核心观点2025Q4 京东实现营收3522.84 亿元人民币，同比增长1.53%，实现Non-GAAP 净利润10.84 亿元，同比下降90.4%，对应净利率0.31%，去年同期为3.25%。收入增长超彭博一致预期，净利润降幅好于彭博一致预期。主业方面，本季度日百品类景气延续，维持两位数增长，带电品类受国补高基数拖累，同比两位数负增长。新业务整体环比减亏，其中外卖业务减亏较为显著，被京喜和国际业务...
Source Link核心观点2025Q4 京东实现营收3522.84 亿元人民币，同比增长1.53%，实现Non-GAAP 净利润10.84 亿元，同比下降90.4%，对应净利率0.31%，去年同期为3.25%。收入增长超彭博一致预期，净利润降幅好于彭博一致预期。主业方面，本季度日百品类景气延续，维持两位数增长，带电品类受国补高基数拖累，同比两位数负增长。新业务整体环比减亏，其中外卖业务减亏较为显著，被京喜和国际业务...
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