On August 21, Guolonghui announced the unaudited financial results for the second quarter of 2024. The total net revenue for the second quarter of 2024 was 2.35 billion yuan, a 9.5% decrease from 2.597 billion yuan in the same period of 2023. The net loss for the second quarter of 2024 was 0.286 billion yuan, compared to 0.159 billion yuan in the same period of 2023. The basic and diluted net loss per ordinary share for the second quarter was 0.27 yuan, compared to 0.15 yuan in the second quarter of 2023.
In terms of revenue, in the second quarter of 2024, jd.com's instant delivery net revenue was 0.912 billion yuan, compared to 1.616 billion yuan in the same period last year. Dada Nexus's instant delivery net revenue was 1.438 billion yuan, a 46.6% year-on-year increase.
"I am grateful for the trust of the board of directors and am honored to take on the role of chairman. Under the vision and leadership of the board of directors, we remain optimistic about the future of the instant retail and delivery industries," said Guo Qing, Chairman of dada nexus Board of Directors. "In the second quarter of 2024, our focus on user experience and high-quality development continued to yield significant results. JD Instant Shopping achieved a monthly transaction user and order volume growth of more than 100% year-on-year on the JD App in the second quarter of 2024. Dada Instant Shopping achieved over 50% year-on-year revenue growth in the first half of 2024. Looking ahead, we will strive to further execute our high-quality development strategy, while creating long-term, sustainable value for our shareholders, consumers, merchants, brand partners, delivery riders, and the entire society."
"In the second quarter of 2024, we continue to focus on optimizing customer experience and high-quality development," said Ma Jun, Chief Financial Officer of dada nexus. "We are pleased to see strong growth momentum in core indicators of JD Instant Shopping such as order volume and user base on the JD App this quarter, and we believe this will lead to long-term market share growth. At the same time, Dada Instant Shopping once again achieved impressive revenue growth, mainly due to the outstanding performance of our chain merchant business. Due to our focus on quality, the GAAP and non-GAAP net loss rates increased by 1.2 and 1.8 percentage points respectively."