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3q20’s revenue reached 221.084 billion yuan, up 37% year on year From Alibaba

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The following is the 3q20’s revenue reached 221.084 billion yuan, up 37% year on year From Alibaba recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Electronic Commerce, mobile electronic commerce.

On February 2, 2021, Alibaba group released its unaudited financial report for the third quarter ending December 31, 2020 before trading on Tuesday. According to the financial report, Alibaba Group’s revenue in the third quarter was 221.084 billion yuan (about 33.883 billion US dollars), a year-on-year increase of 37%; the net profit not measured in accordance with us general accounting standards was 59.207 billion yuan (about 9.074 billion US dollars), a year-on-year increase of 27%.

Third quarter performance highlights

——Revenue was 221.084 billion yuan (US $33.883 billion), up 37% year on year. Among them, the revenue from core e-commerce increased by 38% year-on-year to 195.541 billion yuan (about 29.968 billion US dollars); the revenue from cloud computing business increased by 50% year-on-year to 16.115 billion yuan (about 2.470 billion US dollars); the revenue from digital media and entertainment business increased by 1% year-on-year to 8.079 billion yuan (about 1.238 billion US dollars); the revenue from innovation projects increased by 1% And other business revenue increased 9% year-on-year to 1.349 billion yuan (about 207 million US dollars).

——The annual number of active consumers in China’s retail market reached 779 million, up 22 million from 757 million as of September 30, 2020.

——In December 2020, the number of mobile active users in China’s retail market in a single month reached 902 million, an increase of 21 million over September 2020.

——The operating profit was 49.002 billion yuan (about 7.510 billion US dollars), up 24% year on year. Adjusted earnings before tax, interest, depreciation and amortization (EBITDA) was 68.380 billion yuan (about 10.480 billion US dollars), up 22% year on year.

——The net profit attributable to common shareholders of Alibaba group was 79.427 billion yuan (about 12.173 billion US dollars), up 52% year-on-year; the net profit was 77.977 billion yuan (about 119.50 US dollars), up 56% year-on-year. Excluding one-time income and other items, the net profit not measured in accordance with us gaap was 59.207 billion yuan (about US $9.074 billion), an increase of 27% over the same period last year.

——The diluted profit of each ADR was 28.85 yuan (about US $4.42); the diluted profit of each ADR not measured in accordance with us gaap was 22.03 yuan (about US $3.38), up 21% year on year.

——Net cash provided by operating activities was 103.208 billion yuan (about 15.817 billion US dollars), compared with 96.505 billion yuan in the same period of last year; free cash flow not measured in accordance with us gaap was 96.210 billion yuan (about 14.745 billion US dollars), compared with 78.279 billion yuan in the same period of last year.

Executive review

Zhang Yong, chairman and CEO of Alibaba group, said: “China was the only major economy with positive GDP growth last year. Due to the rapid recovery of China’s economy, Alibaba Group has ushered in a very healthy quarter. We responded to the impact of the pandemic by stimulating consumption, meeting consumer demand and supporting businesses to resume business. We also successfully held a “double 11” global shopping festival. Our cloud computing business continues to expand its market leadership and shows strong growth, reflecting the huge potential of China’s Xinxing cloud computing market and our investment in technology over the years. Looking forward to the future, we are confident that we will continue to create value for our customers, lead innovation and contribute to the society. “

Wu Wei, chief financial officer of Alibaba group, said: “we achieved another robust quarter, with revenue up 37% year-on-year and adjusted EBITDA up 22% year-on-year. Strong free cash flow enables us to further invest in strategic areas. We are very glad that Alibaba cloud’s adjusted EBITA has become a regular, and rookie network’s operating cash flow is positive. These developments reflect our long-term approach from start-up to profitable organic incubation and business expansion. “

Financial analysis of the third quarter

revenue

Alibaba Group’s revenue in the third quarter was 221.084 billion yuan (US $33.883 billion), up 37% from 161.456 billion yuan in the same period last year. The revenue growth was mainly due to the strong revenue growth of China’s e-commerce retail business and Alibaba cloud.

Core e-commerce business

In the third quarter, revenue from China’s e-commerce retail business was 153.679 billion yuan (about US $23.552 billion), up 39% from 110.458 billion yuan in the same period of the previous fiscal year. Among them, the revenue of customer management business was 101.919 billion yuan (about 15.620 billion US dollars), a year-on-year increase of 20%; other revenue was 51.760 billion yuan (about 7.932 billion US dollars), a year-on-year increase of 101%.

In the 12 months to December 31, 2020, the annual number of active consumers in China’s retail market reached 779 million, an increase of 22 million compared with 755 million as of September 30, 2020.

In December 2020, the number of mobile active users in China’s retail market in a single month reached 902 million, an increase of 21 million over September 2020.

In the third quarter, the revenue from China’s e-commerce wholesale business was 3.831 billion yuan (about 587 million US dollars), up 14% from 3.365 billion yuan in the same period last year.

In the third quarter, revenue from international e-commerce retail business was 10.158 billion yuan (about US $1.557 billion), up 37% from 7.396 billion yuan in the same period of last year.

In the third quarter, the revenue from international e-commerce wholesale business was 3.762 billion yuan (about 577 million US dollars), up 53% from 2.457 billion yuan in the same period of last year.

In the third quarter, revenue from rookie business was 11.36 billion yuan (about $1.741 billion), up 51% from 7.518 billion yuan in the same period last year.

In the third quarter, revenue from local consumer services was 8.348 billion yuan (about $1.279 billion), up 10% from 7.584 billion yuan in the same period last year.

In the third quarter, revenue from cloud computing business was 16.115 billion yuan (about 2.470 billion US dollars), up 50% from 10.721 billion yuan in the same period of last year.

In the third quarter, revenue from the digital media and entertainment business was 8.079 billion yuan (US $1.238 billion), up 1% from 8.028 billion yuan in the same period last year.

In the third quarter, revenue from innovation programs and other businesses was 1.349 billion yuan (about 207 million US dollars), up 9% from 1.232 billion yuan in the same period last year.

Costs and expenses

In the third quarter, the revenue cost and expenditure were 172.082 billion yuan (about 26.373 billion US dollars), accounting for 78% of the revenue; in the same period of last year, the revenue cost was 121.896 billion yuan, accounting for 75% of the revenue.

In the third quarter, the revenue cost was 121.268 billion yuan (about 18.585 billion US dollars), accounting for 55% of the revenue; in the same period last year, the revenue cost was 84.332 billion yuan, accounting for 52% of the revenue. Excluding the impact of equity incentive expenditure, the proportion of revenue cost in revenue was 54%, compared with 51% in the same period of last year.

In the third quarter, the product R & D expenditure was 13.607 billion yuan (about 2.086 billion US dollars), accounting for 6% of the revenue; in the same period of last year, the product R & D expenditure was 11.077 billion yuan, accounting for 7% of the revenue. Excluding the impact of equity incentive expenditure, product R & D expenditure accounted for 4% of revenue, compared with 5% in the same period last year.

In the third quarter, sales and marketing expenses were 25.343 billion yuan (about 3.884 billion US dollars), accounting for 11% of revenue; in the same period last year, sales and marketing expenses were 15.800 billion yuan, accounting for 9% of revenue. Excluding the impact of equity incentive expenses, sales and marketing expenses accounted for 11% of revenue, compared with 9% in the same period last year.

In the third quarter, general and administrative expenses were RMB 8.692 billion (about US $1.332 billion), accounting for 4% of revenue; in the same period of last fiscal year, general and administrative expenses were RMB 7.415 billion, accounting for 5% of revenue. Excluding the impact of equity incentive expenses, general and administrative expenses accounted for 3% of revenue, compared with 4% in the same period last year.

In the third quarter, equity incentive expenditure was 9.079 billion yuan (about 1.391 billion US dollars), compared with 7.830 billion yuan in the same period last year. Equity incentive expenses accounted for 4% of revenue, up from 4% in the same period last year.

In the third quarter, the amortization expense of intangible assets was 3.172 billion yuan (about 486 million US dollars), compared with 3.272 billion yuan in the same period of last year.

Operating profit

Operating profit was 49.002 billion yuan (about 7.510 billion US dollars), up 24% from 39.560 billion yuan in the same period of last year. Adjusted earnings before tax, interest, depreciation and amortization (EBITDA) was 68.380 billion yuan (about 10.480 billion US dollars), up 22% from 55.880 billion yuan in the same period of last year.

Net profit

The net profit attributable to common shareholders of Alibaba group was 79.427 billion yuan (about 12.173 billion US dollars), up 52% year-on-year; the net profit was 77.977 billion yuan (about 119.50 US dollars), up 56% year-on-year. Excluding one-time income and other items, the net profit not measured in accordance with us gaap was 59.207 billion yuan (about US $9.074 billion), an increase of 27% over the same period last year.

The diluted profit of each ADR was 28.85 yuan (about US $4.42); the diluted profit of each ADR not measured in accordance with us gaap was 22.03 yuan (about US $3.38), up 21% year on year.

Diluted profit per share was RMB 3.61 (about US $0.55 or HK $4.29), an increase of 48% compared with RMB 2.44 in the same period of last year; diluted profit per share not measured in accordance with us gaap was RMB 2.75 (about US $0.42 or HK $3.27), an increase of 21% compared with RMB 2.27 in the same period of last year.

Balance sheet

As of December 31, 2020, the total amount of cash, cash equivalents and short-term investment held by Alibaba group was RMB 456.314 billion (about US $69.933 billion), higher than that of RMB 405.912 billion as of September 30, 2020. The month on month growth of Alibaba Group’s total cash holdings, cash equivalents and short-term investments was mainly due to the free cash flow of RMB 96.210 billion generated by operating activities, which was offset by the cash used for investment and acquisition of RMB 46.852 billion (about US $7.180 billion).

Number of employees

As of December 31, 2020, Alibaba Group has 252084 employees and 122399 as of September 30, 2020. Alibaba Group’s total number of employees surged on a month on month basis, mainly due to the integration of employees from Gaoxin retail.

Alibaba: 2q21 revenue 155.06 billion yuan, up 30% year on year Amazon: 2q20 net profit 5.2 billion US dollars, up 100% year on year pinduo: 2q20 revenue 12.193 billion yuan, up 67% year on year Alibaba: 4q20 revenue 114.31 billion yuan 22% Qu year on year estMobile:2020 Report on the new consumption trend of women: female users become the main force of e-commerce. Which move is more effective in live broadcast, social networking and grass planting? The first strategy of this year is to ensure the safety of employees and customers. The orders in the second and third quarters of the year are too large to “overdraw” all the warehouses. Alibaba: 1q21’s revenue is 153.75 billion yuan, a year-on-year increase of 34%. JD: 3q20’s net revenue is 174.2 billion yuan Nearly half of the post-90s use mobile phones to buy online, with a year-on-year growth of 29.2%. Airy: online shopping Carnival in mid-618.alibaba: 4q20 financial report teleconference record still has the potential of user growth in the low-end market. Pinduoduo’s strategy of Encircling Cities in rural areas captures which sinking users Jingdong: 3q20 financial report teleconference record 80% of new users come from low line cities The proportion of marketing expenditure is declining

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