On the evening of August fourth $Alibaba (BABA.US)$Announced the results of the second quarter of this year (fiscal year 2023 Q1).
As one of the most closely watched Chinese stocks, the market has made numerous deductions about BABA's performance and prepared for the worst. BABA's revenue is generally expected to decline for the first time in history compared with the same period last year.
After the announcement of the actual performanceBABA's performance in the second quarter exceeded market expectations, and both revenue and net profit were not as pessimistic as the market imagined.
Performance is good + before the dual major listing of the good, BABA's share price should be injected a shot in the arm, but BABA's share price did not soar, how is this going on?When can the Chinese stocks represented by BABA get out of the bottom?? Let's talk about it.
01 both revenue and profit exceeded expectations. BABA's share price rose and fell back.
In the second quarter of this year, BABA's revenue was 205.56 billion yuan, basically the same as last year, slightly exceeding market expectations of 203.97 billion. The net profit of homing was 22.74 billion, a sharp drop of 50% compared with the same period last year.However, it significantly exceeded market expectations by 18.12 billion. The earnings per share was 11.73 yuan, exceeding the market expectation of 10.39 yuan.
For the sharp decline in profits, BABA said it was mainly due to the epidemic.From April to May this year, due to the interruption of logistics, online shopping orders dropped significantly, BABA's higher profit margin customer management income fell.