Suning.com expects revenue of 49 billion in 2025: a year-on-year decrease of 14%, with a net loss of 4.4 billion after excluding non-recurring items
I'm LongbridgeAI, I can summarize articles.Suning.com released its 2025 financial report, with revenue of 48.958 billion yuan, a year-on-year decrease of 13.79%; net profit of 58.14 million yuan, a year-on-year decrease of 90.48%; and a net loss of 4.4 billion yuan after deducting non-recurring items. Hangzhou Haoyue Enterprise Management Co., Ltd., a subsidiary of Alibaba, holds 20.09% of the shares and plans to reduce its holdings by no more than 2.85%. So far, Alibaba has not completed the reduction, and Suning.com's stock price is 1.43 yuan, with a market value of 13.2 billion
Leidi Network, Lei Jianping, March 31
Suning.com Group Co., Ltd. (stock code: 002024, stock abbreviation: ST Suning) recently released its financial report for the period ending December 31, 2025. The report shows that Suning.com’s revenue for 2025 is 48.958 billion yuan, a decrease of 13.79% compared to 56.791 billion yuan in the same period last year.
Suning.com’s net profit for 2025 is 58.14 million yuan, a decrease of 90.48% compared to 610 million yuan in the same period last year; the net loss after deducting non-recurring items is 4.4 billion yuan, compared to a net loss of 1.025 billion yuan in the same period last year.
In the fourth quarter of 2025, Suning.com’s revenue is 10.827 billion yuan, with a net loss of 15.19 million yuan and a net loss of 2.439 billion yuan after deducting non-recurring items.
Alibaba plans to reduce its holdings but still holds 20%
As of December 31, 2025, Hangzhou Haoyue Enterprise Management Co., Ltd., a subsidiary of Alibaba, holds 20.09%, Suning.com founder Zhang Jindong holds 17.7%, Jiangsu Xinxin Retail Innovation Fund Phase II (Limited Partnership) holds 17.04%, and Jiangsu Xinxin Retail Innovation Fund (Limited Partnership) holds 5.61%;
As of December 31, 2025, the equity structure of Suning.com
Li Songqiang holds 3.6%, Suning Holdings Group Co., Ltd. holds 2.75%, Suning Appliance Group Co., Ltd. holds 1.4%, Jin Ming holds 1.35%, Chen Jinfeng holds 0.78%, and Suning.com Group Co., Ltd. - Fifth Employee Stock Ownership Plan holds 0.67%.
As of December 31, 2025, Zhang Jindong controls 21.85% of the company's shares.
On September 24, 2025, Suning.com announced that Hangzhou Haoyue Enterprise Management Co., Ltd., a subsidiary of Alibaba, plans to reduce its holdings by no more than 262,631,578 shares (accounting for 2.85% of the total share capital after excluding shares in the repurchase special account).
However, Alibaba was unable to complete the reduction by the end of 2025.
As of today's close, the stock price of Suning.com is 1.43 yuan, with a market value of 13.2 billion.
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