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JD Logistics, Inc.
(2618)
JD Logistics, Inc. (2618) vs. iShares MSCI Hong Kong ETF (EWH)
JD Logistics, Inc. Business Overview & Revenue Model
JD Logistics, Inc. Earnings Call Summary
JD Logistics, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 195.02B | 182.84B | 166.62B | 137.40B | 104.69B | 73.37B |
| Gross Profit | 19.08B | 18.70B | 12.68B | 10.10B | 5.78B | 6.29B |
| EBITDA | 10.80B | 11.07B | 14.97B | 10.08B | -7.12B | 1.59B |
| Net Income | 6.51B | 6.20B | 616.19M | -1.40B | -15.84B | -4.13B |
Balance Sheet | ||||||
| Total Assets | 118.91B | 117.87B | 112.90B | 106.70B | 76.80B | 54.72B |
| Cash, Cash Equivalents and Short-Term Investments | 31.17B | 43.14B | 33.07B | 35.43B | 28.91B | 10.88B |
| Total Debt | 23.68B | 23.17B | 27.25B | 23.88B | 15.28B | 34.69B |
| Total Liabilities | 59.82B | 54.90B | 57.53B | 53.49B | 36.41B | 57.62B |
| Stockholders Equity | 53.83B | 55.32B | 48.16B | 46.58B | 37.94B | -5.14B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 15.17B | 10.87B | 8.31B | 1.97B | 6.98B |
| Operating Cash Flow | 0.00 | 20.79B | 16.35B | 13.31B | 6.21B | 10.20B |
| Investing Cash Flow | 0.00 | -840.45M | -15.10B | -13.11B | -11.12B | -8.77B |
| Financing Cash Flow | 0.00 | -11.49B | -5.55B | 1.48B | 16.60B | -3.73B |
JD Logistics, Inc. Technical Analysis
JD Logistics, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$74.49B | 10.30 | 12.40% | ― | 11.05% | 81.01% | |
72 Outperform | HK$135.12B | 14.93 | 13.87% | 3.05% | 12.64% | 2.90% | |
66 Neutral | HK$3.11B | 5.78 | 37.50% | 8.25% | 56.58% | 1963.38% | |
64 Neutral | HK$45.11B | 9.25 | 9.44% | 6.39% | -17.69% | -3.38% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$90.49B | 72.03 | 5.53% | ― | 12.14% | ― | |
54 Neutral | HK$12.76B | 9.36 | 8.51% | 3.55% | 26.36% | -18.67% |
JD Logistics, Inc. Corporate Events
JD Logistics has alerted investors that its subsidiary Deppon Logistics expects to swing from profit to a significant loss in 2025, forecasting an unaudited net loss attributable to shareholders of between RMB439 million and RMB539 million, compared with a profit of RMB860.6 million in 2024, and a similar reversal after excluding non-recurring items. Management attributed the deterioration primarily to intensified pricing pressure as customers push harder to cut logistics costs, alongside deliberate increases in spending on transport capacity, frontline manpower and employee benefits to safeguard service levels during peak periods and strengthen core product competitiveness; while these moves are weighing on near-term earnings, the company says they are improving customer experience indicators and are intended to support Deppon’s long-term sustainable development, with the impact confined to Deppon and prepared under PRC accounting standards rather than JD Logistics’ IFRS-based group reporting.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics has announced that shareholders of its affiliate Deppon have approved a special resolution to voluntarily withdraw Deppon’s shares from trading on the Shanghai Stock Exchange, and the company will now seek regulatory approval from the exchange to complete the delisting. As part of the withdrawal plan, a wholly owned JD Logistics subsidiary will offer a cash option to eligible Deppon shareholders at RMB19.0 per share, covering up to 199,855,259 shares and implying a potential payout of about RMB3.8 billion if fully exercised, a move that could consolidate JD Logistics’ control over Deppon and reshape its capital structure, although the outcome remains contingent on investor take-up of the offer and final approval from the Shanghai bourse.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics plans to delist its consolidated subsidiary Deppon from the Shanghai Stock Exchange, with its wholly owned subsidiary Suqian Jingdong Zhuofeng, an indirect controlling shareholder of Deppon, proposing a voluntary withdrawal of Deppon’s shares subject to approval at a general meeting and by the Shanghai Stock Exchange. As part of the deal, another wholly owned JD Logistics unit will extend a cash option at RMB19.0 per share to acquire up to 19.76% of Deppon’s remaining shares from minority investors, implying a transaction value of about RMB3.8 billion if fully exercised; the move, which would increase JD Logistics’ ownership from about 80% and potentially pave the way for full control and privatisation of Deppon, is classified as a discloseable transaction in Hong Kong and may affect minority shareholder liquidity, pending regulatory and shareholder approvals.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics, Inc. has granted 1,488,183 new award shares under its Post-IPO Share Award Scheme to employees of the group, excluding directors and senior management, representing about 0.02% of its total issued share capital as of the grant date. The awards, granted at no consideration, will vest on a staggered schedule ranging from three months to four years, with a small portion vesting in less than 12 months for administrative reasons and no performance targets attached. The scheme includes a clawback mechanism that allows the company to forfeit unvested awards, cancel vested shares, and reclaim proceeds if an employee is dismissed without notice, convicted of integrity-related crimes, or found to have harmed the group’s interests or reputation, reinforcing governance controls while using equity incentives to retain and motivate staff below senior management level.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics has strengthened its board by appointing veteran aviation and technology executive Laura J. Peterson as an independent non-executive director, effective 29 December 2025, bringing decades of experience from senior roles at Boeing and board positions at several U.S.-listed companies. In conjunction with her appointment, the company has reshuffled key board committees, adding Peterson to the board while moving Nora Gu Yi Wu from the Remuneration Committee to the Nomination Committee, appointing Yi Hoi Tang to the Remuneration Committee, and accepting Lin Ye’s resignation from the Nomination Committee, in a move that signals ongoing refinement of its corporate governance structure and oversight.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics, Inc. has announced the current composition of its board of directors, which includes one executive director serving as chief executive officer, one non-executive director serving as chairman, and a slate of independent non-executive directors. The company also detailed the structure and membership of its three key board committees—Audit, Remuneration, and Nomination—assigning chairperson roles and committee memberships among the independent directors and chairman, underscoring its corporate governance framework and oversight arrangements for stakeholders.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics, Inc. announced that during its Extraordinary General Meeting held on November 21, 2025, the shareholders approved the Supply Chain Solutions and Logistics Services Supplemental Agreement with JD.com. This agreement, which includes revised annual caps for the next two years, aims to enhance the company’s logistics services framework. The resolution was passed with a significant majority, indicating strong shareholder support for the company’s strategic direction in strengthening its relationship with JD.com.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics, Inc. reported a 24.1% increase in revenue for the third quarter of 2025, despite a decline in gross profit and profit before income tax. The company is expanding its integrated supply chain solutions, with significant growth in revenue from these services, particularly in the home appliance industry. JD Logistics is also actively expanding its overseas operations, providing logistics solutions in the Middle East and enhancing its air cargo network in the Asia-Pacific region, which strengthens its cross-border logistics capabilities.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$15.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics, Inc. announced a change in its executive leadership, with Mr. Wei Hu resigning as CEO and Mr. Zhenhui Wang appointed as his successor, effective November 13, 2025. This leadership transition is expected to bring Mr. Wang’s extensive experience in logistics and business operations to the forefront, potentially impacting the company’s strategic direction and operational efficiency.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$15.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics, Inc. has announced the composition of its board of directors, highlighting the roles and functions of each member. The board includes a mix of executive, non-executive, and independent non-executive directors, with committees focusing on audit, remuneration, and nomination. This announcement underscores the company’s commitment to robust governance and strategic oversight, which is crucial for maintaining its competitive edge in the logistics industry.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$15.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
JD Logistics, Inc. has announced an extraordinary general meeting to consider approving a supplemental agreement with JD.com, which revises the annual caps for their supply chain solutions and logistics services for the next two years. This move is expected to strengthen JD Logistics’ operational ties with JD.com, potentially enhancing its market position and operational efficiency within the logistics industry.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$15.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.