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<Research>Nomura: JD.com (JD.US) 3Q Results Beat
Recommend 1 Positive 3 Negative 2 |
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JD-SW (09618.HK)(JD.US)'s 3Q25 results beat expectations, Nomura released a research report saying. Revenue grew by 15% YoY to RMB299 billion, beating market consensus by 2%. Despite increased investments in the food delivery business, non-GAAP net profit significantly beat market expectation, driven by the strong performance of JD Retail. The new business segment revenue reached RMB15.6 billion, up 214% YoY, mainly driven by JD Food Delivery. The loss in the new business segment expanded from RMB14.8 billion in 2Q25 to RMB15.7 billion. JD-SW attributed the widened loss to the expansion of Jingxi and the overseas e-commerce business, JD Global. Therefore, the broker kept its target price for JD-SW's US stock at US$43 with rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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