《大行》华泰证券下调京东物流(02618.HK)盈测 料短期成本增长超越收入增长

阿斯达克财经
May 14, 2025

华泰证券发表京东物流(02618.HK) 报告,基于公司短期资源投入导致成本上升,下调对公司今年利润率假设,并相应下调对公司今年纯利及非国际财务报告准则盈利预测各3%。对京东物流目标价由17.8元下调至16.7元,目标预测市盈率14.8倍,维持“买入”评级。该行表示,京东物流加大物流基建及人员投入,短期导致成本增幅高于收入增幅,首季毛利率及非国际财务报告准则利润率为7.2%及1.6%,分别按年跌...

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