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Alibaba net profit in the second quarter of 23 billion 453 million yuan, an increase of 6.18% over the same period

via:博客园     time:2018/11/2 20:47:52     readed:123

On the evening of November 2, Beijing time, Alibaba today released its second quarter financial report for the fiscal year up to September 30, 2018 (Note: Alibaba's fiscal year does not synchronize with the natural year, starting on April 1 every year and ending on March 31 of the second year).

In the second quarter, Alibaba's revenue was 85.148 billion yuan ($12.398 billion), an increase of 54% over the previous year. Net profit was 18 billion 241 million yuan (US $2 billion 660 million), an increase of 5% over the same period last year. The net profit was 23.453 billion yuan ($3.415 billion), an increase of 6.18% compared with 22.89 billion yuan in the same period last year.

Among them, core e-commerce revenue was 72.475 billion yuan, an increase of 56%, cloud computing revenue was 5.667 billion yuan, an increase of 90%. Group revenue has maintained a rapid growth of more than 50% in 7 consecutive quarters.

On average, 25 Wall Street analysts forecast Alibaba's diluted earnings per share for the quarter of $1.06, excluding non-GAAP calculations; earnings showed that Alibaba's diluted earnings per share for the second quarter were 7.62 yuan ($1.11), higher than analysts'expectations.

On average, 27 Wall Street analysts expected Alibaba's revenue to be $12.49 billion in the current quarter; earnings showed Alibaba's total net revenue of $12.389 billion in the second quarter, which was lower than analysts'expectations.

Alibaba Group Chief Executive Officer Zhang Yong said:

Wu Wei, chief financial officer of Alibaba Group, said that

Second summary of quarterly results:

Revenue was 85 billion 148 million yuan (US $12 billion 398 million), an increase of 54% over the same period last year.

The core e-commerce revenue was 72.475 billion yuan ($10.553 billion), up 56% year on year.

Revenue from cloud computing business was 5 billion 667 million yuan (US $825 million), an increase of 90% over the same period last year.

Revenue from digital media and entertainment was 5.940 billion yuan ($865 million), up 24% year on year.

Innovation strategy and other revenue were 1.066 billion yuan ($155 million), up 20% year on year.

China's retail market MAU (monthly active users) is 601 million, an increase of 25 million compared with the previous year.

China's retail market mobile MAU (active monthly users) reached 666 million in September 2018, an increase of 32 million compared with June this year.

Operating profit was RMB 13.501 billion ($1.966 billion), down 19% from the same period last year. It was mainly affected by the integration of starving Mohe rookie network, investment in digital media and entertainment, and the increase of equity incentive expenditure.

Net profit attributable to common shareholders was 20.333 billion yuan ($2.917 billion), an increase of 13% over the previous year. Net profit was 18 billion 241 million yuan (US $2 billion 660 million), an increase of 5% over the same period last year.

The net profit was 23.453 billion yuan (about 3.415 billion US dollars) without accounting standards.

The diluted earnings per share are RMB 7.62 yuan (about US$1.11); and RMB 9.60 yuan (about US$1.40) per diluted earnings per share, excluding the US General Accounting Standards.

Net cash generated by operating activities is RMB 31.407 billion yuan ($4.573 billion); free cash flow is RMB 16.633 billion yuan ($2.334 billion) based on non-US general accounting standards.

Second quarter performance analysis:

Revenue was 85.148 billion yuan ($12.398 billion), up 54% from 55.122 billion yuan in the same period last year.

Revenue from China's retail business was 54.151 billion yuan ($7.885 billion), up 37% from 39.557 billion yuan in the same period last year.

Revenue from China's commercial wholesale business was 2.497 billion yuan ($364 million), up 46% from 1.714 billion yuan in the same period last year.

Revenue from international retail business was 4.464 billion yuan ($650 million), up 55% from 2.878 billion yuan in the same period last year.

Revenue from international commercial wholesale business was RMB 2.022 billion yuan ($294 million), up 22% from RMB 1.651 billion yuan in the same period last year.

Revenue from rookie logistics services was 3.206 billion yuan ($467 million), and revenue from consumer services was 5.521 billion yuan ($731 million).

Revenue from cloud computing business was 5 billion 667 million yuan (US $825 million), an increase of 90% over the same period last year. Revenue from digital media and entertainment was 5.945 billion yuan ($865 million), up 24% year on year. Innovation strategy and other revenue were 1.066 billion yuan ($155 million), up 20% year on year.

The cost of the revenue is RMB 46 billion 786 million yuan (US $6 billion 812 million), accounting for 55% of our revenue. In the same period last year, the revenue cost was 22 billion 2 million yuan, accounting for 40% of revenue.

The expenditure on product development is RMB 8 billion 365 million yuan (US $1 billion 218 million), accounting for 104% of revenue. In the same period last year, product development expenditure was 5 billion 83 million yuan, accounting for 9% of revenue.

Sales and marketing expenses amounted to 9 billion 106 million yuan (US $1 billion 326 million), accounting for 10% of revenue. In the same period last year, sales and marketing expenses amounted to 6 billion 266 million yuan, accounting for 11% of revenue.

General and administrative expenses amounted to 4 billion 779 million yuan (US $696 million), accounting for 6% of revenue. In the same period last year, product development expenditure was 3 billion 439 million yuan, accounting for 6% of revenue.

Equity incentive spending was 7.043 billion yuan ($1.025 billion), up 50% from 4.686 billion yuan in the same period last year. Equity incentive spending accounts for 8% of revenue.

The amortization of intangible assets amounted to RMB 2.611 billion yuan ($380 million), an increase of 49% compared with RMB 1.748 billion yuan in the same period last year.

Operating profit was RMB 13.501 billion (about US$1.966 billion), accounting for 16% of revenue, down 19% from the previous year. It was mainly affected by the integration of starving Mohe rookie network, investment in digital media and entertainment, and the increase of equity incentive expenditure.

Based on non-U.S. general accounting standards, EBITDA (profit before interest, tax depreciation and amortization) was 226.710 billion yuan ($3.889 billion), compared with 25.531 billion yuan in the same period last year. The EBITDA profit margin was 31%, compared with 45% in the same period last year.

Interest and investment income are RMB 6 billion 635 million yuan (US $966 million).

Other losses were RMB 1.532 billion yuan ($223 million), compared with RMB 1.737 billion yuan in profit in the same period last year. It was mainly affected by the net loss of ants.

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