)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Vipshop (VIPS) investor relations material
Vipshop Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary14 Aug, 2025
Executive summary
Achieved stabilization in business with total GMV returning to growth, led by apparel category strength and merchandising adjustments; GMV grew 1.7% year-over-year to RMB51.4 billion, with Super VIP members driving growth.
Maintains leadership as China's top online discount retailer, focusing on value-for-money, customer loyalty, and operational excellence.
Enhanced merchandising strategy added nearly 500 brands in H1 and expanded physical footprint to supplement digital presence.
Continued investment in AI and ESG, aiming for carbon neutrality by 2030 and recognized with an "AA" MSCI ESG rating.
Active customer base showed recovery in some segments, but total active customers declined to 43.5 million; SVIP membership grew 15% year-over-year.
Financial highlights
Total net revenues for Q2 2025 were RMB25.8 billion, down from RMB26.9 billion year-over-year; FY2024 revenues were RMB108.4 billion, down 3.9%.
Gross profit for Q2 2025 was RMB6.1 billion; gross margin held at 23.5%–23.6%.
Net income attributable to shareholders was RMB1.5 billion, down from RMB1.9 billion year-over-year.
Non-GAAP net income for Q2 2025 was RMB2.1 billion; non-GAAP net margin at 8%–8.1%.
Cash, cash equivalents, and restricted cash totaled RMB24.7–27.7 billion as of June 30, 2025.
Outlook and guidance
Q3 2025 net revenue guidance set at RMB20.7–21.7 billion, representing 0% to 5% year-over-year growth.
Management confident in maintaining and accelerating growth, citing organizational and merchandising improvements.
Plans to solidify market leadership by enhancing merchandising, growing customer base, and expanding offline presence.
Aims for sustainable, quality growth in customers and revenue while maintaining profitability.
No material base effect expected for Q3; Q4 also expected to see positive top-line growth.
Assess impact of merchandising strategy shifts.
Elaborate on Shan Shan Outlet's revenue trends.
Explain the jump in share buyback in Q2 2025.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Vipshop earnings date
Q3 202518 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Vipshop Holdings Limited, operates as an online discount retailer for various brands in the People's Republic of China. The company offers a range of branded products, including women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas and robes; men's apparel consisting of casual and smart-casual T-shirts, polo shirts and vest tops; women and men shoes; and accessories that include belts, fashionable jewelry and watches for women and men. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, China.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage