Why, JD? COM 2065 438+07 Net income in the first quarter exceeded Wall Street expectations?

On May 8th, 20 17, Beijing time, JD.COM Group released the first quarter results of 20 17.

Analysis:

This quarter, JD.COM has split the original clothing and home business department, and established the big clothing business department and home life business department respectively. In the future, these two business departments will inject stronger development momentum into JD.COM. In the first quarter of 20 17, the total transaction volume of daily-use commodities and other commodities was 965,438.05 billion yuan, up 48% compared with the same period of last year, and the proportion of the total transaction volume rose from 48% in the first quarter of 20 16 to 50%.

This quarter, JD.COM accelerated the introduction of internationally renowned brands to meet the needs of domestic consumption upgrading. Recently, the cooperation between Wal-Mart and JD.COM has deepened again. Following the cooperation with Sam Store, ASDA, a famous British supermarket brand, was officially introduced to China as the official flagship store of global procurement. JD.COM Global Buy also cooperates with many top brands in the world, such as Bayer, Inferno and Cetaphil. The official flagship store of Yang Ya, an internationally renowned cosmeceutical brand, officially entered the self-operated platform in JD.COM this quarter. EA7 Emporio Armani, Armani jeans and Emporio Armani underwear series of giorgio armani S.p.A, an internationally renowned luxury goods company, also set up their own flagship stores in JD.COM.

According to authoritative data, JD.COM. Net inCOMe of com reached 76.2 billion yuan, up 465,438+0.2% year-on-year, operating profit reached 843,654,388+0 billion yuan, and non-GAAP operating profit reached 65,438+0.7 billion yuan.

JD.COM has been insisting on strengthening operation management, and all the operation indicators in the first quarter of 20 17 have remained at the leading level in the industry. As of March 3 17, 20 17, the inventory turnover days of JD.COM in recent months 12 months were 37. 1 day, which was much lower than that of similar enterprises in the industry.

As of March 3, 20 17, the operating cash flow of JD.COM in the past two months was RMB 102 billion yuan, up by 405% year-on-year. Excluding the influence of JD Finance included in the operating cash flow, the free cash flow of JD.COM in the past 12 months was 168 billion yuan, up 120% year-on-year.