On August 20, JD LOGISTICS rose 3.04% in regular trading, trading at HK$11.9/share with turnover of HK$172 million, reversing the prior weakness following its interim results release.
On the news front, JD.com officially announced its robotics strategy at the World Robot Conference on August 19, planning to invest 10 billion yuan in resources by 2028 to deploy robots across one million terminal scenarios. This builds on earlier progress, including the joint launch with Zhiyuan of the G2 Max humanoid robot for real warehouse operations in July. Additionally, JD LOGISTICS has intensified its buyback program, repurchasing over 10.4 million shares between August 14 and 18 at a cost exceeding HK$120 million. The stock had previously declined following its H1 results, which showed revenue of RMB124.7 billion (up 26.5% YoY) but adjusted net profit growth of only 11%, with Q2 profit growth narrowing to 2.5%. Subsidiary Deppon Logistics posted a net loss of RMB262 million in H1, weighing on sentiment. The combination of oversold recovery, aggressive buybacks, and the robotics catalyst has helped restore market confidence.
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