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
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
BRIEF: GDS revenue rises, spins off international unit
BRIEF: Hutchmed profit falls on shrinking R&D income
RELATED ARTICLES
-
Resurging Walmart, shaky JD.com go their separate ways in China
JD.US 9618.HK -
Alibaba’s breakup in tatters, could 2025 be the year of asset shedding?
9988.HK BABA.US
-
Is Baozun’s risky leap into brand management starting to pay off?
9991.HK BZUN.US
- Jihong schmoozes IPO investors with cross-border social e-commerce story
-
AliExpress fuels Alibaba International’s revenue growth by giving shoppers a ‘Choice’
9988.HK BABA.US
-
JD rights its shopping cart with first-quarter turnaround
9618.HK JD.US
-
Weimob gets early Christmas ‘gift’ from WeChat
2013.HK
