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新股消息 | 京东工业更新招股书 已成为中国MRO采购服务市场的最大参与者
智通财经网·2025-09-28 23:30

Core Viewpoint - JD Industrial Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with Bank of America Securities, Goldman Sachs, Haitong International, and UBS acting as joint sponsors [1]. Company Overview - JD Industrial is a leading provider of industrial supply chain technology and services in China, focusing on digital transformation to enhance supply security, reduce costs, improve efficiency, and ensure compliance [3]. - The company offers a comprehensive digital industrial supply chain solution called "Taipu," which integrates digital and physical aspects to meet diverse customer needs [3]. Market Position - Since 2017, JD Industrial has focused on MRO (Maintenance, Repair, and Operations) procurement services and has become the largest player in China's MRO procurement market, with a transaction volume in 2024 nearly three times that of its closest competitor [4]. - The company is also the largest service provider in China's industrial supply chain technology and services market, holding a market share of 4.1% as of 2024 [4]. Financial Performance - Revenue is projected to grow from approximately RMB 14.1 billion in 2022 to RMB 20.4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 20.1% [4]. - The company served around 11,100 key enterprise clients, including about 60% of China's Fortune 500 companies and over 40% of the global Fortune 500 companies operating in China as of June 30, 2025 [4]. Product Offering - JD Industrial provides the widest range of industrial products in China, with approximately 81.1 million SKUs across 80 product categories as of June 30, 2025 [5]. - The product supply network includes around 158,000 manufacturers, distributors, and agents nationwide [5]. Revenue and Profitability - For the six months ending June 30, 2023, 2024, and 2025, the company reported revenues of approximately RMB 173.36 billion, RMB 203.98 billion, and RMB 102.50 billion, respectively [5]. - The profit figures for the same periods were approximately RMB 4.8 million, RMB 76.2 million, and RMB 45.1 million [5].