1Q25 收入和利润符合我们预期公司公布1Q25 业绩：收入同比增长9.1%至55 亿元，non-GAAP净利润0.3 亿元，对应净利润率0.6%，收入和利润均符合我们预期。发展趋势转型阵痛期，短期GMV和利润表现承压。1Q25 GMV同增7.9%至60 亿元，其中上海GMV同增5.0%，江苏和浙江GMV分别同增17.8%和13.9%，GMV承压主要系客单价承压和SKU调整拖累。1Q25 叮咚新开...
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