JD Logistics (HKG:2618) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥44.4b (up 6.6% from 3Q 2023).
- Net income: CN¥2.20b (up by CN¥1.99b from 3Q 2023).
- Profit margin: 5.0% (up from 0.5% in 3Q 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 6.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Logistics industry in Hong Kong.
Performance of the Hong Kong Logistics industry.
The company's shares are down 12% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for JD Logistics that you should be aware of.
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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.
About SEHK:2618
JD Logistics
An investment holding company, provides integrated supply chain solutions and logistics services in the People’s Republic of China.
Flawless balance sheet and undervalued.
