Vip.com four quarter net profit of $56 million 600 thousand representing an increase of 122.8%

[Abstract] vip.com fourth quarter total net revenues of $1 billion 360 million, an increase of 108.9% over the same period last year.

Tencent technology news on February 17th, vip.com (NASDAQ: VIPS) on Monday released the 2014 quarter ended fiscal year fourth unaudited financial results for the year ended December 31st. The report shows that vip.com’s fourth quarter total net revenues of $1 billion 360 million, an increase of 108.9% over the same period last year, net profit attributable to ordinary shareholders was $56 million 600 thousand, an increase of $122.8% over the same period last year.

fourth quarter results:

– vip.com fourth quarter total net revenues of $1 billion 360 million, up 114.2% over the previous year, mainly due to the number of active users increased by 114.2% over the previous year, to 12 million 200 thousand, and the total number of orders increased by 99.6% over the previous year, to 35 million 300 thousand;

– vip.com fourth quarter gross margin was 24.9%, higher than the same period last year, 24.5%;

– vip.com’s fourth quarter operating profit of $60 million 800 thousand, an increase of $29 million 600 thousand over the same period last year, $105.7%. Not in accordance with GAAP (excluding equity incentive spending), vip.com fourth quarter operating profit of $79 million 600 thousand, an increase of $33 million over the same period last year, $141.5%. Not in accordance with GAAP (excluding equity incentive spending), vip.com fourth quarter operating margin was 5.9%, higher than the same period last year, 5.1%;

– vip.com’s fourth quarter attributable to ordinary shareholders net profit of $56 million 600 thousand, net profit attributable to ordinary shareholders over the same period last year increased by $25 million 400 thousand to $122.8%. Vip.com fourth quarter net profit margin of 4.2%, higher than the same period last year, 3.9%;

— not in accordance with GAAP (excluding share based compensation expenses), vip.com fourth quarter net profit attributable to ordinary shareholders of $73 million 400 thousand, a year-on-year increase of 154.6% over the same period attributable to ordinary shareholders net profit of $28 million 800 thousand. Not in accordance with GAAP (excluding equity incentive spending), vip.com fourth quarter attributable to ordinary shareholders net profit margin of 5.4%, net profit attributable to ordinary shareholders of the same period last year was $4.4%.

fiscal 2014 main results:

– vip.com fiscal year 2014 net revenues of $3 billion 770 million, up 145.1% over the 2013 fiscal year, mainly due to the number of active users increased 150.4% compared to fiscal year 2013 to 9 million 400 thousand people, 23 million 600 thousand people, and the number of total orders increased 118.3% over the 2013 fiscal year 49 million 200 thousand copies to 107 million 300 thousand copies;

– vip.com fiscal 2014 gross margin was 24.9%, higher than 2>