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Vipshop earnings easily beat estimates with its stock soaring 27%
On March 5, Beijing time, the discount retail e-commerce company Vipshop disclosed its 2019 Q4 and the unaudited financial report for the whole year.
Judging from various key data, Vipshop will continue its solid performance this quarter.
Its Q4 net revenue reaches 29.3 billion yuan, an increase of 12.4% year on year, which exceeds market expectations. User data has also increased steadily. The number of active users in the fourth quarter reaches 38.6 million, an increase of 19% over the same period in 2018. The number of active users for the full year of 2019 increases by 14% year on year, from 60.5 million in 2018 to 69 million in 2019.
Profitability performance is particularly dazzling. Under non-GAAP, the net profit attributable to shareholders of Vipshop in the fourth quarter is 1.9 billion yuan, an increase of 111.4% year on year. At the same time, Vipshop has achieved 29 consecutive quarters of profit, and the net profit attributable to shareholders in 2019 is 5 billion yuan (non-GAAP), an increase of 84.4% over 2018.