| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|
Product revenues | |||||||
10,938 | 7,962 | 6,083 | 3,701 | 1,680 | 690 | 226 | - |
Other revenues | |||||||
267 | 188 | 122 | 72 | 16 | 2 | 0 | - |
Total net revenues | |||||||
11,206 | 8,150 | 6,206 | 3,773 | 1,696 | 692 | 227 | 32 |
Cost of revenues (including inventory write-down of RMB293,946, RMB303,233 and RMB206,733 for the years ended December 31, 2015, 2016 and 2017, respectively) | |||||||
8,702 | 6,192 | 4,678 | 2,835 | 1,288 | 537 | 183 | 29 |
Gross profit | |||||||
2,504 | 1,958 | 1,527 | 938 | 407 | 154 | 43 | 3 |
Fulfillment expenses (Note 27(c)) (including shipping and handling expenses of RMB1,714,606, RMB2,578,491 and RMB3,830,229 for the years ended December 31, 2015, 2016 and 2017, respectively) | |||||||
1,060 | 706 | 566 | 370 | 197 | 96 | 45 | 5 |
Marketing expenses (Note 27(c)) | |||||||
457 | 408 | 322 | 189 | 74 | 32 | 15 | 2 |
Technology and content expenses (Note 27(c)) | |||||||
277 | 225 | 166 | 109 | 40 | 14 | 5 | 0 |
General and administrative expenses (Note 27(c)) | |||||||
376 | 279 | 200 | 157 | 49 | 25 | 84 | 2 |
Total operating expenses | |||||||
2,172 | 1,619 | 1,255 | -827 | -362 | -168 | -150 | -11 |
Other operating income (Note 22) | |||||||
81 | 51 | 47 | 25 | 8 | 2 | 0 | 0 |
Income (loss) from operations | |||||||
413 | 389 | 319 | 136 | 53 | -11 | -106 | -8 |
Other non-operating income | |||||||
- | - | - | 3 | - | - | - | - |
Impairment loss of investments | |||||||
20 | 16 | 15 | - | - | - | - | - |
Impairment loss of other investment | |||||||
- | - | - | 1 | 0 | 0 | - | - |
Interest expenses | |||||||
12 | 12 | 13 | 12 | - | 0 | 0 | - |
Interest income | |||||||
15 | 15 | 41 | 47 | 15 | 3 | 0 | 0 |
Exchange (loss) gain | |||||||
-13 | 7 | -15 | -0 | 1 | -0 | 0 | - |
Gain on disposal of an investment | |||||||
8 | - | - | - | - | - | - | - |
Income before income taxes and share of loss of affiliates | |||||||
390 | 383 | 316 | 172 | 70 | -8 | -107 | -8 |
Income tax expense (Note 23) | |||||||
96 | 86 | 70 | 39 | 18 | 0 | - | - |
Share of loss of affiliates | |||||||
-3 | -10 | -12 | -10 | 0 | 0 | - | - |
Net income | |||||||
290 | 287 | 232 | 122 | 52 | -9 | -107 | -8 |
Net loss attributable to non-controlling interests | |||||||
-8 | -6 | -12 | -14 | - | - | - | - |
Deemed dividend on issuance of Series A Preferred Shares | |||||||
- | - | - | - | - | - | 49 | - |
Net income attributable to Vipshop Holdings Limited's shareholders | |||||||
299 | 293 | 245 | 137 | 52 | -9 | -156 | -8 |
Weighted average number of Class A and Class B ordinary shares for computing earnings per Class A and Class B ordinary share: | |||||||
- Basic (in shares) | |||||||
117 | 115 | - | - | - | - | 46 | 47 |
- Diluted (in shares) | |||||||
125 | 125 | - | - | - | - | 46 | 47 |
Net earnings per Class A and Class B ordinary share (Note 24) | |||||||
- Basic (in dollars per share) | |||||||
2.55 | 2.53 | - | - | - | - | -3.38 | -0.18 |
- Diluted (in dollars per share) | |||||||
2.45 | 2.43 | - | - | - | - | -3.38 | -0.18 |
Net income | |||||||
290 | 287 | 232 | 122 | 52 | -9 | -107 | -8 |
Other comprehensive loss, net of tax of nil: | |||||||
Foreign currency translation adjustments | |||||||
52 | -41 | -8 | -9 | 3 | 0 | -0 | -0 |
(Loss)/gain of available-for-sale investments | |||||||
5 | -2 | -1 | - | - | - | - | - |
Reclassification adjustments for losses (gains) included in net income | |||||||
8 | -5 | - | - | - | - | - | - |
Comprehensive income | |||||||
339 | 248 | 223 | 113 | 55 | -8 | - | - |
Less: Comprehensive loss attributable to non-controlling interests | |||||||
-8 | -5 | -12 | -14 | - | - | - | - |
Comprehensive income attributable to Vipshop Holdings Limited's shareholders | |||||||
348 | 254 | 236 | 128 | 55 | -8 | -107 | -8 |