BABA(US:BABA) 证券时报·2025-05-15 15:42Core Viewpoint - Alibaba's financial performance for the fourth quarter and the entire fiscal year 2025 shows significant growth in revenue and net profit, driven by strategic focus on AI and cloud services [1][2]. Financial Performance - In Q4 2025, Alibaba reported revenue of 236.45 billion RMB, a year-on-year increase of 7%, and an annual revenue of 996.347 billion RMB, up 6% [1]. - The net profit for Q4 was 11.973 billion RMB, reflecting a substantial year-on-year growth of 1203%, while the annual net profit reached 125.976 billion RMB, a 77% increase [1]. Segment Performance - Alibaba Cloud's revenue for Q4 grew by 18% year-on-year, with annual revenue achieving double-digit growth [2]. - Taotian Group's customer management revenue increased by 12% year-on-year, driven by improvements in Takerate and the effectiveness of "full-site promotion" [2][7]. AI and Cloud Strategy - The CEO highlighted that the "user-first, AI-driven" strategy is yielding results, with AI-related product revenue experiencing triple-digit growth for seven consecutive quarters [2][4]. - Alibaba plans to invest over 380 billion RMB in cloud and AI hardware infrastructure over the next three years to support this growth [4]. Shareholder Returns - Alibaba announced a total dividend and special dividend of 4.6 billion USD for the fiscal year 2025, reinforcing its commitment to enhancing shareholder returns [2]. Market Trends - The company is witnessing a growing demand for AI applications across various industries, including traditional sectors like agriculture and manufacturing [5][6]. - The number of 88VIP members, the highest spending consumer group on Taobao and Tmall, continues to grow at a double-digit rate, exceeding 50 million [8].