Net Income Of Jingdong Increased 47.3% In The First Quarter Of 2016
In 2016, just after a prosperous quarter, according to the latest data, Jingdong group's net income increased by 47.3% in the first quarter.
In May 9th, JD.COM The first quarter report released in 2016 showed that Jingdong continued to grow, mainly for new businesses. In the future, Jingdong will strengthen cooperation with international brands and continue to explore potential value.
The first quarter report shows that Jingdong realized a total transaction volume (GMV) of 129 billion 300 million yuan, an increase of 55% over the same period last year, and net income of 54 billion yuan, an increase of 47.3% over the same period last year. Operating loss of 864 million 900 thousand yuan, compared with the same period last year, 822 million 600 thousand yuan loss has expanded. Jingdong mall realized losses, and its operating profit margin was 0.5% in the first quarter.
Financial Report The total volume of online self dealing and third party platform transactions in the first quarter of Jingdong was 76 billion 200 million yuan and 53 billion 100 million yuan respectively, representing an increase of 50% and 63% respectively over the first quarter of 2015. Although the volume of transactions rose sharply, it still generated a loss of 864 million 900 thousand yuan. Jingdong said that the loss is mainly due to the layout of the new business investment, in line with previous expectations.
As the core business of Jingdong group, Jingdong mall realized profitability, operating profit rate of 0.5%, compared with the same period last year -0.1% losses. In addition, Jingdong mall gross profit margin continued to rise to 14.37%, an increase of 18% over the same period last year. Huang Xuande, chief financial officer of Jingdong group, said that Jingdong mall maintained steady growth in its income in the off-season, proving the steady improvement of profitability.
Jingdong vigorously developed cross-border electricity providers in the first quarter, intending to strengthen cooperation with international brands to meet the rapid growth of domestic consumers' demand for high quality and imported genuine products. For example, in February, it announced cooperation with 6 European kitchenware brands such as Europe, Zwilling, and AI Sha. In March, Germany TOM TAILOR group set up its first flagship store in China on the global purchase platform of Jingdong. Liu Qiangdong, chief executive of Jingdong group, said that Jingdong has increasingly grown into China's top network. Retailer More and more brands are exploring the value of cooperation with Jingdong.
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