评级机构标准普尔表示，京东(09618.HK) 的业务正逐步增强。其快速成长的百货类别与物流业务，使公司更具韧性。拟议收购德国Ceconomy AG亦将有助于投资组合。然而，外卖等新业务的亏损依然庞大，将限制盈利增长。标普预测，随着京东致力透过提升营运效率来减少外卖业务亏损，其EBITDA利润率将于2026年回升至2.8%。京东的EBITDA利润率已由2024年的5.3%，下降至2025年的...
Source Link评级机构标准普尔表示，京东(09618.HK) 的业务正逐步增强。其快速成长的百货类别与物流业务，使公司更具韧性。拟议收购德国Ceconomy AG亦将有助于投资组合。然而，外卖等新业务的亏损依然庞大，将限制盈利增长。标普预测，随着京东致力透过提升营运效率来减少外卖业务亏损，其EBITDA利润率将于2026年回升至2.8%。京东的EBITDA利润率已由2024年的5.3%，下降至2025年的...
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