Summary by Futu AI
JD Logistics released its mid-year performance on June 30, 2024, with a revenue of RMB 86.345 billion during the reporting period, a year-on-year growth of 11.0%; gross profit increased significantly by 68.7% to RMB 8.484 billion. Pre-tax profit changed from a loss of RMB 0.382 billion in the same period last year to a profit of RMB 2.889 billion. Net profit changed from a loss of RMB 0.529 billion in the same period last year to a profit of RMB 2.567 billion. Non-IFRS profit during the period reached RMB 3.118 billion, a year-on-year growth of 2,631.2%, reaching a new high in profitability. JD Logistics attributed the growth in the first half of the year to the recovery of the Chinese economy, as well as the flexible and efficient integrated supply chain solutions and service products provided by the company. As of the end of the reporting period, JD Logistics has not distributed interim dividends and there have been no other significant events affecting the company.