JD Logistics, Inc. (2618) AI Stock Analysis

• Market Cap: HK$93.07B
• Dividend Yield: N/A
• Average Volume (3M): 11.92M
• Price to Earnings (P/E): 13.5
• Beta (1Y): 1.38
• Revenue Growth: 7.77%
• EPS Growth: 1079.57%
• Country: HK
• Employees: 498,709
• Sector: Industrials
• Sector Strength: 94
• Industry: Integrated Freight & Logistics
• EPS (TTM): N/A
• Shares Outstanding: 6,648,081,500
• 10 Day Avg. Volume: 11,436,145
• 30 Day Avg. Volume: 11,915,828
• PEG Ratio: 0.96
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$14.57
• Price Target Upside: 4.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: HK$16.00 ▲(14.29%Upside)

JD Logistics presents a strong investment case driven by robust financial performance and positive technical indicators. The company's solid revenue growth, improving profit margins, and strong cash flow generation are key strengths. Despite the stock's fair valuation and absence of dividends, the overall financial health and market momentum position it well for future growth.

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. Business Overview & Revenue Model

Company Description

JD Logistics Inc., an investment holding company, provides supply chain solutions and logistics services in the People's Republic of China. The company offers warehousing and distribution, express and freight delivery; bulky item, cold chain, and cross-border logistics; and domestic and international transportation and delivery services. It also provides value-added services, such as installment, after-sales and maintenance, logistics technology, and advertising services. The company serves fast-moving consumer goods, home appliances and home furniture, apparel, 3C, automotive, and fresh produce industries. JD Logistics Inc. was incorporated in 2021 and is based in Beijing, the People's Republic of China.

How the Company Makes Money

JD Logistics makes money through a comprehensive revenue model centered around its diverse range of logistics services. The primary revenue streams include fee-based services for warehousing, transportation, and last-mile delivery. The company also earns income from integrated supply chain management services provided to businesses looking to optimize their logistics operations. Additionally, JD Logistics benefits from partnerships with JD.com, handling a significant portion of the e-commerce giant's logistics needs, which contributes to a steady stream of revenue. The company's focus on technology-driven solutions and network expansion further enhances its ability to generate income by improving operational efficiency and expanding service capacity.

JD Logistics, Inc. Financial Statement Overview

Summary

JD Logistics has shown robust revenue growth and significant improvement in profit margins, with net income turning positive. The balance sheet indicates reduced leverage and a stronger equity base, while strong cash flow generation highlights liquidity and operational efficiency. However, there is still room for profitability enhancement and managing leverage.

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

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 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	182.84B	166.62B	137.40B	104.69B	73.37B
Gross Profit	18.70B	12.68B	10.10B	5.78B	6.29B
EBITDA	11.07B	14.97B	10.08B	-7.12B	1.59B
Net Income	6.20B	616.19M	-1.09B	-15.66B	-4.04B
Balance Sheet
Total Assets	117.87B	112.90B	106.70B	76.80B	54.72B
Cash, Cash Equivalents and Short-Term Investments	43.14B	33.07B	35.43B	28.91B	10.88B
Total Debt	23.17B	27.25B	23.88B	15.28B	12.77B
Total Liabilities	54.90B	57.53B	53.49B	36.41B	57.62B
Stockholders Equity	55.32B	48.16B	46.58B	37.94B	-5.14B
Cash Flow
Free Cash Flow	15.17B	10.87B	8.31B	1.97B	6.98B
Operating Cash Flow	20.79B	16.35B	13.31B	6.21B	10.20B
Investing Cash Flow	-840.45M	-15.10B	-13.11B	-11.12B	-8.77B
Financing Cash Flow	-11.49B	-5.55B	1.48B	16.60B	-3.73B

JD Logistics, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 14 is above the 20-day moving average (MA) of 13.39, above the 50-day MA of 12.64, and above the 200-day MA of 13.35, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 69.96 is Neutral, neither overbought nor oversold. The STOCH value of 90.72 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2057	80 Outperform	HK$124.54B	12.42	15.67%	0.03%	12.94%	9.55%
0598	78 Outperform	$39.84B	7.87	9.59%	1.90%	0.33%	-8.73%
2618	76 Outperform	HK$93.07B	13.47	12.01%	―	7.77%	1079.57%
2490	67 Neutral	HK$4.75B	11.10	30.13%	0.18%	53.93%	218.84%
Sector *	67 Neutral	€8.35B	21.10	6.46%	2.82%	1.93%	-39.22%
1519	58 Neutral	HK$88.32B	111.06	3.61%	―	15.55%	―
0636	58 Neutral	$15.76B	10.03	8.04%	3.54%	22.92%	27.65%

JD Logistics, Inc. Corporate Events

JD Logistics Reports Significant Decline in Deppon Logistics’ Mid-Year Results

JD Logistics, Inc. announced a significant decline in the estimated results for its subsidiary, Deppon Logistics Co., Ltd., for the first half of 2025. Deppon expects a substantial decrease in net profit, with figures ranging from RMB40.40 million to RMB52.40 million, marking a drop of approximately 84.26% to 87.86% compared to the previous year. Additionally, Deppon anticipates a net loss after non-recurring items, indicating a shift from profit to loss. These results highlight challenges faced by Deppon, impacting JD Logistics’ overall financial performance and potentially affecting investor sentiment.

The most recent analyst rating on (HK:2618) stock is a Buy with a HK$15.70 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.

JD Logistics Grants Over 9 Million Shares to Employees

JD Logistics, Inc. announced the grant of 9,361,882 Award Shares to its employees under the Post-IPO Share Award Scheme, representing about 0.14% of the total issued shares. This initiative is designed to incentivize employees, with shares vesting over various periods up to four years. The scheme includes a clawback mechanism to protect the company’s interests, ensuring that shares can be forfeited under specific circumstances such as employment termination or criminal convictions.

The most recent analyst rating on (HK:2618) stock is a Hold with a HK$9.40 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.

JD Logistics Expands into Food Delivery with New Recruitment Drive

JD Logistics, Inc. has announced its entry into the food delivery sector by recruiting full-time riders for JD Food Delivery, a subsidiary of JD.com. This strategic move is expected to enhance JD Logistics’ service offerings and create synergies with its existing delivery operations, potentially improving operational efficiency and strengthening its market position.

The most recent analyst rating on (HK:2618) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.

JD Logistics Announces Successful AGM Resolutions

JD Logistics, Inc. announced that all proposed resolutions at its Annual General Meeting on June 20, 2025, were passed by shareholders. This includes the re-election of several directors and the authorization for the board to fix directors’ remuneration and reappoint Deloitte Touche Tohmatsu as the company’s auditor. The approval of these resolutions reflects shareholder confidence in the company’s governance and strategic direction, potentially strengthening its industry position.

The most recent analyst rating on (HK:2618) stock is a Hold with a HK$9.40 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.

JD Logistics Reports Strong Q1 2025 Growth and Expands Global Operations

JD Logistics, Inc. reported significant financial growth for the first quarter of 2025, with an 11.5% increase in revenue and an 89.5% rise in profit compared to the previous year. The company has expanded its logistics capabilities by launching its 10th self-operated all-cargo airplane and opening new warehouses in Poland and the Middle East, enhancing its international logistics network. Additionally, JD Express has improved its service efficiency in Hong Kong by introducing automated sorting technology. These developments position JD Logistics as a key player in the global logistics industry, providing high-quality and efficient logistics solutions to its clients.

The most recent analyst rating on (HK:2618) stock is a Hold with a HK$9.40 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.

JD Logistics Announces 2025 Annual General Meeting Agenda

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

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.