京东集团-SW季报点评:关注效率优化进展及内生增速表现

华泰证券
Nov 14

京东3Q25营收同增14.9%至2,991亿元,优于VA一致预期/华泰预测的+13.0/+14.0%,非GAAP归母净利润58亿元,同比-56.0%,优于一致预期/华泰预测的-68/-68%,主因零售板块经营利润释放好于预期和非经常性损益表现好于预期。在外卖行业竞争趋于理性的大背景下,叠加京东外卖自身运营效率的优化,我们预计该业务亏损金额或有望在4Q25延续环比收窄的良好趋势。与此同时,京东零售亦...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10