| 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 9.32亿 | 9.74亿 | 4.49% | | 归母浄利润（元） | -2.85 Z | -3.2 Z- | -12.30% | | 扣非净利润(元) | -3.04亿 | -3.58 Z | -17.58% | | 货币资金(元) | 7.05亿 | 22.73亿 | 222.37% | | 应收账款(元) | 10.53亿 | 10.71亿 | 1.66% | | 有息负债(元) | 12.18亿 | 14.93亿 | 22.56% | | 毛利率 | 44.41% | 43.32% | -2.44% | | 净利率 | -30.56% | -32.85% | -7.48% | | 三费占营收比 | 13.88% | 14.29% | 2.98% | | 每股净资产 (元) | 4.84 | 6.85 | 41.72% | | 每股收益(元) | -0.57 | -0.64 | -12.28% | | 每股经营性现金流(元) | -0.67 | -0.69 ...

New Energy Vehicles - Lithium carbonate futures have fallen below 60,000 [1] - Concerns arise over a new price war initiated by BYD, with industry insiders suggesting that "hidden price cuts" may persist long-term [1] Technology Developments - Tencent is set to release the world's first multimodal model "Hunyuan-O" [2] - Microsoft has open-sourced a browser agent that can track and control intelligent agents in real-time [2] - Apple is expected to undergo a design revolution for its all-platform operating system [2] - A new myasthenia gravis drug, Udis, has been launched in China by UCB [2] - Apple is rumored to adjust its release strategy to launch two new iPhone models each year [2] - OpenAI plans to establish an office in Seoul within the next few months [2] - Xiaomi has denied rumors that its Xuanjie O1 is a custom chip for Arm [2] - Samsung's HBM3E has nearly passed Nvidia's single-chip certification, although final product certification may be delayed until the second half of the year [2] E-commerce and Delivery Services - Meituan reported that the average monthly income for high-frequency delivery riders in first-tier cities is 10,010 yuan [2] - Meituan's CEO Wang Xing responded to JD.com's 10 billion yuan subsidy for food delivery, stating that the company will spare no effort to win the competition [2] - Approximately 52% of Meituan's new code is generated by AI [2]