瑞银：预期规模和效率的提升将继续支持京东物流盈利能力

观点网2025-03-11

观点网讯：3月11日，瑞银发布报告，上调京东物流目标价至17.4港元，预计2025年non-IFRS净利润率将轻微下降。瑞银指出，京东物流2024年盈利超预期，non-IFRS利润率高于市场预期。但管理层表示将不再强调利润率扩张，而是将营收增长放在首位，引发市场关注，拖累股价在业绩后下跌15%。瑞银认为，规模和效率的提升将继续支持京东物流盈利能力。其模型显示，京东物流non-IFRS利润率只会轻微...

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