Earnings Highlights - JD.com

LONDON, December 9, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings highlights on JD.com Inc. (NASDAQ: JD). On November 17, 2014, the company reported its unaudited financial results for Q3 FY14 (period ended September 30, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on JD.com Inc. (JD.com). In Q3 FY14, the company's net revenues rose 61% on a Y-o-Y basis, and its net loss per ADS (American Depositary Shares) narrowed by RMB0.66 per share from Q3 FY13. The founder, Chairman and CEO of JD.com, Richard Liu, stated that the company maintained excellent momentum in Q3 FY14 as it saw stronger than expected Y-oY growth in both gross merchandise volume and active customer accounts. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

JD.com's Q3 FY14 net revenue increased to RMB29.0 billion (US$4.7 billion), from RMB18.0 billion in Q3 FY13. The company's Q3 FY14 revenues outperformed Bloomberg analysts' forecasts of RMB28.6 billion. During Q3 FY14, JD.com's revenue from its Online direct sales segment increased to RMB27.4 billion (US$4.5 billion), from RMB17.5 billion in Q3 FY13. On the other hand revenue from its Services and others segment grew to RMB1.6 billion (US$267.7 million) from RMB577.9 million in Q3 FY13. Further, JD's Q3 FY14 GMV (gross merchandise volume) surged 111% Y-o-Y to RMB67.3 billion (US$11.0 billion) from RMB31.9 billion in Q3 FY13. The company informed that the increase in its net revenues and GMV were primarily attributable to the growth in its active customer accounts from 22.1 million in Q3 FY13 to 46.1 million in Q3 FY14, and the growth in the number of fulfilled orders from 81.5 million in Q3 FY13 to 178.2 million in Q3 FY14.  The free research on JD can be downloaded as in PDF format at:

http://www.Investor-Edge.com/JDFreeReport

Mr. Liu mentioned that JD.com solidified its market leadership through multiple initiatives to enhance customer experience, extend coverage in lower-tier cities, and increase mobile penetration and position JD.com as the most trusted e-commerce platform in China. He added that GMV generated from the company's marketplace tripled compared to Q3 FY13 as the company expanded its merchant base and diversified its product offerings. The company also improved its mobile offerings on both the JD.com native app and its level-one access points on Weixin and Mobile QQ, spurring mobile orders to grow more than five times year-over-year, he added.

The company's total operating expenses during Q3 FY14 increased to RMB29.4 billion (US$4.8 billion) from RMB18.1 billion in Q3 FY13. JD.com reported a net loss of RMB164.4 million (US$26.8 million) in Q3 FY14, compared to a net income of RMB75.0 million in Q3 FY13. As per the company, the change was primarily due to amortization of intangible assets resulting from assets and business acquisitions related to the Tencent strategic partnership. Meanwhile, on non-GAAP basis, the company's Q3 FY14 net incomeincreased to RMB370.8 million (US$60.4 million), from RMB141.2 million in Q3 FY13. The company's non-GAAP net margin for Q3 FY14 improved to 1.3% from 0.8% in Q3 FY13. JD.com's net loss per ADS for Q3 FY14 decreased to RMB0.12 (US$0.02) from RMB0.78 in Q3 FY13. Analysts from Bloomberg had expected the company to report net loss of RMB0.25 per ADS. Further, on non-GAAP basis, JD.com's net income per ADSfor Q3 FY14 increased to RMB0.27 (US$0.04), from RMB0.17 in Q3 FY13. Sign up and read the free analyst's notes on JD at:

http://www.Investor-Edge.com/JD-09122014

Looking forward, JD.com will continue to improve its customer experience by extending its industry leadership in product authenticity, rapid delivery, and superior customer service, stated Mr. Liu.

For Q4 FY14, JD.com expects its net revenues to be between RMB32 billion and RMB33 billion, representing a growth rate between 59% and 64%, on Y-o-Y basis.

Stock Performance  

On the day of the earnings release, November 17, 2014, JD.com's stock witnessed a decline of 7.44%, thus ending the session at $25.00. Although the stock has moved both ways since then, the losses have outweighed the gains so far. On the last close, Monday, December 08, 2014, stock finished at $23.24, 2.56% below its previous day's closing price of $23.85, after vacillating between $22.86 and $23.70. A total of 17.04 million shares were traded, which was much above its three months average volume of 5.41 million shares. The company's shares have declined 6.06% in the last one month and 20.22% in the previous three months. Shares in JD.com closed below their 50-day moving average of $24.92. Furthermore, the stock has a Relative Strength Index (RSI) of 45.85. Visit Investor-Edge and access the latest research on JD at:

http://www.Investor-Edge.com/JDEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month JD.com has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on JD is available at:

http://www.Investor-Edge.com/JDInsiderTrading

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