【大河财立方 记者 陈薇】12月11日，京东集团旗下京东工业股份有限公司（以下简称"京东工业"）登陆港交所，这也是继京东集团、京 东物流、京东健康、达达集团、德邦股份后，刘强东收获的第6家上市公司。 2017年，京东工业开始独立运作，布局专注于MRO采购服务的供应链技术与服务业务。目前，其已成为中国MRO采购服务市场的最大 参与者。根据灼识咨询数据，按2024年交易额计，公司排名第一，规模为第二名的近三倍，同时也是中国工业供应链技术与服务市场最 大的服务提供商，市场份额达到4.1%。 按SKU数量计，京东工业在中国提供最广泛的工业品供应。截至今年6月底，其已提供约8110万个SKU，涵盖80个产品类别。截至今年6 月底前的12个月内，京东工业的商品供应源自由约15.80万家制造商、分销商及代理商组成的广泛的且覆盖全国的工业品供应网络。 其针对工业品采购给出的方案是，通过自营模式打通上游15万多家供应商，构建多级仓网，把MRO、部分BOM和备品备件统一纳入供 应体系，同时以"太璞"搭建数字智能化供应链方案。对于大型企业，"太璞"可以帮助企业进行系统性的供应链改造，对于中小企业，它 可以将企业需求拆解为标准化的S ...

Group 1 - JD Industrial and Delixi Electric signed a strategic cooperation agreement to expand product categories and explore innovative e-commerce models in the industrial sector [1] - JD Industrial reported significant growth during the 11.11 shopping festival, with nearly 200 industrial product categories and close to 1,000 brands achieving a doubling of transaction volume [1] - Delixi Electric, a leading brand in the low-voltage electrical industry, saw a 52% year-on-year increase in transaction volume on JD Industrial's platform, with a 58% increase in enterprise customer numbers and a 172% increase in average transaction value [1] Group 2 - The Chinese industrial products sector, primarily export-oriented, faces challenges in domestic market expansion due to a lack of marketing and operational experience [2] - JD Industrial aims to support the industrial sector in expanding its domestic market by providing digital channels and facilitating one-stop procurement for enterprise customers [2] - JD Industrial has become a leading provider of industrial supply chain technology services, serving approximately 11,000 large enterprises and millions of small and medium-sized enterprises [2] Group 3 - The partnership between JD Industrial and Delixi Electric addresses the challenges of timely procurement in the low-voltage electrical sector, enhancing the customer procurement experience [3] - The introduction of a new entry method for Delixi Electric's products on JD Industrial's platform resulted in a fourfold increase in the number of products entering the warehouse, significantly improving entry efficiency and order fulfillment rates [3] - JD Industrial is committed to driving the digital transformation and high-quality development of China's industrial supply chain through reliable digital supply chain technology and services [3]

Core Insights - JD Industrial and Delixi Electric signed a strategic cooperation agreement to enhance supply chain capabilities and explore innovative e-commerce models in the industrial sector [1][2] - JD Industrial reported significant growth in sales during the 11.11 shopping festival, with a 113% year-on-year increase in transactions on its one-stop procurement platform for SMEs, JD Gongpin Hui [1][2] - The partnership aims to address challenges faced by foreign trade-oriented industrial companies in expanding their domestic market presence [2][3] Group 1: Strategic Cooperation - The collaboration focuses on expanding product categories and enhancing the digital supply chain solutions provided by JD Industrial [1][2] - JD Industrial has become a leading provider of industrial supply chain technology and services, serving approximately 11,000 large enterprises and millions of SMEs [3][5] Group 2: Sales Performance - JD Industrial's hardware city saw transaction volumes double across about 200 industrial product categories [1] - Delixi Electric's sales in JD Industrial's self-operated warehouse increased by 52% year-on-year, with a 58% rise in enterprise customer numbers and a 172% increase in average order value [1] Group 3: Supply Chain Efficiency - The partnership has led to a fourfold increase in the number of products entering JD Industrial's self-operated warehouses, significantly improving order fulfillment rates and customer experience [4][5] - JD Industrial's service model, "京仓京配," supports various delivery timelines, enhancing the efficiency of industrial product supply and channel fulfillment [5] Group 4: Quality Control Initiative - JD Industrial launched the "No False Marking Action" to combat quality issues in the industrial products sector, implementing strict quality control measures and accountability for suppliers [6][7] - The initiative aims to promote high-quality development in the industrial sector and support manufacturers committed to quality [7][8]

Core Viewpoint - JD Industrial has submitted a listing application to the Hong Kong Stock Exchange, aiming to enhance its position in the MRO procurement services market and expand its industrial supply chain capabilities [1] Group 1: Company Overview - JD Industrial is the largest participant in China's MRO procurement services market, with a transaction volume projected to be nearly three times that of the second-largest competitor by 2024 [1] - The company is also the largest service provider in China's industrial supply chain technology and services market, holding a market share of 4.1% as of 2024 [1] Group 2: Client Base and Product Offering - As of June 30, 2025, the company 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 [2] - The company offers the widest range of industrial products in China, with approximately 81.1 million SKUs across 80 product categories as of June 30, 2025 [2] - The product supply network consists of about 158,000 manufacturers, distributors, and agents nationwide [2] Group 3: Financial Performance - The company's total revenue from continuing operations increased from RMB 14.1 billion in 2022 to RMB 17.3 billion in 2023, and is projected to reach RMB 20.4 billion in 2024, reflecting a compound annual growth rate of 20.1% [3] - The company recorded a net loss of RMB 1.3 billion in 2022, followed by a net profit of RMB 4.8 million in 2023, and a projected net profit of RMB 760 million in 2024 [3] - For the six months ending June 30, 2024, the company reported a net profit of RMB 290 million, and for the six months ending June 30, 2025, a net profit of RMB 450 million [3] Group 4: Business Operations and Revenue Sources - The company operates a non-public exclusive digital procurement system for key enterprise clients, with independent websites and mobile applications providing direct access to products and services [4] - Revenue not involving JD Group traffic was RMB 7.5 billion, RMB 9.8 billion, RMB 12.3 billion, and RMB 6.6 billion for the years ending December 31, 2022, 2023, 2024, and for the six months ending June 30, 2025, respectively, accounting for 52.9%, 56.6%, 60.3%, and 63.9% of total revenue [4] - Revenue from JD Group platforms was RMB 6.7 billion, RMB 7.5 billion, RMB 8.1 billion, and RMB 3.7 billion for the same periods, representing 47.1%, 43.4%, 39.7%, and 36.1% of total revenue [4] Group 5: Future Plans - The funds raised from the listing are intended for enhancing industrial supply chain capabilities, regional business expansion, potential strategic investments or acquisitions, and general corporate purposes and working capital needs over the next 48 to 60 months [4]

Core Insights - The event hosted by JD Industrial aimed to promote the digital transformation of the laboratory supplies supply chain, enhancing efficiency and cost-effectiveness for research institutions and enterprises [1][2] - The traditional procurement model in the laboratory supplies industry is facing challenges such as long delivery times, weak emergency response, and fragmented internal processes, necessitating a shift towards a digital supply chain [1][2] - JD Industrial is committed to investing significant resources to improve product quality, expand user base, and build capabilities within the laboratory supplies sector [2][3] Industry Challenges - The laboratory supplies industry is experiencing increased demands for supply chain efficiency due to the overall enhancement of China's research capabilities [1] - Traditional procurement methods are inadequate, leading to issues such as high customer acquisition costs for brand manufacturers and inefficiencies in meeting diverse research needs [2] - The lack of transparency in pricing and compliance risks in procurement processes are significant pain points for enterprises and research institutions [1][2] Company Initiatives - JD Industrial is leveraging its robust digital infrastructure and supply chain technology to create a comprehensive digital supply chain system that connects supply and demand effectively [2] - The company is focused on providing a seamless digital procurement experience, enhancing cost efficiency through strict quality control and supply chain management [3] - JD Industrial aims to facilitate a full-process online procurement system, utilizing historical data to predict material needs and improve delivery agility [3]