
Understanding the Market | JD-SW opened over 4% higher, APP launches gift-giving feature, the company is expected to significantly benefit from national subsidy policies

JD Group-SW opened more than 4% higher, and as of the time of writing, it rose 4.02% to HKD 152.6, with a transaction volume of HKD 100 million. JD has launched a "Gift" feature in its app, seamlessly integrating with WeChat. Guosen Securities pointed out that national subsidy policies will significantly benefit JD, expecting a year-on-year revenue growth of 9.5% to RMB 335.1 billion in Q4 2024, with a Non-GAAP net profit of RMB 10.1 billion and a net profit margin of 3.02%. Looking ahead to 2025, it is expected that the national subsidy policy will continue, and profit margins will improve through enhanced supply chain efficiency
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