JD.com's Remarkable Q4 Performance

In an impressive showcase of growth, JD.com Inc., a leading Chinese e-commerce platform, announced a 13.4% increase in its Q4 net revenue for fiscal 2024, reaching 347.0 billion yuan (~$147.5 billion). This significant uptick underscores the company's robust performance amidst a recovering consumer market.

Financial Highlights

The company reported a diluted net income per American depositary share (ADS) of 6.47 yuan ($0.89), a substantial rise from the previous year's 2.13 yuan. Operational income saw a dramatic leap to 8.5 billion yuan ($1.2 billion), up from 2 billion yuan in the same period last year. For the entire fiscal year, net revenues climbed 6.8% to 1.2 trillion yuan ($158.8 billion), with diluted net income per ADS increasing from 15.23 yuan to 28.86 yuan ($3.68).

CEO's Insight

"We are thrilled with our strong quarterly performance, marking a successful end to 2024. Our growth has returned to double digits year-on-year, with significant expansion in our bottom line. Moreover, we've seen robust double-digit growth across most product categories and key metrics, including quarterly active users and shopping frequency, highlighting our increasing appeal among consumers," stated CEO Sandy Xu. Following the announcement, JD.com's Nasdaq-listed shares experienced a 6.56% increase, reaching $46.63 per share by 4:39 am ET.