Glonghui, May 20 | Goldman Sachs released a report stating that JD's profit for the first quarter beat expectations, and growth was steady. Looking ahead to the second quarter, Goldman Sachs predicts that retail revenue for the JD Group and JD will increase by 5% year-on-year, with adjusted net profit of 8.2 billion yuan, compared to 8 billion yuan for the same period last year, of which JD's retail profit margin forecast will remain 3%. The Group's profit forecast for the 2024-2026 fiscal year was raised by 2 to 3%, and the target price for US stocks was raised from $37 to $41, and the target price for H shares was raised from HK$145 to HK$161 in the first quarter. JD maintains a “buy” rating due to its leading retailer size, unique first-party online direct saling+marketing model, and industry-leading internal warehousing and supply chain capabilities.