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JD Logistics, Inc. (HK:2618)
:2618
Earnings Data
Report Date
Aug 13, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.47Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational story: strong top-line growth, robust ISC segment performance, meaningful overseas expansion and clear progress on technology and automation deployments, backed by positive cash generation. However, profitability remains modest and under pressure from rapidly rising employee and operating costs, some slower growth pockets in express/freight, and dependence on JD Group volume. On balance the highlights (revenue growth, ISC strength, tech/overseas investments and cash flow) outweigh the lowlights (margin compression, cost increases and concentration risks), but margin and cost control will be critical going forward.Company Guidance
Strong Top-Line Growth (Quarter & Full Year)
Q4 revenue of RMB 63.5 billion, +21.9% year-over-year; Full-year 2025 revenue RMB 217.1 billion, +18.8% year-over-year — double-digit growth in both the quarter and full year.
Integrated Supply Chain (ISC) Segment Outperformance
FY revenue from ISC customers RMB 116.2 billion, +33% YoY; external ISC revenue (FY) RMB 35.9 billion. Q4 ISC revenue RMB 36.0 billion, +44.5% YoY, with ISC revenue from JD Group in Q4 RMB 26.7 billion, +68.1% YoY. Number of external ISC customers reported: FY ~91,161 (+13% YoY) and Q4 ~68,000 (+9.7% YoY), indicating scale and customer traction.
Profitability and Cash Generation (Non-IFRS)
Q4 non-IFRS profit RMB 2.4 billion, +5.7% YoY, non-IFRS profit margin 3.7%; FY non-IFRS profit RMB 7.7 billion, margin 3.6%. Q4 non-IFRS EBITDA RMB 5.8 billion, +8.9% YoY, EBITDA margin 9.1%. Q4 free cash flow (ex-lease payments) RMB 3.3 billion; operating cash flow (ex-lease) RMB 5.3 billion, +~RMB 0.2 billion YoY.
Overseas Network Expansion and New Services
Doubled area of self-operated overseas warehouses during 2025; nearly 200 bonded/direct/overseas warehouses with ~2 million sqm GFA. Launched overseas express brand JoyExpress, expanded JD Airlines fleet to 12 cargo planes (including first A330) and opened new international cargo routes — strengthening cross-border fulfillment and last-mile capabilities.
Technology & Automation Deployment
Deployed Smart Wolf GTP automated warehousing in nearly 20 cities and >20 Smart Wolf warehouses (first Smart Wolf in the U.K. in Q4). Thousands of unmanned delivery vehicles across 20+ provinces; first overseas drone trial flight in Saudi Arabia (Dec 2025). R&D investment up 28.9% to RMB 1.2 billion; capex RMB 1.9 billion focused on automation and self-owned vehicles.
Customer Case Wins and Measurable Cost Savings
Secured high-barrier luxury and premium retail partnerships (temperature/humidity-controlled zones, insured storage), enabling centralized multi-channel management and reducing customer logistics cost by ~20%. Home appliance customer achieved triple-digit growth via closed-loop forward and reverse logistics solutions.
HK:2618 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:2618 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | HK$10.45 | HK$10.27 | -1.72% |
Nov 13, 2025 | HK$13.00 | HK$12.90 | -0.77% |
Aug 14, 2025 | HK$14.00 | HK$13.96 | -0.29% |
May 14, 2025 | HK$12.24 | HK$11.76 | -3.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does JD Logistics, Inc. (HK:2618) report earnings?
JD Logistics, Inc. (HK:2618) is schdueled to report earning on Aug 13, 2026, TBA (Confirmed).
What is JD Logistics, Inc. (HK:2618) earnings time?
JD Logistics, Inc. (HK:2618) earnings time is at Aug 13, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of JD Logistics, Inc. stock?
The P/E ratio of JD Logistics, Inc. is N/A.
What is HK:2618 EPS forecast?
Currently, no data Available