CN¥202.6M	CN¥131.0M	CN¥74.8M	CN¥21.5M	CN¥18.0M	CN¥13.0M
Total current liabilities	CN¥1.95B	CN¥2.34B	CN¥2.75B	CN¥2.73B	CN¥2.13B	CN¥1.63B	CN¥745.6M	CN¥314.5M	CN¥201.2M	CN¥172.2M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥49.1M	CN¥95.8M	CN¥105.2M	CN¥100.5M	CN¥165.6M	CN¥62.4M	CN¥88.1M	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥32.2M	CN¥64.4M	CN¥67.9M	CN¥100.5M	CN¥167.2M	CN¥66.1M	CN¥90.7M	CN¥8.1M	CN¥243.4M	CN¥193.9M
Total liabilities	CN¥1.99B	CN¥2.41B	CN¥2.81B	CN¥2.83B	CN¥2.30B	CN¥1.70B	CN¥836.4M	CN¥322.7M	CN¥444.6M	CN¥366.1M
Shareholders' equity
Common stock & paid-in capital	CN¥59,037	CN¥58,000	CN¥57,000	CN¥56,000	CN¥56,000	CN¥55,000	CN¥55,000	CN¥54,000	CN¥25,000	CN¥25,000
Retained earnings (deficit)	−CN¥3.95B	−CN¥3.88B	−CN¥3.82B	−CN¥3.43B	−CN¥3.01B	−CN¥2.34B	−CN¥1.88B	−CN¥1.38B	−CN¥1.00B	−CN¥755.1M
Treasury stock	—	—	—	—	—	—	−CN¥23.0M	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥72.7M	CN¥74.4M	CN¥72.5M	CN¥75.6M	CN¥59.4M	CN¥62.9M	CN¥76.4M	CN¥67.1M	CN¥47.5M	CN¥64.9M
Minority interest	CN¥916.7M	CN¥1.02B	CN¥859.6M	CN¥1.06B	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Total shareholders' equity	−CN¥702.7M	−CN¥642.6M	−CN¥583.5M	−CN¥414.6M	−CN¥173.3M	CN¥357.4M	CN¥776.7M	CN¥1.22B	CN¥318.8M	CN¥575.5M
Key figures
Total debt	CN¥217.7M	CN¥256.8M	CN¥443.2M	CN¥344.2M	CN¥491.0M	CN¥329.4M	CN¥208.8M	CN¥2.5M	CN¥43.4M	CN¥50.7M
Net cash (debt)	CN¥394.0M	CN¥205.5M	CN¥210.4M	CN¥535.3M	CN¥352.9M	CN¥1.16B	CN¥405.0M	CN¥1.10B	CN¥417.8M	CN¥589.6M
Working capital	CN¥171.3M	CN¥307.1M	CN¥188.3M	CN¥510.7M	CN¥671.8M	CN¥1.24B	CN¥735.8M	CN¥1.19B	CN¥529.3M	CN¥728.7M
Tangible book value	−CN¥703.5M	−CN¥644.1M	−CN¥585.7M	−CN¥417.9M	−CN¥178.2M	CN¥350.9M	CN¥768.6M	CN¥1.22B	CN¥314.1M	CN¥570.2M
Shares outstanding	8.7M	8.6M	8.4M	8.3M	8.3M	8.2M	8.2M	49.7M	80.7M	82.9M
Current ratio	1.09	1.13	1.07	1.19	1.32	1.76	1.99	4.79	3.63	5.23
Quick ratio	0.48	0.47	0.47	0.54	0.63	1.02	0.94	3.61	2.77	4.28
Debt / equity	—	—	—	—	—	0.92	0.27	0.00	0.14	0.09
Equity / assets	−31.9%	−23.1%	−18.9%	−11.9%	−5.5%	11.8%	48.2%	79.1%	41.8%	61.1%

111, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥381.3M	CN¥53.1M	CN¥611.7M	CN¥493.6M	CN¥447.5M	CN¥485.7M	CN¥462.3M	CN¥582.0M	CN¥595.5M	CN¥604.4M	CN¥653.7M	CN¥841.2M
Cash & equivalents	CN¥321.2M	CN¥50.2M	CN¥561.7M	CN¥463.6M	CN¥447.5M	CN¥485.7M	CN¥462.3M	CN¥532.0M	CN¥495.5M	CN¥584.4M	CN¥603.5M	CN¥730.9M
Short-term investments	CN¥60.0M	CN¥2.9M	CN¥50.1M	CN¥30.0M	CN¥0	CN¥0	CN¥0	CN¥50.0M	CN¥100.0M	CN¥20.0M	CN¥50.1M	CN¥110.3M
Receivables	CN¥257.9M	CN¥38.2M	CN¥318.5M	CN¥358.3M	CN¥343.1M	CN¥361.3M	CN¥413.1M	CN¥506.0M	CN¥484.2M	CN¥535.0M	CN¥647.5M	CN¥656.5M
Inventory	CN¥132.2M	CN¥147.4M	CN¥999.1M	CN¥1.25B	CN¥1.28B	CN¥1.34B	CN¥1.39B	CN¥1.53B	CN¥1.37B	CN¥1.43B	CN¥1.42B	CN¥1.48B
Other current assets	CN¥952.4M	CN¥31.3M	CN¥196.9M	CN¥282.5M	CN¥297.4M	CN¥295.3M	CN¥386.9M	CN¥266.7M	CN¥209.3M	CN¥213.3M	CN¥212.8M	CN¥215.5M
Total current assets	CN¥1.72B	CN¥269.9M	CN¥2.13B	CN¥2.39B	CN¥2.37B	CN¥2.49B	CN¥2.65B	CN¥2.89B	CN¥2.66B	CN¥2.79B	CN¥2.93B	CN¥3.19B
Property, plant & equipment (net)	CN¥8.4M	CN¥9.1M	CN¥65.3M	CN¥81.4M	CN¥97.5M	CN¥107.3M	CN¥122.0M	CN¥124.5M	CN¥115.9M	CN¥121.9M	CN¥138.1M	CN¥147.5M
Goodwill & intangible assets	CN¥713,248	CN¥785,054	CN¥868,550	CN¥143,570	CN¥1.1M	CN¥1.3M	CN¥0	CN¥1.6M	CN¥1.8M	CN¥2.1M	CN¥2.3M	CN¥2.5M
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M	CN¥2.0M
Other non-current assets	CN¥56.7M	CN¥683,946	CN¥9.3M	CN¥12.4M	CN¥11.7M	CN¥14.1M	CN¥16.1M	CN¥15.7M	CN¥13.4M	CN¥13.2M	CN¥13.3M	CN¥14.4M
Total assets	CN¥1.79B	CN¥280.5M	CN¥2.20B	CN¥2.48B	CN¥2.48B	CN¥2.61B	CN¥2.79B	CN¥3.03B	CN¥2.79B	CN¥2.92B	CN¥3.09B	CN¥3.36B
Liabilities
Accounts payable	CN¥1.08B	CN¥1.21B	CN¥1.28B	CN¥1.55B	CN¥1.55B	CN¥1.68B	CN¥1.72B	CN¥1.91B	CN¥1.60B	CN¥1.64B	CN¥1.59B	CN¥1.81B
Short-term debt	CN¥260.0M	CN¥37.3M	CN¥187.8M	CN¥170.0M	CN¥170.0M	CN¥148.5M	—	CN¥168.5M	CN¥189.4M	CN¥207.0M	CN¥380.6M	CN¥349.3M
Deferred revenue	—	—	—	—	—	CN¥185.9M	—	—	—	CN¥193.5M	CN¥153.5M	CN¥153.5M
Total current liabilities	CN¥1.61B	CN¥249.1M	CN¥1.95B	CN¥2.23B	CN¥2.10B	CN¥2.17B	CN¥2.34B	CN¥2.65B	CN¥2.48B	CN¥2.58B	CN¥2.75B	CN¥2.98B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥3.2M	CN¥3.8M	CN¥49.1M	CN¥34.7M	CN¥42.9M	CN¥46.7M	CN¥95.8M	CN¥64.0M	CN¥56.2M	CN¥54.7M	CN¥105.2M	CN¥64.8M
Other long-term liabilities	CN¥24.2M	CN¥4.1M	CN¥32.2M	CN¥36.9M	CN¥51.6M	CN¥55.3M	CN¥64.4M	CN¥72.3M	CN¥63.8M	CN¥60.8M	CN¥67.9M	CN¥64.8M
Total liabilities	CN¥1.63B	CN¥253.2M	CN¥1.99B	CN¥2.26B	CN¥2.15B	CN¥2.23B	CN¥2.41B	CN¥2.72B	CN¥2.54B	CN¥2.65B	CN¥2.81B	CN¥3.05B
Shareholders' equity
Common stock & paid-in capital	CN¥9,000	CN¥9,000	CN¥59,037	CN¥59,000	CN¥58,000	CN¥58,000	—	CN¥58,000	CN¥58,000	CN¥57,000	CN¥57,000	CN¥57,000
Retained earnings (deficit)	−CN¥593.4M	−CN¥578.1M	−CN¥3.95B	−CN¥3.93B	−CN¥3.92B	−CN¥3.90B	−CN¥3.88B	−CN¥3.86B	−CN¥3.85B	−CN¥3.83B	−CN¥3.82B	−CN¥3.61B
Accumulated other comprehensive income	CN¥10.5M	CN¥10.4M	CN¥72.7M	CN¥73.0M	CN¥73.4M	CN¥74.3M	—	CN¥72.6M	CN¥73.8M	CN¥73.3M	CN¥72.5M	CN¥80.2M
Minority interest	CN¥137.9M	CN¥134.4M	CN¥916.7M	CN¥902.7M	CN¥996.0M	—	—	—	—	—	—	—
Total shareholders' equity	−CN¥114.4M	−CN¥107.1M	−CN¥702.7M	−CN¥683.9M	−CN¥673.1M	−CN¥656.3M	−CN¥642.6M	−CN¥629.6M	−CN¥616.1M	−CN¥591.3M	−CN¥583.5M	−CN¥513.3M
Key figures
Total debt	CN¥282.0M	CN¥41.2M	CN¥217.7M	CN¥204.7M	CN¥212.9M	CN¥195.2M	—	CN¥232.5M	CN¥245.5M	CN¥261.7M	CN¥443.2M	CN¥414.2M
Net cash (debt)	CN¥99.3M	CN¥11.9M	CN¥394.0M	CN¥288.9M	CN¥234.5M	CN¥290.5M	—	CN¥349.5M	CN¥349.9M	CN¥342.7M	CN¥210.4M	CN¥427.1M
Working capital	CN¥117.9M	CN¥20.8M	CN¥171.3M	CN¥161.7M	CN¥264.3M	CN¥310.5M	CN¥307.1M	CN¥237.0M	CN¥177.4M	CN¥201.1M	CN¥188.3M	CN¥213.7M
Tangible book value	−CN¥115.1M	−CN¥107.9M	−CN¥703.5M	−CN¥684.0M	−CN¥674.2M	−CN¥657.5M	−CN¥642.6M	−CN¥631.2M	−CN¥617.9M	−CN¥593.3M	−CN¥585.7M	−CN¥515.7M
Shares outstanding	8.8M	8.8M	8.8M	8.7M	8.7M	8.7M	172.9M	8.6M	8.6M	8.6M	8.5M	8.5M
Current ratio	1.07	1.08	1.09	1.07	1.13	1.14	1.13	1.09	1.07	1.08	1.07	1.07
Quick ratio	0.40	0.37	0.48	0.38	0.38	0.39	0.37	0.41	0.44	0.44	0.47	0.50
Equity / assets	−6.4%	−38.2%	−31.9%	−27.5%	−27.2%	−25.2%	−23.1%	−20.8%	−22.1%	−20.2%	−18.9%	−15.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 30, 2026); data from EODHD.

YI financial position

At the end of fiscal 2025 (December 31, 2025), 111 had total assets of CN¥2.2 billion (down 21.0% from a year earlier), total liabilities of CN¥2.0 billion and shareholders' equity of -CN¥702.7 million. It held CN¥611.7 million in cash and short-term investments against CN¥217.7 million of debt, a net cash position of CN¥394.0 million. Its current ratio was 1.09. In the latest quarter (ended June 30, 2026) total assets were CN¥1.8 billion and equity -CN¥114.4 million.

Related: YI income statement, YI cash flow statement, YI key metrics. See the YI stock overview for the latest quote and news.

YI balance sheet FAQ

What are 111's total assets?

111 reported total assets of CN¥2.2 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥2.8 billion a year earlier.

How much debt does 111 have?

111 had CN¥217.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does 111 have?

111 held CN¥611.7 million in cash and short-term investments at the end of fiscal 2025; with CN¥217.7 million of debt that is net cash of CN¥394.0 million.

What is 111's book value?

111's shareholders' equity (book value) was -CN¥702.7 million at the end of fiscal 2025.

What is 111's current ratio?

111 had current assets of CN¥2.1 billion and current liabilities of CN¥2.0 billion, a current ratio of 1.09 (it can cover its short-term obligations).

How much goodwill does 111 have?

111 carried CN¥0.9 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.