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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.

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.