HK Stock Market Move | JD LOGISTICS (02618) opens nearly 5% higher after earnings, with third-quarter net profit attributable to shareholders increasing by more than 9 times year-on-year, reaching a new record high in profitability.

JD LOGISTICS(02618) opened nearly 5% higher after the performance report, rising 4.96% to HK$15.66 as of the time of writing, with a turnover of HK$150.665 million. In terms of news, JD LOGISTICS announced its performance for the three months ending September 30, 2024, with revenue of approximately RMB 44.396 billion, a year-on-year increase of 6.6%; gross profit of RMB 5.197 billion, a year-on-year increase of 57.5%; net profit of RMB 2.445 billion, a year-on-year increase of 438.1%; and net profit attributable to the company's owner of RMB 2.205 billion, a year-on-year increase of 928.77%. The announcement stated that JD LOGISTICS recently reached a cooperation agreement with Taobao Group, with JD LOGISTICS fully integrating into the Taobao and Tmall platforms. The system integration between the two parties was basically completed in mid-October, and many Taobao and Tmall merchants have chosen JD LOGISTICS as their service provider, allowing consumers to track their shipments on the Taobao and Tmall apps. JD LOGISTICS has achieved a new high in profitability, with net profit under non-international financial reporting standards reaching RMB 2.57 billion in the third quarter of 2024, a year-on-year increase of 205.1%. This fully demonstrates the company's focus on technological innovation, improving resource efficiency in core operational areas, and optimizing product structure. The company continues to enhance automation in warehousing and sorting, improving operational efficiency; utilizing operations research and algorithm technology, the company continuously optimizes network layout and capacity scheduling, and is the first to apply logistics large language models to dozens of scenarios such as exception control, process automation, and intelligent interaction.