jd.com logistics (02618.HK) is scheduled to hold a board of directors meeting on August 15th to review the mid-year performance.

JD Logistics (02618.HK) announced on August 1 that the board of directors meeting, including the approval of the company, its subsidiaries and affiliated consolidated entities (collectively referred to as the "Group"), will be held on Thursday, August 15, 2024, to finalize the unaudited performance of the Group for a 3-month and 6-month period ending June 30, 2024.

Gelonghui FinanceAug 1 06:07 ET

JD LOGISTICS: DATE OF BOARD MEETING

Hong Kong Stock ExchangeAug 1 06:05 ET · Announcements

China Logistics: In the first half of the year, the total social logistics of the country was 167.4 trillion yuan, a year-on-year increase of 5.8%.

On July 30th, the China Federation of Logistics and Purchasing released an analysis of logistics running from January to June 2024.

Zhitong FinanceJul 30 19:19 ET

China Securities Co., Ltd.: The express delivery industry needs to break away from the framework of "headquarters quantity-price-profit" and the new flywheel sparks sustained development.

In the operation of the business, the four main entities of the express headquarters, franchisee, courier, and direct customers have formed a "express industry flywheel" based on multiple relationships formed in the process. The smooth initial operation is due to the organizational flexibility brought by the franchise system and the price advantage under extreme cost. In the long run, price wars are the "negative" products derived from the continuous operation of the express flywheel.

Zhitong FinanceJul 17 21:19 ET

Brokerage focuses on bocom intl, target price of jd.com logistics cut by 3%, expected to see a 7% year-on-year increase in total revenue for the second quarter.

Jiǎo yín guó jìng's research report predicts that JD Logistics (02618) will have a YoY increase in total revenue of 7% in Q2 2024, down about 3% from previous expectations. This mainly reflects the weak prosperity of the bulky goods industry and the company's contraction of low-healthy business. Net income after adjustment is expected to reach 1.2 billion yuan, a YoY increase of 45%, corresponding to a profit margin of 2.7%, which is better than the bank's previous expectation of 2.3%, mainly due to the better-than-expected results of the company's cost reduction and efficiency improvement. The bank expects that the internal unit income will continue to grow and that the external integrated business customers will resume normal growth, but the revenue growth rate is affected by customer demand, and there is no obvious rebound trend for the time being in the express delivery industry.

金吾財訊Jul 14 20:41 ET

Nomura Downgrades JD Logistics to Neutral From Buy, Adjusts Price Target to HK$9.40 From HK$10.40

MT NewswiresJul 12 03:30 ET