JD Logistics Financial Report: In 2023, JD Logistics' net profit reached 2.76 billion yuan, a new record high, an increase of 218.8% year-on-year

JD Logistics Co., Ltd. released its fourth quarter and annual performance report for 2023, with a full-year net profit of 2.76 billion yuan, a record high, an increase of 218.8% year-on-year. The financial report shows that JD Logistics' revenue in Q4 2023 was 47.2 billion yuan, compared with 43 billion yuan in the same period last year, and the market expected 46.2 billion yuan, a year-on-year increase of 9.7%; the net profit in Q4 2023 was 1.039 billion yuan, compared with 352 million yuan in the same period last year, and the market expected 160 million yuan.

In 2023, JD Logistics' total revenue was 166.6 billion yuan, a year-on-year increase of 21.3%, of which external customer revenue accounted for 70% for the consecutive year; in 2023, the adjusted net profit reached a new high of 2.76 billion yuan, a year-on-year increase of 218.8%.

In 2023, JD Logistics' revenue and net profit both hit record highs.

It is worth mentioning that JD Logistics stated in its financial report that employee salary and welfare expenses for operational employees involved in warehouse management, sorting, picking, packaging, transportation, distribution and customer service increased by 20.5% from RMB 12.8 billion in the three months ended December 31, 2022 to RMB 15.4 billion in the same period of 2023.

Zikuai Technology