In short
JD.com, Inc. (9618.HK) has revenue up 13.0% to CNY 1.3T and net income down 52.5% to CNY 19.6B year on year. Its net margin is 1.5% and gross margin 16.0%, and it trades at 18.7× trailing earnings. Fisclear flags 1 medium-severity risk and no high-severity ones. How we calculate this
Valuation
Consumer CyclicalLive · Yahoo FinancePrice
HK$105.60
HK$288.5B
19.6x
3.71%
52-Week Range
4-engine score — Quality and Peers engines require SEC EDGAR (US stocks only)
PEG 0.49 — below growth rate.
Based on filing period ending Dec 2025
International FisclearScore uses 4 engines (no EDGAR data). Based on Yahoo Finance & Alpha Vantage reported financials. Not financial advice.
🇭🇰 Hong Kong Macro Indicators
Full dashboard →CPI Inflation
1.44%→
Near target
GDP Growth
3.49%↑
Strong
USD/HKD
7.85→
Current Account
12.25% GDP↑
Surplus
CPI inflation is 1.4% year-over-year (inflation near target); GDP growth is 3.5% year-over-year (moderate growth); USD/HKD is at 7.8470.
SWOT Analysis — 9618.HK
Inflationary BoomStrengths
Gross Profit: CNY 210.0B (+14.2% YoY) — Gross profit rose 14% — the spread between revenue and direct costs improved.
Revenue: CNY 1.3T (+13.0% YoY) — Revenue grew 13% — the company sold more goods or services than the prior year.
Weaknesses
Operating Cash Flow: CNY 19.0B (-67.3% YoY) — Operating cash flow fell 67% but remained positive.
Net Income: CNY 19.6B (-52.5% YoY) — Profit fell 53% but remained positive.
EPS (Diluted): CNY 6.45 (-52.0% YoY) — Earnings per share fell 52%.
Opportunities
No clear opportunities identified at this time.
Threats
Net income dropped 53% year-over-year — a significant compression in profitability.
Financial Charts
Year-over-Year Changes
Operating Cash Flow
CNY 19.0B
was CNY 58.1B
Operating cash flow fell 67% but remained positive.
Net Income
CNY 19.6B
was CNY 41.4B
Profit fell 53% but remained positive.
EPS (Diluted)
CNY 6.45
was CNY 13.43
Earnings per share fell 52%.
Gross Profit
CNY 210.0B
was CNY 183.9B
Gross profit rose 14% — the spread between revenue and direct costs improved.
Revenue
CNY 1.3T
was CNY 1.2T
Revenue grew 13% — the company sold more goods or services than the prior year.
Risk Flags
0 high · 1 medium · 0 low- ◈ Medium
Net income dropped 53% year-over-year — a significant compression in profitability.
Price HistoryHKD
Technical Signals
Daily closes · 1-year dataLatest News
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External Links
Research JD.com, Inc.
Data sourced from HKEX, FRED (Federal Reserve), OECD, BIS, and Yahoo Finance. For informational purposes only. Not financial advice.