Core Viewpoint - JD Industrial, a subsidiary of JD Group focused on industrial supply chain technology and services, officially listed on the Hong Kong Stock Exchange on December 11, raising approximately HKD 2.827 billion through its IPO, with a share price set at HKD 14.1. The funds will be used to enhance supply chain capabilities and support strategic investments and acquisitions [1]. Financial Performance - JD Industrial's total revenue is projected to grow from CNY 14.1 billion in 2022 to CNY 20.4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 20.1%. Adjusted net profits are expected to increase from CNY 710 million in 2022 to CNY 910 million in 2024, with a CAGR of 12.8% [1]. - As of August 31, 2025, total revenue reached CNY 14.1 billion, marking an 18.9% year-on-year increase [1]. Business Model and Services - JD Industrial provides a digital supply chain infrastructure that integrates various industrial sectors, utilizing AI-driven demand forecasting and IoT technology to enhance efficiency and reduce costs. For instance, a steel company reduced inventory costs by 40% and procurement costs by 15% through JD Industrial's solutions [4][6]. - The company serves over 11,100 core industrial enterprises, including 60% of China's top 500 companies and 40% of the global Fortune 500, maintaining a leading market share in the MRO procurement sector [8]. Technological Innovation - JD Industrial launched the JoyIndustrial model, the first industrial supply chain model in the industry, leveraging over 81.1 million SKU data and experience from over 40 sub-industries to improve supply-demand matching and product governance [10]. - The model significantly enhances operational efficiency, reducing the time for complex governance tasks from months to hours and cutting down the time for identifying business opportunities from 5 hours to 15 minutes [10]. Global Expansion and Support - JD Industrial is actively expanding its global footprint, particularly in Southeast Asia and Europe, by modularizing its supply chain capabilities and integrating local resources. The company has established local teams and warehouse networks in several countries to support Chinese enterprises' overseas operations [15][16]. - The company offers tailored supply chain solutions for different stages of overseas expansion, including a SaaS marketplace for general procurement and a one-stop solution for cross-border goods, ensuring rapid delivery and operational support [16].
刘强东第六个IPO，京东工业港股挂牌，建数智“高速公路”