On September 2nd, JD.com (HK09618, stock price: HKD 105.000; total market value: HKD 334.3 billion) announced on its official WeChat account that the salaries for the 2025 school recruitment positions will be fully increased.
At the same time, JD.com also announced the launch of the industry's largest campus recruitment, which opened 18000 positions, including 12000 positions for the 2025 graduates and over 6000 internship positions.
Among them, the salary of core positions such as procurement and sales, technology, and products will be increased by no less than 20%. All "JD Procurement and Sales" recruited by the school will be able to achieve a salary structure of 20 months throughout the year, with an annual bonus of up to 8 times the monthly salary, and an "unlimited" Big Boss incentive.
In the production and research positions, the average starting salary increase for algorithm positions exceeds 75%. The starting salary for positions such as hardware and design has increased by over 50%.
JD also mentioned on its official WeChat account that the "JD Youth City" has completed the first phase of the project and will provide nearly 4000 ready to move apartments for school enrollment after it is put into use in 2027.
It is worth noting that JD.com has announced multiple salary increases since the beginning of this year. On May 27th, JD Group announced that starting from July 1st, 2024, JD's annual fixed salary for procurement and sales will be increased from 16 to 20, with no upper limit on performance incentives.
Earlier, JD Group announced that from January 1, 2024, the annual fixed salary of frontline business personnel such as JD's procurement and sales will significantly increase by nearly 100%. At the beginning of 2024, all employees of JD Retail will receive an average salary increase of no less than 20%.
The 2024 semi annual performance report released by JD Group shows that its revenue in the first half of the year reached 551.4 billion yuan. The net profit attributable to common shareholders of the listed company under non US GAAP reached 14.5 billion yuan, a year-on-year increase of 69.0%, and the net profit margin reached 5.0% for the first time.
JD.com stated that the quarterly active user count and user shopping frequency continue to maintain a double-digit growth trend, driving a significant increase in Q2 performance. The net profit attributable to the common shareholders of the company increased from 6.6 billion yuan in the second quarter of 2023 to 12.6 billion yuan in the second quarter of 2024. Under non GAAP accounting standards, the net profit attributable to the company's common shareholders reached 14.5 billion yuan, a year-on-year increase of 69%, and the net profit margin reached 5% for the first time, significantly exceeding market expectations.
The gross profit margin has improved year-on-year for nine consecutive quarters, reflecting JD's high-quality growth, "said Dan Su, Chief Financial Officer of JD Group, at a performance exchange meeting." During the big promotion season, we continued to enhance our price competitiveness through supply chain capabilities and disciplined investment, rather than relying on subsidies. As a result, JD's gross profit margin increased significantly by 137 basis points year-on-year to 15.8% in the second quarter, helping non GAAP operating profit and net profit reach historic highs this quarter
For the second half of the year, he stated that JD.com will dynamically balance business growth and net profit performance, with the goal of achieving a full year growth rate that exceeds the total growth rate of social enterprises.
Daily Economic News Comprehensive Announcement from JD Official WeChat and Listed Companies