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刘强东第6个IPO要来了，半年收入破百亿
Sou Hu Cai Jing·2025-09-29 07:53

Core Viewpoint - JD Industrial is progressing towards its IPO in Hong Kong, potentially becoming the sixth publicly listed company under Liu Qiangdong's leadership, following JD Group, JD Logistics, JD Health, Dada Group, and Debon Holdings [3]. Company Overview - JD Industrial is an industrial supply chain technology and service provider, focusing on digital transformation to help clients ensure supply, reduce costs, enhance efficiency, and maintain compliance [4]. - The company offers a comprehensive digital supply chain solution called "Taipu," which integrates digital and physical aspects of the supply chain, covering procurement, fulfillment, and operations [4]. Market Position - JD Industrial has become the largest player in China's MRO procurement service market, with a market share of 4.1% and a transaction volume nearly three times that of its closest competitor [6]. - As of June 2023, JD Industrial served approximately 11,100 key enterprise clients, including around 60% of China's Fortune 500 companies and over 40% of global Fortune 500 companies operating in China [6]. Product Offering - By June 2023, JD Industrial provided approximately 81.1 million SKUs across 80 product categories, supported by a vast supply network of about 158,000 manufacturers, distributors, and agents [6]. Financial Performance - Revenue from ongoing operations for 2022, 2023, and the first half of 2024 was approximately CNY 14.14 billion, CNY 17.33 billion, and CNY 10.25 billion, respectively, with corresponding gross profits of CNY 2.54 billion, CNY 2.80 billion, and CNY 1.90 billion [7]. - The gross profit margins for these periods were 18.0%, 16.1%, and 18.6%, while net profits were CNY -1.38 billion, CNY 0.48 million, and CNY 0.45 billion, reflecting net profit margins of -9.8%, 0.0%, and 4.4% [7]. Future Plans - The IPO proceeds are intended to enhance JD Industrial's supply chain capabilities, expand its regional operations, and pursue potential strategic investments or acquisitions over the next 48 to 60 months [10].