Vision - Alibaba
Vision - Alibaba
Vision - Alibaba
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26 Annual Report 2007<br />
The following table presents, for the years indicated, the amounts and percentages of revenue of the major line items<br />
in our consolidated income statement:<br />
Year ended December 31,<br />
2007 2006<br />
RMB’000 % of revenue RMB’000 % of revenue<br />
Revenue 2,162,757 100.0% 1,363,862 100.0%<br />
Cost of revenue (280,113) (13.0) (237,625) (17.4)<br />
Operating expenses (1,098,176) (50.7) (875,653) (64.2)<br />
Other operating income 19,877 0.9 17,912 1.3<br />
Profi t from operations 804,345 37.2 268,496 19.7<br />
Finance income, net 345,099 16.0 22,892 1.7<br />
Income tax charges (181,649) (8.4) (71,450) (5.3)<br />
Profi t attributable to equity owners 967,795 44.8% 219,938 16.1%<br />
Share-based compensation expense 152,077 7.0% 113,904 8.4%<br />
Profi t attributable to equity owners before<br />
share-based compensation expense 1,119,872 51.8% 333,842 24.5%<br />
Earnings per share (HK$) 20.41 cents 4.46 cents<br />
Our Results<br />
Basis of preparation<br />
We completed a reorganization with <strong>Alibaba</strong> Group<br />
in 2007. Pursuant to this reorganization, assets and<br />
liabilities comprising <strong>Alibaba</strong> Group’s B2B business<br />
were transferred to us. This reorganization was<br />
accounted for as a reorganization of business under<br />
common control, in a manner similar to a pooling-ofinterests.<br />
The assets and liabilities transferred to us<br />
have been stated at <strong>Alibaba</strong> Group’s historical carrying<br />
amounts. Our consolidated fi nancial statements have<br />
Ms. Jerry Hoe<br />
Guangdong Gemake Electric Appliance Co., Ltd.<br />
China<br />
“We thank<br />
<strong>Alibaba</strong>.com for<br />
making our dreams<br />
come true!”<br />
been prepared as if we and our current corporate<br />
structure had been in existence at all dates and during<br />
the years presented.<br />
Although our fi nancial statements for the year ended<br />
December 31, 2006 did not include the revenue of<br />
<strong>Alibaba</strong> Group that was not related to the B2B business,<br />
they included expenses of <strong>Alibaba</strong> Group not related<br />
to the B2B business. These expenses were primarily<br />
related to certain marketing and administrative services<br />
provided to other businesses controlled by <strong>Alibaba</strong><br />
Group.<br />
“Nowadays, I do not<br />
attend tradeshows anymore<br />
because we not only<br />
find business, but also<br />
understand the overseas<br />
market on <strong>Alibaba</strong>.com.”<br />
Mr. Sparkle Zhao<br />
Zhejiang Cifu Chemical Fiber Group Co., Ltd<br />
China