Jingdong Released Third Quarter Earnings: Net Profit Of $60 Million 400 Thousand

Jingdong mall yesterday released its third quarter financial report in fiscal year 2014.

Net revenue was 29 billion yuan (US $4 billion 700 million), an increase of 61% over the same period last year.

The net loss was 164 million 400 thousand yuan (US $26 million 800 thousand), compared with a net profit of 75 million yuan in the same period last year.

Based on non US GAAP, net profit was 370 million 800 thousand yuan (US $60 million 400 thousand), compared with net profit of 141 million 200 thousand yuan in the same period last year.

According to the data collected by YAHOO financial, 14 analysts are expected to not calculate in accordance with us general accounting standards (Non-GAAP). The net loss of us Depositary Receipts (ADS) per share in the third quarter of the Jingdong is US $0.01. The results show that the net income of the company in the third quarter is 0.04 yuan, which is higher than analysts' expectations.

In addition, 13 analysts expected that Jingdong's total revenue in the third quarter was $4 billion 670 million.

Earnings showed that the company's total revenue in the third quarter was about $47, higher than analysts expected.

GMV (total paction volume) was 67 billion 300 million yuan (US $1 million 100 thousand), an increase of 111% over the same period last year.

Net revenue was 29 billion yuan (US $4 billion 700 million), an increase of 61% over the same period last year.

Net loss of 164 million 400 thousand yuan (about 26 million 800 thousand U.S. dollars), net profit margin of -0.6%.

Based on non GAAP, net profit is 370 million 800 thousand yuan (US $60 million 400 thousand) and net profit margin is 1.3%.

The number of active users was 46 million 100 thousand, an increase of 109% over the same period last year.

The number of orders completed has increased by 119%, compared with 81 million 500 thousand in the same period last year. The number of orders is 178 million 200 thousand.

Mobile device orders accounted for 29.6% of the total volume of orders, an increase of 534% over the same period.

Jingdong has continuously promoted the leading position of self logistics in the field of Chinese e-commerce.

As of September 30, 2014, Jingdong has built 118 large warehouses in China, covering a total area of about 2 million 300 thousand square meters, and has 2045 distribution stations and 1045 self lifting points and self lifting counters.

As of September 30, 2014, our

The network covers 1855 counties and districts. Our 211 day and second day arrival services cover 130 counties and 815 districts, and up to June 30th this year, there were 111 and 622 respectively.

As of September 30, 2014, Jingdong's third party platform has a total of about 50000 merchants, with a total of 62051 full-time employees.

GMV and net revenue

GMV was 67 billion 300 million yuan (US $11 billion), an increase of 111% over the same period last year.

GMV from online direct sale was 40 billion 500 million yuan, compared with 242 billion 600 million yuan in the same period last year.

GMV from the online market was 26 billion 800 million yuan, compared with 7 billion 700 million yuan in the same period last year.

GMV from electronics and household appliances was 36 billion 300 million yuan, compared with 20 billion 700 million yuan a year ago.

GMV from daily necessities and other commodities was 31 billion yuan, compared with 11 billion 200 million yuan in the same period last year.

The proportion of GMV from daily necessities and other commodities to total GMV is 46%, compared with 35.1% in the same period last year.

Net revenue was 29 billion yuan (US $4 billion 700 million), an increase of 61% over the same period last year.

The growth of GMV and net revenue is mainly due to the growth of active users.

In the third quarter, the number of active users was 46 million 100 thousand, compared with 22 million 100 thousand in the same period last year.

In the third quarter, the number of orders completed was 178 million 200 thousand, compared with 81 million 500 thousand in the same period last year.