Jingdong Q3 Financial Report: Net Income Was 174.2 Billion Yuan, Up 29.2% Year On Year

On November 16, the media learned that Jingdong group released its unaudited third quarter performance of fiscal year 2020 up to September 30, 2020. Net income in the third quarter was 174.2 billion yuan (about US $25.7 billion), up 29.2% year-on-year. The operating profit was 4.4 billion yuan, up from 5 billion yuan in the same period last year; the net profit of common shareholders was 7.6 billion yuan, which was 600 million yuan in the same period last year. As of September 30, 2020, the number of active users of JD in the past 12 months increased by 32.1% to 441.6 million compared with 334.4 million in the same period of last year.

The following are the specific business performance:

Net income in the third quarter of 2020 was 174.2 billion yuan (about US $25.7 billion), up 29.2% year-on-year.

In the third quarter of 2020, the net sales of goods and services increased by 27.4% and 42.7% respectively.

As of October, the number of Jingdong plus members has exceeded 20 million.

In the past three years, the number of active users in Jingdong has increased by more than 1.29 billion in the past three months, reaching a new high of 4160 million users in the past three years.

As of September 30, 2020, JD's cash and cash equivalents, restricted funds and short-term investments totaled 126.7 billion yuan (about US $18.7 billion). As of December 31, 2019, JD's cash and cash equivalents, restricted funds and short-term investment totaled RMB 64.5 billion.

As of September 30, 2020, JD logistics operates more than 800 warehouses. Including the cloud warehouse area of Jingdong Logistics Management, the total storage area of Jingdong Logistics is about 20 million square meters.

As of September 30, 2020, in addition to part-time staff and interns, Jingdong has about 284000 employees.