JD.com Broadcasts Fourth Quarter and Full Yr 2022 Outcomes and Dividend

BEIJING, March 09, 2023 (GLOBE NEWSWIRE) — JD.com, Inc. (NASDAQ: JD and HKEX: 9618), a number one provide chain-based expertise and repair supplier, at this time introduced its unaudited monetary outcomes for the three months and the total 12 months ended December 31, 2022 and dividend for the 12 months ended December 31, 2022.

Fourth Quarter and Full Yr 2022 Highlights

Internet revenues

for the fourth quarter of 2022 have been RMB295.4 billion (US$
¹
42.8 billion), a rise of seven.1% from the fourth quarter of 2021. Internet service revenues for the fourth quarter of 2022 have been RMB57.8 billion (US$8.4 billion), a rise of 40.3% from the fourth quarter of 2021.

Internet revenues

for the total 12 months of 2022 have been RMB1,046.2 billion (US$151.7 billion), a rise of 9.9% from the total 12 months of 2021. Internet service revenues for the total 12 months of 2022 have been RMB181.2 billion (US$26.3 billion), a rise of 33.3% from the total 12 months of 2021.
Revenue from operations

for the fourth quarter of 2022 was RMB4.8 billion (US$0.7 billion), in comparison with a lack of RMB0.4 billion for a similar interval final 12 months.

Non-GAAP

²

earnings from operations

was RMB7.3 billion (US$1.1 billion) for the fourth quarter of 2022, as in comparison with RMB2.8 billion for the fourth quarter of 2021. Working margin of JD Retail earlier than unallocated gadgets for the fourth quarter of 2022 was 3.0%, in comparison with 2.1% for the fourth quarter of 2021.

Revenue from operations

for the total 12 months of 2022 was RMB19.7 billion (US$2.9 billion), in comparison with RMB4.1 billion for the total 12 months of 2021.

Non-GAAP earnings from operations

for the total 12 months of 2022 was RMB27.6 billion (US$4.0 billion), in comparison with RMB13.4 billion for the total 12 months of 2021. Working margin of JD Retail earlier than unallocated gadgets for the 12 months of 2022 was 3.7%, in comparison with 3.1% for the 12 months of 2021.
Internet earnings attributable to atypical shareholders

for the fourth quarter of 2022 was RMB3.0 billion (US$0.4 billion), in comparison with a internet lack of RMB5.2 billion for a similar interval final 12 months.

Non-GAAP internet earnings attributable to atypical shareholders

for the fourth quarter of 2022 was RMB7.7 billion (US$1.1 billion), as in comparison with RMB3.6 billion for a similar interval final 12 months.

Internet earnings attributable to atypical shareholders

for the total 12 months of 2022 was RMB10.4 billion (US$1.5 billion), in comparison with a internet lack of RMB3.6 billion for the total 12 months of 2021.

Non-GAAP internet earnings attributable to atypical shareholders

for the total 12 months of 2022 was RMB28.2 billion (US$4.1 billion), in comparison with RMB17.2 billion for the total 12 months of 2021.
Diluted internet earnings per ADS

for the fourth quarter of 2022 was RMB1.91 (US$0.28), in comparison with a diluted internet loss per ADS of RMB3.33 for the fourth quarter of 2021.

Non-GAAP diluted internet earnings per ADS

for the fourth quarter of 2022 was RMB4.81 (US$0.70), in comparison with RMB2.21 for a similar interval final 12 months.

Diluted internet earnings per ADS

for the total 12 months of 2022 was RMB6.42 (US$0.93), in comparison with a diluted internet loss per ADS of RMB2.29 for the total 12 months of 2021.

Non-GAAP diluted internet earnings per ADS

for the total 12 months of 2022 was RMB17.73 (US$2.57), in comparison with RMB10.75 for the total 12 months of 2021.
Working money movement

for the total 12 months of 2022 was RMB57.8 billion (US$8.4 billion), in comparison with RMB42.3 billion for the total 12 months of 2021.

Free money movement

, which excludes the impression from JD Baitiao receivables included within the working money movement, for the total 12 months of 2022 was RMB35.6 billion (US$5.2 billion), in comparison with RMB26.2 billion for the total 12 months of 2021.

______________

1 The U.S. greenback (US$) quantities disclosed on this announcement, apart from these transaction quantities that have been truly settled in U.S. {dollars}, are introduced solely for the comfort of the readers. The conversion of Renminbi (RMB) into US$ on this announcement relies on the alternate fee set forth within the H.10 statistical launch of the Board of Governors of the Federal Reserve System as of December 30, 2022, which was RMB6.8972 to US$1.00. The chances acknowledged on this announcement are calculated primarily based on the RMB quantities.

2 See the sections entitled “Non-GAAP Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Outcomes” for extra details about the non-GAAP measures referred to on this announcement.

“Whereas 2022 posed many challenges for JD.com and China as an entire, we delivered strong operational outcomes and surpassed 1 trillion RMB in annual income for the primary time,” stated Lei Xu, CEO of JD.com. “Throughout the pandemic, our steadfast dedication to serving to society additional established JD.com as a extremely trusted model. Wanting forward, amidst ever-evolving alternatives and challenges we’ll keep targeted on reducing prices, rising effectivity and continuously bettering person expertise. I’m assured that JD.com will play a good bigger position in China’s financial growth whereas delivering sturdy returns for our shareholders within the years forward.”

“We achieved worthwhile development and robust money movement for the quarter and full-year,” stated Sandy Xu, Chief Monetary Officer of JD.com. “Whereas we discover new development alternatives, we’ll proceed our deal with monetary self-discipline and technology-driven operational effectivity to construct a strong basis for JD.com’s future high-quality development. Reflecting our wholesome profitability and steadiness sheet and dedication to shareholder worth, we’re additionally happy to proceed to return worth to shareholders within the type of a money dividend.”

Enterprise Highlights

Setting, Social and Governance

In January 2023, JD.com was listed within the Bloomberg Gender-Equality Index (“GEI”) for the primary time, turning into the one China-based firm within the business included within the index. It is a excessive recognition of JD.com’s progress in variety and inclusion. The GEI supplies world-leading depth and breadth of gender-related knowledge factors which can be made obtainable to the funding group, designed to spotlight firms which can be selling transparency in gender-related disclosure and gender equality within the office.
In December, greater than 1,000 volunteered JD couriers from all through China arrived in Beijing to assist guarantee day by day important provides in face of the COVID resurgence. Moreover, as a part of the efforts to enhance the effectivity of last-mile supply, JD Logistics additionally deployed practically 100 autonomous autos to attach communities with supply stations and supply contactless companies. Significantly, the autonomous autos additionally supported JD Well being’s nighttime remedy supply.
Within the fourth quarter, hydrogen power vans of JD Logistics have been put into operation at Amway’s manufacturing base in Guangzhou, which contributed to “zero carbon” emissions for transportations alongside Amway’s provide chain. As well as, JD Logistics reached agreements with a globally well-known automaker to collectively deploy a fleet of recent power van vans, attaining “100% electrified” transportation inside and in-between its manufacturing bases in China.

JD Retail

Throughout 2022 Singles’ Day Grand Promotion, JD.com launched eight new house equipment and electronics city-level flagship shops and two JD MALLs in numerous cities, offering top-notch procuring expertise and companies with parity in product costs and fashions throughout each on-line and offline channels. To this point, the corporate has opened such flagship shops and JD MALLs in practically 60 cities throughout China to enrich tens of 1000’s of JD Residence Equipment Shops in counties, townships and villages, enabling extra shoppers to buy house equipment and electronics offline with JD.com.
In February 2023, Tiffany & Co., a world well-known luxurious jewellery model, partnered with JD.com and launched its official flagship retailer on the platform, making JD.com the primary e-commerce companion of Tiffany & Co. in China. Because the model steps to a brand new chapter of digitalization, the flagship retailer on JD.com not solely helps deepen its presence within the Chinese language market, but additionally additional enriches shoppers’ on-line procuring expertise.
Within the fourth quarter, JD Daojia (JDDJ) and “The J Store,” an improve of JD.com’s style and way of life enterprise, established strategic partnerships with style, sports activities and different manufacturers, comparable to HLA and Decathlon. There have been 754 HLA shops and 170 Decathlon shops nationwide launched on JDDJ and Store Now, JD.com’s one-hour supply service. The collaborations present shoppers on-demand procuring expertise of “on-line ordering, offline delivery, and supply as quick as inside an hour,” and additional speed up the digitalization of offline retail in China.
So as to assist enhance financial and social growth, employment, and entrepreneurship, JD.com launched an initiative named “Spring Daybreak” in January 2023 that gives higher assist to various kinds of retailers on the platform, together with particular person house owners, self-employed companies and enterprises. The initiative contains 12 supportive measures that goal to decrease prices and improve gross sales for retailers, comparable to additional streamlining store-launch course of for particular person house owners, which takes as little as ten minutes, zero-cost trial operations, and RMB2,100 price of reward packages for newly opened shops, amongst others.

JD Well being

In response to the COVID outbreak in China in December, JD Well being partnered with greater than 30 pharmaceutical firms to make sure stability in provides and costs of key medicines and pandemic prevention merchandise. JD Well being Web Hospital additionally launched an internet “anti-Covid clinic,” which improved accessibility to well being session companies and alleviated strain on offline medical establishments. As well as, JD Well being carefully collaborated with the Ministry of Trade and Info Expertise to make sure the availability of medicines and necessities which can be in scarcity in distant areas, of which the proportion of orders from counties and townships exceeded 80%.
In October, to additional enhance the usual and high quality of listening to support becoming companies in China, JD Well being launched the “JD Well being Listening to Heart,” offering one-stop offline companies together with listening to support choice, becoming, adjustment, analysis, and use and upkeep steerage and ideas, in addition to free listening to checks and session companies.

In November, JD Well being unveiled “JD Pet Well being,” a strategic model improve of its pet well being enterprise. The enterprise consists of two core parts, JDH Pet Pharmacy and JDH Pet Hospital. JD Well being is dedicated to constructing an internet and offline built-in platform for pet well being that gives each veterinary companies and medical merchandise.

JD Logistics

The latest Spring Competition vacation marked the eleventh consecutive 12 months of JD Logistics offering uninterrupted supply companies to shoppers all through China in the course of the festive interval, which lined 366 cities and roughly 1,700 districts and counties this 12 months. JD Logistics was the primary firm within the business that launched such companies.
Within the fourth quarter, JD Airways additional expanded its all-cargo routes. As of December 31, 2022, it operates the routes of Shenzhen-Hangzhou, Nantong-Beijing, and Shenzhen-Wuxi, higher serving buyer calls for notably within the consumption and manufacturing industries.
As of December 31, 2022, JD Logistics operated over 1,500 warehouses. Together with warehouse house managed by means of the Open Warehouse Platform, JD Logistics’s warehouse community had an combination gross flooring space of over 30 million sq. meters
³
.

______________

3 The numbers additionally embody warehouses managed by Deppon Logistics Co., Ltd. (“Deppon”, Shanghai Inventory Trade code: 603056) and its subsidiaries (collectively, “Deppon Group”). Within the third quarter of 2022, JD Logistics accomplished the acquisition of the controlling curiosity in Deppon.

JD Industrials

In 2022, JD Industrials additional leveraged its clever provide chain capabilities to serve extra enterprise clients, making certain resilient provides in assist of their operations. Amongst them, JD Industrials offered companies to over 100,000 industrial manufacturing crops within the fields of car, mechanical tools, digital product meeting and others. It additionally supported over 16,000 development initiatives within the 12 months.

JD Property

The warehousing actual property funding belief (REIT), collectively established by JD.com, JD Property and Harvest Fund, grew to become the primary of its form within the personal sector in China that acquired formal approval from China’s Securities Regulatory Fee in December 2022 and was listed on the Shanghai Inventory Trade in February 2023. The itemizing raised over RMB 1.7 billion. The funding portfolio of this REIT consists of three logistics parks within the northern, central and southwest areas of China with an combination gross flooring space of over 350,000 sq. meters. The REIT creates a brand new supply of financing for JD.com and JD Property.

Dada

In November, in assist of the launch of the brand new vivo X90 good cellphone, JDDJ and Store Now partnered with vivo approved expertise shops to boost inventories and guarantee within-hours supply for pre-sales orders. For the reason that inception of the partnership in 2020, there have been over 3,300 vivo approved shops launched on JDDJ and Store Now as of the top of November 2022, overlaying greater than 30 provinces and cities in China.

Fourth Quarter 2022 Monetary Outcomes

Internet Revenues.

For the fourth quarter of 2022, JD.com reported internet revenues of RMB295.4 billion (US$42.8 billion), representing a 7.1% improve from the identical interval of 2021. Internet product revenues elevated by 1.2%, whereas internet service revenues elevated by 40.3% for the fourth quarter of 2022, as in comparison with the identical interval of 2021.

Price of Revenues

.

Price of revenues elevated by 6.3% to RMB253.9 billion (US$36.8 billion) for the fourth quarter of 2022 from RMB238.8 billion for the fourth quarter of 2021.

Achievement Bills

.

Achievement bills, which primarily embody procurement, warehousing, supply, customer support and cost processing bills, elevated by 3.3% to RMB16.9 billion (US$2.4 billion) for the fourth quarter of 2022 from RMB16.3 billion for the fourth quarter of 2021. Achievement bills as a proportion of internet revenues was 5.7% for the fourth quarter of 2022, in comparison with 5.9% for a similar interval final 12 months.

Advertising Bills

.

Advertising bills decreased by 10.3% to RMB12.0 billion (US$1.7 billion) for the fourth quarter of 2022 from RMB13.4 billion for the fourth quarter of 2021.

Analysis and Growth Bills

.

Analysis and growth bills elevated by 6.4% to RMB4.4 billion (US$0.6 billion) for the fourth quarter of 2022 from RMB4.1 billion for the fourth quarter of 2021.

Common and Administrative Bills

.

Common and administrative bills decreased by 2.5% to RMB3.6 billion (US$0.5 billion) for the fourth quarter of 2022 from RMB3.7 billion for the fourth quarter of 2021.

Revenue/(Loss) from Operations and Non-GAAP Revenue from Operations.

Revenue from operations for the fourth quarter of 2022 was RMB4.8 billion (US$0.7 billion), in comparison with a lack of RMB0.4 billion for a similar interval final 12 months. Non-GAAP earnings from operations was RMB7.3 billion (US$1.1 billion) for the fourth quarter of 2022, as in comparison with RMB2.8 billion for the fourth quarter of 2021. Working margin of JD Retail earlier than unallocated gadgets for the fourth quarter of 2022 was 3.0%, in comparison with 2.1% for the fourth quarter of 2021.

Non-GAAP EBITDA.

Non-GAAP EBITDA elevated by 113.8% to RMB8.9 billion (US$1.3 billion) for the fourth quarter of 2022 from RMB4.2 billion for the fourth quarter of 2021.

Share of Outcomes of Fairness Investees.

Share of outcomes of fairness investees was an earnings of RMB113.0 million (US$16.0 million) for the fourth quarter of 2022, as in comparison with a lack of RMB4.3 billion for the fourth quarter of 2021. The loss for the fourth quarter of 2021 was primarily attributable to non-cash impairment from sure fairness investees.

Internet Revenue/(Loss)

Attributable to Abnormal Shareholders

and Non-GAAP Internet Revenue

Attributable to Abnormal Shareholders

.

Internet earnings attributable to atypical shareholders for the fourth quarter of 2022 was RMB3.0 billion (US$0.4 billion), in comparison with a internet lack of RMB5.2 billion for a similar interval final 12 months. Non-GAAP internet earnings attributable to atypical shareholders for the fourth quarter of 2022 was RMB7.7 billion (US$1.1 billion), as in comparison with RMB3.6 billion for a similar interval final 12 months.

Diluted EPS and Non-GAAP Diluted EPS.

Diluted internet earnings per ADS for the fourth quarter of 2022 was RMB1.91 (US$0.28), in comparison with a diluted internet loss per ADS of RMB3.33 for the fourth quarter of 2021. Non-GAAP diluted internet earnings per ADS for the fourth quarter of 2022 was RMB4.81 (US$0.70), in comparison with RMB2.21 for the fourth quarter of 2021.

Money Circulate and Working Capital

As of December 31, 2022, the corporate’s money and money equivalents, restricted money and short-term investments totaled RMB226.2 billion (US$32.8 billion), in comparison with RMB191.3 billion as of December 31, 2021. For the fourth quarter of 2022, free money movement of the corporate was as follows:

	For the three months ended
	December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$
	(In thousands and thousands)

Internet money offered by working actions	6,472		18,486		2,680
Add: Impression from JD Baitiao receivables included within the working money movement	1,301		1,194		173
Much less: Capital expenditures, internet of associated gross sales proceeds
Capital expenditures for growth properties	(3,867	)	(6,097	)	(884	)
Different capital expenditures*	(1,614	)	(1,539	)	(223	)
Free money movement	2,292		12,044		1,746

* Together with capital expenditures associated to the corporate’s headquarters in Beijing and all different CAPEX.

Internet money utilized in investing actions was RMB17.9 billion (US$2.6 billion) for the fourth quarter of 2022, consisting primarily of the rise in short-term investments and money paid for capital expenditures.

Internet money utilized in financing actions was RMB4.2 billion (US$0.6 billion) for the fourth quarter of 2022, consisting primarily of the online compensation of financial institution loans.

Full Yr 2022 Monetary Outcomes

Internet Revenues.

For the total 12 months of 2022, JD.com reported internet revenues of RMB1,046.2 billion (US$151.7 billion), representing a 9.9% improve from the total 12 months of 2021. Internet product revenues elevated by 6.1%, whereas internet service revenues elevated by 33.3% for the total 12 months of 2022, as in comparison with the total 12 months of 2021.

Price of Revenues

.

Price of revenues elevated by 9.3% to RMB899.2 billion (US$130.4 billion) for the total 12 months of 2022 from RMB822.5 billion for the total 12 months of 2021.

Achievement Bills

.

Achievement bills, which primarily embody procurement, warehousing, supply, customer support and cost processing bills, elevated by 6.7% to RMB63.0 billion (US$9.1 billion) for the total 12 months of 2022 from RMB59.1 billion for the total 12 months of 2021. Achievement bills as a proportion of internet revenues was 6.0% for the total 12 months of 2022, in comparison with 6.2% for the total 12 months of 2021.

Advertising Bills

.

Advertising bills have been RMB37.8 billion (US$5.5 billion) for the total 12 months of 2022, as in comparison with RMB38.7 billion for the total 12 months of 2021.

Analysis and Growth Bills

.

Analysis and growth bills have been RMB16.9 billion (US$2.4 billion) for the total 12 months of 2022, as in comparison with RMB16.3 billion for the total 12 months of 2021.

Common and Administrative Bills

.

Common and administrative bills decreased by 4.4% to RMB11.1 billion (US$1.6 billion) for the total 12 months of 2022 from RMB11.6 billion for the total 12 months of 2021.

Revenue from Operations and Non-GAAP Revenue from Operations.

Revenue from operations for the total 12 months of 2022 was RMB19.7 billion (US$2.9 billion), in comparison with RMB4.1 billion for the total 12 months of 2021. Non-GAAP earnings from operations for the total 12 months of 2022 was RMB27.6 billion (US$4.0 billion), in comparison with RMB13.4 billion for the total 12 months of 2021. Working margin of JD Retail earlier than unallocated gadgets for the total 12 months of 2022 was 3.7%, in comparison with 3.1% for the total 12 months of 2021.

Non-GAAP EBITDA.

Non-GAAP EBITDA for the total 12 months of 2022 elevated by 79.6% to RMB33.6 billion (US$4.9 billion) from RMB18.7 billion for the total 12 months of 2021.

Share of Outcomes of Fairness Investees.

Share of outcomes of fairness investees was a lack of RMB2.2 billion (US$0.3 billion) for the total 12 months of 2022, as in comparison with a lack of RMB4.9 billion for the total 12 months of 2021. The loss for the total 12 months of 2022 was primarily attributable to non-cash impairment in sure fairness investees.

Internet Revenue/(Loss)

Attributable to Abnormal Shareholders

and Non-GAAP Internet Revenue

Attributable to Abnormal Shareholders

.

Internet earnings attributable to atypical shareholders for the total 12 months of 2022 was RMB10.4 billion (US$1.5 billion), in comparison with a internet lack of RMB3.6 billion for the total 12 months of 2021. Non-GAAP internet earnings attributable to atypical shareholders for the total 12 months of 2022 was RMB28.2 billion (US$4.1 billion), in comparison with RMB17.2 billion for the total 12 months of 2021.

Diluted EPS and Non-GAAP Diluted EPS.

Diluted internet earnings per ADS for the total 12 months of 2022 was RMB6.42 (US$0.93), in comparison with a diluted internet loss per ADS of RMB2.29 for the total 12 months of 2021. Non-GAAP diluted internet earnings per ADS for the total 12 months of 2022 was RMB17.73 (US$2.57), in comparison with RMB10.75 for the total 12 months of 2021.

Money Circulate and Working Capital

For the total 12 months of 2022, free money movement of the corporate was as follows:

	For the 12 months ended
	December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$
	(In thousands and thousands)

Internet money offered by working actions	42,301		57,819		8,383
Add/(Much less): Impression from JD Baitiao receivables included within the working money movement	2,492		(244	)	(35	)
Much less: Capital expenditures, internet of associated gross sales proceeds
Capital expenditures for growth properties	(13,510	)	(17,504	)	(2,538	)
Different capital expenditures	(5,055	)	(4,476	)	(649	)
Free money movement	26,228		35,595		5,161

Internet money utilized in investing actions was RMB54.0 billion (US$7.8 billion) for the total 12 months of 2022, consisting primarily of money paid for capital expenditures, improve in short-term investments, and internet money paid for the acquisition of China Logistics Property Holdings Co., Ltd (“CNLP”) and Deppon.

Internet money offered by financing actions was RMB1.2 billion (US$0.2 billion) for the total 12 months of 2022, consisting primarily of internet proceeds from financial institution loans, internet proceeds from JD Property’s non-redeemable collection B most popular share financing and share placement of JD Logistics, partially offset by money paid for dividends.

Supplemental Info

The corporate stories 4 segments, JD Retail, JD Logistics, Dada and New companies. JD Retail, parts of which embody JD Well being and JD Industrials, amongst others, primarily consists of on-line retail, on-line market and advertising companies in China. JD Logistics contains each inner and exterior logistics companies. Dada is an area on-demand supply and retail platform in China. New companies primarily embody JD Property, Jingxi, abroad companies and expertise initiatives.

The desk beneath units forth the phase working outcomes:

	For the three months ended						For the 12 months ended
	December 31, 2021		December 31, 2022		December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$		RMB		RMB		US$
	(In thousands and thousands)						(In thousands and thousands)
Internet revenues:
JD Retail	249,870		258,925		37,541		866,303		929,929		134,827
JD Logistics	30,472		43,008		6,236		104,693		137,402		19,921
Dada	—		2,681		389		—		8,030		1,164
New companies	8,213		4,761		690		26,063		21,779		3,158
Inter-segment eliminations *	(12,799	)	(13,929	)	(2,020	)	(46,043	)	(50,904	)	(7,380	)
Complete phase internet revenues	275,756		295,446		42,836		951,016		1,046,236		151,690
Unallocated gadgets**	152		—		—		576		—		—
Complete consolidated internet revenues	275,908		295,446		42,836		951,592		1,046,236		151,690

Working earnings/(loss):
JD Retail	5,344		7,862		1,140		26,613		34,852		5,053
JD Logistics	731		900		130		(1,827	)	528		77
Dada	—		(207	)	(30	)	—		(1,122	)	(163	)
New companies	(3,226	)	(1,153	)	(165	)	(10,600	)	(5,295	)	(768	)
Together with: acquire on sale of growth properties	18		150		22		767		1,379		200
Complete phase working earnings	2,849		7,402		1,075		14,186		28,963		4,199
Unallocated gadgets**	(3,241	)	(2,574	)	(374	)	(10,045	)	(9,240	)	(1,339	)
Complete consolidated working earnings/(loss)	(392	)	4,828		701		4,141		19,723		2,860

* The inter-segment eliminations primarily encompass revenues from provide chain options and logistics companies offered by JD Logistics to JD Retail, on-demand supply and retail companies offered by Dada to JD Retail and JD Logistics, and property leasing companies offered by JD Property to JD Logistics.

** Unallocated gadgets embody share-based compensation, amortization of intangible belongings ensuing from belongings and enterprise acquisitions, results of enterprise cooperation preparations, and impairment of goodwill and intangible belongings, which aren’t allotted to segments.

The desk beneath units forth the income info:

	For the three months ended			For the 12 months ended
	December 31, 2021	December 31, 2022	December 31, 2022	December 31, 2021	December 31, 2022	December 31, 2022
	RMB	RMB	US$	RMB	RMB	US$
	(In thousands and thousands)			(In thousands and thousands)
Electronics and residential home equipment revenues	140,931	141,675	20,541	492,592	515,945	74,805
Common merchandise revenues	93,744	95,924	13,908	323,063	349,117	50,617
Internet product revenues	234,675	237,599	34,449	815,655	865,062	125,422

Market and advertising revenues	22,238	24,598	3,566	72,118	81,970	11,885
Logistics and different service revenues	18,995	33,249	4,821	63,819	99,204	14,383
Internet service revenues	41,233	57,847	8,387	135,937	181,174	26,268

Complete internet revenues	275,908	295,446	42,836	951,592	1,046,236	151,690

Latest Growth

Dividend Cost

The corporate introduced that its board of administrators (the “Board”) authorized a money dividend of US$0.31 per atypical share, or US$0.62 per ADS, to holders of atypical shares and holders of ADSs, respectively, as of the shut of enterprise on April 6, 2023 Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. {dollars}. The mixture quantity of the dividend will likely be roughly US$1.0 billion. The cost date is anticipated to be on or round April 27, 2023 and on or round Might 4, 2023 for holders of atypical shares and holders of ADSs, respectively.

As well as, the corporate plans to undertake an annual dividend coverage, below which the corporate might select to declare and distribute a money dividend every year, ranging from 2023, at an quantity decided in relation to the corporate’s monetary efficiency within the earlier fiscal 12 months, amongst different components. The dedication to make dividend distributions in any specific 12 months will likely be made on the discretion of the Board primarily based upon components comparable to the corporate’s outcomes of operations, money movement, monetary situation, capital necessities and different issues that the Board deems related.

Institution of ESG Committee and Change in Committees Composition

On March 8, 2023, the Board resolved to determine an environmental, social and governance committee, or the ESG Committee, to oversee ESG-related issues of the corporate, demonstrating the corporate’s unremitting dedication to ESG. The ESG Committee consists of Mr. Richard Qiangdong Liu, Professor Dingbo Xu and Ms. Carol Yun Yau Li, with Mr. Liu serving because the chairperson, efficient instantly. In the meantime, the capabilities and obligations in relation to company governance will likely be shifted to the ESG Committee from the nominating and company governance committee of the Board, which will likely be renamed because the nomination committee. In gentle of his new committee membership, Professor Dingbo Xu will retire from the compensation committee of the Board, efficient instantly.

JD Industrials’ Sequence B Transaction

Lately in March 2023, JD Industrials, the main industrial provide chain expertise and repair supplier in China and a subsidiary of the corporate, has entered into definitive transaction agreements in reference to its collection B most popular shares with a gaggle of traders. The corporate will stay the bulk shareholder of JD Industrials after the completion of the transactions.

Convention Name

JD.com’s administration will maintain a convention name at 7:00 am, Jap Time on March 9, 2023, (8:00 pm, Beijing/Hong Kong Time on March 9, 2023) to debate the fourth quarter and full 12 months of 2022 monetary outcomes.

Please register prematurely of the convention utilizing the hyperlink offered beneath and dial in quarter-hour previous to the decision, utilizing participant dial-in numbers, the Passcode and distinctive entry PIN which might be offered upon registering. You may be robotically linked to the reside name after completion of this course of, until required to supply the convention ID beneath attributable to regional restrictions.

PRE-REGISTER LINK:

https://s1.c-conf.com/diamondpass/10028786-gdt5ed.html

CONFERENCE ID: 10028786

A phone replay will likely be obtainable for one week till March 16, 2023. The dial-in particulars are as follows:

	US:	+1-855-883-1031
	Worldwide:	+61-7-3107-6325
	Hong Kong:	800-930-639
	Mainland China:	400-120-9216
	Passcode:	10028786

Moreover, a reside and archived webcast of the convention name may also be obtainable on the JD.com’s investor relations web site at

http://ir.jd.com

About JD.com

JD.com is a number one provide chain-based expertise and repair supplier. The corporate’s cutting-edge retail infrastructure seeks to allow shoppers to purchase no matter they need, each time and wherever they need it. The corporate has opened its expertise and infrastructure to companions, manufacturers and different sectors, as a part of its Retail as a Service providing to assist drive productiveness and innovation throughout a spread of industries.

Non-GAAP Measures

In evaluating the enterprise, the corporate considers and makes use of non-GAAP measures, comparable to non-GAAP earnings/(loss) from operations, non-GAAP working margin, non-GAAP internet earnings/(loss) attributable to atypical shareholders, non-GAAP internet margin, free money movement, non-GAAP EBITDA, non-GAAP EBITDA margin, non-GAAP internet earnings/(loss) per share and non-GAAP internet earnings/(loss) per ADS, as supplemental measures to overview and assess working efficiency. The presentation of those non-GAAP monetary measures isn’t supposed to be thought of in isolation or as an alternative to the monetary info ready and introduced in accordance with accounting rules usually accepted in the USA of America (“U.S. GAAP”). The corporate defines non-GAAP earnings/(loss) from operations as earnings/(loss) from operations excluding share-based compensation, amortization of intangible belongings ensuing from belongings and enterprise acquisitions, results of enterprise cooperation preparations, acquire on sale of growth properties and impairment of goodwill and intangible belongings. The corporate defines non-GAAP internet earnings/(loss) attributable to atypical shareholders as internet earnings/(loss) attributable to atypical shareholders excluding share-based compensation, amortization of intangible belongings ensuing from belongings and enterprise acquisitions, results of enterprise cooperation preparations and non-compete agreements, acquire/(loss) on disposals/deemed disposals of investments and others, reconciling gadgets on the share of fairness technique investments, loss/(acquire) from honest worth change of long-term investments, impairment of goodwill, intangible belongings and investments, acquire in relation to sale of growth properties and tax results on non-GAAP changes. The corporate defines free money movement as working money movement adjusting the impression from JD Baitiao receivables included within the working money movement and capital expenditures, internet of the proceeds from sale of growth properties. Capital expenditures embody buy of property, tools and software program, money paid for development in progress, buy of intangible belongings and land use rights. The corporate defines non-GAAP EBITDA as non-GAAP earnings/(loss) from operations plus depreciation and amortization excluding amortization of intangible belongings ensuing from belongings and enterprise acquisitions. Non-GAAP fundamental internet earnings/(loss) per share is calculated by dividing non-GAAP internet earnings/(loss) attributable to atypical shareholders by the weighted common variety of atypical shares excellent in the course of the intervals. Non-GAAP diluted internet earnings/(loss) per share is calculated by dividing non-GAAP internet earnings/(loss) attributable to atypical shareholders by the weighted common variety of atypical shares and dilutive potential atypical shares excellent in the course of the intervals, together with the dilutive impact of share-based awards as decided below the treasury inventory technique. Non-GAAP internet earnings/(loss) per ADS is the same as non-GAAP internet earnings/(loss) per share multiplied by two.

The corporate presents these non-GAAP monetary measures as a result of they’re utilized by administration to guage working efficiency and formulate enterprise plans. Non-GAAP earnings/(loss) from operations, non-GAAP internet earnings/(loss) attributable to atypical shareholders and non-GAAP EBITDA replicate the corporate’s ongoing enterprise operations in a fashion that enables extra significant period-to-period comparisons. Free money movement allows administration to evaluate liquidity and money movement whereas considering the impression from JD Baitiao receivables included within the working money movement and the calls for that the growth of success infrastructure and expertise platform has positioned on monetary sources. The corporate believes that using the non-GAAP monetary measures facilitates traders to know and consider the corporate’s present working efficiency and future prospects in the identical method as administration does, in the event that they so select. The corporate additionally believes that the non-GAAP monetary measures present helpful info to each administration and traders by excluding sure bills, acquire/loss and different gadgets that aren’t anticipated to end in future money funds or which can be non-recurring in nature or will not be indicative of the corporate’s core working outcomes and enterprise outlook.

The non-GAAP monetary measures have limitations as analytical instruments. The corporate’s non-GAAP monetary measures don’t replicate all gadgets of earnings and expense that have an effect on the corporate’s operations or not characterize the residual money movement obtainable for discretionary expenditures. Additional, these non-GAAP measures might differ from the non-GAAP info utilized by different firms, together with peer firms, and due to this fact their comparability could also be restricted. The corporate compensates for these limitations by reconciling the non-GAAP monetary measures to the closest U.S. GAAP efficiency measure, all of which ought to be thought of when evaluating efficiency. The corporate encourages you to overview the corporate’s monetary info in its entirety and never depend on a single monetary measure.

CONTACTS:

Investor Relations

Sean Zhang

+86 (10) 8912-6804

IR@JD.com

Media Relations

+86 (10) 8911-6155

Press@JD.com

Protected Harbor Assertion

This announcement incorporates forward-looking statements. These statements are made below the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology comparable to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured” and related statements. Amongst different issues, the enterprise outlook and quotations from administration on this announcement, in addition to JD.com’s strategic and operational plans, include forward-looking statements. JD.com may additionally make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Trade Fee (the “SEC”), in bulletins made on the web site of the HKEX, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic details, together with statements about JD.com’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A lot of components might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: JD.com’s development methods; its future enterprise growth, outcomes of operations and monetary situation; its potential to draw and retain new clients and to extend revenues generated from repeat clients; its expectations concerning demand for and market acceptance of its services; tendencies and competitors in China’s e-commerce market; modifications in its revenues and sure price or expense gadgets; the anticipated development of the Chinese language e-commerce market; legal guidelines, rules and governmental insurance policies referring to the industries by which JD.com or its enterprise companions function; potential modifications in legal guidelines, rules and governmental insurance policies or modifications within the interpretation and implementation of legal guidelines, rules and governmental insurance policies that might adversely have an effect on the industries by which JD.com or its enterprise companions function, together with, amongst others, initiatives to reinforce supervision of firms listed on an abroad alternate and tighten scrutiny over knowledge privateness and knowledge safety; dangers related to JD.com’s acquisitions, investments and alliances, together with fluctuation out there worth of JD.com’s funding portfolio; impression of the COVID-19 pandemic; pure disasters and geopolitical occasions; change in tax charges and monetary dangers; depth of competitors; and basic market and financial circumstances in China and globally. Additional info concerning these and different dangers is included in JD.com’s filings with the SEC and the bulletins on the web site of the Hong Kong Inventory Trade. All info offered herein is as of the date of this announcement, and JD.com undertakes no obligation to replace any forward-looking assertion, besides as required below relevant regulation.

JD.com, Inc.
Unaudited Condensed Consolidated Stability Sheets
(In thousands and thousands, besides in any other case famous)

	As of
	December 31, 2021	December 31, 2022	December 31, 2022
	RMB	RMB	US$
ASSETS
Present belongings
Money and money equivalents	70,767	78,861	11,434
Restricted money	5,926	6,254	907
Brief-term investments	114,564	141,095	20,457
Accounts receivable, internet (together with JD Baitiao of RMB2.5 billion and RMB3.1 billion as of December 31, 2021 and 2022, respectively) ⁽ ¹⁾	11,900	20,576	2,983
Advance to suppliers	3,959	3,838	556
Inventories, internet	75,601	77,949	11,302
Prepayments and different present belongings	11,455	15,156	2,197
Quantity due from associated events	5,500	6,142	891
Belongings held on the market	—	1,203	174
Complete present belongings	299,672	351,074	50,901
Non-current belongings
Property, tools and software program, internet	32,944	55,080	7,986
Building in progress	5,817	11,161	1,618
Intangible belongings, internet	5,837	9,139	1,325
Land use rights, internet	14,328	33,848	4,907
Working lease right-of-use belongings	19,987	22,267	3,228
Goodwill	12,433	23,123	3,353
Funding in fairness investees	63,222	57,641	8,357
Funding securities	19,088	11,611	1,683
Deferred tax belongings	1,111	1,536	223
Different non-current belongings	21,804	18,770	2,722
Quantity due from associated events	264	—	—
Complete non-current belongings	196,835	244,176	35,402
Complete belongings	496,507	595,250	86,303

JD.com, Inc.
Unaudited Condensed Consolidated Stability Sheets
(In thousands and thousands, besides in any other case famous)

	As of
	December 31, 2021	December 31, 2022	December 31, 2022
	RMB	RMB	US$
LIABILITIES
Present liabilities
Brief-term money owed	4,368	12,146	1,761
Accounts payable	140,484	160,607	23,286
Advance from clients	29,106	33,713	4,888
Deferred revenues	3,458	3,351	486
Taxes payable	2,568	5,926	859
Quantity attributable to associated events	519	488	71
Accrued bills and different present liabilities	34,468	42,570	6,172
Working lease liabilities	6,665	7,688	1,115
Liabilities held on the market	—	72	10
Complete present liabilities	221,636	266,561	38,648
Non-current liabilities
Deferred revenues	1,297	1,107	160
Unsecured senior notes	9,386	10,224	1,482
Deferred tax liabilities	1,897	6,511	944
Lengthy-term borrowings	—	20,009	2,901
Working lease liabilities	13,721	14,978	2,172
Different non-current liabilities	1,786	1,737	251
Complete non-current liabilities	28,087	54,566	7,910
Complete liabilities	249,723	321,127	46,558

(1) JD Expertise performs credit score threat evaluation companies for JD Baitiao enterprise and absorbs the credit score threat of the underlying Baitiao receivables. Facilitated by JD Expertise, the corporate periodically securitizes Baitiao receivables by means of the switch of these belongings to securitization plans and derecognizes the associated Baitiao receivables by means of gross sales sort preparations.

JD.com, Inc.
Unaudited Condensed Consolidated Stability Sheets
(In thousands and thousands, besides in any other case famous)

	As of
	December 31, 2021	December 31, 2022	December 31, 2022
	RMB	RMB	US$

MEZZANINE EQUITY	1,212	590	86

SHAREHOLDERS’ EQUITY
Complete JD.com, Inc. shareholders’ fairness (US$0.00002 par worth, 100,000 million shares approved, 3,180 million shares issued and three,136 million shares excellent as of December 31, 2022)	208,911	213,366	30,936
Non-controlling pursuits	36,661	60,167	8,723
Complete shareholders’ fairness	245,572	273,533	39,659
Complete liabilities, mezzanine fairness and shareholders’ fairness	496,507	595,250	86,303

JD.com, Inc.
Unaudited Condensed Consolidated Statements of Operations
(In thousands and thousands, besides per share knowledge)

	For the three months ended						For the 12 months ended
	December 31, 2021		December 31, 2022		December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$		RMB		RMB		US$
Internet revenues
Internet product revenues	234,675		237,599		34,449		815,655		865,062		125,422
Internet service revenues	41,233		57,847		8,387		135,937		181,174		26,268
Complete internet revenues	275,908		295,446		42,836		951,592		1,046,236		151,690
Price of revenues	(238,785	)	(253,909	)	(36,813	)	(822,526	)	(899,163	)	(130,366	)
Achievement	(16,327	)	(16,863	)	(2,445	)	(59,055	)	(63,011	)	(9,136	)
Advertising	(13,363	)	(11,985	)	(1,738	)	(38,743	)	(37,772	)	(5,476	)
Analysis and growth	(4,105	)	(4,366	)	(633	)	(16,332	)	(16,893	)	(2,449	)
Common and administrative	(3,738	)	(3,645	)	(528	)	(11,562	)	(11,053	)	(1,603	)
Achieve on sale of growth properties	18		150		22		767		1,379		200
Revenue/(Loss) from operations ⁽ ²⁾⁽³⁾	(392	)	4,828		701		4,141		19,723		2,860
Different earnings/(bills)
Share of outcomes of fairness investees	(4,272	)	113		16		(4,918	)	(2,195	)	(318	)
Curiosity expense	(446	)	(698	)	(101	)	(1,213	)	(2,106	)	(305	)
Others, internet ⁽ ⁴⁾	(22	)	(427	)	(62	)	(590	)	(1,555	)	(225	)
Revenue/(Loss) earlier than tax	(5,132	)	3,816		554		(2,580	)	13,867		2,012
Revenue tax bills	(186	)	(595	)	(86	)	(1,887	)	(4,176	)	(605	)
Internet earnings/(loss)	(5,318	)	3,221		468		(4,467	)	9,691		1,407
Internet earnings/(loss) attributable to non-controlling pursuits shareholders	(158	)	189		27		(923	)	(697	)	(101	)
Internet earnings attributable to mezzanine fairness categorized as non-controlling pursuits shareholders	5		—		—		16		8		1
Internet earnings/(loss) attributable to atypical shareholders	(5,165	)	3,032		441		(3,560	)	10,380		1,507

Internet earnings /(loss) per share:
Fundamental	(1.66	)	0.97		0.14		(1.15	)	3.32		0.48
Diluted	(1.66	)	0.95		0.14		(1.15	)	3.21		0.47
Internet earnings /(loss) per ADS:
Fundamental	(3.32	)	1.93		0.28		(2.29	)	6.64		0.96
Diluted	(3.33	)	1.91		0.28		(2.29	)	6.42		0.93

JD.com, Inc.
Unaudited Condensed Consolidated Statements of Operations
(In thousands and thousands, besides per share knowledge)

	For the three months ended						For the 12 months ended
	December 31, 2021		December 31, 2022		December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$		RMB		RMB		US$
(2) Consists of share-based compensation bills as follows:
Price of revenues	(33	)	(43	)	(6	)	(102	)	(143	)	(21	)
Achievement	(276	)	(246	)	(36	)	(882	)	(930	)	(135	)
Advertising	(173	)	(159	)	(23	)	(586	)	(631	)	(91	)
Analysis and growth	(430	)	(401	)	(58	)	(1,781	)	(1,557	)	(226	)
Common and administrative	(2,104	)	(1,287	)	(187	)	(5,783	)	(4,287	)	(622	)

(3) Consists of amortization of enterprise cooperation association and intangible belongings ensuing from belongings and enterprise acquisitions as follows:
Achievement	(56	)	(105	)	(15	)	(220	)	(392	)	(57	)
Advertising	(217	)	(211	)	(31	)	(854	)	(868	)	(126	)
Analysis and growth	(27	)	(90	)	(13	)	(104	)	(271	)	(39	)
Common and administrative	(78	)	(32	)	(5	)	(309	)	(161	)	(22	)

(4) Others are different non-operating earnings/(loss), primarily encompass good points/(losses) from honest worth change of long-term investments, good points/(losses) from enterprise and funding disposals, impairment of investments, authorities incentives, international alternate good points/(losses), curiosity earnings and good points/(losses) from honest worth change of short-term investments.

JD.com, Inc.
Unaudited Non-GAAP Internet Revenue Per Share and Per ADS
(In thousands and thousands, besides per share knowledge)

	For the three months ended			For the 12 months ended
	December 31, 2021	December 31, 2022	December 31, 2022	December 31, 2021	December 31, 2022	December 31, 2022
	RMB	RMB	US$	RMB	RMB	US$

Non-GAAP internet earnings attributable to atypical shareholders	3,565	7,659	1,111	17,207	28,220	4,094

Weighted common variety of shares:
Fundamental	3,111	3,136	3,136	3,107	3,126	3,126
Diluted	3,111	3,178	3,178	3,107	3,181	3,181
Diluted (Non-GAAP)	3,193	3,178	3,178	3,194	3,181	3,181

Non-GAAP internet earnings per share:
Fundamental	1.15	2.44	0.35	5.54	9.03	1.31
Diluted	1.11	2.41	0.35	5.38	8.86	1.29

Non-GAAP internet earnings per ADS:
Fundamental	2.29	4.88	0.71	11.07	18.06	2.62
Diluted	2.21	4.81	0.70	10.75	17.73	2.57

JD.com, Inc.
Unaudited Condensed Consolidated Statements of Money Flows and Free Money Circulate
(In thousands and thousands)

	For the three months ended						For the 12 months ended
	December 31, 2021		December 31, 2022		December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$		RMB		RMB		US$

Internet money offered by working actions	6,472		18,486		2,680		42,301		57,819		8,383
Internet money utilized in investing actions	(18,785	)	(17,908	)	(2,596	)	(74,248	)	(54,026	)	(7,833	)
Internet money (utilized in)/offered by financing actions	(3,426	)	(4,235	)	(614	)	19,503		1,180		171
Impact of alternate fee modifications on money, money equivalents and restricted money	(1,438	)	(976	)	(142	)	(1,498	)	3,490		506
Internet (lower)/improve in money, money equivalents and restricted money	(17,177	)	(4,633	)	(672	)	(13,942	)	8,463		1,227
Money, money equivalents and restricted money at starting of interval, together with money and money equivalents categorized inside belongings held on the market	93,870		89,789		13,018		90,635		76,693		11,119
Much less: money, money equivalents, and restricted money categorized inside belongings held on the market at starting of interval	—		—		—		(116	)	—		—
Money, money equivalents, and restricted money at starting of interval	93,870		89,789		13,018		90,519		76,693		11,119
Money, money equivalents, and restricted money at finish of interval, together with money and money equivalents categorized inside belongings held on the market	76,693		85,156		12,346		76,693		85,156		12,346
Much less: money, money equivalents, and restricted money categorized inside belongings held on the market at finish of interval	—		(41	)	(5	)	—		(41	)	(5	)
Money, money equivalents and restricted money at finish of interval	76,693		85,115		12,341		76,693		85,115		12,341

Internet money offered by working actions	6,472		18,486		2,680		42,301		57,819		8,383
Add/(Much less): Impression from JD Baitiao receivables included within the working money movement	1,301		1,194		173		2,492		(244	)	(35	)
Much less: Capital expenditures, internet of associated gross sales proceeds
Capital expenditures for growth properties	(3,867	)	(6,097	)	(884	)	(13,510	)	(17,504	)	(2,538	)
Different capital expenditures	(1,614	)	(1,539	)	(223	)	(5,055	)	(4,476	)	(649	)
Free money movement	2,292		12,044		1,746		26,228		35,595		5,161

JD.com, Inc.
Supplemental Monetary Info and Enterprise Metrics

	This autumn 2021	Q1 2022	Q2 2022	Q3 2022	This autumn 2022

Free money movement (in RMB billions) – trailing twelve months (“TTM”)	26.2	27.2	27.7	25.8	35.6
Stock turnover days ⁽ ⁵ ⁾ – TTM	30.3	30.2	31.5	31.7	33.2
Accounts payable turnover days ⁽ ⁶ ⁾ – TTM	45.3	45.0	49.4	50.4	52.5
Accounts receivable turnover days ⁽ ⁷ ⁾ – TTM	2.9	3.2	3.6	4.0	4.5

GMV
⁽
⁸
⁾
elevated by 5.6% for the total 12 months of 2022, as in comparison with the total 12 months of 2021.

(5) TTM stock turnover days are the quotient of common stock over the instantly previous 5 quarters, as much as and together with the final quarter of the interval, to price of revenues of retail enterprise for the final twelve months, after which multiplied by 360 days.

(6) TTM accounts payable turnover days are the quotient of common accounts payable for retail enterprise over the instantly previous 5 quarters, as much as and together with the final quarter of the interval, to price of revenues of retail enterprise for the final twelve months, after which multiplied by 360 days.

(7) TTM accounts receivable turnover days are the quotient of common accounts receivable over the instantly previous 5 quarters, as much as and together with the final quarter of the interval, to complete internet revenues for the final twelve months after which multiplied by 360 days. Offered are the accounts receivable turnover days excluding the impression from JD Baitiao.

(8) Gross Merchandise Quantity (GMV) is the overall worth of all orders for services positioned within the firm’s on-line retail enterprise and on the corporate’s on-line marketplaces, no matter whether or not the products are bought or delivered or whether or not the products are returned. GMV contains the worth from orders positioned on the corporate’s cellular apps and web sites in addition to orders positioned on third-party cellular apps and web sites which can be fulfilled by the corporate or by the corporate’s third-party retailers. The calculation of GMV contains delivery fees paid by patrons to sellers and for prudent consideration excludes sure transactions over sure quantities. The corporate believes that GMV solely supplies a measure of the general quantity of transactions that movement by means of the corporate’s platform in a given interval. Due to this fact, it shouldn’t be used as a monetary metric or business and peer comparisons.

JD.com, Inc.
Unaudited Reconciliation of GAAP and Non-GAAP Outcomes
(In thousands and thousands, besides proportion knowledge)

	For the three months ended						For the 12 months ended
	December 31, 2021		December 31, 2022		December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$		RMB		RMB		US$

Revenue/(Loss) from operations	(392	)	4,828		701		4,141		19,723		2,860
Add: Share-based compensation	3,016		2,136		310		9,134		7,548		1,095
Add: Amortization of intangible belongings ensuing from belongings and enterprise acquisitions	238		338		50		940		1,217		176
(Reversal of)/Add: Results of enterprise cooperation preparations	(13	)	100		14		(29	)	475		68
Reversal of: Achieve on sale of growth properties	(18	)	(150	)	(22	)	(767	)	(1,379	)	(200	)
Non-GAAP earnings from operations	2,831		7,252		1,053		13,419		27,584		3,999
Add: Depreciation and different amortization	1,331		1,646		238		5,293		6,018		874
Non-GAAP EBITDA	4,162		8,898		1,291		18,712		33,602		4,873

Complete internet revenues	275,908		295,446		42,836		951,592		1,046,236		151,690

Non-GAAP working margin	1.0	%	2.5	%	2.5	%	1.4	%	2.6	%	2.6	%

Non-GAAP EBITDA margin	1.5	%	3.0	%	3.0	%	2.0	%	3.2	%	3.2	%

JD.com, Inc.
Unaudited Reconciliation of GAAP and Non-GAAP Outcomes
(In thousands and thousands, besides proportion knowledge)

	For the three months ended						For the 12 months ended
	December 31, 2021		December 31, 2022		December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2022
	RMB		RMB		US$		RMB		RMB		US$

Internet earnings/(loss) attributable to atypical shareholders	(5,165	)	3,032		441		(3,560	)	10,380		1,507
Add: Share-based compensation	2,564		1,813		263		8,293		6,388		926
Add: Amortization of intangible belongings ensuing from belongings and enterprise acquisitions	193		225		33		853		845		123
Add/ (Reversal of): Reconciling gadgets on the share of fairness technique investments ⁽ ⁹ ⁾	283		200		29		(868	)	1,111		161
Add: Impairment of goodwill, intangible belongings, and investments	3,956		1,631		236		6,077		3,249		471
Add: Loss from honest worth change of long-term investments	1,890		1,041		151		7,295		3,985		578
Reversal of: Achieve on sale of growth properties	(4	)	(117	)	(17	)	(685	)	(1,127	)	(163	)
(Reversal of)/Add: Internet (acquire)/loss on disposals/deemed disposals of investments and others	(65	)	(27	)	(4	)	(134	)	3,464		502
(Reversal of)/Add: Results of enterprise cooperation preparations and non-compete agreements	(32	)	100		14		(106	)	463		67
(Reversal of)/Add: Tax results on non-GAAP changes	(55	)	(239	)	(35	)	42		(538	)	(78	)
Non-GAAP internet earnings attributable to atypical shareholders	3,565		7,659		1,111		17,207		28,220		4,094

Complete internet revenues	275,908		295,446		42,836		951,592		1,046,236		151,690

Non-GAAP internet margin	1.3	%	2.6	%	2.6	%	1.8	%	2.7	%	2.7	%

(9) To exclude the GAAP to non-GAAP reconciling gadgets on the share of fairness technique investments, and share of amortization of intangibles not on their books.