$JD LOGISTICS (02618.HK)$ An announcement has been made that for the three months ending September 30, 2024, revenue reached 44.396 billion yuan, a year-on-year increase of 6.6%; gross profit was 5.197 billion yuan, a year-on-year increase of 57.5%; the non-international financial reporting standards profit for the period reached 2.573 billion yuan, a year-on-year increase of 205.1%; the non-international financial reporting standards EBITDA for the period reached 5.726 billion yuan, a year-on-year increase of 49.3%.
In the third quarter of 2024, jd.com's logistics profitability reached a new high, with non-international financial reporting standards net income amounting to 2.57 billion yuan, an increase of 205.1% year-on-year. This fully reflects the group's technological innovations, improvement in resource utilization efficiency in core operations, and optimization of product structure. The group continues to enhance the level of automation in warehousing and sorting, improving operational efficiency. Based on operational research and algorithm technology, the group continuously optimizes network layout and capacity scheduling, and has taken the lead in applying large language models in logistics for abnormal control, process automation, intelligent interaction, and many other scenarios.
In the third quarter of 2024, the group opened new warehouses in Malaysia and the usa, continuously enhancing its overseas warehousing network and service capabilities to better serve china's offshore brand clients and local overseas clients. In this quarter, the group provided cross-border services for a leading e-commerce platform in south korea, covering various scenarios including warehousing, cross-border trunk lines, and customs clearance, and both parties continue to explore more cooperation opportunities.
