Vipshop Holdings Ltd (VIPS) Financial Statements — Income, Balance Sheet, Cash Flow

Overview Financials Chart Business Summary Filings Ownership Valuation

Financial Statements — VIPS

Balance Sheet

(in billions CNY)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	3.29	26.35	25.41	21.94	16.30	12.00	6.57
Short-term Investments	5.78	1.87	0.28	0.23	0.84	7.33	0.44
Accounts Receivable	0.13	0.92	0.78	0.57	0.46	0.05	0.19
Inventory	5.15	5.03	5.64	0.80	1.08	1.17	1.11
Total Current Assets	39.58	37.80	37.56	4.89	32.84	31.17	23.03
Property, Plant & Equipment	18.31	18.29	16.88	2.35	2.26	13.58	11.26
Goodwill	0.11	0.76	0.76	0.76	0.09	0.59	0.24
Intangible Assets	0.05	0.33	0.05	0.05	0.32	0.33	0.34
Total Non-current Assets*	(28.30)	37.13	(27.37)	60.58	29.45	(22.14)	(16.05)
Total Assets	11.27	74.94	10.19	65.48	62.29	9.03	6.98
Accounts Payable	1.79	15.19	17.26	15.02	13.14	15.19	13.79
Short-term Debt	0.84	2.40	0.20	0.39	0.31	1.04	1.09
Total Current Liabilities	30.88	29.93	30.62	4.14	25.77	26.57	3.44
Long-term Debt	--	--	--	--	--	--	0.06
Total Non-current Liabilities*	3.52	3.46	3.14	27.27	(21.31)	(22.04)	22.90
Total Liabilities	34.40	33.39	33.76	31.40	4.47	4.53	26.33
Retained Earnings	6.95	42.91	36.84	28.72	22.42	17.74	11.92
Total Stockholder Equity	41.00	39.97	5.21	32.75	32.63	28.50	21.83

* Derived from reported values

Income Statement

(in billions CNY) (except per-share rows)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Total Revenue	105.92	108.42	112.86	14.96	117.06	101.86	13.36
Cost of Revenue	81.43	82.95	87.14	81.54	14.74	12.35	10.39
Gross Profit	24.49	25.47	3.62	21.62	23.11	3.26	20.68
Selling, General & Admin	4.37	3.99	4.15	4.46	4.19	0.57	0.58
Total Operating Expenses	17.41	17.21	17.42	16.14	2.90	16.13	16.55
Operating Income	8.14	9.17	1.28	6.20	0.88	5.86	0.69
Interest Expense	0.09	0.06	0.00	0.02	0.00	0.01	0.09
Pretax Income	8.91	9.99	9.99	8.08	5.87	1.08	0.71
Tax Provision	0.26	2.32	1.87	1.76	0.19	1.13	0.98
Net Income	1.04	7.84	8.20	0.92	0.74	0.91	0.57
Basic EPS	72.37	72.97	73.32	49.51	34.38	6.70	30.08
Diluted EPS	10.12	71.76	72.11	49.15	33.74	42.79	29.58

Cash Flow Statement

(in billions CNY)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Operating Cash Flow	7.45	9.13	2.03	1.53	1.06	1.81	12.29
Capital Expenditures	1.99	2.72	2.17	2.43	0.43	2.24	0.47
Free Cash Flow*	5.47	6.41	(0.14)	(0.91)	0.63	(0.43)	11.82
Investing Cash Flow	(8.30)	(3.57)	(5.16)	0.15	(0.37)	(6.70)	(1.18)
Financing Cash Flow	(1.94)	(4.97)	(6.15)	(5.57)	(0.01)	(0.02)	(0.90)

* Derived from reported values

Dividends Per Share

(USD)

Metric	FY 2024
Dividends Per Share	2.15