🔹 Adj. EBITDA: ¥12.5B (Est. ¥11.17B) 🟢
🔹 Revenue: ¥346.99B (Est. ¥332.38B) 🟢; +13.4% YoY
Q4 Performance:
🔹 Operating Income: ¥8.5B (vs. ¥2.0B YoY) 🟢
🔹 Operating Margin: 2.4% (vs. 0.7% YoY)
🔹 Adj. Operating Income: ¥10.5B (vs. ¥7.8B YoY) ;
🔹 Adj. Operating Margin: 3.0%
🔹 Net Income: ¥9.9B (vs. ¥3.4B YoY)
🔹 Adj. Net Income: ¥11.3B (vs. ¥8.4B YoY)
🔹 Diluted EPS: ¥6.47 (vs. ¥2.13 YoY)
🔹 Adj. Diluted EPS: ¥7.42 (vs. ¥5.30 YoY)
Segment Breakdown:
🔹 JD Retail Revenue: ¥307.06B (+14.7% YoY)
🔹 JD Logistics Revenue: ¥52.10B (+10.4% YoY)
🔹 New Businesses Revenue: ¥4.68B (-31.0% YoY)
Strategic & Shareholder Updates:
🔹 Annual Cash Dividend: $1.0 per ADS (~$1.5B total payout)
🔹 $5.0B Share Repurchase Program in place until August 2027
🔹 Completed $3.6B in repurchases in 2024 (~8.1% of shares outstanding)
Management Commentary:
🔸 "We closed 2024 with double-digit revenue growth and expanding profitability across key metrics. Our PLUS membership upgrades and supply chain optimizations are strengthening JD's market position." – Sandy Xu, CEO
🔸 "With a strong financial position, we are enhancing shareholder returns via dividends and buybacks while maintaining operational efficiency." – Ian Su Shan, CFO