JD。 Net profit of COM in the first quarter turned from profit to loss. As for the reasons for the loss, JD.COM explained that it was mainly due to the continuous investment in infrastructure, technology research and development, employee salaries and benefits, which reduced the impact of the epidemic and benefited consumers. JD。 Net profit in the first quarter turned from profit to loss.

On the evening of May 17, JD.COM. Net profit of COM in the first quarter turned into a loss year-on-year. JD.COM group (96 18. Hong kong /JD. O) A quarterly report was released, and the revenue in this quarter increased by 18% year-on-year to 239.7 billion yuan, slightly higher than the market expectation. The net loss was 3 billion yuan, compared with a profit of 3.6 billion yuan in the same period last year. The revenue growth rate in this quarter is the lowest since the listing of JD.COM, which is lower than 20.75% in the first quarter of 2020.

As for the reasons for the loss, JD.COM explained that it was mainly due to the continuous investment in infrastructure, technology research and development, employee salaries and benefits, which reduced the impact of the epidemic and benefited consumers. At the same time, in February, JD.COM increased its shareholding in Dada Group by 52%, and Dada's income was consolidated in the first quarter. The change in Dada's share price resulted in a confirmed loss of 3.6 billion yuan.

At present, JD.COM. COM's business is divided into four sections: JD.COM Retail, Jingdong Logistics, Dada and New Business. The retail revenue of JD.COM, the core business, increased by about 65,438+07% year-on-year to 265,438+075.24 million yuan, slightly lower than the overall growth rate of the Group. Other sectors are still losing money, with the largest loss in new business, with an operating loss of 2.386 billion yuan, including JD.COM Development, Jingxi, overseas business and technological innovation.

Regarding the impact of the epidemic, Xu Lei, CEO of JD.COM, said at the earnings conference that the mutant strain of Omicron spread faster and was more difficult to detect. Under the condition that the epidemic prevention and control strategy remains unchanged, more cities and consumers will be affected. "The epidemic in the previous two years should be good for Internet e-commerce. At that time, the affected area was relatively small and the time was relatively short, and offline consumption was obviously transferred to online. But this epidemic is a double kill for online and offline enterprises. "

In the macro environment of low consumption, both supply and demand are affected. Xu Lei said that communication with many brands at the beginning of this year found that brands have reduced their budgets this year, focusing on ensuring profits. From the upstream point of view, they do not support rapid growth; In addition, from April to May, while the traffic and users in JD.COM increased, the unit price of customers decreased year-on-year.

The financial report shows that by the end of the first quarter, the number of active users in JD.COM was 580.5 million, an increase of about 654.38+0.08 billion compared with the end of 20021. In the first quarter, the average shopping frequency of users reached a record high, and the average contribution income value (ARPU) of users was close to the highest in three years.

In terms of logistics, Xu Lei said that this year's warehousing risk control in the core area made it more difficult to fulfill the overall logistics contract, which greatly affected the warehousing and storage of goods and lengthened the overall performance period. The order cancellation rate increased significantly in April, and the situation improved in May, but the order cancellation rate was still higher than last year.

Jingdong Logistics (26 18. HK) disclosed a quarterly report on the same day, and realized revenue of 27.4 billion yuan in the quarter, up by 22% year-on-year, of which the income of external customers reached/kloc-0.6 billion yuan, accounting for 58.4%, and the income of customers from the integrated supply chain reached/kloc-0.7 billion yuan; The adjusted net loss was 798 million yuan, compared with 65.438+36.6 million yuan in the same period last year, narrowing by 465.438+0.6% year-on-year.

Yu Rui, CEO of Jingdong Logistics, said at the financial report meeting that some customers' original supply chain management mode is "one place in the whole country". Once the warehouse is located in an epidemic or other unexpected situations, the whole network business will be blocked. Jingdong Logistics can realize emergency deployment among multiple warehouses by storing customers' goods in multiple warehouses operated by the company, and ensure the operation of the supply chain to the maximum extent when emergencies occur.

In the second quarter, JD.COM will welcome an important consumption node "6 18". In this regard, Xu Lei said: "Because of the epidemic and other reasons, the sales pressure of brands and businesses is very great, so we can see that the enthusiasm of brands and businesses to participate in the JD.COM 618 event this year will be higher than in previous years. We also hope that JD.COM can make good use of this sales node and improve its business performance in the second quarter as much as possible on the premise of improving the epidemic. "

The situation of Jingdong Logistics in the second quarter is still unclear. Yu Rui said that April was the worst month for the company affected by the epidemic. Due to the epidemic blockade, there are about 700 terminal distribution sites in Jingdong Logistics that cannot operate normally. In May, the company's operational capacity is gradually recovering. According to the recovery of e-commerce industry, offline retail and other related industries in June, the company's follow-up business can be predicted.

As of press time, JD.COM Group's Hong Kong stocks fell 2.5 1% to HK$ 209.4 per share; Jingdong Logistics dropped 6.9% to HK$ 65,438+04.84 per share.

JD。 Net profit in the first quarter turned from profit to loss. JD.COM Group (Nasdaq:JD) took the lead in submitting a quarterly report.

The financial report released by JD.COM17 in May shows that in the first quarter of this year, the total revenue of JD.COM was 239.7 billion yuan, up by 18% year-on-year, and the market expected it to be 236.7 billion yuan. The operating profit was 2.4 billion yuan, compared with1700 million yuan in the same period last year. The net loss attributable to ordinary shareholders was 3 billion yuan, compared with the net profit of 3.6 billion yuan in the same period last year.

As for the reasons for the loss, JD.COM explained that it was mainly due to the continuous investment in infrastructure, technology research and development, employee salaries and benefits, which reduced the impact of the epidemic and benefited consumers. At the same time, due to the completion of JD.COM. Uber subscribed for the common stock issued by Dada Group in February, and Dada's revenue was merged with JD.COM. COM's first quarter financial report.

As of May 17, US stocks closed, and JD.COM rose 4. 15% to close at 53.67 US dollars.

Xu Lei: The epidemic brought pressure to the retail business, and the number of order cancellations increased in April.

Look at JD from the breakdown data. The total revenue of COM is mainly divided into four parts: retail, logistics, data and new business. The financial report shows that under the influence of the epidemic, JD.COM. COM's core business retail is still relatively stable, with total revenue reaching 217.524 billion yuan, up 17.07% year-on-year, and operating profit reaching 789 1 100 million yuan, up 7.5% year-on-year.

In the conference call, JD.COM CEO Xu Lei was also asked about the specific impact of the epidemic. He admitted that the number of orders cancelled in April increased significantly and had improved by May. At the same time, big cities, including Beishangguangshen and Shenzhen, were affected by the epidemic, and inventory sales of communication electronics and clothing slowed down.

Xu Lei said that Omicron has a dual impact on online and offline consumption. He believes that the test of the epidemic has given JD. COM's supply chain capability and organization scheduling capability have the opportunity to be tested and iterated. "In the environment of increasing uncertainty under the influence of the epidemic, while strictly controlling the pace of investment and paying attention to efficiency, JD.COM is also better reducing costs and increasing efficiency and resisting the impact of external factors."

For the upcoming 6 18, Xu Lei said that under the impact of offline consumption, brands and businesses may participate in the online e-commerce shopping festival more actively, which will also improve the performance in the second quarter as much as possible.

It is worth noting that the overall number of active users in JD.COM has increased: the financial report shows that in the past 65,438+02 months, the number of active purchase users in JD.COM increased by 65,438+06.2% to 580.5 million compared with 499.8 million in the same period of 202,654.38+0. Especially in the first quarter of this year, the average shopping frequency of users reached a record high, and the average contribution income value (ARPU) of users was close to the highest in three years.

The financial report shows that JD.COM has other reasons. COM's loss in the first quarter was not only the epidemic mentioned above and the impact of R&D investment. Part of it is caused by investment losses: in the first quarter, JD.COM's investment losses were 65,438+0,654,380 billion yuan calculated by the equity method, compared with a profit of 700 million yuan in the same period last year. JD.COM said that it was mainly due to the loss of some invested units accounted for by the share-trading method.

There is also the impact of the Dada merger: other non-operating losses in the first quarter were 3.9 billion yuan, compared with a profit of 2 billion yuan in the same period last year. JD.COM said that the loss was mainly due to the confirmed loss of 3.6 billion yuan due to the change of Dada's share price and the change of fair value of investment securities due to the fluctuation of the market price of listed companies' equity investment.

The loss of community group buying decreased month-on-month, and "shut down and turn around" has been adopted.

Another reason for JD. The loss of COM comes from new business, mainly including Jingxi and Jingxi's group buying business.

The financial report shows that the loss of the new business segment has decreased from the previous month. In the first quarter, it recorded an operating loss of 2.39 billion yuan, compared with 2.28 billion yuan in the same period last year. Compared with the huge loss of 3.22 billion yuan in the previous quarter, the loss range has narrowed.

"In the first quarter, the operational efficiency of Jingxi was improved." Xu Lei said in a conference call that since the end of last year, the growth of users has been under constant pressure. In the first quarter, new business segments were adjusted, and projects that were unfavorable to short-term commercialization were shut down and transferred, and key businesses will continue to be focused in the future. Ran Xu, chief financial officer of JD.COM, also said that JD.COM has adopted new cost control measures since March.

Earlier, our reporter learned that Jingxi Business Department has optimized the staff reduction in some areas, accounting for about 10- 15%, mainly focusing on the business of Jingxi.

The loss of Jingdong Logistics decreased year-on-year, and the order completion rate in JD.COM was basically normal except for overseas.

Another "spending money like water" Jingdong Logistics has performed even more brilliantly this quarter.

The financial report shows that the total revenue of Jingdong Logistics in the first quarter was 27.4 billion yuan, a year-on-year increase of 22%, of which the revenue from external customers reached 654.38+06 billion yuan, accounting for 58.4%, and the revenue from integrated supply chain customers reached 654.38+079 billion yuan; The adjusted net loss was 798 million yuan, compared with 65.438+36.6 million yuan in the same period last year, narrowing by 465.438+0.6% year-on-year.

"Except for the Shanghai area, the current order fulfillment rate in JD.COM is basically normal." JD.COM said that in the future, it will continue to strengthen the supply chain, warehousing, distribution, performance and algorithm capabilities to meet the macro-environmental needs.

Regarding its role in Shanghai's anti-epidemic, Jingdong Logistics said that it has sent more than 80,000 tons of materials including rice noodles, grain and oil, medicines, maternal and child supplies, etc. by air, sea, railway and road. More than 4,000 front-line employees, including courier brothers and sorters, were mobilized nationwide to support operations and material distribution in Shanghai.

At the same time, Jingdong Logistics has also landed more than 1600 non-contact community supply stations, deployed more than 1 intelligent express vehicles and dozens of indoor distribution robots to carry out non-contact distribution of materials for closed communities, hospitals and other places.

By the beginning of May, Jingdong Logistics had resumed its nationwide logistics to merchants in Shanghai, Jilin and other places, and basically achieved full normal business. Shanghai merchants' orders in JD.COM have recovered to more than 60% before the epidemic closed. In addition, JD.COM also helps enterprises to reduce operating costs by reducing or exempting the "three fees" and other support measures. As of the beginning of May, it has reduced the cost of entering enterprises by more than 200 million yuan.

As of March 3rd this year, Jingdong Logistics has operated about 1400 warehouses, including Yuncang District managed by Jingdong Logistics, with a total warehouse area of over 25 million square meters. Compared with the fourth quarter of 2002/kloc-0, jingdong logistics added 100 warehouses in one quarter, and the total storage area increased 1 10,000 square meters.

JD。 On May 7, 2022, the net profit of com turned losses in the first quarter. JD.COM Group released the results of the first quarter of 2022, with the revenue of 239.655 billion yuan in June and March, up by 18% year-on-year, and the net profit attributable to the mother was-29,954.38+0 billion yuan, turning losses year-on-year.

In fact, although the revenue still keeps increasing, this is the third consecutive quarter of net profit loss of JD.COM Group, and it is also the fifth quarter in which the net profit is in a downward trend.

Prior to this, from the fourth quarter of 20 19 to the end of 2020, JD.COM Group basically maintained the trend of fluctuating growth in net profit, and its net profit was positive for nine consecutive quarters.

Until the third quarter of 20021,the loss situation has continued to this day.

Judging from the income statement, the proportion of costs and expenses in income is relatively stable, and the "other income" with obvious changes lost 3.898 billion yuan in June-March 2022. According to the annual report, it is because of the change of JD.COM's share price. The market price fluctuation of Dada and listed companies' equity investment before the completion of COM acquisition-2021was worth 590 million yuan for the whole year.

Wind data shows that the share price of American listed company Dada Group has dropped from $29 at the end of June 2002/KLOC-0 to $7.8/KLOC-0 at present, a drop of 74.99%. Since JD.COM slightly increased its investment in Dada in early 2022, its shareholding ratio has increased from 46.79% at the end of June 20021year to now.

If we compare the net profit and other income of JD.COM Group since 20 17, we will find that they have been on the same side of the axis since 20 19, especially in the first quarter of 2022, and the loss of other income became the main reason for the loss in that quarter.

Up to now, the income scale of nearly one trillion yuan, the income and cost of JD.COM Group have basically entered a relatively stable growth rhythm, and the "other income" subject measured by stock price and fair value has become the only uncontrollable subject that can also affect the overall profit of JD.COM.

The "care" for Dada group is also the embodiment of JD to some extent. COM pays more and more attention to its own logistics department.

According to the latest financial report data, the proportion of JD.COM Group's merchandise revenue has been declining in recent years, from 90% in 20 18 to 85.3% in the first quarter of 2022. The proportion of platform and advertising services revenue has been relatively stable at around 7%, but the proportion of logistics business revenue has been increasing from 2.68% to 7.33%.

In addition to the real-time delivery logistics business corresponding to Dada, Jingdong Logistics, a subsidiary of JD.COM Group, is a more important business segment.

Start with JD. COM self-operated business, jingdong logistics listed independently in may, 202 1. In the first quarter of 2022, revenue from outside JD.COM Group accounted for 58.4%, up 3.8 percentage points year-on-year. At present, we mainly develop integrated supply chain customers and provide a series of supply chain logistics services for enterprises including Volvo and Xiaomi Youpin.

Jingdong Logistics, which released its results at the same time as JD.COM Group, achieved a revenue of 2735 1 billion yuan in the first quarter of 2022, a year-on-year increase of 22%, and a net profit loss of 65.438+38.6 million yuan, but compared with the loss of 20261.01000 million yuan, it has been greatly reduced.

In 20021year, JD.COM's annual revenue was 104693 billion yuan and its net profit was-1584.2 billion yuan. It is the fifth loss-making listed company in Hong Kong, followed by Aauto Quicker, Meituan, Shang Tang and Air China.

Although the loss in the first quarter of 2022 narrowed sharply, the income growth also dropped significantly.

When to achieve profitability is still a problem faced by Jingdong Logistics. From the perspective of the whole JD.COM Group, the large losses in the first quarter of 2022 also brought great pressure to the annual performance.