JD INDUSTRIALS (07618) announced its audited consolidated results for the year ended December 31, 2025. Revenue rose 17.4% year over year to 23.95 billion RMB, compared to 20.40 billion RMB in the previous year. Gross profit amounted to 4.17 billion RMB, a 25.8% increase. Profit for the year jumped to 2.31 billion RMB, up 203.8% year over year, with a net margin of 9.7%, compared to 3.7% in 2024.

Non-IFRS figures indicate continuing momentum: non-IFRS operating income grew to 1.01 billion RMB, and non-IFRS profit totaled 1.13 billion RMB, representing a 5.3% increase from 2024. The non-IFRS profit margin stood at 4.7%.

According to the report, JD INDUSTRIALS continued to focus on enhancing industrial supply chain capabilities and scaling its end-to-end digital solutions. It deepened partnerships with key accounts, leading to a 26.5% increase in gross merchandise value from large clients. In the micro, small, and medium segment, JD INDUSTRIALS improved an integrated online-offline service model to provide one-stop sourcing and transparent procurement experiences.

During the period, the company officially introduced JoyIndustrial, a large model aimed at strengthening industrial supply chain intelligence. This initiative is designed to bring advanced AI capabilities to functions such as product governance, procurement, and fulfillment.

In December 2025, JD INDUSTRIALS was successfully listed in Hong Kong, raising net proceeds of about 2.55 billion RMB. As of December 31, 2025, the organization recorded total assets of 19.25 billion RMB. No dividend was proposed for the reporting period, and the company indicated it intends to continue using net proceeds for strengthening supply chain infrastructure, expanding geographically, and pursuing potential strategic investments.