京东物流2025 年度报告

2457273381101105106107109111113202 2025111320251113 202511 13202511 13 PO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands Laura J. Peterson202512292025814 208101111 302 2025122920251229 33191901 2025122920251229 Maples and Calder (Hong Kong) LLP Maples Fund Services (Cayman) LimitedP.O. Box 1093Boundary Hall, Cricket SquareGrand Cayman, KY1-1102Cayman Islands 1831717121716 2618 https://ir.jdl.com 2025AI20252,17118.8% 202512311,6003,400202535911.2%91,16113.0% 2025202525 2025JoyExpress2025 202512A330 AI202520 202635 2025 2025202520252,17118.8%1,3687.1% 20252025202510100% 202512312002002025 2025202512 20251,16233.0%35911.2%202591,16113.0%39.4 3C 2025BC 2025 2025202525 2025JoyExpress 20256(COD) 211 2025 2025(GCC) 20251,0095.7% 20251231122025A330 2025 24 2025 2025AI 2025202512312020SKU 2025 2025121515 202512315,5003,000 202512311,6002,0003,400 202512313045 2025123164,000 202512311220252,000 20251231700 2025 20251231541.933300 20251231200200500 202512311,800 202512316040202512315050 2025123120020025 2025 AISaaS 2026ESG 202512311,102 2025123120241231 2025123120241231 202412311,82818.8%202512312,171 2024123187433.0%202512311,162(i)20252025(ii)2024123180,7032025123191,16120251231393,90720241231400,156 202412319555.7%202512311,009 (i)(ii) 202412311,64120.3%202512311,974 2024123161529.8%20251231799 2024123163316.4%202512317372025 2025123120241231128128 20251231202412314742 2024123122218.6%20251231263 202512311989.1%2024123118710.2% 202412315711.8%2025123164 202412313615.8%2025123141 202412313316.9%2025123139 20251231692024123171 EBITDA EBITDA 20251231 20251231450 202512314220241231811886383 2025123118869(i)7648(ii)273012 2024123120871(i)7744(ii)1811(iii)12 20251231115185637369 20241231858564310945 2025123114873693111845 2024123111572721048 202512318.1% 20241262025318 202412636.43%6,484100%16.43%2025611202573110% 2025123120231120251231 2025108JD.com100%270JD.com202510920251031 2026113202612920262252026325 202611319.0199,855,25919.76%3,7972026129 202621318,190197,259,82019.5%202622599.7% 20263242026331 20251231 20251231202512315% 20251231 20251231 202512318892024123168829.2% 20251231459.9 20251231 202511 1.202511132.202511133.Laura J. Peterson202512294.2025814 5120104JD.com201042016520165201742017420201220241999122010499280992LNVGY0021832022720237002015202172024129902016920187 19982016EMBA 53JD.com202242004JD.com20112015506618761819962011(EMBA) 68Meditrina,Inc.20167PwC201320142016100 19882018DistinguishedCareers Institute 53302008620025200861994120025 200961620207749202058202010000220140224 CEO 199312 Laura J. Peterson66Peterson20257MicroVision, Inc.MVIS20224Accelya Group2021920235Palladyne AICorpPDYNPalladyneSarcos Technology and Robotics2023520252PalladynePeterson2018620254Air Transport Services Group, Inc.ATSGPeterson19942016BCABCAPeterson PetersonMBAPetersonPuget Sound Business JournalDirectors & Boards MagazineDistinguished Careers InstituteDCIDCI 64 19908201212200(Elsevier)2020(Decision Science Institute, DSI) (ASCOM)(IMS)(APDSI)Journal of Operations ManagementProduction and Operations ManagementJournal ofSupply Chain Management 19826198561987619906 492007200020142018 19987199982006720062009 6237 1990520208601136202393009352019620231200095920206 10010 198571987719937 612023737382024101313560202582293202511260320231 19851987201772021102022101997200520122017201420192021 (INSEAD (Institut Européen dAdministrationdes Affaires)) 39 201452008720145PACT VistraCorporate Services(HK)Limited10(1)6185(2)GEMGEM8162(3)661886618(4)0939(5)ZTO2057(6)7618 2003201520031020159 19996200311 20251231 2012119 2021528 3C 202512315672635367172352025 20251231105106 4 2025123124 37 3C2025123138.6%37.0% 2025123163.0%2025123120251231(i)72.9%(ii)1% 202512315% 2025123130.0% 2025 2025 22,945 20251231 2022325150,500,000Jingdong Technology Group Corporation2022412022526 6,924202232520224120225262022425 20251231 20251231 202512315222025123141.2 2025123144 20251231 20251231 20251231 202511 13202511 13 Laura J. Peterson202512292025814 16.19316.2 2732 13.51B(1) 1.202511132.202511133.Laura J. Peterson202512294.202512295.2025122920251126036.20251229 13.51(B)(1) 20251231 (i)3(ii)3 20251231 20251231 20251231 京 東 智 能 產 發2020820227 2025123118 202512318.10 20251231XV352 1.202512316,656,781,7722.5,011,8203.16,531,1204.Jingdong Technology Group Corporation4,192,271,100JD.com20251231JD.com72.9%5.59,3086.(a)62,514(b) Eternity Rich Investments Ltd.750,000 7.Laura J. Peterson68,6138.61,8879.61,88710.64,35011.59,41512.(L) (i)JD.comJD.comJD.comXVXV51112(ii)5AD1A41(4)45XV 20251231JD.comAB 202512312,748,133,731JD.com JD.com60JD.com #AB * 1.(i) Max Smart Limited11,487,275A22,974,550A(ii)202512316017,000,000A(iii) Max Smart Limited305,630,780BMax Smart LimitedThe Max Smart TrustFortune Rising Holdings Limited16,145,248B(2) 2.Fortune Rising Holdings Limited16,145,248BFortune Ris