国海海外·陈梦竹 | 京东集团-SW(9618.HK)2025Q1财报点评:业绩整体好于预期,关注外卖长期投入产出效果

陈梦竹海外研究...
May 17, 2025

事件:2025年5月13日公司发布2025Q1业绩,2025Q1实现营收3,011亿元(YoY+16%,QoQ-13%);毛利润478亿元(YoY+20%,QoQ-10%),营业利润105亿元(YoY+37%,QoQ+24%),净利润113亿元(YoY+53%,QoQ+4%),归母净利润109亿元(YoY+53%,QoQ+11%),Non-GAAP归母净利润128亿元(YoY+43%,QoQ+...

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