JD INDUSTRIALS (07618) rose over 7% following its earnings release. As of the latest update, the stock is up 4.58%, trading at HK$15.06 with a turnover of HK$16.28 million.
On May 12, JD INDUSTRIALS announced its first-quarter 2026 results, reporting revenue of 5.66 billion yuan, a year-on-year increase of 25.3%. Non-IFRS profit for the period reached 230 million yuan, up 54.4% year-on-year, demonstrating robust growth momentum. Notably, the full-chain innovation and practical application of the industrial large-scale model JoyIndustrial have delivered clear value. Nearly 40 AI agents are now serving over 3,000 key enterprise clients. Furthermore, the large model is driving the standardization of products and the construction of an industrial goods price index. The latter has been opened for internal industry testing, helping large enterprises, particularly state-owned and central enterprises, address challenges related to commodity price compliance.
On the same day, JD INDUSTRIALS announced that its board of directors has authorized and approved a plan to repurchase up to $200 million worth of the company's shares in the open market over a 24-month period starting from the approval date. The board believes that the proposed share repurchase under the current circumstances reflects the company's confidence in its immediate and long-term business outlook and prospects. This move is ultimately expected to benefit the company and create value for shareholders.
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