JD Logistics (02618) has released its financial results for the second quarter ended June 30, 2026, reporting a 24.3% year-on-year increase in revenue to RMB 64.1 billion. Gross profit rose 13.8% to RMB 6.2 billion, while profit attributable to shareholders grew 13.32% to RMB 2.4 billion.

For the first half of 2026, the company generated total revenue of RMB 124.7 billion, up 26.54% year-on-year. Gross profit climbed 24.82% to RMB 11.1 billion, and profit attributable to shareholders reached RMB 3.3 billion, a 27.63% increase from the prior year. Basic earnings per share stood at RMB 0.52.

Strategic Focus and Operational Highlights

Despite facing considerable external uncertainties in the first half of 2026, JD Logistics has remained committed to its mission of "technology-driven, leading global efficient circulation and sustainable development." The company has solidified its core integrated supply chain business, enhanced customer experience, and strengthened its capabilities, while also accelerating its overseas expansion strategy. Deep integration of AI and automation across the entire value chain has been a key driver, supporting high-quality growth in both revenue and profit.

In the first half of 2026, revenue from external customers increased by 29.3% to RMB 85.4 billion. The company's core business segments showed robust growth, supported by its leading integrated supply chain capabilities, extensive network coverage, and deep industry insights. The number of external integrated supply chain customers and average revenue per customer both grew healthily.

Overseas Expansion and Brand Building

While strengthening its domestic foundation, JD Logistics has replicated its mature supply chain model overseas. In the first half of 2026, alongside JD.com's launch of its online retail business Joybuy in Europe, JD Logistics' own express brand, JoyExpress, also began operations in the region. This move has accelerated the buildout of its overseas supply chain network and brand awareness. Concurrently, the business scale of collaborations with external overseas clients continued to expand, driving sustained high growth in the international segment.

Express Business Performance

With continuous upgrades to its time-definite delivery capabilities and product portfolio, the company's express delivery business saw revenue and parcel volume growth rates significantly outpacing the industry average. Despite cost fluctuations arising from geopolitical tensions affecting energy prices, JD Logistics demonstrated operational resilience, effectively mitigating these pressures and maintaining stable profitability.

Profitability and Investment in Technology

In the first half of 2026, profit and non-IFRS profit reached RMB 3.3 billion and RMB 3.7 billion, respectively, representing year-on-year growth of 10.5% and 10.7%. Gross profit increased by 24.8% to RMB 11.1 billion. This performance was underpinned by improved operational efficiency in core businesses, an optimized product mix, and sustained investment in technological innovation.

Technology remains a key pillar for building long-term competitive advantages. Leveraging the industry's most extensive operational scenarios and complete operational chain, JD Logistics continues to drive the deep integration of AI and automation across warehousing, sorting, and transportation. Supported by its self-developed "Wolf Clan" series of robots and the "Superbrain" large model, the company has constructed a unique end-to-end intelligent operations system, continuously optimizing operational efficiency and customer experience.