JD-SW (09618.HK) +0.400 (+0.320%) Short selling $119.95M; Ratio 10.683% (JD.US) will announce its 2Q25 results in mid-August, according to a research report issued by Citi Research. Due to the better-than-expected performance of 2025 “618 Shopping Festival” and the rapid expansion of its food delivery business, the broker raised its revenue/ non-GAAP net profit forecasts by +1.4%/ -50% each, with an estimated loss of more than RMB8 for each food delivery order, dragging the Group's net profit down by 68% YoY to RMB4.7 billion. Related NewsM Stanley Lowers JD.com (JD.US)'s TP to USD28; Impact of Food Delivery War Most Significant in 2Q25Revenue is expected to grow by 15.3% YoY to RMB336 billion, which is higher than the market consensus of RMB330.6 billion, with non-GAAP net profit being RMB4.68 billion.Citi Research adjusted its 2025-2027 forecasts, raising its revenue forecasts by 0.4% and lowering its non-GAAP net profit forecasts by 43%/ 38.3%/ 32.1%, reflecting losses in the food delivery business offsetting profit growth in the retail business, and suspended rating.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)