2025年1季度业绩：收入866亿元(人民币，下同)，同比增18%，与我们/彭博市场预期基本一致，其中核心商业/新业务增18%/19%。调整后净利润同比增46%至109亿元，对应净利率13%，较去年同期提升2.4个百分点。核心商业调整后运营利润率21%，好于我们预期的19%，同比提升3.2个百分点；新业务运营亏损23亿元，亏损率10%，与我们预期基本一致，同比持续收窄，环比小幅扩大，因海外业务投入...
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