?2024?????2024???????,??332????????(???,????),Non-GAAP???30??2024?????????,??????????1084????????????,Non-GAAP??90??????????
???????????2024?????????????????,???????????????????7.7??????????????????,???????????????,???????????2025??????????????????????4???????????????11?????,?????2.40?????????????0.48???
??:“??,?????????????????????????????,??????????????????????”
2024???GMV???2093?????,????
2024??,?????????????????GMV(??)?????0.6%??2093?????,??????,????GMV????????????????????2%,??GMV??????75%,??
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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%?
??,??????????????????
????????????,????????????????????,????????????????????????,???????????,?????80??,?????2700??,?????58,000??????????
?????????2024????????????,????????????????7.68???,??????????????????????,??????????????,????27.7???,??
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CPI??????PPI?????
??????????????????5?
??:4?27????????
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???????????????61???(?)
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????????:??1??8000?
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