JD.com Q2 net revenue increased by 22.4% year-on-year, exceeding expectations, while net profit fell by over 50% | Financial Report Insights

JD.com Q2 revenue shows strong growth, with revenue of 356.7 billion yuan, a year-on-year increase of 22.4%; however, profit has significantly declined, with net profit attributable to ordinary shareholders at 6.2 billion yuan, down 51% from 12.6 billion yuan in the same period last year.

On the 14th, JD.com announced its Q2 financial report:

• JD Group Q2 revenue was 356.7 billion yuan, a year-on-year increase of 22.4%, compared to market estimates of 335.45 billion yuan.
• Net profit attributable to shareholders fell to 6.2 billion yuan, down 51% from 12.6 billion yuan in the same period last year. Non-GAAP net profit decreased from 14.5 billion yuan to 7.4 billion yuan, a year-on-year decline of 49%.
• JD's overall operating loss in Q2 was 900 million yuan, with an operating profit margin turning from 3.6% in the same period last year to -0.2%.
• Earnings per ADS fell from 8.19 yuan to 4.15 yuan, compared to market estimates of 3.78 yuan.
• Free cash flow (FCF) decreased from 49.6 billion yuan in the same period last year to 22 billion yuan; FCF over the past twelve months dropped from 55.6 billion yuan to 10.1 billion yuan.

Business performance highlights:

• JD Retail

  • Revenue: 310.1 billion yuan (43.3 billion USD), a year-on-year increase of 20.6%

  • Operating profit: 13.9 billion yuan (1.9 billion USD), operating profit margin of 4.5% (historical high)

  • Gross profit margin has increased year-on-year for 13 consecutive quarters

• JD Logistics

  • Continued to expand global layout, adding overseas warehouses covering the United States, United Kingdom, France, South Korea, Vietnam, Saudi Arabia, etc.

  • As of the end of June, over 130 overseas warehouses were in operation globally, with a total area exceeding 1.3 million square meters

  • Launched self-operated express brand "JoyExpress" in Saudi Arabia

• JD Health
  • Strengthened its position as the "first platform for new drugs and specialty drugs," introducing multiple innovative drugs (such as the new weight loss drug "Xinermei")
• New Businesses
  • JD Food Delivery

    • Daily order volume exceeds 25 million, with over 1.5 million merchants and more than 150,000 full-time riders

    • Significant synergy with main site business, not independently operated

  • 7Fresh Kitchen (launched in July)
    • Created an innovative supply chain model to promote high-quality growth in the food delivery industry

In this quarter, JD Retail's revenue grew by 20.6% year-on-year, with an operating profit margin reaching 4.5%, setting a record for the highest in all major promotional quarters in the company's history.

In addition, JD Food Delivery is developing healthily. During the JD 618 period, the food delivery business daily order volume exceeded 25 million, with over 1.5 million quality merchants, and as of the end of Q2, the number of full-time riders has surpassed 150,000More news, ongoing updates