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[Introduction] Huawei HiSilicon concept stocks set off a surge in daily price! JD.com soared after the results, and JD.com Group rose nearly 9%

China Fund News reporter Wang Jianqiang

On August 16, the market fluctuated narrowly in early trading.

As of midday closing, the three major indexes rose and fell. The Shanghai Composite Index rose 0.09%, the Shenzhen Component Index fell 0.14%, and the ChiNext Index fell 0.04%. The Shanghai and Shenzhen stock markets had a half-day turnover of 370.6 billion yuan, a decrease of 25.9 billion yuan from the previous trading day.

On the A-share market, Huawei HiSilicon and monkeypox concept stocks strengthened, consumer electronics concept stocks such as AI glasses were active, bank stocks strengthened during the session, and the breeding industry and film and television theater sectors weakened.

The performance of Hong Kong stocks was remarkable, with the Hang Seng Index rising 1.68% in midday trading and the Hang Seng Tech Index rising 2.14%.

On the Hong Kong stock market, retail, pharmaceuticals, and automobiles performed strongly; energy and transportation continued to be active. With good performance, JD.com climbed across the board.

JD.com surges across the board

JD.com surged nearly 9%

The mid-year report market continued to develop, and in the Hong Kong stock market, JD.com stocks collectively soared.

On the morning of August 16, JD.com-SW continued to rise, and its share price rose by 8.91% to HK$108.2 at noon, hitting a new high in nearly a month. The total market value reached HK$344.4 billion.

On the news front, JD.com disclosed its second quarter and interim results for 2024 last night. In the second quarter, JD.com achieved revenue of 291.4 billion yuan, a year-on-year increase of 1.2%; net profit attributable to the parent company reached 14.5 billion yuan, a year-on-year increase of 69%, and the net profit margin reached 5.0% for the first time, both of which significantly exceeded market expectations. In the first half of this year, JD.com's revenue was 551.4 billion yuan, continuing to grow.

JD Logistics surged more than 19% in the morning, also benefiting from its interim results.

In the first half of the year, JD Logistics' total revenue reached 86.3 billion yuan, a year-on-year increase of 11%. Among them, the revenue from external customers was 59.9 billion yuan, a year-on-year increase of 11.2%, accounting for about 70% of the total revenue. In terms of net profit, in the first half of the year, JD Logistics' adjusted net profit was 3.12 billion yuan, a year-on-year increase of 2631.2%.

JD Logistics has been profitable for five consecutive quarters. As of the end of June this year, JD Logistics had more than 430,000 front-line operation staff, a year-on-year increase of 4.6%; front-line employee salary and welfare expenditure was 29.9 billion yuan, a year-on-year increase of 14.9%.

In addition, JD Health surged 7.7% in midday trading. Its interim results showed that its net profit margin in the first half of the year was 9.3%, a record high for its first-half performance since its listing.

Huawei HiSilicon concept stocks set off a surge in daily price

In the A-share market, Huawei HiSilicon concept stocks led the gains, with the related index rising 4.79% in the morning.

In terms of individual stocks,Liyuan Information, Century Dingli, Shenzhen Huaqiang, HaoshanghaoMany stocks such as Huilun Crystal, Zhilifang, Ubox, China Electronics Port, Digital Video, and Shengjian Technology rose by more than 5%.

On the news front, Huawei Connect 2024 officially announced that it will be held in Shanghai from September 19th to 21st, with the theme of "Win-Win Industry Intelligence".

The conference will host more than 300 keynote speeches, summits, and forums, and has an exhibition area of ​​more than 20,000 square meters, located in the Shanghai World Expo Exhibition and Convention Center and the Shanghai World Expo Center.

Real estate sector moves up

At around 11 a.m., the A-share real estate sector moved up. As of midday close, Shenzhen Huaqiang and *ST Jinke hit their daily limit, while Tianjin Investment Urban Development, Phoenix Holdings, and Huitong Energy were among the top gainers.

Founder Securities pointed out that the production and price of real estate have been fully adjusted, sales have fallen below the medium- and long-term center, and prices have gradually returned to reasonable valuations. At the same time, the bottom characteristics of the real estate market have emerged. The decline in new home sales has continued to narrow, and second-hand housing transactions have been active.The policy side of "stockpiling" is accelerating, and the industry is expected to spread from local stabilization to the whole worldEditor: Xiaomo

Review: Xu Wen

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