Only product will Q1 total net revenue of 701.9 million U.S. dollars, an increase of 125.9%

Absrtact: May 15 News, only the goods will be released today as at March 31, the first quarter of 2014 unaudited financial report. The report showed that the company recorded a total net revenue of 701.9 million U.S. dollars in the quarter, an increase of 125.9%;

May 15 News, only the goods will be released today as at March 31, the first quarter of 2014 unaudited financial report. The report showed that the company recorded total net revenue in the quarter of 701.9 million U.S. dollars, an increase of 125.9% per cent, the net profit of the listed part of the only goods will be 26.6 million U.S. dollars, an increase of 355.3%, after the United States Depository Receipts (ADS) net income of 0.46 U.S. dollars, the same period last year for 0.11

Only product will be the official website screenshot

First quarter results highlights:

Total net revenue rose 125.9% to $701.9 million. The number of active users grew 165.1% to 7.4 million, compared with 2.8 million in the same period last year. The total number of orders grew 129.3% to 20.2 million, compared with 8.8 million in the same period last year.

Gross profit margin of 24.9%, the same period last year 23.4%.

Operating profit, based on non-US GAAP (NON-GAAP), was 42.8 million U.S. dollars, an increase of 394.3% per cent over a year earlier, at $8.7 million trillion. NON-GAAP operating profit margin of 6.1%, the same period last year 2.8%.

The net profit of the listed part of the goods-only meeting rose 355.3% to 26.6 million US dollars, compared with 5.8 million US dollars in the same period last year. Net profit margin of 3.8%, the same period last year 1.9%.

The net profit of Non-gaap, the only part of the listing, grew 318.2% to 37.7 million U.S. dollars, compared with $9 million a year earlier. NON-GAAP net profit margin of 5.4%, the same period last year 2.9%.

Financial performance in the first quarter:

Total net revenue grew 125.9% from a year earlier, from $310.7 million trillion to $701.9 million trillion.

Gross profits rose 140.3% from a year earlier, to $174.8 million trillion from $72.8 million trillion over the same period.

Total operating expenditure grew 115% from a year earlier, to $147.4 million trillion from $68.6 million trillion in the same period.

Operating profits grew 452% from a year earlier, from $5.5 million trillion to $30.2 million trillion over the same period. Operating profit margin of 4.3%, the same period last year 1.8%.

Operating profit rose 394.3% from a year earlier, from $8.7 million trillion to $42.8 million trillion, according to non-US GAAP (NON-GAAP). NON-GAAP operating profit margin of 6.1%, the same period last year 2.8%.

The net profit of the listed part of the only commodities market grew 355.3% year-on-year, from 5.8 million U.S. dollars to 26.6 million dollars in the same period last year. Net profit margin of 3.8%, the same period last year 1.9%. Each U.S. depository Voucher (ADS) was diluted with a net income of 0.46 dollars, compared with $0.11 a year earlier.

According to the Non-US GAAP (NON-GAAP), net profit on the listing part of the only commodities meeting rose 318.2% Year-on-year, from 9 million U.S. dollars to 37.7 million dollars in the same period last year. NON-GAAP net profit margin of 5.4%, the same period last year 2.9%. After the NON-GAAP, the net income per ADS was 0.63 dollars, compared with 0.17 dollars in the same period last year.

As of March 31, 2014, the company held cash and cash equivalents of 871.8 million U.S. dollars, restricted securities 179.1 million U.S. dollars, and the outstanding securities of 332.5 million U.S. dollars.

Net cash from operating activities in the first quarter was 84.1 million dollars.

Performance Outlook

The company expects total net revenue in the second quarter of 2014 to be between 780 million and 790 million dollars, up 122% to 124.9% per cent year-on-year.