智通财经网·2025-10-17 03:07Core Viewpoint - The report from交银国际 indicates that JD Group is expected to achieve a 13% year-on-year increase in total revenue for Q3, reaching 294.62 billion RMB, aligning with market expectations. The adjusted net profit is projected to be 4.2 billion RMB, with a profit margin of 1.4%, which is an improvement compared to 5.1% in the same period last year and 2.1% in Q2 [1] Revenue and Profit Forecast - Total revenue for JD Group in Q3 is anticipated to be 294.62 billion RMB, reflecting a 13% year-on-year growth [1] - The adjusted net profit is expected to be 4.2 billion RMB, corresponding to a profit margin of 1.4%, which is better than the previous year's 5.1% and Q2's 2.1% [1] Business Segment Performance - The retail business is projected to maintain steady growth, with a year-on-year increase of 10%, driven by double-digit growth in daily necessities, while the growth rate for electronics is expected to slow due to a high base from last year [1] - The order volume for the food delivery service in Q3 is expected to exceed that of Q2, with improvements in fulfillment efficiency and subsidy efficiency leading to a reduction in losses [1] - There is an expectation of increased cross-selling between the food delivery service and retail, with potential for more synergies during the e-commerce promotional period in Q4 [1]