Vipshop's net revenue in the first quarter was 27.5 billion yuan, a year-on-year increase of 9%, and its net profit was 2.1 billion yuan
On May 23rd, Vipshop released its first quarter financial report for 2023. According to the financial report, Vipshop achieved a net revenue of 27
On May 23rd, Vipshop released its first quarter financial report for 2023. According to the financial report, Vipshop achieved a net revenue of 27.5 billion yuan (RMB, the same below) in the first quarter, a year-on-year increase of 9.1%, higher than market expectations; Non GAAP's net profit was 2.1 billion yuan, a year-on-year increase of 45.8%. Meanwhile, the GMV in the first quarter was 48.5 billion yuan, a year-on-year increase of 14.0%; The number of active users was 43.8 million, a year-on-year increase of 4.0%. The company's performance has grown steadily, with a significant increase in user activity.
According to the financial report, based on confidence in the company's future sustainable development prospects, Vipshop announced the expansion of the stock repurchase plan after releasing a new one in March this year, expanding the scale of the stock repurchase plan from $500 million to $1 billion, and the repurchase will continue until the end of March 2025.
Shen Ya, Chairman and CEO of Vipshop, said, "Our business has achieved a stable start in 2023. In the first quarter, we focused on creating a differentiated shopping experience and seizing the growth opportunities brought by the consumer recovery. At the same time, we are comprehensively strengthening users' awareness of the high cost-effectiveness of products on the platform, making them think of Vipshop when they want to buy high-quality brands
Tag: net was billion yuan Vipshop revenue in the first
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.
