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
[…]
Featured photo : © Wikipedia
