JD-SW (09618.HK) +0.400 (+0.320%) Short selling $119.95M; Ratio 10.683% (JD.US) will announce its 2Q25 results in August, with expected revenue growth of 15% YoY to RMB336 billion, HSBC Global Research issued a research report saying. Of which, retail business revenue is anticipated to incline by 16%, benefiting from the 618 shopping festival and the trade-in subsidy policy, with sales of home appliances and consumer electronics projected to maintain double-digit growth.Related NewsNomura Lifts JD HEALTH's TP to HKD52, Expecting 1H Rev. & Earnings to BeatConsidering the increased subsidies for e-commerce and investment in the delivery business of the Group, which drag on earnings performance, HSBC Global Research lowered its 2025 profit margin forecast for JD Retail to remain flat YoY, and reduced its 2025-2027 earnings forecasts by 14-35%. Therefore, the broker trimmed its target price from US$48 to US$40, with rating kept at Buy.(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.)