---
title: "Hong Kong Stock Market Update: JD's performance last year exceeded market expectations, with JD-SWR-SW and JD LOGISTICS both opening more than 8% higher."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/109399676.md"
description: "JD-related stocks opened high after the earnings report. As of the time of this report, JD Logistics rose by 8.19% to HKD 8.32, while JD-SWR increased by 8.18% to HKD 96.5. On the news front, JD-SWR released its financial results for the fourth quarter and full year of 2023. The group's total annual revenue was RMB 1,084.662 billion, a year-on-year increase of 3.67%. Net profit was RMB 23.257 billion, up by 139.99% year-on-year, with a shareholder's net profit of RMB 24.167 billion, a 132.82% increase year-on-year. In the fourth quarter, the group achieved revenue of RMB 306.1 billion, a 3.6% increase year-on-year. Operating profit under non-US GAAP increased by 7.5% from RMB 7.3 billion in the fourth quarter of 2022 to RMB 7.8 billion in the fourth quarter of 2023. Shareholder's net profit was RMB 3.4 billion, an 11.8% increase year-on-year. JD also announced that the board has approved an annual cash dividend of approximately USD 1.2 billion, exceeding the USD 1 billion in 2023. Additionally, the board approved a new share repurchase plan, which will be effective after the current plan expires, allowing the repurchase of shares worth up to USD 3 billion within the next 36 months until March 2027."
datetime: "2024-03-07T01:32:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/109399676.md)
  - [en](https://longbridge.com/en/news/109399676.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/109399676.md)
---

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# Hong Kong Stock Market Update: JD's performance last year exceeded market expectations, with JD-SWR-SW and JD LOGISTICS both opening more than 8% higher.

Zhitong App learned that JD-related stocks opened high collectively after the earnings report. As of the time of publication, JD LOGISTICS (02618) rose by 8.19% to HKD 8.32, while JD-SWR (09618) rose by 8.18% to HKD 96.5.

In terms of news, JD-SWR released its financial results for the fourth quarter and full year of 2023. The group's total annual revenue was RMB 1,084.62 billion, a year-on-year increase of 3.67%; net profit was RMB 23.257 billion, a year-on-year increase of 139.99%; and attributable net profit to shareholders was RMB 24.167 billion, a year-on-year increase of 132.82%. In the fourth quarter, the group achieved revenue of RMB 306.1 billion, a year-on-year increase of 3.6%; operating profit under non-US GAAP increased by 7.5% from RMB 7.3 billion in the fourth quarter of 2022 to RMB 7.8 billion in the fourth quarter of 2023; and attributable net profit to shareholders was RMB 3.4 billion, a year-on-year increase of 11.8%.

JD also announced that the board of directors has approved an annual cash dividend of approximately USD 1.2 billion, exceeding the USD 1 billion in 2023. Furthermore, the board has approved a new share repurchase plan, which will take effect after the expiration of the existing share repurchase plan and allows for the repurchase of shares worth up to USD 3 billion within the next 36 months until March 2027.

### Related Stocks

- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md)
- [JD-SWR (89618.HK)](https://longbridge.com/en/quote/89618.HK.md)
- [JD LOGISTICS (02618.HK)](https://longbridge.com/en/quote/02618.HK.md)

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