JD.com, Inc. (NASDAQ: JD) shares tumbled Friday as a leading supply chain-based technology and service provider, rolled out third-quarter figures.
Net revenues were RMB243.5 billion ($34.2 billion U.S,), an increase of 11.4% from the third quarter of 2021. Net service revenues for the third quarter of 2022 were RMB46.5 billion ($6.5 billion U.S.), an increase of 42.2% from the third quarter of 2021.
Income from operations was RMB8.7 billion ($1.2 billion U.S.), compared to RMB2.6 billion for the same period last year. Non-GAAP income from operations was RMB9.9 billion ($1.4 billion U.S.) for the third quarter of 2022, as compared to RMB4.6 billion for the third quarter of 2021. Operating margin of JD Retail before unallocated items for the third quarter of 2022 was 5.2%, compared to 4.0% for the third quarter of 2021.
Net income proved to be RMB6.0 billion ($800 million U.S.), compared to a net loss of RMB2.8 billion for the same period last year. Non-GAAP net income attributable to ordinary shareholders for the third quarter of 2022 was RMB10.0 billion ($1.4 billion U.S.), as compared to RMB5.0 billion for the same period last year.
Operating cash flow for the 12 months ended September 30 was RMB45.8 billion ($6.4 billion U.S.), compared to RMB41.0 billion for the 12 months ended September 30, 2021.
JD shares opened Friday off $1.40, or 2.4%, to $56.12.
