Vip.Com's First Quarter Net Revenue Rose 31.1%

According to the world clothing shoes and hats net, in May 16th,

The unaudited first quarter financial report as of March 31, 2017 has been released.

Earnings report showed that vip.com continued to maintain steady growth and sustained profit for 18 consecutive quarters.

The report shows that vip.com's net revenue in the first quarter was 15 billion 950 million yuan, up 31.1% from the same period last year.

The number of active users was 26 million, an increase of 32% over the same period.

Total orders 72 million 100 thousand, an increase of 23% over the same period.

Vip.com's gross profit in the first quarter was 3 billion 690 million yuan, an increase of 25% over the same period last year.

The net profit attributable to vip.com shareholders in the first quarter was 551 million 900 thousand yuan, an increase of 16.3% over the same period last year.

According to non US general accounting standards (Non-GAAP), the net profit attributable to vip.com shareholders was 799 million 400 thousand yuan, up 28.2% over the same period last year.

In the calculation of non US general accounting standards (non-GAAP), vip.com's earnings per share will reach $0.18 in the first quarter.

During the reporting period, there were two warehouses in Guiyang and Kunming. Up to now, vip.com's storage area has reached 2 million 100 thousand square meters, and automation system has been introduced to reduce costs and improve logistics efficiency.

In terms of logistics operations, 93% of orders in the first quarter were delivered by self logistics, which was 83% in the same period last year. The proportion of direct return from terminal distribution personnel increased from 30% in the same period last year to 67%.

In the second quarter of 2017, vip.com's net revenue will reach 17 billion yuan to 17 billion 500 million yuan.

According to the report of China's online retail B2C market released in May 12th in the first quarter of 2017 released by the think-tank, vip.com continued to remain in the third place in the industry, and vip.com entered the top three in related reports for 7 consecutive quarters.

At the same time, vip.com announced the separation of Internet financial business and restructuring logistics business to create a new growth engine.

This means that vip.com will create a strategic matrix consisting of three major sections, namely, electricity supplier, finance and logistics.

Shenyang, chairman and chief executive of vip.com, said: "vip.com successfully started in the first quarter of 2017, and its operating performance continued to improve.

Based on vip.com's focus on expanding user base and further occupying sales

The number of active users in vip.com in the first quarter of March 31st has increased by 38% over the past year, exceeding 55 million 500 thousand.

Vip.com continues to promote user strategy and enhance user experience through enhancing its operational capability.

These include the introduction of a series of new international brands, upgrading of customized services, and diversification of goods and products.

Continuous efforts in selection.

The healthy development of vip.com has also been recognized by third world-renowned research institutions such as BrandZ, which provides a strong endorsement for vip.com's brand value enhancement.

Yang Donghao, chief financial officer of vip.com, said: "we are pleased to achieve strong sales growth in the first quarter of 2017, while maintaining the stability of profit margins and the continued sufficiency of free cash flow.

More importantly, we formally announce that vip.com will embark on the restructuring of Internet financial services and logistics business.

This will achieve a significant increase in vip.com cash flow and a sustained increase in earnings, so that we can further focus on core business.

We are confident that vip.com will continue to expand its core market share, maintain its sustainable development capability and continue to lead China's special sale of the electricity supplier industry.

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