Vipshop released its financial report for the third quarter of 2023 on the 14th. The company achieved a net revenue of 22.8 billion yuan in the quarter, a year-on-year increase of 5.3%; The net profit (non US accounting standards) was 1.8 billion yuan, a year-on-year increase of 15.5%.
According to financial report data, in the third quarter, Vipshop's GMV (total commodity trading volume) was 42.5 billion yuan, a year-on-year increase of 13.1%. During the quarter, the number of customized products on the platform increased month by month by strengthening brand cooperation. Recently, the platform has further increased the supply of customized products for warm clothing.
In terms of user data, Vipshop's active users reached 42.5 million in the third quarter, a year-on-year increase of 3.5%; The number of orders was 179.9 million, a year-on-year increase of 6.9%.
As of the end of the third quarter, the number of active users of Vipshop SVIP has increased by 17% year-on-year, and has maintained growth for multiple consecutive quarters; At the same time, SVIP active users contribute about 45% of online consumption, and the per capita consumption continues to grow.