JD.com - 1000 % von 2017 bis 2027

https://youtu.be/WBuqMPGF7Og  

lz mindestens  4 jahre  

 

Wer oder was ist sp?
Wer oder was ist lz?  

mMn  

Dann wäre dass das Sognal dass er sich für die nächsten 4 Jahre von der Börse abwendet um erst mal auf Nummer sicher zu gehen. Das wäre ja ein riesiger Verlust für das Forum - er liefert ständig fundierte Beiträge die uns allen helfen.
 

Bei 4,45% Tagesverlust habe ich mir gerade zum Kurs von 24,70 EUR nochmal ein paar Stücke ins Depot gelegt. Heute schlechte Stimmung, weil im zweiten Quartal "nur" 4,7% Wirtschaftswachstum trotz massiver Immobilienkrise, US-Embargos, Sonderzöllen etc.. Wenn Deutschland auch nur die Hälfte davon schaffen würde (aktuell 0,2%) würden Habeck und Lindner den Nobelpreis bekommen ;-). Spaß beiseite. Aktuell ist die Stimmung was China angeht auf einem absoluten Tiefpunkt und die nach dem gestrigen Anschlag auf Trump nun ziemlich sichere Wahl von Trump lässt nichts gutes erahnen. Da wird schon der nächste massive Handelskrieg mit weiteren gegenseitig auferlegten Zöllen etc. eingepreist. Ich denke hier eher antizyklisch und sehe insbesondere das verfehlte Ziel beim Wirtschaftswachstum als Chance, weil sich nun die allmächtige Partei auf ihrem anstehenden Parteitag etwas einfallen lassen muss, um die Wirtschaft (insbesondere die Inlandsnachfrage und damit den Konsum) wieder in Schwung zu bringen. Von diesen Maßnahmen könnten JD, Alibaba und Co ggf. überproportional profitieren. Wenn in der Folge dann die Umsätze und Gewinne wieder anziehen, werden die Bewertungen irgendwann so preiswert sein, dass auch die großen westlichen Investoren wieder nach und nach einsteigen. Wenn es dann soweit ist, werde ich mich hoffentlich im Nachhinein über die heutigen Kaufkurse freuen können.  

das schnaeppchen  auch baidu und byd.sprechen uns in 2 jahren  

weiter so  

Im Artikel (siehe Link unten anbei) steht, dass die Chinesische Führung nun endlich erkannt hat, dass der durch die fallenden Immobilien- und Aktienpreise stark gebremste Konsum Impulse von außen benötigt um wieder in die Spur zu kommen. Der Fokus der staatlichen Maßnahmen soll demnach auf der Ankurbelung des Konsums liegen (hört hört). Eigentlich müssten nach solch einer Ankündigung die Konsumwerte wie JD und Alibaba durch die Decke gehen. Es passiert allerdings eher das Gegenteil wie wir an den heutigen Kursen ablesen können. Woran das wohl liegen mag. Ich denke mal, die Probleme sind richtig benannt aber dem Markt fehlt einfach mittlerweile der Glaube, dass die KP ihrem üblichen Wortgeschwurbel auch mal konkrete, wirksame Maßnahmen folgen lässt. Auch nach den letzten großen Ankündigungen nach Parteitagen folgten statt Initialzündungen leider immer nur Fehlzündungen und Rohrkrepierer. Die Immobilienindustrie als der Wachstumsmotor früherer Jahre liegt völlig am Boden und der Aktienmarkt ebenso. Um hier einem echten Umschwung hinzukriegen müsste der Staat richtig klotzen statt zu kleckern und dafür fehlen vermutlich sowohl die Mittel als auch der politische Wille. Wenn da nicht mehr kommt, kann das noch eine laaaaange Talsohle werden bevor es wieder aufwärts geht. Das einzig Gute ist, dass den langfristig denkenden Anlegern noch eine langes Zeitfenster bleibt um den ein oder anderen Chinatitel günstig einzusammeln. Irgendwann findet jeder Bärenmarkt sein Ende, die Frage ist nur wann.

https://www.onvista.de/news/2024/...snachfrage-staerken-0-20-26296653  

JD.com to Report Second Quarter and Interim 2024 Financial Results on August 15, 2024

BEIJING, Aug. 15, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three and six months ended June 30, 2024.

Second Quarter 2024 Highlights

   Net revenues were RMB291.4 billion (US$140.1 billion) for the second quarter of 2024, an increase of 1.2% from the second quarter of 2023.
   Income from operations was RMB10.5 billion (US$1.4 billion) for the second quarter of 2024, compared to RMB8.3 billion for the second quarter of 2023. Non-GAAP2 income from operations was RMB11.6 billion (US$1.6 billion) for the second quarter of 2024, compared to RMB8.7 billion for the second quarter of 2023. Operating margin of JD Retail before unallocated items was 3.9% for the second quarter of 2024, compared to 3.2% for the second quarter of 2023.
   Net income attributable to the Company’s ordinary shareholders was RMB12.6 billion (US$1.7 billion) for the second quarter of 2024, compared to RMB6.6 billion for the second quarter of 2023. Net margin attributable to the Company's ordinary shareholders was 4.3% for the second quarter of 2024, compared to 2.3% for the second quarter of 2023. Non-GAAP net income attributable to the Company’s ordinary shareholders was RMB14.5 billion (US$2.0 billion) for the second quarter of 2024, compared to RMB8.6 billion for the second quarter of 2023. Non-GAAP net margin attributable to the Company's ordinary shareholders was 5.0% for the second quarter of 2024, compared to 3.0% for the second quarter of 2023.
   Diluted net income per ADS was RMB8.19 (US$1.13) for the second quarter of 2024, an increase of 97.3% from RMB4.15 for the second quarter of 2023. Non-GAAP diluted net income per ADS was RMB9.36 (US$1.29) for the second quarter of 2024, an increase of 73.7% from RMB5.39 for the second quarter of 2023.
   Operating cash flow for the twelve months ended June 30, 2024 was RMB74.0 billion (US$10.2 billion), an increase of 40.9% from RMB52.5 billion for the twelve months ended June 30, 2023. Free cash flow, which excludes the impact from consumer financing receivables included in the operating cash flow, for the twelve months ended June 30, 2024 was RMB55.6 billion (US$7.7 billion), an increase of 66.2% from RMB33.5 billion for the twelve months ended June 30, 2023.

“We remained committed to the sustainable and high-quality growth of our business in the second quarter,” said Sandy Xu, Chief Executive Officer of JD.com. “Our steadfast efforts to strengthen supply chain capabilities and user experience continue to distinguish JD in China's e-commerce industry, as we leverage our growing economies of scale and procurement efficiencies to bring users everyday low prices without sacrificing quality. Combined with our progress in building a thriving platform ecosystem, these efforts have led to favorable response from users, with robust user base expansion and user engagement improvement in the quarter.  Going forward, we will continue to focus on our own strengths to enhance user experience, price competitiveness and platform ecosystem, which we believe are the fundamentals to ensure sustainable growth in the years to come.”

“In the second quarter, our total revenues increased by 1.2% year-on-year, as we navigated a high base in our electronics and home appliances category from last year, while growth in our general merchandise category, particularly supermarket, remained robust,” said Ian Su Shan, Chief Financial Officer of JD.com. “We continued to enhance price competitiveness during the promotional season through our supply chain and disciplined approach, as opposed to reliance on subsidies. As such, our gross margin substantially increased by 137bps year-on-year to 15.8%, contributing to our record-high operating and net profit on a non-GAAP basis in the quarter. These high-quality results, coupled with our accelerated share repurchase, highlight JD's commitment to creating long-term value for our shareholders.”

Updates of Share Repurchase Program

The Company repurchased a total of 136.8 million Class A ordinary shares (equivalent of 68.4 million ADSs) for a total of US$2.1 billion during the three months ended June 30, 2024. The Company repurchased a total of 224.3 million Class A ordinary shares (equivalent of 112.2 million ADSs) for a total of US$3.3 billion during the six months ended June 30, 2024. All of these ordinary shares were repurchased from both Nasdaq and the Hong Kong Stock Exchange pursuant to the Company's share repurchase programs publicly announced.

The total number of ordinary shares repurchased by the Company for the three months ended June 30, 2024 amounted to approximately 4.5% of its ordinary shares outstanding as of March 31, 20243. The total number of shares repurchased by the Company for the six months ended June 30, 2024 amounted to approximately 7.1% of its ordinary shares outstanding as of December 31, 20234.

The Company issued certain convertible senior notes due 2029 with an aggregate principal amount of US$2.0 billion in May 2024 (the “Notes”). The maximum number of shares deliverable upon conversion of the Notes is approximately 87.5 million Class A ordinary shares (or 43.8 million ADSs). As the Company repurchased a total of 136.8 million Class A ordinary shares (equivalent of 68.4 million ADSs) for the three months ended June 30, 2024, the potential dilution to the Company’s shareholders upon the conversion of the Notes could be deemed to have been fully offset.

Pursuant to the Company's US$3.0 billion share repurchase program which was approved in March 2024, the Company had repurchased a total of approximately US$2.6 billion and the remaining amount was approximately US$0.4 billion as of June 30, 2024.

Business Highlights

   JD Retail:
   In the second quarter, JD.com entered into strategic partnership agreements with multiple brands, including Xiaomi, Lenovo and OPPO, to further deepen cooperation with a focus on smart devices, intelligent supply chain, and AI technology integration. JD.com and these brands have established three-year sales targets and will work closely to maximize their respective strengths and identify new markets for growth.

   In the second quarter, JD.com officially onboarded the luxury fashion brand MONCLER and American luxury lifestyle brand alexanderwang. JD.com also established a strategic partnership with Inditex, one of the world's largest fashion retailers, with Massimo Dutti as the first of Inditex's brands launching a flagship store on JD.com. JD.com will continue to carry out diversified and deepened cooperation with fashion brands and provide users with more enriched and convenient online shopping experience.
   JD Health: In the second quarter, JD Health partnered with a number of pharmaceutical companies to debut their new and specialty drugs online, including Sinqi Pharmaceutical, Sanofi and GeneScience, among others. In addition, in June, JD Health sold the first domestic order of Leqembi®, a targeted drug for Alzheimer's disease treatment, highlighting JD Health's advanced omni-channel supply chain and professional service capabilities in the pharmaceutical field.
   JD Logistics: In the second quarter, JD Logistics continued to optimize its network layout, algorithm-based vehicle scheduling capabilities and product structure to achieve cost reduction and efficiency gains, resulting in a significant improvement in profitability.

Environment, Social and Governance

   In the second quarter, JD Logistics continued to leverage its Supply Chain Emission Management Platform (SCEMP) to provide customers with data monitoring, reporting and verification of carbon emissions in the logistics transportation process, enabling more valid and accurate carbon reduction efforts through big data computing. By the end of June, over 25 customers around the world had used the platform to steer towards their carbon reduction targets.
   Driven by JD.com’s unwavering commitment and unremitting efforts to creating more jobs and making contribution to the society, the Company's total expenditure for human resources, including both its own employees and external personnel who work for the Company, amounted to RMB109.2 billion for the twelve months ended June 30, 2024.

Second Quarter 2024 Financial Results

Net Revenues.  Net revenues increased by 1.2% to RMB291.4 billion (US$40.1 billion) for the second quarter of 2024 from RMB287.9 billion for the second quarter of 2023. Net product revenues remained stable, while net service revenues increased by 6.3% for the second quarter of 2024, compared to the second quarter of 2023.

Cost of Revenues.  Cost of revenues decreased by 0.4% to RMB245.5 billion (US$33.8 billion) for the second quarter of 2024 from RMB246.5 billion for the second quarter of 2023.

Fulfillment Expenses.  Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 3.2% to RMB17.2 billion (US$2.4 billion) for the second quarter of 2024 from RMB16.7 billion for the second quarter of 2023. Fulfillment expenses as a percentage of net revenues was 5.9% for the second quarter of 2024, compared to 5.8% for the second quarter of 2023.

Marketing Expenses.  Marketing expenses increased by 7.3% to RMB11.9 billion (US$1.6 billion) for the second quarter of 2024 from RMB11.1 billion for the second quarter of 2023. Marketing expenses as a percentage of net revenues was 4.1% for the second quarter of 2024, compared to 3.8% for the second quarter of 2023, mainly due to the increased spending in promotion activities.

Research and Development Expenses.  Research and development expenses increased by 3.6% to RMB4.2 billion (US$0.6 billion) for the second quarter of 2024 from RMB4.1 billion for the second quarter of 2023. Research and development expenses as a percentage of net revenues remained stable at 1.4% for the second quarter of 2024 and 2023.

General and Administrative Expenses.  General and administrative expenses decreased by 9.6% to RMB2.1 billion (US$0.3 billion) for the second quarter of 2024 from RMB2.4 billion for the second quarter of 2023, primarily due to a decrease in share-based compensation expenses. General and administrative expenses as a percentage of net revenues was 0.7% for the second quarter of 2024, compared to 0.8% for the second quarter of 2023.

Income from Operations and Non-GAAP Income from Operations. Income from operations increased by 27.0% to RMB10.5 billion (US$1.4 billion) for the second quarter of 2024 from RMB8.3 billion for the second quarter of 2023. Operating margin was 3.6% for the second quarter of 2024, compared to 2.9% for the second quarter of 2023. Non-GAAP income from operations increased by 33.7% to RMB11.6 billion (US$1.6 billion) for the second quarter of 2024 from RMB8.7 billion for the second quarter of 2023. Non-GAAP operating margin was 4.0% for the second quarter of 2024, compared to 3.0% for the second quarter of 2023. Operating margin of JD Retail before unallocated items was 3.9% for the second quarter of 2024, compared to 3.2% for the second quarter of 2023.

Non-GAAP EBITDA.  Non-GAAP EBITDA increased by 30.1% to RMB13.5 billion (US$1.9 billion) for the second quarter of 2024 from RMB10.4 billion for the second quarter of 2023. Non-GAAP EBITDA margin was 4.6% for the second quarter of 2024, compared to 3.6% for the second quarter of 2023.

Others, net.  Other non-operating income was RMB4.7 billion (US$0.6 billion) for the second quarter of 2024, compared to RMB1.2 billion for the second quarter of 2023. The increase was primarily due to increase in government subsidies and decrease in investment related loss.

Net Income Attributable to the Company's Ordinary Shareholders and Non-GAAP Net Income Attributable to the Company's Ordinary Shareholders. Net income attributable to the Company's ordinary shareholders increased by 92.1% to RMB12.6 billion (US$1.7 billion) for the second quarter of 2024 from RMB6.6 billion for the second quarter of 2023. Net margin attributable to the Company's ordinary shareholders was 4.3% for the second quarter of 2024, compared to 2.3% for the second quarter of 2023. Non-GAAP net income attributable to the Company's ordinary shareholders increased by 69.0% to RMB14.5 billion (US$2.0 billion) for the second quarter of 2024 from RMB8.6 billion for the second quarter of 2023. Non-GAAP net margin attributable to the Company's ordinary shareholders was 5.0% for the second quarter of 2024, compared to 3.0% for the second quarter of 2023.

Diluted EPS and Non-GAAP Diluted EPS.  Diluted net income per ADS increased by 97.3% to RMB8.19 (US$1.13) for the second quarter of 2024 from RMB4.15 for the second quarter of 2023. Non-GAAP diluted net income per ADS increased by 73.7% for the second quarter of 2024 to RMB9.36 (US$1.29) from RMB5.39 for the second quarter of 2023.

Cash Flow and Working Capital

As of June 30, 2024, the Company's cash and cash equivalents, restricted cash and short-term investments totaled RMB209.5 billion (US$28.8 billion), compared to RMB197.7 billion as of December 31, 2023. For the second quarter of 2024, free cash flow of the Company was as follows:
For the three months ended
June 30,
      2023§June 30,
      2024§June 30,
2024
RMB RMB US$
(In millions)

Net cash provided by operating activities 46,511 50,738 6,982
Add: Impact from consumer financing receivables included in the operating cash flow 1,586 2,138 294
Less: Capital expenditures, net of related sales proceeds
Capital expenditures for development properties (2,363 ) (1,590 ) (219 )
Other capital expenditures* (1,244 ) (1,731 ) (238 )
Free cash flow 44,490 49,555 6,819


* Including capital expenditures related to the Company's headquarters in Beijing and all other CAPEX.

Net cash used in investing activities was RMB38.5 billion (US$5.3 billion) for the second quarter of 2024, consisting primarily of net cash paid for purchase of time deposits and wealth management products, and cash paid for capital expenditures.

Net cash used in financing activities was RMB9.0 billion (US$1.2 billion) for the second quarter of 2024, consisting primarily of cash paid for repurchase of ordinary shares and cash paid for dividends, partially offset by the net proceeds from issuance of convertible senior notes.

For the twelve months ended June 30, 2024, free cash flow of the Company was as follows:
For the twelve months ended
June 30,
      2023§June 30,
      2024§June 30,
2024
RMB RMB US$
(In millions)

Net cash provided by operating activities 52,541 74,040 10,188
Add/(Less): Impact from consumer financing receivables included in the operating cash flow 692 (639 ) (88 )
Less: Capital expenditures, net of related sales proceeds
Capital expenditures for development properties (14,390 ) (10,559 ) (1,453 )
Other capital expenditures (5,372 ) (7,200 ) (990 )
Free cash flow 33,471 55,642 7,657


Supplemental Information

From the first quarter of 2024, the Company started to report three segments, JD Retail, JD Logistics and New Businesses, to reflect changes made to the reporting structure whose financial information is reviewed by the chief operating decision maker of the Company under its ongoing operating strategies. JD Retail, including JD Health and JD Industrials, among other components, mainly engages in online retail, online marketplace and marketing services in China. JD Logistics includes both internal and external logistics businesses. New Businesses mainly include Dada, JD Property, Jingxi and overseas businesses.

The table below sets forth the segment operating results, with prior period segment information retrospectively recast to conform to the current period presentation:
For the three months ended For the six months ended
June 30,
      2023§June 30,
      2024§June 30,
      2024§ June 30,
      2023§June 30,
      2024§June 30,
2024
RMB RMB US$ RMB RMB US$
(In millions, except percentage data)
Net revenues:
JD Retail 253,280 257,072 35,374 465,638 483,907 66,588
JD Logistics 41,033 44,207 6,083 77,761 86,344 11,881
New Businesses 7,127 4,636 638 13,153 9,506 1,308
Inter-segment eliminations* (13,509 ) (14,518 ) (1,997 ) (25,665 ) (28,311 ) (3,896 )
Total consolidated net revenues 287,931 291,397 40,098 530,887 551,446 75,881
Operating income/(loss):
JD Retail 8,143 10,108 1,391 17,987 19,433 2,674
JD Logistics 510 2,183 300 (613 ) 2,407 331
New Businesses 1,032 (695 ) (95 ) 658 (1,365 ) (187 )
Including: gain on sale of development properties 1,009 — — 1,481 — —
Total segment operating income 9,685 11,596 1,596 18,032 20,475 2,818
Unallocated items** (1,415 ) (1,095 ) (150 ) (3,335 ) (2,274 ) (313 )
Total consolidated operating income 8,270 10,501 1,446 14,697 18,201 2,505

YoY% change of net revenues:
JD Retail 4.9 % 1.5 % 1.4 % 3.9 %
JD Logistics 31.2 % 7.7 % 32.6 % 11.0 %
New Businesses (16.6 )% (35.0 )% (12.2 )% (27.7 )%

Operating margin:
JD Retail 3.2 % 3.9 % 3.9 % 4.0 %
JD Logistics 1.2 % 4.9 % (0.8 )% 2.8 %
New Businesses 14.5 % (15.0 )% 5.0 % (14.4 )%


* The inter-segment eliminations mainly consist of revenues from supply chain solutions and logistics services provided by JD Logistics to JD Retail, on-demand delivery and retail services provided by Dada to JD Retail and JD Logistics, and property leasing services provided by JD Property to JD Logistics.
** Unallocated items include share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, and impairment of goodwill and intangible assets, which are not allocated to segments.

The table below sets forth the revenue information:
For the three months ended
June 30,
      2023§ June 30,
      2024§ June 30,
      2024§ YoY%
Change
RMB RMB US$
(In millions, except percentage data)
Electronics and home appliances revenues 152,131 145,061 19,961 (4.6 )%
General merchandise revenues 81,724 88,847 12,226 8.7 %
Net product revenues 233,855 233,908 32,187 0.0 %
Marketplace and marketing revenues 22,509 23,425 3,223 4.1 %
Logistics and other service revenues 31,567 34,064 4,688 7.9 %
Net service revenues 54,076 57,489 7,911 6.3 %
Total net revenues 287,931 291,397 40,098 1.2 %



For the six months ended
June 30,
      2023§ June 30,
      2024§ June 30,
      2024§ YoY%
Change
RMB RMB US$
(In millions, except percentage data)
Electronics and home appliances revenues 269,130 268,273 36,915 (0.3 )%
General merchandise revenues 160,289 174,143 23,963 8.6 %
Net product revenues 429,419 442,416 60,878 3.0 %
Marketplace and marketing revenues 41,571 42,714 5,878 2.7 %
Logistics and other service revenues 59,897 66,316 9,125 10.7 %
Net service revenues 101,468 109,030 15,003 7.5 %
Total net revenues 530,887 551,446 75,881 3.9 %


Recent Development

The Company has appointed Ms. Grace Kun Ding and Ms. Jennifer Ngar-Wing Yu as independent directors of the board of directors of the Company, effective from August 14, 2024. Ms. Ding serves as a member of the nomination committee and the compensation committee of the board, and Ms. Yu serves as a member of the ESG committee of the board.

Ms. Grace Kun Ding has more than 15 years of experience in strategic investment and branding consultancy. Since 2010, she has focused on retail chain branding and strategic investments in Europe and the Middle East. She is currently a strategic consulting service provider for cooperative retail suppliers on the British Land platform and an independent investor. Ms. Ding served as a strategic officer of Admire Elite. Ltd from March 2018 to March 2022 and has served as its Company Director since June 2022. Ms. Ding is well recognized in the fields of business and art. She studied at Central St. Martin's College of Art in London and the University of London, majored in Philosophy and Art History. She subsequently obtained an EMBA degree from the London Business School. Over the years, Ms. Ding has been providing consulting services, particularly in branding strategics to international clients. She has also provided consulting services to a number of private art galleries.

Ms. Jennifer Ngar-Wing Yu served as an independent non-executive Director and a member of the Audit Committee and a member of the Nomination Committee of JD Logistics, Inc. from September 2022 to August 2024. Ms. Yu has been the Deputy Vice Chairwoman of CTF Education Group (“CTFEG”) since May 2019 and the Group President of CTFEG since February 2021. Prior to her career in education, Ms. Yu worked in investment banking specializing in alternative investments structuring, origination and distribution to Asian institutional investors, corporates, private equity and fund managers. From 2005 to 2009, Ms. Yu worked at Goldman Sachs Asia LLC (“Goldman Sachs”) and served as the Executive Director before co-founding ARCH Education Group in 2009 where she continues to serve as Director. Prior to joining Goldman Sachs, Ms. Yu worked at J.P. Morgan Securities (Asia Pacific) Limited from 2003 to 2005. Ms. Yu has been committed to promoting educational development for more than a decade. She currently serves in the Dean’s Advisory Group at Harvard Graduate School of Education, and on the Board of Visitors of the Fu Foundation School of Engineering and Applied Science of Columbia University. She is also a member of the Council of The Hong Kong University of Science and Technology (HKUST), a member of the Courts of The University of Hong Kong, and a member of the Courts of Lingnan University. Ms. Yu received her Master of Education from Harvard University in May 2022 and graduated magna cum laude from Columbia University with a Bachelor of Science in Operations Research and a minor in Economics in May 2003.

Conference Call

JD.com's management will hold a conference call at 8:00 am, Eastern Time on August 15, 2024, (8:00 pm, Beijing/Hong Kong Time on August 15, 2024) to discuss its financial results for the three months and six months ended June 30, 2024.

Please register in advance of the conference using the link provided below and dial in 15 minutes prior to the call, using participant dial-in numbers, the Passcode and unique access PIN which would be provided upon registering. You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.

PRE-REGISTER LINK: https://s1.c-conf.com/diamondpass/10041042-4s9g2b.html

CONFERENCE ID: 10041042

A telephone replay will be available for one week until August 22, 2024. The dial-in details are as follows:
       US:+1-855-883-1031
International: +61-7-3107-6325§
Hong Kong: 800-930-639
Mainland China: 400-120-9216
 Passcode:  10041042§


Additionally, a live and archived webcast of the conference call will also be available on the JD.com's investor relations website at http://ir.jd.com.

About JD.com

JD.com is a leading supply chain-based technology and service provider. The Company's cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

Non-GAAP Measures

In evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP income/(loss) from operations, non-GAAP operating margin, non-GAAP net income/(loss) attributable to the Company's ordinary shareholders, non-GAAP net margin attributable to the Company's ordinary shareholders, free cash flow, non-GAAP EBITDA, non-GAAP EBITDA margin, non-GAAP net income/(loss) per share and non-GAAP net income/(loss) per ADS, as supplemental measures to review and assess operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company defines non-GAAP income/(loss) from operations as income/(loss) from operations excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, gain on sale of development properties and impairment of goodwill and long-lived assets. The Company defines non-GAAP net income/(loss) attributable to the Company's ordinary shareholders as net income/(loss) attributable to the Company's ordinary shareholders excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements and non-compete agreements, gain/(loss) on disposals/deemed disposals of investments and others, reconciling items on the share of equity method investments, loss/(gain) from fair value change of long-term investments, impairment of goodwill, long-lived assets and investments, gain in relation to sale of development properties and tax effects on non-GAAP adjustments. The Company defines free cash flow as operating cash flow adjusting the impact from consumer financing receivables included in the operating cash flow and capital expenditures, net of the proceeds from sale of development properties. Capital expenditures include purchase of property, equipment and software, cash paid for construction in progress, purchase of intangible assets and land use rights. The Company defines non-GAAP EBITDA as non-GAAP income/(loss) from operations plus depreciation and amortization excluding amortization of intangible assets resulting from assets and business acquisitions. Non-GAAP basic net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company's ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods. Non-GAAP diluted net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company's ordinary shareholders by the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the periods, including the dilutive effect of share-based awards as determined under the treasury stock method. Non-GAAP net income/(loss) per ADS is equal to non-GAAP net income/(loss) per share multiplied by two.

The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. Non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to the Company's ordinary shareholders and non-GAAP EBITDA reflect the Company's ongoing business operations in a manner that allows more meaningful period-to-period comparisons. Free cash flow enables management to assess liquidity and cash flow while taking into account the impact from consumer financing receivables included in the operating cash flow and the demands that the expansion of fulfillment infrastructure and technology platform has placed on financial resources. The Company believes that the use of the non-GAAP financial measures facilitates investors to understand and evaluate the Company's current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gain/loss and other items that are not expected to result in future cash payments or that are non-recurring in nature or may not be indicative of the Company's core operating results and business outlook.

The non-GAAP financial measures have limitations as analytical tools. The Company's non-GAAP financial measures do not reflect all items of income and expense that affect the Company's operations or not represent the residual cash flow available for discretionary expenditures. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company's financial information in its entirety and not rely on a single financial measure  

Kann mich in letzter Zeit kaum ein einen größeren Kurssprung auf Tagesbasis erinnern bei JD. Alibaba heute auch stark. Das kann gerne so weiter gehen. Hoffe mal, dass wir hier den Boden gefunden haben und es nun nachhaltig nach oben geht. Es wird sicherlich immer wieder mal Rücksetzer geben aber langfristig ist das Potenzial enorm - wenn die Politiker es nicht wieder versauen.  

Da täsucht Dich Deine Wahrnehmung/Erinnerung.
Nach den Q1 Zahlen startete schon mal ein Aufschwung bei JD.com bis 32 Euro.
Da sind wir noch weit entfernt - wenn mir die letzen 1,5 Tage natürlich auch gefallen haben.

Die Politik ist auch nicht alles schuld. Kurse von 40-50 Euro sind für mich bei JD.com am Ende indiskutabel.
Wir waren schon deutlich über 80 Euro und da waren die Gewinne nicht wie jetzt. Kommt alles wieder.

Meine deutlich gröste Position im Depot.  

Jetzt nur noch den Abwärtstrend brechen (wir sind grade dabei  :-) ) und dann müsste die Aktie sich in Richtung 48 $ bewegen.

EUR/HKD (Euro / Hong Kong Dollar) 8,62843
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KZ bezieht sich auf die ADR in US$

JD hat aber anscheinend sein komplettes Buyback genutzt um diese aufzusaugen. Preirange war 24,85-25,85 USD. Hab über Interactiv welche für nen Trade zu 25, 20 gestern bekommen, da der Blocktrade bereits abgeschlossen zu sein scheint könnte man sich heute wieder erholen.

Andererseits könnte der Verkauf auch für Druck sorgen, weil man Vertrauen eines großen Investors nicht mehr hat. Gerade bei den Ammis dumpen die ja alles nur weil Person xyz verkauft.

Grüße.  

Walmart war über 3,6 Mrd. Dollar. Finde, kein cleverer Schachzug von denen. Hat Walmart
das Geld so bitter nötig, um seine Beteiligung zu solch günstigen Kursen abzustoßen?  

Die News werden Timo wohl nicht gefallen :-)

#buythedip  

Du schreibst, "JD hat anscheinend sein komplettes Buyback genutzt, um diese aufzusaugen". Ist das nur Deine Vermutung oder gab es dazu eine Veröffentlichung/Quelle? Wenn das wirklich der Fall wäre, würde ich das mittel bis langfristig als positive Nachricht werten, für den Fall, dass JD die per Buyback eingezogenen Aktien auch tatsächlich vernichtet und sich die Anzahl der im Umlauf befindlichen (und somit dividendenberechtigten) Aktien tatsächlich verringert. Damit würde der zukünftige Gewinn/Aktie ja rein rechnerisch ansteigen (bei unterstellt mindestens gleichbleibendem Gesamtgewinn bzw. mindestens gleichbleibender Gesamtdividende). Oder mache ich hier einen Denkfehler?  

Hallo,

es geht heute erneut massiv abwärts. Kein Problem langfristig, doch ich wundere mich warum es überhaupt runtergeht wenn JD die Aktien selber vom Markt genommen hat. Das ist doch eher ein Zeichen der Stärke und man braucht Warlmart nicht mehr. Müsste es nicht hochgehen?

Grüße koeln2999  

Der Markt nimmt den Verkauf der Walmart-Anteile natürlich erstmal als Negativsignal war. Walmart ist 2016 zu einem ähnlichen Kursniveau eingestiegen, auf dem wir aktuell gerade stehen. D.h., ca. 8 Jahre waren hier über 3 Mrd. $ gebunden ohne irgendeine Rendite zu erzielen, während sich der Kurs von Walmart seit 2016 so ungefähr verdreifacht hat. Insofern ist die Entscheidung das Geld aus JD rauszuziehen und lieber direkt im Walmart-Konzern zu investieren erstmal nachvollziehbar. Auf JD bezogen wird das erstmal negativ gewertet. Der Markt muss ja davon ausgehen, dass Walmart über seine hohe Beteiligung einen entsprechend tiefen Insider-Einblick in die Geschäfte von JD hat, da WM vermutlich auch einen Vertreter im Aufsichtsrat von JD hatte und somit über alle wichtigen Entwicklungen im Bild war. Wenn die jetzt komplett rausgehen, ist das ein Signal, dass sie nicht wirklich von einer nachhaltig positiven Entwicklung bei JD überzeugt sind. So würde ich das jedenfalls als außenstehender Marktteilnehmer interpretieren. Im Nachgang werden sie sich natürlich ärgern, nicht 2020/2021 bei Kursen zwischen 80-100$ ausgestiegen zu sein aber nachher ist man immer schlauer. Und falls JD in 2-3 Jahren wieder bei 60 oder 80 $ stehen sollte, werden sie sich vielleicht nochmal ärgern. Das hängt natürlich insbesondere davon ab, was sie mit dem Verkaufserlös anstellen und wie sich diese Investition im Vergleich zur JD-Entwicklung der nächsten Jahre schlägt.  

 

Das der nach den Zahlen hochgelaufene Kurs jetzt auch aufgrund des Walmart-Verkaufs wieder unter die 25 EUR abgesackt ist, ist aus meiner Sicht für noch nicht oder nur geringfügig investierte Anleger eine gute Chance hier nochmal zu gemessen am Chancen-Risiko-Verhältnis relativ günstigen Kursen einzusteigen. Die erst kürzlich vorgelegten Zahlen, denen ein Kursanstieg von unter 23 EUR auf fast 27 EUR folgte, haben sich ja durch den Ausstieg von Walmart nicht grundsätzlich verschlechtert. Wenn auf einen Schlag Shares von mehr als 5% der Marktkapitalisierung auf den Markt kommen, bleibt das eben nicht ohne technische Reaktion, auch wenn der Verkauf in Blöcken im Bieterverfahren überwiegend an institutionelle Investoren (oder per Aktienrückkauf an JD selbst) erfolgt.
Ich selbst werde allerdings aktuell hier nicht nachkaufen, da mein letzter Nachkauf noch nicht lange zurückliegt und ungefähr auf dem aktuellen Niveau (zu 24,70 EUR) erfolgt ist. Zudem ist JD schon jetzt meine zweitgrößte Einzelposition und deshalb möchte ich hier einfach aus Risikodiversifikationsgründen nicht weiter aufstocken. Meinen jetzigen Bestand sehe ich als langfristiges Basisinvestment China (ebenso wie Alibaba). Zusätzlich habe ich noch byd auf der Watchlist, weil ich aktuell im Bereich Elektromobilität noch gar nichts im Depot habe und ich Werte wie Tesla wegen der aus meiner Sicht immer noch abstrus hohen Bewertung aktuell nicht kaufen würde.