Vipshop Holdings Limited (VIPS) declined in the pre-market after announcing its unaudited fourth quarter and fiscal 2021 results. VIPS values at $8.97, losing more than 9% compared to yesterday’s closing price. The stock closed at $9.84 at the end of the last trading session. The stock volume traded in the last trading session was around 6.63 million shares. The current market cap of the company is around $6.66 billion.
VIPS: Q4 and Fiscal 2021 Key Financials
- Vipshop Holdings Limited’s revenue in Q4 2021 was RMB34.1 billion, slightly lower than compared to the revenue of RMB35.8 Q4 in 2020.
- Fiscal year revenue was RMB117.1 billion, and it is an increase of more than 14.9% compared to the revenue of RMB101.9 billion in fiscal 2020.
- Q4 2021 GMV was around RMB57 billion. GMV for fiscal 2021 was approximately RMB191.5 billion gaining more than 16% YoY.
- The company’s net income in Q4 2021 was around RMB1.4 billion. The net income in Q4 2020 was RMB2.4 billion.
- VIPS net income in fiscal 2021 was around RMB4.7 billion, less than compared to the net income of RMB5.9 billion in fiscal 2020.
- The Q4 2021 diluted earnings per share were RMB2.07.
- For fiscal 2021, diluted earnings per share were RMB6.75.
VIPS CEO’s Remarks
Despite a slow fourth quarter under harsh conditions, VIPS CEO Eric Shen is pleased with the overall performance in 2021. Active customers increased 13% to 93.9 million. To achieve quality and long-term growth, they will build brand partnerships, improve customer acquisition efficiency, and increase consumer loyalty.
VIPS 2022 Outlook
Total net revenue is expected to be between RMB27.0 billion and RMB28.0 billion in the first quarter of 2022. It’s a year-over-year drop rate ranging from 5% to 0%.
Conclusion
The stock of the company is down despite the solid financial statement. Pre-market is a volatile trading session as most traders prefer to trade in the regular trading session. The stock might gain value as the new trading session starts today.
