(Yicai Global) Feb. 13 -- Vipshop Holdings Ltd. achieved CNY673 million (USD103 million) net profits attributable to shareholders in last fiscal year's fourth quarter, down 12 percent per year, but its gross net revenues and American Depositary Receipt diluted earnings per share attributable to shareholders both exceeded analysts' expectations.
Vipshop yesterday disclosed its unaudited financial statement for the fourth quarter and the last entire fiscal year up to Dec. 31. Its gross net revenues were CNY24 billion (USD3.7 billion), up 27 percent annually, per the statement. This exceeded analysts' expectations of CNY3.7 billion. Also, based on the Non-GAAP, the ADR EPs attributable to shareholders were CNY1.41 (around USD0.22), USD0.2 above analysts' expectations.
It is also its first financial statement since the company announced the aggregate USD863 equity investment it received fom Tencent Holdings Ltd. and JD.Com Inc. The growth effect brought by the strategic partnerships will show itself in the second quarter at the earliest, with the third and fourth quarters showing more evident benefits, said Shen Ya, Vipshop's chairman and chief executive.
Stimulated by the financial statement, Vipshop's after-hours stock price rose 10.13 percent to USD18.05 to hit a two-year high.