AlibabaThe group released its fourth quarter earnings for FY 2019 and its FY 2019 results on Wednesday. The financial report shows that this fiscal year,AlibabaThe Group's revenue reached 376.84 billion yuan, and the fourth quarter revenue reached 93.498 billion yuan, a year-on-year increase of 51%. Taobao Tmall has added more than 100 million users in the past fiscal year, bringing more than 900 billion incremental business to brands and businesses. Everything is new, we will continue to let the world have no difficult business. After the earnings report was announced,AlibabaThe stock price rose 4% before the market.
AlibabaThe group said that as of the end of March, it had repurchased approximately 10.9 million ADSs, totaling approximately US$1.57 billion. Ali announced the ADS repurchase program in September 2018 to implement a $6 billion stock repurchase program.
According to the financial report, the net profit attributable to ordinary shareholders in the fourth quarter of FY 2019 was 25.83 billion yuan, compared with 7.55 billion yuan in the same period last year, and the market expectation was 9.169 billion yuan. Net profit attributable to ordinary shareholders in FY 2019 was RMB 87.6 billion, compared with RMB 63.964 billion in the same period last year. The market expectation was RMB 69.439 billion. In the fourth quarter of FY 2019, cloud computing revenue was 7.726 billion yuan, compared with 4.385 billion yuan in the same period last year.
The financial report also shows that the past yearAlibabaChina's retail platform users grew strongly. As of the end of March 2019, Taobao Tmall Mobile reached 721 million monthly active users, up 104 million and 22 million from the same period last year and the previous quarter. As of the end of March, the annual active consumers reached 654 million, an increase of 102 million over the same period last year. Tmall physical commodity transaction volume increased by 31% in FY 2019, and increased by 33% in the fourth quarter. The growth rate exceeded the growth of the industry, and the online retail sales of physical commodities announced by the National Bureau of Statistics was 25.4% for the whole year and 21% for the first quarter. The growth rate during the same period.
“We achieved solid results again in this quarter and fiscal year, with revenue growth of 51% year-on-year, strong user growth and active ecological interaction.”AlibabaGroup Chief Financial Officer Wu Wei said, “In the past few years, our stable profit has increased.Long andCash flow allows us to strengthen our core business, invest in new businesses and create unique value for our customers. These investments have expanded our overall target market and laid a good foundation for long-term development. ”
The financial report shows that in the 2019 fiscal year, Ant Financial Service paidAlibabaThe Group's franchise service fee and software technology service fee is 517 million yuan, and Alipay and its partners serve more than 1 billion global users.
(Article Source:Oriental wealthSecurities Research Institute)