|
|
SELECTED COMBINED FINANCIAL INFORMATION
|
Year ended December 31, |
Six months ended June 30, |
| 2006 |
2007 |
2008 |
2008 |
2009 |
| RMB'000 |
RMB'000 |
| Revenue |
| International marketplace |
991,869 |
1,547,695 |
1,907,135 |
933,522 |
1,080,325 |
| China marketplace |
371,993 |
615,062 |
1,094,059 |
481,643 |
634,577 |
| Total |
1,363,862 |
2,162,757 |
3,001,194 |
1,415,165 |
1,714,902 |
| Cost of revenue (1) |
(237,625) |
(280,113) |
(387,368) |
(170,564) |
(239,760) |
| Gross profit |
1,126,237 |
1,882,644 |
2,613,826 |
1,244,601 |
1,475,142 |
| Sales and marketing expenses (1) (2) |
(610,198) |
(736,813) |
(1,092,086) |
(442,505) |
(667,044) |
| Product development expenses (1) (2) |
(105,486) |
(131,495) |
(186,513) |
(74,049) |
(136,432) |
| General and administrative expenses(1) (2) |
(159,969) |
(229,868) |
(320,144) |
(149,119) |
(179,309) |
| Other operating income, net |
17,912 |
19,877 |
177,300 |
72,074 |
72,076 |
| Profit from operations |
268,496 |
804,345 |
1,192,383 |
651,002 |
564,433 |
| Finance income, net |
22,892 |
345,099 |
239,207 |
163,621 |
74,672 |
| Share of losses of associated companies, net of tax |
- |
- |
(16,087) |
- |
(20,827) |
| Profit before income taxes |
291,388 |
1,149,444 |
1,415,503 |
814,623 |
618,278 |
| Income tax charges |
(71,450) |
(181,649) |
(210,317) |
(117,444) |
(104,138) |
| Profit attributable to equity owners |
219,938 |
967,795 |
1,205,186 |
697,179 |
514,140 |
Note(1):
Included share-based compensation expenses, which were allocated as follows: |
|
Year ended December 31, |
Six months ended June 30, |
| 2006 |
2007 |
2008 |
2008 |
2009 |
| RMB'000 |
RMB'000 |
| Cost of revenue |
23,335 |
13,718 |
9,573 |
2,759 |
4,900 |
| Sales and marketing expenses |
50,068 |
49,668 |
57,712 |
24,698 |
27,837 |
| Product development expenses |
16,344 |
14,999 |
17,996 |
6,715 |
8,982 |
| General and administrative expenses |
24,157 |
73,692 |
93,534 |
59,926 |
46,655 |
| Total share-based compensation expenses |
113,904 |
152,077 |
178,815 |
94,098 |
88,374 |
Note(2):
Included expenses of Alibaba Group not related to the B2B business as follows: |
|
Year ended December 31, |
Six months ended June 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, |
Six months ended June 30, |
| 2006 |
2007 |
2008 |
2008 |
2009 |
| (I) REGISTERED USERS, STOREFONTS AND PAYING MEMBERS |
| Registered Users |
| International marketplace |
3,115,153 |
4,405,557 |
7,914,630 |
5,614,887 |
9,462,705 |
| China marketplace |
16,649,073 |
23,194,402 |
30,160,705 |
26,908,403 |
33,318,513 |
| Storefronts |
| International marketplace |
514,891 |
697,563 |
965,747 |
802,286 |
1,126,645 |
| China marketplace |
1,557,874 |
2,259,283 |
3,648,503 |
2,968,328 |
4,382,615 |
| Paying Members |
|
| Gold Supplier members |
18,682 |
27,384 |
43,028 |
29,766 |
70,453 |
| International TrustPass members |
10,843 |
12,152 |
16,136 |
13,912 |
19,219 |
| China TrustPass members |
189,573 |
266,009 |
372,867 |
324,328 |
441,799 |
| (II) OPERATING PROFIT MARGIN BEFORE SHARE-BASED COMPENSATION AND NON-B2B EXPENSES (3) |
38.1% |
44.2% |
45.7% |
52.7% |
38.1% |
| (III) RECURRING FREE CASH FLOW (RMB'000) (3) (4) |
727,714 |
1,316,371 |
1,465,917 |
549,646 |
769,570 |
| (IV) CASH AND BANK BALANCES (RMB'000) |
1,488,804 |
5,273,552 |
6,612,324 |
5,772,480 |
7,101,043 |
| (V) DEFERRED REVENUE AND CUSTOMER ADVANCES (RMB'000) |
1,253,964 |
1,919,849 |
2,256,871 |
1,987,830 |
2,718,773 |
| (VI) NET INCOME BEFORE SHARE-BASED COMPENSATION (RMB'000) (3) (5) |
333,842 |
1,119,872 |
1,384,001 |
791,277 |
602,514 |
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, |
Six months ended June 30, |
| 2006 |
2007 |
2008 |
2008 |
2009 |
| RMB'000 |
RMB'000 |
| Net cash generated from operating activities |
730,671 |
1,409,217 |
1,580,924 |
590,926 |
830,006 |
| Purchase of property and equipment, excluding payment for land use rights and construction costs of corporate campus project |
(89,715) |
(92,846) |
(115,007) |
(41,280) |
(60,436) |
| One-off payment for withholding tax(a) |
86,491 |
- |
- |
- |
- |
| Other non-cash operating expenses |
267 |
- |
- |
- |
- |
| Recurring free cash flow |
727,714 |
1,316,371 |
1,465,917 |
549,646 |
769,570 |
| (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, |
Six months ended June 30, |
| 2006 |
2007 |
2008 |
2008 |
2009 |
| RMB'000 |
RMB'000 |
| Profit for the year attributable to equity owners |
219,938 |
967,795 |
1,205,186 |
697,179 |
514,140 |
| Add: Share-based compensation expenses |
113,904 |
152,077 |
178,815 |
94,098 |
88,374 |
| Net income before share-based compensation |
333,842 |
1,119,872 |
1,384,001 |
791,277 |
602,514 |
|
