JD.com Inc. revealed on Thursday that its total consolidated net revenues stood at 260.4 billion yuan ($37.1 billion) in the third quarter of fiscal 2024, advancing by 5.1% from the same quarter in the previous year.
The e-commerce company's diluted net income per American depositary share (ADS) was 7.73 yuan ($1.10) in the reported quarter, jumping by 54.6% year-on-year. Net income attributable to the Company's ordinary shareholders reached 11.7 billion yuan ($1.7 billion) in the quarter ended September 30, growing by 47.8% compared to the same quarter in 2023.
"We saw an uptick in our topline growth, as well as healthy profitability in the third quarter, as overall consumer sentiment continued to brighten. During the quarter, we were able to play an important role in China's trade-in program, thanks to our leading supply chain capabilities and fulfillment infrastructure that we've built over the past two decades," CEO Sandy Xu stated.
