JD.com first quarter net loss 3 billion, Xu Lei: April order cancellations increased, May improved

JD.com Group (Nasdaq: JD) was the first to submit its first quarterly report. 

The financial report released by JD.com on May 17 shows that in the first quarter of this year, JD.com’s total revenue was 239.70 billion yuan, an increase of 18% year-on-year, and the market is expected to be 236.70 billion yuan. Operating profit was 2.40 billion yuan, compared with 1.70 billion yuan in the same period last year. Net loss attributable to common shareholders 3 billion yuan, while net profit in the same period last year was 3.60 billion yuan. 

For the reason for the loss, JD.com explained that it was mainly due to the continuous investment in infrastructure, technology research and development, employee compensation and benefits, reducing the impact of the epidemic and giving profits to consumers. At the same time, since JD.com completed the subscription of Dada Group’s common shares in February, Dada’s revenue was also reported in the first quarter of JD.com. 

As of the close of U.S. stocks on May 17, JD.com rose 4.15% to close at $53.67.

Xu Lei: The epidemic has put pressure on the retail business, and the number of order cancellations has increased in April

According to the breakdown data, JD.com’s total revenue is mainly divided into four parts: retail, logistics, Dada, and new business. The financial report shows that under the influence of the epidemic, JD.com’s core business retail is still relatively stable, with total revenue reaching 2175.24 billion yuan, an increase of 17.07% year-on-year. Its operating profit was 7.891 billion yuan, an increase of 7.5% year-on-year. 

During the conference call, JD.com CEO Xu Lei was also pressed about the specific impact of the epidemic. He admitted that the number of order cancellations in April had increased significantly, and it had improved by May. At the same time, major cities including Beijing, Shanghai, Guangzhou and Shenzhen have been affected by the epidemic, and inventory sales of communications electronics, clothing, etc. have slowed down.

Xu Lei said that Omicron has a dual impact on online and offline consumption. He believes that the test of the epidemic has given JD.com’s supply chain capabilities and organizational scheduling capabilities the opportunity for torture testing and iteration. "In the environment of increasing uncertainty under the influence of the epidemic, JD.com is more strictly controlling the pace of investment and focusing on efficiency, while also better reducing costs and increasing efficiency and resisting the impact of external factors." 

Regarding the upcoming 618, Xu Lei said that due to the impact of offline consumption, brands and merchants may be more actively involved in the online e-commerce shopping festival, which will also improve the performance of the second quarter as much as possible. 

It is worth noting that the overall number of active users of JD.com has improved: the financial report shows that the number of active purchasing users of JD.com in the past 12 months increased by 16.2% compared with the 499.80 million in the same period of 2021 to 580.50 million. In particular, the average shopping frequency of users in the first quarter of this year reached a record high, and the average user contribution revenue value (ARPU) was close to the highest in three years. 

According to the financial report, in addition to the impact of the epidemic and R & D investment mentioned earlier, JD.com lost money in the first quarter for other reasons. Some of them were caused by investment losses: JD.com lost 1.10 billion yuan in the first quarter based on the equity method, and 700 million yuan in the same period last year. JD.com said it was mainly due to the losses of several investees calculated by the shared equity method. 

There is also the impact of the merger of Dada: other non-operating losses in the first quarter were 3.90 billion yuan, compared with a profit of 2 billion yuan in the same period last year. JD.com said that the loss was mainly due to the change in the share price of the acquisition of Dada, resulting in a confirmed loss of 3.60 billion yuan and the change in the fair value of investment securities due to fluctuations in the market price of equity investments in listed companies. 

Community group buying losses fell month-on-month, and "shut down and transfer" has been adopted

Another reason for JD.com’s loss is from new business, which mainly includes community group buying business such as Jingxi and Jingxi Pinpin. 

The financial report shows that the loss margin of the new business sector has decreased month-on-month. The first quarter recorded an operating loss of 2.39 billion yuan, and the same period last year was a loss of 2.28 billion yuan. Compared with the huge loss of 3.22 billion yuan in the previous quarter, the loss margin has narrowed. 

"In the first quarter, the operational efficiency of Jingxi Pianpin improved." Xu Lei said in a conference call that due to the continuous pressure on user growth since the end of last year, the new business segment was adjusted in the first quarter, and projects that were unfavorable for short-term commercialization were shut down and transferred. In the future, it will continue to focus on key businesses. Xu Ran, CFO of JD.com, also said that JD.com has taken new cost control measures since March.

Previously, the surging news reporter was informed that the Jingxi business unit has been downsizing and optimizing in some areas, with a proportion of about 10-15%, mainly concentrated in the Jingxi business. 

JD.com’s logistics loss declined year-on-year, and JD.com’s order performance rate was basically normal except for Shanghai

Another "big money burner" JD.com logistics performed better this quarter.

The financial report shows that the total logistics revenue of JD.com in the first quarter was 27.40 billion yuan, an increase of 22% year-on-year, of which the external customer revenue reached 16 billion yuan, accounting for 58.4%, and the customer revenue from the integrated supply chain reached 17.90 billion yuan; after adjustment, the net loss was 798 million yuan, the loss of 1.366 billion yuan in the same period last year, narrowing 41.6% year-on-year. 

"Except for the Shanghai area, the current performance rate of JD.com orders is basically normal." Xu Lei said that in the future, JD.com will continue to strengthen its supply chain, warehousing, distribution, performance and algorithm capabilities to meet the needs of the macro environment.

For its role in Shanghai’s fight against the epidemic, JD.com Logistics said that it has transported more than 80,000 tons of materials, including rice noodles, grains and oils, medicines, mother and baby products, to Shanghai by air, sea, railway, highway and other means; it has mobilized more than 4,000 couriers, sorters and other front-line employees across the country to support Shanghai’s operation and material distribution.

At the same time, JD.com Logistics has also landed more than 1,600 contactless community supply stations, deploying more than 100 intelligent express vehicles and dozens of indoor delivery robots to carry out contactless distribution of materials for closed communities, makeshift hospitals and other places. 

By the beginning of May, JD.com Logistics had resumed national logistics for merchants in Shanghai, Jilin and other places, basically achieving full normal business. The order volume of Shanghai merchants in JD.com has returned to more than 60% before the closure of the epidemic. In addition, JD.com has helped merchants reduce operating costs by reducing "three fees" and other support measures. As of early May, it has reduced fees for settled merchants by more than 200 million yuan. 

As of March 31 this year, JD.com Logistics operated about 1,400 warehouses, including the cloud warehouse area managed by JD.com Logistics, with a total storage area of more than 25 million square meters. Compared with the fourth quarter of 2021, JD.com Logistics added 100 warehouses in one quarter, and the total storage area increased by 1 million square meters.

"Comedy Story 2" Ruoyun Zhang lost Guo Tao’s acting skills and was praised. Michael Chen warmly staged a family comedy.

Video: The performance of Ruoyun Zhang He Huan’s "No One in the Curtain" is funny and funny, and the behind-the-scenes story comedy story is 171202.

Last Saturday night, the sixth issue of the comedy variety vivo, which was jointly produced by Zhejiang Satellite TV, Joy Media, Zhonghe Media and Hebao Entertainment, laughed as scheduled in the second season. In the program, four groups of cross-border partners fight for brains and laugh, and the four wonderful works are full of creativity. Michael Chen’s "doing things" at home was rectified by his wife Han Yunyun. Guo Tao "stepped in" as a new crosstalk force, and the typhoon steadily became a crosstalk master. Amanda and Sang Mingsheng joined hands with Wang Ning to perform a humorous superhero. Ruoyun Zhang’s partner, He Huan, had a fantastic idea and presented the most hilarious "play in play".

Enter the blueberry video to watch the latest full video of comedy story season 2 > >

Little people, big feelings!

Michael Chen’s warm heart staged a family comedy, and Guo Tao entered the "new force of cross talk"

Jia Ling, the captain of the team, said that Chen He, an actor who has a talent for comedy, came to "do things" again. In last week’s program, he vividly performed a family comedy "Fate to Family". Michael Chen, who plays her husband, is still "cheap and cute". After partying with friends at home, facing Han Yunyun, a "fierce wife", all kinds of skills of coquetry and lying can’t escape the anti-routine rectification conspired by Han Yunyun and his friends. The contradictory plot is full of joy, and the ending of returning to the family is happy and warm.

Actor Guo Tao made his debut in cross talk last week, joined the "new cross talk force" Lu Xin and Yu Hao, the "bass brothers", and tacitly performed a stunning cross talk "Crazy Cross Talk". Although it’s the first time for me to get in touch with cross talk, Guo Tao Typhoon is steady and fluent, and she can freely switch between the roles of "Joker" and "Joker", and this work combines traditional culture with popular rap in an innovative way, which is refreshing. Guo Tao won the only promotion place in this wheel battle with her stunning cross talk debut, and completed another breakthrough on the comedy stage.

Speak with your works and circle powder with your strength!

Amanda and Wang Ning’s performance of "Superman Couple" and Ruoyun Zhang’s "Nobody in the Act" was praised.

In last week’s program, the goddess Amanda once again set herself free, playing a female superhero hidden behind the identity of "truck driver", who is not only responsible for beauty, but also for earning money to support her family. As soon as the special guest Wang Ning appeared, she appeared as a "family cook" and played Amanda’s husband. Such a plot mode of "exchange of people’s designs" gave birth to a lot of joy. The hidden "Superman couple" and the "bad guys’ alliance" are even more ingenious, and the stunt of "cheap feeling" caused bursts of laughter.

Ruoyun Zhang and He Huan’s work "Nobody in the Curtain" is full of creativity. They took "drama performance" as the creative background of the story and performed a farce of "drama in the play". In the performance of "first hero" played by Ruoyun Zhang, a series of absurd stage accidents were caused by eating noodles "behind the scenes". As a director, He Huan tried to save the scene, but the performance was "worse". The actors on the stage were stimulated by this series of accidents, and staged a series of expression packs of "Have you experienced despair" in minutes, full of laughter. At the end of the program, netizens left messages: "call for this hilarious program", "The plot, jokes, acting and creativity are all online, and such a good work is really a pity."

What should some operators do if they start to reduce the frequency of 2G networks and still use 2G mobile phones?

  BEIJING, April 18 (Reporter Wu Tao) Recently, it was reported that China Unicom would close its 2G network. China Unicom issued an announcement in response, and is promoting the frequency reduction of 2G networks in an orderly manner. What is frequency reduction in 2G networks? Will it affect consumers and why?

  Multi-operators start network frequency reduction

  For the frequency reduction of 2G networks, the reporter consulted the three major operators respectively. China Unicom said,The frequency reduction of 2G network can’t be called closing 2G network, because users are still on 2G network, but there is a process of frequency reduction and slimming step by step..

  Some insiders who don’t want to be named said that the gradual frequency reduction of 2G is actually the gradual withdrawal of 2G from the network, and the complete disappearance of 2G base stations means that 2G is completely withdrawn from the network; At present, the three major operators are still in a state where 2G, 3G and 4G networks coexist.

  According to an insider of China Mobile,China Mobile has no plans to quit the network for 2G at present.. As of press time, China Telecom has no reply.

  However, Fu Liang, an independent telecom analyst, revealed in an interview with Zhongxin.com that in fact, all three major operators are doing network frequency reduction work, and China Unicom is still the latest; Among them, China Mobile is doing 3G network frequency reduction.

  Will consumers be affected?

  According to the data released by China Unicom, by the end of February, there were 289 million users in China Unicom, including 187 million 4G users. It is reported that China Unicom’s 2G users account for about 2% of its total users, which means that China Unicom has more than 500 million 2G users.

  Will these users be affected by the frequency reduction of 2G networks? China Unicom said that it willTake various preferential measures, such as replacing mobile phone cards for free, giving away experience traffic, and offering preferential purchase, to assist existing 2G customers to upgrade to 4G networks.In this process, the existing 2G customer service will not be affected.

  Xiang Ligang, an expert in communication industry, believes that the frequency reduction of the 2G network of China Unicom is not affected by the vast majority of consumers.

  Fu Liang believes that it is impossible for 2G users to have no impact at all. It can only be said that it is less affected. After frequency reduction, 2G network coverage may be insufficient in some places, "butFrequency reduction does not mean that the 2G network cannot be used, because there are still 2G base stations.. "

  The reporter noted that, despite the current 4G era, 2G or 3G networks still play a role. Some users said in an interview with Zhongxin.com, "I still feel that the existence of 2G networks is better becauseIn some places, there is no 4G network coverage. When passing through these places, the mobile phone will automatically switch to 3G or 2G networks, and there is still a process of connecting when using it, or it will be disconnected."

  Data Map: There are more and more 4G users. The picture shows Shenyang citizens using the 4G network to surf the Internet for free on the bus. China News Agency issued by Haiyang Photo

  Why do you want network frequency reduction?

  Since there are still users, why do you want to reduce the frequency of 2G networks?

  Fu Liang said that it turned out that2G network occupies some frequency bands, and some frequency bands are scarce, which can be said to be valuable resources. After reuse, it can be used in 4G network construction., which is conducive to improving network quality and network wide-area coverage.

  China Unicom also indicated that the bandwidth resources will be used for higher 4G networks and deployment.

  "In addition, with the decrease of 2G and 3G users, its network capacity is more and more surplus, and its base station and other facilities are increasingly uneconomical to invest in operation and maintenance, which is another reason." Fu Liang said.

  This is true. According to the latest data from the Ministry of Industry and Information Technology, as of the end of February, the number of mobile phone users of the three major operators reached 1.44 billion, of which the total number of 4G users reached 1.03 billion, and 4G users accounted for 71.6% of mobile phone users.

  However, the data of the Ministry of Industry and Information Technology also showed that as of the end of February,The total number of mobile broadband users (namely 3G and 4G users) reached 1.17 billion. This means that there are still 270 million 2G users, which is still a huge number..

  In view of this, Fu Liang believes that it is impossible for the three major operators to shut down the 2G network at once. Network frequency reduction is a gradual process, and 2G users do not have to worry too much.

  "It should also be pointed out that if the equipment used by 2G users supports WCDMA, even if China Unicom shuts down the 2G network, it will still have no impact on them." Fu Liang said. (End)

The booth map is released! The 22nd Qingdao International Auto Show in 2023 kicked off on April 28th!

Original title: booth map release! The 22nd Qingdao International Auto Show in 2023 kicked off on April 28th!

Source: Qingdao News Network Automobile

Original title: booth map release! The 22nd Qingdao International Auto Show in 2023 kicked off on April 28th!

Source: Qingdao News Network Automobile

From April 28th to May 3rd, 2023, the 22nd Qingdao International Auto Show will be held in Qingdao International Convention and Exhibition Center (Laoshan District). The 22-year authoritative grand meeting brought nearly 100 brands to Qingdao to explode the May Day holiday!

The countdown to the opening ceremony is 3 days, and the most comprehensive exhibition strategy is hot. Everything you want to know is here!

Brand release

This exhibition opened the indoor exhibition halls 1-6 and some outdoor exhibition areas of Qingdao International Convention and Exhibition Center, attracting more than 90 automobile brands to bring thousands of display models, covering new energy and fuel, passenger, commercial, business and luxury. Brands gather together to link the whole city to meet everyone’s viewing and purchasing needs in one stop and all directions.

Hall 1

Link, BYD, Buick, FAW Toyota, smart, Ruilan, Changan Ford, FAW-Volkswagen, FAW-Volkswagen New Energy, SAIC Volkswagen, SAIC Volkswagen New Energy, GAC Ai ‘an, Deep Blue Automobile, Ideality, AMG.

No.2 hall

Lincoln, Volvo, Cadillac, Mercedes-Benz, Maibakh, Mercedes-Benz EQ, AMG, Mercedes-Benz Business, Janice, Aouita, Jaguar Land Rover, Zhiji, Weilai, BMW, MINI and Krypton.

No.3 hall

Landev, FAW-Volkswagen Jetta brand, Changan Auchan, Euler, SAIC MG, FAW Pentium, Chery, Roewe, Geely, Changan Mazda, GAC Chuanqi, Changan Automobile, Haval, Great Wall Gun, dongfeng fengshen, Chevrolet, Radar, Zero Run, Lexus, FAW Audi, Beijing Automobile, Dongfeng Citroen, Xingtu.

No.4 hall

Dongfeng Nissan, Volkswagen, Eastman, AITO Wenjie, Xpeng Motors, Volvo New Energy, Meide Commercial Vehicle, Dongfeng Honda, SAIC Audi, Guangqi Honda, Weipai, Tank, GAC Toyota, Nezha, Polar Fox, FAW Hongqi, Kia.

No.5 hall

Tengshi, Nachoda, Feifan, Lantu, Jiangling Ford.

No.6 hall south plaza

BYD, Qichen, Geely and GAC Chuanqi Test Drive Experience Zone

Dozens of press conferences will be held on the first day.

As the "wind vane of the northern automobile market", many brands regard Qingdao International Auto Show as a strategic platform for the release of the latest models. This exhibition, Weilai EC7, Buick E5, Weipai Lanshan, Nezha GT, Dongfeng Honda HR-V, Volvo’s new C40, FAW Hongqi H6, Lincoln’s new generation navigator, SAIC Volkswagen Xintuyue, Dongfeng Citroen Versailles modified version, a new generation of Starway Chasing Wind, 2023 tank 500, Kia Satus, Changan Mazda CX-50, Geely Bo Yue cool, Changan Automobile No. More than 30 press conferences will be held on the first day, including the new generation Land Rover Range Rover Sport Edition, Lantu Chasing Light, FAW Pentium M9, Guangqi Honda 11th New Accord, Changan Ford Sharp L and Euler Ballet Cat.

Two new cars, BJ60 and X7, will be launched in Qingdao.

Guangzhou Automobile Chuanqi will release two new cars, Shadow Leopard 2.0T and E9.

Lexus made its debut in Qingdao with new RZ and RX.

Qin PLUS EV Champion Edition, Yuan Pro, Seagull, 2023 e2, Destroyer 07, BYD brought five latest models for heavy release on the first day, Starlight Glimmer.

In addition, Krypton X, Lectra 08, Tucki P7i, Aouita 11, brand-new BMW 7 Series, brand-new smart #3, Guangzhou Automobile AION Y younger, Dongfeng Nissan brand-new Sylphy, Zhiji LS7, Changan Auchan Z6 iDD…… … There are countless star models in this exhibition. The rise of new energy vehicles has accelerated the scientific and technological progress and iterative speed of the automobile industry. All brands are striding forward in the direction of "intelligence, electric power and internet of things", and the new atmosphere covers almost every booth on the scene.

At the scene, new energy is still a big attraction. BYD, Ruilan, FAW-Volkswagen New Energy, SAIC-Volkswagen New Energy, GAC Ai ‘an, Deep Blue Automobile, Ideality, Mercedes-Benz EQ, Aouita, Zhiji, Weilai, Extreme Krypton, Blue Electric Automobile, Euler, Zero Run, Radar, AITO Wenjie, Xpeng Motors, Volvo New Energy, Nezha, Extreme Fox, Tengshi, Feifan, Lantu … more than twenty.

Cash drops by 10,000 yuan, and manufacturers make profits in a limited time.

The automobile sales data from January to March this year is not optimistic, and the task of boosting the market is arduous. The switching date of "National Six B" is getting closer and closer, and the inventory pressure of "National Six A" is difficult to ease quickly. This spring auto show will undoubtedly be like a "life-saving straw" for the automobile market in the first half of the year, and participating brands will also come up with surprising preferential policies to seize the opportunity.

Geely’s limited time discount reached 45,000 yuan, Lorenz’s limited time dropped to as high as 50,000 yuan, and Changan Auchan’s cash dropped to 17,000 yuan; In addition, in order to give back to your friends’ concern and support for Qingdao International Auto Show, the organizing committee also set up a car lottery, and the gift auto show such as color TV, Nachoda full window film+car wash coupon, oven, air fryer and cooking oil will be released in a limited time.

Details of the lucky draw

From April 28 to May 3, 2023, after the successful car purchase at the exhibition site, the car buyer can take part in the lucky draw in Hall 5 with his original ID card, payment voucher of the day, car booking form and original car purchase contract.

The above valid vouchers must be complete, original and stamped with a valid seal, and copies, photos and screenshots are invalid;

The payee of the payment voucher must be consistent with the contracting party;

Each car buyer is only allowed to participate once during the exhibition period;

Participate in the order on the same day, but not the next day;

Limited to the top 50 every day, the collection time is 10:00-15:00 every day.

Audience admission time

On April 28th, it will be closed from 9: 00 to 17: 00 and 17: 30.

From April 29th to May 2nd, it will be closed from 9: 00 to 18: 00 and 18:30.

On May 3rd, it will be closed at 9:00-15:30 and 16:00.

traffic route

Subway route: Line 2 to "Miao Ling Road", transfer to Line 11 at the station to "Convention and Exhibition Center", and get there at exit B.

Driving Navigation: Qingdao International Convention and Exhibition Center, No.9 Miao Ling Road.

Spectator parking guide

East Gate Audience Parking Area and South Gate Audience Parking Area: Located in East Square and South B Square of Qingdao International Convention and Exhibition Center, with entrances at Yunling Road and Miao Ling Road respectively, and open at 9:00 every day from April 28th to May 3rd.

Underground spectator parking area of Haitian Financial Hotel: It can be accessed from the main entrance of Xianxialing Road Hotel or the entrance of Yunling Road, and is open to exhibitors and spectators from April 28th to May 3rd.

The spectator parking area of Jinjialing School: accessible from the entrance of Yunling Road, with a guide at the door, and open to exhibitors and spectators from April 29th to May 3rd.

The above parking areas are charged parking fees by their management units.

(If the parking area is adjusted, it will be posted at the top of the comment area at the bottom of this article. Please check the latest information before you leave every day. )

Love book donation activity

Activity rules: donate idle children’s books at home (suitable for children under 12 years old, with intact pages and over 90% new), and every five books can be exchanged for two tickets for the commemorative edition of this exhibition, and a thank-you letter from the organizing Committee will be given.

Tickets for the commemorative edition are limited to 1000 tickets on a first-come-first-served basis.

Venue: South Square, Hall 6, Qingdao International Convention and Exhibition Center

About tickets

Friends who want to participate in the ticket-giving activities can scan the code to enter the WeChat group chat below and participate in the "Free Ticket Grab Activity" of Qingdao News Network.