Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
JD-SW Shares Stretch Upswing to 7%; Company Confident JD Retail Growth to Rebound in 2H
Recommend 8 Positive 13 Negative 6 |
||||
|
||||
|
JD-SW (09618.HK) CEO Sandy Xu said at the earnings conference call that JD's 1Q revenue from electronics and home appliances shed 8.4% YoY to RMB132.17 billion. Dampened by the high base effect of national subsidy policies, compounded with large-scale price hikes for mobile phones and computers in March, consumer demand was suppressed. It is expected that electronics products will face phased pressure in 2Q. However, as the sales mix of electronics accelerates toward mid- to high-end products and leading brands, this will benefit JD in leveraging its self-operated supply chain advantages. The company is confident that JD Retail's growth will pick up in 2H. JD-SW's 1Q non-GAAP net profit sank 42% to RMB7.38 billion, far exceeding expectations. Its stock price opened 3.63% higher today (13th) and then extended its gains, reaching a high of HKD126.7. It last stood at HKD126.7, up 7.01%, with 5.4632 million shares traded, amounting to HKD684 million. AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
