麦格理指出，预计京东健康下半年增长强劲势头持续，受惠于更多新药的直接推出以及来自商家更强劲 的广告花费。麦格理预计药品销售贡献的增强将影响整体毛利率，认为相关品类的增长率(药品>补充剂 >器械)不会出现明显变化，相信公司的供应链能力和更快增长的市场收入，可以抵消这一拖累，并推动 集团毛利率下半年同比扩张1.5个百分点至23.7%。 智通财经APP获悉，京东健康(06618)早盘涨超5%，截至发稿，涨3.95%，报63.15港元，成交额8099.76 万港元。 美银证券发布研报称，京东健康2025年上半年业绩大幅优于预期，该行预期其下半年业绩将持续超越市 场预期。针对第三季，美银证券上修京东健康预测，并预期公司将维持上半年的快速收入增长动能。对 第四季则保守维持原有预测，等待双十一过后获得更多能见度。该行预期京东健康下半年毛利率将实现 同比扩张。 ...

Core Viewpoint - JD Health's stock price has shown significant upward movement, with a notable increase of over 5% in early trading, reflecting positive market sentiment driven by strong performance expectations for the second half of 2025 [1] Group 1: Performance Expectations - Bank of America has released a report indicating that JD Health's performance in the first half of 2025 will significantly exceed expectations, with continued strong performance anticipated in the second half [1] - The bank has revised its forecasts for JD Health's third quarter, expecting the company to maintain rapid revenue growth momentum seen in the first half [1] - For the fourth quarter, Bank of America remains conservative with its predictions, awaiting more visibility post the Double Eleven shopping festival [1] Group 2: Margin and Growth Projections - Macquarie forecasts that JD Health will continue to experience strong growth in the second half, benefiting from the direct launch of new drugs and increased advertising spending from merchants [1] - The firm anticipates that the enhanced contribution from drug sales will positively impact overall gross margins, projecting a year-on-year expansion of 1.5 percentage points to 23.7% in the second half [1] - Macquarie believes that the growth rates across product categories (drugs > supplements > devices) will remain stable, and the company's supply chain capabilities along with faster-growing market revenues will offset any potential margin pressures [1]

Hydration - It is essential to drink water regularly and consume water-rich foods to maintain hydration during high temperatures. The amount of water intake should be based on sweat loss, temperature, and activity level [1] - Sweet beverages do not provide necessary electrolytes like sodium and potassium, making options like fruits, vegetables, nutritious porridge, soup, and lightly salted water better choices for hydration [1] Salt Supplementation - Sodium and potassium are lost through sweat, so it is important not to overly restrict salt intake in hot conditions. Light saltwater is recommended for replenishment [2] - Dietary sources should be prioritized for salt intake, with a variety of soups suggested to enhance daily salt consumption. In cases of high sweat loss, electrolyte-rich beverages may be necessary [2] Increased Vegetable and Fruit Intake - The need for vitamins B1, B2, C, and β-carotene increases in high temperatures, making it important to consume more fruits and vegetables to replenish lost nutrients [3] - Daily recommendations include at least 500g of vegetables and 400g of fruits, focusing on potassium and vitamin-rich options [3] Quality Protein Intake - Protein requirements slightly increase in hot weather, with a recommended energy contribution of 12%-15% from protein, half of which should be high-quality sources [4] - Foods rich in quality protein such as fish, shrimp, eggs, dairy, and lean meats should be included, with specific daily intake recommendations for dairy and soy products [4] Carbohydrate Consumption - Carbohydrates are a vital energy source, and it is advisable to choose complex carbohydrates like whole grain bread and brown rice to provide sustained energy without causing blood sugar spikes [5] Appetite Stimulation - Due to reduced digestive secretions in high temperatures, meals should be visually appealing and varied to stimulate appetite. Light soups before meals can help enhance digestion and appetite [6][7] - Cold dishes and small amounts of cold drinks can also aid in appetite stimulation, but should be consumed in moderation to avoid gastrointestinal discomfort [7] Food Safety - High temperatures accelerate food spoilage and bacterial growth, necessitating strict food hygiene practices. Freshly prepared foods should be prioritized, and stored foods must be checked for quality before consumption [8]