GoAI
Get started
JD Logistics, Inc. logo

JD Logistics, Inc.

2618.HK

HKSEIndustrialsIntegrated Freight & Logistics

Open in GoAI

Latest quote

HK$11.54

−HK$0.27 · -2.29%

Aug 24, 11:02 AM HKT

2618.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

JD Logistics, Inc., an investment holding entity, offers a comprehensive suite of supply chain and logistical solutions throughout the People's Republic of China. Its extensive range of services includes warehousing and distribution, expedited parcel and freight conveyance, specialized handling for bulky items, temperature-controlled (cold chain) shipping, and international cross-border logistics. The company also manages both domestic and global transportation and delivery operations. Furthermore, JD Logistics provides supplementary services like installment plans, after-sales care and maintenance, advanced logistics technology, and advertising support. Its diverse clientele encompasses sectors such as fast-moving consumer goods, household appliances and furniture, apparel, 3C products, the automotive industry, and perishable agricultural items. Established in 2021, the firm maintains its principal office in Beijing, PRC.

Industry
Integrated Freight & Logistics
Sector
Industrials
Headquarters
CN
CEO
Zhenhui Wang
Listed since
May 28, 2021
Employees
637,406

Market position

Day range

Current HK$11.54

52-week range

Current HK$11.54

Open
HK$11.80
Previous close
HK$11.81
Volume
15.15M
1.29× average
Average volume
11.76M
Average daily volume
Market cap
70.69B HKD
Beta
0.55
Market reference 1
50-day average
HK$13.1348
-12.14% below average
200-day average
HK$12.8889
-10.47% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
69.43B CNY
P/E (TTM)
12.68×
P/B (TTM)
1.1×
P/S (TTM)
0.25×
EV / EBITDA
6.57×
Earnings yield
10.14%
Free cash flow yield
16.96%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
9.03%
Operating margin
2.50%
Net margin
3.02%
Return on equity
12.15%
Return on assets
5.33%
Return on invested capital
5.46%

Financial health

Debt / equity
0.42×
Current ratio
1.32×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%3%-8%-18%Gross margin, FY2021: 5.52%Gross margin, FY2022: 7.35%Gross margin, FY2023: 7.61%Gross margin, FY2024: 10.23%Gross margin, FY2025: 9.10%Operating margin, FY2021: -2.98%Operating margin, FY2022: -0.41%Operating margin, FY2023: 0.24%Operating margin, FY2024: 3.25%Operating margin, FY2025: 2.36%Net margin, FY2021: -15.13%Net margin, FY2022: -1.02%Net margin, FY2023: 0.37%Net margin, FY2024: 3.39%Net margin, FY2025: 3.06%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 5.52%. Gross margin FY2022 7.35%. Gross margin FY2023 7.61%. Gross margin FY2024 10.23%. Gross margin FY2025 9.10%. Operating margin FY2021 -2.98%. Operating margin FY2022 -0.41%. Operating margin FY2023 0.24%. Operating margin FY2024 3.25%. Operating margin FY2025 2.36%. Net margin FY2021 -15.13%. Net margin FY2022 -1.02%. Net margin FY2023 0.37%. Net margin FY2024 3.39%. Net margin FY2025 3.06%.

Income trends

Revenue

217.15B CNY+18.76%

Operating income

5.12B CNY-13.77%

Net income

6.65B CNY+7.25%
Income trends across reported periods240.45B CNY147.25B CNY54.05B CNY−39.14B CNYRevenue, FY2021: 104.69B CNYRevenue, FY2022: 137.4B CNYRevenue, FY2023: 166.62B CNYRevenue, FY2024: 182.84B CNYRevenue, FY2025: 217.15B CNYOperating income, FY2021: −3.12B CNYOperating income, FY2022: −564.16M CNYOperating income, FY2023: 393.59M CNYOperating income, FY2024: 5.94B CNYOperating income, FY2025: 5.12B CNYNet income, FY2021: −15.84B CNYNet income, FY2022: −1.4B CNYNet income, FY2023: 616.19M CNYNet income, FY2024: 6.2B CNYNet income, FY2025: 6.65B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 104.69B CNY. Revenue FY2022 137.4B CNY. Revenue FY2023 166.62B CNY. Revenue FY2024 182.84B CNY. Revenue FY2025 217.15B CNY. Operating income FY2021 −3.12B CNY. Operating income FY2022 −564.16M CNY. Operating income FY2023 393.59M CNY. Operating income FY2024 5.94B CNY. Operating income FY2025 5.12B CNY. Net income FY2021 −15.84B CNY. Net income FY2022 −1.4B CNY. Net income FY2023 616.19M CNY. Net income FY2024 6.2B CNY. Net income FY2025 6.65B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue217.15B CNY182.84B CNY166.62B CNY137.4B CNY104.69B CNY
Cost of goods sold197.38B CNY164.14B CNY153.94B CNY127.3B CNY98.91B CNY
Gross profit19.77B CNY18.7B CNY12.68B CNY10.1B CNY5.78B CNY
Research and development4.26B CNY3.7B CNY3.7B CNY3.12B CNY2.81B CNY
Selling, general, and administrative10.26B CNY9.02B CNY8.35B CNY7.22B CNY5.95B CNY
Operating expenses14.64B CNY12.76B CNY12.29B CNY10.66B CNY8.9B CNY
Interest income1.1B CNY1.46B CNY1.4B CNY616.85M CNY233.63M CNY
Interest expense855.71M CNY1.01B CNY1.03B CNY876.35M CNY685.22M CNY
Depreciation and amortization5.32B CNY4.97B CNY12.33B CNY10.02B CNY7.79B CNY
Operating income5.12B CNY5.94B CNY393.59M CNY−564.16M CNY−3.12B CNY
Net income6.65B CNY6.2B CNY616.19M CNY−1.4B CNY−15.84B CNY

Company facts updated Aug 24, 2026.

2618.HK peers

Contemporary Amperex Technology Co., Limited logo

3750.HK

Contemporary Amperex Technology Co., Limited

HK$642

-1.61%

CITIC Limited logo

0267.HK

CITIC Limited

HK$12.99

-1.52%

COSCO SHIPPING Holdings Co., Ltd. logo

1919.HK

COSCO SHIPPING Holdings Co., Ltd.

HK$17.86

-0.50%

CK Hutchison Holdings Limited logo

0001.HK

CK Hutchison Holdings Limited

HK$70.25

-0.78%

Techtronic Industries Company Limited logo

0669.HK

Techtronic Industries Company Limited

HK$141.9

-0.91%

MTR Corporation Limited logo

0066.HK

MTR Corporation Limited

HK$33.76

-0.47%

ETFs holding 2618.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
52.88M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
51.54M
Weight
0.03%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
29.27M
Weight
0.02%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
16.32M
Weight
0.06%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
8.52M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
6.44M
Weight
0.02%
AUM
31.22B USD
Expense ratio
0.72%
Price / 1D
$67.12+0.75%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
6.19M
Weight
0.07%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
6.16M
Weight
0.10%
AUM
6.29B USD
Expense ratio
0.59%
Price / 1D
$55.66+0.27%

Continue in GoAI

Research 2618.HK

research.disclaimer