1、 1 Vipshop Reports Unaudited First Quarter 2025 Financial Results Conference Call to Be Held at 7:30 A.M.U.S.Eastern Time on May 20,2025 Guangzhou,China,May 20,2025 Vipshop Holdings Limited(NYSE:VIPS),a leading online discount retailer for brands in China(“Vipshop”or the“Company”),today announced it
2、s unaudited financial results for the quarter ended March 31,2025.First Quarter 2025 Highlights Total net revenues for the first quarter of 2025 were RMB26.3 billion(US$3.6 billion),compared with RMB27.6 billion in the prior year period.GMV1 for the first quarter of 2025 was RMB52.38 billion,compare
3、d with RMB52.44 billion in the prior year period.Gross profit for the first quarter of 2025 was RMB6.1 billion(US$838.2 million),compared with RMB6.5 billion in the prior year period.Net income attributable to Vipshops shareholders for the first quarter of 2025 was RMB1.9 billion(US$267.7 million),c
4、ompared with RMB2.3 billion in the prior year period.Non-GAAP net income attributable to Vipshops shareholders2 for the first quarter of 2025 was RMB2.3 billion(US$318.1 million),compared with RMB2.6 billion in the prior year period.The number of active customers3 for the first quarter of 2025 was 4
5、1.3 million,compared with 43.1 million in the prior year period.Total orders4 for the first quarter of 2025 were 167.2 million,compared with 178.5 million in the prior year period.Mr.Eric Shen,Chairman and Chief Executive Officer of Vipshop,stated,“Our first-quarter performance was broadly in line w
6、ith our expectations.We continued to make progress on the strategic actions we have set out to return to growth.Were pleased to see further expansion of our unique and high-quality off-price 1“Gross merchandise value(GMV)”is defined as the total Renminbi value of all products and services sold throu