The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!JD.com, Inc. (NASDAQ: JD ) ( OTCPK:JDCMF ) is a Chinese e-commerce player that has delivered strong quarterly earnings results once again. While the stock rallied on the ...

Financial Performance - Net revenues for Q3 2024 were RMB260.4 billion (US$37.1 billion), a 5.1% increase from Q3 2023[4] - Income from operations rose to RMB12.0 billion (US$1.7 billion), marking a 29.5% increase year-on-year, with an operating margin of 4.6%[5] - Net income attributable to ordinary shareholders increased by 47.8% to RMB11.7 billion (US$1.7 billion), with a net margin of 4.5%[21] - Non-GAAP net income attributable to ordinary shareholders was RMB13.2 billion (US$1.9 billion), a 23.9% increase from the previous year[21] - Total consolidated net revenues for Q3 2024 reached RMB260.4 billion (US$37.1 billion), representing a year-over-year increase of 5.1%[30] - JD Retail segment revenues increased by 6.1% year-over-year to RMB225.0 billion (US$32.1 billion) in Q3 2024[29] - JD Logistics segment revenues grew by 6.6% year-over-year to RMB44.4 billion (US$6.3 billion) in Q3 2024[29] - Non-GAAP net income for the nine months ended September 30, 2024, was RMB31,505 million, compared to RMB20,778 million for the same period in 2023, indicating a growth of approximately 51.6%[46] - Non-GAAP net income attributable to the Company's ordinary shareholders for Q3 2024 was RMB13,174 million, representing a 24% increase from RMB10,637 million in Q3 2023[49] - Total net revenues for the three months ended September 30, 2024, were RMB260,387 million, representing a 5.5% increase compared to RMB247,698 million for the same period in 2023[57] Cash Flow and Liquidity - For Q3 2024, the company reported a free cash flow of RMB(13.8) billion (US$(1.97) billion), compared to RMB8.3 billion in Q3 2023, indicating a significant decline[23] - Net cash used in operating activities for Q3 2024 was RMB6.2 billion (US$0.9 billion), a decrease of RMB21.2 billion compared to Q3 2023, primarily due to payment delays and swift payments for supplies[24] - Free cash flow for the twelve months ended September 30, 2024, was RMB33.6 billion (US$4.8 billion), down from RMB39.4 billion in the previous year[27] - Cash and cash equivalents as of September 30, 2024, were RMB99,092 million, an increase from RMB71,892 million as of December 31, 2023[43] - The company experienced a net increase in cash and cash equivalents of RMB12,909 million in Q3 2024, down from RMB24,719 million in Q3 2023[51] Expenses and Investments - Marketing expenses increased by 25.7% to RMB10.0 billion (US$1.4 billion), representing 3.8% of net revenues[16] - Research and development expenses rose by 15.9% to RMB4.4 billion (US$0.6 billion), accounting for 1.7% of net revenues[17] - Capital expenditures for development properties in Q3 2024 amounted to RMB3.5 billion (US$0.5 billion)[23] - Research and development expenses for Q3 2024 were RMB172 million, down from RMB203 million in Q3 2023[49] Shareholder Actions - The company completed a share repurchase of approximately 31.0 million Class A ordinary shares for about US$390 million in Q3 2024[8] Segment Reporting and Business Developments - The company has restructured its reporting segments into JD Retail, JD Logistics, and New Businesses to better align with its operational strategies[28] - JD.com expanded its apparel and accessories business and launched flagship stores for French luxury brands BALENCIAGA and SAINT LAURENT[11] - JD Health introduced online payment through individual medical insurance accounts in twelve cities, covering over 100 million people[11] - JD Logistics integrated with Taobao and Tmall platforms, enhancing service offerings for merchants[11] Assets and Liabilities - As of September 30, 2024, the company's cash and cash equivalents totaled RMB196.8 billion (US$28.0 billion), a slight decrease from RMB197.7 billion as of December 31, 2023[23] - Total assets increased to RMB643,559 million as of September 30, 2024, compared to RMB628,958 million as of December 31, 2023, showing a growth of approximately 2.5%[43] - Total liabilities as of September 30, 2024, were RMB346,814 million, up from RMB332,578 million as of December 31, 2023, representing an increase of about 4.3%[44] Non-GAAP Measures and Future Outlook - The Company emphasizes the importance of non-GAAP financial measures for evaluating operating performance and future prospects, despite their limitations[37] - Forward-looking statements indicate that JD.com anticipates growth in the Chinese e-commerce market and plans to enhance customer retention and revenue generation from repeat customers[39] - Non-GAAP operating margin improved to 5.0% in Q3 2024 from 4.5% in Q3 2023[56] Impairments and Other Adjustments - The Company reported an impairment of goodwill and long-lived assets amounting to RMB1,036 million for the three months ended September 30, 2024, compared to RMB384 million in the same period of 2023[57] - The Company experienced a loss from fair value change of long-term investments of RMB360 million for the three months ended September 30, 2024, compared to a gain of RMB783 million in the same period of 2023[57] - Share-based compensation decreased to RMB639 million for the three months ended September 30, 2024, down from RMB1,078 million in the same period of 2023[57] - The Company recorded a reversal of gain on disposals of investments amounting to RMB49 million for the three months ended September 30, 2024, compared to a loss of RMB5 million in the same period of 2023[57] - The effects of business cooperation arrangements and non-compete agreements contributed RMB113 million for the three months ended September 30, 2024, slightly up from RMB112 million in the same period of 2023[57] - Tax effects on non-GAAP adjustments showed a reversal of RMB67 million for the three months ended September 30, 2024, compared to a reversal of RMB96 million in the same period of 2023[57]

Revenue Growth - Net revenues increased by 5.1% to RMB260.4 billion (US$37.1 billion) for Q3 2024, driven by growth in electronics, home appliances, and general merchandise[1][14] - JD Retail net revenues increased 6.1% YoY to RMB224.986 billion (US$32.060 billion) in Q3 2024[19] - JD Logistics net revenues grew 6.6% YoY to RMB44.396 billion (US$6.326 billion) in Q3 2024[19] - General merchandise revenues grew 8.0% YoY to RMB82.053 billion (US$11.692 billion) in Q3 2024[19] - Logistics and other service revenues increased 6.5% YoY to RMB35.011 billion (US$4.989 million) in Q3 2024[19] - Total consolidated net revenues increased 5.1% YoY to RMB260.387 billion (US$37.105 billion) in Q3 2024[21] - Total net revenues for the three months ended September 30, 2024, increased to RMB 260,387 million (US$ 37,105 million), up from RMB 247,698 million in the same period last year[35] - Net product revenues for the three months ended September 30, 2024, increased to RMB 204,613 million (US$ 29,157 million), up from RMB 195,304 million in the same period last year[35] - Net service revenues for the three months ended September 30, 2024, rose to RMB 55,774 million (US$ 7,948 million), up from RMB 52,394 million in the same period last year[35] - Total net revenues for Q3 2024 were RMB 260,387 million (US$ 37,105 million), up from RMB 247,698 million in Q3 2023[44] Profitability and Margins - Income from operations rose 29.5% to RMB12.0 billion (US$1.7 billion) with an operating margin of 4.6%, up from 3.8% in Q3 2023[2][15] - Net income attributable to ordinary shareholders surged 47.8% to RMB11.7 billion (US$1.7 billion), with a net margin of 4.5%, up from 3.2% in Q3 2023[3][15] - Diluted net income per ADS increased 54.6% to RMB7.73 (US$1.10) for Q3 2024[4][15] - Non-GAAP net income attributable to JD.com's ordinary shareholders increased to RMB 13,174 million (US$ 1,877 million) for Q3 2024, up from RMB 10,637 million in Q3 2023[37] - Non-GAAP operating margin improved to 5.0% in Q3 2024 from 4.5% in Q3 2023[43] - Non-GAAP EBITDA margin increased to 5.8% in Q3 2024 from 5.2% in Q3 2023[43] - Non-GAAP net margin attributable to JD.com's ordinary shareholders increased to 5.1% in Q3 2024 from 4.3% in Q3 2023[44] Share Repurchase and Equity - JD.com repurchased 31.0 million Class A ordinary shares (15.5 million ADSs) for US$390 million in Q3 2024, totaling 1.1% of outstanding shares[6] - JD.com launched a new US$5.0 billion share repurchase program effective from September 2024 through August 2027[7] - Total shareholders' equity as of September 30, 2024, was RMB 228,611 million (US$ 32,576 million), slightly down from RMB 231,858 million as of December 31, 2023[31] Cash Flow and Financial Position - Free cash flow for Q3 2024 was negative RMB13.8 billion (US$1.97 billion), compared to positive RMB8.3 billion in Q3 2023[16] - Net cash used in operating activities decreased by RMB21.2 billion to RMB6.2 billion (US$0.9 billion) in Q3 2024 compared to Q3 2023[17] - Net cash provided by investing activities was RMB21.7 billion (US$3.1 billion) in Q3 2024, primarily from maturity of short-term investments[17] - Net cash used in financing activities was RMB1.8 billion (US$0.3 billion) in Q3 2024, mainly due to share repurchases[17] - Free cash flow for the twelve months ended September 30, 2024 was RMB33.569 billion (US$4.784 billion), down from RMB39.396 billion in the prior year[18] - Free cash flow for Q3 2024 was negative at RMB -13,809 million (US$ -1,968 million), compared to RMB 8,264 million in Q3 2023[39] - Operating cash flow for the trailing twelve months (TTM) decreased to RMB 52.8 billion in Q3 2024 from RMB 58.4 billion in Q3 2023[40] Segment Performance - New Businesses segment revenues declined 25.7% YoY to RMB4.970 billion (US$708 million) in Q3 2024[19] Assets and Liabilities - Total assets as of September 30, 2024, stood at RMB 643,559 million (US$ 91,706 million), up from RMB 628,958 million as of December 31, 2023[29] - Short-term investments as of September 30, 2024, were RMB 91,801 million (US$ 13,082 million), down from RMB 118,254 million as of December 31, 2023[29] - Accounts receivable, net as of September 30, 2024, were RMB 19,714 million (US$ 2,809 million), slightly down from RMB 20,302 million as of December 31, 2023[29] - Inventories, net as of September 30, 2024, increased to RMB 72,883 million (US$ 10,386 million), up from RMB 68,058 million as of December 31, 2023[29] - Total current liabilities as of September 30, 2024, were RMB 265,553 million (US$ 37,841 million), slightly down from RMB 265,650 million as of December 31, 2023[32] Operational Metrics - Inventory turnover days increased slightly to 30.4 days in Q3 2024 from 30.8 days in Q3 2023[40] - Accounts payable turnover days increased to 57.5 days in Q3 2024 from 52.6 days in Q3 2023[40] Strategic Initiatives - JD Health enabled online payment through individual medical insurance accounts in 12 cities, covering over 100 million people and nearly 2,000 pharmacies[11] - JD Logistics partnered with Taobao and Tmall, completing system integration and allowing merchants to use JD Logistics services[12] Marketing Expenses - Marketing expenses increased 25.7% to RMB10.0 billion (US$1.4 billion) due to higher promotion spending, accounting for 3.8% of net revenues[14]

JD.com, Inc. (JD) is slated to report third-quarter 2024 results on Nov. 14.For the third quarter, the Zacks Consensus Estimate for revenues is pegged at $36.54 billion, indicating growth of 7.64% from the year-ago quarter’s reported figure.The consensus mark for earnings is pinned at $1.09 per share, suggesting 18.48% growth from the prior-year quarter’s reported number. The figure has been revised 5.8% upward over the past 30 days.Image Source: Zacks Investment ResearchFind the latest EPS estimates and su ...

Tepper is dumping Wall Street's hottest artificial intelligence (AI) stock in favor of a cash-rich growth stock in China.Important data releases aren't hard to come by on Wall Street. For roughly six weeks every quarter, an overwhelming majority of the stock market's most-influential businesses report their operating results. Were this not enough, economic data is announced Monday through Friday. All of this news can make it easy for something important to slip through the cracks.For instance, while most in ...

On Wednesday, the day after the U.S. presidential election, Chinese tech stocks slumped as investors responded to Donald Trump’s election victory. Trump, who has pledged to place a 60% tariff on most goods importedAnalyst’s Disclosure: I/we have a beneficial long position in the shares of BABA, PDD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no busi ...

China stocks plunged in the wake of the US general election and former President Trump’s decisive win. Increased tariffs that were once looming are now a probable reality shortly after the 47th POTUS re-assumes officeFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financ ...

JD.com, Inc. (JD) closed the most recent trading day at $39.86, moving -1.43% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw a decrease of 0.33%.The company's shares have seen a decrease of 13.9% over the last month, not keeping up with the Retail-Wholesale sector's gain of 1.01% and the S&P 500's gain of 0.41%.The investment community will be closely monitoring t ...

BEIJING, Oct. 31, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited third quarter 2024 financial results on Thursday, November 14, 2024, before the U.S. market opens. JD.com's management will hold a conference call at 7:00 am, Eastern Time on November 14, 2024, (8:00 pm, Beijing/Hong Kong Time on November 14, 2024) to discuss the third qua ...

The stock market encountered a momentary halt on Monday as key indices retreated after strong gains in recent weeks. The Dow Jones Industrial Average and the S&P 500, which reached record highs on Friday, faced downward pressure from rising Treasury yields and investor concerns over high valuations and future rate cuts. This cautious sentiment arises as investors prepare for a crucial earnings week, with major S&P 500 companies like Tesla, Inc. (TSLA) and The Coca-Cola Company (KO) set to report their resul ...