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JD Industrial Debuts on HKEX at HK$14.10, Raising HK$2.83 Billion

Proceeds will fund supply chain upgrades with a focus on geographic expansion plus potential acquisitions.

Overview

  • The company listed on the Main Board under stock code 7618, with estimated net proceeds of about HK$2.827 billion if the over-allotment option is not exercised.
  • According to its prospectus, revenue grew from RMB 14.1 billion in 2022 to RMB 20.4 billion in 2024 for a 20.1% CAGR, while adjusted net profit rose from RMB 710 million to RMB 910 million.
  • For 2025 to August 31, revenue reached RMB 14.1 billion, up 18.9% year over year, and adjusted net profit for the first half was RMB 500 million.
  • JD Industrial provides digital supply-chain services across MRO, BOM and spare parts, with IPO funds earmarked for capability enhancement, regional expansion and possible strategic investments or M&A.
  • The company reports serving over 10,000 key enterprise clients and millions of SMEs, covering about 60% of China Fortune 500 and over 40% of Fortune Global 500 in China, supported by 158,000+ suppliers across roughly 80 categories and about 81.1 million SKUs.