Vipshop third quarter net income rises 16.8% as net revenues grow 3.4%

Reuters

2025/11/20

Vipshop third quarter net income rises 16.8% as net revenues grow 3.4%

Vipshop Holdings Limited reported unaudited financial results for the third quarter of 2025. Total net revenues increased by 3.4% year over year to RMB 21.4 billion (US$3.0 billion). Gross merchandise volume (GMV) rose by 7.5% to RMB 43.1 billion. Gross profit was RMB 4.9 billion (US$689.6 million), slightly down from RMB 5.0 billion in the prior year period. Income from operations was RMB 1.26 billion (US$177.3 million), compared to RMB 1.33 billion a year earlier. The operating margin was 5.9%, compared to 6.4% in the prior year period. Net income attributable to shareholders increased by 16.8% to RMB 1.2 billion (US$171.5 million), with the net margin rising to 5.7% from 5.1%. Cash and cash equivalents and restricted cash as of September 30, 2025, totaled RMB 25.1 billion (US$3.5 billion), with short term investments of RMB 5.9 billion (US$831.7 million). The company cited double-digit growth in Super VIP members and broad-based strength across core categories as key business developments for the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vipshop Holdings Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: CN29767) on November 20, 2025, and is solely responsible for the information contained therein.

应版权方要求，你需要登录查看该内容

登录 / 注册

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2584418715"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2584418715\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2584418715?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-20 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2584418715","market":"fut","top_or_hot":-1,"title":"Vipshop third quarter net income rises 16.8% as net revenues grow 3.4%","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Vipshop third quarter net income rises 16.8% as net revenues grow 3.4%\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Vipshop Holdings Limited reported unaudited financial results for the third quarter of 2025. Total net revenues increased by 3.4% year over year to RMB 21.4 billion (US$3.0 billion). Gross merchandise volume (GMV) rose by 7.5% to RMB 43.1 billion. Gross profit was RMB 4.9 billion (US$689.6 million), slightly down from RMB 5.0 billion in the prior year period. Income from operations was RMB 1.26 billion (US$177.3 million), compared to RMB 1.33 billion a year earlier. The operating margin was 5.9%, compared to 6.4% in the prior year period. Net income attributable to shareholders increased by 16.8% to RMB 1.2 billion (US$171.5 million), with the net margin rising to 5.7% from 5.1%. Cash and cash equivalents and restricted cash as of September 30, 2025, totaled RMB 25.1 billion (US$3.5 billion), with short term investments of RMB 5.9 billion (US$831.7 million). The company cited double-digit growth in Super VIP members and broad-based strength across core categories as key business developments for the quarter.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vipshop Holdings Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: CN29767) on November 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vipshop third quarter net income rises 16.8% as net revenues grow 3.4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVipshop third quarter net income rises 16.8% as net revenues grow 3.4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-20 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Vipshop third quarter net income rises 16.8% as net revenues grow 3.4%\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Vipshop Holdings Limited reported unaudited financial results for the third quarter of 2025. Total net revenues increased by 3.4% year over year to RMB 21.4 billion (US$3.0 billion). Gross merchandise volume (GMV) rose by 7.5% to RMB 43.1 billion. Gross profit was RMB 4.9 billion (US$689.6 million), slightly down from RMB 5.0 billion in the prior year period. Income from operations was RMB 1.26 billion (US$177.3 million), compared to RMB 1.33 billion a year earlier. The operating margin was 5.9%, compared to 6.4% in the prior year period. Net income attributable to shareholders increased by 16.8% to RMB 1.2 billion (US$171.5 million), with the net margin rising to 5.7% from 5.1%. Cash and cash equivalents and restricted cash as of September 30, 2025, totaled RMB 25.1 billion (US$3.5 billion), with short term investments of RMB 5.9 billion (US$831.7 million). The company cited double-digit growth in Super VIP members and broad-based strength across core categories as key business developments for the quarter.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vipshop Holdings Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: CN29767) on November 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4505","symbol_name":"高瓴资本持仓","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251120:nNDL5Yh28t:1","article_id":"2584418715","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584418715","pubTimestamp":1763632829,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Vipshop Holdings Limited reported unaudited financial results for the third quarter of 2025. Total net revenues increased by 3.4% year over year to RMB 21.4 billion . Gross merchandise volume  rose by 7.5% to RMB 43.1 billion. Gross profit was RMB 4.9 billion , slightly down from RMB 5.0 billion in the prior year period. Income from operations was RMB 1.26 billion , compared to RMB 1.33 billion a year earlier. The operating margin was 5.9%, compared to 6.4% in the prior year period. Net income attributable to shareholders increased by 16.8% to RMB 1.2 billion , with the net margin rising to 5.7% from 5.1%. Cash and cash equivalents and restricted cash as of September 30, 2025, totaled RMB 25.1 billion , with short term investments of RMB 5.9 billion . The company cited double-digit growth in Super VIP members and broad-based strength across core categories as key business developments for the quarter.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4505":"高瓴资本持仓","BK4585":"ETF&股票定投概念","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","LU0630378692.HKD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (HKD) INC","BK4220":"综合零售","BK4552":"Archegos爆仓风波概念","BK4503":"景林资产持仓","LU0197773673.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AS\" (USD) INC","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","BK4122":"互联网与直销零售","BK4531":"中概回港概念","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","BK4509":"腾讯概念","VIPS":"唯品会","BK4558":"双十一","BK4588":"碎股","BK4526":"热门中概股"},"translate_title":"唯品会第三季度净利润增长16.8%，净收入增长3.4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VIPS":0.9},"content_text":"Vipshop third quarter net income rises 16.8% as net revenues grow 3.4%\n    \n\n        Vipshop Holdings Limited reported unaudited financial results for the third quarter of 2025. Total net revenues increased by 3.4% year over year to RMB 21.4 billion (US$3.0 billion). Gross merchandise volume (GMV) rose by 7.5% to RMB 43.1 billion. Gross profit was RMB 4.9 billion (US$689.6 million), slightly down from RMB 5.0 billion in the prior year period. Income from operations was RMB 1.26 billion (US$177.3 million), compared to RMB 1.33 billion a year earlier. The operating margin was 5.9%, compared to 6.4% in the prior year period. Net income attributable to shareholders increased by 16.8% to RMB 1.2 billion (US$171.5 million), with the net margin rising to 5.7% from 5.1%. Cash and cash equivalents and restricted cash as of September 30, 2025, totaled RMB 25.1 billion (US$3.5 billion), with short term investments of RMB 5.9 billion (US$831.7 million). The company cited double-digit growth in Super VIP members and broad-based strength across core categories as key business developments for the quarter.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vipshop Holdings Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: CN29767) on November 20, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}