Domestic two major e-commerce companies also released the three-quarter earnings, Jingdong continued to maintain a low-cost profit margin of the level, and the number of active purchases increased to billions; and the performance of the e-commerce was weak, Ali three-quarter performance was lower than expected, and down-regulated 2022 performance guidelines. Jingdong active purchase users increased to November 18th, Jingdong released the three-quarter earnings report, the third quarter revenue is 218.7 billion yuan, the year-on-year increase%, slightly higher than the market expectation of 100 million yuan; the third quarter is 2.6 billion yuan, Last year, the same period was 4.4 billion yuan, the operating profit margin was%, continued to maintain low profit margin operation; non-recognized accounting standards, net profit of 5 billion yuan, last year of 5.6 billion yuan. Jingdong retail, Jingdong logistics and new business contributions are 198.1 billion yuan, 25.7 billion yuan and 5.7 billion yuan; Jingdong retail management profit is 7.9 billion yuan, Jingdong logistics and new business have lost 700 million yuan and 2.1 billion yuan respectively. According to type, commodity revenue and service income are 186 billion yuan and 32.7 billion yuan, respectively. In terms of the user, as of the end of the third quarter, Jingdong’s active purchase of users over the past 12 months increased by 25% year-on-year, and it increased by 100 million in the same period last year.
Jingdong President Xu Lei said at the third quarter call, Jingdong’s main consumption crowd destination, planning, deterministic, and the impact of Jingdong’s consumption is relatively small, but it does not rule out the impact on random consumption. In addition, due to some raw materials shortage and price increase, Jingdong expects price will gradually transfer the volatility of co-suppression prices to consumers, Jingdong Club and supplier cooperation.
In the financial report, Jingdong introduced multi-industry brand settlement, such as Rui Chi, lost and found home, etc. Xu Lei said that the number of successful settlements of third-party merchants on the third quarter of the third quarter reached three times the first half of the year, of which new merchants of fashion home increased.
Talking about the impact of the real estate industry for the consumption of home appliances, Xu Lei said that the growth of home appliance sections is higher than other industries. The main reason is that consumers pursue high-quality consumer goods, and the old replacement services help consumers to replace them; in addition to Jingdong In advance, the sinking market was laid out, and in recent years have gains, in addition, Jingdong attaches great importance to the competitive advantage of differentiated products, so a stock sector in the field of home appliances achieves incremental growth.
In the past two eleven, Jingdong cumulative order amount has created a new record.
Among them, 31 brand sales broke 1 billion, Apple broke 10 billion; more than 5 million farmers achieved income; 43,276 businesses increased by more than 200% year-on-year, and the new number of small and medium-sized brands increased by 4 times. Jingdong Logistics is the core support of Jingdong supply chain. As of the end of the third quarter, Jingdong logistics operations operates 1300 warehouses, including Jingdong logistics management’s cloud warehouse area, and the total storage area exceeds 23 million square meters.
It is worth mentioning that Jingdong Logistics and Volvo signed a cooperation agreement, and both sides will work together to create a high-end automotive sales of a supply chain service, focusing on the supply of chain warehouse network planning, inventory management, end distribution and other fields. In the third quarter of Beijing, the operating costs increased by 187.6 billion yuan, the marketing spending and general administrative expenditure increased, the former increased by $ 7.8 billion; the latter increased by 3.1 billion yuan, Jingdong said that this increase is mainly due to shares An increase in motivation costs.
In addition, the Beijing-East third quarter has a loss of investment loss. Last year, the same period was 300 million yuan. Jingdong said that the loss was mainly due to the non-cash impairment of investment invested by several equity methods; other non-operating losses in the third quarter were 3.1 billion yuan, mainly Because the decline in the equity investment of the listed company has led to a fair value of the investment securities.
In addition to the influence of Jingdong white stripes receivable, as of the end of the third quarter, Jingdong free cash flow was 28.5 billion yuan, the same period last year was 30.2 billion yuan; account cash and cash equivalents were 196.2 billion.
After the financial report is issued, Jingdong has increased in front of US stockings.
Ali’s core retail business is weak Alibaba released a three-season newspaper on the night, and revenue for the third quarter, a year-on-year increase of 29%, a year-on-year growth rate of 34% in the previous quarter, and it is also below the previous market expectation. 100 million yuan. If you do not consider the influence of merger, revenue increased by 16% to 100 million yuan.
There have also been decline in profits, and the operating profit in Ali has increased by 10% year-on-year, mainly due to the equity incentive of ant groups and the equity incentive costs of employees.
Non-recognized accounting standards is a net profit of 100 million yuan, down 39% year-on-year, and the adjusted EBITDA and EBITA fell by 27% and 32% year-on-year.
It is worth noting that Ali has lowered performance guidance, which is expected to grow by 20% to 23% year-on-year, which is expected to be 30% year-on-year.
Ali said that the company will use high-quality development to open a larger space and future development with high quality development as a long-term thinking. At present, China’s retail business is still the largest revenue source of Ali. This business is 63% of the quarter, followed by a 10% cloud computing business, while China wholesale business, global batch, rookie logistics and local life Business account accumulation ratio is a bit number. Core Business China Retail Business Income has increased by 33% year-on-year to 126.8 billion, but the customer management revenue is only 3% year-on-year, and this part of the income is mainly advertising and commission income brought by platforms such as Taobao, Tmall.
Ali’s interpretation of the slow-rate of growth in customer management is that mainly due to the slowdown in the market and the increase in participants in China’s e-commerce market, the physical commodity GMV has increased year-on-year growth.
E-commerce consumption is weak from the past double eleven. Tmall has recorded the lowest double eleven growth in history this year. The battle report shows that the turnover of Tmall November 1st to November 11 is 540.3 billion yuan, compared to 2020 double 1149.82 billion yuan, 2021 increase The speed is only only, and the previous two-day cat turnover has maintained two or more speeds. As of the end of the third quarter, the first 12 months of Alibaba ecology, the annual active consumer is worth 100 million, and the net increase of 62 million, China and overseas consumers are 100 million, and the net increase in single season is 41 million and 20 million respectively. Ali is a long-term goal of serving 2 billion consumers around the world.
In other business sections, Taobao special edition annual active consumers more than 100 million; the community commercial platform has increased by more than 150% in the quarter, and the hungry of the main local life is 28% year-on-year, and the order volume increases over 30 year-on-year. %, Where daily necessities and medical care categories have strong growth. The rookie network operates more than 3 million square meters of cross-border warehouse, and has launched a self-suite service for four European countries with operating business.
Cross-border and global retail and wholesale business mainly include the Southeast Asian e-commerce platform Lazada, AliExpress, Turkish e-commerce platform Trendyol and DARAZ, this part of the business increased by 34% in the three-quarter income year-on-year. The same is concerned about the progress of cloud computing. Ali’s third quarter cloud computing business revenue increased by 33% to 100 million yuan, mainly driven by customers’ revenue growth in the Internet, financial services and retail industries. It is worth mentioning that Ali released a self-developed server chip lean 710 and fourth generation Shenlong architecture at the Yunqi Conference in October, which is extended to 5 microseconds. The free cash flow in the third quarter of Ali fell by 45% to 100 million yuan, Ali said that due to the increase in investment in key fields, the increase in profit decline is caused; the net cash flow has also dropped 34% to 100 million yuan.
Ali stock price has also been weak in the near future, and the Hong Kong stock market has nearly 33% this year. As of press time, Ali has fallen over 8% before the US stocks. According to the financial report, Ali Ali returned to about 26.9 million shares of US stock shares in the third quarter, equivalent to billion ordinary stocks.
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