JD.com reported a net revenue increase of 31.4% to RMB224.3 billion or $34.4 billion year over year, according to the company’s press release. Revenue growth was driven by the company’s long-term operating philosophy and customer-centric value proposition.
The fourth quarter’s net service revenues were $4.9 billion, a 53.2% jump from the comparable quarter of 2019.
Net revenues for the FY20 were $114.3 billion, a 29.3% rise from FY19.
The fourth quarter income from operations was RMB594.9 million or $91.2 million, up from RMB529.5 million for the same period last year.
Income from operations for the FY20 was RMB12.3 billion or $1.9 billion, up from RMB9.0 billion for the FY19.
Net income attributable to ordinary shareholders in the fourth quarter was RMB24.3 billion or $3.7 billion, up from RMB3.6 billion for the same period last year.
Net income attributable to ordinary shareholders for the FY20 was RMB49.4 billion or $7.6 billion, up from RMB12.2 billion for the FY19.
Diluted net income per ADS in the fourth quarter was RMB15.18 or $2.33, up from RMB2.44 in the fourth quarter of 2019.
Diluted net income per AD for FY20 was RMB31.68 or $4.86, up from RMB8.21 in FY19.
Annual active customer accounts jumped 30.3% to 471.9 million in FY20 from 362.0 million in FY19.
JD.com stock is currently gaining. 9618: HKG is up 5.68%
