JD LOGISTICS(02618.HK)：DOUBLE-DIGIT REVENUE AND PROFIT GROWTH IN 1Q25; UPBEAT ON QUALITY AND EFFICIENCY IMPROVEMENT IN MEDIUM AND LONG TERM
1Q25 results in line with our expectations JD Logistics announced its 1Q25 results: Revenue rose 11% YoY to Rmb46.97bn, non-IFRS net profit rose 13% YoY to Rmb751mn, and non- IFRS net margin stayed flat YoY at 1.6%. The firm's 1Q25 results were in line with our expectations. The firm increased investment to enhance product competitiveness, leading to a short-term rise in costs while driving healthy revenue growth. We are upbeat on the firm's profit growth in the medium and long term. 机构：中金公司 研究员：Qibin FENG/ ...