On the evening of November 13, Jingdong Group released its third quarter results for 2017. According to the announcement, Jingdong Group's net profit from continuing operations in non-GAAP reached a record high of 2.2 billion yuan this quarter RMB (about 330 million US dollars), a substantial increase of 359% over the same period, the United States under GAAP net profit from continuing operations of 1 billion yuan.
According to the announcement, Jingdong Group's third quarter net income reached 83.7 billion yuan (about 12.6 billion US dollars), an increase of 39.2%; as of September 30, 2017, Jingdong in the past 12 months, the operating cash flow from continuing operations was 19.9 billion (About 3 billion U.S. dollars) and free cash flow from continuing operations was 14.6 billion yuan (about 2.2 billion U.S. dollars). As of September 30, 2017, Jingdong had 266.4 million active users in the past 12 months, a year-on-year increase 34%.
'Jingdong practices its mission to provide Chinese consumers with the richest top branded products and the highest quality e-commerce experience of the moment.' Liu Qiangdong, Chairman and CEO of JD Group, said: 'Jingdong Innovative tools to help brands achieve high-precision network marketing activities, we are also creating a wealth of product content to enhance user engagement and we look forward to using the leading open Jingdong infrastructure to help more and more businesses and partners to improve efficiency, Achieve sales growth. '
In fact, in the third quarter of this year, Jingdong Group not only achieved profit for six consecutive quarters, but also set a record high profit in the history of Jingdong Group.
'We are very pleased to see Jingdong once again achieved steady growth in quarterly revenue while achieving record high profits,' said Huang Xuande, chief financial officer of Jingdong Group, 'The scale effect of the Jingdong model has become more and more evident. Looking ahead, Continue to invest in technology and attract top research and development personnel in the first place and implement Jingdong's vision of reforming the Chinese retail industry. '
In addition, Jingdong Group in the third quarter GAAP (continued) operating net profit reached 1 billion yuan (about 150 million US dollars), compared with a loss of 500 million yuan last year to achieve substantial growth .
Jingdong Group continued to maintain steady growth in total transaction volume (GMV) over the past three quarters, with a cumulative total of nearly 900 billion yuan (GMV) in the first three quarters, while during the just-past Jingdong 11.11 Global Goodies Festival, Jingdong Mall The total amount of orders exceeded 127.1 billion yuan, an increase of more than 50%, a total of 735 million pieces of goods sold, which also laid the foundation for the performance growth throughout the year.
In the tide of the Fourth Retail Revolution, Jingdong is devoted to transforming itself from a retail platform to a retail infrastructure service provider serving the whole society. It integrates the existing resources and capabilities to serve the unbounded retail scenario of the future. Can be suppliers and brands.
As we all know, Jingdong Group in the logistics field to maintain a peer lead.It is understood that, as of September 30, 2017, Jingdong operates a total of 405 large warehouses nationwide, with a total area of about 9 million square meters, which is currently China Power The largest area of self-built logistics system.
It is worth mentioning that in addition to outstanding logistics performance, Jingdong is also actively promoting overseas strategies to help more Chinese brands enter the global market with their own advanced retail infrastructure capabilities in e-commerce, smart logistics and supply chain management .
Looking forward to the fourth quarter, Jingdong expects its fourth-quarter net income of between 107 billion yuan to 110 billion yuan, an increase of about 35% to 39%, the above data to remove Jingdong Finance in 2017 and 2016 Finance Annual impact This forecast reflects the current initial expectations of Jingdong, may change.