Movement Alert|JD.com Falls 5.3% in Regular Trading, Q2 Revenue Declines 2.9% YoY Despite Earnings Beat

Market Focus
Aug 13

On August 13, JD.com fell 5.3% in regular trading, trading at $29.955/share, with turnover of $133 million. The decline came after the company released its second-quarter earnings report showing revenue contraction despite better-than-expected profitability.

JD.com reported Q2 revenue of 346.4 billion RMB ($51.1 billion), down 2.9% year-over-year. While non-GAAP EPS of 6.29 RMB per ADS beat the FactSet consensus of 5.61 RMB by 12%, and net revenue slightly exceeded estimates of 342.3 billion RMB, investors focused on top-line weakness. Merchandise revenue fell 5.4% to 267.1 billion RMB, with electronics and home appliances declining 11.8%. The new business segment saw revenue plunge 47.6% with an operating loss of approximately 9.85 billion RMB. On the positive side, JD Logistics revenue grew 24.3% to 64.1 billion RMB, and H1 R&D spending surged 53%, reflecting a strategic pivot from scale expansion toward efficiency and profitability. Operating profit swung to a positive 4.5 billion RMB, signaling margin recovery even as revenue contracted.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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