{"id":719621,"date":"2026-02-09T21:06:25","date_gmt":"2026-02-09T13:06:25","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=719621"},"modified":"2026-02-09T21:06:25","modified_gmt":"2026-02-09T13:06:25","slug":"%e6%b8%af%e8%82%a1ipo%e6%88%90%e4%b8%ad%e5%9c%8b%e7%8d%a8%e8%a7%92%e7%8d%b8%e9%80%80%e5%87%ba%e4%b8%bb%e6%97%8b%e5%be%8b%ef%bc%8c%e9%80%a3%e7%ba%8c%e4%b8%89%e5%b9%b4%e5%8d%a0%e6%af%94%e8%b6%85","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=719621","title":{"rendered":"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210"},"content":{"rendered":"<div>  <a href=\"https:\/\/www.finet.hk\/newscenter\/print_content\/698992e22308292aac90f04f\" target=\"_blank\" rel=\"noopener\"><i title=\"\u6253\u5370\"><\/i><\/a><\/p>\n<h1>\u6e2f\u80a1<a href=\"https:\/\/www.alphaseek.cn\/?tag=ipo\" title=\"View all posts in IPO\" target=\"_blank\" class=\"tag_link\">IPO<\/a>\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210<\/h1>\n<p><span><span>\u65e5\u671f\uff1a2026\u5e742\u67089\u65e5 \u4e0b\u53483:50<\/span><span>\u4f5c\u8005\uff1a\u5275\u696d\u90a6<\/span> <span>\u7de8\u8f2f\uff1aLily<\/span> <\/span><\/p>\n<div><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/javascript:void(0)\" data-title=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" data-description=\"\u8fd1\u65e5\uff0c\u570b\u969b\u5275\u65b0\u751f\u614b\u667a\u5eab\u53ca\u79d1\u6280\u670d\u52d9\u6a5f\u69cb\u5275\u696d\u90a6\u65d7\u4e0b\u777f\u7378\u5206\u6790\u767c\u5e03\u300a2025\u4e2d\u570b\u7368\u89d2\u7378\u4f01\u696d\u89c0\u5bdf\u5831\u544a\u300b\u3002\u5831\u544a\u986f\u793a\uff0c2025\u5e74\uff0c\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u737822\u5bb6\uff0c\u540c\u6bd4\u589e\u52a010%\uff0c\u5317\u4eac\uff085\u5bb6\uff09\u3001\u4e0a\u6d77\uff084\u5bb6\uff09\u3001\u6df1\u5733\uff083\u5bb6\uff09\u4f4d\u5c45\u524d\u4e09\u3002\" data-image=\"https:\/\/images.finet.hk\/photoLib\/title\/202602_1\/21dd2070-d2c3-46fe-9a26-51a56608e4c1.png\" data-returnurl=\"https:\/\/www.finet.hk\/newscenter\/news_content\/698992e22308292aac90f04f\" data-href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/698992e22308292aac90f04f\" onclick=\"return fbf2_click(this)\"><i title=\"\u5206\u4eab\u5230facebook\"><\/i><\/a><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/javascript:void(0)\" onclick=\"return wechat_share(this)\" tabindex=\"0\" data-container=\"body\" data-toggle=\"popover\" data-trigger=\"manual\" data-html=\"true\" data-placement=\"bottom\"><i title=\"\u5206\u4eab\u5230\u5fae\u4fe1\"><\/i><\/a><\/p>\n<div><\/div>\n<\/div>\n<p>\u8fd1\u65e5\uff0c\u570b\u969b\u5275\u65b0\u751f\u614b\u667a\u5eab\u53ca\u79d1\u6280\u670d\u52d9\u6a5f\u69cb\u5275\u696d\u90a6\u65d7\u4e0b\u777f\u7378\u5206\u6790\u767c\u5e03\u300a2025\u4e2d\u570b\u7368\u89d2\u7378\u4f01\u696d\u89c0\u5bdf\u5831\u544a\u300b\u3002\u5831\u544a\u986f\u793a\uff0c2025\u5e74\uff0c\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u737822\u5bb6\uff0c\u540c\u6bd4\u589e\u52a010%\uff0c\u5317\u4eac\uff085\u5bb6\uff09\u3001\u4e0a\u6d77\uff084\u5bb6\uff09\u3001\u6df1\u5733\uff083\u5bb6\uff09\u4f4d\u5c45\u524d\u4e09\u3002\u622a\u81f32025\u5e74\u5e95\uff0c\u4e2d\u570b\u73fe\u5b58\u7368\u89d2\u7378\u4f01\u696d509\u5bb6\u30022025\u5e74\u4e2d\u570b22\u5bb6\u65b0\u6649\u7368\u89d2\u7378\u4e2d\uff0c8\u5bb6\u70baAI\u4f01\u696d\uff0c\u5176\u4e2d7\u5bb6\u805a\u7126\u5177\u8eab\u667a\u80fd\u6a5f\u5668\u4eba\u9818\u57df\uff0c\u6210\u70ba\u5e74\u5ea6\u6700\u71b1\u8cfd\u9053\u3002\u6e2f\u80a1\u6210\u70ba\u4e2d\u570b\u7368\u89d2\u7378\u4e3b\u6d41\u9000\u51fa\u901a\u9053\u30022025\u5e74\u4e2d\u570b21\u5bb6\u7368\u89d2\u7378\u901a\u904eIPO\u6216SPAC<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%b8%8a%e5%b8%82\" title=\"View all posts in \u4e0a\u5e02\" target=\"_blank\" class=\"tag_link\">\u4e0a\u5e02<\/a>\u9000\u51fa\uff0c\u5176\u4e2d\u6e2f\u80a114\u5bb6\u3001\u7d0d\u65af\u9054\u514b2\u5bb6\u3001A\u80a15\u5bb6\u3002<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%b8%af%e4%ba%a4%e6%89%80\" title=\"View all posts in \u6e2f\u4ea4\u6240\" target=\"_blank\" class=\"tag_link\">\u6e2f\u4ea4\u6240<\/a>\u6301\u7e8c\u978f\u56fa\u4e2d\u570b\u79d1\u6280\u4f01\u696d\u4e0a\u5e02\u9996\u9078\u5730\u4f4d\u3002<\/p>\n<p><strong>01 \u65b0\u6649\u7368\u89d2\u7378\uff1a\u6578\u91cf\u56de\u6696\uff0c\u982d\u90e8\u57ce\u5e02\u96c6\u805a\u6548\u61c9\u986f\u8457<\/strong><\/p>\n<p><strong>2025<\/strong><strong>\u5e74\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u737822\u5bb6\u3001\u73fe\u5b58\u7368\u89d2\u7378509\u5bb6<\/strong><\/p>\n<p>\u622a\u81f32025\u5e74\u5e95\uff0c\u4e2d\u570b\u73fe\u5b58\u7368\u89d2\u7378\u4f01\u696d509\u5bb6\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u4e3b\u8981\u7531\u65bc2025\u5e74\u7368\u89d2\u7378\u9000\u51fa\u6578\u91cf\uff0824\u5bb6\uff09\u7565\u591a\u65bc\u65b0\u6649\u6578\u91cf\uff0822\u5bb6\uff09\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c2022\u5e74\u524d\u4e2d\u570b\u7368\u89d2\u7378\u6578\u91cf\u4fdd\u6301\u5169\u4f4d\u6578\u9ad8\u901f\u589e\u9577\uff0c2023\u5e74\u589e\u901f\u9a5f\u964d\u81f31.8%\uff08\u8f032021\u5e74\u4e0b\u6ed1\u8fd130\u500b\u767e\u5206\u9ede\uff09\uff0c2024-2025\u5e74\u9023\u7e8c\u5169\u5e74\u8ca0\u589e\u9577\uff0c\u53cd\u6620\u51fa\u5275\u6295\u5e02\u5834\u9032\u5165\u6df1\u5ea6\u8abf\u6574\u671f\u3002<\/p>\n<p>2025\u5e74\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u7378\u4f01\u696d22\u5bb6\uff0c\u540c\u6bd4\u589e\u52a010%\uff0c2024\u5e74\u50c5\u670920\u5bb6\u65b0\u6649\u7368\u89d2\u7378\u30022016-2022\u5e74\u671f\u9593\u4e2d\u570b\u5e74\u5747\u65b0\u6649\u7368\u89d2\u7378\u5747\u572860\u5bb6\u4ee5\u4e0a\uff1b2021\u5e74\u9054\u5230141\u5bb6\uff0c\u70ba\u6b77\u53f2\u6700\u9ad8\u503c\uff1b2022\u5e74\u4e4b\u5f8c\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u7378\u6578\u91cf\u5448\u4e0b\u964d\u8da8\u52e2\uff0c2024\u5e74\u70ba\u8fd110\u5e74\u6700\u4f4e\u9ede\uff0c2025\u5e74\u7d42\u65bc\u6b62\u8dcc\u56de\u5347\u3002<\/p>\n<p><img loading=\"lazy\" height=\"378\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/4d6c41dd-b3a0-4168-bbb7-f95b8c9895aa.jpeg\" width=\"554\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p><strong>\u5730\u5340\u5206\u5e03\uff1a\u4e94\u5927\u7701\u5e02\u4f54\u64da\u8fd1\u516b\u6210\u4efd\u984d<\/strong><\/p>\n<p>\u4e2d\u570b509\u5bb6\u73fe\u5b58\u7368\u89d2\u7378\u5206\u5e03\u572827\u500b\u5730\u5340\uff0c\u5448\u73fe\u986f\u8457\u7684\u5340\u57df\u96c6\u805a\u7279\u5fb5\u3002\u5317\u4eac\u7368\u89d2\u7378\u6578\u91cf\u6700\u591a\uff0c\u70ba120\u5bb6\uff0c\u5176\u6b21\u662f\u4e0a\u6d7798\u5bb6\uff0c\u5ee3\u677183\u5bb6\uff0c\u6c5f\u860755\u5bb6\uff0c\u6d59\u6c5f44\u5bb6\uff0c\u9019\u4e94\u5730\u5408\u8a08\u5360\u4e2d\u570b\u7e3d\u91cf\u768478.6%\uff0c\u5176\u991822\u500b\u5730\u5340\u5747\u4e0d\u8db320\u5bb6\u3002<\/p>\n<p>2025\u4e2d\u570b\u65b0\u664922\u5bb6\u7368\u89d2\u7378\u5206\u5e03\u57288\u500b\u5730\u5340\uff0c\u5176\u4e2d\u5317\u4eac\u65b0\u66495\u5bb6\uff0c\u4f4d\u5c45\u9996\u4f4d\uff0c\u5ee3\u6771\u548c\u4e0a\u6d77\u5747\u65b0\u66494\u5bb6\u3002<\/p>\n<p><img loading=\"lazy\" height=\"414\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/3809a4ae-0c27-4bf8-8ddf-d41e6eebb5d1.jpeg\" width=\"1157\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p>\u4e2d\u570b\u73fe\u5b58\u7368\u89d2\u7378\u5317\u4eac\uff08120\u5bb6\uff09\u548c\u4e0a\u6d77\uff0898\u5bb6\uff09\u6578\u91cf\u9060\u9ad8\u65bc\u5176\u4ed6\u57ce\u5e02\uff0c\u5f62\u6210\u4e86\u660e\u986f\u7684\u9818\u5148\u512a\u52e2\u3002\u6df1\u5733\u3001\u676d\u5dde\u548c\u5ee3\u5dde\u7dca\u96a8\u5176\u5f8c\uff0c\u8655\u65bc\u4e2d\u9593\u6c34\u5e73\uff0820-50\u5bb6\uff09\uff0c\u800c\u5176\u9918\u57ce\u5e02\u7684\u6578\u91cf\u76f8\u5c0d\u8f03\u5c11\uff0c\u5747\u5c11\u65bc20\u5bb6\u3002<\/p>\n<p>2025\u5e74\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u7378\u4f86\u81ea11\u500b\u57ce\u5e02\uff0c\u5176\u4e2d\uff0c\u5317\u4eac5\u5bb6\u3001\u4e0a\u6d774\u5bb6\u3001\u6df1\u57333\u5bb6\uff0c\u4f4d\u5c45\u5168\u570b\u57ce\u5e02\u524d\u4e09\u4f4d\u3002<\/p>\n<p><img loading=\"lazy\" height=\"477\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/a9aa93c3-b951-4ac5-92e8-95b1be22fca2.jpeg\" width=\"1059\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p><strong>\u884c\u696d\u5206\u5e03\uff1aAI\u9818\u57df\u65b0\u66498\u5bb6\u7368\u89d2\u7378\uff0c\u5176\u4e2d7\u5bb6\u70ba\u6a5f\u5668\u4eba\u6216\u5177\u8eab\u667a\u80fd\u9818\u57df\u4f01\u696d<\/strong><\/p>\n<p>2025\u5e74\uff0c\u4e2d\u570b<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%ba%ba%e5%b7%a5%e6%99%ba%e8%83%bd\" title=\"View all posts in \u4eba\u5de5\u667a\u80fd\" target=\"_blank\" class=\"tag_link\">\u4eba\u5de5\u667a\u80fd<\/a>\u884c\u696d\u65b0\u66498\u5bb6\u7368\u89d2\u7378\uff0c\u5360\u6bd436.4%\uff0c\u4f4d\u5c45\u884c\u696d\u9996\u4f4d\uff0c\u8f032024\u5e74\u768420.0%\u30012023\u5e74\u768412.2%\uff0c\u5be6\u73fe\u8f03\u5927\u589e\u9577\uff0c\u5176\u4e2d7\u5bb6\u70ba\u6a5f\u5668\u4eba\u6216\u5177\u8eab\u667a\u80fd\u9818\u57df\u76f8\u95dc\u4f01\u696d\uff0c\u5305\u62ec\u5b87\u6a39\u79d1\u6280\u3001\u5085\u5229\u8449\u667a\u80fd\u3001\u9280\u6cb3\u901a\u7528\u3001\u975e\u5915\u79d1\u6280\u3001\u81ea\u8b8a\u91cf\u6a5f\u5668\u4eba\u3001\u5730\u74dc\u6a5f\u5668\u4eba\u3001\u5eb7\u8afe\u601d\u9a30\u7b49\u3002\u667a\u80fd\u88fd\u9020\u7dca\u96a8\u5176\u5f8c\uff0c\u5360\u6bd4\u5f9e2024\u5e7415.0%\u589e\u9577\u81f32025\u5e74\u768427.3%\u3002\u8207\u4e4b\u5f62\u6210\u9bae\u660e\u5c0d\u6bd4\u7684\u662f\uff0c\u4f01\u696d\u670d\u52d9\u3001\u6587\u5316\u5a1b\u6a02\u65b0\u6649\u7368\u89d2\u7378\u5360\u6bd4\u4e0d\u65b7\u6e1b\u5c11\uff0c\u4e26\u6700\u7d42\u51fa\u73fe\u65b0\u589e\u6578\u91cf\u6b78\u96f6\u7684\u60c5\u6cc1\uff0c\u53cd\u6620\u51fa\u8cc7\u672c\u504f\u597d\u7684\u6df1\u523b\u8f49\u5411\u3002<\/p>\n<p><img loading=\"lazy\" height=\"375\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/26f2f48b-b351-4655-bebe-738ca636a9ff.jpeg\" width=\"531\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p><strong>\u6d3b\u8e8d\u6a5f\u69cb\uff1a314\u5bb6\u6295\u8cc7\u6a5f\u69cb\u53c3\u6295\uff0c\u7d05\u6749\u4e2d\u570b\u4f4d\u5c45\u9996\u4f4d\uff0c\u6295\u51fa6\u5bb6\u65b0\u6649\u7368\u89d2\u7378<\/strong><\/p>\n<p>\u65b0\u6649\u7368\u89d2\u7378\u6355\u624b\u699c\uff1a2025\u5e74\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u7378\u7684\u6b77\u53f2\u6295\u8cc7\u548c\u7368\u89d2\u7378\u8f2a\u6b21\u6295\u8cc7\u4e2d\uff0c\u5171\u6709314\u5bb6\u6295\u8cc7\u6a5f\u69cb\u53c3\u8207\u3002\u7d05\u6749\u4e2d\u570b\u53c3\u8207\u6295\u8cc76\u5bb6\u7368\u89d2\u7378\uff0c\u4f4d\u5c45\u9996\u4f4d\uff0c\u4eac\u570b\u745e\u57fa\u91d1\u53c3\u8207\u6295\u8cc7\u4e865\u5bb6\uff0c\u4f4d\u5c45\u7b2c\u4e8c\u3002<\/p>\n<p>\u7368\u89d2\u7378\u8f2a\u6b21\u6295\u8cc7\u8005\uff1a2025\u5e74\u4e2d\u570b\u65b0\u6649\u7368\u89d2\u7378\u7684\u7368\u89d2\u7378\u8f2a\u6b21\u878d\u8cc7\u4e8b\u4ef6\u4e2d\uff0c\u5171146\u5bb6\u6a5f\u69cb\u53c3\u8207\uff0c\u4eac\u570b\u745e\u57fa\u91d1\u53c3\u6295\u4e863\u5bb6\u7368\u89d2\u7378\uff0c\u5efa\u4fe1\u6295\u8cc7\u3001\u541b\u806f\u8cc7\u672c\u7b497\u5bb6\u6a5f\u69cb\u5404\u53c3\u62952\u5bb6\u7368\u89d2\u7378\u3002<\/p>\n<p><img loading=\"lazy\" height=\"417\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/c4b0a2d1-694f-4c9b-b968-0ffb7e945091.jpeg\" width=\"679\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p><strong>02 \u5b58\u91cf\u7368\u89d2\u7378\uff1a\u5f8c\u671f\u878d\u8cc7\u5360\u6bd4\u904e\u534a\uff0c\u667a\u80fd\u88fd\u9020\u6700\u5438\u91d1<\/strong><\/p>\n<p><strong>\u5b58\u91cf\u7368\u89d2\u7378\u878d\u8cc7\u4e8b\u4ef6\u968e\u6bb5\uff1a\u591a\u6578\u5b58\u91cf\u7368\u89d2\u7378\u8655\u65bc\u5f8c\u671f<\/strong><\/p>\n<p>2025\u5e7458\u5bb6\u4e2d\u570b\u5b58\u91cf\u7368\u89d2\u7378\u5b8c\u621078\u500b\u5f8c\u7e8c\u878d\u8cc7\u4e8b\u4ef6\uff0c\u5df2\u62ab\u9732\u878d\u8cc7\u7e3d\u984d\u70ba74.2\u5104\u7f8e\u5143\u3002\u667a\u8b5cAI\u878d\u8cc75\u8f2a\uff08\u5168\u5e74\u6700\u591a\uff09\uff0c\u667a\u5143\u6a5f\u5668\u4eba4\u8f2a\uff0c\u5929\u77b3\u5a01\u8996\u3001\u79d1\u5143\u7cbe\u5316\u3001JBD\u986f\u8000\u986f\u793a\u54043\u8f2a\u3002<\/p>\n<p>\u5f9e\u878d\u8cc7\u968e\u6bb5\u770b\uff0c\u4e2d\u570b\u5b58\u91cf\u7368\u89d2\u7378\u5b8c\u6210\u768478\u500b\u878d\u8cc7\u4e8b\u4ef6\u4e2d\u65e9\u671f\uff08\u5929\u4f7f\u8f2a-A\u8f2a\uff09\u4e8b\u4ef66\u500b\uff08\u5360\u6bd47.7%\uff09\uff1b\u6210\u9577\u671f\uff08B-C\u8f2a\uff09\u4e8b\u4ef632\u500b\uff08\u5360\u6bd441%\uff09\uff1b\u5f8c\u671f\uff08D-Pre-IPO\u8f2a\uff09\u4e8b\u4ef640\u500b\uff08\u5360\u6bd451.3%\uff09\u3002\u8d85\u534a\u6578\u878d\u8cc7\u96c6\u4e2d\u5728\u5f8c\u671f\u968e\u6bb5\uff0c\u8aaa\u660e\u5b58\u91cf\u7368\u89d2\u7378\u5df2\u9032\u5165\u885d\u523aIPO\u7684\u95dc\u9375\u7a97\u53e3\u671f\u3002<\/p>\n<p><img loading=\"lazy\" height=\"450\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/c9caa0df-90d4-40de-9548-698950c2a4e9.jpeg\" width=\"946\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p><strong>\u5b58\u91cf\u7368\u89d2\u7378\u878d\u8cc7\u4e8b\u4ef6\u884c\u696d\u5206\u5e03\uff1a\u667a\u80fd\u88fd\u9020\u3001AI\u3001\u6c7d\u8eca\u4ea4\u901a\u884c\u696d\u878d\u8cc7\u706b\u71b1<\/strong><\/p>\n<p>2025\u5e74\u4e2d\u570b\u5b58\u91cf\u7368\u89d2\u7378\u878d\u8cc7\u96c6\u4e2d\u5728\u667a\u80fd\u88fd\u9020\u3001\u4eba\u5de5\u667a\u80fd\u8cfd\u9053\u30022025\u5e74\u4e2d\u570b\u5b58\u91cf\u7368\u89d2\u7378\u878d\u8cc7\u4e8b\u4ef6\u5206\u5e03\u65bc12\u500b\u884c\u696d\uff0c\u878d\u8cc7\u6b21\u6578\u6700\u591a\u7684\u884c\u696d\u4f9d\u6b21\u662f\u667a\u80fd\u88fd\u9020\uff0826\u500b\uff09\uff0c\u4eba\u5de5\u667a\u80fd\uff0822\u500b\uff09\u548c\u6c7d\u8eca\u4ea4\u901a\uff0810\u500b\uff09\u3002<\/p>\n<p>\u5df2\u62ab\u9732\u878d\u8cc7\u7e3d\u984d\u524d3\u540d\u7684\u884c\u696d\u662f\u667a\u80fd\u88fd\u9020\uff0837.2\u5104\u7f8e\u5143\uff09\u3001\u4eba\u5de5\u667a\u80fd\uff0814.6\u5104\u7f8e\u5143\uff09\u3001\u6c7d\u8eca\u4ea4\u901a\uff0813.9\u5104\u7f8e\u5143\uff09\u3002<\/p>\n<p><img loading=\"lazy\" height=\"415\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/5792a5cb-abd4-4dab-aa54-2400b8cc286d.jpeg\" width=\"837\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<\/p>\n<p><img loading=\"lazy\" height=\"548\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/8a43c630-16ab-4cc8-8bfd-c9dd6745b07a.jpeg\" width=\"950\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p><strong>03 \u9000\u51fa\u7368\u89d2\u7378\uff1a\u4e0a\u5e02\u9000\u51fa\u4f54\u6bd487.5%\uff0c\u6e2f\u80a1\u6210\u6700\u5927\u8d0f\u5bb6<\/strong><\/p>\n<p><strong>\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\uff1a\u6e2f\u80a1\u6210\u70ba\u4e3b\u8981\u9000\u51fa\u901a\u9053<\/strong><\/p>\n<p>2025\u5e74\u4e2d\u570b\u9000\u51fa\u7368\u89d2\u7378\u517124\u5bb6\uff0c\u5176\u4e2d\u4e0a\u5e02\u9000\u51fa21\u5bb6\uff0c\u5360\u6bd487.5%\uff0c\u8f032024\u5e74\u589e\u52a02\u5bb6\uff1b\u88ab\u4f75\u8cfc\/\u6536\u8cfc\u9000\u51fa3\u5bb6\uff0c\u5360\u6bd412.5%\u3002IPO\u4ecd\u662f\u7368\u89d2\u7378\u9000\u51fa\u7684\u7d55\u5c0d\u4e3b\u6d41\u65b9\u5f0f\u3002<\/p>\n<p>\u5f9e\u4e0a\u5e02\u5730\u9ede\u770b\uff0c2021\u5e74\u4e4b\u524d\uff0c\u7f8e\u80a1\u662f\u4e2d\u570b\u7368\u89d2\u7378\u4e0a\u5e02\u7684\u4e3b\u8981\u9078\u64c7\u4e4b\u4e00\uff0c2022\u5e74\u4e4b\u5f8c\uff0c\u6e2f\u4ea4\u6240\u548c\u4e0a\u4ea4\u6240\u6210\u70ba\u4e2d\u570b\u7368\u89d2\u7378\u4f01\u696d\u4e0a\u5e02\u7684\u91cd\u8981\u6e20\u9053\uff0c\u5c24\u5176\u662f\u5728\u6e2f\u4ea4\u6240\u4e0a\u5e02\u7684\u7368\u89d2\u7378\u6578\u91cf\u5927\u5e45\u589e\u52a0\u30022023\u5e74\uff0c\u5728\u6e2f\u4ea4\u6240\u4e0a\u5e02\u7684\u4e2d\u570b\u7368\u89d2\u7378\u4f01\u696d15\u5bb6\uff0c\u5275\u4e0b\u6b77\u5e74\u65b0\u9ad8\uff1b2024\u5e74\u670912\u5bb6\u7368\u89d2\u7378\u5728\u6e2f\u4ea4\u6240\u4e0a\u5e02\uff0c\u5360\u6bd463.2%\u30022025\u5e74\u670914\u5bb6\u7368\u89d2\u7378\u5728\u6e2f\u4ea4\u6240\u4e0a\u5e02\uff0c\u5360\u6bd466.7%\u3002\u6e2f\u80a1\u4e0a\u5e02\u4f54\u6bd4\u9023\u7e8c\u4e09\u5e74\u8d8560%\uff0c\u6210\u70ba\u4e2d\u570b\u7368\u89d2\u7378\u6700\u91cd\u8981\u7684\u9000\u51fa\u901a\u9053\u3002<\/p>\n<p><img loading=\"lazy\" height=\"445\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/759fa38c-3834-4eff-982a-84cca5563269.jpeg\" width=\"999\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p><img loading=\"lazy\" height=\"567\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202602_1\/33c548c0-3bc9-47f3-ab13-3fd77b580d4d.jpeg\" width=\"830\" alt=\"\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p>\u6587\u7ae0\u4f86\u6e90\uff1a\u5275\u696d\u90a6<\/p>\n<p>(\u6765\u6e90:\u8d22\u534e\u793e)    <\/p><\/div>\n<div><\/div>\n<div>\n<div>  <script async type='text\/javascript'>  if(\"B\" == 'S' && $(window).width() < 1024){  }  else{  <a href=\"https:\/\/www.alphaseek.cn\/?tag=google\" title=\"View all posts in google\" target=\"_blank\" class=\"tag_link\">google<\/a>tag.cmd.push(function() { googletag.display(''); });  }  <\/script>  <\/div>\n<\/div>\n<div><\/div>\n<div>\n<div>\n<h3>\u4e0a\u4e00\u7bc7\u65b0\u805e<\/h3>\n<p><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/69832949230829cacf8d8b96\">2025\u5e74\u54c1\u724c\u9078\u8209\u9812\u734e\u5178\u79ae\u8209\u884c\u3000\u5609\u8a31\u5091\u51fa\u9999\u6e2f\u54c1\u724c\u53ca\u54c1\u724c\u9818\u8896<\/a><\/div>\n<div>  <\/div>\n<\/p><\/div>\n<h3>\u76f8\u95dc\u6587\u7ae0<\/h3>\n<dl>\n<dt>2\u67084\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/69832949230829cacf8d8b96\">2025\u5e74\u54c1\u724c\u9078\u8209\u9812\u734e\u5178\u79ae\u8209\u884c\u3000\u5609\u8a31\u5091\u51fa\u9999\u6e2f\u54c1\u724c\u53ca\u54c1\u724c\u9818\u8896<\/a><\/dd>\n<dt>2\u67083\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/69813bee230829836618e492\">\u3010\u8ca1\u83ef\u793e\u652f\u6301\u3011\u6d1e\u5bdf\u672a\u4f86\uff0c\u5171\u5851\u65b0\u7bc7 | \u5bdf\u8a2a\u5340\u584a\u93c82025\u5e74Web3\u5e74\u5ea6\u5206\u4eab\u5373\u5c07\u555f\u5e55\uff0c\u9080\u60a8\u5171\u8d74\u884c\u696d\u601d\u60f3\u76db\u5bb4<\/a><\/dd>\n<dt>2\u67082\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/69801ab52308293b084eebf6\">\u7b2c\u5341\u4e94\u5c46\u516c\u76ca\u7bc0\u66a8ESG\u5f71\u97ff\u529b\u5e74\u6703\u5317\u4eac\u8209\u8fa6\uff0c\u651c\u6eab\u6696\u529b\u91cf\u5171\u76ca\u65b0\u7bc7\u7ae0<\/a><\/dd>\n<dt>2\u67082\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/698019402308293b084eebf5\">2025\u4e2d\u570b\u6d88\u8cbb\u5275\u65b0\u5927\u6703\u66a8\u54c1\u8cea\u7bc0\u5317\u4eac\u958b\u5e55\uff0c\u5275\u65b0\u5f15\u9818\u6d88\u8cbb\u65b0\u6642\u4ee3<\/a><\/dd>\n<dt>1\u670830\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/697c4efd230829654c0639c3\">\u3010\u8ca1\u83ef\u793e\u5831\u9053\u3011\u81f4\u656c\u5be6\u5e79\u8005 \u667a\u7e6a\u65b0\u51fa\u884c\uff5c\u5c0f\u99ac\u667a\u884c\u767b\u4f01\u696d\u5bb6\u4e4b\u591c\uff0c\u5f70\u986f\u79d1\u6280\u5275\u696d\u529b\u91cf<\/a><\/dd>\n<dt>1\u670830\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/697c4eb1230829654c0639c1\">\u3010\u8ca1\u83ef\u793e\u5831\u9053\u3011GLM \u6280\u8853\u9818\u822a\uff0c\u667a\u8b5c\u83ef\u7ae0\u767b\u4f01\u696d\u5bb6\u4e4b\u591c\uff0c\u52a0\u901f AI \u898f\u6a21\u5316\u843d\u5730<\/a><\/dd>\n<dt>1\u670830\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/697c0779230829654c0639af\">\u3010\u8ca1\u83ef\u793e\u5831\u9053\u3011\u9673\u666f\u6cb3\u73fe\u5834\u843d\u6dda\uff0c\u76e7\u9081\u547c\u7c72\u95dc\u6ce8\u8fb2\u6751\u990a\u80b2\uff0c\u97d3\u74a7\u4e1e\u5c55\u793a\u4eff\u751f\u624b\u6293\u555e\u9234\u2026\u2026\u4e0a\u767e\u4f4d\u4f01\u696d\u5bb6\u5171\u8a71\u4e2d\u570b\u7d93\u6fdf\u65b0\u52d5\u80fd<\/a><\/dd>\n<dt>1\u670829\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/697b37442308291cd1596db5\">\u767e\u5473\u919e\u52e2\uff0c\u5bb6\u570b\u540c\u6625\uff01\u641c\u72d02026\u4e2d\u570b\u9910\u98f2\u751f\u614b\u5927\u6703\u84c9\u57ce\u8209\u884c<\/a><\/dd>\n<dt>1\u670829\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/697b0d032308291cd1596db3\">\u7b2c\u4e09\u5c46\u9999\u6e2f\u8cc7\u672c\u5e02\u5834\u8ad6\u58c72026\u5713\u6eff\u8209\u884c<\/a><\/dd>\n<dt>1\u670829\u65e5<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/697ac81f2308291cd1596da3\">\u63a2\u7d22\u7da0\u8272\u7b97\u529b\u8207\u78b3\u8cc7\u7522\u7684\u91d1\u878d\u5275\u65b0\u8def\u5f91<\/a><\/dd>\n<\/dl>\n","protected":false},"excerpt":{"rendered":"<p>\u6e2f\u80a1IPO\u6210\u4e2d\u570b\u7368\u89d2\u7378\u9000\u51fa\u4e3b\u65cb\u5f8b\uff0c\u9023\u7e8c\u4e09\u5e74\u5360\u6bd4\u8d85\u516d\u6210 \u65e5\u671f\uff1a2026\u5e742\u67089\u65e5 \u4e0b\u53483:50\u4f5c\u8005\uff1a\u5275\u696d\u90a6 \u7de8\u8f2f 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