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v3.25.1

Consolidated Statements of Operations and Comprehensive Income ¥ in Millions, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 CNY (¥) ¥ / shares shares | Dec. 31, 2024 USD ($) $ / shares shares | Dec. 31, 2023 CNY (¥) ¥ / shares shares | Dec. 31, 2022 CNY (¥) ¥ / shares shares
Net revenues |  |  |  |
Total net revenues | ¥ 1,158,819 | $ 158,758 | ¥ 1,084,662 | ¥ 1,046,236
Cost of revenues | (974,951) | (133,568) | (924,958) | (899,163)
Fulfillment | (70,426) | (9,648) | (64,558) | (63,011)
Marketing | (47,953) | (6,570) | (40,133) | (37,772)
Research and development | (17,031) | (2,333) | (16,393) | (16,893)
General and administrative | (8,888) | (1,218) | (9,710) | (11,053)
Impairment of goodwill | (799) | (109) | (3,143) | 0
Impairment of long-lived assets | (1,562) | (214) | (2,025) | 0
Gain on sale of development properties | 1,527 | 209 | 2,283 | 1,379
Income from operations | 38,736 | 5,307 | 26,025 | 19,723
Other income/(expense) |  |  |  |
Share of results of equity investees | 2,327 | 319 | 1,010 | (2,195)
Interest expense | (2,896) | (397) | (2,881) | (2,106)
Others, net | 13,371 | 1,832 | 7,496 | (1,555)
Income before tax | 51,538 | 7,061 | 31,650 | 13,867
Income tax expenses | (6,878) | (943) | (8,393) | (4,176)
Net income | 44,660 | 6,118 | 23,257 | 9,691
Net income/(loss) attributable to non-controlling interests shareholders | 3,301 | 452 | (910) | (697)
Net income attributable to mezzanine equity classified as non-controlling interests shareholders | 0 | 0 | 0 | 8
Net income attributable to the Company's ordinary shareholders | 41,359 | 5,666 | 24,167 | 10,380
Net income | 44,660 | 6,118 | 23,257 | 9,691
Other comprehensive income: |  |  |  |
Foreign currency translation adjustments | 1,020 | 140 | 1,374 | 7,810
Total comprehensive income | 45,680 | 6,258 | 24,631 | 17,501
Total comprehensive income/(loss) attributable to non-controlling interests shareholders | 3,803 | 521 | (1,398) | 1,982
Total comprehensive income attributable to mezzanine equity classified as non-controlling interests shareholders | 0 | 0 | 0 | 8
Total comprehensive income attributable to the Company's ordinary shareholders | ¥ 41,877 | $ 5,737 | ¥ 26,029 | ¥ 15,511
Basic |  |  |  |
Basic | (per share) | ¥ 13.83 | $ 1.9 | ¥ 7.69 | ¥ 3.32
Diluted |  |  |  |
Diluted | (per share) | ¥ 13.43 | $ 1.84 | ¥ 7.61 | ¥ 3.21
Weighted average number of shares |  |  |  |
Basic | 2,989,701,855 | 2,989,701,855 | 3,144,233,160 | 3,125,571,110
Diluted | 3,076,061,616 | 3,076,061,616 | 3,170,542,396 | 3,180,886,136
ADS |  |  |  |
Basic |  |  |  |
Basic | (per share) | ¥ 27.67 | $ 3.79 | ¥ 15.37 | ¥ 6.64
Diluted |  |  |  |
Diluted | (per share) | ¥ 26.86 | $ 3.68 | ¥ 15.23 | ¥ 6.42
Products |  |  |  |
Net revenues |  |  |  |
Total net revenues | ¥ 928,007 | $ 127,136 | ¥ 871,224 | ¥ 865,062
Service |  |  |  |
Net revenues |  |  |  |
Total net revenues | ¥ 230,812 | $ 31,622 | ¥ 213,438 | ¥ 181,174

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