Alibaba Quarterly Financial Results

GAAP to Non-GAAP Net Income Attributable to Ordinary Shareholders Notes: Three months ended June 30, Alibaba 2021 2022 (in Mn, except per share data) Net income attributable to ordinary shareholders - basic RMB RMB USD 45,141 22,739 3,395 Dilution effect on earnings arising from option plans operated by (2) equity method investees and subsidiaries Net income attributable to ordinary shareholders - diluted 45,139 22,739 3,395 Non-GAAP adjustments to net income attributable to ordinary shareholders (1) Non-GAAP net income attributable to ordinary shareholders for 606 8,616 1,286 45,745 31,355 4,681 computing non-GAAP diluted earnings per share/ADS Weighted average number of shares on a diluted basis for computing non-GAAP diluted earnings per share/ADS (million shares) (4) Diluted earnings per share(2 (2) (4) 22,038 21,384 2.05 1.06 0.16 Non-GAAP diluted earnings per share(3) (4) 2.08 1.47 0.22 Diluted earnings per ADS(2) (4) 16.38 8.51 1.27 Non-GAAP diluted earnings per ADS(3) (4) 16.60 11.73 1.75 (1) (2) (3) (4) See the table above for the reconciliation of net income to non-GAAP net income for more information of these non-GAAP adjustments Diluted earnings per share is derived from net income attributable to ordinary shareholders for computing diluted earnings per share divided by weighted average number of shares on a diluted basis. Diluted earnings per ADS is derived from the diluted earnings per share after adjustment to the ordinary share-to-ADS ratio. Non-GAAP diluted earnings per share is derived from non-GAAP net income attributable to ordinary shareholders for computing non-GAAP diluted earnings per share divided by weighted average number of shares on a diluted basis for computing non-GAAP diluted earnings per share. Non-GAAP diluted earnings per ADS is derived from the non-GAAP diluted earnings per share after adjustment to the ordinary share-to-ADS ratio. Each ADS represents eight ordinary shares. 17

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