JD.com's net revenue in the fourth quarter was 352.3 billion yuan, up 1.5% year-on-year | Earnings report highlights

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JD Group announced its fourth quarter results, with net revenue meeting market expectations. Pressure on the cost side became evident, leading to a decline in operating profit margin.

Core data shows net revenue for the fourth quarter reached 352.28 billion RMB, up 1.5% year-on-year, slightly higher than Bloomberg's market estimate of 349.89 billion RMB.

Although revenue met expectations, profit is facing challenges. Execution expenses for the period were 24.29 billion RMB, up 21% year-on-year and exceeding the estimate of 23.55 billion RMB. Affected by rising costs and other factors, the adjusted operating profit margin was -0.9%, turning significantly negative compared to 3% in the same period last year.

More updates to follow

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