{"id":167,"date":"2026-07-27T13:30:13","date_gmt":"2026-07-27T05:30:13","guid":{"rendered":"https:\/\/qince.com\/reports\/?p=167"},"modified":"2026-07-27T14:29:02","modified_gmt":"2026-07-27T06:29:02","slug":"2026ruqi","status":"publish","type":"post","link":"https:\/\/qince.com\/reports\/report\/2026ruqi\/","title":{"rendered":"\u884c\u4e1a\u62a5\u544a\uff1a\u4e2d\u56fd\u529f\u80fd\u6027\u4e73\u54c1\u884c\u4e1a\u62a5\u544a\uff1a\u4f0a\u5229\u91d1\u5178A2\u536028%\u4efd\u989d\uff0c\u8499\u725b\u8fc8\u80dc\u8de8\u754c\u8fd0\u52a8\u8425\u517b"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u884c\u4e1a\u62a5\u544a\uff1a2025\u5e74\u4e2d\u56fd\u4e73\u5236\u54c1\u5e02\u573a\u5448\u73b0\u660e\u663e\u5206\u5316\uff1a\u4f20\u7edf\u767d\u5976\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u6ed16.4%\uff0c\u9178\u5976\u4e0b\u964d5.8%\uff0c\u800c<strong>\u529f\u80fd\u6027\u4e73\u54c1<\/strong>\u8d5b\u9053\u9006\u52bf\u7a81\u56f4\uff0c\u4e94\u5e74\u5e02\u573a\u89c4\u6a21\u589e\u957f167%\uff0c\u6210\u4e3a\u884c\u4e1a\u6700\u5927\u589e\u957f\u6781\u3002<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#\u884c\u4e1a\u62a5\u544a\uff1a\u4e00\u3001\u884c\u4e1a\u73b0\u72b6\uff1a\u7ed3\u6784\u6027\u673a\u4f1a\u6d6e\u73b0\">\u884c\u4e1a\u62a5\u544a\uff1a\u4e00\u3001\u884c\u4e1a\u73b0\u72b6\uff1a\u7ed3\u6784\u6027\u673a\u4f1a\u6d6e\u73b0<\/a><ul><li><a href=\"#\u5e02\u573a\u89c4\u6a21\u7206\u53d1\uff0c\u4e94\u5e74\u589e\u957f-167\">\u5e02\u573a\u89c4\u6a21\u7206\u53d1\uff0c\u4e94\u5e74\u589e\u957f167%<\/a><\/li><li><a href=\"#\u53cc\u96c4\u9886\u8dd1\u7684\u7ade\u4e89\u683c\u5c40\">\u53cc\u96c4\u9886\u8dd1\u7684\u7ade\u4e89\u683c\u5c40<\/a><\/li><\/ul><\/li><li><a href=\"#\u4e8c\u3001\u6838\u5fc3\u8d5b\u9053\uff1a-a-2-\u86cb\u767d\u4e0e\u76ca\u751f\u83cc\u53cc\u8f6e\u9a71\u52a8\">\u4e8c\u3001\u6838\u5fc3\u8d5b\u9053\uff1aA2\u86cb\u767d\u4e0e\u76ca\u751f\u83cc\u53cc\u8f6e\u9a71\u52a8<\/a><ul><li><a href=\"#a-2-\u86cb\u767d\uff1a\u6d88\u5316\u53cb\u597d\u7684\u9ad8\u7aef\u9009\u62e9\">A2\u86cb\u767d\uff1a\u6d88\u5316\u53cb\u597d\u7684\u9ad8\u7aef\u9009\u62e9<\/a><\/li><\/ul><\/li><li><a href=\"#\u4e09\u3001\u54c1\u724c\u6848\u4f8b\uff1a\u4e09\u5927\u73a9\u5bb6\u6218\u7565\u89e3\u6790\">\u4e09\u3001\u54c1\u724c\u6848\u4f8b\uff1a\u4e09\u5927\u73a9\u5bb6\u6218\u7565\u89e3\u6790<\/a><ul><li><a href=\"#\u4f0a\u5229\u96c6\u56e2-\u5168\u54c1\u7c7b\u9886\u5bfc\u8005\">\u4f0a\u5229\u96c6\u56e2\u2014\u2014\u5168\u54c1\u7c7b\u9886\u5bfc\u8005<\/a><\/li><li><a href=\"#\u8499\u725b\u96c6\u56e2-\u9ad8\u7aef\u8d5b\u9053\u6301\u7eed\u9886\u8dd1\">\u8499\u725b\u96c6\u56e2\u2014\u2014\u9ad8\u7aef\u8d5b\u9053\u6301\u7eed\u9886\u8dd1<\/a><\/li><li><a href=\"#\u8ba4\u517b\u4e00\u5934\u725b-dtc\u6a21\u5f0f\u7a81\u56f4\">\u8ba4\u517b\u4e00\u5934\u725b\u2014\u2014DTC\u6a21\u5f0f\u7a81\u56f4<\/a><\/li><\/ul><\/li><li><a href=\"#\u56db\u3001\u672a\u6765\u5c55\u671b\">\u56db\u3001\u672a\u6765\u5c55\u671b<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 id=\"\u884c\u4e1a\u62a5\u544a\uff1a\u4e00\u3001\u884c\u4e1a\u73b0\u72b6\uff1a\u7ed3\u6784\u6027\u673a\u4f1a\u6d6e\u73b0\" class=\"wp-block-heading\">\u884c\u4e1a\u62a5\u544a\uff1a\u4e00\u3001\u884c\u4e1a\u73b0\u72b6\uff1a\u7ed3\u6784\u6027\u673a\u4f1a\u6d6e\u73b0<\/h2>\n\n\n\n<h3 id=\"\u5e02\u573a\u89c4\u6a21\u7206\u53d1\uff0c\u4e94\u5e74\u589e\u957f-167\" class=\"wp-block-heading\">\u5e02\u573a\u89c4\u6a21\u7206\u53d1\uff0c\u4e94\u5e74\u589e\u957f167%<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mmbiz.qpic.cn\/sz_mmbiz_png\/ukXBdbcpsdXGogOHXtpmyd9FDUySOKILxyaJx1RJywP2SeMPq3thkzGMFXEJ0oSeicyncEaiawwVWGZHMKHicTsU4ghtmYZlAkbdEg2ZEYmvjo\/640?wx_fmt=png&amp;from=appmsg\" alt=\"\u4e2d\u56fd\u529f\u80fd\u6027\u4e73\u54c1\u5e02\u573a\u89c4\u6a21\u589e\u957f\u8d8b\u52bf \u884c\u4e1a\u62a5\u544a\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"letter-spacing: 0.34px;font-size: 10px\">\u6570\u636e\u6765\u6e90\uff1a\u52e4\u7b56\u6d88\u8d39\u7814\u7a76<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u529f\u80fd\u6027\u4e73\u54c1\u7684\u9006\u52bf\u589e\u957f\u6e90\u4e8e\u4f9b\u9700\u53cc\u4fa7\u9a71\u52a8\u3002\u4f9b\u7ed9\u4fa7\uff0c\u4e73\u4f01\u5728<strong>\u83cc\u682a\u7814\u53d1\u3001\u86cb\u767d\u5206\u79bb\u3001\u6d3b\u6027\u4fdd\u7559<\/strong>\u7b49\u6838\u5fc3\u6280\u672f\u4e0a\u53d6\u5f97\u7a81\u7834\uff1b\u6d88\u8d39\u4fa7\uff0c\u540e\u75ab\u60c5\u65f6\u4ee3\u5065\u5eb7\u610f\u8bc6\u63d0\u5347\uff0c68%\u7684\u6d88\u8d39\u8005\u66f4\u52a0\u5173\u6ce8\u6d88\u5316\u5065\u5eb7\u3002<\/p>\n\n\n\n<h3 id=\"\u53cc\u96c4\u9886\u8dd1\u7684\u7ade\u4e89\u683c\u5c40\" class=\"wp-block-heading\">\u53cc\u96c4\u9886\u8dd1\u7684\u7ade\u4e89\u683c\u5c40<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mmbiz.qpic.cn\/sz_mmbiz_png\/ukXBdbcpsdUqxMCxh3iaan23iad3VpMzbo95I4CdZKK45MpzHXiav04ibB41A3lBnbxGTMjD3ibQteXLiajyJ8tJNjVkyN6zsmiaH0HNPbvPIjqh9I\/640?wx_fmt=png&amp;from=appmsg\" alt=\"\u529f\u80fd\u6027\u4e73\u54c1\u5e02\u573a\u7ade\u4e89\u683c\u5c40 \u884c\u4e1a\u62a5\u544a\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"letter-spacing: 0.34px;font-size: 10px\">\u6570\u636e\u6765\u6e90\uff1a\u52e4\u7b56\u6d88\u8d39\u7814\u7a76<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u573a\u5448\u73b0&#8221;\u4e24\u8d85\u591a\u5f3a&#8221;\u683c\u5c40\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4f0a\u5229<\/strong>\uff1a28%\u5e02\u573a\u4efd\u989d\uff0c\u4f4d\u5c45\u7b2c\u4e00<\/li>\n\n\n\n<li><strong>\u8499\u725b<\/strong>\uff1a22%\u5e02\u573a\u4efd\u989d\uff0c\u7d27\u968f\u5176\u540e<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e24\u8005\u5408\u8ba1\u5360\u636e\u534a\u58c1\u6c5f\u5c71\u3002\u4f0a\u5229\u901a\u8fc7\u63a7\u80a1\u6fb3\u4f18\uff0c\u5728<strong>A2\u5976\u7c89<\/strong>\u9886\u57df\u5efa\u7acb\u5168\u7403\u9886\u5148\u5730\u4f4d\uff0c\u5e02\u5360\u7387\u7ea611-13%\u3002\u8499\u725b\u5219\u4ee5<strong>\u7279\u4ed1\u82cf<\/strong>\u4fdd\u6301\u6709\u673a\u7eaf\u725b\u5976\u7ec6\u5206\u8d5b\u9053\u7b2c\u4e00\uff0c\u5e76\u9009\u62e9&#8221;\u9ad8\u7aef\u5316+\u573a\u666f\u5ef6\u4f38&#8221;\u8def\u5f84\u3002<\/p>\n\n\n\n<h2 id=\"\u4e8c\u3001\u6838\u5fc3\u8d5b\u9053\uff1a-a-2-\u86cb\u767d\u4e0e\u76ca\u751f\u83cc\u53cc\u8f6e\u9a71\u52a8\" class=\"wp-block-heading\">\u4e8c\u3001\u6838\u5fc3\u8d5b\u9053\uff1aA2\u86cb\u767d\u4e0e\u76ca\u751f\u83cc\u53cc\u8f6e\u9a71\u52a8<\/h2>\n\n\n\n<h3 id=\"a-2-\u86cb\u767d\uff1a\u6d88\u5316\u53cb\u597d\u7684\u9ad8\u7aef\u9009\u62e9\" class=\"wp-block-heading\">A2\u86cb\u767d\uff1a\u6d88\u5316\u53cb\u597d\u7684\u9ad8\u7aef\u9009\u62e9<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/ukXBdbcpsdX9mEVt3xcfpJKiaZHNPoUPJCb4azmhhqqTicHSsL39yHQd0B2J8qqucbJ6GCSMnWuCc50UGn6icRfpKHsbO92ibtUT0rulqEtVGUI\/640?wx_fmt=png&amp;from=appmsg\" alt=\"A2\u86cb\u767d\u6280\u672f\u58c1\u5792\u5206\u6790 \u884c\u4e1a\u62a5\u544a\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"letter-spacing: 0.34px;font-size: 10px\">\u6570\u636e\u6765\u6e90\uff1a\u52e4\u7b56\u6d88\u8d39\u7814\u7a76<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u529f\u80fd\u6027\u4e73\u54c1<\/strong>\u7684\u6280\u672f\u58c1\u5792\u4f53\u73b0\u5728\u4e09\u5927\u7ef4\u5ea6\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u83cc\u682a\u7814\u53d1<\/strong>\uff1a\u4e13\u5229\u83cc\u682a\u5f62\u6210\u62a4\u57ce\u6cb3<\/li>\n\n\n\n<li><strong>\u86cb\u767d\u5206\u79bb<\/strong>\uff1a\u5976\u725b\u57fa\u56e0\u68c0\u6d4b\u4e0e\u7b5b\u9009\u6280\u672f<\/li>\n\n\n\n<li><strong>\u6d3b\u6027\u4fdd\u7559<\/strong>\uff1a\u4e73\u94c1\u86cb\u767d\u63d0\u53d6\u9700\u8d85\u6ee4\u3001\u5c42\u6790\u7b49\u7cbe\u5bc6\u5de5\u827a<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">A2\u03b2-\u916a\u86cb\u767d\u5206\u5b50\u7ed3\u6784\u66f4\u63a5\u8fd1\u6bcd\u4e73\uff0c\u66f4\u6613\u4e8e\u6d88\u5316\u5438\u6536\u3002\u7ea625-30%\u7684\u6d88\u8d39\u8005\u62a5\u544a\u4e0e\u725b\u5976\u76f8\u5173\u7684\u6d88\u5316\u4e0d\u9002\uff0c\u4e3aA2\u5976\u521b\u9020\u5de8\u5927\u5e02\u573a\u7a7a\u95f4\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5168\u7403A2\u5976\u5e02\u573a\u89c4\u6a21\u9884\u8ba12025\u5e74\u8fbe13.71\u4ebf\u7f8e\u5143\uff0c2034\u5e74\u5c06\u6269\u5927\u81f328.1\u4ebf\u7f8e\u5143\uff0c\u590d\u5408\u5e74\u589e\u957f\u73878.3%\u3002\u4e9a\u592a\u5730\u533a\u5360\u5168\u7403\u9700\u6c42\u768444%\uff0c\u4e3a\u6700\u5927\u533a\u57df\u5e02\u573a\u3002<\/p>\n\n\n\n<h2 id=\"\u4e09\u3001\u54c1\u724c\u6848\u4f8b\uff1a\u4e09\u5927\u73a9\u5bb6\u6218\u7565\u89e3\u6790\" class=\"wp-block-heading\">\u4e09\u3001\u54c1\u724c\u6848\u4f8b\uff1a\u4e09\u5927\u73a9\u5bb6\u6218\u7565\u89e3\u6790<\/h2>\n\n\n\n<h3 id=\"\u4f0a\u5229\u96c6\u56e2-\u5168\u54c1\u7c7b\u9886\u5bfc\u8005\" class=\"wp-block-heading\">\u4f0a\u5229\u96c6\u56e2\u2014\u2014\u5168\u54c1\u7c7b\u9886\u5bfc\u8005<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/ukXBdbcpsdWMTE5MeO1sSsexqO3VFnHERck7icaXGUsRPIiaFbYiatsNXR4q5N5yFrN0ZvlH4nIeksvSeymruWtDUXbafiakIRRuFNFb1QoHQkI\/640?wx_fmt=png&amp;from=appmsg\" alt=\"\u4f0a\u5229\u529f\u80fd\u6027\u4e73\u54c1\u6218\u7565\u5e03\u5c40 \u884c\u4e1a\u62a5\u544a\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"letter-spacing: 0.34px;font-size: 10px\">\u6570\u636e\u6765\u6e90\uff1a\u52e4\u7b56\u6d88\u8d39\u7814\u7a76<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f0a\u5229\u7684\u6210\u529f\u6e90\u4e8e&#8221;\u5168\u54c1\u7c7b\u8986\u76d6+\u6838\u5fc3\u6280\u672f\u81ea\u7814&#8221;\u6218\u7565\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91d1\u5178A2\u03b2-\u916a\u86cb\u767d\u6709\u673a\u7eaf\u725b\u5976<\/strong>\uff1a\u901a\u8fc7\u81ea\u6709\u7267\u573a\u628a\u63a7\u5976\u6e90\uff0c\u786e\u4fddA2\u57fa\u56e0\u5976\u725b\u7a33\u5b9a\u4f9b\u5e94<\/li>\n\n\n\n<li><strong>\u592a\u7a7a\u76ca\u751f\u83ccK56<\/strong>\uff1a\u81ea\u4e3b\u4e13\u5229\u83cc\u682a\uff0c\u7ecf\u7279\u6b8a\u73af\u5883\u7b5b\u9009\uff0c\u5b58\u6d3b\u7387\u548c\u5b9a\u690d\u80fd\u529b\u66f4\u5f3a<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mmbiz.qpic.cn\/sz_mmbiz_png\/ukXBdbcpsdWMnxQX3Xs0AEyzjxyGic48U3Pqeon1frKIw7jicxhJHqnbuQDT68gLxrNbpj3XYXVdfmODKquTLGIl4XPqoyyUajU10fU0SLLak\/640?wx_fmt=png&amp;from=appmsg\" alt=\"\u4f0a\u5229\u91d1\u5178A2\u4ea7\u54c1 \u884c\u4e1a\u62a5\u544a\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"letter-spacing: 0.34px;font-size: 10px\">\u56fe\u7247\u6765\u6e90\uff1a\u4f01\u4e1a\u5b98\u7f51<\/span><\/p>\n\n\n\n<h3 id=\"\u8499\u725b\u96c6\u56e2-\u9ad8\u7aef\u8d5b\u9053\u6301\u7eed\u9886\u8dd1\" class=\"wp-block-heading\">\u8499\u725b\u96c6\u56e2\u2014\u2014\u9ad8\u7aef\u8d5b\u9053\u6301\u7eed\u9886\u8dd1<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/ukXBdbcpsdVw4tL6ejUib5wQJx7jia9L3O3lwfq2dY0C1tyHsCvZRVhNEJjTlPecoN4dhmNrsvzickJ5Fmv0F5kgvXsicWibFRjgLymXBN8KzTII\/640?wx_fmt=png&amp;from=appmsg\" alt=\"\u8499\u725b\u9ad8\u7aef\u4ea7\u54c1\u77e9\u9635 \u884c\u4e1a\u62a5\u544a\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"letter-spacing: 0.34px;font-size: 10px\">\u6570\u636e\u6765\u6e90\uff1a\u52e4\u7b56\u6d88\u8d39\u7814\u7a76<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8499\u725b\u91c7\u53d6&#8221;\u5b88\u4f4f\u9ad8\u7aef\u3001\u62d3\u5c55\u573a\u666f&#8221;\u7b56\u7565\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u7279\u4ed1\u82cf<\/strong>\uff1a\u9ad8\u7aef\u65d7\u8230\u54c1\u724c\uff0c\u6709\u673a\u7eaf\u725b\u5976\u7ec6\u5206\u8d5b\u9053\u7b2c\u4e00<\/li>\n\n\n\n<li><strong>\u6bcf\u65e5\u9c9c\u8bed<\/strong>\uff1a\u7cbe\u51c6\u5207\u5165\u90fd\u5e02\u65e9\u9910\u573a\u666f\uff0c\u4f4e\u6e29\u9c9c\u5976\u4ee3\u8868\u6027\u4ea7\u54c1<\/li>\n\n\n\n<li><strong>\u8fc8\u80dc<\/strong>\uff1a2023\u5e74\u63a8\u51fa\u7684\u8fd0\u52a8\u8425\u517b\u54c1\u724c\uff0c\u6807\u5fd7\u8499\u725b\u4ece&#8221;\u4e73\u54c1\u516c\u53f8&#8221;\u5411&#8221;\u8425\u517b\u516c\u53f8&#8221;\u8f6c\u578b<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" 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