Per the most recent financial report data, JD.com attained a revenue of 260.4 billion RMB in the third quarter, reflecting a 5.1% year-on-year increase, outperforming market forecasts of 259.73 billion RMB. The net profit attributable to equity holders reached 11.7 billion RMB, with adjusted earnings per ADS escalating by 29.5% year-on-year to 8.68 RMB, surpassing the anticipated 7.42 RMB.

Detailed financial particulars:

• com's net revenue for Q3 2024 reached 260.4 billion RMB, growing by 5.1% year-on-year. Noteworthy growth was observed in core sectors like 3C electronics, with household goods sustaining robust single-digit growth for three successive quarters, surpassing sector averages, and supermarket and clothing categories registering double-digit year-on-year growth. Service revenue amounted to 55.8 billion RMB, rising by 6.5% year-on-year.
• JD Retail segment reported revenue of 224.986 billion RMB, a 6.1% year-on-year increase; JD Logistics revenue stood at 44.396 billion RMB, up by 6.56%; New Business revenue totaled 4.97 billion RMB, declining by 25.7%.
• Operating costs rose by 3.1% year-on-year to 215.3 billion RMB, while research and development costs climbed by 15.9% to 4.4 billion RMB. Net cash flow from operating activities turned negative year-on-year, decreasing from 15 billion RMB to -6.22 billion RMB, and free cash flow also turned negative year-on-year, declining from 8.26 billion RMB to -13.81 billion RMB.
• The remarkable profitability performance exhibited a net profit attributable to ordinary shareholders of 11.7 billion RMB, a substantial 47.8% year-on-year increase. Under non-US GAAP, this figure reached 13.2 billion RMB, up by 23.9% year-on-year. Adjusted earnings per ADS surged by 29.5% to 8.68 RMB, surpassing the expected 7.42 RMB.

Sustained Strong User Growth

Regarding user expansion, JD.com has sustained double-digit growth in quarterly active users and user shopping frequency for three consecutive quarters. This persistent user base expansion not only ensures a stable revenue stream for JD.com but also establishes a robust groundwork for future growth. Notably, during the recent JD 11.11 Shopping Festival, the number of shopping users escalated by over 20% year-on-year, with order volume surging by over 30%, showcasing JD.com's robust drive in stimulating user consumption potential.

In the third quarter of 2024, JD.com not only achieved substantial growth in revenue and net profit but also made positive strides in user expansion and technological innovation. Since the comprehensive technological overhaul in 2017, JD.com's cumulative investment in research and development has surpassed 130 billion RMB. This sustained investment has not only bolstered JD.com's technological prowess in cloud computing, big data, and artificial intelligence but also provided substantial backing for the company's long-term advancement. Amid the evolving global economic landscape, JD.com's proactive measures are poised to secure additional advantages in the competitive market setting.

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