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Vipshop Reports Unaudited Fourth Quarter and Full Year 2015 Financial Results
Fourth Quarter 2015 Highlights
- Total net revenue increased by 65% to
RMB13.90 billion (US$2.15 billion ), primarily attributable to a 58% year-over-year increase in the number of active customers[1] to 19.8 million and a 67% year-over-year increase in total orders[2] to 64.9 million. - Gross profit increased by 60% to
RMB3.35 billion (US$517 million ) fromRMB2.09 billion in the prior year period. - Income from operations increased by 114% to
RMB802 million (US$124 million ) fromRMB375 million in the prior year period. Operating margin increased to 5.8% from 4.5% in the prior year period. - Non-GAAP income from operations[3] increased by 96% to
RMB966 million (US$149 million ) fromRMB493 million in the prior year period. Non-GAAP operating margin[4] increased to 6.9% from 5.9% in the prior year period. - Net income attributable to
Vipshop's shareholders increased by 45% toRMB506 million (US$78 million ) fromRMB349 million in the prior year period. - Non-GAAP net income attributable to
Vipshop's shareholders[5] increased by 61% toRMB741 million (US$114 million ) fromRMB460 million in the prior year period.
Full Year 2015 Highlights
- Total net revenue increased by 74% to
RMB40.20 billion (US$6.21 billion ) over prior year, primarily attributable to a 51% year-over-year increase in the number of active customers to 36.6 million and a 64% year-over-year increase in total orders to 193.1 million. - Gross profit increased by 72% to
RMB9.90 billion (US$1.53 billion ) fromRMB5.75 billion in the prior year. - Income from operations increased by 148% to
RMB2.07 billion (US$320 million ) fromRMB834 million in the prior year. Operating margin increased to 5.2% from 3.6% in the prior year. - Non-GAAP income from operations increased by 108% to
RMB2.64 billion (US$407 million ) fromRMB1.27 billion in the prior year period. Non-GAAP operating margin increased to 6.6% from 5.5% in the prior year. - Net income attributable to
Vipshop 's shareholders increased by 89% toRMB1.59 billion (US$245 million ) fromRMB841 million in the prior year. Net margin increased to 4.0% from 3.6% in the prior year. - Non-GAAP net income attributable to
Vipshop 's shareholders increased by 78% toRMB2.20 billion (US$339 million ) fromRMB1.23 billion in the prior year.
Mr.
Mr.
Fourth Quarter 2015 Financial Results
REVENUE
Total net revenue for the fourth quarter of 2015 increased by 65% to
The number of active customers for the fourth quarter of 2015 increased by 58% to 19.8 million from 12.5 million in the prior year period. The number of total orders for the fourth quarter of 2015 increased by 67% to 64.9 million from 38.9 million in the prior year period[6].
In an effort to increase focus on its core flash sales business, the Company began to substantially scale down its lower-margin group-buy business in the third quarter of 2014. Excluding the impact of the group-buy business and Lefeng, the number of total customers and total orders for
GROSS PROFIT
Gross profit for the fourth quarter of 2015 increased by 60% to
OPERATING INCOME AND EXPENSES
Total operating expenses for the fourth quarter of 2015 were
- Fulfillment expenses for the fourth quarter of 2015 were
RMB1.26 billion (US$195 million ), as compared withRMB789 million in the prior year period, primarily reflecting the increase in sales volume, and number of orders fulfilled. As a percentage of total net revenue, fulfillment expenses decreased to 9.1% from 9.4% in the prior year period, primarily reflecting the scale effect associated with the growth in total net revenue. - Marketing expenses for the fourth quarter of 2015 were
RMB715 million (US$110 million ), as compared withRMB421 million in the prior year period, reflecting the Company's strategy to drive long-term growth through increasing investments in strengthening its brand awareness, attracting new users and expanding market share. As a percentage of total net revenue, marketing expenses were 5.1%, as compared to 5.0% in the prior year period. - Technology and content expenses for the fourth quarter of 2015 were
RMB322 million (US$50 million ), as compared withRMB236 million in the prior year period, reflecting the Company's continued efforts to invest in human capital and advanced technologies such as data analytics, which can help improve the ability to predict consumer behavior and further enhance user experience. As a percentage of total net revenue, technology and content expenses decreased to 2.3% from 2.8% in the prior year period, primarily reflecting the scale effect associated with the growth in total net revenue. - General and administrative expenses for the fourth quarter of 2015 were
RMB421 million (US$65 million ), as compared withRMB334 million in the prior year period. As a percentage of total net revenue, general and administrative expenses decreased to 3.0% from 4.0% in the prior year period, primarily reflecting the scale effect associated with the growth in total net revenue.
Income from operations for the fourth quarter of 2015 increased by 114% to
Non-GAAP income from operations, which excludes share-based compensation expenses and amortization of intangible assets resulting from a business acquisition, increased by 96% to
NET INCOME
Exchange loss was
Net income attributable to
Non-GAAP net income attributable to
For the quarter ended
As of
For the quarter ended
Full Year 2015 Financial Results
Total net revenues increased by 74% year over year for the full year of 2015 to
The number of active customers for the full year of 2015 increased by 51% to 36.6 million from 24.3 million in the prior year. The number of total orders for the full year of 2015 increased by 64% to 193.1 million from 118.0 million in the prior year.
Gross profit increased by 72% to
Income from operations for the full year of 2015 increased by 148% to
Non-GAAP income from operations for the full year of 2015 increased by 108% to
Net income attributable to
Non-GAAP net income attributable to
For the full year ended
For the full year of 2015, net cash from operating activities was
Share Repurchase Program
On
Business Outlook
For the first quarter of 2016, the Company expects its total net revenue to be between
Exchange Rate
This announcement contains currency conversions of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars are made at a rate of
Conference Call Information
The Company will hold a conference call on
United States: |
+1-845-675-0438 |
International Toll Free: |
+1-855-500-8701 |
China Domestic: |
400-1200654 |
Hong Kong: |
+852-3018-6776 |
Conference ID: |
#54231245 |
The replay will be accessible through
United States Toll Free: |
+1-855-452-5696 |
International: |
+61 2 90034211 |
Conference ID: |
#54231245 |
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.vip.com.
About
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as
Use of Non-GAAP Financial Measures
The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in
The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Vipshop Holdings Limited Reconciliations of GAAP and Non-GAAP Results" at the end of this release.
[1] |
Beginning in the first quarter of 2015, the Company has updated its definition of "active customers" from "registered members who have purchased products from the Company at least once during the relevant period" to "registered members who have purchased from the Company or the Company's online marketplace platforms at least once during the relevant period." The active customer figures in 2014 and 2015 include active Lefeng customers after the Lefeng acquisition was completed in February 2014. |
[2] |
Beginning in the first quarter of 2015, the Company has updated its definition of "total orders" from "the total number of orders placed during the relevant period" to "the total number of orders placed during the relevant period, including the orders for products and services sold in the Company's online sales business and on the Company's online marketplace platforms, net of orders returned." The total order figures in 2014 and 2015 include orders attributable to Lefeng after the Lefeng acquisition was completed in February 2014. |
[3] |
Non-GAAP income from operations is a non-GAAP financial measure, which is defined as income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from a business acquisition. |
[4] |
Non-GAAP operating income margin is a non-GAAP financial measure, which is defined as non-GAAP income from operations as a percentage of total net revenues. |
[5] |
Non-GAAP net income attributable to Vipshop's shareholders is a non-GAAP financial measure. Effective from the fourth quarter of 2015, the non-GAAP net income attributable to Vipshop's shareholders is defined as net income attributable to Vipshop's shareholders excluding share-based compensation expenses, impairment loss of investments, and amortization of intangible assets resulting from a business acquisition and equity method investments. |
[6] |
The prior year period figures of active customers and total orders in this release have also been revised to reflect the broadened definitions as explained in footnotes 1 and 2 above to ensure comparability. |
[7] |
"ADS" means American Depositary Share. Effective November 3, 2014, the Company changed its ADS to Class A Ordinary Share ("Share") ratio from one ADS representing two Shares to five ADSs representing one Share. The computations of GAAP and non-GAAP income per diluted ADS have been adjusted retroactively for all periods presented to reflect this change. |
Vipshop Holdings Limited |
|||||||
Condensed Consolidated Statements of Income and Comprehensive Income |
|||||||
(In thousands, except per share data) |
|||||||
Three Months Ended |
Twelve Months Ended |
||||||
December 31, 2014 |
December 31, 2015 |
December 31, 2015 |
December 31, 2014 |
December 31, 2015 |
December 31, 2015 |
||
RMB'000 |
RMB'000 |
USD'000 |
RMB'000 |
RMB'000 |
USD'000 |
||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||
Product revenues |
8,250,360 |
13,657,163 |
2,108,303 |
22,685,111 |
39,409,961 |
6,083,850 |
|
Other revenues (1) |
163,559 |
243,983 |
37,664 |
444,202 |
793,251 |
122,457 |
|
Total net revenues |
8,413,919 |
13,901,146 |
2,145,967 |
23,129,313 |
40,203,212 |
6,206,307 |
|
Cost of goods sold |
(6,320,857) |
(10,552,727) |
(1,629,060) |
(17,378,044) |
(30,306,723) |
(4,678,552) |
|
Gross profit |
2,093,062 |
3,348,419 |
516,907 |
5,751,269 |
9,896,489 |
1,527,755 |
|
Operating expenses |
|||||||
Fulfillment expenses(2) |
(788,516) |
(1,263,359) |
(195,029) |
(2,268,949) |
(3,667,031) |
(566,092) |
|
Marketing expenses |
(421,189) |
(714,520) |
(110,303) |
(1,164,149) |
(2,089,348) |
(322,540) |
|
Technology and content expenses |
(235,848) |
(321,602) |
(49,647) |
(670,998) |
(1,076,520) |
(166,186) |
|
General and administrative expenses(3) |
(334,445) |
(421,401) |
(65,053) |
(967,463) |
(1,301,472) |
(200,913) |
|
Total operating expenses |
(1,779,998) |
(2,720,882) |
(420,032) |
(5,071,559) |
(8,134,371) |
(1,255,731) |
|
Other income |
62,270 |
174,223 |
26,895 |
153,977 |
308,431 |
47,614 |
|
Income from operations |
375,334 |
801,760 |
123,770 |
833,687 |
2,070,549 |
319,638 |
|
Other non-operating income |
- |
- |
- |
20,300 |
- |
- |
|
Impairment loss of investments |
(6,166) |
(89,749) |
(13,854) |
(6,166) |
(99,749) |
(15,398) |
|
Interest expenses |
(12,777) |
(24,441) |
(3,773) |
(75,249) |
(85,762) |
(13,239) |
|
Interest income |
84,830 |
46,844 |
7,232 |
288,622 |
267,208 |
41,250 |
|
Exchange loss |
(20,197) |
(73,307) |
(11,316) |
(853) |
(101,726) |
(15,704) |
|
Income before income taxes and share of loss of affiliates |
421,024 |
661,107 |
102,059 |
1,060,341 |
2,050,520 |
316,547 |
|
Income tax expense(4) |
(60,957) |
(162,748) |
(25,124) |
(245,032) |
(457,745) |
(70,664) |
|
Share of loss of affiliates |
(34,306) |
(7,777) |
(1,201) |
(62,716) |
(84,063) |
(12,977) |
|
Net income |
325,761 |
490,582 |
75,734 |
752,593 |
1,508,712 |
232,906 |
|
Net loss attributable to noncontrolling interests |
23,734 |
15,584 |
2,406 |
88,693 |
80,952 |
12,497 |
|
Net income attributable to Vipshop's shareholders |
349,495 |
506,166 |
78,140 |
841,286 |
1,589,664 |
245,403 |
|
Shares used in calculating earnings per share(5): |
|||||||
Class A ordinary shares: |
|||||||
—Basic |
97,841,008 |
99,486,779 |
99,486,779 |
96,800,324 |
99,225,734 |
99,225,734 |
|
—Diluted |
103,265,376 |
109,146,232 |
109,146,232 |
103,717,226 |
103,657,705 |
103,657,705 |
|
Class B ordinary shares: |
|||||||
—Basic |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
|
—Diluted |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
|
Net earnings per Class A share |
|||||||
Net income attributable to Vipshop's shareholders——Basic |
3.06 |
4.36 |
0.67 |
7.42 |
13.74 |
2.12 |
|
Net income attributable to Vipshop's shareholders——Diluted |
2.92 |
4.22 |
0.65 |
7.00 |
13.23 |
2.04 |
|
Net earnings per Class B share |
|||||||
Net income attributable to Vipshop's shareholders——Basic |
3.06 |
4.36 |
0.67 |
7.42 |
13.74 |
2.12 |
|
Net income attributable to Vipshop's shareholders——Diluted |
2.92 |
4.22 |
0.65 |
7.00 |
13.23 |
2.04 |
|
Net earnings per ADS (1 ordinary share equals to 5 ADSs) |
|||||||
Net income attributable to Vipshop's shareholders——Basic |
0.61 |
0.87 |
0.13 |
1.48 |
2.75 |
0.42 |
|
Net income attributable to Vipshop's shareholders——Diluted |
0.58 |
0.84 |
0.13 |
1.40 |
2.65 |
0.41 |
|
(1)Other revenues primarily consist of revenues from product promotion and online advertising, fees charged to third-party merchants which the Company provides platform access for sales of their products. |
(1)Other revenues primarily consist of revenues from product promotion and online advertising, fees charged to third-party merchants which the Company provides platform access for sales of their product. |
||||||
(2) Including shipping and handling expenses, which amounted RMB 403million and RMB 647 million in the three month periods ended December 31, 2014 and December 31, 2015, respectively. |
(2) Including shipping and handling expenses, which amounted RMB1,175 million and RMB1,714 million in the twelve month periods ended December 31,2014 and 2015 respectively. |
||||||
(3)Including amortization of intangible assets resulting from a business acquisition, which amounted to RMB 60 million and RMB 72 million in the three months period ended December 31, 2014 and December 31, 2015, respectively. |
(3)Including amortization of intangible assets resulting from a business acquisition, which amounted to RMB212 million and RMB265 million in the twelve months period ended December 31, 2014 and December 31, 2015, respectively. |
||||||
(4)Included income tax benefits of RMB 15 million and RMB 18 million related to the reversal of deferred tax liabilities, which was recognized on the businss acquisition of Lefeng for the three months period ended December 31, 2014 and December 31, 2015, respectively. |
(4)Included income tax benefits of RMB54 million and RMB67 million related to the reversal of deferred tax liabilities, which was recognized on the businss acquisition of Lefeng for the twelve months period ended December 31, 2014 and December 31, 2015, respectively. |
||||||
(5) Authorized share capital are re-classified and re-designated into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to ten votes on all matters that are subject to shareholder vote. |
(5) Authorized share capital are re-classified and re-designated into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to ten votes on all matters that are subject to shareholder vote. |
||||||
Net income |
325,761 |
490,582 |
75,734 |
752,593 |
1,508,712 |
232,906 |
|
Other comprehensive income (loss), net of tax: |
|||||||
Foreign currency translation adjustments |
(10,404) |
(2,815) |
(435) |
(1,709) |
(55,653) |
(8,591) |
|
Unrealized gain or loss of available-for-sales securities |
- |
(8,233) |
(1,271) |
- |
(7,783) |
(1,201) |
|
Comprehensive income |
315,357 |
479,534 |
74,028 |
750,884 |
1,445,276 |
223,114 |
|
Less: Comprehensive loss attributable to non-controlling interests |
(24,850) |
(22,048) |
(3,404) |
(89,975) |
(84,119) |
(12,986) |
|
Comprehensive income attributable to Vipshop's shareholders |
340,207 |
501,582 |
77,432 |
840,859 |
1,529,395 |
236,100 |
|
Three Months Ended |
Twelve Months Ended |
||||||
December 31, 2014 |
December 31, 2015 |
December 31, 2015 |
December 31, 2014 |
December 31, 2015 |
December 31, 2015 |
||
RMB'000 |
RMB'000 |
USD'000 |
RMB'000 |
RMB'000 |
USD'000 |
||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||
Share-based compensation charges included are follows |
|||||||
Fulfillment expenses |
3,206 |
6,259 |
966 |
10,822 |
18,665 |
2,881 |
|
Marketing expenses |
3,695 |
7,537 |
1,163 |
17,293 |
19,938 |
3,078 |
|
Technology and content expenses |
23,785 |
34,714 |
5,359 |
103,160 |
126,274 |
19,493 |
|
General and administrative expenses |
26,549 |
43,594 |
6,730 |
94,219 |
138,064 |
21,313 |
|
Total |
57,235 |
92,104 |
14,218 |
225,494 |
302,941 |
46,765 |
Vipshop Holdings Limited |
|||
Condensed Consolidated Balance Sheets |
|||
(In thousands, except per share data) |
|||
December 31, 2014 |
December 31, 2015 |
December 31, 2015 |
|
RMB'000 |
RMB'000 |
USD'000 |
|
ASSETS |
(Unaudited) |
(Unaudited) |
(Unaudited) |
CURRENT ASSETS |
|||
Cash and cash equivalents |
4,790,751 |
3,324,384 |
513,196 |
Restricted cash |
400 |
- |
- |
Held-to-maturity securities |
3,768,338 |
1,807,403 |
279,015 |
Accounts receivable, net |
41,447 |
351,423 |
54,250 |
Amounts due from related parties |
30,991 |
31,856 |
4,918 |
Other receivables and prepayments |
767,074 |
1,869,461 |
288,596 |
Inventories |
3,588,304 |
4,566,746 |
704,984 |
Deferred tax assets |
233,149 |
202,003 |
31,184 |
Total current assets |
13,220,454 |
12,153,276 |
1,876,143 |
NON-CURRENT ASSETS |
|||
Property and equipment, net |
1,911,453 |
2,949,604 |
455,340 |
Deposits for property and equipment |
207,509 |
933,419 |
144,095 |
Land use rights, net |
81,991 |
197,462 |
30,483 |
Intangible assets, net |
1,038,949 |
744,369 |
114,911 |
Investment in affiliates |
287,390 |
252,706 |
39,011 |
Other investments |
102,792 |
489,862 |
75,622 |
Available-for-sale securities investment, non-current |
- |
269,736 |
41,640 |
Other long-term assets |
40,503 |
1,936,307 |
298,914 |
Goodwill |
60,000 |
108,781 |
16,793 |
Total non-current assets |
3,730,587 |
7,882,246 |
1,216,809 |
TOTAL ASSETS |
16,951,041 |
20,035,522 |
3,092,952 |
LIABILTIES AND EQUITY |
|||
CURRENT LIABILITIES |
|||
Accounts payable (Including accounts payable of the VIE without |
6,121,256 |
6,645,262 |
1,025,852 |
Advance from customers (Including advance from customers of the VIE without recourse to the Company of RMB 1,217,429 and RMB 879,848 as of December 31, 2014 and December 31, 2015, respectively) |
1,422,935 |
2,009,578 |
310,225 |
Accrued expenses and other current liabilities(Including accrued expenses and other current liabilities of the VIE without recourse to the Company of RMB 944,097 and RMB 1,127,270 as of December 31, 2014 and December 31, 2015, respectively) |
2,340,756 |
3,104,622 |
479,271 |
Amounts due to related parties(Including amounts due to related parties of the VIE without recourse to the Company of RMB 2,474 and RMB 82,994 as of December 31, 2014 and December 31, 2015, respectively) |
75,784 |
206,966 |
31,950 |
Deferred income (Including deferred income of the VIE without recourse to the Company of RMB 178,920 and RMB 95,643 as of December 31, 2014 and December 31, 2015, respectively) |
194,560 |
104,531 |
16,137 |
Short term loans (Including short term loans of the VIE without recourse to the Company of nil and nil as of December 31, 2014 and December 31, 2015) |
- |
95,000 |
14,665 |
Total current liabilities |
10,155,291 |
12,165,959 |
1,878,100 |
NON-CURRENT LIABILITIES |
|||
Deferred tax liability |
242,697 |
175,416 |
27,080 |
Deferred income-non current |
22,699 |
3,504 |
|
Convertible senior notes |
3,854,985 |
4,058,181 |
626,475 |
Total non-current liabilities |
4,097,682 |
4,256,296 |
657,059 |
Total liabilities |
14,252,973 |
16,422,255 |
2,535,159 |
EQUITY: |
|||
Class A ordinary shares (US$0.0001 par value, 483,489,642 shares authorized, and 100,085,519 and 98,028,314 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively) |
63 |
65 |
10 |
Class B ordinary shares (US$0.0001 par value, 16,510,358 shares authorized, and 16,510,358 and 16,510,358 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively) |
11 |
11 |
2 |
Treasury shares, at cost - 1,614,135 shares as of December 31, 2015 |
- |
(844,711) |
(130,401) |
Additional paid-in capital |
2,538,217 |
2,838,591 |
438,203 |
Retained earnings |
26,544 |
1,616,209 |
249,500 |
Accumulated other comprehensive income (loss) |
(10,711) |
(70,980) |
(10,957) |
Non-controlling interests |
143,944 |
74,082 |
11,436 |
Total shareholders' equity |
2,698,068 |
3,613,267 |
557,793 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
16,951,041 |
20,035,522 |
3,092,952 |
Vipshop Holdings Limited |
|||||||
Reconciliations of GAAP and Non-GAAP Results |
|||||||
Three Months Ended |
Twelve Months Ended |
||||||
December 31, 2014 |
December 31, 2015 |
December 31, 2015 |
December 31, 2014 |
December 31, 2015 |
December 31, 2015 |
||
RMB'000 |
RMB'000 |
USD'000 |
RMB'000 |
RMB'000 |
USD'000 |
||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||
Income from operations |
375,334 |
801,760 |
123,771 |
833,687 |
2,070,549 |
319,638 |
|
Share-based compensation expenses |
57,235 |
92,104 |
14,218 |
225,494 |
302,941 |
46,766 |
|
Amortization of intangible assets resulting from a business acquisition |
59,931 |
71,775 |
11,080 |
212,260 |
264,842 |
40,885 |
|
Non-GAAP income from operations |
492,500 |
965,639 |
149,069 |
1,271,441 |
2,638,332 |
407,289 |
|
Net income |
325,761 |
490,582 |
75,733 |
752,593 |
1,508,712 |
232,905 |
|
Share-based compensation expenses |
57,235 |
92,104 |
14,218 |
225,494 |
302,941 |
46,766 |
|
Impairment loss of investments |
6,166 |
89,749 |
13,854 |
6,166 |
99,749 |
15,398 |
|
Amortization of intangible assets resulting from a business acquisition and equity method investments (net of tax) |
58,336 |
66,867 |
10,322 |
201,118 |
255,918 |
39,507 |
|
Non-GAAP net income |
447,498 |
739,302 |
114,127 |
1,185,371 |
2,167,320 |
334,576 |
|
Net income attributable to Vipshop's shareholders |
349,495 |
506,166 |
78,139 |
841,286 |
1,589,664 |
245,402 |
|
Share-based compensation expenses |
57,235 |
92,104 |
14,218 |
225,494 |
302,941 |
46,766 |
|
Impairment loss of investments |
6,166 |
89,749 |
13,854 |
6,166 |
99,749 |
15,398 |
|
Amortization of intangible assets resulting from a business acquisition and equity method investments (exclude non-controlling interests and net of tax) |
47,278 |
53,472 |
8,255 |
161,498 |
206,490 |
31,877 |
|
Non-GAAP net income attributable to Vipshop's shareholders |
460,174 |
741,491 |
114,466 |
1,234,444 |
2,198,844 |
339,443 |
|
Shares used in calculating earnings per share: |
|||||||
Basic ordinary shares: |
|||||||
Class A ordinary shares: |
|||||||
—Basic |
97,841,008 |
99,486,779 |
99,486,779 |
96,800,324 |
99,225,734 |
99,225,734 |
|
—Diluted |
103,265,376 |
109,146,232 |
109,146,232 |
103,717,226 |
103,657,705 |
103,657,705 |
|
Class B ordinary shares: |
|||||||
—Basic |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
|
—Diluted |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
16,510,358 |
|
Non-GAAP net income per Class A share |
|||||||
Non-GAAP net income attributable to Vipshop's shareholders——Basic |
4.02 |
6.39 |
0.99 |
10.89 |
19.00 |
2.93 |
|
Non-GAAP net income attributable to Vipshop's shareholders——Diluted |
3.84 |
6.10 |
0.94 |
10.27 |
17.39 |
2.68 |
|
Non-GAAP net income per Class B share |
|||||||
Non-GAAP net income attributable to Vipshop's shareholders——Basic |
4.02 |
6.39 |
0.99 |
10.89 |
19.00 |
2.93 |
|
Non-GAAP net income attributable to Vipshop's shareholders——Diluted |
3.84 |
6.10 |
0.94 |
10.27 |
17.39 |
2.68 |
|
Non-GAAP net income per ADS (1 ordinary share equal to 5 ADSs) |
|||||||
Non-GAAP net income attributable to Vipshop's shareholders——Basic |
0.80 |
1.28 |
0.20 |
2.18 |
3.80 |
0.59 |
|
Non-GAAP net income attributable to Vipshop's shareholders——Diluted |
0.77 |
1.22 |
0.19 |
2.05 |
3.48 |
0.54 |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vipshop-reports-unaudited-fourth-quarter-and-full-year-2015-financial-results-300225527.html
SOURCE
Investor Relations Contact: Vipshop Holdings Limited, Millicent Tu, Tel: +86 (20) 2233-0732, Email: IR@vipshop.com; or, ICR, Inc., Jeremy Peruski, Tel: +1 (646) 405-4866, Email: IR@vipshop.com