Source: Photo.com
On May 14, Alibaba Group announced its results for the fourth quarter and full year of fiscal 2024 (April 2023 to the end of March 2024). According to the financial report, Alibaba Group's revenue in the fourth quarter was 221.874 billion yuan, a year-on-year increase of 7%, exceeding market expectations; Adjusted EBITA (earnings before interest, taxes and amortization) decreased 5% year-on-year to $23.969 billion, and adjusted net profit decreased 11% year-on-year to $24.42 billion. Revenue in fiscal year 2024 reached 941.168 billion yuan, a year-on-year increase of 8%; Adjusted EBITA increased by 12% year-on-year to RMB165.028 billion, and adjusted net profit increased by 11% year-on-year to RMB157.479 billion.
In the evening, Alibaba said that its board of directors had approved the payment of dividends for fiscal year 2024, including annual regular cash dividends and one-time special cash dividends, with a total dividend of about US$4 billion (about 30 billion yuan). This is the second time Alibaba has declared an annual dividend, totaling approximately $2.5 billion for fiscal 2023.
Commenting on Alibaba's results, Wu Yongming, CEO of Alibaba Group, said, "This quarter's results show that our strategy is paying off, and Alibaba is getting back on the growth track.
After the earnings report, Alibaba's U.S. stock fell pre-market and continued to fall more than 8% after the open.
A review of Alibaba Group's past operations:
Judging from the company's annual report, Alibaba's revenue in the e-commerce field is mainly divided into three types: retail and wholesale, rookie logistics and local life services, and further Alibaba divides its retail and wholesale business into Chinese retail and wholesale business and cross-border global retail and wholesale business. Judging from the data, in the 2019-2021 fiscal year, Alibaba's total e-commerce revenue has shown an upward trend year by year, of which China's retail business accounts for more than 76% of the year, which is Alibaba's main source of revenue. According to Alibaba's annual report, the main source of revenue for its retail business sector in China is revenue from its Taobao and Tmall platforms.
Note: Alibaba's fiscal year is closed on March 31, the same below.
Judging from the disclosure of the annual report, Taobao and Tmall retail GMV (full name Gross Merchandise Volume), that is, the total merchandise transaction, exceeded 3 trillion yuan as early as fiscal year 2016, and reached 8 trillion yuan in fiscal year 2021. In fiscal year 2021, the annual active consumption scale of the two platforms reached 800 million, and the number of mobile monthly active users exceeded 900 million, making them a veritable leader in the field of electric fans in China.
Ma Yun proposed in an old post 20 years ago that the builders and biggest beneficiaries of e-commerce should be users. At the beginning of this year, Ma Yun published a post entitled "To Reform and Innovation" on Ali's intranet, and he believes that the core change of Ali in the past year is not to catch up with KPIs, but to recognize himself and return to the track of customer value.
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