Financial Performance - Total revenue for 2023 reached RMB 166.6 billion, a year-on-year increase of 21.3%[3] - Revenue from external clients in 2023 was RMB 116.6 billion, accounting for 70.0% of total revenue, a 30.8% increase year-on-year[4] - Gross profit for 2023 was RMB 12.68 billion, a 25.6% increase compared to 2022[3] - Non-IFRS profit for 2023 was RMB 2.76 billion, a 218.8% increase year-on-year[3] - Non-IFRS EBITDA for 2023 was RMB 14.61 billion, a 32.9% increase compared to 2022[3] - Total revenue reached RMB 166.6 billion, a year-on-year increase of 21.3%, with external customer revenue accounting for RMB 116.6 billion, up 30.8% and representing 70.0% of total revenue[7] - Revenue from integrated supply chain customers reached RMB 81.5 billion, with external integrated supply chain customer revenue at RMB 31.4 billion, up 7.7% year-on-year[7] - Revenue from other clients reached RMB 85.2 billion, a year-on-year increase of 42.0%[12] - The company's revenue for the three months ended December 31, 2023, was RMB 47.2 billion, an increase from RMB 43.0 billion in the same period in 2022[26] - The company's gross profit for the three months ended December 31, 2023, was RMB 4.35 billion, up from RMB 3.82 billion in the same period in 2022[26] - The company's non-IFRS profit for the three months ended December 31, 2023, was RMB 1.80 billion, compared to RMB 1.00 billion in the same period in 2022[26] - Total revenue increased by 9.7% from RMB 43.0 billion in Q4 2022 to RMB 47.2 billion in Q4 2023[27] - Revenue from integrated supply chain customers grew by 8.8% from RMB 21.1 billion in Q4 2022 to RMB 23.0 billion in Q4 2023[27] - Revenue from other customers increased by 10.6% from RMB 21.9 billion in Q4 2022 to RMB 24.2 billion in Q4 2023[27] - Average revenue per integrated supply chain customer rose by 15.4% from RMB 135,172 in Q4 2022 to RMB 155,974 in Q4 2023[27] - Gross profit margin improved from 8.9% in Q4 2022 to 9.2% in Q4 2023[30] - Net profit surged from RMB 491.9 million in Q4 2022 to RMB 1,241.8 million in Q4 2023[34] - Annual revenue increased by 21.3% from RMB 137.4 billion in 2022 to RMB 166.6 billion in 2023[35] - Annual gross profit rose by 25.6% from RMB 10.1 billion in 2022 to RMB 12.7 billion in 2023[35] - Non-IFRS annual profit increased by 218.8% from RMB 866.0 million in 2022 to RMB 2,760.8 million in 2023[35] - Non-IFRS annual EBITDA grew by 32.9% from RMB 10.99 billion in 2022 to RMB 14.61 billion in 2023[35] - Total revenue increased by 21.3% from RMB 137.4 billion in 2022 to RMB 166.6 billion in 2023[36] - Revenue from integrated supply chain customers grew by 5.2% from RMB 77.4 billion in 2022 to RMB 81.5 billion in 2023[36] - Revenue from other customers surged by 42.0% from RMB 60.0 billion in 2022 to RMB 85.2 billion in 2023[36] - Average revenue per integrated supply chain customer increased by 15.2% from RMB 365,015 in 2022 to RMB 420,363 in 2023[36] - Operating costs rose by 20.9% from RMB 127.3 billion in 2022 to RMB 153.9 billion in 2023[38] - Gross profit and gross margin improved to RMB 12.7 billion and 7.6% in 2023, compared to RMB 10.1 billion and 7.4% in 2022[39] - R&D expenses increased by 14.4% from RMB 3.1 billion in 2022 to RMB 3.6 billion in 2023[41] - The company recorded a net profit of RMB 1.2 billion in 2023, compared to a net loss of RMB 1.1 billion in 2022[44] - Non-IFRS profit for the quarter increased to RMB 1,803,595 thousand, up from RMB 1,004,210 thousand in the same period last year[45] - Non-IFRS profit margin for the quarter improved to 3.8%, compared to 2.3% in the previous year[45] - Annual Non-IFRS profit surged to RMB 2,760,844 thousand from RMB 866,031 thousand in 2022[46] - Annual Non-IFRS profit margin rose to 1.7%, up from 0.6% in 2022[46] - Quarterly Non-IFRS EBITDA reached RMB 4,970,796 thousand, with a margin of 10.5%, up from 9.2% in 2022[47] - Annual Non-IFRS EBITDA increased to RMB 14,605,753 thousand, with a margin of 8.8%, compared to 8.0% in 2022[47] - Net cash from operating activities for the year was RMB 16,352,016 thousand, up from RMB 13,314,224 thousand in 2022[49] - Free cash inflow for 2023 was RMB 2.8 billion, compared to RMB 1.3 billion in 2022[49] - Total cash resources at the end of 2023 amounted to RMB 42.2 billion[49] - Net cash used in investing activities in 2023 was RMB 15.1 billion, primarily due to RMB 13.5 billion in fixed deposits, RMB 12.9 billion in financial assets at fair value through profit or loss, and RMB 8.9 billion in amortized cost financial investments[52] - Net cash used in financing activities in 2023 was RMB 5.5 billion, mainly due to RMB 7.4 billion in lease principal payments and RMB 4.4 billion in loan repayments[53] - The company's capital-to-debt ratio as of December 31, 2023, was approximately 20.7%[54] - Total employee compensation and benefits expenses in 2023, including share-based payment expenses, were RMB 62.2 billion, a 22.3% increase from 2022[56] - The company's outstanding borrowings as of December 31, 2023, were RMB 10 billion[58] - Revenue for the year ended December 31, 2023, was RMB 166.6 billion, compared to RMB 137.4 billion in 2022[60] - Net profit for the year ended December 31, 2023, was RMB 1.17 billion, compared to a net loss of RMB 1.09 billion in 2022[60] - Total assets as of December 31, 2023, were RMB 112.9 billion, compared to RMB 106.7 billion in 2022[62] - Total revenue for 2023 reached RMB 166,624,712 thousand, a 21.3% increase from RMB 137,402,008 thousand in 2022[68] - Integrated supply chain customers contributed RMB 81,470,338 thousand to revenue in 2023, up 5.2% from RMB 77,435,959 thousand in 2022[68] - Other customers' revenue surged 42.1% to RMB 85,154,374 thousand in 2023 from RMB 59,966,049 thousand in 2022[68] - Net cash generated from operating activities increased to RMB 16,352,016 thousand in 2023, up 22.8% from RMB 13,314,224 thousand in 2022[64] - Total equity grew to RMB 55,373,635 thousand in 2023, a 4.1% increase from RMB 53,208,561 thousand in 2022[63] - Total liabilities increased to RMB 57,528,082 thousand in 2023, up 7.5% from RMB 53,488,710 thousand in 2022[63] - Cash and cash equivalents decreased to RMB 17,207,027 thousand at the end of 2023, down 20% from RMB 21,495,352 thousand at the end of 2022[64] - Basic earnings per share improved to RMB 0.10 in 2023 from a loss of RMB 0.23 per share in 2022[69] - Employee compensation and benefits expenses rose 22.3% to RMB 62,174,846 thousand in 2023 from RMB 50,826,522 thousand in 2022[69] - Outsourcing costs increased 16.9% to RMB 60,257,890 thousand in 2023 from RMB 51,554,840 thousand in 2022[69] - Trade receivables as of December 31, 2023, amounted to RMB 15,251,399 thousand, with a credit loss provision of RMB 542,274 thousand, resulting in a net trade receivables of RMB 14,709,125 thousand[73] - Trade payables as of December 31, 2023, totaled RMB 8,729,612 thousand, including RMB 33,438 thousand under supplier financing arrangements[73] - Overdue but not credit-impaired trade receivables as of December 31, 2023, were RMB 832.0 million, up from RMB 776.5 million in 2022[73] - Trade payables aged within 3 months as of December 31, 2023, were RMB 7,785,554 thousand, down from RMB 8,403,131 thousand in 2022[74] Logistics and Supply Chain - The number of external integrated supply chain clients with annual revenue contribution of at least RMB 10 million increased in both quantity and average revenue per client in 2023[5] - JD Logistics continued to enhance its logistics infrastructure and integrate with Deppon Logistics in 2023[5] - The company's warehouse automation solutions and products have been adopted by external clients in industries such as auto parts, apparel, and pharmaceuticals[5] - The number of external integrated supply chain customers contributing at least RMB 10 million annually increased to 384, up 6.1%, with average revenue per customer reaching RMB 45.9 million, up 8.8%[8] - External integrated supply chain customers totaled 74,714, with average revenue per customer at RMB 420,000, up 15.2%[9] - Revenue from external integrated supply chain customers contributing at least RMB 10 million accounted for 56.1% of total external integrated supply chain revenue, up from 52.3% in 2022[10] - The company operates over 1,600 warehouses, 19,000 delivery stations, and employs nearly 350,000 self-operated delivery personnel[8] - The company has nearly 4,600 professional R&D personnel, focusing on automation, digitalization, and intelligent decision-making[8] - In the automotive sector, the company provided exclusive nationwide home charging pile integrated supply chain services for a leading international new energy vehicle brand[10] - For the apparel industry, the company developed a full-scenario supply chain service, enhancing efficiency and offering value-added services for returned goods[10] - The company completed the transfer of assets from 83 JD Logistics freight forwarding centers to Deppon Logistics by the end of December 2023[13] - JD Logistics has obtained over 4,000 authorized patents and software, with more than 2,000 related to automation and unmanned technologies[15] - The company operates over 1,600 warehouses and manages a total storage area exceeding 32 million square meters, including cloud warehouses[17] - JD Logistics operates 41 Asia No. 1 smart industrial parks across 30 cities in China[17] - The Kunshan Asia No. 1 smart industrial park Phase II, covering over 500,000 square meters, processes more than 4.5 million packages daily during peak periods[17] - The company’s logistics network includes 1,600+ self-operated warehouses and 2,000+ cloud warehouses, forming one of China’s largest storage networks[17] - JD Logistics launched "Next Morning Delivery" service in 9 cities, including Beijing and Shanghai, with delivery as early as 8 AM[12] - The company deepened cooperation with a Chinese tech company to optimize inventory allocation in Europe, ensuring rapid delivery in core regions[11] - JD Logistics supported a U.S. water bottle brand during Black Friday, significantly improving fulfillment rates through advanced automation and inventory management[11] - The company operates over 40,000 self-owned transportation vehicles and has deployed new energy vehicles in multiple cities across the country[19] - The company covers more than 600 railway routes and over 1,000 air cargo routes through partnerships[19] - The company has nearly 350,000 self-owned delivery and operational personnel and operates over 19,000 delivery stations and outlets[20] - The company manages over 200 large and heavy goods warehouses and sorting centers, with a total management area exceeding 4 million square meters[21] - The company operates approximately 100 temperature-controlled cold chain warehouses for fresh, frozen, and refrigerated foods, covering an area of about 500,000 square meters[22] - The company has close to 90 bonded warehouses, direct mail warehouses, and overseas warehouses, with a total management area of nearly 900,000 square meters[23] - The company's global offering net proceeds amounted to RMB 22,945 million, with 55% allocated to upgrading and expanding the logistics network[80] - As of December 31, 2023, RMB 10,260 million of the global offering net proceeds had been utilized, with RMB 5,733 million remaining unused[80] - The placement and subscription net proceeds totaled RMB 6,924 million, with 85% allocated to optimizing the logistics network and solutions[82] - As of December 31, 2023, RMB 1,039 million of the placement and subscription net proceeds had been utilized, with RMB 712 million remaining unused[82] Innovation and Technology - JD Logistics is exploring the application of large language models in various internal operational scenarios[5] - The company has established a supply chain carbon management platform to promote low-carbon and green sustainable development[5] - The company has nearly 4,600 professional R&D personnel, focusing on automation, digitalization, and intelligent decision-making[8] - JD Logistics has obtained over 4,000 authorized patents and software, with more than 2,000 related to automation and unmanned technologies[15] Sustainability and Green Development - The company has established a supply chain carbon management platform to promote low-carbon and green sustainable development[5] - The company operates over 40,000 self-owned transportation vehicles and has deployed new energy vehicles in multiple cities across the country[19]
京东物流(02618) - 2023 - 年度业绩