来源：港股研究社 京东工业(07618)在资本市场表现亮眼，股价涨超3%。截至发稿时，其涨幅更是达到3.83%，股价报14.1港元，成交额高达3062 万港元。 据人民网财经报道，近日第四场京东品酒会在深圳举办。在此期间，京东工业相关负责人透露了一系列重要举措。京东工业将 借助供应链数智化升级，推动工业产业实现万亿级别的降本目标。通过整合供应链，把节省下来的利润反哺给用户以及产业链 上下游企业。同时，大力推动工业供应链大模型JoyIndustrial的技术创新与场景应用，利用AI技术对生产方式进行全面升级。 值得一提的是，京东工业依托以供应链设施为基础、深度融合数智技术的京东"超级供应链"，打造出太璞数实一体化供应链解 决方案，这一方案十分契合当下中国大型工业企业升级转型的内在需求。凭借自身在供应链基础设施与数智技术方面的双重优 势，京东工业还将陆续发布针对十大工业行业场景的专属方案。 ...

据介绍，依托以供应链设施为基础、深度融合数智技术的京东"超级供应链"，京东工业打造了太璞数实 一体化供应链解决方案，更适配目前中国大型工业企业升级转型的内在需求。依托自身在供应链基础设 施与数智技术的双重优势，京东工业陆续发布针对性的十大工业行业场景专属方案，聚焦汽车制造、钢 铁冶金、能源电池、畜牧养殖、白酒制造、光伏发电、物业管理、石油化工、轨道交通及机器人等行业 的大量细分场景。 智通财经APP获悉，京东工业(07618)涨超3%，截至发稿，涨4.58%，报37.02港元，成交额1.95亿港元。 消息面上，据人民网财经报道，近日，第四场京东品酒会在深圳举办。京东工业相关负责人表示，将通 过供应链数智化升级推动工业产业万亿降本，整合供应链，把利润反哺给用户和产业链上下游；推动工 业供应链大模型JoyIndustrial的技术创新和场景应用，用AI技术升级生产方式；通过工业供应链伴随式 出海服务，提高出海企业的供应链效率、降低采购成本。 ...

据介绍，依托以供应链设施为基础、深度融合数智技术的京东"超级供应链"，京东工业打造了太璞数实 一体化供应链解决方案，更适配目前中国大型工业企业升级转型的内在需求。依托自身在供应链基础设 施与数智技术的双重优势，京东工业陆续发布针对性的十大工业行业场景专属方案，聚焦汽车制造、钢 铁冶金、能源电池、畜牧养殖、白酒制造、光伏发电、物业管理、石油化工、轨道交通及机器人等行业 的大量细分场景。 消息面上，据人民网财经报道，近日，第四场京东品酒会在深圳举办。京东工业相关负责人表示，将通 过供应链数智化升级推动工业产业万亿降本，整合供应链，把利润反哺给用户和产业链上下游；推动工 业供应链大模型JoyIndustrial的技术创新和场景应用，用AI技术升级生产方式；通过工业供应链伴随式 出海服务，提高出海企业的供应链效率、降低采购成本。 京东工业(07618)涨超3%，截至发稿，涨4.58%，报37.02港元，成交额1.95亿港元。 ...

Group 1 - The core viewpoint of the article highlights the strategic partnership between Shenzhou Holdings' subsidiary KJ and Pudu Robotics, aiming to enhance global supply chain capabilities and explore innovations in the robotics sector [1][5] - The collaboration will focus on international supply chain services, domestic supply chain, smart supply chain services, e-commerce operations, and intelligent warehousing solutions [3][4] - Pudu Robotics holds the leading market share in the global service robotics sector, with over 80% market share in overseas dining and operations in more than 80 countries and regions [3][6] Group 2 - KJ will leverage its established overseas service network to support Pudu Robotics' global business expansion, enhancing the efficiency of its robot products entering various international markets [3][4] - The partnership aligns with national policies promoting the development of future industries, particularly in embodied intelligence, marking a significant step for KJ into the robotics sector [5][6] - KJ has over 160 managed warehouses and processes up to 5 million orders daily, showcasing its extensive experience and capabilities in supply chain management [7]

Core Viewpoint - JD Industrial is preparing for its IPO, marking it as the sixth company under JD Group to enter the capital market, highlighting the potential of the industrial supply chain sector which is undergoing digital transformation [5][11]. Group 1: Market Overview - The industrial products market in China is valued at trillions and is characterized by fragmentation, inefficiency, and information asymmetry, which has led to issues such as "industrial product mislabeling" [7][8]. - JD Industrial's recent performance during the "Double Eleven" shopping festival indicates significant growth, with self-operated warehouse transaction volume doubling and user numbers increasing by nearly 50% [5][8]. Group 2: Solutions and Innovations - JD Industrial has initiated the "China Industrial Products No Mislabeling" campaign, focusing on supply chain transparency through source traceability, standardization, and self-discipline [8]. - The establishment of the "Mercator" standard product database aims to standardize product parameters, enhancing trust and efficiency in transactions [8][9]. - Collaborations with companies like Delixi Electric have resulted in substantial improvements, such as a 58% increase in enterprise customer numbers and a 172% rise in average transaction value during "Double Eleven" [8]. Group 3: Logistics and Efficiency - JD Industrial's "self-operated warehousing" model has led to significant improvements in logistics efficiency, with companies like New界 Pump Industry achieving a 30% increase in regional inventory turnover rates [11][12]. - The integration of physical and digital supply chain solutions is essential for traditional manufacturing's digital transformation, as demonstrated by the reduction in procurement cycles and cost savings for partners like XCMG [10][11]. Group 4: Market Opportunities for SMEs - JD Industrial's "one product, multiple channels" strategy provides small and medium-sized enterprises access to broader markets, addressing challenges faced by traditional industrial clusters [13]. - The success of JD Industrial during "Double Eleven" reflects a structural shift in the industrial internet, emphasizing the need for deep supply chain reforms rather than mere information matching [14].

Core Viewpoint - JD Industrial is preparing for its IPO, highlighting the potential of the industrial supply chain sector, which is undergoing significant digital transformation and addressing long-standing inefficiencies [1] Group 1: Market Overview - The industrial products market in China is characterized by fragmentation, inefficiency, and a high proportion of non-standardized goods, which affects the cost competitiveness of the manufacturing sector [2] - Issues such as product mislabeling and lack of standardization contribute to the inefficiencies in the industrial products market [3] Group 2: Solutions and Initiatives - JD Industrial has launched the "China Industrial Products Non-Fake Labeling" initiative in collaboration with industry associations to enhance supply chain transparency and efficiency [4] - The establishment of the "Mercator" standard product database by JD Industrial aims to standardize product parameters using AI, facilitating better communication among buyers, suppliers, and platforms [5] Group 3: Case Studies and Impact - The partnership between JD Industrial and Delixi Electric resulted in a 58% increase in enterprise customer numbers and a 172% rise in average transaction value during the recent "Double Eleven" shopping festival [5] - JD Industrial's self-operated warehousing model has improved logistics efficiency, enabling next-day or same-day delivery for heavy products, thus increasing inventory turnover rates by 30% for companies like New界 Pump Industry [7][8] Group 4: Opportunities for SMEs - JD Industrial's "One Product, Multiple Channels" strategy provides small and medium-sized enterprises with access to broader markets, addressing their challenges in transitioning to domestic sales and international markets [9][10] - The success of JD Industrial's initiatives during the "Double Eleven" event indicates a structural shift in the industrial internet landscape, emphasizing the importance of supply chain digitalization for industrial transformation [11]

Core Insights - The global automotive industry is facing unprecedented challenges due to complex supply chains and structural changes driven by electrification and digitalization [1][2] - Building a resilient supply chain is essential for the transformation of the automotive industry in China, which is undergoing significant restructuring [1][3] Industry Overview - The Chinese automotive supply chain encompasses 45 key links, involving over 310,000 upstream companies, more than 8,000 midstream companies, and approximately 1.27 million downstream companies [1] - The transition to electric and intelligent vehicles is reshaping the industry, necessitating a robust supply chain framework [1][2] Digital Transformation - The automotive industry is evolving from a linear "chain" relationship to a more complex "networked ecosystem" involving multiple sectors such as energy and transportation [2] - The Ministry of Industry and Information Technology has issued guidelines to promote digital transformation in the new energy vehicle sector, emphasizing the need for standardized data and collaborative R&D [2] Supply Chain Innovation - The "Smart Supply Chain" approach is highlighted as a key strategy for achieving digital transformation, focusing on optimizing supplier relationships and internal management through digital tools [1][3] - JD Industrial has introduced the "Ta Pu" supply chain solutions tailored for the automotive manufacturing sector, aiming to enhance data integration and operational efficiency [3][4] Cost-Efficiency Resilience - JD Industrial's solutions aim to balance cost, efficiency, and resilience within the supply chain, addressing challenges such as high costs and long lead times for imported components [4][5] - The automotive manufacturing sector is encouraged to adopt a multi-path sourcing strategy to enhance supply chain resilience [5] Market Performance - From January to October, the production and sales of new energy vehicles reached 13.015 million and 12.943 million units, respectively, marking year-on-year growth of 33.1% and 32.7% [5] - The cumulative sales of power batteries reached 910.3 GWh, with a year-on-year increase of 49.9% [5] Strategic Solutions - JD Industrial has developed various solutions to address procurement challenges in the energy battery sector, including the "Ta Pu Mall" and "Ta Pu Global Supply Chain Integration Solutions" [5][6] - The company emphasizes the importance of real-time response and precise collaboration in achieving optimal cost and efficiency in the supply chain [6]

Core Insights - JD.com is not just an e-commerce platform but also offers a comprehensive "Tai Pu" digital and physical integrated supply chain solution based on its super supply chain [1] - The collaboration between JD.com and traditional manufacturing companies is driving digital transformation, leading to significant cost reductions and efficiency improvements [1][5] Group 1: Supply Chain Transformation - JD.com has restructured the non-production procurement process for XCMG, reducing the procurement cycle from 11 days to under 2 days and decreasing costs by over 10% [1][5] - New界 Pump Industry has improved its sales and inventory turnover rate by 30% through collaboration with JD.com, achieving nearly 100% growth in transaction volume during the 11.11 event [2][4] Group 2: Industrial Digitalization - JD.com is leveraging its super supply chain to support the digital transformation of the industrial sector, aiming to create a "data highway" for new industrialization [4][7] - The "Intelligent Empowerment of Thousands of Industries, Trillion Cost Reduction" initiative aims to provide tailored solutions for ten key industries, enhancing supply chain efficiency and compliance [4][6] Group 3: Technological Integration - JD.com has developed the JoyIndustrial supply chain model, addressing high costs and low efficiency in the industrial sector through intelligent decision-making and process optimization [6] - The company emphasizes the importance of integrating technological innovation with industrial innovation to create greater value [5][6] Group 4: Market Expansion and Efficiency - JD.com’s self-operated supply chain and logistics network enhance procurement efficiency and meet diverse customer needs, positioning JD.com as a preferred platform for industrial product procurement [7] - The company is committed to promoting the standardization of industrial products and supporting sustainable development within the industry [6][7]

Core Insights - The construction of JD.com's intelligent industrial park in Shunyi, Beijing, has made significant progress, with the main structure fully completed and expected to be operational by July next year [1] Group 1: Project Overview - The project is divided into southern and northern zones, featuring three intelligent warehouses and supporting buildings, covering a total area of 114,000 square meters [1] - It aims to serve as a demonstration park for supply chain-oriented e-commerce and smart logistics, integrating advanced technologies such as 5G and Beidou navigation [1] Group 2: Economic Impact - The park is expected to drive the collaborative development of transportation, commerce, and other industries, contributing new momentum to the economic and social development of Shunyi District [1] Group 3: Supporting Infrastructure - The construction of surrounding facilities is progressing, with the Yinjiafu 110 kV substation expected to be operational by the end of the year, providing stable power supply for the park [1] - A micro green space project has been completed and will be open to employees and local residents [1] - The water supply plant project is accelerating its preliminary procedures to ensure water resource security for the park's operations [1]

Core Insights - The JD Smart Industrial Park project in Shunyi, Beijing has made significant progress, with the main structure completed and expected to be operational by July next year [1][3]. Group 1: Project Overview - The project is divided into northern and southern zones, featuring three smart warehouses and supporting buildings, covering a total area of 114,000 square meters [3]. - It aims to serve as a demonstration park for supply chain-oriented e-commerce and smart logistics, integrating advanced technologies such as 5G and Beidou navigation [3]. Group 2: Economic Impact - The park will introduce a JD settlement center and a comprehensive emergency consumption circulation center, which is expected to boost the transportation and commerce sectors, contributing to the economic development of Shunyi District [3][5]. - The local government is committed to supporting the project, which is anticipated to inject new momentum into the regional smart logistics industry and enhance economic vitality [5]. Group 3: Infrastructure Development - Surrounding infrastructure is also being developed, including a 110 kV substation expected to be operational by the end of the year, ensuring stable power supply for the park [5]. - Additional projects such as a water supply facility are underway to secure water resources for the park's operations [5].