BRIEF: JD.com’s profit and revenue grow, optimistic on 2025
E-commerce platform JD.com Inc. (9618.HK, JD.US) said on Thursday that its revenue in last year’s fourth quarter rose 13.4% year-on-year to 347 billion yuan ($48 billion), while its net profit nearly tripled to 9.85 billion yuan, up 191%.
The company’s full-year revenue rose 6.8% year-on-year to nearly 1.16 trillion yuan, and its annual net profit increased 71% to 41.4 billion yuan. It also declared a full-year dividend of $0.50 per share, equal to $1 per American depositary share (ADS).
CFO Shan Su pointed out that JD.com has been steadily increasing its market share, while its profitability continued to improve last year, mainly driven by cost controls and improved operating efficiency. CEO Sandy Xu said she is more optimistic about 2025 as consumer sentiment in China recovers.
Shares of JD.com opened down 2% at HK$173.80 on Friday and were down 1.7% during the afternoon trading session.
By Lau Chi Hang
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