Technology leads to cost reduction, efficiency improvement, and increased revenue! JD Logistics (02618) is expected to achieve a total revenue of 182.8 billion yuan and a adjusted net profit of 7.9 billion yuan in 2024.

date
06/03/2025
avatar
GMT Eight
On March 6, JD LOGISTICS Limited Company (stock abbreviation "JD LOGISTICS", stock code: 02618) released its annual performance report for 2024. In 2024, JD LOGISTICS achieved a revenue of 182.8 billion RMB, a year-on-year increase of 9.7%, with a revenue of 52.1 billion RMB in the fourth quarter, a year-on-year increase of 10.4%. Among them, the revenue from external customers in 2024 reached 127.8 billion RMB, a year-on-year increase of 9.6%, accounting for nearly 70% of total revenue, serving over 80,000 external integrated supply chain customers. It is worth mentioning that in 2024, JD LOGISTICS has consistently adhered to the operational philosophy of "placing goods closest to consumers, reducing handling times and distances", promoting the construction of supply chain infrastructure, technological advancement, and innovative models. Through meticulous operation and management, JD LOGISTICS has further improved its operational efficiency, achieving a new record in profitability. In 2024, JD LOGISTICS' adjusted net profit reached 7.9 billion RMB, a year-on-year increase of 186.8%. Technological and model innovation drives performance growth Over the years, JD LOGISTICS has always placed technological innovation at the forefront, focusing on the organic integration of innovative technological services with diverse scenarios. By exploring cutting-edge technologies and developing logistics technology products and solutions that are digitalized, intelligent, and integrated, JD LOGISTICS has effectively promoted cost reduction, efficiency enhancement, and industry upgrading. Currently, JD LOGISTICS' technology-driven products and solutions cover the main processes and key links in the logistics supply chain, creating a logistics technology hardware and software product matrix that spans the entire supply chain. Through key technologies such as digital twins and artificial intelligence, JD LOGISTICS has established comprehensive technology service capabilities that cover all scenarios of the supply chain. In 2024, JD LOGISTICS further upgraded its digital supply chain technology landscape with the introduction of the "JD LOGISTICS Super Brain", integrating AI, big data, operations research, and other digital technologies deeply into various logistics processes. This focuses on cost reduction and efficiency enhancement throughout the supply chain, achieving intelligent applications from planning to warehousing, distribution, and delivery scenarios. The "JD LOGISTICS Super Brain" integrates advanced technologies and software and hardware collaboration, achieving comprehensive intelligence in scenarios such as storage, picking, packaging, and sorting. The "JD LOGISTICS Super Brain" system, based on self-developed distributed simulation technology, has the ability to simulate millions of orders and process millions of data in minutes, integrating algorithms such as volume prediction, dynamic routing, and intelligent scheduling to dynamically adjust transport resources and optimize transport routes. The logistics large model is also applied in dozens of scenarios such as anomaly control, process automation, and intelligent interaction, continuously improving front-end identification and prevention of anomalies, enhancing human efficiency, and empowering hundreds of thousands of front-line employees.JD LOGISTICS continues to collaborate with Deppon and Kuayue to refine express delivery solutions, drive sustainable business growth, and currently leads the national fast delivery business including Deppon and Kuayue. By 2024, JD LOGISTICS will further expand its market in core industrial clusters across the country, such as in a well-known furniture professional market. By investing in facilities, straightening routes, and upgrading systems, it has improved operational capabilities, significantly enhanced product competitiveness and service capabilities, and provided efficient and safe transportation services to over 300 local businesses.Integration of external supply chain customers exceeds 80,000 Over the past year, JD LOGISTICS has continued to deepen its industry-specific supply chain logistics service capabilities, further enhancing its customer service capabilities in multiple segments such as home appliances and furniture, fast-moving consumer goods, and more. Currently, JD LOGISTICS can provide home appliance products with recycling quality inspection and both forward and reverse integration services. In 2024, it provided reverse quality inspection refurbishment and nearby warehouse shelving solutions to a leading Chinese small home appliance brand, effectively reducing the customer's handling distance and the number of handling trips by 4 times. In the fast-moving consumer goods industry, as the first Chinese supply chain logistics partner of a well-known international consumer goods brand, JD LOGISTICS not only further undertakes all of its supply chain operations in China, but also successfully expands the omnichannel "one-pallet" cooperation model. The integrated service of "BC multi-scenario, all categories same warehouse" effectively helps customers achieve cost reduction, efficiency enhancement, and positive business growth. With its industry-leading and efficient integrated supply chain logistics services, JD LOGISTICS' high-quality services have basically covered mainstream e-commerce platforms in China by 2024. Currently, JD LOGISTICS operates over 3,600 self-operated warehouses and cloud warehouses nationwide, with a total management area exceeding 32 million square meters. The storage network covers almost all counties and districts nationwide, and on this basis, JD LOGISTICS further explores industry-specific and customized warehousing supply chains. Continued rapid growth in overseas business While consolidating its leading position in domestic services in China, JD LOGISTICS actively expands its overseas business, achieving sustained rapid growth in integrated overseas supply chain revenue in 2024. By the end of 2024, JD LOGISTICS had more than 100 bonded warehouses, direct mail warehouses, and overseas warehouses, with a total management area exceeding 1 million square meters, covering 19 countries and regions globally. In 2024, JD LOGISTICS successfully served a Chinese automobile brand, Shanxi Guoxin Energy Corporation, in central Europe with trunk transportation and warehousing and distribution services. At the same time, JD LOGISTICS also provided end-to-end services covering cross-border transportation, customs clearance, warehousing, and distribution for another Chinese automotive brand entering overseas markets. In the Middle East region, it established the first benchmark warehouse for auto parts, realizing an integrated service of "sea to warehouse + comprehensive distribution in the Middle East" to provide efficient logistics support for Chinese auto brands expanding overseas markets. In addition, in 2024, JD LOGISTICS continued to expand high-quality logistics warehouses in countries like the United States, Japan, Malaysia, and regions like Hong Kong, China, forming a more complete global supply chain logistics coverage capability. Furthermore, JD LOGISTICS continued to expand its cross-border transportation service capabilities, adding multiple international all-cargo airline routes such as Shenzhen to Kuala Lumpur and Ezhou to Bangkok, further enhancing the air cargo transportation connection between China and Southeast Asia. To help Chinese outbound enterprises, cross-border merchants, and overseas companies achieve cost reduction, efficiency enhancement, and high-quality development, JD LOGISTICS will comprehensively promote the construction of a global warehouse network, aviation network, and international express service capabilities, creating a "2-3 day delivery" time efficient circle for overseas warehouses, and dedicated to providing customers with worry-free and efficient global "one-pallet" services. Promoting high-quality employment and practicing social responsibility Over the years, the JD Group has always adhered to the business values of "success through righteousness", and JD LOGISTICS has continuously assumed social responsibilities, fully guaranteeing the wages and benefits of workers, and practicing green and sustainable development concepts. As the only privately-owned enterprise in the industry that has signed formal labor contracts and continuously pays "five social insurances and one housing fund" for all frontline employees, JD LOGISTICS strives to ensure that all employees can have "sufficient retirement support, medical care when needed, and compensation for injuries". By the end of 2024, over 1,200 frontline employees had retired honorably from JD LOGISTICS. At the same time, with its flexible and resilient integrated supply chain capabilities, JD LOGISTICS has responded to natural disasters on multiple occasions, helping disaster-affected populations and regions through frontline efforts. Faced with multiple natural disasters in 2024, JD LOGISTICS quickly initiated emergency rescue operations, coordinated transportation fleets, and urgently transferred supplies from nearby warehouses to deliver them in the fastest possible time. In addition, JD LOGISTICS continues to explore green technology and has created an industry-leading logistics supply chain green development model through AI algorithm efficiency enhancement, the use of green energy and transportation equipment, and the recycling of packaging materials. In 2024, JD LOGISTICS' independently developed MRV-T (carbon footprint monitoring, reporting, verification, and tracking) digital carbon reduction technology was included in the "Green Technology Promotion Catalog (2024 Edition)" published by the National Development and Reform Commission and other departments, becoming the only green technology selected in the logistics green industry category. In addition, JD LOGISTICS' algorithm-based deep integration solution for railway transportation was successfully included in the first batch of typical cases effectively reducing the total social logistics costs released by the National Development and Reform Commission, becoming a benchmark for reducing costs and enhancing efficiency in the logistics industry. Over the years, JD LOGISTICS' ESG achievements have been recognized multiple times by international authoritative institutions. In 2024, JD LOGISTICS' score in the S&P Global Corporate Sustainability Assessment improved, ranking among the top in the global industry, and has recently been included in the S&P Global "Sustainability Yearbook 2025". Hu Wei, JD LOGISTICS CEO and member of the JD Group SEC, stated that thanks to JD LOGISTICS' continuous promotion of technology and innovation over the years, its global supply chain logistics network, spanning the globe, continues to generate economies of scale, driving performance to achieve high-quality growth once again. For many years, JD LOGISTICS has adhered to technology-driven operations, continuously explored the application of cutting-edge technology in logistics supply chains, improved integrated supply chain logistics services and innovation models, tirelessly fine-tuned its express services to perfection, which has been instrumental in supporting JD LOGISTICS.S's own high-quality growth further helps enterprise customers and industries achieve improved quality, increased efficiency, and reduced costs, making a greater contribution to the continuous reduction of logistics costs in the entire society.Formattare il testo significa dare una forma definita e ordinata al testo scritto.

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