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Vipshop Reports Unaudited Fourth Quarter and Full Year 2018 Financial Results
Fourth Quarter and Full Year 2018 Highlights
- Total net revenue for the fourth quarter of 2018 increased by 8.1% year over year to
RMB26.1 billion (US$3.8 billion ) fromRMB24.1 billion in the prior year period. Total net revenue for the full year of 2018 increased by 15.9% year over year toRMB84.5 billion (US$12.3 billion ) fromRMB72.9 billion in the prior year. - GMV[1] for the fourth quarter of 2018 increased by 15% year over year to
RMB41.8 billion fromRMB36.3 billion in the prior year period. GMV for the full year of 2018 increased by 21% year over year toRMB131.0 billion fromRMB108.4 billion in the prior year. - Gross profit for the fourth quarter of 2018 increased by 2.8% year over year to
RMB5.4 billion (US$783.1 million ) fromRMB5.2 billion in the prior year period. Gross profit for the full year of 2018 increased by 4.8% year over year toRMB17.1 billion (US$2.5 billion ) fromRMB16.3 billion in the prior year. - Net income attributable to
Vipshop's shareholders for the fourth quarter of 2018 increased by 2.3% year over year toRMB688.7 million (US$100.2 million ) fromRMB673.2 million in the prior year period. Net income attributable toVipshop's shareholders for the full year of 2018 increased by 9.2% year over year toRMB2.1 billion (US$309.6 million ) fromRMB1.9 billion in the prior year. - Non-GAAP net income attributable to
Vipshop's shareholders[2] for the fourth quarter of 2018 increased by 2.9% year over year toRMB913.6 million (US$132.9 million ) fromRMB888.1 million in the prior year period. Non-GAAP net income attributable toVipshop's shareholders for the full year of 2018 wasRMB2.7 billion (US$395.5 million ), as compared withRMB2.9 billion in the prior year. - The number of active customers[3] for the fourth quarter of 2018 increased by 13% year over year to 32.4 million from 28.6 million in the prior year period. The number of active customers for the full year of 2018 increased by 5% year over year to 60.5 million from 57.8 million in the prior year.
- Total orders[4] for the fourth quarter of 2018 increased by 35% year over year to 140.3 million from 104.2 million in the prior year period. Total orders for the full year of 2018 increased by 31% year over year to 437.4 million from 335.0 million in the prior year.
Mr.
Mr.
Recent Business Highlights
- In the fourth quarter of 2018,
Vipshop's total active customers grew by 13% year over year. The number of new customers fromTencent andJD.com accounted for approximately 23% ofVipshop's total new customers during the quarter. - As of
December 31, 2018 , approximately 3.2 million customers enrolled inVipshop's Super VIP Paid Membership Program, representing a 38% increase quarter over quarter. The initial membership renewal rate for customers who joined the program beforeDecember 31, 2017 was over 70%. - The number of total active customers who participated in the 2018 Singles' Day Promotional Event, including those who otherwise had not purchased with the Company for a period of time, increased by 23% year over year.
- More than 5,500 brands participated in the 12.8 Anniversary Sale in 2018, representing a 14% year-over-year increase. New customers from the WeChat mini-program accounted for over 20% of total new customers during the promotional period, demonstrating the strength of the WeChat mini-program in new customer acquisition.
- In the fourth quarter of 2018,
Vipshop added approximately 86,000 square meters of warehousing space. As ofDecember 31, 2018 ,Vipshop has approximately 3.0 million square meters of total warehousing space, of which around 1.9 million square meters is owned by the Company.
Fourth Quarter 2018 Financial Results
REVENUE
Total net revenue for the fourth quarter of 2018 increased by 8.1% year over year to
GROSS PROFIT
Gross profit for the fourth quarter of 2018 increased by 2.8% year over year to
OPERATING EXPENSES
Total operating expenses for the fourth quarter of 2018 were
- Fulfillment expenses for the fourth quarter of 2018 were
RMB2.1 billion (US$304.8 million ), as compared withRMB2.1 billion in the prior year period. As a percentage of total net revenue, fulfillment expenses for the fourth quarter of 2018 decreased to 8.0% from 8.9% in the prior year period. - Marketing expenses for the fourth quarter of 2018 were
RMB1.1 billion (US$162.5 million ), as compared withRMB1.0 billion in the prior year period. As a percentage of total net revenue, marketing expenses for the fourth quarter of 2018 were 4.3% as compared with 4.2% in the prior year period. - Technology and content expenses for the fourth quarter of 2018 were
RMB533.2 million (US$77.5 million ), as compared withRMB486.1 million in the prior year period. As a percentage of total net revenue, technology and content expenses for the fourth quarter of 2018 remained stable at 2.0% year over year. - General and administrative expenses for the fourth quarter of 2018 were
RMB820.6 million (US$119.4 million ), as compared withRMB780.2 million in the prior year period. As a percentage of total net revenue, general and administrative expenses for the fourth quarter of 2018 decreased to 3.1% from 3.2% in the prior year period.
INCOME FROM OPERATIONS
Income from operations for the fourth quarter of 2018 increased by 13.5% year over year to
Non-GAAP income from operations[5] for the fourth quarter of 2018, which excludes share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, was
NET INCOME
Net income attributable to
Non-GAAP net income attributable to
For the quarter ended
BALANCE SHEET AND CASH FLOW
As of
For the quarter ended
For the three months ended |
||||
Dec 31, 2017
RMB'000 |
Dec 31, 2018
RMB'000 |
Dec 31, 2018
US$'000 |
||
Net cash from operating activities |
877,938 |
5,855,701 |
851,676 |
|
Add: Impact from Internet financing activities[11] |
1,736,201 |
1,070,356 |
155,677 |
|
Less: Capital expenditures |
(496,016) |
(898,215) |
(130,640) |
|
Free cash flow in |
2,118,123 |
6,027,842 |
876,713 |
Full Year 2018 Financial Results
Total net revenue for the full year of 2018 increased by 15.9% year over year to
Gross profit for the full year of 2018 increased by 4.8% year over year to
Income from operations for the full year of 2018 was
Non-GAAP income from operations for the full year of 2018, which excludes share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, was
Net income attributable to
Non-GAAP net income attributable to
For the full year of 2018, the Company's weighted average number of ADSs used in computing diluted earnings per ADS was 700,418,049.
For the full year of 2018, net cash from operating activities was
For the trailing twelve months ended
Dec 31, 2017
RMB'000 |
Dec 31, 2018
RMB'000 |
Dec 31, 2018
US$'000 |
||
Net cash from operating activities |
981,251 |
5,745,748 |
835,684 |
|
Add: Impact from Internet financing activities |
3,300,751 |
393,393 |
57,217 |
|
Less: Capital expenditures |
(2,474,450) |
(3,593,960) |
(522,720) |
|
Free cash flow in |
1,807,552 |
2,545,181 |
370,181 |
Business Outlook
Starting from the fourth quarter of 2018, GMV contribution from the apparel category with a relatively high return rate among all categories has increased, and the Company shifted certain standardized categories from its first-party business into the marketplace platform in order to improve profitability. Revenue generated from the marketplace platform is recorded as other revenue instead of product revenue. In light of this development in revenue mix, the Company began to disclose GMV to provide an additional perspective for the market to measure the scale of its business.
For the first quarter of 2019, the Company expects its total net revenue to be between
Exchange Rate
The Company's business is primarily conducted in
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: |
400-1200-654 |
Hong Kong: |
+852-3018-6776 |
Conference ID: |
#4746236 |
The replay will be accessible through
United States Toll Free: |
+1-855-452-5696 |
International: |
+61-2-9003-4211 |
Conference ID: |
#4746236 |
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 condensed consolidated financial information is derived from the Company's unaudited interim condensed consolidated financial statements 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] "Gross merchandise value (GMV)" is defined as the total Renminbi value of all products and services sold in the Company's online sales business and on the Company's online marketplace platform during the relevant period, including through the Company's websites and mobile apps, as well as through third-party websites and mobile apps that were fulfilled by either the Company or its third-party merchants, regardless of whether or not the goods were delivered or returned. GMV includes shipping charges paid by buyers to sellers. For prudent considerations, the Company does not consider products or services to be sold if the relevant orders were placed and canceled pre-shipment and only included orders that left the Company's or other third-party vendors' warehouses. |
[2] Non-GAAP net income attributable to Vipshop's shareholders is a non-GAAP financial measure, which is defined as net income attributable to Vipshop's shareholders excluding (i) share-based compensation expenses, (ii) impairment loss in investments, (iii) amortization of intangible assets resulting from business acquisitions and equity method investments, (iv) tax effect of amortization of intangible assets resulting from business acquisitions, (v) loss (gain) on disposal, revaluation and value changes of investments, (vi) tax effect of investment gain, and (vii) share of result in investment of limited partnership that is accounted for as an equity method investee. |
[3] "Active customers" is defined as registered members who have purchased from the Company or the Company's online marketplace platforms at least once during the relevant period. |
[4] "Total orders" is defined as 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. |
[5] 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 business acquisitions. |
[6] 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. |
[7] "ADS" means American depositary share, each of which represents 0.2 Class A ordinary share. |
[8] Non-GAAP net margin attributable to Vipshop's shareholders is a non-GAAP financial measure, which is defined as non-GAAP net income attributable to Vipshop's shareholders, as a percentage of total net revenues. |
[9] Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS is a non-GAAP financial measure, which is defined as non-GAAP net income attributable to Vipshop's shareholders |
[10] Free cash flow is a non-GAAP financial measure, which is defined as net cash from operating activities adding back the impact from Internet financing activities and less capital expenditures, which include purchase of property and equipment, purchase and deposits of land use rights, and purchase of other assets. |
[11] Impact from Internet financing activities represents net cash flow relating to the Company's financial products, which are primarily consumer financing and supplier financing that the Company provides to customers and suppliers. |
Vipshop Holdings Limited |
|||||||
Unaudited Condensed Consolidated Statements of Income and Comprehensive Income |
|||||||
(In thousands, except for share and per share data) |
|||||||
Three Months Ended |
Twelve Months Ended |
||||||
December 31,2017 |
December 31,2018 |
December 31,2018 |
December 31,2017 |
December 31,2018 |
December 31,2018 |
||
RMB'000 |
RMB'000 |
USD'000 |
RMB'000 |
RMB'000 |
USD'000 |
||
Product revenues |
23,487,183 |
25,010,940 |
3,637,690 |
71,171,653 |
81,510,275 |
11,855,178 |
|
Other revenues (1) |
642,449 |
1,072,422 |
155,977 |
1,740,660 |
3,013,673 |
438,321 |
|
Total net revenues |
24,129,632 |
26,083,362 |
3,793,667 |
72,912,313 |
84,523,948 |
12,293,499 |
|
Cost of revenues |
(18,889,638) |
(20,699,018) |
(3,010,547) |
(56,618,471) |
(67,454,981) |
(9,810,920) |
|
Gross profit |
5,239,994 |
5,384,344 |
783,120 |
16,293,842 |
17,068,967 |
2,482,579 |
|
Operating expenses: |
|||||||
Fulfillment expenses (2) |
(2,145,119) |
(2,095,750) |
(304,814) |
(6,899,654) |
(7,489,393) |
(1,089,287) |
|
Marketing expenses |
(1,018,500) |
(1,117,081) |
(162,473) |
(2,978,621) |
(3,240,450) |
(471,304) |
|
Technology and content expenses |
(486,060) |
(533,162) |
(77,545) |
(1,808,452) |
(2,000,894) |
(291,018) |
|
General and administrative expenses (3) |
(780,194) |
(820,649) |
(119,358) |
(2,447,724) |
(2,674,179) |
(388,943) |
|
Total operating expenses |
(4,429,873) |
(4,566,642) |
(664,190) |
(14,134,451) |
(15,404,916) |
(2,240,552) |
|
Other operating income |
73,791 |
185,732 |
27,014 |
531,055 |
757,062 |
110,110 |
|
Income from operations |
883,912 |
1,003,434 |
145,944 |
2,690,446 |
2,421,113 |
352,137 |
|
(Loss) gain on disposal or revaluation of investments |
0 |
(27,876) |
(4,054) |
55,615 |
191,842 |
27,902 |
|
Impairment loss of investments |
(29,919) |
(20,073) |
(2,919) |
(133,026) |
(20,073) |
(2,919) |
|
Interest expense |
(19,388) |
(38,011) |
(5,528) |
(82,435) |
(159,744) |
(23,234) |
|
Interest income |
27,032 |
70,606 |
10,269 |
101,125 |
242,872 |
35,324 |
|
Foreign exchange (loss) gain |
(16,590) |
(1,931) |
(281) |
(90,872) |
71,065 |
10,336 |
|
Income before income taxes and share of result of equity method investees |
845,047 |
986,149 |
143,431 |
2,540,853 |
2,747,075 |
399,546 |
|
Income tax expenses (4) |
(188,874) |
(231,837) |
(33,719) |
(626,140) |
(566,604) |
(82,409) |
|
Share of result of equity method investees |
3,692 |
(60,320) |
(8,773) |
(22,280) |
(46,999) |
(6,836) |
|
Net income |
659,865 |
693,992 |
100,939 |
1,892,433 |
2,133,472 |
310,301 |
|
Net loss (gain) attributable to noncontrolling interests |
13,335 |
(5,325) |
(775) |
57,222 |
(4,685) |
(681) |
|
Net income attributable to Vipshop's shareholders |
673,200 |
688,667 |
100,164 |
1,949,655 |
2,128,787 |
309,620 |
|
Shares used in calculating earnings per share (5): |
|||||||
Class A and Class B ordinary shares: |
|||||||
--Basic |
118,372,431 |
132,797,122 |
132,797,122 |
117,554,229 |
132,266,157 |
132,266,157 |
|
--Diluted |
126,107,741 |
140,082,697 |
140,082,697 |
125,715,833 |
140,083,610 |
140,083,610 |
|
Net earnings per Class A and Class B share |
|||||||
Net income attributable to Vipshop's shareholders--Basic |
5.69 |
5.19 |
0.75 |
16.59 |
16.09 |
2.34 |
|
Net income attributable to Vipshop's shareholders--Diluted |
5.37 |
5.02 |
0.73 |
15.94 |
15.61 |
2.27 |
|
Net earnings per ADS (1 ordinary share equals to 5 ADSs) |
|||||||
Net income attributable to Vipshop's shareholders--Basic |
1.14 |
1.04 |
0.15 |
3.32 |
3.22 |
0.47 |
|
Net income attributable to Vipshop's shareholders--Diluted |
1.07 |
1.00 |
0.15 |
3.19 |
3.12 |
0.45 |
|
(1) Other revenues primarily consist of revenues from third-party logistics services, product |
(1) Other revenues primarily consist of |
||||||
(2) Fulfillment expenses include shipping and handling expenses, which amounted RMB 1.22 |
(2) Fulfillment expenses include shipping |
||||||
(3) General and administrative expenses include amortization of intangible assets resulting |
(3)General and administrative expenses |
||||||
(4) Income tax expenses include income tax benefits of RMB 21 million and RMB 0.2 million |
(4) Income tax expenses include income |
||||||
(5) Authorized share capital is re-classified and re-designated into Class A ordinary shares and |
(5) Authorized share capital are re- |
||||||
Three Months Ended |
Twelve Months Ended |
||||||
December 31,2017 |
December 31,2018 |
December 31,2018 |
December 31,2017 |
December 31,2018 |
December 31,2018 |
||
RMB'000 |
RMB'000 |
USD'000 |
RMB'000 |
RMB'000 |
USD'000 |
||
Share-based compensation expenses included are as follows |
|||||||
Fulfillment expenses |
18,239 |
11,720 |
1,705 |
73,235 |
73,151 |
10,639 |
|
Marketing expenses |
10,264 |
6,888 |
1,002 |
40,364 |
41,063 |
5,972 |
|
Technology and content expenses |
48,490 |
25,373 |
3,690 |
206,073 |
203,594 |
29,612 |
|
General and administrative expenses |
57,119 |
70,087 |
10,194 |
347,426 |
353,402 |
51,400 |
|
Total |
134,112 |
114,068 |
16,591 |
667,098 |
671,210 |
97,623 |
|
Vipshop Holdings Limited |
|||||||
Unaudited Condensed Consolidated Balance Sheets |
|||||||
(In thousands, except for share and per share data) |
|||||||
December 31,2017 |
December 31,2018 |
December 31,2018 |
|||||
RMB'000 |
RMB'000 |
USD'000 |
|||||
ASSETS |
|||||||
CURRENT ASSETS |
|||||||
Cash and cash equivalents |
9,973,891 |
9,540,556 |
1,387,616 |
||||
Restricted cash |
248,101 |
497,916 |
72,419 |
||||
Short term investments |
245,981 |
2,321,244 |
337,611 |
||||
Accounts receivable, net |
4,803,527 |
5,674,731 |
825,355 |
||||
Amounts due from related parties |
10,191 |
17,475 |
2,542 |
||||
Other receivables and prepayments,net |
3,674,196 |
3,594,736 |
522,833 |
||||
Loan Receivables,net |
0 |
310,873 |
45,215 |
||||
Inventories |
6,960,251 |
5,368,106 |
780,759 |
||||
Total current assets |
25,916,138 |
27,325,637 |
3,974,350 |
||||
NON-CURRENT ASSETS |
|||||||
Property and equipment, net |
6,660,825 |
8,531,483 |
1,240,853 |
||||
Deposits for property and equipment |
307,859 |
176,556 |
25,679 |
||||
Land use rights, net |
3,077,770 |
3,885,578 |
565,134 |
||||
Intangible assets, net |
400,994 |
353,108 |
51,358 |
||||
Investment in equity method investees |
66,334 |
667,427 |
97,073 |
||||
Other investments |
533,922 |
1,470,551 |
213,882 |
||||
Other long-term assets |
366,760 |
396,447 |
57,661 |
||||
Goodwill |
367,106 |
367,106 |
53,393 |
||||
Deferred tax assets |
285,112 |
388,770 |
56,544 |
||||
Total non-current assets |
12,066,682 |
16,237,026 |
2,361,577 |
||||
TOTAL ASSETS |
37,982,820 |
43,562,663 |
6,335,927 |
||||
LIABILTIES AND EQUITY |
|||||||
CURRENT LIABILITIES |
|||||||
Short term loans |
907,310 |
1,343,160 |
195,355 |
||||
Accounts payable |
11,445,109 |
11,630,172 |
1,691,538 |
||||
Advance from customers |
2,339,914 |
1,473,134 |
214,258 |
||||
Accrued expenses and other current liabilities |
3,537,151 |
5,512,605 |
801,775 |
||||
Amounts due to related parties |
65,022 |
323,108 |
46,994 |
||||
Deferred income |
203,179 |
367,512 |
53,452 |
||||
Securitization debt |
760,000 |
969,000 |
140,935 |
||||
Convertible senior notes |
0 |
4,327,268 |
629,375 |
||||
Total current liabilities |
19,257,685 |
25,945,959 |
3,773,682 |
||||
NON-CURRENT LIABILITIES |
|||||||
Deferred tax liability |
17,007 |
4,960 |
721 |
||||
Deferred income-non current |
362,649 |
400,951 |
58,316 |
||||
Convertible senior notes |
4,094,903 |
0 |
0 |
||||
Total non-current liabilities |
4,474,559 |
405,911 |
59,037 |
||||
TOTAL LIABILITIES |
23,732,244 |
26,351,870 |
3,832,719 |
||||
EQUITY: |
|||||||
Class A ordinary shares (US$0.0001 par value, 483,489,642 shares |
74 |
75 |
11 |
||||
Class B ordinary shares (US$0.0001 par value, 16,510,358 shares |
11 |
11 |
2 |
||||
Additional paid-in capital |
8,715,995 |
9,385,216 |
1,365,023 |
||||
Retained earnings |
5,602,681 |
7,907,396 |
1,150,083 |
||||
Accumulated other comprehensive loss |
(24,242) |
(30,883) |
(4,490) |
||||
Noncontrolling interests |
(43,943) |
(51,022) |
(7,421) |
||||
Total shareholders' equity |
14,250,576 |
17,210,793 |
2,503,208 |
||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
37,982,820 |
43,562,663 |
6,335,927 |
||||
Vipshop Holdings Limited |
|||||||
Reconciliations of GAAP and Non-GAAP Results |
|||||||
Three Months Ended |
Twelve Months Ended |
||||||
December 31,2017 |
December 31,2018 |
December 31,2018 |
December 31,2017 |
December 31,2018 |
December 31,2018 |
||
RMB'000 |
RMB'000 |
USD'000 |
RMB'000 |
RMB'000 |
USD'000 |
||
Income from operations |
883,912 |
1,003,434 |
145,944 |
2,690,446 |
2,421,113 |
352,137 |
|
Share-based compensation expenses |
134,112 |
114,068 |
16,591 |
667,098 |
671,210 |
97,623 |
|
Amortization of intangible assets resulting from business acquisitions |
84,161 |
607 |
88 |
339,669 |
45,876 |
6,672 |
|
Non-GAAP income from operations |
1,102,185 |
1,118,109 |
162,623 |
3,697,213 |
3,138,199 |
456,432 |
|
Net income |
659,865 |
693,992 |
100,939 |
1,892,433 |
2,133,472 |
310,301 |
|
Share-based compensation expenses |
134,112 |
114,068 |
16,591 |
667,098 |
671,210 |
97,623 |
|
Impairment loss in investments |
29,919 |
20,073 |
2,919 |
133,026 |
20,073 |
2,919 |
|
Loss (gain) on disposal, revaluation and value changes of investments |
0 |
27,876 |
4,054 |
(55,615) |
(191,842) |
(27,902) |
|
Share of result in investment of limited partnership that is accounted for |
0 |
62,482 |
9,088 |
0 |
52,797 |
7,679 |
|
Tax effect of investment gain |
0 |
0 |
0 |
0 |
9,967 |
1,450 |
|
Amortization of intangible assets resulting from business acquisitions |
84,161 |
613 |
89 |
360,066 |
45,881 |
6,673 |
|
Tax effect of amortization of intangible assets resulting from business |
(21,040) |
(152) |
(22) |
(84,917) |
(11,469) |
(1,668) |
|
Non-GAAP net income |
887,017 |
918,952 |
133,658 |
2,912,091 |
2,730,089 |
397,075 |
|
Net income attributable to Vipshop's shareholders |
673,200 |
688,667 |
100,164 |
1,949,655 |
2,128,787 |
309,620 |
|
Share-based compensation expenses |
134,112 |
114,068 |
16,591 |
667,098 |
671,210 |
97,623 |
|
Impairment loss in investments |
29,919 |
20,073 |
2,919 |
133,026 |
20,073 |
2,919 |
|
Loss (gain) on disposal, revaluation and value changes of investments |
0 |
27,876 |
4,054 |
(55,615) |
(191,842) |
(27,902) |
|
Share of result in investment of limited partnership that is accounted for |
0 |
62,482 |
9,088 |
0 |
52,797 |
7,679 |
|
Tax effect of investment gain |
0 |
0 |
0 |
0 |
9,967 |
1,450 |
|
Amortization of intangible assets resulting from business acquisitions |
67,857 |
603 |
88 |
294,261 |
37,371 |
5,435 |
|
Tax effect of amortization of intangible assets resulting from business |
(16,965) |
(149) |
(22) |
(68,468) |
(9,341) |
(1,359) |
|
Non-GAAP net income attributable to Vipshop's shareholders |
888,123 |
913,620 |
132,882 |
2,919,957 |
2,719,022 |
395,465 |
|
Shares used in calculating earnings per share: |
|||||||
Basic ordinary shares: |
|||||||
Class A and Class B ordinary shares: |
|||||||
--Basic |
118,372,431 |
132,797,122 |
132,797,122 |
117,554,229 |
132,266,157 |
132,266,157 |
|
--Diluted |
126,107,741 |
140,082,697 |
140,082,697 |
125,715,833 |
140,083,610 |
140,083,610 |
|
Non-GAAP net income per Class A and Class B share |
|||||||
Non-GAAP net income attributable to Vipshop's shareholders--Basic |
7.50 |
6.88 |
1.00 |
24.84 |
20.56 |
2.99 |
|
Non-GAAP net income attributable to Vipshop's shareholders--Diluted |
7.07 |
6.63 |
0.96 |
23.66 |
19.82 |
2.88 |
|
Non-GAAP net income per ADS (1 ordinary share equal to 5 ADSs) |
|||||||
Non-GAAP net income attributable to Vipshop's shareholders--Basic |
1.50 |
1.38 |
0.20 |
4.97 |
4.11 |
0.60 |
|
Non-GAAP net income attributable to Vipshop's shareholders--Diluted |
1.41 |
1.33 |
0.19 |
4.73 |
3.96 |
0.58 |
View original content:http://www.prnewswire.com/news-releases/vipshop-reports-unaudited-fourth-quarter-and-full-year-2018-financial-results-300798856.html
SOURCE
Jessie Fan, +86 (20) 2233-0732, IR@vipshop.com