The miracle of the town youth.

Editor’s note: This article is from WeChat public account “Financial report company” ( ID: caibaokan kind of 2018).

The sinking market has awakened the second spring of Alibaba and Jingdong, creating a miracle that has been listed for more than three years.

On August 15, Alibaba released its first quarter financial report for the fiscal year ending in 2020, with revenue of 114.92 billion yuan and market expectation of 111.59 billion yuan, a year-on-year increase of 42%. Non-GAAP net profit was 30.949 billion yuan, a year-on-year increase of 54%, higher than the market expectation of 25.31 billion yuan, a record high.

Two days ago, released its second quarter earnings report for 2019, achieving net income of 150.3 billion yuan, an increase of 22.9% from 2018 Q2; non-GAAP net profit attributable to ordinary shareholders. It was 3.6 billion yuan, a year-on-year increase of 644%, which also set a record high.

The two major e-commerce giants hit a new high in net profit during the same period, and it was the first time in the history of Chinese e-commerce.

Ali Jingdong net profit is the first high at the same time, sinking the market to wake up the second spring of Chinese e-commerce

(The picture above shows Alibaba’s revenue and net profit for the past 3 years, drawing “financial report company”, please indicate)

As shown in the figure, since 2017, although Alibaba’s revenue has climbed all the way, the net profit margin has dropped from a maximum of 40.1% to a minimum of 21.5%, and this quarter has rebounded to 26.9%.

Because of the substantial growth, in the core retail business of the two financial reports, the most frequent occurrence is the word “sinking market”.

“There is money and leisure”, the town youth is highly active

The online demographic dividend peaked, and China Mobile Internet monthly users fell for the first time. On July 23, market agency QuestMobile released a report saying that in the second quarter of 2019, compared with the first quarter, monthly active users fell by nearly 2 million.

The data released by the National Bureau of Statistics in June showed that the per capita disposable income of rural residents increased by 2018 compared with urban residences.