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JD.com | 6-K: Announces Fourth Quarter and Full Year 2023 Results, Annual Dividend and Share Repurchase Program

SEC announcement · Mar 6 06:13

JD +6.12%

Summary by Moomoo AI

JD.com, Inc., a leading technology and service provider, announced its unaudited financial results for the fourth quarter and full year of 2023 on March 6, 2024. The company reported a 3.6% increase in net revenues for Q4 and a 3.7% increase for the full year compared to the previous year. JD.com also declared an annual cash dividend of US$0.38 per ordinary share and a share repurchase program of up to US$3.0 billion over the next 36 months. The company's net income attributable to ordinary shareholders for Q4 was RMB3.4 billion (US$0.5 billion), an increase from the previous year, with a full-year net income of RMB24.2 billion (US$3.4 billion), more than doubling from 2022. The diluted net income per ADS for the full year was RMB15.23 (US$2.14), a significant increase from RMB6.42 in 2022. JD.com's CEO and CFO highlighted the company's focus on user experience and market share expansion, which contributed to the strong financial results. The company's board approved the dividend payment for shareholders as of April 5, 2024, with payments expected around April 23 and April 29 for ordinary shares and ADS holders, respectively.

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