?????????????IPO,?????????????

????:?????????:??????

??????7???????13?????????????????????(???????????????????????)??355??,???????????IPO?

????“??????????????”?,????????????,??????,???????“??????????”“??”??,????????????????

?

????????,?2015?????????,?,???????????,??:?????????????????????

??,??????11???????,?????????????????????????????????????;??2028????????????,??20???????????????????????

???????????????,???(2021?????????????????????????????2023??),??????????????????????4.7???????????????????6.97???????????8.95??2023???,???????,??4459??????,????679.3???????????????1466????????????,??,????16.9%?17.6%??21.6%?

  ?

??????????,???,??????4.50?????????5.96??7.31?????????????,?????????95.8%?85.5%?81.6%?

???????????,?????????????????????????,?,??????????????,2021??2022???????????2023?????,????????????????????70.1%?59.5%??65.1%?

????2023?2021???1.1%???????????15.4%?2024????????????1?????,??(??????????)?“?????????”??????????????????????????????

“?”???????

??????,?????????“?”?

  ???

2019??????8????????????????????????????????,????????????????????????,???,2020???????,???????????,???

?????????????????,????“?”????????????????????????

2022??????????,??“????????????????”??????“?”?????????2.84??????“???????”?????????????“???”??65%???????,??,????????????????43.74%???????43.75%????????????2024?3??????,??????????????31.26%??31.25%???

2022?????????5??????31??,?,??,?2022???5?????????????????31?5102????????,?860%????????,???????????????,??????43.7%????43.75%???????????????

????????????????????,???,??2022??????2023????????????2.01????3.61?????,??28.8%?40.3%??,????3779.8????????????4673.6????????,???????????????????????????2023???????????5.33?????????????,?????214.6?????

2024??????1?????????????????,????,2??????????????,6??????????????????60%?????????

?IPO,????“???????????”????????????????????,“??????????????,???????2028???5????”

“??”???

?????,?????????????????????,?????????????2022?????,?????????0.5%,??,???????????????

??????????,??,??????,????????????????????,?????,??????????

??????????4????????????,???????,???????1???;?,??????????????????????????????????,????????14.78???????

?,?,??2023??????,?????????2.41??,???2021??2400???

??2024????4??????????,???1.28????????

  ?????

???????????????????????,???7?12??,??,???????51%????????????,???????????47.94???????????????????????????

?,????,??,???????2021??2610??2022???????????????????????????1.87??2023??,?7???,??????1.61????,???????????????27.3%?

?,?????????,?????,??????????,??,?????????????????????????????,??,?,?,???????????????????,????????(?)

?????:??????????????????????????