JD INDUSTRIALS (07618) rose by 35% in five days, driven by both technology and services, defying the trend and strengthening its stock price.

On March 12, JD INDUSTRIALS (07618) closed up 5.55% at HK$14.46, with a turnover rate of 0.22% and a trading volume of 5.94 million shares, far outperforming the market. Industry analysis points out that JD INDUSTRIALS soared against the trend, supported by its absolute leading position in the industrial supply chain field. In terms of market share, JD INDUSTRIALS' trading volume in 2024 is three times that of the industry's second place, continuously leading in the Chinese industrial supply chain technology and service market. In terms of customer coverage, it serves over 13,300 key customers, covering 60% of the Fortune 500 in China and 40% of the global Fortune 500. In terms of technological capabilities, its integrated solution "Taipu" connects supply and demand, optimizing internal supply chain intelligence (such as demand planning, supplier management), and its industry-leading industrial big model JoyIndustrial and intelligent body solve pain points such as the difficulty of industrial material management and slow matching. Its leading market position and technical service capabilities are driving the company's performance consistently. On March 5th, JD INDUSTRIALS' first annual performance report showed that in 2025, JD INDUSTRIALS achieved a total revenue of 23.95 billion yuan, a year-on-year increase of 17.4%, with the number of key corporate customers and transaction volume increasing by 26% and 26.5% respectively. More importantly, JD INDUSTRIALS' leading position has been transformed into "verifiable customer value": a new energy vehicle company reduced procurement time by 70% through "Taipu", and an industrial enterprise improved material governance efficiency tenfold through AI intelligent body. This "dual-wheel drive of technology empowerment + service implementation" has made JD INDUSTRIALS the "preferred partner" for enterprise supply chain digital transformation, supporting its stock price to rise against the market adjustment. The inclusion in this week's Hong Kong Stock Connect has turned this leadership into "market value", with some brokerage analysts stating, "JD INDUSTRIALS' leadership is not a 'temporary scale advantage', but a 'barrier of technology and ecosystem' - which under the liquidity enhancement of the Hong Kong Stock Connect, will amplify into long-term support for stock prices." This stock price increase is a recognition by the market of its "sustainable leadership position" - while other players are still competing for GMV, JD INDUSTRIALS has established a competitive advantage that is difficult for others to replicate through technology and services, and the funding from Hong Kong Stock Connect is turning this advantage into visible market value.