HK Stock Market Move | JD LOGISTICS (02618) rises by more than 6%, third-quarter profit significantly better than expected, institutions maintain annual revenue growth.

JD LOGISTICS (02618) rose by over 6%, as of the time of writing, it has increased by 6.21% to HKD 15.04, with a turnover of HKD 85.1627 million. BOCOM INTL released a research report stating that JD LOGISTICS' third quarter revenue in 2024 met expectations, with profits significantly exceeding expectations. Revenue increased by 7% year-on-year, with internal revenue/external integration/external other revenue increasing by 8%/1%/8% respectively. Adjusted net profit margin is 5.8%, the highest quarterly level since listing. The bank expects JD LOGISTICS' profit margin to enter a relatively stable stage. Maintaining full-year revenue growth in 2024, adjusting adjusted net profit by 30% to RMB 7.9 billion, corresponding to a profit margin of 4.4%, with forecasted adjusted net profit/profit margin for the fourth quarter at RMB 2.2 billion/4.4%. It is expected that the company's profit margin in 2025 will enter a relatively stable stage, while cost reduction and efficiency improvement measures still have room for improvement, the company may increase investment to drive revenue growth. In addition, income tax will also enter a normal payment status in 2025.