[Brokerage Focus] Haitong Sec gives jd.com (09618) an "Outperform" rating, indicating that Q3 adjusted net margin has seen healthy growth.

Jinwu Financial News | Haitong Securities issued research reports stating that jd.com (09618) achieved a 5.1% year-on-year growth in revenue in 3Q24. Home appliances and 3C products increased by 2.7% year-on-year, while fast-moving consumer goods grew by 8.0% year-on-year. In 3Q24, service revenue increased by 6.5% year-on-year to 55.8 billion yuan, with logistics and other services growing by 6.5% year-on-year, and platforms and advertising increasing by 6.3% year-on-year. Key performance highlights: (1) Both gross margin and Non-GAAP net margin achieved healthy growth: Benefiting from the company's continuous improvement in supply chain capabilities, scale effects, and operational efficiency, the gross margin in 3Q24 increased to 17.3% year-on-year.

Jinwu Financial News02:30 ET

[Brokerage Focus] Nomura Securities points out that the growth of internet users in China is steady, and e-commerce platforms are significantly affected by the november 11 shopping festival-related promotions.

Kingwusai | Nomura Securities' research report pointed out that in October 2024, China's smart phone monthly active users (MAS) increased by 2.2% year-on-year, reaching 1.25 billion, remaining flat compared to previous months. The total online time of users increased by 5.8% year-on-year, maintaining a growth trend. The user engagement of e-commerce applications increased sequentially during the november 11 shopping festival, with the monthly online time of alibaba's Taobao app and jd.com's app growing by 21% and 23% respectively, while pdd holdings' online time only increased by 5% due to its less reliance on major promotional activities. Xiaohongshu (XHS) performed outstandingly, with a 39% year-on-year increase in monthly online time.

Jingu Financial News01:20 ET

Wang Xiao, partner at Qicheng Capital: In the era of consumer market stock, "competing on price" and "competing on value" are both important | Direct hit on the new consumption power conference.

1. Online retail has differentiated from shelf e-commerce to a type represented by pdd holdings, focusing on individual products and price mechanisms, as well as content e-commerce represented by Douyin. Both forms of e-commerce achieve precise matching of supply and demand through efficient algorithms and mechanisms. 2. In a market environment of stagnant or even declining volume, companies need to shift from opportunity-driven to capability-driven, from growth-first to efficiency-first, and from scale-oriented to value-oriented.

cls.cn00:01 ET

Top Gap Ups and Downs on Wednesday: SONY, DELL, ADSK and More

Moomoo News18:00 ET · Markets

JD.com Options Spot-On: On November 27th, 138.62K Contracts Were Traded, With 1.76 Million Open Interest

Moomoo News16:30 ET

Express News | Shares of US-listed Chinese Stocks Are Trading Higher Following a Report Indicating Additional Chinese Fiscal Stimulus After a Key Economic Meeting in December

Benzinga12:29 ET