Investor Relations Contact. We have the next question from Ronald Keung from Goldman Sachs. 6 0 obj Share-based compensation expenses and amortization of intangible assets have been and will continue to be significant recurring expenses in its business. endobj Found insideThe book offers readers an enterprise level of view outward expansion by Chinese firms that is focused not only on the big-names, but also less well-known, but equally important trailblazing enterprises. Looking forward to the second half of 2021, we remain committed to execution of our merchandising strategy. Non-GAAP net income attributable to Vipshop's shareholders for the first quarter of 2020, which excluded (i) share-based compensation expenses, (ii) impairment loss of investments, (iii) amortization of intangible assets resulting from business acquisitions, (iv) tax effect of amortization of intangible assets resulting from business acquisitions, (v) investment gain and revaluation of investments excluding dividends, (vi) tax effect of investment gain and revaluation of investments excluding dividends, and (vii) share of gain (loss) in investment of limited partnership that is accounted for as an equity method investee, increased by 20.8% year over year to RMB986.1 million (US$139.3 million) from RMB816.3 million in the prior year period. Vipshop Holdings Ltd is an online discount retailer for brands in China. All participants wishing to join the conference call must pre-register online using the link provided below. About the Company. Company Participants. We will have more opportunity to partner with an increasing number of brands, which will further reach our branded merchandise selections on our platform. Found insideHe could be mine if I dare to claim him. Problem is, the world thinks he’s theirs. How do you keep an idol when everyone is intent on taking him away? For more information, please visit www.vip.com. The book is intended for postgraduate students in e-commerce and computer science as well as government officials, entrepreneurs and managers. Prof. Found insideReaders will learn about the current multinational landscape in Asia, the management challenges, and the future implications for traditional western companies seeking to retain their market share. Use Esc key to leave the submenu. So in May, we also added a certain life of privileges for Super VIP members. Vipshop Holdings Limited is a leading online discount retailer for brands in China. Provide free Vipshop(VIPS) major events announcements, including the company's latest resolutions of the general meeting of shareholders, notices of board meeting, important performance progress and other announcements. Should we expect acceleration in the fourth quarter, if the pandemic gets well contained? The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of (1) non-cash share-based compensation expenses, (2) impairment loss of investments, (3) amortization of intangible assets resulting from business acquisitions, (4) investment gain and revaluation of investments excluding dividends, and (5) share of gain (loss) in investment of limited partnership that is accounted for as an equity method investee. The speed of this investment flow growth coupled with a lack of reliable government data, both in China and the United States, has hindered efforts to accurately analyze trends in Chinese investment while also masking some of the risks and ... The #1 New York Times bestseller—Now a Major Motion Picture from Paramount Pictures From the author of The Blind Side and Moneyball, The Big Short tells the story of four outsiders in the world of high-finance who predict the credit and ... As a result, we have not only been able to attract ever increasing amount of unique branded merchandise to be sold on our platform, but have been able to do so at Vipshop's favorable discount price. Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Vipshop's goals and strategies; Vipshop's future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop's ability to attract customers and brand partners and further enhance its brand recognition; Vipshop's expectations regarding demand for and market acceptance of flash sales products and services; competition in the discount retail industry; the potential impact of the COVID-19 to Vipshop's business operations and the economy in China and elsewhere generally; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Let me add on something on this. Good evening, management. ÿØÿà JFIF ÿá Exif MM * ÿì Ducky d ÿá http://ns.adobe.com/xap/1.0/ Further information regarding these and other risks is included in Vipshop's filings with the SEC. Before we begin, I will read the Safe . Current report of foreign issuer. We provided a better targeted product to Super VIP members and improved our services. Guangzhou, China, August 18, 2021 - Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the second quarter ended June 30, 2021. General and administrative expenses for the second quarter of 2021 were RMB1.0 billion, compared to RMB804.6 million in the second quarter of last year. Non-GAAP income from operations is income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions. Non-GAAP net margin attributable to Vipshop's shareholders is non-GAAP net income attributable to Vipshop's shareholders as a percentage of total net revenue. Ladies and gentlemen, good day, everyone, and welcome to Vipshop Holdings Limited Third Quarter 2020 Earnings Conference Call. The technology company's listed phone number is 862022330000 and its investor relations email address is [email protected] The official website for Vipshop is www.vip.com. As a percentage of total net revenue, total operating expenses for the second quarter of 2021 were 16.4% compared with 15.8% in the second quarter of last year. And in terms of net margins, we've mentioned many times, we will continue to balance our top line growth and profitability. [5] Non-GAAP income from operations is a non-GAAP financial measure, which is defined as income from operations excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions. And in future we will continue to provide more popular membership privileges to improve their shopping experience. Actually Super VIP members spend almost 10 times an average customer. Thank you. Number one is that, remember last Q3 we had a booming business post COVID-19. Thank you, Shen and David, Jessie. But if you look at the apparel-related segment, we are the number one in discount sale. We believe this will solidify our leading position in China's discount retail markets. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Net margin attributable to Vipshop's shareholders for the first quarter of 2020 was 3.6%, as compared with 4.1% in the prior year period. First, yes, regarding the -- can you give us the breakdown of by month in the second quarter, because we remember that in May when -- during the first quarter earnings call you mentioned that your guidance for the second quarter actually has been a little bit conservative. This announcement contains forward-looking statements. This book is essential reading for anyone concerned about the socio-economic future of the U.S. What the experts are saying: "Brilliant! So we actually had some control over our marketing spend. Vipshop Holdings Limited (NYSE:VIPS)Q2 2021 Earnings CallAug 18, 2021, 7:30 a.m. And in the past we had been leveraging a lot of traditional channels like, digital advertising to acquire younger shoppers, especially those who are born after 2000. Eric Shen - Chairman and Chief . Thank you. This has become a month long promotional event, and that it's becoming less and less attractive to customers. I would like to add on something what Eric just mentioned. Thank you. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Vipshop Holdings Ltd. This is coming from the line of Thomas Chong from Jefferies. This encyclopedia offers the full collection of LEGO Star Wars minifigures with facts and some of their rare and exclusive releases. 86-20-2233-0000. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS for the second quarter of 2021 increased to RMB2.10 from RMB1.92 in the second quarter of 2020. Thank you, operator. Found insideMonumental study of English fashions from 1485 through 1603 surveys clothing worn by all classes and includes headgear, hairstyles, jewelry, collars, footwear, and other accessories. 1,000 black-and-white figures. 24 halftones. 22 color ... Making the world smarter, happier, and richer. [Foreign Speech]. For further information about the scope of SIPC insurance, visit www.sipc.org or request an explanatory brochure from Futu Inc. How should we think about the competitive landscape of the stock industry going forward? 5. Audience Analysis Tools identify the sites and topics your audience cares about most. Gross margin for the first quarter of 2020 was 19.2%, as compared with 20.4% in the prior year period, primarily attributable to higher revenue contribution from standardized products with lower gross margin during the COVID-19 pandemic. And how do we see that into the fourth quarter, as what we talk about as the peak season? VIPS is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Thank you. Please go ahead. Eric Shen - Chairman and Chief . The Company offers high quality and popular branded products to consumers throughout China at a significant discount from retail prices. Non-GAAP income from operations[5] for the first quarter of 2020, which excluded share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, was RMB1.0 billion (US$147.8 million), as compared with RMB1.0 billion in the prior year period. Fulfillment expenses for the second quarter of 2021 were RMB2.1 billion as compared with RMB1.7 billion in the same period in 2020. Hi management. CrowdStrike was founded in 2011 to reinvent security for the cloud era. Vipshop Holdings Limited is a leading online discount retailer for brands in China. Eric Shen - Chairman and . Growing [sic-gross] profit for the second quarter of 2021 increased by 20.6% year-over-year to RMB6.0 billion from RMB4.9 billion in the same period last year. We expected that number should remain stable. Free cash flow is net cash from operating activities adding back the impact from Internet financing activities and less capital expenditures, which include purchase and deposits of property and equipment and land use rights, and purchase of other assets. Provides recipes that help to shed pounds, including Thai coconut shrimp soup, Ocean Drive paella, fitness model enchiladas, and Sicilian tiramisu. But if you pay close attention, you might gather that its strong financials could mean . . These forecasts reflect the Company's current and preliminary view on the market and operational conditions, which is subject to change. Okay. Thank you, operator. Statements that are not historical facts, including statements about Vipshop's beliefs and expectations, are forward-looking statements. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners . So for Q3 and Q4, we don't expect similar deceleration within the growth -- the decline would be much moderated. GUANGZHOU, China, Aug. 9, 2021 /PRNewswire/ -- Vipshop Holdings Limited (VIPS) , a leading online discount retailer for brands in China ("Vipshop (VIPS)" or the "Company"), today announced that it plans to release its second quarter 2021 financial results on Wednesday, August 18, 2021, before the US market open.. 5 0 obj Share-based compensation expenses included are as follows, Unaudited Condensed Consolidated Balance Sheets, Amounts due from related party-non current, Accrued expenses and other current liabilities, Class A ordinary shares (US$0.0001 par value, 483,489,642 shares authorized, and 117,584,362 and 117,973,624 shares issued and outstanding as of December 31, 2019 and March 31,2020, respectively), Class B ordinary shares (US$0.0001 par value, 16,510,358 shares authorized, and 16,510,358 and 16,510,358 shares issued and outstanding as of December 31, 2019and March 31,2020, respectively), TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY, Reconciliations of GAAP and Non-GAAP Results, Amortization of intangible assets resulting from business acquisitions, Investment gain and revaluation of investments excluding dividends, Share of (gain) loss in investment of limited partnership that is accounted for as an equity method investee, Tax effect of investment gain and revaluation of investments excluding dividends, Tax effect of amortization of intangible assets resulting from business acquisitions, Non-GAAP net income attributable to Vipshop's shareholders. We think that primarily due to the resurgence of the COVID-19 here and there, and we are seeing the trend moving slower than before. These statements are made under the "safe harbor" provisions of the U.S. [Foreign Speech]. And hopefully that will translate to more active customers into Super VIP memberships. Act against Unjustifiable Premiums and Misleading Representations (Japan) (2018 Edition) Updated as of October 23, 2018 This book contains: - The complete text of the Act against Unjustifiable Premiums and Misleading Representations (Japan) ... Okay, back to your question on trends. So with their -- as their spending has contributed a third of our total net GMV, we are going to translate more customers into SVIP members and that would help us to improve the ARPU over time. So that's number one. We would expect that we will continue to grow our customer base. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. ",#(7),01444'9=82. Net income attributable to Vipshop's shareholders per diluted ADS for the second quarter of 2021 decreased to RMB1.56 from RMB2.24 in the second quarter of the previous year. Once pre-registration has been complete, participants will receive dial-in numbers, a passcode, and a unique registrant ID. This volume is divided into: World and China Economy, Chinese Diplomacy, International Strategies. We've been investing to fulfill our innovation, but that's not our current priority. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. It's not as strong as we had anticipated, but it's also not as bad as we probably had imagined. In terms of the Q3 guidance, there are a few factors entering Q3. GUANGZHOU, China, Feb. 26, 2020 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China (" Vipshop" or the "Company"), today announced that it plans to release its fourth quarter and full year 2019 financial results on Thursday, March 5, 2020 before market open.The Company will hold a conference call on Thursday, March 5, 2020 at 7:30 am . So, we are confident that we have the -- maybe the leading leaders in terms of how we process apparels sales and inventories. Found insidePrepare for Microsoft Exam AZ-900–and help demonstrate your real-world mastery of cloud services and how they can be provided with Microsoft Azure. Vipshop Holdings Limited is a leading online discount retailer for brands in China. GMV includes shipping charges paid by buyers to sellers. Company profile. Eric Shen - Chairman and Chief . The SIPC provides limited protection over an investor's securities and cash when a member brokerage firm is to be liquidated, SIPC does not protect losses due to market volatility. My second question is more concerned about our user engagement and user experience. Performance and racing drivers constantly seek ways to sharpen their skills and lower their lap times. Ultimate Speed Secrets is the indispensable tool to help make you faster, whatever your driving goals. GUANGZHOU, China, May 27, 2020 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2020. Ladies and gentlemen, we will now begin the question-and-answer session. My first question is concerned about new initiatives of the Company. And I'm asking the question on behalf of Natalie. These tables are intended to provide investors with the historical financial figures in RMB, in order to remove the effects of past foreign currency translation and ensure accurate and transparent comparability of financial figures across all applicable periods. Vipshop (China) Co., Ltd. generates $15.71 billion in sales (USD). Contributors: N. Dimsdale, J. Kay, P. Marsh, J. Charkham, A. Sykes, D. McWilliams, A. Sentance, M. Middleton, D. Lomax, C. Mayer, A. Beecroft, A. Hughes, M. Prevezer, M. Ricketts, J. Edwards, E. Schneider-Lenne, J. Corbett, S. Masuyama, K. ... And my second question is, we mentioned about attracting young users. [11] Net impact from Internet financing activities represents net cash flow relating to the Company's financial products, which are primarily consumer financing and supplier financing that the Company provides to its customers and suppliers. Private Securities Litigation Reform Act of 1995. We have the next question from the line of Robin Leung from Daiwa. With its stock down 33% over the past three months, it is easy to disregard Vipshop Holdings (NYSE:VIPS). $.' So can management share any color to help us understand are there any new initiatives or businesses that we are now taking a trial in? China. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. We have our next question. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. It operates in Vip.com, Shan Shan Outlets, and Others segments. Provide the latest Vipshop(VIPS) market data, including prices, cycle charts, basic information and real-time news information, financial analysis, company introduction, dividends and dividend information, you can also use Futubull to open an account to trade Vipshop stocks，we will provide investors with reference decision data. So we've been investing heavily in bringing our user experience to the next level, including a hassle less return or exchange leveraging our relationship with Shunfeng Express delivery. At this point, I would like to turn the call to Ms. Jessie Fan, Vipshop's Director of Investor Relations. Vipshop to Announce Second Quarter 2021 Financial Results on August 18, 2021 . Realizing that the nature of cybersecurity problems had changed but the solutions had not, we built our CrowdStrike Falcon platform to detect threats . Ladies and gentlemen, good day everyone and welcome to Vipshop Holdings Limited Second Quarter 2021 Earnings Conference Call. Net margin attributable to Vipshop's shareholders for the second quarter of 2021 was 3.7%, as compared with 6.4% in the prior year period. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. The Vipshop Holdings Limited stock price gained 5.98% on the last trading day (Monday, 23rd Aug 2021), rising from $13.22 to $14.01. We’re motley! Please proceed. Due to time constraints, that concludes our Q&A session for today. 4. At this point, let me hand over the call to our CFO, David Cui, who will go over our operational and financial results. Combining a ship finance textbook with a jet setting geopolitical romp, Viking Raid picks up where The Shipping Man left off - on a journey into the famously private world of international shipping tycoons and their financiers.At the ... Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. The first question is on, also in our third quarter revenue guidance of 5% to 10%, just want to know how that user growth and ARPU is kind of put within this forecast? Please proceed. So it's already contributed one-third of our total GMV. We are committed to increase the breadth and depth of our merchandising portfolio to offer users a differentiated selection of high quality merchandise, while creating dynamic price advantage for our discount sales. Just want to see whether our user growth remains quite strong, or maintaining the trends in the second quarter? Jessie Fan-- Director of Investor Relations. Certainly. In terms of enhancing our user experiences through some operational refinements, you have to be aware that all of consumers are looking for good brands, good merchandise with good prices and good quality, and that should be matched with good services. This book provides background basics as well as numerous suggestions, rare insights, and cases in point concerning those processes, methods, and tools that contribute to the surefooted mastery of the use of electronic systems and software ... Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the second quarter . Our most valuable user group showed especially strong growth momentum, with cumulative Super VIP membership increased by nearly 50% year-on-year, contributing about a third of the total GMV in the second quarter of 2021.