京东物流(02618)发布公告，自2025年8月14日起，邓以海先生已获委任为独立非执行董事。 ...

Group 1 - The core viewpoint of the article highlights that JD Logistics reported revenue and net profit growth for Q2 and the first half of 2025, but experienced a decline in gross margin [1][3][4] Group 2 - In Q2 2025, JD Logistics generated revenue of 51.6 billion yuan, a year-on-year increase of 16.6%, with adjusted net profit reaching 2.6 billion yuan, up 5.4% year-on-year [1] - Revenue from integrated supply chain customers was 26.9 billion yuan, reflecting a 26.3% increase year-on-year, with the number of external integrated supply chain customers rising by 7,965 [1][3] - The revenue from other customers was 24.7 billion yuan, showing a year-on-year growth of 7.6% [1] Group 3 - The revenue structure indicates that income from JD Group (including delivery services) was 17.8 billion yuan, accounting for 34.4%, while external customer revenue was 33.8 billion yuan, making up 65.6% [3] - The proportion of revenue from external customers decreased by 3.8 percentage points compared to the same period last year [3] Group 4 - JD Logistics' operating costs increased by 18.3% to 46.1 billion yuan, slightly outpacing revenue growth [3] - Employee compensation and benefits rose by 20.1% to 18.2 billion yuan, driven by an increase in operational staff [3] - Outsourcing costs surged by 20.5% to 16.9 billion yuan due to business growth, while other operating costs increased by 20.8% to 6.6 billion yuan [3] Group 5 - In Q2 2025, JD Logistics reported gross profit of 5.5 billion yuan and a gross margin of 10.6%, down from 11.9% in the same quarter of 2024 [3] - For the first half of 2025, total revenue was 98.5 billion yuan, a 14.1% increase year-on-year, with adjusted net profit reaching 3.34 billion yuan [4] - Revenue from integrated supply chain customers for the first half grew by 19.9% to 50.1 billion yuan, while revenue from other customers increased by 8.7% to 48.4 billion yuan [4] Group 6 - Revenue from JD Group for the first half was 32.5 billion yuan, while external customer revenue was 66.1 billion yuan, with the external customer revenue share decreasing by 2.3 percentage points [4] - The gross profit for the first half was 8.9 billion yuan, with a gross margin of 9.0%, down from 9.8% in the same period of 2024 [4] Group 7 - JD Logistics also reported the mid-year performance of its subsidiary, Debang Logistics, with revenue of approximately 20.6 billion yuan, a year-on-year increase of 11.43%, but net profit attributable to Debang shareholders decreased by 84.34% to approximately 52.15 million yuan [4]

Core Insights - JD Logistics reported a total revenue of 98.53 billion yuan for the first half of 2025, representing a year-on-year growth of 14.1% [2] - The integrated supply chain revenue grew by 26.3% in the second quarter, leading the industry [2] - Adjusted net profit for the first half of 2025 reached 3.34 billion yuan, exceeding market expectations [2] Revenue Growth - JD Logistics' integrated supply chain customer revenue was approximately 50.11 billion yuan, with a year-on-year increase of 19.9% [2] - The number of external integrated supply chain customers exceeded 70,000, with an average revenue per customer of 239,000 yuan [2] Industry Collaboration - In the home appliance sector, JD Logistics expanded its collaboration with a well-known brand to include a comprehensive supply chain solution, significantly improving logistics efficiency and reducing damage and complaint rates [3] - The company also enhanced its service offerings in the apparel sector, addressing high return rates and slow inventory turnover through improved logistics solutions [4] Technological Innovation - JD Logistics emphasized technological innovation, integrating smart logistics solutions across all supply chain segments to enhance operational efficiency [5] - The "Smart Wolf" solution for intelligent warehousing has been deployed in multiple key cities, marking a new phase of large-scale application [5] Service Expansion - The "JD Service+" platform has launched various industry-leading solutions in areas such as appliance installation and maintenance, serving over 100 million users nationwide [6] - The company has also begun recruiting full-time delivery personnel to enhance its last-mile delivery capabilities [5]

央广网北京8月14日消息（记者 马文静）8月14日，京东物流发布2025年年度中期业绩报告。截至6 月30日，京东物流总收入达到985.3亿元，同比增长14.1%。通过技术赋能、网络布局优化和精细化管理 等举措，京东物流盈利水平稳健提升，上半年经调整后净利润达33.4亿元，第二季度一体化供应链收入 增长达26.3%。 ...

Financial Data and Key Metrics Changes - In Q2 2025, JD Logistics reported total revenue of RMB 51.56 billion, reflecting a year-over-year growth of 16.6% [6][27] - Revenue from external customers reached RMB 33.8 billion, increasing by 10.2% year-over-year [6] - Non-IFRS profit was approximately RMB 2.59 billion, up 5.4% year-over-year, with a non-IFRS profit margin of 5% [7][36] - IFRS profit was RMB 2.35 billion, marking a 4.6% increase year-over-year, with an IFRS profit margin of 4.2% [27] Business Line Data and Key Metrics Changes - Revenue from ISV customers totaled RMB 26.91 billion, up 26.3% year-over-year, with revenue from JD Group increasing by 31.2% [7][27] - The number of external ISC customers reached 65,848, a 13.8% increase year-over-year [8][28] - Average revenue per external ISC customer was RMB 139,000, representing a year-over-year growth of 3.5% [28] Market Data and Key Metrics Changes - Revenue from other customers, primarily including Express and Freight Delivery services, reached RMB 24.66 billion, up 7.2% year-over-year [15][28] - The company maintained a leading position in customer satisfaction ratings among logistics service providers in China [19] Company Strategy and Development Direction - The company is focused on enhancing industry-specific service capacities and upgrading supply chain offerings to meet unique customer needs [9][10] - JD Logistics is expanding its overseas footprint, launching Joy Express in Saudi Arabia and establishing a comprehensive logistics network [14][15] - The company aims to optimize customer experience, cost, and efficiency while adhering to a customer-first approach [25][38] Management's Comments on Operating Environment and Future Outlook - Management noted that the logistics industry continues to play a vital role in China's economic recovery, driving revenue growth through enhanced service capabilities [5][6] - The company expects to maintain growth momentum in the second half of 2025, particularly in international markets [44][45] - Management emphasized the importance of technological innovation and operational model improvements for long-term growth [36][38] Other Important Information - Employee benefit expenses increased by 20.1% year-over-year, reflecting a rise in frontline operation employees [31] - The company has invested in automation and technology to enhance operational efficiency and reduce costs [22][35] Q&A Session Summary Question: What are the growth triggers and expectations for the next half year? - Management highlighted that growth is driven by retail and contributions from JD Group, with positive outcomes from collaborations and improvements in rider contributions [41][42] Question: Can you provide details about the food delivery business and its synergies? - Management stated that the food delivery business is expanding, with new riders being recruited and synergies between riders and couriers improving efficiency [50][52] Question: What are the expectations for external ISC growth in the second half? - Management expressed confidence in the growth trajectory of external ISC customers, citing cost-effective services and strong demand [55][60]

Financial Data and Key Metrics Changes - In Q2 2025, JD Logistics reported total revenue of RMB 51.56 billion, reflecting a year-over-year growth rate of 16.6% [7] - Revenue from external customers reached RMB 33.8 billion, increasing by 10.2% year-over-year [7] - Non-IFRS profit was approximately RMB 2.59 billion, up 5.4% year-over-year, with a non-IFRS profit margin of 5% [35][37] - IFRS profit was RMB 2.35 billion, marking a 4.6% year-over-year increase, with an IFRS profit margin of 4.2% [27] Business Line Data and Key Metrics Changes - Revenue from ISV customers totaled RMB 26.91 billion, up 26.3% year-over-year, with revenue from JD Group increasing by 31.2% [8][27] - The number of external ISC customers reached 65,848, a 13.8% increase year-over-year [9][28] - Average revenue per external ISC customer was RMB 139,000, representing a year-over-year growth of 3.5% [28] Market Data and Key Metrics Changes - Revenue from other customers, primarily including Express and Freight Delivery services, reached RMB 24.66 billion, up 7.2% year-over-year [15][28] - The company maintained a leading position in customer satisfaction ratings among logistics service providers in China [18] Company Strategy and Development Direction - The company is focused on enhancing industry-specific service capacities and upgrading supply chain offerings tailored to customer needs across various industries [10][14] - JD Logistics is actively expanding its overseas footprint, launching Joy Express in Saudi Arabia and establishing a comprehensive logistics network [14][15] - The company aims to optimize customer experience, cost, and efficiency while adhering to a customer-first approach [25][37] Management's Comments on Operating Environment and Future Outlook - Management noted that the growth momentum is driven by retail and contributions from the JD Group, with expectations for continued growth in the second half of 2025 [40][41] - The company is optimistic about its international business expansion, particularly in the Asia Pacific, Europe, and the Middle East [42][44] - Management emphasized the importance of technological innovation and service upgrades to maintain competitive advantages [22][37] Other Important Information - Employee benefit expenses increased by 20.1% year-over-year, reflecting a rise in the number of frontline operation employees [30] - The company has deployed hundreds of unmanned vehicles across various properties in China to enhance operational efficiency [24] Q&A Session Summary Question: What are the growth triggers and expectations for the next half year? - Management indicated that growth is driven by multiple factors, including retail performance and contributions from riders, with positive outcomes expected from collaborations [40][41] Question: Can you provide details about the food delivery service and its synergies with other sectors? - Management highlighted the recruitment of new riders and the natural integration of food delivery with existing services, aiming to improve efficiency and personal income for employees [49][51] Question: What are the expectations for external ISC growth in the second half? - Management expressed confidence in the growth trajectory of external ISC customers, citing cost-effective services and tailored solutions for various industries [54][59] Question: What are the long-term expectations for gross margin? - Management believes there is room for improvement in gross margin due to better customer experiences and product offerings, with expectations for increased revenue and profit in the long run [59][60]

京东物流(02618)公布德邦物流(603056.SH)2025年中期业绩，收入约205.55亿元，同比增长11.43%;归属 于德邦股东的净利润约5214.78万元，同比减少84.34%;基本每股收益0.05元。 ...

智通财经APP讯，京东物流(02618)公布德邦物流(603056.SH)2025年中期业绩，收入约205.55亿元，同比 增长11.43%;归属于德邦股东的净利润约5214.78万元，同比减少84.34%;基本每股收益0.05元。 ...

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分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。 JD Logistics, Inc. 京東物流股份有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2618） 內幕消息 2 1. 為避免疑義，上表中的所有數據均摘自該中期報告。 2. 本報告期指截至2025年6月30日止六個月。去年同期指截至2024年6月30日止六個月。 3. 截 至2025年6月30日 止 六 個 月，歸 屬 於 德 邦 股 東 的 扣 除 非 經 常 性 損 益 的 淨（虧 損）╱ 利 潤 為 虧 損 人 民 幣 33,439,734.77元，相當於與去年同期相比，轉盈為虧（截至2024年6月30日止六個月：盈利人民幣197,605,857.66 元）。 4. 截至2025年6月30日止六個月，扣除非經常性損益的基本每股（虧損）╱收益為虧損人民幣0.03元╱股，相當於 與去年同期相比，轉盈為虧（截至2024年6月30日止六個月：收益人民幣0.20元╱股）。 5. 截至202 ...

8月14日，京东物流发布2025年年度中期业绩报告。截至6月30日，京东物流总收入达到985.3亿元，同 比增长14.1%。通过技术赋能、网络布局优化和精细化管理等举措，有效提升了资源利用效率、降低物 流成本，盈利水平稳健提升，上半年京东物流经调整后净利润达33.4亿元，营收、营收增长及净利润额 均超市场预期，第二季度一体化供应链收入增长达26.3%，领跑行业。 ...