JD.COM Reports Record Q3 Financial Results for FY2023
December 10, 2023
🌥️Earnings Overview
On November 15 2023, JD.COM ($NASDAQ:JD) reported its financial results for the third quarter of FY2023 that ended on September 30 2023. The total revenue of the quarter was CNY 247.7 billion, demonstrating a 1.7% year-on-year growth. Furthermore, net income increased by 33.2% from the same period of the previous year, amounting to CNY 7.9 billion.
Price History
On Wednesday, JD.COM, one of China’s leading e-commerce companies, reported record financial results for the third quarter of FY2023. Its stock opened at $28.5 on Wednesday and closed at $28.6, representing a 7.0% rise from its last closing price of $26.7. The increase in stock price was largely attributable to JD.COM’s strong financial performance for the quarter. The company’s performance was also bolstered by its rapidly growing logistics network, including its own fleet of delivery vehicles and an extensive network of warehouses, which facilitated speedy deliveries for its customers.
In addition, its strategic partnerships with various brands and retailers helped to further strengthen its market position and customer base. With its strong fundamentals and ambitious plans for future growth, the company is well-positioned to further strengthen its foothold in China’s rapidly growing e-commerce market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jd.com. JD.COM_Reports_Record_Q3_Financial_Results_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 1.07M | 23.81k | 2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jd.com. JD.COM_Reports_Record_Q3_Financial_Results_for_FY2023″>More…
| Operations | Investing | Financing |
| 58.39k | -14.38k | -9.3k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jd.com. JD.COM_Reports_Record_Q3_Financial_Results_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 617.39k | 321.11k | 146.23 |
Key Ratios Snapshot
Some of the financial key ratios for Jd.com are shown below. JD.COM_Reports_Record_Q3_Financial_Results_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.8% | 31.6% | 3.2% |
| FCF Margin | ROE | ROA |
| 3.5% | 9.6% | 3.5% |
Analysis
GoodWhale has conducted an analysis of JD.COM‘s fundamentals and based on its Star Chart, it has an overall health score of 9/10. This is because JD.COM is capable to pay off debt and fund future operations. Upon further investigation, we have found that JD.COM is strong in asset and growth, and medium in dividend and profitability. Given its performance in terms of financials and growth, we at GoodWhale classify JD.COM as a ‘cheetah’ type of company. This means that it achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for high growth potentials may be interested in such company. More…
Summary
Investors have taken a cautious yet optimistic approach to JD.com‘s financial results for the third quarter of FY2023, which saw the company’s total revenue reach CNY 247.7 billion, representing a 1.7% year-over-year increase. Net income also experienced an impressive 33.2% growth compared to the same period in the previous year, hitting CNY 7.9 billion. In response to these positive figures, JD.com’s stock price moved up on the same day, indicating that investors remain confident in the company’s ability to continue growing despite the current economic climate.
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