JD Logistics stock reports 26.5 percent revenue growth from China logistics expansion

Published on 10/07/2026 at 05:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JD Logistics stock was trading at HKD 9.88 on October 7, 2026, while six-month revenue reached RMB 124.7 billion. A 19-analyst consensus carries a Buy rating.

JD Logistics, KYG5074S1012, Illustration mit AI erstellt.

JD Logistics (ISIN KYG5074S1012) was trading at HKD 9.88 on HKEX at 11:00 a.m. HKT on October 7, 2026, with the day's range at HKD 9.81 to HKD 9.91. The latest company update showed revenue of RMB 124.7 billion for the six months ended June 30, 2026, up 26.5 percent year over year, according to PR Newswire on September 23, 2026.

Revenue growth reaches 26.5 percent

The six-month result gives JD Logistics a stronger operating-growth profile than the share price alone suggests. Revenue from external customers reached RMB 85.4 billion, an increase of 29.3 percent from the comparable period, while integrated supply chain revenue rose 18.5 percent to RMB 59.4 billion, according to PR Newswire.

The customer base behind that expansion also reached 79,300 external integrated supply chain customers in the six-month period. The comparison matters because external-customer revenue grew faster than total revenue, pointing to continuing demand beyond JD.com's internal logistics needs.

Global network adds operating scale

The September 23 update described a broader international platform built around JoyLogistics and JoyExpress. As of June 30, 2026, the company operated 13 freighter aircraft, managed 26 countries and regions in its international network, and had more than 200 overseas, bonded and direct-mail warehouses, according to PR Newswire.

That network creates a counterweight to the headline growth rate. Warehouses, aircraft and cross-border delivery capacity can support higher-value supply chain contracts, but they also make utilization and cost discipline important for future margins.

Consensus target uses a different currency

MarketScreener lists a Buy consensus from 19 analysts and an average target price of CNY 15.10. The target is denominated in CNY, while the primary HKEX quote is in HKD, so the two figures are not combined into a percentage distance.

JD Logistics stock was trading at HKD 9.88 on October 7, 2026, up HKD 0.01 from the previous close. The 52-week range of HKD 9.51 to HKD 16.76 places the quote near the lower end of its yearly span.