On the evening of December 22, Alibaba released its interim report for fiscal year 2024 (the reporting period is the six months ended September 2023, hereinafter referred to as the "financial report"). The company achieved revenue of 4589 during the reporting period$4.6 billion, up 11% year-over-year, and adjusted EBITA up 25% year-over-year to 8821.6 billion yuan, operating profit increased by 52% year-on-year to 7607.4 billion yuan.
Among them, Taotian Group's revenue increased by 8% year-on-year;The overall orders of Alibaba International Retail Commerce grew strongly year-on-year, driving the overall revenue of International Retail Commerce to increase by 66%. Cainiao Group's revenue increased by 29% in the reporting period, driven by the dual growth of cross-border logistics fulfillment revenue and domestic consumer logistics service revenue, and achieved an adjusted EBITA of 17$8.3 billion.
During the period, Alibaba Cloud's adjusted EBITA grew 26% year-over-year. On December 22, the results of China's first official "Large Model Standard Compliance Evaluation" were announced. Alibaba Cloud Tongyi Qianwen has become one of the first four domestic large models to pass the evaluation, and has met the requirements of relevant national standards in terms of versatility and intelligence.
During the same period, Alibaba's local life group revenue increased by 22%, and the revenue of Dawen Entertainment Group increased by 21%.
According to the financial report, in the six months ended in September, Alibaba's net cash flow from operating activities was 945$3.7 billion, with free cash flow of 8430.9 billion yuan, a year-on-year increase of 46%.
Barron's announced the list of top 10 stocks in 2024, including Alibaba and describing it as "one of the lowest-cost technology stocks in the world."
UBS and Goldman Sachs both said that China's current valuation is already at a very attractive level, and valuation repair is one of the important drivers of China's ** in 2024. Both major banks have named Alibaba as one of the top stocks in China's Internet e-commerce sector in 2024.
Many investors use options and other tools to "** Ali." According to the data, the trading volume of Ali options has skyrocketed in the short term, with more than 610,000 daily transactions on December 19, and the proportion of rising options is as high as 918%, reflecting the general perception of the market that Ali is undervalued.
Recently, Alibaba announced its first annual dividend of approximately US$2.5 billion, further enhancing shareholder returns.
*: Reading and Entrepreneurship Finance.
Editor: Xiaoya.