JD Logistics 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	217,147	182,838	166,625	137,402	104,693
Revenue Growth (YoY)	18.77%	9.73%	21.27%	31.24%	42.68%
Cost of Revenue	197,379	164,139	153,942	127,302	98,909
Gross Profit	19,768	18,698	12,683	10,100	5,784
Selling, General & Admin	10,257	9,022	8,352	7,219	5,946
Research & Development	4,136	3,571	3,571	3,123	2,813
Operating Expenses	14,539	12,632	12,165	10,610	8,902
Operating Income	5,229	6,066	518.45	-510.31	-3,118
Interest Expense	-887.12	-1,012	-1,027	-876.35	-685.22
Interest & Investment Income	1,097	1,462	1,404	616.85	233.63
Earnings From Equity Investments	4.17	9.2	15.85	-13.04	-36.77
Currency Exchange Gain (Loss)	-	-34.2	-1.08	-60.8	-21.92
Other Non Operating Income (Expenses)	1,858	965.3	791.88	624.46	540.56
EBT Excluding Unusual Items	7,301	7,456	1,702	-219.2	-3,088
Gain (Loss) on Sale of Investments	-	352.64	-72.61	-175.86	316.81
Gain (Loss) on Sale of Assets	31.5	83.16	9.55	-116.43	14.4
Asset Writedown	-	-	-16.48	-34.27	-
Other Unusual Items	-	-176.23	-3.42	-268.43	-12,844
Pretax Income	7,332	7,716	1,619	-814.18	-15,600
Income Tax Expense	442.25	628.13	451.72	276.11	60.37
Earnings From Continuing Operations	6,890	7,088	1,167	-1,090	-15,661
Minority Interest in Earnings	-243.36	-889.99	-551	-306.54	-181.23
Net Income	6,647	6,198	616.19	-1,397	-15,842
Net Income to Common	6,647	6,198	616.19	-1,397	-15,842
Net Income Growth	7.25%	905.78%	-	-	-
Shares Outstanding (Basic)	6,274	6,219	6,176	6,004	4,963
Shares Outstanding (Diluted)	6,404	6,342	6,275	6,004	4,963
Shares Change (YoY)	0.98%	1.07%	4.51%	20.96%	26.38%
EPS (Basic)	1.06	1.00	0.10	-0.23	-3.19
EPS (Diluted)	1.04	0.98	0.10	-0.23	-3.19
EPS Growth	6.48%	898.63%	-	-	-
Free Cash Flow	12,465	15,613	11,032	8,481	2,055
Free Cash Flow Per Share	1.95	2.46	1.76	1.41	0.41
Gross Margin	9.10%	10.23%	7.61%	7.35%	5.53%
Operating Margin	2.41%	3.32%	0.31%	-0.37%	-2.98%
Profit Margin	3.06%	3.39%	0.37%	-1.02%	-15.13%
Free Cash Flow Margin	5.74%	8.54%	6.62%	6.17%	1.96%
EBITDA	10,649	10,926	5,079	2,931	-864.15
EBITDA Margin	4.90%	5.98%	3.05%	2.13%	-0.83%
D&A For EBITDA	5,420	4,860	4,561	3,441	2,254
EBIT	5,229	6,066	518.45	-510.31	-3,118
EBIT Margin	2.41%	3.32%	0.31%	-0.37%	-2.98%
Effective Tax Rate	6.03%	8.14%	27.90%	-	-

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