Jingdong earnings interpretation slowdown continued losses

Jingdong announced fiscal third quarter earnings, the data show that the Jingdong in the third quarter GMV (total turnover) of RMB (the same below) $115 billion, an increase of 71%. Net revenues of 44 billion 100 million yuan, an increase of 52%.

yesterday evening, Jingdong released the 2015 quarter of fiscal year third earnings, data show that the Jingdong in the third quarter of GMV (total turnover) of RMB (the same below) $115 billion, an increase of 71%. Net revenues of 44 billion 100 million yuan, an increase of 52%.

negative: slowdown, loss continued

 

Jingdong financial data

from the chart data, Jingdong second quarter earnings report GMV was $114 billion 500 million, net revenues of $49 billion 500 million in the first quarter of this quarter GMV was $87 billion 800 million, net revenues of $36 billion 600 million. In contrast, Jingdong GMV growth slowed in the third quarter.

 

Ali related financial data

contrast table Alibaba in recent quarter data show that China’s electricity supplier industry received the impact of the economic downturn, although still maintain growth, but growth is slowing down.

in the third quarter as the sales season, but the Jingdong GMV in the third quarter of 115 billion yuan, 114 billion 500 million yuan compared to only 500 million growth in the previous quarter, far lower than the first quarter to the second quarter compared to tens of billions of growth, the business model similar to Tmall still has tens of billions of growth, the pace has slowed to catch Tmall Jingdong.

although the gross profit margin rose to 13.8% in the quarter, but the third quarter net revenues fell from $second to $44 billion 100 million in the first quarter, the first negative growth.

Jingdong third quarter net loss attributable to common shareholders was $530 million 800 thousand, net profit margin of -1.2%. The second quarter net loss of $510 million 400 thousand, net profit margin of -1.1%. Jingdong loss is still little change, but continued.

in the third quarter, Jingdong increased self logistics investment. Jingdong launched two new Asia one regional logistics center in Guangzhou and Wuhan, including the 2014 opening of the Shanghai Asia one logistics center, the company has a total of three Asia one logistics center.

of American investment consultancy J Capital analyst Annie Stevenson-Yang has released a report in June, said compared with similar Suning, Jingdong logistics cost is high, the cost of land purchase is 3 to 4 times of Suning, Suning COO Hou Enlong in an interview earlier this month at the same point. Failure to control logistics costs is one of the reasons for the loss of Jingdong.

in addition to the quarterly earnings report shows that funds are spent on market expenses, Equipment >

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