阿里巴巴-SW(09988) - 2025 - 中期业绩

Financial Performance - Revenue for the quarter ended September 30, 2024, was RMB 236.50 billion (USD 33.70 billion), representing a year-over-year growth of 5%[3] - Operating profit for the same quarter was RMB 35.25 billion (USD 5.02 billion), also up 5% year-over-year, primarily due to a decrease in non-cash equity incentive expenses[3] - Net profit attributable to ordinary shareholders was RMB 43.87 billion (USD 6.25 billion), a significant increase of 63% year-over-year, driven by changes in the fair value of equity investments and reduced impairment losses[3] - The diluted earnings per American depositary share were RMB 18.17 (USD 2.59), while the non-GAAP diluted earnings per share were RMB 15.06 (USD 2.15), reflecting a 4% year-over-year decline[4] - Cash flow from operating activities was RMB 31.44 billion (USD 4.48 billion), down 36% compared to the same period last year[4] - The total revenue for the quarter was RMB 236.503 billion (USD 33.701 billion), representing a 5% year-over-year growth[17] - Net profit attributable to ordinary shareholders increased by 58% year-over-year to RMB 43.874 billion (USD 6.252 billion) for the quarter[17] - The diluted earnings per share rose by 69% year-over-year to RMB 2.27 (USD 0.32) for the quarter[17] - Adjusted EBITA for the company was RMB 44,590 million (USD 6,354 million), a 5% decrease from RMB 47,077 million in the same period of 2023, primarily due to increased investments in user experience[23] - Adjusted EBITDA for the same period was RMB 47,327 million (USD 6,744 million), down 4% from RMB 49,237 million year-over-year[46] - Net profit for the three months ended September 30, 2024, was RMB 43,547 million (USD 6,205 million), an increase from RMB 26,696 million in the same period of 2023[53] - The company reported a net loss of RMB 1,478 million (USD 211 million) in other net income (expenses) for the three months ended September 30, 2024, compared to a net income of RMB 1,391 million in the same period of 2023[49] Revenue Growth by Segment - Cloud Intelligence Group revenue for the quarter was RMB 29.61 billion (USD 4.22 billion), marking a 7% year-over-year increase, driven by double-digit growth in public cloud services[8] - AIDC revenue for the quarter ended September 30, 2024, increased by 29% year-over-year to RMB 31.672 billion (USD 4.513 billion) driven by cross-border business growth, particularly from AliExpress Choice[11] - Cainiao's revenue for the same quarter grew by 8% year-over-year to RMB 24.647 billion (USD 3.512 billion), primarily due to increased revenue from cross-border logistics fulfillment solutions[12] - Local Life Group's revenue increased by 14% year-over-year to RMB 17.725 billion (USD 2.526 billion), supported by order growth from Gaode and Ele.me, as well as increased marketing service revenue[13] - International retail business revenue grew by 35% to RMB 25,618 million (USD 3,650 million), driven by growth from AliExpress Choice and Trendyol[27] - International wholesale business revenue increased by 9% to RMB 6,054 million (USD 863 million), mainly due to growth in value-added service revenue related to cross-border business[28] - Revenue from the China retail business was RMB 93,008 million (USD 13,254 million), a 0% change year-over-year, with customer management revenue growing by 2% due to online GMV growth[21] - Revenue from the China wholesale business increased by 18% to RMB 5,986 million (USD 853 million), driven by increased value-added service revenue for paid members[22] Cost and Expenses - Operating costs for the three months ended September 30, 2024, were RMB 144,029 million (USD 20,524 million), accounting for 60.9% of revenue, down from 62.1% in the same period of 2023[39] - Sales and marketing expenses for the three months ended September 30, 2024, were RMB 32,471 million (USD 4,627 million), accounting for 13.7% of revenue, up from 11.3% in the same period of 2023, primarily due to increased investment in e-commerce[40] - The amortization of intangible assets for the three months ended September 30, 2024, was RMB 1,649 million (USD 235 million), a decrease of 32% compared to RMB 2,431 million in the same period of 2023[46] - General and administrative expenses for the six months ended September 30, 2024, were RMB 23,057 million (USD 3,285 million), accounting for 4.8% of revenue, compared to RMB 16,705 million (3.6%) in the same period of 2023[84] Cash Flow and Investments - Free cash flow for the same period was RMB 13,735 million (USD 1,957 million), down 70% from RMB 45,220 million year-over-year[58] - The net cash flow from operating activities for the six months ending September 30, 2024, was RMB 65,074 million (USD 9,273 million), a decline of 31% compared to RMB 94,537 million in 2023[100] - The net cash used in investing activities for the six months ending September 30, 2024, was RMB 34,865 million (USD 4,968 million)[101] - The net cash used in financing activities for the same period was RMB 86,364 million (USD 12,307 million)[102] - Cash and cash equivalents, short-term investments, and other financial investments totaled RMB 554,378 million (USD 78,998 million) as of September 30, 2024, down from RMB 617,230 million on March 31, 2024[99] Share Repurchase and Equity - The company repurchased a total of 414 million ordinary shares for a total of USD 4.1 billion, reducing the number of shares outstanding by 2.1%[16] - The company repurchased shares amounting to RMB 72,889 million (USD 10,387 million) during the six months ending September 30, 2024[102] - The company repurchased 118,628,800 ordinary shares at a price of USD 10.10 per share for a total consideration of approximately USD 1.2 billion on May 23, 2024[140] - The company repurchased 565,732,208 American Depositary Shares (ADS) for a total consideration of USD 5.507 billion during the six months ended September 30, 2024[139] Employee and Governance - The total number of employees as of September 30, 2024, was 197,991, a slight decrease from 198,162 as of June 30, 2024[60] - The company has established comprehensive learning and training programs to support employee growth and long-term career development[136] - The company has complied with the corporate governance code since its transition to primary listing status on August 28, 2024[141] - The audit committee has reviewed the unaudited consolidated interim results for the six months ended September 30, 2024[143]