On March 6th, JD Group (HK9618, stock price of HKD 89.2, market value of HKD 283.63 billion) released its Q4 and full year performance for 2023. In the fourth quarter, the revenue reached 306.1 billion yuan, a year-on-year increase of 3.6%; The annual revenue was 1084.7 billion yuan, a year-on-year increase of 3.7%.
The net profit attributable to the common shareholders of the company in the fourth quarter of 2023 was RMB 3.4 billion (USD 500 million), compared to RMB 3 billion in the same period last year. The net profit attributable to the common shareholders of the company for the whole year of 2023 was RMB 24.2 billion (3.4 billion US dollars), and for the whole year of 2022, it was RMB 10.4 billion.
JD Group announced simultaneously that its board of directors has approved annual cash dividends, with a total dividend amount of approximately $1.2 billion, exceeding the $1 billion in 2023. The board of directors of JD Group has also approved a new share repurchase plan, which, upon the expiration and effectiveness of the existing share repurchase plan, can repurchase shares worth no more than $3 billion within the next 36 months up to March 2027.
As of the closing of the Hong Kong stock market on March 6th, JD Group's stock price has risen by 7.79%. As of the time of publication, JD. com's US stock market rose by over 13% before trading.
JD issues excessive year-end bonuses to procurement and sales employees: the bonus scale has increased by 72% year-on-year
Before the Spring Festival, JD.com announced that it would increase salaries for frontline employees such as JD.com Procurement and Sales, JD.com Customer Service, etc., and released corresponding salary increase rules and specific increase ratios. After the holiday, the year-end bonus for JD Retail Boss unit has been received.
On March 1st, a reporter from the Daily Economic News learned from an insider at JD.com that JD.com announced the distribution of the year-end bonus for the JD Retail Boss unit on its intranet today.
The announcement shows that in response to JD's procurement and sales, JD has significantly increased its investment in year-end bonuses, with a year-on-year increase of 72%. Among them, 16 business groups received a total bonus of over 20 times their monthly salary, and the highest business group received a bonus of over 50 times their monthly salary.
In addition, the reporter learned that among the JD sales team that received the excess year-end bonus this time, some people directly received over a million yuan in year-end bonuses, and there were also recent graduates born in the 2000s who started working last year who directly received nearly 20 times their monthly salary in year-end bonuses.
JD Logistics launches large-scale recruitment: Approximately 20000 people will be recruited in the first half of 2024
On February 29th, JD Blackboard News WeChat reported that recently, JD Logistics launched the "Ten Thousand Recruitment Plan". In the first half of 2024, it will attract about 20000 new employees, focusing on supply chain, operations, management, sales and other areas. Through recruitment projects such as "Boss Recruitment Order" and "Youth Cadre Class", it will focus on introducing grassroots managers, reserve management talents, frontline operators and other positions, aiming to further enhance the professionalism of JD Logistics talents.
According to the introduction, under the assessment guidance of "more work, more pay, and every improvement is incentivized and not capped", in 2023, the highest multiple of year-end bonuses for frontline boss positions will reach 23 times, and the average salary of frontline employees in multiple teams will double. With the continuous development of business, many positions such as supply chain sales positions and intelligent warehouse administrators have been released to the outside world.
In recent years, many frontline employees have retired one after another. Thanks to the company's various welfare policies, including "six insurances and one fund", they are now living a secure retirement life.
JD Blackboard Report
According to JD Blackboard News, on February 5th, JD Group announced that starting from February 1st, 2024, over 20000 JD frontline customer service employees will achieve an average annual salary increase of over 30%.
JD stated that JD customer service was established in 2009 and has now developed into the largest self operated customer service team in the industry. In addition to paying the "five insurances and one fund" for all employees, JD.com has established a multi-dimensional welfare care and talent development mechanism.
It is worth noting that according to a previous report by Meijing.com, a reporter from the Daily Economic News learned from JD.com that starting from January 1, 2024, all online business colleagues at JD.com will have their original monthly performance-based salary and floating year-end bonus added to their fixed salary, enjoying a fixed year-end bonus of four times their monthly salary. After the adjustment, the annual fixed salary will increase by nearly 100%.
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