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Net income of 4q20 was RMB 224.3 billion, up 31.4% year on year From JD.COM

The following is the Net income of 4q20 was RMB 224.3 billion, up 31.4% year on year From JD.COM recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, logistics, Electronic Commerce, Online shopping.

In the evening news of March 11, 2021, Jingdong group (NASDAQ: JD; HKEx: 9618) today released the fourth quarter and full year performance of 2020, with the main core performance indicators exceeding market expectations.

In the fourth quarter of 2020, the net income of Jingdong group was RMB 224.3 billion, with a year-on-year growth of 31.4%, of which the net service income was RMB 32.1 billion, with a year-on-year growth of 53.2%, accounting for 14.3% of the net income; in 2020, the annual net income was RMB 745.8 billion, of which the net service income was RMB 93.9 billion. In the seven years from 2013 to 2020, Jingdong group’s net service income has a compound annual growth rate of 70%.

In the fourth quarter of 2020, Jingdong’s operating profit was 594.9 million yuan, compared with 529.5 million yuan in the same period last year. In the fourth quarter of 2020, the operating profit under non GAAP was 1.2135 billion yuan, compared with 704 million yuan in the same period last year. In 2020, the annual operating profit of Jingdong will be 12.3 billion yuan, compared with 9 billion yuan in the same period last year. In 2020, the operating profit under non GAAP will be 15.3 billion yuan, with an operating profit margin of 2.1%, compared with 1.5% in the same period last year.

In terms of net profit, Jingdong’s net profit attributable to ordinary shareholders increased to 24.3 billion yuan in the fourth quarter of 2020 and 49.4 billion yuan in 2020.

As of December 31, 2020, the number of active purchasing users of JD in the past 12 months has reached 471.9 million, with a net increase of nearly 110 million active users in the whole year, and more than 80% of the new active users come from the sinking market.

In 2020, Jingdong’s operating cash flow will increase by 42.5 billion yuan, and its free cash flow will increase to 34.9 billion yuan.

In 2020, affected by the global epidemic and other factors, the domestic employment situation is becoming more and more tight. The listed companies and non listed companies of Jingdong system still achieve a net increase of 100000 employees, and the number of employees has reached 360000 as of December 31, 2020.

Net increase of 30 million active users in a single quarter

In the fourth quarter of 2020, the annual number of active users of Jingdong group increased by more than 30 million in a single quarter, creating the highest growth since its listing. In the whole year, the number of active users increased by 110 million.

In the past year, through the continuous deepening and refinement of the performance appraisal mechanism of the user experience index (NPS), the annual user experience index of Jingdong retail has been continuously improved. At the same time, through Omni channel business, it has covered a variety of offline formats such as pharmacies, specialty stores, supermarkets, convenience stores, auto repair shops, flower shops, etc., and focused on the broader urban and rural consumer market. Data show that more than 80% of the new active users in Jingdong come from the sinking market.

In terms of logistics infrastructure, as of December 31, 2020, Jingdong Logistics has operated more than 900 warehouses, including the cloud warehouse area managed by Jingdong Logistics, with a total storage area of about 21 million square meters. It has owned and is applying for more than 2500 patents and copyrights related to automation and unmanned technology.

From June to December 2020, Jingdong supports the issuance and cancellation of consumption vouchers in Beijing, helping businesses to resume business and market. During the Spring Festival in February 2021, Jingdong once again participates in supporting Beijing’s “zero threshold” consumption voucher project. In addition, in 2020, Jingdong will also provide technical and operational support for consumption vouchers in Shanghai, Guangzhou, Shenzhen and other cities to boost the vitality of urban consumption.

Jingdong group and Jingdong technology are the first batch of enterprises to cooperate with the digital currency Research Institute of the people’s Bank of China to carry out the pilot work of digital RMB. At present, the pilot cities that have participated in include Beijing, Suzhou and Chengdu. JD has created a digital RMB payment scene for local citizens, covering online e-commerce platform, as well as offline formats such as JD home appliance stores and JD convenience stores. JD technology has provided “technology + service” support for financial institutions and businesses.

Nearly 60 billion yuan invested in technology research and development in four years

JD is also making continuous efforts in technology research and development. Since the full-scale technology transformation in early 2017, Jingdong system has invested nearly 60 billion yuan in technology research and development in the past four years.

According to the data, at present, the R & D system of JD has 18000 employees including 6 IEEE fellow and more than 500 doctors. From basic core technology to rich application scenario Innovation, it constantly uses technological innovation to promote the development of enterprises and industries. In November 2020, Jingdong established an exploration and Research Institute based on basic research and focusing on cutting-edge science and technology, which will take the digital intelligence social supply chain as the program, deeply cultivate the field of Pan artificial intelligence, and realize subversive innovation from the basic theoretical level.

In the diversified application scenarios of JD, the value of technology has been more fully highlighted. In the fourth quarter of 2020, the inventory turnover days of Jingdong group further reduced to 33.3 days, and the operation efficiency continued to maintain the leading level in the global industry.

The opening of technology and infrastructure with digital intelligence as the core of social supply chain also allows JD’s partners to grow together. In 2020, Jingdong retail’s intelligent manufacturing platform will cooperate with more than 1000 brands in deep reverse customization (c2m) to provide them with systematic solutions for new product development and listing. The number of c2m products hatched together is close to 10 times of that in 2019. In 2020, Jingdong Logistics has served more than 190000 enterprise customers, covering many industries such as fast-moving consumer goods, clothing, household appliances, furniture, 3C, automobile and fresh food.

Net increase of 100000 employees

According to the financial report, the listed companies and non listed companies in the Jingdong system have a net increase of 100000 employees in 2020, and the number of employees has reached 360000 as of December 31, 2020. 80% of the front-line employees are from rural areas.

In the first three quarters of 2020, JD logistics spent about 17.9 billion yuan on the salary and welfare of front-line employees, with an average monthly expenditure of more than 8300 yuan per employee. During the Spring Festival in 2021, Jingdong Logistics has invested another 200 million yuan in employee overtime allowance, stable post allowance, children’s reunion allowance, Spring Festival delivery red envelope, epidemic protection and other benefits.

In October 2020, Jingdong announced the goal of “driving the growth of rural output value by 1 trillion yuan in three years”, and started the circulation of agricultural products in the near future to build a demonstration area of agricultural industrialization; Jingxi launched the “industrial belt factory direct superior product plan – industrial agriculture action”, which will invest 1 billion yuan in the next three years.

By the end of 2020, Jingdong has put forward three major goals for the next decade: enabling the real economy, improving social efficiency, and promoting environmental friendliness. In terms of improving social efficiency, we should reduce the proportion of social logistics cost to less than 10%.

Jingdong: the net income of 3q20 is 174.2 billion yuan, up 29.2% year-on-year. Jingdong: financial report teleconference record of 3q20: 80% of new users come from low tier cities. The proportion of marketing expenditure is declining. Jingdong: 1q20: the income of 1q20 is 146.2 billion yuan, up 20.7% year-on-year. Jingdong: 1q20: the revenue of 1q20: up 21% year-on-year During the epidemic period, we got many new users Jingdong: 2q20 financial report teleconference record Jingxi user scale grew rapidly, business activity was higher than Jingdong Amazon: 2q20 net profit increased by 5.2 billion US dollars year on year 100% Alibaba: 3q20 financial report teleconference record Zhang Yong first talked about the unsustainable business model of Taobao vegetable subsidy Alibaba: 2q21 revenue 155.06 billion yuan 30% year on year increase Alibaba: 2q21 financial report teleconference record community group buying market is still in the white hot stage Alibaba: 3q20 revenue 221.084 billion yuan, 37% year on year increase Amazon: 4q20 net sales of 125.6 billion US dollars Bezos will resign as CEO pinduo: 2q20 revenue 12.193 billion yuan, 67% year on year increase JD: 2q20 net revenue of 2011 billion yuan The first strategy of this year is to ensure the safety of employees and customers

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