Core Insights - Citigroup's research report indicates that JD.com's total revenue for Q3 increased by 14.9% year-on-year to 299.1 billion yuan, surpassing both Citigroup's and market forecasts by 3.8% and 1.6% respectively [1] - Non-GAAP net profit reached 5.8 billion yuan, exceeding Citigroup's and market predictions by 16.1% and 39.5% [1] Revenue Breakdown - Revenue from electronic products and home appliances grew by 4.9% year-on-year to 128.6 billion yuan, exceeding Citigroup's forecast by 1% [1] - General merchandise revenue increased by 18.8% year-on-year to 97.5 billion yuan, surpassing predictions by 3.3% [1] - JD's retail business revenue rose by 11.4% year-on-year to 250.6 billion yuan [1] Investment Rating - Citigroup maintains a target price of $44 for JD's U.S. stock and a "Buy" rating [1]
大行评级丨花旗：京东第三季业绩超预期 维持“买入”评级及目标价44美元
Ge Long Hui·2025-11-14 07:40