Overnight, the three major US indices closed higher and Chinese concept stocks exploded. Among them, JD.com rose by over 16%, Huaying Securities surged by 135%, and Zhilin Group surged by 468.26%... On March 7th, JD Hong Kong's stock opened up by over 8%, and as of press release, the stock rose by over 6%.
On March 6th, JD.com released an announcement on its fourth quarter and full year performance, annual dividend and share repurchase plans, with numerous positive factors driving up its stock price.
According to the financial report, JD's revenue in the fourth quarter reached 306.1 billion yuan (approximately 43.1 billion US dollars), a year-on-year increase of 3.6%; The net profit attributable to the shareholders of the parent company was RMB 3.4 billion, compared to RMB 3 billion in the same period last year. The annual revenue was RMB 1084.7 billion (approximately USD 152.8 billion), a year-on-year increase of 3.7%; The net profit attributable to the shareholders of the parent company was RMB 24.2 billion, a year-on-year increase of 132.69%.
JD.com also announced that the company's board of directors has approved annual cash dividends, with a total dividend amount of approximately $1.2 billion, exceeding the $1 billion in 2023. JD's board of directors has also approved a new share repurchase plan, which, upon the expiration and effectiveness of the existing share repurchase plan, can repurchase shares worth no more than $3 billion within the next 36 months up to March 2027.
On March 6th, Eastern Time, the US stock market of JD.com opened high and rose as high as 19.73%. As of the close, JD.com rose 16.18% to $24.91, with a market value of $39.6 billion and an overnight surge of $5.4 billion (approximately RMB 38.9 billion).
Affected by the soaring price of JD.com, popular Chinese concept stocks generally rose, with the Nasdaq China Golden Dragon Index rising 1.96%.
Zhilin Group surged 468.26%, Huaying Holdings surged 135.00%, Yangang Pearl rose 47.31%, Dada Group rose 29.95%, and JD.com rose 16.18%, leading the rise of Chinese concept stocks.
In addition, Alibaba rose 2.28%, Baidu rose 1.15%, Dingdong Maicai rose 10.8%, iQiyi rose 8.26%, Daquan New Energy rose 8.16%, Wanguo Data rose 6.93%, Jinshan Cloud rose 6.43%, Bilibili rose 6.4%, and BOSS Direct Hiring rose 5.87%.
The new forces in car manufacturing collectively rose, with NIO Motors up 5.16%, Xiaopeng Motors up 4.86%, and Ideal Motors up 0.29%.