Significant ETF Inflows: VYMI, VIPS, QFIN, ATHM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2025
0mins
Source: NASDAQ.COM
VYMI Share Price Analysis: VYMI's share price is currently at $85.05, with a 52-week low of $65.23 and a high of $85.61, indicating a stable position near its high point.
ETFs Trading Dynamics: ETFs function like stocks, trading in "units" that can be created or destroyed based on investor demand, affecting the underlying assets and their market dynamics.
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Analyst Views on VIPS
Wall Street analysts forecast VIPS stock price to rise
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 14.520
Low
18.00
Averages
21.12
High
23.60
Current: 14.520
Low
18.00
Averages
21.12
High
23.60
About VIPS
Vipshop Holdings Ltd is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company's segment is sales, product distribution and offering of goods on its online platforms. The Company conducts its business through its subsidiaries and consolidated affiliated entities in China. Through its flash sales model, the Company sells limited quantities of discounted branded products online for limited periods of time. The Company offers diversified product offerings from over 17,000 domestic and international brands, including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products. The Company offers a range of products and services for consumers through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Revenue Growth: Vipshop reported total net revenues of RMB 26.6 billion for Q1 2026, reflecting a modest year-over-year increase of 1.2%, indicating the company's stability and ongoing customer base growth despite market challenges.
- Gross Margin Improvement: The gross profit reached RMB 6.5 billion, a 6.8% year-over-year increase, with gross margin rising from 23.2% to 24.4%, showcasing effective cost management and product mix optimization that enhances profitability.
- Shareholder Returns: The company completed an annual dividend distribution of approximately USD 300 million, demonstrating a commitment to shareholder returns, which supports its attractiveness to future investors despite facing market headwinds.
- Market Challenges: Despite a solid first quarter, the company has adopted a conservative revenue guidance for Q2 2026, anticipating a year-over-year decline of 5% to 0% due to low consumer sentiment and a noted decrease in online sales, reflecting ongoing market uncertainties.
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- Performance Fluctuation: Vipshop reported Q1 2026 total net revenues of RMB 26.6 billion, with a gross margin of 24.4% and operating income of RMB 2.5 billion, indicating significant impact from post-holiday sales softness following the late Chinese New Year.
- Customer Growth Trend: SVIP membership grew by 9% year-over-year, accounting for 50%-55% of online spending, highlighting a healthy customer base despite overall market demand weakness, suggesting potential customer loyalty.
- Cautious Outlook: Management guided Q2 2026 revenue to range between RMB 24.5 billion and RMB 25.8 billion, reflecting a year-over-year decrease of approximately 5% to 10%, driven by low visibility on market and operational conditions, prompting a conservative guidance reset.
- REIT Transaction Impact: Vipshop's Commercial REIT received approval in late April and completed pricing on May 19, with an expected one-time investment gain of around RMB 5.3 billion in Q2, although management remains cautious due to uncertainties in consumer sentiment and activity.
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- Revenue Growth: Total net revenues for Q1 2026 increased by 1.2% year-over-year to RMB 26.6 billion (US$3.9 billion), reflecting strong consumer demand during the Chinese New Year and reinforcing Vipshop's position in the discount retail market.
- Gross Profit Improvement: Gross profit rose by 6.8% year-over-year to RMB 6.5 billion (US$941.6 million), with gross margin increasing from 23.2% to 24.4%, indicating a higher mix of sales in higher-margin categories that enhances profitability.
- Net Income Increase: Net income attributable to Vipshop's shareholders grew by 13.6% year-over-year to RMB 2.2 billion (US$319.8 million), with net margin improving from 7.4% to 8.3%, demonstrating ongoing improvements in cost control and operational efficiency.
- Strong Cash Flow: As of March 31, 2026, the company had cash and cash equivalents of RMB 28.3 billion (US$4.1 billion) and free cash flow of RMB 1.6 billion (US$234 million), providing robust support for future strategic investments and shareholder returns.
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- Revenue Growth: In Q1 2026, Vipshop's total net revenues increased by 1.2% year-over-year to RMB 26.6 billion (US$3.9 billion), demonstrating the company's ability to maintain stable growth in a competitive market.
- Gross Profit Improvement: Gross profit rose by 6.8% year-over-year to RMB 6.5 billion (US$941.6 million), with gross margin increasing to 24.4%, reflecting successful strategies in higher-margin product categories.
- Net Income Increase: Net income attributable to Vipshop's shareholders grew by 13.6% year-over-year to RMB 2.2 billion (US$319.8 million), with net margin rising to 8.3%, indicating ongoing improvements in cost control and operational efficiency.
- Customer Base Expansion: The number of active customers increased by 0.9% year-over-year to 41.7 million, while total orders grew by 3.2% to 172.6 million, showcasing the company's success in attracting and retaining high-value customers.
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- Earnings Performance: Vipshop's Q1 2026 non-GAAP EPS of $0.65 missed expectations by $0.02, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company reported revenue of $3.9 billion for Q1, a 1.2% year-over-year increase, exceeding market expectations by $20 million, suggesting some growth potential in a competitive market.
- Future Outlook: Vipshop expects total net revenues for Q2 2026 to range between RMB 24.5 billion and RMB 25.8 billion, representing a year-over-year decline of approximately 5% to flat, reflecting uncertainty in the market environment and challenges faced by the company.
- Market Reaction: Despite revenue exceeding expectations, the earnings miss has led analysts to advise investors to focus on the company's operating profit performance to assess its long-term growth potential.
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- Nvidia Earnings Expectations: Nvidia is set to report its Q1 earnings on Wednesday, with revenue anticipated at $78.67 billion and EPS of $1.76, as analysts look for results that exceed expectations to boost stock prices and alleviate concerns about a slowing investment cycle.
- Home Depot Performance Outlook: Home Depot is expected to see only 0.8% same-store sales growth in Q1, as rising mortgage rates and a challenging economic backdrop lead analysts to predict its full-year guidance will remain flat to 2%, reflecting low market expectations for its performance.
- TJX Companies Performance: TJX anticipates a 4.1% same-store sales growth in Q1, benefiting from consumer demand for quality merchandise at affordable prices, although rising freight costs may impact margins; nonetheless, the company is viewed as a solid long-term investment.
- Google Developer Conference: Google will host its annual developer conference on Tuesday and Wednesday, with analysts warning that a lack of a
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