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JD.com +9.5%, Q3 positive

Published 11/15/2016, 09:57 AM
JD.com +9.5%, Q3 positive
JD
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USD/CNH
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  • Results – revenue $9.1B (+38% Y/Y, consensus $8.86B), EPS -$0.03 (consensus $-0.06), gross profit $1.4B (+59% Y/Y), income from operations $60.1M (margin 0.7% vs. -0.04% Y/Y), operating cash flow $1B
  • Highlight metrics – GMV $23.8B (+43% Y/Y, excluding Paipai.com), GMV excluding virtual items $23.3B (+47% Y/Y), annual active customer accounts in twelve months ended September 30 198.7M (vs. 126.9M Y/Y, excluding Paipai.com customers), fulfilled orders excluding virtual items 401.2M (+55% Y/Y), fulfilled orders placed through mobile 79.7% of total orders (+110% Y/Y)
  • Other developments – JD Finance reorganization authorized to be explored. As of September 30, 26M ADSs repurchased for around $659M.
  • Q4 projections – net revenue RMB 75B-RMB 77.5B
  • JD.com (NASDAQ:JD) CEO Richard Liu: "We are delighted to announce another strong quarter of results, with solid growth in revenue and new users, as Chinese consumers increasingly prefer to shop online for high-quality products. Long-term investment in our business model is clearly winning over the market and changing the dynamics of e-commerce in China. Looking ahead, we will continue to pursue growth while stepping up our investment in cutting-edge technologies to further enhance user experience."
  • Prior quarters overview
  • Conference call
  • Press release

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