JD Logistics, the logistics arm of e-commerce giant JD.com, saw its stock plummet 12.03% in Friday's intraday trading following a slower growth in its fourth-quarter net profit.
The Hong Kong-listed company reported a 23.4% year-over-year increase in its non-IFRS net profit to 2.23 billion yuan ($307.74 million) for the fourth quarter of 2024. While still registering growth, this figure marked a deceleration from the previous quarter, when its non-IFRS profit had tripled to 2.57 billion yuan.
The weaker-than-expected earnings performance has raised concerns among investors about the company's growth prospects, leading to the significant sell-off in its shares. JD Logistics' stock tumbled to HK$13.62, its lowest level since February 20, and is on track for its biggest one-day percentage decline since March 2022.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。