股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 京东工业股份有限公司 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 07618 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 100,000,000,000 | USD | | 0.0000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | 100,000,000,000 | USD | | 0.0000005 | USD | | 50,000 | 本月底法定/註冊股本總額： USD ...

京东工业(07618)发布公告，于2026年1月1日，公司根据首次公开发售后首个股份计划向承授人授出了 涉及339.23万股新股份的339.23万股股份奖励，约占于授出日期已发行股份总数的0.1%。 ...

智通财经APP讯，京东工业(07618)发布公告，于2026年1月1日，公司根据首次公开发售后首个股份计划 向承授人授出了涉及339.23万股新股份的339.23万股股份奖励，约占于授出日期已发行股份总数的 0.1%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 JINGDONG Industrials, Inc. 京東工業股份有限公司 （於開曼群島註冊成立的有限公司） （股份代號：7618） 授出股份獎勵 董事會宣佈，於2026年1月1日，本公司根據首次公開發售後首個股份計劃向承授人授 出了涉及3,392,306股新股份的3,392,306股股份獎勵，約佔於授出日期已發行股份總數的 0.1%。 授出的詳情如下： 授出日期： 2026年1月1日 承授人： 本集團僱員（不包括本集團董事及高級管理人員） 授出股份獎勵的購買價： 零 授出361,430股股份獎勵的歸屬期間少於12個月，原因 是其為歸屬及持有期間合共超過12個月的股份獎勵授 出。 1 授出股份獎勵的數目： 3,392,306股 授出日期股份的市價： 每股14.100港元 （附註） 歸屬期間： (i) 299,915股股份獎勵將於授出日期起0.25至3.25年 內歸屬； (ii) 860,058股股份獎勵 ...

Group 1 - JD Industrial (07618) has shown strong performance in the capital market, with its stock price increasing by over 3%, reaching a price of 14.1 HKD and a trading volume of 30.62 million HKD [1] Group 2 - During the recent fourth JD Wine Tasting event held in Shenzhen, JD Industrial announced significant initiatives aimed at achieving a trillion-level cost reduction through supply chain digitalization [3] - The company plans to integrate its supply chain to pass on the savings to users and upstream and downstream enterprises within the industry chain [3] - JD Industrial is promoting the technological innovation and application of its industrial supply chain model, JoyIndustrial, utilizing AI technology for comprehensive upgrades in production methods [3] - The company has developed the Tai Pu integrated supply chain solution, which aligns well with the internal needs of large industrial enterprises in China for upgrading and transformation [3] - JD Industrial will continue to release tailored solutions for ten specific industrial scenarios, leveraging its dual advantages in supply chain infrastructure and digital technology [3]

Core Viewpoint - JD Industrial is a leading provider of industrial supply chain technology and services in China, focusing on MRO procurement services and end-to-end supply chain digitalization [1] Group 1: Company Overview - JD Industrial has established itself as the largest participant in the domestic MRO procurement market by 2024, serving 11,100 key enterprise clients and offering approximately 81.1 million SKUs across 80 product categories sourced from around 158,000 suppliers [1] - The company's revenue is primarily derived from industrial product (MRO) sales, with projected revenue of 20.398 billion yuan and adjusted net profit of 909 million yuan in 2024, reflecting a CAGR of 25.4% and 21.9% from 2021 to 2024 [1] - The management team is experienced, with CEO Song Chunzheng having previously incubated JD's enterprise business, driving the digitalization of the industrial supply chain [1] Group 2: Market Analysis - The Chinese industrial supply chain market is the largest globally, projected to reach 11.4 trillion yuan in 2024, with a digitalization penetration rate of only 6.2%, significantly lower than the 15% in the U.S. [2] - The MRO procurement market in China is expected to reach 3.7 trillion yuan by 2024, with a CAGR of 6.1% from 2019 to 2024, while the digitalized MRO market is projected to grow to 400 billion yuan, with a CAGR of 21.7% during the same period [2] - JD Industrial holds a market share of 4.1% in the domestic industrial supply chain technology and services market, with a mere 0.8% share in the MRO procurement market, indicating significant room for growth as digitalization increases industry concentration [2] Group 3: Competitive Landscape - The U.S. MRO industry showcases that leading companies like Grainger and Fastenal have long-term revenue growth outpacing U.S. manufacturing value added, indicating strong competitive advantages for top players [3] - JD Industrial's "Taipu" solution aims to achieve full supply chain digitalization, leveraging its consumer-side supply chain technology to establish high customer switching costs and enhance its collective procurement and digital service capabilities [3] Group 4: Financial Performance and Projections - JD Industrial operates with a light asset model and high turnover, achieving an inventory turnover rate of 24 times in 2024, significantly outperforming comparable domestic and international companies [3] - The company anticipates adjusted net profits of 1.096 billion, 1.735 billion, and 2.301 billion yuan for 2025-2027, representing year-on-year growth rates of 20.5%, 58.4%, and 32.6% respectively, with a target PE of 30, 19, and 14 times [4] - Based on a comparable company average valuation of 24 times PE, the target market value for JD Industrial is estimated at 41.2 billion yuan, indicating a 24% upside potential from current levels [4]

Core Viewpoint - JD Industrial is the largest service provider in China's industrial supply chain technology and services market, leveraging resources from JD Group to gain a first-mover advantage in the emerging sector, demonstrating technological strength and economies of scale [1] Industry Overview - The industrial supply chain digitalization in China is accelerating, with JD Industrial establishing a leading market position in this emerging field [1] - The company has a significant market share in both the industrial supply chain technology and services market and the MRO procurement service market [1] Business Model - The company utilizes the Taipu supply chain operation system, Mercator standard product library, and a high-turnover, light-asset fulfillment system to optimize operational quality while expanding scale [1] - The platform has approximately 81.1 million SKUs with an information standardization rate exceeding 95% [2] Operational Performance - The company serves around 11,000 key enterprise clients and millions of small and medium-sized enterprises, forming a first-mover advantage in comprehensive digital procurement and supply chain integration services [1] - From 2022 to 2024, the total transaction volume on the platform is expected to grow from 22.3 billion to 28.8 billion yuan, with a compound annual growth rate of approximately 13.8% [2] Future Growth Prospects - The company anticipates significant growth driven by AI applications and overseas expansion, establishing a second growth curve through localized operations in Southeast Asia, Europe, and Latin America [3] - Revenue projections for 2025 and 2026 are 23.56 billion and 28.33 billion yuan, respectively, with year-on-year growth rates of 15.49% and 20.28% [3] Profitability Forecast - Adjusted net profits for 2025 and 2026 are expected to be 1.09 billion and 1.72 billion yuan, reflecting year-on-year growth of 1.40% and 57.38% [3]

Core Viewpoint - JD Industrial (07618) has seen a stock increase of over 3%, currently up 4.58% at HKD 37.02, with a trading volume of HKD 195 million [1] Group 1: Business Strategy - JD Industrial aims to drive a trillion yuan cost reduction in the industrial sector through supply chain digital upgrades, integrating the supply chain to return profits to users and upstream and downstream partners [1] - The company is promoting technological innovation and application scenarios for its industrial supply chain model, JoyIndustrial, utilizing AI technology to enhance production methods [1] Group 2: Supply Chain Solutions - JD Industrial has developed the Tai Pu integrated supply chain solution, which is based on supply chain facilities and deeply integrated with digital technology, catering to the internal needs of large industrial enterprises in China for upgrading and transformation [1] - The company has released ten targeted industrial sector-specific solutions focusing on various sub-sectors, including automotive manufacturing, steel metallurgy, energy batteries, livestock farming, liquor manufacturing, photovoltaic power generation, property management, petrochemicals, rail transportation, and robotics [1]

Core Viewpoint - JD Industrial (07618) has seen a stock increase of over 3%, currently up 4.58% at HKD 37.02, with a trading volume of HKD 195 million [1] Group 1: Supply Chain Innovations - JD Industrial aims to drive a trillion yuan cost reduction in the industrial sector through supply chain digital upgrades, integrating supply chains to return profits to users and the upstream and downstream of the industry [1] - The company is promoting technological innovation and application scenarios for its industrial supply chain model, JoyIndustrial, utilizing AI technology to upgrade production methods [1] Group 2: Tailored Solutions for Industries - JD Industrial has developed the Tai Pu integrated supply chain solution, which is based on supply chain facilities and deeply integrated with digital technology, catering to the internal needs of large industrial enterprises in China for upgrading and transformation [1] - The company has released ten targeted industrial sector-specific solutions focusing on various sub-scenarios in industries such as automotive manufacturing, steel metallurgy, energy batteries, livestock farming, liquor manufacturing, photovoltaic power generation, property management, petrochemicals, rail transportation, and robotics [1]

Group 1: Key Insights on Xingfu Electronics - The company is backed by Xingfa Group, a leading player in the phosphate chemical and fine chemical industry, ensuring strong supply chain support [8] - It focuses on semiconductor applications, with a complete wet electronic chemical product system, including 60,000 tons of electronic-grade phosphoric acid and 100,000 tons of electronic-grade sulfuric acid, leading the domestic market [8] - The company aims to become a world-class electronic materials enterprise, with ongoing internationalization and diversification strategies [8] Group 2: Key Insights on JD Industrial - JD Industrial is a leading provider of industrial supply chain technology and services in China, with a projected revenue of 20.398 billion yuan and an adjusted net profit of 909 million yuan for 2024 [10] - The company has established a comprehensive digital infrastructure for supply chain management, covering 80 product categories and serving over 11,100 key enterprise clients [10] - The industrial supply chain market in China is vast, with a size of 11.4 trillion yuan in 2024, and JD Industrial holds a market share of 4.1% in the industrial supply chain technology and services market [10] Group 3: Insights on the Coal Industry - The coal industry is experiencing a restructuring due to stricter safety regulations, with a cumulative coal production of 4.402 billion tons from January to November, showing a year-on-year increase of 1.4% [14] - The demand for coal remains stable, with a projected increase in coal consumption in the chemical industry, and the overall coal demand is expected to grow slightly [14] - Investment recommendations include stable high-dividend stocks like China Shenhua and Shaanxi Coal, as well as growth stocks such as TBEA and Huaihe Energy [14] Group 4: Insights on MEMS Sensor Industry - The company is a leading player in high-performance MEMS inertial sensors, with a revenue and net profit CAGR exceeding 38% from 2019 to 2024 [15] - The MEMS technology market is expanding, with applications in consumer electronics, automotive, industrial, and aerospace sectors [16] - The company is actively pursuing new market opportunities, including partnerships in autonomous driving and low-altitude aviation [16] Group 5: Insights on Automotive Industry - The automotive market is seeing a shift towards intelligent and high-end vehicles, with a focus on new energy vehicles and the potential for significant growth in the second-hand car market [24] - Recent data indicates a 9% month-on-month increase in retail sales of passenger vehicles, despite a year-on-year decline [26] - Investment recommendations include companies with strong alpha potential and those benefiting from the ongoing reforms in state-owned enterprises [27]