高盛点评京东业绩：整体令人鼓舞，差异化优势被市场低估_老虎社区_美港股上老虎

高盛点评京东业绩：整体令人鼓舞，差异化优势被市场低估

华尔街见闻03-06 21:19

京东集团2025年第四季度及全年业绩亮点颇多，零售业务利润创历史新高，物流板块增长提速，叠加积极的股东回报政策，提振投资者信心。高盛3月6日发布研报指出，尽管受政府以旧换新补贴高基数影响，京东零售四季度收入同比小幅下滑，但广告收入强劲增长、食品外卖亏损持续收窄，叠加管理层对2026年给出的审慎乐观指引，均超出市场预期。报告表示，京东是中国互联网领域被低估的差异化企业，其兼具大规模零售商体量、独特的...

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