--- title: "Understanding the Market | JD Group-SW rose over 7% as first-quarter performance exceeded expectations, with retail operating profit margin increasing to 5.6%" type: "News" locale: "en" url: "https://longbridge.com/en/news/286180309.md" description: "JD Group-SW rose over 7%, as of the time of writing, up 7.01%, reported at HKD 126.7, with a transaction volume of HKD 750 million. In terms of news, on May 12, JD Group announced its first-quarter results for 2026, with revenue of RMB 315.7 billion, an increase of 4.9% year-on-year; the net profit attributable to ordinary shareholders of the company under non-GAAP was RMB 7.4 billion. Among them, JD Retail achieved an operating profit of RMB 15 billion in the first quarter of 2026, compared to RMB 12.8 billion in the same period last year, with JD Retail's operating profit margin rising to 5.6%. As of the first quarter, JD's annual active user count exceeded 740 million, with quarterly active users achieving double-digit year-on-year growth for 10 consecutive quarters. Huatai Securities believes that JD's first-quarter performance exceeded expectations mainly due to better-than-expected operating profit in the retail segment and steady reduction in losses from new businesses. Looking ahead, in terms of performance: a more favorable base effect in the second half is expected to help it realize a sequential improvement in growth starting from Q2 2026. On the profit side, the company entered a period of heavy investment in the delivery business in the second quarter of last year, and the current positive trend in reducing business losses is expected to help the group's adjusted net profit return to positive growth starting from Q2" datetime: "2026-05-13T01:48:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286180309.md) - [en](https://longbridge.com/en/news/286180309.md) - [zh-HK](https://longbridge.com/zh-HK/news/286180309.md) --- # Understanding the Market | JD Group-SW rose over 7% as first-quarter performance exceeded expectations, with retail operating profit margin increasing to 5.6% According to Zhitong Finance APP, JD Group-SW (09618) rose over 7%, with a current increase of 7.01%, priced at HKD 126.7, with a transaction volume of HKD 750 million. In terms of news, on May 12, JD Group announced its Q1 2026 performance, with revenue of RMB 315.7 billion, an increase of 4.9% year-on-year; the net profit attributable to ordinary shareholders of the company under non-GAAP was RMB 7.4 billion. Among them, JD Retail achieved an operating profit of RMB 15 billion in Q1 2026, compared to RMB 12.8 billion in the same period last year, with JD Retail's operating profit margin rising to 5.6%. As of Q1, JD's annual active user count exceeded 740 million, with quarterly active users achieving double-digit year-on-year growth for ten consecutive quarters. Huatai Securities believes that JD's Q1 performance exceeded expectations mainly due to better-than-expected operating profit in the retail sector and steady reduction of losses in new businesses. Looking ahead, in terms of performance: a more favorable base effect in the second half is expected to help it realize a sequential improvement in growth starting from Q2 2026. In terms of profit, the company entered a heavy investment period in the takeaway business in Q2 last year, and the current positive trend in reducing business losses is expected to help the group’s adjusted net profit return to positive growth starting from Q2 ### Related Stocks - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [06886.HK](https://longbridge.com/en/quote/06886.HK.md) - [601688.CN](https://longbridge.com/en/quote/601688.CN.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [HTSC.UK](https://longbridge.com/en/quote/HTSC.UK.md) ## Related News & Research - [JD.com Starts 2026 with Revenue Growth and Stronger Retail Margins Despite Profit Decline](https://longbridge.com/en/news/286078055.md) - [JD.com Becomes an Unstoppable Juggernaut as Retail Profits Surge 17% and Smash a Brutal Chinese Price War](https://longbridge.com/en/news/286116756.md) - [JD.com Announces First Quarter 2026 Results | JD Stock News](https://longbridge.com/en/news/286072462.md) - [Taocheche files for Hong Kong IPO as China’s leading used car trading platform](https://longbridge.com/en/news/285549514.md) - [JD.com's Growth Stays Hot, But Aggressive Spending Squeezes Margins](https://longbridge.com/en/news/286101055.md)