金吾财讯 | 快扣(FAST)第一季度整体业绩基本贴合市场预期，受益于制造业扩张及市场份额持续提升，公司净销售额同比增长 12.4%，至 22 亿美元。
合约客户销售额增速显著高于非合约业务，分别录得 14.6% 与 6.7% 的增幅，凸显公司深耕大客户签约布局的战略成效；其中重型制造领域表现领跑，营收增速达 14.1%。依托数字化技术赋能的客户站点持续拉动整体经营表现，月消费规模超 5 万美元的高价值站点数量增至 2909 处。
尽管毛利率有所承压，但公司营业利润率环比扩张 20 个基点，升至 20.3%。核心驱动因素为费用管控优化，销售、一般及行政费用占营收比重改善 70 个基点，降至 24.3%。
分析认为，当前制造业景气度向好，资本市场原本对公司业绩抱有更高期待。结合估值来看，公司远期市盈率接近 40 倍，高估值环境下，季度业绩若无法实现超预期增长，股价上行空间将相对有限。
在业绩达标市场一致预期的背景下，该股早盘股价走弱近2%。
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