{"id":127,"date":"2026-07-27T15:28:04","date_gmt":"2026-07-27T07:28:04","guid":{"rendered":"https:\/\/qince.com\/reports\/?p=127"},"modified":"2026-07-27T15:28:04","modified_gmt":"2026-07-27T07:28:04","slug":"%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue","status":"publish","type":"post","link":"https:\/\/qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/","title":{"rendered":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf"},"content":{"rendered":"<p>\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a2025\u5e741\u670831\u65e5\uff0c\u4e2d\u56fd\u4f11\u95f2\u96f6\u98df\u96f6\u552e\u884c\u4e1a\u8fce\u6765\u91cd\u78c5\u6d88\u606f\u2014\u2014\u603b\u90e8\u4f4d\u4e8e\u6e56\u5357\u7684\u77e5\u540d\u91cf\u8d29\u96f6\u98df\u54c1\u724c<strong>\u6e56\u5357\u9e23\u9e23\u5f88\u5fd9\u5546\u4e1a\u8fde\u9501\u80a1\u4efd\u6709\u9650\u516c\u53f8<\/strong>\uff08\u4ee5\u4e0b\u7b80\u79f0&#8221;\u9e23\u9e23\u5f88\u5fd9&#8221;\uff09\u6b63\u5f0f\u5411\u9999\u6e2f\u8054\u5408\u4ea4\u6613\u6240\u9012\u4ea4\u4e0a\u5e02\u7533\u8bf7\uff0c\u8ba1\u5212\u4e8e\u4e3b\u677f\u6302\u724c\u4e0a\u5e02\u3002\u8fd9\u5bb6\u4ee5<strong>0\u52a0\u76df\u8d39<\/strong>\u653f\u7b56\u5feb\u901f\u6269\u5f20\u7684\u4f01\u4e1a\uff0c2024\u5e74\u8425\u6536\u5df2\u8fbe<strong>393\u4ebf\u5143<\/strong>\uff0c\u95e8\u5e97\u6570\u91cf\u7a81\u7834<strong>2\u4e07\u5bb6<\/strong>\uff0c\u6210\u4e3a\u96f6\u98df\u96f6\u552e\u884c\u4e1a&#8221;\u6e20\u9053\u4e3a\u738b&#8221;\u65f6\u4ee3\u7684\u6807\u6746\u6848\u4f8b\u3002<\/p>\n<h2>\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u4ece\u8857\u5934\u5c0f\u5e97\u5230\u6e2f\u80a1\u4e0a\u5e02<\/h2>\n<p><strong>\u9e23\u9e23\u5f88\u5fd9<\/strong>\u524d\u8eab\u4e3a&#8221;\u96f6\u98df\u5f88\u5fd9&#8221;\uff0c\u6210\u7acb\u4e8e2017\u5e74\u30022023\u5e7411\u6708\uff0c\u516c\u53f8\u901a\u8fc7\u6536\u8d2d<strong>&#8220;\u8d75\u4e00\u9e23\u96f6\u98df&#8221;<\/strong>\u5b8c\u6210\u5408\u5e76\uff0c\u5e76\u66f4\u540d\u4e3a&#8221;\u9e23\u9e23\u5f88\u5fd9&#8221;\u3002\u4ece\u6700\u521d\u7684\u793e\u533a\u5c0f\u5e97\u8d77\u6b65\uff0c\u5230\u5982\u4eca\u8986\u76d6\u5168\u56fd<strong>31\u4e2a<\/strong>\u7701\u5e02\uff0c\u5176\u6269\u5f20\u901f\u5ea6\u60ca\u4eba\u3002<\/p>\n<p>\u8fd9\u79cd\u6269\u5f20\u5e76\u975e\u76f2\u76ee\uff0c\u800c\u662f\u57fa\u4e8e<strong>&#8220;\u4f4e\u4ef7+\u9ad8\u9891+\u4e0b\u6c89&#8221;<\/strong>\u7684\u7cbe\u51c6\u7b56\u7565\u3002\u5176\u4e3b\u653b<strong>\u4e09\u56db\u7ebf\u57ce\u5e02\u548c\u4e61\u9547\u5e02\u573a<\/strong>\uff0c\u4ee59.9\u5143\u96f6\u98df\u6876\u30015\u5143\u996e\u6599\u7b49<strong>\u6781\u81f4\u6027\u4ef7\u6bd4<\/strong>\u4ea7\u54c1\u6293\u4f4f<strong>\u4ef7\u683c\u654f\u611f\u578b\u6d88\u8d39\u8005<\/strong>\uff0c\u5ba2\u5355\u4ef7\u7a33\u5b9a\u572830\u201340\u5143\u533a\u95f4\u3002<\/p>\n<p><img decoding=\"async\" class=\"rich_pages wxw-img\" data-ratio=\"0.562962962962963\" data-s=\"300,640\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\/640?wx_fmt=png&amp;from=appmsg\" data-type=\"png\" data-w=\"1080\" alt=\"\u9e23\u9e23\u5f88\u5fd9\u95e8\u5e97\u6269\u5f20\u6570\u636e\u56fe\u8868 \u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\"><\/p>\n<h2>\u4f9b\u5e94\u94fe\u9a71\u52a8\u7684\u52a0\u76df\u6a21\u5f0f<\/h2>\n<p>\u9e23\u9e23\u5f88\u5fd9\u7684\u4e1a\u52a1\u6a21\u5f0f\u4ee5<strong>&#8220;\u4f9b\u5e94\u94fe\u9a71\u52a8\u7684\u52a0\u76df\u4f53\u7cfb&#8221;<\/strong>\u4e3a\u6838\u5fc3\uff0c\u5f62\u6210\u4e86\u4e00\u5957\u4ece\u4e0a\u6e38\u91c7\u8d2d\u5230\u4e0b\u6e38\u7ec8\u7aef\u9500\u552e\u7684\u5b8c\u6574\u8fd0\u8425\u903b\u8f91\u3002\u5177\u4f53\u6765\u770b\uff0c\u516c\u53f8<strong>99.5%<\/strong>\u7684\u6536\u5165\u6765\u6e90\u4e8e\u5411\u52a0\u76df\u5e97\u9500\u552e\u5546\u54c1\uff0c\u901a\u8fc7<strong>\u4e00\u4f53\u5316\u4f9b\u5e94\u94fe\u5b9e\u73b0\u4f4e\u6210\u672c\u91c7\u8d2d\u548c\u9ad8\u6548\u914d\u9001<\/strong>\u3002<\/p>\n<p>\u76ee\u524d\uff0c\u9e23\u9e23\u5f88\u5fd9\u4e0e\u4e0a\u5343\u5bb6\u4f9b\u5e94\u5546\u5408\u4f5c\uff0c\u8986\u76d6\u96f6\u98df\u3001\u996e\u6599\u3001\u65e5\u5316\u3001\u6f6e\u73a9\u7b49\u54c1\u7c7b\uff0c2024\u5e74\u91c7\u8d2d\u989d\u8d85<strong>360\u4ebf\u5143<\/strong>\u3002<\/p>\n<p><img decoding=\"async\" class=\"rich_pages wxw-img\" data-ratio=\"0.5962962962962963\" data-s=\"300,640\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6pexCxHslYL6J1M4zbVg2ZdtqplIHy5vYNiaWKCxMKK80rEhtv1LYc9FA\/640?wx_fmt=png&amp;from=appmsg\" data-type=\"png\" data-w=\"1080\" alt=\"\u9e23\u9e23\u5f88\u5fd9\u4f9b\u5e94\u94fe\u6a21\u5f0f\u56fe\u89e3 \u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\"><\/p>\n<p>\u540c\u65f6\uff0c\u9e23\u9e23\u5f88\u5fd9\u7684\u52a0\u76df\u5546\u4eab\u53d7<strong>&#8220;\u4e94\u4e2a0\u653f\u7b56&#8221;\uff08\u96f6\u52a0\u76df\u8d39\u3001\u7ba1\u7406\u8d39\u7b49\uff09<\/strong>\uff0c\u4f46\u9700\u9075\u5b88\u4e25\u683c\u7684\u95e8\u5e97\u6807\u51c6\u548c\u5e93\u5b58\u7ba1\u7406\u3002\u8fd9\u79cd\u6a21\u5f0f\u7c7b\u4f3c\u4e8e&#8221;\u96f6\u98df\u754c\u7684\u62fc\u591a\u591a+\u9ea6\u5f53\u52b3&#8221;\uff0c\u901a\u8fc7\u89c4\u6a21\u6548\u5e94\u644a\u8584\u6210\u672c\uff0c\u5e74\u590d\u5408\u589e\u957f\u7387\u9ad8\u8fbe<strong>173%<\/strong>\u7684GMV\u4fbf\u662f\u6700\u597d\u8bc1\u660e\u3002<\/p>\n<p>\u53e6\u4e00\u65b9\u9762\uff0c\u4f1a\u5458\u4f53\u7cfb\u4e5f\u529f\u4e0d\u53ef\u6ca1\u3002\u622a\u81f32024\u5e74\u5e95\uff0c\u4f1a\u5458\u8d85<strong>1.2\u4ebf<\/strong>\uff0c\u8d21\u732e\u4e86<strong>80%<\/strong>\u4ee5\u4e0a\u7684\u4ea4\u6613\u989d\uff0c\u901a\u8fc7\u5c0f\u7a0b\u5e8f\u548c\u6570\u636e\u5206\u6790\u5b9e\u73b0\u7cbe\u51c6\u8425\u9500\u3002<\/p>\n<p>\u4ed6\u4eec\u7684&#8221;\u8ba9\u5229\u5f0f\u589e\u957f&#8221;\u7406\u5ff5\uff0c\u8ba9\u9e23\u9e23\u5f88\u5fd9\u57282022-2024\u5e74\u95f4\u95e8\u5e97\u4ece<strong>1,799\u5bb6<\/strong>\u66b4\u589e\u81f3<strong>14,090\u5bb6<\/strong>\uff0c\u5e76\u57282025\u5e74\u8fdb\u4e00\u6b65\u6269\u5f20\u81f3<strong>2\u4e07\u5bb6<\/strong>\u3002<\/p>\n<p>\u8fd9\u53cd\u6620\u4e86\u4e2d\u56fd\u96f6\u98df\u5e02\u573a\u4ece<strong>&#8220;\u54c1\u724c\u5bfc\u5411&#8221;<\/strong>\u5411<strong>&#8220;\u6e20\u9053\u4e3a\u738b&#8221;<\/strong>\u7684\u8f6c\u53d8\uff0c\u5c24\u5176\u5728\u7ecf\u6d4e\u4e0b\u884c\u671f\uff0c<strong>\u4f4e\u4ef7\u96f6\u98df\u6210\u4e3a\u521a\u9700<\/strong>\u3002<\/p>\n<h2>\u9e23\u9e23\u5f88\u5fd9\u4e0e\u4e07\u8fb0\u96c6\u56e2\u53d1\u5c55\u8def\u5f84\u5bf9\u6bd4<\/h2>\n<p>\u63d0\u5230\u9e23\u9e23\u5f88\u5fd9\uff0c\u4e0d\u5f97\u4e0d\u63d0\u53e6\u4e00\u4e2a\u56fd\u6c11\u96f6\u98df\u5c0f\u5e97\u2014\u2014\u597d\u60f3\u6765\u3002\u800c\u597d\u60f3\u6765\u80cc\u540e\u7684<strong>\u4e07\u8fb0\u96c6\u56e2<\/strong>\u6b63\u662f\u8fd1\u5e74\u6765\u4e2d\u56fd\u91cf\u8d29\u96f6\u98df\u8d5b\u9053\u4e2d\u4e0e\u9e23\u9e23\u5f88\u5fd9\u5e76\u9a7e\u9f50\u9a71\u7684\u53e6\u4e00\u5927\u5de8\u5934\uff0c\u4e24\u8005\u5171\u540c\u6539\u5199\u4e86\u4e2d\u56fd\u96f6\u98df\u96f6\u552e\u683c\u5c40\uff0c\u4f46\u8def\u5f84\u4e0d\u540c\u3002<\/p>\n<p><img decoding=\"async\" class=\"rich_pages wxw-img\" data-ratio=\"0.5933014354066986\" data-s=\"300,640\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLpVHoDG5DHhWHhARx9dicuaC51rT5RO4ptDt9MSTWiaQglgLHm1YT9ribumkmwWEMqjf1nrCRjBEgVg\/640?wx_fmt=png&amp;from=appmsg\" data-type=\"png\" data-w=\"1045\" alt=\"\u9e23\u9e23\u5f88\u5fd9\u4e0e\u4e07\u8fb0\u96c6\u56e2\u95e8\u5e97\u6570\u91cf\u5bf9\u6bd4 \u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\"><\/p>\n<p>\u4e07\u8fb0\u96c6\u56e2\u6210\u7acb\u4e8e2021\u5e74\uff0c\u539f\u672c\u662f\u4e00\u5bb6<strong>\u4e13\u6ce8\u4e8e\u98df\u7528\u83cc\u7814\u53d1<\/strong>\u3001\u5de5\u5382\u5316\u57f9\u80b2\u4e0e\u9500\u552e\u7684\u73b0\u4ee3\u5316\u519c\u4e1a\u4f01\u4e1a\u30022022\u5e748\u6708\uff0c\u5176\u8bbe\u7acb\u63a7\u80a1\u5b50\u516c\u53f8\u5357\u4eac\u4e07\u5174\uff0c\u6b63\u5f0f\u8fdb\u519b\u91cf\u8d29\u96f6\u98df\u8fde\u9501\u4e1a\u52a1\uff0c\u540c\u65f6\u5960\u5b9a\u5176<strong>\u534e\u4e1c\u4e3b\u6218\u573a<\/strong>\u3002<\/p>\n<p><img decoding=\"async\" class=\"rich_pages wxw-img\" data-ratio=\"0.39444444444444443\" data-s=\"300,640\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6p17FVIh0xOe1Qe7JSJCxK9VFE6Bj8Zfic6wLQNW54jXT69iaodHswlEBQ\/640?wx_fmt=png&amp;from=appmsg\" data-type=\"png\" data-w=\"1080\" alt=\"\u597d\u60f3\u6765\u54c1\u724c\u95e8\u5e97\u5f62\u8c61 \u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\"><\/p>\n<p>\u9e23\u9e23\u5f88\u5fd9\u548c\u597d\u60f3\u6765\u4e24\u5bb6\u95e8\u5e97\u6570\u91cf\u5728\u4e09\u5e74\u5185\u90fd\u75af\u72c2\u6269\u5f20\uff0c\u5176\u90fd\u91c7\u7528<strong>\u52a0\u76df\u6a21\u5f0f<\/strong>\u3002\u540c\u4f20\u7edf\u52a0\u76df\u6a21\u5f0f\u4e0d\u4e00\u6837\uff0c\u4e24\u5bb6\u6536\u5165\u8d85<strong>95%<\/strong>\u6e90\u4e8e\u5411\u52a0\u76df\u95e8\u5e97\u9500\u552e\u5546\u54c1\uff0c\u800c<strong>\u975e\u52a0\u76df\u8d39<\/strong>\u3002\u8fd9\u4e5f\u4f7f\u5f97\u4ed6\u4eec\u7684\u5229\u76ca<strong>\u4e0e\u52a0\u76df\u5546\u6df1\u5ea6\u7ed1\u5b9a<\/strong>\uff0c\u4ece\u800c\u5b9e\u73b0<strong>\u4e09\u5e74\u8d85\u5341\u500d<\/strong>\u7684\u95e8\u5e97\u6570\u91cf\u6269\u5f20\u901f\u5ea6\u3002\u800c\u4e24\u8005\u4e5f\u6709\u4e00\u5b9a\u7684\u5dee\u5f02\u3002<\/p>\n<p><img decoding=\"async\" class=\"rich_pages wxw-img\" data-ratio=\"0.4703703703703704\" data-s=\"300,640\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6plpkXthvB0TtGAFwXtUbdqvwmkpgeDThBYlB5UyJpibRzbnl0dl3R8XQ\/640?wx_fmt=png&amp;from=appmsg\" data-type=\"png\" data-w=\"1080\" alt=\"\u9e23\u9e23\u5f88\u5fd9\u4e0e\u4e07\u8fb0\u96c6\u56e2\u8d22\u52a1\u6570\u636e\u5bf9\u6bd4 \u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\"><\/p>\n<p><strong>\u4e07\u8fb0\u96c6\u56e2\uff1a\u5e76\u8d2d\u6574\u5408\uff0c\u591a\u54c1\u724c\u77e9\u9635<\/strong><\/p>\n<p>\u5176\u524d\u8eab\u4e3a<strong>&#8220;\u98df\u7528\u83cc\u7b2c\u4e00\u80a1&#8221;<\/strong>\uff0c\u901a\u8fc7\u8d44\u672c\u624b\u6bb5\u5feb\u901f\u5e76\u8d2d\u6574\u5408\u4e86<strong>&#8220;\u597d\u60f3\u6765&#8221;&#8221;\u6765\u4f18\u54c1&#8221;&#8221;\u5416\u5600\u5416\u5600&#8221;&#8221;\u9646\u5c0f\u998b&#8221;<\/strong>\u7b49\u591a\u4e2a\u533a\u57df\u54c1\u724c\uff0c\u5f62\u6210\u591a\u54c1\u724c\u77e9\u9635\u3002\u4e07\u8fb0\u96c6\u56e2\u7684\u4f18\u52bf\u5728\u4e8e<strong>\u8d44\u672c\u5b9e\u529b\u96c4\u539a<\/strong>\uff0c\u80fd\u591f\u5feb\u901f\u6574\u5408\u533a\u57df\u54c1\u724c\uff0c\u4f46\u591a\u54c1\u724c\u8fd0\u8425\u4e5f\u5e26\u6765\u4e86<strong>\u7ba1\u7406\u590d\u6742\u5ea6<\/strong>\u7684\u6311\u6218\u3002<\/p>\n<p><strong>\u9e23\u9e23\u5f88\u5fd9\uff1a\u5355\u54c1\u724c\u6df1\u8015\uff0c\u4f9b\u5e94\u94fe\u6781\u81f4<\/strong><\/p>\n<p>\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u9e23\u9e23\u5f88\u5fd9\u575a\u6301<strong>\u5355\u54c1\u724c\u7b56\u7565<\/strong>\uff0c\u901a\u8fc7&#8221;\u96f6\u98df\u5f88\u5fd9&#8221;\u548c&#8221;\u8d75\u4e00\u9e23\u96f6\u98df&#8221;\u7684\u5408\u5e76\u5b9e\u73b0\u89c4\u6a21\u6548\u5e94\uff0c\u800c\u975e\u591a\u54c1\u724c\u5e76\u884c\u3002\u5176\u6838\u5fc3\u4f18\u52bf\u5728\u4e8e<strong>\u4f9b\u5e94\u94fe\u6548\u7387<\/strong>\u2014\u2014\u901a\u8fc7\u96c6\u4e2d\u91c7\u8d2d\u3001\u81ea\u5efa\u7269\u6d41\u4ed3\u50a8\u4f53\u7cfb\uff0c\u5c06\u5546\u54c1\u6210\u672c\u538b\u81f3\u6781\u4f4e\uff0c\u4ece\u800c\u652f\u6491\u7ec8\u7aef\u7684\u4f4e\u4ef7\u7b56\u7565\u3002<\/p>\n<h2>0\u52a0\u76df\u8d39\u6a21\u5f0f\u7684\u5546\u4e1a\u903b\u8f91<\/h2>\n<p>\u9e23\u9e23\u5f88\u5fd9\u7684<strong>0\u52a0\u76df\u8d39<\/strong>\u653f\u7b56\u770b\u4f3c&#8221;\u4e8f\u672c&#8221;\uff0c\u5b9e\u5219\u662f\u7cbe\u5999\u7684\u5546\u4e1a\u8bbe\u8ba1\uff1a<\/p>\n<ul>\n<li><strong>\u6536\u5165\u7ed3\u6784\u8f6c\u578b<\/strong>\uff1a\u4e0d\u9760\u52a0\u76df\u8d39\u76c8\u5229\uff0c\u800c\u662f\u901a\u8fc7\u5411\u52a0\u76df\u5e97\u6279\u53d1\u5546\u54c1\u8d5a\u53d6\u5dee\u4ef7\uff0c\u6536\u5165\u4e0e\u95e8\u5e97\u9500\u552e\u4e1a\u7ee9\u76f4\u63a5\u6302\u94a9<\/li>\n<li><strong>\u964d\u4f4e\u51c6\u5165\u95e8\u69db<\/strong>\uff1a0\u52a0\u76df\u8d39\u5438\u5f15\u66f4\u591a\u521b\u4e1a\u8005\u52a0\u5165\uff0c\u52a0\u901f\u95e8\u5e97\u7f51\u7edc\u6269\u5f20<\/li>\n<li><strong>\u5229\u76ca\u6df1\u5ea6\u7ed1\u5b9a<\/strong>\uff1a\u603b\u90e8\u4e0e\u52a0\u76df\u5546\u5f62\u6210&#8221;\u547d\u8fd0\u5171\u540c\u4f53&#8221;\uff0c\u603b\u90e8\u6709\u52a8\u529b\u6301\u7eed\u4f18\u5316\u4f9b\u5e94\u94fe\uff0c\u5e2e\u52a9\u95e8\u5e97\u63d0\u5347\u9500\u552e<\/li>\n<li><strong>\u89c4\u6a21\u6548\u5e94\u53d8\u73b0<\/strong>\uff1a2\u4e07\u5bb6\u95e8\u5e97\u5f62\u6210\u5de8\u5927\u7684\u91c7\u8d2d\u8bae\u4ef7\u80fd\u529b\uff0c2024\u5e74360\u4ebf\u91c7\u8d2d\u989d\u652f\u6491\u6781\u81f4\u4f4e\u4ef7<\/li>\n<\/ul>\n<p>\u8fd9\u79cd\u6a21\u5f0f\u7684\u6210\u529f\uff0c\u5370\u8bc1\u4e86<strong>&#8220;\u6e20\u9053\u4e3a\u738b&#8221;<\/strong>\u5728\u96f6\u98df\u96f6\u552e\u884c\u4e1a\u7684\u6709\u6548\u6027\u2014\u2014\u5f53\u54c1\u724c\u6ea2\u4ef7\u96be\u4ee5\u6301\u7eed\u65f6\uff0c\u8c01\u80fd\u4ee5\u66f4\u4f4e\u6210\u672c\u3001\u66f4\u9ad8\u6548\u7387\u89e6\u8fbe\u6d88\u8d39\u8005\uff0c\u8c01\u5c31\u80fd\u8d62\u5f97\u5e02\u573a\u3002<\/p>\n<h2>\u884c\u4e1a\u5c55\u671b\u4e0e\u6311\u6218<\/h2>\n<p>\u9e23\u9e23\u5f88\u5fd9\u7684<strong>\u6e2f\u80a1\u4e0a\u5e02<\/strong>\u5c06\u4e3a\u91cf\u8d29\u96f6\u98df\u8d5b\u9053\u6ce8\u5165\u65b0\u7684\u8d44\u672c\u6d3b\u529b\uff0c\u4f46\u4e5f\u9762\u4e34\u6311\u6218\uff1a<\/p>\n<ul>\n<li><strong>\u540c\u8d28\u5316\u7ade\u4e89<\/strong>\uff1a\u4e07\u8fb0\u96c6\u56e2\u3001\u96f6\u98df\u6709\u9e23\u7b49\u7ade\u4e89\u5bf9\u624b\u540c\u6837\u91c7\u7528\u4f4e\u4ef7+\u52a0\u76df\u6a21\u5f0f\uff0c\u5dee\u5f02\u5316\u7a7a\u95f4\u6709\u9650<\/li>\n<li><strong>\u52a0\u76df\u5546\u7ba1\u7406<\/strong>\uff1a2\u4e07\u5bb6\u95e8\u5e97\u7684\u6807\u51c6\u5316\u8fd0\u8425\u3001\u54c1\u63a7\u96be\u5ea6\u5de8\u5927<\/li>\n<li><strong>\u76c8\u5229\u53ef\u6301\u7eed\u6027<\/strong>\uff1a\u6781\u81f4\u4f4e\u4ef7\u7b56\u7565\u4e0b\uff0c\u6bdb\u5229\u7387\u627f\u538b\uff0c\u9700\u6301\u7eed\u4f18\u5316\u4f9b\u5e94\u94fe\u6548\u7387<\/li>\n<li><strong>\u4e0b\u6c89\u5e02\u573a\u5929\u82b1\u677f<\/strong>\uff1a\u4e09\u56db\u7ebf\u57ce\u5e02\u548c\u4e61\u9547\u5e02\u573a\u7684\u6d88\u8d39\u529b\u589e\u957f\u5b58\u5728\u4e0d\u786e\u5b9a\u6027<\/li>\n<\/ul>\n<p>\u5c3d\u7ba1\u5982\u6b64\uff0c\u9e23\u9e23\u5f88\u5fd9\u7684\u4e0a\u5e02\u4ecd\u6807\u5fd7\u7740\u4e2d\u56fd\u96f6\u98df\u96f6\u552e\u884c\u4e1a\u8fdb\u5165<strong>&#8220;\u786c\u6298\u6263&#8221;\u65f6\u4ee3<\/strong>\u7684\u65b0\u9636\u6bb5\u3002\u4ece\u54c1\u724c\u9a71\u52a8\u5230\u6e20\u9053\u9a71\u52a8\uff0c\u4ece\u4e00\u4e8c\u7ebf\u57ce\u5e02\u5230\u4e0b\u6c89\u5e02\u573a\uff0c\u4ece\u52a0\u76df\u8d39\u6a21\u5f0f\u5230\u4f9b\u5e94\u94fe\u53d8\u73b0\u2014\u2014\u8fd9\u573a\u53d8\u9769\u6b63\u5728\u91cd\u5851\u6574\u4e2a\u884c\u4e1a\u7684\u7ade\u4e89\u683c\u5c40\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2025\u5e741\u6708\uff0c\u91cf\u8d29\u96f6\u98df\u5de8\u5934\u9e23\u9e23\u5f88\u5fd9\u5411\u6e2f\u4ea4\u6240\u9012\u4ea4\u4e0a\u5e02\u7533\u8bf7\u3002\u51ed\u501f0\u52a0\u76df\u8d39\u653f\u7b56\u548c\u4f9b\u5e94\u94fe\u9a71\u52a8\u7684\u52a0\u76df\u6a21\u5f0f\uff0c\u516c\u53f8\u95e8\u5e97\u7a81\u78342\u4e07\u5bb6\uff0c\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\uff0c\u6210\u4e3a\u96f6\u98df\u96f6\u552e\u884c\u4e1a\u6e20\u9053\u53d8\u9769\u7684\u5178\u578b\u4ee3\u8868\u3002<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gsai_meta_description":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002","_gsai_focus_keywords":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373, \u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02, \u91cf\u8d29\u96f6\u98df, 0\u52a0\u76df\u8d39, \u96f6\u98df\u5f88\u5fd9, \u8d75\u4e00\u9e23\u96f6\u98df, \u4e07\u8fb0\u96c6\u56e2, \u597d\u60f3\u6765","_gsai_schema_enabled":true,"_gsai_schema_types":["Article","WebPage","BreadcrumbList","FAQPage","HowTo"],"_gsai_faqs":[],"rank_math_title":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf","rank_math_description":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002","rank_math_focus_keyword":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373, \u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02, \u91cf\u8d29\u96f6\u98df, 0\u52a0\u76df\u8d39, \u96f6\u98df\u5f88\u5fd9, \u8d75\u4e00\u9e23\u96f6\u98df, \u4e07\u8fb0\u96c6\u56e2, \u597d\u60f3\u6765","footnotes":""},"categories":[1],"tags":[],"class_list":["post-127","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf<\/title>\n<meta name=\"description\" content=\"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qince.com\/reports\/news\/\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf\" \/>\n<meta property=\"og:description\" content=\"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wordpress.qince.com\/reports\/news\/\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"\u52e4\u7b56\u6d88\u8d39\u7814\u7a76\u884c\u4e1a\u62a5\u544a\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-27T07:28:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\/640?wx_fmt=png&amp;from=appmsg\" \/>\n<meta name=\"author\" content=\"\u52e4\u7b56\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u52e4\u7b56\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/\"},\"author\":{\"name\":\"\u52e4\u7b56\",\"@id\":\"https:\\\/\\\/qince.com\\\/reports\\\/#\\\/schema\\\/person\\\/9fdfca36b0e77bbd14e7a94c033a1b3d\"},\"headline\":\"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf\",\"datePublished\":\"2026-07-27T07:28:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/\"},\"wordCount\":2,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mmbiz.qpic.cn\\\/mmbiz_png\\\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\\\/640?wx_fmt=png&amp;from=appmsg\",\"articleSection\":[\"\u70ed\u70b9\u65b0\u95fb\"],\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/\",\"url\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/\",\"name\":\"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/qince.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mmbiz.qpic.cn\\\/mmbiz_png\\\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\\\/640?wx_fmt=png&amp;from=appmsg\",\"datePublished\":\"2026-07-27T07:28:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/qince.com\\\/reports\\\/#\\\/schema\\\/person\\\/9fdfca36b0e77bbd14e7a94c033a1b3d\"},\"description\":\"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#breadcrumb\"},\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mmbiz.qpic.cn\\\/mmbiz_png\\\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\\\/640?wx_fmt=png&amp;from=appmsg\",\"contentUrl\":\"https:\\\/\\\/mmbiz.qpic.cn\\\/mmbiz_png\\\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\\\/640?wx_fmt=png&amp;from=appmsg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/wordpress.qince.com\\\/reports\\\/news\\\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9875\",\"item\":\"https:\\\/\\\/qince.com\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/qince.com\\\/reports\\\/#website\",\"url\":\"https:\\\/\\\/qince.com\\\/reports\\\/\",\"name\":\"\u52e4\u7b56\u6d88\u8d39\u7814\u7a76\u884c\u4e1a\u62a5\u544a\",\"description\":\"\u4e13\u6ce8\u5feb\u6d88\u54c1\u884c\u4e1a\u6d1e\u5bdf\u4e0e\u6d88\u8d39\u8d8b\u52bf\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/qince.com\\\/reports\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/qince.com\\\/reports\\\/#\\\/schema\\\/person\\\/9fdfca36b0e77bbd14e7a94c033a1b3d\",\"name\":\"\u52e4\u7b56\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0cb6e0c9a8f35050775377c83282aac332b1e46cb269d3f07c99c44193e5fb95?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0cb6e0c9a8f35050775377c83282aac332b1e46cb269d3f07c99c44193e5fb95?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0cb6e0c9a8f35050775377c83282aac332b1e46cb269d3f07c99c44193e5fb95?s=96&d=mm&r=g\",\"caption\":\"\u52e4\u7b56\"},\"sameAs\":[\"https:\\\/\\\/wordpress.qince.com\"],\"url\":\"https:\\\/\\\/qince.com\\\/reports\\\/author\\\/chenyuxin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf","description":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002","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:\/\/qince.com\/reports\/news\/\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/","og_locale":"zh_CN","og_type":"article","og_title":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf","og_description":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002","og_url":"https:\/\/wordpress.qince.com\/reports\/news\/\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/","og_site_name":"\u52e4\u7b56\u6d88\u8d39\u7814\u7a76\u884c\u4e1a\u62a5\u544a","article_published_time":"2026-07-27T07:28:04+00:00","og_image":[{"url":"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\/640?wx_fmt=png&amp;from=appmsg","type":"","width":"","height":""}],"author":"\u52e4\u7b56","twitter_card":"summary_large_image","twitter_misc":{"\u4f5c\u8005":"\u52e4\u7b56"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#article","isPartOf":{"@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/"},"author":{"name":"\u52e4\u7b56","@id":"https:\/\/qince.com\/reports\/#\/schema\/person\/9fdfca36b0e77bbd14e7a94c033a1b3d"},"headline":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf","datePublished":"2026-07-27T07:28:04+00:00","mainEntityOfPage":{"@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/"},"wordCount":2,"commentCount":0,"image":{"@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\/640?wx_fmt=png&amp;from=appmsg","articleSection":["\u70ed\u70b9\u65b0\u95fb"],"inLanguage":"zh-Hans","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/","url":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/","name":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf","isPartOf":{"@id":"https:\/\/qince.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#primaryimage"},"image":{"@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#primaryimage"},"thumbnailUrl":"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\/640?wx_fmt=png&amp;from=appmsg","datePublished":"2026-07-27T07:28:04+00:00","author":{"@id":"https:\/\/qince.com\/reports\/#\/schema\/person\/9fdfca36b0e77bbd14e7a94c033a1b3d"},"description":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a\u9e23\u9e23\u5f88\u5fd9\u9012\u4ea4\u6e2f\u80a1\u4e0a\u5e02\u7533\u8bf7\uff0c0\u52a0\u76df\u8d39\u6a21\u5f0f\u4e0b\u5e74\u8425\u6536\u8fbe393\u4ebf\u5143\u3002\u89e3\u6790\u5176\u4f9b\u5e94\u94fe\u9a71\u52a8\u52a0\u76df\u4f53\u7cfb\u3001\u4e0b\u6c89\u5e02\u573a\u7b56\u7565\u53ca\u4e0e\u4e07\u8fb0\u96c6\u56e2\u7684\u7ade\u4e89\u683c\u5c40\u3002","breadcrumb":{"@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#breadcrumb"},"inLanguage":"zh-Hans","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/"]}]},{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#primaryimage","url":"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\/640?wx_fmt=png&amp;from=appmsg","contentUrl":"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/8nRyeFZ2aYLic4FfAicvA55OUeJLiaONr6poia67L33jzskH5EOBx0xjqN4cOZRN3PbXibJLHWb2NzdKqXJKJD3dpOg\/640?wx_fmt=png&amp;from=appmsg"},{"@type":"BreadcrumbList","@id":"https:\/\/wordpress.qince.com\/reports\/news\/%e9%b8%a3%e9%b8%a3%e5%be%88%e5%bf%99%e4%b8%8a%e5%b8%82%e5%9c%a8%e5%8d%b3-mingming-henmang-ipo-zero-franchise-fee-39-billion-revenue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9875","item":"https:\/\/qince.com\/reports\/"},{"@type":"ListItem","position":2,"name":"\u9e23\u9e23\u5f88\u5fd9\u4e0a\u5e02\u5728\u5373\uff1a0\u52a0\u76df\u8d39\u5982\u4f55\u5b9e\u73b0\u5e74\u8425\u6536393\u4ebf"}]},{"@type":"WebSite","@id":"https:\/\/qince.com\/reports\/#website","url":"https:\/\/qince.com\/reports\/","name":"\u52e4\u7b56\u6d88\u8d39\u7814\u7a76\u884c\u4e1a\u62a5\u544a","description":"\u4e13\u6ce8\u5feb\u6d88\u54c1\u884c\u4e1a\u6d1e\u5bdf\u4e0e\u6d88\u8d39\u8d8b\u52bf","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/qince.com\/reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-Hans"},{"@type":"Person","@id":"https:\/\/qince.com\/reports\/#\/schema\/person\/9fdfca36b0e77bbd14e7a94c033a1b3d","name":"\u52e4\u7b56","image":{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/secure.gravatar.com\/avatar\/0cb6e0c9a8f35050775377c83282aac332b1e46cb269d3f07c99c44193e5fb95?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/0cb6e0c9a8f35050775377c83282aac332b1e46cb269d3f07c99c44193e5fb95?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0cb6e0c9a8f35050775377c83282aac332b1e46cb269d3f07c99c44193e5fb95?s=96&d=mm&r=g","caption":"\u52e4\u7b56"},"sameAs":["https:\/\/wordpress.qince.com"],"url":"https:\/\/qince.com\/reports\/author\/chenyuxin\/"}]}},"_links":{"self":[{"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/posts\/127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/comments?post=127"}],"version-history":[{"count":1,"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/posts\/127\/revisions"}],"predecessor-version":[{"id":322,"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/posts\/127\/revisions\/322"}],"wp:attachment":[{"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/media?parent=127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/categories?post=127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qince.com\/reports\/wp-json\/wp\/v2\/tags?post=127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}