Nomura released a research report sayingplaytoearncryptogamesios, gave Jingdong Logistics (02618) a "buy" rating, and both revenue and profit in the first fiscal quarter exceeded expectations. The company's revenue during the period increased by 15% year-on-year, 4% higher than market and the bank's expectations. Gross profit margin during the period increased by 3% year-on-yearplaytoearncryptogamesios.2 percentage points to 7.7%, which was about 1.4 and 1.7 percentage points higher than market and the bank's expectations. Jingdong Logistics's non-International Financial Reporting Standards (non-IFRS) net profit turned positive to 663 million yuan, about 7 times higher than market and the bank's expectations.
