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​JD.com's first quarter financial report points to a rosy outlook

Xinhua Financein www.cfbond.com
2018-05-10 14:18

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China's e-commerce giant JD.com yesterday released its first quarter financial report. The data shows an impressive operating income and net profits.

However, the earnings per American Depositary Shares (ADS) was 0.71 yuan, which was lower than the expected 0.82 yuan. The figure was 0.92 yuan during the same period of the previous year.

The stock price plummeted 4.6 percent on Monday.

The reduction in earnings per ADS was believed to be the primary reason for its share slump.

The first quarter operating income of the company amounted to 100.13 billion yuan, up 33 percent year-on-year and the net profits came in at 1.525 billion yuan (1.047 billion yuan under the US Non-GAAP rules), which are higher than analysts' expectations.

The Gross Merchandise Volume (GMV) and users' volume are among the most focal figures for e-commerce companies.

The GMV for JD.com in the first quarter was 330.2 billion yuan, an increase of 30.4 percent when compared with the previous year while the active users' volume reached 301.8 million, an increase of 27.6 percent year-on-year. Both figures have exceeded the industrial average.

Its investments in technological R&D surged by 49.4 percent to 6.7 billion yuan in 2017, with a growth rate of 74.5 percent year-on-year in the fourth quarter.

The company is slated to equip the whole business model, including logistics, finance, and retail with technologies in the next decade, according to Liu Qiangdong, the CEO and founder of JD.com.

JD.com estimates to have an operating income within the range of between 120 billion and 124 billion yuan during the second quarter of this year, and a 29 percent to 33 percent growth increase in its operating income throughout the whole year.
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