Vision - Alibaba

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26 Annual Report 2007 The following table presents, for the years indicated, the amounts and percentages of revenue of the major line items in our consolidated income statement: Year ended December 31, 2007 2006 RMB’000 % of revenue RMB’000 % of revenue Revenue 2,162,757 100.0% 1,363,862 100.0% Cost of revenue (280,113) (13.0) (237,625) (17.4) Operating expenses (1,098,176) (50.7) (875,653) (64.2) Other operating income 19,877 0.9 17,912 1.3 Profi t from operations 804,345 37.2 268,496 19.7 Finance income, net 345,099 16.0 22,892 1.7 Income tax charges (181,649) (8.4) (71,450) (5.3) Profi t attributable to equity owners 967,795 44.8% 219,938 16.1% Share-based compensation expense 152,077 7.0% 113,904 8.4% Profi t attributable to equity owners before share-based compensation expense 1,119,872 51.8% 333,842 24.5% Earnings per share (HK$) 20.41 cents 4.46 cents Our Results Basis of preparation We completed a reorganization with Alibaba Group in 2007. Pursuant to this reorganization, assets and liabilities comprising Alibaba Group’s B2B business were transferred to us. This reorganization was accounted for as a reorganization of business under common control, in a manner similar to a pooling-ofinterests. The assets and liabilities transferred to us have been stated at Alibaba Group’s historical carrying amounts. Our consolidated fi nancial statements have Ms. Jerry Hoe Guangdong Gemake Electric Appliance Co., Ltd. China “We thank Alibaba.com for making our dreams come true!” been prepared as if we and our current corporate structure had been in existence at all dates and during the years presented. Although our fi nancial statements for the year ended December 31, 2006 did not include the revenue of Alibaba Group that was not related to the B2B business, they included expenses of Alibaba Group not related to the B2B business. These expenses were primarily related to certain marketing and administrative services provided to other businesses controlled by Alibaba Group. “Nowadays, I do not attend tradeshows anymore because we not only find business, but also understand the overseas market on Alibaba.com.” Mr. Sparkle Zhao Zhejiang Cifu Chemical Fiber Group Co., Ltd China
Management Discussion and Analysis The following table presents the breakdown of expenses of Alibaba Group that were not related to our B2B business but were included in our 2006 fi nancial results: Year ended December 31, 2007 2006 RMB’000 RMB’000 Sales and marketing expenses — 83,186 Product development expenses — 6,748 General and administrative expenses — 47,573 Total expenses not related to the B2B business — 137,507 Revenue The following table presents, for the years indicated, a breakdown of revenue as well as the percentage of revenue: Year ended December 31, 2007 2006 RMB’000 % of revenue RMB’000 % of revenue International marketplace Gold Supplier members 1,503,331 69.5% 967,858 71.0% International TrustPass members 32,825 1.5 24,011 1.7 Other revenue 11,539 0.6 — — Sub-total 1,547,695 71.6 991,869 72.7 China marketplace China TrustPass members 594,098 27.5 369,653 27.1 Other revenue 20,964 0.9 2,340 0.2 Sub-total 615,062 28.4 371,993 27.3 Total 2,162,757 100.0% 1,363,862 100.0% Mr. Mou-qing Li Wendi Electric Appliances Manufactures Plant Ltd. China “Alibaba.com helps a small company like ours do big business.” “We thought about e-commerce during the SARS outbreak in 2003, and got it started with Alibaba.com. Now our total online business volume has reached over RMB5 million.” Mr. Ting Li Shanghai Huading Technical Education Equipment Co., Ltd. China 27
Page 3 and 4: Financial and Operational Highlight
Page 5 and 6: orld’s leading nline marketplace
Page 7 and 8: CORPORATE HEADQUARTERS 6th Floor, C
Page 9 and 10: November Launched TradeManager inst
Page 11 and 12: Awards and Recognitions Awards and
Page 13 and 14: Global E-Commerce Leader Alibaba.co
Page 15 and 16: Along with other members of Alibaba
Page 17 and 18: 2007 Financial highlights We achiev
Page 19 and 20: CEO’s Statement This mission star
Page 21 and 22: Global Trade Starts Here Alibaba.co
Page 23 and 24: BUSINESS ENVIRONMENT Buoyant China
Page 25 and 26: International marketplace operating
Page 27 and 28: localize user services and facilita
Page 29: selling branded advertisements main
Page 33 and 34: provider and other related expenses
Page 35 and 36: expenses include a royalty fee paid
Page 37 and 38: Profi t attributable to equity owne
Page 39 and 40: such land to accommodate our growth
Page 41: Corporate Social Responsibility —
Page 45 and 46: Biographical Details of Directors a
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Corporate Governance Report INVESTO
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The Leading B2B E-Commerce Company
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Independent Auditor’s Report We b
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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 20
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