JD Logistics Reports Second Quarter 2024 Earnings

JD Logistics (HKG:2618) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥44.2b (up 7.7% from 2Q 2023).
• Net income: CN¥2.03b (up 476% from 2Q 2023).
• Profit margin: 4.6% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue.

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

JD Logistics Earnings Insights

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Logistics industry in Hong Kong.

Performance of the Hong Kong Logistics industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of JD Logistics' balance sheet and an in-depth analysis of the company's financial position.

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