?ㄤ??¤浆??涔?璺????灞¤触灞℃???? 锛???ご?′唤涓?浠?涓?缁╄?骞翠?杩
锛???瑾?杩?楂???椋??╀??舵?舵??《??

姝ゆ???ご?′唤璺ㄧ?????ユ?哄?ㄨ?瑙?棰???锛?浼?????衡??缈昏韩浠? ??锛?杩?????涓?娆″け璐ョ??灏?璇?锛?

璺ㄧ?????ユ?哄?ㄨ?瑙?棰???

??ご?′唤????杩???琛??′唤??????伴???瑰? 锛?璐?拱?????? ????娴╃??
????瑷?琛??????╃????璧?绠＄????浼?浼?涓?锛???????浼?锛?绛?14??浜ゆ??瀵规?瑰??璁℃???????╃??绉???锛?????╃??绉????′唤???????革?100%?′唤
锛?骞跺????搴????? ????搴???璇???琛??′唤??????濂?璧??? ??

?╃??绉?????绔?浜?2012骞???锛??辨?姹?澶у???澹??㈤??????
?????告???藉?绾т?绮剧?规?扳??灏?宸ㄤ汉
??浼?涓? 锛??捐?姹?IPO涓?甯???涓昏?ヤ??′负?哄?ㄨ?瑙??稿?虫????骇????????
????浜у?????
锛?涓?娓稿??蜂富瑕?瑕????拌?芥????板???剧ず ????瀵间?绛?琛?涓? ??

?╃??绉?????涓昏?浜у??????互涓???绫伙?1
?????ㄨ?瑙?绠?娉?杞?欢涓昏?搴??ㄥ?ㄦ?拌?芥?????瀵间? ??杩??ㄦ?у?剁?琛?涓?
??2
???拌?芥?棰????哄?ㄨ?瑙?瑙ｅ?虫?规?涓昏?搴??ㄥ?ㄥ??浼??????佃?涓???3 ???????ㄧ嚎缂洪?锋?娴?瑙ｅ?虫?规?涓昏??ㄤ???瀛﹁?????规?琛?涓???姹? ??4????瀵间?灏?瑁?娴?????妫?娴?瑙?瑙?瑙ｅ?虫?规?搴??ㄤ???瀵间?灏?瑁?娴???????
??

????绉锛??╃??绉?????浜у???ㄦ?拌?芥?????浼?棰???澶?浜?棰?璺??颁? 锛??ㄦ?板???剧ず?????垫????棰????ユ??涓板???搴??ㄦ?渚?
锛??ㄥ??瀵间???灏?娴?棰???????瀹??板?戒骇???夸唬锛??ㄦ?璐圭?靛?绛??朵?琛?涓?涔???蹇????ㄥ箍??

2023骞
??2024骞村?╃??绉??????ユ?跺????负3.25浜垮????4.16浜垮?? 锛????╂鼎????负2864.7涓??? ??4109.46涓??? ??

杩?涓?涓?缁╂按骞冲凡杩?瓒?杩?缁?袱骞村??浜???????ご?′唤??2023骞村??2024骞村??涓?瀛ｅ害锛???ご?′唤?ユ?跺????负4.58??
??3.19浜垮??
锛????╂鼎???????7759.22涓?????710.89涓???锛?棰?璁?024骞翠?2600涓?????100涓???
??

??ご?′唤宸ヤ?浜哄???????㈡?伴?昏???琛ㄧず 锛??????告???╂??お??甯??借???涓?浼?涓?
锛???浼?缁???姘存偿涓??锛????㈤??杩??℃??杞??????姘存偿涓?? 锛???缁???ュ??姘撮?澶 ???靛?????′??￠???
锛??扮?板?ㄦ?惰喘?╃??绉???锛???川涓?杩????冲???涓?甯????哥????缁???ヨ?藉??????

??绔???浣?骞 锛?缁???涓?杞???璧?
锛?澶?娆′??轰?甯?娑??锛??磋?杩?????ㄩ?? 锛?涓?娓稿??浼?琛?涓????蜂弗??
锛??╃??绉????藉?︽??璧风??ご?′唤杞???澶ц?锛?

杩??锛????㈡?伴?昏????ュ?板?╃??绉???浣?浜????涓村??洪??灞辨?琛?????LinkPark浜т????婚?ㄥ??版?㈣? ??

澶╃?兼?ヤ俊???剧ず 锛??╃??绉???娉ㄥ???颁负璇ュ???哄??3?锋ゼ
??璁拌???ㄧ?板?虹???锛?3?锋ゼ?变袱骞?灞?澶фゼ缁???
锛?涓??寸?卞ぉ妗ヨ??锛?澶??ㄥ苟???剧ず?╃??绉???淇℃? 锛?涓?杩??ㄤ?妤煎?ュ?ｇ???荤???ㄤ?璐存???╃??绉?????瀛???????????
锛?涓?妤煎苟娌℃?????锛??ㄧ?垫?涓?璐存????妤煎?????绀虹?? 锛????????鸿?芥?娴?瑁?澶???浜т腑蹇?
锛?????涓??锛???灏?瀹?楠?瀹ゅ??妫?娴?浠??ㄤ腑蹇?绛? ??

?变??????哄?ュ?ｅ?????ㄧ?绯荤? 锛?璁拌?????借??ュ???
锛????洪?ㄧ????宸ヨ〃绀锛?3?锋ゼ涓哄?╃??绉?????浜у???????哄? 锛????歌??垮?????ㄤ?浜??????锋ゼ??7灞???

????
锛?璁拌??????寰??????锋ゼ?????哄?锛?涓?????О?????镐?瀹ｄ汉澹??ㄤ?瑙ｆ???靛??琛ㄧず 锛????哥????涓?渚挎?ュ????璁锛?濡???浜?瑙ｅ???告???靛?????у?缃??????稿?虫?ラ??淇℃? ??

???╃??绉?????宸ュ????㈡?伴?昏???琛ㄧず
锛????镐???姣?杈???浣?璋? ??锛?灏ゅ?舵????杩???涓烘?惰喘??浜?瀹? 锛?寰?涔?娌℃???ュ???瑙??????
??浣????稿??灞???杩?涓???
??
锛???宸ユ??涓????句汉锛??や?涓村??婚?ㄥぇ妤煎??涓??锋ゼ???村? 锛??ㄦ???甯??轰???涓?灏????????哄???

????
锛?璁拌????娆¤?寸?靛?╃??绉??????锛?瀵绘???璁 锛??ュ??汉??琛ㄧず??互?????搁?????????欢
锛???濡??????告?归?㈣?涓哄????浼?????棣??? ??涓?杩?锛????冲??绋胯???骞舵???跺?板??澶?
??

?煎?涓?????? 锛??ㄥ?╃??绉?????瀹??规???冲?蜂?
锛?2????杩???甯?浜????扮??????淇℃?锛?????宀?浣???????瀛﹀伐绋?甯? 锛??哄?ㄨ?瑙?宸ョ?甯?锛?瀹㈡?风???绛?
锛?宀?浣?椹诲?版?????
????宸???娣卞?崇?澶????

涓??¤浆????灞¤触灞℃?? ??

浣?涓?001骞寸?婚??A?＄??灞辫タ姘存偿榫?澶翠?涓?锛???ご?′唤??24骞磋?????哄??绋???О浜т???杩???缂╁奖 ??浠?浼?缁??堕??涓???娌¤?藉?版??韬????缃??靛??澶ф疆 锛????板?浠?杩介??AI?洪??
锛???ご?′唤?ㄤ??¤浆??涔?璺????灞¤触灞℃??
??锛??ㄤ?缁╀?杩风?????跺ぇ??绗????ヤ??哄?鸿豹璧???

??ご?′唤姝ゆ?璺ㄧ?????ユ?哄?ㄨ?瑙?棰??? 锛?浼??︽????衡??缈昏韩浠???浠??????
??

?╃??绉?????浜у??涓绘?诲??浼?棰???????瀵间?灏?娴?棰???
锛???浼?琛?涓?浠?澶?浜??讳骇?介?舵?锛???濂?璁炬?藉??烘????涔?浼???褰卞??锛???瀵间?妫?娴?棰?????灏???宸ㄩ??????????

涓?浣???浼?涓???浜哄＋?????㈡?伴?昏???琛ㄧず 锛?绫讳技?哄?ㄨ?瑙?璁惧???涓昏??ㄤ???浼??垫???缁?浠剁??妫?娴?绛???
锛??板?ㄥ?澶?宸ュ???芥???哄?ㄤ汉???ㄥ??浜? ??浣??板?ㄥ?藉?璋??у??浼?浼?涓???浜ц?锛?璁惧?????涔?涓?濂借?
??杩?浜?璁惧?????涓???????浜у??瀹舵?????ョ?瀹??崇郴 锛??卞?????? ????

??杈拌?′唤甯稿?″???昏?绁?娴风????璁拌??琛ㄧず
锛???杈拌?′唤??涓?灏辨??瀛????稿??绫讳技???哄?ㄨ?瑙?妫?娴?璁惧?锛?浣?涔?涓?????????浼???瀹堕?界?ㄨ??繁??????浜у?? 锛????╄?澶?????????????骇???ц?藉ソ ??

??????浼?琛?涓?渚?缁?渚у?????烘?锛?2024骞?2??6?
锛?澶?瀹跺??浼?浼?涓?绛捐?浜??????害锛?灏?浠?涓?涓???寮?濮?绠℃?т骇?
????澶ц??告??? 锛??ュ??缁??涓??????害?ㄨ?椤哄?
锛?渚???杩??╃?扮?舵???????剧?瑙??

?ㄥ?╃??绉????︿?涓绘?荤????瀵间?妫?娴?棰???锛????????楂?搴︿?璧???濮?浜虹??????﹂?琛???娴?姹?澶у???澹??㈤??锛??ユ??126椤逛??╋? 锛?????ご?′唤涓??惰?涓?璺ㄥ害??澶 ??棰?妗?涔???纭?〃绀衡??涓?涓?甯????镐富?ヤ??′??锋????????搴?
??
???ㄨ?妗╂?惰喘瀹?????
锛?涓?甯????稿?浜??╃??绉????????????ョ??归?㈠??浼?濡?浣?瀹???锛?杩?涔?灏?瀵瑰???告???ヤ?缁╅???甯︽?ュ奖????

????024骞村??涓?瀛ｅ害 锛???ご?′唤璐﹂?????璐у?璧???浣?棰?浠?0.42浜垮??
锛????胯???娴??ㄨ??轰?棰???璁?.77浜垮??锛??垮?哄????杈?澶 ?????? 锛????哥???????烘?婚????昏?ユ?朵?涓?.26%
??

娣卞害绉?????绌堕?㈤?㈤?垮?瀛??ｈ?涓
锛???ご?′唤杩?妗╂?惰喘妗?????????搴???????纭???句互?剧?锛?浣?瀹?????涔??村?ㄤ?瀵规???ヨ?涓?瓒??跨???兼敞????ご?′唤???藉??? 锛???杩??╃??绉??????????????甯??烘???涓鸿??韩??渚?涓?涓??扮??澧??垮??? ??浣?瀹???涓?锛?璁＄??鸿?瑙?甯??哄凡缁?楗卞??
锛?绔?浜?婵???锛???璁哄ぇ??灏??? 锛?澶ч?藉??炬???扮????灞?绌洪???????瑙?寰?杩?娆℃?惰喘???戒????娆℃?扮??????
????

涓讳????蜂弗??
锛?宸叉??澶ц?′??ㄥ???/h3>

?????缁???锛???ご?′唤涓昏???杩??ц?″????镐负?????规??渚?涓?绔?寮??ㄦ???缁???涓??″??浠ｈ??ヤ?????靛??缁??????????稿??????浼?涓???璐?骇?? 锛??ㄦ???????村??浠ヨ??韩??涔??ㄧ?涓??圭?靛??骞冲?颁?寮?璁惧??哄??缁?绔??璐硅?????
锛?????浜????? ??澶╃???甯?绛?绗???圭?靛??骞冲?板???朵???????绛????锛?璇ヤ??′负???告?稿?涓??★?2023骞磋?椤逛??″??姣??昏?ユ?剁??85%锛? ??

2023骞磋储?ユ?剧ず 锛??ュ?????????哥?????ㄧ?靛?????′腑??灞?瀹??╅?????瀹??╃?稿?冲??绫
???ㄥ????涓?
锛??板?浜???GO锛? ??
?????℃?CANIDAE??????petsmile
??绛?瀹??╅?????????缁???锛?缁?????????宸?宄?IWI?????? 锛??稿?冲?绮?骇??缁???涓???023骞村??拌?ユ??.71浜垮??
锛???姣?澧???4.95%??璇ョ被浜у??涓??℃?跺?ュ??姣???缁?????锛????虫?ュ????? 锛?瀹?绮?????缁???涓??＄???ユ?跺?????告?翠??ユ?剁??姣?渚?涓?9.18% ??

???㈡?伴?昏???璇㈤????ご?′唤?靛??缁?????浠ｇ?????????绘?板??????绛??版?锛????稿伐浣?浜哄??绉
锛???涓?杩板勾?ュ???????蹭?涓??ㄥ????浣?????
????????娌℃?????″???哥?靛??涓??℃??浠ｇ?????????绘???姣?濡???浠??澶╁??浣?锛???澶╀???浣? 锛?????????浠??甯镐??ュ?颁?浜??板????????浣?
锛?涔????????界?? ?? ??

涓?杩板伐浣?浜哄??绉锛????ㄥ?╃??绉??????惰喘娌℃??瀹???涔??? 锛????歌???杩??????濂戒富涓?
??浣????浠ｈ??ョ?????甯??烘?ョ??
锛?澶у??藉?峰?寰???瀹??姣?濡??ュ?板????瀹㈡?峰??锛?涓?甯????搁??瑕?澧????ラ??璐圭? 锛????ユ?村????????荤淮?ゅ?? ??
???

?ㄦ?惰喘?╃??绉?????浜ゆ??涓
锛?涓?甯????稿??????濂?璧??????′唤璁よ喘?归??搴????? ????搴???璇?涓哄???稿????у?朵汉?у?剁??浼?涓?锛?涓哄???稿?宠??娉?浜
??涓?甯????稿??т汉???朵??磋??ㄤ汉?撮???′??村?杈??存?ユ??????搴?????
????搴???璇?100%?℃????

瀵规? 锛?涓???璇??歌?娣辨??椤惧??惧?????㈡?伴?昏???琛ㄧず
锛?绛?浜?瀹??т汉?ㄨ??繁??涓??????镐负涓?甯????告敞璧?澧???璧?浜у?涔版????锛?璇ュ??т汉???′唤涔?灏?杩?涓?姝ユ??楂? ??瀵逛????歌??瑷????╀?涓?缁╁?? 锛?瀵逛???璧?????瑷????╀?绋冲??′环澧?寮轰俊蹇???

?﹀?煎??虫敞???锛??ㄨ????′环楂?浣?
锛?宸叉??澶ц?′?杩?琛?????濂??
??3??7?ュ?????剧ず锛????＄??ご?′唤5.0659%???′???杩???娓??????ユ??????? 锛?浜?2024骞?2??13?ヨ??025骞???7?ラ?村??璁″????194.38涓???/span>
锛??????告?昏?℃????0.8451%锛??????婚??棰?涓?705.39涓?????