预测 2Q25 non-GAAP净利润率2.0%我们预计叮咚买菜2Q25 GMV同增4.4%,收入同增6.6%,预测non-GAAP净利润1.2 亿元,对应利润率2.0%。关注要点2Q25 GMV同比增速放缓,客单价承压。我们预计2Q25 GMV同增4.4%至65 亿元,其中我们认为用户数和购物频次表现相对健康,主要得益于渠道拓展和商品调改后用户粘性提升,会员和非会员用户的购物频次均表现较优,而客...
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