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Author

何國穎先生 (Paul Ho)
助理經理

現任職輝立助理經理,除了鑽研圖表和數據分析外,也著重股票基本分析面。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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京東物流股份有限公司 (2618)

Friday, July 29, 2022 Views6654

京東物流 主要在中國提供供應鏈解決方案及物流服務。

業績:

截至2022年3月止三個月,集團營業額上升22%至273﹒51億元(人民幣;下同),股東應佔虧損 收窄87﹒5%至13﹒86億元。期內整體毛利增長5﹒3倍至14﹒61億元,毛利率上升4﹒3個百分 點至5﹒3%。

2021年度,集團營業額上升42﹒7%至1046﹒93億元(人民幣;下同),股東應佔虧損擴大2﹒8倍至158﹒42億元。年內,集團業務概況如下:
(一)整體毛利減少8﹒1%至57﹒84億元,毛利率下跌3﹒1個百分點至5﹒5%。年內,可轉換可贖回優先股公允價值變動虧損擴大1﹒6倍至128﹒44億元,而預期信用損失模型下的減值損失(經扣除轉回金額)收窄29﹒5%至1﹒56億元;
(二)按客戶類型劃分,來自一體化供應鏈客戶及其他客戶營業額分別增加27﹒8%及89﹒5%,至710﹒54億元及336﹒39億元,分佔總營業額67﹒9%及32﹒1%;
(三)於2021年12月31日,集團倉儲網絡包括由集團營運的1300多個倉庫及由雲倉生態平台下的第三方倉庫業主及經營者運營的1700多個雲倉,總管理面積為2400萬平方米(包括雲倉),另擁有80個保稅倉庫及海外倉庫,總管理面積為70萬平方米;
(四)於2021年12月31日,集團之現金及現金等價物為179﹒23億元,租賃負債151﹒73億元。


京東物流是京東集團(09618)分拆於香港聯交所上市,主要於中國提供供應鏈解決方案及物流服務。京東物流憑藉京東集團的強大網絡,長遠前景樂觀,但由於近期市況交投冷淡,投資者可先用小注候低吸納。

買入價 15元
目標價 17.5元
止蝕價 13.9元

資料來源: ETNET

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