| Schedule of computation of basic and diluted net income per share/ADS |
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Year ended March 31, |
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2021 |
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2022 |
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2023 |
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RMB |
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RMB |
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RMB |
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(in millions, except per share data) |
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Earnings per share |
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Numerator: |
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Net income attributable to ordinary shareholders for computing
net income per ordinary share — basic |
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150,308 |
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61,959 |
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72,509 |
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Dilution effect arising from share-based awards operated by
subsidiaries and equity method investees |
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(55 |
) |
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(37 |
) |
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(38 |
) |
Net income attributable to ordinary shareholders for
computing net income per ordinary share — diluted |
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150,253 |
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61,922 |
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72,471 |
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Shares (denominator): |
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Weighted average number of shares used in calculating net
income per ordinary share — basic (million shares) |
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21,619 |
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21,558 |
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20,980 |
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Adjustments for dilutive RSUs and share options (million shares) |
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363 |
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229 |
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134 |
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Weighted average number of shares used in calculating net
income per ordinary share — diluted (million shares) |
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21,982 |
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21,787 |
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21,114 |
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Net income per ordinary share — basic (RMB) |
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6.95 |
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2.87 |
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3.46 |
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Net income per ordinary share — diluted (RMB) |
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6.84 |
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2.84 |
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3.43 |
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Earnings per ADS |
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Net income per ADS — basic (RMB) |
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55.63 |
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22.99 |
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27.65 |
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Net income per ADS — diluted (RMB) |
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54.70 |
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22.74 |
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27.46 |
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