8个月营收141亿，刘强东或将迎第六家上市公司

Core Viewpoint - JD Industrial has successfully passed the hearing for its IPO on the Hong Kong Stock Exchange, marking its fourth attempt to go public [1][3]. Group 1: Company Background - JD Industrial is the sixth company under JD Group to seek a public listing, following JD Group, JD Logistics, JD Health, Dada Group, and Debon Logistics [3]. - The company was established as a key category under JD.com in October 2018, marking its entry into core business operations [3]. - JD Industrial has undergone several funding rounds, including a $300 million Series B round in March 2023, which valued the company at $6.7 billion, three times its valuation three years prior [3]. Group 2: Financial Performance - JD Industrial's revenue has shown stable growth, with total revenue increasing from 14.1 billion RMB in 2022 to 17.3 billion RMB in 2023, and projected to reach 20.4 billion RMB in 2024, reflecting a compound annual growth rate of 20.1% [5]. - The company has turned profitable, achieving a net profit of 4.8 million RMB in 2023 after a net loss of 1.3 billion RMB in 2022, with net profit further increasing to 760 million RMB in 2024 [5]. - As of August 2025, JD Industrial reported total revenue of 14.1 billion RMB, an 18.9% increase compared to the same period in 2024 [5]. Group 3: Market Position and Opportunities - JD Industrial serves approximately 11,100 key enterprise clients, including around 60% of China's Fortune 500 companies and over 40% of global Fortune 500 companies operating in China [4][5]. - The company collaborates with about 30,000 manufacturers, distributors, and agents, offering over 40 million SKUs across various industrial product categories [5]. - The digital penetration rate of China's industrial supply chain market is currently low at 6.2% but is expected to rise to 8.2% by 2029, indicating significant growth potential for JD Industrial in leading the digital transformation of the industrial supply chain [6].