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<Research>CICC Forecasts JD-SW to Deliver Exceptional Rev. & Profit Performance for Last Qtr as Driven by National Subsidy Policies
Recommend 8 Positive 13 Negative 2 |
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CICC has issued a research report anticipating JD-SW (09618.HK) to deliver impressive revenue and profit performance for the last quarter, with revenue increasing by 9.4% YoY to RMB334.9 billion and non-GAAP net profit rising by 15% to RMB9.7 billion, corresponding to a net profit margin of 2.9%. Of which, JD Retail's operating profit is projected to be RMB8.8 billion with an operating profit margin climbing to 3%, mainly due to the GPM benefiting from China's subsidy policies and the company's continuous internal operational improvements. Forecasting JD-SW's 2026 non-GAAP net profit to reach RMB53.3 billion, CICC kept an Outperform rating on the company with a target price of US$51.4. AAStocks Financial News |
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