JD HEALTH (06618) Mid-term Results for 2026: Offline Services Accelerate Upgrades, Building a "Store + Home" Health Service Closed Loop.

On August 13, 2026, JD HEALTH Co., Ltd. (06618) released its interim performance announcement for the first half of 2026. In the first half of 2026, JD HEALTH's total revenue was RMB 40.9 billion, representing a year-on-year increase of 15.9%; under Non-IFRS indicators, operating profit was RMB 3.5 billion, reflecting a year-on-year growth of 40.3%, with the operating profit margin rising from 7.0% to 8.5%. During the reporting period, JD HEALTH continued to strengthen its core advantages in the pharmaceutical supply chain, consolidated its position as the "first station for online launches of new drugs," and empowered the closed loop of "medicinetestingdiagnosisdrugs" with an "AI + supply chain" approach across all scenarios, maintaining steady growth in various core operating metrics and continuing to reinforce high-quality development. Cao Dong, the CEO of JD HEALTH and a member of the SEC of JD Group, stated that as an industry-leading healthcare service provider, JD HEALTH continues to implement its long-term operational strategy focused on "experience, cost, and efficiency," actively promoting the integration of self-operated supply chain capabilities with medical services, deepening cooperation with partners in the industry chain, and steadily advancing the application of AI in diverse health consumption scenarios to provide users with accessible, convenient, high-quality, and affordable health products and intelligent health solutions. While solidifying its online pharmaceutical retail foundation, JD HEALTH is accelerating the extension of its platform user base, supply chain capabilities, and fulfillment capabilities to offline service scenarios, promoting the expansion of health services from online drug purchases to in-store services, comprehensive outpatient care, and home nursing, thereby building a full-scenario health service loop of "in-store + at-home." The financial report shows that in the area of instant retail and omnichannel services, JD HEALTH continues to enhance the "supply, fulfillment, payment, experience" upgrades. Currently, JD HEALTHs online drug purchase medical insurance payment services have covered 40 cities nationwide; the company has established over 450 JD Pharmacy stores across ten cities nationwide and optimized product offerings based on regional consumption trends and user needs, boosting both store operational efficiency and service quality. As the largest pharmaceutical retail platform in the country, JD HEALTHs long-term accumulation of user demand insights, product supply capabilities, and fulfillment networks are further serving offline scenarios. Users can complete drug purchases, consultations, medical insurance payments, and pharmaceutical consultations online while also receiving more immediate drug and health service support through nearby stores, enhancing the integrated service capabilities of Wuxi Online Offline Communication Information Technology Co., Ltd. In terms of offline services, JD HEALTH is promoting the upgrade of its physical examination services from single testing services to comprehensive health management. During this years 618 promotional period, the number of users served by JD HEALTHs health examination centers nationwide tripled year-on-year, with corresponding amounts for examinations also rising. Among them, female examinations increased by 214%, parental examinations grew by 199%, and male examinations rose by 155%. Consumer medical services also registered growth, with orders from JD Healths self-operated clinics in Beijings Guomao, Yizhuang, and Wangjing areas doubling sequentially, and transaction amounts for collagen injections, injection touch-ups, and photoelectric anti-aging projects increasing by 258%, 197%, and 137% respectively. In terms of offline store formats, JD HEALTH is also continuously promoting service upgrades. The JD HEALTH Comprehensive Outpatient Center in Wangjing, which opened in April 2026, and the Asia-Ocean store opened in July, have both transformed from single examination stores into comprehensive outpatient clinics that include examination, dental, and aesthetic services, achieving a one-stop solution for "health management + beauty enhancement." Users do not need to visit multiple hospitals but can complete the entire process from health screening and diagnostic services to health management and consumer medical services at the same store. As a result, JD HEALTH's health examination services are entering an accelerated development phase. On one hand, JD HEALTH is continuously expanding horizontally, replicating stores in more cities and key business districts; on the other hand, the company is also extending its service capabilities vertically, moving from single-point professional examinations to diversified comprehensive health management, further enhancing the service radius of offline stores and user loyalty. In addition to in-store services, JD HEALTH is also continuously improving its at-home service capabilities. The financial report indicates that the company's at-home quick testing and nurse home visit services are continually expanding in coverage and testing categories, with user service reputation steadily increasing. By connecting services such as at-home quick testing, nurse visits, online health management, and pharmaceutical fulfillment, JD HEALTH further meets users' home health service needs. From online drug purchases with medical insurance payments covering 40 cities to over 450 JD Pharmacies in ten cities nationwide, and the upgrade of health examination centers to comprehensive outpatient clinics, JD HEALTH is continuously bridging online, in-store, and at-home service links around users' diverse health needs. As the offline service network and at-home service capabilities continue to improve, JD HEALTH will leverage its pharmaceutical retail platforms supply chain capabilities and user base to drive the upgrade of health services from one-time transactions to continuous management, further constructing a comprehensive health service closed loop that covers all scenarios.