It's time for another year's earnings report.
With the release of financial reports, the annual results of major domestic Internet companies in 2023 have also appeared.
Mr. Hua took a little inventory,
There are really people who are happy and some are worried, some people are happy and some people are sad!
Revenue King: JD.com
Jingdong Group, which is mainly engaged in self-operated business, has become a proper revenue king with a revenue of more than 1 trillion yuan, and it is also the only company among so many "big guys" to break one trillion yuan.
However, the net profit of the revenue king seems to be a bit low, only 2.14%.
According to the analysis, there are two main reasons.
First, Jingdong is directly operated, and the revenue is calculated as the transaction volume, so the income must be high;
The second is that Jingdong launched the "10 billion subsidy", as well as the support policies for upgrading third-party merchants, etc., focusing on a "domineering president" character design, both spoiling merchants and consumers, but unfortunately the effect is not obvious, like a hard-working worker.
Money King: ByteDance
In 2023, ByteDance's revenue will be 865.3 billion yuan and its net profit will be 201.488 billion yuan, ranking first in earning power.
Mr. Hua pinched his fingers and calculated, this bad guy is equal to earning 6 small goals a day.
It is worth mentioning that ByteDance surpassed Tencent for the first time in revenue and profit.
This milestone event shows that the development of Tik Tok's e-commerce business is becoming the growth engine of Byte, which will have a certain impact on the future strategy and investment plans of Byte and Tencent.
However, because Byte is not listed, there are also suspicions that there is moisture in it.
As for the truth, everyone will judge for themselves.
[Thoughts] [Thoughts] [Thoughts]
Profit King: NetEase
Making money is king!
In 2023, NetEase's revenue and profit will show a growth trend, and the profit growth rate is particularly significant, reaching 28.4% of the profit, which is a veritable "profit king" among the "big guys".
This achievement is mainly due to the strong performance of popular games such as "Egg Boy Party" and "Against the Cold", as well as the outstanding performance of Youdao and NetEase Cloud Music.
The troika goes hand in hand, making NetEase a veritable profit king.
Loss King: Station B.
In 2023, the net turnover of Bilibili will be RMB22.5 billion, an increase of approximately 3% from RMB21.9 billion in 2022.
Sadly, Bilibili, which was launched in 2009, is still in a state of loss, with a net loss of RMB 4.8 billion, and the good news is that the loss is less, about 36% narrower than the 7.5 billion yuan in 2022.
Alas, poor station B, when will it be able to make money!
Growth King: Pinduoduo.
In 2022, Pinduoduo's annual revenue will be 130.6 billion yuan, and in 2023, Pinduoduo's annual revenue will reach 247.6 billion yuan, a year-on-year increase of 90%.
What's more noteworthy is that in 2023, Pinduoduo's market value will surpass Ali for the first time, which has also caused a major earthquake within Ali (this will not be expanded, otherwise 10,000 words will not be finished).
The reason behind Pinduoduo's rapid growth is simple. One is the success of one's own strategy, and the other is the failure of the opponent's strategy.
In the final analysis, it is still the user who gets the market, and the business who gets the world.
In addition to various "kings",
The financial reports of other large manufacturers also have their own bright spots, which are worth studying.
Below, Mr. Hua will summarize it a little briefly.
[Dog's Head] [Dog's Head] [Dog's Head]
Full Profitability: Kuaishou
In 2023, Kuaishou's revenue will be 113.5 billion yuan, a year-on-year increase of 20.5%, and the profit will be 6.4 billion yuan.
Although it is the least profitable enterprise among many large manufacturers, it is also of great historical significance.
Because Kuaishou has finally entered the era of "full profitability".
It is rumored that Kuaishou also distributed a large amount of shopping red envelopes to each employee, and the happy mood is really self-evident, which shows that the senior management is really satisfied with the performance.
Turning losses into profits: Meituan
In terms of revenue, the revenue in 2023 will be 276.7 billion yuan, an increase of 26% from the revenue of 220 billion yuan in the same period last year.
In terms of profit, the net profit in 2023 will be 13.9 billion yuan, compared with a loss of 6.7 billion yuan in 2022.
This means that Meituan in 2023 has finally turned a profit.
In the past year, Meituan's continued growth in users + record high number of active takeaway merchants + strong performance of old businesses such as in-store hospitality and tourism business have become an important growth point for Meituan.
However, the performance of new businesses such as Meituan, Meituan Preferred, and Meituan Bicycle has fallen short of expectations, which has also become an uncertain factor affecting future development.
Profit surge: Baidu
In 2023, Baidu's total revenue will reach 134.6 billion yuan, a year-on-year increase of 9%, and net profit attributable to Baidu (non-GAAP) will be 28.7 billion yuan, a year-on-year increase of 39%.
The sharp increase in profits is mainly due to the generative AI product Wenxin Yiyan.
This product not only brings users to Baidu, but also has a role in restructuring and commercializing Baidu's other product lines.
Gradual recovery: Weibo
Weibo, which was high-spirited in the early days, has been attacked by Douyin, Kuaishou, and Xiaohongshu in recent years, and its performance has been tepid.
In the first two years, due to the impact of the epidemic, the advertising business has declined even more.
Weibo's performance is greatly affected by the advertising industry. According to the financial report, in 2023, Weibo's revenue from advertising and marketing business will be 1.53 billion US dollars, accounting for about 87% of total revenue, a year-on-year decrease of 4%.
However, it is always said that Weibo is gradually recovering, so let's recover gradually!
Super Big Repo: Alibaba
Finally, Ali will finalize it!
Unlike other large manufacturers, Alibaba's financial reports are not calculated in a calendar year, but in a fiscal year, which starts on April 1 of each year and ends on March 31 of the following year.
So when the financial reports of other major manufacturers have come out, Ali's financial reports have not yet come out.
Just don't wait!
The wayward Hua always found the data of Ali for each natural season in 2023 and made a table in the way of a natural year.
Overall, Alibaba's total revenue in 2023 will be 953.688 billion yuan, profit will be 82.93 billion yuan, and the net profit margin will be 8.7%.
Overall looks pretty good, right?
However, Ali at its peak, the net profit in one year can reach 150 billion yuan, and the net profit margin is maintained at 20-30% all year round.
It was a time when there was no going back!
In the 2021 Q1 financial report, Alibaba suffered its first loss since listing due to fines and impairment of various investments.
It was probably from that time that Ali was no longer in the limelight.
Ali will change, Ali will change!
Since last year, Ali has been making new moves.
In addition to the change of leadership, the suspension of the listing of major sub-groups, and the successive statements of the management, Ali also made frequent buybacks to prove that the company's stock price is undervalued and increase investor confidence.
Recently, Alibaba once again announced that it repurchased a total of 1.249 billion ordinary shares for $12.5 billion for the fiscal year ending March 31, 2024.
Nearly 100 billion yuan was invested in buybacks in a year, which means that Alibaba has become the Chinese Internet company with the largest buyback in the past fiscal year.
There is competition, the market is dynamic!
In 2024, as large manufacturers transform from "Internet +" to "AI +",
A new battlefield has been set up, and the drums of war have been beaten.
As for what happens next, let's wait and see!
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