Financial Association on August 21, Jingdong group’s share price has reached a new high, rising nearly 20% in the past four trading days. The stock price opened higher on Friday, with the highest intraday hit of HK $290, with a market value of over HK $900 billion. According to the financial report released earlier, Jingdong’s net revenue in the second quarter was 2011 billion yuan, up 33.8% over the same period last year. The net profit attributable to common shareholders was 16.4 billion yuan, 29 times higher than that of 546 million yuan in the same period last year. According to Nomura’s report, jd.com’s revenue and profit in the second quarter of this year exceeded expectations, with total revenue up 34% year-on-year, better than the market and the bank’s expectations of 5%, which was mainly supported by the steady growth of retail and logistics business. In addition, due to the improvement of revenue and non operating income, the group’s non GAAP EPS increased by 52% year-on-year, 29% higher than the market forecast. At the same time, Nomura raised the target price of JD from HK $287 to HK $320, maintaining its “buy” rating, and raising the group’s revenue forecast for this year and next year by 3% and 6% respectively to reflect the revenue increase of major business sectors. According to Guoxin overseas, the signal of the company entering into the profit harvest period has been strengthened. Based on the optimistic view of the company’s long-term development, the company has raised its profit forecast for 2020-2022, with an estimated operating revenue of 7249 / 8943 / 1089.8 billion yuan in 2020-2022, and raised the target price to HK $318-329, and continued to maintain the “buy” rating.