JD Logistics, Inc. (2618.HK) stock analysis

In our weekly check, JD Logistics, Inc. is graded B (A to F). Of 23 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 4.

About JD Logistics, Inc.

JD Logistics, Inc. is an Industrials company (Integrated Freight & Logistics) based in China, listed on HKSE as 2618.HK.

What our checks show for 2618.HK

Red flags

• Profits not backed by cash
• The net margin is only 3%: little room if costs rise.
• The stock has fallen as much as 86% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Free cash flow is only 0% of revenue.
• The price swings a lot: 38.5% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 7.8%.

Strengths

• Net debt is only 0.7x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 29.7 times over.
• The net margin rose by 18.2 points over 5 years, to 3%.
• The gross margin is 9% and has risen by 3.5 points: pricing power is holding.
• Analysts expect earnings per share to grow about 17.4% a year over the next years.
• Revenue grew 21% a year over the last 3 years.

Next earnings report: 2026-11-12

Similar companies

DHL.DE · FDX · UPS · 1519.HK · PST.MI · KNIN.SW

Questions

What grade does JD Logistics, Inc. (2618.HK) have?

In our weekly check, JD Logistics, Inc. is graded B (A to F). Of 23 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2618.HK stock?

This week's biggest flags for JD Logistics, Inc.: Profits not backed by cash, Thin margins, Deep past fall. In total 8 of 23 checks show a warning or a red flag.

What does JD Logistics, Inc. do?

JD Logistics, Inc. is an Industrials company (Integrated Freight & Logistics) based in China, listed on HKSE as 2618.HK.

When does JD Logistics, Inc. report earnings next?

The next earnings report is expected on 2026-11-12. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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