事件：24Q4 实现营业收入77 亿元（略超彭博一致预期1%），同比增长22%；调整后归母净利润4.5 亿元（超彭博一致预期15%），对应利润率6%。经营活动现金流净额为14 亿元。24 年全年实现营业收入268 亿元，同比增长19%；调整后归母净亏损为2210 万元（23年为亏损34 亿元）；经营活动现金流净额为60 亿元（23 年为2.7 亿元）。投资要点：高粘性用户持续增长。根据公司财报，...
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