In this file:

 

·         JD.com Tops Q3 Earnings Forecast, Falls Short On Revenues

·         Media Release: JD.com Announces 2020 Third Quarter Results

 

 

JD.com Tops Q3 Earnings Forecast, Falls Short On Revenues

JD.com shares edged higher Monday after the China-based e-commerce group and key rival to Alibaba posted stronger-than-expected third quarter earnings.

 

Martin Baccardax, TheStreet

Nov 16, 2020

 

JD.Com  (JD) - Get Report shares slipped lower Monday after the China-based e-commerce giant and key rival to Alibaba Group Holding Co.  (BABA) - Get Report posted stronger-than-expected third quarter earnings but narrowly missed Wall Street revenue forecasts.

 

JD.com said diluted non-GAAP earnings for the three months ending in September came in at 50 cents per share, well ahead of the consensus forecast of 41 cents per share. Group revenues rose 29.2% from last year to 174.2 billion yuan ($25.7 billion) and were just shy of the the Street consensus forecast of $25.75 billion.

 

Active customer accounts across its platform jumped 32.1% to 441.6 million over the 12 month period ending in September, JD.com said, while paid subscribers to its JD Plus membership program passed the 20 million mark. Gross merchandise volumes over its Double 11 sales event, the company said, rose 33% from last year amid a record haul for its larger rival Alibaba...

 

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https://www.thestreet.com/investing/jd-com-tops-q3-earnings-forecast-falls-short-on-revenues

 

 

JD.com Announces 2020 Third Quarter Results

 

Source: JD.com

via GlobeNewswire - November 16, 2020

 

BEIJING, Nov. 16, 2020 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618), China’s leading technology driven e-commerce company transforming to become the leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months ended September 30, 2020.

 

Third Quarter 2020 Highlights

 

    Net revenues for the third quarter of 2020 were RMB174.2 billion (US$125.7 billion), an increase of 29.2% from the third quarter of 2019. Net revenues from the sales of general merchandise products for the third quarter of 2020 were RMB58.1 billion (US$8.6 billion), an increase of 34.8% from the third quarter of 2019. Net service revenues for the third quarter of 2020 were RMB22.8 billion (US$3.4 billion), an increase of 42.7% from the third quarter of 2019.

    Income from operations for the third quarter of 2020 was RMB4.4 billion (US$0.6 billion), compared to RMB5.0 billion for the same period last year. Non-GAAP2 income from operations for the third quarter of 2020 was RMB5.3 billion (US$0.8 billion) with a non-GAAP operating margin of 3.0%, as compared to RMB3.0 billion for the third quarter of 2019 with a non-GAAP operating margin of 2.2%.

    Net income attributable to ordinary shareholders for the third quarter of 2020 was RMB7.6 billion (US$1.1 billion), compared to RMB0.6 billion for the same period last year. Non-GAAP net income attributable to ordinary shareholders for the third quarter of 2020 increased by 80.1% to RMB5.6 billion (US$0.8 billion) from RMB3.1 billion for the same period last year.

    Diluted net income per ADS for the third quarter of 2020 was RMB4.70 (US$0.69), compared to RMB0.41 for the third quarter of 2019. Non-GAAP diluted net income per ADS for the third quarter of 2020 was RMB3.42 (US$0.50), compared to RMB2.08 for the same period last year.

    Annual active customer accounts3 increased by 32.1% to 441.6 million in the twelve months ended September 30, 2020 from 334.4 million in the twelve months ended September 30, 2019.

 

“Today, as China emerges from the pandemic, we are glad to see that our business partners are recovering rapidly with the support of our online and offline supply chain infrastructure. And our consumer mindshare continues to expand with over 100 million new active users joining our platform compared to a year ago,” said Richard Liu, Chairman and Chief Executive Officer of JD.com. “In order to ensure superior customer experience and better serve our business partners, we continued to add new hires even against the backdrop of uncertainties arising from the COVID. We look forward to continuously leveraging JD’s leading supply chain-based technology and nationwide infrastructure for the benefit of the society.”

 

“We are pleased to set new records across many of our financial and operating metrics this quarter,” said Sandy Xu, Chief Financial Officer of JD.com. “We delivered robust topline growth across all of our product lines as well as record profitability driven by improved operating efficiency and the realization of scale benefits. With solid profitable growth as our basis, we will continue to invest in technology and infrastructure to enhance our user experience.”

 

Business Highlights ...

 

more, including tables 

https://www.globenewswire.com/news-release/2020/11/16/2127058/0/en/JD-com-Announces-2020-Third-Quarter-Results.html