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1、JD.com Announces Second Quarter and Interim 2024 ResultsBEIJING,Aug.15,2024(GLOBE NEWSWIRE)-JD.com,Inc.(NASDAQ:JD and HKEX:9618(HKD counter)and 89618(RMB counter),the“Company”),a leading supply chain-based technology and service provider,today announced its unaudited financial results for the three

2、and sixmonths ended June 30,2024.Second Quarter 2024 HighlightsNet revenues were RMB291.4 billion(US$140.1 billion)for the second quarter of 2024,an increase of 1.2%from thesecond quarter of 2023.Income from operations was RMB10.5 billion(US$1.4 billion)for the second quarter of 2024,compared to RMB

3、8.3 billionfor the second quarter of 2023.Non-GAAP2 income from operations was RMB11.6 billion(US$1.6 billion)for the secondquarter of 2024,compared to RMB8.7 billion for the second quarter of 2023.Operating margin of JD Retail beforeunallocated items was 3.9%for the second quarter of 2024,compared

4、to 3.2%for the second quarter of 2023.Net income attributable to the Companys ordinary shareholders was RMB12.6 billion(US$1.7 billion)for the secondquarter of 2024,compared to RMB6.6 billion for the second quarter of 2023.Net margin attributable to the Companysordinary shareholders was 4.3%for the

5、second quarter of 2024,compared to 2.3%for the second quarter of 2023.Non-GAAP net income attributable to the Companys ordinary shareholders was RMB14.5 billion(US$2.0 billion)forthe second quarter of 2024,compared to RMB8.6 billion for the second quarter of 2023.Non-GAAP net margin attributableto t

6、he Companys ordinary shareholders was 5.0%for the second quarter of 2024,compared to 3.0%for the secondquarter of 2023.Diluted net income per ADS was RMB8.19(US$1.13)for the second quarter of 2024,an increase of 97.3%fromRMB4.15 for the second quarter of 2023.Non-GAAP diluted net income per ADS was

7、RMB9.36(US$1.29)for thesecond quarter of 2024,an increase of 73.7%from RMB5.39 for the second quarter of 2023.Operating cash flow for the twelve months ended June 30,2024 was RMB74.0 billion(US$10.2 billion),an increase of40.9%from RMB52.5 billion for the twelve months ended June 30,2023.Free cash f

8、low,which excludes the impact fromconsumer financing receivables included in the operating cash flow,for the twelve months ended June 30,2024 wasRMB55.6 billion(US$7.7 billion),an increase of 66.2%from RMB33.5 billion for the twelve months ended June 30,2023.“We remained committed to the sustainable

9、 and high-quality growth of our business in the second quarter,”said Sandy Xu,Chief Executive Officer ofJD.com.“Our steadfast efforts to strengthen supply chain capabilities and user experience continue to distinguish JD in Chinas e-commerce industry,as we leverage our growing economies of scale and

10、 procurement efficiencies to bring users everyday low prices without sacrificing quality.Combinedwith our progress in building a thriving platform ecosystem,these efforts have led to favorable response from users,with robust user base expansionand user engagement improvement in the quarter.Going for

11、ward,we will continue to focus on our own strengths to enhance user experience,pricecompetitiveness and platform ecosystem,which we believe are the fundamentals to ensure sustainable growth in the years to come.”“In the second quarter,our total revenues increased by 1.2%year-on-year,as we navigated

12、a high base in our electronics and home appliancescategory from last year,while growth in our general merchandise category,particularly supermarket,remained robust,”said Ian Su Shan,ChiefFinancial Officer of JD.com.“We continued to enhance price competitiveness during the promotional season through

13、our supply chain and disciplinedapproach,as opposed to reliance on subsidies.As such,our gross margin substantially increased by 137bps year-on-year to 15.8%,contributing toour record-high operating and net profit on a non-GAAP basis in the quarter.These high-quality results,coupled with our acceler

14、ated sharerepurchase,highlight JDs commitment to creating long-term value for our shareholders.”Updates of Share Repurchase ProgramThe Company repurchased a total of 136.8 million Class A ordinary shares(equivalent of 68.4 million ADSs)for a total of US$2.1 billion during thethree months ended June

15、30,2024.The Company repurchased a total of 224.3 million Class A ordinary shares(equivalent of 112.2 million ADSs)for atotal of US$3.3 billion during the six months ended June 30,2024.All of these ordinary shares were repurchased from both Nasdaq and the HongKong Stock Exchange pursuant to the Compa

16、nys share repurchase programs publicly announced.The total number of ordinary shares repurchased by the Company for the three months ended June 30,2024 amounted to approximately 4.5%of itsordinary shares outstanding as of March 31,20243.The total number of shares repurchased by the Company for the s

17、ix months ended June 30,2024amounted to approximately 7.1%of its ordinary shares outstanding as of December 31,20234.The Company issued certain convertible senior notes due 2029 with an aggregate principal amount of US$2.0 billion in May 2024(the“Notes”).Themaximum number of shares deliverable upon

18、conversion of the Notes is approximately 87.5 million Class A ordinary shares(or 43.8 million ADSs).Asthe Company repurchased a total of 136.8 million Class A ordinary shares(equivalent of 68.4 million ADSs)for the three months ended June 30,2024,the potential dilution to the Companys shareholders u

19、pon the conversion of the Notes could be deemed to have been fully offset.Pursuant to the Companys US$3.0 billion share repurchase program which was approved in March 2024,the Company had repurchased a total ofapproximately US$2.6 billion and the remaining amount was approximately US$0.4 billion as

20、of June 30,2024.Business HighlightsJD Retail:In the second quarter,JD.com entered into strategic partnership agreements with multiple brands,including Xiaomi,Lenovo and OPPO,to further deepen cooperation with a focus on smart devices,intelligent supply chain,and AItechnology integration.JD.com and t

21、hese brands have established three-year sales targets and will work closely tomaximize their respective strengths and identify new markets for growth.In the second quarter,JD.com officially onboarded the luxury fashion brand MONCLER and American luxury lifestyle brandalexanderwang.JD.com also establ

22、ished a strategic partnership with Inditex,one of the worlds largest fashion retailers,with Massimo Dutti as the first of Inditexs brands launching a flagship store on JD.com.JD.com will continue to carry outdiversified and deepened cooperation with fashion brands and provide users with more enriche

23、d and convenient onlineshopping experience.JD Health:In the second quarter,JD Health partnered with a number of pharmaceutical companies to debut their new andspecialty drugs online,including Sinqi Pharmaceutical,Sanofi and GeneScience,among others.In addition,in June,JDHealth sold the first domesti

24、c order of Leqembi,a targeted drug for Alzheimers disease treatment,highlighting JDHealths advanced omni-channel supply chain and professional service capabilities in the pharmaceutical field.JD Logistics:In the second quarter,JD Logistics continued to optimize its network layout,algorithm-based veh

25、iclescheduling capabilities and product structure to achieve cost reduction and efficiency gains,resulting in a significantimprovement in profitability.Environment,Social and GovernanceIn the second quarter,JD Logistics continued to leverage its Supply Chain Emission Management Platform(SCEMP)toprov

26、ide customers with data monitoring,reporting and verification of carbon emissions in the logistics transportationprocess,enabling more valid and accurate carbon reduction efforts through big data computing.By the end of June,over25 customers around the world had used the platform to steer towards th

27、eir carbon reduction targets.Driven by JD.coms unwavering commitment and unremitting efforts to creating more jobs and making contribution to thesociety,the Companys total expenditure for human resources,including both its own employees and external personnelwho work for the Company,amounted to RMB1

28、09.2 billion for the twelve months ended June 30,2024.Second Quarter 2024 Financial ResultsNet Revenues.Net revenues increased by 1.2%to RMB291.4 billion(US$40.1 billion)for the second quarter of 2024 from RMB287.9 billion for thesecond quarter of 2023.Net product revenues remained stable,while net

29、service revenues increased by 6.3%for the second quarter of 2024,compared to the second quarter of 2023.Cost of Revenues.Cost of revenues decreased by 0.4%to RMB245.5 billion(US$33.8 billion)for the second quarter of 2024 from RMB246.5 billionfor the second quarter of 2023.Fulfillment Expenses.Fulfi

30、llment expenses,which primarily include procurement,warehousing,delivery,customer service and payment processingexpenses,increased by 3.2%to RMB17.2 billion(US$2.4 billion)for the second quarter of 2024 from RMB16.7 billion for the second quarter of 2023.Fulfillment expenses as a percentage of net r

31、evenues was 5.9%for the second quarter of 2024,compared to 5.8%for the second quarter of 2023.Marketing Expenses.Marketing expenses increased by 7.3%to RMB11.9 billion(US$1.6 billion)for the second quarter of 2024 from RMB11.1 billionfor the second quarter of 2023.Marketing expenses as a percentage

32、of net revenues was 4.1%for the second quarter of 2024,compared to 3.8%forthe second quarter of 2023,mainly due to the increased spending in promotion activities.Research and Development Expenses.Research and development expenses increased by 3.6%to RMB4.2 billion(US$0.6 billion)for the secondquarte

33、r of 2024 from RMB4.1 billion for the second quarter of 2023.Research and development expenses as a percentage of net revenues remainedstable at 1.4%for the second quarter of 2024 and 2023.General and Administrative Expenses.General and administrative expenses decreased by 9.6%to RMB2.1 billion(US$0

34、.3 billion)for the secondquarter of 2024 from RMB2.4 billion for the second quarter of 2023,primarily due to a decrease in share-based compensation expenses.General andadministrative expenses as a percentage of net revenues was 0.7%for the second quarter of 2024,compared to 0.8%for the second quarte

35、r of 2023.Income from Operations and Non-GAAP Income from Operations.Income from operations increased by 27.0%to RMB10.5 billion(US$1.4billion)for the second quarter of 2024 from RMB8.3 billion for the second quarter of 2023.Operating margin was 3.6%for the second quarter of 2024,compared to 2.9%for

36、 the second quarter of 2023.Non-GAAP income from operations increased by 33.7%to RMB11.6 billion(US$1.6 billion)forthe second quarter of 2024 from RMB8.7 billion for the second quarter of 2023.Non-GAAP operating margin was 4.0%for the second quarter of 2024,compared to 3.0%for the second quarter of

37、2023.Operating margin of JD Retail before unallocated items was 3.9%for the second quarter of 2024,compared to 3.2%for the second quarter of 2023.Non-GAAP EBITDA.Non-GAAP EBITDA increased by 30.1%to RMB13.5 billion(US$1.9 billion)for the second quarter of 2024 from RMB10.4billion for the second quar

38、ter of 2023.Non-GAAP EBITDA margin was 4.6%for the second quarter of 2024,compared to 3.6%for the second quarterof 2023.Others,net.Other non-operating income was RMB4.7 billion(US$0.6 billion)for the second quarter of 2024,compared to RMB1.2 billion for thesecond quarter of 2023.The increase was pri

39、marily due to increase in government subsidies and decrease in investment related loss.Net Income Attributable to the Companys Ordinary Shareholders and Non-GAAP Net Income Attributable to the Companys OrdinaryShareholders.Net income attributable to the Companys ordinary shareholders increased by 92

40、.1%to RMB12.6 billion(US$1.7 billion)for thesecond quarter of 2024 from RMB6.6 billion for the second quarter of 2023.Net margin attributable to the Companys ordinary shareholders was 4.3%for the second quarter of 2024,compared to 2.3%for the second quarter of 2023.Non-GAAP net income attributable t

41、o the Companys ordinaryshareholders increased by 69.0%to RMB14.5 billion(US$2.0 billion)for the second quarter of 2024 from RMB8.6 billion for the second quarter of2023.Non-GAAP net margin attributable to the Companys ordinary shareholders was 5.0%for the second quarter of 2024,compared to 3.0%for t

42、hesecond quarter of 2023.Diluted EPS and Non-GAAP Diluted EPS.Diluted net income per ADS increased by 97.3%to RMB8.19(US$1.13)for the second quarter of 2024from RMB4.15 for the second quarter of 2023.Non-GAAP diluted net income per ADS increased by 73.7%for the second quarter of 2024 toRMB9.36(US$1.

43、29)from RMB5.39 for the second quarter of 2023.Cash Flow and Working CapitalAs of June 30,2024,the Companys cash and cash equivalents,restricted cash and short-term investments totaled RMB209.5 billion(US$28.8billion),compared to RMB197.7 billion as of December 31,2023.For the second quarter of 2024

44、,free cash flow of the Company was as follows:For the three months ended June 30,2023June 30,2024June 30,2024 RMBRMBUS$(In millions)Net cash provided by operating activities 46,511 50,738 6,982 Add:Impact from consumer financing receivables included in the operating cash flow 1,586 2,138 294 Less:Ca

45、pital expenditures,net of related sales proceeds Capital expenditures for development properties(2,363)(1,590)(219)Other capital expenditures*(1,244)(1,731)(238)Free cash flow 44,490 49,555 6,819 *Including capital expenditures related to the Companys headquarters in Beijing and all other CAPEX.Net

46、cash used in investing activities was RMB38.5 billion(US$5.3 billion)for the second quarter of 2024,consisting primarily of net cash paid forpurchase of time deposits and wealth management products,and cash paid for capital expenditures.Net cash used in financing activities was RMB9.0 billion(US$1.2

47、 billion)for the second quarter of 2024,consisting primarily of cash paid forrepurchase of ordinary shares and cash paid for dividends,partially offset by the net proceeds from issuance of convertible senior notes.For the twelve months ended June 30,2024,free cash flow of the Company was as follows:

48、For the twelve months ended June 30,2023June 30,2024June 30,2024 RMBRMBUS$(In millions)Net cash provided by operating activities 52,541 74,040 10,188 Add/(Less):Impact from consumer financing receivables included in the operating cashflow 692 (639)(88)Less:Capital expenditures,net of related sales p

49、roceeds Capital expenditures for development properties(14,390)(10,559)(1,453)Other capital expenditures(5,372)(7,200)(990)Free cash flow 33,471 55,642 7,657 Supplemental InformationFrom the first quarter of 2024,the Company started to report three segments,JD Retail,JD Logistics and New Businesses,

50、to reflect changes made tothe reporting structure whose financial information is reviewed by the chief operating decision maker of the Company under its ongoing operatingstrategies.JD Retail,including JD Health and JD Industrials,among other components,mainly engages in online retail,online marketpl

51、ace andmarketing services in China.JD Logistics includes both internal and external logistics businesses.New Businesses mainly include Dada,JD Property,Jingxi and overseas businesses.The table below sets forth the segment operating results,with prior period segment information retrospectively recast

52、 to conform to the current periodpresentation:For the three months ended For the six months ended June 30,2023June 30,2024June 30,2024 June 30,2023June 30,2024June 30,2024 RMBRMBUS$RMBRMBUS$(In millions,except percentage data)Net revenues:JD Retail253,280 257,072 35,374 465,638 483,907 66,588 JD Log

53、istics41,033 44,207 6,083 77,761 86,344 11,881 New Businesses7,127 4,636 638 13,153 9,506 1,308 Inter-segment eliminations*(13,509)(14,518)(1,997)(25,665)(28,311)(3,896)Total consolidated net revenues287,931 291,397 40,098 530,887 551,446 75,881 Operating income/(loss):JD Retail8,143 10,108 1,391 17

54、,987 19,433 2,674 JD Logistics510 2,183 300 (613)2,407 331 New Businesses1,032 (695)(95)658 (1,365)(187)Including:gain on sale of development properties1,009 1,481 Total segment operating income9,685 11,596 1,596 18,032 20,475 2,818 Unallocated items*(1,415)(1,095)(150)(3,335)(2,274)(313)Total conso

55、lidated operating income8,270 10,501 1,446 14,697 18,201 2,505 YoY%change of net revenues:JD Retail4.9%1.5%1.4%3.9%JD Logistics31.2%7.7%32.6%11.0%New Businesses(16.6)%(35.0)%(12.2)%(27.7)%Operating margin:JD Retail3.2%3.9%3.9%4.0%JD Logistics1.2%4.9%(0.8)%2.8%New Businesses14.5%(15.0)%5.0%(14.4)%*Th

56、e inter-segment eliminations mainly consist of revenues from supply chain solutions and logistics services provided by JD Logistics to JD Retail,on-demand delivery and retail services provided by Dada to JD Retail and JD Logistics,and property leasing services provided by JD Property to JDLogistics.

57、*Unallocated items include share-based compensation,amortization of intangible assets resulting from assets and business acquisitions,effects ofbusiness cooperation arrangements,and impairment of goodwill and intangible assets,which are not allocated to segments.The table below sets forth the revenu

58、e information:For the three months ended June 30,2023 June 30,2024 June 30,2024 YoY%Change RMB RMB US$(In millions,except percentage data)Electronics and home appliances revenues152,131 145,061 19,961 (4.6)%General merchandise revenues81,724 88,847 12,226 8.7%Net product revenues233,855 233,908 32,1

59、87 0.0%Marketplace and marketing revenues22,509 23,425 3,223 4.1%Logistics and other service revenues31,567 34,064 4,688 7.9%Net service revenues54,076 57,489 7,911 6.3%Total net revenues287,931 291,397 40,098 1.2%For the six months ended June 30,2023 June 30,2024 June 30,2024 YoY%Change RMB RMB US$

60、(In millions,except percentage data)Electronics and home appliances revenues269,130 268,273 36,915 (0.3)%General merchandise revenues160,289 174,143 23,963 8.6%Net product revenues429,419 442,416 60,878 3.0%Marketplace and marketing revenues41,571 42,714 5,878 2.7%Logistics and other service revenue

61、s59,897 66,316 9,125 10.7%Net service revenues101,468 109,030 15,003 7.5%Total net revenues530,887 551,446 75,881 3.9%Recent DevelopmentThe Company has appointed Ms.Grace Kun Ding and Ms.Jennifer Ngar-Wing Yu as independent directors of the board of directors of the Company,effective from August 14,

62、2024.Ms.Ding serves as a member of the nomination committee and the compensation committee of the board,and Ms.Yuserves as a member of the ESG committee of the board.Ms.Grace Kun Ding has more than 15 years of experience in strategic investment and branding consultancy.Since 2010,she has focused on

63、retailchain branding and strategic investments in Europe and the Middle East.She is currently a strategic consulting service provider for cooperative retailsuppliers on the British Land platform and an independent investor.Ms.Ding served as a strategic officer of Admire Elite.Ltd from March 2018 toM

64、arch 2022 and has served as its Company Director since June 2022.Ms.Ding is well recognized in the fields of business and art.She studied atCentral St.Martins College of Art in London and the University of London,majored in Philosophy and Art History.She subsequently obtained anEMBA degree from the

65、London Business School.Over the years,Ms.Ding has been providing consulting services,particularly in branding strategicsto international clients.She has also provided consulting services to a number of private art galleries.Ms.Jennifer Ngar-Wing Yu served as an independent non-executive Director and

66、 a member of the Audit Committee and a member of the NominationCommittee of JD Logistics,Inc.from September 2022 to August 2024.Ms.Yu has been the Deputy Vice Chairwoman of CTF Education Group(“CTFEG”)since May 2019 and the Group President of CTFEG since February 2021.Prior to her career in educatio

67、n,Ms.Yu worked in investmentbanking specializing in alternative investments structuring,origination and distribution to Asian institutional investors,corporates,private equity andfund managers.From 2005 to 2009,Ms.Yu worked at Goldman Sachs Asia LLC(“Goldman Sachs”)and served as the Executive Direct

68、or beforeco-founding ARCH Education Group in 2009 where she continues to serve as Director.Prior to joining Goldman Sachs,Ms.Yu worked at J.P.MorganSecurities(Asia Pacific)Limited from 2003 to 2005.Ms.Yu has been committed to promoting educational development for more than a decade.Shecurrently serv

69、es in the Deans Advisory Group at Harvard Graduate School of Education,and on the Board of Visitors of the Fu Foundation School ofEngineering and Applied Science of Columbia University.She is also a member of the Council of The Hong Kong University of Science andTechnology(HKUST),a member of the Cou

70、rts of The University of Hong Kong,and a member of the Courts of Lingnan University.Ms.Yu received herMaster of Education from Harvard University in May 2022 and graduated magna cum laude from Columbia University with a Bachelor of Science inOperations Research and a minor in Economics in May 2003.C

71、onference CallJD.coms management will hold a conference call at 8:00 am,Eastern Time on August 15,2024,(8:00 pm,Beijing/Hong Kong Time on August 15,2024)to discuss its financial results for the three months and six months ended June 30,2024.Please register in advance of the conference using the link

72、 provided below and dial in 15 minutes prior to the call,using participant dial-in numbers,thePasscode and unique access PIN which would be provided upon registering.You will be automatically linked to the live call after completion of thisprocess,unless required to provide the conference ID below d

73、ue to regional restrictions.PRE-REGISTER LINK:https:/s1.c- ID:10041042A telephone replay will be available for one week until August 22,2024.The dial-in details are as follows:US:+1-855-883-1031International:+61-7-3107-6325Hong Kong:800-930-639Mainland China:400-120-9216Passcode:10041042 Additionall

74、y,a live and archived webcast of the conference call will also be available on the JD.coms investor relations website at http:/.About JD.comJD.com is a leading supply chain-based technology and service provider.The Companys cutting-edge retail infrastructure seeks to enable consumersto buy whatever

75、they want,whenever and wherever they want it.The Company has opened its technology and infrastructure to partners,brands andother sectors,as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.Non-GAAP MeasuresIn evaluating the business,the

76、 Company considers and uses non-GAAP measures,such as non-GAAP income/(loss)from operations,non-GAAPoperating margin,non-GAAP net income/(loss)attributable to the Companys ordinary shareholders,non-GAAP net margin attributable to theCompanys ordinary shareholders,free cash flow,non-GAAP EBITDA,non-G

77、AAP EBITDA margin,non-GAAP net income/(loss)per share andnon-GAAP net income/(loss)per ADS,as supplemental measures to review and assess operating performance.The presentation of these non-GAAPfinancial measures is not intended to be considered in isolation or as a substitute for the financial infor

78、mation prepared and presented in accordancewith accounting principles generally accepted in the United States of America(“U.S.GAAP”).The Company defines non-GAAP income/(loss)fromoperations as income/(loss)from operations excluding share-based compensation,amortization of intangible assets resulting

79、 from assets andbusiness acquisitions,effects of business cooperation arrangements,gain on sale of development properties and impairment of goodwill andlong-lived assets.The Company defines non-GAAP net income/(loss)attributable to the Companys ordinary shareholders as net income/(loss)attributable

80、to the Companys ordinary shareholders excluding share-based compensation,amortization of intangible assets resulting from assets andbusiness acquisitions,effects of business cooperation arrangements and non-compete agreements,gain/(loss)on disposals/deemed disposals ofinvestments and others,reconcil

81、ing items on the share of equity method investments,loss/(gain)from fair value change of long-term investments,impairment of goodwill,long-lived assets and investments,gain in relation to sale of development properties and tax effects on non-GAAPadjustments.The Company defines free cash flow as oper

82、ating cash flow adjusting the impact from consumer financing receivables included in theoperating cash flow and capital expenditures,net of the proceeds from sale of development properties.Capital expenditures include purchase ofproperty,equipment and software,cash paid for construction in progress,

83、purchase of intangible assets and land use rights.The Company definesnon-GAAP EBITDA as non-GAAP income/(loss)from operations plus depreciation and amortization excluding amortization of intangible assetsresulting from assets and business acquisitions.Non-GAAP basic net income/(loss)per share is cal

84、culated by dividing non-GAAP net income/(loss)attributable to the Companys ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods.Non-GAAPdiluted net income/(loss)per share is calculated by dividing non-GAAP net income/(loss)attributable to the Company

85、s ordinary shareholders by theweighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the periods,including the dilutive effect ofshare-based awards as determined under the treasury stock method.Non-GAAP net income/(loss)per ADS is equal to non-GAAP net i

86、ncome/(loss)per share multiplied by two.The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance andformulate business plans.Non-GAAP income/(loss)from operations,non-GAAP net income/(loss)attributable to the Companys ordinaryshareh

87、olders and non-GAAP EBITDA reflect the Companys ongoing business operations in a manner that allows more meaningful period-to-periodcomparisons.Free cash flow enables management to assess liquidity and cash flow while taking into account the impact from consumer financingreceivables included in the

88、operating cash flow and the demands that the expansion of fulfillment infrastructure and technology platform has placed onfinancial resources.The Company believes that the use of the non-GAAP financial measures facilitates investors to understand and evaluate theCompanys current operating performanc

89、e and future prospects in the same manner as management does,if they so choose.The Company alsobelieves that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses,gain/loss and other items that are not expected to result in future c

90、ash payments or that are non-recurring in nature or may not be indicative of theCompanys core operating results and business outlook.The non-GAAP financial measures have limitations as analytical tools.The Companys non-GAAP financial measures do not reflect all items ofincome and expense that affect

91、 the Companys operations or not represent the residual cash flow available for discretionary expenditures.Further,these non-GAAP measures may differ from the non-GAAP information used by other companies,including peer companies,and therefore theircomparability may be limited.The Company compensates

92、for these limitations by reconciling the non-GAAP financial measures to the nearest U.S.GAAP performance measure,all of which should be considered when evaluating performance.The Company encourages you to review theCompanys financial information in its entirety and not rely on a single financial mea

93、sure.CONTACTS:Investor RelationsSean Zhang+86(10)8912-6804IRJD.com Media Relations+86(10)8911-6155PressJD.comSafe Harbor StatementThis announcement contains forward-looking statements.These statements are made under the“safe harbor”provisions of the U.S.Private SecuritiesLitigation Reform Act of 199

94、5.These forward-looking statements can be identified by terminology such as“will,”“expects,”“anticipates,”“future,”“intends,”“plans,”“believes,”“estimates,”“confident”and similar statements.Among other things,the business outlook and quotations frommanagement in this announcement,as well as JD.coms

95、strategic and operational plans,contain forward-looking statements.JD.com may also makewritten or oral forward-looking statements in its periodic reports to the U.S.Securities and Exchange Commission(the“SEC”),in announcementsmade on the website of the Hong Kong Stock Exchange,in its annual report t

96、o shareholders,in press releases and other written materials and in oralstatements made by its officers,directors or employees to third parties.Statements that are not historical facts,including statements about JD.comsbeliefs and expectations,are forward-looking statements.Forward-looking statement

97、s involve inherent risks and uncertainties.A number of factorscould cause actual results to differ materially from those contained in any forward-looking statement,including but not limited to the following:JD.coms growth strategies;its future business development,results of operations and financial

98、 condition;its ability to attract and retain newcustomers and to increase revenues generated from repeat customers;its expectations regarding demand for and market acceptance of its productsand services;trends and competition in Chinas e-commerce market;changes in its revenues and certain cost or ex

99、pense items;the expected growthof the Chinese e-commerce market;laws,regulations and governmental policies relating to the industries in which JD.com or its business partnersoperate;potential changes in laws,regulations and governmental policies or changes in the interpretation and implementation of

100、 laws,regulations andgovernmental policies that could adversely affect the industries in which JD.com or its business partners operate,including,among others,initiativesto enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security;risks a

101、ssociated withJD.coms acquisitions,investments and alliances,including fluctuation in the market value of JD.coms investment portfolio;natural disasters andgeopolitical events;change in tax rates and financial risks;intensity of competition;and general market and economic conditions in China and glo

102、bally.Further information regarding these and other risks is included in JD.coms filings with the SEC and the announcements on the website of the HongKong Stock Exchange.All information provided herein is as of the date of this announcement,and JD.com undertakes no obligation to update anyforward-lo

103、oking statement,except as required under applicable law.JD.com,Inc.Unaudited Interim Condensed Consolidated Balance Sheets(In millions,except otherwise noted)As of December 31,2023 June 30,2024 June 30,2024 RMB RMB US$ASSETS Current assets Cash and cash equivalents 71,892 84,496 11,627Restricted cas

104、h 7,506 7,549 1,039Short-term investments 118,254 117,406 16,156Accounts receivable,net(including consumer financing receivables of RMB2.3 billionand RMB3.2 billion as of December 31,2023 and June 30,2024,respectively)(1)20,302 21,643 2,978Advance to suppliers 2,753 2,088 287Inventories,net 68,058 7

105、0,644 9,721Prepayments and other current assets 15,639 13,921 1,916Amount due from related parties 2,114 3,495 481Assets held for sale 1,292 959 132Total current assets 307,810 322,201 44,337Non-current assets Property,equipment and software,net 70,035 78,178 10,758Construction in progress 9,920 5,9

106、01 812Intangible assets,net 6,935 6,686 920Land use rights,net 39,563 38,436 5,289Operating lease right-of-use assets 20,863 22,987 3,163Goodwill 19,980 21,729 2,990Investment in equity investees 56,746 55,029 7,572Marketable securities and other investments 80,840 86,942 11,964Deferred tax assets 1

107、,744 1,593 219Other non-current assets 14,522 11,954 1,645Total non-current assets 321,148 329,435 45,332Total assets 628,958 651,636 89,669 JD.com,Inc.Unaudited Interim Condensed Consolidated Balance Sheets(In millions,except otherwise noted)As of December 31,2023 June 30,2024 June 30,2024 RMB RMB

108、US$LIABILITIES Current liabilities Short-term debts 5,034 5,601 771 Accounts payable 166,167 182,247 25,078 Advance from customers 31,625 32,584 4,484 Deferred revenues 2,097 2,139 294 Taxes payable 7,313 7,335 1,009 Amount due to related parties 1,620 494 68 Accrued expenses and other current liabi

109、lities 43,533 41,984 5,778 Operating lease liabilities 7,755 7,843 1,079 Liabilities held for sale 506 Total current liabilities 265,650 280,227 38,561 Non-current liabilities Deferred revenues 964 707 97 Unsecured senior notes 10,411 24,514 3,373 Deferred tax liabilities 9,267 9,102 1,252 Long-term

110、 borrowings 31,555 32,267 4,440 Operating lease liabilities 13,676 15,965 2,197 Other non-current liabilities 1,055 904 124 Total non-current liabilities 66,928 83,459 11,483 Total liabilities 332,578 363,686 50,044 MEZZANINE EQUITY 614 622 86 SHAREHOLDERSEQUITY Total JD.com,Inc.shareholders equity(

111、US$0.00002 par value,100,000 million sharesauthorized,3,188 million shares issued and 2,928 million shares outstanding as of June30,2024)231,858 220,764 30,379 Non-controlling interests 63,908 66,564 9,160 Total shareholdersequity 295,766 287,328 39,539 TOTAL LIABILITIES,MEZZANINE EQUITY AND SHAREHO

112、LDERSEQUITY 628,958 651,636 89,669 (1)JD Technology performs credit risk assessment services for consumer financing receivables business and absorbs the credit risk of the underlyingconsumer financing receivables.Facilitated by JD Technology,the Company periodically securitizes consumer financing re

113、ceivables through thetransfer of those assets to securitization plans and derecognizes the related consumer financing receivables through sales type arrangements.JD.com,Inc.Unaudited Interim Condensed Consolidated Statements of Operations(In millions,except per share data)For the three months ended

114、For the six months ended June 30,2023 June 30,2024 June 30,2024 June 30,2023 June 30,2024 June 30,2024 RMBRMBUS$RMBRMBUS$Net revenues Net product revenues233,855 233,908 32,187 429,419 442,416 60,878 Net service revenues54,076 57,489 7,911 101,468 109,030 15,003 Total net revenues287,931 291,397 40,

115、098 530,887 551,446 75,881 Cost of revenues(246,498)(245,459)(33,776)(453,436)(465,738)(64,088)Fulfillment(16,679)(17,221)(2,370)(32,050)(34,027)(4,682)Marketing(11,063)(11,867)(1,633)(19,068)(21,121)(2,906)Research and development(4,072)(4,217)(580)(8,258)(8,251)(1,135)General and administrative(2,

116、358)(2,132)(293)(4,859)(4,108)(565)Gain on sale of development properties1,009 1,481 Income from operations(2)(3)8,270 10,501 1,446 14,697 18,201 2,505 Other income/(expenses)Share of results of equity investees907 1,142 157 86 412 57 Interest expense(654)(688)(95)(1,244)(1,289)(177)Others,net(4)1,2

117、11 4,661 641 4,003 7,357 1,012 Income before tax9,734 15,616 2,149 17,542 24,681 3,397 Income tax expenses(2,811)(2,022)(278)(4,420)(3,722)(512)Net income6,923 13,594 1,871 13,122 20,959 2,885 Net income attributable to non-controllinginterests shareholders342 950 131 280 1,185 163 Net income attrib

118、utable tothe Companysordinary shareholders6,581 12,644 1,740 12,842 19,774 2,722 Net income per share:Basic2.09 4.20 0.58 4.09 6.44 0.89 Diluted2.08 4.09 0.56 4.04 6.34 0.87 Net income per ADS:Basic4.19 8.39 1.15 8.18 12.88 1.77 Diluted4.15 8.19 1.13 8.08 12.68 1.75 JD.com,Inc.Unaudited Interim Cond

119、ensed Consolidated Statements of Operations(In millions,except per share data)For the three months ended For the six months ended June 30,2023 June 30,2024 June 30,2024 June 30,2023 June 30,2024 June 30,2024 RMB RMB US$RMB RMB US$(2)Includes share-based compensation as follows:Cost of revenues(27)(1

120、0)(1)(64)(36)(5)Fulfillment(132)(108)(15)(331)(218)(30)Marketing(83)(80)(11)(218)(163)(22)Research and development(155)(164)(23)(487)(339)(47)General and administrative(580)(304)(42)(1,351)(669)(92)Total(977)(666)(92)(2,451)(1,425)(196)(3)Includes amortization of business cooperation arrangement and

121、 intangible assets resulting from assets and business acquisitions as follows:Fulfillment(103)(103)(14)(208)(206)(28)Marketing(220)(226)(31)(439)(445)(62)Research and development(83)(68)(9)(173)(134)(18)General and administrative(32)(32)(4)(64)(64)(9)Total(438)(429)(58)(884)(849)(117)(4)Others,net a

122、re other non-operating income/(loss),primarily consist of gains/(losses)from fair value change of long-term investments,governmentincentives,interest income,gains/(losses)from acquirements or disposals of businesses and investments,impairment of investments,foreignexchange gains/(losses),net.JD.com,

123、Inc.Unaudited Non-GAAP Net Income Per Share and Per ADS(In millions,except per share data)For the three months ended For the six months ended June 30,2023 June 30,2024 June 30,2024 June 30,2023 June 30,2024June 30,2024 RMB RMB US$RMB RMB US$Non-GAAP net income attributable to the Companysordinary sh

124、areholders8,557 14,460 1,991 16,148 23,359 3,215 Weighted average number of shares:Basic3,143 3,013 3,013 3,141 3,070 3,070Diluted3,166 3,085 3,085 3,173 3,114 3,114 Non-GAAP net income per share:Basic2.72 4.80 0.66 5.14 7.61 1.05Diluted2.70 4.68 0.64 5.08 7.49 1.03 Non-GAAP net income per ADS:Basic

125、5.44 9.60 1.32 10.28 15.22 2.09Diluted5.39 9.36 1.29 10.16 14.98 2.06 JD.com,Inc.Unaudited Interim Condensed Consolidated Statements of Cash Flows and Free Cash Flow(In millions)For the three months ended For the six months ended June 30,2023June 30,2024June 30,2024 June 30,2023June 30,2024June 30,2

126、024 RMBRMBUS$RMBRMBUS$Net cash provided by operating activities46,511 50,738 6,982 24,904 39,423 5,425 Net cash used in investing activities(28,127)(38,527)(5,301)(11,435)(10,113)(1,392)Net cash used in financing activities(1,832)(8,969)(1,234)(577)(16,414)(2,259)Effect of exchange rate changes on c

127、ash,cash equivalents andrestricted cash1,827 (114)(17)1,101 (247)(33)Net increase in cash,cash equivalents and restricted cash18,379 3,128 430 13,993 12,649 1,741 Cash,cash equivalents,and restricted cash at beginning of period,including cash and cash equivalents classified within assets held forsal

128、e80,770 88,922 12,236 85,156 79,451 10,933 Less:cash,cash equivalents,and restricted cash classified withinassets held for sale at beginning of period (3)*(41)(53)(8)Cash,cash equivalents,and restricted cash at beginning ofperiod80,770 88,919 12,236 85,115 79,398 10,925 Cash,cash equivalents,and res

129、tricted cash at end of period,includingcash and cash equivalents classified within assets held for sale99,149 92,047 12,666 99,149 92,047 12,666 Less:cash,cash equivalents,and restricted cash classified withinassets held for sale at end of period (2)*(2)*Cash,cash equivalents and restricted cash at

130、end of period99,149 92,045 12,666 99,149 92,045 12,666 Net cash provided by operating activities46,511 50,738 6,982 24,904 39,423 5,425 Add:Impact from consumer financing receivables included in theoperating cash flow1,586 2,138 294 1,004 857 118 Less:Capital expenditures,net of related sales procee

131、ds Capital expenditures for development properties(2,363)(1,590)(219)(4,508)(2,950)(406)Other capital expenditures(1,244)(1,731)(238)(2,312)(3,251)(448)Free cash flow44,490 49,555 6,819 19,088 34,079 4,689 *Absolute value is less than US$1 million.JD.com,Inc.Supplemental Financial Information and Bu

132、siness Metrics(In RMB billions,except turnover days data)Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Cash flow and turnover days Operating cash flow trailing twelve months(“TTM”)52.558.459.569.8 74.0Free cash flow TTM 33.539.440.750.6 55.6Inventory turnover days(5)TTM 31.730.830.329.0 29.8Accounts payable tu

133、rnover days(6)TTM 52.852.653.251.8 57.0Accounts receivable turnover days(7)TTM 5.05.45.65.4 5.7(5)TTM inventory turnover days are the quotient of average inventory over the immediately preceding five quarters,up to and including the lastquarter of the period,to cost of revenues of retail business fo

134、r the last twelve months,and then multiplied by 360 days.(6)TTM accounts payable turnover days are the quotient of average accounts payable for retail business over the immediately preceding fivequarters,up to and including the last quarter of the period,to cost of revenues of retail business for th

135、e last twelve months,and then multiplied by360 days.(7)TTM accounts receivable turnover days are the quotient of average accounts receivable over the immediately preceding five quarters,up to andincluding the last quarter of the period,to total net revenues for the last twelve months and then multip

136、lied by 360 days.Presented are the accountsreceivable turnover days excluding the impact from consumer financing receivables.JD.com,Inc.Unaudited Reconciliation of GAAP and Non-GAAP Results(In millions,except percentage data)For the three months ended For the six months ended June 30,2023June 30,202

137、4June 30,2024 June 30,2023June 30,2024June 30,2024 RMBRMBUS$RMBRMBUS$Income from operations8,270 10,501 1,446 14,697 18,201 2,505Add:Share-based compensation977 666 92 2,451 1,425 196Add:Amortization of intangible assets resulting from assets andbusiness acquisitions327 316 42 663 625 86Add:Effects

138、of business cooperation arrangements111 113 16 221 224 31Reversal of:Gain on sale of development properties(1,009)(1,481)Non-GAAP income from operations8,676 11,596 1,596 16,551 20,475 2,818Add:Depreciation and other amortization1,727 1,934 268 3,351 3,842 529Non-GAAP EBITDA10,403 13,530 1,864 19,90

139、2 24,317 3,347 Total net revenues287,931 291,397 40,098 530,887 551,446 75,881 Non-GAAP operating margin3.0%4.0%3.1%3.7%Non-GAAP EBITDA margin3.6%4.6%3.7%4.4%JD.com,Inc.Unaudited Reconciliation of GAAP and Non-GAAP Results(In millions,except percentage data)For the three months ended For the six mon

140、ths ended June 30,2023June 30,2024June 30,2024 June 30,2023June 30,2024June 30,2024 RMBRMBUS$RMBRMBUS$Net income attributable to the Companys ordinaryshareholders6,581 12,644 1,740 12,842 19,774 2,722 Add:Share-based compensation739 549 76 1,995 1,141 157 Add:Amortization of intangible assets result

141、ing from assetsand business acquisitions159 151 21 381 294 40 Add/(Reversal of):Reconciling items on the share of equitymethod investments(8)(139)211 29 701 581 80 Add:Impairment of goodwill,long-lived assets,andinvestments1,362 1,102 152 1,388 1,660 228 Add/(Reversal of):Loss/(Gain)from fair value

142、change oflong-term investments488 (104)(14)(388)(112)(15)Reversal of:Gain on sale of development properties(756)(1,120)Reversal of:Gain on disposals/deemed disposals ofinvestments and others(29)(208)(29)(50)(230)(32)Add:Effects of business cooperation arrangements andnon-compete agreements111 113 16

143、 221 224 31 Add:Tax effects on non-GAAP adjustments41 2 *178 27 4 Non-GAAP net income attributable to the Companysordinary shareholders8,557 14,460 1,991 16,148 23,359 3,215 Total net revenues287,931 291,397 40,098 530,887 551,446 75,881 Non-GAAP net margin attributable to the Companysordinary share

144、holders3.0%5.0%3.0%4.2%(8)To exclude the GAAP to non-GAAP reconciling items on the share of equity method investments and share of amortization of intangibles not ontheir books.*Absolute value is less than US$1 million.Reconciliation between U.S.GAAP and International Financial Reporting StandardsDe

145、loitte Touche Tohmatsu was engaged by the Company to conduct limited assurance engagement in accordance with Hong Kong Standard onAssurance Engagements 3000(Revised)Assurance Engagements Other Than Audits or Reviews of Historical Financial Information(HKSAE 3000(Revised)issued by the Hong Kong Insti

146、tute of Certified Public Accountants(the HKICPA)on the reconciliation of the condensed consolidatedstatement of operations for the six months ended June 30,2024 and the condensed consolidated balance sheet as of June 30,2024 of the Companyand its subsidiaries(collectively referred to as the Group)be

147、tween the accounting policies adopted by the Group of the relevant period in accordancewith the U.S.GAAP and the International Financial Reporting Standards(the IFRSs)issued by the International Accounting Standards Board(together,the Reconciliation).The limited assurance engagement undertaken in ac

148、cordance with HKSAE 3000(Revised)involves performing procedures to obtain sufficientappropriate evidence about whether:the related adjustments and reclassifications give appropriate effect to those criteria;andthe Reconciliation reflects the proper application of the adjustments and reclassification

149、s to the differences between theGroups accounting policies in accordance with the U.S.GAAP and the IFRSs.The procedures performed by Deloitte Touche Tohmatsu were based on their professional judgment,having regard to their understanding of themanagements process on preparing the Reconciliation,natur

150、e,business performance and financial position of the Group.Given the circumstances ofthe engagement,the procedures performed included:(i)Comparing the Amounts as recorded under U.S.GAAP as of and for the six months ended June 30,2024 in the Reconciliation as set out in theAppendix with the Interim 2

151、024 Results prepared in accordance with the U.S.GAAP;(ii)Evaluating the assessment made by the board of directors in identifying the differences between the accounting policies in accordance with theU.S.GAAP and the IFRSs,and the evidence supporting the adjustments and reclassifications made in the

152、Reconciliation in arriving at the Amountsas recorded under IFRSs in the Reconciliation as set out in the Appendix;and(iii)Checking the arithmetic accuracy of the computation of the Reconciliation as set out in the Appendix.The procedures performed by Deloitte Touche Tohmatsu in this limited assuranc

153、e engagement vary in nature and timing from,and are less in extentthan for,a reasonable assurance engagement.Consequently,the level of assurance obtained in a limited assurance engagement is substantiallylower than the assurance that would have been obtained had a reasonable assurance engagement bee

154、n performed.Accordingly,Deloitte ToucheTohmatsu does not express a reasonable assurance opinion.Based on the procedures performed and evidence obtained,Deloitte Touche Tohmatsu has concluded that nothing has come to their attention thatcauses them to believe that:(i)The Amounts as recorded under U.S

155、.GAAP as of and for the six months ended June 30,2024 in the Reconciliation as set out in the Appendix isnot in agreement with the Interim 2024 Results prepared in accordance with the U.S.GAAP;(ii)The adjustments and reclassifications made in the Reconciliation in arriving at the Amounts as recorded

156、 under IFRSs in the Reconciliation as setout in the Appendix,do not reflect,in all material respects,the different accounting treatments according to the Groups accounting policies inaccordance with the U.S.GAAP and the IFRSs of the relevant period;and(iii)The computation of the Reconciliation as se

157、t out in the Appendix is not arithmetically accurate.AppendixThe condensed consolidated financial statements are prepared in accordance with U.S.GAAP,which differ in certain respects from IFRSs.The effectsof material differences between the condensed consolidated financial statements of the Group pr

158、epared under U.S.GAAP and IFRSs are as follows:For six months ended June 30,2023 IFRSs adjustments Amounts asrecorded underU.S.GAAP Preferredshares Investmentsmeasuredat fair value Share-basedcompensation Lease Redeemableequitysecurities Amounts asrecorded underIFRSs (RMB in millions)Note iNote iiNo

159、te iiiNote ivNote v Fulfillment(32,050)-845-(31,205)Marketing(19,068)-2-(19,066)Research and development(8,258)-3-(8,255)General and administrative(4,859)-4-(4,855)Gain on sale of developmentproperties1,481-(250)-1,231 Income from operations14,697-604-15,301 Share of results of equityinvestees86-(39

160、1)-(305)Interest expense(1,244)-(517)(7)(1,768)Others,net4,003-374-4,377 Fair value changes of preferredshares-(818)-(818)Income before tax17,542(818)(17)-87(7)16,787 Income tax expenses(4,420)-(30)(265)-(4,715)Net income13,122(818)(47)(265)87(7)12,072 Net income attributable tonon-controlling inter

161、estsshareholders280(207)(2)-(28)-43 Net income attributable to theCompanys ordinaryshareholders12,842(611)(45)(265)115(7)12,029 For six months ended June 30,2024 IFRSs adjustments Amountsas recordedunder U.S.GAAP Preferredshares Investmentsmeasuredat fair value Share-basedcompensation Lease Redeemab

162、leequitysecurities Impairmentoflong-livedassets Convertibleseniornotes Amountsas recordedunderIFRSs (RMB in millions)Note iNote iiNote iiiNote ivNote vNote vi Note vii Cost of revenues(465,738)-17-(465,721)Fulfillment(34,027)-495-7-(33,525)Marketing(21,121)-1-(21,120)Research anddevelopment(8,251)-2

163、-(8,249)General andadministrative(4,108)-2-(4,106)Income fromoperations18,201-500-24-18,725 Share of results ofequity investees412-78-490 Interest expense(1,289)-(290)(5)-(124)(1,708)Others,net7,357-(89)-(84)-1,141 8,325 Fair value changesof preferred shares-(48)-(48)Income before tax24,681(48)(11)-

164、126(5)24 1,017 25,784 Income taxexpenses(3,722)-58(26)-(3,690)Net income20,959(48)47(26)126(5)24 1,017 22,094 Net incomeattributable tonon-controllinginterestsshareholders1,185(11)38(26)(47)-6-1,145 Net incomeattributable to theCompanys ordinaryshareholders19,774(37)9-173(5)18 1,017 20,949 As of Dec

165、ember 31,2023 IFRSs adjustments Amounts asrecordedunder U.S.GAAPPreferredshares Investmentsmeasuredat fair value Share-basedcompensation Lease Redeemableequitysecurities Impairmentoflong-livedassets Amounts asrecordedunderIFRSs(RMB in millions)Note iNote iiNote iiiNote ivNote vNote vi Property,equip

166、ment andsoftware,net70,035-(950)69,085Land use rights,net39,563-(822)38,741Operating lease right-of-useassets20,863-(1,538)-19,325Investment in equityinvestees56,746-(33,642)-23,104Marketable securities andother investments80,840-(2,765)-78,075Financial assets at fair valuethrough profit or loss-38,

167、125-38,125Financial assets at fair valuethrough other comprehensiveincome-300-300Deferred tax assets1,744-5(696)-1,053Total assets628,958-2,023(696)(1,538)-(1,772)626,975Accrued expenses and otherliabilities44,588-560-45,148Preferred shares-18,162-18,162Deferred tax liabilities9,267-584-9,851Total l

168、iabilities332,578 18,162 584-560-351,884Mezzanine Equity614-(614)-Total JD.com,Inc.shareholders equity231,858(8,161)1,411(628)(1,460)(454)(1,328)221,238Non-controlling interests63,908(10,001)28(68)(78)508(444)53,853Total shareholdersequity295,766(18,162)1,439(696)(1,538)54(1,772)275,091 As of June 3

169、0,2024 IFRSs adjustments Amountsasrecordedunder U.S.GAAP Preferredshares Investmentsmeasuredat fair value Share-basedcompensation Lease Redeemableequitysecurities Impairmentoflong-livedassets Convertibleseniornotes AmountsasrecordedunderIFRSs(RMB in millions)Note iNote iiNote iiiNote ivNote vNote vi

170、Note vii Property,equipmentand software,net78,178-(936)-77,242Land use rights,net38,436-(812)-37,624Operating leaseright-of-use assets 22,987 -(1,412)-21,575Investment in equityinvestees 55,029 -(31,883)-23,146Marketablesecurities and otherinvestments 86,942 -(3,077)-83,865Financial assets atfair va

171、lue throughprofit or loss-36,682 -36,682Financial assets atfair value throughothercomprehensiveincome-176 -176Deferred tax assets 1,593 -5 (727)-871Total assets 651,636 -1,903 (727)(1,412)-(1,748)-649,652Accrued expensesand other liabilities42,888-565-43,453Financial liability atfair value throughpr

172、ofit or loss-2,757 2,757Preferred shares-18,258-18,258Unsecured seniornotes 24,514 -(3,778)20,736Deferred taxliabilities 9,102-548 -9,650Total liabilities 363,686 18,258 548 -565-(1,021)382,036Mezzanine Equity 622 -(622)-Total JD.com,Inc.shareholders equity 220,764 (8,448)1,349 (630)(1,287)(400)(1,3

173、10)1,021 211,059Non-controllinginterests 66,564 (9,810)6 (97)(125)457(438)-56,557Total shareholdersequity 287,328 (18,258)1,355 (727)(1,412)57(1,748)1,021 267,616Notes(i)Preferred sharesUnder U.S.GAAP,preferred shares of the Group are accounted for as mezzanine equity or non-controlling interests,de

174、pending on whether theredeemable features exist or not.The preferred shares with redeemable features are classified as mezzanine equity because they are contingentlyredeemable upon the occurrence of certain events outside of the Groups control.This kind of preferred shares are recorded initially at

175、fair value,net ofissuance costs at the date of issuance.Accretion to the respective redemption value of the preferred shares is recognized over the period from theissuance date to the earliest redemption date.Under IFRS,since the Group does not have an unconditional right to avoid delivering cash,th

176、e preferred shares represent liability.With certainembedded features otherwise to be bifurcated,the entire preferred shares are designated as financial liabilities at fair value through profit or loss andare initially recognized at fair value,while subsequently changes in the fair value are recogniz

177、ed in profit or loss.The issuance costs are recorded inprofit or loss.(ii)Investments measured at fair valueUnder U.S.GAAP,the Group uses measurement alternative to record the investments without readily determinable fair values at cost,lessimpairment,adjusted for subsequent observable price changes

178、 on a nonrecurring basis,and reports changes in the carrying value of the equityinvestments in profit or loss.Changes in the carrying value of the equity investments are required to be made whenever there are observable pricechanges in orderly transactions for the identical or similar investment of

179、the same issuer.Those investments include convertible redeemable preferredshares,ordinary shares with preferential rights issued by privately held companies and equity investments in unlisted entities,in the form of ordinaryshares without significant influence.In addition,the Group accounts for cert

180、ain investments in private equity funds over which the Group does not havethe ability to exercise significant influence under the existing practical expedient,and estimates fair value using net asset value per share(or itsequivalent)of the investment.The Group also applies the equity method of accou

181、nting to account for certain equity investments in private equity funds.Under IFRS,the aforementioned investments are classified as financial assets at fair value through profit or loss and measured at fair value,except forcertain equity investments not held for trading but held for long-term strate

182、gic purposes,which are designated as financial assets at fair value throughother comprehensive income.Fair value changes of these investments are recognized in profit or loss or other comprehensive income,respectively.(iii)Share-based compensationUnder U.S.GAAP,for awards that ordinarily give rise t

183、o a tax deduction under existing tax law,deferred taxes are computed on the basis of thecompensation expense that is recognized for financial reporting purposes.In addition,tax benefits in excess of or less than the related deferred taxassets are recognized in profit or loss in the period in which t

184、he amount of the deduction is determined(typically when an award vests or,in the case ofoptions,is exercised or expires).Under IFRS,for awards that will give rise to a tax deduction under the applicable tax law,deferred taxes are computed on the basis of the hypotheticaltax deduction for the share-b

185、ased payment that corresponds to the percentage earned to date(i.e.,the intrinsic value of the award on the reportingdate multiplied by the percentage vested).In addition,tax benefits less than or equal to the related deferred tax assets are recognized in profit or loss,otherwise are recognized in e

186、quity.(iv)LeaseLease classification and measurementUnder U.S.GAAP,the amortization of the right-of-use assets and interest expense related to the lease liabilities are recorded together as leaseexpense to produce a straight-line recognition effect in profit or loss.Under IFRS,the amortization of the

187、 right-of-use assets is on a straight-line basis while the interest expense related to the lease liabilities aremeasured at amortized cost.Sale-and-leaseback arrangementsUnder U.S.GAAP,if the sale-and-leaseback transaction qualifies as a sale,the entire gain on the transaction would be recognized.Un

188、der IFRS,for sale-and-leaseback transactions that qualify as a sale,the gain would be limited to the amount related to the residual portion of theasset sold.The amount of the gain related to the underlying asset leased back to the lessee would be offset against the lessees right-of-use assets.(v)Red

189、eemable equity securitiesUnder U.S.GAAP,certain financial instruments of the Group in the form of shares with redemption features embedded are classified as redeemablenon-controlling interests,when the realization of the redemption feature is subject to certain conditions that are not solely within

190、the Groups control.Under IFRS,these financial instruments are classified as liabilities when the Group has an obligation to repurchase the equity shares by transferringassets,irrespective of whether the obligation is unconditional or conditional.(vi)Impairment of long-lived assetsUnder U.S.GAAP,the

191、Group takes a two-step approach to calculate an asset or asset group impairment by comparing the asset or asset groupscarrying amount with the sum of future undiscounted cash flows as a test of recoverability,and record the amount by which the carrying value exceedsthe fair value as impairment loss

192、when the carrying amount is not recoverable.Under IFRS,the Group takes a one-step approach to calculate an asset or cash generating unit impairment by recording the amount by which thecarrying value exceeds the recoverable amount as an impairment loss when impairment indicators exist.(vii)Convertibl

193、e senior notesUnder U.S.GAAP,the Notes are accounted for as debt in their entirety and are measured at amortized cost,with debt issuance cost amortized andrecognized as interest expense using the effective interest method.Under IFRSs,the Notes are hybrid instruments,each of which consists of a host

194、debt contract and a separately accounted for derivative.Theconversion feature is a derivative that may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixednumber of the Groups own equity instruments,therefore does not meet the definition of equity an

195、d is a derivative liability measured at fair valuethrough profit or loss.The embedded repurchase and redemption options of the Notes are closely related to the host debt contracts and therefore notaccounted for as derivatives separately.The host debt contracts are initially measured as the differenc

196、e between the fair value of the entire hybridinstruments and the fair value of the conversion feature.Subsequent to the initial recognition,the host debt contracts are accounted for at amortizedcost with interest expense recognized using the effective interest method,and the changes in fair value of

197、 the conversion feature are recognized inprofit or loss._1 The U.S.dollar(US$)amounts disclosed in this announcement,except for those transaction amounts that were actually settled in U.S.dollars,arepresented solely for the convenience of the readers.The conversion of Renminbi(RMB)into US$in this an

198、nouncement is based on the exchange rateset forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 28,2024,which was RMB7.2672 toUS$1.00.The percentages stated in this announcement are calculated based on the RMB amounts.2 See the sections entitled“N

199、on-GAAP Measures”and“Unaudited Reconciliation of GAAP and Non-GAAP Results”for more information about thenon-GAAP measures referred to in this announcement.3 The number of ordinary shares outstanding as of March 31,2024 was approximately 3,054 million shares.4 The number of ordinary shares outstanding as of December 31,2023 was approximately 3,138 million shares.