Deppon Logistics (SHA:603056), a subsidiary of JD Logistics (HKG:2618), expects to report a net profit of 40.4 million yuan to 52.4 million yuan for the six months ended June 30, down about 84% to 88% from a year prior, according to a Monday bourse filing.

Shares of JD Logistics were down about 2% in Tuesday's recent trade.

Excluding non-recurring items, the company is forecasting a net loss of 39.1 million yuan to 51.1 million yuan, compared to a profit in the prior-year period, representing a decline of around 120% to 126%.