Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to CTOnews.com news on November 16, Alibaba today released its financial report for the second quarter of fiscal year 2024 ending September 30, 2023: revenue was 224.79 billion yuan, up 9% from the same period last year. The net profit was 26.696 billion yuan, compared with a net loss of 22.467 billion yuan in the same period last year, while the net profit of Non-GAAP was 40.188 billion yuan, up 19% from the same period last year. Among them, Ant Group contributed 846 million US dollars in profits to Alibaba in the second fiscal quarter.

In the quarter ended September 30, local life group revenue rose 16% year-on-year to 15.564 billion yuan ($2.133 billion), driven by strong growth in ele.me and Gaud business. In the quarter, local life group orders increased by nearly 20% compared with the same period last year. Thanks to improved user acquisition and retention, as well as increased user demand, local life group's annual active consumers continued to grow quarter-on-quarter in the 12 months ended September 30. The group's losses continued to narrow in the quarter, driven by improved overall business size and efficiency.

Cainiao's revenue rose 25 per cent year-on-year to 22.823 billion yuan ($3.128 billion) in the quarter ended September 30, mainly driven by revenue from cross-border logistics compliance solutions.

Cloud Intelligent Group's revenue for the quarter ended September 30 was 27.648 billion yuan ($3.789 billion), up 2% from a year earlier. The company continues to improve the quality of revenue by reducing project-based contract revenue from low profit margins. At the same time, revenue from public cloud products and services grew in the quarter, leading to the optimization of profitability.

In the quarter ended September 30, the revenue of Dayu Entertainment Group was 5.779 billion yuan (US $792 million), an increase of 11% over the same period last year, mainly driven by strong revenue growth in the offline entertainment businesses of Barley and Ali Pictures, as well as Youku subscription revenue growth, partly offset by a decline in Youku advertising revenue.

In the quarter ended September 30, the International Digital Commerce Group had revenue of 24.511 billion yuan (US $3.36 billion), up 53% from a year earlier. Of this total, revenue from the international commercial retail business was 18.978 billion yuan ($2.602 billion), an increase of 73 per cent over the same period last year. Revenue from the international commercial wholesale business was 5.533 billion yuan ($758 million), up 9% from a year earlier.

As of September 30, 17 nailing product lines have been fully integrated into the large model. Nailing also opens its intelligent base AIPaaS to customers and ecosystem partners to help ecosystem participants reshape their products.

In the quarter ended September 30, the company repurchased approximately 18.6 million American depositary shares (equivalent to 148.4 million common shares) for approximately $1.7 billion under the company's share repurchase program. As of September 30, we had approximately 20.3 billion common shares in circulation (equivalent to 2.5 billion American depositary shares), a decrease of 138.9 million common shares (equivalent to approximately 17.4 million American depositary shares) compared with the previous quarter. There is still a $14.6 billion repurchase limit under the current share repurchase program authorized by the board of directors, valid until March 2025.

Taobao and Tmall earned 97.654 billion yuan ($13.385 billion) in revenue, up 4% from a year earlier. Of this total, revenue from China's commercial retail business was 92.56 billion yuan ($12.687 billion), up 3 per cent from a year earlier. Of this total, revenue from consumer management increased by 3% compared with the same period last year. Direct sales and other revenues were 23.899 billion yuan ($3.276 billion), up 6 per cent from a year earlier. Revenue from China's commercial wholesale business was 5.094 billion yuan ($698 million), up 18% from a year earlier.

Alibaba financial report pointed out that in October, the United States expanded its export control rules, further restricting the export of advanced computing chips and semiconductor manufacturing equipment to China. The company believes that these new restrictions may have a significant adverse impact on the Cloud Intelligence Group's ability to provide products and services and to fulfill existing contracts, thereby adversely affecting our operating results and financial position. These new restrictions may also have a broader impact on many of our related businesses, limiting the company's ability to upgrade technology.

Alibaba announced on November 16 that the Board of Directors has approved the payment of annual cash dividends for fiscal year 2023 to holders of ordinary shares and American depositary shares registered at the close of business on December 21, Hong Kong time and New York time, the amount is US $0.125 per ordinary share or US $1 per American depositary share, respectively. The total dividend is about $2.5 billion.

As of September 30, Alibaba had a total of 225000 employees and 228700 as of June 30, a reduction of 3720 employees in a single quarter.

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