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JD.com Announces Second Quarter 2016 Results

BEIJING, Aug. 10, 2016 (GLOBE NEWSWIRE) -- JD.com, Inc. (JD), the largest Chinese e-commerce company by revenue, today announced its unaudited financial results for the quarter ended June 30, 2016.

Second Quarter 2016 Highlights

  • Net revenues for the second quarter of 2016 were RMB65.2 billion (US$19.8 billion), an increase of 42.0% from the second quarter of 2015. Revenues from services and others, mainly from the company’s e-commerce platform business, for the second quarter of 2016 were RMB5.5 billion (US$0.8 billion), an increase of 67% from the second quarter of 2015.

  • Gross profit for the second quarter of 2016 was RMB9.8 billion (US$1.5 billion). Non-GAAP gross profit2 for the second quarter of 2016 was RMB9.5 billion (US$1.4 billion), an increase of 66% from RMB5.8 billion in the second quarter of 2015.

  • Loss from operations for the second quarter of 2016 was RMB358.2 million (US$53.9 million) compared to RMB723.1 million for the same period last year. Non-GAAP income from operations3 for the second quarter of 2016 was RMB361.5 million (US$54.4 million) as compared to non-GAAP loss from operations of RMB246.7 million in the second quarter of 2015. Non-GAAP operating margin of JD Mall4 for the second quarter of 2016 was approximately 1.1%, compared to approximately 0.4% for the second quarter of 2015.

  • Operating cash flow for the second quarter of 2016 was RMB2.2 billion (US$0.3 billion) compared to RMB1.5 billion for the same period last year. Free cash flow5, which excludes JD Finance net originations6 included in the operating cash flow, for the second quarter of 2016 was RMB8.1 billion (US$1.2 billion) compared to RMB4.7 billion for the same period last year. Free cash flow for the trailing twelve months ended June 30, 2016 totaled RMB11.0 billion (US$1.7 billion), compared to RMB6.6 billion for the trailing twelve months ended June 30, 2015.

  • GMV for the second quarter of 2016 increased by 47% to RMB160.4 billion (US$24.1 billion) from the core GMV (excluding Paipai.com) of RMB108.7 billion in the second quarter of 2015. GMV excluding virtual items7 for the second quarter of 2016 totaled RMB157.1 billion (US$23.6 billion), up 52% from the second quarter of 2015.

  • Annual active customer accounts increased by 65% to 188.1 million in the twelve months ended June 30, 2016 from 114.0 million in the twelve months ended June 30, 2015, excluding unique customers from Paipai.com.

  • Fulfilled orders excluding virtual items in the second quarter of 2016 were 373.4 million, an increase of 56% from 240.0 million orders fulfilled for the core business excluding virtual items in the same period in 2015. Fulfilled orders placed through mobile accounted for approximately 79.3% of total orders fulfilled in the second quarter of 2016, an increase of more than 130% compared to the same period in 2015.

“We are pleased to record another strong quarter of healthy growth, with improving operating performance driving customer satisfaction,”...


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