2024-03-06 10:30Financial Performance - For Q4 2023, JD.com reported revenue of RMB 306.1 billion (USD 43.1 billion), a 3.6% increase year-over-year[2] - The operating profit for Q4 2023 was RMB 2 billion (USD 300 million), down from RMB 4.8 billion in Q4 2022[2] - Net profit attributable to ordinary shareholders for Q4 2023 was RMB 3.4 billion (USD 500 million), compared to RMB 3 billion in the same quarter last year[2] - For the full year 2023, JD.com achieved revenue of RMB 1,084.7 billion (USD 152.8 billion), a 3.7% increase from 2022[2] - The annual operating profit for 2023 was RMB 26 billion (USD 3.7 billion), up from RMB 19.7 billion in 2022[2] - The diluted earnings per ADS for Q4 2023 was RMB 2.13 (USD 0.30), compared to RMB 1.91 in Q4 2022[3] - The company reported a total operating profit of RMB 26,025 million for the fiscal year 2023, up from RMB 19,723 million in 2022[21] - The EBITDA for the year ending December 31, 2023, was RMB 42,452 million, compared to RMB 33,602 million in 2022, showing a significant increase of 26.4%[40] - The company reported a non-GAAP operating profit margin of 3.3% for the year ending December 31, 2023, compared to 2.6% in 2022, indicating improved profitability[40] Cash Flow and Dividends - Free cash flow for 2023 was RMB 40.7 billion (USD 5.7 billion), an increase from RMB 35.6 billion in 2022[3] - The company declared an annual cash dividend of USD 0.38 per ordinary share, totaling approximately USD 1.2 billion[4] - The net cash flow from operating activities for 2023 was RMB 59.52 billion (USD 8.38 billion), up from RMB 57.82 billion in 2022[16] - The company reported a net cash flow from operating activities of RMB 19,613 million for the three months ending December 31, 2023, compared to RMB 18,486 million for the same period in 2022, reflecting a year-over-year increase of 6.1%[36] - The free cash flow for the year ending December 31, 2023, was RMB 40,651 million, up from RMB 35,595 million in 2022, indicating a growth of 14.5%[37] Share Repurchase and Equity - JD.com announced a new share repurchase plan to buy back up to USD 3 billion worth of shares over the next 36 months[2] - Shareholders' equity attributable to JD.com, Inc. rose to RMB 231,858 million in 2023, up from RMB 213,366 million in 2022, indicating an increase of about 8.7%[31] - The total equity increased to RMB 295,766 million in 2023 from RMB 273,533 million in 2022, representing an increase of approximately 8.1%[31] Expenses and Costs - The company's operating costs rose by 3.4% to RMB 262.6 billion (USD 37.0 billion) in Q4 2023 compared to the same period in 2022[8] - Marketing expenses increased by 9.4% to RMB 13.1 billion (USD 1.8 billion), accounting for 4.3% of revenue in Q4 2023[8] - The company’s R&D expenses decreased slightly by 0.6% to RMB 4.3 billion (USD 0.6 billion), representing 1.4% of revenue[8] - Research and development expenses decreased by 3.0% to RMB 16.4 billion (USD 2.3 billion) in 2023, accounting for 1.5% of total revenue[13] - Marketing expenses increased by 6.3% to RMB 40.1 billion (USD 5.7 billion) in 2023, representing 3.7% of total revenue[13] Assets and Liabilities - As of December 31, 2023, JD.com reported total assets of RMB 628,958 million, an increase from RMB 595,250 million as of December 31, 2022, representing a growth of approximately 5.7%[29] - The company's cash and cash equivalents decreased to RMB 71,892 million in 2023 from RMB 78,861 million in 2022, a decline of about 8.3%[29] - Total liabilities increased to RMB 332,578 million in 2023 from RMB 321,127 million in 2022, reflecting a rise of approximately 3.5%[30] - The total current assets decreased to RMB 307,810 million in 2023 from RMB 351,074 million in 2022, a reduction of approximately 12.3%[29] - Non-current assets increased significantly to RMB 321,148 million in 2023 from RMB 244,176 million in 2022, marking a growth of about 31.5%[29] Market Strategy and Future Outlook - JD.com aims to enhance user experience and market share growth in 2024, focusing on creating more value for users and shareholders[3] - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[18] - The company plans to continue expanding its technology and infrastructure offerings to enhance operational efficiency across various industries[24] - JD.com aims to enhance its logistics capabilities and improve customer experience through ongoing investments in infrastructure[32] - The company is focused on customer acquisition and retention to drive revenue growth, particularly in the competitive Chinese e-commerce market[28] Regulatory and Market Environment - There are ongoing considerations regarding regulatory changes and their potential impact on the company's operations and market environment[28] - The company is actively exploring acquisitions, investments, and alliances to enhance its market position and address industry challenges[28] - Forward-looking statements are included in the announcement, highlighting potential risks and uncertainties affecting future business performance and financial condition[28]