JD Logistics Inc

02618: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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JD Logistics Earnings: Integrated Supply Chain Builds Momentum; Capital Returns Begin

Chelsey Tam

May 13, 2026

JD Logistics' first-quarter revenue grew 29% year on year, accelerating from 21.9% in the fourth quarter, while non-IFRS profit surged by 40%, improving from a 3% decline. Employee benefit and outsourcing costs increased 34% and 31%, respectively.

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JD Logistics Inc

JD Logistics Earnings: Integrated Supply Chain Builds Momentum; Capital Returns Begin

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