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JD-SW Shares Stretch Upswing to 7%; Company Confident JD Retail Growth to Rebound in 2H
2026-05-13 09:36:00
JD-SW (09618.HK) CEO Sandy Xu said at the earnings conference call that JD's 1Q revenue from electronics and home appliances shed 8.4% YoY to RMB132.17 billion, dampened by the high base effect of national subsidy policies, compounded with large-scale price hikes for mobile phones and computers in March, which suppressed consumer demand.

It is expected that electronics products will face phased pressure in 2Q. However, as the sales mix of electronics accelerates toward mid- to high-end products and leading brands, this will benefit JD in leveraging its self-operated supply chain advantages. The company is confident that JD Retail's growth will rebound in 2H.
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