JINGDONG Industrials Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	23,952	20,398	17,336	14,135
Revenue Growth (YoY)	17.42%	17.66%	22.65%	-
Cost of Revenue	19,784	17,084	14,537	11,594
Gross Profit	4,168	3,313	2,799	2,541
Selling, General & Admin	3,048	2,165	1,960	1,489
Research & Development	306.96	289.33	295.22	344.88
Other Operating Expenses	1.46	-	-	-
Operating Expenses	3,357	2,458	2,260	1,834
Operating Income	811.04	855.34	538.93	706.75
Interest Expense	-203.86	-0.22	-0.43	-0.37
Interest & Investment Income	-	293.28	287.4	158.56
Other Non Operating Income (Expenses)	458.11	-58.89	-56.91	-95.52
EBT Excluding Unusual Items	1,065	1,090	769	769.42
Gain (Loss) on Sale of Investments	-	-159.3	-78.36	-46.13
Other Unusual Items	1,400	-47.61	-530.28	-1,916
Pretax Income	2,465	882.6	160.36	-1,192
Income Tax Expense	151.57	121	155.56	191.73
Earnings From Continuing Operations	2,314	761.61	4.8	-1,384
Earnings From Discontinued Operations	-	-	-	49.97
Net Income	2,314	761.61	4.8	-1,334
Net Income to Common	2,314	761.61	4.8	-1,334
Net Income Growth	203.79%	15770.14%	-	-
Shares Outstanding (Basic)	2,066	2,037	1,968	1,686
Shares Outstanding (Diluted)	6,427	2,488	1,977	1,686
Shares Change (YoY)	158.29%	25.84%	17.30%	-
EPS (Basic)	1.12	0.37	0.00	-0.79
EPS (Diluted)	0.36	0.33	0.00	-0.79
EPS Growth	10.70%	13299.79%	-	-
Free Cash Flow	2,089	1,290	1,374	1,970
Free Cash Flow Per Share	0.33	0.52	0.69	1.17
Gross Margin	17.40%	16.24%	16.14%	17.98%
Operating Margin	3.39%	4.19%	3.11%	5.00%
Profit Margin	9.66%	3.73%	0.03%	-9.44%
Free Cash Flow Margin	8.72%	6.32%	7.93%	13.94%
EBITDA	822.19	866.48	551.05	733.85
EBITDA Margin	3.43%	4.25%	3.18%	5.19%
D&A For EBITDA	11.14	11.14	12.12	27.1
EBIT	811.04	855.34	538.93	706.75
EBIT Margin	3.39%	4.19%	3.11%	5.00%
Effective Tax Rate	6.15%	13.71%	97.01%	-
Advertising Expenses	-	110.24	105.2	106.13

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