At one point, JD.com 's income exceeded expectations by 33.1% compared with the same period last year, but the earnings per ADS were lower than expected. At one point, the share price fell nearly 4% from rising to falling before trading.
On the evening of May 8, JD.com released his quarterly report. Data show that revenue reached 100.1 billion yuan (unit: RMB, the same below), and the market expected 98.99 billion yuan, compared with 75.2 billion yuan in the same period last year, an increase of 33.1% over the same period last year:
Source: JD.com Financial report
Of this total, net product income increased by 31% over the same period last year, and net service income increased by 60% over the same period last year.
Under US general accounting standards, JD.com 's first-quarter net profit was 1.524 billion yuan ($243 million), up 410% from a year earlier; however, based on non-US general accounting standards (Non-GAAP), JD.com 's first-quarter net profit was 1.047 billion yuan, down 26% from a year earlier.
After adjustment under Non-GAAPEarnings per ADS were 0.71 yuan, well below market expectations of 0.82 yuan, compared with 0.92 yuan in the same period last year. At one point, the share price plunged nearly 4 percent before trading.:
Source: Futu Securities (JD.com 's pre-market trend)
In addition, JD.com 's total merchandise trading volume (GMV) in the first quarter was 330.2 billion yuan. JD.com expects revenue of 120 billion to 124 billion yuan in the second quarter, while the market expects 122.39 billion yuan.JD.com expects full-year revenue to grow by 29% to 33%.
Key points of results in the first quarter of fiscal year 2018
The first quarter of 2018Net income100.1 billion yuan (about US $16 billion), an increase of 33.1% over the same period last year
The first quarter of 2018Net service income8.6 billion yuan (about US $1.4 billion), an increase of 60% over the same period last year
The first quarter of 2018Operating profit of continuing business4.4 million yuan, compared with 661.3 million yuan in the same period last year
Under Non-GAAP, the operating profit of continuing business was 848.1 million yuan, compared with 1.4275 billion yuan in the same period last year.
JD.com Mall in the first quarter of 2018Operating profit margin2.1%, compared with 2.2% in the same period last year.
Belonging to common shareholders in the first quarter of 2018Net profit from continuing operations1.5249 billion yuan (about US $243.1 million), compared with 298.8 million yuan in the same period last year, an increase of 410% over the same period last year.
In the first quarter of 2018, net profit from continuing operations attributable to common shareholders under Non-GAAP was 1.0474 billion yuan (about $167 million), compared with 1.3219 billion yuan in the same period last year, down 26% from a year earlier.
As of March 31, 2018, JD.comNumber of active users in the past 12 monthsIt was 301.8 million, up 27.6% from the number of active users in 236.5 million as of March 31 last year.
Cash reserve
As of March 31, 2018, JD.com 's cash and cash equivalents, restricted funds and short-term investments totaled 49.9 billion yuan (about US $8 billion). As of December 31, 2017, JD.com 's cash and cash equivalents, restricted funds and short-term investments totaled 38.4 billion yuan.