京东工业港股IPO获批:营收复合增20.1%,毛利率承压、50%应收占比待解,携5710万SKU在10%线上渗透率赛道博弈

财鲸眼
Oct 04

历经两年多筹备,这家从京东体系内拆分培育的 B 端业务平台,终于拿到中国证监会境外上市备案 “通行证”—— 若后续港股挂牌顺利,它将成为京东版图里第六家上市公司。只是,当市场聚焦其 20.1% 的营收复合增速时,16%-18% 的毛利率瓶颈与超 50% 的应收账款占比,也暴露了工业供应链赛道 “高增长易、高盈利难” 的现实挑战。上市进程:两年半磨一剑,2.53 亿股拟发行背后的两次递表突破9 月 ...

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