International Rating Standard & Poor's Announced Jingdong's Long-Term Credit Rating

On August 21st, the international Rating firm's S & P announced that it would enhance Jingdong's long-term credit rating. S & P believes that the steady growth strategy of Jingdong, the enhancement of bargaining power with suppliers, and the effective utilization of logistics infrastructure will drive Jingdong to expand its business scale and promote the steady improvement of profitability.

In view of Jingdong's strong operating cash flow and strategically strategic investment, S & P expects Jingdong debt leverage to remain low in the next 12-24 months.

Despite fierce market competition, Jingdong's steady development prospects are in line with the S & P's expectations. S & P said that in the next 12-24 months, Jingdong will maintain good business growth and steadily enhance its profitability.

Jingdong's latest performance report echoes the S & P's view. In August 13th, the Jingdong released its performance report. In the second quarter of 2019, Jingdong's net income reached 150 billion 300 million yuan, a new high in single quarter income and exceeded the expectation of Wall Street. Among them, net service income amounted to 16 billion 800 million yuan, an increase of 42% over the same period last year, and the proportion of net income increased further to 11.2%.

In addition, according to media reports, based on strong performance, Goldman Sachs, Citibank, JP Morgan and other world-renowned investment banks have given Jingdong buy rating and substantially raise target prices. Among them, Goldman Sachs believes that Jingdong's profit performance has gone far beyond market expectations, and ultimately raised the target price of Jingdong to $45.