Understanding the Market | JD-SW rose over 4% as third-quarter profits exceeded expectations, institutions raised the company's overall profit forecast for the year
JD-SW rose over 4%, as of the time of writing, up 4.22% to HKD 138.2, with a transaction volume of HKD 893 million. In terms of news, JD Group released its Q3 2024 performance, achieving total revenue of RMB 260.387 billion in Q3 2024, an increase of 5.12% year-on-year; the net profit attributable to ordinary shareholders was RMB 11.731 billion, an increase of 47.82% year-on-year. For the first three quarters of 2024, total revenue reached RMB 811.833 billion, an increase of 4.27% year-on-year; the net profit attributable to ordinary shareholders was RMB 31.505 billion, an increase of 51.63% year-on-year. BOCOM INTL stated that JD's Q3 2024 revenue met expectations, and profits exceeded expectations. Looking ahead to Q4, the bank expects a year-on-year revenue increase of 5.7%, with Double Eleven data better than expected, but considering the impact of the promotional timing on November, the bank maintains its revenue forecast unchanged, expecting adjusted net profit of RMB 8.5 billion, flat year-on-year. The bank expects the company's overall profit in 2024 to increase by 28% year-on-year to RMB 45 billion, a 5% upward adjustment from its previous forecast, reflecting the benefits brought by the release of logistics profitability
According to Zhitong Finance APP, JD Group-SW (09618) rose over 4%, up 4.22% to HKD 138.2 as of the time of writing, with a transaction volume of HKD 893 million.
In terms of news, JD Group released its Q3 2024 performance, achieving total revenue of RMB 260.387 billion in Q3 2024, an increase of 5.12% year-on-year; the net profit attributable to ordinary shareholders was RMB 11.731 billion, an increase of 47.82% year-on-year. For the first three quarters of 2024, total revenue reached RMB 811.833 billion, an increase of 4.27% year-on-year; the net profit attributable to ordinary shareholders was RMB 31.505 billion, an increase of 51.63% year-on-year.
BOCOM INTL stated that JD's Q3 2024 revenue met expectations, while profits exceeded expectations. Looking ahead to Q4, the bank expects a year-on-year revenue increase of 5.7%. The Double Eleven data was better than expected, but considering the impact of the promotional timing on November, the bank maintains its revenue forecast unchanged, expecting an adjusted net profit of RMB 8.5 billion, flat year-on-year. The bank anticipates that the company's overall profit will increase by 28% year-on-year to RMB 45 billion, a 5% upward adjustment from its previous forecast, reflecting the benefits brought by the release of logistics profitability