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Alibaba’s revenue in the first quarter of fiscal year 2022 was 205.740 billion yuan, and its net profit was 43.441 billion yuan, a year-on-year increase of 10%

The following is the Alibaba’s revenue in the first quarter of fiscal year 2022 was 205.740 billion yuan, and its net profit was 43.441 billion yuan, a year-on-year increase of 10% recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Industry information.

Alibaba (NYSE: Baba; HK: 09988) released the financial report for the first quarter of fiscal year 2022 as of June 30, 2021 on August 3 (Note: Alibaba’s fiscal year is out of sync with the natural year, starting from April 1 of each year and ending on March 31 of the second year), with a revenue of 205.740 billion yuan (about US $31.865 billion), a year-on-year increase of 34%. Without considering the impact of the merger of Gaoxin retail, the revenue was RMB 187306 million (about US $29.010 billion), a year-on-year increase of 22%. The net profit was RMB 42.835 billion (about USD 6.634 billion). Not in accordance with non GAAP, the net profit was 43.441 billion yuan (about US $6.728 billion), a year-on-year increase of 10%.

Summary of first quarter results:

The revenue was 205.740 billion yuan (about US $31.865 billion), a year-on-year increase of 34%. Without considering the impact of the merger of Gaoxin retail, the revenue was RMB 187306 million (about US $29.010 billion), a year-on-year increase of 22%.

The annual number of active users in China’s retail market was 811 million, an increase of 32 million compared with the annual number of active users as of March 31, 2021.

In the 12 months ended June 30, 2021, the annual active consumers of Alibaba’s global ecosystem reached about 1.18 billion, an increase of 45 million over the 12 months ended March 31, 2021. This includes 912 million consumers in China and 265 million overseas consumers served by lazada, global express, trendyol and daraz.

The operating profit was 30.847 billion yuan (about US $4.778 billion), a year-on-year decrease of 11%. Not in accordance with non GAAP, the adjusted EBITDA was 48.628 billion yuan (about US $7.532 billion), a year-on-year decrease of 5%. Adjusted EBITA was 41.731 billion yuan (about US $6.463 billion), a year-on-year decrease of 8%.

The net profit attributable to common shareholders was RMB 45.141 billion (about USD 6.991 billion). The net profit was RMB 42.835 billion (about USD 6.634 billion). Not in accordance with non GAAP, the net profit was 43.441 billion yuan (about US $6.728 billion), a year-on-year increase of 10%.

Diluted earnings per American depositary share was 16.38 yuan (about US $2.54), and diluted earnings per common share was 2.05 yuan (about US $0.32 or HK $2.46).

Not in accordance with non GAAP, the diluted earnings per American depositary share was 16.60 yuan (about US $2.57), and the diluted earnings per ordinary share was 2.08 yuan (about US $0.32 or HK $2.50).

The net cash generated from operating activities was RMB 33.603 billion (about US $5.204 billion). Not calculated according to U.S. GAAP, free cash flow is a net outflow of RMB 20.683 billion (about US $3.203 billion), compared with a net outflow of RMB 36.57 billion in the same period in 2020. The year-on-year decline was mainly due to the settlement of RMB 9.114 billion of the antitrust fines of RMB 18.228 billion.

First quarter performance analysis:

revenue

The revenue was 205.740 billion yuan (about US $31.865 billion), a year-on-year increase of 34%. Without considering the impact of the merger of Gaoxin retail, the revenue was RMB 187306 million (about US $29.010 billion), a year-on-year increase of 22%.

The revenue from China’s commercial retail business was 135.806 billion yuan (about US $21.034 billion), an increase of 34% over 101.321 billion yuan in the same period last year.

The revenue from China’s commercial wholesale business was 3.924 billion yuan (about US $608 million), an increase of 13% over 3.484 billion yuan in the same period last year.

The revenue from international commercial retail business was RMB 10.8 billion (about US $1.672 billion), an increase of 54% over RMB 7.012 billion in the same period of last year.

The revenue from international commercial wholesale business was RMB 4.402 billion (about US $682 million), an increase of 37% over RMB 3.204 billion in the same period last year.

The revenue from rookie logistics services was RMB 11.601 billion (about US $1.797 billion), a year-on-year increase of 50%. Revenue from local consumer services was 8.757 billion yuan (about US $1.356 billion), a year-on-year increase of 23%.

The revenue from cloud computing business was RMB 16.051 billion (about US $2.486 billion), a year-on-year increase of 29%. Revenue from digital media and entertainment was 8.073 billion yuan (about US $1.25 billion), a year-on-year increase of 15%. The revenue from innovation strategy and other revenue was RMB 1.375 billion (about USD 213 million), a year-on-year increase of 37%.

Costs and expenses

The revenue cost was 124.097 billion yuan (about 19.22 billion US dollars), accounting for 60% of the revenue. The revenue cost in the same period last year was 84.523 billion yuan, accounting for 55% of the revenue.

Product development expenditure was 13.519 billion yuan (about US $2.094 billion), accounting for 7% of revenue. The product development expenditure in the same period last year was RMB 11.082 billion, accounting for 7% of the revenue.

Sales and marketing expenses amounted to RMB 27.036 billion (about US $4.187 billion), accounting for 13% of revenue. The sales and marketing expenditure in the same period last year was RMB 13.652 billion, accounting for 9% of the revenue.

General and administrative expenses amounted to RMB 7.168 billion (about US $1.11 billion), accounting for 4% of revenue. The product development expenditure in the same period last year was RMB 6.837 billion, accounting for 4% of the revenue.

Equity incentive expenditure was 7.811 billion yuan (about US $1.209 billion), compared with 7.715 billion yuan in the same period last year. The proportion of equity incentive expenditure in revenue was 4%, compared with 5% in the same period last year.

The amortization of intangible assets was RMB 3.073 billion (about USD 476 million), an increase of 4% compared with RMB 2.952 billion in the same period of last year.

Operating profit

Operating profit was 30.847 billion yuan (about US $4.778 billion), accounting for 15% of revenue, down 11% year-on-year.

Not in accordance with non GAAP, the adjusted EBITDA was 48.628 billion yuan (about US $7.532 billion), a year-on-year decrease of 5%. Adjusted EBITA was 41.731 billion yuan (about US $6.463 billion), a year-on-year decrease of 8%.

Interest and investment income amounted to 14.101 billion yuan (about US $2.184 billion), compared with 22.137 billion yuan in the same period last year.

Other income was RMB 2.157 billion (about US $333 million), compared with RMB 1.493 billion in the same period last year.

Income tax expense

Income tax expenditure was 9.096 billion yuan (about US $1.409 billion), compared with 11.124 billion yuan in the same period in 2020. The effective tax rate was 20%, compared with 19% in the same period last year.

Net profit

The net profit was 42.835 billion yuan (about US $6.634 billion), down 8% from 46.437 billion yuan in the same period last year. Not in accordance with non GAAP, the net profit was 43.441 billion yuan (about US $6.728 billion), an increase of 10% compared with 39.474 billion yuan in the same period last year.

The net profit attributable to common shareholders was RMB 45.141 billion (about US $6.991 billion), down 5% from RMB 47.591 billion in the same period last year.

Diluted earnings per American depositary share was RMB 16.38 (about US $2.54), down 6% from RMB 1.736 billion in the same period last year. Not in accordance with non GAAP, the diluted earnings per American depositary share was RMB 16.60 (about US $2.57), an increase of 12% compared with RMB 1.482 billion in the same period last year.

Diluted earnings per common share was 2.05 yuan (about US $0.32 or HK $2.46), down 6% from 217 million yuan in the same period last year. Not in accordance with non GAAP, diluted earnings per common share was RMB 2.08 (about US $0.32 or HK $2.50), an increase of 12% compared with RMB 185 million in the same period last year.

Cash and cash equivalents

As of June 30, 2021, the total amount of cash, cash equivalents and short-term investments held by Alibaba group was RMB 470.824 billion (about US $72.921 billion), compared with RMB 473.638 billion as of March 31, 2021.

The net cash generated from operating activities was RMB 33.603 billion (about US $5.204 billion). Not calculated according to U.S. GAAP, free cash flow is a net outflow of RMB 20.683 billion (about US $3.203 billion), compared with a net outflow of RMB 36.57 billion in the same period in 2020. The year-on-year decline was mainly due to the settlement of RMB 9.114 billion of the antitrust fines of RMB 18.228 billion.

Number of employees

As of June 30, 2021, Alibaba had 254702 employees, compared with 251462 as of March 31, 2021.

Repurchase plan:

Alibaba’s board of directors has authorized the company to increase the total repurchase plan from US $10 billion to US $15 billion, which is valid until the end of 2022. This repurchase plan with a total amount of US $15 billion (nearly 100 billion yuan) is not only the largest repurchase plan in the history of Alibaba group, but also expected to become the largest repurchase in the history of Chinese enterprises. More reading: Alibaba’s net profit in the third quarter of 2020 was 59.207 billion yuan, a year-on-year increase of 27%. Alibaba’s financial report: Alibaba’s revenue in the first quarter of fiscal 2017 was $4.838 billion, a year-on-year increase of 59%. Data illustration: from Alibaba’s latest financial report, Ma Yun’s strategic vision media comments: Alibaba ushered in a “shining moment” multi engine driven solid growth in the first quarter of fiscal 2021 After six consecutive quarters of declining profits, has focus media come out of the trough? Data interpretation Alibaba financial report: earn more advertising fees to subsidize new businesses such as Alibaba cloud and Youku. Bentley automotive financial report: in the first half of 2021, the operating profit reached 178 million euros, and the half year sales increased to 7199 units. Suning cloud business financial report: in Q2 2014, Suning cloud business lost 749 million yuan in net profit, which are the highlights of the year-on-year expansion of Priceline’s financial report? High revenue and low profit ucloud’s financial report reflects the chronic illness of cloud computing track. Headline financial report: quarterly profit was achieved for the first time in Q4, 2020. The trade desk completed $110 million in round C financing and released the financial report in the second quarter of 2020. The retention rate of customers still remained more than 95% in the second quarter of 2020. The revenue in the third quarter was 1.067 billion yuan, Net loss of RMB 43.615 million Twitter: in the first quarter of 2019, the number of daily active users increased by 11% year-on-year to 134 million. Ericsson announced that the Q4 network business in 2020 and the annual financial report Q4 increased by 20% year-on-year

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