- Total net revenue rose 84.9% from
RMB3.89 billion ($530 million ) in Q3, 2022 toRMB7.2 billion ($986.8 million ) in Q3 2023. Net revenue growth was primarily driven by the increase in the number of products sold, the increase in stores in operation and the increase in the number of monthly transacting customers, even though the average selling price of the company's products decreased. -
Net income rose from
RMB528.6 million ($72.23 million ) toRMB988 million ($135.4 million ) in the comparative quarters. -
Basic and diluted net income per ADS both rose from
RMB1.68 (23 cents ) toRMB3.12 (40 cents ) in the comparative quarters. -
Non-GAAP basic and diluted net income per ADS rose from
RMB1.68 (23 cents ) andRMB1.60 (20 cents ) toRMB3.60 (48 cents ) andRMB3.60 (48 cents ), respectively. -
New store openings increased 22.5% to 2,437, including 11 store openings in
Singapore , ending the third quarter with 13,273 stores which include 8,807 self-operated stores and 4,466 partnership stores.
Shares traded today at
"During the third quarter, we achieved a record 58.5 million average monthly transacting customers, a 132.9% year-over-year increase," Dr.
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