On August 15th, JD Logistics released its 2024 interim performance report. In the first half of the year, JD Logistics' performance continued to grow with high quality, with a total revenue of 86.3 billion yuan, a year-on-year increase of 11%. Among them, the revenue from external customers was 59.9 billion yuan, a year-on-year increase of 11.2%, accounting for about 70% of the total revenue.
It is worth mentioning that JD Logistics has achieved significant results in continuously improving operational efficiency and quality. The adjusted net profit for the first half of 2024 was 3.12 billion yuan, a year-on-year increase of 2631.2%, reaching a new high in profitability and significantly exceeding market expectations.
As of the first half of this year, JD Logistics has been profitable for five consecutive quarters and its profitability has steadily improved. This also means that JD Logistics continues to promote its network, products, technology, and other aspects, further unleashing economies of scale and entering a good stage of stable development.
For many years, JD Logistics has continuously promoted the widespread application of integrated supply chain solutions and high-quality logistics services, helping customers in various industries effectively improve operational efficiency, reduce operating costs, and enhance customer experience. In the first half of 2024, JD Logistics deepened cooperation with multiple top customers in industries such as home appliances, clothing, and alcoholic beverages. At the same time, standardized service products were created for mid-level customers to promote steady growth in external integrated supply chain revenue.
In the first half of the year, the revenue of JD Logistics' integrated supply chain customers reached 41.8 billion yuan, and the revenue from external integrated supply chain customers reached 15.4 billion yuan, maintaining a steady growth trend. By continuously improving the competitiveness of products and services, stimulating frontline sales vitality and other development strategies, JD Logistics has further achieved growth in the number of external integrated supply chain customers, and continuously expanded the breadth of cooperation and service depth with customers. As of the first half of 2024, the number of external integrated supply chain customers has reached 64000, and the average single customer income of external integrated supply chain customers has reached 239000 yuan.
While continuously expanding the integrated supply chain logistics, JD Logistics continues to create industry-leading express delivery services and collaborates with Deppon to strengthen the construction of basic network capabilities. The constantly improving standardized products such as express delivery and express delivery always represent the highest standards in the industry, such as high quality, reliability, and convenience. In the first half of 2024, JD Logistics' revenue from other customers reached RMB 44.5 billion, a year-on-year increase of 14.5%.
For many years, JD Logistics has actively promoted high-quality employment, investing in frontline employees and ensuring their salary and benefits. As of the end of June this year, JD Logistics has over 430000 frontline operators, a year-on-year increase of 4.6%. At the same time, JD Logistics has also ensured the salary and welfare of its employees through practical investment. The salary and welfare expenditure of frontline employees of JD Logistics was 29.9 billion yuan, a year-on-year increase of 14.9%.
In recent years, JD Logistics has continued to pursue proactive innovation and change, adhering to the operational philosophy of "minimum handling times and shortest transportation distance". Through measures such as optimizing network layout and iterating technology applications, it has continuously improved the operational efficiency and quality of each link, achieving significant results. With the continued recovery of the macro economy, JD Logistics has also shown a good development trend. In the future, JD Logistics will continue to uphold a long-term approach and use digital technology to promote the quality and efficiency improvement of domestic and foreign enterprises, as well as the high-quality development of the industry.