毛利下滑、信用升级:市场为何仍给中通快递耐心?

港股研究社
Feb 05

在“反内卷”的行业共识中,中通快递再次站在了一个颇具张力的位置:一边是收入与件量继续增长,另一边则是毛利下行的现实压力。2月初,中通快递-W(02057.HK)披露2025年全年业绩预告:全年收入预计在485亿元至500亿元人民币之间,同比增长9.5%至12.9%,整体符合机构预期;但与此同时,毛利预计为121.5亿元至125.5亿元,同比下降8.5%至11.4%。业绩公布后,中通快递股价一度上涨...

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