> 数据图表你知道分业务盈利预测2025-7-4分业务盈利预测u 假设1：公司预计2025年收入夯实基础，2026-2027年延续稳步增长趋势。u 假设2：公司从事相对高周转生意，毛利率在22-23%相对合理。图：分业务收入预测（百万元）分业务外卖业务收入服务运营收入总营收毛利率yoyyoyyoyyoy202020212022202320242025E2026E2027E2924.953882.847067.055940.526312.257006.6017.09%6.26%11.00%46.8077.6065.81%114.6847.78%153.597.16%157.562.58%176.4712.00%7833.3811.80%202.9415.00%8836.0512.80%243.5220.00%2971.753960.447181.736099.586469.817183.068036.319079.5711.11%33.27%8.98%-2.13%81.34%17.41%8.43%-15.07%22.17%4.76%6.17%21.90%-0.27%11.02%22.70%0.80%11.88%23.00%0.30%12.98%23.30%0.30%成本2641.593604.795931.394743.055052.925552.516187.966964.03资料来源：Wind，国海证券研究所请务必阅读报告附注中的风险提示和免责声明 28国海证券综合其他
