从刚发布的双方财务结果看,携程并没有“跌倒”。相反,根据携程集团在2025年的财报数据,2025年实现净营收624.09亿元、净利润333.86亿元、经调整EBITDA 188.88亿元,毛利率约80.6%,账上现金及“现金等价物+受限现金+短期投资+持有至到期存款及理财”等合计1058亿元。这是一份典型“高毛利、强现金、轻资产”的平台答卷。但从规则边界看,携程确实栽了跟头。国家市场监督管理总局于...
Source Link从刚发布的双方财务结果看,携程并没有“跌倒”。相反,根据携程集团在2025年的财报数据,2025年实现净营收624.09亿元、净利润333.86亿元、经调整EBITDA 188.88亿元,毛利率约80.6%,账上现金及“现金等价物+受限现金+短期投资+持有至到期存款及理财”等合计1058亿元。这是一份典型“高毛利、强现金、轻资产”的平台答卷。但从规则边界看,携程确实栽了跟头。国家市场监督管理总局于...
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