Oriental Fortune Network reported on the 28th that JD.COM's financial report released before the US stock market closed on Thursday showed that JD.COM's adjusted income per ADS in the fourth quarter of fiscal year 218 was RMB .51, and the market estimated loss was RMB .2. The net revenue in the fourth quarter was 134.8 billion yuan, and the market forecast was 132.47 billion yuan.
The financial report shows that the number of active accounts in JD.COM increased from 292.5 million to 35.3 million in the 12 months ended December 31, 218. The net loss attributable to shareholders in the fourth quarter was 4.8 billion yuan, compared with a loss of 99 million yuan in the same period last year. In the fourth quarter, online direct sales revenue was 12.2 billion yuan, compared with 1.1 billion yuan in the same period last year. In fiscal year 218, online direct sales revenue was 416.1 billion yuan, compared with 331.8 billion yuan in the same period last year. Active accounts in the third and fourth quarters of 218 increased by 22% and 2% respectively compared with the same period of last year.
According to the report, in 218, JD.COM Group spent 12.1 billion yuan on technology research and development, up 82.6% year-on-year. In 218, the number of patent applications in JD.COM exceeded 3,47.
JD.COM's revenue in the first quarter is expected to be 118 billion to 122 billion yuan.
"In the fourth quarter of 218, the growth rate of JD.COM's sales revenue in core categories continued to be higher than the industry average," said Mr. Liu Qiangdong. "JD.COM's investment in technology improved the user experience and greatly improved the operational efficiency. As JD.COM promotes the' unbounded retail' strategy, we will work to optimize the resources of the company's various businesses and create long-term value for shareholders. "
Wang Zhenhui, CEO of Jingdong Logistics, said that this quarter, we achieved our maximum performance, and the growth reached the expectation. Although the consumption of consumers in electronic products is relatively low now. In 218, the number of active users increased by 22.4% in the fourth quarter. It should be said that the fourth quarter of 218 is more robust than the fourth quarter of 217.
Huang xuande, chief financial officer of JD.COM group, said that overall, the revenue and profit performance in the fourth quarter were stable, which reflected that JD.COM had well balanced the current financial revenue and the demand for future development and investment. "What is particularly important is that the profit margin of the core business, JD.COM Mall, keeps rising".
Detailed explanation of financial report
JD.COM Group's GMV in 218 was nearly 1.7 trillion yuan
On February 28th, Beijing time, JD.COM Group (NASDAQ: JD) released its fourth quarter and annual results in 218: the GMV in 218 was nearly 1.7 trillion yuan; In the fourth quarter of 218, the net income was 134.8 billion yuan (about 19.6 billion US dollars), and the single-quarter income exceeded 1 billion yuan for five consecutive quarters. The net income for the whole year of 218 was 462 billion yuan (about 67.2 billion US dollars); With the construction and opening of retail infrastructure, the net service income in 218 was 45.9 billion yuan (about 6.7 billion US dollars), up 5.5% year-on-year, accounting for about 1% of the total net income; In the fourth quarter of 218, the net profit from continuing operations attributable to ordinary shareholders under Non-GAAP was 749.9 million yuan (about 19.1 million US dollars), achieving profits for 12 consecutive quarters. In 218, the net profit from continuing operations attributable to ordinary shareholders under Non-GAAP was 3.5 billion yuan (about 5 million US dollars).
JD.COM Group has developed into a comprehensive retail platform and retail infrastructure service provider with nine business segments, including retail, logistics, technology, logistics real estate, insurance and overseas. By December 31, 218, JD.COM had operated more than 55 large warehouses with a total area of about 12 million square meters, with more than 21, contracted businesses and more than 178, regular employees, which led to more than 1 million indirect jobs. With high-quality growth, JD.COM Group continues to promote the deep integration of digital economy and real industry, actively promote employment, help the steady growth of consumption, and constantly practice its social responsibilities.
despite the unfavorable factors of slowing consumption growth in China market, JD.COM has maintained a strong growth trend above the industry average in core categories with excellent infrastructure, services and experience. As the core business of JD.COM Group, JD.COM Mall has an operating profit rate of 1.6% in 218, reaching the best profit level in history.
"In the fourth quarter of 218, the growth rate of JD.COM's sales revenue in core categories continued to be higher than the industry average," said Mr. Liu Qiangdong, Chairman and CEO of JD.COM Group. "JD.COM's investment in technology improved the user experience and greatly improved the operational efficiency. As JD.COM promotes the' unbounded retail' strategy, we will work to optimize the resources of the company's various businesses and create long-term value for shareholders. "
The annual GMV of nearly 1.7 trillion RMB continued to drive the growth of China's consumer market
In 218, the growth rate of domestic retail market continued to slow down. According to the data released by the National Bureau of Statistics, the retail sales of social consumer goods increased by 9.% from January to December 218, and the online retail sales of physical goods increased by 25.4%. As a representative of high-quality consumption, JD.COM's overall retail business and various categories of business have always maintained a strong growth trend. JD.COM Group's GMV for the whole year of 218 is close to 1.7 trillion yuan, up 3% year-on-year, and continues to lead the domestic retail market.
JD.COM Group ranks 181st in Fortune Global 5 in 218, ranking third among the six largest Internet companies in the world, second only to Amazon and Google's parent company Alphabet. In 218, JD.COM Group's annual net income reached 462 billion yuan, which will once again be promoted in the list of large global enterprises.
as of December 31st, 218, the number of third-party platform contracted businesses in JD.COM exceeded 21,, and * * * had more than 178, full-time employees, an increase of more than 2, full-time employees compared with the same period of last year. In addition, JD.COM indirectly boosted employment by more than 1 million.
In October 218, JD.COM Group ranked 131st in the "Best Employers in the World in 218" published by Forbes, which was significantly higher than the 251st in 217. At the same time, JD.COM ranked far ahead of other major domestic Internet companies in this list.
JD.COM's growth is rooted in the China market, and JD.COM's development will always serve China's economy. With high-quality growth, JD.COM will continue to create new demand for China's consumer market, promote the formation of a more dynamic domestic consumption environment, and promote the steady growth of consumption.
under the goal of "unbounded retail", during the Global Good Things Festival on November 11, 218, JD.COM not only attracted more than 6, offline stores to participate in the promotion, but also promoted the upgrading of manufacturing and circulation industries through intelligent supply chains, reduced social logistics costs, enhanced the supply capacity of the domestic market, and helped many brands boost consumption quality.
in 218, JD.COM upgraded the e-commerce poverty alleviation model to version 3. through a lot of practice, and actively participated in the national poverty alleviation and rural revitalization strategy through the "six major assistance". By the end of 218, there were more than 3 million kinds of goods in poverty-stricken areas in JD.COM, with sales exceeding 5 billion yuan, which directly drove 7, poor households to increase their income.
In October 218, JD.COM cooperated with the World Wide Fund for Nature (WWF) and the China Children's and Teenagers' Fund to hold the second "Blue Earth Sustainability Week", and carried out activities such as recycling old clothes and old electrical appliances in nearly 5 cities in China. By the end of 218, JD.COM has collected nearly 1.9 million pieces of idle materials.
the bigger the scale, the greater the responsibility. JD.COM is committed to being a company that creates the greatest value for the society, and Do not forget your initiative mind is actively fulfilling its corporate social responsibility. Besides providing China consumers with the most trustworthy consumption experience, it is also making continuous contributions to the society in promoting employment, improving the operating efficiency of the industry and feeding back the real economy.
The core business is stable, the service income is surging, and the quality growth is achieved
JD.COM's core competitive advantage of promoting supply chain efficiency through technological innovation has been continuously consolidated in 218. Under the strategic direction of "retail as a service", JD.COM Group is also making every effort to promote the transformation and upgrading from "technology retail" to "retail+retail technology", from extensive growth of traditional e-commerce to more quality growth.
Previously, JD.COM Mall was upgraded to JD.COM Retail Sub-group, which will undergo major changes in business model, business chain and target users: the business model will change from open shelves to full retail form; The business chain has changed from "commodity" to "commodity+service"; At the same time, as a comprehensive retail platform, it will achieve full coverage of target users such as enterprise users, family users, male users, female users, high-tier urban people and low-tier cities.
In 218, the operating profit rate of JD.COM Mall, as its core business, reached 1.6%, showing a significant growth trend compared with .1%, .9% and 1.4% in 215, 216 and 217.
In all categories of retail business in JD.COM, the income of 3C and household appliances products is still higher than the growth rate of similar products announced by the National Bureau of Statistics in 218, and JD.COM's dominant position in 3C and household appliances is further consolidated; In the non-electric category, JD.COM's revenue growth rate reached 42% in 218, which was also much higher than the growth rate of the same category in the industry.
The number of quarterly active users of JD.COM Group in the fourth quarter and the third quarter of 218 increased by 2% and 22% respectively compared with the same period of last year, which represents a significant increase in consumers' repurchase rate and contribution rate, and also shows that the main motivation to attract them to spend on the JD.COM platform is expanding from a high degree of trust in authentic licensed products to a high degree of dependence on accurate and convenient services and experiences. JD.COM not only covers the largest middle-income consumer group in China, but also continuously expands its user base through social e-commerce and channel sinking, so as to provide more consumers with high-quality services.
Mr. Huang Xuande, Chief Financial Officer of JD.COM Group, said, "As the core business of the Group, JD.COM Mall keeps growing and its profit rate keeps rising. We focus on industry-leading technological innovation and infrastructure construction to further improve efficiency and achieve economies of scale in the future. "
in 218, JD.COM continued to consolidate its advantages in the logistics network in the e-commerce field in China, and at the same time, it also fully opened its logistics network to the society. By December 31, 218, JD.COM had operated more than 55 large warehouses with a total area of about 12 million square meters. During the Global Good Things Festival on November 11th, 218, the largest robot warehouse group in JD.COM was put into use in China. Coupled with the collaborative optimization of intelligent system and digital supply chain, more than 9% of the orders for integrated logistics warehouse service in Jingdong achieved the same day and the next day, including not only the explosive growth of self-operated orders in JD.COM, but also a large number of orders from merchants who used the integrated logistics warehouse service in Jingdong.
under the strategy of building and opening up retail infrastructure, JD.COM Group's revenue from logistics and other services increased by 142% year-on-year, which led to a net service income of 45.9 billion yuan (about 6.7 billion US dollars) in 218, up by 5.5% year-on-year, accounting for nearly 1% of the total net income, and the income structure became more balanced. In the fourth quarter of 218, JD.COM Group's performance fees accounted for 6.6% of its net income, compared with 7.2% in the same period of last year, showing the obvious improvement of operational efficiency and the momentum of sustained and steady growth.
In 218, the financial market changed dramatically, and affected by the fluctuation of fair value of long-term equity investment, the net loss of JD.COM Group's continuing operations attributable to ordinary shareholders in 218 was RMB 2.5 billion (about USD 4 million); In addition, due to the weak growth of domestic consumption environment, especially durable goods consumption, JD.COM Group's annual net income growth slowed down, but it still maintained a growth rate of 27.5% with its largest income scale among Internet companies in China. Goldman Sachs, an internationally renowned investment bank, released a research report in the fourth quarter of 218, arguing that the current slowdown in income growth in JD.COM is mainly due to the reduction in consumer spending caused by the cyclical weakness of the macro environment. In the long run, this phenomenon will disappear with the recovery of consumer demand.
The annual investment in technology reached 12.1 billion yuan, and continuous innovation created the driving force for future growth
Technology-driven has become the core measure for JD.COM to win the future. In 218, JD.COM Group invested 12.1 billion yuan in technology research and development, up 82.6% year-on-year. A large number of technological innovations have not only comprehensively optimized JD.COM's own cost, efficiency and user experience, but also started to open its services to the outside world, promoting the growth of industry partners.
by introducing the world's top scientists, JD.COM has continuously consolidated its core technology R&D and application innovation capabilities, and achieved deep integration of R&D and application scenarios in the fields of cloud computing, intelligent supply chain, intelligent logistics and IoT, thus forming a unique Internet technology system integrating software and hardware. In 218, the number of patent applications in JD.COM has exceeded 3,47, and it has entered the first camp of domestic Internet companies. With the rapid growth of JD.COM's technology open platforms such as NeuHub, Zhizhen Chain and Jingyu, it can not only meet its own applications, but also effectively help partners realize digital transformation and upgrading.
in November, 218, the first native regional unmanned cargo plane independently developed by JD.COM officially completed its first flight. At present, JD.COM has established a whole process of UAV R&D, production and supply chain management and control system. Technological innovation is also promoting Jingdong intelligent logistics terminal equipment to go abroad. In January 219, JD.COM UAV completed its first flight outside China in Indonesian West Java province; In the following February, JD.COM Group and Japanese Lotte Co., Ltd. reached a cooperation agreement on providing intelligent logistics equipment and supporting solutions such as terminal distribution drones and distribution robots.
In the deep integration of retail infrastructure and real economy, JD.COM has also brought the driving force of supply-side structural reform to the manufacturing industry through intelligent supply chain.
Building an Unbounded Retail Ecology, Joining Hands with Partners to Expand the China Market
The ecology built by JD.COM in the face of unbounded retail has become more and more complete. Farfetch Limited, the leading global technology platform for luxury fashion industry, has just announced that it will deepen its strategic cooperation with JD.COM, providing luxury brands with the first choice to enter the China market. According to the agreement, Toplife, a luxury e-commerce platform in JD.COM, will be merged into Farfetch China. In addition, Farfetch will get the first-class entrance of JD.COM APP, which will cover the network of more than 1, luxury brands and boutique partners through Farfetch, so that more than 3 million active users in JD.COM can easily purchase more than 3.