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[Broker Focus] China Merchants Securities maintains JD Group's (09618) “Highly Recommended” rating indicates that business adjustments have been completed and a return to healthy growth
Jinwu Financial News | According to the China Merchants Securities Research Report, JD Group (09618) released 2024Q1 results, achieving operating revenue of 260 billion yuan, +7.0% year on year, JD retail revenue of 226.8 billion yuan, +6.8% year on year, retail operating profit of 9.3 billion yuan, -5.3% year on year; non-GAAP net profit to mother was 8.9 billion yuan, +17.2% year over year. Q1 revenue was in line with expectations, and profit growth exceeded expectations. Looking at each category, the electric category benefits from the trade-in policy and is expected to continue to gain market share, and Japan will return to healthy growth. JD completed business adjustments this quarter and returned to healthy growth
JD.com's Gross Margin Could Further Improve From 2Q -- Market Talk
JD.com's gross margin could further improve from 2Q as its optimized product mix offsets the incremental fulfillment costs from its lower free-delivery threshold,Daiwa analysts John Choi and Robin Leung say in a research note.
JD to Expand Trade-in Deals to Boost Consumption
Chinese e-commerce platform JD and its partners will invest 6.5 billion yuan ($900 million) this year to encourage consumers to upgrade their refrigerators, televisions, other consumer durables and home furnishings through trade-in deals, as part of the country's broader efforts to bolster domestic consumption.
[Broker Focus] BOC International upgraded JD (09618) target price by 42% and upgraded its rating to buy
Jinwu Financial News | According to BOC International Development Research Report, JD (09618)'s revenue for the first quarter of 2024 increased 7% year on year to 260 billion yuan (RMB, same below), exceeding market expectations by 1%. Among them, charged/uncharged revenue increased 5%/9% year on year, and uncharged resumed positive growth after business adjustments were completed. The adjusted net profit was 8.9 billion yuan, up 17% year on year, exceeding market expectations by 21%. Retail revenue increased 7% year on year, and the adjusted operating profit margin fell 5 percentage points year on year to 4.1% year on year. Due to increased price power and investment in ecological construction, the decline in profit was better than expected. This line refers to the platform frequency/single quantity double digit
Zhitong Hong Kong stocks have known for a long time | Multiple ministries and commissions are planning to launch a “major move” for real estate. The Hong Kong Securities Regulatory Commission allows simplified regulations to be extended to active ETFs
The real estate industry continues to decline, and policies and measures aimed at absorbing the stock of real estate and optimizing incremental housing are being prepared.
JD.com Logs 14% Jump in Q1 Attributable Profit
JD.com (HKG:9618) reported a net income attributable to shareholders of 7.13 billion yuan for the quarter ended March 31, up 14% from 6.26 billion yuan in the year-ago period, a Thursday filing on the
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