JD.com up 5.33%: 2019Q3 net profit of 3.1 billion yuan, up 160% YoY

JD today reported unaudited results for the third quarter of 2019. The company reported net income attributable to common shareholders under non-U.S. General Accounting Standards (Non-GAAP) at $3.1 billion in the third quarter, up 160.6 percent from a year earlier. On the good news, JD.com was up 5.33 percent at $35.36 as of 18:34 BST.

JD.com up 5.33%: 2019Q3 net profit of 3.1 billion yuan, up 160% YoY

According to the financial results, JD.com’s free cash flow in the past 12 months rose to 15.6 billion yuan in the 12 months ended September 30, a significant increase year-on-year and month-on-year, while the number of active purchases in the past 12 months was 334.4 million, up 13 million from the same period in the second quarter, the largest increase since the last seven quarters.

Jd.com’ retail division reported net income of 128.7 billion yuan in the third quarter, up 27.3 percent from the third quarter of 2018 and accounting for 95 percent of total revenue.

In terms of logistics, the financial report disclosed that as of September 30, 2019, there were more than 250,000 contracted merchants on the jd.com third-party platform, and jd.com’s single business outside JD.com Continued to expand rapidly, serving more than 200,000 corporate customers, and external revenue accounted for nearly 40% of the logistics group’s total revenue.

JD.com up 5.33%: 2019Q3 net profit of 3.1 billion yuan, up 160% YoYJD.com up 5.33%: 2019Q3 net profit of 3.1 billion yuan, up 160% YoY

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