JD INDUSTRIALS (07618) released its annual performance, with a net profit of 2.314 billion yuan, an increase of 203.8% year-on-year.

JD INDUSTRIALS (07618) released its annual performance as of December 31, 2025, with the group's revenue reaching RMB 23.952 billion, an increase of 17.4% year-on-year; annual profit of RMB 2.314 billion, an increase of 203.8% year-on-year; annual non-International Financial Reporting Standards profit of RMB 1.131 billion, an increase of 5.3% year-on-year; basic earnings per share of RMB 1.12. The announcement stated that the growth in revenue was mainly driven by the continuous growth in our transaction volume. Specifically, our transaction volume increased by 16.5% from approximately RMB 28.8 billion in 2024 to RMB 33.5 billion in 2025, mainly attributed to our success in attracting new customers and expanding the market share of existing customers. The transaction volume attributable to key corporate clients increased by 26.5% from RMB 13.1 billion in 2024 to RMB 16.5 billion in 2025. This increase was mainly due to the increase in the number of key corporate clients served, from approximately 10,600 in 2024 to approximately 13,300 in 2025. The transaction volume attributable to small and micro customers increased by 8.3% from RMB 15.7 billion in 2024 to RMB 17 billion in 2025. Our sales revenue from goods (mainly including MRO and BOM products) increased by 17.3%, from RMB 19.2 billion in 2024 to RMB 22.5 billion in 2025, mainly driven by the increase in goods transaction volume from approximately RMB 21.8 billion in 2024 to approximately RMB 25.9 billion in 2025, an increase of 18.8%. Our service revenue (mainly including transaction platforms, advertising, and other services) increased from RMB 1.2 billion in 2024 to RMB 1.5 billion in 2025. The increase in advertising and other service revenue was mainly attributed to the continuous expansion of our service and user base. The growth in transaction platform revenue was mainly due to the increase in transaction volume from small and micro customers, who are increasingly preferring to purchase through our transaction platform.