{"id":32080,"date":"2026-05-29T08:57:00","date_gmt":"2026-05-29T00:57:00","guid":{"rendered":"https:\/\/www.franchise.com.hk\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080"},"modified":"2026-05-29T08:57:00","modified_gmt":"2026-05-29T00:57:00","slug":"%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9","status":"publish","type":"post","link":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080","title":{"rendered":"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e"},"content":{"rendered":"<p><span class=\"legendSpanClass\">\u9999\u6e2f<\/span><span class=\"legendSpanClass\">2026\u5e745\u670829\u65e5<\/span> <span>\/\u7f8e\u901a\u793e\/ &#8212; <\/span><span>2026<\/span><span>\u5e74<\/span><span>5<\/span><span>\u6708<\/span><span>26<\/span><span>\u65e5\u4e0b\u5348\uff0c\u7531\u5168\u7403\u5546\u5831\u806f\u76df\u3001\u9999\u6e2f\u5546\u5831\u806f\u5408\u4e3b\u8fa6\u7684<\/span><span>2026<\/span><span>\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u9812\u734e\u76db\u5178\uff0c\u5728\u9999\u6e2f\u9686\u91cd\u8209\u884c\u3002\u4f86\u81ea\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u3001\u884c\u696d\u5354\u6703\u3001\u4e0a\u5e02\u516c\u53f8\u3001\u91d1\u878d\u6a5f\u69cb\u7b49\u4e0a\u767e\u4f4d\u5609\u8cd3\u51fa\u5e2d\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u9999\u6e2f\u5546\u5831\u5e38\u52d9\u526f\u793e\u9577\u3001\u57f7\u884c\u7e3d\u7de8\u8f2f\u85cd\u5cb8\u3001\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u8ca1\u7d93\u4e8b\u52d9\u53ca\u5eab\u52d9\u5c40\u526f\u5c40\u9577\u9673\u6d69\u6fc2\u3001\u9999\u6e2f\u4e2d\u8cc7\u8b49\u5238\u696d\u5354\u6703\u6c38\u9060\u540d\u8b7d\u6703\u9577\u8b5a\u5cb3\u8861\u7b49\u591a\u4f4d\u9818\u5c0e\u53c3\u6703\u4e26\u81f4\u8fad\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u6703\u4e0a\u516c\u4f48\u4e86<\/span><span>2026<\/span><span>\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7372\u734e\u516c\u53f8\u53ca\u4f01\u696d\u5bb6\u540d\u55ae\u3002\u6e2f\u80a1\u4e3b\u677f\u65b0\u8cb4\u6df1\u5733\u897f\u666e\u5c3c\u7cbe\u5bc6\u79d1\u6280\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff08\u80a1\u4efd\u4ee3\u865f\uff1a<\/span><span>2583.HK<\/span><span>\uff0c\u4ee5\u4e0b\u7c21\u7a31\u300c\u897f\u666e\u5c3c\u300d\uff09\u6210\u70ba\u5168\u5834\u7126\u9ede\u3002\u516c\u53f8\u4e0d\u50c5\u4e00\u8209\u596a\u5f97\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u6b8a\u69ae\uff0c\u5176\u638c\u8235\u4eba\u3001\u8463\u4e8b\u6703\u4e3b\u5e2d\u674e\u6c38\u5fe0\u5148\u751f\u66f4\u69ae\u81ba\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u734e\u9805\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u9019\u4e00\u6210\u7e3e\uff0c\u65e2\u662f\u5c0d\u674e\u6c38\u5fe0\u5148\u751f\u591a\u5e74\u6df1\u8015\u8cb4\u91d1\u5c6c\u9418\u9336\u73e0\u5bf6\u884c\u696d\u7684\u6230\u7565\u773c\u5149\u8207\u9818\u5c0e\u529b\u7684\u5145\u5206\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u897f\u666e\u5c3c\u81ea<\/span><span>2025<\/span><span>\u5e74<\/span><span>9<\/span><span>\u6708\u767b\u9678\u6e2f\u4ea4\u6240\u4e3b\u677f\u4ee5\u4f86\uff0c\u4ee5\u4e00\u4efd\u8fd1\u4e4e\u9a5a\u8c54\u7684\u9996\u4efd\u5e74\u5831\u6240\u5c55\u73fe\u51fa\u7684\u9ad8\u6210\u9577\u8cea\u5730\u8207\u50f9\u503c\u5275\u9020\u80fd\u529b\u7684\u9ad8\u5ea6\u8a8d\u53ef\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u81f3\u4eca\u5df2\u8209\u8fa6\u516b\u5c46\u3002\u672c\u5c46<\/span><span>2026<\/span><span>\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7cfb\u5217\u6d3b\u52d5\u4ee5\u300c\u9328\u5b9a\u5341\u4e94\u4e94<\/span> <span>\u6436\u6293\u65b0\u6a5f\u9047\u300d\u70ba\u4e3b\u984c\uff0c\u65e8\u5728\u805a\u7126\u5341\u4e94\u4e94\u898f\u5283\u767c\u5c55\u65b0\u52d5\u80fd\uff0c\u5c55\u73fe\u5177\u6709\u4ee3\u8868\u6027\u7684\u6a19\u6746\u4f01\u696d\uff0c\u4e26\u7d50\u5408\u9999\u6e2f\u7684\u7368\u7279\u512a\u52e2\uff0c\u70ba\u4e2d\u570b\u4f01\u696d\u5c0b\u627e\u5168\u7403\u767c\u5c55\u65b0\u6a5f\u9047\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u65e8\u5728\u9074\u9078\u5f15\u9818\u884c\u696d\u767c\u5c55\u8b8a\u9769\uff0c\u696d\u754c\u699c\u6a23\u6a19\u6746\u7684\u5091\u51fa\u4f01\u696d\u8207\u4eba\u7269\uff0c\u4ee5\u300c\u5275\u65b0\u6027\u3001\u516c\u53f8\u6cbb\u7406\u3001\u50f9\u503c\u529b\u3001\u6230\u7565\u524d\u77bb\u6027\u3001\u6210\u9577\u6027\u3001\u793e\u6703\u8cac\u4efb\u8207\u53ef\u6301\u7e8c\u767c\u5c55\u300d\u516d\u5927\u6838\u5fc3\u7dad\u5ea6\u70ba\u8a55\u5224\u6a19\u6e96\u3002\u5728\u7d44\u59d4\u6703\u548c\u4e3b\u8fa6\u6a5f\u69cb\u63a8\u85a6\u7684\u57fa\u790e\u4e0a\uff0c\u7d9c\u5408\u5165\u570d\u516c\u53f8\u53ca\u5c08\u696d\u8aee\u8a62\u6a5f\u69cb\u63d0\u4f9b\u7684\u5ba2\u89c0\u6307\u6a19\u548c\u4e3b\u89c0\u6307\u6a19\u5169\u5927\u6578\u64da\u6307\u6a19\u8a08\u5206\uff0c\u7d93\u904e\u5831\u540d\u521d\u5be9\u3001\u6578\u64da\u91c7\u96c6\u5be9\u5b9a\u3001\u5c08\u5bb6\u9867\u554f\u5718\u8a55\u5be9\u548c\u7d44\u59d4\u6703\u5b9a\u699c\u7b49\u74b0\u7bc0\uff0c\u6700\u7d42\u7522\u751f\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u4f01\u696d\u7372\u734e\u540d\u55ae\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u9996\u4efd\u5e74\u5831\u4ea4\u51fa\u9ad8\u5206\u7b54\u5377\uff1a\u71df\u6536\u589e<\/span><span>33.8% <\/span><span>\u6de8\u5229\u7ffb\u500d\u7834\u5104<\/span><\/p>\n<p class=\"prntaj\"><span>\u5c0d\u65bc\u4e00\u5bb6\u4e0a\u5e02\u4e0d\u8db3\u4e00\u5e74\u7684\u6b21\u65b0\u80a1\u800c\u8a00\uff0c\u9996\u4efd\u5e74\u5ea6\u696d\u7e3e\u516c\u544a\u5f80\u5f80\u662f\u8cc7\u672c\u5e02\u5834\u6aa2\u9a57\u5176\u6210\u8272\u7684\u95dc\u9375\u6a19\u5c3a\u3002\u897f\u666e\u5c3c\u767c\u4f48\u7684<\/span><span>2025<\/span><span>\u5e74\u5ea6\u696d\u7e3e\uff0c\u7121\u7591\u4ea4\u51fa\u4e86\u4e00\u4efd\u4ee4\u5e02\u5834\u5074\u76ee\u7684\u7b54\u5377\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u64da\u516c\u53f8\u5e74\u5831\u62ab\u9732\uff0c\u897f\u666e\u5c3c<\/span><span>2025<\/span><span>\u5e74\u5168\u5e74\u5be6\u73fe\u71df\u696d\u6536\u5165\u4eba\u6c11\u5e63<\/span><span>6.11<\/span><span>\u5104\u5143\uff0c\u8f03<\/span><span>2024<\/span><span>\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e63<\/span><span>4.57<\/span><span>\u5104\u5143\u5927\u5e45\u589e\u9577<\/span><span>33.8%<\/span><span>\uff1b\u66f4\u70ba\u4eae\u773c\u7684\u662f\uff0c\u671f\u5167\u6ea2\u5229\u7d04\u4eba\u6c11\u5e63<\/span><span>1.02<\/span><span>\u5104\u5143\uff0c\u540c\u6bd4\u6fc0\u589e<\/span><span>106.5%<\/span><span>\uff0c\u6210\u529f\u7a81\u7834\u5104\u5143\u95dc\u53e3\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u5f9e\u76c8\u5229\u8cea\u91cf\u4f86\u770b\uff0c\u516c\u53f8\u6574\u9ad4\u6bdb\u5229\u7387\u7531<\/span><span>2024<\/span><span>\u5e74\u7684<\/span><span>27.2%<\/span><span>\u63d0\u5347\u81f3<\/span><span>31.5%<\/span><span>\uff0c\u6de8\u5229\u7387\u4ea6\u5f9e<\/span><span>10.8%<\/span><span>\u5927\u5e45\u6539\u5584\u81f3<\/span><span>16.7%<\/span><span>\uff0c\u589e\u5e45\u9ad8\u9054<\/span><span>54.6%<\/span><span>\u3002\u6bdb\u5229\u984d\u9304\u5f97\u4eba\u6c11\u5e63<\/span><span>1.93<\/span><span>\u5104\u5143\uff0c\u6309\u5e74\u589e\u9577<\/span><span>55.1%<\/span><span>\uff0c\u986f\u8457\u9ad8\u65bc\u71df\u6536\u589e\u901f\uff0c\u53cd\u6620\u51fa\u516c\u53f8\u7522\u54c1\u7d50\u69cb\u512a\u5316\u8207\u6210\u672c\u7ba1\u63a7\u7684\u96d9\u91cd\u6210\u6548\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u9019\u4e00\u6307\u6a19\u7684\u542b\u91d1\u91cf\u6975\u9ad8\u3002\u7d30\u7d30\u62c6\u89e3\u8ca1\u5831\u53ef\u4ee5\u767c\u73fe\uff0c\u76c8\u5229\u80fd\u529b\u98c6\u5347\u7684\u6838\u5fc3\u767c\u52d5\u6a5f\u5728\u65bc\u6bdb\u5229\u7387\u7684\u8de8\u8d8a\u5f0f\u63d0\u5347<\/span><span>\u2014\u2014<\/span><span>\u7531<\/span><span>2024<\/span><span>\u5e74\u7684<\/span><span>27.2%<\/span><span>\u5f37\u52e2\u62c9\u5347\u81f3<\/span><span>31.5%<\/span><span>\uff0c\u6de8\u5229\u7387\u66f4\u662f\u903c\u8fd1<\/span><span>16.7%<\/span><span>\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u9019\u80cc\u5f8c\u7684\u95dc\u9375\uff0c\u5728\u65bc\u516c\u53f8\u6536\u5165\u7d50\u69cb\u548c\u6210\u672c\u7d50\u69cb\u90fd\u767c\u751f\u4e86\u7a4d\u6975\u8b8a\u5316\u3002\u50b3\u7d71\u7684\u9ec3\u91d1\u88fd\u9020\u696d\u5f80\u5f80\u88ab\u8996\u70ba\u300c\u6750\u6599\u642c\u904b\u5de5\u300d\uff0c\u6975\u6613\u53d7\u91d1\u50f9\u6ce2\u52d5\u64e0\u58d3\u3002\u4f46\u897f\u666e\u5c3c\u4f9d\u8a17\u5176\u7368\u6709\u7684\u8db3\u91d1\u786c\u5316\u6280\u8853\uff0c\u5728\u4fdd\u6301\u7522\u54c1\u7f8e\u5b78\u8207\u50f9\u503c\u611f\u7684\u524d\u63d0\u4e0b\uff0c\u901a\u904e\u7cbe\u5bc6\u88fd\u9020\u5de5\u85dd\u964d\u4f4e\u4e86\u55ae\u4f4d\u7522\u54c1\u7684\u7d14\u91d1\u7528\u91cf\uff0c\u5f9e\u800c\u5c07\u50f9\u503c\u91cd\u5fc3\u5f9e\u300c\u514b\u91cd\u300d\u8f49\u5411\u4e86\u300c\u5de5\u8cbb\u300d\u8207\u300c\u8a2d\u8a08\u300d\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u9019\u4e0d\u50c5\u662f\u6210\u672c\u7aef\u7684\u52dd\u5229\uff0c\u66f4\u662f\u8b70\u50f9\u80fd\u529b\u7684\u9ad4\u73fe\u3002\u897f\u666e\u5c3c\u901a\u904e\u63d0\u5347\u50b3\u7d71\u624b\u9336\u4e2d\u9ad8\u6bdb\u5229\u3001\u9ad8\u5de5\u85dd\u7522\u54c1\u7684\u5360\u6bd4\uff0c\u6709\u6548\u5c0d\u6c96\u4e86\u539f\u6750\u6599\u7aef\u7684\u6ce2\u52d5\uff0c\u5728\u7522\u54c1\u8a2d\u8a08\u3001\u5de5\u85dd\u7d50\u69cb\u548c\u88fd\u9020\u6548\u7387\u4e0a\u6301\u7e8c\u512a\u5316\uff0c\u5f9e\u800c\u628a\u898f\u6a21\u589e\u9577\u6709\u6548\u8f49\u5316\u70ba\u4e86\u5229\u6f64\u589e\u9577\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u8cc7\u7522\u8ca0\u50b5\u8868\u65b9\u9762\uff0c\u516c\u53f8\u671f\u672b\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u589e\u81f3\u4eba\u6c11\u5e63<\/span><span>2.03<\/span><span>\u5104\u5143\uff0c\u8f03<\/span><span>2024<\/span><span>\u5e74\u5e95\u7684\u4eba\u6c11\u5e63<\/span><span>0.14<\/span><span>\u5104\u5143\u66b4\u589e<\/span><span>1354.1%<\/span><span>\uff0c\u8ca1\u52d9\u5f48\u6027\u986f\u8457\u589e\u5f37\uff1b\u6b0a\u76ca\u7e3d\u984d\u9054\u4eba\u6c11\u5e63<\/span><span>10.31<\/span><span>\u5104\u5143\uff0c\u540c\u6bd4\u589e\u9577<\/span><span>56.4%<\/span><span>\uff0c\u70ba\u5f8c\u7e8c\u696d\u52d9\u64f4\u5f35\u8207\u6230\u7565\u6295\u5165\u5960\u5b9a\u4e86\u5805\u5be6\u7684\u8cc7\u672c\u57fa\u790e\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u98fe\u54c1\u8cfd\u9053\u589e\u9577\u5f37\u52c1\uff0c\u6d77\u5916\u7248\u5716\u4e0d\u65b7\u62d3\u5c55<\/span><\/p>\n<p class=\"prntaj\"><span>\u7d30\u62c6\u897f\u666e\u5c3c\u7684\u696d\u52d9\u7248\u5716\uff0c<\/span><span>2025<\/span><span>\u5e74\u6700\u5f15\u4eba\u6ce8\u76ee\u7684\u8b8a\u5316\u5728\u65bc\u6536\u5165\u7d50\u69cb\u7684\u6230\u7565\u6027\u91cd\u5851\u3002\u591a\u5e74\u4f86\uff0c\u897f\u666e\u5c3c\u7684\u696d\u52d9\u4e00\u662f\u81ea\u6709\u54c1\u724c\uff08<\/span><span>OBM<\/span><span>\uff09\u300c<\/span><span>HIPINE<\/span><span>\uff08\u897f\u666e\u5c3c\uff09\u300d\uff0c\u4e3b\u8981\u901a\u904e\u7dda\u4e0b\u8d85<\/span><span>3000<\/span><span>\u500b\u96f6\u552e\u9ede\u53ca\u7dda\u4e0a\u96fb\u5546\u5e73<\/span><span>\u53f0<\/span><span>\u92b7\u552e\uff1b\u4e8c\u662f\u70ba\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u77e5\u540d\u54c1\u724c\u63d0\u4f9b<\/span><span>ODM<\/span><span>\u670d\u52d9\uff0c\u5373\u8a2d\u8a08\u3001\u958b\u767c\u4e26\u88fd\u9020\u8cbc\u724c\u7522\u54c1\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>2025<\/span><span>\u5e74\u98fe\u54c1\u696d\u52d9\u8207<\/span><span>ODM<\/span><span>\u696d\u52d9\u96d9\u8f2a\u7206\u767c\uff1a\u98fe\u54c1\u696d\u52d9\u5be6\u73fe\u6536\u5165\u4eba\u6c11\u5e63<\/span><span>2.98<\/span><span>\u5104\u5143\uff0c\u8f03<\/span><span>2024<\/span><span>\u5e74\u7684\u4eba\u6c11\u5e63<\/span><span>1.06<\/span><span>\u5104\u5143\u98c6\u5347<\/span><span>182.2%<\/span><span>\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u7531<\/span><span>23.2%<\/span><span>\u8e8d\u5347\u81f3<\/span><span>48.8%<\/span><span>\uff0c\u5e7e\u4e4e\u8207\u624b\u9336\u696d\u52d9\u5e73\u5206\u79cb\u8272\uff0c\u986f\u793a\u51fa\u516c\u53f8\u5728\u8cb4\u91d1\u5c6c\u98fe\u54c1\u9818\u57df\u7684\u7814\u767c\u8a2d\u8a08\u8207\u4f9b\u61c9\u93c8\u97ff\u61c9\u80fd\u529b\u5df2\u7372\u5f97\u982d\u90e8\u5ba2\u6236\u7684\u5145\u5206\u8a8d\u53ef\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>ODM<\/span><span>\u696d\u52d9\u6574\u9ad4\u6536\u5165\u9054\u4eba\u6c11\u5e63<\/span><span>2.87<\/span><span>\u5104\u5143\uff0c\u540c\u6bd4\u589e\u9577<\/span><span>141.9%<\/span><span>\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u5f9e<\/span><span>2024<\/span><span>\u5e74\u7684<\/span><span>26.0%<\/span><span>\u5927\u5e45\u63d0\u5347\u81f3<\/span><span>47.1%<\/span><span>\u3002\u9019\u4e00\u8f49\u8b8a\u6a19\u8a8c\u8457\u897f\u666e\u5c3c\u6b63\u5f9e\u50b3\u7d71\u7684\u300c\u54c1\u724c\u88fd\u9020\u5546\u300d\u5411\u300c\u6280\u8853\u65b9\u6848\u63d0\u4f9b\u5546\u300d\u52a0\u901f\u9032\u5316\uff0c\u5176\u81ea\u4e3b\u7814\u767c\u7684\u300c\u8d85\u5206\u5b50\u9ec3\u91d1\u786c\u5316\u6280\u8853\u300d\u7b49\u6838\u5fc3\u5de5\u85dd\uff0c\u5df2\u6210\u70ba\u5411\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u570b\u5167\u77e5\u540d\u73e0\u5bf6\u54c1\u724c\u8f38\u51fa<\/span><span>ODM<\/span><span>\u670d\u52d9\u7684\u95dc\u9375\u6280\u8853\u58c1\u58d8\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u503c\u5f97\u95dc\u6ce8\u7684\u662f\uff0c\u516c\u53f8\u81ea\u6709\u54c1\u724c\uff08<\/span><span>OBM<\/span><span>\uff09\u696d\u52d9\u7dda\u4e0a\u76f4\u71df\u6e20\u9053\u6536\u5165\u540c\u6bd4\u589e\u9577<\/span><span>29.8%<\/span><span>\uff0c\u96fb\u5546\u5316\u8f49\u578b\u6210\u6548\u521d\u986f\u3002\u622a\u81f3<\/span><span>2025<\/span><span>\u5e74\u5e95\uff0c\u516c\u53f8\u5168\u570b\u7dda\u4e0b\u96f6\u552e\u9ede\u4ecd\u7dad\u6301\u5728<\/span><span>3,000<\/span><span>\u500b\u4ee5\u4e0a\uff0c\u6e20\u9053\u6839\u57fa\u7a69\u56fa\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u5728\u5168\u7403\u5316\u62d3\u5c55\u65b9\u9762\uff0c\u897f\u666e\u5c3c\u5df2\u65bc<\/span><span>2025<\/span><span>\u5e74\u8207\u99ac\u4f86\u897f\u4e9e\u5408\u4f5c\u5925\u4f34\u5c55\u958b\u5408\u4f5c\uff0c\u5728\u7576\u5730\u7d93\u92b7\u53ca\u96f6\u552e<\/span><span>HIPINE<\/span><span>\uff08\u897f\u666e\u5c3c\uff09\u624b\u9336\u7522\u54c1\u3002\u6b64\u5916\uff0c\u516c\u53f8\u4e5f\u6b63\u70ba\u9032\u5165\u4e2d\u6771\u5e02\u5834\u505a\u6e96\u5099\u3002\u6839\u64da\u707c\u8b58\u8aee\u8a62\u7684\u5831\u544a\uff0c\u6309<\/span><span>GMV<\/span><span>\u8a08\uff0c\u9810\u8a08\u5230<\/span><span>2029<\/span><span>\u5e74\u4e2d\u6771\u53ca\u6771\u5357\u4e9e\u9ec3\u91d1\u624b\u9336\u53ca\u9472\u8cb4\u91d1\u5c6c\u624b\u9336\u7684\u5e02\u5834\u898f\u6a21\u5c07\u5206\u5225\u9054\u5230<\/span><span>74.6<\/span><span>\u5104\u5143\u53ca<\/span><span>66.6<\/span><span>\u5104\u5143\uff0c\u5169\u5927\u5e02\u5834\u7684\u7e3d\u9ad4\u898f\u6a21\u5df2\u8d85\u904e\u4e2d\u570b\u672c\u571f\u5e02\u5834\uff0c\u524d\u666f\u5145\u6eff\u60f3\u50cf\u7a7a\u9593\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u5f37\u5316\u79d1\u6280\u5275\u65b0\u8207\u6587\u5316\u50f9\u503c\u5347\u7dad\uff0c\u6216\u6210\u7b2c\u4e8c\u589e\u9577\u66f2\u7dda<\/span><\/p>\n<p class=\"prntaj\"><span>\u897f\u666e\u5c3c\u7684\u6210\u9577\u6f5b\u529b\uff0c\u4e0d\u50c5\u9ad4\u73fe\u5728\u8ca1\u52d9\u6578\u5b57\u7684\u8e8d\u5347\uff0c\u66f4\u5728\u65bc\u5176\u6230\u7565\u9858\u666f\u7684\u524d\u77bb\u4f48\u5c40\u3002\u516c\u53f8\u660e\u78ba\u5c07\u672a\u4f86\u767c\u5c55\u65b9\u5411\u9396\u5b9a\u70ba<\/span><span>\u300c<\/span><span>\u6e20\u9053\u6df1\u5316\u3001\u5168\u7403\u5316\u62d3\u5c55\u3001\u6587\u5316\u8ce6\u80fd\u3001\u7522\u54c1\u5275\u65b0\u300d\u56db\u5927\u4e3b\u8ef8\uff0c\u63a8\u52d5\u5f9e\u50b3\u7d71\u8cb4\u91d1\u5c6c\u624b\u9336\u88fd\u9020\u5546\u5411<\/span><span>\u300c<\/span><span>\u9ec3\u91d1\uff0b\u79d1\u6280\uff0b\u6587\u5275\u300d\u7d9c\u5408\u50f9\u503c\u5275\u9020\u8005\u7684\u6230\u7565\u5347\u7dad\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u5728\u7522\u54c1\u5275\u65b0\u7dad\u5ea6\uff0c\u897f\u666e\u5c3c\u6301\u7e8c\u52a0\u78bc\u667a\u80fd\u7a7f\u6234\u8cfd\u9053\u3002\u516c\u53f8\u5df2\u8207\u83ef\u70ba\u9054\u6210\u6df1\u5ea6\u5408\u4f5c\uff0c\u63a8\u51fa\u642d\u8f09\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u5316\u8db3\u91d1\u667a\u80fd\u624b\u9336\uff0c\u6210\u529f\u5207\u5165\u4f01\u696d\u79ae\u54c1\u5b9a\u5236\u5e02\u5834\uff0c\u4e26\u62d3\u5c55\u81f3\u9152\u985e\u3001\u9280\u884c\u3001\u6c7d\u8eca\u7b49\u884c\u696d\u6e20\u9053\u3002\u696d\u7e3e\u516c\u544a\u986f\u793a\uff0c\u516c\u53f8\u9084\u8207\u4e00\u5bb6\u7e3d\u90e8\u4f4d\u65bc\u6c5f\u8607\u3001\u5728\u9999\u6e2f\u4e0a\u5e02\u7684\u88fd\u85e5\u516c\u53f8\u9644\u5c6c\u516c\u53f8\u7c3d\u7f72\u6846\u67b6\u5354\u8b70\uff0c\u5171\u540c\u958b\u767c\u53ca\u92b7\u552e\u96c6\u6210\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u667a\u80fd\u624b\u9336\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u667a\u80fd\u751f\u614b\u662f\u53e6\u4e00\u91cd\u60f3\u50cf\u3002\u96a8\u8457<\/span><span>AI<\/span><span>\u8207\u842c\u7269\u4e92\u806f\u6642\u4ee3\u7684\u5230\u4f86\uff0c\u624b\u9336\u548c\u98fe\u54c1\u4f5c\u70ba\u4eba\u9ad4\u50b3\u611f\u5668\u7684\u5929\u7136\u8f09\u9ad4\uff0c\u5165\u53e3\u50f9\u503c\u4e0d\u53ef\u4f30\u91cf\u3002\u897f\u666e\u5c3c\u7684\u8cb4\u91d1\u5c6c\u667a\u80fd\u6212\u6307\u3001\u667a\u80fd\u73e0\u5bf6\uff0c\u6b63\u5728\u69cb\u5efa\u4e00\u500b\u5168\u65b0\u7684\u3001\u9ad8\u5ba2\u55ae\u50f9\u7684\u667a\u80fd\u786c\u4ef6\u5165\u53e3\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u5728\u7ba1\u7406\u5c64\u5c0d\u897f\u666e\u5c3c\u672a\u4f86\u767c\u5c55\u7684\u898f\u5283\u4e2d\uff0c\u6587\u5316\u5c6c\u6027\u8207\u6587\u5316\u50f9\u503c\u5c07\u8d85\u8d8a\u8cb4\u91d1\u5c6c\u88fd\u9020\u672c\u8eab\uff0c\u8207\u79d1\u6280\u5c6c\u6027\u4e00\u9053\uff0c\u6210\u70ba\u516c\u53f8\u6230\u7565\u5347\u7d1a\u7684\u6838\u5fc3\u7d44\u6210\u90e8\u5206\u3002\u5f9e\u884c\u696d\u8da8\u52e2\u770b\uff0c\u9ec3\u91d1\u6d88\u8cbb\u5df2\u7d93\u4e0d\u518d\u53ea\u662f\u50b3\u7d71\u5a5a\u6176\u3001\u7bc0\u6176\u548c\u4fdd\u503c\u9700\u6c42\u7684\u7c21\u55ae\u96c6\u5408\uff0c\u800c\u662f\u5728\u5411\u60c5\u611f\u8868\u9054\u3001\u6587\u5316\u8a8d\u540c\u3001\u5be9\u7f8e\u9ad4\u9a57\u548c<\/span><span>IP<\/span><span>\u806f\u540d\u7b49\u65b9\u5411\u5ef6\u5c55\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>2026<\/span><span>\u5e74<\/span><span>1<\/span><span>\u6708\uff0c\u516c\u53f8\u66f4<\/span><span>\u65bc<\/span><span>\u5317\u4eac\u8a2d\u7acb\u6587\u5275\u5206\u516c\u53f8\uff0c\u8457\u529b\u6316\u6398\u50b3\u7d71\u6587\u5316<\/span><span>IP<\/span><span>\u9644\u52a0\u503c\uff0c\u4ee5\u975e\u907a\u5de5\u85dd\u878d\u5408\u73fe\u4ee3\u8a2d\u8a08\uff0c\u5411\u6587\u5316\u50f9\u503c\u5275\u9020\u8005\u8f49\u578b\u3002\u7576\u54c1\u724c\u5f9e\u300c\u8cb4\u91d1\u5c6c\u6750\u8cea\u512a\u52e2\u300d\u5347\u7d1a\u70ba\u300c\u6587\u5316\u50f9\u503c\u627f\u8f09\u8005\u300d\uff0c\u516c\u53f8\u5247\u80fd\u7a81\u7834\u50b3\u7d71\u8db3\u91d1\u8cb4\u91d1\u5c6c\u6d88\u8cbb\u54c1\u7684\u4f30\u503c\u908a\u754c\uff0c\u6210\u70ba\u8eab\u4efd\u8868\u9054\u3001\u79ae\u8d08\u542b\u7fa9\u3001\u8a2d\u8a08\u8a9e\u8a00\u548c\u6587\u5316\u9644\u52a0\u503c\u7684\u8f09\u9ad4\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u4f5c\u70ba\u6e2f\u80a1\u4e3b\u677f<\/span><span>\u300c<\/span><span>\u91d1\u8868\u7b2c\u4e00\u80a1\u300d\uff0c\u5f9e\u55ae\u4e00\u54c1\u724c\u88fd\u9020\u5546\u5230\u300c\u8db3\u91d1\u8cb4\u91d1\u5c6c\u7a7f\u6234\u54c1\u724c<\/span><span>+<\/span><span>\u88fd\u9020\u5e73<\/span><span>\u53f0<\/span><span>+<\/span><span>\u667a\u80fd\u65b0\u54c1\u985e\u300d\u751f\u614b\u69cb\u5efa\u8005\uff0c\u674e\u6c38\u5fe0\u8207\u897f\u666e\u5c3c\u7684\u6545\u4e8b\uff0c\u65e2\u662f\u4e2d\u570b\u88fd\u9020\u696d\u8f49\u578b\u5347\u7d1a\u7684\u7e2e\u5f71\uff0c\u4ea6\u662f\u6e2f\u80a1\u5e02\u5834\u652f\u6301\u512a\u8cea\u5167\u5730\u4f01\u696d\u6210\u9577\u50f9\u503c\u7684\u751f\u52d5\u6ce8\u8173\u3002<\/span><span>2026<\/span><span>\u5e74<\/span><span>2<\/span><span>\u6708\uff0c\u897f\u666e\u5c3c\u66f4\u6210\u529f\u7d0d\u5165<\/span><span>MSCI<\/span><span>\u5168\u7403\u5c0f\u578b\u80a1\u6307\u6578\uff0c\u570b\u969b\u8cc7\u672c\u8a8d\u53ef\u5ea6\u986f\u8457\u63d0\u5347\u3002<\/span><\/p>\n<p class=\"prntaj\"><span>\u6b64\u6b21\u9999\u6e2f\u5546\u5831\u91d1\u9be4\u9d6c\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u96d9\u6599\u5927\u734e\u7684\u52a0\u5195\uff0c\u4e0d\u50c5\u662f\u5c0d\u904e\u5f80\u6210\u7e3e\u7684\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u672a\u4f86\u50f9\u503c\u7684\u671f\u8a31\u3002\u5728\u9ec3\u91d1\u6d88\u8cbb\u7684\u6587\u5316\u5c6c\u6027\u8207\u6295\u8cc7\u5c6c\u6027\u96d9\u91cd\u9a45\u52d5\u4e0b\uff0c\u5728\u667a\u80fd\u7a7f\u6234\u8207\u6587\u5275\u878d\u5408\u7684\u65b0\u8cfd\u9053\u958b\u62d3\u4e2d\uff0c\u897f\u666e\u5c3c\u7684\u6210\u9577\u6545\u4e8b\uff0c\u6216\u8a31\u624d\u525b\u525b\u7ffb\u958b\u5e8f\u7ae0\u3002<\/span><\/p>\n<p class=\"prntaj\">\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>\u9999\u6e2f2026\u5e745\u670829\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; 2026\u5e745\u670826\u65e5\u4e0b\u5348\uff0c\u7531\u5168\u7403\u5546\u5831\u806f\u76df\u3001\u9999\u6e2f\u5546\u5831\u806f\u5408\u4e3b\u8fa6\u76842026\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u9812\u734e\u76db\u5178\uff0c\u5728\u9999\u6e2f\u9686\u91cd\u8209\u884c\u3002\u4f86\u81ea\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u3001\u884c\u696d\u5354\u6703\u3001\u4e0a\u5e02\u516c\u53f8\u3001\u91d1\u878d\u6a5f\u69cb\u7b49\u4e0a\u767e\u4f4d\u5609\u8cd3\u51fa\u5e2d\u3002 \u9999\u6e2f\u5546\u5831\u5e38\u52d9\u526f\u793e\u9577\u3001\u57f7\u884c\u7e3d\u7de8\u8f2f\u85cd\u5cb8\u3001\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u8ca1\u7d93\u4e8b\u52d9\u53ca\u5eab\u52d9\u5c40\u526f\u5c40\u9577\u9673\u6d69\u6fc2\u3001\u9999\u6e2f\u4e2d\u8cc7\u8b49\u5238\u696d\u5354\u6703\u6c38\u9060\u540d\u8b7d\u6703\u9577\u8b5a\u5cb3\u8861\u7b49\u591a\u4f4d\u9818\u5c0e\u53c3\u6703\u4e26\u81f4\u8fad\u3002 \u6703\u4e0a\u516c\u4f48\u4e862026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7372\u734e\u516c\u53f8\u53ca\u4f01\u696d\u5bb6\u540d\u55ae\u3002\u6e2f\u80a1\u4e3b\u677f\u65b0\u8cb4\u6df1\u5733\u897f\u666e\u5c3c\u7cbe\u5bc6\u79d1\u6280\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff08\u80a1\u4efd\u4ee3\u865f\uff1a2583.HK\uff0c\u4ee5\u4e0b\u7c21\u7a31\u300c\u897f\u666e\u5c3c\u300d\uff09\u6210\u70ba\u5168\u5834\u7126\u9ede\u3002\u516c\u53f8\u4e0d\u50c5\u4e00\u8209\u596a\u5f97\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u6b8a\u69ae\uff0c\u5176\u638c\u8235\u4eba\u3001\u8463\u4e8b\u6703\u4e3b\u5e2d\u674e\u6c38\u5fe0\u5148\u751f\u66f4\u69ae\u81ba\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u734e\u9805\u3002 \u9019\u4e00\u6210\u7e3e\uff0c\u65e2\u662f\u5c0d\u674e\u6c38\u5fe0\u5148\u751f\u591a\u5e74\u6df1\u8015\u8cb4\u91d1\u5c6c\u9418\u9336\u73e0\u5bf6\u884c\u696d\u7684\u6230\u7565\u773c\u5149\u8207\u9818\u5c0e\u529b\u7684\u5145\u5206\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u897f\u666e\u5c3c\u81ea2025\u5e749\u6708\u767b\u9678\u6e2f\u4ea4\u6240\u4e3b\u677f\u4ee5\u4f86\uff0c\u4ee5\u4e00\u4efd\u8fd1\u4e4e\u9a5a\u8c54\u7684\u9996\u4efd\u5e74\u5831\u6240\u5c55\u73fe\u51fa\u7684\u9ad8\u6210\u9577\u8cea\u5730\u8207\u50f9\u503c\u5275\u9020\u80fd\u529b\u7684\u9ad8\u5ea6\u8a8d\u53ef\u3002 \u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u81f3\u4eca\u5df2\u8209\u8fa6\u516b\u5c46\u3002\u672c\u5c462026\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7cfb\u5217\u6d3b\u52d5\u4ee5\u300c\u9328\u5b9a\u5341\u4e94\u4e94 \u6436\u6293\u65b0\u6a5f\u9047\u300d\u70ba\u4e3b\u984c\uff0c\u65e8\u5728\u805a\u7126\u5341\u4e94\u4e94\u898f\u5283\u767c\u5c55\u65b0\u52d5\u80fd\uff0c\u5c55\u73fe\u5177\u6709\u4ee3\u8868\u6027\u7684\u6a19\u6746\u4f01\u696d\uff0c\u4e26\u7d50\u5408\u9999\u6e2f\u7684\u7368\u7279\u512a\u52e2\uff0c\u70ba\u4e2d\u570b\u4f01\u696d\u5c0b\u627e\u5168\u7403\u767c\u5c55\u65b0\u6a5f\u9047\u3002 \u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u65e8\u5728\u9074\u9078\u5f15\u9818\u884c\u696d\u767c\u5c55\u8b8a\u9769\uff0c\u696d\u754c\u699c\u6a23\u6a19\u6746\u7684\u5091\u51fa\u4f01\u696d\u8207\u4eba\u7269\uff0c\u4ee5\u300c\u5275\u65b0\u6027\u3001\u516c\u53f8\u6cbb\u7406\u3001\u50f9\u503c\u529b\u3001\u6230\u7565\u524d\u77bb\u6027\u3001\u6210\u9577\u6027\u3001\u793e\u6703\u8cac\u4efb\u8207\u53ef\u6301\u7e8c\u767c\u5c55\u300d\u516d\u5927\u6838\u5fc3\u7dad\u5ea6\u70ba\u8a55\u5224\u6a19\u6e96\u3002\u5728\u7d44\u59d4\u6703\u548c\u4e3b\u8fa6\u6a5f\u69cb\u63a8\u85a6\u7684\u57fa\u790e\u4e0a\uff0c\u7d9c\u5408\u5165\u570d\u516c\u53f8\u53ca\u5c08\u696d\u8aee\u8a62\u6a5f\u69cb\u63d0\u4f9b\u7684\u5ba2\u89c0\u6307\u6a19\u548c\u4e3b\u89c0\u6307\u6a19\u5169\u5927\u6578\u64da\u6307\u6a19\u8a08\u5206\uff0c\u7d93\u904e\u5831\u540d\u521d\u5be9\u3001\u6578\u64da\u91c7\u96c6\u5be9\u5b9a\u3001\u5c08\u5bb6\u9867\u554f\u5718\u8a55\u5be9\u548c\u7d44\u59d4\u6703\u5b9a\u699c\u7b49\u74b0\u7bc0\uff0c\u6700\u7d42\u7522\u751f\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u4f01\u696d\u7372\u734e\u540d\u55ae\u3002 \u9996\u4efd\u5e74\u5831\u4ea4\u51fa\u9ad8\u5206\u7b54\u5377\uff1a\u71df\u6536\u589e33.8% \u6de8\u5229\u7ffb\u500d\u7834\u5104 \u5c0d\u65bc\u4e00\u5bb6\u4e0a\u5e02\u4e0d\u8db3\u4e00\u5e74\u7684\u6b21\u65b0\u80a1\u800c\u8a00\uff0c\u9996\u4efd\u5e74\u5ea6\u696d\u7e3e\u516c\u544a\u5f80\u5f80\u662f\u8cc7\u672c\u5e02\u5834\u6aa2\u9a57\u5176\u6210\u8272\u7684\u95dc\u9375\u6a19\u5c3a\u3002\u897f\u666e\u5c3c\u767c\u4f48\u76842025\u5e74\u5ea6\u696d\u7e3e\uff0c\u7121\u7591\u4ea4\u51fa\u4e86\u4e00\u4efd\u4ee4\u5e02\u5834\u5074\u76ee\u7684\u7b54\u5377\u3002 \u64da\u516c\u53f8\u5e74\u5831\u62ab\u9732\uff0c\u897f\u666e\u5c3c2025\u5e74\u5168\u5e74\u5be6\u73fe\u71df\u696d\u6536\u5165\u4eba\u6c11\u5e636.11\u5104\u5143\uff0c\u8f032024\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e634.57\u5104\u5143\u5927\u5e45\u589e\u957733.8%\uff1b\u66f4\u70ba\u4eae\u773c\u7684\u662f\uff0c\u671f\u5167\u6ea2\u5229\u7d04\u4eba\u6c11\u5e631.02\u5104\u5143\uff0c\u540c\u6bd4\u6fc0\u589e106.5%\uff0c\u6210\u529f\u7a81\u7834\u5104\u5143\u95dc\u53e3\u3002 \u5f9e\u76c8\u5229\u8cea\u91cf\u4f86\u770b\uff0c\u516c\u53f8\u6574\u9ad4\u6bdb\u5229\u7387\u75312024\u5e74\u768427.2%\u63d0\u5347\u81f331.5%\uff0c\u6de8\u5229\u7387\u4ea6\u5f9e10.8%\u5927\u5e45\u6539\u5584\u81f316.7%\uff0c\u589e\u5e45\u9ad8\u905454.6%\u3002\u6bdb\u5229\u984d\u9304\u5f97\u4eba\u6c11\u5e631.93\u5104\u5143\uff0c\u6309\u5e74\u589e\u957755.1%\uff0c\u986f\u8457\u9ad8\u65bc\u71df\u6536\u589e\u901f\uff0c\u53cd\u6620\u51fa\u516c\u53f8\u7522\u54c1\u7d50\u69cb\u512a\u5316\u8207\u6210\u672c\u7ba1\u63a7\u7684\u96d9\u91cd\u6210\u6548\u3002 \u9019\u4e00\u6307\u6a19\u7684\u542b\u91d1\u91cf\u6975\u9ad8\u3002\u7d30\u7d30\u62c6\u89e3\u8ca1\u5831\u53ef\u4ee5\u767c\u73fe\uff0c\u76c8\u5229\u80fd\u529b\u98c6\u5347\u7684\u6838\u5fc3\u767c\u52d5\u6a5f\u5728\u65bc\u6bdb\u5229\u7387\u7684\u8de8\u8d8a\u5f0f\u63d0\u5347\u2014\u2014\u75312024\u5e74\u768427.2%\u5f37\u52e2\u62c9\u5347\u81f331.5%\uff0c\u6de8\u5229\u7387\u66f4\u662f\u903c\u8fd116.7%\u3002 \u9019\u80cc\u5f8c\u7684\u95dc\u9375\uff0c\u5728\u65bc\u516c\u53f8\u6536\u5165\u7d50\u69cb\u548c\u6210\u672c\u7d50\u69cb\u90fd\u767c\u751f\u4e86\u7a4d\u6975\u8b8a\u5316\u3002\u50b3\u7d71\u7684\u9ec3\u91d1\u88fd\u9020\u696d\u5f80\u5f80\u88ab\u8996\u70ba\u300c\u6750\u6599\u642c\u904b\u5de5\u300d\uff0c\u6975\u6613\u53d7\u91d1\u50f9\u6ce2\u52d5\u64e0\u58d3\u3002\u4f46\u897f\u666e\u5c3c\u4f9d\u8a17\u5176\u7368\u6709\u7684\u8db3\u91d1\u786c\u5316\u6280\u8853\uff0c\u5728\u4fdd\u6301\u7522\u54c1\u7f8e\u5b78\u8207\u50f9\u503c\u611f\u7684\u524d\u63d0\u4e0b\uff0c\u901a\u904e\u7cbe\u5bc6\u88fd\u9020\u5de5\u85dd\u964d\u4f4e\u4e86\u55ae\u4f4d\u7522\u54c1\u7684\u7d14\u91d1\u7528\u91cf\uff0c\u5f9e\u800c\u5c07\u50f9\u503c\u91cd\u5fc3\u5f9e\u300c\u514b\u91cd\u300d\u8f49\u5411\u4e86\u300c\u5de5\u8cbb\u300d\u8207\u300c\u8a2d\u8a08\u300d\u3002 \u9019\u4e0d\u50c5\u662f\u6210\u672c\u7aef\u7684\u52dd\u5229\uff0c\u66f4\u662f\u8b70\u50f9\u80fd\u529b\u7684\u9ad4\u73fe\u3002\u897f\u666e\u5c3c\u901a\u904e\u63d0\u5347\u50b3\u7d71\u624b\u9336\u4e2d\u9ad8\u6bdb\u5229\u3001\u9ad8\u5de5\u85dd\u7522\u54c1\u7684\u5360\u6bd4\uff0c\u6709\u6548\u5c0d\u6c96\u4e86\u539f\u6750\u6599\u7aef\u7684\u6ce2\u52d5\uff0c\u5728\u7522\u54c1\u8a2d\u8a08\u3001\u5de5\u85dd\u7d50\u69cb\u548c\u88fd\u9020\u6548\u7387\u4e0a\u6301\u7e8c\u512a\u5316\uff0c\u5f9e\u800c\u628a\u898f\u6a21\u589e\u9577\u6709\u6548\u8f49\u5316\u70ba\u4e86\u5229\u6f64\u589e\u9577\u3002 \u8cc7\u7522\u8ca0\u50b5\u8868\u65b9\u9762\uff0c\u516c\u53f8\u671f\u672b\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u589e\u81f3\u4eba\u6c11\u5e632.03\u5104\u5143\uff0c\u8f032024\u5e74\u5e95\u7684\u4eba\u6c11\u5e630.14\u5104\u5143\u66b4\u589e1354.1%\uff0c\u8ca1\u52d9\u5f48\u6027\u986f\u8457\u589e\u5f37\uff1b\u6b0a\u76ca\u7e3d\u984d\u9054\u4eba\u6c11\u5e6310.31\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957756.4%\uff0c\u70ba\u5f8c\u7e8c\u696d\u52d9\u64f4\u5f35\u8207\u6230\u7565\u6295\u5165\u5960\u5b9a\u4e86\u5805\u5be6\u7684\u8cc7\u672c\u57fa\u790e\u3002 \u98fe\u54c1\u8cfd\u9053\u589e\u9577\u5f37\u52c1\uff0c\u6d77\u5916\u7248\u5716\u4e0d\u65b7\u62d3\u5c55 \u7d30\u62c6\u897f\u666e\u5c3c\u7684\u696d\u52d9\u7248\u5716\uff0c2025\u5e74\u6700\u5f15\u4eba\u6ce8\u76ee\u7684\u8b8a\u5316\u5728\u65bc\u6536\u5165\u7d50\u69cb\u7684\u6230\u7565\u6027\u91cd\u5851\u3002\u591a\u5e74\u4f86\uff0c\u897f\u666e\u5c3c\u7684\u696d\u52d9\u4e00\u662f\u81ea\u6709\u54c1\u724c\uff08OBM\uff09\u300cHIPINE\uff08\u897f\u666e\u5c3c\uff09\u300d\uff0c\u4e3b\u8981\u901a\u904e\u7dda\u4e0b\u8d853000\u500b\u96f6\u552e\u9ede\u53ca\u7dda\u4e0a\u96fb\u5546\u5e73\u53f0\u92b7\u552e\uff1b\u4e8c\u662f\u70ba\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u77e5\u540d\u54c1\u724c\u63d0\u4f9bODM\u670d\u52d9\uff0c\u5373\u8a2d\u8a08\u3001\u958b\u767c\u4e26\u88fd\u9020\u8cbc\u724c\u7522\u54c1\u3002 2025\u5e74\u98fe\u54c1\u696d\u52d9\u8207ODM\u696d\u52d9\u96d9\u8f2a\u7206\u767c\uff1a\u98fe\u54c1\u696d\u52d9\u5be6\u73fe\u6536\u5165\u4eba\u6c11\u5e632.98\u5104\u5143\uff0c\u8f032024\u5e74\u7684\u4eba\u6c11\u5e631.06\u5104\u5143\u98c6\u5347182.2%\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u753123.2%\u8e8d\u5347\u81f348.8%\uff0c\u5e7e\u4e4e\u8207\u624b\u9336\u696d\u52d9\u5e73\u5206\u79cb\u8272\uff0c\u986f\u793a\u51fa\u516c\u53f8\u5728\u8cb4\u91d1\u5c6c\u98fe\u54c1\u9818\u57df\u7684\u7814\u767c\u8a2d\u8a08\u8207\u4f9b\u61c9\u93c8\u97ff\u61c9\u80fd\u529b\u5df2\u7372\u5f97\u982d\u90e8\u5ba2\u6236\u7684\u5145\u5206\u8a8d\u53ef\u3002 ODM\u696d\u52d9\u6574\u9ad4\u6536\u5165\u9054\u4eba\u6c11\u5e632.87\u5104\u5143\uff0c\u540c\u6bd4\u589e\u9577141.9%\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u5f9e2024\u5e74\u768426.0%\u5927\u5e45\u63d0\u5347\u81f347.1%\u3002\u9019\u4e00\u8f49\u8b8a\u6a19\u8a8c\u8457\u897f\u666e\u5c3c\u6b63\u5f9e\u50b3\u7d71\u7684\u300c\u54c1\u724c\u88fd\u9020\u5546\u300d\u5411\u300c\u6280\u8853\u65b9\u6848\u63d0\u4f9b\u5546\u300d\u52a0\u901f\u9032\u5316\uff0c\u5176\u81ea\u4e3b\u7814\u767c\u7684\u300c\u8d85\u5206\u5b50\u9ec3\u91d1\u786c\u5316\u6280\u8853\u300d\u7b49\u6838\u5fc3\u5de5\u85dd\uff0c\u5df2\u6210\u70ba\u5411\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u570b\u5167\u77e5\u540d\u73e0\u5bf6\u54c1\u724c\u8f38\u51faODM\u670d\u52d9\u7684\u95dc\u9375\u6280\u8853\u58c1\u58d8\u3002 \u503c\u5f97\u95dc\u6ce8\u7684\u662f\uff0c\u516c\u53f8\u81ea\u6709\u54c1\u724c\uff08OBM\uff09\u696d\u52d9\u7dda\u4e0a\u76f4\u71df\u6e20\u9053\u6536\u5165\u540c\u6bd4\u589e\u957729.8%\uff0c\u96fb\u5546\u5316\u8f49\u578b\u6210\u6548\u521d\u986f\u3002\u622a\u81f32025\u5e74\u5e95\uff0c\u516c\u53f8\u5168\u570b\u7dda\u4e0b\u96f6\u552e\u9ede\u4ecd\u7dad\u6301\u57283,000\u500b\u4ee5\u4e0a\uff0c\u6e20\u9053\u6839\u57fa\u7a69\u56fa\u3002 \u5728\u5168\u7403\u5316\u62d3\u5c55\u65b9\u9762\uff0c\u897f\u666e\u5c3c\u5df2\u65bc2025\u5e74\u8207\u99ac\u4f86\u897f\u4e9e\u5408\u4f5c\u5925\u4f34\u5c55\u958b\u5408\u4f5c\uff0c\u5728\u7576\u5730\u7d93\u92b7\u53ca\u96f6\u552eHIPINE\uff08\u897f\u666e\u5c3c\uff09\u624b\u9336\u7522\u54c1\u3002\u6b64\u5916\uff0c\u516c\u53f8\u4e5f\u6b63\u70ba\u9032\u5165\u4e2d\u6771\u5e02\u5834\u505a\u6e96\u5099\u3002\u6839\u64da\u707c\u8b58\u8aee\u8a62\u7684\u5831\u544a\uff0c\u6309GMV\u8a08\uff0c\u9810\u8a08\u52302029\u5e74\u4e2d\u6771\u53ca\u6771\u5357\u4e9e\u9ec3\u91d1\u624b\u9336\u53ca\u9472\u8cb4\u91d1\u5c6c\u624b\u9336\u7684\u5e02\u5834\u898f\u6a21\u5c07\u5206\u5225\u9054\u523074.6\u5104\u5143\u53ca66.6\u5104\u5143\uff0c\u5169\u5927\u5e02\u5834\u7684\u7e3d\u9ad4\u898f\u6a21\u5df2\u8d85\u904e\u4e2d\u570b\u672c\u571f\u5e02\u5834\uff0c\u524d\u666f\u5145\u6eff\u60f3\u50cf\u7a7a\u9593\u3002 \u5f37\u5316\u79d1\u6280\u5275\u65b0\u8207\u6587\u5316\u50f9\u503c\u5347\u7dad\uff0c\u6216\u6210\u7b2c\u4e8c\u589e\u9577\u66f2\u7dda \u897f\u666e\u5c3c\u7684\u6210\u9577\u6f5b\u529b\uff0c\u4e0d\u50c5\u9ad4\u73fe\u5728\u8ca1\u52d9\u6578\u5b57\u7684\u8e8d\u5347\uff0c\u66f4\u5728\u65bc\u5176\u6230\u7565\u9858\u666f\u7684\u524d\u77bb\u4f48\u5c40\u3002\u516c\u53f8\u660e\u78ba\u5c07\u672a\u4f86\u767c\u5c55\u65b9\u5411\u9396\u5b9a\u70ba\u300c\u6e20\u9053\u6df1\u5316\u3001\u5168\u7403\u5316\u62d3\u5c55\u3001\u6587\u5316\u8ce6\u80fd\u3001\u7522\u54c1\u5275\u65b0\u300d\u56db\u5927\u4e3b\u8ef8\uff0c\u63a8\u52d5\u5f9e\u50b3\u7d71\u8cb4\u91d1\u5c6c\u624b\u9336\u88fd\u9020\u5546\u5411\u300c\u9ec3\u91d1\uff0b\u79d1\u6280\uff0b\u6587\u5275\u300d\u7d9c\u5408\u50f9\u503c\u5275\u9020\u8005\u7684\u6230\u7565\u5347\u7dad\u3002 \u5728\u7522\u54c1\u5275\u65b0\u7dad\u5ea6\uff0c\u897f\u666e\u5c3c\u6301\u7e8c\u52a0\u78bc\u667a\u80fd\u7a7f\u6234\u8cfd\u9053\u3002\u516c\u53f8\u5df2\u8207\u83ef\u70ba\u9054\u6210\u6df1\u5ea6\u5408\u4f5c\uff0c\u63a8\u51fa\u642d\u8f09\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u5316\u8db3\u91d1\u667a\u80fd\u624b\u9336\uff0c\u6210\u529f\u5207\u5165\u4f01\u696d\u79ae\u54c1\u5b9a\u5236\u5e02\u5834\uff0c\u4e26\u62d3\u5c55\u81f3\u9152\u985e\u3001\u9280\u884c\u3001\u6c7d\u8eca\u7b49\u884c\u696d\u6e20\u9053\u3002\u696d\u7e3e\u516c\u544a\u986f\u793a\uff0c\u516c\u53f8\u9084\u8207\u4e00\u5bb6\u7e3d\u90e8\u4f4d\u65bc\u6c5f\u8607\u3001\u5728\u9999\u6e2f\u4e0a\u5e02\u7684\u88fd\u85e5\u516c\u53f8\u9644\u5c6c\u516c\u53f8\u7c3d\u7f72\u6846\u67b6\u5354\u8b70\uff0c\u5171\u540c\u958b\u767c\u53ca\u92b7\u552e\u96c6\u6210\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u667a\u80fd\u624b\u9336\u3002 \u667a\u80fd\u751f\u614b\u662f\u53e6\u4e00\u91cd\u60f3\u50cf\u3002\u96a8\u8457AI\u8207\u842c\u7269\u4e92\u806f\u6642\u4ee3\u7684\u5230\u4f86\uff0c\u624b\u9336\u548c\u98fe\u54c1\u4f5c\u70ba\u4eba\u9ad4\u50b3\u611f\u5668\u7684\u5929\u7136\u8f09\u9ad4\uff0c\u5165\u53e3\u50f9\u503c\u4e0d\u53ef\u4f30\u91cf\u3002\u897f\u666e\u5c3c\u7684\u8cb4\u91d1\u5c6c\u667a\u80fd\u6212\u6307\u3001\u667a\u80fd\u73e0\u5bf6\uff0c\u6b63\u5728\u69cb\u5efa\u4e00\u500b\u5168\u65b0\u7684\u3001\u9ad8\u5ba2\u55ae\u50f9\u7684\u667a\u80fd\u786c\u4ef6\u5165\u53e3\u3002 \u5728\u7ba1\u7406\u5c64\u5c0d\u897f\u666e\u5c3c\u672a\u4f86\u767c\u5c55\u7684\u898f\u5283\u4e2d\uff0c\u6587\u5316\u5c6c\u6027\u8207\u6587\u5316\u50f9\u503c\u5c07\u8d85\u8d8a\u8cb4\u91d1\u5c6c\u88fd\u9020\u672c\u8eab\uff0c\u8207\u79d1\u6280\u5c6c\u6027\u4e00\u9053\uff0c\u6210\u70ba\u516c\u53f8\u6230\u7565\u5347\u7d1a\u7684\u6838\u5fc3\u7d44\u6210\u90e8\u5206\u3002\u5f9e\u884c\u696d\u8da8\u52e2\u770b\uff0c\u9ec3\u91d1\u6d88\u8cbb\u5df2\u7d93\u4e0d\u518d\u53ea\u662f\u50b3\u7d71\u5a5a\u6176\u3001\u7bc0\u6176\u548c\u4fdd\u503c\u9700\u6c42\u7684\u7c21\u55ae\u96c6\u5408\uff0c\u800c\u662f\u5728\u5411\u60c5\u611f\u8868\u9054\u3001\u6587\u5316\u8a8d\u540c\u3001\u5be9\u7f8e\u9ad4\u9a57\u548cIP\u806f\u540d\u7b49\u65b9\u5411\u5ef6\u5c55\u3002 2026\u5e741\u6708\uff0c\u516c\u53f8\u66f4\u65bc\u5317\u4eac\u8a2d\u7acb\u6587\u5275\u5206\u516c\u53f8\uff0c\u8457\u529b\u6316\u6398\u50b3\u7d71\u6587\u5316IP\u9644\u52a0\u503c\uff0c\u4ee5\u975e\u907a\u5de5\u85dd\u878d\u5408\u73fe\u4ee3\u8a2d\u8a08\uff0c\u5411\u6587\u5316\u50f9\u503c\u5275\u9020\u8005\u8f49\u578b\u3002\u7576\u54c1\u724c\u5f9e\u300c\u8cb4\u91d1\u5c6c\u6750\u8cea\u512a\u52e2\u300d\u5347\u7d1a\u70ba\u300c\u6587\u5316\u50f9\u503c\u627f\u8f09\u8005\u300d\uff0c\u516c\u53f8\u5247\u80fd\u7a81\u7834\u50b3\u7d71\u8db3\u91d1\u8cb4\u91d1\u5c6c\u6d88\u8cbb\u54c1\u7684\u4f30\u503c\u908a\u754c\uff0c\u6210\u70ba\u8eab\u4efd\u8868\u9054\u3001\u79ae\u8d08\u542b\u7fa9\u3001\u8a2d\u8a08\u8a9e\u8a00\u548c\u6587\u5316\u9644\u52a0\u503c\u7684\u8f09\u9ad4\u3002 \u4f5c\u70ba\u6e2f\u80a1\u4e3b\u677f\u300c\u91d1\u8868\u7b2c\u4e00\u80a1\u300d\uff0c\u5f9e\u55ae\u4e00\u54c1\u724c\u88fd\u9020\u5546\u5230\u300c\u8db3\u91d1\u8cb4\u91d1\u5c6c\u7a7f\u6234\u54c1\u724c+\u88fd\u9020\u5e73\u53f0+\u667a\u80fd\u65b0\u54c1\u985e\u300d\u751f\u614b\u69cb\u5efa\u8005\uff0c\u674e\u6c38\u5fe0\u8207\u897f\u666e\u5c3c\u7684\u6545\u4e8b\uff0c\u65e2\u662f\u4e2d\u570b\u88fd\u9020\u696d\u8f49\u578b\u5347\u7d1a\u7684\u7e2e\u5f71\uff0c\u4ea6\u662f\u6e2f\u80a1\u5e02\u5834\u652f\u6301\u512a\u8cea\u5167\u5730\u4f01\u696d\u6210\u9577\u50f9\u503c\u7684\u751f\u52d5\u6ce8\u8173\u30022026\u5e742\u6708\uff0c\u897f\u666e\u5c3c\u66f4\u6210\u529f\u7d0d\u5165MSCI\u5168\u7403\u5c0f\u578b\u80a1\u6307\u6578\uff0c\u570b\u969b\u8cc7\u672c\u8a8d\u53ef\u5ea6\u986f\u8457\u63d0\u5347\u3002 \u6b64\u6b21\u9999\u6e2f\u5546\u5831\u91d1\u9be4\u9d6c\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u96d9\u6599\u5927\u734e\u7684\u52a0\u5195\uff0c\u4e0d\u50c5\u662f\u5c0d\u904e\u5f80\u6210\u7e3e\u7684\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u672a\u4f86\u50f9\u503c\u7684\u671f\u8a31\u3002\u5728\u9ec3\u91d1\u6d88\u8cbb\u7684\u6587\u5316\u5c6c\u6027\u8207\u6295\u8cc7\u5c6c\u6027\u96d9\u91cd\u9a45\u52d5\u4e0b\uff0c\u5728\u667a\u80fd\u7a7f\u6234\u8207\u6587\u5275\u878d\u5408\u7684\u65b0\u8cfd\u9053\u958b\u62d3\u4e2d\uff0c\u897f\u666e\u5c3c\u7684\u6210\u9577\u6545\u4e8b\uff0c\u6216\u8a31\u624d\u525b\u525b\u7ffb\u958b\u5e8f\u7ae0\u3002 \u00a0<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_generate-full-width-content":"","spay_email":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e - \u9999\u6e2f\u7279\u8a31\u7d93\u71df<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e - \u9999\u6e2f\u7279\u8a31\u7d93\u71df\" \/>\n<meta property=\"og:description\" content=\"\u9999\u6e2f2026\u5e745\u670829\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; 2026\u5e745\u670826\u65e5\u4e0b\u5348\uff0c\u7531\u5168\u7403\u5546\u5831\u806f\u76df\u3001\u9999\u6e2f\u5546\u5831\u806f\u5408\u4e3b\u8fa6\u76842026\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u9812\u734e\u76db\u5178\uff0c\u5728\u9999\u6e2f\u9686\u91cd\u8209\u884c\u3002\u4f86\u81ea\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u3001\u884c\u696d\u5354\u6703\u3001\u4e0a\u5e02\u516c\u53f8\u3001\u91d1\u878d\u6a5f\u69cb\u7b49\u4e0a\u767e\u4f4d\u5609\u8cd3\u51fa\u5e2d\u3002 \u9999\u6e2f\u5546\u5831\u5e38\u52d9\u526f\u793e\u9577\u3001\u57f7\u884c\u7e3d\u7de8\u8f2f\u85cd\u5cb8\u3001\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u8ca1\u7d93\u4e8b\u52d9\u53ca\u5eab\u52d9\u5c40\u526f\u5c40\u9577\u9673\u6d69\u6fc2\u3001\u9999\u6e2f\u4e2d\u8cc7\u8b49\u5238\u696d\u5354\u6703\u6c38\u9060\u540d\u8b7d\u6703\u9577\u8b5a\u5cb3\u8861\u7b49\u591a\u4f4d\u9818\u5c0e\u53c3\u6703\u4e26\u81f4\u8fad\u3002 \u6703\u4e0a\u516c\u4f48\u4e862026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7372\u734e\u516c\u53f8\u53ca\u4f01\u696d\u5bb6\u540d\u55ae\u3002\u6e2f\u80a1\u4e3b\u677f\u65b0\u8cb4\u6df1\u5733\u897f\u666e\u5c3c\u7cbe\u5bc6\u79d1\u6280\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff08\u80a1\u4efd\u4ee3\u865f\uff1a2583.HK\uff0c\u4ee5\u4e0b\u7c21\u7a31\u300c\u897f\u666e\u5c3c\u300d\uff09\u6210\u70ba\u5168\u5834\u7126\u9ede\u3002\u516c\u53f8\u4e0d\u50c5\u4e00\u8209\u596a\u5f97\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u6b8a\u69ae\uff0c\u5176\u638c\u8235\u4eba\u3001\u8463\u4e8b\u6703\u4e3b\u5e2d\u674e\u6c38\u5fe0\u5148\u751f\u66f4\u69ae\u81ba\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u734e\u9805\u3002 \u9019\u4e00\u6210\u7e3e\uff0c\u65e2\u662f\u5c0d\u674e\u6c38\u5fe0\u5148\u751f\u591a\u5e74\u6df1\u8015\u8cb4\u91d1\u5c6c\u9418\u9336\u73e0\u5bf6\u884c\u696d\u7684\u6230\u7565\u773c\u5149\u8207\u9818\u5c0e\u529b\u7684\u5145\u5206\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u897f\u666e\u5c3c\u81ea2025\u5e749\u6708\u767b\u9678\u6e2f\u4ea4\u6240\u4e3b\u677f\u4ee5\u4f86\uff0c\u4ee5\u4e00\u4efd\u8fd1\u4e4e\u9a5a\u8c54\u7684\u9996\u4efd\u5e74\u5831\u6240\u5c55\u73fe\u51fa\u7684\u9ad8\u6210\u9577\u8cea\u5730\u8207\u50f9\u503c\u5275\u9020\u80fd\u529b\u7684\u9ad8\u5ea6\u8a8d\u53ef\u3002 \u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u81f3\u4eca\u5df2\u8209\u8fa6\u516b\u5c46\u3002\u672c\u5c462026\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7cfb\u5217\u6d3b\u52d5\u4ee5\u300c\u9328\u5b9a\u5341\u4e94\u4e94 \u6436\u6293\u65b0\u6a5f\u9047\u300d\u70ba\u4e3b\u984c\uff0c\u65e8\u5728\u805a\u7126\u5341\u4e94\u4e94\u898f\u5283\u767c\u5c55\u65b0\u52d5\u80fd\uff0c\u5c55\u73fe\u5177\u6709\u4ee3\u8868\u6027\u7684\u6a19\u6746\u4f01\u696d\uff0c\u4e26\u7d50\u5408\u9999\u6e2f\u7684\u7368\u7279\u512a\u52e2\uff0c\u70ba\u4e2d\u570b\u4f01\u696d\u5c0b\u627e\u5168\u7403\u767c\u5c55\u65b0\u6a5f\u9047\u3002 \u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u65e8\u5728\u9074\u9078\u5f15\u9818\u884c\u696d\u767c\u5c55\u8b8a\u9769\uff0c\u696d\u754c\u699c\u6a23\u6a19\u6746\u7684\u5091\u51fa\u4f01\u696d\u8207\u4eba\u7269\uff0c\u4ee5\u300c\u5275\u65b0\u6027\u3001\u516c\u53f8\u6cbb\u7406\u3001\u50f9\u503c\u529b\u3001\u6230\u7565\u524d\u77bb\u6027\u3001\u6210\u9577\u6027\u3001\u793e\u6703\u8cac\u4efb\u8207\u53ef\u6301\u7e8c\u767c\u5c55\u300d\u516d\u5927\u6838\u5fc3\u7dad\u5ea6\u70ba\u8a55\u5224\u6a19\u6e96\u3002\u5728\u7d44\u59d4\u6703\u548c\u4e3b\u8fa6\u6a5f\u69cb\u63a8\u85a6\u7684\u57fa\u790e\u4e0a\uff0c\u7d9c\u5408\u5165\u570d\u516c\u53f8\u53ca\u5c08\u696d\u8aee\u8a62\u6a5f\u69cb\u63d0\u4f9b\u7684\u5ba2\u89c0\u6307\u6a19\u548c\u4e3b\u89c0\u6307\u6a19\u5169\u5927\u6578\u64da\u6307\u6a19\u8a08\u5206\uff0c\u7d93\u904e\u5831\u540d\u521d\u5be9\u3001\u6578\u64da\u91c7\u96c6\u5be9\u5b9a\u3001\u5c08\u5bb6\u9867\u554f\u5718\u8a55\u5be9\u548c\u7d44\u59d4\u6703\u5b9a\u699c\u7b49\u74b0\u7bc0\uff0c\u6700\u7d42\u7522\u751f\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u4f01\u696d\u7372\u734e\u540d\u55ae\u3002 \u9996\u4efd\u5e74\u5831\u4ea4\u51fa\u9ad8\u5206\u7b54\u5377\uff1a\u71df\u6536\u589e33.8% \u6de8\u5229\u7ffb\u500d\u7834\u5104 \u5c0d\u65bc\u4e00\u5bb6\u4e0a\u5e02\u4e0d\u8db3\u4e00\u5e74\u7684\u6b21\u65b0\u80a1\u800c\u8a00\uff0c\u9996\u4efd\u5e74\u5ea6\u696d\u7e3e\u516c\u544a\u5f80\u5f80\u662f\u8cc7\u672c\u5e02\u5834\u6aa2\u9a57\u5176\u6210\u8272\u7684\u95dc\u9375\u6a19\u5c3a\u3002\u897f\u666e\u5c3c\u767c\u4f48\u76842025\u5e74\u5ea6\u696d\u7e3e\uff0c\u7121\u7591\u4ea4\u51fa\u4e86\u4e00\u4efd\u4ee4\u5e02\u5834\u5074\u76ee\u7684\u7b54\u5377\u3002 \u64da\u516c\u53f8\u5e74\u5831\u62ab\u9732\uff0c\u897f\u666e\u5c3c2025\u5e74\u5168\u5e74\u5be6\u73fe\u71df\u696d\u6536\u5165\u4eba\u6c11\u5e636.11\u5104\u5143\uff0c\u8f032024\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e634.57\u5104\u5143\u5927\u5e45\u589e\u957733.8%\uff1b\u66f4\u70ba\u4eae\u773c\u7684\u662f\uff0c\u671f\u5167\u6ea2\u5229\u7d04\u4eba\u6c11\u5e631.02\u5104\u5143\uff0c\u540c\u6bd4\u6fc0\u589e106.5%\uff0c\u6210\u529f\u7a81\u7834\u5104\u5143\u95dc\u53e3\u3002 \u5f9e\u76c8\u5229\u8cea\u91cf\u4f86\u770b\uff0c\u516c\u53f8\u6574\u9ad4\u6bdb\u5229\u7387\u75312024\u5e74\u768427.2%\u63d0\u5347\u81f331.5%\uff0c\u6de8\u5229\u7387\u4ea6\u5f9e10.8%\u5927\u5e45\u6539\u5584\u81f316.7%\uff0c\u589e\u5e45\u9ad8\u905454.6%\u3002\u6bdb\u5229\u984d\u9304\u5f97\u4eba\u6c11\u5e631.93\u5104\u5143\uff0c\u6309\u5e74\u589e\u957755.1%\uff0c\u986f\u8457\u9ad8\u65bc\u71df\u6536\u589e\u901f\uff0c\u53cd\u6620\u51fa\u516c\u53f8\u7522\u54c1\u7d50\u69cb\u512a\u5316\u8207\u6210\u672c\u7ba1\u63a7\u7684\u96d9\u91cd\u6210\u6548\u3002 \u9019\u4e00\u6307\u6a19\u7684\u542b\u91d1\u91cf\u6975\u9ad8\u3002\u7d30\u7d30\u62c6\u89e3\u8ca1\u5831\u53ef\u4ee5\u767c\u73fe\uff0c\u76c8\u5229\u80fd\u529b\u98c6\u5347\u7684\u6838\u5fc3\u767c\u52d5\u6a5f\u5728\u65bc\u6bdb\u5229\u7387\u7684\u8de8\u8d8a\u5f0f\u63d0\u5347\u2014\u2014\u75312024\u5e74\u768427.2%\u5f37\u52e2\u62c9\u5347\u81f331.5%\uff0c\u6de8\u5229\u7387\u66f4\u662f\u903c\u8fd116.7%\u3002 \u9019\u80cc\u5f8c\u7684\u95dc\u9375\uff0c\u5728\u65bc\u516c\u53f8\u6536\u5165\u7d50\u69cb\u548c\u6210\u672c\u7d50\u69cb\u90fd\u767c\u751f\u4e86\u7a4d\u6975\u8b8a\u5316\u3002\u50b3\u7d71\u7684\u9ec3\u91d1\u88fd\u9020\u696d\u5f80\u5f80\u88ab\u8996\u70ba\u300c\u6750\u6599\u642c\u904b\u5de5\u300d\uff0c\u6975\u6613\u53d7\u91d1\u50f9\u6ce2\u52d5\u64e0\u58d3\u3002\u4f46\u897f\u666e\u5c3c\u4f9d\u8a17\u5176\u7368\u6709\u7684\u8db3\u91d1\u786c\u5316\u6280\u8853\uff0c\u5728\u4fdd\u6301\u7522\u54c1\u7f8e\u5b78\u8207\u50f9\u503c\u611f\u7684\u524d\u63d0\u4e0b\uff0c\u901a\u904e\u7cbe\u5bc6\u88fd\u9020\u5de5\u85dd\u964d\u4f4e\u4e86\u55ae\u4f4d\u7522\u54c1\u7684\u7d14\u91d1\u7528\u91cf\uff0c\u5f9e\u800c\u5c07\u50f9\u503c\u91cd\u5fc3\u5f9e\u300c\u514b\u91cd\u300d\u8f49\u5411\u4e86\u300c\u5de5\u8cbb\u300d\u8207\u300c\u8a2d\u8a08\u300d\u3002 \u9019\u4e0d\u50c5\u662f\u6210\u672c\u7aef\u7684\u52dd\u5229\uff0c\u66f4\u662f\u8b70\u50f9\u80fd\u529b\u7684\u9ad4\u73fe\u3002\u897f\u666e\u5c3c\u901a\u904e\u63d0\u5347\u50b3\u7d71\u624b\u9336\u4e2d\u9ad8\u6bdb\u5229\u3001\u9ad8\u5de5\u85dd\u7522\u54c1\u7684\u5360\u6bd4\uff0c\u6709\u6548\u5c0d\u6c96\u4e86\u539f\u6750\u6599\u7aef\u7684\u6ce2\u52d5\uff0c\u5728\u7522\u54c1\u8a2d\u8a08\u3001\u5de5\u85dd\u7d50\u69cb\u548c\u88fd\u9020\u6548\u7387\u4e0a\u6301\u7e8c\u512a\u5316\uff0c\u5f9e\u800c\u628a\u898f\u6a21\u589e\u9577\u6709\u6548\u8f49\u5316\u70ba\u4e86\u5229\u6f64\u589e\u9577\u3002 \u8cc7\u7522\u8ca0\u50b5\u8868\u65b9\u9762\uff0c\u516c\u53f8\u671f\u672b\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u589e\u81f3\u4eba\u6c11\u5e632.03\u5104\u5143\uff0c\u8f032024\u5e74\u5e95\u7684\u4eba\u6c11\u5e630.14\u5104\u5143\u66b4\u589e1354.1%\uff0c\u8ca1\u52d9\u5f48\u6027\u986f\u8457\u589e\u5f37\uff1b\u6b0a\u76ca\u7e3d\u984d\u9054\u4eba\u6c11\u5e6310.31\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957756.4%\uff0c\u70ba\u5f8c\u7e8c\u696d\u52d9\u64f4\u5f35\u8207\u6230\u7565\u6295\u5165\u5960\u5b9a\u4e86\u5805\u5be6\u7684\u8cc7\u672c\u57fa\u790e\u3002 \u98fe\u54c1\u8cfd\u9053\u589e\u9577\u5f37\u52c1\uff0c\u6d77\u5916\u7248\u5716\u4e0d\u65b7\u62d3\u5c55 \u7d30\u62c6\u897f\u666e\u5c3c\u7684\u696d\u52d9\u7248\u5716\uff0c2025\u5e74\u6700\u5f15\u4eba\u6ce8\u76ee\u7684\u8b8a\u5316\u5728\u65bc\u6536\u5165\u7d50\u69cb\u7684\u6230\u7565\u6027\u91cd\u5851\u3002\u591a\u5e74\u4f86\uff0c\u897f\u666e\u5c3c\u7684\u696d\u52d9\u4e00\u662f\u81ea\u6709\u54c1\u724c\uff08OBM\uff09\u300cHIPINE\uff08\u897f\u666e\u5c3c\uff09\u300d\uff0c\u4e3b\u8981\u901a\u904e\u7dda\u4e0b\u8d853000\u500b\u96f6\u552e\u9ede\u53ca\u7dda\u4e0a\u96fb\u5546\u5e73\u53f0\u92b7\u552e\uff1b\u4e8c\u662f\u70ba\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u77e5\u540d\u54c1\u724c\u63d0\u4f9bODM\u670d\u52d9\uff0c\u5373\u8a2d\u8a08\u3001\u958b\u767c\u4e26\u88fd\u9020\u8cbc\u724c\u7522\u54c1\u3002 2025\u5e74\u98fe\u54c1\u696d\u52d9\u8207ODM\u696d\u52d9\u96d9\u8f2a\u7206\u767c\uff1a\u98fe\u54c1\u696d\u52d9\u5be6\u73fe\u6536\u5165\u4eba\u6c11\u5e632.98\u5104\u5143\uff0c\u8f032024\u5e74\u7684\u4eba\u6c11\u5e631.06\u5104\u5143\u98c6\u5347182.2%\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u753123.2%\u8e8d\u5347\u81f348.8%\uff0c\u5e7e\u4e4e\u8207\u624b\u9336\u696d\u52d9\u5e73\u5206\u79cb\u8272\uff0c\u986f\u793a\u51fa\u516c\u53f8\u5728\u8cb4\u91d1\u5c6c\u98fe\u54c1\u9818\u57df\u7684\u7814\u767c\u8a2d\u8a08\u8207\u4f9b\u61c9\u93c8\u97ff\u61c9\u80fd\u529b\u5df2\u7372\u5f97\u982d\u90e8\u5ba2\u6236\u7684\u5145\u5206\u8a8d\u53ef\u3002 ODM\u696d\u52d9\u6574\u9ad4\u6536\u5165\u9054\u4eba\u6c11\u5e632.87\u5104\u5143\uff0c\u540c\u6bd4\u589e\u9577141.9%\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u5f9e2024\u5e74\u768426.0%\u5927\u5e45\u63d0\u5347\u81f347.1%\u3002\u9019\u4e00\u8f49\u8b8a\u6a19\u8a8c\u8457\u897f\u666e\u5c3c\u6b63\u5f9e\u50b3\u7d71\u7684\u300c\u54c1\u724c\u88fd\u9020\u5546\u300d\u5411\u300c\u6280\u8853\u65b9\u6848\u63d0\u4f9b\u5546\u300d\u52a0\u901f\u9032\u5316\uff0c\u5176\u81ea\u4e3b\u7814\u767c\u7684\u300c\u8d85\u5206\u5b50\u9ec3\u91d1\u786c\u5316\u6280\u8853\u300d\u7b49\u6838\u5fc3\u5de5\u85dd\uff0c\u5df2\u6210\u70ba\u5411\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u570b\u5167\u77e5\u540d\u73e0\u5bf6\u54c1\u724c\u8f38\u51faODM\u670d\u52d9\u7684\u95dc\u9375\u6280\u8853\u58c1\u58d8\u3002 \u503c\u5f97\u95dc\u6ce8\u7684\u662f\uff0c\u516c\u53f8\u81ea\u6709\u54c1\u724c\uff08OBM\uff09\u696d\u52d9\u7dda\u4e0a\u76f4\u71df\u6e20\u9053\u6536\u5165\u540c\u6bd4\u589e\u957729.8%\uff0c\u96fb\u5546\u5316\u8f49\u578b\u6210\u6548\u521d\u986f\u3002\u622a\u81f32025\u5e74\u5e95\uff0c\u516c\u53f8\u5168\u570b\u7dda\u4e0b\u96f6\u552e\u9ede\u4ecd\u7dad\u6301\u57283,000\u500b\u4ee5\u4e0a\uff0c\u6e20\u9053\u6839\u57fa\u7a69\u56fa\u3002 \u5728\u5168\u7403\u5316\u62d3\u5c55\u65b9\u9762\uff0c\u897f\u666e\u5c3c\u5df2\u65bc2025\u5e74\u8207\u99ac\u4f86\u897f\u4e9e\u5408\u4f5c\u5925\u4f34\u5c55\u958b\u5408\u4f5c\uff0c\u5728\u7576\u5730\u7d93\u92b7\u53ca\u96f6\u552eHIPINE\uff08\u897f\u666e\u5c3c\uff09\u624b\u9336\u7522\u54c1\u3002\u6b64\u5916\uff0c\u516c\u53f8\u4e5f\u6b63\u70ba\u9032\u5165\u4e2d\u6771\u5e02\u5834\u505a\u6e96\u5099\u3002\u6839\u64da\u707c\u8b58\u8aee\u8a62\u7684\u5831\u544a\uff0c\u6309GMV\u8a08\uff0c\u9810\u8a08\u52302029\u5e74\u4e2d\u6771\u53ca\u6771\u5357\u4e9e\u9ec3\u91d1\u624b\u9336\u53ca\u9472\u8cb4\u91d1\u5c6c\u624b\u9336\u7684\u5e02\u5834\u898f\u6a21\u5c07\u5206\u5225\u9054\u523074.6\u5104\u5143\u53ca66.6\u5104\u5143\uff0c\u5169\u5927\u5e02\u5834\u7684\u7e3d\u9ad4\u898f\u6a21\u5df2\u8d85\u904e\u4e2d\u570b\u672c\u571f\u5e02\u5834\uff0c\u524d\u666f\u5145\u6eff\u60f3\u50cf\u7a7a\u9593\u3002 \u5f37\u5316\u79d1\u6280\u5275\u65b0\u8207\u6587\u5316\u50f9\u503c\u5347\u7dad\uff0c\u6216\u6210\u7b2c\u4e8c\u589e\u9577\u66f2\u7dda \u897f\u666e\u5c3c\u7684\u6210\u9577\u6f5b\u529b\uff0c\u4e0d\u50c5\u9ad4\u73fe\u5728\u8ca1\u52d9\u6578\u5b57\u7684\u8e8d\u5347\uff0c\u66f4\u5728\u65bc\u5176\u6230\u7565\u9858\u666f\u7684\u524d\u77bb\u4f48\u5c40\u3002\u516c\u53f8\u660e\u78ba\u5c07\u672a\u4f86\u767c\u5c55\u65b9\u5411\u9396\u5b9a\u70ba\u300c\u6e20\u9053\u6df1\u5316\u3001\u5168\u7403\u5316\u62d3\u5c55\u3001\u6587\u5316\u8ce6\u80fd\u3001\u7522\u54c1\u5275\u65b0\u300d\u56db\u5927\u4e3b\u8ef8\uff0c\u63a8\u52d5\u5f9e\u50b3\u7d71\u8cb4\u91d1\u5c6c\u624b\u9336\u88fd\u9020\u5546\u5411\u300c\u9ec3\u91d1\uff0b\u79d1\u6280\uff0b\u6587\u5275\u300d\u7d9c\u5408\u50f9\u503c\u5275\u9020\u8005\u7684\u6230\u7565\u5347\u7dad\u3002 \u5728\u7522\u54c1\u5275\u65b0\u7dad\u5ea6\uff0c\u897f\u666e\u5c3c\u6301\u7e8c\u52a0\u78bc\u667a\u80fd\u7a7f\u6234\u8cfd\u9053\u3002\u516c\u53f8\u5df2\u8207\u83ef\u70ba\u9054\u6210\u6df1\u5ea6\u5408\u4f5c\uff0c\u63a8\u51fa\u642d\u8f09\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u5316\u8db3\u91d1\u667a\u80fd\u624b\u9336\uff0c\u6210\u529f\u5207\u5165\u4f01\u696d\u79ae\u54c1\u5b9a\u5236\u5e02\u5834\uff0c\u4e26\u62d3\u5c55\u81f3\u9152\u985e\u3001\u9280\u884c\u3001\u6c7d\u8eca\u7b49\u884c\u696d\u6e20\u9053\u3002\u696d\u7e3e\u516c\u544a\u986f\u793a\uff0c\u516c\u53f8\u9084\u8207\u4e00\u5bb6\u7e3d\u90e8\u4f4d\u65bc\u6c5f\u8607\u3001\u5728\u9999\u6e2f\u4e0a\u5e02\u7684\u88fd\u85e5\u516c\u53f8\u9644\u5c6c\u516c\u53f8\u7c3d\u7f72\u6846\u67b6\u5354\u8b70\uff0c\u5171\u540c\u958b\u767c\u53ca\u92b7\u552e\u96c6\u6210\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u667a\u80fd\u624b\u9336\u3002 \u667a\u80fd\u751f\u614b\u662f\u53e6\u4e00\u91cd\u60f3\u50cf\u3002\u96a8\u8457AI\u8207\u842c\u7269\u4e92\u806f\u6642\u4ee3\u7684\u5230\u4f86\uff0c\u624b\u9336\u548c\u98fe\u54c1\u4f5c\u70ba\u4eba\u9ad4\u50b3\u611f\u5668\u7684\u5929\u7136\u8f09\u9ad4\uff0c\u5165\u53e3\u50f9\u503c\u4e0d\u53ef\u4f30\u91cf\u3002\u897f\u666e\u5c3c\u7684\u8cb4\u91d1\u5c6c\u667a\u80fd\u6212\u6307\u3001\u667a\u80fd\u73e0\u5bf6\uff0c\u6b63\u5728\u69cb\u5efa\u4e00\u500b\u5168\u65b0\u7684\u3001\u9ad8\u5ba2\u55ae\u50f9\u7684\u667a\u80fd\u786c\u4ef6\u5165\u53e3\u3002 \u5728\u7ba1\u7406\u5c64\u5c0d\u897f\u666e\u5c3c\u672a\u4f86\u767c\u5c55\u7684\u898f\u5283\u4e2d\uff0c\u6587\u5316\u5c6c\u6027\u8207\u6587\u5316\u50f9\u503c\u5c07\u8d85\u8d8a\u8cb4\u91d1\u5c6c\u88fd\u9020\u672c\u8eab\uff0c\u8207\u79d1\u6280\u5c6c\u6027\u4e00\u9053\uff0c\u6210\u70ba\u516c\u53f8\u6230\u7565\u5347\u7d1a\u7684\u6838\u5fc3\u7d44\u6210\u90e8\u5206\u3002\u5f9e\u884c\u696d\u8da8\u52e2\u770b\uff0c\u9ec3\u91d1\u6d88\u8cbb\u5df2\u7d93\u4e0d\u518d\u53ea\u662f\u50b3\u7d71\u5a5a\u6176\u3001\u7bc0\u6176\u548c\u4fdd\u503c\u9700\u6c42\u7684\u7c21\u55ae\u96c6\u5408\uff0c\u800c\u662f\u5728\u5411\u60c5\u611f\u8868\u9054\u3001\u6587\u5316\u8a8d\u540c\u3001\u5be9\u7f8e\u9ad4\u9a57\u548cIP\u806f\u540d\u7b49\u65b9\u5411\u5ef6\u5c55\u3002 2026\u5e741\u6708\uff0c\u516c\u53f8\u66f4\u65bc\u5317\u4eac\u8a2d\u7acb\u6587\u5275\u5206\u516c\u53f8\uff0c\u8457\u529b\u6316\u6398\u50b3\u7d71\u6587\u5316IP\u9644\u52a0\u503c\uff0c\u4ee5\u975e\u907a\u5de5\u85dd\u878d\u5408\u73fe\u4ee3\u8a2d\u8a08\uff0c\u5411\u6587\u5316\u50f9\u503c\u5275\u9020\u8005\u8f49\u578b\u3002\u7576\u54c1\u724c\u5f9e\u300c\u8cb4\u91d1\u5c6c\u6750\u8cea\u512a\u52e2\u300d\u5347\u7d1a\u70ba\u300c\u6587\u5316\u50f9\u503c\u627f\u8f09\u8005\u300d\uff0c\u516c\u53f8\u5247\u80fd\u7a81\u7834\u50b3\u7d71\u8db3\u91d1\u8cb4\u91d1\u5c6c\u6d88\u8cbb\u54c1\u7684\u4f30\u503c\u908a\u754c\uff0c\u6210\u70ba\u8eab\u4efd\u8868\u9054\u3001\u79ae\u8d08\u542b\u7fa9\u3001\u8a2d\u8a08\u8a9e\u8a00\u548c\u6587\u5316\u9644\u52a0\u503c\u7684\u8f09\u9ad4\u3002 \u4f5c\u70ba\u6e2f\u80a1\u4e3b\u677f\u300c\u91d1\u8868\u7b2c\u4e00\u80a1\u300d\uff0c\u5f9e\u55ae\u4e00\u54c1\u724c\u88fd\u9020\u5546\u5230\u300c\u8db3\u91d1\u8cb4\u91d1\u5c6c\u7a7f\u6234\u54c1\u724c+\u88fd\u9020\u5e73\u53f0+\u667a\u80fd\u65b0\u54c1\u985e\u300d\u751f\u614b\u69cb\u5efa\u8005\uff0c\u674e\u6c38\u5fe0\u8207\u897f\u666e\u5c3c\u7684\u6545\u4e8b\uff0c\u65e2\u662f\u4e2d\u570b\u88fd\u9020\u696d\u8f49\u578b\u5347\u7d1a\u7684\u7e2e\u5f71\uff0c\u4ea6\u662f\u6e2f\u80a1\u5e02\u5834\u652f\u6301\u512a\u8cea\u5167\u5730\u4f01\u696d\u6210\u9577\u50f9\u503c\u7684\u751f\u52d5\u6ce8\u8173\u30022026\u5e742\u6708\uff0c\u897f\u666e\u5c3c\u66f4\u6210\u529f\u7d0d\u5165MSCI\u5168\u7403\u5c0f\u578b\u80a1\u6307\u6578\uff0c\u570b\u969b\u8cc7\u672c\u8a8d\u53ef\u5ea6\u986f\u8457\u63d0\u5347\u3002 \u6b64\u6b21\u9999\u6e2f\u5546\u5831\u91d1\u9be4\u9d6c\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u96d9\u6599\u5927\u734e\u7684\u52a0\u5195\uff0c\u4e0d\u50c5\u662f\u5c0d\u904e\u5f80\u6210\u7e3e\u7684\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u672a\u4f86\u50f9\u503c\u7684\u671f\u8a31\u3002\u5728\u9ec3\u91d1\u6d88\u8cbb\u7684\u6587\u5316\u5c6c\u6027\u8207\u6295\u8cc7\u5c6c\u6027\u96d9\u91cd\u9a45\u52d5\u4e0b\uff0c\u5728\u667a\u80fd\u7a7f\u6234\u8207\u6587\u5275\u878d\u5408\u7684\u65b0\u8cfd\u9053\u958b\u62d3\u4e2d\uff0c\u897f\u666e\u5c3c\u7684\u6210\u9577\u6545\u4e8b\uff0c\u6216\u8a31\u624d\u525b\u525b\u7ffb\u958b\u5e8f\u7ae0\u3002 \u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080\" \/>\n<meta property=\"og:site_name\" content=\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-29T00:57:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e\",\"datePublished\":\"2026-05-29T00:57:00+00:00\",\"dateModified\":\"2026-05-29T00:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080\"},\"wordCount\":15,\"publisher\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\"},\"articleSection\":[\"\u672a\u5206\u985e\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080\",\"url\":\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080\",\"name\":\"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e - \u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"isPartOf\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#website\"},\"datePublished\":\"2026-05-29T00:57:00+00:00\",\"dateModified\":\"2026-05-29T00:57:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9801\",\"item\":\"https:\/\/www.franchise.com.hk\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#website\",\"url\":\"https:\/\/www.franchise.com.hk\/en\",\"name\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"description\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df | Franchise HK\",\"publisher\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.franchise.com.hk\/en?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\",\"name\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"url\":\"https:\/\/www.franchise.com.hk\/en\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1\",\"width\":350,\"height\":76,\"caption\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\"},\"image\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080","og_locale":"en_US","og_type":"article","og_title":"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","og_description":"\u9999\u6e2f2026\u5e745\u670829\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; 2026\u5e745\u670826\u65e5\u4e0b\u5348\uff0c\u7531\u5168\u7403\u5546\u5831\u806f\u76df\u3001\u9999\u6e2f\u5546\u5831\u806f\u5408\u4e3b\u8fa6\u76842026\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u9812\u734e\u76db\u5178\uff0c\u5728\u9999\u6e2f\u9686\u91cd\u8209\u884c\u3002\u4f86\u81ea\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u3001\u884c\u696d\u5354\u6703\u3001\u4e0a\u5e02\u516c\u53f8\u3001\u91d1\u878d\u6a5f\u69cb\u7b49\u4e0a\u767e\u4f4d\u5609\u8cd3\u51fa\u5e2d\u3002 \u9999\u6e2f\u5546\u5831\u5e38\u52d9\u526f\u793e\u9577\u3001\u57f7\u884c\u7e3d\u7de8\u8f2f\u85cd\u5cb8\u3001\u9999\u6e2f\u7279\u5340\u653f\u5e9c\u8ca1\u7d93\u4e8b\u52d9\u53ca\u5eab\u52d9\u5c40\u526f\u5c40\u9577\u9673\u6d69\u6fc2\u3001\u9999\u6e2f\u4e2d\u8cc7\u8b49\u5238\u696d\u5354\u6703\u6c38\u9060\u540d\u8b7d\u6703\u9577\u8b5a\u5cb3\u8861\u7b49\u591a\u4f4d\u9818\u5c0e\u53c3\u6703\u4e26\u81f4\u8fad\u3002 \u6703\u4e0a\u516c\u4f48\u4e862026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7372\u734e\u516c\u53f8\u53ca\u4f01\u696d\u5bb6\u540d\u55ae\u3002\u6e2f\u80a1\u4e3b\u677f\u65b0\u8cb4\u6df1\u5733\u897f\u666e\u5c3c\u7cbe\u5bc6\u79d1\u6280\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff08\u80a1\u4efd\u4ee3\u865f\uff1a2583.HK\uff0c\u4ee5\u4e0b\u7c21\u7a31\u300c\u897f\u666e\u5c3c\u300d\uff09\u6210\u70ba\u5168\u5834\u7126\u9ede\u3002\u516c\u53f8\u4e0d\u50c5\u4e00\u8209\u596a\u5f97\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u6b8a\u69ae\uff0c\u5176\u638c\u8235\u4eba\u3001\u8463\u4e8b\u6703\u4e3b\u5e2d\u674e\u6c38\u5fe0\u5148\u751f\u66f4\u69ae\u81ba\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u734e\u9805\u3002 \u9019\u4e00\u6210\u7e3e\uff0c\u65e2\u662f\u5c0d\u674e\u6c38\u5fe0\u5148\u751f\u591a\u5e74\u6df1\u8015\u8cb4\u91d1\u5c6c\u9418\u9336\u73e0\u5bf6\u884c\u696d\u7684\u6230\u7565\u773c\u5149\u8207\u9818\u5c0e\u529b\u7684\u5145\u5206\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u897f\u666e\u5c3c\u81ea2025\u5e749\u6708\u767b\u9678\u6e2f\u4ea4\u6240\u4e3b\u677f\u4ee5\u4f86\uff0c\u4ee5\u4e00\u4efd\u8fd1\u4e4e\u9a5a\u8c54\u7684\u9996\u4efd\u5e74\u5831\u6240\u5c55\u73fe\u51fa\u7684\u9ad8\u6210\u9577\u8cea\u5730\u8207\u50f9\u503c\u5275\u9020\u80fd\u529b\u7684\u9ad8\u5ea6\u8a8d\u53ef\u3002 \u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u81f3\u4eca\u5df2\u8209\u8fa6\u516b\u5c46\u3002\u672c\u5c462026\u5168\u7403\u5546\u5831\u7d93\u6fdf\u8ad6\u58c7\u66a8\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u7cfb\u5217\u6d3b\u52d5\u4ee5\u300c\u9328\u5b9a\u5341\u4e94\u4e94 \u6436\u6293\u65b0\u6a5f\u9047\u300d\u70ba\u4e3b\u984c\uff0c\u65e8\u5728\u805a\u7126\u5341\u4e94\u4e94\u898f\u5283\u767c\u5c55\u65b0\u52d5\u80fd\uff0c\u5c55\u73fe\u5177\u6709\u4ee3\u8868\u6027\u7684\u6a19\u6746\u4f01\u696d\uff0c\u4e26\u7d50\u5408\u9999\u6e2f\u7684\u7368\u7279\u512a\u52e2\uff0c\u70ba\u4e2d\u570b\u4f01\u696d\u5c0b\u627e\u5168\u7403\u767c\u5c55\u65b0\u6a5f\u9047\u3002 \u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u65e8\u5728\u9074\u9078\u5f15\u9818\u884c\u696d\u767c\u5c55\u8b8a\u9769\uff0c\u696d\u754c\u699c\u6a23\u6a19\u6746\u7684\u5091\u51fa\u4f01\u696d\u8207\u4eba\u7269\uff0c\u4ee5\u300c\u5275\u65b0\u6027\u3001\u516c\u53f8\u6cbb\u7406\u3001\u50f9\u503c\u529b\u3001\u6230\u7565\u524d\u77bb\u6027\u3001\u6210\u9577\u6027\u3001\u793e\u6703\u8cac\u4efb\u8207\u53ef\u6301\u7e8c\u767c\u5c55\u300d\u516d\u5927\u6838\u5fc3\u7dad\u5ea6\u70ba\u8a55\u5224\u6a19\u6e96\u3002\u5728\u7d44\u59d4\u6703\u548c\u4e3b\u8fa6\u6a5f\u69cb\u63a8\u85a6\u7684\u57fa\u790e\u4e0a\uff0c\u7d9c\u5408\u5165\u570d\u516c\u53f8\u53ca\u5c08\u696d\u8aee\u8a62\u6a5f\u69cb\u63d0\u4f9b\u7684\u5ba2\u89c0\u6307\u6a19\u548c\u4e3b\u89c0\u6307\u6a19\u5169\u5927\u6578\u64da\u6307\u6a19\u8a08\u5206\uff0c\u7d93\u904e\u5831\u540d\u521d\u5be9\u3001\u6578\u64da\u91c7\u96c6\u5be9\u5b9a\u3001\u5c08\u5bb6\u9867\u554f\u5718\u8a55\u5be9\u548c\u7d44\u59d4\u6703\u5b9a\u699c\u7b49\u74b0\u7bc0\uff0c\u6700\u7d42\u7522\u751f\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u4f01\u696d\u7372\u734e\u540d\u55ae\u3002 \u9996\u4efd\u5e74\u5831\u4ea4\u51fa\u9ad8\u5206\u7b54\u5377\uff1a\u71df\u6536\u589e33.8% \u6de8\u5229\u7ffb\u500d\u7834\u5104 \u5c0d\u65bc\u4e00\u5bb6\u4e0a\u5e02\u4e0d\u8db3\u4e00\u5e74\u7684\u6b21\u65b0\u80a1\u800c\u8a00\uff0c\u9996\u4efd\u5e74\u5ea6\u696d\u7e3e\u516c\u544a\u5f80\u5f80\u662f\u8cc7\u672c\u5e02\u5834\u6aa2\u9a57\u5176\u6210\u8272\u7684\u95dc\u9375\u6a19\u5c3a\u3002\u897f\u666e\u5c3c\u767c\u4f48\u76842025\u5e74\u5ea6\u696d\u7e3e\uff0c\u7121\u7591\u4ea4\u51fa\u4e86\u4e00\u4efd\u4ee4\u5e02\u5834\u5074\u76ee\u7684\u7b54\u5377\u3002 \u64da\u516c\u53f8\u5e74\u5831\u62ab\u9732\uff0c\u897f\u666e\u5c3c2025\u5e74\u5168\u5e74\u5be6\u73fe\u71df\u696d\u6536\u5165\u4eba\u6c11\u5e636.11\u5104\u5143\uff0c\u8f032024\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e634.57\u5104\u5143\u5927\u5e45\u589e\u957733.8%\uff1b\u66f4\u70ba\u4eae\u773c\u7684\u662f\uff0c\u671f\u5167\u6ea2\u5229\u7d04\u4eba\u6c11\u5e631.02\u5104\u5143\uff0c\u540c\u6bd4\u6fc0\u589e106.5%\uff0c\u6210\u529f\u7a81\u7834\u5104\u5143\u95dc\u53e3\u3002 \u5f9e\u76c8\u5229\u8cea\u91cf\u4f86\u770b\uff0c\u516c\u53f8\u6574\u9ad4\u6bdb\u5229\u7387\u75312024\u5e74\u768427.2%\u63d0\u5347\u81f331.5%\uff0c\u6de8\u5229\u7387\u4ea6\u5f9e10.8%\u5927\u5e45\u6539\u5584\u81f316.7%\uff0c\u589e\u5e45\u9ad8\u905454.6%\u3002\u6bdb\u5229\u984d\u9304\u5f97\u4eba\u6c11\u5e631.93\u5104\u5143\uff0c\u6309\u5e74\u589e\u957755.1%\uff0c\u986f\u8457\u9ad8\u65bc\u71df\u6536\u589e\u901f\uff0c\u53cd\u6620\u51fa\u516c\u53f8\u7522\u54c1\u7d50\u69cb\u512a\u5316\u8207\u6210\u672c\u7ba1\u63a7\u7684\u96d9\u91cd\u6210\u6548\u3002 \u9019\u4e00\u6307\u6a19\u7684\u542b\u91d1\u91cf\u6975\u9ad8\u3002\u7d30\u7d30\u62c6\u89e3\u8ca1\u5831\u53ef\u4ee5\u767c\u73fe\uff0c\u76c8\u5229\u80fd\u529b\u98c6\u5347\u7684\u6838\u5fc3\u767c\u52d5\u6a5f\u5728\u65bc\u6bdb\u5229\u7387\u7684\u8de8\u8d8a\u5f0f\u63d0\u5347\u2014\u2014\u75312024\u5e74\u768427.2%\u5f37\u52e2\u62c9\u5347\u81f331.5%\uff0c\u6de8\u5229\u7387\u66f4\u662f\u903c\u8fd116.7%\u3002 \u9019\u80cc\u5f8c\u7684\u95dc\u9375\uff0c\u5728\u65bc\u516c\u53f8\u6536\u5165\u7d50\u69cb\u548c\u6210\u672c\u7d50\u69cb\u90fd\u767c\u751f\u4e86\u7a4d\u6975\u8b8a\u5316\u3002\u50b3\u7d71\u7684\u9ec3\u91d1\u88fd\u9020\u696d\u5f80\u5f80\u88ab\u8996\u70ba\u300c\u6750\u6599\u642c\u904b\u5de5\u300d\uff0c\u6975\u6613\u53d7\u91d1\u50f9\u6ce2\u52d5\u64e0\u58d3\u3002\u4f46\u897f\u666e\u5c3c\u4f9d\u8a17\u5176\u7368\u6709\u7684\u8db3\u91d1\u786c\u5316\u6280\u8853\uff0c\u5728\u4fdd\u6301\u7522\u54c1\u7f8e\u5b78\u8207\u50f9\u503c\u611f\u7684\u524d\u63d0\u4e0b\uff0c\u901a\u904e\u7cbe\u5bc6\u88fd\u9020\u5de5\u85dd\u964d\u4f4e\u4e86\u55ae\u4f4d\u7522\u54c1\u7684\u7d14\u91d1\u7528\u91cf\uff0c\u5f9e\u800c\u5c07\u50f9\u503c\u91cd\u5fc3\u5f9e\u300c\u514b\u91cd\u300d\u8f49\u5411\u4e86\u300c\u5de5\u8cbb\u300d\u8207\u300c\u8a2d\u8a08\u300d\u3002 \u9019\u4e0d\u50c5\u662f\u6210\u672c\u7aef\u7684\u52dd\u5229\uff0c\u66f4\u662f\u8b70\u50f9\u80fd\u529b\u7684\u9ad4\u73fe\u3002\u897f\u666e\u5c3c\u901a\u904e\u63d0\u5347\u50b3\u7d71\u624b\u9336\u4e2d\u9ad8\u6bdb\u5229\u3001\u9ad8\u5de5\u85dd\u7522\u54c1\u7684\u5360\u6bd4\uff0c\u6709\u6548\u5c0d\u6c96\u4e86\u539f\u6750\u6599\u7aef\u7684\u6ce2\u52d5\uff0c\u5728\u7522\u54c1\u8a2d\u8a08\u3001\u5de5\u85dd\u7d50\u69cb\u548c\u88fd\u9020\u6548\u7387\u4e0a\u6301\u7e8c\u512a\u5316\uff0c\u5f9e\u800c\u628a\u898f\u6a21\u589e\u9577\u6709\u6548\u8f49\u5316\u70ba\u4e86\u5229\u6f64\u589e\u9577\u3002 \u8cc7\u7522\u8ca0\u50b5\u8868\u65b9\u9762\uff0c\u516c\u53f8\u671f\u672b\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u589e\u81f3\u4eba\u6c11\u5e632.03\u5104\u5143\uff0c\u8f032024\u5e74\u5e95\u7684\u4eba\u6c11\u5e630.14\u5104\u5143\u66b4\u589e1354.1%\uff0c\u8ca1\u52d9\u5f48\u6027\u986f\u8457\u589e\u5f37\uff1b\u6b0a\u76ca\u7e3d\u984d\u9054\u4eba\u6c11\u5e6310.31\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957756.4%\uff0c\u70ba\u5f8c\u7e8c\u696d\u52d9\u64f4\u5f35\u8207\u6230\u7565\u6295\u5165\u5960\u5b9a\u4e86\u5805\u5be6\u7684\u8cc7\u672c\u57fa\u790e\u3002 \u98fe\u54c1\u8cfd\u9053\u589e\u9577\u5f37\u52c1\uff0c\u6d77\u5916\u7248\u5716\u4e0d\u65b7\u62d3\u5c55 \u7d30\u62c6\u897f\u666e\u5c3c\u7684\u696d\u52d9\u7248\u5716\uff0c2025\u5e74\u6700\u5f15\u4eba\u6ce8\u76ee\u7684\u8b8a\u5316\u5728\u65bc\u6536\u5165\u7d50\u69cb\u7684\u6230\u7565\u6027\u91cd\u5851\u3002\u591a\u5e74\u4f86\uff0c\u897f\u666e\u5c3c\u7684\u696d\u52d9\u4e00\u662f\u81ea\u6709\u54c1\u724c\uff08OBM\uff09\u300cHIPINE\uff08\u897f\u666e\u5c3c\uff09\u300d\uff0c\u4e3b\u8981\u901a\u904e\u7dda\u4e0b\u8d853000\u500b\u96f6\u552e\u9ede\u53ca\u7dda\u4e0a\u96fb\u5546\u5e73\u53f0\u92b7\u552e\uff1b\u4e8c\u662f\u70ba\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u77e5\u540d\u54c1\u724c\u63d0\u4f9bODM\u670d\u52d9\uff0c\u5373\u8a2d\u8a08\u3001\u958b\u767c\u4e26\u88fd\u9020\u8cbc\u724c\u7522\u54c1\u3002 2025\u5e74\u98fe\u54c1\u696d\u52d9\u8207ODM\u696d\u52d9\u96d9\u8f2a\u7206\u767c\uff1a\u98fe\u54c1\u696d\u52d9\u5be6\u73fe\u6536\u5165\u4eba\u6c11\u5e632.98\u5104\u5143\uff0c\u8f032024\u5e74\u7684\u4eba\u6c11\u5e631.06\u5104\u5143\u98c6\u5347182.2%\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u753123.2%\u8e8d\u5347\u81f348.8%\uff0c\u5e7e\u4e4e\u8207\u624b\u9336\u696d\u52d9\u5e73\u5206\u79cb\u8272\uff0c\u986f\u793a\u51fa\u516c\u53f8\u5728\u8cb4\u91d1\u5c6c\u98fe\u54c1\u9818\u57df\u7684\u7814\u767c\u8a2d\u8a08\u8207\u4f9b\u61c9\u93c8\u97ff\u61c9\u80fd\u529b\u5df2\u7372\u5f97\u982d\u90e8\u5ba2\u6236\u7684\u5145\u5206\u8a8d\u53ef\u3002 ODM\u696d\u52d9\u6574\u9ad4\u6536\u5165\u9054\u4eba\u6c11\u5e632.87\u5104\u5143\uff0c\u540c\u6bd4\u589e\u9577141.9%\uff0c\u5360\u7e3d\u6536\u5165\u6bd4\u91cd\u5f9e2024\u5e74\u768426.0%\u5927\u5e45\u63d0\u5347\u81f347.1%\u3002\u9019\u4e00\u8f49\u8b8a\u6a19\u8a8c\u8457\u897f\u666e\u5c3c\u6b63\u5f9e\u50b3\u7d71\u7684\u300c\u54c1\u724c\u88fd\u9020\u5546\u300d\u5411\u300c\u6280\u8853\u65b9\u6848\u63d0\u4f9b\u5546\u300d\u52a0\u901f\u9032\u5316\uff0c\u5176\u81ea\u4e3b\u7814\u767c\u7684\u300c\u8d85\u5206\u5b50\u9ec3\u91d1\u786c\u5316\u6280\u8853\u300d\u7b49\u6838\u5fc3\u5de5\u85dd\uff0c\u5df2\u6210\u70ba\u5411\u8001\u9cf3\u7965\u3001\u4e2d\u570b\u73e0\u5bf6\u3001\u5468\u5927\u751f\u7b49\u570b\u5167\u77e5\u540d\u73e0\u5bf6\u54c1\u724c\u8f38\u51faODM\u670d\u52d9\u7684\u95dc\u9375\u6280\u8853\u58c1\u58d8\u3002 \u503c\u5f97\u95dc\u6ce8\u7684\u662f\uff0c\u516c\u53f8\u81ea\u6709\u54c1\u724c\uff08OBM\uff09\u696d\u52d9\u7dda\u4e0a\u76f4\u71df\u6e20\u9053\u6536\u5165\u540c\u6bd4\u589e\u957729.8%\uff0c\u96fb\u5546\u5316\u8f49\u578b\u6210\u6548\u521d\u986f\u3002\u622a\u81f32025\u5e74\u5e95\uff0c\u516c\u53f8\u5168\u570b\u7dda\u4e0b\u96f6\u552e\u9ede\u4ecd\u7dad\u6301\u57283,000\u500b\u4ee5\u4e0a\uff0c\u6e20\u9053\u6839\u57fa\u7a69\u56fa\u3002 \u5728\u5168\u7403\u5316\u62d3\u5c55\u65b9\u9762\uff0c\u897f\u666e\u5c3c\u5df2\u65bc2025\u5e74\u8207\u99ac\u4f86\u897f\u4e9e\u5408\u4f5c\u5925\u4f34\u5c55\u958b\u5408\u4f5c\uff0c\u5728\u7576\u5730\u7d93\u92b7\u53ca\u96f6\u552eHIPINE\uff08\u897f\u666e\u5c3c\uff09\u624b\u9336\u7522\u54c1\u3002\u6b64\u5916\uff0c\u516c\u53f8\u4e5f\u6b63\u70ba\u9032\u5165\u4e2d\u6771\u5e02\u5834\u505a\u6e96\u5099\u3002\u6839\u64da\u707c\u8b58\u8aee\u8a62\u7684\u5831\u544a\uff0c\u6309GMV\u8a08\uff0c\u9810\u8a08\u52302029\u5e74\u4e2d\u6771\u53ca\u6771\u5357\u4e9e\u9ec3\u91d1\u624b\u9336\u53ca\u9472\u8cb4\u91d1\u5c6c\u624b\u9336\u7684\u5e02\u5834\u898f\u6a21\u5c07\u5206\u5225\u9054\u523074.6\u5104\u5143\u53ca66.6\u5104\u5143\uff0c\u5169\u5927\u5e02\u5834\u7684\u7e3d\u9ad4\u898f\u6a21\u5df2\u8d85\u904e\u4e2d\u570b\u672c\u571f\u5e02\u5834\uff0c\u524d\u666f\u5145\u6eff\u60f3\u50cf\u7a7a\u9593\u3002 \u5f37\u5316\u79d1\u6280\u5275\u65b0\u8207\u6587\u5316\u50f9\u503c\u5347\u7dad\uff0c\u6216\u6210\u7b2c\u4e8c\u589e\u9577\u66f2\u7dda \u897f\u666e\u5c3c\u7684\u6210\u9577\u6f5b\u529b\uff0c\u4e0d\u50c5\u9ad4\u73fe\u5728\u8ca1\u52d9\u6578\u5b57\u7684\u8e8d\u5347\uff0c\u66f4\u5728\u65bc\u5176\u6230\u7565\u9858\u666f\u7684\u524d\u77bb\u4f48\u5c40\u3002\u516c\u53f8\u660e\u78ba\u5c07\u672a\u4f86\u767c\u5c55\u65b9\u5411\u9396\u5b9a\u70ba\u300c\u6e20\u9053\u6df1\u5316\u3001\u5168\u7403\u5316\u62d3\u5c55\u3001\u6587\u5316\u8ce6\u80fd\u3001\u7522\u54c1\u5275\u65b0\u300d\u56db\u5927\u4e3b\u8ef8\uff0c\u63a8\u52d5\u5f9e\u50b3\u7d71\u8cb4\u91d1\u5c6c\u624b\u9336\u88fd\u9020\u5546\u5411\u300c\u9ec3\u91d1\uff0b\u79d1\u6280\uff0b\u6587\u5275\u300d\u7d9c\u5408\u50f9\u503c\u5275\u9020\u8005\u7684\u6230\u7565\u5347\u7dad\u3002 \u5728\u7522\u54c1\u5275\u65b0\u7dad\u5ea6\uff0c\u897f\u666e\u5c3c\u6301\u7e8c\u52a0\u78bc\u667a\u80fd\u7a7f\u6234\u8cfd\u9053\u3002\u516c\u53f8\u5df2\u8207\u83ef\u70ba\u9054\u6210\u6df1\u5ea6\u5408\u4f5c\uff0c\u63a8\u51fa\u642d\u8f09\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u5316\u8db3\u91d1\u667a\u80fd\u624b\u9336\uff0c\u6210\u529f\u5207\u5165\u4f01\u696d\u79ae\u54c1\u5b9a\u5236\u5e02\u5834\uff0c\u4e26\u62d3\u5c55\u81f3\u9152\u985e\u3001\u9280\u884c\u3001\u6c7d\u8eca\u7b49\u884c\u696d\u6e20\u9053\u3002\u696d\u7e3e\u516c\u544a\u986f\u793a\uff0c\u516c\u53f8\u9084\u8207\u4e00\u5bb6\u7e3d\u90e8\u4f4d\u65bc\u6c5f\u8607\u3001\u5728\u9999\u6e2f\u4e0a\u5e02\u7684\u88fd\u85e5\u516c\u53f8\u9644\u5c6c\u516c\u53f8\u7c3d\u7f72\u6846\u67b6\u5354\u8b70\uff0c\u5171\u540c\u958b\u767c\u53ca\u92b7\u552e\u96c6\u6210\u83ef\u70ba\u667a\u80fd\u6a5f\u82af\u7684\u5b9a\u5236\u667a\u80fd\u624b\u9336\u3002 \u667a\u80fd\u751f\u614b\u662f\u53e6\u4e00\u91cd\u60f3\u50cf\u3002\u96a8\u8457AI\u8207\u842c\u7269\u4e92\u806f\u6642\u4ee3\u7684\u5230\u4f86\uff0c\u624b\u9336\u548c\u98fe\u54c1\u4f5c\u70ba\u4eba\u9ad4\u50b3\u611f\u5668\u7684\u5929\u7136\u8f09\u9ad4\uff0c\u5165\u53e3\u50f9\u503c\u4e0d\u53ef\u4f30\u91cf\u3002\u897f\u666e\u5c3c\u7684\u8cb4\u91d1\u5c6c\u667a\u80fd\u6212\u6307\u3001\u667a\u80fd\u73e0\u5bf6\uff0c\u6b63\u5728\u69cb\u5efa\u4e00\u500b\u5168\u65b0\u7684\u3001\u9ad8\u5ba2\u55ae\u50f9\u7684\u667a\u80fd\u786c\u4ef6\u5165\u53e3\u3002 \u5728\u7ba1\u7406\u5c64\u5c0d\u897f\u666e\u5c3c\u672a\u4f86\u767c\u5c55\u7684\u898f\u5283\u4e2d\uff0c\u6587\u5316\u5c6c\u6027\u8207\u6587\u5316\u50f9\u503c\u5c07\u8d85\u8d8a\u8cb4\u91d1\u5c6c\u88fd\u9020\u672c\u8eab\uff0c\u8207\u79d1\u6280\u5c6c\u6027\u4e00\u9053\uff0c\u6210\u70ba\u516c\u53f8\u6230\u7565\u5347\u7d1a\u7684\u6838\u5fc3\u7d44\u6210\u90e8\u5206\u3002\u5f9e\u884c\u696d\u8da8\u52e2\u770b\uff0c\u9ec3\u91d1\u6d88\u8cbb\u5df2\u7d93\u4e0d\u518d\u53ea\u662f\u50b3\u7d71\u5a5a\u6176\u3001\u7bc0\u6176\u548c\u4fdd\u503c\u9700\u6c42\u7684\u7c21\u55ae\u96c6\u5408\uff0c\u800c\u662f\u5728\u5411\u60c5\u611f\u8868\u9054\u3001\u6587\u5316\u8a8d\u540c\u3001\u5be9\u7f8e\u9ad4\u9a57\u548cIP\u806f\u540d\u7b49\u65b9\u5411\u5ef6\u5c55\u3002 2026\u5e741\u6708\uff0c\u516c\u53f8\u66f4\u65bc\u5317\u4eac\u8a2d\u7acb\u6587\u5275\u5206\u516c\u53f8\uff0c\u8457\u529b\u6316\u6398\u50b3\u7d71\u6587\u5316IP\u9644\u52a0\u503c\uff0c\u4ee5\u975e\u907a\u5de5\u85dd\u878d\u5408\u73fe\u4ee3\u8a2d\u8a08\uff0c\u5411\u6587\u5316\u50f9\u503c\u5275\u9020\u8005\u8f49\u578b\u3002\u7576\u54c1\u724c\u5f9e\u300c\u8cb4\u91d1\u5c6c\u6750\u8cea\u512a\u52e2\u300d\u5347\u7d1a\u70ba\u300c\u6587\u5316\u50f9\u503c\u627f\u8f09\u8005\u300d\uff0c\u516c\u53f8\u5247\u80fd\u7a81\u7834\u50b3\u7d71\u8db3\u91d1\u8cb4\u91d1\u5c6c\u6d88\u8cbb\u54c1\u7684\u4f30\u503c\u908a\u754c\uff0c\u6210\u70ba\u8eab\u4efd\u8868\u9054\u3001\u79ae\u8d08\u542b\u7fa9\u3001\u8a2d\u8a08\u8a9e\u8a00\u548c\u6587\u5316\u9644\u52a0\u503c\u7684\u8f09\u9ad4\u3002 \u4f5c\u70ba\u6e2f\u80a1\u4e3b\u677f\u300c\u91d1\u8868\u7b2c\u4e00\u80a1\u300d\uff0c\u5f9e\u55ae\u4e00\u54c1\u724c\u88fd\u9020\u5546\u5230\u300c\u8db3\u91d1\u8cb4\u91d1\u5c6c\u7a7f\u6234\u54c1\u724c+\u88fd\u9020\u5e73\u53f0+\u667a\u80fd\u65b0\u54c1\u985e\u300d\u751f\u614b\u69cb\u5efa\u8005\uff0c\u674e\u6c38\u5fe0\u8207\u897f\u666e\u5c3c\u7684\u6545\u4e8b\uff0c\u65e2\u662f\u4e2d\u570b\u88fd\u9020\u696d\u8f49\u578b\u5347\u7d1a\u7684\u7e2e\u5f71\uff0c\u4ea6\u662f\u6e2f\u80a1\u5e02\u5834\u652f\u6301\u512a\u8cea\u5167\u5730\u4f01\u696d\u6210\u9577\u50f9\u503c\u7684\u751f\u52d5\u6ce8\u8173\u30022026\u5e742\u6708\uff0c\u897f\u666e\u5c3c\u66f4\u6210\u529f\u7d0d\u5165MSCI\u5168\u7403\u5c0f\u578b\u80a1\u6307\u6578\uff0c\u570b\u969b\u8cc7\u672c\u8a8d\u53ef\u5ea6\u986f\u8457\u63d0\u5347\u3002 \u6b64\u6b21\u9999\u6e2f\u5546\u5831\u91d1\u9be4\u9d6c\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u96d9\u6599\u5927\u734e\u7684\u52a0\u5195\uff0c\u4e0d\u50c5\u662f\u5c0d\u904e\u5f80\u6210\u7e3e\u7684\u80af\u5b9a\uff0c\u66f4\u662f\u5c0d\u672a\u4f86\u50f9\u503c\u7684\u671f\u8a31\u3002\u5728\u9ec3\u91d1\u6d88\u8cbb\u7684\u6587\u5316\u5c6c\u6027\u8207\u6295\u8cc7\u5c6c\u6027\u96d9\u91cd\u9a45\u52d5\u4e0b\uff0c\u5728\u667a\u80fd\u7a7f\u6234\u8207\u6587\u5275\u878d\u5408\u7684\u65b0\u8cfd\u9053\u958b\u62d3\u4e2d\uff0c\u897f\u666e\u5c3c\u7684\u6210\u9577\u6545\u4e8b\uff0c\u6216\u8a31\u624d\u525b\u525b\u7ffb\u958b\u5e8f\u7ae0\u3002 \u00a0","og_url":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080","og_site_name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","article_published_time":"2026-05-29T00:57:00+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080#article","isPartOf":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080"},"author":{"name":"","@id":""},"headline":"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e","datePublished":"2026-05-29T00:57:00+00:00","dateModified":"2026-05-29T00:57:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080"},"wordCount":15,"publisher":{"@id":"https:\/\/www.franchise.com.hk\/en#organization"},"articleSection":["\u672a\u5206\u985e"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080","url":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080","name":"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","isPartOf":{"@id":"https:\/\/www.franchise.com.hk\/en#website"},"datePublished":"2026-05-29T00:57:00+00:00","dateModified":"2026-05-29T00:57:00+00:00","breadcrumb":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.franchise.com.hk\/en\/%e8%a5%bf%e6%99%ae%e5%b0%bc%e6%a6%ae%e8%86%ba2026%e3%80%8c%e9%87%91%e9%af%a4%e9%b5%ac%e3%80%8d%e4%b8%ad%e5%9c%8b%e8%b2%a1%e7%b6%93%e5%83%b9%e5%80%bc%e6%a6%9c%e3%80%8c%e6%9c%80%e5%85%b7%e5%83%b9\/32080#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9801","item":"https:\/\/www.franchise.com.hk\/en"},{"@type":"ListItem","position":2,"name":"\u897f\u666e\u5c3c\u69ae\u81ba2026\u300c\u91d1\u9be4\u9d6c\u300d\u4e2d\u570b\u8ca1\u7d93\u50f9\u503c\u699c\u300c\u6700\u5177\u50f9\u503c\u6210\u9577\u6f5b\u529b\u4e0a\u5e02\u516c\u53f8\u300d\u300c\u6700\u5177\u5f71\u97ff\u529b\u4e0a\u5e02\u516c\u53f8\u8463\u4e8b\u9577\u300d\u96d9\u9805\u5927\u734e"}]},{"@type":"WebSite","@id":"https:\/\/www.franchise.com.hk\/en#website","url":"https:\/\/www.franchise.com.hk\/en","name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","description":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df | Franchise HK","publisher":{"@id":"https:\/\/www.franchise.com.hk\/en#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.franchise.com.hk\/en?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.franchise.com.hk\/en#organization","name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","url":"https:\/\/www.franchise.com.hk\/en","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1","width":350,"height":76,"caption":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df"},"image":{"@id":"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts\/32080"}],"collection":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/comments?post=32080"}],"version-history":[{"count":0,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts\/32080\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/media?parent=32080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/categories?post=32080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/tags?post=32080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}