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JD.com, the Chinese ecommerce company and technology provider, has unveiled strong 2022 financial results. JD.com announced both an April dividend payment for its shareholders and landmark social initiatives.

 

A strong final quarter concluding a strong 2022 fiscal year is what the latest figures from JD.com show. For all of last year, the Chinese online retailer reported net revenues of $151.7 billion, an increase of 9.9 percent over the full 2021 year. However, net revenue from products grew more modestly (+6.1%), than services (+33.3%).

 

Operating revenue in 2022 was $2.9 billion, and non-GAAP operating revenue was $4 billion, compared to $1.9 billion in 2021. Non-GAAP EBITDA increased 79.6 percent to $4.9 billion.

 

Net income attributable to common shareholders was $1.5 billion. The company’s loss, primarily due to an impairment on cash at certain companies, was $300 million versus $700 million in 2021.

 

Cost of revenue increased 9.3 percent to $130.4 billion. Implementation costs rose 6.7 percent to $9.1 billion and research and development costs were $2.4 billion.

 

“Although 2022 posed many challenges for JD.com and China as a whole, we achieved strong operational results and surpassed RMB 1 trillion ($145 billion) in annual revenue for the first time”, said Lei Xu, CEO of JD.com.

 

Strong final quarter

 

The fourth quarter also showed strong financial results. JD.com reported net revenue of $42.8 billion, up 7.1 percent from the same period in 2021. Net product revenue increased 1.2%, and net service revenue increased 40.3%.

 

Operations revenue was $700 million, and non-GAAP operating income was $1.1 billion. Non-GAAP EBITDA increased 113.8 percent to $1.3 billion.

 

Strong social commitment

 

In January 2023, JD.com was included in the Bloomberg Gender Equality Index (“GEI”) for the first time, becoming the only Chinese company in the industry to be included. This is an important recognition of JD.com’s progress in diversity and inclusion. The GEI provides gender data points, which aim to highlight companies that promote gender transparency and gender equality in the workplace.

 

Similarly, in addition to helping with the daily supply of necessities through its couriers in the face of the resurgence of COVID , JD launched an initiative in January 2023 called “Spring Dawn” that provides increased support to merchants on the platform. The initiative includes 12 measures to reduce costs and increase merchant sales.

 

In the fourth quarter, JD Logistics’ hydrogen-powered trucks were put into service, contributing to “zero carbon” emissions for transportation along the supply chain. In addition, JD Logistics entered into agreements with a world-renowned car manufacturer to jointly deploy a fleet of new energy vans to achieve “100% electrified” transportation within production bases.

 

Dividend payment

 

JD.Com’s board of directors approved a cash dividend of $0.31 per ordinary share, or $0.62 per ADS, on April 6, 2023. The total dividend amount will be approximately $1 billion. The payment date is scheduled for April 27, 2023 for holders of ordinary shares, and May 4, 2023 for holders of ADSs.

 

“We achieved profitable growth and strong cash flow for the quarter and full year”, said Sandy Xu, CFO of JD.com. “Reflecting our healthy profitability and balance sheet, as well as our commitment to shareholder value, we are also pleased to continue returning value to shareholders in the form of a cash dividend.”

 

In addition, JD plans to adopt an annual dividend policy. Beginning in 2023, the company may elect to distribute a cash dividend each year at an amount determined by its financial performance during the previous year. The decision to distribute dividends in any given year will be made at the discretion of the board of directors.

 

Read also >Safilo : the eyewear group sees clearly after good 2022 results

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JD.com, the Chinese ecommerce company and technology provider, has unveiled strong 2022 financial results. JD.com announced both an April dividend payment for its shareholders and landmark social initiatives.

 

A strong final quarter concluding a strong 2022 fiscal year is what the latest figures from JD.com show. For all of last year, the Chinese online retailer reported net revenues of $151.7 billion, an increase of 9.9 percent over the full 2021 year. However, net revenue from products grew more modestly (+6.1%), than services (+33.3%).

 

Operating revenue in 2022 was $2.9 billion, and non-GAAP operating revenue was $4 billion, compared to $1.9 billion in 2021. Non-GAAP EBITDA increased 79.6 percent to $4.9 billion.

 

Net income attributable to common shareholders was $1.5 billion. The company’s loss, primarily due to an impairment on cash at certain companies, was $300 million versus $700 million in 2021.

 

Cost of revenue increased 9.3 percent to $130.4 billion. Implementation costs rose 6.7 percent to $9.1 billion and research and development costs were $2.4 billion.

 

“Although 2022 posed many challenges for JD.com and China as a whole, we achieved strong operational results and surpassed RMB 1 trillion ($145 billion) in annual revenue for the first time”, said Lei Xu, CEO of JD.com.

 

Strong final quarter

 

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JD.com, the Chinese ecommerce company and technology provider, has unveiled strong 2022 financial results. JD.com announced both an April dividend payment for its shareholders and landmark social initiatives.

 

A strong final quarter concluding a strong 2022 fiscal year is what the latest figures from JD.com show. For all of last year, the Chinese online retailer reported net revenues of $151.7 billion, an increase of 9.9 percent over the full 2021 year. However, net revenue from products grew more modestly (+6.1%), than services (+33.3%).

 

Operating revenue in 2022 was $2.9 billion, and non-GAAP operating revenue was $4 billion, compared to $1.9 billion in 2021. Non-GAAP EBITDA increased 79.6 percent to $4.9 billion.

 

Net income attributable to common shareholders was $1.5 billion. The company’s loss, primarily due to an impairment on cash at certain companies, was $300 million versus $700 million in 2021.

 

Cost of revenue increased 9.3 percent to $130.4 billion. Implementation costs rose 6.7 percent to $9.1 billion and research and development costs were $2.4 billion.

 

“Although 2022 posed many challenges for JD.com and China as a whole, we achieved strong operational results and surpassed RMB 1 trillion ($145 billion) in annual revenue for the first time”, said Lei Xu, CEO of JD.com.

 

Strong final quarter

 

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Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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