JD.com 's revenue of 247.7 billion yuan in the third quarter increased by 1.7% over the same period last year, and his net profit significantly exceeded market expectations.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to CTOnews.com news on November 15, JD.com today released its financial results for the third quarter of 2023, which ended September 30, with revenue of 247.7 billion yuan ($34 billion) in the third quarter, an increase of 1.7 percent over the third quarter of 2022. Operating profit in the third quarter was 9.3 billion yuan ($1.3 billion), compared with 8.7 billion yuan in the same period last year.

JD.com Retail's operating profit margin, excluding unallocated items, was 5.2% in the third quarter, the same as in the third quarter of 2022. The net profit attributable to the Company's common shareholders in the third quarter was 7.9 billion yuan (US $1.1 billion), compared with 6 billion yuan in the same period last year. The net profit attributable to the Company's common shareholders under non-US GAAP for the third quarter of 2023 was RMB 10.6 billion (US $1.5 billion), compared with RMB 10 billion for the same period last year.

In the third quarter, JD.com 's commodity income was 195.3 billion yuan, down 0.9% from the same period last year, while service income was 52.4 billion yuan, up 12.7% from the same period last year.

JD.com said that in the third quarter of 2023, electronic products and household appliances, as the core category, continued to maintain a year-on-year growth rate higher than the industry average; service revenue reached 52.4 billion yuan, accounting for 21.2% of the total income, exceeding 20% for the first time. Under the efforts to maintain true low prices for goods, real subsidies from merchants, and real investment in services, revenue in the third quarter still achieved year-on-year growth, while benefiting from the continuous optimization of supply chain efficiency and steady improvement in profitability, the net profit in the third quarter significantly exceeded market expectations.