Stock Track | JD Logistics Soars 7.08% in Early Trading on Strong Q1 Earnings and $1.2 Billion Buyback Plan

Stock Track

3小時前

JD Logistics' stock price surged 7.08% during early trading on Wednesday, marking a significant upward movement for the logistics company.

The sharp rise follows the company's release of robust first-quarter financial results. JD Logistics reported Q1 revenue of RMB 60.58 billion, representing a 29% year-over-year increase and surpassing analyst expectations. More notably, net profit attributable to shareholders soared 95.2% year-over-year to RMB 880 million, marking the company's best first-quarter profit performance since its listing.

Concurrently, the company's board authorized a major share repurchase program of up to $1.2 billion over the next 48 months, signaling strong confidence in JD Logistics' long-term business outlook and financial health. The dual catalysts of exceptional earnings growth and the substantial buyback announcement have provided strong momentum for the stock's performance.

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