JD Logistics (02618) announced its annual performance, with a net profit attributable to shareholders of 6.198 billion yuan, a year-on-year increase of 905.78%. Both profit and profit margin have reached their best levels since going public.

JD Logistics (02618) released its annual performance as of December 31, 2024, with the group achieving revenue of RMB 182.838 billion, a year-on-year increase of 9.73%; shareholders' profit attributable to owners of the company was RMB 6.198 billion, a year-on-year increase of 905.78%; annual EBITDA under non-international financial reporting standards was RMB 20.343 billion, a year-on-year increase of 39.3%; basic earnings per share were RMB 1. The announcement stated that the increase in total revenue was driven by growth in revenue from integrated supply chain customers and other customers. Revenue from integrated supply chain customers increased by 7.2% from RMB 81.5 billion in 2023 to RMB 87.4 billion in 2024. The increase in revenue from integrated supply chain customers was mainly attributed to an increase in revenue from JD Group and an increase in revenue from external integrated supply chain customers driven by an increase in the number of such customers year-on-year. The number of external integrated supply chain customers contributing revenue during the period increased from 74,714 in 2023 to 80,703 in 2024. This growth in external integrated supply chain customers was mainly due to increased demand for the group's services and the group's continuous enhancement of integrated supply chain service capabilities. The average revenue per customer for the group in 2024 was RMB 400,156, compared to RMB 420,363 in 2023. Revenue from other customers increased by 12.1% from RMB 85.2 billion in 2023 to RMB 95.5 billion in 2024, mainly driven by an increase in business volume of express delivery services. It is reported that JD Logistics has set the long-term development goal of helping reduce social logistics costs since its establishment. The group actively responds to the national call for effectively reducing the overall social logistics costs, adheres to the core operational philosophy of "placing goods as close to consumers as possible, reducing handling times and distances," continues to promote supply chain infrastructure construction, technology-driven and innovative business models, as well as refined operations and mana...