????????,??(???????)
?? ?? ???? ????????????
?,???????????,??????????????
?????????,?,???????????“????????????”,????“???”????????????,???????????,??????????,??
????????????????????? ????
?????
??
2????????5????????,???????????,????????????????????,???????????????????,??????
??????????????????????,????,????????????,???????????,???;700??????????????,???????????????,?,????……
??????????10???????????????????,???????????????,??,?????,??????????????“???,????????????,??????”??????????????
???,?????125?,?,???“??”??????????,????????????????????????????
???,????????????“??”????????684??,??6????????????40?????????,??240????????
????,????“??,????650?????????????????,?????????????????????,????????????58???????????,???????????????”???????????????????,??????????????????????????????,?????,???????
??????????????6???????????????,?????????????????????????????,?????;9????????,?????,???????;12?,????????……“?????????????????,????”??
?,??????????????????????,?????????,???,??????
2025??,??????????????????????????????,????“?”???????2024?23.9%,????????????9.2%,????11.5%?
???????????
????????
2???????5????8???????????????????????,????,?????????????????????,1200????????????200??????????,???……2025????,??,?????
?“???”???????????,???292??,????350?????????????????????,???????????????????,?????1???????,?3000???,??????????
????,????????????????????“???”,??????
“????500??????????????????,?‘????’?”??,??????,?????“??????”?????,????????????????,“????????‘????????’?”
????????????,?????????????????????????,?????,???????????????????,??,“??????,?!”???????????,????:“3??,???????”
?????????????,??????,????????????,??????????2???????,????,??“????????????”,??????????15%?
“??????2??????5?????,?????2950??????,???45%???10????????????????????,??????”????????,“?????????,?,?????”
????,?????????????????????????????????????304????????????,?168????????????????136???,??????????????????????????????????,??3860???????2024?,????????4971.4??????????????2.3%,??????????????????????
???
???
2?????5??????,??????????,???????,???????,????????????????????????????,?????????
??????,?????????????????????????????,????????????????????,?????????????,????????????????????,??????????????????
????????????????????,?????????,??????????????“????????”???????????????,??????????2001???,???????
????????????????,???????615????,?????????????,????????????????????23???(?????????????????????????????????)?27??????685???????,???????????????,???????????,?????????
“?3???,?9????2025????????,????,??????3??????????????”?????,?????????????65???????????????,?????????64.75????????????,??????????????????????????????,???
?????,???,?????????????????,???????????1???????????????1????,????????????“???”“??”?????????????????11??????????2025??9??????,?????????????????71???
??????????,2024?????????????????,???????????????????????????????????????????????9?68.68????,??112.43%?2025??,??????????,?????,??????,?????“?”?
« ??????????????????? »( 2025?????02?????????????06?????????? 11 ?????????) ??????:??????????????????????????????
«??»??90?????,?21????
??????:??????????????
??????:??????????????
?????????!???????????
????????“??”????????
??:????????????????
?????????:????????????
???:?????????2?MVP?????
?S??????????????????
??:“??”????????????????
?????????????????????
??:???????????????????
?????2??7??????????
??CEO??:???????C2C?????
??????:??????????????
???????????:??????????
???????????T?:????????
??:“??”????????????????
???!?????????????????…
?????????:IPO???????PE??
????????????????????
????K?!??????!????????
??????????37?????1.03??
?????????????????????
???????????????????