预测 4Q24 non-GAAP净利润率1.9%我们预计叮咚买菜4Q24 GMV同增18%,收入同增18%,预测non-GAAP净利润1.1 亿元,对应利润率1.9%。关注要点4Q24GMV稳健增长,25 年GMV或承压,开仓节奏放缓。我们预计4Q24GMV同增18%至65 亿元,其中10 月、11 月表现良好,12 月部分受暖冬影响同比增速有所下滑;我们观察到25 年1-2 月公司GMV表现有...
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