Logistics expected index remains high, reflecting companies' optimistic expectations for the third quarter and the second half of the year.
Yesterday, JD Logistics released its mid-term performance for 2024, with total revenue reaching 86.3 billion yuan, a YoY increase of 11%. Among them, the revenue from external clients was 59.9 billion yuan, up 11.2% YoY, accounting for about 70% of the total revenue. The adjusted net profit was 3.12 billion yuan, a YoY increase of 2631.2%, and the profit level reached a new high, far exceeding market expectations.
At the same time, ANE Logistics (09956) released its mid-term performance for the six months ended June 30, 2024. The group achieved a revenue of 5.289 billion yuan, a YoY increase of 16.2%. The net profit after adjustments was 0.43 billion yuan, a YoY increase of 82.4%, and the attributable net profit to shareholders was 0.391 billion yuan, a YoY increase of 145.11%. The basic earnings per share were 0.34 yuan.
He Hui, chief economist of China Federation of Logistics & Purchasing, believes that in July, the growth rate slowed down due to the high temperature heat and the impact of regional floods, but the demand for business continued to grow, and the expansion trend is still continuing.
The development trend of the industry is basically stable, and the total business index of railway transportation industry, road transportation industry, aviation transportation industry, warehousing and logistics industry, loading and unloading industry and postal express industry are in the prosperity range.
The expected index remains high, reflecting companies' optimistic expectations for the third quarter and the second half of the year.
Logistics sector-related companies include:
JD Logistics (02618), Sinotrans Limited (00598), ZTO Express (02057), ANE Logistics (09956), CN Logistics (02130), etc.