京东外卖等新业务亏损147亿

Core Viewpoint - JD Group's Q2 financial report shows significant revenue growth but also highlights challenges in profitability due to increased competition and investment in new business areas, particularly in the food delivery sector [2][4][6]. Financial Performance - The company's revenue for the quarter reached 356.7 billion CNY, a year-on-year increase of 22.4%, marking the highest growth rate in nearly three years [2]. - The net profit attributable to ordinary shareholders was 6.2 billion CNY, down from 12.6 billion CNY in the same period last year [2]. - Non-GAAP net profit was 7.4 billion CNY, compared to 14.5 billion CNY in the previous year [2]. User Engagement - The number of active users and shopping frequency both increased by over 40% year-on-year [2]. - The food delivery business achieved a daily order volume exceeding 25 million, covering 350 cities and over 1.5 million quality restaurant stores [2]. New Business Growth - Revenue from new businesses, including food delivery, surged by 198.79% year-on-year, reaching 13.85 billion CNY [4]. - However, the operating loss for this segment expanded significantly from 695 million CNY to 14.78 billion CNY, resulting in an operating profit margin of -106.7% [4]. Strategic Insights - JD's management emphasized that short-term profit margins may fluctuate due to competitive pressures and investment strategies, but these investments are intended to drive long-term growth and synergy with core retail operations [6][7]. - The integration of food delivery services is seen as a way to enhance cross-selling opportunities and solidify JD's position as a comprehensive service platform [6][8]. Competitive Landscape - JD is actively participating in the competitive food delivery market, which has been described as a "three-way battle" among major players [8]. - The company has established a robust service network, with nearly 200 restaurant brands achieving over one million sales and over 150,000 full-time delivery personnel under contract [8].