On March 6, listed companies within the JD ecosystem experienced a significant rally, driven by positive financial results released the previous day. By market close, JD-SW (09618) had surged nearly 10%, with its share price exceeding HK$106. JD LOGISTICS (02618) soared close to 23%, while JD Health rose over 7%, and JD Health also advanced nearly 2%. As China's leading branded e-commerce platform, JD-SW achieved double-digit growth in both annual revenue and active user numbers for the full year 2025. The company's core business advantages remain solid, its revenue structure has become more diversified, and new ventures such as food delivery services have continued to expand steadily. According to the financial report, JD-SW's full-year 2025 revenue reached RMB 1,309.1 billion, accelerating to double-digit growth. Under non-GAAP measures, net profit for the full year 2025 was RMB 27 billion. Annual active users increased to over 700 million, with quarterly active users and shopping frequency both rising more than 30% year-over-year.
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