On June 2, JD Logistics rose 3.08% in regular trading, trading at HK$13.72 per share, with trading volume of approximately HK$53.11 million.

On the news front, the company has been conducting continuous share repurchases since May 15. As of June 1, JD Logistics had cumulatively repurchased approximately 23.29 million shares, spending over HK$214 million. Notably, on May 29, the single-day buyback intensity surged significantly, with the company spending approximately HK$96.59 million to repurchase 7.496 million shares — roughly triple the daily amounts in the preceding days. On June 1, the company continued repurchasing 1.85 million shares for approximately HK$24.60 million.

The sustained and accelerating buyback program signals management's strong conviction in the company's valuation. The repurchases come on the heels of a robust Q1 earnings report released on May 12, which showed revenue of RMB 60.58 billion (up 29% year-over-year) and net profit of RMB 880 million (up 95%), marking the company's best first-quarter profit performance since listing.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)