Vipshop releases its fourth quarter and full year performance for 2023. Benefiting from seasonal demand growth and the rise of rational consumption, Vipshop achieved a net revenue of 34.7 billion yuan (RMB) in the fourth quarter of 2023, a year-on-year increase of 9.2%; Non GAAP's net profit was 3.2 billion yuan, a year-on-year increase of 43.4%. The GMV in the fourth quarter was 66.4 billion yuan, a year-on-year increase of 21.9%; The number of active users was 48.5 million, a year-on-year increase of 2.3%; The number of orders was 234.3 million, a year-on-year increase of 7.2%.
In 2023, Vipshop achieved a net revenue of 112.9 billion yuan, a year-on-year increase of 9.4%; Non GAAP's net profit was 9.5 billion yuan, a year-on-year increase of 39.1%. Meanwhile, the annual GMV was 208 billion yuan, a year-on-year increase of 18.7%; The number of active users was 87.4 million, a year-on-year increase of 3.9%; The number of orders was 812.3 million, a year-on-year increase of 9.8%.
Meanwhile, the board of directors of Vipshop has approved the annual cash dividend policy. According to the dividend policy, the board of directors of the company will distribute annual dividends to shareholders registered after the market close on March 15, 2024, for the first time in the 2023 fiscal year, in the amount of $2.15 per ordinary share or $0.43 per American depositary share, with a total dividend amount of approximately $250 million.
Shen Ya, Chairman and CEO of Vipshop, said, "In 2023, we will deeply cultivate retail, embrace change, and constantly adjust. While continuing to implement the strategy of good goods and good prices, we will further deepen the user mentality of 'buy clothes first, come to Vipshop'. The company's business foundation has become more solid and has achieved performance beyond expectations. In the new year, we will continue to pragmatically, flexibly, and efficiently promote the company's long-term growth."