Sina Science and Technology News on the evening of February 2, Beijing time, BABA(NYSE:BABA) today released its financial results for the third quarter of fiscal year 2021 ended December 31, 2012. revenue was 221.084 billion yuan ($33.883 billion), up 37 percent from the same period last year. Net profit was 77.977 billion yuan ($11.95 billion), up 56% from 50.132 billion yuan a year earlier. Excluding GAAP, net profit was 59.207 billion yuan ($9.074 billion), up 27% from 46.493 billion yuan a year earlier.

Summary of third quarter results:

Revenue was 221.084 billion yuan ($33.883 billion), up 37% from a year earlier.

The number of annual active users in China's retail market is 779 million, an increase of 22 million compared with the number of annual active users as of September 30, 2020.

China's retail market mobile MAU (the number of monthly active users) reached 902 million in December 2020, an increase of 21 million over September 2020.

Operating profit was 49.002 billion yuan ($7.51 billion), up 24% from a year earlier.

Without GAAP, adjusted earnings before tax, interest, depreciation and amortisation (EBITDA) was 68.38 billion yuan ($10.48 billion), up 22% from a year earlier.

The net profit attributable to common shareholders is 79.427 billion yuan ($12.173 billion). The net profit is 77.977 billion yuan ($11.95 billion). Excluding GAAP, net profit was 59.207 billion yuan ($9.074 billion), up 27% from a year earlier.

Diluted earnings per American depositary share (ADS) was 28.85 yuan ($4.42), while diluted earnings per ADS, excluding GAAP, was 22.03 yuan ($3.38), up 21% from a year earlier.

Diluted earnings per common share of 3.61 yuan (US $0.55; 4.29 Hong Kong dollars), excluding US GAAP, 2.75 yuan (US $0.42; 3.27 Hong Kong dollars) per common share, up 21% from a year earlier.

Net cash generated from operating activities is 103.208 billion yuan ($15.817 billion). Without GAAP, the free cash flow is 96.21 billion yuan ($14.745 billion).

Third quarter results Analysis:

Revenue was 221.084 billion yuan ($33.883 billion), up 37% from 161.456 billion yuan a year earlier.

Revenue from China's commercial retail business was 153.679 billion yuan ($23.552 billion), up 39% from 110.458 billion yuan a year earlier.

Revenue from China's commercial wholesale business was 3.831 billion yuan ($587 million), up 14% from 3.365 billion yuan a year earlier.

Revenue from the international commercial retail business was 10.158 billion yuan ($1.557 billion), up 37% from 7.396 billion yuan a year earlier.

Revenue from the international commercial wholesale business was 3.762 billion yuan ($577 million), up 53% from 2.457 billion yuan a year earlier.

Revenue from Cainiao logistics services was 11.36 billion yuan ($1.741 billion), up 51 per cent from a year earlier. Revenue from local consumer services was 8.348 billion yuan ($1.279 billion), up 10% from a year earlier.

Revenue from the cloud computing business was 16.115 billion yuan ($2.47 billion), up 50 per cent from a year earlier. Revenue from the digital media and entertainment business was 8.079 billion yuan ($1.238 billion), up 1 per cent from a year earlier. Revenue from innovation strategies and other sources was 1.349 billion yuan ($207 million), up 9% from a year earlier.

The cost of revenue is 121.268 billion yuan ($18.585 billion), accounting for 55% of revenue. In the same period last year, the revenue cost was 84.332 billion yuan, accounting for 52% of the revenue.

Spending on product development is 13.607 billion yuan ($2.086 billion), accounting for 6 per cent of revenue. In the same period last year, product development expenditure was 11.077 billion yuan, accounting for 7% of revenue.

Sales and marketing expenses were 25.342 billion yuan ($3.884 billion), accounting for 11% of revenue. In the same period last year, sales and marketing expenditure was 15.8 billion yuan, accounting for 9 per cent of revenue.

General and administrative expenses are 8.692 billion yuan ($1.332 billion), accounting for 4 per cent of revenue. In the same period last year, product development expenditure was 7.415 billion yuan, accounting for 5% of revenue.

Equity incentive spending was 9.079 billion yuan ($1.391 billion), up 16% from 7.83 billion yuan a year earlier. Equity incentive expenses accounted for 4% of revenue, the same as the same period last year.

The amortization of intangible assets is 3.172 billion yuan ($486 million), down 3% from 3.272 billion yuan a year earlier.

Operating profit was 49.002 billion yuan ($7.51 billion), accounting for 22% of revenue, up 24% from a year earlier. In the same period last year, operating profit was 39.56 billion yuan, accounting for 25 per cent of revenue.

Without GAAP, adjusted earnings before tax, interest, depreciation and amortisation (EBITDA) was 68.38 billion yuan ($10.48 billion), up 22% from a year earlier.

Interest and investment income was 40.036 billion yuan ($6.135 billion), compared with 17.136 billion yuan in the same period last year.

Other income was 2.826 billion yuan ($433 million), compared with 987 million yuan a year earlier.

Income tax expenses were 9.194 billion yuan ($1.409 billion), compared with 8.407 billion yuan a year earlier. The effective tax rate is 10%, compared with 15% in the same period last year.

Net profit was 77.977 billion yuan ($11.95 billion), up 56% from 50.132 billion yuan a year earlier.

Excluding GAAP, net profit was 59.207 billion yuan ($9.074 billion), up 27% from 46.493 billion yuan a year earlier.

Net profit attributable to common shareholders was 79.427 billion yuan ($12.173 billion), up 52% from 52.309 billion yuan a year earlier.

Diluted earnings per American depositary share (ADS) was 28.85 yuan ($4.42), while diluted earnings per ADS, excluding GAAP, was 22.03 yuan ($3.38), up 21% from a year earlier.

Diluted earnings per common share of 3.61 yuan (US $0.55; 4.29 Hong Kong dollars), excluding US GAAP, 2.75 yuan (US $0.42; 3.27 Hong Kong dollars) per common share, up 21% from a year earlier.

As of December 31, 2020, the total amount of cash, cash equivalents and short-term investments held by BABA Group was 456.314 billion yuan ($69.933 billion), compared with 405.912 billion yuan as of September 30, 2020.

Net cash generated from operating activities was 103.208 billion yuan ($15.817 billion), up 7 per cent from a year earlier. Without GAAP, free cash flow was 96.21 billion yuan ($14.745 billion), up 23% from a year earlier.

As of December 31, 2020, BABA had 252084 employees, compared with 122399 as of September 30, 2020.

Conference call:

BABA's management team will hold an earnings call on February 2 at 07:30 est (08:30 Beijing / Hong Kong time). The telephone numbers for listening to the conference call are as follows:

International: + 65 6713 5330

United States: + 1 347 549 4094

UK: + 44 203 713 5084

Hong Kong, China: + 852 3018 8307

Mainland China (fixed line): 800820 2079

Mainland China (Mobile phone): 400820 6895

Conference ID:4649348 (English)

Conference ID:1047169 (simultaneous interpretation in Chinese, listening only)

In addition, the investor relations channel https://www.alibabagroup.com/en/ir/earnings of BABA's website will broadcast the teleconference live and provide audio recordings.