Vipshop Holdings Ltd Files 20-F Annual Report

TL;DR

<b>Vipshop Holdings Ltd has submitted its 2023 annual report on Form 20-F, detailing financial performance and company assets.</b>

AI Summary

Vipshop Holdings Ltd (VIPS) filed a Foreign Annual Report (20-F) with the SEC on April 18, 2024. Vipshop Holdings Ltd filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing includes financial data for the years 2021, 2022, and 2023. Key financial statement items such as revenue, net income, and EPS are reported. The company's business address is located at Vipshop Headquarters, 128 Dingxin Road, Haizhu District, Guangzhou, China. The filing details various intangible assets, tangible assets, and equity investments as of December 31, 2022.

Why It Matters

For investors and stakeholders tracking Vipshop Holdings Ltd, this filing contains several important signals. This filing provides a comprehensive overview of Vipshop's financial health and operational status for the past fiscal year, crucial for investors assessing the company's performance and future prospects. As a 20-F filing, it offers detailed information on the company's business, risk factors, and financial statements, which are essential for international investors and regulatory compliance.

Risk Assessment

Risk Level: medium — Vipshop Holdings Ltd shows moderate risk based on this filing. The company operates in the competitive online retail sector in China, facing risks related to market competition, regulatory changes, and economic conditions, as indicated by the nature of a 20-F filing for a company in this industry.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F filing to understand Vipshop's performance and potential challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period)
• 2022-12-31 — Prior Fiscal Year End (The end date of the previous reporting period)
• 2021-12-31 — Earlier Fiscal Year End (The end date of an earlier reporting period)

Key Players & Entities

• Vipshop Holdings Ltd (company) — Filer of the 20-F report
• 2024-04-18 (date) — Filing date of the 20-F report
• 2023-12-31 (date) — Fiscal year end for the reported period
• Guangzhou (location) — City of Vipshop's headquarters
• 128 Dingxin Road (address) — Street address of Vipshop's headquarters
• Haizhu District (location) — District of Vipshop's headquarters
• 510220 (postal_code) — Zip code of Vipshop's headquarters
• 86 (20) 2233-0000 (phone_number) — Business phone number for Vipshop

FAQ

Risk Factors

• Market Competition [medium — market]: The company faces intense competition in the online retail market, which could adversely affect its business and financial performance.
• Regulatory Environment [medium — regulatory]: Changes in Chinese laws and regulations related to e-commerce, data privacy, and consumer protection could impact operations.
• Logistics and Supply Chain [medium — operational]: Disruptions in logistics and supply chain operations could affect product delivery and customer satisfaction.

Key Dates

• 2024-04-18: Filing of Form 20-F — Annual report submission for fiscal year 2023
• 2023-12-31: Fiscal Year End — End of the reporting period for financial statements

Key Financial Figures

• $0.0001 — .2 Class A ordinary shares, par value US$0.0001 per share VIPS New York Stock Exchan
• $1 — s were made at a rate of RMB7.0999 to US$1.00, which was the exchange rate in effe

Filing Documents

• d276706d20f.htm (20-F) — 4078KB
• d276706dex45.htm (EX-4.5) — 56KB
• d276706dex46.htm (EX-4.6) — 90KB
• d276706dex47.htm (EX-4.7) — 83KB
• d276706dex48.htm (EX-4.8) — 11KB
• d276706dex49.htm (EX-4.9) — 67KB
• d276706dex410.htm (EX-4.10) — 8KB
• d276706dex414.htm (EX-4.14) — 30KB
• d276706dex81.htm (EX-8.1) — 8KB
• d276706dex121.htm (EX-12.1) — 10KB
• d276706dex122.htm (EX-12.2) — 10KB
• d276706dex131.htm (EX-13.1) — 3KB
• d276706dex132.htm (EX-13.2) — 3KB
• d276706dex151.htm (EX-15.1) — 2KB
• d276706dex152.htm (EX-15.2) — 4KB
• d276706dex153.htm (EX-15.3) — 4KB
• d276706dex97.htm (EX-97) — 24KB
• g276706g31n01.jpg (GRAPHIC) — 99KB
• g276706g34g34.jpg (GRAPHIC) — 301KB
• g276706g39n01.jpg (GRAPHIC) — 168KB
• g276706img1.jpg (GRAPHIC) — 6KB
• g276706img2.jpg (GRAPHIC) — 16KB
• g276706nimg1.jpg (GRAPHIC) — 22KB
• g276706nimg2.jpg (GRAPHIC) — 8KB
• g276706nimg3.jpg (GRAPHIC) — 19KB
• 0001193125-24-100774.txt (&nbsp;) — 17752KB
• vips-20231231.xsd (EX-101.SCH) — 108KB
• vips-20231231_cal.xml (EX-101.CAL) — 105KB
• vips-20231231_def.xml (EX-101.DEF) — 537KB
• vips-20231231_lab.xml (EX-101.LAB) — 849KB
• vips-20231231_pre.xml (EX-101.PRE) — 709KB
• d276706d20f_htm.xml (XML) — 2614KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 152 ITEM12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 153 PART II 155 ITEM13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 155 ITEM14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 155 ITEM15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 155 ITEM16. [RESERVED] 156 ITEM16A. AUDIT COMMITTEE FINANCIAL EXPERT 156 ITEM16B. CODE OF ETHICS 156 ITEM16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 157 ITEM16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 158 ITEM16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 158 ITEM16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 159 ITEM16G. CORPORATE GOVERNANCE 159 ITEM16H. MINE SAFETY DISCLOSURE 159 ITEM16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 159 ITEM16J. INSIDER TRADING POLICIES 159 ITEM16K. CYBERSECURITY 159 PART III 161 ITEM17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 161 ITEM18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 161 ITEM19. EXHIBITS 161

SIGNATURES

SIGNATURES 164 i Table of Contents INTRODUCTION In this annual report, unless otherwise indicated or unless the context otherwise requires: "active customers" refers to registered members who have purchased from our online sales business or our online marketplace platforms, excluding those who made their purchases from our online stores operated at third-party platforms, at least once during the given period; "ADSs" refers to the American depositary shares, each of which represents 0.2 Class A ordinary shares of our company, par value US$0.0001 per share; "China" or "PRC" refers to the People's Republic of China, and, unless the context requires otherwise and solely for the purpose of this annual report such as describing legal or tax matters, authorities, entities, or persons, excludes Hong Kong S.A.R., Macao S.A.R., and Taiwan region of the People's Republic of China; "GMV" refers to gross merchandise value, the total Renminbi value of all products and services sold through our online sales business, online marketplace platform, Shan Shan Outlets, and other offline stores during the given period, including our websites and mobile apps, third-party websites and mobile apps, Shan Shan Outlets, and other offline stores, which were fulfilled by either our company or our third-party merchants, regardless of whether or not the goods were delivered or returned. GMV includes shipping charges paid by buyers to sellers. For prudent considerations, we do not consider products or services to be sold if the orders were placed and canceled pre-shipment and only included orders that left our or other third-party vendors' warehouses; a "registered member" refers to any consumer who has registered and created an account with us; "Renminbi" or "RMB" refers to the legal currency of China; "repeat customers" refers to, for a given period, any customer who (i) is an active customer during such period, and (ii) had purchased products from us or our online market

View Full Filing

View this 20-F filing on SEC EDGAR