JD Logistics falls after slower growth in fourth-quarter net profit

JD Logistics

07/03/2025 03:39

** Shares of JD Logistics Inc 2618.HK fall 11.9% to HK$13.62, their lowest since February 20, and on course to snap four straight sessions of gains

** Stock on track for biggest one-day pct decline since March 2022

** Logistics services arm of JD.com 9618.HK said its non-IFRS profit for Q4 2024 rose 23.4% y/y to 2.23 bln yuan  ($307.74 mln)

** In Q3, non-IFRS profit tripled to 2.57 bln yuan

** Hong Kong shares of JD.com fall 3%

** The Hang Seng Commerce & Industry Index .HSNC rises 0.3%, the Hang Seng Tech Index .HSTECH climbs 0.8%, and the Hang Seng Index .HSI adds 0.1%

** JD Logistics stock up 7.8% YTD

($1 = 7.2463 Chinese yuan)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))