Profit growth exceeds 20 times, with profits for 5 consecutive quarters. JD Logistics enters a phase of sustained profit growth!

According to the financial news app Zhitong Finance, on August 15th, JD Logistics (02618) released its mid-term performance report for 2024. In the first half of the year, JD Logistics continued to achieve high-quality growth, with total revenue reaching 86.3 billion RMB, a year-on-year increase of 11%. Revenue from external customers was 59.9 billion RMB, a year-on-year increase of 11.2%, accounting for approximately 70% of total revenue. It is worth mentioning that JD Logistics has continuously improved operational efficiency and quality, with adjusted net profit for the first half of 2024 reaching 3.12 billion RMB, a year-on-year increase of 2631.2%, surpassing market expectations by a large margin. As of the first half of this year, JD Logistics has been profitable for five consecutive quarters, with steadily increasing profitability. This also indicates that JD Logistics is continuously advancing in various aspects such as network, products, and technology, further unleashing economies of scale and moving towards a stage of stable development.

Over the years, JD Logistics has been promoting the widespread application of integrated supply chain solutions and high-quality logistics services, helping customers from various industries improve operational efficiency, reduce operating costs, and enhance customer experience. In the first half of 2024, JD Logistics deepened cooperation with leading customers in industries such as home appliances, clothing, and beverages. At the same time, standardized service products were developed for mid-tier customers, promoting steady growth in external integrated supply chain revenue.

In the first half of the year, revenue from integrated supply chain customers of JD Logistics reached 41.8 billion RMB, with revenue from external integrated supply chain customers reaching 15.4 billion RMB, maintaining a steady growth trend. By continuously enhancing product and service competitiveness, stimulating frontline sales vitality, and other development strategies, the number of external integrated supply chain customers of JD Logistics has further increased, and cooperation breadth and service depth with customers have continued to expand. As of the first half of 2024, the number of external integrated supply chain customers reached 64,000, with an average revenue per customer of 239,000 RMB.

While continuously expanding integrated supply chain logistics, JD Logistics has been building industry-leading express delivery services and strengthening basic network capabilities in collaboration with Deppon. The continuously improving standardized products such as express delivery and freight always represent the highest industry standards of high quality, reliability, and convenience. In the first half of 2024, revenue from other customers of JD Logistics reached 44.5 billion RMB, a year-on-year increase of 14.5%.

Over the years, JD Logistics has actively promoted high-quality employment, focusing on frontline employees to ensure their compensation and benefits. As of the end of June this year, JD Logistics has over 430,000 frontline operational staff, a year-on-year increase of 4.6%. At the same time, JD Logistics has ensured the compensation and benefits of frontline employees through practical investments, with total expenditure on frontline employee compensation and benefits reaching 29.9 billion RMB by the end of June this year, a year-on-year increase of 14.9%.

In recent years, JD Logistics has been actively pursuing proactive innovation and change, adhering to the operational philosophy of "the least number of handling times and the shortest transportation distance." By optimizing network layout, iterating technological applications, and continuously improving operational efficiency and quality at all levels, significant results have been achieved. With the macroeconomic recovery continuing to show positive trends, JD Logistics has also demonstrated a good development momentum. In the future, JD Logistics will continue to uphold a long-term perspective, using digital technology to promote the high-quality development of enterprises at home and abroad and the industry as a whole