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<Results>JD-SW (09818.HK) 1Q24 Non-GAAP NP Rises 17.2% YoY to RMB8.9B, BeatsJD-SW (09618.HK) announced its results for 1Q24 ended March.
Net profit attributable to ordinary shareholders reached RMB7.13 billion, a 13.9% YoY growth, compared to the forecasts of RMB5.062 billion to RMB6.245 billion (down 0.3%-19.2% YoY) by the 4 brokers as summarised by our reporters, beating expectations.
Basic earnings per share was RMB2.28, and basic earnings per ADS was RMB4.56.
Non-GAAP net profit attributable to ordinary shareholders reached RMB8.899 billion in 1Q, rising 17.2% YoY, and above the upper end of the forecasted range of RMB6.881 billion to RMB8.266 billion by the 14 brokers summarised by our reporters.
Non-GAAP basic earnings per share was RMB2.85 and non-GAAP basic earnings per ADS was RMB5.69.
Group revenue for the period was RMB260.049 billion, a 7% YoY increase.
Among them, JD Retail's revenue was RMB226.835 billion, elevating 6.8%.
Revenue from JD LOGISTICS (02618.HK) inclined 14.7% to RMB42.137 billion.
Revenue from new businesses was RMB4.87 billion, dropping 19.2% YoY.
As of 15 May 2024, JD repurchased 98.3 million Class A ordinary shares YTD, equivalent to 49.2 million ADSs, for a total of US$1.3 billion, or 3.1% of the ordinary shares outstanding as of the end of last year.
JD's ADS (JD.US) hiked 3.8% to US$34.95 in pre-market.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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