Jingdong Group’s second quarter revenue was 287.9 ​​billion yuan, with core indicators exceeding expectations

News from this site on August 16, JD.com Group released its Q2 financial report today. Revenue in the second quarter of 2023 was 287.9 ​​billion yuan (US$39.7 billion), a year-on-year increase of 7.6% from the second quarter of 2022 . Net service revenue in the second quarter of 2023 was 54.1 billion yuan ($7.5 billion), an increase of 30.1% from the second quarter of 2022, with officials saying that "core indicators comprehensively exceeded expectations."

In the second quarter of 2023, JD Retail’s operating revenue reached 8.3 billion yuan ($1.1 billion), a significant increase from 3.8 billion yuan in the same period last year. Additionally, non-GAAP operating income in the second quarter of 2023 was 8.7 billion yuan ($1.2 billion), exceeding the 5.8 billion yuan in the same period last year. JD Retail's operating profit margin before unallocated items in the second quarter of 2023 was 3.2%, slightly lower than the 3.4% in the same period last year

The net income attributable to the company's ordinary shareholders in the second quarter of 2023 was 66 billion (US$900 million), compared with RMB4.4 billion in the same period last year. In the second quarter of 2023, non-GAAP net income attributable to the company's common shareholders was RMB 8.6 billion (USD 1.2 billion), compared with RMB 6.5 billion in the same period last year, a year-on-year increase of 31.9%, exceeding market expectations .

R&D expenses in the second quarter of 2023 increased by 1.1% compared with the same period in 2022, reaching 4.1 billion yuan (US$600 million). The proportion of R&D expenses to net revenue in the second quarter of 2023 was 1.4%, compared with 1.5% in the same period last year

As of the end of the second quarter, the total number of employees in the JD system has reached more than 560,000, and the investment is expected to exceed 6 billion Yuan Construction's "JD Youth City" has been officially launched and will provide nearly 4,000 employee apartments that can be moved in immediately in the future

According to previous reports on this site, JD Logistics' adjusted net profit in the second quarter was 8.3% billion, a year-on-year increase of 288%; revenue was 41 billion yuan, a year-on-year increase of 31.2%.

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