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JD Logistics, Inc. (HK:2618)
:2618
Hong Kong Market

JD Logistics, Inc. (2618) AI Stock Analysis

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HK

JD Logistics, Inc.

(2618)

72Outperform
JD Logistics demonstrates strong financial health with robust revenue growth and improving profitability, supported by solid cash flow generation. While technical indicators suggest potential short-term price weakness, the stock's reasonable valuation offers an attractive entry point for long-term investors. The absence of significant corporate events or earnings call data limits the impact of recent developments on the stock score.
Positive Factors
Earnings
Record-high quarterly earnings with significant margin expansion.
Strategic Partnerships
Impact from cooperation with Alibaba’s Taobao and Tmall to help drive revenue growth, supporting profitability expansion with enhanced scale.
Negative Factors
Market Competition
Intense market competition, weaker-than-expected logistics demand.

JD Logistics, Inc. (2618) vs. S&P 500 (SPY)

JD Logistics, Inc. Business Overview & Revenue Model

Company DescriptionJD Logistics, Inc. (2618) is a leading supply chain solutions and logistics services provider based in China, operating as a subsidiary of JD.com, Inc. The company offers a comprehensive range of services including warehousing, transportation, delivery, and supply chain management solutions. It serves various sectors such as retail, manufacturing, and e-commerce, leveraging advanced technologies like artificial intelligence and big data to enhance efficiency and reliability.
How the Company Makes MoneyJD Logistics, Inc. generates revenue through multiple streams, primarily by offering its logistics and supply chain management services. The company earns income from its core services such as warehousing and distribution, transportation, and delivery services. Additionally, JD Logistics partners with third-party businesses, providing integrated logistics solutions that are tailored to specific industry needs. Its advanced technology platforms enable optimized route planning and inventory management, which are critical to its operations. The company also benefits from its strategic relationship with JD.com, contributing to a substantial portion of its logistics service revenue, while continuously expanding its customer base across various industries.

JD Logistics, Inc. Financial Statement Overview

Summary
JD Logistics has demonstrated a solid growth trajectory across its financial statements. The income statement reflects strong revenue growth and improving profit margins, showcasing enhanced profitability. The balance sheet highlights a decreasing debt-to-equity ratio and improved equity position, indicating financial stability. The cash flow statement reveals robust cash generation capabilities, underscoring liquidity and operational efficiency. While there is room for margin improvement and managing leverage, the overall financial health is strong, positioning the company well for future growth.
Income Statement
JD Logistics has shown robust revenue growth from 2019 to 2024, with a significant increase in gross profit margins over the years. The gross profit margin improved from 6.9% in 2019 to 10.2% in 2024. Net income has turned positive, showcasing improved profitability, particularly with a net profit margin of 3.4% in 2024 from negative figures in previous years. EBIT and EBITDA margins have also shown substantial improvement, indicating enhanced operational efficiency. However, the overall net profit margin remains relatively low, hinting at room for profitability enhancement.
Balance Sheet
70
The balance sheet of JD Logistics demonstrates a stable increase in stockholders' equity, reaching HK$55.3 billion in 2024. The debt-to-equity ratio has decreased over the years, reflecting reduced leverage. The equity ratio improved, indicating a stronger equity base relative to total assets. Return on equity was robust at 11.2% in 2024, marking a turnaround from prior losses. Despite these positive trends, the company still faces moderate leverage, as seen in its debt levels, suggesting potential financial risk.
Cash Flow
JD Logistics has exhibited strong cash flow generation, with operating cash flow significantly increasing over the years. The free cash flow in 2024 was HK$16.5 billion, reflecting strong cash generation capabilities. The operating cash flow to net income ratio is favorable, indicating efficient conversion of profits into cash. Additionally, the free cash flow to net income ratio highlights the company’s ability to generate cash beyond its net earnings. The consistent growth in free cash flow signals a solid cash position.
Breakdown
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
166.62B137.40B104.69B73.37B49.85B
Gross Profit
12.68B10.10B5.78B6.29B3.43B
EBIT
518.45M684.33M-15.08B-3.42B-978.29M
EBITDA
14.97B10.08B-7.12B1.59B53.43M
Net Income Common Stockholders
616.19M-1.09B-15.66B-4.04B-2.24B
Balance SheetCash, Cash Equivalents and Short-Term Investments
33.07B35.43B28.91B10.88B9.27B
Total Assets
112.90B106.70B76.80B54.72B40.05B
Total Debt
27.25B23.88B15.28B12.77B8.68B
Net Debt
10.05B2.39B-2.64B6.42B-597.39M
Total Liabilities
57.53B53.49B36.41B57.62B42.14B
Stockholders Equity
48.16B46.58B37.94B-5.14B-2.12B
Cash FlowFree Cash Flow
10.87B8.31B1.97B6.98B839.74M
Operating Cash Flow
16.35B13.31B6.21B10.20B2.63B
Investing Cash Flow
-15.10B-13.11B-11.12B-8.77B-2.61B
Financing Cash Flow
-5.55B1.48B16.60B-3.73B-9.89B

JD Logistics, Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price12.24
Price Trends
50DMA
12.92
Negative
100DMA
13.11
Negative
200DMA
12.39
Negative
Market Momentum
MACD
-0.15
Negative
RSI
50.86
Neutral
STOCH
79.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2618, the sentiment is Positive. The current price of 12.24 is above the 20-day moving average (MA) of 11.78, below the 50-day MA of 12.92, and below the 200-day MA of 12.39, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 50.86 is Neutral, neither overbought nor oversold. The STOCH value of 79.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2618.

JD Logistics, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
HK$6.14B20.6971.58%5.36%23.50%34.72%
72
Outperform
HK$81.32B11.7812.01%7.77%1079.57%
71
Outperform
$53.78B8.597.81%3.75%7.72%2.35%
64
Neutral
$4.25B11.695.23%249.83%4.04%-9.46%
62
Neutral
€31.16B8.47
5.60%
53
Neutral
$57.32B63.990.47%7.08%-2.96%-81.31%
42
Neutral
HK$1.55B-3.98%1.87%-5.93%-37.74%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2618
JD Logistics, Inc.
12.28
3.34
37.36%
HK:1523
Plover Bay Technologies Ltd.
5.60
2.90
107.41%
HK:1257
China Everbright Greentech Ltd.
0.76
0.09
13.43%
HK:2883
China Oilfield Services
6.03
-2.16
-26.36%
HK:3320
China Resources Pharmaceutical Group Ltd.
4.95
-0.37
-6.97%
HK:1997
Wharf Real Estate Investment Co
19.28
-4.07
-17.42%

JD Logistics, Inc. Corporate Events

JD Logistics Announces 2025 Annual General Meeting Agenda
Apr 25, 2025

JD Logistics, Inc. has announced its upcoming annual general meeting scheduled for June 20, 2025, in Beijing, China. Key agenda items include the adoption of the 2024 financial statements, re-election of directors, and reappointment of Deloitte Touche Tohmatsu as the company’s auditor. The meeting will also address the authorization for the board to manage director remuneration and approve the issuance of additional shares, which could impact the company’s capital structure and shareholder value.

JD Logistics Announces Board Meeting to Approve Q1 2025 Results
Apr 25, 2025

JD Logistics, Inc. has announced a board meeting scheduled for May 13, 2025, to approve the company’s unaudited quarterly results for the first quarter of 2025. This meeting and subsequent earnings call reflect the company’s ongoing commitment to transparency and stakeholder engagement, potentially impacting its market positioning and investor relations.

JD Logistics Reports Strong Financial Growth for Deppon Logistics in 2024
Apr 24, 2025

JD Logistics, Inc. announced key financial results for its subsidiary, Deppon Logistics Co., Ltd., for the year ended December 31, 2024. Deppon reported a revenue increase of 11.26% to RMB 40.36 billion and a 15.41% rise in net profit attributable to shareholders, reaching RMB 860.60 million. The financial performance highlights Deppon’s growth trajectory and improved profitability, which could enhance JD Logistics’ position in the logistics industry and provide positive implications for shareholders and investors.

JD Logistics Reports Deppon Subsidiary’s Q1 2025 Financial Downturn
Apr 24, 2025

JD Logistics, Inc. announced key financial results for its subsidiary, Deppon Logistics Co., Ltd., for the first quarter of 2025. Deppon reported a significant downturn, with a net loss of RMB 68.38 million compared to a profit of RMB 92.79 million in the same period last year. This shift from profit to loss was also reflected in its basic and diluted earnings per share, which fell from RMB 0.09 to a loss of RMB 0.07. The results indicate a challenging period for Deppon, impacting JD Logistics’ overall financial performance and potentially affecting stakeholder confidence.

JD Logistics Approves Key Resolutions at Extraordinary General Meeting
Apr 8, 2025

JD Logistics, Inc. announced that all proposed resolutions at their Extraordinary General Meeting held on April 8, 2025, were approved by shareholders. This includes the ratification of an equity transfer agreement involving Suqian Jingdong Bohai Enterprise Management Co., Ltd. and other entities. The approval of these resolutions is expected to strengthen JD Logistics’ strategic operations and potentially enhance its market positioning.

JD Logistics Grants 21 Million Share Awards to Employees
Apr 1, 2025

JD Logistics, Inc. announced the grant of 21,463,600 share awards to its employees under the Post-IPO Share Award Scheme, representing approximately 0.32% of the total issued shares. The initiative aims to align employee interests with the company’s long-term growth and profitability, with a vesting period ranging from 0.25 to 4 years. This move is expected to enhance employee retention and motivation, contributing to the company’s strategic objectives.

JD Logistics Announces Extraordinary General Meeting for Equity Transfer Approval
Mar 17, 2025

JD Logistics, Inc. has announced an extraordinary general meeting scheduled for April 8, 2025, to consider and approve an equity transfer agreement. This move is part of the company’s strategic initiatives to strengthen its operational capabilities and market positioning, potentially impacting its stakeholders by enhancing its business operations.

JD Logistics Announces New Appointment to Strengthen Audit Committee
Feb 14, 2025

JD Logistics, Inc. has announced the appointment of Ms. Christina Gaw as an independent non-executive director and member of its audit committee, effective February 14, 2025. This strategic addition aims to leverage Ms. Gaw’s extensive experience in capital markets to enhance the company’s governance and oversight capabilities. Concurrently, Dr. Lin Ye has resigned from the audit committee. Ms. Gaw’s appointment is expected to fortify JD Logistics’ industry positioning by bringing valuable insights from her previous roles at notable financial institutions.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.