JD Group-SW (09618) rose more than 4%. As of press release, it rose 4.22% to HK$138.2, with a turnover of HK$0.893 billion.
The Zhitong Finance App learned that JD Group-SW (09618) rose by more than 4%. As of press release, it had risen 4.22% to HK$138.2, with a turnover of HK$0.893 billion.
According to the news, JD Group announced its results for the third quarter of 2024. The group achieved total revenue of 260.387 billion yuan (RMB, same below) in the third quarter of 2024, an increase of 5.12% over the previous year; the net profit attributable to the company's common shareholders was 11.731 billion yuan, an increase of 47.82% over the previous year. In the first three quarters of 2024, total revenue was 811.833 billion yuan, an increase of 4.27% year on year; net profit attributable to the company's common shareholders was 31.505 billion yuan, an increase of 51.63% year on year.
BOC International said that JD's revenue for the 3rd quarter of 2024 was in line with expectations and profit exceeded expectations. Looking ahead to the fourth quarter, the bank expects revenue to increase 5.7% year on year. The Double Eleven data is better than expected, but considering the impact of the big promotion period on November, the bank kept its revenue forecast unchanged. The adjusted net profit is expected to be 8.5 billion yuan, which is the same as the previous year. The company's overall profit is expected to increase 28% year-on-year to 45 billion in 2024, up 5% from the bank's previous forecast, reflecting the benefits brought about by the release of logistics profitability.