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

2025?????????????????2??????????????????12??,?(????“?”)????????,??????“01364.HK”,??????????????????????????9.94???????????????????????????????????,??10????

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

?????:“??????2010?????,????????????????????,?,?????????,??????????????,??,???????,?????????????,?‘????????’?????????????,??????,?????????,???????,???”

?IPO??????,?????????????????????,?;????????????????????;????;?,????,?????????????;????????????????

???????,????2023???????(GMV)?????????2023?????????12?31??????????????,?????????????,????????2023???????,?????????GMV?192???????????????????,?2022?37.2%?????2024?????????????9??30????????,????????????GMV???166?????????????,??2023???????20.4%,?????????2023????12???????31??????,??9001???????????????????,??2022?12????????????31?35.0%,????????????2024????9???????????????30?9778???

?,????????:?????????????????????????,????????,????,??2023?????,????36?????85000????,???????,?????????

????????????,??????????????????????????????????????????????2024?????9??????????????????????30???????????,????120??????????,???40????,????

?????????????2023?2024??9???30???????????????,?????????130???????????????????85?????????????,?????????,??????????

????,?,??:?,??????????????????;??;?,???????????;?;???????????????????????????