JD Industrial debuts on HKEX: Empowered by performance and brand, long-term growth potential is promising
JD Industrial Lands on Hong Kong Stock Exchange: Dual Empowerment of Performance and Brand, Long-Term Growth Potential Promising
On December 11, JD Industrial (Stock Code:$JD INDUSTRIALS(7618.HK)), China's leading industrial supply chain technology and service provider, officially listed on the Hong Kong Stock Exchange. As a benchmark enterprise in the industrial supply chain sector, JD Industrial's listing is not only a milestone in its own development but also injects a high-quality target with both growth and profitability into the Hong Kong stock market.
Digital Intelligence Reconstructs Value, Financial Performance Highlights Growth Strength
As an industry leader, JD Industrial reconstructs the value of the industrial supply chain with digital intelligence capabilities. Through its "Taipu" solution—a full-chain digital intelligence industrial supply chain solution combining "digital intelligence" and "physical goods"—the company provides extensive industrial product supply and digital intelligence supply chain services, precisely meeting customers' diversified needs and achieving dual improvements in supply chain efficiency and cost control.
Financial data is the most direct evidence of JD Industrial's growth potential. In recent years, the company has demonstrated a "high growth, high profitability" dual advantage. Total revenue from continuing operations grew steadily from RMB 14.1 billion in 2022 to RMB 17.3 billion in 2023 and further climbed to RMB 20.4 billion in 2024, with a compound annual growth rate of 20.1%. Profitability also achieved rapid and steady growth. In 2022, the company's adjusted net profit was RMB 710 million, which surged to RMB 910 million in 2024, showcasing strong profit conversion capabilities.
In the first half of 2025, the company's performance continued to improve, with total revenue from continuing operations reaching RMB 10.3 billion and adjusted net profit hitting RMB 500 million, maintaining rapid growth year-on-year and demonstrating robust profitability and sustainable growth potential in a complex market environment.
Brand and Ecosystem Synergy, Building Industry Leadership
Strong brand influence and supply chain capabilities have laid a solid foundation for JD Industrial's development. Leveraging JD.com's deep expertise, the company has established strong brand recognition since its inception. Notably, JD.com ranked 44th on the 2025 Fortune Global 500 list. As China's leading online retailer, its stringent standards for product quality and authenticity have long been a benchmark in the e-commerce industry. With this premium brand endorsement, JD Industrial has successfully penetrated high-value customer groups across multiple vertical industries, not only building broad brand awareness but also deepening customer loyalty.
The synergistic effects of the JD ecosystem have further become one of the company's core competitive advantages. JD Industrial fully inherits and continuously leverages JD Group's core strengths in the supply chain, including a first-class technology R&D platform, deep industry product knowledge, a comprehensive nationwide logistics service network, and a professional talent pipeline. The synergy of these resources drives continuous breakthroughs in technological innovation and service upgrades.
With multiple advantages, JD Industrial has established a solid leadership position in the industry. To date, the company has become the largest player in China's MRO procurement service market. According to CIC data, based on 2024 transaction volume, JD Industrial ranks first, with a scale nearly three times that of the second-place player. Meanwhile, as its business expands into the full industrial supply chain, the company has also become a leader in China's industrial supply chain technology and service market with a 4.1% market share.
In summary, JD Industrial has built deep barriers in the high-growth industrial supply chain sector with its core digital intelligence capabilities, robust financial performance, and strong brand and ecosystem synergies. This listing on the Hong Kong Stock Exchange not only provides the company with a broader capital operation platform but also marks the beginning of a new journey to share development dividends with global investors. Looking ahead, as China accelerates its industrial digital transformation, JD Industrial's growth space is expected to continue expanding, making its long-term investment value highly promising.
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