刘强东，有望迎第六家上市公司！

Core Viewpoint - JD Industrial Co., Ltd. has successfully passed the hearing for its listing on the Hong Kong Stock Exchange, potentially becoming the sixth publicly listed company under Liu Qiangdong's leadership, following JD Group, JD Logistics, JD Health, Dada Group, and Debon Holdings [1]. Company Overview - JD Industrial is a provider of industrial supply chain technology and services, focusing on e-commerce for industrial products. Its main offerings include MRO (Maintenance, Repair, and Operations) and BOM (Bill of Materials) services through its "Taipu" digital supply chain solution [1]. - Since its establishment in 2017, JD Industrial has become the largest player in the MRO procurement service market in mainland China, with a projected transaction volume in 2024 nearly three times that of its closest competitor [1]. Shareholding Structure - The controlling shareholder of JD Industrial is JD Group, which holds approximately 79% of the shares through its subsidiaries. Liu Qiangdong, the actual controller, directly holds 3.68% of the shares, giving him control over about 83% of the voting rights [2]. Financial Performance - JD Industrial's total revenue from continuing operations increased from RMB 14.1 billion in 2022 to RMB 17.3 billion in 2023, and is projected to reach RMB 20.4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 20.1% [2]. - The company reported a net loss of RMB 1.3 billion in 2022, but turned a profit in 2023 with a net income of RMB 4.8 million. The net profit is expected to rise significantly to RMB 760.6 million in 2024, marking a year-on-year growth of 1586% [3]. Revenue and Profit Breakdown - For the first half of 2024, JD Industrial's revenue is projected to increase by 18.9% to RMB 10.3 billion compared to RMB 8.6 billion in the first half of 2023 [2]. - The gross profit margin for the company has shown slight fluctuations, with a gross profit of RMB 2.8 billion in 2023, representing a margin of 16.1% [4].