顺丰同城(9699.HK):新质生产力赋能非餐及下沉场景提质增效 利润率再达新高

中信建投证券
08 Apr

核心观点顺丰同城2024 年度业绩:依靠非餐场景及下沉县域市场场景,拉动全年总收入实现27.1%的较高增速,其中面向商家的同城配送服务加速实现品牌口碑及渗透提升;公司最核心的骑手成本持续优化,受益于规模化订单、多类型业务平衡和技术赋能,全年毛利增长34.8%,毛利率继续改善继续提升,达到历史最高水平。全年归母净利率达0.8%,再次创下历史盈利新高。事件顺丰同城发布2024 年业绩公告2024 ...

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