{"id":742939,"date":"2026-03-11T22:00:40","date_gmt":"2026-03-11T14:00:40","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=742939"},"modified":"2026-03-11T22:00:40","modified_gmt":"2026-03-11T14:00:40","slug":"%e4%b8%87%e7%89%a9%e6%96%b0%e7%94%9f%e5%8f%91%e5%b8%832025%e8%b4%a2%e5%b9%b4%e7%ac%ac%e5%9b%9b%e8%b4%a2%e5%ad%a3%e5%ad%a3%e6%8a%a5%ef%bc%9a%e8%90%a5%e6%94%b662-5%e4%ba%bf%e5%90%8c%e6%af%94%e5%a2%9e29","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=742939","title":{"rendered":"\u4e07\u7269\u65b0\u751f\u53d1\u5e032025\u8d22\u5e74\u7b2c\u56db\u8d22\u5b63\u5b63\u62a5\uff1a\u8425\u653662.5\u4ebf\u540c\u6bd4\u589e29%"},"content":{"rendered":"<p>DoNews3\u670811\u65e5\u6d88\u606f\uff0c\u4e8c\u624b\u6d88\u8d39\u7535\u5b50\u4ea7\u54c1\u4ea4\u6613\u548c\u670d\u52a1\u5e73\u53f0\u4e07\u7269\u65b0\u751f\uff08\u7231\u56de\u6536\uff09\u96c6\u56e2\uff08\u7ebd\u4ea4\u6240\u80a1\u7968\u4ee3\u7801\uff1aRERE\uff09\u4eca\u65e5\u53d1\u5e032025\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u548c\u5168\u5e74<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%b8%9a%e7%bb%a9\" title=\"View all posts in \u4e1a\u7ee9\" target=\"_blank\" class=\"tag_link\">\u4e1a\u7ee9<\/a>\u62a5\u544a\u3002\u8d22\u62a5\u663e\u793a\uff0c\u4e07\u7269\u65b0\u751f\u96c6\u56e22025\u5e74\u8425\u6536\u4e3a210.5\u4ebf\u5143\uff08\u7ea630\u4ebf\u7f8e\u5143\uff09\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u7684163.28\u4ebf\u5143\u589e\u957f28.9%\u3002<\/p>\n<p><img src=\"https:\/\/img6.donews.com\/img\/2026\/03\/11\/img_pic_191773231603.png\" alt=\"\u4e07\u7269\u65b0\u751f\u53d1\u5e032025\u8d22\u5e74\u7b2c\u56db\u8d22\u5b63\u5b63\u62a5\uff1a\u8425\u653662.5\u4ebf\u540c\u6bd4\u589e29%\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<p>\u4e07\u7269\u65b0\u751f\u96c6\u56e22025\u5e741P\u4e1a\u52a1\u6536\u5165193.8\u4ebf\u5143\uff08\u7ea627.71\u4ebf\u7f8e\u5143\uff09\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u7684148.45\u4ebf\u5143\u589e\u957f30.6%\uff1b3P\u4e1a\u52a1\u6536\u516516.68\u4ebf\u5143\uff08\u7ea62.39\u4ebf\u7f8e\u5143\uff09\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u768414.84\u4ebf\u5143\u589e\u957f12.4%\u3002<\/p>\n<p>\u4e07\u7269\u65b0\u751f\u96c6\u56e22025\u5e74non-GAAP\u7ecf\u8425\u5229\u6da65.6\u4ebf\u5143\uff08\u7ea67940\u4e07\u7f8e\u5143\uff09\uff08non-GAAP\u53e3\u5f84\uff0c\u5373\u7ecf\u8c03\u6574\u53e3\u5f84\uff0c\u5747\u4e0d\u542b\u5458\u5de5\u80a1\u6743\u6fc0\u52b1\u8d39\u7528\u3001\u65e0\u5f62\u8d44\u4ea7\u644a\u9500\u53ca\u56e0<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%94%b6%e8%b4%ad\" title=\"View all posts in \u6536\u8d2d\" target=\"_blank\" class=\"tag_link\">\u6536\u8d2d<\/a>\u4ea7\u751f\u7684\u9012\u5ef6\u6210\u672c\uff09\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u76844.1\u4ebf\u5143\u589e\u957f35.5%\uff0c\u5e76\u9996\u6b21\u5b9e\u73b0GAAP\u51c6\u5219\u4e0b\u5168\u9762\u76c8\u5229\uff0c\u5e74\u5ea6\u7ecf\u8425\u5229\u6da6\u548c\u51c0\u5229\u6da6\u5206\u522b\u4e3a4.6\u4ebf\u5143\uff08\u7ea66520\u4e07\u7f8e\u5143\uff09\u548c3.4\u4ebf\u5143\uff08\u7ea64810\u4e07\u7f8e\u5143\uff09\u3002<\/p>\n<p>2025\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e07\u7269\u65b0\u751f\u96c6\u56e2\u603b\u6536\u516562.5\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f29%\uff0c\u8d85\u51fa\u4e1a\u7ee9\u6307\u5f15\u9ad8\u7aef\uff1b\u5355\u5b63non-GAAP\u7ecf\u8425\u5229\u6da61.8\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f38.1%\u3002Non-GAAP\u51c0\u5229\u6da6\u8fbe1.4\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f14%\u3002<\/p>\n<p>\u4e07\u7269\u65b0\u751f\u8463\u4e8b\u4f1a\u4e3b\u5e2d\u3001\u9996\u5e2d\u6267\u884c\u5b98\u9648\u96ea\u5cf0\u8868\u793a\uff1a\u4e07\u7269\u65b0\u751f\u96c6\u56e22025\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u8d85\u9884\u671f\u8fbe\u6210\uff0c\u518d\u6b21\u53d6\u5f97\u65b0\u7684\u91cc\u7a0b\u7891\u3002\u5b63\u5ea6\u603b\u6536\u5165\u7a81\u7834\u6307\u5f15\u533a\u95f4\u9ad8\u7aef\uff0c\u540c\u6bd4\u589e\u957f29%\u81f362.5\u4ebf\u5143\u3002<\/p>\n<p>\u4e07\u7269\u65b0\u751f\u9996\u5e2d\u8d22\u52a1\u5b98\u9648\u6668\u8868\u793a\uff1a\u96c6\u56e2\u7b2c\u56db\u5b63\u5ea6\u7684non-GAAP\u7ecf\u8425\u5229\u6da6\u540c\u6bd4\u589e\u957f38.1%\u81f31.8\u4ebf\u5143\u3002<\/p>\n<p>\u4e07\u7269\u65b0\u751f2025\u5e74\u7b2c\u56db\u5b63\u5ea662.5\u4ebf\u5143\uff08\u7ea68.94\u4ebf\u7f8e\u5143\uff09\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u768448.49\u4ebf\u5143\u589e\u957f29%\u3002\u4ece\u8425\u6536\u7c7b\u522b\u6765\u770b\uff0c\u4e07\u7269\u65b0\u751f1P\uff08\u81ea\u8425\uff09\u4ea7\u54c1\u9500\u552e\u6536\u5165\u8fbe58.3\u4ebf\u5143\uff08\u7ea68.34\u4ebf\u7f8e\u5143\uff09\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u768444.61\u4ebf\u5143\u589e\u957f30.7%\uff1b\u4e07\u7269\u65b0\u751f3P\uff08\u5e73\u53f0\uff09\u670d\u52a1\u6536\u5165\u4e3a4.23\u4ebf\u5143\uff08\u7ea66050\u4e07\u7f8e\u5143\uff09\uff0c\u8f83\u4e0a\u5e74\u540c\u671f\u76843.89\u4ebf\u5143\u589e\u957f8.8%\u3002<\/p>\n<p>\u622a\u81f32025\u5e74\u672b\uff0c\u4e07\u7269\u65b0\u751f\u7ebf\u4e0b\u95e8\u5e97\u6570\u8fbe2195\u5bb6\uff0c\u8986\u76d6\u5168\u56fd298\u5ea7\u57ce\u5e02\u3002\u4e0a\u95e8\u56e2\u961f\u65e5\u5747\u4ea7\u5355\u4eba\u6570\u8fbe2154\u4eba\uff0c\u8fdb\u4e00\u6b65\u6269\u5927\u4e86\u9762\u5bf9\u9762\u4ea4\u4ed8\u7684\u8986\u76d6\u8303\u56f4\u3002<\/p>\n<p>2025\u5e74\u7b2c\u56db\u5b63\u5ea6\uff0c\u591a\u54c1\u7c7b\u56de\u6536\u4e1a\u52a1\u6574\u4f53\u56de\u6536GMV\u540c\u6bd4\u589e\u957f125.7%\uff0c\u5404\u54c1\u7c7b\u4e1a\u52a1\u89c4\u6a21\u52a0\u901f\u589e\u957f\u3002\u5176\u4e2d\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%bb%84%e9%87%91\" title=\"View all posts in \u9ec4\u91d1\" target=\"_blank\" class=\"tag_link\">\u9ec4\u91d1<\/a>\u56de\u6536\u4e1a\u52a1\u51ed\u501f\u900f\u660e\u7684\u4ef7\u683c\u4f53\u7cfb\u548c\u670d\u52a1\u53ef\u53ca\u6027\uff0c\u9ec4\u91d1\u56de\u6536GMV\u540c\u6bd4\u589e\u957f136.3%\u3002<\/p>\n<p>2025\u5e74\u7b2c\u56db\u5b63\u5ea6\uff0c\u5408\u89c4\u7ffb\u65b0\u4ea7\u54c1\u6536\u5165\u540c\u6bd4\u589e\u957f90.8%\u3002\u4f34\u968f\u4f18\u5148\u96f6\u552e\u7684\u64cd\u76d8<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%ad%96%e7%95%a5\" title=\"View all posts in \u7b56\u7565\" target=\"_blank\" class=\"tag_link\">\u7b56\u7565<\/a>\uff0c\u56db\u5b63\u5ea6\uff0c1PtoC\u4ea7\u54c1\u6536\u5165\u540c\u6bd4\u589e\u957f88%\uff0c1PtoC\u5360\u6bd4\u540c\u6bd4\u63d0\u534712.7\u4e2a\u767e\u5206\u70b9\u81f341.7%\u3002<\/p>\n<p>\u622a\u81f32025\u5e74\u672b\uff0c\u62cd\u673a\u5802\u6ce8\u518c\u7528\u6237\u6570\u8d85166\u4e07\u3002<\/p>\n<p>2025\u5e74\u7b2c\u56db\u5b63\u5ea6\uff0c\u62cd\u62cd\u5bc4\u5356\u4e1a\u52a1GMV\u540c\u6bd4\u589e\u957f253%\uff0c\u5360\u62cd\u62cd\u5e73\u53f0\u4e1a\u52a1GMV\u6bd4\u4f8b\u63d0\u5347\u81f324%\u3002<\/p>\n<\/p>\n<p>(\u6765\u6e90\uff1aDoNews)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DoNews3\u670811\u65e5\u6d88\u606f\uff0c\u4e8c\u624b\u6d88\u8d39\u7535\u5b50\u4ea7\u54c1\u4ea4\u6613\u548c\u670d\u52a1\u5e73\u53f0\u4e07\u7269\u65b0\u751f\uff08\u7231\u56de\u6536\uff09\u96c6\u56e2\uff08\u7ebd\u4ea4\u6240\u80a1\u7968\u4ee3\u7801\uff1aRERE\uff09\u4eca [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[266,103,88,51],"views":29,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/742939"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=742939"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/742939\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=742939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=742939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=742939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}