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JD.com 9618.HK · HKD

Consumer Discretionary · HKEX · 🇭🇰 Hong Kong

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112.30

-0.88%

Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥1.52trn

FY2016FY2025

Net income

CN¥22.86bn

FY2016FY2025

Free cash flow

CN¥5.60bn

FY2016FY2025

Shareholders' equity

CN¥262.20bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥1.52trnCN¥1.35trnCN¥1.26trnCN¥1.22trnCN¥1.11trnCN¥868.39bnCN¥671.71bnCN¥537.96bnCN¥421.89bnCN¥302.88bn
Gross profitCN¥141.88bnCN¥132.09bnCN¥185.95bnCN¥171.25bnCN¥150.28bnCN¥127.04bnCN¥98.30bnCN¥76.79bnCN¥59.17bnCN¥45.90bn
Research and developmentCN¥25.88bnCN¥19.83bnCN¥19.09bnCN¥19.67bnCN¥19.02bnCN¥18.80bnCN¥17.02bnCN¥14.14bnCN¥7.75bnCN¥6.27bn
Operating incomeCN¥3.23bnCN¥45.10bnCN¥30.30bnCN¥22.96bnCN¥4.82bnCN¥14.37bnCN¥10.47bn−CN¥3.05bn−CN¥972.8m−CN¥2.50bn
Net incomeCN¥22.86bnCN¥48.16bnCN¥28.14bnCN¥12.09bn−CN¥4.15bnCN¥57.53bnCN¥14.19bn−CN¥2.90bnCN¥149.9m−CN¥2.33bn
Diluted earnings per share8.1315.848.893.80-1.3317.954.76-1.000.05-0.82

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥809.99bnCN¥813.00bnCN¥732.34bnCN¥693.09bnCN¥578.12bnCN¥491.70bnCN¥43.41bnCN¥243.55bnCN¥214.31bnCN¥186.73bn
Cash and short-term investmentsCN¥262.58bnCN¥272.46bnCN¥221.40bnCN¥256.11bnCN¥215.79bnCN¥170.77bnCN¥10.78bnCN¥42.26bnCN¥39.91bnCN¥31.37bn
Total liabilitiesCN¥467.70bnCN¥448.21bnCN¥387.24bnCN¥373.91bnCN¥290.77bnCN¥233.65bnCN¥26.59bnCN¥154.09bnCN¥153.31bnCN¥138.74bn
DebtCN¥97.12bnCN¥64.06bnCN¥47.00bnCN¥42.38bnCN¥13.75bnCN¥15.79bnCN¥10.05bnCN¥14.42bnCN¥23.81bnCN¥20.26bn
Shareholders' equityCN¥262.20bnCN¥278.69bnCN¥269.97bnCN¥248.44bnCN¥243.25bnCN¥218.37bnCN¥13.68bnCN¥69.60bnCN¥60.59bnCN¥39.46bn
Shares outstanding2,811m3,041m3,166m3,178m3,111m3,205m2,980m2,895m2,849m2,834m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥22.11bnCN¥67.64bnCN¥69.30bnCN¥67.32bnCN¥49.25bnCN¥49.54bnCN¥28.85bnCN¥24.31bnCN¥28.90bnCN¥10.21bn
Capital spending−CN¥16.52bn−CN¥16.09bn−CN¥23.30bn−CN¥25.59bn−CN¥21.62bn−CN¥8.93bn−CN¥4.09bn−CN¥24.88bn−CN¥13.22bn−CN¥5.19bn
Free cash flowCN¥5.60bnCN¥51.55bnCN¥46.00bnCN¥41.73bnCN¥27.64bnCN¥40.61bnCN¥24.76bn−CN¥568.3mCN¥15.68bnCN¥5.01bn
Dividends paid−CN¥12.09bn−CN¥9.62bn−CN¥7.85bn−CN¥15.24bn−CN¥72.2m−CN¥25.91bn−CN¥130.6m−CN¥11.45bn——

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥402.20bnCN¥365.36bnCN¥410.19bnCN¥348.22bnCN¥415.28bnCN¥350.57bnCN¥404.02bnCN¥303.19bn
Gross profitCN¥68.54bnCN¥61.05bn−CN¥12.93bnCN¥33.15bnCN¥65.95bnCN¥55.71bnCN¥38.42bnCN¥33.49bn
Operating incomeCN¥4.81bnCN¥9.00bn−CN¥6.81bnCN¥7.72bnCN¥8.55bnCN¥16.23bnCN¥9.89bnCN¥14.82bn
Net incomeCN¥8.28bnCN¥5.90bn−CN¥3.16bnCN¥6.14bnCN¥7.19bnCN¥12.68bnCN¥11.47bnCN¥13.66bn
Diluted earnings per share2.942.10-1.122.192.564.513.774.49
Cash from operations—CN¥646.0mCN¥24.31bn−CN¥9.36bnCN¥28.42bn−CN¥21.26bnCN¥28.98bn−CN¥7.24bn
Capital spending—−CN¥5.89bn—−CN¥3.02bn−CN¥3.53bn−CN¥2.70bn—−CN¥6.24bn
Free cash flow—−CN¥5.25bn—−CN¥12.38bnCN¥24.89bn−CN¥23.97bn—−CN¥13.48bn
Total assetsCN¥844.94bnCN¥795.45bnCN¥809.99bnCN¥830.81bnCN¥823.14bnCN¥789.28bnCN¥813.00bnCN¥749.34bn
Cash and short-term investmentsCN¥273.79bnCN¥250.19bnCN¥262.58bnCN¥230.86bnCN¥248.99bnCN¥226.08bnCN¥272.46bnCN¥222.27bn
DebtCN¥31.61bnCN¥97.57bnCN¥97.12bnCN¥104.17bnCN¥93.28bnCN¥79.50bnCN¥83.44bnCN¥82.91bn
Shareholders' equityCN¥255.23bnCN¥251.13bnCN¥262.20bnCN¥270.06bnCN¥264.50bnCN¥272.84bnCN¥278.69bnCN¥266.19bn

Financial ratios

Data as of 4 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin16.0%9.8%8.8%8.0%7.4%8.1%
Operating margin0.3%3.3%2.4%1.9%0.4%1.7%
Net margin1.5%3.6%2.2%1.0%-0.4%6.6%
Return on equity8.5%17.3%10.4%4.9%-1.7%26.3%
Return on assets2.7%5.9%3.8%1.7%-0.7%11.7%
Free cash flow yield10.7%21.4%22.8%22.7%18.8%15.1%
Revenue growth10.0%6.8%3.7%9.9%27.6%29.3%
Earnings growth-53.8%71.1%132.8%-391.6%-107.2%305.5%
Current ratio1.22x1.29x1.16x1.32x1.35x1.35x
Debt to equity0.37x0.30x0.24x0.23x0.10x0.11x
Equity ratio32.4%34.3%36.9%35.8%42.1%44.4%
Interest coverage1.32x13.14x9.03x9.17x3.47x11.60x
R&D as a share of sales1.7%1.5%1.5%1.6%1.7%2.2%
Buybacks as a share of market value7.6%3.9%0.4%-2.2%2.9%-7.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.8%11.9%21.9%
Operating income-48.0%-25.8%—
Net income23.7%-16.9%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin9.5%11.8%12.4%12.8%
Operating margin1.7%1.9%1.6%1.2%
Net margin2.5%2.1%2.2%1.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings12.37.911.653.1-188.516.0
Price to sales0.20.30.30.50.71.1

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 8 Apr 2026.

FY2026FY2025FY2024FY2023FY2022
Paid in the year3.420.500.380.310.63

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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