Core Insights - JD.com reported a total revenue of 356.7 billion yuan for Q2 2025, representing a year-on-year growth of 22.4% [1] - The net profit attributable to ordinary shareholders was 6.2 billion yuan, down from 12.6 billion yuan in the same period last year [1] - The diluted earnings per American Depositary Share were 4.15 yuan, compared to 8.19 yuan in the previous year [1] Business Segment Performance - JD Retail's revenue grew by 20.6% year-on-year, reaching 310.1 billion yuan [1] - Revenue from electronics and home appliances increased by 23.4% and 16.4%, amounting to 178.98 billion yuan and 103.43 billion yuan respectively [1] - New business segments, including food delivery, saw explosive growth with revenues of 13.85 billion yuan, up 198.8% from 4.64 billion yuan in the same quarter last year [1] Expenditure Insights - Fulfillment expenses rose from 17.2 billion yuan to 22.1 billion yuan during the reporting period [1] - Marketing expenses more than doubled, increasing from 11.9 billion yuan to 27 billion yuan, accounting for 7.6% of total revenue [1]

京东零售在2025年第二季度实现净收入3.101万亿元人民币，同比增长20.6%。京东零售 2025年第二季度运营收入为139亿元人民币，较2024年第二季度101 亿元人民币有所增长。京东零售2025年第二季度运营利润率为4.5%，较2024年第二季度3.9%有所提升。 | | | For the three months ended | | | --- | --- | --- | --- | | | June 30, | June 30, | June 30. | | | 2024 | 2025 | 2025 | | | RMB | RMB | US$ | | | | | (In millions, except pe | | Net revenues: | | | | | JD Retail | 257,072 | 310,075 | 43,285 | | JD Logistics | 44,207 | 51,564 | 7,198 | | New Businesses | 4,636 | 13,852 | 1,934 | | Inter-segment eliminations* | (14,518) ...

Core Insights - JD Group reported a revenue of 356.7 billion RMB for Q2 2025, a year-on-year increase of 22.4%, with a net profit of 6.2 billion RMB [1] - For the first half of 2025, the company achieved a revenue of 657.742 billion RMB, up 19.28% year-on-year, and a net profit of 17.068 billion RMB [1] - The CEO highlighted significant growth in user traffic, active users, and purchase frequency, driven by the core retail business and new ventures like food delivery [1] - The CFO emphasized the company's supply chain strength and commitment to high-quality user experience, with retail gross margin increasing for 13 consecutive quarters [1] Retail Business Performance - JD Retail revenue grew by 20.6% year-on-year in Q2, with an operating profit margin reaching 4.5%, the highest for any promotional quarter in the company's history [1] - The company is focusing on user experience, cost efficiency, and long-term strategic planning to ensure sustainable growth in core retail and new business areas [1] New Business Developments - During the 618 shopping festival, JD Supermarket launched various customized products to enhance consumer shopping experiences and help brands avoid homogenization [1] - JD MALL opened new stores in multiple cities, totaling 24 by the end of June 2025, offering a digital and immersive shopping experience [2] - The "Zhi Lang" intelligent warehousing system has been deployed nationwide, significantly improving operational efficiency in warehouses [2] Food Delivery Growth - JD's food delivery service saw daily order volumes exceed 25 million during the 618 period, with over 1.5 million quality merchants onboard and a full-time rider count surpassing 150,000 [3] - The food delivery service is integrated within JD's ecosystem, enhancing overall operational efficiency and growth [3] - JD launched "Seven Fresh Kitchen" to innovate the supply chain model in the food delivery market, aiming for high-quality industry development [3]

京东集团在港交所公告，2025年第二季度收入3567亿元，同比增长22.4%；净利润62亿元，去年同期 126亿元。 ...

京东在港交所公告，2025年第二季度收入3567亿元，同比增长22.4%；净利润62亿元，去年同期126亿 元。 (本文来自第一财经) ...

同时，2025年第二季度财务业绩显示，收入由2024年第二季度的人民币2,914亿元增长22.4%至2025年第 二季度的人民币3,567亿元（498亿美元）。2025年第二季度较2024年第二季度，商品收入增长20.7%， 服务收入增长29.1%。 营业成本由2024年第二季度的人民币2,455亿元增长22.2%至2025年第二季度的人民币3,000亿元（419亿 美元）。履约开支主要包括采购、仓储、配送、客户服务及支付处理开支，由2024年第二季度的人民币 172亿元增长28.6%至2025年第二季度的人民币221亿元（31亿美元）。履约开支占收入的百分比，2025 年第二季度为6.2%，2024年第二季度为5.9%，主要由于本公司持续优化履约能力并加大人力投入以提 升用户体验。 新华财经北京8月14日电京东集团14日发布2025年第二季度及半年度的未经审计财务业绩。数据显示， 京东集团2025年第二季度收入为人民币3,567亿元（498亿美元），较2024年第二季度增长22.4%。2025 年第二季度归属于公司普通股股东的净利润为人民币62亿元（9亿美元），2024年第二季度为人民币126 亿元。202 ...

Core Insights - JD.com launched its food delivery service in February 2025 and introduced a "100 billion subsidy" in April to boost this new business, resulting in significant revenue changes in Q2 2025 [1][5] - The company's Q2 2025 revenue reached 356.7 billion yuan, a year-on-year increase of 22.4%, while net profit attributable to ordinary shareholders fell by 50.8% to 6.2 billion yuan [1] Business Performance - The new business segment, including food delivery, generated 13.85 billion yuan in Q2 2025, marking a year-on-year growth of 198.8%, but incurred an operating loss of 14.78 billion yuan due to high operating costs and expenses [5][7] - JD Retail, which encompasses various segments including JD Health and JD Industrial, reported Q2 2025 revenue of 310.1 billion yuan, up 20.6% year-on-year, with electronics and home appliances growing by 23.4% and daily necessities by 16.4% [3] Logistics and Expansion - JD Logistics generated 51.56 billion yuan in revenue in Q2 2025, reflecting a year-on-year increase of 16.6%, and expanded its overseas warehouse presence in multiple countries [4] - As of June 30, 2025, JD Logistics operated over 130 bonded warehouses and direct mail warehouses, covering 23 countries and regions globally [4] Marketing and User Engagement - Marketing expenses surged by 127.6% to 27 billion yuan in Q2 2025, primarily due to increased spending on new business promotions [7] - The food delivery service saw significant user engagement, with daily orders surpassing 25 million during the 618 shopping festival, and over 1.5 million quality merchants joining the platform [7]

Core Insights - JD Group reported a strong revenue growth of 22.4% year-on-year for Q2 2025, reaching 356.7 billion RMB (approximately 49.8 billion USD), surpassing market expectations and setting a new record for growth in the past three years [1] - The core retail business of JD Group continued to accelerate, with significant growth in most product categories, particularly in daily necessities and fresh food, which saw a 16.4% increase in revenue [1] - The service revenue experienced a notable increase of 29.1%, while the new business segment, particularly JD's food delivery service, saw a dramatic growth of 199% year-on-year [1] User Engagement and Performance - The number of active users and shopping frequency on JD's platform increased by over 40% year-on-year, marking the seventh consecutive quarter of double-digit growth in active users [1] - JD's retail revenue grew by 20.6% year-on-year, with an operating profit margin of 4.5%, the highest recorded for any major promotional quarter in the company's history [1] Future Outlook - JD's food delivery business is developing healthily, with growth in order volume, merchant numbers, and full-time rider recruitment, effectively collaborating with JD's retail and other existing businesses to achieve initial strategic goals [2] - The company aims to focus on user experience, cost, and efficiency while maintaining the core retail business as the foundation of its operations, alongside ongoing investments in new growth areas [2]

Core Insights - JD Group reported Q2 2025 revenue of 356.7 billion RMB, a year-on-year increase of 22.4%, marking a new record for revenue growth in nearly three years [1] - Net profit for the period was 6.2 billion RMB, down from 12.6 billion RMB in the same period last year [1] - Earnings per American Depositary Share (ADS) diluted was 4.15 RMB, with basic earnings per share at 2.17 RMB [1] Financial Performance - For the six months ending June 30, 2025, JD Group achieved revenue of 657.742 billion RMB, a year-on-year increase of 19.28% [1] - Net profit attributable to ordinary shareholders was 17.068 billion RMB, a decrease of 13.68% compared to the previous year [1] Business Growth Drivers - The acceleration in revenue growth for Q2 was primarily driven by the core retail business, with most categories experiencing accelerated growth [1] - The daily necessities category saw a year-on-year revenue increase of 16.4%, while the supermarket category maintained double-digit year-on-year growth for six consecutive quarters [1] - New businesses, including JD's food delivery service, experienced significant revenue growth of 199% year-on-year [1] User Engagement - JD Group's quarterly active user count and shopping frequency both achieved over 40% year-on-year growth [1] - The quarterly active user count has seen double-digit year-on-year growth for seven consecutive quarters [1] Workforce - As of June 30, the total number of employees in the JD system was approximately 900,000 [2]

Core Insights - JD.com reported its Q2 2025 financial results, showing a revenue of 356.7 billion yuan, representing a year-on-year growth of 22.4% [1] - The net profit attributable to ordinary shareholders under non-GAAP for Q2 2025 was 7.4 billion yuan [1] Group 1: Financial Performance - Revenue for Q2 2025 reached 356.7 billion yuan, marking a 22.4% increase compared to the previous year [1] - Non-GAAP net profit for the same quarter was 7.4 billion yuan [1] Group 2: Business Operations - In Q2, JD.com’s food delivery service achieved a daily order volume of 25 million [1] - The platform has onboarded over 1.5 million quality dining establishments across 350 cities nationwide [1] - Nearly 200 restaurant brands have surpassed one million in sales, and over 150,000 full-time delivery riders have signed labor contracts with the company, receiving social insurance benefits [1]