Alibaba’s net profit in the first quarter was 39.47 billion yuan, up 28% year on year

The first quarter financial report of fiscal year 2021 as of June 30, 2020 was released today (Note: Alibaba’s fiscal year is not synchronized with the natural year, starting from April 1 of each year and ending on March 31 of the next year). The revenue was 153.751 billion yuan (about 21.762 billion US dollars), with a year-on-year increase of 34%. The net profit was 46.437 billion yuan (about 6.573 billion US dollars). The net profit was 39.474 billion yuan (about 5.587 billion U.S. dollars), a year-on-year increase of 28%. Zhang Yong, chairman and CEO of Alibaba group, said: “Alibaba has achieved excellent performance in the past quarter. This shows that the epidemic has accelerated the digital process of consumer lifestyle and business operation mode, and we have also grasped the growth opportunities brought about by this. We have used the capabilities of Alibaba’s entire digital infrastructure to support the recovery of all walks of life. At the same time, we have successfully expanded and enriched our consumer base by meeting the changing preferences of consumers after the outbreak. Even though we are going through extraordinary times, we are still focused on long-term development, committed to fulfilling our mission and creating real value for consumers and corporate customers. ” < / P > < p > the annual number of active users in China’s retail market is 742 million, an increase of 16 million compared with the number of active users as of March 31, 2020. < p > < p > China’s retail market mobile Mau (monthly active users) reached 874 million in June 2020, an increase of 28 million over March 2020. < / P > < p > the operating profit was 34.705 billion yuan (about US $4.912 billion), an increase of 42% over the same period of last year. The adjusted EBITDA was RMB 51.039 billion (about US $7.224 billion), a year-on-year increase of 30%. The net profit attributable to common shareholders was RMB 47.591 billion (about US $6.736 billion), up 124% year on year. The net profit was RMB 46.437 billion (about US $6.573 billion). The net profit was 39.474 billion yuan (about 5.587 billion U.S. dollars), a year-on-year increase of 28%. The diluted income per ads was 17.36 yuan (about US $2.46), which was not calculated according to US GAAP, and the diluted earnings per ads was 14.82 yuan (about US $2.10), up 18% year on year. < / P > < p > the diluted earnings per common share were RMB 2.17 (US $0.31; HK $2.38), which were not calculated according to US GAAP, and the diluted earnings per common share was RMB 1.85 (about US $0.26; HK $2.03), up 18% year-on-year. < / P > < p > net cash generated from operating activities was RMB 5099 million (approximately US $7.091 billion). Free cash flow is 36.570 billion yuan (about 5.176 billion US dollars), which is not calculated according to US GAAP. < / P > < p > revenue was 153.751 billion yuan (US $21.762 billion), up 34% from 114.924 billion yuan in the same period of last year. The revenue from China’s commercial retail business was 101.321 billion yuan (US $14.341 billion), up 34% from 75.601 billion yuan in the same period of last year. < p > < p > revenue from China’s commercial wholesale business was 3.484 billion yuan (about 493 million US dollars), an increase of 16% compared with 2.992 billion yuan in the same period of last year. < p > < p > the revenue from international retail business was 7.012 billion yuan (US $992 million), an increase of 26% over the same period of last year of RMB 5.567 billion yuan. < / P > < p > the revenue from international wholesale business was RMB 3204 million (about US $454 million), an increase of 43% compared with RMB 2245 million in the same period of last year. < p > < p > revenue from rookie logistics services was 7.713 billion yuan (about 1.092 billion US dollars), up 54% year on year. Revenue from local consumer services was 7.101 billion yuan (US $1.005 billion), up 15% year on year. < / P > < p > the revenue from cloud computing business was 12.345 billion yuan (US $1.747 billion), up 59% year-on-year. Revenue from digital media and entertainment was 6.994 billion yuan (US $990 million), up 9% year-on-year. Revenue from innovation strategy and other revenue was 1.094 billion yuan (about US $155 million), down 6% year-on-year. The cost of revenue is 54.823 billion yuan (about 10.963 billion US dollars), accounting for 55% of the revenue. In the same period of last year, the revenue cost was 59.887 billion yuan, accounting for 53% of the revenue. < / P > < p > product development expenditure was 11.082 billion yuan (about 1.569 billion US dollars), accounting for 7% of the revenue. In the same period of last year, the expenditure on product development was 10.478 billion yuan, accounting for 9% of revenue. < / P > < p > sales and marketing expenditure was 13.652 billion yuan (about 1.932 billion US dollars), accounting for 9% of revenue. In the same period of last year, sales and marketing expenditure was 10.698 billion yuan, accounting for 9% of revenue. General and administrative expenses amounted to 6.837 billion yuan (US $968 million), accounting for 4% of revenue. In the same period of last year, the expenditure on product development was 6.320 billion yuan, accounting for 5% of revenue. < / P > < p > the expenditure on equity incentive was RMB 7.715 billion (about US $1.092 billion), an increase of 8% compared with RMB 7.115 billion in the same period of last year. Equity incentive spending accounted for 5% of revenue, compared with 6% in the same period last year. The amortization of intangible assets was 2.952 billion yuan (about 418 million US dollars), a decrease of 4% compared with 3.066 billion yuan in the same period of last year. The operating profit was RMB 34.705 billion (about US $4.912 billion), accounting for 23% of the revenue, with a year-on-year increase of 42%. In the same period of last year, the operating profit was 24.375 billion yuan, accounting for 21% of the revenue. The adjusted EBITDA was RMB 51.039 billion (about US $7.224 billion), an increase of 30% compared with RMB 39.238 billion in the same period of last year. The adjusted EBITA was 45.372 billion yuan (US $6.422 billion), up 31% from 34.556 billion yuan in the same period last year. Interest and investment income was 22.137 billion yuan (US $3.133 billion), compared with 187 million yuan in the same period of last year. Income tax expenditure was 11.124 billion yuan (US $1.574 billion), compared with 6.712 billion yuan in the same period last year. The effective tax rate fell to 19%, compared with 27% a year earlier. The net profit was 46.437 billion yuan (about US $6.573 billion), up 143% from 19.122 billion yuan in the same period of last year. The net profit was 39.474 billion yuan (about 5.587 billion U.S. dollars), an increase of 28% compared with 30.949 billion yuan in the same period of last year. The net profit attributable to common shareholders was RMB 47.591 billion (about US $6.736 billion), an increase of 124% compared with RMB 21.252 billion in the same period of last year. The diluted income per ads was 17.36 yuan (about US $2.46), which was not calculated according to US GAAP, and the diluted earnings per ads was 14.82 yuan (about US $2.10), up 18% year on year. < / P > < p > the diluted earnings per common share were RMB 2.17 (US $0.31; HK $2.38), which were not calculated according to US GAAP, and the diluted earnings per common share was RMB 1.85 (about US $0.26; HK $2.03), up 18% year-on-year. < p > < p > as of June 30, 2020, the total amount of cash, cash equivalents and short-term investments held by Alibaba group was RMB 381.578 billion (about US $54009 billion), compared with RMB 358.981 billion as of March 31, 2020. < p > < p > net cash generated from operating activities was RMB 5099 million (about US $7.091 billion), up 45% year on year. Free cash flow was 36.570 billion yuan (about 5.176 billion U.S. dollars), up 39% year-on-year. < p > < p > the Alibaba management team will hold the financial report wire at 7:30 a.m. on August 20 (Beijing / Hong Kong time at 7:30 p.m. on August 20; and the mainland of China (fixed line (simultaneous interpretation in Chinese, only for listening). In addition, Alibaba’s investor relations channel will broadcast the conference call live online and provide recording.