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]

Core Insights - JD Group reported its Q2 and mid-year results for 2025, showing a revenue of 356.7 billion RMB, representing a year-on-year growth of 22.4% [1] - The net profit attributable to ordinary shareholders was 6.2 billion RMB, down from 12.6 billion RMB in the same period of 2024 [1] - Non-GAAP net profit attributable to ordinary shareholders was 7.4 billion RMB, compared to 14.5 billion RMB in 2024 [1] - JD Retail's Q2 revenue grew by 20.6%, with an operating profit margin of 4.5%, marking the highest record for all promotional quarters in JD's history [1]

Core Insights - JD Group reported a second-quarter revenue of 356.7 billion yuan, a year-on-year increase of 22.4%, exceeding market expectations and setting a record for growth in nearly three years [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] Revenue Growth - Most product categories experienced accelerated growth, with daily necessities revenue increasing by 16.4% year-on-year, and the supermarket category maintaining double-digit growth for six consecutive quarters [3] - Service revenue saw a significant year-on-year increase of 29.1% [3] - JD's new business, driven by food delivery, achieved a remarkable year-on-year revenue growth of 199% [3] User Engagement - The number of active users and shopping frequency both grew by over 40% year-on-year, marking the seventh consecutive quarter of double-digit growth in active users [3] - JD's retail revenue grew by 20.6% year-on-year, with an operating profit margin of 4.5%, the highest recorded for any promotional quarter in the company's history [3] Strategic Developments - JD Supermarket launched various customized products during the 618 shopping festival, enhancing consumer shopping experiences and helping brands avoid homogenization and price competition [3] - JD MALL opened new stores in multiple cities, with a total of 24 stores by the end of June 2025, offering a digital and immersive shopping experience [4] Logistics and Technology - JD Logistics' self-developed intelligent warehousing solution, "ZhiLang," has been scaled nationwide, significantly improving warehouse operational efficiency [4] - The system integrates various robotic technologies and can achieve high-density storage and rapid order picking [4] Food Delivery Expansion - JD's food delivery service continued to grow healthily, with daily order volume surpassing 25 million during the 618 period and over 1.5 million quality merchants onboarded [5] - The total number of full-time delivery riders exceeded 150,000 by the end of the second quarter [5] - JD launched "Seven Fresh Kitchen," innovating the supply chain model in the food delivery market [5]

会员权益方面，第二季度，唯品会私享特卖活动引入了更多奢侈品牌和国际大牌，以更深度的折扣专供 SVIP用户，比如BURBERRY包袋上线不久即有多款售罄。同时，唯品会继续增厚SVIP专享权益，新增 53项涵盖音乐、视频及生活服务等领域的高频权益，并将多个酒旅权益升级为金卡/白金卡级别，推动 高价值用户规模不断增长。 依托"朝彻"大模型构建的技术能力，第二季度，唯品会持续推进人工智能技术在核心业务场景的深度应 用与创新，在商品导购、客户服务、创意营销等方面取得可量化成果，助力提升平台运营效率和用户体 验。 近日，唯品会发布2025年第二季度财报。财报显示，唯品会第二季度实现净营收258亿元（人民币，下 同），Non-GAAP净利润21亿元。同时，二季度商品交易总额（GMV）为514亿元，同比增长1.7%；超 级VIP（SVIP）活跃用户数同比增长15%，贡献线上销售的52%。2025年上半年，唯品会通过股票回购 与分红回报股东超6亿美元。 唯品会董事长兼首席执行官沈亚表示："为更有效地向用户传递品牌特卖价值，我们的团队正在推进内 部变革，一方面强化买手制好货能力，另一方面提升业务模式的独特性、灵活性及运营效率，驱 ...

继飞猪和饿了么并入阿里中国电商事业群后，据悉，近期淘天集团内部架构也进一步明晰，即由原来的 淘天集团更名为中国电商事业群-淘天集团，与饿了么、飞猪为平行关系。 ...

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, with a net profit of 17.068 billion RMB [1] Retail Business Performance - The retail segment saw a revenue growth of 20.6% year-on-year, with an operating profit margin reaching 4.5%, the highest for any promotional quarter in the company's history [2] - The core retail business has shown consistent potential, with gross profit margins increasing for 13 consecutive quarters [2][3] New Business Developments - JD's new business initiatives, including food delivery, are progressing well, with daily order volumes exceeding 25 million during the 618 shopping festival and over 1.5 million quality merchants onboarded [4] - The launch of "Seven Fresh Kitchen" aims to innovate the supply chain model in the food delivery market, enhancing quality development in the industry [4] Logistics and Technology Advancements - JD Logistics has implemented its self-developed "Smart Wolf" system across multiple cities, significantly improving warehouse operational efficiency and enabling high-density storage [3] - The integration of online and offline data and services in JD MALL provides consumers with an immersive and digital shopping experience [3]

二季度，京东集团收入为3,567亿元人民币（约498亿美元），同比增长22.4%，远超市场预期，再次刷 新近三年来同比增速的纪录。 二季度，京东集团绝大多数品类实现加速增长，带电等核心品类优势愈发巩固。日百品类收入同比加速 增长了16.4%，其中商超品类连续6个季度保持收入同比双位数增长。服务收入同比加速增长了29.1%。 京东外卖带动新业务的收入同比大幅增长了199%。 二季度，得益于核心零售业务和外卖等新业务的发展势头，京东集团的季度活跃用户数和购物频次均实 现超过40%的同比增长，季度活跃用户数实现了连续7个季度的同比双位数增长。 "二季度，京东平台的用户流量、季度活跃用户数以及用户购买频次等均取得显著增长，这主要得益于 核心京东零售业务和外卖等新业务的持续发展势头，"京东集团首席执行官许冉女士表示。"本季度，京 东零售收入同比增长20.6%，表现强劲，经营利润率达到4.5%，创下公司历史上所有大促季度的最高纪 录。同期，京东外卖业务也取得健康发展，不仅在订单量增长、商家数量扩大、全职骑手招聘等方面稳 步推进，更重要的是与京东零售以及其他现有业务形成有效协同，成功达成我们的初期战略目标。展望 未来，随着 ...

格隆汇8月14日｜京东(JD.US)美股盘前涨3.1%。京东集团第二季度净营收3566.6亿元，同比增22.4%，预估3354.5亿元；第二季度调整后每ADS收益4.97元， 预估3.78元。 ...

经济观察网8月14日，京东集团在港交所公告，第二季度收入为3567亿元，同比增加22.4%；归属于公 司普通股股东净利润为62亿元，上年同期126亿元。 ...