Brief Description Of Vip.Com'S Third Quarter Unaudited Financial Report Details

According to the world clothing shoes and hats net,

(NYSE:VIPS) today released the unaudited financial results for the third quarter of 2017 fiscal year ending September 30th.

The report shows that vip.com's total net revenue in the third quarter was 15 billion 300 million yuan (US $2 billion 300 million), an increase of 27.6% over the corresponding period of 12 billion yuan last year, and the net profit attributable to vip.com shareholders was RMB 338 million 100 thousand yuan (about 50 million 800 thousand US dollars), a decrease of 1% over the same period last year.

According to the data collected by YAHOO financial, 14 analysts in Wall Street expect that the average earnings per share of vip.com in the third quarter will be $0.14, not calculated by US general accounting standards (non-GAAP).

According to the results of the financial report, vip.com's diluted earnings per American depositary receipts in the third quarter of the 0.91 quarter were 0.91 yuan ($0.14), which was in line with analysts' expectations.

In addition, 14 analysts in Wall Street expect vip.com to earn $2 billion 290 million in the third quarter on average.

The total net revenue of vip.com in the third quarter was 15 billion 300 million yuan (US $2 billion 300 million), slightly exceeding analysts' expectations, according to the results.

Main achievements:

Vip.com's total net revenue in the third quarter was 15 billion 300 million yuan (US $2 billion 300 million), up 27.6% from 12 billion yuan in the same period last year.

- in the past 12 months as of September 30, 2017, the number of active users of vip.com increased by 22% over the same period last year, from 49 million 600 thousand in the same period last year to 60 million 500 thousand.

- vip.com's total orders in the third quarter increased by 23% to 74 million copies compared with 60 million 100 thousand in the same period last year.

Vip.com's gross profit in the third quarter was 3 billion 500 million yuan (US $526 million), up 19.4% from 2 billion 900 million yuan in the same period last year.

- the net profit attributable to vip.com shareholders in the third quarter was 338 million 100 thousand yuan (US $50 million 800 thousand), down 1% from 342 million 900 thousand yuan in the same period last year.

- the net profit of vip.com in the third quarter was 559 million 800 thousand yuan (about 84 million 100 thousand US dollars) compared with the United States general accounting standards (excluding general equity accounting, excluding the loss of equity awards, the impairment of investment losses, the amortization expense of intangible assets derived from business acquisition pactions and the investment in equity law), compared with 595 million 500 thousand yuan in the same period last year.

Financial analysis:

revenue

Vip.com's total net revenue in the third quarter was 15 billion 300 million yuan (US $2 billion 300 million), an increase of 27.6% over the same period last year of 12 billion yuan, mainly due to the total number of active users and average revenue per user growth.

The number of active users in vip.com in the third quarter was 23 million 800 thousand, an increase of 15% over 20 million 800 thousand in the same period last year.

The total number of orders for vip.com in the third quarter was 74 million, up 23% from 60 million 100 thousand in the same period last year.

Gross profit

Vip.com's gross profit in the third quarter was 3 billion 500 million yuan (US $526 million), up 19.4% from 2 billion 900 million yuan in the same period last year.

Vip.com's gross profit margin in the third quarter was 22.9%, compared to 24.4% in the same period last year. This decline was mainly due to the company's investment in promotional activities.

Share, but because the company has reduced expenditure in the overall marketing activities, it has been balanced.

Operating expenditure

Vip.com's total operating expenditure in the third quarter was 3 billion 200 million yuan (US $474 million 100 thousand), compared to 2 billion 500 million yuan in the same period last year.

Vip.com's total operating expenses in the third quarter accounted for 20.6% of net revenue, compared with 21.2% in the same period last year.

Vip.com's performance expenditure in the third quarter was 1 billion 700 million yuan (US $251 million 600 thousand), compared to 1 billion yuan in the same period last year.

The growth of vip.com's performance expenditure mainly reflects the growth of sales volume and the number of orders fulfilled.

Vip.com accounted for 10.9% of its net revenue in the third quarter, compared with 8.5% in the same period last year.

The increase in the proportion of vip.com's performance in net revenue is mainly due to the expansion of the company to support the growth of the "last kilometer" business outside the vip.com platform.

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Vip.com's marketing expenditure in the third quarter was 478 million 400 thousand yuan (US $71 million 900 thousand), compared to 641 million 500 thousand yuan in the same period last year.

Vip.com accounted for 3.1% of its net revenue in the third quarter, down from 5.3% in the same period last year.

Vip.com's technology and content expenditures in the third quarter amounted to 455 million yuan (US $68 million 400 thousand), compared to 374 million 500 thousand yuan in the same period last year. This change mainly reflects the company's continuing efforts to invest in human capital, advanced technology and Internet banking business.

Vip.com's technology and content expenditures accounted for 3% of net revenue in the third quarter, down from 3.1% in the same period last year.

Vip.com's total business and administrative expenses in the third quarter were 546 million 600 thousand yuan (about 82 million 200 thousand US dollars), compared to 500 million 600 thousand yuan in the same period last year.

Vip.com's administrative and general expenses accounted for 3.6% of net revenue, compared to 4.2% in the same period last year. This decline was mainly due to the expansion of company size and efficiency.

Operating profit

Vip.com's operating profit in the third quarter was 448 million 200 thousand yuan (US $67 million 400 thousand), compared to 528 million 800 thousand yuan in the same period last year.

Vip.com's operating profit margin in the third quarter was 2.9%, compared with 4.4% in the same period last year.

In the third quarter, the operating profit of vip.com was 703 million 200 thousand yuan (about 105 million 700 thousand US dollars), compared with 732 million yuan in the same period last year.

In the third quarter, the operating profit margin of vip.com was 4.6%, compared with 6.1% in the same period last year.

Net profit

The net profit attributable to vip.com shareholders in the third quarter was 338 million 100 thousand yuan (US $50 million 800 thousand), down 1% from 342 million 900 thousand yuan in the same period last year.

The net profit margin attributable to vip.com shareholders in the third quarter was 2.2%, compared to 2.9% in the same period last year. This change was mainly due to the decline in gross margin and the investment in logistics business outside vip.com platform, which led to the growth of the performance cost.

Vip.com's diluted earnings per US depository receipts in the third quarter were 0.56 yuan (US $0.08), compared to 0.58 yuan in the same period last year.

The third quarter net profit of vip.com was 559 million 800 thousand yuan (about 84 million 100 thousand US dollars) compared with the United States general accounting standards (excluding general equity accounting, excluding the loss of equity awards, the impairment of investment losses, the amortization of intangible assets derived from business acquisitions and the investment in equity law), compared with 595 million 500 thousand yuan in the same period last year.

The third quarter net profit margin of vip.com was 3.7%, compared with 5% in the same period last year.

In accordance with GAAP (excluding accounting for equity awards, loss of investment impairment, amortization of intangible assets from business acquisition pactions and investment in equity law), the diluted earnings per share of American Depository Receipts belonging to common shareholders in the third quarter of the 0.91 quarter were RMB 0.91 yuan (about 0.14 US dollars), compared to 1 yuan in the same period last year.

In the quarter ended September 30, 2017, the average weighted amount of us depositary receipts used by vip.com for calculating diluted losses was 627678468 shares.

Balance sheet and cash flow

As of September 30, 2017, the cash and cash equivalents and restrictive cash amounted to 3 billion 700 million yuan (US $556 million 600 thousand), and the value of securities held to maturity was 230 million 300 thousand yuan (US $34 million 600 thousand).

In the third quarter, vip.com's net cash used for business operations was RMB 400 million yuan.

Performance outlook

Vip.com expects net revenue of 22 billion 800 million yuan to RMB 23 billion 800 million yuan in the fourth quarter of fiscal year 2017, an increase of about 20% to 25% over the same period last year.

This expectation reflects the current and initial views of vip.com on the market and operation and may change in the future.

Note: the exchange rate of RMB against the US dollar in this financial report is 6.6533:1.

After the release of the earnings report, vip.com will hold a conference call at 8:00 a.m. Eastern time on November 21st (21:00 PM Beijing time November 21st). The company's management will attend the meeting to discuss the financial performance and operational performance of the company.

To listen to vip.com's teleconference, American investors can call +1-845-675-0438, international investors can call toll free +1-855-500-8701, mainland Chinese investors can make a call 400-1200654, Hongkong investors can call +852-3018-6776, password is "3299529".

Before the eastern time of November 29th, American investors can make a call to +1-855-452-5696. International investors can dial +61 29003 4211 to listen to vip.com's teleconference. The password is "#3299529".

In addition, investors can also log on to vip.com's investor relations channel and listen to the live broadcast and recording of the conference call.

Stock price fluctuation:

On the same day, vip.com shares fell $0.53 in the NASDAQ regular trading, closing at $9.25, or 5.42%.

In the aftermarket trading that ended at 16:32 p. m. Eastern time (5:32 Beijing time 21), vip.com shares rose 0.25 US dollars to 9.50 US dollars, or 2.70%.

In the past 52 weeks, vip.com's highest price was $15.49 and the lowest price was $7.79.

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