Huatai Securities issued a research report lowering its 2025 profit margin assumption for JD LOGISTICS (02618.HK) -0.100 (-0.861%) Short selling $13.95M; Ratio 20.156% due to rising costs on short-term resource investment, and accordingly reducing its 2025 net profit/ non-IFRS earnings forecasts for the Company by 3% each. The broker also dropped its target price for JD LOGISTICS from $17.8 to $16.7, with a target projected PE ratio of 14.8x, with rating kept at Buy.Related NewsCLSA Cuts JD LOGISTICS' TP to HKD15.7; Rating Kept OutperformJD LOGISTICS is increasing its investment in logistics infrastructure and personnel, resulting in a higher increase in costs than revenue in the short term, Huatai Securities noted. The 1Q25 gross profit margin/ non-IFRS profit margin were 7.2%/ 1.6% each, down 0.5 ppts/ up 3 bps YoY. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 12:25.)