顺丰同城2025年半年报点评:业绩超预期,看好即时配送业务加速增长

东吴证券
Sep 02, 2025

投资要点2025年上半年,公司收入实现102.36亿元,同比增长48.8%;净利润为1.37亿元,同比增长120.4%,净利率同比提升0.4pct至1.3%;经调整净利润为1.60亿元,同比增长139.0%,经调整净利率同比提升0.6pct至1.6%。受益于外卖行业加速增长以及优质配送能力,公司2025H1同城配业务增长提速。公司2025H1同城配送服务收入实现57.79亿元,同比大幅增长...

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