JD.com reports a 17% YoY increase in Q1 revenue
JD.com reported its fiscal Q1 results on Tuesday. Here are the notable figures.
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Khan is a professional trader and business writer with over 7 years of experience in several financial markets. Khan takes pride in sharing insightful articles with his readers that help them improve their investment portfolios.
2022-05-17 17:49

JD.com Inc. stock closed 4.0% up on Tuesday after the company reported its financial earnings for the first quarter of 2022. JD.com is a significant provider of supply chain technology and services. Consumers may buy whatever they want, whenever and wherever they want it, due to the company's cutting-edge retail infrastructure.

JD.com Q1 earnings snapshot

The first quarter of 2022 saw net revenues of RMB239.7 billion (US$137.8 billion),which is an increase of 18.0% from the first quarter of 2021. The first quarter of 2022 had net service revenues of RMB35.2 billion (US$5.6 billion),a surge of 26.3% from the first quarter of 2021.
JD.com reports a 17% YoY increase in Q1 revenue
In the first quarter of 2022, income from operations was RMB2.4 billion (US$0.4 billion),up from RMB1.7 billion the previous year. Non-GAAP income from operations climbed by 32.8% in the first quarter of 2022, reaching RMB4.7 billion (US$0.7 billion),an increase from RMB3.5 billion in the first quarter of 2021. JD Retail's operating margin before unallocated items was 3.6% percent in the Q1 of 2022, compared to 4.0% in the first quarter of 2021.

For the first quarter of 2022, the net loss attributable to ordinary shareholders was calculated as RMB3.0 billion (US$0.5 billion),relative to a net income of RMB3.6 billion in the first quarter of 2021. For the first quarter of 2022, non-GAAP net income attributable to ordinary shareholders was RMB4.0 billion (US$0.6 billion),similar to RMB4.0 billion for the same period last year.

In the first quarter of 2022, diluted net loss per ADS was RMB1.92 (US$0.30),relative to diluted net income per ADS of RMB2.25 in the same period of previous year. For the first quarter of 2022, non-GAAP diluted net income per ADS was RMB2.53 (US$0.40),opposed to RMB2.47 for the same period in 2021.

Other notable figures

In the first quarter of 2022, research and development expenses were RMB4.4 billion (US$0.7 billion),down from RMB4.5 billion in the same period in previous year. From RMB2.2 billion in the first quarter of 2021 to RMB2.5 billion (US$0.4 billion) in the first quarter of 2022, general and administrative expenses climbed by 11.2% to RMB2.5 billion (US$0.4 billion).

Annual active customer accounts climbed by 16.2% to 580.5 million in the 12 months ending March 31, 2022, up from 499.8 million in the previous year.
Commenting on the earnings report, Lei Xu, CEO of JD.com said:

“JD.com’s robust supply chain capabilities and technology-driven operating efficiency underpinned our solid performance during the quarter as we continued to deliver healthy growth amidst a challenging external environment.”

The $83 billion company is still down about 30% in the stock market versus the start of the year 2022.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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About the Author
Khan is a professional trader and business writer with over 7 years of experience in several financial markets. Khan takes pride in sharing insightful articles with his readers that help them improve their investment portfolios.


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