?????? ?????????????

2025???????????????,?,“????????????”????????

2??????????11??,?????,????????????????????????????????????????,????87.295???????,????????????10.5%?

??,???????,???????????68996.22????

??????,???????????????????????????????2????8????????????????????,??2???????,?6????????????,??10.89?????????????,??????????????87.5%,?2021????

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

?????????

1???27????????????????????,????????2025?????????????????????,???,??????????19.61?????????????,???20??,?????16.87?????????????,?20400?????/??????????????????,???????????????51.11%?

?????????????2025???????,?SJS30003?????????????????01-18?????4????,???????????51??????????????????????,???20.52???????,??27.93%,????????29425???/???????????????????

??????,?????????1???????????16??,????????2025???????????,????????????G01045-0200?????8?????????????????????????246?????????????????,????????30.65????????,????????????29611???/???????????????,??????????????70.37%?

????,??????,?????????????????,???220???54.6????,??????????????71.25%,???,????6??/?????

?????????????,???????????2024?9?,?????????,??????????????????,?????2025?,?????????(????????????????????),???????,?????????????????????????,??,??????????????????,???????????,???

????????,2025?????

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

????????????????,1?????????????????????,?????????????,???

??????????????,2025??1??????????????????????????,TOP100????????????????1210.7?????????,?????????41.4%,???

???????,2024?????10??,2025???1?????????????,??????????????????????????,????????????????????10%,??????,??????????TOP100?????????????

????????????TOP10???,1?????,?????(?????)HD00-0803-0029???????????R2???????????????????91.5????????,???????????17.33%,????????,????90.404?????(????????)HD00-0803-0030???????????,????????????????????????25.04%,?????????,???,?????????????????????60%,??

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

??,????????:?????,????????????????????????????????????????????????????????????;??,????????????????;?????;??????????;????,?,??????????????????????????????9?????,???H12???????????????????????????????????

58?????????,2025????,?????????????,????????,???????????????????,?????????????,??,????3???4???????

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

?? ????????:???????????,????????

????:1??????:????????

2????????

3???????

4????????vx

5????????spa

?????? ?????????????

2025???????????????,?,“????????????”????????

2??????????11??,?????,????????????????????????????????????????,????87.295???????,????????????10.5%?

??,???????,???????????68996.22????

??????,???????????????????????????????2????8????????????????????,??2???????,?6????????????,??10.89?????????????,??????????????87.5%,?2021????

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

?????????

1???27????????????????????,????????2025?????????????????????,???,??????????19.61?????????????,???20??,?????16.87?????????????,?20400?????/??????????????????,???????????????51.11%?

?????????????2025???????,?SJS30003?????????????????01-18?????4????,???????????51??????????????????????,???20.52???????,??27.93%,????????29425???/???????????????????

??????,?????????1???????????16??,????????2025???????????,????????????G01045-0200?????8?????????????????????????246?????????????????,????????30.65????????,????????????29611???/???????????????,??????????????70.37%?

????,??????,?????????????????,???220???54.6????,??????????????71.25%,???,????6??/?????

?????????????,???????????2024?9?,?????????,??????????????????,?????2025?,?????????(????????????????????),???????,?????????????????????????,??,??????????????????,???????????,???

????????,2025?????

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

????????????????,1?????????????????????,?????????????,???

??????????????,2025??1??????????????????????????,TOP100????????????????1210.7?????????,?????????41.4%,???

???????,2024?????10??,2025???1?????????????,??????????????????????????,????????????????????10%,??????,??????????TOP100?????????????

????????????TOP10???,1?????,?????(?????)HD00-0803-0029???????????R2???????????????????91.5????????,???????????17.33%,????????,????90.404?????(????????)HD00-0803-0030???????????,????????????????????????25.04%,?????????,???,?????????????????????60%,??

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

??,????????:?????,????????????????????????????????????????????????????????????;??,????????????????;?????;??????????;????,?,??????????????????????????????9?????,???H12???????????????????????????????????

58?????????,2025????,?????????????,????????,???????????????????,?????????????,??,????3???4???????

?????????,???????????????,???????,?,???????,???,????????????,?? ???:?????????????????