Vipshop Earnings: VIPS Stock Soars on Q1 Earnings Beat Vipshop (NYSE:VIPS) reported its quarterly earnings results late on Wednesday, amassing a profit that came in ahead of what analysts called for, while sales surged when compared to the year-ago quarter, playing a role in lifting VIPS stock after hours.
Vipshop Releases Q2 Financial Report: Net Profit Increases by 76.4% Year-on-year Vipshop's net revenue totalled at 20.7 billion yuan ($3.1 billion) in the second quarter, increasing by 18.4 percent year-on-year. Net profit attributable to shareholders for the quarter was 681.6 million yuan ($103 million), increasing by 76.4 percent year-on-year.
Vipshop Posted Revenue of 20.7 Billion CHY in Q2, with Net Profit Increasing by 76.4% Year-on-Year Vipshop (NYSE: VIPS) today revealed its unaudited financial statement for the second quarter of 2018. It is reported that the net revenue is RMB 20.7 billion in the second quarter, increasing by 18.4 percent year-on-year, allowing Vipshop to achieve 23 consecutive quarters of profitability. Vipshop's net profit attributable to shareholders for the quarter was RMB681.6bn, increasing by 76.4 per cent year-on-year.
Vipshop Launched Its Specific Warehouse for Brand Inventory Distribution Business Vipshop, one of the most popular E-commerce platform in today’s China, recently announced its launch of a professional wholesale platform - Vipshop warehouse. According to the introduction, the warehouse is designed to serve the general purchasing and wholesale groups, with the help of WeChat social platform to quickly check the brand inventory. Previously, Vipshop focused on B2C mode, and now the launch of this warehouse means that Vipshop will start its B2B age.