JD Logistics Full Year 2023 Earnings: EPS Beats Expectations

JD Logistics (HKG:2618) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥166.6b (up 21% from FY 2022).
• Net income: CN¥616.2m (up from CN¥1.40b loss in FY 2022).
• Profit margin: 0.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: CN¥0.10 (up from CN¥0.23 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

JD Logistics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates.

In the last 12 months, the only revenue segment was Business Services contributing CN¥166.6b. Notably, cost of sales worth CN¥153.9b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥5.00b (41% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥97.7m. Explore how 2618's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Logistics industry in Hong Kong.

Performance of the Hong Kong Logistics industry.

The company's shares are up 12% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with JD Logistics, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.