Vipshop Holdings Limited (VIPS) reported that first quarter net income attributable to shareholders increased by 24.6% year over year to RMB 2.3 billion. Net income per ADS increased to RMB 4.18 from RMB 3.16. Non-GAAP net income attributable to shareholders increased by 24.8% year over year to RMB 2.6 billion. Non-GAAP net income per ADS increased to RMB 4.66 from RMB 3.52.
Total net revenues increased by 0.4% year over year to RMB 27.6 billion from RMB 27.5 billion in the prior year period.
For the second quarter, the company expects total net revenues to be between RMB 26.5 billion and RMB 27.9 billion, a year-over-year decrease of approximately 5% to 0%.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.