The Zhitong Finance App learned that Nomura released a research report stating that according a “buy” rating to JD Logistics (02618), both revenue and profit for the first fiscal quarter beat expectations. The company's revenue for the period increased 15% year on year, 4% higher than the market and the bank's expectations. Gross margin increased 3.2 percentage points to 7.7% year-on-year during the period, which was about 1.4 and 1.7 percentage points higher than the market and the bank's expectations. JD Logistics's non-IFRS net profit changed to RMB 663 million, which was about 7 times higher than the market and the bank's expectations.