Vipshop reports Q1 results: See increase in Revenue and Net Income
$Vipshop(VIPS)$ By: Manshi Mamtora, CFA
Monthly Chart
$Vipshop(VIPS)$ Vipshop press release: Q1 Non-GAAP earnings per ADS of $0.51.
Total net revenues for the first quarter of 2023 increased by 9.1% year over year to RMB27.5 billion (US$4.0 billion) from RMB25.2 billion in the prior year period.
Net income attributable to Vipshop's shareholders for the first quarter of 2023 increased by 69.6% year over year to RMB1.9 billion (US$270.7 million) from RMB1.1 billion in the prior year period.
Non-GAAP net income attributable to Vipshop's shareholders[2] for the first quarter of 2023 increased by 45.8% year over year to RMB2.1 billion (US$301.3 million) from RMB1.4 billion in the prior year period.
The number of active customers[3] for the first quarter of 2023 increased by 4.0% year over year to 43.8 million from 42.2 million in the prior year period.
Total orders for the first quarter of 2023 increased by 10.8% year over year to 184.4 million from 166.4 million in the prior year period.
Full link：https://www.marketscreener.com/quote/stock/VIPSHOP-HOLDINGS-LIMITED-10246804/news/Vipshop-Q1-2023-Financial-Results-43921312/
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VIPS with 50% less shares than PDD, 4B more in revenue, and 10 p/e. PDD 30 p/e. Just a nice comparison. Will buy more when it drops back to $9 then shoots to 22.
unfortunately the stronger the reports of ADRs brings the sellers out. buy the rumour sell the news as the market says. volatility until the debt ceiling is over too so prepare for ups and downs over the next few weeks
Getting crushed back to 12 by Friday, nobody believes these scams.
Great ariticle, would you like to share it?
Does Warren Buffett own any VIPS stock? lol
ok$Vipshop(VIPS)$