JD.com (JD, Financial) announced its first-quarter earnings, revealing a substantial year-on-year profit increase of 52.7%, reaching RMB 10.89 billion. Under non-GAAP measures, net profit stood at RMB 12.758 billion, marking a 43.4% rise from the previous year. These results surpassed the predictions of 16 brokerage firms, which estimated profits between RMB 9.846 billion and RMB 11.47 billion.
The strong quarterly performance led JD.com's stock to rise 4.23% at market open, with the highest price reaching RMB 143.2. Currently, the stock is trading at RMB 141.9, up 3.58%, with a trading volume of 4.1962 million shares, amounting to RMB 5.91 billion. The positive earnings report has significantly influenced investor sentiment, driving the stock's upward momentum.
