--- title: "阿里巴巴的季度盈利仍面临压力" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/286243675.md" description: "阿里巴巴集团在财政第四季度的盈利能力面临挑战，调整后的净利润为 8600 万元（1270 万美元），较去年同期的 298.5 亿元大幅下降。由于股权投资变动，该公司的净利润上升至 254.8 亿元（37.5 亿美元）。收入增长 3%，达到 2433.8 亿元，低于预期。该公司在食品配送市场继续与美团和京东展开激烈竞争，其香港股票今年下跌 7%，反映出更广泛的科技股波动" datetime: "2026-05-13T10:40:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286243675.md) - [en](https://longbridge.com/en/news/286243675.md) - [zh-HK](https://longbridge.com/zh-HK/news/286243675.md) --- # 阿里巴巴的季度盈利仍面临压力 By Tracy Qu Alibaba Group's profitability remained under pressure in the fiscal fourth quarter as the Chinese tech giant continues to invest heavily in artificial intelligence and fend off intense competition in the food-delivery space. The Hangzhou-based company eked out adjusted net profit of 86 million yuan, equivalent to $12.7 million, in the three months ended March, down sharply from 29.85 billion yuan a year earlier. The metric, which excludes share-based compensation, investment gains and losses and other items, is closely watched by analysts, as it reflects core business operation profitability. Alibaba's net profit doubled to 25.48 billion yuan, equivalent to $3.75 billion, which it attributed to mark-to-market changes on equity investments and a low base last year, when it booked losses on the disposals of hypermarket operator Sun Art and department-store operator Intime. Analysts had expected net profit of 11.16 billion yuan for the quarter, according to a FactSet-compiled estimate. Revenue came in at 243.38 billion yuan, representing a 3% increase from last year, worse than an estimate of 246.475 billion yuan. Alibaba's profit has been hit hard in recent quarters as it battles Meituan and JD.com for supremacy in China's fiercely competitive food-delivery industry. The company's Hong Kong-listed shares have declined 7% this year, roughly in line with the Hang Seng Tech Index's performance amid volatility in technology stocks. Write to Tracy Qu at tracy.qu@wsj.com (END) Dow Jones Newswires May 13, 2026 06:31 ET (10:31 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### 相关股票 - [KBAB.US](https://longbridge.com/zh-CN/quote/KBAB.US.md) - [BABX.US](https://longbridge.com/zh-CN/quote/BABX.US.md) - [EBIZ.US](https://longbridge.com/zh-CN/quote/EBIZ.US.md) - [09988.HK](https://longbridge.com/zh-CN/quote/09988.HK.md) - [BABA.US](https://longbridge.com/zh-CN/quote/BABA.US.md) - [03690.HK](https://longbridge.com/zh-CN/quote/03690.HK.md) - [MPNGY.US](https://longbridge.com/zh-CN/quote/MPNGY.US.md) - [09618.HK](https://longbridge.com/zh-CN/quote/09618.HK.md) - [JD.US](https://longbridge.com/zh-CN/quote/JD.US.md) - [06808.HK](https://longbridge.com/zh-CN/quote/06808.HK.md) - [01833.HK](https://longbridge.com/zh-CN/quote/01833.HK.md) - [STECH.HK](https://longbridge.com/zh-CN/quote/STECH.HK.md) - [89988.HK](https://longbridge.com/zh-CN/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/zh-CN/quote/HBBD.SG.md) - [83690.HK](https://longbridge.com/zh-CN/quote/83690.HK.md) - [HMTD.SG](https://longbridge.com/zh-CN/quote/HMTD.SG.md) - [89618.HK](https://longbridge.com/zh-CN/quote/89618.HK.md) ## 相关资讯与研究 - [京东外卖转向 “轻资产” 运营](https://longbridge.com/zh-CN/news/286710542.md) - [国联民生：维持京东集团-SW“推荐” 评级 新业务生态协同逐步兑现](https://longbridge.com/zh-CN/news/287140018.md) - [只属于科技的牛市](https://longbridge.com/zh-CN/news/286830850.md) - [科技股狂欢，为何资金却在悄悄买债基？](https://longbridge.com/zh-CN/news/287149960.md) - [罕见，全部都是科技股！资金加仓方向曝光](https://longbridge.com/zh-CN/news/286671033.md)