阿里巴巴-2020年第一季度及全年阿里集团财报PPT（英文）-2020.5-25页_1mb

Summary of Alibaba Group's March Quarter 2020 and Full Fiscal Year 2020 Results

Core Content

Alibaba Group reported its March Quarter 2020 and Full Fiscal Year 2020 results, highlighting strong revenue growth and a focus on digital transformation and social responsibility. The company emphasized its performance across core commerce, cloud computing, and digital media and entertainment segments, while also addressing the impact of the global pandemic on its operations.

Main Financial Highlights

March Quarter 2020

• Total Revenue: RMB114,314 million (US$16,144 million), up 22% YoY.
• Core Commerce Revenue: RMB93,865 million (US$13,256 million), up 19% YoY.
• Cloud Computing Revenue: RMB12,217 million (US$1,725 million), up 58% YoY.
• Digital Media and Entertainment Revenue: RMB5,944 million (US$840 million), up 5% YoY.
• Innovation Initiatives and Others Revenue: RMB2,288 million (US$323 million), up 90% YoY.

Adjusted EBITA

• Marketplace-based Core Commerce Adjusted EBITA: RMB28,126 million (US$3,972 million), up 2% YoY.
• Cloud Computing Adjusted EBITA: RMB(179) million (US$(25) million), a loss.
• Digital Media and Entertainment Adjusted EBITA: RMB(3,378) million (US$(477) million), a loss.
• Innovation Initiatives and Others Adjusted EBITA: RMB(3,063) million (US$(433) million), a loss.
• Total Adjusted EBITA: RMB19,827 million (US$2,800 million), up 17% YoY.

Non-GAAP Metrics

• Non-GAAP Free Cash Flow: RMB19.8 Bn (US$2.8 Bn), up 22% YoY.
• Non-GAAP Net Income Attributable to Ordinary Shareholders: RMB25,100 million (US$3,546 million), up 12% YoY.

Annual Active Consumers (AAC)

• Global AAC: 960 million.
• China Retail Marketplaces AAC: 726 million.
• International AAC: 180 million (from Lazada and AliExpress).

Impact of the COVID-19 Pandemic

• China Retail Marketplaces:
  • Tmall online physical goods paid GMV grew 10% YoY.
  • Tmall FMCG and Consumer Electronics combined GMV grew 25% YoY.
  • Customer management and commission revenue grew only 1% YoY.
• Recovery Trend:
  • Tmall online physical goods paid GMV saw strong recovery in April.
  • Food delivery GMV growth turned positive in April as lockdowns eased.

Business Opportunities

• Core Commerce:
  • Accelerated merchant onboarding and increased adoption of Taobao Live.
  • Daily active merchants on Taobao Live grew 88% YoY.
  • Online grocery penetration increased with Freshippo.
  • Over 60% of Freshippo's GMV came from online purchases, up 10 percentage points YoY.
• Cloud Computing & Innovation:
  • Alibaba Cloud saw rapid growth driven by public and hybrid cloud businesses.
  • DingTalk reached 155 million average daily active users on workdays in March 2020.
  • Conducted over one million active classroom sessions daily.

Social Responsibility

• Donations: Over 200 million units of PPE and medical equipment donated to 150+ countries.
• Medical Supplies Delivery: Cainiao logistics delivered supplies globally.
• Knowledge Sharing: Launched the Global MediXchange for medical professionals.
• Employee Support: Employee-sharing initiatives for furloughed workers in impacted sectors.

Full Fiscal Year 2020

Financial Highlights

• Total Revenue: RMB509,711 million (US$71,985 million), up 35% YoY.
• GMV: Over US$1 trillion, including China retail marketplaces (RMB6,589 billion), international retail marketplaces, and local consumer services.
• Strong Profitability and Cash Flow: Non-GAAP free cash flow reached RMB130.9 Bn (US$18.5 Bn), up 25% YoY.
• Core Commerce Adjusted EBITA: RMB130.9 Bn (US$18.5 Bn), up 28% YoY.
• Cloud Computing Revenue: RMB40,016 million (US$5,651 million), up 62% YoY.
• Digital Media and Entertainment Revenue: RMB26,948 million (US$3,806 million), up 12% YoY.
• Innovation Initiatives and Others Revenue: RMB6,643 million (US$938 million), up 42% YoY.

Segment Reporting

• Core Commerce Revenue: RMB436,104 million (US$61,590 million), up 35% YoY.
• Cloud Computing Revenue: RMB40,016 million (US$5,651 million), up 62% YoY.
• Digital Media and Entertainment Revenue: RMB26,948 million (US$3,806 million), up 12% YoY.
• Innovation Initiatives and Others Revenue: RMB6,643 million (US$938 million), up 42% YoY.

Key Financial Metrics

• Free Cash Flow: RMB130,914 million (US$18,489 million) for FY2020, up 25% YoY.
• Net Cash Provided by Operating Activities: RMB180,607 million (US$25,507 million), up 20% YoY.
• Share of Profit from Equity Investees: RMB3,545 million (US$500 million), up 330% YoY due to increased stake in Ant Financial.

Notes on Financial Measures

• The document includes non-GAAP financial measures, which are not recognized under GAAP.
• Forward-looking statements are included, with associated risks and uncertainties.
• All financial figures are presented in RMB and converted to US$ using the exchange rate of RMB7.0808 to US$1.00 on March 31, 2020.

Conclusion

Alibaba Group demonstrated resilience and growth in FY2020, despite the challenges posed by the pandemic. The company's core commerce and cloud computing segments drove significant revenue increases, while it also made notable contributions to global health and social responsibility efforts. The financial performance underscores the company's strategic focus on digital transformation and innovation.