3月5日，惊蛰。万物复苏的日子，京东交出了2025年的成绩单。这份财报很有意思：营收首次站上1.3万亿元，同比增长13%，创下近四年最快增速；与此同时，净利润却近乎腰斩，四季度甚至亏损了27个亿。●图源：京东按常理说，这种“增收不增利”的财报一出，股价多半要跪。可结果呢？3月6日，京东港股暴涨近10%，市值直接飙回3400亿港元。市场疯了吗？还是我们看漏了什么？这答案其实藏在刘强东去年说过的一句话...
Source Link3月5日，惊蛰。万物复苏的日子，京东交出了2025年的成绩单。这份财报很有意思：营收首次站上1.3万亿元，同比增长13%，创下近四年最快增速；与此同时，净利润却近乎腰斩，四季度甚至亏损了27个亿。●图源：京东按常理说，这种“增收不增利”的财报一出，股价多半要跪。可结果呢？3月6日，京东港股暴涨近10%，市值直接飙回3400亿港元。市场疯了吗？还是我们看漏了什么？这答案其实藏在刘强东去年说过的一句话...
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