拼多多:拼多多海外信息科技评级:增持

国泰君安
04 Dec 2024

本报告导读:营收和利润低于预期,佣金收入放缓,长期投入高质量发展。投资要点:盈利预测与投 资建议:我们调整拼多多FY2024E/2025E/2026E营业收入为4003/4904/5885 亿元(人民币,下同,前值为4476/5707/6647亿元),FY2024E/2025E/2026E 经调整净利润为1223/1426/1735 亿元(前值为1296/1475/1662 亿元),根据SOTP ...

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