京东(纪要):通电增长前高后低,通用品全年强劲

海豚投研
Mar 06, 2025

以下是$京东(JD.US)4Q24 电话会纪要,财报点评请见《国补撑场,京东总算 “出坑” 了》一、财报核心信息回顾1、各业务板块表现:JD Retail Q4 营收同比增长 15%,全年增长 7%,连续 11 个季度毛利率同比扩张,Q4 和全年 GAAP 运营利润率分别达到 3.3% 和 4%。JD Logistics Q4 和全年营收均同比增长 10%,内部和外部营收 Q4 均实现两位数同比...

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