{"id":435317,"date":"2026-05-13T17:56:00","date_gmt":"2026-05-13T09:56:00","guid":{"rendered":"https:\/\/pingtungtimes.com.tw\/?p=435317"},"modified":"2026-05-13T17:56:00","modified_gmt":"2026-05-13T09:56:00","slug":"%e9%a8%b0%e8%a8%8a%e5%85%ac%e4%bd%88%e4%ba%8c%e9%9b%b6%e4%ba%8c%e5%85%ad%e5%b9%b4%e7%ac%ac%e4%b8%80%e5%ad%a3%e6%a5%ad%e7%b8%be","status":"publish","type":"post","link":"https:\/\/pingtungtimes.com.tw\/?p=435317","title":{"rendered":"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e"},"content":{"rendered":"<div>\n<p class=\"prntac\"><b>\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210\u679c\u51f8\u986f<\/b><\/p>\n<p class=\"prntac\"><b>AI<\/b><b>\u8ce6\u80fd\u4e3b\u696d\u7a69\u5065\u589e\u9577<\/b><\/p>\n<p><span class=\"legendSpanClass\">\u9999\u6e2f<\/span><span class=\"legendSpanClass\">2026\u5e745\u670813\u65e5<\/span> \/\u7f8e\u901a\u793e\/ &#8212;\u00a0\u4e16\u754c\u9818\u5148\u7684\u4e92\u806f\u7db2\u79d1\u6280\u516c\u53f8\u2014\u2014\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u6e2f\u4ea4\u6240\u4ee3\u78bc:00700(\u6e2f\u5e63\u6ac3\u53f0)\u53ca80700(\u4eba\u6c11\u5e63\u6ac3\u53f0)\uff0c\u300c\u9a30\u8a0a\u300d\u6216\u300c\u672c\u516c\u53f8\u300d)\u4eca\u5929\u516c\u4f48\u622a\u81f3\u4e8c\u96f6\u4e8c\u516d\u5e74\u4e09\u6708\u4e09\u5341\u4e00\u65e5\u6b62\u7b2c\u4e00\u5b63(\u300c1Q2026\u300d)\u672a\u7d93\u5be9\u6838\u7d9c\u5408\u696d\u7e3e\u3002<\/p>\n<p>\u8463\u4e8b\u6703\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u99ac\u5316\u9a30\u8868\u793a:\u300c\u4e8c\u96f6\u4e8c\u516d\u5e74\u4f0a\u59cb\uff0c\u6211\u5011\u5728\u65b0AI\u7522\u54c1\u4e0a\u53d6\u5f97\u4e86\u986f\u8457\u7a81\u7834\uff0c\u4e26\u6301\u7e8c\u4ee5AI\u8ce6\u80fd\u6838\u5fc3\u696d\u52d9\u589e\u9577\u3002\u91cd\u7d44\u5f8c\u7684AI\u7814\u767c\u5718\u968a\u91cd\u69cb\u4e86AI\u57fa\u790e\u8a2d\u65bd\uff0c\u642d\u5efa\u4e86Hy3 preview\u6a21\u578b\uff0c\u5728\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u6027\u80fd\u9818\u5148\uff0c\u517c\u5177\u5be6\u7528\u6027\u8207\u6027\u50f9\u6bd4\uff1b\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u5176\u5728OpenRouter\u7684token\u6d88\u8017\u91cf\u6392\u884c\u699c\u4e0a\u7a69\u5c45\u524d\u5217\u3002\u6211\u5011\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5df2\u521d\u898b\u6210\u6548\uff0c\u6211\u5011\u76f8\u4fe1\uff0cWorkBuddy\u76ee\u524d\u662f\u4e2d\u570b\u4f7f\u7528\u6700\u5ee3\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002\u540c\u6642\uff0c\u6211\u5011\u7684\u6838\u5fc3\u696d\u52d9\u5728\u7528\u6236\u7c98\u6027\u3001\u6536\u5165\u53ca\u76c8\u5229\u4e0a\u6301\u7e8c\u589e\u9577\uff0c\u65e2\u70baAI\u6295\u5165\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u73fe\u91d1\u6d41\u652f\u6301\uff0c\u4e5f\u70baAI\u7684\u843d\u5730\u61c9\u7528\u5960\u5b9a\u4e86\u8c50\u5bcc\u7684\u5834\u666f\u57fa\u790e\u3002\u300d<\/p>\n<p><b>1Q2026<\/b><b>\u8ca1\u52d9\u6458\u8981<\/b><\/p>\n<p><b>\u7e3d\u6536\u5165<\/b><b>:<\/b><b>\u540c\u6bd4\u589e\u9577<\/b><b>9%<\/b><b>\uff0c\u6bdb\u5229<\/b><b>:<\/b><b>\u540c\u6bd4\u589e\u9577<\/b><b>11%<\/b><b>\uff0c\u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7684\u7d93\u71df\u76c8\u5229<\/b><b>:<\/b><b>\u540c\u6bd4\u589e\u9577<\/b><b>9%<\/b><\/p>\n<ul type=\"square\">\n<li><b>\u7e3d\u6536\u5165<\/b>\u70ba\u4eba\u6c11\u5e631,965\u5104\u5143\uff0c\u8f03\u4e8c\u96f6\u4e8c\u4e94\u5e74\u7b2c\u4e00\u5b63(\u300c\u540c\u6bd4\u300d)\u589e\u95779%\u3002<\/li>\n<li><b>\u6bdb\u5229<\/b>\u70ba\u4eba\u6c11\u5e631,113\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002<\/li>\n<li>\u6309<b>\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247<\/b>\uff0c\u6487\u9664\u82e5\u5e72\u4e00\u6b21\u6027\u53ca\/\u6216\u975e\u73fe\u91d1\u9805\u76ee\u7684\u5f71\u97ff\uff0c\u4ee5\u9ad4\u73fe\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e:<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li style=\"list-style-type: none;\">\n<ul type=\"disc\">\n<li><b>\u7d93\u71df\u76c8\u5229<\/b>\u70ba\u4eba\u6c11\u5e63756\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95779%; \u7d93\u71df\u5229\u6f64\u7387\u70ba38.5%\uff0c\u8f03\u53bb\u5e74\u6301\u5e73\u3002<\/li>\n<li><b>\u82e5\u5254\u9664\u65b0<\/b><b>AI<\/b><b>\u7522\u54c1<\/b><sup>[1]<\/sup><b>\uff0c\u7d93\u71df\u76c8\u5229<\/b>\u70ba\u4eba\u6c11\u5e63844\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768439.9%\u63d0\u5347\u81f343.0%\u3002<\/li>\n<li><b>\u76c8\u5229<\/b>\u70ba\u4eba\u6c11\u5e63698\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002<\/li>\n<li><b>\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229<\/b>\u70ba\u4eba\u6c11\u5e63679\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002<\/li>\n<li><b>\u6bcf\u80a1\u57fa\u672c\u76c8\u5229<\/b>\u70ba\u4eba\u6c11\u5e637.517\u5143\uff0c<b>\u6bcf\u80a1\u6524\u8584\u76c8\u5229<\/b>\u70ba\u4eba\u6c11\u5e637.364\u5143\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul type=\"square\">\n<li>\u6309<b>\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247<\/b>:<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li style=\"list-style-type: none;\">\n<ul type=\"disc\">\n<li>\u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63674\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768432.0%\u63d0\u5347\u81f334.3%\u3002<\/li>\n<li>\u76c8\u5229\u70ba\u4eba\u6c11\u5e63594\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957719%\u3002<\/li>\n<li>\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63581\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957721%\u3002<\/li>\n<li>\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.431\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.302\u5143\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul type=\"square\">\n<li><b>\u8cc7\u672c\u958b\u652f<\/b>\u70ba\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u540c\u6bd4\u589e\u52a016%\u3002<\/li>\n<li><b>\u7e3d\u73fe\u91d1<\/b>\u70ba\u4eba\u6c11\u5e63 5,337 \u5104\u5143\uff0c\u540c\u6bd4\u589e\u957712%\u3002<b>\u81ea\u7531\u73fe\u91d1\u6d41<\/b>\u70ba\u4eba\u6c11\u5e63567\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957720%\u3002<b>\u73fe\u91d1\u6de8\u984d<\/b>\u70ba\u4eba\u6c11\u5e631,469\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957763%\u3002<\/li>\n<li>\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc<b>\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8<\/b>(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)<b>\u6b0a\u76ca<\/b><b><sup>[2]<\/sup><\/b><b>\u7684\u516c\u5141\u50f9\u503c<\/b>\u70ba\u4eba\u6c11\u5e635,471\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e636,727\u5104\u5143\u3002\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc<b>\u975e\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8<\/b>(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)<b>\u6b0a\u76ca\u7684\u8cec\u9762\u50f9\u503c<\/b>\u70ba\u4eba\u6c11\u5e633,651\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,631\u5104\u5143\u3002<\/li>\n<li>1Q2026\uff0c\u672c\u516c\u53f8\u65bc\u9999\u6e2f\u806f\u4ea4\u6240\u4ee5\u7d0476\u5104\u6e2f\u5143\u7684\u7e3d\u4ee3\u50f9<b>\u56de\u8cfc<\/b>\u7d041,265\u842c\u80a1\u80a1\u4efd\u3002<\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[1]<\/sup> \u5254\u9664\u65b0AI\u7522\u54c1(Hy\u3001\u5143\u5bf6\u3001CodeBuddy\u3001WorkBuddy\u53caQClaw)\u4e4b\u6536\u5165\u3001\u6210\u672c\u53ca\u958b\u652f<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[2]<\/sup> \u5305\u62ec\u900f\u904e\u7279\u6b8a\u76ee\u7684\u516c\u53f8\u6301\u6709\u7684\u6b0a\u76ca\uff0c\u4e14\u6309\u61c9\u4f54\u57fa\u6e96\u8a08<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>1Q2026<\/b><b>\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790 <\/b><\/p>\n<p>\u589e\u503c\u670d\u52d91Q2026\u6536\u5165\u540c\u6bd4\u589e\u95774%\u81f3\u4eba\u6c11\u5e63961\u5104\u5143\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63454\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95776%\uff0c\u6536\u5165\u589e\u901f\u6eef\u5f8c\u65bc\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u589e\u901f\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u5c0e\u81f4\u66f4\u591a\u6536\u5165\u905e\u5ef6\u81f3\u672c\u5b63\u4e4b\u5f8c\u78ba\u8a8d\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u540c\u6bd4\u589e\u9577\u5341\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u56e0\u53d7\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u7b49\u73fe\u6709\u9577\u9752\u904a\u6232\uff0c\u4ee5\u53ca\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b(\u8fd1\u671f\u5df2\u8e8b\u8eab\u9577\u9752\u904a\u6232\u4e4b\u5217) \u3001\u300a\u7121\u754f\u5951\u7d04\uff1a\u6e90\u80fd\u884c\u52d5\u300b\u7b49\u8fd1\u671f\u767c\u4f48\u904a\u6232\u7684\u63a8\u52d5\u3002\u570b\u969b\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63188\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957713%(\u6309\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u70ba14%)\uff0c\u589e\u9577\u4e3b\u8981\u7531\u300a\u90e8\u843d\u885d\u7a81\uff1a\u7687\u5ba4\u6230\u722d\u300b\u3001\u300a\u9cf4\u6f6e\u300b\u53ca\u300a\u7121\u754f\u5951\u7d04\u300b\u500b\u4eba\u96fb\u8166\u7aef\u6240\u5e36\u52d5\u3002\u793e\u4ea4\u7db2\u7d61\u6536\u5165\u540c\u6bd4\u4e0b\u964d2%\u81f3\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u4ee41Q2026\u78ba\u8a8d\u7684\u672c\u571f\u5e02\u5834\u624b\u6a5f\u904a\u6232\u61c9\u7528\u9053\u5177\u92b7\u552e\u6536\u5165\u8f031Q2025\u6e1b\u5c11\u3002<\/p>\n<p>\u71df\u92b7\u670d\u52d91Q2026\u6536\u5165\u70ba\u4eba\u6c11\u5e63382\u5104\u5143\uff0c\u540c\u6bd4\u589e\u901f\u75314Q2025\u768417%\u63d0\u5347\u81f3\u672c\u5b63\u768420%\u3002\u6211\u5011\u5347\u7d1a\u4e86AI\u9a45\u52d5\u7684\u5ee3\u544a\u63a8\u85a6\u6a21\u578b\uff0c\u64f4\u5c55\u4e86\u5fae\u4fe1\u751f\u614b\u5167\u7684\u9589\u74b0\u71df\u92b7\u80fd\u529b\uff0c\u5f9e\u800c\u6539\u5584\u4e86\u5ee3\u544a\u6548\u679c\uff0c\u63d0\u5347\u4e86\u5ee3\u544a\u55ae\u50f9\u3002\u5927\u591a\u6578\u4e3b\u8981\u884c\u696d\u7684\u5ee3\u544a\u4e3b\u6295\u653e\u672c\u5b63\u5ea6\u5747\u6709\u589e\u9577\uff0c\u5176\u4e2d\u4e92\u806f\u7db2\u670d\u52d9\u3001\u96fb\u5546\u548c\u904a\u6232\u884c\u696d\u7684\u589e\u9577\u5c24\u5176\u986f\u8457\u3002<\/p>\n<p>\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d91Q2026\u7684\u6536\u5165\u540c\u6bd4\u589e\u95779%\u81f3\u4eba\u6c11\u5e63599\u5104\u5143\u3002\u91d1\u878d\u79d1\u6280\u670d\u52d9\u6536\u5165\u589e\u9577\u4e3b\u8981\u7531\u5546\u696d\u652f\u4ed8\u53ca\u7406\u8ca1\u670d\u52d9\u6536\u5165\u7684\u589e\u9577\u9a45\u52d5\u3002\u4f01\u696d\u670d\u52d9\u6536\u5165\u540c\u6bd4\u589e\u957720%\uff0c\u5176\u4e2d\u5f97\u76ca\u65bc\u570b\u5167\u8207\u6d77\u5916\u5e02\u5834\u9700\u6c42\u63d0\u5347(\u5305\u62ecAI\u76f8\u95dc\u670d\u52d9)\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u5b9a\u50f9\u74b0\u5883\u5171\u540c\u63a8\u52d5\u4e86\u96f2\u670d\u52d9\u6536\u5165\u589e\u9577\uff0c\u53ca\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u4e0a\u5347\u800c\u5e36\u52d5\u5546\u5bb6\u6280\u8853\u670d\u52d9\u8cbb\u6536\u5165\u589e\u9577\u3002<\/p>\n<p><b>\u7d93\u71df\u6578\u64da<\/b><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen4\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u65bc<\/b><b>2026<\/b><b>\u5e74<\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3<\/b><b>\u6708<\/b><b>31<\/b><b>\u65e5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u65bc2025\u5e74<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">3\u670831\u65e5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u540c\u6bd4\u8b8a\u52d5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u65bc2025\u5e74<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">12\u670831\u65e5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u74b0\u6bd4\u8b8a\u52d5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen5\" colspan=\"6\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(\u767e\u842c\u8a08\uff0c\u53e6\u6709\u6307\u660e\u8005\u9664\u5916)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5fae\u4fe1\u53caWeChat\u7684<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5408\u4f75\u6708\u6d3b\u8e8d\u8cec\u6236\u6578<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,432<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,402<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,418<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">QQ\u7684\u79fb\u52d5\u7d42\u7aef\u6708\u6d3b\u8e8d\u8cec\u6236\u6578<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>516<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">534<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-3\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">508<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u6536\u8cbb\u589e\u503c\u670d\u52d9\u8a02\u95b1\u6703\u54e1\u6578<sup>[3]<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>266<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">268<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-0.7\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">267<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">-0.4\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>1Q2026<\/b><b>\u696d\u52d9\u56de\u9867\u53ca\u5c55\u671b<\/b><\/p>\n<ul type=\"square\">\n<li>\u6211\u5011\u591a\u6b3e<b>\u9577\u9752\u904a\u6232<\/b><sup>[4]<\/sup>\u5728\u672c\u5b63\u6d41\u6c34\u5275\u4e0b\u65b0\u9ad8\uff0c\u5305\u62ec\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u548c\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b\uff0c\u65b0\u904a\u6232\u300a\u6d1b\u514b\u738b\u570b\uff1a\u4e16\u754c\u300b\u4e5f\u5927\u53d7\u6b61\u8fce\u3002<\/li>\n<li>\u6211\u5011\u7684\u667a\u80fd\u6295\u653e\u7522\u54c1\u77e9\u9663\u9a30\u8a0a\u71df\u92b7AIM+\u8ce6\u80fd\u4e86\u5ee3\u544a\u4e3b<b>\u71df\u92b7\u670d\u52d9<\/b>\u6295\u653e\u91d1\u984d\u7684\u7d0430%\uff0c\u4e26\u5728\u5c0f\u904a\u6232\u3001\u77ed\u5287\u548c\u5fae\u4fe1\u5c0f\u5e97\u5ee3\u544a\u4e3b\u4e2d\u7372\u5f97\u4e86\u5ee3\u6cdb\u61c9\u7528\u3002<\/li>\n<li>\u6211\u5011\u64f4\u5927\u4e86<b>\u8996\u983b\u865f<\/b>\u5167\u5bb9\u63a8\u85a6\u6a21\u578b\u53c3\u6578\u898f\u6a21\u4e26\u512a\u5316\u4e86\u6a21\u578b\u7b97\u6cd5\uff0c\u5411\u7528\u6236\u63a8\u9001\u66f4\u76f8\u95dc\u7684\u5167\u5bb9\u3002\u8996\u983b\u865f\u7e3d\u7528\u6236\u4f7f\u7528\u6642\u9577\u540c\u6bd4\u589e\u9577\u8d85\u904e20%\u3002<\/li>\n<li>\u6211\u5011\u70ba<b>\u5fae\u4fe1\u5c0f\u5e97<\/b>\u54c1\u724c\u5546\u5bb6\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4e26\u5411\u8cc7\u6df1\u8cb7\u5bb6\u63a8\u51fa\u4e86\u512a\u60e0\u5238\u5206\u4eab\u529f\u80fd\uff0c\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u7dad\u6301\u5feb\u901f\u7684\u540c\u6bd4\u589e\u9577\u3002<\/li>\n<li><b>\u5546\u696d\u652f\u4ed8<\/b>\u91d1\u984d\u540c\u6bd4\u589e\u901f\u8f034Q2025\u63d0\u5347\uff0c\u53d7\u76ca\u65bc\u4ea4\u6613\u7b46\u6578\u6301\u7e8c\u589e\u9577\uff0c\u4ee5\u53ca\u96f6\u552e\u8207\u9910\u98f2\u670d\u52d9\u7b49\u54c1\u985e\u7684\u7b46\u5747\u4ea4\u6613\u91d1\u984d\u4e0a\u5347\u3002<\/li>\n<li><b>\u9a30\u8a0a\u96f2<\/b>\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5be6\u73fe\u4e86\u5feb\u901f\u7684\u589e\u9577\u8207\u5065\u5eb7\u7684\u7559\u5b58\u7387\u3002\u5176\u4e2d\uff0c\u4ee5\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8a08\uff0cWorkBuddy\u5df2\u6210\u70ba\u4e2d\u570b\u6700\u53d7\u6b61\u8fce\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002<\/li>\n<li>\u56db\u6708\u6211\u5011\u767c\u4f48\u4e86\u57fa\u65bc\u91cd\u69cb\u5f8c\u7684AI\u57fa\u790e\u8a2d\u65bd\u4e0a\u642d\u5efa\u7684<b>Hy3 preview<\/b>\u5927\u8a9e\u8a00\u6a21\u578b\u3002\u6211\u5011\u76f8\u4fe1Hy3 preview\u5728\u63a8\u7406\u3001\u667a\u80fd\u9ad4\u548c\u4ee3\u78bc\u7684\u80fd\u529b\u4e0a\uff0c\u70ba\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u8868\u73fe\u6700\u4f73\u7684\u3002\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u4ee5token\u6d88\u8017\u91cf\u8a08\uff0c\u5176\u5df2\u6210\u70baOpenRouter\u4e0a\u6700\u5ee3\u53d7\u4f7f\u7528\u7684\u6a21\u578b\u3002<\/li>\n<\/ul>\n<p><i>\u6709\u95dc\u66f4\u8a73\u7d30\u7684\u62ab\u9732\uff0c\u8acb\u700f\u89bd<\/i><a href=\"https:\/\/www.tencent.com\/zh-hk\/investors.html\" target=\"_blank\" rel=\"nofollow\" style=\"color: #0000FF\"><i>https:\/\/www.tencent.com\/zh-hk\/investors.html<\/i><\/a><i>\u6216\u901a\u904e\u5fae\u4fe1\u516c\u773e\u865f<\/i><i>(<\/i><i>\u5fae\u4fe1\u865f<\/i><i>:TencentGlobal)<\/i><i>\u5173\u6ce8\u6211\u4eec\u3002<\/i><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[3]<\/sup> \u5b63\u5ea6\u8a02\u95b1\u6703\u54e1\u6578\u7684\u65e5\u5747\u503c<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[4]<\/sup> \u9577\u9752\u904a\u6232\u6307\u65bc\u672c\u571f\u53ca\u570b\u969b\u5e02\u5834\uff0c\u5b63\u5ea6\u5e73\u5747\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8d85\u904e500\u842c\u7684\u624b\u904a\u6216\u8d85\u904e200\u842c\u7684\u500b\u4eba\u96fb\u8166\u904a\u6232\uff0c\u4e14\u5e74\u6d41\u6c34\u8d85\u904e\u4eba\u6c11\u5e6340 \u5104\u5143<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>\u95dc\u65bc\u9a30\u8a0a<\/b><\/p>\n<p>\u9a30\u8a0a\u4ee5\u6280\u8853\u8c50\u5bcc\u4e92\u806f\u7db2\u7528\u6236\u7684\u751f\u6d3b\u3002<\/p>\n<p>\u901a\u904e\u901a\u4fe1\u53ca\u793e\u4ea4\u670d\u52d9\u5fae\u4fe1\u548cQQ\uff0c\u4fc3\u9032\u7528\u6236\u4e92\u76f8\u9023\u63a5\uff0c\u4e26\u52a9\u5176\u9023\u63a5\u6578\u5b57\u5167\u5bb9\u3001\u7db2\u4e0a\u53ca\u7dda\u4e0b\u670d\u52d9\u3002\u901a\u904e\u5b9a\u5411\u71df\u92b7\u670d\u52d9\uff0c\u52a9\u529b\u5ee3\u544a\u4e3b\u89f8\u9054\u6578\u4ee5\u5104\u8a08\u7684\u4e2d\u570b\u6d88\u8cbb\u8005\u3002\u901a\u904e\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9\uff0c\u4fc3\u9032\u5408\u4f5c\u5925\u4f34\u696d\u52d9\u589e\u9577\uff0c\u52a9\u529b\u5be6\u73fe\u6578\u5b57\u5316\u5347\u7d1a\u3002<\/p>\n<p>\u9a30\u8a0a\u5927\u529b\u6295\u8cc7\u65bc\u4eba\u624d\u968a\u4f0d\u548c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\uff0c\u7a4d\u6975\u53c3\u8207\u4e92\u806f\u7db2\u884c\u696d\u5354\u540c\u767c\u5c55\u3002\u9a30\u8a0a\u65bc1998\u5e74\u5728\u4e2d\u570b\u6df1\u5733\u6210\u7acb\uff0c\u9a30\u8a0a2004\u5e74\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u4e0a\u5e02\u3002<\/p>\n<p><b>\u6295\u8cc7\u8005\u67e5\u8a62<\/b><b>:<\/b><a href=\"mailto:IR@tencent.com\" target=\"_blank\" rel=\"nofollow\" style=\"color: #0000FF\"><b>IR@tencent.com<\/b><\/a><br \/><b>\u5a92\u9ad4\u67e5\u8a62<\/b><b>:<\/b><a href=\"mailto:GC@tencent.com\" target=\"_blank\" rel=\"nofollow\" style=\"color: #0000FF\"><b>GC@tencent.com<\/b><\/a><\/p>\n<p><b>\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf<\/b><\/p>\n<p>\u70ba\u88dc\u5145\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718(\u300c\u672c\u516c\u53f8\u53ca\u5176\u9644\u5c6c\u516c\u53f8\u300d)\u7d9c\u5408\u696d\u7e3e\uff0c\u82e5\u5e72\u984d\u5916\u7684\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf(\u7d93\u71df\u76c8\u5229\u3001\u7d93\u71df\u5229\u6f64\u7387\u3001\u671f\u5167\u76c8\u5229\u3001\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u3001\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u53ca\u6bcf\u80a1\u6524\u8584\u76c8\u5229)\u5df2\u65bc\u672c\u516c\u4f48\u5167\u5448\u5217\u3002\u6b64\u7b49\u672a\u7d93\u5be9\u6838\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u61c9\u88ab\u8996\u70ba\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718\u8ca1\u52d9\u696d\u7e3e\u7684\u88dc\u5145\u800c\u975e\u66ff\u4ee3\u8a08\u91cf\u3002\u6b64\u5916\uff0c\u6b64\u7b49\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u7684\u5b9a\u7fa9\u53ef\u80fd\u8207\u5176\u4ed6\u516c\u53f8\u6240\u7528\u7684\u985e\u4f3c\u8a5e\u5f59\u6709\u6240\u4e0d\u540c\u3002<\/p>\n<p>\u672c\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u76f8\u4fe1\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u85c9\u6392\u9664\u82e5\u5e72\u975e\u73fe\u91d1\u9805\u76ee\u53ca\u6295\u8cc7\u76f8\u95dc\u4ea4\u6613\u7684\u82e5\u5e72\u5f71\u97ff\u70ba\u6295\u8cc7\u8005\u8a55\u4f30\u672c\u96c6\u5718\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e\u63d0\u4f9b\u6709\u7528\u7684\u88dc\u5145\u8cc7\u6599\u3002\u6b64\u5916\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u5305\u62ec\u672c\u96c6\u5718\u4e3b\u8981\u806f\u71df\u516c\u53f8\u7684\u76f8\u95dc\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\uff0c\u6b64\u4e43\u57fa\u65bc\u76f8\u95dc\u4e3b\u8981\u806f\u71df\u516c\u53f8\u53ef\u7372\u5f97\u7684\u5df2\u516c\u4f48\u8ca1\u52d9\u8cc7\u6599\u6216\u672c\u516c\u53f8\u7ba1\u7406\u5c64\u6839\u64da\u6240\u7372\u5f97\u7684\u8cc7\u6599\u3001\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\u6240\u4f5c\u51fa\u7684\u4f30\u8a08\u3002<\/p>\n<p><b>\u91cd\u8981\u6ce8\u610f\u4e8b\u9805<\/b><\/p>\n<p>\u672c\u65b0\u805e\u7a3f\u8f09\u6709\u524d\u77bb\u6027\u9673\u8ff0\uff0c\u6d89\u53ca\u672c\u96c6\u5718\u7684\u696d\u52d9\u5c55\u671b\u3001\u8ca1\u52d9\u8868\u73fe\u4f30\u8a08\u3001\u9810\u6e2c\u696d\u52d9\u8a08\u5283\u53ca\u589e\u9577\u7b56\u7565\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u672c\u96c6\u5718\u73fe\u6709\u7684\u8cc7\u6599\uff0c\u4ea6\u6309\u672c\u65b0\u805e\u7a3f\u520a\u767c\u4e4b\u6642\u7684\u5c55\u671b\u70ba\u57fa\u6e96\uff0c\u5728\u672c\u65b0\u805e\u7a3f\u5167\u8f09\u5217\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\uff0c\u7576\u4e2d\u6709\u4e9b\u6d89\u53ca\u4e3b\u89c0\u56e0\u7d20\u6216\u4e0d\u53d7\u6211\u5011\u63a7\u5236\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6216\u6703\u8b49\u660e\u70ba\u4e0d\u6b63\u78ba\u53ca\u53ef\u80fd\u4e0d\u6703\u5728\u5c07\u4f86\u5be6\u73fe\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6d89\u53ca\u8a31\u591a\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\u3002\u9451\u65bc\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\uff0c\u672c\u65b0\u805e\u7a3f\u5167\u6240\u8f09\u5217\u7684\u524d\u77bb\u6027\u9673\u8ff0\u4e0d\u61c9\u8996\u70ba\u8463\u4e8b\u6703\u6216\u672c\u516c\u53f8\u8072\u660e\u8a72\u7b49\u8a08\u5283\u53ca\u76ee\u6a19\u5c07\u6703\u5be6\u73fe\uff0c\u6545\u6295\u8cc7\u8005\u4e0d\u61c9\u904e\u65bc\u501a\u8cf4\u8a72\u7b49\u9673\u8ff0\u3002<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7c21\u660e\u7d9c\u5408\u6536\u76ca\u8868<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen10\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672a\u7d93\u5be9\u6838<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1Q2026<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1Q2025<\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntar prncbts prnbrbrs prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4Q2025<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6536\u5165<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>196,458<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">180,022<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">194,371<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u589e\u503c\u670d\u52d9<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>96,110<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">92,133<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">89,920<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u71df\u92b7\u670d\u52d9<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>38,171<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">31,853<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">41,116<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>59,885<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">54,907<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">60,818<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0 \u5176\u4ed6<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,292<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,129<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,517<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6536\u5165\u6210\u672c<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(85,193)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(79,529)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(86,082)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6bdb\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>111,265<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">100,493<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">108,289<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6bdb\u5229\u7387<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>57\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">56\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">56\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u92b7\u552e\u53ca\u5e02\u5834\u63a8\u5ee3\u958b\u652f<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(11,343)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(7,866)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(12,983)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u4e00\u822c\u53ca\u884c\u653f\u958b\u652f<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(33,800)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(33,664)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(36,283)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,253<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(1,397)<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,315<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7d93\u71df\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>67,375<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">57,566<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">60,338<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7d93\u71df\u5229\u6f64\u7387<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>34\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">32\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">31\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u6295\u8cc7\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\u53ca\u5176\u4ed6<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,928<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,407<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,303<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5229\u606f\u6536\u5165<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>4,025<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,748<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4,784<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u8ca1\u52d9\u6210\u672c<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(2,979)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,860)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,573)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229(\u8667\u640d)\/\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,620<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4,581<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6,832<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u9664\u7a05\u524d\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>73,969<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">63,442<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">71,684<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u6240\u5f97\u7a05\u958b\u652f<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(14,577)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(13,717)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(12,595)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u671f\u5167\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>59,392<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">49,725<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">59,089<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"2\"><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"2\"><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>58,093<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">47,821<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">58,260<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u975e\u63a7\u5236\u6027\u6b0a\u76ca<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,299<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,904<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">829<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen14\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prnpr10 prnpl2 prnvab prntar prncbts prnbrbrs prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7d93\u71df\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>75,627<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">69,320<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">69,518<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247<\/b><\/span><\/p>\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>67,905<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">61,329<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">64,694<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54<\/b><\/span><\/p>\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>\u6bcf\u80a1\u76c8\u5229<\/b><b>(<\/b><b>\u6bcf\u80a1\u4eba\u6c11\u5e63\u5143<\/b><b>)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">&#8211; \u57fa\u672c<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6.431<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5.252<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6.433<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">&#8211; \u6524\u8584<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6.302<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5.129<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6.276<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"5\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7c21\u660e\u7d9c\u5408\u5168\u9762\u6536\u76ca\u8868<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"5\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen10\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672a\u7d93\u5be9\u6838<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1Q2026<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntar prnsbtb1 prnbrbrs prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1Q2025<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u671f\u5167\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntar prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>59,392<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">49,725<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u5176\u4ed6\u5168\u9762\u6536\u76ca<\/b><b>(<\/b><b>\u9664\u7a05\u6de8\u984d<\/b><b>)<\/b><b>:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntar prncbts prnbrbrs prnsbbb1 prnbsbls\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntar prncbts prnbrbrs prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u5176\u5f8c\u53ef\u80fd\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(222)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">652<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml10\"><span class=\"prnews_span\">\u8655\u7f6e\u53ca\u8996\u540c\u8655\u7f6e\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5f8c\u5206\u4f54\u5176\u4ed6\u5168\u9762\u6536\u76ca\u8f49\u81f3\u640d\u76ca<\/span><\/p>\n<\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>135<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml10\"><span class=\"prnews_span\">\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684<\/span><\/p>\n<p class=\"prnml10\"><span class=\"prnews_span\">\u00a0 \u91d1\u878d\u8cc7\u7522\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(60)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">106<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"3\" rowspan=\"1\" nowrap>\n<p class=\"prnml10\"><span class=\"prnews_span\">\u8655\u7f6e\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u5f8c\u8f49\u81f3\u640d\u76ca<\/span><\/p>\n<\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(19)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u5916\u5e63\u6298\u7b97\u5dee\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(13,883)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,294<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(5)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntar prnsbtb1 prnbrbrs prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(213)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u5176\u5f8c\u4e0d\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen29\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml10\"><span class=\"prnews_span\">\u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(330)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">522<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\" nowrap>\n<p class=\"prnml10\"><span class=\"prnews_span\">\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u7684\u516c<br \/>\u00a0 \u00a0\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(66,118)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">26,361<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u5916\u5e63\u6298\u7b97\u5dee\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(2,887)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">370<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(3)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(83,392)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen26\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">30,099<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u671f\u5167\u5168\u9762\u6536\u76ca\u7e3d\u984d<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen32\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(24,000)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen33\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">79,824<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntar prnsbtd prnbrbrs prnsbbb1 prnbsbls\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntar prnsbtd prnbrbrs prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen18\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(22,676)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">75,858<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u975e\u63a7\u5236\u6027\u6b0a\u76ca<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen20\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1,324)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnpr4 prnpl2 prnvab prntar prnsbtb1 prnbrbrs prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,966<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen8\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u5176\u4ed6\u8ca1\u52d9\u8cc7\u6599<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672a\u7d93\u5be9\u6838<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1Q2026<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1Q2025<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4Q2025<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">EBITDA (a)<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>84,167<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">73,817<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">77,126<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u7d93\u8abf\u6574\u7684EBITDA (a)<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>89,617<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">81,559<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">83,048<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387 (b)<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>46\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">45\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">43\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5229\u606f\u53ca\u76f8\u95dc\u958b\u652f<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,134<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,386<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,323<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u73fe\u91d1\u6de8\u984d (c)<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>146,860<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">90,229<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">107,145<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen13\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u8cc7\u672c\u958b\u652f (d)<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>31,936<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">27,476<\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">19,632<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u9644\u8a3b<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(a) EBITDA\u4e43\u6309\u7d93\u71df\u76c8\u5229\u6263\u9664\u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\uff0c\u52a0\u56de\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750\u3001\u6295\u8cc7\u7269\u696d\u53ca\u4f7f\u7528\u6b0a\u8cc7\u7522\u7684\u6298\u820a\u3001\u4ee5\u53ca\u7121\u5f62\u8cc7\u7522\u53ca\u571f\u5730<br \/>\u00a0 \u00a0 \u00a0\u4f7f\u7528\u6b0a\u7684\u6524\u92b7\u8a08\u7b97\u3002\u7d93\u8abf\u6574\u7684EBITDA\u4e43\u6309EBITDA\u52a0\u6309\u6b0a\u76ca\u7d50\u7b97\u7684\u80a1\u4efd\u916c\u91d1\u958b\u652f\u8a08\u7b97<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(b) \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387\u4e43\u6309\u7d93\u8abf\u6574\u7684EBITDA\u9664\u4ee5\u6536\u5165\u8a08\u7b97<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(c) \u73fe\u91d1\u6de8\u984d\u70ba\u671f\u672b\u9918\u984d\uff0c\u4e43\u6839\u64da\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u52a0\u5b9a\u671f\u5b58\u6b3e\u53ca\u5176\u4ed6(\u5305\u62ec\u70ba\u8cc7\u91d1\u7ba1\u7406\u76ee\u7684\u800c\u6301\u6709\u7684\u9ad8\u6d41\u52d5\u6027\u6295\u8cc7\u7522\u54c1)\uff0c\u6e1b\u501f\u6b3e\u53ca<br \/>\u00a0 \u00a0 \u00a0\u61c9\u4ed8\u7968\u64da\u8a08\u7b97<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(d) \u8cc7\u672c\u958b\u652f\u4e3b\u8981\u5305\u62ec\u5c0d\u4fe1\u606f\u6280\u8853\u57fa\u790e\u8a2d\u65bd(\u5305\u62ec\u96fb\u8166\u8a2d\u5099\u3001\u96f6\u914d\u4ef6\u53ca\u8edf\u4ef6)\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u571f\u5730\u4f7f\u7528\u6b0a\u3001\u8fa6\u516c\u5712\u5340\u53ca\u77e5\u8b58\u7522\u6b0a(\u4e0d\u5305\u62ec\u5a92<br \/>\u00a0 \u00a0 \u00a0\u9ad4\u5167\u5bb9)\u7684\u6295\u5165<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen6\" colspan=\"7\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672a<\/b><b>\u7d93\u5be9\u6838<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u7d93\u5be9\u6838<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u65bc<\/b><b>2026<\/b><b>\u5e74<\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3<\/b><b>\u6708<\/b><b>31<\/b><b>\u65e5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u65bc2025\u5e74<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">12\u670831\u65e5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u8cc7\u7522<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen38\" colspan=\"3\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen38\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u975e\u6d41\u52d5\u8cc7\u7522<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>165,666<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">149,905<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u571f\u5730\u4f7f\u7528\u6b0a<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>22,122<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">22,339<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u4f7f\u7528\u6b0a\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>17,353<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">17,367<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5728\u5efa\u5de5\u7a0b<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5,719<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">9,670<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u6295\u8cc7\u7269\u696d<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,131<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">950<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u7121\u5f62\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>199,008<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">205,999<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u65bc\u806f\u71df\u516c\u53f8\u7684\u6295\u8cc7<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>330,532<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">342,409<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u65bc\u5408\u71df\u516c\u53f8\u7684\u6295\u8cc7<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6,374<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6,303<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>208,887<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">207,157<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684<\/span><\/p>\n<p class=\"prnml30\"><span class=\"prnews_span\">\u91d1\u878d\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>298,052<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">356,640<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>45,424<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">24,540<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u5176\u4ed6\u91d1\u878d\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,084<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,327<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>29,698<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">28,618<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5b9a\u671f\u5b58\u6b3e<\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>73,404<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">70,302<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen39\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,404,454<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen39\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,443,526<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6d41\u52d5\u8cc7\u7522<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5b58\u8ca8<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>582<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">530<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u61c9\u6536\u8cec\u6b3e<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>58,116<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">49,930<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>117,147<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">111,270<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5176\u4ed6\u91d1\u878d\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,779<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4,201<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>27,627<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">35,929<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0 \u00a0\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0 \u00a0 \u00a0 \u00a0 \u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>8,781<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">8,781<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5b9a\u671f\u5b58\u6b3e<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>205,537<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">236,801<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u53d7\u9650\u5236\u73fe\u91d1<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,597<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6,977<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml10\"><span class=\"prnews_span\">\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269<\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>217,770<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">141,041<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen38\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen38\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen38\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen38\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>646,936<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">595,460<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u8cc7\u7522\u7e3d\u984d<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen40\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,051,390<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen40\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,038,986<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868<\/b><b><i>(<\/i><\/b><b><i>\u7e8c\u4e0a<\/i><\/b><b><i>)<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672a\u7d93\u5be9\u6838<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u7d93\u5be9\u6838 <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u65bc<\/b><b>2026<\/b><b>\u5e74<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u65bc2025\u5e74<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3<\/b><b>\u6708<\/b><b>31<\/b><b>\u65e5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"2\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">12\u670831\u65e5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6b0a\u76ca<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen41\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen41\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen41\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6b0a\u76ca<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u80a1\u672c<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>&#8211;<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u80a1\u672c\u6ea2\u50f9<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>68,575<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">63,796<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5eab\u5b58\u80a1<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(1,060)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(3,450)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0 \u00a0 \u80a1\u4efd\u734e\u52f5\u8a08\u5283\u6240\u6301\u80a1\u4efd<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(8,605)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(7,124)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5176\u4ed6\u5132\u5099<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,640<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">90,494<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u4fdd\u7559\u76c8\u5229<\/span><\/p>\n<\/td>\n<td class=\"prngen42\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,061,102<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen42\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,010,436<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,127,652<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,154,152<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u975e\u63a7\u5236\u6027\u6b0a\u76ca<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>83,975<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">86,913<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6b0a\u76ca\u7e3d\u984d<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen43\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,211,627<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen43\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,241,065<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u8ca0\u50b5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u975e\u6d41\u52d5\u8ca0\u50b5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u501f\u6b3e<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>207,881<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">208,369<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u61c9\u4ed8\u7968\u64da<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>124,350<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">126,204<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u9577\u671f\u61c9\u4ed8\u6b3e\u9805<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>10,752<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,544<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,679<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,879<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8ca0\u50b5<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>23,591<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">21,684<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u79df\u8cc3\u8ca0\u50b5<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>13,074<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">13,280<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u905e\u5ef6\u6536\u5165<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,564<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,210<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen43\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>385,891<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen43\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">385,170<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6d41\u52d5\u8ca0\u50b5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u61c9\u4ed8\u8cec\u6b3e<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>141,748<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">121,127<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5176\u4ed6\u61c9\u4ed8\u6b3e\u9805\u53ca\u9810\u63d0\u8cbb\u7528<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>81,153<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">96,496<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u501f\u6b3e<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>51,114<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">42,618<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0 \u00a0 \u61c9\u4ed8\u7968\u64da<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,460<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,542<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u6d41\u52d5\u6240\u5f97\u7a05\u8ca0\u50b5<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>19,961<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">18,558<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0 \u00a0 \u5176\u4ed6\u7a05\u9805\u8ca0\u50b5<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6,130<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,723<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,355<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,992<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2003\u79df\u8cc3\u8ca0\u50b5<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5,632<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">5,386<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u00a0 \u00a0 \u905e\u5ef6\u6536\u5165<\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>141,319<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">110,309<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen43\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>453,872<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen43\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">412,751<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u8ca0\u50b5\u7e3d\u984d<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>839,763<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">797,921<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6b0a\u76ca\u53ca\u8ca0\u50b5\u7e3d\u984d<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen44\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,051,390<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen23\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen44\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,038,986<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen5\" colspan=\"9\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u8207\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u88fd\u7684\u6700\u8fd1\u8a08\u91cf\u4e4b\u9593\u7684\u8abf\u7bc0<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prnpr2 prnpl2 prnvam prncbts prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"2\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u5df2\u5831\u544a<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen47\" colspan=\"6\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u8abf\u6574<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen48\" colspan=\"1\" rowspan=\"2\" nowrap>\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen49\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u4eba\u6c11\u5e63\u767e\u842c\u5143<\/i><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><i>\u767e\u5206\u6bd4\u9664\u5916<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen48\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u80a1\u4efd\u916c\u91d1 <\/b><b>(a)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen48\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u4f86\u81ea\u6295\u8cc7\u516c\u53f8\u7684<\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(<\/b><b>\u6536\u76ca<\/b><b>)\/<\/b><b>\u8667\u640d\u6de8\u984d <\/b><b>(b)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen48\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7121\u5f62\u8cc7\u7522\u6524\u92b7 <\/b><b>(c)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen48\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6e1b\u503c\u64a5\u5099<\/b><b>\/(<\/b><b>\u64a5\u56de<\/b><b>) (d)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen48\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>SSV<\/b><b>\u53ca<\/b><b>CPP (e)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen48\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u6240\u5f97\u7a05\u5f71\u97ff <\/b><b>(f)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen47\" colspan=\"6\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672a\u7d93\u5be9\u6838\u622a\u81f3 <\/b><b>2026 <\/b><b>\u5e74 <\/b><b>3 <\/b><b>\u6708 <\/b><b>31 <\/b><b>\u65e5\u6b62\u4e09\u500b\u6708<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7d93\u71df\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>67,375<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>6,534<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u2013<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,578<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u2013<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>140<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u2013<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>75,627<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)<br \/>\u00a0 \u6de8\u984d<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,620<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>810<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>817<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,612<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>264<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u2013<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u2013<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,123<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u671f\u5167\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>59,392<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,344<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(3,255)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>3,190<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,467<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>765<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(130)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>69,773<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>58,093<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,193<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(3,342)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,862<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,397<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>765<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(63)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>67,905<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen49\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u7d93\u71df\u5229\u6f64\u7387<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>34\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>38\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen47\" colspan=\"6\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e743 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708<\/span><\/p>\n<\/td>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u7d93\u71df\u76c8\u5229<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">57,566<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,100<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,515<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">139<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">69,320<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4,581<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">968<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">111<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,713<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">267<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7,640<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u671f\u5167\u76c8\u5229<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">49,725<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">11,068<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(31)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,228<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(689)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">160<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(769)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">62,692<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">47,821<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">10,833<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,081<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,854<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(719)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">160<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(701)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">61,329<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen49\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u7d93\u71df\u5229\u6f64\u7387<\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">32\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">39\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen47\" colspan=\"6\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e7412\u6708 31 \u65e5\u6b62\u4e09\u500b\u6708<\/span><\/p>\n<\/td>\n<td class=\"prngen50\" colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen51\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u7d93\u71df\u76c8\u5229<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">60,338<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7,210<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,594<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">376<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen45\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">69,518<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">6,832<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">773<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(26)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,522<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">46<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u2013<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">9,147<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u671f\u5167\u76c8\u5229<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">59,089<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7,983<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(7,479)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,116<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">3,617<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,338<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(953)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">66,711<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">58,260<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">7,902<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(7,515)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,793<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">2,812<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,338<\/span><\/p>\n<\/td>\n<td class=\"prngen52\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(896)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">64,694<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen49\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u7d93\u71df\u5229\u6f64\u7387<\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">31\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen53\" colspan=\"1\" rowspan=\"1\"><\/td>\n<td class=\"prngen37\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">36\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u9644\u8a3b:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(a) \u5305\u62ec\u6388\u4e88\u6295\u8cc7\u516c\u53f8\u50f1\u54e1\u7684\u8a8d\u6cbd\u671f\u6b0a(\u53ef\u7531\u672c\u96c6\u5718\u6536\u8cfc\u7684\u6295\u8cc7\u516c\u53f8\u7684\u80a1\u4efd\u53ca\u6839\u64da\u5176\u80a1\u4efd\u734e\u52f5\u8a08\u5283\u800c\u767c\u884c\u7684\u80a1\u4efd)\u53ca\u5176\u4ed6\u734e\u52f5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(b) \u5305\u62ec\u8996\u540c\u8655\u7f6e\/\u8655\u7f6e\u6295\u8cc7\u516c\u53f8\u3001\u6295\u8cc7\u516c\u53f8\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d\u4ee5\u53ca\u8207\u6295\u8cc7\u516c\u53f8\u80a1\u6b0a\u4ea4\u6613\u76f8\u95dc\u7684\u5176\u4ed6\u958b\u652f<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(c) \u56e0\u6536\u8cfc\u7522\u751f\u7684\u7121\u5f62\u8cc7\u7522\u6524\u92b7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(d) \u4e3b\u8981\u5305\u62ec\u65bc\u806f\u71df\u516c\u53f8\u3001\u5408\u71df\u516c\u53f8\u3001\u5546\u8b7d\u53ca\u6536\u8cfc\u7522\u751f\u7684\u5176\u4ed6\u7121\u5f62\u8cc7\u7522\u7684\u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(e) \u4e3b\u8981\u5305\u62ec\u672c\u96c6\u5718\u53ef\u6301\u7e8c\u793e\u6703\u50f9\u503c\u53ca\u5171\u540c\u5bcc\u88d5\u8a08\u5283\u9805\u76ee\u6240\u7522\u751f\u7684\u6350\u6b3e\u53ca\u958b\u652f<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">(f) \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u7684\u6240\u5f97\u7a05\u5f71\u97ff<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210&#8230;<\/p>\n","protected":false},"author":16,"featured_media":199219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[40567],"tags":[],"class_list":["post-435317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-40567"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831<\/title>\n<meta name=\"description\" content=\"\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210\u679c\u51f8\u986f AI\u8ce6\u80fd\u4e3b\u696d\u7a69\u5065\u589e\u9577 \u9999\u6e2f2026\u5e745\u670813\u65e5 \/\u7f8e\u901a\u793e\/ --\u00a0\u4e16\u754c\u9818\u5148\u7684\u4e92\u806f\u7db2\u79d1\u6280\u516c\u53f8\u2014\u2014\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u6e2f\u4ea4\u6240\u4ee3\u78bc:00700(\u6e2f\u5e63\u6ac3\u53f0)\u53ca80700(\u4eba\u6c11\u5e63\u6ac3\u53f0)\uff0c\u300c\u9a30\u8a0a\u300d\u6216\u300c\u672c\u516c\u53f8\u300d)\u4eca\u5929\u516c\u4f48\u622a\u81f3\u4e8c\u96f6\u4e8c\u516d\u5e74\u4e09\u6708\u4e09\u5341\u4e00\u65e5\u6b62\u7b2c\u4e00\u5b63(\u300c1Q2026\u300d)\u672a\u7d93\u5be9\u6838\u7d9c\u5408\u696d\u7e3e\u3002 \u8463\u4e8b\u6703\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u99ac\u5316\u9a30\u8868\u793a:\u300c\u4e8c\u96f6\u4e8c\u516d\u5e74\u4f0a\u59cb\uff0c\u6211\u5011\u5728\u65b0AI\u7522\u54c1\u4e0a\u53d6\u5f97\u4e86\u986f\u8457\u7a81\u7834\uff0c\u4e26\u6301\u7e8c\u4ee5AI\u8ce6\u80fd\u6838\u5fc3\u696d\u52d9\u589e\u9577\u3002\u91cd\u7d44\u5f8c\u7684AI\u7814\u767c\u5718\u968a\u91cd\u69cb\u4e86AI\u57fa\u790e\u8a2d\u65bd\uff0c\u642d\u5efa\u4e86Hy3 preview\u6a21\u578b\uff0c\u5728\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u6027\u80fd\u9818\u5148\uff0c\u517c\u5177\u5be6\u7528\u6027\u8207\u6027\u50f9\u6bd4\uff1b\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u5176\u5728OpenRouter\u7684token\u6d88\u8017\u91cf\u6392\u884c\u699c\u4e0a\u7a69\u5c45\u524d\u5217\u3002\u6211\u5011\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5df2\u521d\u898b\u6210\u6548\uff0c\u6211\u5011\u76f8\u4fe1\uff0cWorkBuddy\u76ee\u524d\u662f\u4e2d\u570b\u4f7f\u7528\u6700\u5ee3\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002\u540c\u6642\uff0c\u6211\u5011\u7684\u6838\u5fc3\u696d\u52d9\u5728\u7528\u6236\u7c98\u6027\u3001\u6536\u5165\u53ca\u76c8\u5229\u4e0a\u6301\u7e8c\u589e\u9577\uff0c\u65e2\u70baAI\u6295\u5165\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u73fe\u91d1\u6d41\u652f\u6301\uff0c\u4e5f\u70baAI\u7684\u843d\u5730\u61c9\u7528\u5960\u5b9a\u4e86\u8c50\u5bcc\u7684\u5834\u666f\u57fa\u790e\u3002\u300d 1Q2026\u8ca1\u52d9\u6458\u8981 \u7e3d\u6536\u5165:\u540c\u6bd4\u589e\u95779%\uff0c\u6bdb\u5229:\u540c\u6bd4\u589e\u957711%\uff0c\u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7684\u7d93\u71df\u76c8\u5229:\u540c\u6bd4\u589e\u95779%   \u7e3d\u6536\u5165\u70ba\u4eba\u6c11\u5e631,965\u5104\u5143\uff0c\u8f03\u4e8c\u96f6\u4e8c\u4e94\u5e74\u7b2c\u4e00\u5b63(\u300c\u540c\u6bd4\u300d)\u589e\u95779%\u3002  \u6bdb\u5229\u70ba\u4eba\u6c11\u5e631,113\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002  \u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\uff0c\u6487\u9664\u82e5\u5e72\u4e00\u6b21\u6027\u53ca\/\u6216\u975e\u73fe\u91d1\u9805\u76ee\u7684\u5f71\u97ff\uff0c\u4ee5\u9ad4\u73fe\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63756\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95779%; \u7d93\u71df\u5229\u6f64\u7387\u70ba38.5%\uff0c\u8f03\u53bb\u5e74\u6301\u5e73\u3002   \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63844\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768439.9%\u63d0\u5347\u81f343.0%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63698\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63679\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.517\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.364\u5143\u3002      \u6309\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63674\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768432.0%\u63d0\u5347\u81f334.3%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63594\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957719%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63581\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957721%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.431\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.302\u5143\u3002      \u8cc7\u672c\u958b\u652f\u70ba\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u540c\u6bd4\u589e\u52a016%\u3002  \u7e3d\u73fe\u91d1\u70ba\u4eba\u6c11\u5e63 5,337 \u5104\u5143\uff0c\u540c\u6bd4\u589e\u957712%\u3002\u81ea\u7531\u73fe\u91d1\u6d41\u70ba\u4eba\u6c11\u5e63567\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957720%\u3002\u73fe\u91d1\u6de8\u984d\u70ba\u4eba\u6c11\u5e631,469\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957763%\u3002  \u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e635,471\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e636,727\u5104\u5143\u3002\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u975e\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,651\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,631\u5104\u5143\u3002  1Q2026\uff0c\u672c\u516c\u53f8\u65bc\u9999\u6e2f\u806f\u4ea4\u6240\u4ee5\u7d0476\u5104\u6e2f\u5143\u7684\u7e3d\u4ee3\u50f9\u56de\u8cfc\u7d041,265\u842c\u80a1\u80a1\u4efd\u3002            \u5254\u9664\u65b0AI\u7522\u54c1(Hy\u3001\u5143\u5bf6\u3001CodeBuddy\u3001WorkBuddy\u53caQClaw)\u4e4b\u6536\u5165\u3001\u6210\u672c\u53ca\u958b\u652f         \u5305\u62ec\u900f\u904e\u7279\u6b8a\u76ee\u7684\u516c\u53f8\u6301\u6709\u7684\u6b0a\u76ca\uff0c\u4e14\u6309\u61c9\u4f54\u57fa\u6e96\u8a08        1Q2026\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790  \u589e\u503c\u670d\u52d91Q2026\u6536\u5165\u540c\u6bd4\u589e\u95774%\u81f3\u4eba\u6c11\u5e63961\u5104\u5143\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63454\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95776%\uff0c\u6536\u5165\u589e\u901f\u6eef\u5f8c\u65bc\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u589e\u901f\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u5c0e\u81f4\u66f4\u591a\u6536\u5165\u905e\u5ef6\u81f3\u672c\u5b63\u4e4b\u5f8c\u78ba\u8a8d\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u540c\u6bd4\u589e\u9577\u5341\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u56e0\u53d7\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u7b49\u73fe\u6709\u9577\u9752\u904a\u6232\uff0c\u4ee5\u53ca\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b(\u8fd1\u671f\u5df2\u8e8b\u8eab\u9577\u9752\u904a\u6232\u4e4b\u5217) \u3001\u300a\u7121\u754f\u5951\u7d04\uff1a\u6e90\u80fd\u884c\u52d5\u300b\u7b49\u8fd1\u671f\u767c\u4f48\u904a\u6232\u7684\u63a8\u52d5\u3002\u570b\u969b\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63188\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957713%(\u6309\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u70ba14%)\uff0c\u589e\u9577\u4e3b\u8981\u7531\u300a\u90e8\u843d\u885d\u7a81\uff1a\u7687\u5ba4\u6230\u722d\u300b\u3001\u300a\u9cf4\u6f6e\u300b\u53ca\u300a\u7121\u754f\u5951\u7d04\u300b\u500b\u4eba\u96fb\u8166\u7aef\u6240\u5e36\u52d5\u3002\u793e\u4ea4\u7db2\u7d61\u6536\u5165\u540c\u6bd4\u4e0b\u964d2%\u81f3\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u4ee41Q2026\u78ba\u8a8d\u7684\u672c\u571f\u5e02\u5834\u624b\u6a5f\u904a\u6232\u61c9\u7528\u9053\u5177\u92b7\u552e\u6536\u5165\u8f031Q2025\u6e1b\u5c11\u3002 \u71df\u92b7\u670d\u52d91Q2026\u6536\u5165\u70ba\u4eba\u6c11\u5e63382\u5104\u5143\uff0c\u540c\u6bd4\u589e\u901f\u75314Q2025\u768417%\u63d0\u5347\u81f3\u672c\u5b63\u768420%\u3002\u6211\u5011\u5347\u7d1a\u4e86AI\u9a45\u52d5\u7684\u5ee3\u544a\u63a8\u85a6\u6a21\u578b\uff0c\u64f4\u5c55\u4e86\u5fae\u4fe1\u751f\u614b\u5167\u7684\u9589\u74b0\u71df\u92b7\u80fd\u529b\uff0c\u5f9e\u800c\u6539\u5584\u4e86\u5ee3\u544a\u6548\u679c\uff0c\u63d0\u5347\u4e86\u5ee3\u544a\u55ae\u50f9\u3002\u5927\u591a\u6578\u4e3b\u8981\u884c\u696d\u7684\u5ee3\u544a\u4e3b\u6295\u653e\u672c\u5b63\u5ea6\u5747\u6709\u589e\u9577\uff0c\u5176\u4e2d\u4e92\u806f\u7db2\u670d\u52d9\u3001\u96fb\u5546\u548c\u904a\u6232\u884c\u696d\u7684\u589e\u9577\u5c24\u5176\u986f\u8457\u3002 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d91Q2026\u7684\u6536\u5165\u540c\u6bd4\u589e\u95779%\u81f3\u4eba\u6c11\u5e63599\u5104\u5143\u3002\u91d1\u878d\u79d1\u6280\u670d\u52d9\u6536\u5165\u589e\u9577\u4e3b\u8981\u7531\u5546\u696d\u652f\u4ed8\u53ca\u7406\u8ca1\u670d\u52d9\u6536\u5165\u7684\u589e\u9577\u9a45\u52d5\u3002\u4f01\u696d\u670d\u52d9\u6536\u5165\u540c\u6bd4\u589e\u957720%\uff0c\u5176\u4e2d\u5f97\u76ca\u65bc\u570b\u5167\u8207\u6d77\u5916\u5e02\u5834\u9700\u6c42\u63d0\u5347(\u5305\u62ecAI\u76f8\u95dc\u670d\u52d9)\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u5b9a\u50f9\u74b0\u5883\u5171\u540c\u63a8\u52d5\u4e86\u96f2\u670d\u52d9\u6536\u5165\u589e\u9577\uff0c\u53ca\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u4e0a\u5347\u800c\u5e36\u52d5\u5546\u5bb6\u6280\u8853\u670d\u52d9\u8cbb\u6536\u5165\u589e\u9577\u3002 \u7d93\u71df\u6578\u64da             \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e743\u670831\u65e5   \u540c\u6bd4\u8b8a\u52d5   \u65bc2025\u5e7412\u670831\u65e5   \u74b0\u6bd4\u8b8a\u52d5           (\u767e\u842c\u8a08\uff0c\u53e6\u6709\u6307\u660e\u8005\u9664\u5916)        \u5fae\u4fe1\u53caWeChat\u7684\u5408\u4f75\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   1,432   1,402   2\u00a0%   1,418   1\u00a0%                               QQ\u7684\u79fb\u52d5\u7d42\u7aef\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   516   534   -3\u00a0%   508   2\u00a0%                               \u6536\u8cbb\u589e\u503c\u670d\u52d9\u8a02\u95b1\u6703\u54e1\u6578   266   268   -0.7\u00a0%   267   -0.4\u00a0%        1Q2026\u696d\u52d9\u56de\u9867\u53ca\u5c55\u671b   \u6211\u5011\u591a\u6b3e\u9577\u9752\u904a\u6232\u5728\u672c\u5b63\u6d41\u6c34\u5275\u4e0b\u65b0\u9ad8\uff0c\u5305\u62ec\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u548c\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b\uff0c\u65b0\u904a\u6232\u300a\u6d1b\u514b\u738b\u570b\uff1a\u4e16\u754c\u300b\u4e5f\u5927\u53d7\u6b61\u8fce\u3002  \u6211\u5011\u7684\u667a\u80fd\u6295\u653e\u7522\u54c1\u77e9\u9663\u9a30\u8a0a\u71df\u92b7AIM+\u8ce6\u80fd\u4e86\u5ee3\u544a\u4e3b\u71df\u92b7\u670d\u52d9\u6295\u653e\u91d1\u984d\u7684\u7d0430%\uff0c\u4e26\u5728\u5c0f\u904a\u6232\u3001\u77ed\u5287\u548c\u5fae\u4fe1\u5c0f\u5e97\u5ee3\u544a\u4e3b\u4e2d\u7372\u5f97\u4e86\u5ee3\u6cdb\u61c9\u7528\u3002  \u6211\u5011\u64f4\u5927\u4e86\u8996\u983b\u865f\u5167\u5bb9\u63a8\u85a6\u6a21\u578b\u53c3\u6578\u898f\u6a21\u4e26\u512a\u5316\u4e86\u6a21\u578b\u7b97\u6cd5\uff0c\u5411\u7528\u6236\u63a8\u9001\u66f4\u76f8\u95dc\u7684\u5167\u5bb9\u3002\u8996\u983b\u865f\u7e3d\u7528\u6236\u4f7f\u7528\u6642\u9577\u540c\u6bd4\u589e\u9577\u8d85\u904e20%\u3002  \u6211\u5011\u70ba\u5fae\u4fe1\u5c0f\u5e97\u54c1\u724c\u5546\u5bb6\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4e26\u5411\u8cc7\u6df1\u8cb7\u5bb6\u63a8\u51fa\u4e86\u512a\u60e0\u5238\u5206\u4eab\u529f\u80fd\uff0c\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u7dad\u6301\u5feb\u901f\u7684\u540c\u6bd4\u589e\u9577\u3002  \u5546\u696d\u652f\u4ed8\u91d1\u984d\u540c\u6bd4\u589e\u901f\u8f034Q2025\u63d0\u5347\uff0c\u53d7\u76ca\u65bc\u4ea4\u6613\u7b46\u6578\u6301\u7e8c\u589e\u9577\uff0c\u4ee5\u53ca\u96f6\u552e\u8207\u9910\u98f2\u670d\u52d9\u7b49\u54c1\u985e\u7684\u7b46\u5747\u4ea4\u6613\u91d1\u984d\u4e0a\u5347\u3002  \u9a30\u8a0a\u96f2\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5be6\u73fe\u4e86\u5feb\u901f\u7684\u589e\u9577\u8207\u5065\u5eb7\u7684\u7559\u5b58\u7387\u3002\u5176\u4e2d\uff0c\u4ee5\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8a08\uff0cWorkBuddy\u5df2\u6210\u70ba\u4e2d\u570b\u6700\u53d7\u6b61\u8fce\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002  \u56db\u6708\u6211\u5011\u767c\u4f48\u4e86\u57fa\u65bc\u91cd\u69cb\u5f8c\u7684AI\u57fa\u790e\u8a2d\u65bd\u4e0a\u642d\u5efa\u7684Hy3 preview\u5927\u8a9e\u8a00\u6a21\u578b\u3002\u6211\u5011\u76f8\u4fe1Hy3 preview\u5728\u63a8\u7406\u3001\u667a\u80fd\u9ad4\u548c\u4ee3\u78bc\u7684\u80fd\u529b\u4e0a\uff0c\u70ba\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u8868\u73fe\u6700\u4f73\u7684\u3002\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u4ee5token\u6d88\u8017\u91cf\u8a08\uff0c\u5176\u5df2\u6210\u70baOpenRouter\u4e0a\u6700\u5ee3\u53d7\u4f7f\u7528\u7684\u6a21\u578b\u3002  \u6709\u95dc\u66f4\u8a73\u7d30\u7684\u62ab\u9732\uff0c\u8acb\u700f\u89bdhttps:\/\/www.tencent.com\/zh-hk\/investors.html\u6216\u901a\u904e\u5fae\u4fe1\u516c\u773e\u865f(\u5fae\u4fe1\u865f:TencentGlobal)\u5173\u6ce8\u6211\u4eec\u3002           \u5b63\u5ea6\u8a02\u95b1\u6703\u54e1\u6578\u7684\u65e5\u5747\u503c         \u9577\u9752\u904a\u6232\u6307\u65bc\u672c\u571f\u53ca\u570b\u969b\u5e02\u5834\uff0c\u5b63\u5ea6\u5e73\u5747\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8d85\u904e500\u842c\u7684\u624b\u904a\u6216\u8d85\u904e200\u842c\u7684\u500b\u4eba\u96fb\u8166\u904a\u6232\uff0c\u4e14\u5e74\u6d41\u6c34\u8d85\u904e\u4eba\u6c11\u5e6340 \u5104\u5143        \u95dc\u65bc\u9a30\u8a0a \u9a30\u8a0a\u4ee5\u6280\u8853\u8c50\u5bcc\u4e92\u806f\u7db2\u7528\u6236\u7684\u751f\u6d3b\u3002 \u901a\u904e\u901a\u4fe1\u53ca\u793e\u4ea4\u670d\u52d9\u5fae\u4fe1\u548cQQ\uff0c\u4fc3\u9032\u7528\u6236\u4e92\u76f8\u9023\u63a5\uff0c\u4e26\u52a9\u5176\u9023\u63a5\u6578\u5b57\u5167\u5bb9\u3001\u7db2\u4e0a\u53ca\u7dda\u4e0b\u670d\u52d9\u3002\u901a\u904e\u5b9a\u5411\u71df\u92b7\u670d\u52d9\uff0c\u52a9\u529b\u5ee3\u544a\u4e3b\u89f8\u9054\u6578\u4ee5\u5104\u8a08\u7684\u4e2d\u570b\u6d88\u8cbb\u8005\u3002\u901a\u904e\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9\uff0c\u4fc3\u9032\u5408\u4f5c\u5925\u4f34\u696d\u52d9\u589e\u9577\uff0c\u52a9\u529b\u5be6\u73fe\u6578\u5b57\u5316\u5347\u7d1a\u3002 \u9a30\u8a0a\u5927\u529b\u6295\u8cc7\u65bc\u4eba\u624d\u968a\u4f0d\u548c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\uff0c\u7a4d\u6975\u53c3\u8207\u4e92\u806f\u7db2\u884c\u696d\u5354\u540c\u767c\u5c55\u3002\u9a30\u8a0a\u65bc1998\u5e74\u5728\u4e2d\u570b\u6df1\u5733\u6210\u7acb\uff0c\u9a30\u8a0a2004\u5e74\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u4e0a\u5e02\u3002 \u6295\u8cc7\u8005\u67e5\u8a62:IR@tencent.com\u5a92\u9ad4\u67e5\u8a62:GC@tencent.com \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf \u70ba\u88dc\u5145\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718(\u300c\u672c\u516c\u53f8\u53ca\u5176\u9644\u5c6c\u516c\u53f8\u300d)\u7d9c\u5408\u696d\u7e3e\uff0c\u82e5\u5e72\u984d\u5916\u7684\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf(\u7d93\u71df\u76c8\u5229\u3001\u7d93\u71df\u5229\u6f64\u7387\u3001\u671f\u5167\u76c8\u5229\u3001\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u3001\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u53ca\u6bcf\u80a1\u6524\u8584\u76c8\u5229)\u5df2\u65bc\u672c\u516c\u4f48\u5167\u5448\u5217\u3002\u6b64\u7b49\u672a\u7d93\u5be9\u6838\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u61c9\u88ab\u8996\u70ba\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718\u8ca1\u52d9\u696d\u7e3e\u7684\u88dc\u5145\u800c\u975e\u66ff\u4ee3\u8a08\u91cf\u3002\u6b64\u5916\uff0c\u6b64\u7b49\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u7684\u5b9a\u7fa9\u53ef\u80fd\u8207\u5176\u4ed6\u516c\u53f8\u6240\u7528\u7684\u985e\u4f3c\u8a5e\u5f59\u6709\u6240\u4e0d\u540c\u3002 \u672c\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u76f8\u4fe1\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u85c9\u6392\u9664\u82e5\u5e72\u975e\u73fe\u91d1\u9805\u76ee\u53ca\u6295\u8cc7\u76f8\u95dc\u4ea4\u6613\u7684\u82e5\u5e72\u5f71\u97ff\u70ba\u6295\u8cc7\u8005\u8a55\u4f30\u672c\u96c6\u5718\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e\u63d0\u4f9b\u6709\u7528\u7684\u88dc\u5145\u8cc7\u6599\u3002\u6b64\u5916\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u5305\u62ec\u672c\u96c6\u5718\u4e3b\u8981\u806f\u71df\u516c\u53f8\u7684\u76f8\u95dc\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\uff0c\u6b64\u4e43\u57fa\u65bc\u76f8\u95dc\u4e3b\u8981\u806f\u71df\u516c\u53f8\u53ef\u7372\u5f97\u7684\u5df2\u516c\u4f48\u8ca1\u52d9\u8cc7\u6599\u6216\u672c\u516c\u53f8\u7ba1\u7406\u5c64\u6839\u64da\u6240\u7372\u5f97\u7684\u8cc7\u6599\u3001\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\u6240\u4f5c\u51fa\u7684\u4f30\u8a08\u3002 \u91cd\u8981\u6ce8\u610f\u4e8b\u9805 \u672c\u65b0\u805e\u7a3f\u8f09\u6709\u524d\u77bb\u6027\u9673\u8ff0\uff0c\u6d89\u53ca\u672c\u96c6\u5718\u7684\u696d\u52d9\u5c55\u671b\u3001\u8ca1\u52d9\u8868\u73fe\u4f30\u8a08\u3001\u9810\u6e2c\u696d\u52d9\u8a08\u5283\u53ca\u589e\u9577\u7b56\u7565\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u672c\u96c6\u5718\u73fe\u6709\u7684\u8cc7\u6599\uff0c\u4ea6\u6309\u672c\u65b0\u805e\u7a3f\u520a\u767c\u4e4b\u6642\u7684\u5c55\u671b\u70ba\u57fa\u6e96\uff0c\u5728\u672c\u65b0\u805e\u7a3f\u5167\u8f09\u5217\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\uff0c\u7576\u4e2d\u6709\u4e9b\u6d89\u53ca\u4e3b\u89c0\u56e0\u7d20\u6216\u4e0d\u53d7\u6211\u5011\u63a7\u5236\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6216\u6703\u8b49\u660e\u70ba\u4e0d\u6b63\u78ba\u53ca\u53ef\u80fd\u4e0d\u6703\u5728\u5c07\u4f86\u5be6\u73fe\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6d89\u53ca\u8a31\u591a\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\u3002\u9451\u65bc\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\uff0c\u672c\u65b0\u805e\u7a3f\u5167\u6240\u8f09\u5217\u7684\u524d\u77bb\u6027\u9673\u8ff0\u4e0d\u61c9\u8996\u70ba\u8463\u4e8b\u6703\u6216\u672c\u516c\u53f8\u8072\u660e\u8a72\u7b49\u8a08\u5283\u53ca\u76ee\u6a19\u5c07\u6703\u5be6\u73fe\uff0c\u6545\u6295\u8cc7\u8005\u4e0d\u61c9\u904e\u65bc\u501a\u8cf4\u8a72\u7b49\u9673\u8ff0\u3002 \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)           \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        \u6536\u5165   196,458   180,022   194,371        \u00a0\u00a0\u00a0 \u589e\u503c\u670d\u52d9   96,110   92,133   89,920        \u00a0\u00a0\u00a0 \u71df\u92b7\u670d\u52d9   38,171   31,853   41,116        \u00a0\u00a0\u00a0 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9   59,885   54,907   60,818        \u00a0\u00a0\u00a0 \u5176\u4ed6   2,292   1,129   2,517        \u6536\u5165\u6210\u672c   (85,193)   (79,529)   (86,082)        \u6bdb\u5229   111,265   100,493   108,289        \u6bdb\u5229\u7387   57\u00a0%   56\u00a0%   56\u00a0%        \u92b7\u552e\u53ca\u5e02\u5834\u63a8\u5ee3\u958b\u652f   (11,343)   (7,866)   (12,983)        \u4e00\u822c\u53ca\u884c\u653f\u958b\u652f   (33,800)   (33,664)   (36,283)        \u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d   1,253   (1,397)   1,315        \u7d93\u71df\u76c8\u5229   67,375   57,566   60,338        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%   32\u00a0%   31\u00a0%        \u6295\u8cc7\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\u53ca\u5176\u4ed6   1,928   1,407   3,303        \u5229\u606f\u6536\u5165   4,025   3,748   4,784        \u8ca1\u52d9\u6210\u672c   (2,979)   (3,860)   (3,573)        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229(\u8667\u640d)\/\u6de8\u984d   3,620   4,581   6,832        \u9664\u7a05\u524d\u76c8\u5229   73,969   63,442   71,684        \u6240\u5f97\u7a05\u958b\u652f   (14,577)   (13,717)   (12,595)        \u671f\u5167\u76c8\u5229   59,392   49,725   59,089                         \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:           \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba   58,093   47,821   58,260        \u975e\u63a7\u5236\u6027\u6b0a\u76ca   1,299   1,904   829                         \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7d93\u71df\u76c8\u5229   75,627   69,320   69,518        \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   67,905   61,329   64,694                         \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6bcf\u80a1\u76c8\u5229(\u6bcf\u80a1\u4eba\u6c11\u5e63\u5143)                 - \u57fa\u672c   6.431   5.252   6.433        - \u6524\u8584   6.302   5.129   6.276        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u5168\u9762\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)              \u672a\u7d93\u5be9\u6838              1Q2026   1Q2025        \u671f\u5167\u76c8\u5229      59,392   49,725        \u5176\u4ed6\u5168\u9762\u6536\u76ca(\u9664\u7a05\u6de8\u984d):                 \u5176\u5f8c\u53ef\u80fd\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca   (222)   652        \u8655\u7f6e\u53ca\u8996\u540c\u8655\u7f6e\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5f8c\u5206\u4f54\u5176\u4ed6\u5168\u9762\u6536\u76ca\u8f49\u81f3\u640d\u76ca   135   -        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u00a0 \u91d1\u878d\u8cc7\u7522\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d   (60)   106        \u8655\u7f6e\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u5f8c\u8f49\u81f3\u640d\u76ca   (19)   1        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (13,883)   2,294        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (5)   (213)                         \u5176\u5f8c\u4e0d\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca      (330)   522        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u7684\u516c\u00a0 \u00a0\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d      (66,118)   26,361        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (2,887)   370        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (3)   6              (83,392)   30,099        \u671f\u5167\u5168\u9762\u6536\u76ca\u7e3d\u984d      (24,000)   79,824        \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba      (22,676)   75,858        \u975e\u63a7\u5236\u6027\u6b0a\u76ca      (1,324)   3,966        \u00a0 \u00a0          \u5176\u4ed6\u8ca1\u52d9\u8cc7\u6599        \u00a0 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)   \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        EBITDA (a)   84,167   73,817   77,126        \u7d93\u8abf\u6574\u7684EBITDA (a)   89,617   81,559   83,048        \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387 (b)   46\u00a0%   45\u00a0%   43\u00a0%        \u5229\u606f\u53ca\u76f8\u95dc\u958b\u652f   3,134   3,386   3,323        \u73fe\u91d1\u6de8\u984d (c)   146,860   90,229   107,145        \u8cc7\u672c\u958b\u652f (d)   31,936   27,476   19,632        \u00a0          \u9644\u8a3b        (a) EBITDA\u4e43\u6309\u7d93\u71df\u76c8\u5229\u6263\u9664\u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\uff0c\u52a0\u56de\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750\u3001\u6295\u8cc7\u7269\u696d\u53ca\u4f7f\u7528\u6b0a\u8cc7\u7522\u7684\u6298\u820a\u3001\u4ee5\u53ca\u7121\u5f62\u8cc7\u7522\u53ca\u571f\u5730\u00a0 \u00a0 \u00a0\u4f7f\u7528\u6b0a\u7684\u6524\u92b7\u8a08\u7b97\u3002\u7d93\u8abf\u6574\u7684EBITDA\u4e43\u6309EBITDA\u52a0\u6309\u6b0a\u76ca\u7d50\u7b97\u7684\u80a1\u4efd\u916c\u91d1\u958b\u652f\u8a08\u7b97        (b) \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387\u4e43\u6309\u7d93\u8abf\u6574\u7684EBITDA\u9664\u4ee5\u6536\u5165\u8a08\u7b97        (c) \u73fe\u91d1\u6de8\u984d\u70ba\u671f\u672b\u9918\u984d\uff0c\u4e43\u6839\u64da\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u52a0\u5b9a\u671f\u5b58\u6b3e\u53ca\u5176\u4ed6(\u5305\u62ec\u70ba\u8cc7\u91d1\u7ba1\u7406\u76ee\u7684\u800c\u6301\u6709\u7684\u9ad8\u6d41\u52d5\u6027\u6295\u8cc7\u7522\u54c1)\uff0c\u6e1b\u501f\u6b3e\u53ca\u00a0 \u00a0 \u00a0\u61c9\u4ed8\u7968\u64da\u8a08\u7b97        (d) \u8cc7\u672c\u958b\u652f\u4e3b\u8981\u5305\u62ec\u5c0d\u4fe1\u606f\u6280\u8853\u57fa\u790e\u8a2d\u65bd(\u5305\u62ec\u96fb\u8166\u8a2d\u5099\u3001\u96f6\u914d\u4ef6\u53ca\u8edf\u4ef6)\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u571f\u5730\u4f7f\u7528\u6b0a\u3001\u8fa6\u516c\u5712\u5340\u53ca\u77e5\u8b58\u7522\u6b0a(\u4e0d\u5305\u62ec\u5a92\u00a0 \u00a0 \u00a0\u9ad4\u5167\u5bb9)\u7684\u6295\u5165        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u7d93\u5be9\u6838           \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e7412\u670831\u65e5        \u8cc7\u7522                 \u975e\u6d41\u52d5\u8cc7\u7522                 \u2003\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750   165,666      149,905        \u2003\u571f\u5730\u4f7f\u7528\u6b0a   22,122      22,339        \u2003\u4f7f\u7528\u6b0a\u8cc7\u7522   17,353      17,367        \u2003\u5728\u5efa\u5de5\u7a0b   5,719      9,670        \u2003\u6295\u8cc7\u7269\u696d   1,131      950        \u2003\u7121\u5f62\u8cc7\u7522   199,008      205,999        \u2003\u65bc\u806f\u71df\u516c\u53f8\u7684\u6295\u8cc7   330,532      342,409        \u2003\u65bc\u5408\u71df\u516c\u53f8\u7684\u6295\u8cc7   6,374      6,303        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   208,887      207,157        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   298,052      356,640        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   45,424      24,540        \u5176\u4ed6\u91d1\u878d\u8cc7\u7522   1,084      1,327        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8cc7\u7522   29,698      28,618        \u2003\u5b9a\u671f\u5b58\u6b3e   73,404      70,302           1,404,454      1,443,526                         \u6d41\u52d5\u8cc7\u7522                 \u2003\u5b58\u8ca8   582      530        \u2003\u61c9\u6536\u8cec\u6b3e   58,116      49,930        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   117,147      111,270        \u2003\u5176\u4ed6\u91d1\u878d\u8cc7\u7522   3,779      4,201        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   27,627      35,929        \u00a0 \u00a0\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u00a0 \u00a0 \u00a0 \u00a0 \u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   8,781      8,781        \u2003\u5b9a\u671f\u5b58\u6b3e   205,537      236,801        \u2003\u53d7\u9650\u5236\u73fe\u91d1   7,597      6,977        \u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269   217,770      141,041                                  646,936      595,460        \u8cc7\u7522\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868(\u7e8c\u4e0a)                 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u7d93\u5be9\u6838            \u65bc2026\u5e74   \u65bc2025\u5e74           3\u670831\u65e5   12\u670831\u65e5        \u6b0a\u76ca                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6b0a\u76ca                 \u2003\u80a1\u672c   -      -        \u2003\u80a1\u672c\u6ea2\u50f9   68,575      63,796        \u2003\u5eab\u5b58\u80a1   (1,060)      (3,450)        \u00a0 \u00a0 \u80a1\u4efd\u734e\u52f5\u8a08\u5283\u6240\u6301\u80a1\u4efd   (8,605)      (7,124)        \u2003\u5176\u4ed6\u5132\u5099   7,640      90,494        \u2003\u4fdd\u7559\u76c8\u5229   1,061,102      1,010,436           1,127,652      1,154,152                         \u975e\u63a7\u5236\u6027\u6b0a\u76ca   83,975      86,913        \u6b0a\u76ca\u7e3d\u984d   1,211,627      1,241,065                         \u8ca0\u50b5                 \u975e\u6d41\u52d5\u8ca0\u50b5                 \u2003\u501f\u6b3e   207,881      208,369        \u2003\u61c9\u4ed8\u7968\u64da   124,350      126,204        \u2003\u9577\u671f\u61c9\u4ed8\u6b3e\u9805   10,752      10,544        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,679      2,879        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8ca0\u50b5   23,591      21,684        \u2003\u79df\u8cc3\u8ca0\u50b5   13,074      13,280        \u2003\u905e\u5ef6\u6536\u5165   2,564      2,210           385,891      385,170                         \u6d41\u52d5\u8ca0\u50b5                 \u2003\u61c9\u4ed8\u8cec\u6b3e   141,748      121,127        \u2003\u5176\u4ed6\u61c9\u4ed8\u6b3e\u9805\u53ca\u9810\u63d0\u8cbb\u7528   81,153      96,496        \u2003\u501f\u6b3e   51,114      42,618        \u00a0 \u00a0 \u61c9\u4ed8\u7968\u64da   3,460      10,542        \u2003\u6d41\u52d5\u6240\u5f97\u7a05\u8ca0\u50b5   19,961      18,558        \u00a0 \u00a0 \u5176\u4ed6\u7a05\u9805\u8ca0\u50b5   6,130      3,723        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,355      3,992        \u2003\u79df\u8cc3\u8ca0\u50b5   5,632      5,386        \u00a0 \u00a0 \u905e\u5ef6\u6536\u5165   141,319      110,309           453,872      412,751        \u8ca0\u50b5\u7e3d\u984d   839,763      797,921        \u6b0a\u76ca\u53ca\u8ca0\u50b5\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u8207\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u88fd\u7684\u6700\u8fd1\u8a08\u91cf\u4e4b\u9593\u7684\u8abf\u7bc0           \u5df2\u5831\u544a   \u8abf\u6574   \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247        \u4eba\u6c11\u5e63\u767e\u842c\u5143\u767e\u5206\u6bd4\u9664\u5916   \u80a1\u4efd\u916c\u91d1 (a)   \u4f86\u81ea\u6295\u8cc7\u516c\u53f8\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d (b)   \u7121\u5f62\u8cc7\u7522\u6524\u92b7 (c)   \u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de) (d)   SSV\u53caCPP (e)   \u6240\u5f97\u7a05\u5f71\u97ff (f)              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2026 \u5e74 3 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   67,375   6,534   \u2013   1,578   \u2013   140   \u2013   75,627        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u00a0 \u6de8\u984d   3,620   810   817   1,612   264   \u2013   \u2013   7,123        \u671f\u5167\u76c8\u5229   59,392   7,344   (3,255)   3,190   2,467   765   (130)   69,773        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,093   7,193   (3,342)   2,862   2,397   765   (63)   67,905        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%                     38\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e743 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   57,566   10,100   \u2013   1,515   \u2013   139   \u2013   69,320        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   4,581   968   111   1,713   267   \u2013   \u2013   7,640        \u671f\u5167\u76c8\u5229   49,725   11,068   (31)   3,228   (689)   160   (769)   62,692        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   47,821   10,833   1,081   2,854   (719)   160   (701)   61,329        \u7d93\u71df\u5229\u6f64\u7387   32\u00a0%                     39\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e7412\u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   60,338   7,210   \u2013   1,594   \u2013   376   \u2013   69,518        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   6,832   773   (26)   1,522   46   \u2013   \u2013   9,147        \u671f\u5167\u76c8\u5229   59,089   7,983   (7,479)   3,116   3,617   1,338   (953)   66,711        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,260   7,902   (7,515)   2,793   2,812   1,338   (896)   64,694        \u7d93\u71df\u5229\u6f64\u7387   31\u00a0%                     36\u00a0%        \u00a0          \u9644\u8a3b:        (a) \u5305\u62ec\u6388\u4e88\u6295\u8cc7\u516c\u53f8\u50f1\u54e1\u7684\u8a8d\u6cbd\u671f\u6b0a(\u53ef\u7531\u672c\u96c6\u5718\u6536\u8cfc\u7684\u6295\u8cc7\u516c\u53f8\u7684\u80a1\u4efd\u53ca\u6839\u64da\u5176\u80a1\u4efd\u734e\u52f5\u8a08\u5283\u800c\u767c\u884c\u7684\u80a1\u4efd)\u53ca\u5176\u4ed6\u734e\u52f5        (b) \u5305\u62ec\u8996\u540c\u8655\u7f6e\/\u8655\u7f6e\u6295\u8cc7\u516c\u53f8\u3001\u6295\u8cc7\u516c\u53f8\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d\u4ee5\u53ca\u8207\u6295\u8cc7\u516c\u53f8\u80a1\u6b0a\u4ea4\u6613\u76f8\u95dc\u7684\u5176\u4ed6\u958b\u652f        (c) \u56e0\u6536\u8cfc\u7522\u751f\u7684\u7121\u5f62\u8cc7\u7522\u6524\u92b7        (d) \u4e3b\u8981\u5305\u62ec\u65bc\u806f\u71df\u516c\u53f8\u3001\u5408\u71df\u516c\u53f8\u3001\u5546\u8b7d\u53ca\u6536\u8cfc\u7522\u751f\u7684\u5176\u4ed6\u7121\u5f62\u8cc7\u7522\u7684\u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de)        (e) \u4e3b\u8981\u5305\u62ec\u672c\u96c6\u5718\u53ef\u6301\u7e8c\u793e\u6703\u50f9\u503c\u53ca\u5171\u540c\u5bcc\u88d5\u8a08\u5283\u9805\u76ee\u6240\u7522\u751f\u7684\u6350\u6b3e\u53ca\u958b\u652f        (f) \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u7684\u6240\u5f97\u7a05\u5f71\u97ff        \u00a0 \u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pingtungtimes.com.tw\/?p=435317\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\" \/>\n<meta property=\"og:description\" content=\"\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210\u679c\u51f8\u986f AI\u8ce6\u80fd\u4e3b\u696d\u7a69\u5065\u589e\u9577 \u9999\u6e2f2026\u5e745\u670813\u65e5 \/\u7f8e\u901a\u793e\/ --\u00a0\u4e16\u754c\u9818\u5148\u7684\u4e92\u806f\u7db2\u79d1\u6280\u516c\u53f8\u2014\u2014\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u6e2f\u4ea4\u6240\u4ee3\u78bc:00700(\u6e2f\u5e63\u6ac3\u53f0)\u53ca80700(\u4eba\u6c11\u5e63\u6ac3\u53f0)\uff0c\u300c\u9a30\u8a0a\u300d\u6216\u300c\u672c\u516c\u53f8\u300d)\u4eca\u5929\u516c\u4f48\u622a\u81f3\u4e8c\u96f6\u4e8c\u516d\u5e74\u4e09\u6708\u4e09\u5341\u4e00\u65e5\u6b62\u7b2c\u4e00\u5b63(\u300c1Q2026\u300d)\u672a\u7d93\u5be9\u6838\u7d9c\u5408\u696d\u7e3e\u3002 \u8463\u4e8b\u6703\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u99ac\u5316\u9a30\u8868\u793a:\u300c\u4e8c\u96f6\u4e8c\u516d\u5e74\u4f0a\u59cb\uff0c\u6211\u5011\u5728\u65b0AI\u7522\u54c1\u4e0a\u53d6\u5f97\u4e86\u986f\u8457\u7a81\u7834\uff0c\u4e26\u6301\u7e8c\u4ee5AI\u8ce6\u80fd\u6838\u5fc3\u696d\u52d9\u589e\u9577\u3002\u91cd\u7d44\u5f8c\u7684AI\u7814\u767c\u5718\u968a\u91cd\u69cb\u4e86AI\u57fa\u790e\u8a2d\u65bd\uff0c\u642d\u5efa\u4e86Hy3 preview\u6a21\u578b\uff0c\u5728\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u6027\u80fd\u9818\u5148\uff0c\u517c\u5177\u5be6\u7528\u6027\u8207\u6027\u50f9\u6bd4\uff1b\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u5176\u5728OpenRouter\u7684token\u6d88\u8017\u91cf\u6392\u884c\u699c\u4e0a\u7a69\u5c45\u524d\u5217\u3002\u6211\u5011\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5df2\u521d\u898b\u6210\u6548\uff0c\u6211\u5011\u76f8\u4fe1\uff0cWorkBuddy\u76ee\u524d\u662f\u4e2d\u570b\u4f7f\u7528\u6700\u5ee3\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002\u540c\u6642\uff0c\u6211\u5011\u7684\u6838\u5fc3\u696d\u52d9\u5728\u7528\u6236\u7c98\u6027\u3001\u6536\u5165\u53ca\u76c8\u5229\u4e0a\u6301\u7e8c\u589e\u9577\uff0c\u65e2\u70baAI\u6295\u5165\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u73fe\u91d1\u6d41\u652f\u6301\uff0c\u4e5f\u70baAI\u7684\u843d\u5730\u61c9\u7528\u5960\u5b9a\u4e86\u8c50\u5bcc\u7684\u5834\u666f\u57fa\u790e\u3002\u300d 1Q2026\u8ca1\u52d9\u6458\u8981 \u7e3d\u6536\u5165:\u540c\u6bd4\u589e\u95779%\uff0c\u6bdb\u5229:\u540c\u6bd4\u589e\u957711%\uff0c\u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7684\u7d93\u71df\u76c8\u5229:\u540c\u6bd4\u589e\u95779%   \u7e3d\u6536\u5165\u70ba\u4eba\u6c11\u5e631,965\u5104\u5143\uff0c\u8f03\u4e8c\u96f6\u4e8c\u4e94\u5e74\u7b2c\u4e00\u5b63(\u300c\u540c\u6bd4\u300d)\u589e\u95779%\u3002  \u6bdb\u5229\u70ba\u4eba\u6c11\u5e631,113\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002  \u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\uff0c\u6487\u9664\u82e5\u5e72\u4e00\u6b21\u6027\u53ca\/\u6216\u975e\u73fe\u91d1\u9805\u76ee\u7684\u5f71\u97ff\uff0c\u4ee5\u9ad4\u73fe\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63756\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95779%; \u7d93\u71df\u5229\u6f64\u7387\u70ba38.5%\uff0c\u8f03\u53bb\u5e74\u6301\u5e73\u3002   \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63844\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768439.9%\u63d0\u5347\u81f343.0%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63698\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63679\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.517\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.364\u5143\u3002      \u6309\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63674\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768432.0%\u63d0\u5347\u81f334.3%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63594\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957719%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63581\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957721%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.431\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.302\u5143\u3002      \u8cc7\u672c\u958b\u652f\u70ba\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u540c\u6bd4\u589e\u52a016%\u3002  \u7e3d\u73fe\u91d1\u70ba\u4eba\u6c11\u5e63 5,337 \u5104\u5143\uff0c\u540c\u6bd4\u589e\u957712%\u3002\u81ea\u7531\u73fe\u91d1\u6d41\u70ba\u4eba\u6c11\u5e63567\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957720%\u3002\u73fe\u91d1\u6de8\u984d\u70ba\u4eba\u6c11\u5e631,469\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957763%\u3002  \u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e635,471\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e636,727\u5104\u5143\u3002\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u975e\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,651\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,631\u5104\u5143\u3002  1Q2026\uff0c\u672c\u516c\u53f8\u65bc\u9999\u6e2f\u806f\u4ea4\u6240\u4ee5\u7d0476\u5104\u6e2f\u5143\u7684\u7e3d\u4ee3\u50f9\u56de\u8cfc\u7d041,265\u842c\u80a1\u80a1\u4efd\u3002            \u5254\u9664\u65b0AI\u7522\u54c1(Hy\u3001\u5143\u5bf6\u3001CodeBuddy\u3001WorkBuddy\u53caQClaw)\u4e4b\u6536\u5165\u3001\u6210\u672c\u53ca\u958b\u652f         \u5305\u62ec\u900f\u904e\u7279\u6b8a\u76ee\u7684\u516c\u53f8\u6301\u6709\u7684\u6b0a\u76ca\uff0c\u4e14\u6309\u61c9\u4f54\u57fa\u6e96\u8a08        1Q2026\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790  \u589e\u503c\u670d\u52d91Q2026\u6536\u5165\u540c\u6bd4\u589e\u95774%\u81f3\u4eba\u6c11\u5e63961\u5104\u5143\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63454\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95776%\uff0c\u6536\u5165\u589e\u901f\u6eef\u5f8c\u65bc\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u589e\u901f\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u5c0e\u81f4\u66f4\u591a\u6536\u5165\u905e\u5ef6\u81f3\u672c\u5b63\u4e4b\u5f8c\u78ba\u8a8d\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u540c\u6bd4\u589e\u9577\u5341\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u56e0\u53d7\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u7b49\u73fe\u6709\u9577\u9752\u904a\u6232\uff0c\u4ee5\u53ca\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b(\u8fd1\u671f\u5df2\u8e8b\u8eab\u9577\u9752\u904a\u6232\u4e4b\u5217) \u3001\u300a\u7121\u754f\u5951\u7d04\uff1a\u6e90\u80fd\u884c\u52d5\u300b\u7b49\u8fd1\u671f\u767c\u4f48\u904a\u6232\u7684\u63a8\u52d5\u3002\u570b\u969b\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63188\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957713%(\u6309\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u70ba14%)\uff0c\u589e\u9577\u4e3b\u8981\u7531\u300a\u90e8\u843d\u885d\u7a81\uff1a\u7687\u5ba4\u6230\u722d\u300b\u3001\u300a\u9cf4\u6f6e\u300b\u53ca\u300a\u7121\u754f\u5951\u7d04\u300b\u500b\u4eba\u96fb\u8166\u7aef\u6240\u5e36\u52d5\u3002\u793e\u4ea4\u7db2\u7d61\u6536\u5165\u540c\u6bd4\u4e0b\u964d2%\u81f3\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u4ee41Q2026\u78ba\u8a8d\u7684\u672c\u571f\u5e02\u5834\u624b\u6a5f\u904a\u6232\u61c9\u7528\u9053\u5177\u92b7\u552e\u6536\u5165\u8f031Q2025\u6e1b\u5c11\u3002 \u71df\u92b7\u670d\u52d91Q2026\u6536\u5165\u70ba\u4eba\u6c11\u5e63382\u5104\u5143\uff0c\u540c\u6bd4\u589e\u901f\u75314Q2025\u768417%\u63d0\u5347\u81f3\u672c\u5b63\u768420%\u3002\u6211\u5011\u5347\u7d1a\u4e86AI\u9a45\u52d5\u7684\u5ee3\u544a\u63a8\u85a6\u6a21\u578b\uff0c\u64f4\u5c55\u4e86\u5fae\u4fe1\u751f\u614b\u5167\u7684\u9589\u74b0\u71df\u92b7\u80fd\u529b\uff0c\u5f9e\u800c\u6539\u5584\u4e86\u5ee3\u544a\u6548\u679c\uff0c\u63d0\u5347\u4e86\u5ee3\u544a\u55ae\u50f9\u3002\u5927\u591a\u6578\u4e3b\u8981\u884c\u696d\u7684\u5ee3\u544a\u4e3b\u6295\u653e\u672c\u5b63\u5ea6\u5747\u6709\u589e\u9577\uff0c\u5176\u4e2d\u4e92\u806f\u7db2\u670d\u52d9\u3001\u96fb\u5546\u548c\u904a\u6232\u884c\u696d\u7684\u589e\u9577\u5c24\u5176\u986f\u8457\u3002 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d91Q2026\u7684\u6536\u5165\u540c\u6bd4\u589e\u95779%\u81f3\u4eba\u6c11\u5e63599\u5104\u5143\u3002\u91d1\u878d\u79d1\u6280\u670d\u52d9\u6536\u5165\u589e\u9577\u4e3b\u8981\u7531\u5546\u696d\u652f\u4ed8\u53ca\u7406\u8ca1\u670d\u52d9\u6536\u5165\u7684\u589e\u9577\u9a45\u52d5\u3002\u4f01\u696d\u670d\u52d9\u6536\u5165\u540c\u6bd4\u589e\u957720%\uff0c\u5176\u4e2d\u5f97\u76ca\u65bc\u570b\u5167\u8207\u6d77\u5916\u5e02\u5834\u9700\u6c42\u63d0\u5347(\u5305\u62ecAI\u76f8\u95dc\u670d\u52d9)\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u5b9a\u50f9\u74b0\u5883\u5171\u540c\u63a8\u52d5\u4e86\u96f2\u670d\u52d9\u6536\u5165\u589e\u9577\uff0c\u53ca\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u4e0a\u5347\u800c\u5e36\u52d5\u5546\u5bb6\u6280\u8853\u670d\u52d9\u8cbb\u6536\u5165\u589e\u9577\u3002 \u7d93\u71df\u6578\u64da             \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e743\u670831\u65e5   \u540c\u6bd4\u8b8a\u52d5   \u65bc2025\u5e7412\u670831\u65e5   \u74b0\u6bd4\u8b8a\u52d5           (\u767e\u842c\u8a08\uff0c\u53e6\u6709\u6307\u660e\u8005\u9664\u5916)        \u5fae\u4fe1\u53caWeChat\u7684\u5408\u4f75\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   1,432   1,402   2\u00a0%   1,418   1\u00a0%                               QQ\u7684\u79fb\u52d5\u7d42\u7aef\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   516   534   -3\u00a0%   508   2\u00a0%                               \u6536\u8cbb\u589e\u503c\u670d\u52d9\u8a02\u95b1\u6703\u54e1\u6578   266   268   -0.7\u00a0%   267   -0.4\u00a0%        1Q2026\u696d\u52d9\u56de\u9867\u53ca\u5c55\u671b   \u6211\u5011\u591a\u6b3e\u9577\u9752\u904a\u6232\u5728\u672c\u5b63\u6d41\u6c34\u5275\u4e0b\u65b0\u9ad8\uff0c\u5305\u62ec\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u548c\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b\uff0c\u65b0\u904a\u6232\u300a\u6d1b\u514b\u738b\u570b\uff1a\u4e16\u754c\u300b\u4e5f\u5927\u53d7\u6b61\u8fce\u3002  \u6211\u5011\u7684\u667a\u80fd\u6295\u653e\u7522\u54c1\u77e9\u9663\u9a30\u8a0a\u71df\u92b7AIM+\u8ce6\u80fd\u4e86\u5ee3\u544a\u4e3b\u71df\u92b7\u670d\u52d9\u6295\u653e\u91d1\u984d\u7684\u7d0430%\uff0c\u4e26\u5728\u5c0f\u904a\u6232\u3001\u77ed\u5287\u548c\u5fae\u4fe1\u5c0f\u5e97\u5ee3\u544a\u4e3b\u4e2d\u7372\u5f97\u4e86\u5ee3\u6cdb\u61c9\u7528\u3002  \u6211\u5011\u64f4\u5927\u4e86\u8996\u983b\u865f\u5167\u5bb9\u63a8\u85a6\u6a21\u578b\u53c3\u6578\u898f\u6a21\u4e26\u512a\u5316\u4e86\u6a21\u578b\u7b97\u6cd5\uff0c\u5411\u7528\u6236\u63a8\u9001\u66f4\u76f8\u95dc\u7684\u5167\u5bb9\u3002\u8996\u983b\u865f\u7e3d\u7528\u6236\u4f7f\u7528\u6642\u9577\u540c\u6bd4\u589e\u9577\u8d85\u904e20%\u3002  \u6211\u5011\u70ba\u5fae\u4fe1\u5c0f\u5e97\u54c1\u724c\u5546\u5bb6\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4e26\u5411\u8cc7\u6df1\u8cb7\u5bb6\u63a8\u51fa\u4e86\u512a\u60e0\u5238\u5206\u4eab\u529f\u80fd\uff0c\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u7dad\u6301\u5feb\u901f\u7684\u540c\u6bd4\u589e\u9577\u3002  \u5546\u696d\u652f\u4ed8\u91d1\u984d\u540c\u6bd4\u589e\u901f\u8f034Q2025\u63d0\u5347\uff0c\u53d7\u76ca\u65bc\u4ea4\u6613\u7b46\u6578\u6301\u7e8c\u589e\u9577\uff0c\u4ee5\u53ca\u96f6\u552e\u8207\u9910\u98f2\u670d\u52d9\u7b49\u54c1\u985e\u7684\u7b46\u5747\u4ea4\u6613\u91d1\u984d\u4e0a\u5347\u3002  \u9a30\u8a0a\u96f2\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5be6\u73fe\u4e86\u5feb\u901f\u7684\u589e\u9577\u8207\u5065\u5eb7\u7684\u7559\u5b58\u7387\u3002\u5176\u4e2d\uff0c\u4ee5\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8a08\uff0cWorkBuddy\u5df2\u6210\u70ba\u4e2d\u570b\u6700\u53d7\u6b61\u8fce\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002  \u56db\u6708\u6211\u5011\u767c\u4f48\u4e86\u57fa\u65bc\u91cd\u69cb\u5f8c\u7684AI\u57fa\u790e\u8a2d\u65bd\u4e0a\u642d\u5efa\u7684Hy3 preview\u5927\u8a9e\u8a00\u6a21\u578b\u3002\u6211\u5011\u76f8\u4fe1Hy3 preview\u5728\u63a8\u7406\u3001\u667a\u80fd\u9ad4\u548c\u4ee3\u78bc\u7684\u80fd\u529b\u4e0a\uff0c\u70ba\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u8868\u73fe\u6700\u4f73\u7684\u3002\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u4ee5token\u6d88\u8017\u91cf\u8a08\uff0c\u5176\u5df2\u6210\u70baOpenRouter\u4e0a\u6700\u5ee3\u53d7\u4f7f\u7528\u7684\u6a21\u578b\u3002  \u6709\u95dc\u66f4\u8a73\u7d30\u7684\u62ab\u9732\uff0c\u8acb\u700f\u89bdhttps:\/\/www.tencent.com\/zh-hk\/investors.html\u6216\u901a\u904e\u5fae\u4fe1\u516c\u773e\u865f(\u5fae\u4fe1\u865f:TencentGlobal)\u5173\u6ce8\u6211\u4eec\u3002           \u5b63\u5ea6\u8a02\u95b1\u6703\u54e1\u6578\u7684\u65e5\u5747\u503c         \u9577\u9752\u904a\u6232\u6307\u65bc\u672c\u571f\u53ca\u570b\u969b\u5e02\u5834\uff0c\u5b63\u5ea6\u5e73\u5747\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8d85\u904e500\u842c\u7684\u624b\u904a\u6216\u8d85\u904e200\u842c\u7684\u500b\u4eba\u96fb\u8166\u904a\u6232\uff0c\u4e14\u5e74\u6d41\u6c34\u8d85\u904e\u4eba\u6c11\u5e6340 \u5104\u5143        \u95dc\u65bc\u9a30\u8a0a \u9a30\u8a0a\u4ee5\u6280\u8853\u8c50\u5bcc\u4e92\u806f\u7db2\u7528\u6236\u7684\u751f\u6d3b\u3002 \u901a\u904e\u901a\u4fe1\u53ca\u793e\u4ea4\u670d\u52d9\u5fae\u4fe1\u548cQQ\uff0c\u4fc3\u9032\u7528\u6236\u4e92\u76f8\u9023\u63a5\uff0c\u4e26\u52a9\u5176\u9023\u63a5\u6578\u5b57\u5167\u5bb9\u3001\u7db2\u4e0a\u53ca\u7dda\u4e0b\u670d\u52d9\u3002\u901a\u904e\u5b9a\u5411\u71df\u92b7\u670d\u52d9\uff0c\u52a9\u529b\u5ee3\u544a\u4e3b\u89f8\u9054\u6578\u4ee5\u5104\u8a08\u7684\u4e2d\u570b\u6d88\u8cbb\u8005\u3002\u901a\u904e\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9\uff0c\u4fc3\u9032\u5408\u4f5c\u5925\u4f34\u696d\u52d9\u589e\u9577\uff0c\u52a9\u529b\u5be6\u73fe\u6578\u5b57\u5316\u5347\u7d1a\u3002 \u9a30\u8a0a\u5927\u529b\u6295\u8cc7\u65bc\u4eba\u624d\u968a\u4f0d\u548c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\uff0c\u7a4d\u6975\u53c3\u8207\u4e92\u806f\u7db2\u884c\u696d\u5354\u540c\u767c\u5c55\u3002\u9a30\u8a0a\u65bc1998\u5e74\u5728\u4e2d\u570b\u6df1\u5733\u6210\u7acb\uff0c\u9a30\u8a0a2004\u5e74\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u4e0a\u5e02\u3002 \u6295\u8cc7\u8005\u67e5\u8a62:IR@tencent.com\u5a92\u9ad4\u67e5\u8a62:GC@tencent.com \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf \u70ba\u88dc\u5145\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718(\u300c\u672c\u516c\u53f8\u53ca\u5176\u9644\u5c6c\u516c\u53f8\u300d)\u7d9c\u5408\u696d\u7e3e\uff0c\u82e5\u5e72\u984d\u5916\u7684\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf(\u7d93\u71df\u76c8\u5229\u3001\u7d93\u71df\u5229\u6f64\u7387\u3001\u671f\u5167\u76c8\u5229\u3001\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u3001\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u53ca\u6bcf\u80a1\u6524\u8584\u76c8\u5229)\u5df2\u65bc\u672c\u516c\u4f48\u5167\u5448\u5217\u3002\u6b64\u7b49\u672a\u7d93\u5be9\u6838\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u61c9\u88ab\u8996\u70ba\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718\u8ca1\u52d9\u696d\u7e3e\u7684\u88dc\u5145\u800c\u975e\u66ff\u4ee3\u8a08\u91cf\u3002\u6b64\u5916\uff0c\u6b64\u7b49\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u7684\u5b9a\u7fa9\u53ef\u80fd\u8207\u5176\u4ed6\u516c\u53f8\u6240\u7528\u7684\u985e\u4f3c\u8a5e\u5f59\u6709\u6240\u4e0d\u540c\u3002 \u672c\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u76f8\u4fe1\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u85c9\u6392\u9664\u82e5\u5e72\u975e\u73fe\u91d1\u9805\u76ee\u53ca\u6295\u8cc7\u76f8\u95dc\u4ea4\u6613\u7684\u82e5\u5e72\u5f71\u97ff\u70ba\u6295\u8cc7\u8005\u8a55\u4f30\u672c\u96c6\u5718\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e\u63d0\u4f9b\u6709\u7528\u7684\u88dc\u5145\u8cc7\u6599\u3002\u6b64\u5916\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u5305\u62ec\u672c\u96c6\u5718\u4e3b\u8981\u806f\u71df\u516c\u53f8\u7684\u76f8\u95dc\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\uff0c\u6b64\u4e43\u57fa\u65bc\u76f8\u95dc\u4e3b\u8981\u806f\u71df\u516c\u53f8\u53ef\u7372\u5f97\u7684\u5df2\u516c\u4f48\u8ca1\u52d9\u8cc7\u6599\u6216\u672c\u516c\u53f8\u7ba1\u7406\u5c64\u6839\u64da\u6240\u7372\u5f97\u7684\u8cc7\u6599\u3001\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\u6240\u4f5c\u51fa\u7684\u4f30\u8a08\u3002 \u91cd\u8981\u6ce8\u610f\u4e8b\u9805 \u672c\u65b0\u805e\u7a3f\u8f09\u6709\u524d\u77bb\u6027\u9673\u8ff0\uff0c\u6d89\u53ca\u672c\u96c6\u5718\u7684\u696d\u52d9\u5c55\u671b\u3001\u8ca1\u52d9\u8868\u73fe\u4f30\u8a08\u3001\u9810\u6e2c\u696d\u52d9\u8a08\u5283\u53ca\u589e\u9577\u7b56\u7565\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u672c\u96c6\u5718\u73fe\u6709\u7684\u8cc7\u6599\uff0c\u4ea6\u6309\u672c\u65b0\u805e\u7a3f\u520a\u767c\u4e4b\u6642\u7684\u5c55\u671b\u70ba\u57fa\u6e96\uff0c\u5728\u672c\u65b0\u805e\u7a3f\u5167\u8f09\u5217\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\uff0c\u7576\u4e2d\u6709\u4e9b\u6d89\u53ca\u4e3b\u89c0\u56e0\u7d20\u6216\u4e0d\u53d7\u6211\u5011\u63a7\u5236\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6216\u6703\u8b49\u660e\u70ba\u4e0d\u6b63\u78ba\u53ca\u53ef\u80fd\u4e0d\u6703\u5728\u5c07\u4f86\u5be6\u73fe\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6d89\u53ca\u8a31\u591a\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\u3002\u9451\u65bc\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\uff0c\u672c\u65b0\u805e\u7a3f\u5167\u6240\u8f09\u5217\u7684\u524d\u77bb\u6027\u9673\u8ff0\u4e0d\u61c9\u8996\u70ba\u8463\u4e8b\u6703\u6216\u672c\u516c\u53f8\u8072\u660e\u8a72\u7b49\u8a08\u5283\u53ca\u76ee\u6a19\u5c07\u6703\u5be6\u73fe\uff0c\u6545\u6295\u8cc7\u8005\u4e0d\u61c9\u904e\u65bc\u501a\u8cf4\u8a72\u7b49\u9673\u8ff0\u3002 \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)           \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        \u6536\u5165   196,458   180,022   194,371        \u00a0\u00a0\u00a0 \u589e\u503c\u670d\u52d9   96,110   92,133   89,920        \u00a0\u00a0\u00a0 \u71df\u92b7\u670d\u52d9   38,171   31,853   41,116        \u00a0\u00a0\u00a0 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9   59,885   54,907   60,818        \u00a0\u00a0\u00a0 \u5176\u4ed6   2,292   1,129   2,517        \u6536\u5165\u6210\u672c   (85,193)   (79,529)   (86,082)        \u6bdb\u5229   111,265   100,493   108,289        \u6bdb\u5229\u7387   57\u00a0%   56\u00a0%   56\u00a0%        \u92b7\u552e\u53ca\u5e02\u5834\u63a8\u5ee3\u958b\u652f   (11,343)   (7,866)   (12,983)        \u4e00\u822c\u53ca\u884c\u653f\u958b\u652f   (33,800)   (33,664)   (36,283)        \u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d   1,253   (1,397)   1,315        \u7d93\u71df\u76c8\u5229   67,375   57,566   60,338        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%   32\u00a0%   31\u00a0%        \u6295\u8cc7\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\u53ca\u5176\u4ed6   1,928   1,407   3,303        \u5229\u606f\u6536\u5165   4,025   3,748   4,784        \u8ca1\u52d9\u6210\u672c   (2,979)   (3,860)   (3,573)        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229(\u8667\u640d)\/\u6de8\u984d   3,620   4,581   6,832        \u9664\u7a05\u524d\u76c8\u5229   73,969   63,442   71,684        \u6240\u5f97\u7a05\u958b\u652f   (14,577)   (13,717)   (12,595)        \u671f\u5167\u76c8\u5229   59,392   49,725   59,089                         \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:           \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba   58,093   47,821   58,260        \u975e\u63a7\u5236\u6027\u6b0a\u76ca   1,299   1,904   829                         \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7d93\u71df\u76c8\u5229   75,627   69,320   69,518        \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   67,905   61,329   64,694                         \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6bcf\u80a1\u76c8\u5229(\u6bcf\u80a1\u4eba\u6c11\u5e63\u5143)                 - \u57fa\u672c   6.431   5.252   6.433        - \u6524\u8584   6.302   5.129   6.276        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u5168\u9762\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)              \u672a\u7d93\u5be9\u6838              1Q2026   1Q2025        \u671f\u5167\u76c8\u5229      59,392   49,725        \u5176\u4ed6\u5168\u9762\u6536\u76ca(\u9664\u7a05\u6de8\u984d):                 \u5176\u5f8c\u53ef\u80fd\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca   (222)   652        \u8655\u7f6e\u53ca\u8996\u540c\u8655\u7f6e\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5f8c\u5206\u4f54\u5176\u4ed6\u5168\u9762\u6536\u76ca\u8f49\u81f3\u640d\u76ca   135   -        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u00a0 \u91d1\u878d\u8cc7\u7522\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d   (60)   106        \u8655\u7f6e\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u5f8c\u8f49\u81f3\u640d\u76ca   (19)   1        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (13,883)   2,294        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (5)   (213)                         \u5176\u5f8c\u4e0d\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca      (330)   522        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u7684\u516c\u00a0 \u00a0\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d      (66,118)   26,361        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (2,887)   370        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (3)   6              (83,392)   30,099        \u671f\u5167\u5168\u9762\u6536\u76ca\u7e3d\u984d      (24,000)   79,824        \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba      (22,676)   75,858        \u975e\u63a7\u5236\u6027\u6b0a\u76ca      (1,324)   3,966        \u00a0 \u00a0          \u5176\u4ed6\u8ca1\u52d9\u8cc7\u6599        \u00a0 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)   \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        EBITDA (a)   84,167   73,817   77,126        \u7d93\u8abf\u6574\u7684EBITDA (a)   89,617   81,559   83,048        \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387 (b)   46\u00a0%   45\u00a0%   43\u00a0%        \u5229\u606f\u53ca\u76f8\u95dc\u958b\u652f   3,134   3,386   3,323        \u73fe\u91d1\u6de8\u984d (c)   146,860   90,229   107,145        \u8cc7\u672c\u958b\u652f (d)   31,936   27,476   19,632        \u00a0          \u9644\u8a3b        (a) EBITDA\u4e43\u6309\u7d93\u71df\u76c8\u5229\u6263\u9664\u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\uff0c\u52a0\u56de\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750\u3001\u6295\u8cc7\u7269\u696d\u53ca\u4f7f\u7528\u6b0a\u8cc7\u7522\u7684\u6298\u820a\u3001\u4ee5\u53ca\u7121\u5f62\u8cc7\u7522\u53ca\u571f\u5730\u00a0 \u00a0 \u00a0\u4f7f\u7528\u6b0a\u7684\u6524\u92b7\u8a08\u7b97\u3002\u7d93\u8abf\u6574\u7684EBITDA\u4e43\u6309EBITDA\u52a0\u6309\u6b0a\u76ca\u7d50\u7b97\u7684\u80a1\u4efd\u916c\u91d1\u958b\u652f\u8a08\u7b97        (b) \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387\u4e43\u6309\u7d93\u8abf\u6574\u7684EBITDA\u9664\u4ee5\u6536\u5165\u8a08\u7b97        (c) \u73fe\u91d1\u6de8\u984d\u70ba\u671f\u672b\u9918\u984d\uff0c\u4e43\u6839\u64da\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u52a0\u5b9a\u671f\u5b58\u6b3e\u53ca\u5176\u4ed6(\u5305\u62ec\u70ba\u8cc7\u91d1\u7ba1\u7406\u76ee\u7684\u800c\u6301\u6709\u7684\u9ad8\u6d41\u52d5\u6027\u6295\u8cc7\u7522\u54c1)\uff0c\u6e1b\u501f\u6b3e\u53ca\u00a0 \u00a0 \u00a0\u61c9\u4ed8\u7968\u64da\u8a08\u7b97        (d) \u8cc7\u672c\u958b\u652f\u4e3b\u8981\u5305\u62ec\u5c0d\u4fe1\u606f\u6280\u8853\u57fa\u790e\u8a2d\u65bd(\u5305\u62ec\u96fb\u8166\u8a2d\u5099\u3001\u96f6\u914d\u4ef6\u53ca\u8edf\u4ef6)\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u571f\u5730\u4f7f\u7528\u6b0a\u3001\u8fa6\u516c\u5712\u5340\u53ca\u77e5\u8b58\u7522\u6b0a(\u4e0d\u5305\u62ec\u5a92\u00a0 \u00a0 \u00a0\u9ad4\u5167\u5bb9)\u7684\u6295\u5165        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u7d93\u5be9\u6838           \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e7412\u670831\u65e5        \u8cc7\u7522                 \u975e\u6d41\u52d5\u8cc7\u7522                 \u2003\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750   165,666      149,905        \u2003\u571f\u5730\u4f7f\u7528\u6b0a   22,122      22,339        \u2003\u4f7f\u7528\u6b0a\u8cc7\u7522   17,353      17,367        \u2003\u5728\u5efa\u5de5\u7a0b   5,719      9,670        \u2003\u6295\u8cc7\u7269\u696d   1,131      950        \u2003\u7121\u5f62\u8cc7\u7522   199,008      205,999        \u2003\u65bc\u806f\u71df\u516c\u53f8\u7684\u6295\u8cc7   330,532      342,409        \u2003\u65bc\u5408\u71df\u516c\u53f8\u7684\u6295\u8cc7   6,374      6,303        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   208,887      207,157        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   298,052      356,640        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   45,424      24,540        \u5176\u4ed6\u91d1\u878d\u8cc7\u7522   1,084      1,327        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8cc7\u7522   29,698      28,618        \u2003\u5b9a\u671f\u5b58\u6b3e   73,404      70,302           1,404,454      1,443,526                         \u6d41\u52d5\u8cc7\u7522                 \u2003\u5b58\u8ca8   582      530        \u2003\u61c9\u6536\u8cec\u6b3e   58,116      49,930        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   117,147      111,270        \u2003\u5176\u4ed6\u91d1\u878d\u8cc7\u7522   3,779      4,201        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   27,627      35,929        \u00a0 \u00a0\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u00a0 \u00a0 \u00a0 \u00a0 \u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   8,781      8,781        \u2003\u5b9a\u671f\u5b58\u6b3e   205,537      236,801        \u2003\u53d7\u9650\u5236\u73fe\u91d1   7,597      6,977        \u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269   217,770      141,041                                  646,936      595,460        \u8cc7\u7522\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868(\u7e8c\u4e0a)                 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u7d93\u5be9\u6838            \u65bc2026\u5e74   \u65bc2025\u5e74           3\u670831\u65e5   12\u670831\u65e5        \u6b0a\u76ca                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6b0a\u76ca                 \u2003\u80a1\u672c   -      -        \u2003\u80a1\u672c\u6ea2\u50f9   68,575      63,796        \u2003\u5eab\u5b58\u80a1   (1,060)      (3,450)        \u00a0 \u00a0 \u80a1\u4efd\u734e\u52f5\u8a08\u5283\u6240\u6301\u80a1\u4efd   (8,605)      (7,124)        \u2003\u5176\u4ed6\u5132\u5099   7,640      90,494        \u2003\u4fdd\u7559\u76c8\u5229   1,061,102      1,010,436           1,127,652      1,154,152                         \u975e\u63a7\u5236\u6027\u6b0a\u76ca   83,975      86,913        \u6b0a\u76ca\u7e3d\u984d   1,211,627      1,241,065                         \u8ca0\u50b5                 \u975e\u6d41\u52d5\u8ca0\u50b5                 \u2003\u501f\u6b3e   207,881      208,369        \u2003\u61c9\u4ed8\u7968\u64da   124,350      126,204        \u2003\u9577\u671f\u61c9\u4ed8\u6b3e\u9805   10,752      10,544        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,679      2,879        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8ca0\u50b5   23,591      21,684        \u2003\u79df\u8cc3\u8ca0\u50b5   13,074      13,280        \u2003\u905e\u5ef6\u6536\u5165   2,564      2,210           385,891      385,170                         \u6d41\u52d5\u8ca0\u50b5                 \u2003\u61c9\u4ed8\u8cec\u6b3e   141,748      121,127        \u2003\u5176\u4ed6\u61c9\u4ed8\u6b3e\u9805\u53ca\u9810\u63d0\u8cbb\u7528   81,153      96,496        \u2003\u501f\u6b3e   51,114      42,618        \u00a0 \u00a0 \u61c9\u4ed8\u7968\u64da   3,460      10,542        \u2003\u6d41\u52d5\u6240\u5f97\u7a05\u8ca0\u50b5   19,961      18,558        \u00a0 \u00a0 \u5176\u4ed6\u7a05\u9805\u8ca0\u50b5   6,130      3,723        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,355      3,992        \u2003\u79df\u8cc3\u8ca0\u50b5   5,632      5,386        \u00a0 \u00a0 \u905e\u5ef6\u6536\u5165   141,319      110,309           453,872      412,751        \u8ca0\u50b5\u7e3d\u984d   839,763      797,921        \u6b0a\u76ca\u53ca\u8ca0\u50b5\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u8207\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u88fd\u7684\u6700\u8fd1\u8a08\u91cf\u4e4b\u9593\u7684\u8abf\u7bc0           \u5df2\u5831\u544a   \u8abf\u6574   \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247        \u4eba\u6c11\u5e63\u767e\u842c\u5143\u767e\u5206\u6bd4\u9664\u5916   \u80a1\u4efd\u916c\u91d1 (a)   \u4f86\u81ea\u6295\u8cc7\u516c\u53f8\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d (b)   \u7121\u5f62\u8cc7\u7522\u6524\u92b7 (c)   \u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de) (d)   SSV\u53caCPP (e)   \u6240\u5f97\u7a05\u5f71\u97ff (f)              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2026 \u5e74 3 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   67,375   6,534   \u2013   1,578   \u2013   140   \u2013   75,627        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u00a0 \u6de8\u984d   3,620   810   817   1,612   264   \u2013   \u2013   7,123        \u671f\u5167\u76c8\u5229   59,392   7,344   (3,255)   3,190   2,467   765   (130)   69,773        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,093   7,193   (3,342)   2,862   2,397   765   (63)   67,905        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%                     38\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e743 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   57,566   10,100   \u2013   1,515   \u2013   139   \u2013   69,320        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   4,581   968   111   1,713   267   \u2013   \u2013   7,640        \u671f\u5167\u76c8\u5229   49,725   11,068   (31)   3,228   (689)   160   (769)   62,692        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   47,821   10,833   1,081   2,854   (719)   160   (701)   61,329        \u7d93\u71df\u5229\u6f64\u7387   32\u00a0%                     39\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e7412\u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   60,338   7,210   \u2013   1,594   \u2013   376   \u2013   69,518        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   6,832   773   (26)   1,522   46   \u2013   \u2013   9,147        \u671f\u5167\u76c8\u5229   59,089   7,983   (7,479)   3,116   3,617   1,338   (953)   66,711        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,260   7,902   (7,515)   2,793   2,812   1,338   (896)   64,694        \u7d93\u71df\u5229\u6f64\u7387   31\u00a0%                     36\u00a0%        \u00a0          \u9644\u8a3b:        (a) \u5305\u62ec\u6388\u4e88\u6295\u8cc7\u516c\u53f8\u50f1\u54e1\u7684\u8a8d\u6cbd\u671f\u6b0a(\u53ef\u7531\u672c\u96c6\u5718\u6536\u8cfc\u7684\u6295\u8cc7\u516c\u53f8\u7684\u80a1\u4efd\u53ca\u6839\u64da\u5176\u80a1\u4efd\u734e\u52f5\u8a08\u5283\u800c\u767c\u884c\u7684\u80a1\u4efd)\u53ca\u5176\u4ed6\u734e\u52f5        (b) \u5305\u62ec\u8996\u540c\u8655\u7f6e\/\u8655\u7f6e\u6295\u8cc7\u516c\u53f8\u3001\u6295\u8cc7\u516c\u53f8\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d\u4ee5\u53ca\u8207\u6295\u8cc7\u516c\u53f8\u80a1\u6b0a\u4ea4\u6613\u76f8\u95dc\u7684\u5176\u4ed6\u958b\u652f        (c) \u56e0\u6536\u8cfc\u7522\u751f\u7684\u7121\u5f62\u8cc7\u7522\u6524\u92b7        (d) \u4e3b\u8981\u5305\u62ec\u65bc\u806f\u71df\u516c\u53f8\u3001\u5408\u71df\u516c\u53f8\u3001\u5546\u8b7d\u53ca\u6536\u8cfc\u7522\u751f\u7684\u5176\u4ed6\u7121\u5f62\u8cc7\u7522\u7684\u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de)        (e) \u4e3b\u8981\u5305\u62ec\u672c\u96c6\u5718\u53ef\u6301\u7e8c\u793e\u6703\u50f9\u503c\u53ca\u5171\u540c\u5bcc\u88d5\u8a08\u5283\u9805\u76ee\u6240\u7522\u751f\u7684\u6350\u6b3e\u53ca\u958b\u652f        (f) \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u7684\u6240\u5f97\u7a05\u5f71\u97ff        \u00a0 \u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pingtungtimes.com.tw\/?p=435317\" \/>\n<meta property=\"og:site_name\" content=\"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pingtungnews\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-13T09:56:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png\" \/>\n<meta name=\"author\" content=\"\u7f8e\u901a\u793e\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005:\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u7f8e\u901a\u793e\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9810\u4f30\u95b1\u8b80\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 \u5206\u9418\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317\"},\"author\":{\"name\":\"\u7f8e\u901a\u793e\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#\\\/schema\\\/person\\\/683b937f29ec1537972f6c41e22a2cf3\"},\"headline\":\"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e\",\"datePublished\":\"2026-05-13T09:56:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317\"},\"wordCount\":111,\"publisher\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/logo-150.png\",\"articleSection\":[\"\u7f8e\u901a\u793e\"],\"inLanguage\":\"zh-TW\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317\",\"url\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317\",\"name\":\"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/logo-150.png\",\"datePublished\":\"2026-05-13T09:56:00+00:00\",\"description\":\"\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210\u679c\u51f8\u986f AI\u8ce6\u80fd\u4e3b\u696d\u7a69\u5065\u589e\u9577 \u9999\u6e2f2026\u5e745\u670813\u65e5 \\\/\u7f8e\u901a\u793e\\\/ --\u00a0\u4e16\u754c\u9818\u5148\u7684\u4e92\u806f\u7db2\u79d1\u6280\u516c\u53f8\u2014\u2014\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u6e2f\u4ea4\u6240\u4ee3\u78bc:00700(\u6e2f\u5e63\u6ac3\u53f0)\u53ca80700(\u4eba\u6c11\u5e63\u6ac3\u53f0)\uff0c\u300c\u9a30\u8a0a\u300d\u6216\u300c\u672c\u516c\u53f8\u300d)\u4eca\u5929\u516c\u4f48\u622a\u81f3\u4e8c\u96f6\u4e8c\u516d\u5e74\u4e09\u6708\u4e09\u5341\u4e00\u65e5\u6b62\u7b2c\u4e00\u5b63(\u300c1Q2026\u300d)\u672a\u7d93\u5be9\u6838\u7d9c\u5408\u696d\u7e3e\u3002 \u8463\u4e8b\u6703\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u99ac\u5316\u9a30\u8868\u793a:\u300c\u4e8c\u96f6\u4e8c\u516d\u5e74\u4f0a\u59cb\uff0c\u6211\u5011\u5728\u65b0AI\u7522\u54c1\u4e0a\u53d6\u5f97\u4e86\u986f\u8457\u7a81\u7834\uff0c\u4e26\u6301\u7e8c\u4ee5AI\u8ce6\u80fd\u6838\u5fc3\u696d\u52d9\u589e\u9577\u3002\u91cd\u7d44\u5f8c\u7684AI\u7814\u767c\u5718\u968a\u91cd\u69cb\u4e86AI\u57fa\u790e\u8a2d\u65bd\uff0c\u642d\u5efa\u4e86Hy3 preview\u6a21\u578b\uff0c\u5728\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u6027\u80fd\u9818\u5148\uff0c\u517c\u5177\u5be6\u7528\u6027\u8207\u6027\u50f9\u6bd4\uff1b\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u5176\u5728OpenRouter\u7684token\u6d88\u8017\u91cf\u6392\u884c\u699c\u4e0a\u7a69\u5c45\u524d\u5217\u3002\u6211\u5011\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5df2\u521d\u898b\u6210\u6548\uff0c\u6211\u5011\u76f8\u4fe1\uff0cWorkBuddy\u76ee\u524d\u662f\u4e2d\u570b\u4f7f\u7528\u6700\u5ee3\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002\u540c\u6642\uff0c\u6211\u5011\u7684\u6838\u5fc3\u696d\u52d9\u5728\u7528\u6236\u7c98\u6027\u3001\u6536\u5165\u53ca\u76c8\u5229\u4e0a\u6301\u7e8c\u589e\u9577\uff0c\u65e2\u70baAI\u6295\u5165\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u73fe\u91d1\u6d41\u652f\u6301\uff0c\u4e5f\u70baAI\u7684\u843d\u5730\u61c9\u7528\u5960\u5b9a\u4e86\u8c50\u5bcc\u7684\u5834\u666f\u57fa\u790e\u3002\u300d 1Q2026\u8ca1\u52d9\u6458\u8981 \u7e3d\u6536\u5165:\u540c\u6bd4\u589e\u95779%\uff0c\u6bdb\u5229:\u540c\u6bd4\u589e\u957711%\uff0c\u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7684\u7d93\u71df\u76c8\u5229:\u540c\u6bd4\u589e\u95779% \u7e3d\u6536\u5165\u70ba\u4eba\u6c11\u5e631,965\u5104\u5143\uff0c\u8f03\u4e8c\u96f6\u4e8c\u4e94\u5e74\u7b2c\u4e00\u5b63(\u300c\u540c\u6bd4\u300d)\u589e\u95779%\u3002 \u6bdb\u5229\u70ba\u4eba\u6c11\u5e631,113\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002 \u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\uff0c\u6487\u9664\u82e5\u5e72\u4e00\u6b21\u6027\u53ca\\\/\u6216\u975e\u73fe\u91d1\u9805\u76ee\u7684\u5f71\u97ff\uff0c\u4ee5\u9ad4\u73fe\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e: \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63756\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95779%; \u7d93\u71df\u5229\u6f64\u7387\u70ba38.5%\uff0c\u8f03\u53bb\u5e74\u6301\u5e73\u3002 \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63844\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768439.9%\u63d0\u5347\u81f343.0%\u3002 \u76c8\u5229\u70ba\u4eba\u6c11\u5e63698\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63679\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002 \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.517\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.364\u5143\u3002 \u6309\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247: \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63674\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768432.0%\u63d0\u5347\u81f334.3%\u3002 \u76c8\u5229\u70ba\u4eba\u6c11\u5e63594\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957719%\u3002 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63581\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957721%\u3002 \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.431\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.302\u5143\u3002 \u8cc7\u672c\u958b\u652f\u70ba\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u540c\u6bd4\u589e\u52a016%\u3002 \u7e3d\u73fe\u91d1\u70ba\u4eba\u6c11\u5e63 5,337 \u5104\u5143\uff0c\u540c\u6bd4\u589e\u957712%\u3002\u81ea\u7531\u73fe\u91d1\u6d41\u70ba\u4eba\u6c11\u5e63567\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957720%\u3002\u73fe\u91d1\u6de8\u984d\u70ba\u4eba\u6c11\u5e631,469\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957763%\u3002 \u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e635,471\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e636,727\u5104\u5143\u3002\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u975e\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,651\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,631\u5104\u5143\u3002 1Q2026\uff0c\u672c\u516c\u53f8\u65bc\u9999\u6e2f\u806f\u4ea4\u6240\u4ee5\u7d0476\u5104\u6e2f\u5143\u7684\u7e3d\u4ee3\u50f9\u56de\u8cfc\u7d041,265\u842c\u80a1\u80a1\u4efd\u3002 \u5254\u9664\u65b0AI\u7522\u54c1(Hy\u3001\u5143\u5bf6\u3001CodeBuddy\u3001WorkBuddy\u53caQClaw)\u4e4b\u6536\u5165\u3001\u6210\u672c\u53ca\u958b\u652f \u5305\u62ec\u900f\u904e\u7279\u6b8a\u76ee\u7684\u516c\u53f8\u6301\u6709\u7684\u6b0a\u76ca\uff0c\u4e14\u6309\u61c9\u4f54\u57fa\u6e96\u8a08 1Q2026\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790 \u589e\u503c\u670d\u52d91Q2026\u6536\u5165\u540c\u6bd4\u589e\u95774%\u81f3\u4eba\u6c11\u5e63961\u5104\u5143\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63454\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95776%\uff0c\u6536\u5165\u589e\u901f\u6eef\u5f8c\u65bc\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u589e\u901f\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u5c0e\u81f4\u66f4\u591a\u6536\u5165\u905e\u5ef6\u81f3\u672c\u5b63\u4e4b\u5f8c\u78ba\u8a8d\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u540c\u6bd4\u589e\u9577\u5341\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u56e0\u53d7\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u7b49\u73fe\u6709\u9577\u9752\u904a\u6232\uff0c\u4ee5\u53ca\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b(\u8fd1\u671f\u5df2\u8e8b\u8eab\u9577\u9752\u904a\u6232\u4e4b\u5217) \u3001\u300a\u7121\u754f\u5951\u7d04\uff1a\u6e90\u80fd\u884c\u52d5\u300b\u7b49\u8fd1\u671f\u767c\u4f48\u904a\u6232\u7684\u63a8\u52d5\u3002\u570b\u969b\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63188\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957713%(\u6309\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u70ba14%)\uff0c\u589e\u9577\u4e3b\u8981\u7531\u300a\u90e8\u843d\u885d\u7a81\uff1a\u7687\u5ba4\u6230\u722d\u300b\u3001\u300a\u9cf4\u6f6e\u300b\u53ca\u300a\u7121\u754f\u5951\u7d04\u300b\u500b\u4eba\u96fb\u8166\u7aef\u6240\u5e36\u52d5\u3002\u793e\u4ea4\u7db2\u7d61\u6536\u5165\u540c\u6bd4\u4e0b\u964d2%\u81f3\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u4ee41Q2026\u78ba\u8a8d\u7684\u672c\u571f\u5e02\u5834\u624b\u6a5f\u904a\u6232\u61c9\u7528\u9053\u5177\u92b7\u552e\u6536\u5165\u8f031Q2025\u6e1b\u5c11\u3002 \u71df\u92b7\u670d\u52d91Q2026\u6536\u5165\u70ba\u4eba\u6c11\u5e63382\u5104\u5143\uff0c\u540c\u6bd4\u589e\u901f\u75314Q2025\u768417%\u63d0\u5347\u81f3\u672c\u5b63\u768420%\u3002\u6211\u5011\u5347\u7d1a\u4e86AI\u9a45\u52d5\u7684\u5ee3\u544a\u63a8\u85a6\u6a21\u578b\uff0c\u64f4\u5c55\u4e86\u5fae\u4fe1\u751f\u614b\u5167\u7684\u9589\u74b0\u71df\u92b7\u80fd\u529b\uff0c\u5f9e\u800c\u6539\u5584\u4e86\u5ee3\u544a\u6548\u679c\uff0c\u63d0\u5347\u4e86\u5ee3\u544a\u55ae\u50f9\u3002\u5927\u591a\u6578\u4e3b\u8981\u884c\u696d\u7684\u5ee3\u544a\u4e3b\u6295\u653e\u672c\u5b63\u5ea6\u5747\u6709\u589e\u9577\uff0c\u5176\u4e2d\u4e92\u806f\u7db2\u670d\u52d9\u3001\u96fb\u5546\u548c\u904a\u6232\u884c\u696d\u7684\u589e\u9577\u5c24\u5176\u986f\u8457\u3002 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d91Q2026\u7684\u6536\u5165\u540c\u6bd4\u589e\u95779%\u81f3\u4eba\u6c11\u5e63599\u5104\u5143\u3002\u91d1\u878d\u79d1\u6280\u670d\u52d9\u6536\u5165\u589e\u9577\u4e3b\u8981\u7531\u5546\u696d\u652f\u4ed8\u53ca\u7406\u8ca1\u670d\u52d9\u6536\u5165\u7684\u589e\u9577\u9a45\u52d5\u3002\u4f01\u696d\u670d\u52d9\u6536\u5165\u540c\u6bd4\u589e\u957720%\uff0c\u5176\u4e2d\u5f97\u76ca\u65bc\u570b\u5167\u8207\u6d77\u5916\u5e02\u5834\u9700\u6c42\u63d0\u5347(\u5305\u62ecAI\u76f8\u95dc\u670d\u52d9)\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u5b9a\u50f9\u74b0\u5883\u5171\u540c\u63a8\u52d5\u4e86\u96f2\u670d\u52d9\u6536\u5165\u589e\u9577\uff0c\u53ca\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u4e0a\u5347\u800c\u5e36\u52d5\u5546\u5bb6\u6280\u8853\u670d\u52d9\u8cbb\u6536\u5165\u589e\u9577\u3002 \u7d93\u71df\u6578\u64da \u65bc2026\u5e743\u670831\u65e5 \u65bc2025\u5e743\u670831\u65e5 \u540c\u6bd4\u8b8a\u52d5 \u65bc2025\u5e7412\u670831\u65e5 \u74b0\u6bd4\u8b8a\u52d5 (\u767e\u842c\u8a08\uff0c\u53e6\u6709\u6307\u660e\u8005\u9664\u5916) \u5fae\u4fe1\u53caWeChat\u7684\u5408\u4f75\u6708\u6d3b\u8e8d\u8cec\u6236\u6578 1,432 1,402 2\u00a0% 1,418 1\u00a0% QQ\u7684\u79fb\u52d5\u7d42\u7aef\u6708\u6d3b\u8e8d\u8cec\u6236\u6578 516 534 -3\u00a0% 508 2\u00a0% \u6536\u8cbb\u589e\u503c\u670d\u52d9\u8a02\u95b1\u6703\u54e1\u6578 266 268 -0.7\u00a0% 267 -0.4\u00a0% 1Q2026\u696d\u52d9\u56de\u9867\u53ca\u5c55\u671b \u6211\u5011\u591a\u6b3e\u9577\u9752\u904a\u6232\u5728\u672c\u5b63\u6d41\u6c34\u5275\u4e0b\u65b0\u9ad8\uff0c\u5305\u62ec\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u548c\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b\uff0c\u65b0\u904a\u6232\u300a\u6d1b\u514b\u738b\u570b\uff1a\u4e16\u754c\u300b\u4e5f\u5927\u53d7\u6b61\u8fce\u3002 \u6211\u5011\u7684\u667a\u80fd\u6295\u653e\u7522\u54c1\u77e9\u9663\u9a30\u8a0a\u71df\u92b7AIM+\u8ce6\u80fd\u4e86\u5ee3\u544a\u4e3b\u71df\u92b7\u670d\u52d9\u6295\u653e\u91d1\u984d\u7684\u7d0430%\uff0c\u4e26\u5728\u5c0f\u904a\u6232\u3001\u77ed\u5287\u548c\u5fae\u4fe1\u5c0f\u5e97\u5ee3\u544a\u4e3b\u4e2d\u7372\u5f97\u4e86\u5ee3\u6cdb\u61c9\u7528\u3002 \u6211\u5011\u64f4\u5927\u4e86\u8996\u983b\u865f\u5167\u5bb9\u63a8\u85a6\u6a21\u578b\u53c3\u6578\u898f\u6a21\u4e26\u512a\u5316\u4e86\u6a21\u578b\u7b97\u6cd5\uff0c\u5411\u7528\u6236\u63a8\u9001\u66f4\u76f8\u95dc\u7684\u5167\u5bb9\u3002\u8996\u983b\u865f\u7e3d\u7528\u6236\u4f7f\u7528\u6642\u9577\u540c\u6bd4\u589e\u9577\u8d85\u904e20%\u3002 \u6211\u5011\u70ba\u5fae\u4fe1\u5c0f\u5e97\u54c1\u724c\u5546\u5bb6\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4e26\u5411\u8cc7\u6df1\u8cb7\u5bb6\u63a8\u51fa\u4e86\u512a\u60e0\u5238\u5206\u4eab\u529f\u80fd\uff0c\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u7dad\u6301\u5feb\u901f\u7684\u540c\u6bd4\u589e\u9577\u3002 \u5546\u696d\u652f\u4ed8\u91d1\u984d\u540c\u6bd4\u589e\u901f\u8f034Q2025\u63d0\u5347\uff0c\u53d7\u76ca\u65bc\u4ea4\u6613\u7b46\u6578\u6301\u7e8c\u589e\u9577\uff0c\u4ee5\u53ca\u96f6\u552e\u8207\u9910\u98f2\u670d\u52d9\u7b49\u54c1\u985e\u7684\u7b46\u5747\u4ea4\u6613\u91d1\u984d\u4e0a\u5347\u3002 \u9a30\u8a0a\u96f2\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5be6\u73fe\u4e86\u5feb\u901f\u7684\u589e\u9577\u8207\u5065\u5eb7\u7684\u7559\u5b58\u7387\u3002\u5176\u4e2d\uff0c\u4ee5\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8a08\uff0cWorkBuddy\u5df2\u6210\u70ba\u4e2d\u570b\u6700\u53d7\u6b61\u8fce\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002 \u56db\u6708\u6211\u5011\u767c\u4f48\u4e86\u57fa\u65bc\u91cd\u69cb\u5f8c\u7684AI\u57fa\u790e\u8a2d\u65bd\u4e0a\u642d\u5efa\u7684Hy3 preview\u5927\u8a9e\u8a00\u6a21\u578b\u3002\u6211\u5011\u76f8\u4fe1Hy3 preview\u5728\u63a8\u7406\u3001\u667a\u80fd\u9ad4\u548c\u4ee3\u78bc\u7684\u80fd\u529b\u4e0a\uff0c\u70ba\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u8868\u73fe\u6700\u4f73\u7684\u3002\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u4ee5token\u6d88\u8017\u91cf\u8a08\uff0c\u5176\u5df2\u6210\u70baOpenRouter\u4e0a\u6700\u5ee3\u53d7\u4f7f\u7528\u7684\u6a21\u578b\u3002 \u6709\u95dc\u66f4\u8a73\u7d30\u7684\u62ab\u9732\uff0c\u8acb\u700f\u89bdhttps:\\\/\\\/www.tencent.com\\\/zh-hk\\\/investors.html\u6216\u901a\u904e\u5fae\u4fe1\u516c\u773e\u865f(\u5fae\u4fe1\u865f:TencentGlobal)\u5173\u6ce8\u6211\u4eec\u3002 \u5b63\u5ea6\u8a02\u95b1\u6703\u54e1\u6578\u7684\u65e5\u5747\u503c \u9577\u9752\u904a\u6232\u6307\u65bc\u672c\u571f\u53ca\u570b\u969b\u5e02\u5834\uff0c\u5b63\u5ea6\u5e73\u5747\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8d85\u904e500\u842c\u7684\u624b\u904a\u6216\u8d85\u904e200\u842c\u7684\u500b\u4eba\u96fb\u8166\u904a\u6232\uff0c\u4e14\u5e74\u6d41\u6c34\u8d85\u904e\u4eba\u6c11\u5e6340 \u5104\u5143 \u95dc\u65bc\u9a30\u8a0a \u9a30\u8a0a\u4ee5\u6280\u8853\u8c50\u5bcc\u4e92\u806f\u7db2\u7528\u6236\u7684\u751f\u6d3b\u3002 \u901a\u904e\u901a\u4fe1\u53ca\u793e\u4ea4\u670d\u52d9\u5fae\u4fe1\u548cQQ\uff0c\u4fc3\u9032\u7528\u6236\u4e92\u76f8\u9023\u63a5\uff0c\u4e26\u52a9\u5176\u9023\u63a5\u6578\u5b57\u5167\u5bb9\u3001\u7db2\u4e0a\u53ca\u7dda\u4e0b\u670d\u52d9\u3002\u901a\u904e\u5b9a\u5411\u71df\u92b7\u670d\u52d9\uff0c\u52a9\u529b\u5ee3\u544a\u4e3b\u89f8\u9054\u6578\u4ee5\u5104\u8a08\u7684\u4e2d\u570b\u6d88\u8cbb\u8005\u3002\u901a\u904e\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9\uff0c\u4fc3\u9032\u5408\u4f5c\u5925\u4f34\u696d\u52d9\u589e\u9577\uff0c\u52a9\u529b\u5be6\u73fe\u6578\u5b57\u5316\u5347\u7d1a\u3002 \u9a30\u8a0a\u5927\u529b\u6295\u8cc7\u65bc\u4eba\u624d\u968a\u4f0d\u548c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\uff0c\u7a4d\u6975\u53c3\u8207\u4e92\u806f\u7db2\u884c\u696d\u5354\u540c\u767c\u5c55\u3002\u9a30\u8a0a\u65bc1998\u5e74\u5728\u4e2d\u570b\u6df1\u5733\u6210\u7acb\uff0c\u9a30\u8a0a2004\u5e74\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u4e0a\u5e02\u3002 \u6295\u8cc7\u8005\u67e5\u8a62:IR@tencent.com\u5a92\u9ad4\u67e5\u8a62:GC@tencent.com \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf \u70ba\u88dc\u5145\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718(\u300c\u672c\u516c\u53f8\u53ca\u5176\u9644\u5c6c\u516c\u53f8\u300d)\u7d9c\u5408\u696d\u7e3e\uff0c\u82e5\u5e72\u984d\u5916\u7684\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf(\u7d93\u71df\u76c8\u5229\u3001\u7d93\u71df\u5229\u6f64\u7387\u3001\u671f\u5167\u76c8\u5229\u3001\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u3001\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u53ca\u6bcf\u80a1\u6524\u8584\u76c8\u5229)\u5df2\u65bc\u672c\u516c\u4f48\u5167\u5448\u5217\u3002\u6b64\u7b49\u672a\u7d93\u5be9\u6838\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u61c9\u88ab\u8996\u70ba\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718\u8ca1\u52d9\u696d\u7e3e\u7684\u88dc\u5145\u800c\u975e\u66ff\u4ee3\u8a08\u91cf\u3002\u6b64\u5916\uff0c\u6b64\u7b49\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u7684\u5b9a\u7fa9\u53ef\u80fd\u8207\u5176\u4ed6\u516c\u53f8\u6240\u7528\u7684\u985e\u4f3c\u8a5e\u5f59\u6709\u6240\u4e0d\u540c\u3002 \u672c\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u76f8\u4fe1\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u85c9\u6392\u9664\u82e5\u5e72\u975e\u73fe\u91d1\u9805\u76ee\u53ca\u6295\u8cc7\u76f8\u95dc\u4ea4\u6613\u7684\u82e5\u5e72\u5f71\u97ff\u70ba\u6295\u8cc7\u8005\u8a55\u4f30\u672c\u96c6\u5718\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e\u63d0\u4f9b\u6709\u7528\u7684\u88dc\u5145\u8cc7\u6599\u3002\u6b64\u5916\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u5305\u62ec\u672c\u96c6\u5718\u4e3b\u8981\u806f\u71df\u516c\u53f8\u7684\u76f8\u95dc\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\uff0c\u6b64\u4e43\u57fa\u65bc\u76f8\u95dc\u4e3b\u8981\u806f\u71df\u516c\u53f8\u53ef\u7372\u5f97\u7684\u5df2\u516c\u4f48\u8ca1\u52d9\u8cc7\u6599\u6216\u672c\u516c\u53f8\u7ba1\u7406\u5c64\u6839\u64da\u6240\u7372\u5f97\u7684\u8cc7\u6599\u3001\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\u6240\u4f5c\u51fa\u7684\u4f30\u8a08\u3002 \u91cd\u8981\u6ce8\u610f\u4e8b\u9805 \u672c\u65b0\u805e\u7a3f\u8f09\u6709\u524d\u77bb\u6027\u9673\u8ff0\uff0c\u6d89\u53ca\u672c\u96c6\u5718\u7684\u696d\u52d9\u5c55\u671b\u3001\u8ca1\u52d9\u8868\u73fe\u4f30\u8a08\u3001\u9810\u6e2c\u696d\u52d9\u8a08\u5283\u53ca\u589e\u9577\u7b56\u7565\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u672c\u96c6\u5718\u73fe\u6709\u7684\u8cc7\u6599\uff0c\u4ea6\u6309\u672c\u65b0\u805e\u7a3f\u520a\u767c\u4e4b\u6642\u7684\u5c55\u671b\u70ba\u57fa\u6e96\uff0c\u5728\u672c\u65b0\u805e\u7a3f\u5167\u8f09\u5217\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\uff0c\u7576\u4e2d\u6709\u4e9b\u6d89\u53ca\u4e3b\u89c0\u56e0\u7d20\u6216\u4e0d\u53d7\u6211\u5011\u63a7\u5236\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6216\u6703\u8b49\u660e\u70ba\u4e0d\u6b63\u78ba\u53ca\u53ef\u80fd\u4e0d\u6703\u5728\u5c07\u4f86\u5be6\u73fe\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6d89\u53ca\u8a31\u591a\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\u3002\u9451\u65bc\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\uff0c\u672c\u65b0\u805e\u7a3f\u5167\u6240\u8f09\u5217\u7684\u524d\u77bb\u6027\u9673\u8ff0\u4e0d\u61c9\u8996\u70ba\u8463\u4e8b\u6703\u6216\u672c\u516c\u53f8\u8072\u660e\u8a72\u7b49\u8a08\u5283\u53ca\u76ee\u6a19\u5c07\u6703\u5be6\u73fe\uff0c\u6545\u6295\u8cc7\u8005\u4e0d\u61c9\u904e\u65bc\u501a\u8cf4\u8a72\u7b49\u9673\u8ff0\u3002 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u6536\u76ca\u8868 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 1Q2026 1Q2025 4Q2025 \u6536\u5165 196,458 180,022 194,371 \u00a0\u00a0\u00a0 \u589e\u503c\u670d\u52d9 96,110 92,133 89,920 \u00a0\u00a0\u00a0 \u71df\u92b7\u670d\u52d9 38,171 31,853 41,116 \u00a0\u00a0\u00a0 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9 59,885 54,907 60,818 \u00a0\u00a0\u00a0 \u5176\u4ed6 2,292 1,129 2,517 \u6536\u5165\u6210\u672c (85,193) (79,529) (86,082) \u6bdb\u5229 111,265 100,493 108,289 \u6bdb\u5229\u7387 57\u00a0% 56\u00a0% 56\u00a0% \u92b7\u552e\u53ca\u5e02\u5834\u63a8\u5ee3\u958b\u652f (11,343) (7,866) (12,983) \u4e00\u822c\u53ca\u884c\u653f\u958b\u652f (33,800) (33,664) (36,283) \u5176\u4ed6\u6536\u76ca\\\/(\u8667\u640d)\u6de8\u984d 1,253 (1,397) 1,315 \u7d93\u71df\u76c8\u5229 67,375 57,566 60,338 \u7d93\u71df\u5229\u6f64\u7387 34\u00a0% 32\u00a0% 31\u00a0% \u6295\u8cc7\u6536\u76ca\\\/(\u8667\u640d)\u6de8\u984d\u53ca\u5176\u4ed6 1,928 1,407 3,303 \u5229\u606f\u6536\u5165 4,025 3,748 4,784 \u8ca1\u52d9\u6210\u672c (2,979) (3,860) (3,573) \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229(\u8667\u640d)\\\/\u6de8\u984d 3,620 4,581 6,832 \u9664\u7a05\u524d\u76c8\u5229 73,969 63,442 71,684 \u6240\u5f97\u7a05\u958b\u652f (14,577) (13,717) (12,595) \u671f\u5167\u76c8\u5229 59,392 49,725 59,089 \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54: \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba 58,093 47,821 58,260 \u975e\u63a7\u5236\u6027\u6b0a\u76ca 1,299 1,904 829 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7d93\u71df\u76c8\u5229 75,627 69,320 69,518 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 67,905 61,329 64,694 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6bcf\u80a1\u76c8\u5229(\u6bcf\u80a1\u4eba\u6c11\u5e63\u5143) - \u57fa\u672c 6.431 5.252 6.433 - \u6524\u8584 6.302 5.129 6.276 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u5168\u9762\u6536\u76ca\u8868 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 1Q2026 1Q2025 \u671f\u5167\u76c8\u5229 59,392 49,725 \u5176\u4ed6\u5168\u9762\u6536\u76ca(\u9664\u7a05\u6de8\u984d): \u5176\u5f8c\u53ef\u80fd\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca (222) 652 \u8655\u7f6e\u53ca\u8996\u540c\u8655\u7f6e\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5f8c\u5206\u4f54\u5176\u4ed6\u5168\u9762\u6536\u76ca\u8f49\u81f3\u640d\u76ca 135 - \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u00a0 \u91d1\u878d\u8cc7\u7522\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\\\/\u6536\u76ca\u6de8\u984d (60) 106 \u8655\u7f6e\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u5f8c\u8f49\u81f3\u640d\u76ca (19) 1 \u5916\u5e63\u6298\u7b97\u5dee\u984d (13,883) 2,294 \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d (5) (213) \u5176\u5f8c\u4e0d\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca (330) 522 \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u7684\u516c\u00a0 \u00a0\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\\\/\u6536\u76ca\u6de8\u984d (66,118) 26,361 \u5916\u5e63\u6298\u7b97\u5dee\u984d (2,887) 370 \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d (3) 6 (83,392) 30,099 \u671f\u5167\u5168\u9762\u6536\u76ca\u7e3d\u984d (24,000) 79,824 \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54: \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba (22,676) 75,858 \u975e\u63a7\u5236\u6027\u6b0a\u76ca (1,324) 3,966 \u00a0 \u00a0 \u5176\u4ed6\u8ca1\u52d9\u8cc7\u6599 \u00a0 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 1Q2026 1Q2025 4Q2025 EBITDA (a) 84,167 73,817 77,126 \u7d93\u8abf\u6574\u7684EBITDA (a) 89,617 81,559 83,048 \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387 (b) 46\u00a0% 45\u00a0% 43\u00a0% \u5229\u606f\u53ca\u76f8\u95dc\u958b\u652f 3,134 3,386 3,323 \u73fe\u91d1\u6de8\u984d (c) 146,860 90,229 107,145 \u8cc7\u672c\u958b\u652f (d) 31,936 27,476 19,632 \u00a0 \u9644\u8a3b (a) EBITDA\u4e43\u6309\u7d93\u71df\u76c8\u5229\u6263\u9664\u5176\u4ed6\u6536\u76ca\\\/(\u8667\u640d)\u6de8\u984d\uff0c\u52a0\u56de\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750\u3001\u6295\u8cc7\u7269\u696d\u53ca\u4f7f\u7528\u6b0a\u8cc7\u7522\u7684\u6298\u820a\u3001\u4ee5\u53ca\u7121\u5f62\u8cc7\u7522\u53ca\u571f\u5730\u00a0 \u00a0 \u00a0\u4f7f\u7528\u6b0a\u7684\u6524\u92b7\u8a08\u7b97\u3002\u7d93\u8abf\u6574\u7684EBITDA\u4e43\u6309EBITDA\u52a0\u6309\u6b0a\u76ca\u7d50\u7b97\u7684\u80a1\u4efd\u916c\u91d1\u958b\u652f\u8a08\u7b97 (b) \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387\u4e43\u6309\u7d93\u8abf\u6574\u7684EBITDA\u9664\u4ee5\u6536\u5165\u8a08\u7b97 (c) \u73fe\u91d1\u6de8\u984d\u70ba\u671f\u672b\u9918\u984d\uff0c\u4e43\u6839\u64da\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u52a0\u5b9a\u671f\u5b58\u6b3e\u53ca\u5176\u4ed6(\u5305\u62ec\u70ba\u8cc7\u91d1\u7ba1\u7406\u76ee\u7684\u800c\u6301\u6709\u7684\u9ad8\u6d41\u52d5\u6027\u6295\u8cc7\u7522\u54c1)\uff0c\u6e1b\u501f\u6b3e\u53ca\u00a0 \u00a0 \u00a0\u61c9\u4ed8\u7968\u64da\u8a08\u7b97 (d) \u8cc7\u672c\u958b\u652f\u4e3b\u8981\u5305\u62ec\u5c0d\u4fe1\u606f\u6280\u8853\u57fa\u790e\u8a2d\u65bd(\u5305\u62ec\u96fb\u8166\u8a2d\u5099\u3001\u96f6\u914d\u4ef6\u53ca\u8edf\u4ef6)\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u571f\u5730\u4f7f\u7528\u6b0a\u3001\u8fa6\u516c\u5712\u5340\u53ca\u77e5\u8b58\u7522\u6b0a(\u4e0d\u5305\u62ec\u5a92\u00a0 \u00a0 \u00a0\u9ad4\u5167\u5bb9)\u7684\u6295\u5165 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 \u7d93\u5be9\u6838 \u65bc2026\u5e743\u670831\u65e5 \u65bc2025\u5e7412\u670831\u65e5 \u8cc7\u7522 \u975e\u6d41\u52d5\u8cc7\u7522 \u2003\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750 165,666 149,905 \u2003\u571f\u5730\u4f7f\u7528\u6b0a 22,122 22,339 \u2003\u4f7f\u7528\u6b0a\u8cc7\u7522 17,353 17,367 \u2003\u5728\u5efa\u5de5\u7a0b 5,719 9,670 \u2003\u6295\u8cc7\u7269\u696d 1,131 950 \u2003\u7121\u5f62\u8cc7\u7522 199,008 205,999 \u2003\u65bc\u806f\u71df\u516c\u53f8\u7684\u6295\u8cc7 330,532 342,409 \u2003\u65bc\u5408\u71df\u516c\u53f8\u7684\u6295\u8cc7 6,374 6,303 \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522 208,887 207,157 \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522 298,052 356,640 \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522 45,424 24,540 \u5176\u4ed6\u91d1\u878d\u8cc7\u7522 1,084 1,327 \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8cc7\u7522 29,698 28,618 \u2003\u5b9a\u671f\u5b58\u6b3e 73,404 70,302 1,404,454 1,443,526 \u6d41\u52d5\u8cc7\u7522 \u2003\u5b58\u8ca8 582 530 \u2003\u61c9\u6536\u8cec\u6b3e 58,116 49,930 \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522 117,147 111,270 \u2003\u5176\u4ed6\u91d1\u878d\u8cc7\u7522 3,779 4,201 \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522 27,627 35,929 \u00a0 \u00a0\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u00a0 \u00a0 \u00a0 \u00a0 \u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522 8,781 8,781 \u2003\u5b9a\u671f\u5b58\u6b3e 205,537 236,801 \u2003\u53d7\u9650\u5236\u73fe\u91d1 7,597 6,977 \u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269 217,770 141,041 646,936 595,460 \u8cc7\u7522\u7e3d\u984d 2,051,390 2,038,986 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868(\u7e8c\u4e0a) \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u7d93\u5be9\u6838 \u65bc2026\u5e74 \u65bc2025\u5e74 3\u670831\u65e5 12\u670831\u65e5 \u6b0a\u76ca \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6b0a\u76ca \u2003\u80a1\u672c - - \u2003\u80a1\u672c\u6ea2\u50f9 68,575 63,796 \u2003\u5eab\u5b58\u80a1 (1,060) (3,450) \u00a0 \u00a0 \u80a1\u4efd\u734e\u52f5\u8a08\u5283\u6240\u6301\u80a1\u4efd (8,605) (7,124) \u2003\u5176\u4ed6\u5132\u5099 7,640 90,494 \u2003\u4fdd\u7559\u76c8\u5229 1,061,102 1,010,436 1,127,652 1,154,152 \u975e\u63a7\u5236\u6027\u6b0a\u76ca 83,975 86,913 \u6b0a\u76ca\u7e3d\u984d 1,211,627 1,241,065 \u8ca0\u50b5 \u975e\u6d41\u52d5\u8ca0\u50b5 \u2003\u501f\u6b3e 207,881 208,369 \u2003\u61c9\u4ed8\u7968\u64da 124,350 126,204 \u2003\u9577\u671f\u61c9\u4ed8\u6b3e\u9805 10,752 10,544 \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5 3,679 2,879 \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8ca0\u50b5 23,591 21,684 \u2003\u79df\u8cc3\u8ca0\u50b5 13,074 13,280 \u2003\u905e\u5ef6\u6536\u5165 2,564 2,210 385,891 385,170 \u6d41\u52d5\u8ca0\u50b5 \u2003\u61c9\u4ed8\u8cec\u6b3e 141,748 121,127 \u2003\u5176\u4ed6\u61c9\u4ed8\u6b3e\u9805\u53ca\u9810\u63d0\u8cbb\u7528 81,153 96,496 \u2003\u501f\u6b3e 51,114 42,618 \u00a0 \u00a0 \u61c9\u4ed8\u7968\u64da 3,460 10,542 \u2003\u6d41\u52d5\u6240\u5f97\u7a05\u8ca0\u50b5 19,961 18,558 \u00a0 \u00a0 \u5176\u4ed6\u7a05\u9805\u8ca0\u50b5 6,130 3,723 \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5 3,355 3,992 \u2003\u79df\u8cc3\u8ca0\u50b5 5,632 5,386 \u00a0 \u00a0 \u905e\u5ef6\u6536\u5165 141,319 110,309 453,872 412,751 \u8ca0\u50b5\u7e3d\u984d 839,763 797,921 \u6b0a\u76ca\u53ca\u8ca0\u50b5\u7e3d\u984d 2,051,390 2,038,986 \u00a0 \u00a0 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u8207\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u88fd\u7684\u6700\u8fd1\u8a08\u91cf\u4e4b\u9593\u7684\u8abf\u7bc0 \u5df2\u5831\u544a \u8abf\u6574 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247 \u4eba\u6c11\u5e63\u767e\u842c\u5143\u767e\u5206\u6bd4\u9664\u5916 \u80a1\u4efd\u916c\u91d1 (a) \u4f86\u81ea\u6295\u8cc7\u516c\u53f8\u7684(\u6536\u76ca)\\\/\u8667\u640d\u6de8\u984d (b) \u7121\u5f62\u8cc7\u7522\u6524\u92b7 (c) \u6e1b\u503c\u64a5\u5099\\\/(\u64a5\u56de) (d) SSV\u53caCPP (e) \u6240\u5f97\u7a05\u5f71\u97ff (f) \u672a\u7d93\u5be9\u6838\u622a\u81f3 2026 \u5e74 3 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708 \u7d93\u71df\u76c8\u5229 67,375 6,534 \u2013 1,578 \u2013 140 \u2013 75,627 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\\\/ (\u8667\u640d)\u00a0 \u6de8\u984d 3,620 810 817 1,612 264 \u2013 \u2013 7,123 \u671f\u5167\u76c8\u5229 59,392 7,344 (3,255) 3,190 2,467 765 (130) 69,773 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 58,093 7,193 (3,342) 2,862 2,397 765 (63) 67,905 \u7d93\u71df\u5229\u6f64\u7387 34\u00a0% 38\u00a0% \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e743 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708 \u7d93\u71df\u76c8\u5229 57,566 10,100 \u2013 1,515 \u2013 139 \u2013 69,320 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\\\/ (\u8667\u640d)\u6de8\u984d 4,581 968 111 1,713 267 \u2013 \u2013 7,640 \u671f\u5167\u76c8\u5229 49,725 11,068 (31) 3,228 (689) 160 (769) 62,692 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 47,821 10,833 1,081 2,854 (719) 160 (701) 61,329 \u7d93\u71df\u5229\u6f64\u7387 32\u00a0% 39\u00a0% \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e7412\u6708 31 \u65e5\u6b62\u4e09\u500b\u6708 \u7d93\u71df\u76c8\u5229 60,338 7,210 \u2013 1,594 \u2013 376 \u2013 69,518 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\\\/ (\u8667\u640d)\u6de8\u984d 6,832 773 (26) 1,522 46 \u2013 \u2013 9,147 \u671f\u5167\u76c8\u5229 59,089 7,983 (7,479) 3,116 3,617 1,338 (953) 66,711 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 58,260 7,902 (7,515) 2,793 2,812 1,338 (896) 64,694 \u7d93\u71df\u5229\u6f64\u7387 31\u00a0% 36\u00a0% \u00a0 \u9644\u8a3b: (a) \u5305\u62ec\u6388\u4e88\u6295\u8cc7\u516c\u53f8\u50f1\u54e1\u7684\u8a8d\u6cbd\u671f\u6b0a(\u53ef\u7531\u672c\u96c6\u5718\u6536\u8cfc\u7684\u6295\u8cc7\u516c\u53f8\u7684\u80a1\u4efd\u53ca\u6839\u64da\u5176\u80a1\u4efd\u734e\u52f5\u8a08\u5283\u800c\u767c\u884c\u7684\u80a1\u4efd)\u53ca\u5176\u4ed6\u734e\u52f5 (b) \u5305\u62ec\u8996\u540c\u8655\u7f6e\\\/\u8655\u7f6e\u6295\u8cc7\u516c\u53f8\u3001\u6295\u8cc7\u516c\u53f8\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5\u7684(\u6536\u76ca)\\\/\u8667\u640d\u6de8\u984d\u4ee5\u53ca\u8207\u6295\u8cc7\u516c\u53f8\u80a1\u6b0a\u4ea4\u6613\u76f8\u95dc\u7684\u5176\u4ed6\u958b\u652f (c) \u56e0\u6536\u8cfc\u7522\u751f\u7684\u7121\u5f62\u8cc7\u7522\u6524\u92b7 (d) \u4e3b\u8981\u5305\u62ec\u65bc\u806f\u71df\u516c\u53f8\u3001\u5408\u71df\u516c\u53f8\u3001\u5546\u8b7d\u53ca\u6536\u8cfc\u7522\u751f\u7684\u5176\u4ed6\u7121\u5f62\u8cc7\u7522\u7684\u6e1b\u503c\u64a5\u5099\\\/(\u64a5\u56de) (e) \u4e3b\u8981\u5305\u62ec\u672c\u96c6\u5718\u53ef\u6301\u7e8c\u793e\u6703\u50f9\u503c\u53ca\u5171\u540c\u5bcc\u88d5\u8a08\u5283\u9805\u76ee\u6240\u7522\u751f\u7684\u6350\u6b3e\u53ca\u958b\u652f (f) \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u7684\u6240\u5f97\u7a05\u5f71\u97ff \u00a0 \u00a0\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317#breadcrumb\"},\"inLanguage\":\"zh-TW\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-TW\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317#primaryimage\",\"url\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/logo-150.png\",\"contentUrl\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/logo-150.png\",\"width\":\"3000\",\"height\":\"1990\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?p=435317#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9801\",\"item\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#website\",\"url\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/\",\"name\":\"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\",\"description\":\"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831PingtungTimes\uff0c\u6700\u95dc\u5fc3\u5728\u5730\u7684\u5a92\u9ad4\",\"publisher\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-TW\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#organization\",\"name\":\"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\",\"url\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-TW\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/logo-150.png\",\"contentUrl\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/logo-150.png\",\"width\":150,\"height\":150,\"caption\":\"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831\"},\"image\":{\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/pingtungnews\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/#\\\/schema\\\/person\\\/683b937f29ec1537972f6c41e22a2cf3\",\"name\":\"\u7f8e\u901a\u793e\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-TW\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6c21e24ce33ca5d4572e343395adac2bbef44ff7035a74ea2cab2443c7f0a5f3?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6c21e24ce33ca5d4572e343395adac2bbef44ff7035a74ea2cab2443c7f0a5f3?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6c21e24ce33ca5d4572e343395adac2bbef44ff7035a74ea2cab2443c7f0a5f3?s=96&d=blank&r=g\",\"caption\":\"\u7f8e\u901a\u793e\"},\"url\":\"https:\\\/\\\/pingtungtimes.com.tw\\\/?author=16\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831","description":"\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210\u679c\u51f8\u986f AI\u8ce6\u80fd\u4e3b\u696d\u7a69\u5065\u589e\u9577 \u9999\u6e2f2026\u5e745\u670813\u65e5 \/\u7f8e\u901a\u793e\/ --\u00a0\u4e16\u754c\u9818\u5148\u7684\u4e92\u806f\u7db2\u79d1\u6280\u516c\u53f8\u2014\u2014\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u6e2f\u4ea4\u6240\u4ee3\u78bc:00700(\u6e2f\u5e63\u6ac3\u53f0)\u53ca80700(\u4eba\u6c11\u5e63\u6ac3\u53f0)\uff0c\u300c\u9a30\u8a0a\u300d\u6216\u300c\u672c\u516c\u53f8\u300d)\u4eca\u5929\u516c\u4f48\u622a\u81f3\u4e8c\u96f6\u4e8c\u516d\u5e74\u4e09\u6708\u4e09\u5341\u4e00\u65e5\u6b62\u7b2c\u4e00\u5b63(\u300c1Q2026\u300d)\u672a\u7d93\u5be9\u6838\u7d9c\u5408\u696d\u7e3e\u3002 \u8463\u4e8b\u6703\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u99ac\u5316\u9a30\u8868\u793a:\u300c\u4e8c\u96f6\u4e8c\u516d\u5e74\u4f0a\u59cb\uff0c\u6211\u5011\u5728\u65b0AI\u7522\u54c1\u4e0a\u53d6\u5f97\u4e86\u986f\u8457\u7a81\u7834\uff0c\u4e26\u6301\u7e8c\u4ee5AI\u8ce6\u80fd\u6838\u5fc3\u696d\u52d9\u589e\u9577\u3002\u91cd\u7d44\u5f8c\u7684AI\u7814\u767c\u5718\u968a\u91cd\u69cb\u4e86AI\u57fa\u790e\u8a2d\u65bd\uff0c\u642d\u5efa\u4e86Hy3 preview\u6a21\u578b\uff0c\u5728\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u6027\u80fd\u9818\u5148\uff0c\u517c\u5177\u5be6\u7528\u6027\u8207\u6027\u50f9\u6bd4\uff1b\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u5176\u5728OpenRouter\u7684token\u6d88\u8017\u91cf\u6392\u884c\u699c\u4e0a\u7a69\u5c45\u524d\u5217\u3002\u6211\u5011\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5df2\u521d\u898b\u6210\u6548\uff0c\u6211\u5011\u76f8\u4fe1\uff0cWorkBuddy\u76ee\u524d\u662f\u4e2d\u570b\u4f7f\u7528\u6700\u5ee3\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002\u540c\u6642\uff0c\u6211\u5011\u7684\u6838\u5fc3\u696d\u52d9\u5728\u7528\u6236\u7c98\u6027\u3001\u6536\u5165\u53ca\u76c8\u5229\u4e0a\u6301\u7e8c\u589e\u9577\uff0c\u65e2\u70baAI\u6295\u5165\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u73fe\u91d1\u6d41\u652f\u6301\uff0c\u4e5f\u70baAI\u7684\u843d\u5730\u61c9\u7528\u5960\u5b9a\u4e86\u8c50\u5bcc\u7684\u5834\u666f\u57fa\u790e\u3002\u300d 1Q2026\u8ca1\u52d9\u6458\u8981 \u7e3d\u6536\u5165:\u540c\u6bd4\u589e\u95779%\uff0c\u6bdb\u5229:\u540c\u6bd4\u589e\u957711%\uff0c\u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7684\u7d93\u71df\u76c8\u5229:\u540c\u6bd4\u589e\u95779%   \u7e3d\u6536\u5165\u70ba\u4eba\u6c11\u5e631,965\u5104\u5143\uff0c\u8f03\u4e8c\u96f6\u4e8c\u4e94\u5e74\u7b2c\u4e00\u5b63(\u300c\u540c\u6bd4\u300d)\u589e\u95779%\u3002  \u6bdb\u5229\u70ba\u4eba\u6c11\u5e631,113\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002  \u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\uff0c\u6487\u9664\u82e5\u5e72\u4e00\u6b21\u6027\u53ca\/\u6216\u975e\u73fe\u91d1\u9805\u76ee\u7684\u5f71\u97ff\uff0c\u4ee5\u9ad4\u73fe\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63756\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95779%; \u7d93\u71df\u5229\u6f64\u7387\u70ba38.5%\uff0c\u8f03\u53bb\u5e74\u6301\u5e73\u3002   \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63844\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768439.9%\u63d0\u5347\u81f343.0%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63698\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63679\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.517\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.364\u5143\u3002      \u6309\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63674\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768432.0%\u63d0\u5347\u81f334.3%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63594\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957719%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63581\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957721%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.431\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.302\u5143\u3002      \u8cc7\u672c\u958b\u652f\u70ba\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u540c\u6bd4\u589e\u52a016%\u3002  \u7e3d\u73fe\u91d1\u70ba\u4eba\u6c11\u5e63 5,337 \u5104\u5143\uff0c\u540c\u6bd4\u589e\u957712%\u3002\u81ea\u7531\u73fe\u91d1\u6d41\u70ba\u4eba\u6c11\u5e63567\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957720%\u3002\u73fe\u91d1\u6de8\u984d\u70ba\u4eba\u6c11\u5e631,469\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957763%\u3002  \u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e635,471\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e636,727\u5104\u5143\u3002\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u975e\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,651\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,631\u5104\u5143\u3002  1Q2026\uff0c\u672c\u516c\u53f8\u65bc\u9999\u6e2f\u806f\u4ea4\u6240\u4ee5\u7d0476\u5104\u6e2f\u5143\u7684\u7e3d\u4ee3\u50f9\u56de\u8cfc\u7d041,265\u842c\u80a1\u80a1\u4efd\u3002            \u5254\u9664\u65b0AI\u7522\u54c1(Hy\u3001\u5143\u5bf6\u3001CodeBuddy\u3001WorkBuddy\u53caQClaw)\u4e4b\u6536\u5165\u3001\u6210\u672c\u53ca\u958b\u652f         \u5305\u62ec\u900f\u904e\u7279\u6b8a\u76ee\u7684\u516c\u53f8\u6301\u6709\u7684\u6b0a\u76ca\uff0c\u4e14\u6309\u61c9\u4f54\u57fa\u6e96\u8a08        1Q2026\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790  \u589e\u503c\u670d\u52d91Q2026\u6536\u5165\u540c\u6bd4\u589e\u95774%\u81f3\u4eba\u6c11\u5e63961\u5104\u5143\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63454\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95776%\uff0c\u6536\u5165\u589e\u901f\u6eef\u5f8c\u65bc\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u589e\u901f\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u5c0e\u81f4\u66f4\u591a\u6536\u5165\u905e\u5ef6\u81f3\u672c\u5b63\u4e4b\u5f8c\u78ba\u8a8d\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u540c\u6bd4\u589e\u9577\u5341\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u56e0\u53d7\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u7b49\u73fe\u6709\u9577\u9752\u904a\u6232\uff0c\u4ee5\u53ca\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b(\u8fd1\u671f\u5df2\u8e8b\u8eab\u9577\u9752\u904a\u6232\u4e4b\u5217) \u3001\u300a\u7121\u754f\u5951\u7d04\uff1a\u6e90\u80fd\u884c\u52d5\u300b\u7b49\u8fd1\u671f\u767c\u4f48\u904a\u6232\u7684\u63a8\u52d5\u3002\u570b\u969b\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63188\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957713%(\u6309\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u70ba14%)\uff0c\u589e\u9577\u4e3b\u8981\u7531\u300a\u90e8\u843d\u885d\u7a81\uff1a\u7687\u5ba4\u6230\u722d\u300b\u3001\u300a\u9cf4\u6f6e\u300b\u53ca\u300a\u7121\u754f\u5951\u7d04\u300b\u500b\u4eba\u96fb\u8166\u7aef\u6240\u5e36\u52d5\u3002\u793e\u4ea4\u7db2\u7d61\u6536\u5165\u540c\u6bd4\u4e0b\u964d2%\u81f3\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u4ee41Q2026\u78ba\u8a8d\u7684\u672c\u571f\u5e02\u5834\u624b\u6a5f\u904a\u6232\u61c9\u7528\u9053\u5177\u92b7\u552e\u6536\u5165\u8f031Q2025\u6e1b\u5c11\u3002 \u71df\u92b7\u670d\u52d91Q2026\u6536\u5165\u70ba\u4eba\u6c11\u5e63382\u5104\u5143\uff0c\u540c\u6bd4\u589e\u901f\u75314Q2025\u768417%\u63d0\u5347\u81f3\u672c\u5b63\u768420%\u3002\u6211\u5011\u5347\u7d1a\u4e86AI\u9a45\u52d5\u7684\u5ee3\u544a\u63a8\u85a6\u6a21\u578b\uff0c\u64f4\u5c55\u4e86\u5fae\u4fe1\u751f\u614b\u5167\u7684\u9589\u74b0\u71df\u92b7\u80fd\u529b\uff0c\u5f9e\u800c\u6539\u5584\u4e86\u5ee3\u544a\u6548\u679c\uff0c\u63d0\u5347\u4e86\u5ee3\u544a\u55ae\u50f9\u3002\u5927\u591a\u6578\u4e3b\u8981\u884c\u696d\u7684\u5ee3\u544a\u4e3b\u6295\u653e\u672c\u5b63\u5ea6\u5747\u6709\u589e\u9577\uff0c\u5176\u4e2d\u4e92\u806f\u7db2\u670d\u52d9\u3001\u96fb\u5546\u548c\u904a\u6232\u884c\u696d\u7684\u589e\u9577\u5c24\u5176\u986f\u8457\u3002 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d91Q2026\u7684\u6536\u5165\u540c\u6bd4\u589e\u95779%\u81f3\u4eba\u6c11\u5e63599\u5104\u5143\u3002\u91d1\u878d\u79d1\u6280\u670d\u52d9\u6536\u5165\u589e\u9577\u4e3b\u8981\u7531\u5546\u696d\u652f\u4ed8\u53ca\u7406\u8ca1\u670d\u52d9\u6536\u5165\u7684\u589e\u9577\u9a45\u52d5\u3002\u4f01\u696d\u670d\u52d9\u6536\u5165\u540c\u6bd4\u589e\u957720%\uff0c\u5176\u4e2d\u5f97\u76ca\u65bc\u570b\u5167\u8207\u6d77\u5916\u5e02\u5834\u9700\u6c42\u63d0\u5347(\u5305\u62ecAI\u76f8\u95dc\u670d\u52d9)\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u5b9a\u50f9\u74b0\u5883\u5171\u540c\u63a8\u52d5\u4e86\u96f2\u670d\u52d9\u6536\u5165\u589e\u9577\uff0c\u53ca\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u4e0a\u5347\u800c\u5e36\u52d5\u5546\u5bb6\u6280\u8853\u670d\u52d9\u8cbb\u6536\u5165\u589e\u9577\u3002 \u7d93\u71df\u6578\u64da             \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e743\u670831\u65e5   \u540c\u6bd4\u8b8a\u52d5   \u65bc2025\u5e7412\u670831\u65e5   \u74b0\u6bd4\u8b8a\u52d5           (\u767e\u842c\u8a08\uff0c\u53e6\u6709\u6307\u660e\u8005\u9664\u5916)        \u5fae\u4fe1\u53caWeChat\u7684\u5408\u4f75\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   1,432   1,402   2\u00a0%   1,418   1\u00a0%                               QQ\u7684\u79fb\u52d5\u7d42\u7aef\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   516   534   -3\u00a0%   508   2\u00a0%                               \u6536\u8cbb\u589e\u503c\u670d\u52d9\u8a02\u95b1\u6703\u54e1\u6578   266   268   -0.7\u00a0%   267   -0.4\u00a0%        1Q2026\u696d\u52d9\u56de\u9867\u53ca\u5c55\u671b   \u6211\u5011\u591a\u6b3e\u9577\u9752\u904a\u6232\u5728\u672c\u5b63\u6d41\u6c34\u5275\u4e0b\u65b0\u9ad8\uff0c\u5305\u62ec\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u548c\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b\uff0c\u65b0\u904a\u6232\u300a\u6d1b\u514b\u738b\u570b\uff1a\u4e16\u754c\u300b\u4e5f\u5927\u53d7\u6b61\u8fce\u3002  \u6211\u5011\u7684\u667a\u80fd\u6295\u653e\u7522\u54c1\u77e9\u9663\u9a30\u8a0a\u71df\u92b7AIM+\u8ce6\u80fd\u4e86\u5ee3\u544a\u4e3b\u71df\u92b7\u670d\u52d9\u6295\u653e\u91d1\u984d\u7684\u7d0430%\uff0c\u4e26\u5728\u5c0f\u904a\u6232\u3001\u77ed\u5287\u548c\u5fae\u4fe1\u5c0f\u5e97\u5ee3\u544a\u4e3b\u4e2d\u7372\u5f97\u4e86\u5ee3\u6cdb\u61c9\u7528\u3002  \u6211\u5011\u64f4\u5927\u4e86\u8996\u983b\u865f\u5167\u5bb9\u63a8\u85a6\u6a21\u578b\u53c3\u6578\u898f\u6a21\u4e26\u512a\u5316\u4e86\u6a21\u578b\u7b97\u6cd5\uff0c\u5411\u7528\u6236\u63a8\u9001\u66f4\u76f8\u95dc\u7684\u5167\u5bb9\u3002\u8996\u983b\u865f\u7e3d\u7528\u6236\u4f7f\u7528\u6642\u9577\u540c\u6bd4\u589e\u9577\u8d85\u904e20%\u3002  \u6211\u5011\u70ba\u5fae\u4fe1\u5c0f\u5e97\u54c1\u724c\u5546\u5bb6\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4e26\u5411\u8cc7\u6df1\u8cb7\u5bb6\u63a8\u51fa\u4e86\u512a\u60e0\u5238\u5206\u4eab\u529f\u80fd\uff0c\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u7dad\u6301\u5feb\u901f\u7684\u540c\u6bd4\u589e\u9577\u3002  \u5546\u696d\u652f\u4ed8\u91d1\u984d\u540c\u6bd4\u589e\u901f\u8f034Q2025\u63d0\u5347\uff0c\u53d7\u76ca\u65bc\u4ea4\u6613\u7b46\u6578\u6301\u7e8c\u589e\u9577\uff0c\u4ee5\u53ca\u96f6\u552e\u8207\u9910\u98f2\u670d\u52d9\u7b49\u54c1\u985e\u7684\u7b46\u5747\u4ea4\u6613\u91d1\u984d\u4e0a\u5347\u3002  \u9a30\u8a0a\u96f2\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5be6\u73fe\u4e86\u5feb\u901f\u7684\u589e\u9577\u8207\u5065\u5eb7\u7684\u7559\u5b58\u7387\u3002\u5176\u4e2d\uff0c\u4ee5\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8a08\uff0cWorkBuddy\u5df2\u6210\u70ba\u4e2d\u570b\u6700\u53d7\u6b61\u8fce\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002  \u56db\u6708\u6211\u5011\u767c\u4f48\u4e86\u57fa\u65bc\u91cd\u69cb\u5f8c\u7684AI\u57fa\u790e\u8a2d\u65bd\u4e0a\u642d\u5efa\u7684Hy3 preview\u5927\u8a9e\u8a00\u6a21\u578b\u3002\u6211\u5011\u76f8\u4fe1Hy3 preview\u5728\u63a8\u7406\u3001\u667a\u80fd\u9ad4\u548c\u4ee3\u78bc\u7684\u80fd\u529b\u4e0a\uff0c\u70ba\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u8868\u73fe\u6700\u4f73\u7684\u3002\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u4ee5token\u6d88\u8017\u91cf\u8a08\uff0c\u5176\u5df2\u6210\u70baOpenRouter\u4e0a\u6700\u5ee3\u53d7\u4f7f\u7528\u7684\u6a21\u578b\u3002  \u6709\u95dc\u66f4\u8a73\u7d30\u7684\u62ab\u9732\uff0c\u8acb\u700f\u89bdhttps:\/\/www.tencent.com\/zh-hk\/investors.html\u6216\u901a\u904e\u5fae\u4fe1\u516c\u773e\u865f(\u5fae\u4fe1\u865f:TencentGlobal)\u5173\u6ce8\u6211\u4eec\u3002           \u5b63\u5ea6\u8a02\u95b1\u6703\u54e1\u6578\u7684\u65e5\u5747\u503c         \u9577\u9752\u904a\u6232\u6307\u65bc\u672c\u571f\u53ca\u570b\u969b\u5e02\u5834\uff0c\u5b63\u5ea6\u5e73\u5747\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8d85\u904e500\u842c\u7684\u624b\u904a\u6216\u8d85\u904e200\u842c\u7684\u500b\u4eba\u96fb\u8166\u904a\u6232\uff0c\u4e14\u5e74\u6d41\u6c34\u8d85\u904e\u4eba\u6c11\u5e6340 \u5104\u5143        \u95dc\u65bc\u9a30\u8a0a \u9a30\u8a0a\u4ee5\u6280\u8853\u8c50\u5bcc\u4e92\u806f\u7db2\u7528\u6236\u7684\u751f\u6d3b\u3002 \u901a\u904e\u901a\u4fe1\u53ca\u793e\u4ea4\u670d\u52d9\u5fae\u4fe1\u548cQQ\uff0c\u4fc3\u9032\u7528\u6236\u4e92\u76f8\u9023\u63a5\uff0c\u4e26\u52a9\u5176\u9023\u63a5\u6578\u5b57\u5167\u5bb9\u3001\u7db2\u4e0a\u53ca\u7dda\u4e0b\u670d\u52d9\u3002\u901a\u904e\u5b9a\u5411\u71df\u92b7\u670d\u52d9\uff0c\u52a9\u529b\u5ee3\u544a\u4e3b\u89f8\u9054\u6578\u4ee5\u5104\u8a08\u7684\u4e2d\u570b\u6d88\u8cbb\u8005\u3002\u901a\u904e\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9\uff0c\u4fc3\u9032\u5408\u4f5c\u5925\u4f34\u696d\u52d9\u589e\u9577\uff0c\u52a9\u529b\u5be6\u73fe\u6578\u5b57\u5316\u5347\u7d1a\u3002 \u9a30\u8a0a\u5927\u529b\u6295\u8cc7\u65bc\u4eba\u624d\u968a\u4f0d\u548c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\uff0c\u7a4d\u6975\u53c3\u8207\u4e92\u806f\u7db2\u884c\u696d\u5354\u540c\u767c\u5c55\u3002\u9a30\u8a0a\u65bc1998\u5e74\u5728\u4e2d\u570b\u6df1\u5733\u6210\u7acb\uff0c\u9a30\u8a0a2004\u5e74\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u4e0a\u5e02\u3002 \u6295\u8cc7\u8005\u67e5\u8a62:IR@tencent.com\u5a92\u9ad4\u67e5\u8a62:GC@tencent.com \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf \u70ba\u88dc\u5145\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718(\u300c\u672c\u516c\u53f8\u53ca\u5176\u9644\u5c6c\u516c\u53f8\u300d)\u7d9c\u5408\u696d\u7e3e\uff0c\u82e5\u5e72\u984d\u5916\u7684\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf(\u7d93\u71df\u76c8\u5229\u3001\u7d93\u71df\u5229\u6f64\u7387\u3001\u671f\u5167\u76c8\u5229\u3001\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u3001\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u53ca\u6bcf\u80a1\u6524\u8584\u76c8\u5229)\u5df2\u65bc\u672c\u516c\u4f48\u5167\u5448\u5217\u3002\u6b64\u7b49\u672a\u7d93\u5be9\u6838\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u61c9\u88ab\u8996\u70ba\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718\u8ca1\u52d9\u696d\u7e3e\u7684\u88dc\u5145\u800c\u975e\u66ff\u4ee3\u8a08\u91cf\u3002\u6b64\u5916\uff0c\u6b64\u7b49\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u7684\u5b9a\u7fa9\u53ef\u80fd\u8207\u5176\u4ed6\u516c\u53f8\u6240\u7528\u7684\u985e\u4f3c\u8a5e\u5f59\u6709\u6240\u4e0d\u540c\u3002 \u672c\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u76f8\u4fe1\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u85c9\u6392\u9664\u82e5\u5e72\u975e\u73fe\u91d1\u9805\u76ee\u53ca\u6295\u8cc7\u76f8\u95dc\u4ea4\u6613\u7684\u82e5\u5e72\u5f71\u97ff\u70ba\u6295\u8cc7\u8005\u8a55\u4f30\u672c\u96c6\u5718\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e\u63d0\u4f9b\u6709\u7528\u7684\u88dc\u5145\u8cc7\u6599\u3002\u6b64\u5916\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u5305\u62ec\u672c\u96c6\u5718\u4e3b\u8981\u806f\u71df\u516c\u53f8\u7684\u76f8\u95dc\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\uff0c\u6b64\u4e43\u57fa\u65bc\u76f8\u95dc\u4e3b\u8981\u806f\u71df\u516c\u53f8\u53ef\u7372\u5f97\u7684\u5df2\u516c\u4f48\u8ca1\u52d9\u8cc7\u6599\u6216\u672c\u516c\u53f8\u7ba1\u7406\u5c64\u6839\u64da\u6240\u7372\u5f97\u7684\u8cc7\u6599\u3001\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\u6240\u4f5c\u51fa\u7684\u4f30\u8a08\u3002 \u91cd\u8981\u6ce8\u610f\u4e8b\u9805 \u672c\u65b0\u805e\u7a3f\u8f09\u6709\u524d\u77bb\u6027\u9673\u8ff0\uff0c\u6d89\u53ca\u672c\u96c6\u5718\u7684\u696d\u52d9\u5c55\u671b\u3001\u8ca1\u52d9\u8868\u73fe\u4f30\u8a08\u3001\u9810\u6e2c\u696d\u52d9\u8a08\u5283\u53ca\u589e\u9577\u7b56\u7565\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u672c\u96c6\u5718\u73fe\u6709\u7684\u8cc7\u6599\uff0c\u4ea6\u6309\u672c\u65b0\u805e\u7a3f\u520a\u767c\u4e4b\u6642\u7684\u5c55\u671b\u70ba\u57fa\u6e96\uff0c\u5728\u672c\u65b0\u805e\u7a3f\u5167\u8f09\u5217\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\uff0c\u7576\u4e2d\u6709\u4e9b\u6d89\u53ca\u4e3b\u89c0\u56e0\u7d20\u6216\u4e0d\u53d7\u6211\u5011\u63a7\u5236\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6216\u6703\u8b49\u660e\u70ba\u4e0d\u6b63\u78ba\u53ca\u53ef\u80fd\u4e0d\u6703\u5728\u5c07\u4f86\u5be6\u73fe\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6d89\u53ca\u8a31\u591a\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\u3002\u9451\u65bc\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\uff0c\u672c\u65b0\u805e\u7a3f\u5167\u6240\u8f09\u5217\u7684\u524d\u77bb\u6027\u9673\u8ff0\u4e0d\u61c9\u8996\u70ba\u8463\u4e8b\u6703\u6216\u672c\u516c\u53f8\u8072\u660e\u8a72\u7b49\u8a08\u5283\u53ca\u76ee\u6a19\u5c07\u6703\u5be6\u73fe\uff0c\u6545\u6295\u8cc7\u8005\u4e0d\u61c9\u904e\u65bc\u501a\u8cf4\u8a72\u7b49\u9673\u8ff0\u3002 \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)           \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        \u6536\u5165   196,458   180,022   194,371        \u00a0\u00a0\u00a0 \u589e\u503c\u670d\u52d9   96,110   92,133   89,920        \u00a0\u00a0\u00a0 \u71df\u92b7\u670d\u52d9   38,171   31,853   41,116        \u00a0\u00a0\u00a0 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9   59,885   54,907   60,818        \u00a0\u00a0\u00a0 \u5176\u4ed6   2,292   1,129   2,517        \u6536\u5165\u6210\u672c   (85,193)   (79,529)   (86,082)        \u6bdb\u5229   111,265   100,493   108,289        \u6bdb\u5229\u7387   57\u00a0%   56\u00a0%   56\u00a0%        \u92b7\u552e\u53ca\u5e02\u5834\u63a8\u5ee3\u958b\u652f   (11,343)   (7,866)   (12,983)        \u4e00\u822c\u53ca\u884c\u653f\u958b\u652f   (33,800)   (33,664)   (36,283)        \u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d   1,253   (1,397)   1,315        \u7d93\u71df\u76c8\u5229   67,375   57,566   60,338        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%   32\u00a0%   31\u00a0%        \u6295\u8cc7\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\u53ca\u5176\u4ed6   1,928   1,407   3,303        \u5229\u606f\u6536\u5165   4,025   3,748   4,784        \u8ca1\u52d9\u6210\u672c   (2,979)   (3,860)   (3,573)        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229(\u8667\u640d)\/\u6de8\u984d   3,620   4,581   6,832        \u9664\u7a05\u524d\u76c8\u5229   73,969   63,442   71,684        \u6240\u5f97\u7a05\u958b\u652f   (14,577)   (13,717)   (12,595)        \u671f\u5167\u76c8\u5229   59,392   49,725   59,089                         \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:           \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba   58,093   47,821   58,260        \u975e\u63a7\u5236\u6027\u6b0a\u76ca   1,299   1,904   829                         \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7d93\u71df\u76c8\u5229   75,627   69,320   69,518        \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   67,905   61,329   64,694                         \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6bcf\u80a1\u76c8\u5229(\u6bcf\u80a1\u4eba\u6c11\u5e63\u5143)                 - \u57fa\u672c   6.431   5.252   6.433        - \u6524\u8584   6.302   5.129   6.276        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u5168\u9762\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)              \u672a\u7d93\u5be9\u6838              1Q2026   1Q2025        \u671f\u5167\u76c8\u5229      59,392   49,725        \u5176\u4ed6\u5168\u9762\u6536\u76ca(\u9664\u7a05\u6de8\u984d):                 \u5176\u5f8c\u53ef\u80fd\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca   (222)   652        \u8655\u7f6e\u53ca\u8996\u540c\u8655\u7f6e\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5f8c\u5206\u4f54\u5176\u4ed6\u5168\u9762\u6536\u76ca\u8f49\u81f3\u640d\u76ca   135   -        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u00a0 \u91d1\u878d\u8cc7\u7522\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d   (60)   106        \u8655\u7f6e\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u5f8c\u8f49\u81f3\u640d\u76ca   (19)   1        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (13,883)   2,294        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (5)   (213)                         \u5176\u5f8c\u4e0d\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca      (330)   522        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u7684\u516c\u00a0 \u00a0\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d      (66,118)   26,361        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (2,887)   370        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (3)   6              (83,392)   30,099        \u671f\u5167\u5168\u9762\u6536\u76ca\u7e3d\u984d      (24,000)   79,824        \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba      (22,676)   75,858        \u975e\u63a7\u5236\u6027\u6b0a\u76ca      (1,324)   3,966        \u00a0 \u00a0          \u5176\u4ed6\u8ca1\u52d9\u8cc7\u6599        \u00a0 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)   \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        EBITDA (a)   84,167   73,817   77,126        \u7d93\u8abf\u6574\u7684EBITDA (a)   89,617   81,559   83,048        \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387 (b)   46\u00a0%   45\u00a0%   43\u00a0%        \u5229\u606f\u53ca\u76f8\u95dc\u958b\u652f   3,134   3,386   3,323        \u73fe\u91d1\u6de8\u984d (c)   146,860   90,229   107,145        \u8cc7\u672c\u958b\u652f (d)   31,936   27,476   19,632        \u00a0          \u9644\u8a3b        (a) EBITDA\u4e43\u6309\u7d93\u71df\u76c8\u5229\u6263\u9664\u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\uff0c\u52a0\u56de\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750\u3001\u6295\u8cc7\u7269\u696d\u53ca\u4f7f\u7528\u6b0a\u8cc7\u7522\u7684\u6298\u820a\u3001\u4ee5\u53ca\u7121\u5f62\u8cc7\u7522\u53ca\u571f\u5730\u00a0 \u00a0 \u00a0\u4f7f\u7528\u6b0a\u7684\u6524\u92b7\u8a08\u7b97\u3002\u7d93\u8abf\u6574\u7684EBITDA\u4e43\u6309EBITDA\u52a0\u6309\u6b0a\u76ca\u7d50\u7b97\u7684\u80a1\u4efd\u916c\u91d1\u958b\u652f\u8a08\u7b97        (b) \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387\u4e43\u6309\u7d93\u8abf\u6574\u7684EBITDA\u9664\u4ee5\u6536\u5165\u8a08\u7b97        (c) \u73fe\u91d1\u6de8\u984d\u70ba\u671f\u672b\u9918\u984d\uff0c\u4e43\u6839\u64da\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u52a0\u5b9a\u671f\u5b58\u6b3e\u53ca\u5176\u4ed6(\u5305\u62ec\u70ba\u8cc7\u91d1\u7ba1\u7406\u76ee\u7684\u800c\u6301\u6709\u7684\u9ad8\u6d41\u52d5\u6027\u6295\u8cc7\u7522\u54c1)\uff0c\u6e1b\u501f\u6b3e\u53ca\u00a0 \u00a0 \u00a0\u61c9\u4ed8\u7968\u64da\u8a08\u7b97        (d) \u8cc7\u672c\u958b\u652f\u4e3b\u8981\u5305\u62ec\u5c0d\u4fe1\u606f\u6280\u8853\u57fa\u790e\u8a2d\u65bd(\u5305\u62ec\u96fb\u8166\u8a2d\u5099\u3001\u96f6\u914d\u4ef6\u53ca\u8edf\u4ef6)\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u571f\u5730\u4f7f\u7528\u6b0a\u3001\u8fa6\u516c\u5712\u5340\u53ca\u77e5\u8b58\u7522\u6b0a(\u4e0d\u5305\u62ec\u5a92\u00a0 \u00a0 \u00a0\u9ad4\u5167\u5bb9)\u7684\u6295\u5165        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u7d93\u5be9\u6838           \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e7412\u670831\u65e5        \u8cc7\u7522                 \u975e\u6d41\u52d5\u8cc7\u7522                 \u2003\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750   165,666      149,905        \u2003\u571f\u5730\u4f7f\u7528\u6b0a   22,122      22,339        \u2003\u4f7f\u7528\u6b0a\u8cc7\u7522   17,353      17,367        \u2003\u5728\u5efa\u5de5\u7a0b   5,719      9,670        \u2003\u6295\u8cc7\u7269\u696d   1,131      950        \u2003\u7121\u5f62\u8cc7\u7522   199,008      205,999        \u2003\u65bc\u806f\u71df\u516c\u53f8\u7684\u6295\u8cc7   330,532      342,409        \u2003\u65bc\u5408\u71df\u516c\u53f8\u7684\u6295\u8cc7   6,374      6,303        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   208,887      207,157        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   298,052      356,640        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   45,424      24,540        \u5176\u4ed6\u91d1\u878d\u8cc7\u7522   1,084      1,327        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8cc7\u7522   29,698      28,618        \u2003\u5b9a\u671f\u5b58\u6b3e   73,404      70,302           1,404,454      1,443,526                         \u6d41\u52d5\u8cc7\u7522                 \u2003\u5b58\u8ca8   582      530        \u2003\u61c9\u6536\u8cec\u6b3e   58,116      49,930        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   117,147      111,270        \u2003\u5176\u4ed6\u91d1\u878d\u8cc7\u7522   3,779      4,201        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   27,627      35,929        \u00a0 \u00a0\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u00a0 \u00a0 \u00a0 \u00a0 \u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   8,781      8,781        \u2003\u5b9a\u671f\u5b58\u6b3e   205,537      236,801        \u2003\u53d7\u9650\u5236\u73fe\u91d1   7,597      6,977        \u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269   217,770      141,041                                  646,936      595,460        \u8cc7\u7522\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868(\u7e8c\u4e0a)                 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u7d93\u5be9\u6838            \u65bc2026\u5e74   \u65bc2025\u5e74           3\u670831\u65e5   12\u670831\u65e5        \u6b0a\u76ca                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6b0a\u76ca                 \u2003\u80a1\u672c   -      -        \u2003\u80a1\u672c\u6ea2\u50f9   68,575      63,796        \u2003\u5eab\u5b58\u80a1   (1,060)      (3,450)        \u00a0 \u00a0 \u80a1\u4efd\u734e\u52f5\u8a08\u5283\u6240\u6301\u80a1\u4efd   (8,605)      (7,124)        \u2003\u5176\u4ed6\u5132\u5099   7,640      90,494        \u2003\u4fdd\u7559\u76c8\u5229   1,061,102      1,010,436           1,127,652      1,154,152                         \u975e\u63a7\u5236\u6027\u6b0a\u76ca   83,975      86,913        \u6b0a\u76ca\u7e3d\u984d   1,211,627      1,241,065                         \u8ca0\u50b5                 \u975e\u6d41\u52d5\u8ca0\u50b5                 \u2003\u501f\u6b3e   207,881      208,369        \u2003\u61c9\u4ed8\u7968\u64da   124,350      126,204        \u2003\u9577\u671f\u61c9\u4ed8\u6b3e\u9805   10,752      10,544        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,679      2,879        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8ca0\u50b5   23,591      21,684        \u2003\u79df\u8cc3\u8ca0\u50b5   13,074      13,280        \u2003\u905e\u5ef6\u6536\u5165   2,564      2,210           385,891      385,170                         \u6d41\u52d5\u8ca0\u50b5                 \u2003\u61c9\u4ed8\u8cec\u6b3e   141,748      121,127        \u2003\u5176\u4ed6\u61c9\u4ed8\u6b3e\u9805\u53ca\u9810\u63d0\u8cbb\u7528   81,153      96,496        \u2003\u501f\u6b3e   51,114      42,618        \u00a0 \u00a0 \u61c9\u4ed8\u7968\u64da   3,460      10,542        \u2003\u6d41\u52d5\u6240\u5f97\u7a05\u8ca0\u50b5   19,961      18,558        \u00a0 \u00a0 \u5176\u4ed6\u7a05\u9805\u8ca0\u50b5   6,130      3,723        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,355      3,992        \u2003\u79df\u8cc3\u8ca0\u50b5   5,632      5,386        \u00a0 \u00a0 \u905e\u5ef6\u6536\u5165   141,319      110,309           453,872      412,751        \u8ca0\u50b5\u7e3d\u984d   839,763      797,921        \u6b0a\u76ca\u53ca\u8ca0\u50b5\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u8207\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u88fd\u7684\u6700\u8fd1\u8a08\u91cf\u4e4b\u9593\u7684\u8abf\u7bc0           \u5df2\u5831\u544a   \u8abf\u6574   \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247        \u4eba\u6c11\u5e63\u767e\u842c\u5143\u767e\u5206\u6bd4\u9664\u5916   \u80a1\u4efd\u916c\u91d1 (a)   \u4f86\u81ea\u6295\u8cc7\u516c\u53f8\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d (b)   \u7121\u5f62\u8cc7\u7522\u6524\u92b7 (c)   \u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de) (d)   SSV\u53caCPP (e)   \u6240\u5f97\u7a05\u5f71\u97ff (f)              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2026 \u5e74 3 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   67,375   6,534   \u2013   1,578   \u2013   140   \u2013   75,627        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u00a0 \u6de8\u984d   3,620   810   817   1,612   264   \u2013   \u2013   7,123        \u671f\u5167\u76c8\u5229   59,392   7,344   (3,255)   3,190   2,467   765   (130)   69,773        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,093   7,193   (3,342)   2,862   2,397   765   (63)   67,905        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%                     38\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e743 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   57,566   10,100   \u2013   1,515   \u2013   139   \u2013   69,320        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   4,581   968   111   1,713   267   \u2013   \u2013   7,640        \u671f\u5167\u76c8\u5229   49,725   11,068   (31)   3,228   (689)   160   (769)   62,692        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   47,821   10,833   1,081   2,854   (719)   160   (701)   61,329        \u7d93\u71df\u5229\u6f64\u7387   32\u00a0%                     39\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e7412\u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   60,338   7,210   \u2013   1,594   \u2013   376   \u2013   69,518        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   6,832   773   (26)   1,522   46   \u2013   \u2013   9,147        \u671f\u5167\u76c8\u5229   59,089   7,983   (7,479)   3,116   3,617   1,338   (953)   66,711        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,260   7,902   (7,515)   2,793   2,812   1,338   (896)   64,694        \u7d93\u71df\u5229\u6f64\u7387   31\u00a0%                     36\u00a0%        \u00a0          \u9644\u8a3b:        (a) \u5305\u62ec\u6388\u4e88\u6295\u8cc7\u516c\u53f8\u50f1\u54e1\u7684\u8a8d\u6cbd\u671f\u6b0a(\u53ef\u7531\u672c\u96c6\u5718\u6536\u8cfc\u7684\u6295\u8cc7\u516c\u53f8\u7684\u80a1\u4efd\u53ca\u6839\u64da\u5176\u80a1\u4efd\u734e\u52f5\u8a08\u5283\u800c\u767c\u884c\u7684\u80a1\u4efd)\u53ca\u5176\u4ed6\u734e\u52f5        (b) \u5305\u62ec\u8996\u540c\u8655\u7f6e\/\u8655\u7f6e\u6295\u8cc7\u516c\u53f8\u3001\u6295\u8cc7\u516c\u53f8\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d\u4ee5\u53ca\u8207\u6295\u8cc7\u516c\u53f8\u80a1\u6b0a\u4ea4\u6613\u76f8\u95dc\u7684\u5176\u4ed6\u958b\u652f        (c) \u56e0\u6536\u8cfc\u7522\u751f\u7684\u7121\u5f62\u8cc7\u7522\u6524\u92b7        (d) \u4e3b\u8981\u5305\u62ec\u65bc\u806f\u71df\u516c\u53f8\u3001\u5408\u71df\u516c\u53f8\u3001\u5546\u8b7d\u53ca\u6536\u8cfc\u7522\u751f\u7684\u5176\u4ed6\u7121\u5f62\u8cc7\u7522\u7684\u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de)        (e) \u4e3b\u8981\u5305\u62ec\u672c\u96c6\u5718\u53ef\u6301\u7e8c\u793e\u6703\u50f9\u503c\u53ca\u5171\u540c\u5bcc\u88d5\u8a08\u5283\u9805\u76ee\u6240\u7522\u751f\u7684\u6350\u6b3e\u53ca\u958b\u652f        (f) \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u7684\u6240\u5f97\u7a05\u5f71\u97ff        \u00a0 \u00a0","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:\/\/pingtungtimes.com.tw\/?p=435317","og_locale":"zh_TW","og_type":"article","og_title":"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831","og_description":"\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210\u679c\u51f8\u986f AI\u8ce6\u80fd\u4e3b\u696d\u7a69\u5065\u589e\u9577 \u9999\u6e2f2026\u5e745\u670813\u65e5 \/\u7f8e\u901a\u793e\/ --\u00a0\u4e16\u754c\u9818\u5148\u7684\u4e92\u806f\u7db2\u79d1\u6280\u516c\u53f8\u2014\u2014\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u6e2f\u4ea4\u6240\u4ee3\u78bc:00700(\u6e2f\u5e63\u6ac3\u53f0)\u53ca80700(\u4eba\u6c11\u5e63\u6ac3\u53f0)\uff0c\u300c\u9a30\u8a0a\u300d\u6216\u300c\u672c\u516c\u53f8\u300d)\u4eca\u5929\u516c\u4f48\u622a\u81f3\u4e8c\u96f6\u4e8c\u516d\u5e74\u4e09\u6708\u4e09\u5341\u4e00\u65e5\u6b62\u7b2c\u4e00\u5b63(\u300c1Q2026\u300d)\u672a\u7d93\u5be9\u6838\u7d9c\u5408\u696d\u7e3e\u3002 \u8463\u4e8b\u6703\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u99ac\u5316\u9a30\u8868\u793a:\u300c\u4e8c\u96f6\u4e8c\u516d\u5e74\u4f0a\u59cb\uff0c\u6211\u5011\u5728\u65b0AI\u7522\u54c1\u4e0a\u53d6\u5f97\u4e86\u986f\u8457\u7a81\u7834\uff0c\u4e26\u6301\u7e8c\u4ee5AI\u8ce6\u80fd\u6838\u5fc3\u696d\u52d9\u589e\u9577\u3002\u91cd\u7d44\u5f8c\u7684AI\u7814\u767c\u5718\u968a\u91cd\u69cb\u4e86AI\u57fa\u790e\u8a2d\u65bd\uff0c\u642d\u5efa\u4e86Hy3 preview\u6a21\u578b\uff0c\u5728\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u6027\u80fd\u9818\u5148\uff0c\u517c\u5177\u5be6\u7528\u6027\u8207\u6027\u50f9\u6bd4\uff1b\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u5176\u5728OpenRouter\u7684token\u6d88\u8017\u91cf\u6392\u884c\u699c\u4e0a\u7a69\u5c45\u524d\u5217\u3002\u6211\u5011\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5df2\u521d\u898b\u6210\u6548\uff0c\u6211\u5011\u76f8\u4fe1\uff0cWorkBuddy\u76ee\u524d\u662f\u4e2d\u570b\u4f7f\u7528\u6700\u5ee3\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002\u540c\u6642\uff0c\u6211\u5011\u7684\u6838\u5fc3\u696d\u52d9\u5728\u7528\u6236\u7c98\u6027\u3001\u6536\u5165\u53ca\u76c8\u5229\u4e0a\u6301\u7e8c\u589e\u9577\uff0c\u65e2\u70baAI\u6295\u5165\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u73fe\u91d1\u6d41\u652f\u6301\uff0c\u4e5f\u70baAI\u7684\u843d\u5730\u61c9\u7528\u5960\u5b9a\u4e86\u8c50\u5bcc\u7684\u5834\u666f\u57fa\u790e\u3002\u300d 1Q2026\u8ca1\u52d9\u6458\u8981 \u7e3d\u6536\u5165:\u540c\u6bd4\u589e\u95779%\uff0c\u6bdb\u5229:\u540c\u6bd4\u589e\u957711%\uff0c\u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7684\u7d93\u71df\u76c8\u5229:\u540c\u6bd4\u589e\u95779%   \u7e3d\u6536\u5165\u70ba\u4eba\u6c11\u5e631,965\u5104\u5143\uff0c\u8f03\u4e8c\u96f6\u4e8c\u4e94\u5e74\u7b2c\u4e00\u5b63(\u300c\u540c\u6bd4\u300d)\u589e\u95779%\u3002  \u6bdb\u5229\u70ba\u4eba\u6c11\u5e631,113\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002  \u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\uff0c\u6487\u9664\u82e5\u5e72\u4e00\u6b21\u6027\u53ca\/\u6216\u975e\u73fe\u91d1\u9805\u76ee\u7684\u5f71\u97ff\uff0c\u4ee5\u9ad4\u73fe\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63756\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95779%; \u7d93\u71df\u5229\u6f64\u7387\u70ba38.5%\uff0c\u8f03\u53bb\u5e74\u6301\u5e73\u3002   \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63844\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768439.9%\u63d0\u5347\u81f343.0%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63698\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63679\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.517\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.364\u5143\u3002      \u6309\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247:        \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63674\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768432.0%\u63d0\u5347\u81f334.3%\u3002   \u76c8\u5229\u70ba\u4eba\u6c11\u5e63594\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957719%\u3002   \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63581\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957721%\u3002   \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.431\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.302\u5143\u3002      \u8cc7\u672c\u958b\u652f\u70ba\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u540c\u6bd4\u589e\u52a016%\u3002  \u7e3d\u73fe\u91d1\u70ba\u4eba\u6c11\u5e63 5,337 \u5104\u5143\uff0c\u540c\u6bd4\u589e\u957712%\u3002\u81ea\u7531\u73fe\u91d1\u6d41\u70ba\u4eba\u6c11\u5e63567\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957720%\u3002\u73fe\u91d1\u6de8\u984d\u70ba\u4eba\u6c11\u5e631,469\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957763%\u3002  \u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e635,471\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e636,727\u5104\u5143\u3002\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u975e\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,651\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,631\u5104\u5143\u3002  1Q2026\uff0c\u672c\u516c\u53f8\u65bc\u9999\u6e2f\u806f\u4ea4\u6240\u4ee5\u7d0476\u5104\u6e2f\u5143\u7684\u7e3d\u4ee3\u50f9\u56de\u8cfc\u7d041,265\u842c\u80a1\u80a1\u4efd\u3002            \u5254\u9664\u65b0AI\u7522\u54c1(Hy\u3001\u5143\u5bf6\u3001CodeBuddy\u3001WorkBuddy\u53caQClaw)\u4e4b\u6536\u5165\u3001\u6210\u672c\u53ca\u958b\u652f         \u5305\u62ec\u900f\u904e\u7279\u6b8a\u76ee\u7684\u516c\u53f8\u6301\u6709\u7684\u6b0a\u76ca\uff0c\u4e14\u6309\u61c9\u4f54\u57fa\u6e96\u8a08        1Q2026\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790  \u589e\u503c\u670d\u52d91Q2026\u6536\u5165\u540c\u6bd4\u589e\u95774%\u81f3\u4eba\u6c11\u5e63961\u5104\u5143\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63454\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95776%\uff0c\u6536\u5165\u589e\u901f\u6eef\u5f8c\u65bc\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u589e\u901f\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u5c0e\u81f4\u66f4\u591a\u6536\u5165\u905e\u5ef6\u81f3\u672c\u5b63\u4e4b\u5f8c\u78ba\u8a8d\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u540c\u6bd4\u589e\u9577\u5341\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u56e0\u53d7\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u7b49\u73fe\u6709\u9577\u9752\u904a\u6232\uff0c\u4ee5\u53ca\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b(\u8fd1\u671f\u5df2\u8e8b\u8eab\u9577\u9752\u904a\u6232\u4e4b\u5217) \u3001\u300a\u7121\u754f\u5951\u7d04\uff1a\u6e90\u80fd\u884c\u52d5\u300b\u7b49\u8fd1\u671f\u767c\u4f48\u904a\u6232\u7684\u63a8\u52d5\u3002\u570b\u969b\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63188\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957713%(\u6309\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u70ba14%)\uff0c\u589e\u9577\u4e3b\u8981\u7531\u300a\u90e8\u843d\u885d\u7a81\uff1a\u7687\u5ba4\u6230\u722d\u300b\u3001\u300a\u9cf4\u6f6e\u300b\u53ca\u300a\u7121\u754f\u5951\u7d04\u300b\u500b\u4eba\u96fb\u8166\u7aef\u6240\u5e36\u52d5\u3002\u793e\u4ea4\u7db2\u7d61\u6536\u5165\u540c\u6bd4\u4e0b\u964d2%\u81f3\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u4ee41Q2026\u78ba\u8a8d\u7684\u672c\u571f\u5e02\u5834\u624b\u6a5f\u904a\u6232\u61c9\u7528\u9053\u5177\u92b7\u552e\u6536\u5165\u8f031Q2025\u6e1b\u5c11\u3002 \u71df\u92b7\u670d\u52d91Q2026\u6536\u5165\u70ba\u4eba\u6c11\u5e63382\u5104\u5143\uff0c\u540c\u6bd4\u589e\u901f\u75314Q2025\u768417%\u63d0\u5347\u81f3\u672c\u5b63\u768420%\u3002\u6211\u5011\u5347\u7d1a\u4e86AI\u9a45\u52d5\u7684\u5ee3\u544a\u63a8\u85a6\u6a21\u578b\uff0c\u64f4\u5c55\u4e86\u5fae\u4fe1\u751f\u614b\u5167\u7684\u9589\u74b0\u71df\u92b7\u80fd\u529b\uff0c\u5f9e\u800c\u6539\u5584\u4e86\u5ee3\u544a\u6548\u679c\uff0c\u63d0\u5347\u4e86\u5ee3\u544a\u55ae\u50f9\u3002\u5927\u591a\u6578\u4e3b\u8981\u884c\u696d\u7684\u5ee3\u544a\u4e3b\u6295\u653e\u672c\u5b63\u5ea6\u5747\u6709\u589e\u9577\uff0c\u5176\u4e2d\u4e92\u806f\u7db2\u670d\u52d9\u3001\u96fb\u5546\u548c\u904a\u6232\u884c\u696d\u7684\u589e\u9577\u5c24\u5176\u986f\u8457\u3002 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d91Q2026\u7684\u6536\u5165\u540c\u6bd4\u589e\u95779%\u81f3\u4eba\u6c11\u5e63599\u5104\u5143\u3002\u91d1\u878d\u79d1\u6280\u670d\u52d9\u6536\u5165\u589e\u9577\u4e3b\u8981\u7531\u5546\u696d\u652f\u4ed8\u53ca\u7406\u8ca1\u670d\u52d9\u6536\u5165\u7684\u589e\u9577\u9a45\u52d5\u3002\u4f01\u696d\u670d\u52d9\u6536\u5165\u540c\u6bd4\u589e\u957720%\uff0c\u5176\u4e2d\u5f97\u76ca\u65bc\u570b\u5167\u8207\u6d77\u5916\u5e02\u5834\u9700\u6c42\u63d0\u5347(\u5305\u62ecAI\u76f8\u95dc\u670d\u52d9)\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u5b9a\u50f9\u74b0\u5883\u5171\u540c\u63a8\u52d5\u4e86\u96f2\u670d\u52d9\u6536\u5165\u589e\u9577\uff0c\u53ca\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u4e0a\u5347\u800c\u5e36\u52d5\u5546\u5bb6\u6280\u8853\u670d\u52d9\u8cbb\u6536\u5165\u589e\u9577\u3002 \u7d93\u71df\u6578\u64da             \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e743\u670831\u65e5   \u540c\u6bd4\u8b8a\u52d5   \u65bc2025\u5e7412\u670831\u65e5   \u74b0\u6bd4\u8b8a\u52d5           (\u767e\u842c\u8a08\uff0c\u53e6\u6709\u6307\u660e\u8005\u9664\u5916)        \u5fae\u4fe1\u53caWeChat\u7684\u5408\u4f75\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   1,432   1,402   2\u00a0%   1,418   1\u00a0%                               QQ\u7684\u79fb\u52d5\u7d42\u7aef\u6708\u6d3b\u8e8d\u8cec\u6236\u6578   516   534   -3\u00a0%   508   2\u00a0%                               \u6536\u8cbb\u589e\u503c\u670d\u52d9\u8a02\u95b1\u6703\u54e1\u6578   266   268   -0.7\u00a0%   267   -0.4\u00a0%        1Q2026\u696d\u52d9\u56de\u9867\u53ca\u5c55\u671b   \u6211\u5011\u591a\u6b3e\u9577\u9752\u904a\u6232\u5728\u672c\u5b63\u6d41\u6c34\u5275\u4e0b\u65b0\u9ad8\uff0c\u5305\u62ec\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u548c\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b\uff0c\u65b0\u904a\u6232\u300a\u6d1b\u514b\u738b\u570b\uff1a\u4e16\u754c\u300b\u4e5f\u5927\u53d7\u6b61\u8fce\u3002  \u6211\u5011\u7684\u667a\u80fd\u6295\u653e\u7522\u54c1\u77e9\u9663\u9a30\u8a0a\u71df\u92b7AIM+\u8ce6\u80fd\u4e86\u5ee3\u544a\u4e3b\u71df\u92b7\u670d\u52d9\u6295\u653e\u91d1\u984d\u7684\u7d0430%\uff0c\u4e26\u5728\u5c0f\u904a\u6232\u3001\u77ed\u5287\u548c\u5fae\u4fe1\u5c0f\u5e97\u5ee3\u544a\u4e3b\u4e2d\u7372\u5f97\u4e86\u5ee3\u6cdb\u61c9\u7528\u3002  \u6211\u5011\u64f4\u5927\u4e86\u8996\u983b\u865f\u5167\u5bb9\u63a8\u85a6\u6a21\u578b\u53c3\u6578\u898f\u6a21\u4e26\u512a\u5316\u4e86\u6a21\u578b\u7b97\u6cd5\uff0c\u5411\u7528\u6236\u63a8\u9001\u66f4\u76f8\u95dc\u7684\u5167\u5bb9\u3002\u8996\u983b\u865f\u7e3d\u7528\u6236\u4f7f\u7528\u6642\u9577\u540c\u6bd4\u589e\u9577\u8d85\u904e20%\u3002  \u6211\u5011\u70ba\u5fae\u4fe1\u5c0f\u5e97\u54c1\u724c\u5546\u5bb6\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4e26\u5411\u8cc7\u6df1\u8cb7\u5bb6\u63a8\u51fa\u4e86\u512a\u60e0\u5238\u5206\u4eab\u529f\u80fd\uff0c\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u7dad\u6301\u5feb\u901f\u7684\u540c\u6bd4\u589e\u9577\u3002  \u5546\u696d\u652f\u4ed8\u91d1\u984d\u540c\u6bd4\u589e\u901f\u8f034Q2025\u63d0\u5347\uff0c\u53d7\u76ca\u65bc\u4ea4\u6613\u7b46\u6578\u6301\u7e8c\u589e\u9577\uff0c\u4ee5\u53ca\u96f6\u552e\u8207\u9910\u98f2\u670d\u52d9\u7b49\u54c1\u985e\u7684\u7b46\u5747\u4ea4\u6613\u91d1\u984d\u4e0a\u5347\u3002  \u9a30\u8a0a\u96f2\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5be6\u73fe\u4e86\u5feb\u901f\u7684\u589e\u9577\u8207\u5065\u5eb7\u7684\u7559\u5b58\u7387\u3002\u5176\u4e2d\uff0c\u4ee5\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8a08\uff0cWorkBuddy\u5df2\u6210\u70ba\u4e2d\u570b\u6700\u53d7\u6b61\u8fce\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002  \u56db\u6708\u6211\u5011\u767c\u4f48\u4e86\u57fa\u65bc\u91cd\u69cb\u5f8c\u7684AI\u57fa\u790e\u8a2d\u65bd\u4e0a\u642d\u5efa\u7684Hy3 preview\u5927\u8a9e\u8a00\u6a21\u578b\u3002\u6211\u5011\u76f8\u4fe1Hy3 preview\u5728\u63a8\u7406\u3001\u667a\u80fd\u9ad4\u548c\u4ee3\u78bc\u7684\u80fd\u529b\u4e0a\uff0c\u70ba\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u8868\u73fe\u6700\u4f73\u7684\u3002\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u4ee5token\u6d88\u8017\u91cf\u8a08\uff0c\u5176\u5df2\u6210\u70baOpenRouter\u4e0a\u6700\u5ee3\u53d7\u4f7f\u7528\u7684\u6a21\u578b\u3002  \u6709\u95dc\u66f4\u8a73\u7d30\u7684\u62ab\u9732\uff0c\u8acb\u700f\u89bdhttps:\/\/www.tencent.com\/zh-hk\/investors.html\u6216\u901a\u904e\u5fae\u4fe1\u516c\u773e\u865f(\u5fae\u4fe1\u865f:TencentGlobal)\u5173\u6ce8\u6211\u4eec\u3002           \u5b63\u5ea6\u8a02\u95b1\u6703\u54e1\u6578\u7684\u65e5\u5747\u503c         \u9577\u9752\u904a\u6232\u6307\u65bc\u672c\u571f\u53ca\u570b\u969b\u5e02\u5834\uff0c\u5b63\u5ea6\u5e73\u5747\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8d85\u904e500\u842c\u7684\u624b\u904a\u6216\u8d85\u904e200\u842c\u7684\u500b\u4eba\u96fb\u8166\u904a\u6232\uff0c\u4e14\u5e74\u6d41\u6c34\u8d85\u904e\u4eba\u6c11\u5e6340 \u5104\u5143        \u95dc\u65bc\u9a30\u8a0a \u9a30\u8a0a\u4ee5\u6280\u8853\u8c50\u5bcc\u4e92\u806f\u7db2\u7528\u6236\u7684\u751f\u6d3b\u3002 \u901a\u904e\u901a\u4fe1\u53ca\u793e\u4ea4\u670d\u52d9\u5fae\u4fe1\u548cQQ\uff0c\u4fc3\u9032\u7528\u6236\u4e92\u76f8\u9023\u63a5\uff0c\u4e26\u52a9\u5176\u9023\u63a5\u6578\u5b57\u5167\u5bb9\u3001\u7db2\u4e0a\u53ca\u7dda\u4e0b\u670d\u52d9\u3002\u901a\u904e\u5b9a\u5411\u71df\u92b7\u670d\u52d9\uff0c\u52a9\u529b\u5ee3\u544a\u4e3b\u89f8\u9054\u6578\u4ee5\u5104\u8a08\u7684\u4e2d\u570b\u6d88\u8cbb\u8005\u3002\u901a\u904e\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9\uff0c\u4fc3\u9032\u5408\u4f5c\u5925\u4f34\u696d\u52d9\u589e\u9577\uff0c\u52a9\u529b\u5be6\u73fe\u6578\u5b57\u5316\u5347\u7d1a\u3002 \u9a30\u8a0a\u5927\u529b\u6295\u8cc7\u65bc\u4eba\u624d\u968a\u4f0d\u548c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\uff0c\u7a4d\u6975\u53c3\u8207\u4e92\u806f\u7db2\u884c\u696d\u5354\u540c\u767c\u5c55\u3002\u9a30\u8a0a\u65bc1998\u5e74\u5728\u4e2d\u570b\u6df1\u5733\u6210\u7acb\uff0c\u9a30\u8a0a2004\u5e74\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u4e0a\u5e02\u3002 \u6295\u8cc7\u8005\u67e5\u8a62:IR@tencent.com\u5a92\u9ad4\u67e5\u8a62:GC@tencent.com \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf \u70ba\u88dc\u5145\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718(\u300c\u672c\u516c\u53f8\u53ca\u5176\u9644\u5c6c\u516c\u53f8\u300d)\u7d9c\u5408\u696d\u7e3e\uff0c\u82e5\u5e72\u984d\u5916\u7684\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf(\u7d93\u71df\u76c8\u5229\u3001\u7d93\u71df\u5229\u6f64\u7387\u3001\u671f\u5167\u76c8\u5229\u3001\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u3001\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u53ca\u6bcf\u80a1\u6524\u8584\u76c8\u5229)\u5df2\u65bc\u672c\u516c\u4f48\u5167\u5448\u5217\u3002\u6b64\u7b49\u672a\u7d93\u5be9\u6838\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u61c9\u88ab\u8996\u70ba\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718\u8ca1\u52d9\u696d\u7e3e\u7684\u88dc\u5145\u800c\u975e\u66ff\u4ee3\u8a08\u91cf\u3002\u6b64\u5916\uff0c\u6b64\u7b49\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u7684\u5b9a\u7fa9\u53ef\u80fd\u8207\u5176\u4ed6\u516c\u53f8\u6240\u7528\u7684\u985e\u4f3c\u8a5e\u5f59\u6709\u6240\u4e0d\u540c\u3002 \u672c\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u76f8\u4fe1\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u85c9\u6392\u9664\u82e5\u5e72\u975e\u73fe\u91d1\u9805\u76ee\u53ca\u6295\u8cc7\u76f8\u95dc\u4ea4\u6613\u7684\u82e5\u5e72\u5f71\u97ff\u70ba\u6295\u8cc7\u8005\u8a55\u4f30\u672c\u96c6\u5718\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e\u63d0\u4f9b\u6709\u7528\u7684\u88dc\u5145\u8cc7\u6599\u3002\u6b64\u5916\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u5305\u62ec\u672c\u96c6\u5718\u4e3b\u8981\u806f\u71df\u516c\u53f8\u7684\u76f8\u95dc\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\uff0c\u6b64\u4e43\u57fa\u65bc\u76f8\u95dc\u4e3b\u8981\u806f\u71df\u516c\u53f8\u53ef\u7372\u5f97\u7684\u5df2\u516c\u4f48\u8ca1\u52d9\u8cc7\u6599\u6216\u672c\u516c\u53f8\u7ba1\u7406\u5c64\u6839\u64da\u6240\u7372\u5f97\u7684\u8cc7\u6599\u3001\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\u6240\u4f5c\u51fa\u7684\u4f30\u8a08\u3002 \u91cd\u8981\u6ce8\u610f\u4e8b\u9805 \u672c\u65b0\u805e\u7a3f\u8f09\u6709\u524d\u77bb\u6027\u9673\u8ff0\uff0c\u6d89\u53ca\u672c\u96c6\u5718\u7684\u696d\u52d9\u5c55\u671b\u3001\u8ca1\u52d9\u8868\u73fe\u4f30\u8a08\u3001\u9810\u6e2c\u696d\u52d9\u8a08\u5283\u53ca\u589e\u9577\u7b56\u7565\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u672c\u96c6\u5718\u73fe\u6709\u7684\u8cc7\u6599\uff0c\u4ea6\u6309\u672c\u65b0\u805e\u7a3f\u520a\u767c\u4e4b\u6642\u7684\u5c55\u671b\u70ba\u57fa\u6e96\uff0c\u5728\u672c\u65b0\u805e\u7a3f\u5167\u8f09\u5217\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\uff0c\u7576\u4e2d\u6709\u4e9b\u6d89\u53ca\u4e3b\u89c0\u56e0\u7d20\u6216\u4e0d\u53d7\u6211\u5011\u63a7\u5236\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6216\u6703\u8b49\u660e\u70ba\u4e0d\u6b63\u78ba\u53ca\u53ef\u80fd\u4e0d\u6703\u5728\u5c07\u4f86\u5be6\u73fe\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6d89\u53ca\u8a31\u591a\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\u3002\u9451\u65bc\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\uff0c\u672c\u65b0\u805e\u7a3f\u5167\u6240\u8f09\u5217\u7684\u524d\u77bb\u6027\u9673\u8ff0\u4e0d\u61c9\u8996\u70ba\u8463\u4e8b\u6703\u6216\u672c\u516c\u53f8\u8072\u660e\u8a72\u7b49\u8a08\u5283\u53ca\u76ee\u6a19\u5c07\u6703\u5be6\u73fe\uff0c\u6545\u6295\u8cc7\u8005\u4e0d\u61c9\u904e\u65bc\u501a\u8cf4\u8a72\u7b49\u9673\u8ff0\u3002 \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)           \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        \u6536\u5165   196,458   180,022   194,371        \u00a0\u00a0\u00a0 \u589e\u503c\u670d\u52d9   96,110   92,133   89,920        \u00a0\u00a0\u00a0 \u71df\u92b7\u670d\u52d9   38,171   31,853   41,116        \u00a0\u00a0\u00a0 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9   59,885   54,907   60,818        \u00a0\u00a0\u00a0 \u5176\u4ed6   2,292   1,129   2,517        \u6536\u5165\u6210\u672c   (85,193)   (79,529)   (86,082)        \u6bdb\u5229   111,265   100,493   108,289        \u6bdb\u5229\u7387   57\u00a0%   56\u00a0%   56\u00a0%        \u92b7\u552e\u53ca\u5e02\u5834\u63a8\u5ee3\u958b\u652f   (11,343)   (7,866)   (12,983)        \u4e00\u822c\u53ca\u884c\u653f\u958b\u652f   (33,800)   (33,664)   (36,283)        \u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d   1,253   (1,397)   1,315        \u7d93\u71df\u76c8\u5229   67,375   57,566   60,338        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%   32\u00a0%   31\u00a0%        \u6295\u8cc7\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\u53ca\u5176\u4ed6   1,928   1,407   3,303        \u5229\u606f\u6536\u5165   4,025   3,748   4,784        \u8ca1\u52d9\u6210\u672c   (2,979)   (3,860)   (3,573)        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229(\u8667\u640d)\/\u6de8\u984d   3,620   4,581   6,832        \u9664\u7a05\u524d\u76c8\u5229   73,969   63,442   71,684        \u6240\u5f97\u7a05\u958b\u652f   (14,577)   (13,717)   (12,595)        \u671f\u5167\u76c8\u5229   59,392   49,725   59,089                         \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:           \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba   58,093   47,821   58,260        \u975e\u63a7\u5236\u6027\u6b0a\u76ca   1,299   1,904   829                         \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7d93\u71df\u76c8\u5229   75,627   69,320   69,518        \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   67,905   61,329   64,694                         \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6bcf\u80a1\u76c8\u5229(\u6bcf\u80a1\u4eba\u6c11\u5e63\u5143)                 - \u57fa\u672c   6.431   5.252   6.433        - \u6524\u8584   6.302   5.129   6.276        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u5168\u9762\u6536\u76ca\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)              \u672a\u7d93\u5be9\u6838              1Q2026   1Q2025        \u671f\u5167\u76c8\u5229      59,392   49,725        \u5176\u4ed6\u5168\u9762\u6536\u76ca(\u9664\u7a05\u6de8\u984d):                 \u5176\u5f8c\u53ef\u80fd\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca   (222)   652        \u8655\u7f6e\u53ca\u8996\u540c\u8655\u7f6e\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5f8c\u5206\u4f54\u5176\u4ed6\u5168\u9762\u6536\u76ca\u8f49\u81f3\u640d\u76ca   135   -        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u00a0 \u91d1\u878d\u8cc7\u7522\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d   (60)   106        \u8655\u7f6e\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u5f8c\u8f49\u81f3\u640d\u76ca   (19)   1        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (13,883)   2,294        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (5)   (213)                         \u5176\u5f8c\u4e0d\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee                 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca      (330)   522        \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u7684\u516c\u00a0 \u00a0\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d      (66,118)   26,361        \u5916\u5e63\u6298\u7b97\u5dee\u984d      (2,887)   370        \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d      (3)   6              (83,392)   30,099        \u671f\u5167\u5168\u9762\u6536\u76ca\u7e3d\u984d      (24,000)   79,824        \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54:                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba      (22,676)   75,858        \u975e\u63a7\u5236\u6027\u6b0a\u76ca      (1,324)   3,966        \u00a0 \u00a0          \u5176\u4ed6\u8ca1\u52d9\u8cc7\u6599        \u00a0 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)   \u672a\u7d93\u5be9\u6838           1Q2026   1Q2025   4Q2025        EBITDA (a)   84,167   73,817   77,126        \u7d93\u8abf\u6574\u7684EBITDA (a)   89,617   81,559   83,048        \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387 (b)   46\u00a0%   45\u00a0%   43\u00a0%        \u5229\u606f\u53ca\u76f8\u95dc\u958b\u652f   3,134   3,386   3,323        \u73fe\u91d1\u6de8\u984d (c)   146,860   90,229   107,145        \u8cc7\u672c\u958b\u652f (d)   31,936   27,476   19,632        \u00a0          \u9644\u8a3b        (a) EBITDA\u4e43\u6309\u7d93\u71df\u76c8\u5229\u6263\u9664\u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\uff0c\u52a0\u56de\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750\u3001\u6295\u8cc7\u7269\u696d\u53ca\u4f7f\u7528\u6b0a\u8cc7\u7522\u7684\u6298\u820a\u3001\u4ee5\u53ca\u7121\u5f62\u8cc7\u7522\u53ca\u571f\u5730\u00a0 \u00a0 \u00a0\u4f7f\u7528\u6b0a\u7684\u6524\u92b7\u8a08\u7b97\u3002\u7d93\u8abf\u6574\u7684EBITDA\u4e43\u6309EBITDA\u52a0\u6309\u6b0a\u76ca\u7d50\u7b97\u7684\u80a1\u4efd\u916c\u91d1\u958b\u652f\u8a08\u7b97        (b) \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387\u4e43\u6309\u7d93\u8abf\u6574\u7684EBITDA\u9664\u4ee5\u6536\u5165\u8a08\u7b97        (c) \u73fe\u91d1\u6de8\u984d\u70ba\u671f\u672b\u9918\u984d\uff0c\u4e43\u6839\u64da\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u52a0\u5b9a\u671f\u5b58\u6b3e\u53ca\u5176\u4ed6(\u5305\u62ec\u70ba\u8cc7\u91d1\u7ba1\u7406\u76ee\u7684\u800c\u6301\u6709\u7684\u9ad8\u6d41\u52d5\u6027\u6295\u8cc7\u7522\u54c1)\uff0c\u6e1b\u501f\u6b3e\u53ca\u00a0 \u00a0 \u00a0\u61c9\u4ed8\u7968\u64da\u8a08\u7b97        (d) \u8cc7\u672c\u958b\u652f\u4e3b\u8981\u5305\u62ec\u5c0d\u4fe1\u606f\u6280\u8853\u57fa\u790e\u8a2d\u65bd(\u5305\u62ec\u96fb\u8166\u8a2d\u5099\u3001\u96f6\u914d\u4ef6\u53ca\u8edf\u4ef6)\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u571f\u5730\u4f7f\u7528\u6b0a\u3001\u8fa6\u516c\u5712\u5340\u53ca\u77e5\u8b58\u7522\u6b0a(\u4e0d\u5305\u62ec\u5a92\u00a0 \u00a0 \u00a0\u9ad4\u5167\u5bb9)\u7684\u6295\u5165        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868        \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u7d93\u5be9\u6838           \u65bc2026\u5e743\u670831\u65e5   \u65bc2025\u5e7412\u670831\u65e5        \u8cc7\u7522                 \u975e\u6d41\u52d5\u8cc7\u7522                 \u2003\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750   165,666      149,905        \u2003\u571f\u5730\u4f7f\u7528\u6b0a   22,122      22,339        \u2003\u4f7f\u7528\u6b0a\u8cc7\u7522   17,353      17,367        \u2003\u5728\u5efa\u5de5\u7a0b   5,719      9,670        \u2003\u6295\u8cc7\u7269\u696d   1,131      950        \u2003\u7121\u5f62\u8cc7\u7522   199,008      205,999        \u2003\u65bc\u806f\u71df\u516c\u53f8\u7684\u6295\u8cc7   330,532      342,409        \u2003\u65bc\u5408\u71df\u516c\u53f8\u7684\u6295\u8cc7   6,374      6,303        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   208,887      207,157        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   298,052      356,640        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   45,424      24,540        \u5176\u4ed6\u91d1\u878d\u8cc7\u7522   1,084      1,327        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8cc7\u7522   29,698      28,618        \u2003\u5b9a\u671f\u5b58\u6b3e   73,404      70,302           1,404,454      1,443,526                         \u6d41\u52d5\u8cc7\u7522                 \u2003\u5b58\u8ca8   582      530        \u2003\u61c9\u6536\u8cec\u6b3e   58,116      49,930        \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522   117,147      111,270        \u2003\u5176\u4ed6\u91d1\u878d\u8cc7\u7522   3,779      4,201        \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522   27,627      35,929        \u00a0 \u00a0\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u00a0 \u00a0 \u00a0 \u00a0 \u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522   8,781      8,781        \u2003\u5b9a\u671f\u5b58\u6b3e   205,537      236,801        \u2003\u53d7\u9650\u5236\u73fe\u91d1   7,597      6,977        \u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269   217,770      141,041                                  646,936      595,460        \u8cc7\u7522\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868(\u7e8c\u4e0a)                 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916)                    \u672a\u7d93\u5be9\u6838   \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u7d93\u5be9\u6838            \u65bc2026\u5e74   \u65bc2025\u5e74           3\u670831\u65e5   12\u670831\u65e5        \u6b0a\u76ca                 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6b0a\u76ca                 \u2003\u80a1\u672c   -      -        \u2003\u80a1\u672c\u6ea2\u50f9   68,575      63,796        \u2003\u5eab\u5b58\u80a1   (1,060)      (3,450)        \u00a0 \u00a0 \u80a1\u4efd\u734e\u52f5\u8a08\u5283\u6240\u6301\u80a1\u4efd   (8,605)      (7,124)        \u2003\u5176\u4ed6\u5132\u5099   7,640      90,494        \u2003\u4fdd\u7559\u76c8\u5229   1,061,102      1,010,436           1,127,652      1,154,152                         \u975e\u63a7\u5236\u6027\u6b0a\u76ca   83,975      86,913        \u6b0a\u76ca\u7e3d\u984d   1,211,627      1,241,065                         \u8ca0\u50b5                 \u975e\u6d41\u52d5\u8ca0\u50b5                 \u2003\u501f\u6b3e   207,881      208,369        \u2003\u61c9\u4ed8\u7968\u64da   124,350      126,204        \u2003\u9577\u671f\u61c9\u4ed8\u6b3e\u9805   10,752      10,544        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,679      2,879        \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8ca0\u50b5   23,591      21,684        \u2003\u79df\u8cc3\u8ca0\u50b5   13,074      13,280        \u2003\u905e\u5ef6\u6536\u5165   2,564      2,210           385,891      385,170                         \u6d41\u52d5\u8ca0\u50b5                 \u2003\u61c9\u4ed8\u8cec\u6b3e   141,748      121,127        \u2003\u5176\u4ed6\u61c9\u4ed8\u6b3e\u9805\u53ca\u9810\u63d0\u8cbb\u7528   81,153      96,496        \u2003\u501f\u6b3e   51,114      42,618        \u00a0 \u00a0 \u61c9\u4ed8\u7968\u64da   3,460      10,542        \u2003\u6d41\u52d5\u6240\u5f97\u7a05\u8ca0\u50b5   19,961      18,558        \u00a0 \u00a0 \u5176\u4ed6\u7a05\u9805\u8ca0\u50b5   6,130      3,723        \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5   3,355      3,992        \u2003\u79df\u8cc3\u8ca0\u50b5   5,632      5,386        \u00a0 \u00a0 \u905e\u5ef6\u6536\u5165   141,319      110,309           453,872      412,751        \u8ca0\u50b5\u7e3d\u984d   839,763      797,921        \u6b0a\u76ca\u53ca\u8ca0\u50b5\u7e3d\u984d   2,051,390      2,038,986        \u00a0 \u00a0          \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u8207\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u88fd\u7684\u6700\u8fd1\u8a08\u91cf\u4e4b\u9593\u7684\u8abf\u7bc0           \u5df2\u5831\u544a   \u8abf\u6574   \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247        \u4eba\u6c11\u5e63\u767e\u842c\u5143\u767e\u5206\u6bd4\u9664\u5916   \u80a1\u4efd\u916c\u91d1 (a)   \u4f86\u81ea\u6295\u8cc7\u516c\u53f8\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d (b)   \u7121\u5f62\u8cc7\u7522\u6524\u92b7 (c)   \u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de) (d)   SSV\u53caCPP (e)   \u6240\u5f97\u7a05\u5f71\u97ff (f)              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2026 \u5e74 3 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   67,375   6,534   \u2013   1,578   \u2013   140   \u2013   75,627        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u00a0 \u6de8\u984d   3,620   810   817   1,612   264   \u2013   \u2013   7,123        \u671f\u5167\u76c8\u5229   59,392   7,344   (3,255)   3,190   2,467   765   (130)   69,773        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,093   7,193   (3,342)   2,862   2,397   765   (63)   67,905        \u7d93\u71df\u5229\u6f64\u7387   34\u00a0%                     38\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e743 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   57,566   10,100   \u2013   1,515   \u2013   139   \u2013   69,320        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   4,581   968   111   1,713   267   \u2013   \u2013   7,640        \u671f\u5167\u76c8\u5229   49,725   11,068   (31)   3,228   (689)   160   (769)   62,692        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   47,821   10,833   1,081   2,854   (719)   160   (701)   61,329        \u7d93\u71df\u5229\u6f64\u7387   32\u00a0%                     39\u00a0%              \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e7412\u6708 31 \u65e5\u6b62\u4e09\u500b\u6708           \u7d93\u71df\u76c8\u5229   60,338   7,210   \u2013   1,594   \u2013   376   \u2013   69,518        \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d   6,832   773   (26)   1,522   46   \u2013   \u2013   9,147        \u671f\u5167\u76c8\u5229   59,089   7,983   (7,479)   3,116   3,617   1,338   (953)   66,711        \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229   58,260   7,902   (7,515)   2,793   2,812   1,338   (896)   64,694        \u7d93\u71df\u5229\u6f64\u7387   31\u00a0%                     36\u00a0%        \u00a0          \u9644\u8a3b:        (a) \u5305\u62ec\u6388\u4e88\u6295\u8cc7\u516c\u53f8\u50f1\u54e1\u7684\u8a8d\u6cbd\u671f\u6b0a(\u53ef\u7531\u672c\u96c6\u5718\u6536\u8cfc\u7684\u6295\u8cc7\u516c\u53f8\u7684\u80a1\u4efd\u53ca\u6839\u64da\u5176\u80a1\u4efd\u734e\u52f5\u8a08\u5283\u800c\u767c\u884c\u7684\u80a1\u4efd)\u53ca\u5176\u4ed6\u734e\u52f5        (b) \u5305\u62ec\u8996\u540c\u8655\u7f6e\/\u8655\u7f6e\u6295\u8cc7\u516c\u53f8\u3001\u6295\u8cc7\u516c\u53f8\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d\u4ee5\u53ca\u8207\u6295\u8cc7\u516c\u53f8\u80a1\u6b0a\u4ea4\u6613\u76f8\u95dc\u7684\u5176\u4ed6\u958b\u652f        (c) \u56e0\u6536\u8cfc\u7522\u751f\u7684\u7121\u5f62\u8cc7\u7522\u6524\u92b7        (d) \u4e3b\u8981\u5305\u62ec\u65bc\u806f\u71df\u516c\u53f8\u3001\u5408\u71df\u516c\u53f8\u3001\u5546\u8b7d\u53ca\u6536\u8cfc\u7522\u751f\u7684\u5176\u4ed6\u7121\u5f62\u8cc7\u7522\u7684\u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de)        (e) \u4e3b\u8981\u5305\u62ec\u672c\u96c6\u5718\u53ef\u6301\u7e8c\u793e\u6703\u50f9\u503c\u53ca\u5171\u540c\u5bcc\u88d5\u8a08\u5283\u9805\u76ee\u6240\u7522\u751f\u7684\u6350\u6b3e\u53ca\u958b\u652f        (f) \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u7684\u6240\u5f97\u7a05\u5f71\u97ff        \u00a0 \u00a0","og_url":"https:\/\/pingtungtimes.com.tw\/?p=435317","og_site_name":"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831","article_publisher":"https:\/\/www.facebook.com\/pingtungnews","article_published_time":"2026-05-13T09:56:00+00:00","og_image":[{"url":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","type":"","width":"","height":""}],"author":"\u7f8e\u901a\u793e","twitter_card":"summary_large_image","twitter_image":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","twitter_misc":{"\u4f5c\u8005:":"\u7f8e\u901a\u793e","\u9810\u4f30\u95b1\u8b80\u6642\u9593":"1 \u5206\u9418"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/pingtungtimes.com.tw\/?p=435317#article","isPartOf":{"@id":"https:\/\/pingtungtimes.com.tw\/?p=435317"},"author":{"name":"\u7f8e\u901a\u793e","@id":"https:\/\/pingtungtimes.com.tw\/#\/schema\/person\/683b937f29ec1537972f6c41e22a2cf3"},"headline":"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e","datePublished":"2026-05-13T09:56:00+00:00","mainEntityOfPage":{"@id":"https:\/\/pingtungtimes.com.tw\/?p=435317"},"wordCount":111,"publisher":{"@id":"https:\/\/pingtungtimes.com.tw\/#organization"},"image":{"@id":"https:\/\/pingtungtimes.com.tw\/?p=435317#primaryimage"},"thumbnailUrl":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","articleSection":["\u7f8e\u901a\u793e"],"inLanguage":"zh-TW"},{"@type":"WebPage","@id":"https:\/\/pingtungtimes.com.tw\/?p=435317","url":"https:\/\/pingtungtimes.com.tw\/?p=435317","name":"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e - \u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831","isPartOf":{"@id":"https:\/\/pingtungtimes.com.tw\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pingtungtimes.com.tw\/?p=435317#primaryimage"},"image":{"@id":"https:\/\/pingtungtimes.com.tw\/?p=435317#primaryimage"},"thumbnailUrl":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","datePublished":"2026-05-13T09:56:00+00:00","description":"\u6df7\u5143\u8fed\u4ee3\u6027\u80fd\u8e8d\u5347 \u667a\u80fd\u9ad4\u61c9\u7528\u6210\u679c\u51f8\u986f AI\u8ce6\u80fd\u4e3b\u696d\u7a69\u5065\u589e\u9577 \u9999\u6e2f2026\u5e745\u670813\u65e5 \/\u7f8e\u901a\u793e\/ --\u00a0\u4e16\u754c\u9818\u5148\u7684\u4e92\u806f\u7db2\u79d1\u6280\u516c\u53f8\u2014\u2014\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u6e2f\u4ea4\u6240\u4ee3\u78bc:00700(\u6e2f\u5e63\u6ac3\u53f0)\u53ca80700(\u4eba\u6c11\u5e63\u6ac3\u53f0)\uff0c\u300c\u9a30\u8a0a\u300d\u6216\u300c\u672c\u516c\u53f8\u300d)\u4eca\u5929\u516c\u4f48\u622a\u81f3\u4e8c\u96f6\u4e8c\u516d\u5e74\u4e09\u6708\u4e09\u5341\u4e00\u65e5\u6b62\u7b2c\u4e00\u5b63(\u300c1Q2026\u300d)\u672a\u7d93\u5be9\u6838\u7d9c\u5408\u696d\u7e3e\u3002 \u8463\u4e8b\u6703\u4e3b\u5e2d\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u99ac\u5316\u9a30\u8868\u793a:\u300c\u4e8c\u96f6\u4e8c\u516d\u5e74\u4f0a\u59cb\uff0c\u6211\u5011\u5728\u65b0AI\u7522\u54c1\u4e0a\u53d6\u5f97\u4e86\u986f\u8457\u7a81\u7834\uff0c\u4e26\u6301\u7e8c\u4ee5AI\u8ce6\u80fd\u6838\u5fc3\u696d\u52d9\u589e\u9577\u3002\u91cd\u7d44\u5f8c\u7684AI\u7814\u767c\u5718\u968a\u91cd\u69cb\u4e86AI\u57fa\u790e\u8a2d\u65bd\uff0c\u642d\u5efa\u4e86Hy3 preview\u6a21\u578b\uff0c\u5728\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u6027\u80fd\u9818\u5148\uff0c\u517c\u5177\u5be6\u7528\u6027\u8207\u6027\u50f9\u6bd4\uff1b\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u5176\u5728OpenRouter\u7684token\u6d88\u8017\u91cf\u6392\u884c\u699c\u4e0a\u7a69\u5c45\u524d\u5217\u3002\u6211\u5011\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5df2\u521d\u898b\u6210\u6548\uff0c\u6211\u5011\u76f8\u4fe1\uff0cWorkBuddy\u76ee\u524d\u662f\u4e2d\u570b\u4f7f\u7528\u6700\u5ee3\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002\u540c\u6642\uff0c\u6211\u5011\u7684\u6838\u5fc3\u696d\u52d9\u5728\u7528\u6236\u7c98\u6027\u3001\u6536\u5165\u53ca\u76c8\u5229\u4e0a\u6301\u7e8c\u589e\u9577\uff0c\u65e2\u70baAI\u6295\u5165\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u73fe\u91d1\u6d41\u652f\u6301\uff0c\u4e5f\u70baAI\u7684\u843d\u5730\u61c9\u7528\u5960\u5b9a\u4e86\u8c50\u5bcc\u7684\u5834\u666f\u57fa\u790e\u3002\u300d 1Q2026\u8ca1\u52d9\u6458\u8981 \u7e3d\u6536\u5165:\u540c\u6bd4\u589e\u95779%\uff0c\u6bdb\u5229:\u540c\u6bd4\u589e\u957711%\uff0c\u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7684\u7d93\u71df\u76c8\u5229:\u540c\u6bd4\u589e\u95779% \u7e3d\u6536\u5165\u70ba\u4eba\u6c11\u5e631,965\u5104\u5143\uff0c\u8f03\u4e8c\u96f6\u4e8c\u4e94\u5e74\u7b2c\u4e00\u5b63(\u300c\u540c\u6bd4\u300d)\u589e\u95779%\u3002 \u6bdb\u5229\u70ba\u4eba\u6c11\u5e631,113\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002 \u6309\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\uff0c\u6487\u9664\u82e5\u5e72\u4e00\u6b21\u6027\u53ca\/\u6216\u975e\u73fe\u91d1\u9805\u76ee\u7684\u5f71\u97ff\uff0c\u4ee5\u9ad4\u73fe\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e: \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63756\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95779%; \u7d93\u71df\u5229\u6f64\u7387\u70ba38.5%\uff0c\u8f03\u53bb\u5e74\u6301\u5e73\u3002 \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63844\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u82e5\u5254\u9664\u65b0AI\u7522\u54c1\uff0c\u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768439.9%\u63d0\u5347\u81f343.0%\u3002 \u76c8\u5229\u70ba\u4eba\u6c11\u5e63698\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63679\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002 \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.517\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e637.364\u5143\u3002 \u6309\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247: \u7d93\u71df\u76c8\u5229\u70ba\u4eba\u6c11\u5e63674\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957717%; \u7d93\u71df\u5229\u6f64\u7387\u7531\u53bb\u5e74\u768432.0%\u63d0\u5347\u81f334.3%\u3002 \u76c8\u5229\u70ba\u4eba\u6c11\u5e63594\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957719%\u3002 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u70ba\u4eba\u6c11\u5e63581\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957721%\u3002 \u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.431\u5143\uff0c\u6bcf\u80a1\u6524\u8584\u76c8\u5229\u70ba\u4eba\u6c11\u5e636.302\u5143\u3002 \u8cc7\u672c\u958b\u652f\u70ba\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u540c\u6bd4\u589e\u52a016%\u3002 \u7e3d\u73fe\u91d1\u70ba\u4eba\u6c11\u5e63 5,337 \u5104\u5143\uff0c\u540c\u6bd4\u589e\u957712%\u3002\u81ea\u7531\u73fe\u91d1\u6d41\u70ba\u4eba\u6c11\u5e63567\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957720%\u3002\u73fe\u91d1\u6de8\u984d\u70ba\u4eba\u6c11\u5e631,469\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957763%\u3002 \u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e635,471\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u516c\u5141\u50f9\u503c\u70ba\u4eba\u6c11\u5e636,727\u5104\u5143\u3002\u65bc2026\u5e743\u670831\u65e5\uff0c\u6211\u5011\u65bc\u975e\u4e0a\u5e02\u6295\u8cc7\u516c\u53f8(\u4e0d\u5305\u62ec\u9644\u5c6c\u516c\u53f8)\u6b0a\u76ca\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,651\u5104\u5143\uff0c\u5c0d\u6bd42025\u5e7412\u670831\u65e5\u7684\u8cec\u9762\u50f9\u503c\u70ba\u4eba\u6c11\u5e633,631\u5104\u5143\u3002 1Q2026\uff0c\u672c\u516c\u53f8\u65bc\u9999\u6e2f\u806f\u4ea4\u6240\u4ee5\u7d0476\u5104\u6e2f\u5143\u7684\u7e3d\u4ee3\u50f9\u56de\u8cfc\u7d041,265\u842c\u80a1\u80a1\u4efd\u3002 \u5254\u9664\u65b0AI\u7522\u54c1(Hy\u3001\u5143\u5bf6\u3001CodeBuddy\u3001WorkBuddy\u53caQClaw)\u4e4b\u6536\u5165\u3001\u6210\u672c\u53ca\u958b\u652f \u5305\u62ec\u900f\u904e\u7279\u6b8a\u76ee\u7684\u516c\u53f8\u6301\u6709\u7684\u6b0a\u76ca\uff0c\u4e14\u6309\u61c9\u4f54\u57fa\u6e96\u8a08 1Q2026\u7ba1\u7406\u5c64\u8a0e\u8ad6\u53ca\u5206\u6790 \u589e\u503c\u670d\u52d91Q2026\u6536\u5165\u540c\u6bd4\u589e\u95774%\u81f3\u4eba\u6c11\u5e63961\u5104\u5143\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63454\u5104\u5143\uff0c\u540c\u6bd4\u589e\u95776%\uff0c\u6536\u5165\u589e\u901f\u6eef\u5f8c\u65bc\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u589e\u901f\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u5c0e\u81f4\u66f4\u591a\u6536\u5165\u905e\u5ef6\u81f3\u672c\u5b63\u4e4b\u5f8c\u78ba\u8a8d\u3002\u672c\u571f\u5e02\u5834\u904a\u6232\u6d41\u6c34\u540c\u6bd4\u589e\u9577\u5341\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u56e0\u53d7\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u7b49\u73fe\u6709\u9577\u9752\u904a\u6232\uff0c\u4ee5\u53ca\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b(\u8fd1\u671f\u5df2\u8e8b\u8eab\u9577\u9752\u904a\u6232\u4e4b\u5217) \u3001\u300a\u7121\u754f\u5951\u7d04\uff1a\u6e90\u80fd\u884c\u52d5\u300b\u7b49\u8fd1\u671f\u767c\u4f48\u904a\u6232\u7684\u63a8\u52d5\u3002\u570b\u969b\u5e02\u5834\u904a\u6232\u6536\u5165\u70ba\u4eba\u6c11\u5e63188\u5104\u5143\uff0c\u540c\u6bd4\u589e\u957713%(\u6309\u56fa\u5b9a\u532f\u7387\u8a08\u7b97\u70ba14%)\uff0c\u589e\u9577\u4e3b\u8981\u7531\u300a\u90e8\u843d\u885d\u7a81\uff1a\u7687\u5ba4\u6230\u722d\u300b\u3001\u300a\u9cf4\u6f6e\u300b\u53ca\u300a\u7121\u754f\u5951\u7d04\u300b\u500b\u4eba\u96fb\u8166\u7aef\u6240\u5e36\u52d5\u3002\u793e\u4ea4\u7db2\u7d61\u6536\u5165\u540c\u6bd4\u4e0b\u964d2%\u81f3\u4eba\u6c11\u5e63319\u5104\u5143\uff0c\u56e02026\u5e74\u6625\u7bc0\u5047\u671f\u665a\u65bc2025\u5e74\uff0c\u4ee41Q2026\u78ba\u8a8d\u7684\u672c\u571f\u5e02\u5834\u624b\u6a5f\u904a\u6232\u61c9\u7528\u9053\u5177\u92b7\u552e\u6536\u5165\u8f031Q2025\u6e1b\u5c11\u3002 \u71df\u92b7\u670d\u52d91Q2026\u6536\u5165\u70ba\u4eba\u6c11\u5e63382\u5104\u5143\uff0c\u540c\u6bd4\u589e\u901f\u75314Q2025\u768417%\u63d0\u5347\u81f3\u672c\u5b63\u768420%\u3002\u6211\u5011\u5347\u7d1a\u4e86AI\u9a45\u52d5\u7684\u5ee3\u544a\u63a8\u85a6\u6a21\u578b\uff0c\u64f4\u5c55\u4e86\u5fae\u4fe1\u751f\u614b\u5167\u7684\u9589\u74b0\u71df\u92b7\u80fd\u529b\uff0c\u5f9e\u800c\u6539\u5584\u4e86\u5ee3\u544a\u6548\u679c\uff0c\u63d0\u5347\u4e86\u5ee3\u544a\u55ae\u50f9\u3002\u5927\u591a\u6578\u4e3b\u8981\u884c\u696d\u7684\u5ee3\u544a\u4e3b\u6295\u653e\u672c\u5b63\u5ea6\u5747\u6709\u589e\u9577\uff0c\u5176\u4e2d\u4e92\u806f\u7db2\u670d\u52d9\u3001\u96fb\u5546\u548c\u904a\u6232\u884c\u696d\u7684\u589e\u9577\u5c24\u5176\u986f\u8457\u3002 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d91Q2026\u7684\u6536\u5165\u540c\u6bd4\u589e\u95779%\u81f3\u4eba\u6c11\u5e63599\u5104\u5143\u3002\u91d1\u878d\u79d1\u6280\u670d\u52d9\u6536\u5165\u589e\u9577\u4e3b\u8981\u7531\u5546\u696d\u652f\u4ed8\u53ca\u7406\u8ca1\u670d\u52d9\u6536\u5165\u7684\u589e\u9577\u9a45\u52d5\u3002\u4f01\u696d\u670d\u52d9\u6536\u5165\u540c\u6bd4\u589e\u957720%\uff0c\u5176\u4e2d\u5f97\u76ca\u65bc\u570b\u5167\u8207\u6d77\u5916\u5e02\u5834\u9700\u6c42\u63d0\u5347(\u5305\u62ecAI\u76f8\u95dc\u670d\u52d9)\u4ee5\u53ca\u66f4\u6709\u5229\u7684\u5b9a\u50f9\u74b0\u5883\u5171\u540c\u63a8\u52d5\u4e86\u96f2\u670d\u52d9\u6536\u5165\u589e\u9577\uff0c\u53ca\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u4e0a\u5347\u800c\u5e36\u52d5\u5546\u5bb6\u6280\u8853\u670d\u52d9\u8cbb\u6536\u5165\u589e\u9577\u3002 \u7d93\u71df\u6578\u64da \u65bc2026\u5e743\u670831\u65e5 \u65bc2025\u5e743\u670831\u65e5 \u540c\u6bd4\u8b8a\u52d5 \u65bc2025\u5e7412\u670831\u65e5 \u74b0\u6bd4\u8b8a\u52d5 (\u767e\u842c\u8a08\uff0c\u53e6\u6709\u6307\u660e\u8005\u9664\u5916) \u5fae\u4fe1\u53caWeChat\u7684\u5408\u4f75\u6708\u6d3b\u8e8d\u8cec\u6236\u6578 1,432 1,402 2\u00a0% 1,418 1\u00a0% QQ\u7684\u79fb\u52d5\u7d42\u7aef\u6708\u6d3b\u8e8d\u8cec\u6236\u6578 516 534 -3\u00a0% 508 2\u00a0% \u6536\u8cbb\u589e\u503c\u670d\u52d9\u8a02\u95b1\u6703\u54e1\u6578 266 268 -0.7\u00a0% 267 -0.4\u00a0% 1Q2026\u696d\u52d9\u56de\u9867\u53ca\u5c55\u671b \u6211\u5011\u591a\u6b3e\u9577\u9752\u904a\u6232\u5728\u672c\u5b63\u6d41\u6c34\u5275\u4e0b\u65b0\u9ad8\uff0c\u5305\u62ec\u300a\u738b\u8005\u69ae\u8000\u300b\u3001\u300a\u548c\u5e73\u7cbe\u82f1\u300b\u548c\u300a\u4e09\u89d2\u6d32\u884c\u52d5\u300b\uff0c\u65b0\u904a\u6232\u300a\u6d1b\u514b\u738b\u570b\uff1a\u4e16\u754c\u300b\u4e5f\u5927\u53d7\u6b61\u8fce\u3002 \u6211\u5011\u7684\u667a\u80fd\u6295\u653e\u7522\u54c1\u77e9\u9663\u9a30\u8a0a\u71df\u92b7AIM+\u8ce6\u80fd\u4e86\u5ee3\u544a\u4e3b\u71df\u92b7\u670d\u52d9\u6295\u653e\u91d1\u984d\u7684\u7d0430%\uff0c\u4e26\u5728\u5c0f\u904a\u6232\u3001\u77ed\u5287\u548c\u5fae\u4fe1\u5c0f\u5e97\u5ee3\u544a\u4e3b\u4e2d\u7372\u5f97\u4e86\u5ee3\u6cdb\u61c9\u7528\u3002 \u6211\u5011\u64f4\u5927\u4e86\u8996\u983b\u865f\u5167\u5bb9\u63a8\u85a6\u6a21\u578b\u53c3\u6578\u898f\u6a21\u4e26\u512a\u5316\u4e86\u6a21\u578b\u7b97\u6cd5\uff0c\u5411\u7528\u6236\u63a8\u9001\u66f4\u76f8\u95dc\u7684\u5167\u5bb9\u3002\u8996\u983b\u865f\u7e3d\u7528\u6236\u4f7f\u7528\u6642\u9577\u540c\u6bd4\u589e\u9577\u8d85\u904e20%\u3002 \u6211\u5011\u70ba\u5fae\u4fe1\u5c0f\u5e97\u54c1\u724c\u5546\u5bb6\u63d0\u4f9b\u4e86\u6fc0\u52f5\u63aa\u65bd\uff0c\u4e26\u5411\u8cc7\u6df1\u8cb7\u5bb6\u63a8\u51fa\u4e86\u512a\u60e0\u5238\u5206\u4eab\u529f\u80fd\uff0c\u5fae\u4fe1\u5c0f\u5e97\u4ea4\u6613\u984d\u7dad\u6301\u5feb\u901f\u7684\u540c\u6bd4\u589e\u9577\u3002 \u5546\u696d\u652f\u4ed8\u91d1\u984d\u540c\u6bd4\u589e\u901f\u8f034Q2025\u63d0\u5347\uff0c\u53d7\u76ca\u65bc\u4ea4\u6613\u7b46\u6578\u6301\u7e8c\u589e\u9577\uff0c\u4ee5\u53ca\u96f6\u552e\u8207\u9910\u98f2\u670d\u52d9\u7b49\u54c1\u985e\u7684\u7b46\u5747\u4ea4\u6613\u91d1\u984d\u4e0a\u5347\u3002 \u9a30\u8a0a\u96f2\u6548\u7387AI\u667a\u80fd\u9ad4\u89e3\u6c7a\u65b9\u6848\u5be6\u73fe\u4e86\u5feb\u901f\u7684\u589e\u9577\u8207\u5065\u5eb7\u7684\u7559\u5b58\u7387\u3002\u5176\u4e2d\uff0c\u4ee5\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8a08\uff0cWorkBuddy\u5df2\u6210\u70ba\u4e2d\u570b\u6700\u53d7\u6b61\u8fce\u7684\u6548\u7387AI\u667a\u80fd\u9ad4\u670d\u52d9\u3002 \u56db\u6708\u6211\u5011\u767c\u4f48\u4e86\u57fa\u65bc\u91cd\u69cb\u5f8c\u7684AI\u57fa\u790e\u8a2d\u65bd\u4e0a\u642d\u5efa\u7684Hy3 preview\u5927\u8a9e\u8a00\u6a21\u578b\u3002\u6211\u5011\u76f8\u4fe1Hy3 preview\u5728\u63a8\u7406\u3001\u667a\u80fd\u9ad4\u548c\u4ee3\u78bc\u7684\u80fd\u529b\u4e0a\uff0c\u70ba\u540c\u7b49\u53c3\u6578\u898f\u6a21\u7684\u6a21\u578b\u4e2d\u8868\u73fe\u6700\u4f73\u7684\u3002\u81ea4\u670828\u65e5\u4ee5\u4f86\uff0c\u4ee5token\u6d88\u8017\u91cf\u8a08\uff0c\u5176\u5df2\u6210\u70baOpenRouter\u4e0a\u6700\u5ee3\u53d7\u4f7f\u7528\u7684\u6a21\u578b\u3002 \u6709\u95dc\u66f4\u8a73\u7d30\u7684\u62ab\u9732\uff0c\u8acb\u700f\u89bdhttps:\/\/www.tencent.com\/zh-hk\/investors.html\u6216\u901a\u904e\u5fae\u4fe1\u516c\u773e\u865f(\u5fae\u4fe1\u865f:TencentGlobal)\u5173\u6ce8\u6211\u4eec\u3002 \u5b63\u5ea6\u8a02\u95b1\u6703\u54e1\u6578\u7684\u65e5\u5747\u503c \u9577\u9752\u904a\u6232\u6307\u65bc\u672c\u571f\u53ca\u570b\u969b\u5e02\u5834\uff0c\u5b63\u5ea6\u5e73\u5747\u65e5\u6d3b\u8e8d\u8cec\u6236\u6578\u8d85\u904e500\u842c\u7684\u624b\u904a\u6216\u8d85\u904e200\u842c\u7684\u500b\u4eba\u96fb\u8166\u904a\u6232\uff0c\u4e14\u5e74\u6d41\u6c34\u8d85\u904e\u4eba\u6c11\u5e6340 \u5104\u5143 \u95dc\u65bc\u9a30\u8a0a \u9a30\u8a0a\u4ee5\u6280\u8853\u8c50\u5bcc\u4e92\u806f\u7db2\u7528\u6236\u7684\u751f\u6d3b\u3002 \u901a\u904e\u901a\u4fe1\u53ca\u793e\u4ea4\u670d\u52d9\u5fae\u4fe1\u548cQQ\uff0c\u4fc3\u9032\u7528\u6236\u4e92\u76f8\u9023\u63a5\uff0c\u4e26\u52a9\u5176\u9023\u63a5\u6578\u5b57\u5167\u5bb9\u3001\u7db2\u4e0a\u53ca\u7dda\u4e0b\u670d\u52d9\u3002\u901a\u904e\u5b9a\u5411\u71df\u92b7\u670d\u52d9\uff0c\u52a9\u529b\u5ee3\u544a\u4e3b\u89f8\u9054\u6578\u4ee5\u5104\u8a08\u7684\u4e2d\u570b\u6d88\u8cbb\u8005\u3002\u901a\u904e\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9\uff0c\u4fc3\u9032\u5408\u4f5c\u5925\u4f34\u696d\u52d9\u589e\u9577\uff0c\u52a9\u529b\u5be6\u73fe\u6578\u5b57\u5316\u5347\u7d1a\u3002 \u9a30\u8a0a\u5927\u529b\u6295\u8cc7\u65bc\u4eba\u624d\u968a\u4f0d\u548c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\uff0c\u7a4d\u6975\u53c3\u8207\u4e92\u806f\u7db2\u884c\u696d\u5354\u540c\u767c\u5c55\u3002\u9a30\u8a0a\u65bc1998\u5e74\u5728\u4e2d\u570b\u6df1\u5733\u6210\u7acb\uff0c\u9a30\u8a0a2004\u5e74\u65bc\u9999\u6e2f\u806f\u5408\u4ea4\u6613\u6240\u4e0a\u5e02\u3002 \u6295\u8cc7\u8005\u67e5\u8a62:IR@tencent.com\u5a92\u9ad4\u67e5\u8a62:GC@tencent.com \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf \u70ba\u88dc\u5145\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718(\u300c\u672c\u516c\u53f8\u53ca\u5176\u9644\u5c6c\u516c\u53f8\u300d)\u7d9c\u5408\u696d\u7e3e\uff0c\u82e5\u5e72\u984d\u5916\u7684\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf(\u7d93\u71df\u76c8\u5229\u3001\u7d93\u71df\u5229\u6f64\u7387\u3001\u671f\u5167\u76c8\u5229\u3001\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229\u3001\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u53ca\u6bcf\u80a1\u6524\u8584\u76c8\u5229)\u5df2\u65bc\u672c\u516c\u4f48\u5167\u5448\u5217\u3002\u6b64\u7b49\u672a\u7d93\u5be9\u6838\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u61c9\u88ab\u8996\u70ba\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u5236\u7684\u672c\u96c6\u5718\u8ca1\u52d9\u696d\u7e3e\u7684\u88dc\u5145\u800c\u975e\u66ff\u4ee3\u8a08\u91cf\u3002\u6b64\u5916\uff0c\u6b64\u7b49\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u7684\u5b9a\u7fa9\u53ef\u80fd\u8207\u5176\u4ed6\u516c\u53f8\u6240\u7528\u7684\u985e\u4f3c\u8a5e\u5f59\u6709\u6240\u4e0d\u540c\u3002 \u672c\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u76f8\u4fe1\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u85c9\u6392\u9664\u82e5\u5e72\u975e\u73fe\u91d1\u9805\u76ee\u53ca\u6295\u8cc7\u76f8\u95dc\u4ea4\u6613\u7684\u82e5\u5e72\u5f71\u97ff\u70ba\u6295\u8cc7\u8005\u8a55\u4f30\u672c\u96c6\u5718\u6838\u5fc3\u696d\u52d9\u7684\u696d\u7e3e\u63d0\u4f9b\u6709\u7528\u7684\u88dc\u5145\u8cc7\u6599\u3002\u6b64\u5916\uff0c\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u5305\u62ec\u672c\u96c6\u5718\u4e3b\u8981\u806f\u71df\u516c\u53f8\u7684\u76f8\u95dc\u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\uff0c\u6b64\u4e43\u57fa\u65bc\u76f8\u95dc\u4e3b\u8981\u806f\u71df\u516c\u53f8\u53ef\u7372\u5f97\u7684\u5df2\u516c\u4f48\u8ca1\u52d9\u8cc7\u6599\u6216\u672c\u516c\u53f8\u7ba1\u7406\u5c64\u6839\u64da\u6240\u7372\u5f97\u7684\u8cc7\u6599\u3001\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\u6240\u4f5c\u51fa\u7684\u4f30\u8a08\u3002 \u91cd\u8981\u6ce8\u610f\u4e8b\u9805 \u672c\u65b0\u805e\u7a3f\u8f09\u6709\u524d\u77bb\u6027\u9673\u8ff0\uff0c\u6d89\u53ca\u672c\u96c6\u5718\u7684\u696d\u52d9\u5c55\u671b\u3001\u8ca1\u52d9\u8868\u73fe\u4f30\u8a08\u3001\u9810\u6e2c\u696d\u52d9\u8a08\u5283\u53ca\u589e\u9577\u7b56\u7565\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u672c\u96c6\u5718\u73fe\u6709\u7684\u8cc7\u6599\uff0c\u4ea6\u6309\u672c\u65b0\u805e\u7a3f\u520a\u767c\u4e4b\u6642\u7684\u5c55\u671b\u70ba\u57fa\u6e96\uff0c\u5728\u672c\u65b0\u805e\u7a3f\u5167\u8f09\u5217\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u662f\u6839\u64da\u82e5\u5e72\u9810\u6e2c\u3001\u5047\u8a2d\u53ca\u524d\u63d0\uff0c\u7576\u4e2d\u6709\u4e9b\u6d89\u53ca\u4e3b\u89c0\u56e0\u7d20\u6216\u4e0d\u53d7\u6211\u5011\u63a7\u5236\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6216\u6703\u8b49\u660e\u70ba\u4e0d\u6b63\u78ba\u53ca\u53ef\u80fd\u4e0d\u6703\u5728\u5c07\u4f86\u5be6\u73fe\u3002\u8a72\u7b49\u524d\u77bb\u6027\u9673\u8ff0\u6d89\u53ca\u8a31\u591a\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\u3002\u9451\u65bc\u98a8\u96aa\u53ca\u4e0d\u660e\u6717\u56e0\u7d20\uff0c\u672c\u65b0\u805e\u7a3f\u5167\u6240\u8f09\u5217\u7684\u524d\u77bb\u6027\u9673\u8ff0\u4e0d\u61c9\u8996\u70ba\u8463\u4e8b\u6703\u6216\u672c\u516c\u53f8\u8072\u660e\u8a72\u7b49\u8a08\u5283\u53ca\u76ee\u6a19\u5c07\u6703\u5be6\u73fe\uff0c\u6545\u6295\u8cc7\u8005\u4e0d\u61c9\u904e\u65bc\u501a\u8cf4\u8a72\u7b49\u9673\u8ff0\u3002 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u6536\u76ca\u8868 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 1Q2026 1Q2025 4Q2025 \u6536\u5165 196,458 180,022 194,371 \u00a0\u00a0\u00a0 \u589e\u503c\u670d\u52d9 96,110 92,133 89,920 \u00a0\u00a0\u00a0 \u71df\u92b7\u670d\u52d9 38,171 31,853 41,116 \u00a0\u00a0\u00a0 \u91d1\u878d\u79d1\u6280\u53ca\u4f01\u696d\u670d\u52d9 59,885 54,907 60,818 \u00a0\u00a0\u00a0 \u5176\u4ed6 2,292 1,129 2,517 \u6536\u5165\u6210\u672c (85,193) (79,529) (86,082) \u6bdb\u5229 111,265 100,493 108,289 \u6bdb\u5229\u7387 57\u00a0% 56\u00a0% 56\u00a0% \u92b7\u552e\u53ca\u5e02\u5834\u63a8\u5ee3\u958b\u652f (11,343) (7,866) (12,983) \u4e00\u822c\u53ca\u884c\u653f\u958b\u652f (33,800) (33,664) (36,283) \u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d 1,253 (1,397) 1,315 \u7d93\u71df\u76c8\u5229 67,375 57,566 60,338 \u7d93\u71df\u5229\u6f64\u7387 34\u00a0% 32\u00a0% 31\u00a0% \u6295\u8cc7\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\u53ca\u5176\u4ed6 1,928 1,407 3,303 \u5229\u606f\u6536\u5165 4,025 3,748 4,784 \u8ca1\u52d9\u6210\u672c (2,979) (3,860) (3,573) \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229(\u8667\u640d)\/\u6de8\u984d 3,620 4,581 6,832 \u9664\u7a05\u524d\u76c8\u5229 73,969 63,442 71,684 \u6240\u5f97\u7a05\u958b\u652f (14,577) (13,717) (12,595) \u671f\u5167\u76c8\u5229 59,392 49,725 59,089 \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54: \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba 58,093 47,821 58,260 \u975e\u63a7\u5236\u6027\u6b0a\u76ca 1,299 1,904 829 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7d93\u71df\u76c8\u5229 75,627 69,320 69,518 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 67,905 61,329 64,694 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6bcf\u80a1\u76c8\u5229(\u6bcf\u80a1\u4eba\u6c11\u5e63\u5143) - \u57fa\u672c 6.431 5.252 6.433 - \u6524\u8584 6.302 5.129 6.276 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u5168\u9762\u6536\u76ca\u8868 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 1Q2026 1Q2025 \u671f\u5167\u76c8\u5229 59,392 49,725 \u5176\u4ed6\u5168\u9762\u6536\u76ca(\u9664\u7a05\u6de8\u984d): \u5176\u5f8c\u53ef\u80fd\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca (222) 652 \u8655\u7f6e\u53ca\u8996\u540c\u8655\u7f6e\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5f8c\u5206\u4f54\u5176\u4ed6\u5168\u9762\u6536\u76ca\u8f49\u81f3\u640d\u76ca 135 - \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u00a0 \u91d1\u878d\u8cc7\u7522\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d (60) 106 \u8655\u7f6e\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u5f8c\u8f49\u81f3\u640d\u76ca (19) 1 \u5916\u5e63\u6298\u7b97\u5dee\u984d (13,883) 2,294 \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d (5) (213) \u5176\u5f8c\u4e0d\u6703\u91cd\u65b0\u5206\u985e\u81f3\u640d\u76ca\u7684\u9805\u76ee \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u5176\u4ed6\u5168\u9762\u6536\u76ca (330) 522 \u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522\u7684\u516c\u00a0 \u00a0\u5141\u50f9\u503c\u8b8a\u52d5(\u8667\u640d)\/\u6536\u76ca\u6de8\u984d (66,118) 26,361 \u5916\u5e63\u6298\u7b97\u5dee\u984d (2,887) 370 \u5c0d\u6c96\u5132\u5099\u8b8a\u52d5\u6de8\u984d (3) 6 (83,392) 30,099 \u671f\u5167\u5168\u9762\u6536\u76ca\u7e3d\u984d (24,000) 79,824 \u4e0b\u5217\u4eba\u58eb\u61c9\u4f54: \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba (22,676) 75,858 \u975e\u63a7\u5236\u6027\u6b0a\u76ca (1,324) 3,966 \u00a0 \u00a0 \u5176\u4ed6\u8ca1\u52d9\u8cc7\u6599 \u00a0 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 1Q2026 1Q2025 4Q2025 EBITDA (a) 84,167 73,817 77,126 \u7d93\u8abf\u6574\u7684EBITDA (a) 89,617 81,559 83,048 \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387 (b) 46\u00a0% 45\u00a0% 43\u00a0% \u5229\u606f\u53ca\u76f8\u95dc\u958b\u652f 3,134 3,386 3,323 \u73fe\u91d1\u6de8\u984d (c) 146,860 90,229 107,145 \u8cc7\u672c\u958b\u652f (d) 31,936 27,476 19,632 \u00a0 \u9644\u8a3b (a) EBITDA\u4e43\u6309\u7d93\u71df\u76c8\u5229\u6263\u9664\u5176\u4ed6\u6536\u76ca\/(\u8667\u640d)\u6de8\u984d\uff0c\u52a0\u56de\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750\u3001\u6295\u8cc7\u7269\u696d\u53ca\u4f7f\u7528\u6b0a\u8cc7\u7522\u7684\u6298\u820a\u3001\u4ee5\u53ca\u7121\u5f62\u8cc7\u7522\u53ca\u571f\u5730\u00a0 \u00a0 \u00a0\u4f7f\u7528\u6b0a\u7684\u6524\u92b7\u8a08\u7b97\u3002\u7d93\u8abf\u6574\u7684EBITDA\u4e43\u6309EBITDA\u52a0\u6309\u6b0a\u76ca\u7d50\u7b97\u7684\u80a1\u4efd\u916c\u91d1\u958b\u652f\u8a08\u7b97 (b) \u7d93\u8abf\u6574\u7684EBITDA\u6bd4\u7387\u4e43\u6309\u7d93\u8abf\u6574\u7684EBITDA\u9664\u4ee5\u6536\u5165\u8a08\u7b97 (c) \u73fe\u91d1\u6de8\u984d\u70ba\u671f\u672b\u9918\u984d\uff0c\u4e43\u6839\u64da\u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269\u52a0\u5b9a\u671f\u5b58\u6b3e\u53ca\u5176\u4ed6(\u5305\u62ec\u70ba\u8cc7\u91d1\u7ba1\u7406\u76ee\u7684\u800c\u6301\u6709\u7684\u9ad8\u6d41\u52d5\u6027\u6295\u8cc7\u7522\u54c1)\uff0c\u6e1b\u501f\u6b3e\u53ca\u00a0 \u00a0 \u00a0\u61c9\u4ed8\u7968\u64da\u8a08\u7b97 (d) \u8cc7\u672c\u958b\u652f\u4e3b\u8981\u5305\u62ec\u5c0d\u4fe1\u606f\u6280\u8853\u57fa\u790e\u8a2d\u65bd(\u5305\u62ec\u96fb\u8166\u8a2d\u5099\u3001\u96f6\u914d\u4ef6\u53ca\u8edf\u4ef6)\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u571f\u5730\u4f7f\u7528\u6b0a\u3001\u8fa6\u516c\u5712\u5340\u53ca\u77e5\u8b58\u7522\u6b0a(\u4e0d\u5305\u62ec\u5a92\u00a0 \u00a0 \u00a0\u9ad4\u5167\u5bb9)\u7684\u6295\u5165 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868 \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 \u7d93\u5be9\u6838 \u65bc2026\u5e743\u670831\u65e5 \u65bc2025\u5e7412\u670831\u65e5 \u8cc7\u7522 \u975e\u6d41\u52d5\u8cc7\u7522 \u2003\u7269\u696d\u3001\u8a2d\u5099\u53ca\u5668\u6750 165,666 149,905 \u2003\u571f\u5730\u4f7f\u7528\u6b0a 22,122 22,339 \u2003\u4f7f\u7528\u6b0a\u8cc7\u7522 17,353 17,367 \u2003\u5728\u5efa\u5de5\u7a0b 5,719 9,670 \u2003\u6295\u8cc7\u7269\u696d 1,131 950 \u2003\u7121\u5f62\u8cc7\u7522 199,008 205,999 \u2003\u65bc\u806f\u71df\u516c\u53f8\u7684\u6295\u8cc7 330,532 342,409 \u2003\u65bc\u5408\u71df\u516c\u53f8\u7684\u6295\u8cc7 6,374 6,303 \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522 208,887 207,157 \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522 298,052 356,640 \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522 45,424 24,540 \u5176\u4ed6\u91d1\u878d\u8cc7\u7522 1,084 1,327 \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8cc7\u7522 29,698 28,618 \u2003\u5b9a\u671f\u5b58\u6b3e 73,404 70,302 1,404,454 1,443,526 \u6d41\u52d5\u8cc7\u7522 \u2003\u5b58\u8ca8 582 530 \u2003\u61c9\u6536\u8cec\u6b3e 58,116 49,930 \u2003\u9810\u4ed8\u6b3e\u9805\u3001\u6309\u91d1\u53ca\u5176\u4ed6\u8cc7\u7522 117,147 111,270 \u2003\u5176\u4ed6\u91d1\u878d\u8cc7\u7522 3,779 4,201 \u2003\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u640d\u76ca\u7684\u91d1\u878d\u8cc7\u7522 27,627 35,929 \u00a0 \u00a0\u4ee5\u516c\u5141\u50f9\u503c\u8a08\u91cf\u4e14\u5176\u8b8a\u52d5\u8a08\u5165\u00a0 \u00a0 \u00a0 \u00a0 \u5176\u4ed6\u5168\u9762\u6536\u76ca\u7684\u91d1\u878d\u8cc7\u7522 8,781 8,781 \u2003\u5b9a\u671f\u5b58\u6b3e 205,537 236,801 \u2003\u53d7\u9650\u5236\u73fe\u91d1 7,597 6,977 \u73fe\u91d1\u53ca\u73fe\u91d1\u7b49\u50f9\u7269 217,770 141,041 646,936 595,460 \u8cc7\u7522\u7e3d\u984d 2,051,390 2,038,986 \u00a0 \u00a0 \u7c21\u660e\u7d9c\u5408\u8ca1\u52d9\u72c0\u6cc1\u8868(\u7e8c\u4e0a) \u4eba\u6c11\u5e63\u767e\u842c\u5143(\u7279\u5225\u8aaa\u660e\u9664\u5916) \u672a\u7d93\u5be9\u6838 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u7d93\u5be9\u6838 \u65bc2026\u5e74 \u65bc2025\u5e74 3\u670831\u65e5 12\u670831\u65e5 \u6b0a\u76ca \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u6b0a\u76ca \u2003\u80a1\u672c - - \u2003\u80a1\u672c\u6ea2\u50f9 68,575 63,796 \u2003\u5eab\u5b58\u80a1 (1,060) (3,450) \u00a0 \u00a0 \u80a1\u4efd\u734e\u52f5\u8a08\u5283\u6240\u6301\u80a1\u4efd (8,605) (7,124) \u2003\u5176\u4ed6\u5132\u5099 7,640 90,494 \u2003\u4fdd\u7559\u76c8\u5229 1,061,102 1,010,436 1,127,652 1,154,152 \u975e\u63a7\u5236\u6027\u6b0a\u76ca 83,975 86,913 \u6b0a\u76ca\u7e3d\u984d 1,211,627 1,241,065 \u8ca0\u50b5 \u975e\u6d41\u52d5\u8ca0\u50b5 \u2003\u501f\u6b3e 207,881 208,369 \u2003\u61c9\u4ed8\u7968\u64da 124,350 126,204 \u2003\u9577\u671f\u61c9\u4ed8\u6b3e\u9805 10,752 10,544 \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5 3,679 2,879 \u2003\u905e\u5ef6\u6240\u5f97\u7a05\u8ca0\u50b5 23,591 21,684 \u2003\u79df\u8cc3\u8ca0\u50b5 13,074 13,280 \u2003\u905e\u5ef6\u6536\u5165 2,564 2,210 385,891 385,170 \u6d41\u52d5\u8ca0\u50b5 \u2003\u61c9\u4ed8\u8cec\u6b3e 141,748 121,127 \u2003\u5176\u4ed6\u61c9\u4ed8\u6b3e\u9805\u53ca\u9810\u63d0\u8cbb\u7528 81,153 96,496 \u2003\u501f\u6b3e 51,114 42,618 \u00a0 \u00a0 \u61c9\u4ed8\u7968\u64da 3,460 10,542 \u2003\u6d41\u52d5\u6240\u5f97\u7a05\u8ca0\u50b5 19,961 18,558 \u00a0 \u00a0 \u5176\u4ed6\u7a05\u9805\u8ca0\u50b5 6,130 3,723 \u2003\u5176\u4ed6\u91d1\u878d\u8ca0\u50b5 3,355 3,992 \u2003\u79df\u8cc3\u8ca0\u50b5 5,632 5,386 \u00a0 \u00a0 \u905e\u5ef6\u6536\u5165 141,319 110,309 453,872 412,751 \u8ca0\u50b5\u7e3d\u984d 839,763 797,921 \u6b0a\u76ca\u53ca\u8ca0\u50b5\u7e3d\u984d 2,051,390 2,038,986 \u00a0 \u00a0 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8ca1\u52d9\u8a08\u91cf\u8207\u6839\u64da\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u7de8\u88fd\u7684\u6700\u8fd1\u8a08\u91cf\u4e4b\u9593\u7684\u8abf\u7bc0 \u5df2\u5831\u544a \u8abf\u6574 \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247 \u4eba\u6c11\u5e63\u767e\u842c\u5143\u767e\u5206\u6bd4\u9664\u5916 \u80a1\u4efd\u916c\u91d1 (a) \u4f86\u81ea\u6295\u8cc7\u516c\u53f8\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d (b) \u7121\u5f62\u8cc7\u7522\u6524\u92b7 (c) \u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de) (d) SSV\u53caCPP (e) \u6240\u5f97\u7a05\u5f71\u97ff (f) \u672a\u7d93\u5be9\u6838\u622a\u81f3 2026 \u5e74 3 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708 \u7d93\u71df\u76c8\u5229 67,375 6,534 \u2013 1,578 \u2013 140 \u2013 75,627 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u00a0 \u6de8\u984d 3,620 810 817 1,612 264 \u2013 \u2013 7,123 \u671f\u5167\u76c8\u5229 59,392 7,344 (3,255) 3,190 2,467 765 (130) 69,773 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 58,093 7,193 (3,342) 2,862 2,397 765 (63) 67,905 \u7d93\u71df\u5229\u6f64\u7387 34\u00a0% 38\u00a0% \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e743 \u6708 31 \u65e5\u6b62\u4e09\u500b\u6708 \u7d93\u71df\u76c8\u5229 57,566 10,100 \u2013 1,515 \u2013 139 \u2013 69,320 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d 4,581 968 111 1,713 267 \u2013 \u2013 7,640 \u671f\u5167\u76c8\u5229 49,725 11,068 (31) 3,228 (689) 160 (769) 62,692 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 47,821 10,833 1,081 2,854 (719) 160 (701) 61,329 \u7d93\u71df\u5229\u6f64\u7387 32\u00a0% 39\u00a0% \u672a\u7d93\u5be9\u6838\u622a\u81f3 2025 \u5e7412\u6708 31 \u65e5\u6b62\u4e09\u500b\u6708 \u7d93\u71df\u76c8\u5229 60,338 7,210 \u2013 1,594 \u2013 376 \u2013 69,518 \u5206\u4f54\u806f\u71df\u516c\u53f8\u53ca\u5408\u71df\u516c\u53f8\u76c8\u5229\/ (\u8667\u640d)\u6de8\u984d 6,832 773 (26) 1,522 46 \u2013 \u2013 9,147 \u671f\u5167\u76c8\u5229 59,089 7,983 (7,479) 3,116 3,617 1,338 (953) 66,711 \u672c\u516c\u53f8\u6b0a\u76ca\u6301\u6709\u4eba\u61c9\u4f54\u76c8\u5229 58,260 7,902 (7,515) 2,793 2,812 1,338 (896) 64,694 \u7d93\u71df\u5229\u6f64\u7387 31\u00a0% 36\u00a0% \u00a0 \u9644\u8a3b: (a) \u5305\u62ec\u6388\u4e88\u6295\u8cc7\u516c\u53f8\u50f1\u54e1\u7684\u8a8d\u6cbd\u671f\u6b0a(\u53ef\u7531\u672c\u96c6\u5718\u6536\u8cfc\u7684\u6295\u8cc7\u516c\u53f8\u7684\u80a1\u4efd\u53ca\u6839\u64da\u5176\u80a1\u4efd\u734e\u52f5\u8a08\u5283\u800c\u767c\u884c\u7684\u80a1\u4efd)\u53ca\u5176\u4ed6\u734e\u52f5 (b) \u5305\u62ec\u8996\u540c\u8655\u7f6e\/\u8655\u7f6e\u6295\u8cc7\u516c\u53f8\u3001\u6295\u8cc7\u516c\u53f8\u7684\u516c\u5141\u50f9\u503c\u8b8a\u52d5\u7684(\u6536\u76ca)\/\u8667\u640d\u6de8\u984d\u4ee5\u53ca\u8207\u6295\u8cc7\u516c\u53f8\u80a1\u6b0a\u4ea4\u6613\u76f8\u95dc\u7684\u5176\u4ed6\u958b\u652f (c) \u56e0\u6536\u8cfc\u7522\u751f\u7684\u7121\u5f62\u8cc7\u7522\u6524\u92b7 (d) \u4e3b\u8981\u5305\u62ec\u65bc\u806f\u71df\u516c\u53f8\u3001\u5408\u71df\u516c\u53f8\u3001\u5546\u8b7d\u53ca\u6536\u8cfc\u7522\u751f\u7684\u5176\u4ed6\u7121\u5f62\u8cc7\u7522\u7684\u6e1b\u503c\u64a5\u5099\/(\u64a5\u56de) (e) \u4e3b\u8981\u5305\u62ec\u672c\u96c6\u5718\u53ef\u6301\u7e8c\u793e\u6703\u50f9\u503c\u53ca\u5171\u540c\u5bcc\u88d5\u8a08\u5283\u9805\u76ee\u6240\u7522\u751f\u7684\u6350\u6b3e\u53ca\u958b\u652f (f) \u975e\u570b\u969b\u8ca1\u52d9\u5831\u544a\u6e96\u5247\u8abf\u6574\u7684\u6240\u5f97\u7a05\u5f71\u97ff \u00a0 \u00a0","breadcrumb":{"@id":"https:\/\/pingtungtimes.com.tw\/?p=435317#breadcrumb"},"inLanguage":"zh-TW","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pingtungtimes.com.tw\/?p=435317"]}]},{"@type":"ImageObject","inLanguage":"zh-TW","@id":"https:\/\/pingtungtimes.com.tw\/?p=435317#primaryimage","url":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","contentUrl":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","width":"3000","height":"1990"},{"@type":"BreadcrumbList","@id":"https:\/\/pingtungtimes.com.tw\/?p=435317#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9801","item":"https:\/\/pingtungtimes.com.tw\/"},{"@type":"ListItem","position":2,"name":"\u9a30\u8a0a\u516c\u4f48\u4e8c\u96f6\u4e8c\u516d\u5e74\u7b2c\u4e00\u5b63\u696d\u7e3e"}]},{"@type":"WebSite","@id":"https:\/\/pingtungtimes.com.tw\/#website","url":"https:\/\/pingtungtimes.com.tw\/","name":"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831","description":"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831PingtungTimes\uff0c\u6700\u95dc\u5fc3\u5728\u5730\u7684\u5a92\u9ad4","publisher":{"@id":"https:\/\/pingtungtimes.com.tw\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pingtungtimes.com.tw\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-TW"},{"@type":"Organization","@id":"https:\/\/pingtungtimes.com.tw\/#organization","name":"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831","url":"https:\/\/pingtungtimes.com.tw\/","logo":{"@type":"ImageObject","inLanguage":"zh-TW","@id":"https:\/\/pingtungtimes.com.tw\/#\/schema\/logo\/image\/","url":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","contentUrl":"https:\/\/pingtungtimes.com.tw\/wp-content\/uploads\/2023\/02\/logo-150.png","width":150,"height":150,"caption":"\u5c4f\u6771\u6642\u5831\u96fb\u5b50\u5831"},"image":{"@id":"https:\/\/pingtungtimes.com.tw\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/pingtungnews"]},{"@type":"Person","@id":"https:\/\/pingtungtimes.com.tw\/#\/schema\/person\/683b937f29ec1537972f6c41e22a2cf3","name":"\u7f8e\u901a\u793e","image":{"@type":"ImageObject","inLanguage":"zh-TW","@id":"https:\/\/secure.gravatar.com\/avatar\/6c21e24ce33ca5d4572e343395adac2bbef44ff7035a74ea2cab2443c7f0a5f3?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6c21e24ce33ca5d4572e343395adac2bbef44ff7035a74ea2cab2443c7f0a5f3?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6c21e24ce33ca5d4572e343395adac2bbef44ff7035a74ea2cab2443c7f0a5f3?s=96&d=blank&r=g","caption":"\u7f8e\u901a\u793e"},"url":"https:\/\/pingtungtimes.com.tw\/?author=16"}]}},"_links":{"self":[{"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/435317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=435317"}],"version-history":[{"count":0,"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/435317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=\/wp\/v2\/media\/199219"}],"wp:attachment":[{"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=435317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=435317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pingtungtimes.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=435317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}