JD-SW(09618) 2024 performance outstanding. Synergistic growth in multiple sectors. Shareholders' net profit attributable to the company increased by 71.14% to 41.359 billion yuan.

JD-SW(09618) announced its performance for the fourth quarter of 2024, with revenue of RMB 3469.86 billion, an increase of 13.37% year-on-year. Operating profit was RMB 8.491 billion, a threefold increase year-on-year; net profit attributable to ordinary shareholders of the company was RMB 9.854 billion, an increase of approximately 1.91 times year-on-year; basic earnings per share was RMB 3.39. The revenue for the full year of 2024 was RMB 11,588.19 billion, an increase of 6.8% compared to the full year of 2023. Operating profit was RMB 38.736 billion, an increase of 48.84% year-on-year; net profit attributable to ordinary shareholders of the company was RMB 41.359 billion, an increase of 71.14% year-on-year; basic earnings per share was RMB 13.83, with a cash dividend of $0.5 per share. In January 2025, JD Retail announced the comprehensive upgrade of PLUS members: launching the "Life Service Package," PLUS members can exchange points for free home services such as housekeeping, laundry, shoe cleaning, car washing, and express delivery; adding "180-day exchange without repair," PLUS members can exchange new household appliances and self-operated electronics within 180 days if there are quality issues; in addition, the "unlimited free shipping" service now includes self-operated instant delivery services. In the fourth quarter of 2024, JD Health continued to enhance its service experience, further expanding the coverage of "home fast testing" services to provide health assistance to more people during the high-incidence period of respiratory diseases. By the end of the fourth quarter, JD Home Fast Testing had launched 149 rapid testing products, covering 12 core cities nationwide, with a total population coverage of over 150 million. During the 2024 JD 11.11 period, JD Logistics celebrated the first anniversary of its express delivery service upgrade in the Hong Kong and Macau region, providing differentiated services such as home delivery, nighttime pick-up, and same-city express delivery, driving a rapid increase in express delivery volume in Hong Kong and Macau. In the fourth quarter of 2024, JD Logistics further clarified its overseas strategic roadmap, advancing the construction of a global warehouse network, aviation network, and international express delivery service capabilities to provide a one-stop global supply chain logistics service for overseas customers, Chinese brands going global, and cross-border merchants, achieving ultimate peace of mind and efficient global supply chain logistics service. "With the gradual recovery of the consumer market, we are pleased to end 2024 on a strong note in the fourth quarter. JD's revenue growth rate has returned to double digits year-on-year, and profits have also maintained healthy growth. In addition, most category revenues and key metrics, including active user numbers and shopping frequency, have achieved healthy double-digit year-on-year growth, demonstrating the continuous improvement of our user stickiness," said Ms. Xu Ran, CEO of JD Group. "We are more optimistic about 2025. With consumer sentiment steadily improving and our strong execution of strategic priorities, we will continue to unleash high-quality growth potential." "In the fourth quarter, JD's revenue grew by 13.4% year-on-year. Multiple categories and business segments showed healthy growth momentum, fully reflecting the macroeconomic consumption recovery, and JD's market share continues to expand steadily," said Mr. Shan Su, CFO of JD Group. "In 2024, our profitability continued to improve, mainly due to our relentless efforts in cost control and operational efficiency optimization. We are confident in gradually achieving our long-term profitability goals, and based on this, we are pleased to announce an increase in the cash dividend payout for the year 2024, in line with our existing $5 billion total stock repurchase plan, further demonstrating JD's steadfast commitment to creating value for shareholders."