京东:就算没了国补,还是要 “四处出击”

海豚研究
Nov 15, 2025

国内三大电商巨头--$京东(JD.US) 于 11 月 13 日首先交付了 3 季度财报。概括来看,本季表现同样 “割裂”,好坏消息都有。整体上收入仍算稳健,但亏损比预期更严重。分板块看则是核心商城板块表现出色、收入利润双优,而新业务和京东物流的利润都比预期更差。详细要点如下:1、收入还行,利润不行:整体大数上,本季京东总营收同比增长 15%,略高于市场预期的 13%。通电销售增速虽然确实大幅恶化...

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