Original title: Vipshop realized a net profit of 2.3 billion yuan in the first quarter

Beijing Daily (Reporter Yuan Lu) Vipshop has recently released its first quarter financial report of 2024, with a total net revenue of 27.6 billion yuan in the first quarter, up 0.4% year on year; The net profit attributable to shareholders was 2.3 billion yuan, up 24.6% year on year. The adjusted income per ADS in the first quarter was 4.66 yuan.

Specifically, in the first quarter of this year, the total volume of Vipshop's commodity transactions increased by 8% over the same period of last year, reaching 52.4 billion yuan; The number of super VIP active users increased by 11% year on year. However, Vipshop's number of active customers and total orders declined in the first quarter of this year. "In the first quarter, the business growth momentum slowed down due to the weaker seasonal demand than expected." Shen Ya, chairman and CEO of Vipshop, said, "The sales of the clothing category are still outstanding. We are confident of achieving long-term growth."

Vipshop said that according to the existing stock repurchase plan, the company will buy back 500 million dollars of shares by the end of this year. The company expects that the total net revenue in the second quarter of this year will be between 26.5 billion yuan and 27.9 billion yuan, slightly down or flat year-on-year.