Revenue Growth - Revenue increased by 14.7% to RMB 42.14 billion in Q1 2024 compared to RMB 36.73 billion in Q1 2023[2] - Integrated supply chain customer revenue rose by 11.1% to RMB 20.50 billion in Q1 2024 from RMB 18.45 billion in Q1 2023[5] - Other customer revenue increased by 18.4% to RMB 21.64 billion in Q1 2024 from RMB 18.28 billion in Q1 2023[6] - Revenue from JD Group accounted for 30.6% of total revenue at RMB 12.88 billion in Q1 2024, while revenue from other sources accounted for 69.4% at RMB 29.25 billion[7] Profitability and Margins - Gross profit surged by 97.5% to RMB 3.23 billion in Q1 2024 from RMB 1.64 billion in Q1 2023[2] - Non-IFRS EBITDA grew by 77.9% to RMB 3.65 billion in Q1 2024 compared to RMB 2.05 billion in Q1 2023[2] - Gross profit and gross margin improved to RMB 3.2 billion and 7.7% in Q1 2024, compared to RMB 1.6 billion and 4.5% in Q1 2023, due to business optimization and economies of scale[9] - Non-IFRS EBITDA for Q1 2024 was RMB 3.650 billion, with a non-IFRS EBITDA margin of 8.7%, compared to RMB 2.051 billion and 5.6% in Q1 2023[15] Customer Metrics - The number of external integrated supply chain customers grew to 55,760 in Q1 2024 from 54,465 in Q1 2023[5] - Average revenue per integrated supply chain customer increased to RMB 136,636 in Q1 2024 from RMB 132,894 in Q1 2023[5] Operational Costs and Expenses - Operating costs increased by 10.9% from RMB 35.1 billion in Q1 2023 to RMB 38.9 billion in Q1 2024, driven by business growth[8] - Employee compensation and benefits for operational staff rose by 16.8% from RMB 12.6 billion in Q1 2023 to RMB 14.8 billion in Q1 2024, due to an increase in the number of operational employees[8] - Outsourcing costs increased by 8.2% from RMB 13.4 billion in Q1 2023 to RMB 14.5 billion in Q1 2024, driven by higher demand for outsourcing services[8] - Sales and marketing expenses increased by 23.6% from RMB 1.1 billion in Q1 2023 to RMB 1.4 billion in Q1 2024, driven by an increase in sales and marketing personnel[10] - R&D expenses decreased by 4.6% from RMB 903.8 million in Q1 2023 to RMB 862.5 million in Q1 2024, due to efficiency improvements and cost control measures[11] Net Profit and Non-IFRS Metrics - The company recorded a net profit of RMB 322.3 million in Q1 2024, compared to a net loss of RMB 1.0368 billion in Q1 2023[13] - Non-IFRS profit for Q1 2024 was RMB 662.651 million, compared to a non-IFRS loss of RMB 711.544 million in Q1 2023[14] Cash Resources and Free Cash Flow - The company's total cash resources amounted to RMB 42.5 billion as of March 31, 2024, with a free cash outflow of RMB 300 million in Q1 2024, compared to RMB 800 million in Q1 2023[16] Board of Directors - The Board of Directors includes Executive Director Mr. Hu Wei, Non-Executive Director Mr. Liu Qiangdong, and Independent Non-Executive Directors Ms. Gu Yi, Ms. Yu Yaying, Mr. Wang Liming, Dr. Zhao Xiande, and Mr. Zhang Yang[17] Logistics and Infrastructure - JD Logistics' warehouse network covered nearly all counties in China, with over 1,600 self-operated warehouses and 2,000 cloud warehouses, totaling over 32 million square meters of managed area[3] Human Resources Expenditure - Total human resources expenditure reached RMB 84.3 billion over the past 12 months as of March 31, 2024[3]
京东物流(02618) - 2024 Q1 - 季度业绩