JINGDONG Industrial (7618) investor relations material

Executive summary

• H1 2026 revenue rose 27.4% YoY to RMB13.06bn; profit for the period increased 37.2% to RMB619.2m and non-IFRS profit rose 43.4% to RMB751.5m.

• Growth was supported by deeper key-account engagement, broader customer reach and AI integration across procurement, fulfillment and operations.

Financial highlights

• Revenue increased 27.4% YoY to RMB13.06bn; product revenue rose 28.2% to RMB12.29bn and service revenue increased to RMB777.5m from RMB668.4m.

• Gross profit rose 26.8% to RMB2.41bn; gross margin was 18.5% versus 18.6% in H1 2025, and operating income grew 38.1% to RMB530.4m.

• Profit for the period was RMB619.2m versus RMB451.3m; basic and diluted EPS were both RMB0.23, versus RMB0.22 and RMB0.18, respectively.

• Non-IFRS profit rose 43.4% to RMB751.5m; non-IFRS operating income increased 47.1% to RMB648.8m. Prior-period non-IFRS figures were retrospectively recast.

• Operating cash flow was RMB542.8m versus RMB292.5m; total comprehensive income was RMB348.9m, including RMB270.3m of other comprehensive loss.

Outlook and guidance

• Priorities include deepening customer relationships, entering more production scenarios and product categories, and acquiring customers in emerging industries.

• Digital and intelligent capabilities are intended to improve industrial-chain connectivity, collaboration, efficiency and sustainable development.