According to a research report released by CMB International, JD's revenue for the third quarter is expected to rise 4.9% year-on-year to 260 billion yuan, which is faster than the 1.2% increase in the second quarter, mainly due to better product turnover increases and trade-in policies. The bank predicts that in the third quarter of 2024, the Group's gross margin will increase by 0.2 percentage points year-on-year, driving the Group's net profit to increase by 3% year-on-year to reach 11 billion yuan in the third quarter. The bank expects the Group's revenue to increase by 4.5% year-on-year in the 2024 fiscal year. Among them, JD retail and JD logistics revenue will increase by 5.1% and 9.5%, respectively. The Group's non-GAAP net profit is expected to increase 20% year-on-year this year. According to the bank, the company is the main beneficiary of fiscal stimulus measures. Coupled with a positive long-term profit growth outlook, it raised the target price of US stocks from 42 US dollars to 50 US dollars, and the target price of H shares was also raised from HK$165 to HK$194, maintaining a “buy” rating.

According to a research report released by CMB International, JD's revenue for the third quarter is expected to rise 4.9% year-on-year to 260 billion yuan, which is faster than the 1.2% increase in the second quarter, mainly due to better product turnover increases and trade-in policies. The bank predicts that in the third quarter of 2024, the Group's gross margin will increase by 0.2 percentage points year-on-year, driving the Group's net profit to increase by 3% year-on-year to reach 11 billion yuan in the third quarter. The bank expects the Group's revenue to increase by 4.5% year-on-year in the 2024 fiscal year. Among them, JD retail and JD logistics revenue will increase by 5.1% and 9.5%, respectively. The Group's non-GAAP net profit is expected to increase 20% year-on-year this year. According to the bank, the company is the main beneficiary of fiscal stimulus measures. Coupled with a positive long-term profit growth outlook, it raised the target price of US stocks from 42 US dollars to 50 US dollars, and the target price of H shares was also raised from HK$165 to HK$194, maintaining a “buy” rating.