Vipshop(US:VIPS) 智通财经网·2025-11-12 02:36Group 1 - The core viewpoint of the news is that Vipshop (VIPS.US) is considering a potential listing in Hong Kong as early as next year, with discussions ongoing with financial advisors [1] - Vipshop was founded in August 2008 and is headquartered in Guangzhou, China, focusing on brand discount e-commerce [1] - The company went public on the New York Stock Exchange in March 2012, raising $71.5 million at an initial price of $6.5 per share [1] - Vipshop's stock price in the US has increased by 47% this year, bringing its market capitalization to $10.2 billion [1] Group 2 - For Q2 2025, Vipshop reported revenue of 25.8 billion RMB, a year-on-year decrease of 4.09% [2] - The company's Non-GAAP net profit for the same period was 2.1 billion RMB, down from 2.2 billion RMB in the previous year [2] - The adjusted earnings per ADS were 4.06 RMB, compared to 3.91 RMB in the same quarter last year [2] - The total Gross Merchandise Volume (GMV) for Q2 was 51.4 billion RMB, reflecting a year-on-year growth of 1.7% [2] - The number of active users decreased to 43.5 million from 44.3 million year-on-year, and total orders fell to 193 million from 197.8 million [2] - Vipshop expects Q3 2025 net revenue to be between 20.7 billion and 21.7 billion RMB, indicating a year-on-year growth of approximately 0% to 5% [2]