Last year, Double XI, Jingdong set a record cumulative order amount of more than 127.1 billion yuan.
However, this report card did not give Jingdong the quarterly earnings brightest.
Beijing on March 2, Jingdong released fourth quarter and full fiscal year 2017. As earnings per share American Depositary Receipts (ADS) earnings less than expected, Jingdong disk fell more than nearly 10% for the previous time, once the share price Below 42 dollars.
However, JD.com's share price has been rising all the way in the past year, up by 62.8% in 2017. It also rose 19% in January this year and hit a record high of US $ 50.68.
Less revenue per ADS than expected
The above earnings report, Jingdong fourth quarter of 2017 adjusted ADS earnings per share of 0.31 yuan, lower than market expectations of 0.38 yuan.
In contrast, Jingdong reported net revenues of 110.2 billion yuan (about 16.9 billion U.S. dollars) in the fourth quarter of 2017, up 38.7% from a year earlier, slightly higher than analysts' estimate of 108.98 billion yuan. During the quarter, Jingdong Services and other projects Of the total revenue was 100 billion yuan (about 1.5 billion U.S. dollars), an increase of 54.7% over the same period of 2004. In the fourth quarter, the total amount of trade in goods was 403.4 billion yuan.
It is worth mentioning that the non-GAAP non-GAAP EPS before EBITDA in the fourth quarter of 2017 was Rmb138.0bn compared with Rmb1.1bn in the same period of 2016, In the fourth quarter of 2017. EBITDA margin under Jingdong Non-GAAP was 0.1% in the fourth quarter of 2017, compared with 1.3% in the same period last year.
As of December 31, 2017, the number of active users in Jingdong was 292.5 million, an increase of 29.1% over the same period of 2006. During the same period, cash and cash equivalents, restricted funds and short-term investments of Jingdong totaled 38.4 billion yuan (about 5.9 billion U.S. dollars) The same period last year increased 57.3%.
If you look at overall performance in 2017, JD.com posted net income of 362.3 billion yuan (about 55.7 billion U.S. dollars) for 2017, an increase of 40.3% over the same period of the previous year, but data from Yahoo Finance shows that 36 analysts expect Jingdong's annual revenue For 56.8 billion US dollars (about 369 billion yuan), the annual revenue less than analysts expected.
In 2017, Jingdong's net profit from continuing operations under GAAP was RMB116.8 million (approximately US $ 18 million), compared with a net loss of RMB2 billion in continuing operations last year.
However, under Non-GAAP, Jingdong's net profit of continuing operations in 2017 was RMB5 billion (approximately USD800 million), representing an increase of 140% over the same period of previous year when compared with the net profit of continuing operations of RMB2.1 billion in the same period last year.
For revenue growth, Liu Qiangdong, Chairman and CEO of JD.com, said at a conference call after the release of the earnings report that at present, the proportion of advertising revenue from JD market in GMV is relatively low, and JD.com will increase in the future This piece of income.
'In the past advertising space left for businesses and brands to operate relatively small, the future will be advertising this piece of more operational space left to third parties.' "Liu Qiang East explained.
In addition, the transaction volume of Jingdong Platform in 2017 exceeded 1 trillion yuan to 1.3 trillion yuan, with 292.5 million active buyers each year, an increase of 29.1% over the same period of last year.
Big moves frequently
Jingdong proposed the concept of the fourth retail revolution in the second quarter of 2017 in an attempt to create a new format of unbounded retail through the layout of retail infrastructure and subsequent unbounded retail strategy of Jingdong emerged in the third quarter with more partners face.
According to the public information, Jingdong has successively reached a "Beijing degree plan" with Baidu, reached the "Jingqi Plan" with Qihoo 360, reached the "Jingyi Plan" with Netease, reached the "Jingyu Project" with Sogou, and reached agreement with Iqiyi 'Beijing love program' In addition, after the cooperation with Tencent and other domestic Internet platforms, the partners of 'Beijing X Program' seem to be small in size.
Recently, Jingdong also follow Tencent frequently exposed big moves in the capital markets.
In December 2017, together with Tencent and Vipshop, JD.com jointly announced that the three parties have reached a definitive agreement in which Jingdong and Tencent will invest approximately USD863 million in cash in the form of cash payments to WTDC Ltd. After the transaction delivery in December 2017, Considering the shares held before the transaction, Tencent and Jingdong held 7.0% and 5.5% respectively of all the issued shares of Vipshop Ltd. In signing the Equity Subscription Agreement, Tencent and Jingdong respectively reached a strategic cooperation agreement with Vipshop , Tencent, Jingdong and Vipshop have established a partnership after the transaction delivery.
According to Liu Qiang East revealed that the future Jingdong and Vipshop will complement each other in the back-end supply chain and logistics resources, both sides will share part of the supply chain resources.
In February 2018, JD.com, in conjunction with Tencent, took a step-by-step approach to becoming a leading retail retailer in China and obtained a minority stake in the company.
In December 2017, Jingdong also formally released the patched second-hand business to China's second-hand goods market, further expanding the development of the Jingdong ecosystem.
Jingdong also established a new joint venture company with Beautiful Alliance Group in January 2018 based on the new e-commerce platform established by the "shopping" entrance in WeChat Discovery Channel.
It is worth mentioning that, Liu Qiang East also began to gradually show Jingdong 'selling' money outside the ability to make money.
Jingdong Financial Business Independent and completed round A financing, Jingdong's 'word of mouth' business Jingdong Logistics announced the completion of a new round of financing.
On February 14, Jingdong Group announced that its Jingdong Logistics Group completed the first round of financing.
According to the definitive agreement, the total capital raised by Jingdong Logistics will be about 2.5 billion U.S. dollars. After completion of the transaction, Jingdong Group will still hold 81.4% of the shares of Jingdong Logistics.
Public information shows that the main investors of this financing include Gao Yan Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Open Fund, the National Fund, ICBC International and many other institutions.
The first financial reporter understands the data is that the current annual revenue of Jingdong logistics scale of nearly 30 billion yuan.Jingdong hope to be able to achieve 100 billion scale annual revenue target within 5 years, then the single list of revenue is expected to account for 50%.
'Jingdong logistics operating conditions than expected.' Liu Qiangdong in this conference call to give such a comment.
Earlier Davos winter annual meeting, Liu Qiangdong said Jingdong logistics reference Jingdong financial model, 'Jingdong logistics will be listed in the future.As for the place for listing, because the time to market is too early, there is no final decision.'