Core Viewpoint - JD Industrial is preparing for an IPO on the Hong Kong Stock Exchange after a series of updates to its prospectus, marking a significant step for the company as it aims to expand its presence in the market [1][2]. Financial Performance - JD Industrial reported revenues of RMB 141.35 billion, RMB 173.36 billion, and RMB 204 billion for the years 2022, 2023, and 2024 respectively, with corresponding gross profits of RMB 25.4 billion, RMB 28 billion, and RMB 33 billion [4][5]. - The gross profit margins for the same years were 18%, 16.1%, and 16.2% respectively [4]. - For the first half of 2025, JD Industrial achieved revenues of RMB 102.5 billion, an 18.9% increase from RMB 86.2 billion in the same period of the previous year [6][9]. Business Model and Strategy - JD Industrial focuses on providing industrial supply chain technology and services, emphasizing the construction of digital infrastructure rather than merely selling products [4][2]. - The company has maintained a steady service revenue of approximately RMB 12 billion over the years, while product sales have shown significant growth [4]. Ownership and Shareholder Structure - JD Group holds approximately 77.32% of JD Industrial's issued share capital, with founder Liu Qiangdong holding an additional 3.68% [14][15]. - The company has attracted significant investment from notable firms such as GGV Capital and Sequoia China, indicating strong market confidence [12][14]. Recent Developments - JD Industrial's IPO process has been revitalized after nearly two years of stagnation, with the latest prospectus update occurring in March 2025 [1][2]. - The company has also divested from its previous acquisition of Liexin Technology, which was deemed underperforming [11].
刘强东又要敲钟：京东工业冲刺港股，上半年营收103亿利润4.5亿，估值67亿美元，已获上市备案
3 6 Ke·2025-09-29 08:59