JINGDONG Industrials Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	22,028	20,398	17,336	14,135
Revenue Growth (YoY)	55.84%	17.66%	22.65%	-
Cost of Revenue	18,270	17,084	14,537	11,594
Gross Profit	3,758	3,313	2,799	2,541
Selling, General & Admin	2,575	2,165	1,960	1,489
Research & Development	284.93	289.33	295.22	344.88
Operating Expenses	2,857	2,458	2,260	1,834
Operating Income	900.98	855.34	538.93	706.75
Interest Expense	-0.11	-0.22	-0.43	-0.37
Interest & Investment Income	262.44	293.28	287.4	158.56
Other Non Operating Income (Expenses)	-53.02	-58.89	-56.91	-95.52
EBT Excluding Unusual Items	1,110	1,090	769	769.42
Gain (Loss) on Sale of Investments	-50.66	-159.3	-78.36	-46.13
Other Unusual Items	-43.02	-47.61	-530.28	-1,916
Pretax Income	1,017	882.6	160.36	-1,192
Income Tax Expense	94.94	121	155.56	191.73
Earnings From Continuing Operations	921.68	761.61	4.8	-1,384
Earnings From Discontinued Operations	-	-	-	49.97
Net Income	921.68	761.61	4.8	-1,334
Net Income to Common	921.68	761.61	4.8	-1,334
Net Income Growth	-	15770.14%	-	-
Shares Outstanding (Basic)	2,037	2,037	1,968	1,686
Shares Outstanding (Diluted)	2,493	2,488	1,977	1,686
Shares Change (YoY)	47.89%	25.84%	17.30%	-
EPS (Basic)	0.45	0.37	0.00	-0.79
EPS (Diluted)	0.39	0.33	0.00	-0.79
EPS Growth	-	13299.79%	-	-
Free Cash Flow	1,523	1,290	1,374	1,970
Free Cash Flow Per Share	0.61	0.52	0.69	1.17
Gross Margin	17.06%	16.24%	16.14%	17.98%
Operating Margin	4.09%	4.19%	3.11%	5.00%
Profit Margin	4.18%	3.73%	0.03%	-9.44%
Free Cash Flow Margin	6.91%	6.32%	7.93%	13.94%
EBITDA	910.83	866.48	551.05	733.85
EBITDA Margin	4.13%	4.25%	3.18%	5.19%
D&A For EBITDA	9.85	11.14	12.12	27.1
EBIT	900.98	855.34	538.93	706.75
EBIT Margin	4.09%	4.19%	3.11%	5.00%
Effective Tax Rate	9.34%	13.71%	97.01%	-
Advertising Expenses	-	110.24	105.2	106.13

Source: S&P Global Market Intelligence. Standard template. Financial Sources.