On November 15th, JD.com released its performance report for the third quarter of 2023. The company achieved revenue of 247.7 billion yuan, including service revenue of 52.4 billion yuan, accounting for more than 20% of the overall revenue for the first time, reaching 21.2%. The logistics and other service revenue in service revenue increased by 19.3% year-on-year.
In terms of profit performance, in the third quarter, JD achieved a net profit (non US GAAP) of 10.6 billion yuan, exceeding market expectations, with a net profit margin of 4.3% and a retail operating profit margin of 5.2%.
Data shows that as of the end of the third quarter, the scale of JD's supply chain infrastructure assets increased by 17% year-on-year, reaching 148.6 billion yuan. JD Logistics operates over 1600 warehouses, including the management area of the cloud warehouse ecological platform. The total management area of JD Logistics warehousing network exceeds 32 million square meters.