Vipshop Holdings Limited - ADR Financials

$12.57

$0.06 (0.44%)

As on 10-Sep-2026 14:42EDT

Market cap

$6,220 Mln

Revenue (TTM)

$105,066 Mln

P/E Ratio

4.2

P/B Ratio

0.9

Div. Yield

4.7 %

Income Statement (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Operating Revenue	105,065.59	105,919.55	108,420.83	112,856.02	103,152.49	117,059.68
Cost of Revenue	80,401.91	81,429.23	82,951.18	87,135.13	81,536.41	93,953.12
Gross Profit	24,663.68	24,490.32	25,469.65	25,720.89	21,616.08	23,106.56
Operating Expenses	16,666.62	16,354.37	16,296.40	16,616.76	15,418.63	17,524.14
Operating Profit (EBIT)	7,997.06	8,135.95	9,173.25	9,104.14	6,197.45	5,582.42
Other Income	--	--	--	--	--	--
Profit before Tax	14,783.61	9,208.60	10,154.46	10,067.30	8,070.65	5,915.58
Provision for Tax	4,737.50	1,798.96	2,315.52	1,866.00	1,758.81	1,222.70
Profit after Tax (Net Income)	10,309.05	7,242.49	7,739.94	8,116.62	6,298.82	4,681.07
Minority Interest	-158.81	-167.15	-99.01	-84.68	-13.02	-11.80
Consolidated Profit	--	--	--	--	6,298.82	4,681.07

Liabilities (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Shareholder's Funds	44,987.63	41,004.75	39,968.81	36,961.40	32,752.04	32,632.90
Minority Interest	-158.81	--	--	--	--	--
Non-Current Liabilities	3,331.23	3,519.31	3,459.90	3,138.70	2,876.35	2,688.21
Current Liabilities	34,193.62	30,883.08	29,927.00	30,624.14	28,526.12	25,771.02
Total Liabilities	120,050.86	78,843.32	74,936.13	72,322.59	65,475.51	62,287.54

Assets (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Non-Current Assets	42,059.58	39,293.06	37,133.57	34,762.00	31,741.08	29,445.60
Current Assets	43,797.67	39,600.47	37,802.56	37,560.60	33,734.43	32,841.95
Total Assets	129,654.91	78,843.32	74,936.13	72,322.59	65,475.51	62,287.54
Total Debt*	11,568.86	6,453.14	3,254.85	2,383.70	3,789.80	3,282.66
Net Current Assets	--	8,692.18	7,875.56	6,936.46	5,208.31	7,070.93

Cashflow (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Cash From Operating Activities	--	7,454.25	9,128.98	14,414.51	10,519.69	6,744.64
Cash Flow from Investing Activities	--	--	-3,565.55	-5,160.34	1,049.15	-2,326.49
Cash from Financing Activities	--	-1,935.57	-4,969.58	-6,146.01	-5,573.39	-58.79
Net Cash Inflow / Outflow	--	--	--	--	--	--

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Adjusted EPS (CN¥)	20.82	14.33	14.84	14.64	10.32	6.85
Cash EPS (CN¥)	--	17.91	18.09	17.38	12.63	8.70
Adjusted Book Value (CN¥)	--	81.14	76.64	66.65	53.65	47.77
Dividend per Share (CN¥)	--	--	--	--	--	--
Cash Flow per Share (CN¥)	--	14.75	17.51	25.99	17.23	9.87
Free Cash Flow per Share (CN¥)	--	10.66	10.67	16.56	12.15	4.63

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
ROCE (%)	--	15.97	18.75	21.39	17.39	13.95
ROE (%)	23.61	17.89	20.12	23.29	19.27	15.31
ROA (%)	8.88	9.42	10.51	11.78	9.86	7.72
EBIT Margin (%)	7.37	8.78	8.29	8.06	6.08	4.68
Net Margin (%)	9.81	6.84	7.14	7.19	6.11	4.00
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Revenue Growth (%)	-0.86	-0.02	-0.04	0.09	-0.12	0.15
EBIT Growth (%)	-12.44	3.39	-1.16	45.11	14.51	-5.18
Net Profit Growth (%)	49.17	-6.43	-4.64	28.86	34.56	-20.75
EPS Growth (%)	57.51	-0.03	0.01	0.42	0.51	-0.19
Book Value Growth (%)	19.41	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Debt to Equity	--	0.16	0.08	0.06	0.12	0.10
Short term debt to equity ratio	0.24	0.14	0.07	0.05	0.09	0.07
Current Ratio	1.28	1.28	1.26	1.23	1.18	1.27
Quick Ratio	1.15	1.12	1.10	1.04	0.99	1.01
Interest Coverage	46.30	106.14	155.90	396.68	258.43	378.57

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Debtors to sales (%)	5.71	1.57	2.91	2.11	2.59	2.36
Asset Turnover	0.90	1.38	1.47	1.64	1.61	1.93
Receivable days	--	8.31	9.33	8.19	9.62	4.83
Inventory Days	--	22.85	23.51	23.39	27.73	28.20
Payable days	--	62.41	71.44	67.65	63.08	55.08
Cash Conversion Cycle	--	-31.26	-38.60	-36.07	-25.73	-22.05

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Income Statement (CN¥ Mln)