Vipshop(US:VIPS) Zhi Tong Cai Jing·2025-11-12 02:57Group 1 - Vipshop (VIPS.US) is considering a potential listing in Hong Kong as early as next year, with discussions ongoing and no confirmation yet on the plan [1] - Founded in August 2008 and headquartered in Guangzhou, China, Vipshop is a leading brand discount e-commerce platform focused on "brand flash sales" [1] - Vipshop went public on the New York Stock Exchange (NYSE) in March 2012, raising $71.5 million at an initial price of $6.5 per share [1] - The company's stock price 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-over-year decline of 4.09% [2] - The Non-GAAP net profit attributable to shareholders was 2.1 billion RMB, down from 2.2 billion RMB in the same period last year [2] - Adjusted earnings per ADS were 4.06 RMB, compared to 3.91 RMB in the previous year [2] - The total Gross Merchandise Volume (GMV) for Q2 was 51.4 billion RMB, reflecting a year-over-year growth of 1.7% [2] - Active user count decreased to 43.5 million from 44.3 million year-over-year, while total order volume 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-over-year growth of approximately 0% to 5% [2]