Alibaba'S Fourth Quarter Profits Plunged 29%

According to the world clothing shoes and hats net, China

Platform giant Alibaba Group Holding Ltd. (NYSE:BABA) Alibaba recorded a net profit of RMB 7 billion 561 million yuan (2.88 yuan) per share in the fourth quarter of fiscal year 2018, or 2.88 yuan per share, compared with 2017 yuan in the fourth quarter of fiscal 2017, or 4.12 yuan per share, plunging 29%, lower than the expected 7 billion 700 million yuan of S&P Global Market Intelligence.

After that, the market has expected the Chinese e-commerce platform giant to point out that

Continuous acquisitions will continue to engulf the group's profitability, while the three core profits of Alibaba recorded a sharp decline in the three quarter.

After adjustment, 1-3 months, Alibaba net profit 14 billion 99 million yuan or EPS 5.73 yuan, compared with the 2017 quarter of fiscal year 104,40 billion or EPS 4.35 yuan has 35% increase.

Benefiting from the US dollar ADS $0.90, which is better than the FactSet 0.85 US dollar expectation, and the current fiscal year 60% is faster than the 2018 revenue year 58% income growth anticipation, Alibaba's stock price once rose nearly 4% before, but then quickly narrowed to 1.5% or so.

In the fourth quarter, Alibaba earned 61 billion 932 million yuan and 9 billion 873 million dollars, an increase of 61% over the previous year, better than Thomson Reuters I/B/E/S, and 58 billion 900 million yuan in the last quarter of fiscal year 2017, of which 51 billion 287 million yuan in core business income and 62% per annualized rate.

With the fastest growth rate in China's online market in the three years, in the 2018 fiscal year, the core business of Alibaba recorded an increase of 60% over the whole year, the highest growth rate for listed companies, and the business income increased to 214 billion 20 million yuan over the 2017 fiscal year.

The fourth quarter income of China's retail business was 40 billion 185 million yuan, an increase of 56% over the 2017 fiscal year of 25 billion 815 million, and the GMV of the group's annual retail business in China increased by 28% to 48200 billion yuan, of which Tmall.com

The increase in physical GMV was 45%.

Alibaba did not disclose Taobao.com's data. However, judging from the performance of Tmall and China's retail business, the group is trying to stimulate Tmall's growth through vigorous efforts to "suck up blood" Taobao. For the small sellers who had previously been parasitized by Taobao, a lot of products, praise, micro stores and small orders will become new battlefields, while the Taobao who nourishes Alibaba will be faced with drawing blood from inside and outside.

As of the fourth quarter, Alibaba China's e-commerce business active users 552 million, an annual growth rate of 22%, an increase of 7%, of which mobile terminal users 617 million, an annual growth rate of 22%, a quarterly increase of 6%.

In addition to the adjusted EBITDA of the core retail business from $18 billion 579 million in fiscal year 2017 to $22 billion 186 million, other cloud services, digital entertainment and innovation losses have been aggravated. Cloud service EBITDA losses have increased from 169 million yuan to 353 million; digital media entertainment business EBITDA has been losing 2 billion 595 million yuan for the whole year, and 1 billion 711 million yuan for the 2017 fiscal year; the loss of innovation business EBITDA has expanded from 682 million yuan in 2017 fiscal year to 860 million yuan.

Under the Alibaba's "new retail" strategy, the EBITDA profit margin of the group's core electricity supplier business continued to plummet. In the 2018 fiscal year, it fell 1600bps to 43% in the fourth quarter.

In the four quarter, the EBITDA profit margin of the 31% quarter was adjusted by 31%.

As of Thursday's closing, Alibaba's stock price has fallen 0.65% this year, which is worse than the same period market index, but far better than its rival JD.com Inc. (NASDAQ:JD) Jingdong, which has plunged more than 14% this year.

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