New Stock News | JINGDONG Industrials, Inc. submits application to Hong Kong Stock Exchange, the company is the largest service provider in China's industrial supply chain technology and service market

According to the Hong Kong Stock Exchange's disclosure on March 30, JINGDONG Industrials, Inc. (hereinafter referred to as: JINGDONG Industrials) has submitted a listing application to the Hong Kong Stock Exchange, with Bank of America Securities, Goldman Sachs, and Haitong International as joint sponsors.

JINGDONG Industrials is a leading industrial supply chain technology and service provider in China. The company offers a wide range of industrial product supply and intelligent supply chain services through its full-link digital industrial supply chain solution named "Tai Pu," to meet the diverse needs of customers. "Tai Pu" is built on the company's end-to-end supply chain digital infrastructure, covering goods, procurement, fulfillment, and operations.

According to the prospectus, after years of development, JINGDONG Industrials has become the largest participant in China's MRO procurement service market. According to data from ZhiShi Consulting, based on the transaction volume in 2024, the company ranks first, with a scale nearly three times that of the second place. The same data shows that as the company expands into a broader industrial supply chain market, it is also the largest service provider in China's industrial supply chain technology and service market, with a market share of 4.1% based on the transaction volume in 2024. The continuous growth of the company's scale fully demonstrates the efficiency of its business model. From 2022 to 2024, the company's transaction volume increased from approximately RMB 22.3 billion to RMB 28.8 billion, with a compound annual growth rate of 13.5%.

According to data from ZhiShi Consulting, as of December 31, 2024, the company provides the widest range of industrial products in China based on the number of SKUs. As of December 31, 2024, the company has provided approximately 57.1 million SKUs, covering 77 product categories. In 2024, the company's product supply comes from a broad and nationwide industrial product supply network consisting of approximately 121,700 manufacturers, distributors, and agents.

In terms of finances, during the track record period, most of JINGDONG Industrials' revenue came from product sales, with the remainder from providing trading platforms, advertising, and technology and other services. In 2022, 2023, and 2024, the total revenue from JINGDONG Industrials' continuing operations was approximately RMB 14.1 billion, RMB 17.3 billion, and RMB 20.4 billion, respectively, with a compound annual growth rate of 20.1%. Notably, in 2022, 2023, and 2024, the company recorded a net loss of RMB 1.3 billion, a net profit of RMB 4.8 million, and a net profit of RMB 760 million, respectively.