To The Moon

On May 17, a seemingly ordinary day became a great miracle day for Hong Kong stocks. Tencent, Alibaba, jd.com and other Internet companies ushered in a long lost surge.

On the news side, major institutions have recently disclosed the 13F report. The data show that top institutions, including Bridgewater Associates and Greenwoods, increased their positions in the first quarter.

At the same time, major Wall Street banks have raised the rating of China concept stocks.

Good news for long-term investors!

At the same time, today is the day for JD to disclose its first quarterly report. As a giant that took the lead in disclosing its financial report, JD's report card has attracted much attention.

Fortunately, Jingdong lived up to expectations and handed over a beautiful answer. In the trend before the US stock market, it rose by 9%, adding fundamental support to the rebound of Zhongyu shares!

In the first quarter, JD achieved 239.7 billion revenue, a year-on-year increase of 18%, higher than the market expected growth rate of 16.5%.

Among them, the retail business achieved a revenue of 217.5 billion, a year-on-year increase of 17%; JD logistics achieved a revenue of 27.35 billion, a year-on-year increase of 22%; New business increased by 12% year-on-year;

In the first quarter, the newly merged Dada revenue was 688 million.

From the perspective of revenue, although it exceeded market expectations in the first quarter, the growth rate of jd.com Q1 slowed down both in terms of overall growth and business.

In particular, JD logistics, compared with the growth rate of 40% + in 2020 and 2021, the rate of 22% can be called a cliff decline.

Judging from the covid-19 outbreak, I'm afraid the situation in the second quarter will be worse.

Therefore, the slowdown of Jingdong's growth is a reality that investors must face.

After talking about revenue, let's look at the client. In the first quarter of this year, the number of active users of JD reached 580.5 million, with a year-on-year increase of 10.8 million.

Such a report card is a proud achievement among the three giants of e-commerce, but the user growth rate is the same as the revenue, and the slowdown is obvious:

With the increasing volume of users and the growth of user side, it is inevitable to enter the era of low speed.

The growth rate of JD's net assets reached 3.5 billion in the same period last year, which was mainly due to the decline of JD's net profit of 3.5 billion in the same period last year. At the same time, the net profit of 3.6 billion last year was mainly from investment profits and losses.

Therefore, the operating profit can better reflect the real business situation of JD.

In the first quarter, JD's operating profit was 2.4 billion, a year-on-year increase of 45%, and the operating profit margin increased from 0.8% to 1%:

Overall, JD's first quarter report card is bright. From the stock price, investors can also see the clue. Under the sadness of Zhongyu shares, JD's decline has been very restrained.

At present, covid-19 is the main adverse factor that interferes with JD's performance.

In covid-19 in Shanghai, JD delivered more than 80000 tons of necessities, including drugs and mother and baby supplies, and sent more than 4000 couriers to support the local supply business in more than a month. Its suicide logistics once boarded the hot search and earned a good reputation!

With more cities struggling with the epidemic, it is expected that the second quarter will be the low growth point of JD's performance. This part of the adverse factors have been reflected in the stock price.

The dynamic sales rate of Jingdong is only 5.0 times higher than that in 2018, which is only 5.0 times higher than that in 2018：

Undervalued, superimposed institutions collectively increase their positions in China concept stocks, and JD may become the rebound leader!

$JD.com(JD)$