{"id":14275,"date":"2026-08-10T18:28:24","date_gmt":"2026-08-10T10:28:24","guid":{"rendered":"https:\/\/www.qicaiying.cn\/?p=14275"},"modified":"2026-08-10T18:28:25","modified_gmt":"2026-08-10T10:28:25","slug":"%e4%bc%81%e8%b4%a2%e7%9b%88%e6%af%8f%e5%91%a8%e6%96%b0%e9%97%bb%e7%ae%80%e8%ae%af%ef%bd%9c%e9%95%bf%e9%91%ab%e7%a7%91%e6%8a%80%e4%b8%8a%e5%b8%82%e9%a6%96%e6%97%a5%e6%b6%a8465%e3%80%81%e4%b8%8a","status":"publish","type":"post","link":"https:\/\/www.qicaiying.cn\/en\/archives\/14275","title":{"rendered":"\u4f01\u8d22\u76c8\u6bcf\u5468\u65b0\u95fb\u7b80\u8baf\uff5c\u957f\u946b\u79d1\u6280\u4e0a\u5e02\u9996\u65e5\u6da8465%\u3001\u4e0a\u534a\u5e74\u67e5\u8865\u7a0e\u6b3e1806\u4ebf\u3001\u4e09\u661f\u7b7e9500\u4ebf\u7f8e\u5143\u5927\u5355"},"content":{"rendered":"<h1 class=\"wp-block-heading\"><strong>&nbsp;<\/strong><\/h1>\n\n\n\n<p><strong>\u8d22\u7a0e\/\u8de8\u5883\/\u51fa\u6d77<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_959408_VS39HlDsJhlOkirY_1786356421?w=1080&amp;h=608\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>What's in This Issue<\/strong><\/p>\n\n\n\n<p>\u4e0a\u534a\u5e74\u5168\u56fd\u67e5\u5904\u6d89\u7a0e\u8fdd\u6cd5\u633d\u56de\u7a0e\u6b3e1806\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f20.8%<\/p>\n\n\n\n<p>\u4e0a\u5e02\u516c\u53f8\u8865\u7a0e\u6f6e\u52a0\u901f\uff1a\u5e74\u518576\u4efd\u516c\u544a\u5408\u8ba158\u4ebf\u5143\uff0c\u533b\u836f\u884c\u4e1a\u6210\u91cd\u707e\u533a<\/p>\n\n\n\n<p>\u7a0e\u52a1\u603b\u5c40\u53d1\u5e03\u9996\u4e2a\u8de8\u5883\u7a0e\u6536\u884c\u4e1a\u6307\u5f15\u300a\u56fd\u9645\u8fd0\u8f93\u6d89\u7a0e\u670d\u52a1\u6307\u5f15\u300b<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u8d22\u7a0e\u65b0\u95fb\uff1a\u4e0a\u534a\u5e74\u5168\u56fd\u67e5\u5904\u6d89\u7a0e\u8fdd\u6cd5\u633d\u56de\u7a0e\u6b3e1806\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f20.8%<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_766909_G_kIcH06clqC6kRO_1786356421?w=1011&amp;h=566\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u8fd1\u671f\uff0c\u7a0e\u52a1\u603b\u5c40\u516c\u5e03\u4e0a\u534a\u5e74\u5168\u56fd\u67e5\u5904\u6d89\u7a0e\u8fdd\u6cd5\u884c\u4e3a\u633d\u56de\u7a0e\u6b3e\u635f\u59311806\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f20.8%\u3002\u67e5\u5904\u9a97\u53d6\u7a0e\u6536\u4f18\u60e0\u4f01\u4e1a3200\u4f59\u6237\u67e5\u8865120\u4ebf\u5143\uff0c\u6d89\u5acc\u865a\u5f00\u9a97\u7a0e3.24\u4e07\u6237\u633d\u56de\u51fa\u53e3\u9000\u7a0e\u635f\u593146\u4ebf\u5143\uff0c\u533b\u7597\u5668\u68b0\u884c\u4e1a\u4e13\u9879\u6574\u6cbb\u7acb\u68483611\u6237\u67e5\u886559\u4ebf\u5143\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u8d22\u7a0e\u65b0\u95fb\uff1a\u4e0a\u5e02\u516c\u53f8\u8865\u7a0e\u6f6e\u52a0\u901f\uff1a\u5e74\u518576\u4efd\u516c\u544a\u5408\u8ba158\u4ebf\u5143\uff0c\u533b\u836f\u884c\u4e1a\u6210\u91cd\u707e\u533a<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_968918_U2SIT5Px5ltWNK4a_1786356421?w=1020&amp;h=573\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u622a\u81f37\u670810\u65e5\uff0c\u5e74\u5185\u4e0a\u5e02\u516c\u53f8\u62ab\u9732\u8865\u7a0e\u516c\u544a76\u4efd\u5408\u8ba158.0\u4ebf\u5143\uff0c\u4e24\u9879\u5747\u8d852025\u5e74\u5168\u5e74\u3002\u533b\u836f\u884c\u4e1a20\u5bb6\u836f\u4f01\u8865\u7f34\u5408\u8ba116\u4ebf\u5143\uff0c\u767e\u6d4e\u795e\u5dde\u8865\u7a0e4.46\u4ebf\u5143\u3002\u91d1\u7a0e\u56db\u671f\u6253\u901a\u7a0e\u52a1\u3001\u94f6\u884c\u3001\u533b\u4fdd\u6570\u636e\uff0c\u5012\u67e53\u20145\u5e74\u5df2\u6210\u5e38\u89c4\u64cd\u4f5c\uff0c\u90e8\u5206\u8ffd\u6eaf\u957f\u8fbe6\u5e74\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u8d22\u7a0e\u65b0\u95fb\uff1a\u7a0e\u52a1\u603b\u5c40\u53d1\u5e03\u9996\u4e2a\u8de8\u5883\u7a0e\u6536\u884c\u4e1a\u6307\u5f15\u300a\u56fd\u9645\u8fd0\u8f93\u6d89\u7a0e\u670d\u52a1\u6307\u5f15\u300b<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_857384_Biq5CWSbAM-ENxpz_1786356421?w=1016&amp;h=571\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u8fd1\u671f\uff0c\u56fd\u5bb6\u7a0e\u52a1\u603b\u5c40\u53d1\u5e03\u9996\u4e2a\u8de8\u5883\u7a0e\u6536\u884c\u4e1a\u7c7b\u6307\u5f15\u300a\u56fd\u9645\u8fd0\u8f93\u6d89\u7a0e\u670d\u52a1\u6307\u5f15\u300b\uff0c\u4e3a\u56fd\u9645\u822a\u6d77\u3001\u822a\u7a7a\u3001\u9646\u8def\u7b49\u8de8\u5883\u8fd0\u8f93\u7ecf\u8425\u4e3b\u4f53\u63d0\u4f9b\u5168\u94fe\u6761\u6d89\u7a0e\u5408\u89c4\u53c2\u8003\uff0c&#8221;\u7a0e\u8def\u901a&#8221;\u77e5\u8bc6\u4ea7\u54c1\u4f53\u7cfb\u518d\u6269\u5bb9\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u4f01\u4e1a\u52a8\u6001\uff1a\u957f\u946b\u79d1\u6280\u79d1\u521b\u677f\u4e0a\u5e02\u9996\u65e5\u6da8465%\uff0c\u5e02\u503c3.28\u4e07\u4ebf\u521b\u79d1\u521b\u677f\u6700\u5927IPO<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_664295_bIJeY6GGQJHjGq_I_1786356421?w=1016&amp;h=571\" alt=\"\"\/><\/figure>\n\n\n\n<p>7\u670827\u65e5\uff0c\u957f\u946b\u79d1\u6280\uff08688825\uff09\u79d1\u521b\u677f\u4e0a\u5e02\uff0c\u53d1\u884c\u4ef78.66\u5143\u6536\u76d8\u62a549\u5143\u6da8465.82%\uff0c\u603b\u5e02\u503c\u7ea63.28\u4e07\u4ebf\u5143\u767b\u9876A\u80a1\u5e02\u503c\u699c\u9996\u3002\u9996\u65e5\u6210\u4ea4\u989d\u7834\u5343\u4ebf\u521bA\u80a1\u7eaa\u5f55\uff0c\u52df\u8d44579\u4ebf\u5143\u7cfb\u79d1\u521b\u677f\u53f2\u4e0a\u6700\u5927IPO\u3002\u4e0a\u534a\u5e74\u9884\u8ba1\u8425\u65361100\u4ebf\u20141200\u4ebf\u5143\uff0c\u5f52\u6bcd\u51c0\u5229500\u4ebf\u2014570\u4ebf\u5143\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u4f01\u4e1a\u52a8\u6001\uff1a\u4e1c\u9e4f\u996e\u659910\u4ebf\u6295\u5efa\u90d1\u5dde\u57fa\u5730\uff0c\u5b89\u742a\u9175\u6bcd3.7\u4ebf\u5e03\u5c40\u5408\u6210\u751f\u7269<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_972_SpCNykBNduXVkCFo_1786356422?w=1039&amp;h=541\" alt=\"\"\/><\/figure>\n\n\n\n<p>7\u670827\u65e5\uff0c\u4e1c\u9e4f\u996e\u6599\uff08605499\uff09\u516c\u544a\u62df\u5728\u90d1\u5dde\u6295\u5efa\u751f\u4ea7\u57fa\u5730\uff0c\u603b\u6295\u8d4410\u4ebf\u5143\u6ce8\u518c\u8d44\u672c1\u4ebf\u5143\u3002\u5b89\u742a\u9175\u6bcd\uff08600298\uff09\u540c\u65e5\u516c\u544a\u5168\u8d44\u5b50\u516c\u53f8\u62df\u6295\u8d443.7\u4ebf\u5143\u65b0\u5efa\u5408\u6210\u751f\u7269\u4e2d\u8bd5\u9a8c\u8bc1\u57fa\u5730\u9879\u76ee\uff0c\u5efa\u8bbe\u671f16\u4e2a\u6708\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u4f01\u4e1a\u52a8\u6001\uff1a\u5b81\u5fb7\u65f6\u4ee3\u62df200-400\u4ebf\u5143\u56de\u8d2d\u6ce8\u9500\uff0c\u5b57\u8282\u98de\u4e66\u88ab\u8c46\u5305\u5408\u5e76<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_691865_PtP_ZQNCWG8lGwDW_1786356421?w=1013&amp;h=569\" alt=\"\"\/><\/figure>\n\n\n\n<p>7\u670827\u65e5\uff0c\u5b81\u5fb7\u65f6\u4ee3\u5ba3\u5e03\u62df\u4ee5200\u4ebf\u2014400\u4ebf\u5143\u56de\u8d2d\u80a1\u4efd\u5e76\u7528\u4e8e\u6ce8\u9500\u30027\u670830\u65e5\uff0c\u5b57\u8282\u8df3\u52a8\u542f\u52a8AI\u4e1a\u52a1\u7ec4\u7ec7\u8c03\u6574\uff0c\u98de\u4e66\u88ab\u8c46\u5305\u5408\u5e76\uff0c\u52a0\u5f3a\u4f01\u4e1a\u751f\u4ea7\u529b\u573a\u666f\u534f\u540c\u3002\u57fa\u672c\u534a\u5bfc\u4f537\u670828\u65e5\u7b7e\u8ba21.93\u4ebf\u5143\u78b3\u5316\u7845\u5c01\u88c5\u4ea7\u7ebf\u57fa\u5730\u5de5\u7a0b\u5408\u7ea6\uff0cQ3\u8d77\u90e8\u5206\u4ea7\u54c1\u6700\u9ad8\u6da8\u4ef725%\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Company News<\/strong><strong>::<\/strong><strong>\u4e09\u661fSK\u6d77\u529b\u58eb\u4e0e\u82f1\u4f1f\u8fbe\u535a\u901a\u7b7e9500\u4ebf\u7f8e\u5143\u82af\u7247\u5927\u5355<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_878253_XgH6z9iimiGd_YOv_1786356421?w=1013&amp;h=569\" alt=\"\"\/><\/figure>\n\n\n\n<p>7\u670827\u65e5\uff0c\u4e09\u661f\u7535\u5b50\u4e0e\u535a\u901a\u7b7e2000\u4ebf\u7f8e\u5143\u5148\u8fdb\u5b58\u50a8\u534a\u5bfc\u4f53\u4ee3\u5de5\u534f\u8bae\uff0cSK\u96c6\u56e2\u4e0e\u82f1\u4f1f\u8fbe\u5f00\u5c557500\u4ebf\u7f8e\u5143\u957f\u671f\u4f9b\u5e94\u5408\u4f5c\uff0c\u603b\u8ba19500\u4ebf\u7f8e\u5143\u3002SK\u4e0e\u82f1\u4f1f\u8fbe\u542b\u8d855000\u4ebf\u7f8e\u5143AI\u57fa\u7840\u8bbe\u65bd\u5408\u4f5c\uff0cHBM4\u5168\u5e74\u4ea7\u80fd\u5168\u90e8\u552e\u7f44\uff0c\u7d27\u7f3a\u5468\u671f\u5ef6\u7eed\u81f32028\u5e74\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u51fa\u6d77\u89c2\u5bdf\uff1a\u5370\u5ea6\u915d\u917f\u8fdb\u53e3\u66ff\u4ee3\u8ba1\u5212\uff0c\u9501\u5b9a100\u79cd\u4ea7\u54c1\u7ea6510\u4ebf\u7f8e\u5143\u63a8\u52a8\u672c\u571f\u5236\u9020<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_763679_N57LLTdErBaB8KZW_1786356421?w=999&amp;h=562\" alt=\"\"\/><\/figure>\n\n\n\n<p>7\u6708\u62a5\u9053\uff0c\u5370\u5ea6\u7b5b\u9009\u7ea6510\u4ebf\u7f8e\u5143\u8fdb\u53e3\u5546\u54c1\u63a8\u52a8\u672c\u571f\u5236\u9020\uff0c\u9996\u6279\u7ea6100\u79cd\u4ea7\u54c1\u5217\u4e3a\u91cd\u70b9\uff0c\u6db5\u76d6\u7535\u5b50\u4ea7\u54c1\u3001\u5316\u5b66\u54c1\u3001\u836f\u54c1\u3001\u5316\u80a5\u3001\u534a\u5bfc\u4f53\u3001\u6c7d\u8f66\u53ca\u673a\u68b0\u7b49\u9886\u57df\u3002\u7cfb\u83ab\u8fea\u964d\u4f4e\u8fdb\u53e3\u4f9d\u8d56\u6218\u7565\u6700\u65b0\u4e3e\u63aa\uff0c\u65e8\u5728\u51cf\u5c11\u5bf9\u6d77\u5916\u4f9b\u5e94\u5546\u4f9d\u8d56\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u51fa\u6d77\u89c2\u5bdf\uff1a\u4e2d\u7f8e\u6b63\u5c31\u964d\u7a0e\u5b89\u6392\u5f81\u6c42\u610f\u89c1\uff0c\u5404300\u4ebf\u7f8e\u5143\u5bf9\u7b49\u964d\u7a0e\u6846\u67b6\u63a8\u8fdb\u4e2d<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_707309_aP5RD5ZXsry0uXaz_1786356421?w=1002&amp;h=562\" alt=\"\"\/><\/figure>\n\n\n\n<p>7\u670823\u65e5\u5546\u52a1\u90e8\u4ecb\u7ecd\uff0c\u4e2d\u7f8e\u53cc\u65b9\u6b63\u5c31\u964d\u7a0e\u5b89\u6392\u5f81\u6c42\u610f\u89c1\uff0c\u5404300\u4ebf\u7f8e\u5143\u89c4\u6a21\u5bf9\u7b49\u964d\u7a0e\u6846\u67b6\u63a8\u8fdb\u4e2d\uff0c\u53cc\u65b9\u540c\u610f\u5efa\u7acb\u8d38\u6613\u7406\u4e8b\u4f1a\u548c\u6295\u8d44\u7406\u4e8b\u4f1a\u3002\u4e2d\u65b9\u6b63\u5c31\u964d\u7a0e\u5b89\u6392\u5e7f\u6cdb\u5f81\u6c42\u4f01\u4e1a\u3001\u5546\u534f\u4f1a\u53ca\u5730\u65b9\u653f\u5e9c\u610f\u89c1\uff0c\u5c06\u5c3d\u5feb\u5546\u5b9a\u5177\u4f53\u4ea7\u54c1\u964d\u7a0e\u65b9\u6848\u5e76\u63a8\u52a8\u5b9e\u65bd\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Overseas Watch<\/strong><strong>::<\/strong><strong>\u6cd5\u56fd&#8221;\u53cd\u8d85\u5feb\u65f6\u5c1a&#8221;\u6cd5\u6848\u901a\u8fc7\u53c2\u8bae\u9662\uff0c\u76f4\u6307SHEIN\/Temu\/\u901f\u5356\u901a<\/strong><strong><\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/wdcdn.qpic.cn\/MTMxMDI3MDMwMDE1MTUwNzA_902405_36qolXSRZS9FClQY_1786356421?w=1022&amp;h=573\" 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