Annual Report 2009 - Alibaba

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Financial and Operational Highlights Strong Revenue Growth to RMB 3,875 Million 02 Alibaba.com Limited Annual Report 2009 Profi t Attributable to Equity Owners Reached RMB 1,013 Million More than 47 Million More than Registered Users Storefronts Total registered users (’000) 50,000 40,000 30,000 20,000 10,000 0 International marketplace China marketplace Total storefronts (’000) 7,000 6,000 5,000 4,000 3,000 2,000 1,000 Basic Earnings Per Share Reached HK$ 22.81 Cents More than 6.8 Million 615,000 Total paying members (’000) Paying Members Recurring free cash fl ow 1 (RMB’ million) 0 0 0 05 06 07 08 09 05 06 07 08 09 05 06 07 08 09 05 06 07 08 09 International marketplace China marketplace 700 600 500 400 300 200 100 International I marketplace China C marketplace 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200
Financial Highlights 2009 2008 Change RMB million RMB million (Restated) 2 Revenue 3,874.7 3,004.1 +29% Profi t from operations 1,073.0 1,141.7 –6% Profi t attributable to equity owners 1,013.0 1,154.5 –12% Share-based compensation expense 200.4 182.0 +10% Deferred revenue and customer advances 3,437.0 2,294.4 +50% Recurring free cash fl ow 1,816.2 1,465.9 +24% Earnings per share, basic (HK$) 22.81 cents 25.61 cents -11% Earnings per share, diluted (HK$) 22.63 cents 25.58 cents -12% Operational Highlights 2009 2008 Change Registered users 47,732,916 38,075,335 +25% International marketplace 11,578,247 7,914,630 +46% China marketplace 36,154,669 30,160,705 +20% Storefronts 6,819,984 4,614,250 +48% International marketplace 1,400,326 965,747 +45% China marketplace 5,419,658 3,648,503 +49% Paying members 615,212 432,031 +42% China Gold Supplier 96,110 43,028 +123% Global Gold Supplier 17,786 16,136 +10% China TrustPass 501,316 372,867 +34% Note: Revenue (RMB’ million) 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 International I marketplace China C marketplace Profi t attributable to equity owners (RMB’ million) 1,400 1,200 1,000 800 600 400 200 Recurring operating profi t 3 (RMB’ million) Recurring operating profi t margin Recurring R operating profi t (%) Deferred revenue and customer advances 4 (RMB’ million) 0 0 0 0 05 06 07 08 09 05 06 07 08 09 05 06 07 08 09 05 06 07 08 09 1 Recurring free cash fl ow represents net cash fl ow generated from operating activities as presented in our consolidated cash fl ow statement less purchase of property and equipment and excludes non-recurring payments and receipts, like one-off tax refund in 2009. This fi nancial metric is not a measure of fi nancial performance under International Financial Reporting Standards (“IFRS”), but we consider it an important fi nancial measure. 2 Certain comparative fi gures have been restated pursuant to the business combination under common control upon acquisition of the business management software division of Alisoft. 3 Recurring operating profi t represents profi t from operations as presented in our consolidated income statement excluding share-based compensation expense and one-off income and expenditures for all years, such as expenses relating to non-B2B business in 2005 and 2006. This fi nancial metric is not a measure of fi nancial performance under IFRS, but we consider it an important fi nancial measure. 4 Deferred revenue and customer advances exclude amounts arising from the acquisition of equity interests in HiChina. 1,500 1,200 900 600 300 50 40 30 20 10 3,500 3,000 2,500 2,000 1,500 1,000 500 03
Page 3: Contents 02 Financial and Operation
Page 7 and 8: 4 August Signed multiple agreements
Page 9 and 10: Organization(s) Fast Company magazi
Page 11 and 12: LEGAL ADVISORS Freshfields Bruckhau
Page 13 and 14: HIGH QUALITY We have pledged to mak
Page 15 and 16: Dear Alibaba.com shareholders, Happ
Page 17 and 18: Dear Alibaba.com shareholders, When
Page 19 and 20: PEOPLE DEVELOPMENT In addition to o
Page 21 and 22: Global REACH We added 9.7 million r
Page 23 and 24: Management Discussion and Analysis
Page 25 and 26: Always Accessible The Alibaba.com p
Page 27 and 28: China Gold Supplier Gold Supplier S
Page 29 and 30: online through Alibaba.com’s whol
Page 31 and 32: We generate revenue primarily from
Page 33 and 34: The following table presents a brea
Page 35 and 36: Share-based compensation expense Th
Page 37 and 38: Net cash used in fi nancing activit
Page 39 and 40: Trust Trust is the cornerstone of e
Page 41 and 42: CHAIRMAN MA Yun, Jack, 45, is our c
Page 43 and 44: people officer of Alibaba Group in
Page 45 and 46: DEVELOPMENT OF COMPANY CULTURE Alib
Page 47 and 48: Passion Alibaba.com’s culture nur
Page 49 and 50: To cultivate human capital for smal
Page 51 and 52: 3. Volunteers from Alibaba.com visi
Page 53 and 54: CORPORATE GOVERNANCE REPORT CORPORA
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CORPORATE GOVERNANCE FRAMEWORK Alib
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Key principles/provisions/ practice
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DIRECTORS’ REPORT Our directors a
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DIRECTORS’ SERVICE CONTRACTS None
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2. Long positions in shares and und
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DIRECTORS’ REPORT Particulars and
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DIRECTORS’ REPORT (vi) Minimum pe
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DIRECTORS’ REPORT (5) The weighte
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The above arrangements, which we ca
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The commission fees and revenue sha
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7. New framework agreements for con
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Consolidated Income Statement For t
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Consolidated Balance Sheet As of De
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Balance Sheet As of December 31, 20
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Consolidated Statement of Changes i
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Consolidated Cash Flow Statement Fo
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Notes to the Financial Statements F
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21 PREPAYMENTS, DEPOSITS AND OTHER
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24 SHARE CAPITAL Equivalent Number
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27 SHARE-BASED COMPENSATION The Gro
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27 SHARE-BASED COMPENSATION (Contin
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31 DEFERRED TAX ASSETS AND LIABILIT
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33 CONTINGENCIES As of December 31,
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35 RELATED PARTY TRANSACTIONS (Cont
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36 BUSINESS COMBINATION UNDER COMMO
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Annual Report 2009 - Alibaba

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