6-K: Jd.Com Announces Third Quarter 2024 Results

JD.com reported net revenues of RMB260.4 billion in Q3 2024, up 5.1% YoY, driven by a 4.8% increase in product revenues and 6.5% growth in service revenues. Net income attributable to shareholders surged 47.8% to RMB11.7 billion, with net margin expanding to 4.5% from 3.2% last year.Operating income grew 29.5% to RMB12.0 billion, with operating margin improving to 4.6%. The company saw robust growth in general merchandise revenues, up 8.0% YoY, while electronics and home appliances revenues increased 2.7%. Marketing expenses rose 25.7% due to increased promotional activities.The company completed its US$3.0 billion share repurchase program and launched a new US$5.0 billion program through August 2027. During Q3, JD repurchased 31.0 million Class A shares for US$390 million. The company's cash position remained strong at RMB196.8 billion as of September 30, 2024.

JD.com reported net revenues of RMB260.4 billion in Q3 2024, up 5.1% YoY, driven by a 4.8% increase in product revenues and 6.5% growth in service revenues. Net income attributable to shareholders surged 47.8% to RMB11.7 billion, with net margin expanding to 4.5% from 3.2% last year.Operating income grew 29.5% to RMB12.0 billion, with operating margin improving to 4.6%. The company saw robust growth in general merchandise revenues, up 8.0% YoY, while electronics and home appliances revenues increased 2.7%. Marketing expenses rose 25.7% due to increased promotional activities.The company completed its US$3.0 billion share repurchase program and launched a new US$5.0 billion program through August 2027. During Q3, JD repurchased 31.0 million Class A shares for US$390 million. The company's cash position remained strong at RMB196.8 billion as of September 30, 2024.