Financial Performance - For the three months ended March 31, 2025, JD Logistics reported revenue of RMB 46,967,125 thousand, an increase of 11.5% compared to RMB 42,137,338 thousand for the same period in 2024[4] - Gross profit for the same period was RMB 3,387,178 thousand, reflecting a growth of 4.8% from RMB 3,231,222 thousand year-over-year[4] - The company achieved a pre-tax profit of RMB 743,140 thousand, which is an 84.4% increase from RMB 403,099 thousand in the previous year[4] - Net profit for the period was RMB 610,613 thousand, up 89.5% from RMB 322,305 thousand in the same quarter of 2024[4] - The non-IFRS profit for the period was RMB 751,463 thousand, representing a 13.4% increase from RMB 662,651 thousand year-over-year[4] - Total revenue for the three months ended March 31, 2025, was RMB 46.97 billion, a 11.8% increase from RMB 42.14 billion in the same period of 2024[13] - Net profit for the three months ended March 31, 2025, was RMB 610.6 million, significantly up from RMB 322.3 million in the same period of 2024[20] - Non-IFRS profit for the three months ended March 31, 2025, was RMB 751.5 million, compared to RMB 662.7 million for the same period in 2024[23] - Non-IFRS EBITDA for the three months ended March 31, 2025, was RMB 3.76 billion, an increase from RMB 3.65 billion in the same period of 2024[24] Revenue Breakdown - Revenue from integrated supply chain customers reached RMB 23,200,757 thousand, accounting for 49.4% of total revenue, compared to 48.7% in the previous year[10] - Revenue from integrated supply chain customers increased by 13.2% from RMB 20.5 billion for the three months ended March 31, 2024, to RMB 23.2 billion for the same period in 2025, driven by increased revenue from JD Group and a rise in the number of external integrated supply chain customers from 55,760 to 63,061[11] - Revenue from other customers rose by 9.8% from RMB 21.6 billion for the three months ended March 31, 2024, to RMB 23.8 billion for the same period in 2025, primarily due to growth in express and logistics services[11] Operating Costs and Expenses - Operating costs increased by 12.0% from RMB 38.9 billion for the three months ended March 31, 2024, to RMB 43.6 billion for the same period in 2025, aligning with revenue growth trends[14] - Gross profit for the three months ended March 31, 2025, was RMB 3.4 billion, with a gross margin of 7.2%, compared to RMB 3.2 billion and a gross margin of 7.7% for the same period in 2024[16] - Research and development expenses remained stable at RMB 892.6 million for the three months ended March 31, 2025, compared to RMB 862.5 million for the same period in 2024[18] - Sales and marketing expenses were stable at RMB 1.4 billion for both the three months ended March 31, 2025, and 2024[17] Cash Flow and Resources - As of March 31, 2025, the total cash resources of the company amounted to RMB 43.7 billion[27] - For the three months ended March 31, 2025, the company's free cash flow outflow was RMB 2.2 billion, compared to RMB 300 million for the same period in 2024[27] - The net cash generated from operating activities was RMB 1.1 billion, offset by capital expenditures of RMB 1.3 billion and lease-related payments of RMB 2 billion[27] Operational Expansion - As of March 31, 2025, JD Logistics operated over 1,600 warehouses and managed more than 32 million square meters of storage space across its network[7] - The company launched its 10th dedicated freighter in January 2025, enhancing its logistics network both domestically and internationally[6] - JD Logistics opened its Warsaw No. 2 warehouse in Poland in Q1 2025, expanding its operational footprint in Europe[6] Human Resources - The company reported a total human resources expenditure of RMB 91.8 billion for the twelve months ending March 31, 2025[7]
京东物流(02618) - 2025 Q1 - 季度业绩