JD Logistics (02618) announced its third-quarter results for the period ending September 30, 2025. The group recorded revenue of RMB55.08 billion (same unit applies), representing a year-on-year increase of 24.1%. Pre-tax profit stood at RMB2.09 billion, down 20.4% YoY, while profit attributable to company owners reached RMB2.03 billion, a decline of 7.92% YoY.
The company continues to promote the widespread adoption of integrated supply chain solutions. In Q3 2025, revenue from integrated supply chain clients totaled RMB30.1 billion, up 45.8% YoY. External integrated supply chain client revenue rose to RMB8.9 billion, growing 13.5% YoY, maintaining the trend of both client numbers and average revenue per client increasing year-on-year.
JD Logistics achieved steady growth across multiple industries. In the home appliances sector, the company expanded end-to-end supply chain coverage, leveraging digital capabilities to streamline full-chain information and enhance operational efficiency. In Q3 2025, collaboration with a leading home appliance brand extended to front-end logistics from factories to warehouses. The "Aggregated Shared Distribution" model reduced transit points, lowering costs for clients. Additionally, digital supply chain tools enabled real-time tracking, optimizing warehouse resource allocation and significantly improving inbound efficiency.
Overseas expansion remains a key focus, with JD Logistics replicating its domestic supply chain expertise in international markets. In Q3, the company extended its partnership with a prominent new energy vehicle brand to the Middle East, managing a parts warehouse in Dubai’s Jebel Ali Free Zone. Services included container receipt, customs clearance, quality inspection, order processing, and outbound packaging, shortening delivery cycles and supporting after-sales networks in the Middle East and North Africa.
To date, JD Logistics has established multiple overseas warehouses in the Middle East while upgrading automation capabilities to serve global automotive clients. The company also expanded its air cargo network, launching a Shenzhen-Singapore route in Q3 to enhance Asia-Pacific logistics connectivity.
As of September 30, 2025, JD Logistics’ warehouse network covered nearly all Chinese counties, comprising over 1,600 self-operated facilities and 2,000 cloud warehouses managed by third-party partners. Total managed storage space exceeded 34 million square meters.
Recently, JD Logistics acquired a 100% stake in a local instant delivery subsidiary from JD Group for approximately $270 million, aiming to enhance last-mile delivery capabilities and operational efficiency.
In line with its commitment to social impact, JD Logistics’ total workforce expenditure (including employees and external personnel) reached RMB103.9 billion over the past 12 months.