Vip.Com Continued To Maintain Steady Growth And Sustained Profit For 18 Consecutive Quarters.

In May 16th, vip.com released the unaudited first quarter as of March 31, 2017.

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Earnings report showed that vip.com continued to maintain steady growth and sustained profit for 18 consecutive quarters.

The report shows that vip.com's net revenue in the first quarter was 15 billion 950 million yuan, up 31.1% from the same period last year.

The number of active users was 26 million, an increase of 32% over the same period.

Total orders 72 million 100 thousand, an increase of 23% over the same period.

Vip.com's gross profit in the first quarter was 3 billion 690 million yuan, an increase of 25% over the same period last year.

The net profit attributable to vip.com shareholders in the first quarter was 551 million 900 thousand yuan, an increase of 16.3% over the same period last year.

According to non US general accounting standards (Non-GAAP), the net profit attributable to vip.com shareholders was 799 million 400 thousand yuan, up 28.2% over the same period last year.

In the calculation of non US general accounting standards (non-GAAP), vip.com's earnings per share will reach $0.18 in the first quarter.

During the reporting period, there were two warehouses in Guiyang and Kunming. Up to now, vip.com's storage area has reached 2 million 100 thousand square meters, and automation system has been introduced to reduce costs and improve logistics efficiency.

In terms of logistics operations, 93% of orders in the first quarter were delivered by self logistics, which was 83% in the same period last year. The proportion of direct return from terminal distribution personnel increased from 30% in the same period last year to 67%.

In the second quarter of 2017, vip.com's net revenue will reach 17 billion yuan to 17 billion 500 million yuan.

In May 12th, the first quarter of 2017, China's online retail B2C market report, vip.com continued to remain in the third place in the industry, and vip.com entered the industry's top three in related reports for 7 consecutive quarters.

At the same time, vip.com announced the separation.

And restructuring logistics business to create new growth engines.

This means that vip.com will create a strategic matrix consisting of three major sections, namely, electricity supplier, finance and logistics.

Shenyang, chairman and chief executive of vip.com, said: "vip.com successfully started in the first quarter of 2017, and its operating performance continued to improve.

Based on vip.com's focus on expanding user base and further occupying the market share, the number of active users in vip.com in the first quarter has increased by 38% over the past year, exceeding 55 million 500 thousand in March 31st.

Vip.com continues to promote user strategy and enhance user experience through enhancing its operational capability.

These include the introduction of a series of new international brands, upgrading of customized services, and continuous efforts in commodity diversity and brand selection.

The healthy development of vip.com has also been recognized by the world's well-known third party research institutions such as BrandZ, which provides a strong endorsement for the promotion of vip.com's brand value. "

Yang Donghao, chief financial officer of vip.com, said: "we are pleased to achieve strong sales growth in the first quarter of 2017, while maintaining the stability of profit margins and the continued sufficiency of free cash flow.

More importantly, we formally announce that vip.com will embark on the restructuring of Internet financial services and logistics business.

This will achieve a significant increase in vip.com cash flow and a sustained increase in earnings, so that we can further focus on core business.

We are confident that vip.com will continue to expand its core market share, maintain its sustainable development capability and continue to lead China's special sale of the electricity supplier industry.

Vip.com has created an innovative business model of "brand discount + limited time rush purchase + genuine guarantee" in China, and has continued to deepen the selection of "brand selection + deep discount + limited time rush".

This model is known as "online outlets".

Vip.com is on line every morning at 10 a.m. and 8 at night, and more than 200 genuine brands are on sale, with a minimum of 90 percent off discount for 3 days, and a shopping experience of "online shopping" for consumers.

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