Workflow
JD(JD) - 2023 Q4 - Annual Report
JDJD(JD)2024-04-18 11:00

Topic 1: Consolidated Variable Interest Entities and Revenue Contribution - JD.com's consolidated variable interest entities contributed 6.2%, 6.9%, and 7.8% of total revenues in 2021, 2022, and 2023, respectively[69] - The external revenues from consolidated variable interest entities increased from 6.2% in 2021 to 7.8% in 2023, reflecting growth in their contribution to JD.com's total revenues[69] - JD.com's corporate structure relies on contractual arrangements with consolidated variable interest entities, which accounted for 7.8% of total revenues in 2023[69] Topic 2: Restricted Net Assets and Dividend Restrictions - The restricted net assets of JD.com's PRC subsidiaries and consolidated variable interest entities totaled RMB46.4 billion, RMB58.2 billion, and RMB67.6 billion (US9.5billion)asofDecember31,2021,2022,and2023,respectively[77]−JD.com′sPRCsubsidiariesandconsolidatedvariableinterestentitiesaresubjecttorestrictionsondividendpaymentsandassettransfers,withrestrictedamountsgrowingannually[77]Topic3:LoanTransactionsandCashManagement−JD.comprovidedloansofRMB20.9billiontointermediateholdingcompaniesin2021andreceivedrepaymentsofRMB7.4billionandRMB12.6billion(US9.5 billion) as of December 31, 2021, 2022, and 2023, respectively[77] - JD.com's PRC subsidiaries and consolidated variable interest entities are subject to restrictions on dividend payments and asset transfers, with restricted amounts growing annually[77] Topic 3: Loan Transactions and Cash Management - JD.com provided loans of RMB20.9 billion to intermediate holding companies in 2021 and received repayments of RMB7.4 billion and RMB12.6 billion (US1.8 billion) in 2022 and 2023, respectively[79] - JD.com's cash management activities included significant loan transactions with intermediate holding companies, totaling RMB20.9 billion in 2021 and repayments of RMB7.4 billion and RMB12.6 billion in 2022 and 2023[79] Topic 4: Dividend Policy and Payments - JD.com's board approved a special cash dividend of US2.0billioninMay2022,acashdividendofUS2.0 billion in May 2022, a cash dividend of US1.0 billion in March 2023, and an annual cash dividend of US1.2billioninMarch2024[80]−JD.com′sdividendpolicyallowsforannualcashdividendsbasedonfinancialperformance,withdividendstotalingUS1.2 billion in March 2024[80] - JD.com's dividend policy allows for annual cash dividends based on financial performance, with dividends totaling US4.2 billion from 2022 to 2024[80] Topic 5: Subsidiaries and Corporate Structure - JD.com Investment Limited has 79 subsidiaries that hold, directly or indirectly, the companies invested by JD.com[68]