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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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.