财富趋势：B端业务收入下降、C端用户数较快增长

中金公司2025-04-30

1Q25 业绩低于我们预期财富趋势1Q25 营收同比-22.7%至5,490 万元，归母净利润同比-7.4%至4,649 万元，扣非后归母净利润同比-37.0%至2,642 万元，每股收益0.25元，低于我们预期，主因B 端软件销售和维护收入低于预期。发展趋势B 端业务收入有所下降、C 端用户数增长明显。 1Q25 A 股市场日均ADT同比+70%/环比-18%至1.5 万亿元，尽管指数表现有些...

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