Source: JD.com, BEIJING, March 09, 2023
JD.com, Inc., a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months and the full year ended December 31, 2022 and dividend for the year ended December 31, 2022.
Fourth Quarter and Full Year 2022 Highlights
l Net revenues for the fourth quarter of 2022 were RMB295.4 billion (US$142.8 billion), an increase of 7.1% from the fourth quarter of 2021. Net service revenues for the fourth quarter of 2022 were RMB57.8 billion (US$8.4 billion), an increase of 40.3% from the fourth quarter of 2021. Net revenues for the full year of 2022 were RMB1,046.2 billion (US$151.7 billion), an increase of 9.9% from the full year of 2021. Net service revenues for the full year of 2022 were RMB181.2 billion (US$26.3 billion), an increase of 33.3% from the full year of 2021.
l Income from operations for the fourth quarter of 2022 was RMB4.8 billion (US$0.7 billion), compared to a loss of RMB0.4 billion for the same period last year. Non-GAAP2 income from operations was RMB7.3 billion (US$1.1 billion) for the fourth quarter of 2022, as compared to RMB2.8 billion for the fourth quarter of 2021. Operating margin of JD Retail before unallocated items for the fourth quarter of 2022 was 3.0%, compared to 2.1% for the fourth quarter of 2021. Income from operations for the full year of 2022 was RMB19.7 billion (US$2.9 billion), compared to RMB4.1 billion for the full year of 2021. Non-GAAP income from operations for the full year of 2022 was RMB27.6 billion (US$4.0 billion), compared to RMB13.4 billion for the full year of 2021. Operating margin of JD Retail before unallocated items for the year of 2022 was 3.7%, compared to 3.1% for the year of 2021.
l Net income attributable to ordinary shareholders for the fourth quarter of 2022 was RMB3.0 billion (US$0.4 billion), compared to a net loss of RMB5.2 billion for the same period last year. Non-GAAP net income attributable to ordinary shareholders for the fourth quarter of 2022 was RMB7.7 billion (US$1.1 billion), as compared to RMB3.6 billion for the same period last year. Net income attributable to ordinary shareholders for the full year of 2022 was RMB10.4 billion (US$1.5 billion), compared to a net loss of RMB3.6 billion for the full year of 2021. Non-GAAP net income attributable to ordinary shareholders for the full year of 2022 was RMB28.2 billion (US$4.1 billion), compared to RMB17.2 billion for the full year of 2021.
l Diluted net income per ADS for the fourth quarter of 2022 was RMB1.91 (US$0.28), compared to a diluted net loss per ADS of RMB3.33 for the fourth quarter of 2021. Non-GAAP diluted net income per ADS for the fourth quarter of 2022 was RMB4.81 (US$0.70), compared to RMB2.21 for the same period last year. Diluted net income per ADS for the full year of 2022 was RMB6.42 (US$0.93), compared to a diluted net loss per ADS of RMB2.29 for the full year of 2021. Non-GAAP diluted net income per ADS for the full year of 2022 was RMB17.73 (US$2.57), compared to RMB10.75 for the full year of 2021.
l Operating cash flow for the full year of 2022 was RMB57.8 billion (US$8.4 billion), compared to RMB42.3 billion for the full year of 2021. Free cash flow, which excludes the impact from JD Baitiao receivables included in the operating cash flow, for the full year of 2022 was RMB35.6 billion (US$5.2 billion), compared to RMB26.2 billion for the full year of 2021.