|
|
SELECTED COMBINED FINANCIAL INFORMATION
|
Year ended December 31, |
Nine months ended September 30, |
| 2006 |
2007(Restated) |
2008(Restated) |
2008(Restated) |
2009 |
| RMB'000 |
RMB'000 |
| Revenue |
| International marketplace |
991,869 |
1,536,156 |
1,883,966 |
1,396,445 |
1,719,702 |
| China marketplace |
371,993 |
615,061 |
1,094,058 |
777,300 |
1,012,896 |
| Others |
- |
2,093 |
26,103 |
16,218 |
36,411 |
| Total |
1,363,862 |
2,153,310 |
3,004,127 |
2,189,963 |
2,769,009 |
| Cost of revenue (1) |
(237,625) |
(286,071) |
(400,651) |
(277,850) |
(387,617) |
| Gross profit |
1,126,237 |
1,867,239 |
2,603,476 |
1,912,113 |
2,381,392 |
| Sales and marketing expenses (1) (2) |
(610,198) |
(740,804) |
(1,108,128) |
(729,274) |
(1,142,205) |
| Product development expenses (1) (2) |
(105,486) |
(149,784) |
(214,038) |
(142,032) |
(262,937) |
| General and administrative expenses(1) (2) |
(159,969) |
(232,621) |
(322,245) |
(228,397) |
(278,855) |
| Other operating income, net |
17,912 |
21,831 |
182,637 |
162,377 |
108,761 |
| Profit from operations |
268,496 |
765,861 |
1,141,702 |
974,787 |
806,156 |
| Finance income, net |
22,892 |
345,099 |
239,206 |
183,017 |
108,087 |
| Share of losses of associated companies, net of tax |
- |
- |
(16,087) |
(8,543) |
(29,576) |
| Profit before income taxes |
291,388 |
1,110,960 |
1,364,821 |
1,149,261 |
884,667 |
| Income tax charges |
(71,450) |
(181,649) |
(210,317) |
(183,937) |
(152,794) |
| Profit attributable to equity owners |
219,938 |
929,311 |
1,154,504 |
965,324 |
731,873 |
Note(1):
Included share-based compensation expenses, which were allocated as follows: |
|
Year ended December 31, |
Nine months ended September 30, |
| 2006 |
2007(Restated) |
2008(Restated) |
2008(Restated) |
2009 |
| RMB'000 |
RMB'000 |
| Cost of revenue |
23,335 |
14,510 |
10,013 |
4,971 |
9,746 |
| Sales and marketing expenses |
50,068 |
49,946 |
58,254 |
37,166 |
43,666 |
| Product development expenses |
16,344 |
17,831 |
19,986 |
10,936 |
19,657 |
| General and administrative expenses |
24,157 |
73,907 |
93,704 |
81,559 |
69,804 |
| Total share-based compensation expenses |
113,904 |
156,194 |
181,957 |
134,632 |
142,873 |
Note(2):
Included expenses of Alibaba Group not related to the B2B business as follows: |
|
Year ended December 31, |
Nine months ended September 30, |
| 2006 |
2007 |
2008 |
2008 |
2009 |
| RMB'000 |
RMB'000 |
| Sales and marketing expenses |
83,186 |
- |
- |
- |
- |
| Product development expenses |
6,748 |
- |
- |
- |
- |
| General and administrative expenses |
47,573 |
- |
- |
- |
- |
| Total |
137,507 |
- |
- |
- |
- |
SELECTED OPERATING AND FINANCIAL DATA AS OF THE DATES INDICATED: |
|
Year ended December 31, |
Nine months ended September 30, |
| 2006 |
2007(Restated) |
2008(Restated) |
2008(Restated) |
2009 |
| (I) REGISTERED USERS, STOREFONTS AND PAYING MEMBERS |
| Registered Users |
| International marketplace |
3,115,153 |
4,405,557 |
7,914,630 |
6,912,692 |
10,480,421 |
| China marketplace |
16,649,073 |
23,194,402 |
30,160,705 |
28,732,578 |
34,795,090 |
| Storefronts |
| International marketplace |
514,891 |
697,563 |
965,747 |
868,379 |
1,226,496 |
| China marketplace |
1,557,874 |
2,259,283 |
3,648,503 |
3,295,377 |
4,840,404 |
| Paying Members |
|
| China Gold Supplier |
18,682 |
27,384 |
43,028 |
30,836 |
84,868 |
| Global Gold Supplier |
10,843 |
12,152 |
16,136 |
15,016 |
18,611 |
| China TrustPass members |
189,573 |
266,009 |
372,867 |
352,499 |
475,422 |
| (II) OPERATING PROFIT MARGIN BEFORE SHARE-BASED COMPENSATION AND NON-B2B EXPENSES (3) |
38.1% |
42.8% |
44.1% |
50.7% |
34.3% |
| (III) RECURRING FREE CASH FLOW (RMB'000) (3) (4) |
727,714 |
1,310,782 |
1,465,917 |
959,736 |
1,123,165 |
| (IV) CASH AND BANK BALANCES (RMB'000) |
1,488,804 |
5,273,552 |
6,612,324 |
6,143,613 |
6,389,641 |
| (V) DEFERRED REVENUE AND CUSTOMER ADVANCES (RMB'000) |
1,253,964 |
1,935,673 |
2,294,397 |
2,088,322 |
2,968,517 |
| (VI) NET INCOME BEFORE SHARE-BASED COMPENSATION (RMB'000) (3) (5) |
333,842 |
1,085,505 |
1,336,461 |
1,099,956 |
874,746 |
Note(3):
These financial metrics are not measures of financial performance under International Financial Reporting Standards but are considered by the Group as important financial measures. |
| Note(4): |
|
Year ended December 31, |
Nine months ended September 30, |
| 2006 |
2007(Restated) |
2008(Restated) |
2008(Restated) |
2009 |
| RMB'000 |
RMB'000 |
| Net cash generated from operating activities |
730,671 |
1,406,550 |
1,590,063 |
1,037,558 |
1,253,856 |
| Purchase of property and equipment, excluding payment for land use rights and construction costs of corporate campus project |
(89,715) |
(95,768) |
(124,146) |
(77,822) |
(130,691) |
| One-off payment for withholding tax(a) |
86,491 |
- |
- |
- |
- |
| Other non-cash operating expenses |
267 |
- |
- |
- |
- |
| Recurring free cash flow |
727,714 |
1,310,782 |
1,465,917 |
959,736 |
1,123,165 |
| (a) Amount represented withholding of individual income taxes payable by employees in connection with exercises of share options. Such tax liability was subsequently settled in 2006. |
| Note(5): |
|
Year ended December 31, |
Nine months ended September 30, |
| 2006 |
2007(Restated) |
2008(Restated) |
2008(Restated) |
2009 |
| RMB'000 |
RMB'000 |
| Profit for the year attributable to equity owners |
219,938 |
929,311 |
1,154,504 |
965,324 |
731,873 |
| Add: Share-based compensation expenses |
113,904 |
156,194 |
181,957 |
134,632 |
142,873 |
| Net income before share-based compensation |
333,842 |
1,085,505 |
1,336,461 |
1,099,956 |
874,746 |
| Note(6):Certain comparative figures have been restated pursuant to the merger accounting upon acquisition of the business management software division of Alisoft Holding Limited and its subsidiaries. |
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