Summary by Moomoo AI
JD.com's logistics announced its mid-year performance on June 30, 2024, with revenue reaching RMB 86.345 billion, a YoY increase of 11.0%; gross profit increased significantly by 68.7%, reaching RMB 8.484 billion. Pre-tax profit changed from a loss of RMB 0.382 billion in the same period last year to a profit of RMB 2.889 billion. Net profit changed from a loss of RMB 0.529 billion in the same period last year to a profit of RMB 2.567 billion. The non-IFRS profit for the period reached RMB 3.118 billion, a YoY increase of 2,631.2%, reaching a new high in profitability. JD.com's logistics stated that the growth in the first half of the year benefited from the recovery of the Chinese economy, as well as the flexible and efficient integrated supply chain solutions and services provided by the company. As of the end of the reporting period, JD.com's logistics did not distribute interim dividends and did not have any other significant matters affecting the company.
