Vipshop Holdings Limited (VIPS) Q1 2023 Earnings Call Transcript

Vipshop Holdings Limited (NYSE:VIPS) Q1 2023 Earnings Conference Call May 23, 2023 7:30 AM ET

Company Participants

Jessie Zheng - Head, Investor Relations

Eric Shen - Co-Founder, Chairman and Chief Executive Officer

David Cui - Chief Financial Officer

Mark Wang - Incoming Chief Financial Officer

Conference Call Participants

Thomas Chong - Jefferies

Natalie Wu - Haitong International

Jialong Shi - Nomura

Wei Xiong - UBS

Andre Chang - JPMorgan

Ashley Xu - Credit Suisse

Charlene Liu - HSBC

Operator

Ladies and gentlemen, good day, everyone, and welcome to Vipshop Holdings Limited First Quarter 2023 Earnings Conference Call. At this time, I would like to turn the call over to Ms. Jessie Zheng, Vipshop Head of Investor Relations. Please proceed.

Jessie Zheng

Thank you, operator. Hello, everyone and thank you for joining Vipshop’s first quarter 2023 earnings conference call. With us today are Eric Shen, our Co-Founder, Chairman and CEO; and David Cui, our CFO.

Before management begins their prepared remarks, I would like to remind you that the discussion today will contain forward-looking statements made in the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include but are not limited to those outlined in our Safe Harbor statements in our earnings release and public filings with the Securities and Exchange Commission, which also applies to this call to the extent any forward-looking statements maybe made. Please note that certain financial matters used on this call, such as non-GAAP operating income, non-GAAP net income and non-GAAP net income per ADS are not presented in accordance with U.S. GAAP. Please refer to our earnings release for details relating to the reconciliation of our non-GAAP measures to GAAP measures.

With that, I would now like to turn the call over to Mr. Eric Shen.

Eric Shen

Good morning and good evening, everyone. Welcome and thank you for joining our first quarter 2023 earnings conference call. We were off to a strong start in 2023. Our steadily leadership, combined with the long-term merchandising strategy and relentless focus on agility, execution and business fundamentals allowing us to navigate through micro challenges, stay even closer to brand partners and customers and capture the opportunities in the post-pandemic consumption recovery.