---
title: "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"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225485744.md"
description: "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"
datetime: "2025-01-20T01:30:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225485744.md)
  - [en](https://longbridge.com/en/news/225485744.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225485744.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/225485744.md) | [繁體中文](https://longbridge.com/zh-HK/news/225485744.md)


# 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

According to Zhitong Finance APP, JD Group-SW (09618) opened more than 4% higher, and as of the time of writing, it rose by 4.02% to HKD 152.6, with a transaction volume of HKD 100 million.

In terms of news, JD has launched a "Gift" feature in its latest version of the APP, which also achieves seamless integration with WeChat. JD has also introduced a fun "Group Gifting" feature, allowing users to purchase multiple gifts at once and send them to a WeChat group, where group members can randomly grab different gifts based on luck. Additionally, on January 20, new subsidies for mobile phones and other digital products were implemented on JD. Guosen Securities' recent research report pointed out that the national subsidy policy for trade-in will continue to expand and strengthen by 2025, and JD is expected to benefit significantly from this policy support.

CITIC Construction Investment Securities stated that it expects JD's revenue in Q4 2024 to grow by 9.5% year-on-year to CNY 335.1 billion, with a Non-GAAP net profit of CNY 10.1 billion, corresponding to a net profit margin of 3.02%, compared to 2.75% in the same period last year. Benefiting from the national subsidy policy, the growth rate of battery-powered categories has significantly increased quarter-on-quarter and exceeded the growth rate of daily necessities, with home appliances and computers growing faster than mobile phones. On the profit side, although sales expenses are rising during the industry's peak season, the gross profit margin of 1P categories such as home appliances and PCs has improved significantly due to the trade-in policy. Looking ahead to 2025, it is expected that the national subsidy policy will continue, offline channels will be further opened up, and with revenue growth exceeding that of social retail, profit margin improvements will continue to be achieved through enhanced supply chain efficiency

### Related Stocks

- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [JD-SWR (89618.HK)](https://longbridge.com/en/quote/89618.HK.md)
- [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md)
- [GUOSEN SECURITIES (002736.CN)](https://longbridge.com/en/quote/002736.CN.md)
- [SUNING.COM (002024.CN)](https://longbridge.com/en/quote/002024.CN.md)
- [CSC (06066.HK)](https://longbridge.com/en/quote/06066.HK.md)
- [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md)
- [HAIER SMARTHOME (06690.HK)](https://longbridge.com/en/quote/06690.HK.md)
- [FRIEND (605050.CN)](https://longbridge.com/en/quote/605050.CN.md)

## Related News & Research

- [JD.com Plans Offshore CNY Bond Offering to Refinance Debt](https://longbridge.com/en/news/281116889.md)
- [Guohai Securities Sticks to Their Buy Rating for JD.com, Inc. Class A (9618)](https://longbridge.com/en/news/278332604.md)
- [Huatai Securities Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)](https://longbridge.com/en/news/281318016.md)
- [Gold Hunter shifts from quiet buildup to fully funded drilling push at Newfoundland gold district](https://longbridge.com/en/news/281261616.md)
- [The Tesla Model S And Model X Are Officially Dead](https://longbridge.com/en/news/281317969.md)