京东集团：第一季度收入3011亿元

Core Viewpoint - JD Group reported strong performance in Q1 2025, with revenue and profit growth driven by improved consumer sentiment and enhanced supply chain capabilities [2] Group 1: Financial Performance - In Q1 2025, JD Group's revenue reached 301.1 billion yuan, a year-on-year increase of 15.8% [1] - Net profit attributable to ordinary shareholders was 10.9 billion yuan, up from 7.1 billion yuan in the same period last year [1] - Product revenue increased by 16.2%, while service revenue rose by 14% compared to Q1 2024 [1] Group 2: User Growth - The number of active users in Q1 showed double-digit year-on-year growth for six consecutive quarters, exceeding 20% [1] - The number of transactions and order volume from third-party merchants also maintained double-digit year-on-year growth [1] Group 3: Expenditure - Marketing expenses rose from 9.3 billion yuan in Q1 2024 to 10.5 billion yuan in Q1 2025, an increase of 13.9% [1] - Marketing expenses accounted for 3.5% of revenue in Q1 2025, slightly down from 3.6% in Q1 2024 [1] - R&D expenses increased from 4 billion yuan in Q1 2024 to 4.6 billion yuan in Q1 2025, a 14.6% increase [1] - R&D expenses represented 1.5% of revenue in Q1 2025, down from 1.6% in Q1 2024 [1]