JD.com has released its financial results for the fourth quarter of 2024, showcasing a robust performance. The company reported a revenue of 347 billion yuan, marking a 13.4% increase compared to the previous year. This revenue includes 174.2 billion yuan from electronics and home appliances, 106.8 billion yuan from daily necessities, and 66 billion yuan from services.
The adjusted net profit for the quarter reached 11.3 billion yuan, reflecting a significant 34.2% year-over-year growth. This strong financial performance underscores JD.com's successful strategies in expanding its market presence and optimizing its operations.
Additionally, JD.com announced a substantial share buyback plan. The company repurchased shares worth 3.6 billion USD in 2024 and plans to buy back up to 5 billion USD worth of shares, including American Depositary Shares, over the next 36 months. This move is likely aimed at enhancing shareholder value and demonstrating the company's confidence in its future growth prospects.
