{"id":774139,"date":"2026-05-06T16:24:48","date_gmt":"2026-05-06T08:24:48","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=774139"},"modified":"2026-05-06T16:24:48","modified_gmt":"2026-05-06T08:24:48","slug":"%e3%80%90ipo%e8%bf%bd%e8%b9%a4%e3%80%91%e9%ab%98%e4%bd%8d%e5%9b%9e%e8%90%bd60%ef%bc%81%e9%87%8f%e5%8c%96%e6%b4%be%ef%bc%8802685-hk%ef%bc%89%e6%9c%88%e5%ba%95%e8%a7%a3%e7%a6%81%e5%86%8d%e8%87%a8","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=774139","title":{"rendered":"\u3010IPO\u8ffd\u8e64\u3011\u9ad8\u4f4d\u56de\u843d60%\uff01\u91cf\u5316\u6d3e\uff0802685.HK\uff09\u6708\u5e95\u89e3\u7981\u518d\u81e8\u8003\u9a57\u539f\u5275"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>\n<h1>\u3010<a href=\"https:\/\/www.alphaseek.cn\/?tag=ipo\" title=\"View all posts in IPO\" target=\"_blank\" class=\"tag_link\">IPO<\/a>\u8ffd\u8e64\u3011\u9ad8\u4f4d\u56de\u843d60%\uff01\u91cf\u5316\u6d3e\uff0802685.HK\uff09\u6708\u5e95\u89e3\u7981\u518d\u81e8\u8003\u9a57<\/p>\n<div>\u539f\u5275<\/div>\n<\/h1>\n<p>                                <a href=\"https:\/\/www.finet.hk\/newscenter\/print_content\/69faddae230829f8b6e79d5c\" target=\"_blank\" rel=\"noopener\"><i title=\"\u6253\u5370\"><\/i><\/a>                            <\/div>\n<div>\n<div>\n<div>                                                                                      <span>\u65e5\u671f\uff1a<\/span>                                              <span>2026\u5e745\u67086\u65e5 \u4e0b\u53482:18<\/span>                                                                              <\/div>\n<\/p><\/div>\n<div>                                                                          <a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/javascript:void(0)\" data-title=\"\u3010IPO\u8ffd\u8e64\u3011\u9ad8\u4f4d\u56de\u843d60%\uff01\u91cf\u5316\u6d3e\uff0802685.HK\uff09\u6708\u5e95\u89e3\u7981\u518d\u81e8\u8003\u9a57\" data-description=\"5\u67086\u65e5\uff0c\u570b\u5167\u7dda\u4e0a\u5e02\u5834\u904b\u71df\u5546\u2014\u2014\u91cf\u5316\u6d3e\uff0802685.HK\uff09\u5ef6\u7e8c\u56de\u8abf\u614b\u52e2\uff0c\u622a\u81f3\u767c\u7a3f\uff0c\u80a1\u50f9\u4e0b\u8dcc10.46%\uff0c\u583117.37\u6e2f\u5143\/\u80a1\uff0c\u516c\u53f8\u7e3d\u5e02\u503c\u7e2e\u6c34\u81f389.47\u5104\u6e2f\u5143\u3002\" data-image=\"https:\/\/images.finet.hk\/photoLib\/title\/202605_1\/da348526-a89c-4444-81e8-05429cc5ec45.png\" data-returnurl=\"https:\/\/www.finet.hk\/newscenter\/news_content\/69faddae230829f8b6e79d5c\" data-href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/69faddae230829f8b6e79d5c\" 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<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div><\/div>\n<div>\n<p>5\u67086\u65e5\uff0c\u570b\u5167\u7dda<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>\u5834\u904b\u71df\u5546--\u91cf\u5316\u6d3e\uff08<a href='https:\/\/www.finet.hk\/search?searchbar=02685.HK'>02685.HK<\/a>\uff09\u5ef6\u7e8c\u56de\u8abf\u614b\u52e2\uff0c\u622a\u81f3\u767c\u7a3f\uff0c\u80a1\u50f9\u4e0b\u8dcc10.46%\uff0c\u583117.37\u6e2f\u5143\/\u80a1\uff0c\u516c\u53f8\u7e3d\u5e02\u503c\u7e2e\u6c34\u81f389.47\u5104\u6e2f\u5143\u3002<\/p>\n<p><img loading=\"lazy\" height=\"694\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202605_1\/a72c4e26-e46b-4616-b1e4-25277b92da47.png\" width=\"943\" alt=\"\u3010IPO\u8ffd\u8e64\u3011\u9ad8\u4f4d\u56de\u843d60%\uff01\u91cf\u5316\u6d3e\uff0802685.HK\uff09\u6708\u5e95\u89e3\u7981\u518d\u81e8\u8003\u9a57\u539f\u5275\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p>2025\u5e7411\u670827\u65e5\u91cf\u5316\u6d3e\u767b\u9678<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>\uff0c\u4e0a\u5e02\u521d\u671f\u5176\u7d93\u6b77\u4e86\u5feb\u901f\u4e0a\u6f32\uff0c2026\u5e743\u670810\u65e5\u5275\u4e0b43.36\u6e2f\u5143\u7684\u9ad8\u9ede\u5f8c\uff0c\u80a1\u50f9\u958b\u555f\u300c\u4e0b\u5761\u8def\u300d\uff0c\u4e0d\u5230\u5169\u500b\u6708\u6642\u9593\u7d2f\u8a08\u4e0b\u8dcc\u7d0460%\u3002<\/p>\n<p>\u5f9e\u5e02\u5834\u53cd\u994b\u4f86\u770b\uff0c<strong>\u9019\u8f2a\u80a1\u50f9\u56de\u8abf\u4e26\u975e\u55ae\u4e00\u56e0\u7d20\u89f8\u767c\uff0c\u800c\u662f\u76e3\u7ba1\u58d3\u529b\u3001\u696d\u7e3e\u542b\u91d1\u91cf\u4e0d\u8db3\u3001\u89e3\u7981\u58d3\u9802\uff0c\u4ee5\u53ca\u4e0a\u5e02\u521d\u671f\u5229\u597d\u514c\u73fe\u5f8c\u4f30\u503c\u56de\u6b78\u7b49\u591a\u91cd\u56e0\u7d20\u4ea4\u7e54\u7684\u7d50\u679c<\/strong>\u3002<\/p>\n<p>3\u670813\u65e5\uff0c\u570b\u5bb6\u91d1\u878d\u76e3\u7ba1\u7e3d\u5c40\u767c\u767c\u6587\uff0c\u660e\u78ba\u9ede\u540d\u300c\u8cfc\u7269\u5206\u671f\u3001\u56de\u6536\u5957\u73fe\u300d\u8b8a\u76f8\u653e\u8cb8\u7684\u9055\u898f\u884c\u70ba\u3002<strong>\u8ca1\u901a\u793e\u5831\u9053\u6307\u51fa\uff0c<\/strong>\u7531\u65bc\u91cf\u5316\u6d3e\u65d7\u4e0b\u300c\u7f8a\u5c0f\u54a9\u300d\u5546\u57ce\u7684\u904b\u71df\u6a21\u5f0f\u8207\u4e0a\u8ff0\u63cf\u8ff0\u5b58\u5728\u8f03\u9ad8\u76f8\u4f3c\u6027\uff0c\u5e02\u5834\u8fc5\u901f\u5c07\u76e3\u7ba1\u95dc\u6ce8\u8207\u516c\u53f8\u806f\u7e6b\u8d77\u4f86\u3002<\/p>\n<p>3\u670813\u65e5\u81f317\u65e5\u4e09\u500b\u4ea4\u6613\u65e5\uff0c\u91cf\u5316\u6d3e\u80a1\u50f9\u7d2f\u8a08\u4e0b\u8dcc17.53%\u3002<\/p>\n<p>\u516c\u958b\u8cc7\u6599\u986f\u793a\uff0c\u91cf\u5316\u6d3e\u7684\u6838\u5fc3\u5b9a\u4f4d\u662f\u570b\u5167\u6d88\u8cbb\u9818\u57df\u7dda\u4e0a\u5e02\u5834\u904b\u71df\u5546\uff0c\u4ee5\u81ea\u4e3b\u7814\u767c\u7684\u300c\u91cf\u661f\u7403\u300dAI\u6280\u8853\u5e73\u53f0\u70ba\u6838\u5fc3\uff0c\u5728\u667a\u80fd\u63a8\u85a6\u3001\u7cbe\u6e96\u5206\u767c\u8207\u7528\u6236\u904b\u71df\u4e0a\u5f62\u6210\u5dee\u7570\u5316\u512a\u52e2\uff0c\u70ba\u5408\u4f5c\u65b9\u63d0\u4f9b\u6d41\u91cf\u7372\u53d6\u3001\u5ba2\u6236\u7ba1\u7406\u7b49\u5168\u93c8\u8def\u6578\u5b57\u5316\u652f\u6301\u3002<\/p>\n<p>2025\u5e74\uff0c\u91cf\u5316\u6d3e<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>\u6027\u5730\u6c7a\u5b9a\u5c07\u5176\u91cd\u9ede\u66f4\u591a\u5730\u8f49\u5411\u5176\u6838\u5fc3\u96fb\u5b50\u5546\u52d9\u696d\u52d9\u3002\u5e74\u5167\u65d7\u4e0b\u6d88\u8cbb\u96fb\u5546\u5e73\u53f0\u300c\u7f8a\u5c0f\u54a9\u300d\u5168\u5e74GMV\u7a81\u7834100\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957730.59%\uff1b\u622a\u81f32025\u5e74\u672b\uff0c\u5e73\u53f0\u7d2f\u8a08\u8a3b\u518a\u7528\u6236\u90546365\u842c\uff0c\u53bb\u5e74\u5168\u5e74\u6de8\u589e687\u842c\uff0c\u5e73\u81fa\u6708\u6d3b\u8e8d\u7528\u6236\u905492\u842c\u4eba\uff0c\u6b21\u6708\u5fa9\u8cfc\u7387\u63d0\u5347\u81f335.88%\u3002<\/p>\n<p><img loading=\"lazy\" height=\"578\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202605_1\/4e5120f3-374a-441c-adda-97987db8e9ab.png\" width=\"961\" alt=\"\u3010IPO\u8ffd\u8e64\u3011\u9ad8\u4f4d\u56de\u843d60%\uff01\u91cf\u5316\u6d3e\uff0802685.HK\uff09\u6708\u5e95\u89e3\u7981\u518d\u81e8\u8003\u9a57\u539f\u5275\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p>\u8207\u4e4b\u5c0d\u61c9\uff0c\u5e74\u5167\u300c\u7f8a\u5c0f\u54a9\u300d\u8ca2\u737b\u7684\u6536\u5165\u5360\u516c\u53f8\u7e3d\u6536\u5165\u7684\u6bd4\u91cd\uff0c\u5f9e\u4e0a\u5e74\u768493.2%\u63d0\u5347\u81f399.0%\uff0c\u5e7e\u4e4e\u6490\u8d77\u4e86\u516c\u53f8\u7684\u5168\u90e8\u71df\u6536\u3002<\/p>\n<p><strong>\u4f46\u4eae\u773c\u6578\u64da\u80cc\u5f8c\uff0c\u662f\u696d\u7e3e\u542b\u91d1\u91cf\u4e0d\u8db3\u7684\u96b1\u6182<\/strong>\u30022025\u5e74\u8ca1\u5831\u986f\u793a\uff0c\u91cf\u5316\u6d3e\u5be6\u73fe\u71df\u653610.35\u5104\u5143\uff0c\u540c\u6bd4\u50c5\u589e\u95774.21%\uff0c\u589e\u901f\u8f03\u4e0a\u5e74\u540c\u671f\uff0887.48%\uff09\u986f\u8457\u653e\u7de9\uff1b\u6b78\u6bcd\u6de8\u5229\u6f641.95\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957732.64%\uff1b\u6574\u9ad4\u6bdb\u5229\u7387\u5247\u5f9e\u4e0a\u5e74\u768496.9%\u964d\u81f395.4%\u3002<\/p>\n<p>\u9700\u8981\u8b66\u60d5\u7684\u662f\uff0c\u516c\u53f8\u7d93\u71df\u6d3b\u52d5\u73fe\u91d1\u6de8\u984d\u540c\u6bd4\u5927\u5e45\u4e0b\u6ed149.72%\uff0c\u50c5\u70ba1.04\u5104\u5143\u3002\u9019\u4e00\u6578\u64da\u8fd1\u4e4e\u300c\u8170\u65ac\u300d\uff0c\u610f\u5473\u8457\u516c\u53f8\u4e3b\u696d\u9020\u8840\u80fd\u529b\u5927\u5e45\u6e1b\u5f31\u3002<\/p>\n<p><strong>\u96ea\u4e0a\u52a0\u971c\u7684\u662f\uff0c\u89e3\u7981\u671f\u7684\u81e8\u8fd1\uff0c\u4e5f\u9032\u4e00\u6b65\u653e\u5927\u4e86\u80a1\u50f9\u77ed\u671f\u8abf\u6574\u98a8\u96aa<\/strong>\u3002<\/p>\n<p><img loading=\"lazy\" height=\"779\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202605_1\/cb3a330d-3157-4bc4-8aba-9c488852dc92.png\" width=\"836\" alt=\"\u3010IPO\u8ffd\u8e64\u3011\u9ad8\u4f4d\u56de\u843d60%\uff01\u91cf\u5316\u6d3e\uff0802685.HK\uff09\u6708\u5e95\u89e3\u7981\u518d\u81e8\u8003\u9a57\u539f\u5275\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p>\u64da\u516c\u53f8\u516c\u544a\uff0c\u91cf\u5316\u6d3e\u63a7\u80a1\u80a1\u6771\u6240\u6301\u9650\u552e\u80a1\u4efd\u9396\u5b9a\u671f\u5206\u5225\u81f32026\u5e745\u670826\u65e5\u30012026\u5e7411\u670826\u65e5\u53ca2027\u5e741\u670826\u65e5\u3002\u5176\u4e2d\uff0c\u9996\u6279\u9650\u552e\u80a1\u4efd\u5c07\u65bc2026\u5e745\u670826\u65e5\uff08\u5468\u4e8c\uff09\u5c46\u6eff\uff0c\u4e26\u81ea5\u670827\u65e5\uff08\u5468\u4e09\uff09\u8d77\u6b63\u5f0f\u89e3\u7981\u6d41\u901a\u3002<\/p>\n<p>\u76ee\u524d\uff0c\u91cf\u5316\u6d3e\u63a7\u80a1\u80a1\u6771\u6240\u6301\u9650\u552e\u80a1\u4efd\u7d041.69\u5104\u80a1\uff0c\u5360\u4e0a\u5e02\u5f8c\u7981\u552e\u7e3d\u80a1\u672c\u6bd4\u4f8b33.03%\uff0c\u6309\u7576\u524d\u80a1\u50f9\u4f30\u7b97\uff0c\u5c0d\u61c9\u5e02\u503c\u7d0429.3\u5104\u6e2f\u5143\uff0c\u5f8c\u7e8c\u5206\u6279\u89e3\u7981\u7684\u6f5b\u5728\u62cb\u58d3\u4e0d\u5bb9\u5c0f\u89b7\u3002<\/p>\n<p>\u6709\u5206\u6790\u8a8d\u70ba\uff0c\u91cf\u5316\u6d3e\u7576\u524d\u6b63\u8655\u65bc\u300c\u5167\u6182\u5916\u60a3\u300d\u4e2d\uff1a\u76e3\u7ba1\u9ad8\u58d3\u4e0b\u6838\u5fc3\u696d\u52d9\u5408\u898f\u6027\u5b58\u7591\uff0c\u696d\u7e3e\u589e\u901f\u653e\u7de9\u4e14\u73fe\u91d1\u6d41\u627f\u58d3\uff0c\u758a\u52a0\u89e3\u7981\u5728\u5373\u53ef\u80fd\u7684\u62cb\u552e\u58d3\u529b\uff0c\u77ed\u671f\u80a1\u50f9\u6050\u96e3\u4ee5\u64fa\u812b\u56de\u8abf\u614b\u52e2\u3002<\/p>\n<p>(\u6765\u6e90:\u8d22\u534e\u793e)                          <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div><a href=\"https:\/\/www.finet.hk\/search?searchbar=%E9%87%8F%E5%8C%96%E6%B4%BE\">\u91cf\u5316\u6d3e<\/a> <a href=\"https:\/\/www.finet.hk\/search?searchbar=%E6%AC%A1%E6%96%B0%E8%82%A1\">\u6b21\u65b0\u80a1<\/a> <a href=\"https:\/\/www.finet.hk\/search?searchbar=%E8%A7%A3%E7%A6%81\">\u89e3\u7981<\/a> <\/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\/69fad712230829f8b6e79d5b\">\u3010IPO\u8ffd\u8e64\u3011\u5168\u7403\u534a\u5c0e\u9ad4\u98a8\u66b4\u4f86\u8972\uff0c\u703e\u8d77\u79d1\u6280\uff0806809.HK\uff09\u6f32\u8d8518%<\/a>                    <\/div>\n<div>                                              <\/div>\n<\/p><\/div>\n<div>\n<h3>\u76f8\u95dc\u6587\u7ae0<\/h3>\n<dl>\n<dt>31\u5206\u9418\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/69fad712230829f8b6e79d5b\">\u3010IPO\u8ffd\u8e64\u3011\u5168\u7403\u534a\u5c0e\u9ad4\u98a8\u66b4\u4f86\u8972\uff0c\u703e\u8d77\u79d1\u6280\uff0806809.HK\uff09\u6f32\u8d8518%<\/a><\/dd>\n<dt>22\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a 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