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Winner, Winner: The Chicken McNugget Story
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JD Health International
JD Health International (6618) investor relations material
JD Health International H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary13 Aug, 2026
Executive summary
H1 2026 revenue rose 15.9% YoY to RMB40.9bn, driven by growth in product and service revenue.
Non-IFRS operating income increased 40.3% to RMB3.5bn; non-IFRS operating margin reached 8.5%, improving for a ninth consecutive quarter.
Reported operating income rose 49.2% to RMB3.2bn and profit for the period increased 32.6% to RMB3.4bn.
Strategic priorities included user experience, AI-powered healthcare services and supply chain integration.
Financial highlights
Product revenue grew 15.6% to RMB33.9bn; service revenue rose 17.2% to RMB7.0bn.
Gross profit increased 20.2% to RMB10.7bn; gross margin improved to 26.1% from 25.2%.
Fulfillment expenses rose 15.0% to RMB4.1bn, while the ratio to revenue declined to 10.0%.
Selling and marketing expenses increased 3.7% to RMB1.9bn, with the ratio to revenue falling to 4.6%; R&D expenses rose 23.5% to RMB909.1m.
Basic EPS was RMB1.08, up from RMB0.82 YoY.
Outlook and guidance
H2 growth is expected to exceed the industry, with continued strengthening in online pharmacy retail.
H2 nutrition and supplements growth is expected to slow from H1, though management anticipates improvement; medical equipment has a positive long-term outlook.
The long-term operating margin target remains high single digits, supported by scale, supply chain improvements, AI services and operating efficiency.
Scaling healthcare services and balancing high-frequency, lower-margin products with lower-frequency, higher-margin business could support gross margin improvement.
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Latest events from JD Health International
- Record revenue and profit growth driven by AI healthcare, new drugs, and omnichannel expansion.6618
H2 2025 - Revenue and profit surged, driven by AI innovation and omnichannel healthcare expansion.6618H1 2025
- Net profit jumped 30.2% on 4.6% revenue growth, led by digital health and strong cash position.6618H1 2024
- Net profit nearly doubled in 2024 as digital and AI healthcare services expanded.6618H2 2024
Next JD Health International earnings date
H2 20264 Mar, 2027
JD Health International
Next JD Health International earnings date
H2 20264 Mar, 2027
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Frequently asked questions
JD Health International Inc is a healthcare services company specializing in online medical consultation, pharmaceutical retail, and health management solutions. The company operates a digital platform that connects users with healthcare professionals and provides access to prescription and over-the-counter drugs, medical devices, and wellness products. JD Health also offers chronic disease management, telemedicine, and health-related insurance services, catering to individual and institutional customers. The company is headquartered in Beijing, China, and its shares are listed on the SEHK.