--- title: "阿里巴巴的季度盈利仍面臨壓力" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/286243675.md" description: "阿里巴巴集團在財政第四季度的盈利能力面臨挑戰，調整後的淨利潤為 8600 萬元（1270 萬美元），較去年同期的 298.5 億元大幅下降。由於股權投資變動，該公司的淨利潤上升至 254.8 億元（37.5 億美元）。收入增長 3%，達到 2433.8 億元，低於預期。該公司在食品配送市場繼續與美團和京東展開激烈競爭，其香港股票今年下跌 7%，反映出更廣泛的科技股波動" 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臨壓力 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. ### 相關股票 - [KBAB.US](https://longbridge.com/zh-HK/quote/KBAB.US.md) - [BABX.US](https://longbridge.com/zh-HK/quote/BABX.US.md) - [EBIZ.US](https://longbridge.com/zh-HK/quote/EBIZ.US.md) - [09988.HK](https://longbridge.com/zh-HK/quote/09988.HK.md) - [BABA.US](https://longbridge.com/zh-HK/quote/BABA.US.md) - [03690.HK](https://longbridge.com/zh-HK/quote/03690.HK.md) - [MPNGY.US](https://longbridge.com/zh-HK/quote/MPNGY.US.md) - [09618.HK](https://longbridge.com/zh-HK/quote/09618.HK.md) - [JD.US](https://longbridge.com/zh-HK/quote/JD.US.md) - [06808.HK](https://longbridge.com/zh-HK/quote/06808.HK.md) - [01833.HK](https://longbridge.com/zh-HK/quote/01833.HK.md) - [STECH.HK](https://longbridge.com/zh-HK/quote/STECH.HK.md) - [89988.HK](https://longbridge.com/zh-HK/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/zh-HK/quote/HBBD.SG.md) - [83690.HK](https://longbridge.com/zh-HK/quote/83690.HK.md) - [HMTD.SG](https://longbridge.com/zh-HK/quote/HMTD.SG.md) - [89618.HK](https://longbridge.com/zh-HK/quote/89618.HK.md) ## 相關資訊與研究 - [京東 618 將於 5 月 30 日啟幕 高效物流覆蓋英法德多國](https://longbridge.com/zh-HK/news/286776943.md) - [全球市場面臨供應鏈挑戰與通膨壓力，美股波動影響油價與科技股發展](https://longbridge.com/zh-HK/news/286783478.md) - [全球經濟挑戰加劇：航運回暖、美債殖利率飆升與科技股壓力增大](https://longbridge.com/zh-HK/news/286988905.md) - [台股面臨挑戰與機遇，科技股獲信心，企業創新轉型加速](https://longbridge.com/zh-HK/news/286704517.md) - [必勝客力推 AI 配送系統，遭加盟商提告索賠逾 1 億美元](https://longbridge.com/zh-HK/news/286748290.md)