JD.com Delivers Strong Financial Results Amid Growing Consumer Demand

THE WHAT? JD.com, one of China’s major e-commerce and supply chain technology providers, announced robust fourth quarter and full year 2024 financial results, alongside a higher annual dividend.

THE DETAILS 

• Fourth quarter net revenues climbed 13.4% year on year to RMB347.0 billion (US$47.5 billion).
• Full year 2024 net revenues reached RMB1,158.8 billion (US$158.8 billion), a 6.8% increase over 2023.
• Operating margin rose notably to 2.4% for Q4 2024, compared with 0.7% in the same period last year.
• Net income for Q4 surged to RMB9.9 billion (US$1.4 billion) from RMB3.4 billion in Q4 2023.
• The board approved a dividend of US$0.5 per ordinary share (US$1.0 per ADS), payable in April 2025.
• JD Retail, the core segment, recorded 14.7% year-on-year sales growth in Q4 and has benefited from steady improvements in consumer spending, including increased demand for beauty and personal care products.

THE WHY? Buoyed by a rebound in consumption, JD.com is capturing a wider base of customers by expanding its retail infrastructure, logistics reach, and diverse product portfolio.

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