26
2618.HK
—
HKEX
Unclassified
JD Logistics Inc
Last 30 days
1D5D1M3M6MYTD1Y5YMax
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Mcap
90,4B HKD
P/E
—
EV / Rev
—
Div yield
—
Op margin
3,3 %
ROE
12,2 %
Net margin
3,1 %
Debt / equity
0,41
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About
JD Logistics Inc operates as a logistics provider, generating revenue through integrated supply chain and fulfillment services.
Business. JD Logistics Inc operates as a logistics provider, generating revenue through integrated supply chain and fulfillment services.
Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
BUY17 analysts
17 buy0 hold0 sell
Avg 12m price target18,54
Analyst recommendations
17 analysts · consensus BuyBuy17
Hold0
Sell0
12-month price target
18,54
Consensus of sell-side coverage.
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
17 analysts · indicative
Ownership
—
not yet wired
Profitability→
12,2 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,7 %
Energy+0,6 %+3,3 %+0,1 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,8 %+0,0 %
Consumer Discretionary+0,4 %+7,9 %−0,2 %
Financials−0,2 %+0,9 %−0,8 %
Real Estate−0,7 %+10,9 %−1,3 %
Consumer Staples−0,7 %+2,3 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to 2618.HK. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
JD Logistics Inc operates as a logistics provider, generating revenue through integrated supply chain and fulfillment services.
Classification20 %
SectorUnclassified
AI synthesis
GENERATEDJD Logistics maintains a conservative capital structure with a debt-to-equity ratio of 0.41 and a current ratio of 1.32, indicating adequate short-term liquidity coverage. The company holds total assets of 124.6 billion CNY against total liabilities of 69.9 billion CNY, resulting in total equity of 54.7 billion CNY. Long-term debt stands at 22.4 billion CNY. Despite the negative net cash position flagged in risk assessments, the firm generates robust operating cash flow of 18.8 billion CNY and free cash flow of 12.2 billion CNY, supporting its solvency and ability to service debt without immediate refinancing pressure.
Profitability metrics demonstrate efficient capital deployment, with a return on equity of 12.16% and a return on assets of 5.33%. The company trades at a price-to-earnings ratio of 12.73 and an EV/EBITDA of 14.74, suggesting a valuation that reflects stable earnings power. The price-to-book ratio of 1.55 indicates the market assigns a modest premium to the company's tangible book value. Gross profit of 19.8 billion CNY on revenue of 217.1 billion CNY yields a gross margin of approximately 9.1%, while operating income of 7.3 billion CNY reflects disciplined cost management in a capital-intensive industry.
Key takeaways
- Strong free cash flow generation of 12.2 billion CNY supports debt service and operational flexibility despite negative net cash.
- Conservative leverage with a debt-to-equity ratio of 0.41 and a current ratio of 1.32 indicates manageable financial risk.
- Analyst consensus is strongly positive, with a mean price target of 18.54 CNY suggesting ~46% upside from current levels.
- No dilution risk is present, as basic and diluted share counts are identical at 6.68 billion shares.
- Valuation multiples (P/E 12.73, EV/EBITDA 14.74) are reasonable for a mature logistics operator with stable earnings.
- Lack of historical data and segment breakdowns limits detailed growth and margin trend analysis.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Valuation
Market price
HK$13,54
Market cap
HK$84.60B
Enterprise valueⓘ
HK$107.04B
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
5.7x
P / Bⓘ
1.6x
P / Tangible bookⓘ
1.6x
Tangible book
HK$54.68B
Net cashⓘ
-HK$22.45B
Current ratioⓘ
1.3
Debt / equityⓘ
0.4
ROAⓘ
5.3%
ROEⓘ
12.2%
Cash conversionⓘ
282.0%
CapEx / revenueⓘ
-3.5%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Contract Logistics—
low · llm_fanout_v2
E-commerce Logistics—
low · llm_fanout_v2
Last-Mile Delivery—
low · llm_fanout_v2
Procurement & Supply Chain Services—
low · llm_fanout_v2
Warehousing & Distribution—
low · llm_fanout_v2
Business relationships
— missing data
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 45 %
EPS
Consensus EPS
1,48
Predicted surprise
-0,08
Beat probability
45 %
Analysts
17
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
revision ratio 0,00 · as of 2026-07-10 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,48 |
| Revenue | —no estimate | —no estimate | 265,4B CNY |
| Operating income | —no estimate | —no estimate | 9,0B CNY |
Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Probabilistic model output (TimesFM V1) — not investment advice. · generated 2026-08-04
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution17 analysts
Strong buy7
Buy10
Hold0
Sell0
Strong sell0
12-month price targetHK$18,54 · Median HK$18,25
Low HK$16,00High HK$22,00
Operating income · consensus9,0B CNY
EPS surprise
−22,1 %
reported vs consensus · miss
Revenue surprise
−18,2 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
LowHK$16,00
MeanHK$18,54
MedianHK$18,25
HighHK$22,00
SpotHK$13,54
+36.9 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskMedium
Filing-based flags
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Op Margin3,4 %Below median
Net Margin3,1 %Below median
ROE12,2 %Above median
Capex / Rev-3,5 %Above median
D/E0,41Below median
Cash Conv2,82Above P75
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
— missing data
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Return On Assetsnet_income / total_assets
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
Source documents
- JD Logistics Inc Market data — financials · 2026-07-10
- JD Logistics Inc Market data — analyst estimates · 2026-07-10
- JD Logistics Inc Market data — ESG · 2026-07-10
Ownership & reference
Leadership
- Wei HuChief Executive Officer, Executive Director
- Zhenhui WangChief Executive Officer, Executive Director
Insider activity
— missing data
Short positioning
— missing data
Index membership
Hang Seng
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
2618.HKCanonical
HKEX · HKD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Evidence & claims
From filings & derived data— missing data
The Thread
Everything we know, in order2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
Premium coverage