?2024????????GMV???2093??,SVIP??16%

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???????2024??????2024?????????,????332????(??????,????????),Non-GAAP??????????30???2024??????????,????1084???????????????,Non-GAAP??????90??

?????????????????????????????????2024?????,??????????????7.7??????????,????????????????????,????????2025???????4???11???????????????????,????????????????2.40????0.48??????

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2024???????GMV?????????????????????2093????????????????????,??

2024????,??GMV(?????)??????0.6%??????????2093?,????,???????GMV???????????2%,???????GMV?75%,??????????????

???,?????????????????????2024????????????�????�?�??�,?????????,??????????????????,???????????

?????????????,???????????200??�??�????,?????????????????????,?????

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??2024??????1500????????????,???Acne Studios?Toteme???????,????????????????????????OTB(ONLY THE BRAVE)??????????????,???????,???

?,2024???,??????????????????????????,???????????????????????

2024???,?????�?????????????????�?????,???,???????????????????,?????????????????,?????????????

????????,SVIP????16%

?????VIP??(SVIP)??????????????V????????????????????9.5??????????????V?????????????,2024??????????????????????????????????????????,??SVIP??,???????V????????????????,?????????SVIP??????????????????????

???,???2024???????????,SVIP???16%?????880??,???49%?

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?????,??,???????????,??????????,????????????????????????????????80??,?????2700?,?????58,000??

???????????????2024????????????,?????????7.68?????,??????????????????????,??,?27.7?????????????,??????????????????????

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??????2024????????GMV???2093??,SVIP??16%?????

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