Market Insight | JD HEALTH Surges Over 8% with First-Half Net Profit Margin Reaching 9.3%, Third-Party Merchant Count Doubles

JD HEALTH rose more than 8%, as of the time of publication, it increased by 7.72% to HKD 21.35, with a turnover of HKD 260 million. On the news front, JD HEALTH released its mid-term performance for 2024. In the first half of this year, JD HEALTH's total revenue reached RMB 28.3 billion, with a Non-IFRS net profit of RMB 2.64 billion, an 8.5% year-on-year increase, a net profit margin of 9.3%, setting a new high in semi-annual performance since its listing. As of June 30, the number of third-party merchants on JD HEALTH reached 80,000, a year-on-year increase of over 100%. Additionally, in the first half of the year, JD HEALTH's instant retail business achieved breakthrough development. JD's "Buy Medicine, Instant Delivery" brand and service have been upgraded, with delivery speeds now as fast as "average 28 minutes, fastest 9 minutes", covering over 490 cities nationwide, with over 150,000 cooperating pharmacies