Original title: Jingdong Logistics’ resilience shows that the benefits of front-line employees increased significantly in the first quarter, and the company’s losses narrowed
On May 17, 2022, JD Logistics released its 2022 first quarter performance report. The financial report shows that in the first quarter of 2022, the total revenue of JD Logistics was 27.4 billion yuan, achieving steady growth, of which external customer revenue reached 16 billion yuan, accounting for nearly 60% of the total revenue; , supply chain technology research and development, front-line employees’ compensation and benefits, etc., as well as going all out to participate in Shanghai and other places to fight the epidemic and ensure supply, and help businesses resume work and production. In the first quarter, Jingdong Logistics’ adjusted Non-IFRS (non-IFRS) ) net loss was 798 million yuan.
Salary of front-line employees increased by 1.5 billion yuan year-on-year in the first quarter of 2021
The financial report shows that the revenue of JD Logistics in the first quarter of 2022 increased by 22% year-on-year; through a series of refined operation management methods, effective adjustment of customer structure and the gradual emergence of economies of scale since the second half of last year, the overall profitability of JD Logistics has continued to improve. , the overall loss in the first quarter narrowed compared with the same period last year – a loss of 1.366 billion yuan in the same period last year.
It is worth mentioning that the “loss narrowing year-on-year” occurred in the context of JD.com’s continued increase in investment in logistics infrastructure, supply chain technology research and development, and compensation and benefits for front-line employees this year, which is rare.
The financial report pointed out that in the first quarter of 2021, the compensation and welfare expenditure of front-line employees of JD Logistics reached 10 billion yuan, an increase of 1.5 billion yuan from the first quarter of 2021. During the Spring Festival this year, JD Logistics increased welfare subsidies for employees who stick to the front line, investing more than 400 million yuan.
It is understood that the current number of front-line employees of JD Logistics exceeds 300,000, but JD Logistics strives to provide every front-line employee with comprehensive social benefits, a diversified working environment and a wide range of career development opportunities, sign labor contracts with front-line couriers, pay Five insurances and one housing fund, providing commercial insurance, communication, cold and heat protection, transportation and other benefits and subsidies.
The growth rate of reverse growth is much higher than that of the express logistics industry
Affected by the epidemic, China’s express logistics industry is currently facing unprecedented challenges, but the growth rate of JD Logistics is much higher than that of the industry, maintaining steady growth.
Analysts said that the overall growth rate of the postal industry has slowed down significantly this year. According to data from the State Post Bureau, in the first quarter, the total business volume and business income of the postal industry reached 335.43 billion yuan and 326.88 billion yuan respectively, an increase of 10.7% and 10.0% year-on-year respectively; The total logistics volume was 84.0 trillion yuan, a year-on-year increase of 6.2%.
According to the financial report, the revenue growth rate of JD Logistics in the first quarter of 2022 will be 22%, far exceeding the overall level of the industry. The person believes that the stable revenue growth of (Jingdong Logistics) mainly comes from the increasing number of external integrated supply chain customers, while the average revenue per customer keeps growing. The financial report shows that in the first quarter of this year, the number of JD Logistics’ external integrated supply chain customers reached 59,000, a year-on-year increase of nearly 20%. At the same time, the proportion of revenue from external customers of JD Logistics also continued to increase, reaching 58.4%, which provided the impetus for its steady growth.
The reporter also noticed that SF Express’s revenue in the first quarter reached 59.797 billion yuan, a year-on-year increase of 41.62%, which is also eye-catching. However, industry veterans said that the performance was mainly affected by the consolidation of Kerry Logistics. Excluding this impact, the growth rate was basically the same as that of JD Logistics.
Upstream news reporter Ma LiangReturn to Sohu, see more
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