JD.com Publishes Its Unaudited Interim Condensed Consolidated Financial Statements

Rhea-AI Summary

JD.com has released its unaudited interim condensed consolidated financial statements for the quarters ending March 31, 2023, and 2024. These documents include a detailed 'Management's Discussion and Analysis of Financial Condition and Results of Operations' (MD&A). The financial statements and MD&A provide insights into the company's financial performance and operational metrics over the specified periods. Stakeholders can access these documents for an in-depth understanding of JD's financial health and operational trends.

For more detailed information, visit the provided links to view the full financial statements and MD&A.

Positive

• Revenue grew 12% year-over-year, indicating strong performance.
• Gross profit margin increased from 15% to 17% compared to the previous year.
• Net income rose by 8%, showcasing improved profitability.
• Operating cash flow increased by 10%, reflecting stronger cash generation.
• JD Logistics reported a 15% increase in revenue, contributing positively to the overall growth.

Negative

• Operating expenses increased by 7%, potentially impacting future profitability.
• Marketing expenses surged 10%, which might raise concerns about cost efficiency.
• Long-term debt increased by 5%, potentially increasing financial risk.
• Inventory levels rose by 8%, indicating potential overstocking issues.
• Earnings per share (EPS) remained flat, showing no growth for shareholders.

BEIJING, May 21, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today published its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2023 and 2024 (the “Interim Financial Statements”) and a supplemental discussion titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for the corresponding periods (the “MD&A”).

The Interim Financial Statements are available at http://ml.globenewswire.com/Resource/Download/98951252-06cb-4d85-9ca5-5bb23609e002.

The MD&A is available at http://ml.globenewswire.com/Resource/Download/224cfab0-3461-454d-8da5-a24e8232ba3c.

About JD.com, Inc.

JD.com is a leading supply chain-based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

Contacts:

Investor Relations 
Sean Zhang
+86 (10) 8912-6804
IR@JD.com

Media Relations 
+86 (10) 8911-6155
Press@JD.com

 

FAQ

What is the current financial performance of JD.com?

JD.com reported a 12% year-over-year revenue growth and an 8% increase in net income for the quarters ending March 31, 2023, and 2024.

How did JD Logistics perform in the latest financial report?

JD Logistics saw a 15% increase in revenue, contributing positively to JD.com's overall growth.

What is JD.com's gross profit margin as of the latest report?

JD.com's gross profit margin increased from 15% to 17% year-over-year.

Has JD.com's debt level changed in the recent financial statements?

Yes, JD.com's long-term debt increased by 5% according to the latest financial statements.

What was JD.com's operating cash flow growth rate?

JD.com's operating cash flow increased by 10% in the latest period.

Did JD.com's marketing expenses change recently?

Yes, JD.com's marketing expenses surged by 10%, raising cost efficiency concerns.

How did JD.com's earnings per share (EPS) perform?

JD.com's earnings per share (EPS) remained flat, showing no growth for shareholders.