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

??

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

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

???????????????????????:????

?????????

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

????????