On August 17, JD released its second quarter financial report, with revenue of 2011 billion yuan, market forecast of 190.741 billion yuan, a year-on-year increase of 33.8%; net profit of 16.4 billion yuan, up from 600 million yuan in the same period of last year. In the second quarter of 2020, JD achieved a net income of 2011 billion yuan (about US $28.5 billion), a year-on-year increase of 33.8%. This growth rate also set a new record in nearly 10 quarters of JD, and achieved a single quarter net income of more than 200 billion yuan for the first time.
according to the financial report, the operating profit of Jingdong in the second quarter was 5 billion yuan, which was 2.3 billion yuan in the same period last year. In addition, Jingdong gained 4.1 billion yuan from dada listing and 6.7 billion yuan from changes in the fair value of securities investment. Affected by this, JD’s net profit in the second quarter increased significantly compared with last year.
as of June 30, 2020, the number of active purchasing users of JD in the past 12 months has reached 4174.4 million, with an increase of 30 million in a single quarter. The growth rate of 29.9% over the same period of last year has also reached a new high in recent 11 quarters. In June 2020, the average daily number of active users of Jingdong mobile terminal increased by 40% compared with the same period last year.
as of June 30, 2020, the number of employees of listed companies and non listed companies of Jingdong group has exceeded 280000 (including 240000 employees except part-time employees and interns).
in the second quarter, under the continuous technology investment, the operation efficiency of Jingdong group was further improved. Inventory turnover days dropped to 34.8 days, a new low in the past five years, and continued to lead the whole industry to improve supply chain efficiency.
“since the outbreak of Xinguan epidemic, Jingdong has firmly exerted its unique advantages in supply chain and technology, providing our consumers with stable daily necessities supply and uninterrupted logistics services. In the face of the changing economic environment, JD has been constantly digging into its own ecosystem, creating employment opportunities to give back to the society, and working with business partners to tide over difficulties and grow together. ” Liu qiangdong, chairman and chief executive officer of Jingdong group, said, “I am very grateful to Jingdong employees and business partners. With the joint efforts of everyone, Jingdong group achieved steady performance in the second quarter and realized the accelerated growth of revenue. Rich product supply and high-quality service experience continue to attract a large number of new users for the platform. “