Securities Times reporter Wu Jiaming
On November 15th, JD Group released its results for the third quarter of 2023, which showed that while revenue achieved positive year-on-year growth, net profit once again exceeded market expectations.
Data shows that in the third quarter of 2023, JD Group's revenue reached 247.7 billion yuan (approximately 34 billion US dollars); As a core category, electronic products and household appliances continue to maintain a year-on-year growth rate of revenue higher than the industry average; The service revenue reached 52.4 billion yuan (approximately 7.2 billion US dollars), accounting for over 20% of the overall revenue for the first time, reaching 21.2%, with logistics and other service revenue increasing by 19.3% year-on-year.
In the third quarter, JD Group's net profit attributable to common shareholders of listed companies under non US GAAP was 10.6 billion yuan (approximately 1.5 billion US dollars), exceeding market expectations; Under non US GAAP, the net profit margin attributable to common shareholders of listed companies is 4.3%, and the retail operating profit margin is 5.2%. It is worth mentioning that in the third quarter and first nine months of 2023, the company's total human resources expenditure (including its own employees and external personnel) reached 25.9 billion yuan and 76.3 billion yuan, respectively.
In the third quarter, we achieved stable revenue performance and reached a historic high in profit levels, mainly due to our proactive efforts in price competitiveness and platform ecological construction, as well as supply chain advantages, "said Ms. Xu Ran, CEO of JD Group, We are encouraged to see the progress made through a series of proactive efforts, such as the further expansion of the number of merchants and the improvement of user purchasing behavior. With our clear strategy of creating value for users and business partners, and our value proposition of further optimization with a focus on the future, I believe JD is in a favorable position to achieve long-term sustainable growth
It is reported that JD's "Chunxiao Plan" once again upgraded 20 measures to support merchants in the third quarter, driving the number of new merchants to reach a new high. The overall number of merchants in the third quarter maintained a three-digit growth year-on-year. During this year's JD.com Double 11, the number of viewers for JD.com's live streaming sales exceeded 380 million, driving sales of over 60 brands to exceed 1 billion yuan. The turnover of nearly 20000 brands increased by more than three times year-on-year, and the turnover of new merchants increased by more than five times month on month.