JD Group-SW released its first-quarter results, with a net profit attributable to the parent company of 10.89 billion yuan, a year-on-year increase of 52.73%

According to the Zhitong Finance APP, JD Group-SW (09618) released its performance for the first quarter of 2025, achieving revenue of RMB 301.1 billion (same unit below), a year-on-year increase of 15.8%; the net profit attributable to ordinary shareholders of the company was RMB 10.89 billion, a year-on-year increase of 52.73%; basic earnings per share were RMB 3.76. "We have had a good start to 2025 in the first quarter, with strong performance in both revenue and profit," said Ms. Xu Ran, CEO of JD Group. "The boost in consumer sentiment, combined with the continuous optimization of JD's supply chain capabilities and user experience, has driven our performance. In the first quarter, user growth was particularly strong, reflecting consumers' increasing trust and mindset towards JD, further consolidating our business ecosystem. In addition, we have achieved encouraging early results in exploring new business opportunities, and we believe these new opportunities will further support our long-term, high-quality growth." "In the first quarter, JD's revenue from goods and services achieved double-digit year-on-year growth, with the growth rate accelerating further compared to the previous quarter, while profits continued to rise steadily," said Mr. Shan Su, CFO of JD Group. "Especially for our core business, JD Retail, we have maintained and further strengthened its growth momentum. On this basis, we are also exploring exciting new opportunities for JD's long-term development. Furthermore, we remain committed to shareholder returns, completing the annual dividend distribution in April and further executing the stock repurchase plan in the first quarter. In February 2025, JD officially launched its food delivery business. JD is expanding from core retail to instant retail and food delivery to meet users' needs in different scenarios. JD's food delivery is deeply embedded in the JD ecosystem and is not an independent, fragmented business. The food delivery market has huge opportunities and demands, including users' demand for quality delivery, merchants' demand for reasonable commissions, and riders' demand for better protections. JD has the capability, culture, and advantages needed to seize these opportunities and meet market demands, including its brand mindset of "good and cheap," the "three mao five" theory of only earning reasonable profits, and logistics operation and management capabilities. JD's food delivery will create synergies with existing businesses, enrich location-based product offerings, upgrade JD's last-mile delivery network, and promote user growth and interaction. JD's food delivery has made significant progress in a very short time. This fully reflects the great potential of the food delivery industry and JD's precise grasp of market demand and strong execution capabilities