异动解读05-16
5月16日周五，阿里巴巴-W（09988.HK）股价盘中大跌6.13%，报120.9港元。该公司昨日发布的2025财年第四季度财报显示，营收同比增长7%至2364.54亿元人民币，低于市场预期。
财报数据显示，阿里巴巴第四季度调整后净利润为298.47亿元，同比增长22%。淘天集团（包括淘宝和天猫）收入同比增长9%至1013.69亿元。值得注意的是，阿里云收入同比增长18%至301.27亿元，其中AI相关产品收入连续七个季度实现三位数增长。
在随后的财报电话会议上，阿里巴巴CEO吴泳铭表示："在AI需求的强劲推动下，云智能集团季度收入增长加速至18%。展望未来，我们将坚定聚焦核心业务，推动AI+云成为我们长期发展的新增长引擎。"
阿里巴巴还宣布了积极的股东回报计划。公司2025财年以119亿美元回购了11.97亿股普通股，并将派发2025财年年度股息和特别股息总计46亿美元。
尽管云业务增长强劲，但投资者似乎对整体业绩增速放缓表示担忧。管理层表示，未来将继续加大对AI和云计算基础设施的投资，以把握持续增长的市场需求。
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