{"id":100890,"date":"2025-12-27T21:10:00","date_gmt":"2025-12-28T02:10:00","guid":{"rendered":"https:\/\/www.chinesepress.com\/?p=100890"},"modified":"2025-12-27T21:04:26","modified_gmt":"2025-12-28T02:04:26","slug":"%e9%a6%99%e6%b8%af2025%e5%b9%b4%e5%8d%81%e5%a4%a7%e8%b2%a1%e7%b6%93%e6%96%b0%e8%81%9e","status":"publish","type":"post","link":"https:\/\/www.chinesepress.com\/pre\/archives\/100890","title":{"rendered":"\u9999\u6e2f2025\u5e74\u5341\u5927\u8ca1\u7d93\u65b0\u805e"},"content":{"rendered":"\n<p>2025\u5e74\u9999\u6e2f\u7d93\u6fdf\u9032\u4e00\u6b65\u597d\u8f49\uff0c\u6700\u65b0\u7684\u7b2c\u4e09\u5b63\u672c\u5730\u751f\u7522\u7e3d\u503c\uff08GDP\uff09\u540c\u6bd4\u589e3.8%\uff0c\u9023\u5347\u7b2c11\u500b\u5b63\u5ea6\uff0c\u7279\u5340\u653f\u5e9c\u4e26\u5c07\u4eca\u5e74\u5168\u5e74GDP\u589e\u9577\u9810\u6e2c\u75312\uff05\u81f33%\u4e0a\u8abf\u81f33.2%\u3002\u4eca\u5e74\u7d93\u6fdf\u52e2\u982d\u4f73\uff0c\u91d1\u878d\u5e02\u5834\u66f4\u8fce\u4f86\u9ad8\u5149\u6642\u523b\uff0c\u7e7c2024\u5e74\u5728\u5168\u7403\u91d1\u878d\u4e2d\u5fc3\u6392\u540d\u91cd\u56de\u4e09\u7532\u5f8c\uff0c\u4eca\u5e74\u6e2f\u80a1IPO\u96c6\u8cc7\u984d\u4ea6\u6642\u96946\u5e74\u91cd\u596a\u4e16\u754c\u7b2c\u4e00\u4f4d\u3002\u7279\u5340\u653f\u5e9c\u5e74\u5167\u92b3\u610f\u6539\u9769\uff0c\u958b\u62d3\u65b0\u8cfd\u9053\uff0c\u865b\u64ec\u8cc7\u7522\u5408\u898f\u9032\u7a0b\u6301\u7e8c\u63a8\u9032\u3001\u6253\u9020\u570b\u969b\u9ec3\u91d1\u4ea4\u6613\u4e2d\u5fc3\u7b49\u7b49\u8209\u63aa\uff0c\u8b00\u5283\u9999\u6e2f\u5e02\u5834\u7684\u65b0\u589e\u9577\u9ede\uff0c\u4ee42026\u5e74\u7684\u9999\u6e2f\u524d\u666f\u5145\u6eff\u671f\u5f85\u3002\u4e0b\u9762\u662f\u7531\u9999\u6e2f\u6587\u532f\u5831\u8ca1\u7d93\u90e8\u9078\u53d62025\u5e74\u672c\u6e2f\u5e02\u5834\u7684\u90e8\u5206\u91cd\u8981\u4e8b\u4ef6\uff0c\u4ee5\u53ca\u5c0d\u9999\u6e2f\u672a\u4f86\u6709\u91cd\u5927\u5f71\u97ff\u7684\u4e8b\u4ef6\uff0c\u4f9b\u8b80\u8005\u56de\u9867\u904e\u53bb\uff0c\u8b00\u5283\u672a\u4f86\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a1.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a1.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>1 \u65b0\u80a1\u6a5f\u5236\u5927\u6539\u9769 \u6e2fIPO\u6642\u96946\u5e74\u91cd\u596a\u4e16\u4e00<\/strong><\/p>\n\n\n\n<p>\u4eca\u5e74\u9999\u6e2f\u65b0\u80a1\u5e02\u5834\u5341\u5206\u6d3b\u8e8d\uff0c\u6e2f\u4ea4\u6240\u999611 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class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a2.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a2.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>2 \u62d3\u5927\u5b97\u5546\u54c1\u5e02\u5834 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class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a3.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a3.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>3 \u767c\u5c55\u6578\u5b57\u7d93\u6fdf 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class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a4.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a4.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>4 DeepSeek\u5e36\u6308 MPF\u4eba\u8cfa\u903e4\u842c\u5143\u516b\u5e74\u6700\u597d<\/strong><\/p>\n\n\n\n<p>\u8981\u8aaa\u4eca\u5e74\u6e2f\u80a1\u6700\u5927\u9a5a\u559c\uff0c\u7576\u5c6c\u300cDeepSeek\u6642\u523b\u300d\u3002DeepSeek\u51fa\u73fe\u524d\uff0c\u6e2f\u80a1\u4e00\u76f4\u504f\u8edf\uff0c\u75762\u6708\u4efd\u5167\u5730AI\u6a21\u578bDeepSeek\u9762\u4e16\uff0c\u5168\u7dda\u4e2d\u8cc7\u79d1\u6280\u80a1\u61c9\u8072\u6025\u5347\uff0c\u5df2\u96e2\u958b\u7684\u6d77\u5916\u8cc7\u91d1\u4ea6\u91cd\u65b0\u56de\u6d41\u6e2f\u80a1\u5e02\u5834\uff0c\u903e\u842c\u5104\u5143\u300c\u5317\u6c34\u300d\u4e5f\u6e67\u5165\u672c\u6e2f\uff0c\u5275\u51fa\u6b77\u53f2\u7d00\u9304\u3002\u6052\u6307\u5728\u53bb\u5e74\u5e95\u6536\u5e02\u6642\u583119,760\u9ede\uff0c\u81f3\u4eca\u5e749\u6708\u5e95\u9ad8\u898b27,140\u9ede\uff0c\u5118\u7ba112\u670822\u65e5\u898b25,690\u9ede\uff0c\u5168\u5e74\u4ecd\u5347\u903e30%\u3002\u80a1\u5e02\u4e0a\u5347\u4ea6\u60e0\u53ca\u4e00\u773e\u6253\u5de5\u4ed4\uff0c\u622a\u81f312\u670818\u65e5\u6b62\uff0cGUM\u5f37\u7a4d\u91d1\u7d9c\u5408\u6307\u6578\u7d2f\u534715.6%\uff0c\u662f8\u5e74\u4f86\u6700\u597d\u8868\u73fe\uff0c\u6253\u5de5\u4ed4\u7684MPF\u5e73\u5747\u6bcf\u4eba\u8cfa\u7d044.3\u842c\u5143\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a5.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a5.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>5 \u6ed9\u8c50\u5343\u5104\u79c1\u6709\u5316\u6052\u751f \u6e2f\u9996\u5bb6\u4e0a\u5e02\u9280\u884c\u5c07\u6210\u7d55\u97ff<\/strong><\/p>\n\n\n\n<p>\u6ed9\u63a7\u5728\u4eca\u5e7410\u6708\u5ba3\u5e03\u8c6a\u64f2\u5343\u5104\u79c1\u6709\u5316\u6052\u751f\uff0c\u9707\u52d5\u5168\u57ce\u3002\u6ed9\u63a7\u4ee5\u6bcf\u80a1155\u5143\uff08\u5ba3\u5e03\u6642\u6ea2\u50f9\u70ba30%\uff09\u5168\u8cfc\u6052\u751f\uff0c\u4ea4\u6613\u7e3d\u4f30\u503c\u7d042,900\u5104\u5143\uff0c\u6ed9\u8c50\u9700\u5411\u5176\u4ed6\u80a1\u6771\u652f\u4ed8\u7d041,062\u5104\u5143\u73fe\u91d1\u3002\u82e5\u660e\u5e741\u67088\u65e5\u8209\u884c\u7684\u6052\u751f\u80a1\u6771\u5927\u6703\u901a\u904e\u6c7a\u8b70\uff0c\u6052\u751f\u5c07\u65bc\u660e\u5e741\u670827\u65e5\u9000\u5e02\uff0c\u4f46\u4fdd\u7559\u7368\u7acb\u6301\u724c\u9280\u884c\u5730\u4f4d\u3001\u5206\u884c\u7db2\u7d61\u53ca\u4f01\u696d\u7ba1\u6cbb\u9ad4\u7cfb\u3002<\/p>\n\n\n\n<p>\u6052\u751f\u6210\u7acb\u65bc1933\u5e74\uff0c1965\u5e74\u88ab\u6ed9\u8c50\u6536\u8cfc\u30021972\u5e746\u6708\u5728\u6e2f\u639b\u724c\uff0c\u6210\u70ba\u6230\u5f8c\u9996\u5bb6\u5728\u6e2f\u4e0a\u5e02\u9280\u884c\u3002\u6052\u751f\u5343\u79a7\u5e74\u5f8c\u7a4d\u6975\u62d3\u5c55\u5167\u5730\u5e02\u5834\uff0c\u4f46\u8fd1\u5e74\u53d7\u9999\u6e2f\u623f\u5730\u7522\u8cb8\u6b3e\u6e1b\u503c\u6240\u7d2f\uff0c\u9762\u81e8\u5927\u984d\u7684\u4fe1\u8cb8\u6e1b\u503c\uff0c\u64da\u6052\u751f\u4e2d\u671f\u696d\u7e3e\u986f\u793a\uff0c\u8a72\u884c6\u6708\u5e95\u7684\u7e3d\u6e1b\u503c\u8cb8\u6b3e\u70ba550\u5104\u5143\uff0c\u5e02\u5834\u8a8d\u70ba\uff0c\u9019\u662f\u6ed9\u8c50\u51fa\u624b\u79c1\u6709\u5316\u6052\u751f\u7684\u539f\u56e0\u4e4b\u4e00\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a6.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a6.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>6 \u62db\u5546\u5f15\u8cc7\u6210\u6548\u986f\u8457 \u6295\u8cc7\u79fb\u6c11\u5438\u91d1780\u5104<\/strong><\/p>\n\n\n\n<p>\u7279\u5340\u653f\u5e9c\u4eca\u5e74\u7684\u62db\u5546\u5f15\u8cc7\u5de5\u4f5c\u6210\u6548\u986f\u8457\uff0c\u622a\u81f3\u4eca\u5e7410\u67089\u65e5\uff0c\u5f15\u9032\u8fa6\u7684\u91cd\u9ede\u4f01\u696d\u5925\u4f34\u7e3d\u6578\u7a81\u7834100\u5bb6\uff0c\u9810\u8a08\u70ba\u9999\u6e2f\u5e36\u4f86\u7d04600\u5104\u5143\u6295\u8cc7\uff0c\u4e26\u5275\u9020\u7d042.2\u842c\u500b\u5c31\u696d\u8077\u4f4d\uff0c\u70ba\u7d93\u6fdf\u6ce8\u5165\u52d5\u80fd\u3002\u540c\u6642\uff0c\u672c\u6e2f2024\u5e743\u67081\u65e5\u63a8\u51fa\u4e26\u5be6\u65bd\u4fd7\u7a31\u300c\u6295\u8cc7\u79fb\u6c11\u300d\u7684\u300c\u65b0\u8cc7\u672c\u6295\u8cc7\u8005\u5165\u5883\u8a08\u5283\u300d\uff0c\u7e7c2024\u5e7410\u6708\u63a8\u51fa\u512a\u5316\u63aa\u65bd\u5f8c\uff0c\u4eca\u5e743\u6708\u53ca9\u6708\u518d\u5ea6\u63a8\u51fa\u512a\u5316\u63aa\u65bd\uff0c\u5438\u5f15\u66f4\u591a\u9ad8\u6de8\u503c\u4eba\u58eb\u4f86\u6e2f\uff0c\u978f\u56fa\u672c\u6e2f\u570b\u969b\u91d1\u878d\u53ca\u8ca1\u5bcc\u7ba1\u7406\u4e2d\u5fc3\u5730\u4f4d\u3002\u622a\u81f3\u4eca\u5e7411\u6708\u5e95\uff0c\u653f\u5e9c\u5df2\u63a5\u7372\u8d85\u904e2,600\u5b97\u7533\u8acb\uff0c\u9810\u8a08\u53ef\u5e36\u4f86780\u5104\u5143\u6295\u8cc7\u91d1\u984d\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a7.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a7.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>7 \u6e2f\u606f\u56de\u5230\u6b64\u8f2a\u52a0\u606f\u5468\u671f\u524d \u6a13\u5e02\u6b62\u8dcc\u56de\u5347<\/strong><\/p>\n\n\n\n<p>\u8fd1\u5e74\u9999\u6e2f\u6a13\u5e02\u4f4e\u8ff7\uff0c\u4eca\u5e74\u9996\u5b63\u8ca0\u8cc7\u7522\u5b97\u6578\u589e\u81f340,741\u5b97\uff0c\u5275\u8fd122\u5e74\u65b0\u9ad8\u3002\u4e0d\u904e\uff0c\u96a8\u7740\u6a13\u5e02\u5168\u9762\u64a4\u8fa3\u5f8c\u3001\u7f8e\u570b\u9032\u5165\u6e1b\u606f\u5468\u671f\u7b49\u56e0\u7d20\uff0c\u672c\u6e2f\u6a13\u5e02\u7d42\u6b62\u4e09\u5e74\u9023\u8dcc\u3002\u7f8e\u806f\u5132\u4eca\u5e749\u6708\u300110\u6708\u53ca12\u6708\u5747\u6e1b\u606f0.25\u5398\uff0c\u7d2f\u8a08\u6e1b\u606f\u8d850.75\u5398\uff0c\u672c\u6e2f\u9280\u884c\u4ea6\u8ddf\u96a8\u8abf\u4f4e\u6700\u512a\u60e0\u5229\u7387\uff08P\uff09\uff0c\u81ea\u53bb\u5e74\u5e95\u7d2f\u6e1b0.875 \u5398\uff0c\u6700\u512a\u60e0\u5229\u7387\u56de\u843d\u81f35\u5398\uff0c\u91cd\u8fd4\u6b64\u8f2a\u52a0\u606f\u5468\u671f\u524d\u6c34\u5e73\u3002\u5728\u4eba\u624d\u8a08\u5283\u5e36\u52d5\u9700\u6c42\u53ca\u606f\u7387\u56de\u843d\u652f\u6301\u4e0b\uff0c\u6a13\u5e02\u65e5\u6f38\u56de\u6696\uff0c\u622a\u81f312\u670817 \u65e5\uff0c\u4e2d\u539f\u57ce\u5e02\u9818\u5148\u6307\u6578\uff08CCL\uff09\u5831145.01\u9ede\uff0c\u7d2f\u53475.35%\uff0c\u626d\u8f49\u4e86\u9023\u8dcc\u4e09\u5e74\u7684\u9839\u52e2\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a8.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a8.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>8 \u52a0\u5bc6\u8ca8\u5e63\u7672\u7092 \u6bd4\u7279\u5e6312.56\u842c\u7f8e\u5143\u65b0\u9ad8<\/strong><\/p>\n\n\n\n<p>\u53d7\u5230\u7f8e\u570b\u5c0d\u5168\u7403\u8cbf\u6613\u5925\u4f34\u5927\u6253\u8cbf\u6613\u6230\u3001\u7f8e\u570b\u901a\u8139\u3001\u4fc4\u70cf\u885d\u7a81\u6301\u7e8c\u3001\u5168\u7403\u6295\u8cc7\u5e02\u5834\u52a0\u5feb\u300c\u53bb\u7f8e\u5143\u5316\u300d\u7b49\u8907\u96dc\u5730\u7de3\u6642\u5c40\u5f71\u97ff\uff0c\u6bd4\u7279\u5e63\u7b49\u4e00\u773e\u52a0\u5bc6\u8ca8\u5e63\uff0c\u4eca\u5e74\u7d55\u5c0d\u662f\u5927\u7206\u767c\u7684\u4e00\u5e74\uff0c\u7576\u4e2d\u6bd4\u7279\u5e63\u55ae\u662f\u4eca\u5e74\u5c31\u591a\u6b21\u5237\u65b0\u6b77\u53f2\u65b0\u9ad8\u3002\u7279\u6717\u666e\u9ad8\u8abf\u652f\u6301\u6bd4\u7279\u5e63\uff0c\u4ee4\u6bd4\u7279\u5e63\u5728\u5e74\u521d\u8fce\u4f86\u4e00\u6ce2\u731b\u885d\uff0c\u7a81\u783410\u842c\u7f8e\u5143\u5927\u95dc\uff0c\u96a8\u77405\u6708\u4efd\u4e2d\u7f8e\u8cbf\u6613\u6230\u50b3\u51fa\u7de9\u548c\u4fe1\u865f\u5f8c\uff0c\u6bd4\u7279\u5e63\u518d\u7a81\u783411\u842c\u7f8e\u5143\uff0c\u523010\u6708\u66f4\u5275\u51fa12.56\u842c\u7f8e\u5143\u6b77\u53f2\u65b0\u9ad8\uff0c\u5168\u7403\u5629\u7136\u3002\u4e0d\u904e\uff0c\u6bd4\u7279\u5e63\u5176\u5f8c\u56de\u843d\uff0c\u4e00\u5ea6\u8dcc\u81f3\u76ee\u524d\u7d048.5\u842c\u7f8e\u5143\u6c34\u5e73\uff0c\u8f03\u9ad8\u4f4d\u4e0b\u8dcc\u903e30%\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a9.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a9.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>9 Labubu\u5168\u7403\u71b1\u8ce3 \u65b0\u6d88\u8cbb\u80a1\u5275\u50b3\u5947<\/strong><\/p>\n\n\n\n<p>\u4eca\u5e74Labubu\u7d05\u904d\u5168\u7403\uff0c\u5176\u7368\u7279\u7684\u8a2d\u8a08\u3001\u7d50\u5408\u300c\u76f2\u76d2\u7d93\u6fdf\u300d\u5e36\u4f86\u7684\u4e0d\u78ba\u5b9a\u6027\u8207\u6536\u85cf\u6a02\u8da3\u3001\u540d\u4eba\u6548\u61c9\uff0c\u4ee5\u53ca\u5e74\u8f15\u4eba\u5c0b\u6c42\u300c\u60c5\u7dd2\u50f9\u503c\u300d\u7684\u65b0\u6d88\u8cbb\u6982\u5ff5\uff0c\u4ee4Labubu\u4e00\u8209\u6210\u70ba\u73fe\u8c61\u7d1a\u6f6e\u73a9IP\uff0c\u5f9e\u4e9e\u6d32\u706b\u5230\u6b50\u7f8e\uff0c\u516c\u4ed4\u62cd\u51fa\u5929\u50f9\uff0c\u66f4\u7372\u96fb\u5f71\u516c\u53f8\u770b\u4e2d\uff0c\u5c07\u63a8\u51faLabubu\u4e3b\u984c\u96fb\u5f71\u3002Labubu\u7684\u751f\u7522\u8005\u6ce1\u6ce1\u746a\u7279\uff089992\uff09\u80a1\u50f9\u4ea6\u7531\u53bb\u5e74\u5e95\u7d0490\u5143\u6c34\u5e73\uff0c\u4e00\u8def\u9ad8\u6b4c\u731b\u9032\u81f38\u6708339.8\u5143\u7684\u6b77\u53f2\u9ad8\u4f4d\uff0c\u5347\u5e45\u7d04278%\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a class=\"gallery-lightbox-preview\" href=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a10.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/dw-media.tkww.hk\/epaper\/wwp\/20251228\/TXT_JPG\/a09a10.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><strong>10 \u7d93\u6fdf\u63d0\u901f\u5411\u524d 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