In 2021, JD’s revenue was 951.6 billion yuan, with a year-on-year increase of 27.6% From Jingdong financial report
The following is the In 2021, JD’s revenue was 951.6 billion yuan, with a year-on-year increase of 27.6% From Jingdong financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.
Jingdong Group officially announced that Xu Lei, President of Jingdong group, will officially replace Liu qiangdong as CEO of Jingdong group. Thereafter, Liu qiangdong will continue to serve as chairman of the board of directors.
▲ announcement of JD group
The announcement also mentioned that Xu Lei will join the board of directors of JD group as an executive director. After Liu qiangdong serves as the chairman of the board of directors, he will be committed to the company’s long-term strategic design, major strategic decision-making and deployment, young leading talent training and Rural Revitalization.
Xu Lei, the successor of Liu qiangdong, has joined JD for more than 10 years. Jd.com announced that since he became the president of the group in September 2021, Xu Lei has been mainly responsible for the daily operation and coordinated development of various business segments.
▲ Xu Lei
In the past two years, the core leadership of large Internet companies has changed frequently. After Huang Zheng stepped down as CEO of pinduoduo the year before last and Zhang Yiming stepped down as CEO of byte last year, another Internet veteran Liu qiangdong stepped down as CEO of JD group and officially handed over the baton.
At the end of last year, Taobao, one of JD’s biggest rivals, also completed a new round of major management adjustments: Jiang Fan will be in charge of the two overseas businesses of global express and international trade (icbu), and Dai Shan, President of Alibaba group, will be in charge of Taobao (including Taobao, tmall and Alibaba mother), B2C retail business group, taocai, taote and 1688.
It is worth mentioning that JD is also one of the players in the head echelon of zhonggai shares that have attracted much attention recently.
As of the closing of US stocks this morning, JD’s share price was US $58.97, down about 3.04%.
▲ the latest share price change of jd.com, source: Google Finance
one
Liu qiangdong: I continue to do the most difficult but valuable things
Xu Lei, who took over this time, can be said to be a veteran in JD.
Xu Lei has successively served as head of wireless business department, head of marketing department of JD mall, CMO of JD group, CEO of JD retail, etc. Xu Lei is also a director of dada group and all things new life group.
During Xu Lei’s tenure as CEO of JD retail, he launched the supply chain middle platform construction and omni channel construction strategy. In addition, the announcement mentioned that the JD marketing and public relations system and platform operation system built under Xu Lei’s leadership have promoted JD’s transformation to mobile strategy.
In the fourth quarter of 2018, jd.com was experiencing its own “darkest moment” – revenue growth declined for six consecutive quarters, and cash flow also declined. Xu Lei, then the rotating CEO of jd.com retail, came forward to lead the adjustment of the organizational structure of jd.com retail and completed the division of the organizational structure of the front desk, middle desk and back office of jd.com mall.
Subsequently, during Xu Lei’s tenure, JD retail strengthened its advantages in the field of daily consumer goods through offline JD supermarket. At the same time, it is also a transformation from “online supermarket” to “retail infrastructure service provider”.
From the financial report data, JD’s revenue in 2019, 2020 and 2021 exceeded the expected growth rate of market research institutions. At the same time, JD’s annual active users also exceeded 500 million.
▲ Jingdong group’s revenue and growth in recent 10 years, unit: 100 million yuan, source: wind
Some industry insiders believe that Jingdong’s rapid growth is inseparable from Xu Lei’s operation to get rid of the “darkest hour”.
Xu Lei is from Beijing. He grew up in the military compound and likes rock and roll and wearing jeans. An internal employee of jd.com told Zhidong that at some internal mobilization meetings, Xu Lei felt that he was “really not like a leader” in clothes and spoke casually, but he often saw blood in pointing out problems.
Xu Lei once worked in Lenovo and Haoye, where he mainly served as the person in charge of brand promotion, advertising and other businesses, and accumulated a lot of experience in marketing. Xu Lei met Liu qiangdong for the first time in 2006. The second year, Xu Lei officially served as Jingdong’s marketing consultant.
Jingdong’s announcement mentioned the statements made by Liu qiangdong and Xu Lei respectively. Liu qiangdong said that Xu Lei was highly recognized both inside and outside the group. The team he led continued to achieve excellent performance and played an important role in strategic decision-making.
He also added that he would devote more time to JD’s long-term strategy and future development drivers, and continue to lead the company to do the hardest but most valuable things.
For this promotion, Xu Lei said that in the past 19 years, Liu qiangdong founded and always adhered to JD’s strategic positioning of technology and service enterprises based on supply chain and the enterprise values of “right path success”. He believes that this is JD’s most valuable wealth and he will continue to uphold these ideas.
two
Under the background of the first net loss and weak consumption after the epidemic, the profit pressure increased sharply
According to the latest financial report data released by JD group, in 2021, JD’s revenue was 951.6 billion yuan, a year-on-year increase of 27.6%. In 2021, JD’s net loss was 3.6 billion yuan, while its annual net profit in the same period in 2020 was 49.4 billion yuan.
▲ net profit of JD group in recent 10 years, unit: 100 million yuan, source: wind
It can be seen that the pressure on JD’s net profit increased sharply in 2021.
It is worth noting that in the past 10 years, JD group has made profits only in 2019 and 2020, but the total net profit in these two years far exceeds the total net loss in the other eight years.
According to the financial report data of JD retail in the fourth quarter, the operating profit margin of JD retail was 2.1%, an increase of 0.2 percentage points year-on-year; The operating profit margin of JD logistics was 2.4%, which was a net loss in the same period last year; The loss of operating profit margin of JD’s new businesses expanded to – 39.3%.
JD’s management said that the competition of JD’s new business tends to be rational, and it will invest in new business prudently this year. It is expected that the profitability of new business will be improved in 2022, which will promote the growth of the company’s overall profit margin.
According to the data of China’s National Bureau of statistics, the total amount of physical e-commerce transactions in China in 2021 was 10.8 trillion yuan, a year-on-year increase of 12%. Guotai Junan Securities pointed out that under the condition of high uncertainty of domestic consumption, they expect China’s total e-commerce transactions to increase by a “high single digit” percentage in 2022.
The Ministry of Commerce issued a press release in March this year, saying that Chinese consumption will face downward pressure in 2022. It is expected that the Chinese government will implement measures to stimulate consumption this year. At the same time, the epidemic situation in some parts of China is repeated. Under the “dynamic clearing” policy, economic growth will be under pressure and domestic consumption will continue to be weak.
three
The founders of the Internet giant collectively abdicated, and talented people came out from generation to generation
In 2020, the year before Zhang Yiming left byte beat, the annual revenue of byte was about 240 billion yuan and the net profit was about 45 billion yuan. According to the forecast data of some institutions, the annual revenue of 2021 may be close to 400 billion yuan.
In the two years after Huang Zheng left pinduoduo, pinduoduo maintained a rapid growth in revenue in 2020 and 2021. The annual revenue in 2021 was 93.9 billion yuan, a year-on-year increase of 57%. Pinduoduo also achieved its first profit after its establishment in 2021, with a net profit attributable to the parent company of 7.7 billion yuan in 2021.
▲ net profit of pinduoduo over the years, unit: 100 million yuan, source: wind
In 2019, Zhang Yong officially took over Ma Yun. In fiscal year 2020, Alibaba’s net profit was close to 150 billion yuan, with a year-on-year increase of more than 70%.
▲ Alibaba’s revenue and net profit in recent 10 years, unit: 100 million yuan, source: wind
The changes in the management of large Internet companies, only from the perspective of financial indicators, bring more positive benefits.
Recently, the “layoff storm” of large Internet companies has become one of the hot topics in the industry. It can be said that under the pressure of the economic environment, “every family has its own difficult classics” has become the norm.
At the end of March, Jingdong employees disclosed to the media that Jingdong was performing a “thousand people’s Congress layoff”, and a large number of laid-off employees were waiting for resignation in the employee service center of Building 1 of Jingdong headquarters building. The number shown on the number taking queue had exceeded 1000.
▲ online transmission: service hall for JD to handle resignation on March 31
We can see that this wave of personnel adjustment also mostly involves the management. In the past two years, the changes of the senior management of these large Internet factories are mostly caused by the adjustment of business, the adjustment of the company’s development focus and the company’s overall strategic planning.
However, some insiders joked that in recent years, the CEOs of these internet giants have basically no voice after “retiring”. Unlike Duan Yongping, although people are no longer in the Jianghu, there are always his legends in the Jianghu. Maybe that is the real success and retirement.
In addition to China, Jeff Bezos, CEO of Amazon, an overseas Internet retail giant, also stepped down last year and handed over the stick to Andrew R. Jassy, CEO of the company in charge of cloud computing business. Global Internet technology giants may face more or less similar challenges and pressures.
four
Conclusion: how can the veteran take over the baton make a difference to JD?
Xu Lei’s position has been continuously improved in recent years, and his role within JD group has become more and more important. He will eventually succeed Liu qiangdong, which has long been expected in the industry. According to the announcement, Liu qiangdong will continue to serve as the “behind the scenes military adviser” of JD.
Can JD’s new business get out of the loss dilemma as soon as possible under the leadership of Xu Lei, and can there be new breakthroughs in the two fist businesses of retail and logistics? Will Liu qiangdong find a new growth point of JD after retirement? Everything is still full of uncertainty.
More reading: JD financial report: in 2018, the net profit of jd.com in Q3 was 1.2 billion yuan, down 45.45% year-on-year. JD financial report: in 2015, jd.com Gmv was about 14.2 billion US dollars, up 99% year-on-year. JD financial report: in 2017, the net revenue of jd.com in Q4 was 110.2 billion yuan, up 38.7% year-on-year. JD financial report: in 2020, the revenue of jd.com in Q1 was 146.2 billion yuan, up 20.7% year-on-year. JD financial report: in 2014, jd.com lost 3.795 billion yuan, with a net loss rate of 16.7%. JD financial report: in 2017, jd.com net profit of Q1 was 1.4 billion yuan JD financial report: JD group’s net profit of 1.5 billion yuan in Q1 2018: JD net profit of 3.3 billion yuan in Q1 2019, with a year-on-year increase of 215%. JD financial report diagram: JD Q3 net income in 2019 was 134.8 billion yuan, with a year-on-year increase of 28.7%. JD financial report: revenue of 203.2 billion yuan in the first quarter of 2021, with a year-on-year increase of 39%. JD financial report: JD’s net loss of 5104 million yuan in Q2 2016, with a year-on-year decrease of 74%. JD financial report: Q3 JD net profit of 269 million yuan in 2016, with a year-on-year increase More than 10 times JD’s financial report: in 2016, JD’s net income reached 260.2 billion yuan, with a year-on-year increase of 44%. JD’s financial report: in 2017, JD’s profit in Q3 was 200 million US dollars, reversing its loss year-on-year. JD’s financial report: in 2019, JD’s net profit in Q2 was 3.6 billion yuan, a record high
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
