Jd.com ‘s annual report for the fiscal year ended December 31, 2024, showcases a substantial growth.
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JD.com (NASDAQ:JD), a leading Chinese e-commerce giant, continues to excel in its traditional e-commerce and logistics operations. The company’s annual report for the fiscal year ended December 31, 2024, showcases a substantial growth in revenue, reaching RMB347.0 billion (approximately US$147.5 billion) in the fourth quarter alone, marking a 13.4% increase from the previous year. This growth is attributed to sales across multiple categories, including home appliances and electronics.
The full-year revenues were RMB1,158.8 billion (about US$158.8 billion), a 6.8% rise from 2023. JD.com’s strategic investments in technology and infrastructure have significantly bolstered its market position. The company is doubling its warehouse capacity and focusing on innovations such as 5G-powered smart logistics parks and intelligent warehousing systems.
Income from operations surged to RMB8.5 billion (US$1.2 billion), up from RMB2.0 billion in the same period the previous year. This improvement reflects a more operating margin, which climbed from 0.7% to 2.4%. The non-GAAP operating income also rose, reaching RMB10.5 billion (US$1.4 billion), with a non-GAAP operating margin of 3.0%, up from 2.5% in the prior year.
In recognition of its performance and commitment to shareholder value, JD.com’s board of directors approved an annual cash dividend of US$0.5 per ordinary share, or US$1.0 per American Depositary Share (ADS), for the fiscal year ended December 31, 2024. This dividend is scheduled to be paid in late April 2025, underscoring the company’s financial stability and confidence in its future prospects.
As JD.com continues to expand its influence across various sectors, its strategic initiatives are not only enhancing its competitive edge but also positioning it for sustained growth in China’s dynamic market landscape. The company’s ability to innovate and adapt to consumer needs and market conditions suggests a promising outlook for its operations in both the short and long term.
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