Financial Performance - For the three months ended September 30, 2024, JD Logistics reported revenue of RMB 44,395,616 thousand, a 6.6% increase from RMB 41,662,646 thousand in the same period of 2023[2] - The non-IFRS net profit for the third quarter of 2024 reached RMB 2,572,583 thousand, reflecting a significant increase of 205.1% compared to RMB 843,078 thousand in the same quarter of 2023[2] - The gross profit for the third quarter of 2024 was RMB 5,197,449 thousand, up 57.5% from RMB 3,300,429 thousand year-over-year[2] - The company achieved a non-IFRS EBITDA of RMB 5,726,417 thousand for the third quarter of 2024, compared to RMB 3,834,399 thousand in the same period of 2023, marking a 49.3% increase[2] - Revenue from JD Group reached RMB 12.79 billion, accounting for 28.8% of total revenue, while revenue from others was RMB 31.61 billion, making up 71.2%[10] - Operating costs increased by 2.2% to RMB 39.2 billion, with the percentage of operating costs to revenue decreasing by 3.8 percentage points to 88.3%[11] - Gross profit rose from RMB 3.3 billion to RMB 5.2 billion, with gross margin increasing from 7.9% to 11.7%[13] - Net profit increased significantly from RMB 500 million to RMB 2.4 billion, primarily due to the increase in gross profit[17] - Free cash flow for the period was RMB 2.7 billion, up from RMB 2.1 billion in the same period last year[22] - Total cash resources amounted to RMB 47.1 billion as of September 30, 2024[21] Customer and Market Growth - The number of external integrated supply chain customers increased from 54,212 to 59,286, contributing to a 5.4% rise in revenue from integrated supply chain customers to RMB 20,662,768 thousand[8] - Revenue from other customers increased by 7.6% to RMB 23,732,848 thousand, driven primarily by growth in express delivery services[8] Operational Developments - JD Logistics opened new warehouses in Malaysia and the United States in Q3 2024, enhancing its global logistics network and service capabilities[3] - The company’s warehousing network now includes over 1,600 self-operated warehouses and more than 2,000 third-party operated cloud warehouses, covering nearly all counties in China[4] Expenditures and Investments - The company’s total human resources expenditure reached RMB 87 billion for the twelve months ending September 30, 2024, reflecting its commitment to job creation and social contribution[4] - Research and development expenses remained stable at RMB 912.7 million compared to RMB 866.5 million in the previous year[15] - Sales and marketing expenses were stable at RMB 1.4 billion for both periods[14] - The company maintained stable rental costs at RMB 3.1 billion for both periods[11] Sustainability and Recognition - JD Logistics was recognized in the S&P Global 2024 Sustainability Yearbook as an industry best performer in corporate sustainability assessment[4] Corporate Governance - The board expresses gratitude to all employees, customers, and business partners for their continued support and trust[23] - The board includes executive director Hu Wei, non-executive director Liu Qiangdong, and independent non-executive directors Gu Yi, Zhao Xiande, Zhang Yang, and Ye Lin[24]
京东物流(02618) - 2024 Q3 - 季度业绩