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Alibaba’s net profit in the third quarter of 2020 was 59.207 billion yuan, up 27% year on year

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The following is the Alibaba’s net profit in the third quarter of 2020 was 59.207 billion yuan, up 27% year on year recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Electronic Commerce, Industry information.

Beijing time on February 2 evening news, Alibaba( NYSE:BABA )Today, Alibaba released its financial report for the third quarter of the 2021 fiscal year ending on December 31, 2020 (Note: Alibaba’s fiscal year is not synchronized with the natural year, starting from April 1 of each year and ending on March 31 of the next year), with revenue of 221.084 billion yuan (about us $33.883 billion), a year-on-year increase of 37%. Net profit attributable to common shareholders was 79.427 billion yuan (US $12.173 billion), compared with 77.977 billion yuan (US $11.95 billion) in the same period last year. The net profit was 59.207 billion yuan (about 9.074 billion US dollars), a year-on-year increase of 27%.

Performance summary

For the quarter ended December 31, 2020:

Revenue was 2210.84 million yuan (338.83 billion US dollars), an annual increase of 37%.

The number of annual active consumers in China’s retail market will stop at 779 million during the 12-month period ending December 31, 2020, which is higher than that before

22 million for the 12-month period ending September 30, 2020.

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

Operating profit was 49.002 billion yuan (US $7.510 billion), an annual increase of 24%. Adjusted EBITDA, a non GAAP financial indicator, grew 22% a year to 683.80 trillion yuan (US $10.480 billion). After adjustment, EBITA (a non GAAP financial indicator) increased by 21% to RMB 61.253 billion (US $9.387 billion).

The net profit attributable to common shareholders was 79.427 billion US dollars (12.173 billion US dollars), and the net profit was 77.977 billion US dollars (11.95 billion US dollars). Non GAAP net profit was 59.207 billion US dollars (9.074 billion US dollars), an increase of 27%.

The diluted income of ADSS was 28.85 yuan (US $4.42), while the non GAAP diluted income of ADSS was 22.03 yuan (US $3.38), an annual increase of 21%. Diluted income was RMB 3.61 (US $0.55 or US $4.29), while non GAAP diluted income was RMB 2.75 (US $0.42 or US $3.27), an annual growth of 21%.

The net cash flow from operating activities was RMB 103.208 billion (US $15.817 billion), which was not in accordance with generally accepted accounting standards

Free cash flow was RMB 96.210 billion (US $14.745 billion).

According to the financial report, as of December 31, 2020, the number of mobile active users in China’s retail market reached 902 million per month, and the number of active consumers reached 779 million per year, with a net increase of 22 million per quarter.

The user base continued to expand, with 902 million mobile active users in China’s retail market each month and 779 million annual active consumers, with a net increase of 22 million in a single quarter, reaching a new high in the past eight quarters.

As of December 31, 2020, the annual active consumers of Taobao special edition exceed 100 million; in December 2020, the monthly active users of Taobao special edition exceed 100 million.

During the quarter, the cloud computing business was adjusted to become a regular business for the first time through EBITA, and rookie network also achieved a positive cash flow from operation; the globalization performance was brilliant, and lazada’s order volume maintained a three digit growth.

Zhang Yong, chairman and CEO of Alibaba group, said: “China is the only major economy in the world to achieve positive economic growth in 2020. Thanks to the rapid recovery of China’s economy, Alibaba once again ushered in a very healthy quarter. “

Zhang Yong, chairman of Alibaba board of directors: digital application and change is the trend of the times Multi engine driven solid growth data diagram: Ma Yun’s strategic vision seen from Alibaba’s latest financial report Alibaba’s financial report: Alibaba’s revenue in the first quarter of fiscal year 2017 was US $4.838 billion, with a year-on-year growth of 59%, ending six consecutive quarters of profit decline. Has focus media come out of the trough? Data interpretation Alibaba financial report: earn more advertising expenses to subsidize new businesses such as Alibaba cloud and Youku Zhang Yong, COO of Alibaba Group: in 2013, tmall double 11 investment will be unprecedented financial report: Amazon Q1 revenue soared by 34%, exceeding market expectations financial report: Amazon’s first quarter performance review Suning cloud business financial report: 2014 Q2 Suning cloud business net profit loss of 749 million yuan Year on year expansion of Jingdong: 3q19 financial report teleconference record future technical service revenue will become an important driving force for business revenue growth Alibaba: 2q21 financial report teleconference record community group buying market is still in the white hot stage. Peng Bo: in 2014, Ma Yun’s worth reached 12.5 billion US dollars, a net increase of more than 2 times. Alibaba asset analysis report: who makes more money, Taobao or tmall?

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