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阿里(09988.HK):冀2021財年阿里雲可轉盈 菜鳥經營現金流將轉正
阿思達克 09-30 09:54
阿里巴巴(09988.HK)首席財務官武衛指出,集團收入及盈利增長方面亦跑贏其他互聯網同業,而其平台對內地零售銷售貢獻亦龐大,用戶平均消費達9,000元人民幣(下同),當中高消費用戶(消費逾7,000元)達1.9億戶,而消費少於7,000元的客戶亦達5.5億戶。

她指出公司表現除了視乎商品交易額(GMV)外,公司亦有其他收入來源,公司旗下的阿里巴巴商業操作系統(ABOS)提供多種為商戶提升效率的業務,包括是營銷、品牌建立、新品推出、庫存管理等,而螞蟻則可為商戶提供金融服務,菜鳥則可提供物流服務等。她指出過往投資者關注公司的變現比率(Take Rate),而截至6月底相關比率升至4.5%,而2014年同期僅在2.5%的水平,強調變現比率提升並非因為公司收費增,而是平台為商戶提供了更多不同的服務。

她續指,現時公司核心業務有健康增長,而在發展中業務的虧損亦逐步收窄,目標阿里雲將在2021財年內轉盈,而菜鳥2021財年經營現金流將轉正。另外她在會上亦有分享這些業務的表現,以菜鳥為例其收入增長達到51%,而包裹量則增逾110%,餓了麼方面其年度活躍用戶達2.9億戶,而活躍商戶則達250萬戶。阿里雲方面,其收入增長達六成,而付費用戶亦逾300萬戶。

武衛指出,公司近年亦有不少的策略投資,包括是投資在高鑫零售(06808.HK)及小鵬汽車等,均為集團帶來了協同效應,而現時集團的策略投資估值達450億美元,認為投資者很多時候未有計及公司各業務的增長等,估計這些將是集團強勁的增長引擎。(el/w) ~

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