JD Logistics Shares Surge on Positive Q2 Forecast and Strong Client Growth

Shares in JD LOGISTICS (ASX: 02618) are trading nearly 4% higher.

At the time of writing, the stock was up 3.92% to HK$13.79, with a trading turnover of HK$42.69 million.

This upward movement follows a research report which anticipates the company's second-quarter performance for 2026 will meet or exceed market expectations.

The report forecasts that stronger-than-expected retail sales, steady growth in external clients, increased market share in express delivery, and international business expansion will likely offset any drag from its subsidiary Deppon.

Total revenue for Q2 is projected to reach 64 billion yuan, slightly above the market consensus of 63.6 billion yuan.

Adjusted net profit is also expected to be slightly ahead of expectations at 2.581 billion yuan.

The report highlighted that the positive trend of growing client numbers and rising average revenue per user within its third-party integrated supply chain business is continuing.

While management has previously noted headwinds from a sharp rise in fuel costs, potential foreign exchange losses, reduced government subsidies, and interest rate changes, it believes operational efficiency improvements should largely counter these impacts.

The recent decline in oil prices, barring a significant rebound, is seen as a potential support for the company's profit margin performance in the second half of 2026.