On August 16, Jingdong Group announced its second-quarter performance report for FY2018. The report shows that Jingdong Group's net income for the quarter reached 122.3 billion yuan, a year-on-year increase of 31.2%, not only hitting a new quarterly net income, but also achieving 9 consecutive quarters. Profit. The core data for the second quarter results include:
Net income for the second quarter of FY 2018 was 122.3 billion yuan (about 18.5 billion U.S. dollars), a year-on-year increase of 31.2%;
Net service revenue for the second quarter of FY 2018 was RMB 11.8 billion (approximately US$ 1.8 billion), a year-on-year increase of 51.0%;
In the second quarter of FY 2018, Jingdong Mall’s operating margin was 1.1%, compared with 0.8% in the same period last year, and the profit margin increased significantly;
Three major businesses lead the performance to continue to grow
In response to this performance report, industry insiders pointed out that Jingdong's revenue sources are mainly in 3C, home appliances and other three major advantages. 3C, home appliances still maintain a strong competitive advantage in Jingdong; In addition, large customers, fresh and other new business growth The momentum is rapid and has a very bright performance. At the same time, the construction of retail infrastructure based on intelligent supply chain, data service and store technology has also fully demonstrated its effectiveness. This 'three core business' goes hand in hand, into Jingdong performance The main reason for continued growth.
3C, home appliances maintain a strong competitive advantage
During this year's '618 Global Mid-Autumn Festival', in the 3C category of notebooks, desktops, etc., JD's share accounted for 93.2% and 83.1% respectively; and in the field of home appliances, according to the August 2nd Ministry of Industry and Information Technology According to the report released by the research institute and data organization GfK in the same period, the total retail sales of the home grid purchase market in the first half of the year exceeded 264.1 billion yuan, and Jingdong's sales accounted for 60.5%. The leading position in the industry is very obvious.
Rapid development of emerging business areas
In the emerging business areas such as large customers and fresh food, JD.com has not only achieved rapid development. JD.com has sold 6 million durians from Thailand to more than 300 cities in China during its opening of the Thai Super Brand Day. In the cooperation of fresh durian, Jingdong has signed a direct mining agreement with Southeast Asia's old fruit supplier Red Sun Fruit Trade Co., Ltd. and Kaf Fruit Import and Export Co., Ltd., and the signing with kaf even attracted the governor of Thailand's Chanthaburi Governor.
Focus on the retail industry
In the future, JD will focus on the construction of retail infrastructure based on intelligent supply chain, data services and store technology, making it an important direction for sustained growth.
In Jingdong's view, the core of the competition in the retail industry is how to improve the efficiency of the supply chain. Because compared with the traditional retailers with only more than 100,000 SKUs, Jingdong Mall has millions of SKUs, which is difficult for supply chain management. It is said that it is almost a geometric growth. However, Jingdong Mall's self-operated business can still control the comprehensive expense ratio to the level of the global super retail company, and more profits can be given to brands and consumers.
Continue to increase investment in technology and achieve more sustainable development
According to this financial report, while Jingdong has experienced rapid growth in revenue, it has invested heavily in logistics infrastructure, technology research and development, and market expansion. Although it has affected the overall profitability of JD, to a certain extent, It also makes Jingdong's future layout more solid.
Jingdong is committed to the research and development of core technologies such as artificial intelligence and big data, as well as the efficiency of application areas such as intelligent logistics, intelligent supply chain and after-sales service. The investment in R&D has increased. In the second quarter of FY 2018, Jingdong Group used in technology research and development. The investment increased to 2.78 billion yuan, a significant increase of 79.8% compared with the 1.546 billion yuan in the same period of last year. Jingdong Group's investment in technology research and development showed a sustained high growth trend.
In terms of cloud computing, Jingdong Cloud, a subsidiary of JD.com, is a cloud computing integrated service provider. It started to serve in 2016. Based on E-Commerce Cloud, JD.com launched the unbounded retail e-commerce cloud solution.
In the hardware facilities of intelligent logistics, the unmanned aerial vehicles, unmanned vehicles and unmanned warehouses independently developed by Jingdong X Business Unit constitute the Jingdong Unmanned Technology Matrix.
From the perspective of the direction, it is foreseeable that Jingdong will invest in science and technology that will determine the future of the retail industry for a long time, and gradually become a company that uses technology to build supply chain services. In the future, with more new types of business, JD will be more empowered. For manufacturers, and benefit users.
