Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
JD-SW Craters ~4% as CEO Sandy Xu Says National Subsidy Demand Slows in ST, but Can Promote Industrial Upgrade
Recommend 7 Positive 14 Negative 19 |
||||
|
||||
|
JD-SW (09618.HK)'s 3Q25 non-GAAP net income dropped by 56% YoY to RMB5.8 billion, beating the forecasts of RMB3.35-5 billion from 16 brokers as summarized by our reporters. However, the Company's share price declined with the market, and opened 2.97% lower at a low of $119.6 this morning (14th). It last printed at $119.7, down 3.78%, with 2.2288 million shares traded, involving $268 million. JD-SW's CEO, Sandy Xu, responded to the issue of slowing national subsidy demand by saying that, since last year, national subsidy policies significantly stimulated consumer demand, particularly for home appliances and computers, according to Chinese media. This also inevitably led to a high base situation in industry growth in the short term. However, more importantly, national subsidies can drive the upgrade of the whole home appliance industry, promoting product innovation, intellectualization and greening, so as to inject momentum for high quality growth in the industry. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
