JD.com (JD; 9618.HK) has released its financial results for the fourth quarter and full year ending December 31, 2024. The company reported a significant increase in both revenue and profit.
For the fourth quarter, JD.com achieved net revenues of 347 billion RMB, marking a 13.4% increase compared to the previous year. The net profit attributable to ordinary shareholders was 9.9 billion RMB, representing a substantial growth of 190.8%. On a non-GAAP basis, the net profit for ordinary shareholders was 11.3 billion RMB, up by 34.2% year-over-year.
Throughout the entire year of 2024, JD.com reported net revenues of 1.1588 trillion RMB, which is a 6.8% increase from 2023. The net profit attributable to ordinary shareholders for the year was 41.4 billion RMB, compared to 24.2 billion RMB in 2023. On a non-GAAP basis, the net profit was 47.8 billion RMB, up from 35.2 billion RMB the previous year.
