KEY TAKEWAYSChinese e-commerce giant JD.com on Thursday reported second-quarter profits nearly doubled from a year ago.The strong results come amid intense competition to draw cautious consumers as China's economy slows.JD.com’s American depositary receipts jumped in early trading Thursday following the release. Chinese e-commerce giant JD.com (JD) on Thursday reported second-quarter profits nearly doubled from a year ago, at a time when China’s online retailers are competing to draw cautious customers as t ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about JD.com, Inc. (JD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.JD.com currently has an average brokerage recommendation (ABR ...

1 The U.S. dollar (US$) amounts disclosed in this announcement, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this announcement is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 28, 2024, which was RMB7.2672 to US$1.00. The percentages stated in this announcement are calculated based o ...

Financial Performance - Total net revenues for Q2 2024 were RMB291.4 billion (US$40.1 billion), a 1.2% increase from RMB287.9 billion in Q2 2023[7] - Net income attributable to the Company's ordinary shareholders for the three months ended June 30, 2024, was RMB 12,644 million, representing a significant increase of 92.5% compared to RMB 6,581 million for the same period in 2023[26] - Non-GAAP net income attributable to the Company's ordinary shareholders for the three months ended June 30, 2024, was RMB 14,460 million, up 68.5% from RMB 8,557 million for the same period in 2023[26] - Operating income for Q2 2024 was RMB 10.5 billion (US$ 1.4 billion), up 27.0% from RMB 8.3 billion in Q2 2023, with a non-GAAP operating income of RMB 11.6 billion (US$ 1.6 billion)[61][69] - The company reported a net income of RMB 20,959 million for the six months ended June 30, 2024, up 59.5% from RMB 13,122 million for the same period in 2023[18] Revenue Growth - General merchandise revenues grew by 8.7% year-over-year to RMB88.8 billion (US$12.2 billion) for Q2 2024[7] - Total net revenues for the six months ended June 30, 2024, reached RMB 551,446 million, an increase of 3.8% from RMB 530,887 million for the same period in 2023[18] - Total revenues increased by 1.2% year-on-year, driven by robust growth in the general merchandise category, particularly supermarkets[46] Cash Flow and Liquidity - Free cash flow increased to RMB55.6 billion (US$7.7 billion) for the twelve months ended June 30, 2024, compared to RMB33.5 billion for the same period in 2023[5] - Operating cash flow for the twelve months ended June 30, 2024, was RMB 74.0 billion (US$ 10.2 billion), a 40.9% increase from RMB 52.5 billion in the previous year[61] - Net cash provided by operating activities for the six months ended June 30, 2024, was RMB 39.42 billion, up from RMB 24.90 billion for the same period in 2023, reflecting a growth of 58.5%[86] Expenses - Marketing expenses increased by 7.3% to RMB11.9 billion (US$1.6 billion) for Q2 2024, compared to RMB11.1 billion for Q2 2023, representing 4.1% of net revenues[1] - Research and development expenses for the three months ended June 30, 2024, were RMB 4,217 million, a slight increase from RMB 4,072 million for the same period in 2023[18] - Fulfillment expenses for Q2 2024 were RMB 17.2 billion (US$ 2.4 billion), a 3.2% increase from RMB 16.7 billion in Q2 2023, representing 5.9% of net revenues[68] Shareholder Equity - Shareholders' equity decreased to RMB287.3 billion (US$39.5 billion) as of June 30, 2024, from RMB295.8 billion[17] - The company repurchased a total of 136.8 million Class A ordinary shares for a total of US$2.1 billion during the three months ended June 30, 2024[46] - The company repurchased approximately 4.5% of its ordinary shares outstanding for the three months ended June 30, 2024, and 7.1% for the six months ended June 30, 2024[63][64] Assets and Liabilities - Total liabilities rose to RMB363.7 billion (US$50.0 billion) as of June 30, 2024, up from RMB332.6 billion as of December 31, 2023[17] - Total assets rose from RMB 628.96 billion as of December 31, 2023, to RMB 651.64 billion as of June 30, 2024, marking a 3.6% increase[80] - Cash and cash equivalents increased from RMB 71.89 billion as of December 31, 2023, to RMB 84.50 billion as of June 30, 2024, a rise of 17.5%[80] Non-GAAP Measures - Non-GAAP EBITDA rose by 30.1% to RMB13.5 billion (US$1.9 billion) for Q2 2024, with a margin of 4.6%, up from 3.6% in Q2 2023[2] - The company's non-GAAP operating margin improved to 4.0% for the three months ended June 30, 2024, compared to 3.0% for the same period in 2023[25] - Non-GAAP net margin attributable to the Company's ordinary shareholders was 5.0% for Q2 2024, up from 3.0% for Q2 2023[97] Strategic Initiatives - JD.com entered into strategic partnerships with brands like Xiaomi, Lenovo, and OPPO to enhance cooperation in smart devices and AI technology[48] - JD Health debuted new and specialty drugs online, including the first domestic order of Leqembi® for Alzheimer's treatment[48] Future Outlook - The company plans to discuss its financial results for the three and six months ended June 30, 2024, in a conference call on August 15, 2024[9] - The company remains focused on enhancing user experience and price competitiveness to ensure sustainable growth in the future[62]

BEIJING, Aug. 15, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three and six months ended June 30, 2024. Second Quarter 2024 Highlights Net revenues were RMB291.4 billion (US$140.1 billion) for the second quarter of 2024, an increase of 1.2% from the second quarter of 2023.Income from operations was RMB10.5 billion (U ...

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JD.com, Inc. (JD) is slated to report second-quarter 2024 results on Aug 15.For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $40.12 billion, indicating growth of 1.03% from the year-ago quarter’s reported figure.The consensus mark for earnings is pinned at 86 cents per share, suggesting 16.2% growth from the prior-year quarter’s reported number. The figure has been revised 6.2% upward over the past 30 days. Image Source: Zacks Investment Research JD.com has an impressive earnin ...

BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited financial results for the three months and six months ended June 30, 2024 on Thursday, August 15, 2024, before the U.S. market opens. JD.com's management will hold a conference call at 8:00 am, Eastern Time on August 15, 2024, (8:00 pm, Beijing/Hong Kong Time on August 15 ...

BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited financial results for the three months and six months ended June 30, 2024 on Thursday, August 15, 2024, before the U.S. market opens. JD.com’s management will hold a conference call at 8:00 am, Eastern Time on August 15, 2024, (8:00 pm, Beijing/Hong Kong Time on August 15 ...

JD.com, Inc. (JD) closed the latest trading day at $26.56, indicating a +0.87% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%.The the stock of company has risen by 0.27% in the past month, leading the Retail-Wholesale sector's loss of 2.12% and the S&P 500's loss of 1.16%.The upcoming earnings release of JD.com, Inc. will be ...