京东工业通过IPO聆讯，刘强东将迎来第六家上市公司

Group 1 - JD Industrial has passed the hearing for its IPO on the Hong Kong Stock Exchange, with joint sponsors including Bank of America Merrill Lynch, Goldman Sachs, Haitong International, and UBS [1] - If successfully listed, JD Industrial will be the sixth publicly listed company under Liu Qiangdong [1] - JD Industrial is a leading provider of industrial supply chain technology and services in China, focusing on MRO procurement services since 2017 [3][5] Group 2 - JD Industrial is the largest participant in China's MRO procurement service market, with a projected transaction volume in 2024 nearly three times that of its closest competitor [3] - The company holds a market share of 4.1% in the industrial supply chain technology and services market in China, with revenue from continuing operations expected 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% [3][5] Group 3 - As of June 30, 2025, JD Industrial serves around 11,100 key enterprise clients, including approximately 60% of China's Fortune 500 companies and over 40% of the global Fortune 500 companies operating in China [5] - The company offers a wide range of industrial products, with approximately 81.1 million SKUs across 80 product categories, sourced from around 158,000 manufacturers, distributors, and agents [6] Group 4 - JD Industrial's revenue from continuing operations increased from RMB 8.6 billion for the six months ending June 30, 2024, to RMB 10.3 billion for the six months ending June 30, 2025 [6] - The company recorded a net loss of RMB 1.3 billion in 2022, followed by a net profit of RMB 4.8 million in 2023, and a projected net profit of RMB 760 million in 2024 [6] Group 5 - JD Industrial is expected to raise around $500 million in its upcoming IPO, contributing to the ongoing trend of increased IPO activity in Hong Kong [7] - Since July 1, 2023, Hong Kong has raised nearly $23 billion through stock issuances, marking the best quarterly performance in over four years [7] Group 6 - The growth of JD Industrial is supported by the robust development of China's secondary industry, which has seen its output value increase over 250 times in the past 47 years [11] - China's secondary industry output value is projected to grow from RMB 38.1 trillion in 2019 to RMB 49.2 trillion in 2024, with a CAGR of 5.3% [11] - China is expected to continue leading global growth in the secondary industry, with a more comprehensive and complex industrial ecosystem compared to the United States [11][13]