Major Announcements - Guotai Group acquired 100% equity of Beikuan Baomao for 110 million yuan through public bidding [3] - People's Tongtai stock price has risen for four consecutive trading days, with a total increase of 46.43%, indicating potential rapid decline risk due to market sentiment [4] - Huasheng Lithium's stock price has deviated significantly, with a 62% revenue increase in the first three quarters, but still reporting a net loss of 10.3 million yuan [5] - Haishi Ke received approval for clinical trials of innovative drug HSK39297 for age-related macular degeneration, showing high development potential [6] - Angli Education postponed its response to an asset acquisition inquiry for no more than five trading days [7] - Shuguang Co. terminated its plan to issue shares to specific targets, with the Shanghai Stock Exchange halting the review [8] Performance Overview - JD Group reported third-quarter revenue of 299.1 billion yuan, a year-on-year increase of 14.9%, with net profit of 5.3 billion yuan [10] - SMIC achieved third-quarter net profit of 1.517 billion yuan, a 43.1% year-on-year increase, with revenue of 17.162 billion yuan [11][12] - Tencent Holdings reported third-quarter revenue of 192.87 billion yuan, a 15% year-on-year increase, with operating profit of 72.57 billion yuan [13] - Lu'an Huaneng's coal sales in October reached 3.78 million tons, a year-on-year increase of 3.28% [14] Shareholding Changes - Haicheng Bangda's director Wang Xiping plans to reduce his holdings by up to 0.97% due to personal financial needs [16] - Qisheng Technology's major shareholder reduced their stake to 40% through a block trade [17] - Tianwei Electronics' major shareholder Xie Kai reduced his holdings to below 5% [18] - Zhongzi Technology's major shareholders collectively reduced their stake by 1.35% [19] Major Contracts - Lichong Group's subsidiaries received project confirmations with an estimated total sales of approximately 1.135 billion yuan [21] - Anhui Construction's subsidiary won a project bid worth 1.753 billion yuan [22]

(本文来自第一财经) 11月13日，京东发布第三季度财报。财报提及，京东年度活跃用户数在10月突破7亿。新业务表现上， 京东CEO许冉表示，三季度京东外卖实现了环比投入收窄，这主要得益于其单均损益表现的改善。（第 一财经记者 陆涵之） ...

Core Insights - The Chinese e-commerce giant experienced a 55% drop in quarterly profit as it continues to expand into the competitive food-delivery sector and other new business ventures [1] Company Summary - The company is focusing on the food-delivery market, which is characterized by high competition [1] - The significant decline in profit indicates challenges faced during this expansion phase [1] Industry Summary - The food-delivery space is becoming increasingly competitive, impacting profitability for companies entering this market [1] - The shift towards new business areas may require substantial investment, affecting short-term financial performance [1]

人民财讯11月13日电，京东集团公告，2025年第三季度收入2991亿元，同比增长14.9%；归属于公司普 通股股东的净利润为53亿元，2024年同期为117亿元；非美国通用会计准则下归属于公司普通股股东的 净利润为58亿元，2024年同期为132亿元。 ...

执行费用220.0亿元人民币，同比+35%，预估196.8亿元人民币； 京东集团第三季度净营收达2990.6亿元人民币，同比增长15%，超出市场预期的2944亿元。尽管收入端表现稳健，但公司利润率出现大幅下 滑，反映出扩张投入加大对盈利能力的挤压。 京东首席财务官单苏表示，第三季度总收入同比增长14.9%，得益于各业务线的健康发展势头。公司在以旧换新政策的高基数背景下，仍对 巩固电子和家电领域的领先市场地位充满信心。 核心财务指标 净营收2990.6亿元人民币，同比+15%，预估2,944亿元人民币； 京东第三季度调整后息税折旧及摊销前利润（EBITDA）为25亿元人民币，同比下降83%，远低于市场预估的34.1亿元。 调整后运营利润率仅为0.1%，较上年同期的5%大幅收缩，显示公司在业务扩张过程中面临较大的成本压力。 执行费用同比增长35%至220亿元人民币，增速明显快于营收增速，成为利润率承压的主要原因。 三季度营销开支同比增加110.5% 京东集团财报显示，2025年三季度，营销开支由2024年第三季度的人民币100亿元增加110.5%至2025年第三季度的人民币211亿元（30亿美 元）。 调整后息税 ...

Exhibit 99.1 JD.COM ANNOUNCES THIRD QUARTER 2025 RESULTS Beijing, China—November 13, 2025—JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the "Company" or "JD.com"), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months ended September 30, 2025. • Net revenues were RMB299.1 billion (US$142.0 billion) for the third quarter of 2025, an increase of 14.9% from the third quarter of 2024. • Net income attri ...

Core Insights - JD Group reported Q3 2025 revenue of 299.1 billion RMB (approximately 42 billion USD), a year-on-year increase of 14.9%, exceeding expectations [1] - Net profit for Q3 was 5.3 billion RMB, down from 11.7 billion RMB in the same period last year [1] Retail Business Performance - The core retail business of JD Group strengthened its market position, with daily necessities category revenue growing by 18.8%, approximately four times the industry average growth rate [1] - Supermarket category revenue achieved double-digit growth for seven consecutive quarters [1] - Clothing and footwear category revenue growth was about eight times the industry average [1] - New businesses, including food delivery, saw a revenue increase of 214% year-on-year, accelerating growth compared to Q2 [1] Service Revenue Growth - Service revenue grew by 30.8% year-on-year, marking the highest growth rate in nearly two years, with revenue share reaching a historical high of 24.4% [1] User Growth and Business Strategy - The annual active user count surpassed 700 million in October, marking a new milestone [2] - The core retail business has established a multi-engine complementary growth matrix [2] - JD Group aims to consolidate its leading market position in the home appliance category while exploring growth potential in daily necessities and advertising services [2] - The food delivery business continues to expand, with improved unit economics leading to reduced losses [2] - Overall, all business segments are making steady progress, with expectations for synergistic growth to unlock long-term development potential [2]

"三季度，京东集团总收入同比增长14.9%，主要得益于各项业务的健康发展，"京东集团首席财务官单 甦先生表示。"本季度，京东零售收入同比增长11.4%，其中日用百货品类与广告服务收入增速较上季度 进一步加快，二者将成为我们重要的增长引擎。同时，本季度京东零售的毛利率与经营利润率也实现同 比稳步提升。集团合并层面的净利润表现主要反映了我们对新业务的投入，未来我们将在扩大新业务规 模的同时，逐步优化其财务模型。" 根据本公司于2024年8月采纳并至2027年8月有效的最高达50亿美元的股份回购计划，截至2025年9月30 日止九个月，本公司回购共计约8090万股A类普通股(相当于4040万股美国存托股)，总额约为15亿美 元。截至本公告日期，股份回购计划项下的剩余金额为 35亿美元。 京东集团-SW(09618)发布截至2025年9月30日止三个月第三季度业绩，该集团取得总收入人民币2990.59 亿元(单位下同)，同比增加14.85%;税前合并利润总额66.33亿元，同比减少56.49%;归属于本公司普通股 股东的净利润52.76亿元，同比减少55.03%;每股基本收益1.86元。 "三季度，我们的用户规模与购 ...

格隆汇11月13日｜"三季度，我们的用户规模与购物频次保持强劲增长，年度活跃用户数在10月份突破7 亿大关，创下新的里程碑，"京东集团首席执行官许冉女士表示。"核心京东零售业务已构建起多引擎互 补的增长矩阵。虽然带电品类面临以旧换新高基数的影响，我们有信心进一步巩固在该领域的领先市场 地位，并挖掘日用百货品类与广告服务的巨大增长潜力。此外，京东外卖继续扩大业务规模，并与京东 零售不断加深协同效应，与此同时，三季度京东外卖实现了环比投入收窄，这主要得益于其单均损益表 现的改善。整体来看，我们各项业务均取得稳健进展，相信它们将协同发力，充分释放我们整体业务生 态的长期发展潜能。" ...

Core Insights - JD's food delivery service has shown healthy growth in Q3 2025, with steady increases in both GMV and order volume while reducing overall investment [1] - The improvement in profitability per order is attributed to enhanced operational efficiency and rational competition within the industry [1] - The synergy between JD's food delivery and core retail business has been beneficial, particularly in user growth, frequency of purchases, and cross-category shopping [1] - The launch of "Seven Fresh Kitchen" has received widespread consumer recognition, maintaining high daily order volumes, representing a significant innovation in the supply chain model for the food delivery industry [1]