刘强东收获一家上市公司：主营工业品电商业务，年收入超过200亿元

Core Viewpoint - JD Industrial officially listed on the Hong Kong capital market on December 11, 2025, with a total market capitalization of HKD 37.748 billion, marking the fifth publicly listed company controlled by Liu Qiangdong, expanding his capital footprint into a diversified structure of "retail + logistics + health + industry + technology" [1] Company Overview - JD Industrial focuses on industrial e-commerce, providing non-production materials (MRO) and production materials (BOM) services, along with smart supply chain solutions [3] - The company is the largest participant in China's MRO procurement service market, with a transaction volume of RMB 28.8 billion in 2024 and a market share of 0.8% [3] - JD Industrial serves approximately 11,100 key enterprise clients, including around 60% of the Fortune China 500 and over 40% of the Fortune Global 500 [3] Financial Performance - JD Industrial's revenue for the past three years was RMB 14.135 billion, RMB 17.336 billion, and RMB 20.398 billion, with core product sales contributing RMB 12.9 billion, RMB 16.1 billion, and RMB 19.2 billion respectively [8] - The company achieved a significant turnaround from a loss of RMB 1.269 billion in 2022 to a profit of RMB 48 million in 2023, and a net profit of RMB 762 million in 2024, representing a 158-fold increase year-on-year [8] Market Position and Competition - The industrial e-commerce market in China is highly competitive, with major players including 1688 Industrial, Zhenkunhang, and others, alongside numerous mid-tier and long-tail competitors [10] - As digital transformation accelerates in manufacturing, the demand for efficient, transparent, and traceable supply chain services is increasing, indicating a trend towards specialization, personalization, and intelligence in the industrial e-commerce sector [10]