{"id":782031,"date":"2026-05-19T10:05:05","date_gmt":"2026-05-19T02:05:05","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=782031"},"modified":"2026-05-19T10:05:05","modified_gmt":"2026-05-19T02:05:05","slug":"%e3%80%90ipo%e8%bf%bd%e8%b9%a4%e3%80%91%e7%91%9e%e5%8d%9a%e7%94%9f%e7%89%a9%ef%bc%8806938-hk%ef%bc%89%e7%a0%b4%e7%99%bc%e6%8b%89%e9%8b%b8%e6%88%b0%ef%bc%8c%e5%b0%8f%e6%a0%b8%e9%85%b8%e9%be%8d%e9%a0%ad","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=782031","title":{"rendered":"\u3010IPO\u8ffd\u8e64\u3011\u745e\u535a\u751f\u7269\uff0806938.HK\uff09\u7834\u767c\u62c9\u92f8\u6230\uff0c\u5c0f\u6838\u9178\u9f8d\u982d\u9047\u51b7\uff1f\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\u745e\u535a\u751f\u7269\uff0806938.HK\uff09\u7834\u767c\u62c9\u92f8\u6230\uff0c\u5c0f\u6838\u9178\u9f8d\u982d\u9047\u51b7\uff1f<\/p>\n<div>\u539f\u5275<\/div>\n<\/h1>\n<p>                                <a href=\"https:\/\/www.finet.hk\/newscenter\/print_content\/6a0bc58a230829f25cfeb788\" 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\u670819\u65e5 \u4e0a\u534810:04<\/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\u745e\u535a\u751f\u7269\uff0806938.HK\uff09\u7834\u767c\u62c9\u92f8\u6230\uff0c\u5c0f\u6838\u9178\u9f8d\u982d\u9047\u51b7\uff1f\" data-description=\"5\u670819\u65e5\uff0c\u570b\u5167\u5c0f\u6838\u9178\u9818\u8ecd\u8005\u745e\u535a\u751f\u7269\uff0806938.HK)\u6b63\u9762\u81e8\u7834\u767c\u7684\u56f0\u5883\u3002\u81ea3\u6708\u4efd\u8dcc\u7834\u767c\u884c\u50f9\u4ee5\u4f86\uff0c\u745e\u535a\u751f\u7269\u80a1\u50f9\u96e3\u6709\u8d77\u8272\uff0c\u4e00\u76f4\u5728\u7834\u9aee\u908a\u7de3\u53cd\u5fa9\u6a6b\u8df3\uff0c18\u65e5\u80a1\u50f9\u6700\u4f4e\u4e0b\u63a2\u81f356.8\u6e2f\u5143\uff0c\u64ca\u7a7f57.97\u6e2f\u5143\u767c\u884c\u50f9\uff0c19\u65e5\u958b\u76e4\u53c8\u4e0a\u6f32\u81f359.2\u6e2f\u5143\/\u80a1\u3002\" data-image=\"https:\/\/images.finet.hk\/photoLib\/title\/202605_1\/c091591d-8eee-4de2-b21e-ab77e71b2c54.png\" data-returnurl=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0bc58a230829f25cfeb788\" data-href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0bc58a230829f25cfeb788\" 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\u670819\u65e5\uff0c\u570b\u5167\u5c0f\u6838\u9178\u9818\u8ecd\u8005\u745e\u535a\u751f\u7269\uff08<a href='https:\/\/www.finet.hk\/search?searchbar=06938.HK'>06938.HK<\/a>)\u6b63\u9762\u81e8\u7834\u767c\u7684\u56f0\u5883\u3002\u81ea3\u6708\u4efd\u8dcc\u7834\u767c\u884c\u50f9\u4ee5\u4f86\uff0c\u745e\u535a\u751f\u7269\u80a1\u50f9\u96e3\u6709\u8d77\u8272\uff0c\u4e00\u76f4\u5728\u7834\u9aee\u908a\u7de3\u53cd\u5fa9\u6a6b\u8df3\uff0c18\u65e5\u80a1\u50f9\u6700\u4f4e\u4e0b\u63a2\u81f356.8\u6e2f\u5143\uff0c\u64ca\u7a7f57.97\u6e2f\u5143\u767c\u884c\u50f9\uff0c19\u65e5\u958b\u76e4\u53c8\u4e0a\u6f32\u81f359.2\u6e2f\u5143\/\u80a1\u3002<\/p>\n<p>\u9019\u7a2e\u53cd\u5fa9\u6a6b\u8df3\u7684\u884c\u60c5\u6700\u70ba\u8003\u9a57\u6295\u8cc7\u8005\u8010\u5fc3\u3002\u80a1\u50f9\u5728\u767c\u884c\u50f9\u4e0a\u4e0b\u7a84\u5e45\u9707\u76ea\uff0c\u65e2\u7121\u7a81\u7834\u52d5\u80fd\uff0c\u4e5f\u96e3\u898b\u652f\u6490\u529b\u5ea6\uff0c\u53ef\u898b\u5e02\u5834\u6295\u8cc7\u8005\u591a\u4ee5\u89c0\u671b\u70ba\u4e3b\u3002<\/p>\n<p><img loading=\"lazy\" height=\"720\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202605_1\/fa8a59e8-0409-4754-9bfb-8b4150d5f941.png\" width=\"1018\" alt=\"\u3010IPO\u8ffd\u8e64\u3011\u745e\u535a\u751f\u7269\uff0806938.HK\uff09\u7834\u767c\u62c9\u92f8\u6230\uff0c\u5c0f\u6838\u9178\u9f8d\u982d\u9047\u51b7\uff1f\u539f\u5275\" style=\"display:block; margin-left:auto; margin-right:auto; \" \/><\/p>\n<p>\u56de\u6eaf\u8d70\u52e2\uff0c\u745e\u535a\u751f\u7269\u582a\u7a31\u300c<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>\u5373\u5dd4\u5cf0\u300d\u7684\u5178\u578b\u30022026\u5e741\u67089\u65e5\uff0c\u516c\u53f8\u6b63\u5f0f\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>\u3002\u4e0a\u5e02\u9996\u65e5\uff0c\u8a72\u80a1\u4e00\u8def\u885d\u9ad8\uff0c\u6536\u76e4\u5927\u6f3241.62%\uff1b\u6b21\u65e5\u5ef6\u7e8c\u5f37\u52e2\uff0c\u518d\u6f325.72%\uff0c\u76e4\u4e2d\u5275\u4e0b95.8\u6e2f\u5143\/\u80a1\u7684\u6b77\u53f2\u9ad8\u9ede\u3002<\/p>\n<p>\u4f46\u597d\u666f\u4e0d\u9577\uff0c\u89f8\u53ca\u9ad8\u9ede\u5f8c\uff0c\u8a72\u80a1\u884c\u60c5\u8fc5\u901f\u53cd\u8f49\uff0c\u9032\u5165\u9707\u76ea\u9670\u8dcc\u901a\u9053\u3002\u622a\u81f3\u76ee\u524d\uff0c\u745e\u535a\u751f\u7269\u80a1\u50f9\u8f03\u9ad8\u9ede\u8dcc\u8fd138%\uff0c\u5e74\u5167\u7d2f\u8a08\u6f32\u5e45\u50c5\u67093.93%\u3002<\/p>\n<p>\u6709\u5206\u6790\u6307\u51fa\uff0c\u80a1\u50f9\u5927\u5e45\u6ce2\u52d5\u7684\u80cc\u5f8c\uff0c\u5118\u7ba1\u516c\u53f8\u64c1\u6709BD\u5408\u4f5c\u6240\u5e36\u4f86\u7684\u5229\u597d\u56e0\u7d20\uff0c\u4f46\u7531\u65bc<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%9f%ba%e6%9c%ac%e9%9d%a2\" title=\"View all posts in \u57fa\u672c\u9762\" target=\"_blank\" class=\"tag_link\">\u57fa\u672c\u9762<\/a>\u652f\u6490\u7684\u6301\u7e8c\u7f3a\u5931\uff0c\u5c1a\u672a\u6709\u4efb\u4f55\u4e00\u6b3e\u7522\u54c1\u7372\u5f97\u4e0a\u5e02\u6279\u51c6\uff0c\u9019\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u524a\u5f31\u4e86\u5e02\u5834\u7684\u9810\u671f\u8207\u4fe1\u5fc3\u3002<\/p>\n<p>\u4f5c\u70ba\u6df1\u8015\u5c0f\u6838\u9178\u7642\u6cd5\u8cfd\u9053\u7684\u5275\u65b0\u85e5\u4f01\uff0c\u745e\u535a\u751f\u7269\u4e3b\u8981\u805a\u7126\u65bc\u5c0f\u5e72\u64feRNA(siRNA)\u85e5\u7269\u7814\u767c\uff0c\u76ee\u524d\u5df2\u67097\u6b3e\u81ea\u7814\u5019\u9078\u85e5\u7269\u9032\u5165\u81e8\u5e8a\u968e\u6bb5\uff0c\u53e6\u670920\u500b\u8a08\u5283\u63a8\u9032\u5230\u81e8\u5e8a\u958b\u767c\u968e\u6bb5\u7684\u81e8\u5e8a\u524d\u9805\u76ee\u3002<\/p>\n<p><strong>\u8fd1\u5e74\u4f86\uff0c\u5c0f\u6838\u9178\u8cfd\u9053\u8fce\u4f86\u9ad8\u901f\u767c\u5c55\u98a8\u53e3<\/strong>\u3002\u6839\u64da\u5f17\u82e5\u65af\u7279\u6c99\u5229\u6587\u6e2c\u7b97\uff0c\u96a8\u8457\u6280\u8853\u6301\u7e8c\u8fed\u4ee3\u3001\u9069\u61c9\u75c7\u6301\u7e8c\u62d3\u5c55\u3001\u653f\u7b56\u5927\u529b\u652f\u6301\u7b49\u591a\u91cd\u56e0\u7d20\u5171\u632f\uff0c\u5168\u7403\u5c0f\u6838\u9178\u85e5\u7269\u5e02\u5834\u898f\u6a21\u5feb\u901f\u64f4\u5f35\uff0c2024\u5e74\u5e02\u5834\u898f\u6a21\u905457\u5104\u7f8e\u5143\uff0c\u9810\u6e2c2034\u5e74\u5c07\u98c6\u5347\u81f3549\u5104\u7f8e\u5143\u3002\u5176\u4e2d\uff0cSiRNA\u85e5\u7269\u5360\u6bd4\u5df2\u5f9e2019\u5e74\u76846.2%\u63d0\u5347\u81f32024\u5e74\u768444.5%\uff0c\u672a\u4f86\u6709\u671b\u7e7c\u7e8c\u4fdd\u6301\u5f37\u52c1\u589e\u9577\u52e2\u982d\u3002<\/p>\n<p>\u9ad8\u666f\u6c23\u5ea6\u4e0b\uff0c\u745e\u535a\u751f\u7269\u9054\u6210\u591a\u8d77\u91cd\u78c5BD\u5408\u4f5c\uff1a2023\u5e74\u8207\u52c3\u6797\u683c\u6bb7\u683c\u7ff0\u3001\u9f4a\u9b6f\u88fd\u85e5\u9054\u6210\u5408\u4f5c\uff0c\u7e3d\u4ea4\u6613\u50f9\u503c\u8d8520\u5104\u7f8e\u5143\uff1b\u4eca\u5e74\u5e74\u521d\u53c8\u8207\u7f8e\u570bMadrigal\u516c\u53f8\u9054\u621044\u5104\u7f8e\u5143\u5168\u7403\u7368\u5bb6\u8a31\u53ef\u5354\u8b70\u3002<\/p>\n<p><strong>\u6709\u6295\u8cc7\u8005\u6307\u51fa\uff0cBD\u5408\u4f5c\u7684\u5149\u9bae\u6558\u4e8b\uff0c\u96e3\u63a9\u5176\u7d93\u71df\u5c64\u9762\u4e0a\u7684\u5c37\u5c2c\u3002\u300c\u7121\u5546\u696d\u5316\u4e0a\u5e02\u7522\u54c1\u3001\u9023\u5e74\u8667\u640d\u300d\u6210\u70ba\u58d3\u5728\u745e\u535a\u751f\u7269\u8eab\u4e0a\u7684\u5169\u5ea7\u5927\u5c71<\/strong>\u3002<\/p>\n<p>\u6578\u64da\u986f\u793a\uff0c2025\u5e74\uff0c\u745e\u535a\u751f\u7269\u5be6\u73fe\u71df\u65361.49\u5104\u5143\uff08\u55ae\u4f4d\u4eba\u6c11\u5e63\uff0c\u4e0b\u540c\uff09\uff0c\u540c\u6bd4\u589e\u95774.12%\u3002\u76ee\u524d\u516c\u53f8\u6536\u5165\u4e3b\u8981\u4f86\u81ea\u6230\u7565\u5408\u4f5c\u91cc\u7a0b\u7891\u4ed8\u6b3e\uff08\u6ce8\uff1a\u52c3\u6797\u683c\u6bb7\u683c\u7ff0\u5408\u4f5c\u53ca\u8208\u535a\u6f64\u92b7\u552e\u6838\u82f7\u55ae\u9ad4\u76f8\u95dc\u7522\u54c1\u6240\u7522\u751f\u7684\u6536\u5165\u589e\u52a0\uff09\uff0c\u516c\u53f8\u5c1a\u672a\u7372\u5f97\u4efb\u4f55\u5019\u9078\u85e5\u7269\u7684\u4e0a\u5e02\u6279\u51c6\u3002<\/p>\n<p>\u5728\u76c8\u5229\u7aef\uff0c\u7531\u65bc\u5c1a\u7121\u5546\u696d\u5316\u7522\u54c1\u6536\u5165\uff0c\u745e\u535a\u751f\u7269\u9577\u671f\u8655\u65bc\u8667\u640d\u72c0\u614b\u30022025\u5e74\uff0c\u516c\u53f8\u6b78\u6bcd\u6de8\u8667\u640d2.78\u5104\u5143\uff0c\u540c\u6bd4\u64f4\u59272.93%\u3002<\/p>\n<p><img loading=\"lazy\" height=\"646\" src=\"https:\/\/images.finet.hk\/photoLib\/content\/202605_1\/dbf35564-e546-4056-8ae9-78d90355ace5.png\" width=\"1101\" alt=\"\u3010IPO\u8ffd\u8e64\u3011\u745e\u535a\u751f\u7269\uff0806938.HK\uff09\u7834\u767c\u62c9\u92f8\u6230\uff0c\u5c0f\u6838\u9178\u9f8d\u982d\u9047\u51b7\uff1f\u539f\u5275\" style=\"display:block; margin-left:auto; margin-right:auto; \" 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                         <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div><a href=\"https:\/\/www.finet.hk\/search?searchbar=%E7%91%9E%E5%8D%9A%E7%94%9F%E7%89%A9\">\u745e\u535a\u751f\u7269<\/a> <a href=\"https:\/\/www.finet.hk\/search?searchbar=%E7%94%9F%E7%89%A9%E9%86%AB%E8%97%A5\">\u751f\u7269\u91ab\u85e5<\/a> <a href=\"https:\/\/www.finet.hk\/search?searchbar=%E5%B0%8F%E6%A0%B8%E9%85%B8%E8%97%A5%E7%89%A9\">\u5c0f\u6838\u9178\u85e5\u7269<\/a> <a href=\"https:\/\/www.finet.hk\/search?searchbar=IPO%E8%BF%BD%E8%B9%A4\">IPO\u8ffd\u8e64<\/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\/6a0bc197230829f25cfeb786\">\u4e00\u5716\u89e3\u78bc\uff1a\u6e2f\u80a1IPO\u4e00\u5468\u56de\u9867 19\u5bb6\u516c\u53f8\u905e\u8868 \u5291\u6cf0\u79d1\u6280\u9996\u639b\u6f32\u903e173%<\/a>                    <\/div>\n<div>                                              <\/div>\n<\/p><\/div>\n<div>\n<h3>\u76f8\u95dc\u6587\u7ae0<\/h3>\n<dl>\n<dt>20\u5206\u9418\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0bc197230829f25cfeb786\">\u4e00\u5716\u89e3\u78bc\uff1a\u6e2f\u80a1IPO\u4e00\u5468\u56de\u9867 19\u5bb6\u516c\u53f8\u905e\u8868 \u5291\u6cf0\u79d1\u6280\u9996\u639b\u6f32\u903e173%<\/a><\/dd>\n<dt>14\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0b003d230829a7b0028366\">\u5c0d\u6a19\u884c\u696d\u9f8d\u982d\u5148\u5c0e\u667a\u80fd\uff0c\u683c\u6797\u665f\u6e2f\u80a1IPO\u50f9\u503c\u89c0\u5bdf<\/a><\/dd>\n<dt>14\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0af8e1230829a7b0028364\">\u3010IPO\u901f\u905e\u3011\u4e09\u95d6\u6e2f\u80a1\uff01\u4e2d\u9f0e\u667a\u80fd\u696d\u7e3e\u7a69\u589e\uff0c\u6975\u5ea6\u4f9d\u8cf4\u65b0\u80fd\u6e90\u884c\u696d<\/a><\/dd>\n<dt>15\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0af43b230829a7b0028363\">\u3010IPO\u901f\u905e\u3011\u9999\u6e2f\u85e5\u599d\u96f6\u552e\u5546\u9f8d\u8c50\u96c6\u5718\uff1a\u5de6\u624b\u5927\u984d\u5206\u7d05\uff0c\u53f3\u624b\u8981\u52df\u8cc7\u9084\u50b5<\/a><\/dd>\n<dt>18\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0abef2230829a7b0028350\">AI\u7b97\u529b\u7684\u300c\u5e55\u5f8c\u82f1\u96c4\u300d\uff1f\u5b8f\u548c\u79d1\u6280\u8d74\u6e2fIPO\u6df1\u5ea6\u89e3\u6790<\/a><\/dd>\n<dt>19\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0ab659230829a7b002834a\">\u3010IPO\u901f\u905e\u3011\u85e5\u7269\u8f38\u9001\u9f8d\u982d\u5b89\u5f97\u91ab\u7642\u95d6\u6e2f\u80a1\uff0c\u6536\u5165\u5169\u5e74\u9023\u964d\u3001\u9023\u7e8c\u4e09\u5e74\u5206\u7d05<\/a><\/dd>\n<dt>20\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0aa801230829a7b0028342\">\u3010IPO\u8ffd\u8e64\u3011\u555f\u52d5\u62db\u80a1\uff01\u96f2\u82f1\u8c37\u79d1\u6280\uff0803310.HK\uff09\u7372\u96d9\u57fa\u77f3\u8b77\u822a<\/a><\/dd>\n<dt>22\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0a860f230829a7b002833a\">\u3010IPO\u8ffd\u8e64\u3011\u6e2f\u80a1\u300c\u8d85\u8cfc\u738b\u300d\u767b\u5834\uff01\u7ffc\u83f2\u79d1\u6280\uff0806871.HK\uff09\u4e0a\u5e02\u6f32\u8d8586%<\/a><\/dd>\n<dt>22\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0a8541230829a7b0028338\">\u3010IPO\u8ffd\u8e64\u3011\u4e94\u4e00\u8996\u754c\uff0806651.HK\uff09\u98c6\u6f3223%\uff0c\u5b6b\u5b87\u6668\u558a\u8a71\u300c\u7269\u7406AI\u300d<\/a><\/dd>\n<dt>23\u5c0f\u6642\u524d<br \/><span><\/span><\/dt>\n<dd><a href=\"https:\/\/www.finet.hk\/newscenter\/news_content\/6a0a7c07230829a7b002832f\">\u3010IPO\u8ffd\u8e64\u3011\u4e09\u80a1\u540c\u65e5\u555f\u52d5\u62db\u80a1\uff01\u83ef\u66e6\u9054\uff0800901.HK\uff09\u6de8\u7c4c\u8fd16\u5104\u6e2f\u5143<\/a><\/dd>\n<\/dl><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u3010IPO\u8ffd\u8e64\u3011\u745e\u535a\u751f\u7269\uff0806938.HK\uff09\u7834\u767c\u62c9\u92f8\u6230\uff0c\u5c0f\u6838\u9178\u9f8d\u982d\u9047\u51b7\uff1f \u539f\u5275 \u65e5\u671f\uff1a 2026\u5e745\u670819\u65e5 \u4e0a 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