{"id":16519,"date":"2017-03-03T17:26:16","date_gmt":"2017-03-03T09:26:16","guid":{"rendered":"http:\/\/ityet.com\/?p=16519"},"modified":"2017-03-03T17:26:16","modified_gmt":"2017-03-03T09:26:16","slug":"%e4%ba%ac%e4%b8%9c%e9%87%91%e8%9e%8d%e9%87%8d%e7%bb%84%e5%90%8e%e5%88%98%e5%bc%ba%e4%b8%9c%e4%bb%8d%e6%98%af%e6%8e%a7%e5%88%b6%e4%ba%ba-%e8%bd%ac%e8%ba%ab%e7%ba%af%e5%86%85%e8%b5%84%e5%af%b9%e6%a0%87","status":"publish","type":"post","link":"https:\/\/itmax.cn\/?p=16519","title":{"rendered":"\u4eac\u4e1c\u91d1\u878d\u91cd\u7ec4\u540e\u5218\u5f3a\u4e1c\u4ecd\u662f\u63a7\u5236\u4eba \u8f6c\u8eab\u7eaf\u5185\u8d44\u5bf9\u6807\u8682\u8681\u91d1\u670d"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/images2015.cnblogs.com\/news\/66372\/201703\/66372-20170303085746204-319792355.jpg\" alt=\"\u4eac\u4e1c\u91d1\u878d\u91cd\u7ec4\u540e\u5218\u5f3a\u4e1c\u4ecd\u662f\u63a7\u5236\u4eba \u8f6c\u8eab\u7eaf\u5185\u8d44\u5bf9\u6807\u8682\u8681\u91d1\u670d\" \/><\/p>\n<p>\u3000\u3000\u6587\/\u738b\u6f58<\/p>\n<p>\u3000\u30002017 \u5e74 3 \u6708 2 \u65e5\u665a\u95f4\uff0c\u56fd\u5185\u6536\u5165\u89c4\u6a21\u6700\u5927\u7684\u4e92\u8054\u7f51\u4f01\u4e1a\u4eac\u4e1c\u96c6\u56e2\uff08\u7eb3\u65af\u8fbe\u514b\u80a1\u7968\u4ee3\u7801\uff1aJD\uff09\u53d1\u5e03\u4e86 2016 \u5e74\u7b2c\u56db\u5b63\u5ea6\u53ca\u5168\u5e74\u4e1a\u7ee9\u3002\u4eac\u4e1c\u5168\u5e74\u51c0\u6536\u5165\u8fbe 2602 \u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f 44%\uff0c\u5e76\u5b9e\u73b0\u5e74\u5ea6\u626d\u4e8f\u4e3a\u76c8\uff0c\u975e\u7f8e\u56fd\u901a\u7528\u4f1a\u8ba1\u51c6\u5219\u4e0b\uff08Non-GAAP\uff09\u5e74\u5ea6\u51c0\u5229\u6da6\u8fbe 10 \u4ebf\u5143\u4eba\u6c11\u5e01\u3002<\/p>\n<p>\u3000\u3000\u9664\u4e86\u4eac\u4e1c\u96c6\u56e2\u5b9e\u73b0\u76c8\u5229\u4e4b\u5916\uff0c\u8d22\u62a5\u8fd8\u516c\u5e03\uff0c2017 \u5e74 3 \u6708 1 \u65e5\uff0c\u4eac\u4e1c\u96c6\u56e2\u7b7e\u7f72\u4e86\u5173\u4e8e\u91cd\u7ec4\u4eac\u4e1c\u91d1\u878d\uff08\u8d1f\u8d23\u8fd0\u8425\u4eac\u4e1c\u4e92\u8054\u7f51\u91d1\u878d\u4e1a\u52a1\uff09\u7684\u6700\u7ec8\u534f\u8bae\u3002\u4f9d\u7167\u8be5\u534f\u8bae\uff0c\u4eac\u4e1c\u96c6\u56e2\u5c06\u51fa\u8ba9\u5176\u6301\u6709\u7684\u6240\u6709\u4eac\u4e1c\u91d1\u878d\u80a1\u4efd\uff0c\u76f8\u5f53\u4e8e\u4eac\u4e1c\u91d1\u878d 68.6% \u7684\u80a1\u4efd\u3002\u4eac\u4e1c\u96c6\u56e2\u5c06\u4e0d\u518d\u62e5\u6709\u4eac\u4e1c\u91d1\u878d\u7684\u6cd5\u5f8b\u6240\u6709\u6743\u6216\u6709\u6548\u63a7\u5236\u6743\uff0c\u4eac\u4e1c\u96c6\u56e2\u5c06\u83b7\u5f97\u5927\u7ea6 143 \u4ebf\u5143\u4eba\u6c11\u5e01\u73b0\u91d1\u4ee5\u53ca\u5728\u4eac\u4e1c\u91d1\u878d\u672a\u6765\u5b9e\u73b0\u7d2f\u79ef\u7a0e\u524d\u76c8\u5229\u540e\uff0c\u83b7\u5f97\u5176\u7a0e\u524d\u5229\u6da6\u7684 40%\u3002\u6b64\u5916\uff0c\u5982\u679c\u4e2d\u56fd\u76f8\u5173\u76d1\u7ba1\u6cd5\u89c4\u8bb8\u53ef\uff0c\u4eac\u4e1c\u96c6\u56e2\u6709\u6743\u5c06\u5176\u5728\u4eac\u4e1c\u91d1\u878d\u7684\u6743\u5229\u8f6c\u6362\u4e3a\u4eac\u4e1c\u91d1\u878d 40% \u7684\u80a1\u6743\u3002<\/p>\n<p>\u3000\u3000\u4eac\u4e1c\u96c6\u56e2\u8463\u4e8b\u957f\u517c CEO \u5218\u5f3a\u4e1c\u5c06\u6309\u7167\u548c\u5176\u4ed6\u7b2c\u4e09\u65b9\u6295\u8d44\u4eba\u4e00\u81f4\u7684\u4ef7\u683c\u8d2d\u5165\u4eac\u4e1c\u91d1\u878d 4.3% \u7684\u80a1\u4efd\uff0c\u5e76\u9075\u5faa\u540c\u6837\u7684\u534f\u8bae\u3002\u53e6\u5916\uff0c\u4f9d\u7167\u5176\u6240\u6301\u6709\u7684\u80a1\u4efd\u4ee5\u53ca\u901a\u8fc7\u6295\u7968\u6743\u59d4\u6258\u6216\u5176\u5b83\u5b89\u6392\u83b7\u53d6\u7684\u5458\u5de5\u548c\u5176\u4ed6\u6295\u8d44\u4eba\u7684\u6295\u7968\u6743\uff0c\u5218\u5f3a\u4e1c\u8fd8\u5c06\u62e5\u6709\u4eac\u4e1c\u91d1\u878d\u591a\u6570\u8868\u51b3\u6743\u3002<\/p>\n<p>\u3000\u3000\u6839\u636e\u6700\u7ec8\u534f\u8bae\uff0c\u8be5\u4ea4\u6613\u987b\u9075\u5b88\u82e5\u5e72\u5b8c\u6210\u6761\u4ef6\uff0c\u76ee\u524d\u9884\u8ba1\u5c06\u4e8e 2017 \u5e74\u4e2d\u65ec\u5b8c\u6210\u3002\u4ea4\u6613\u5b8c\u6210\u540e\uff0c\u4eac\u4e1c\u91d1\u878d\u7684\u8d22\u52a1\u6570\u636e\u5c06\u4e0d\u518d\u5408\u5e76\u5230\u4eac\u4e1c\u96c6\u56e2\u7684\u8d22\u52a1\u62a5\u8868\u3002<\/p>\n<p>\u3000\u30002013 \u5e74 10 \u6708\uff0c\u4eac\u4e1c\u91d1\u878d\u6b63\u5f0f\u4ece\u4eac\u4e1c\u5185\u90e8\u5b75\u5316\u72ec\u7acb\u8fd0\u8425\u3002\u622a\u81f3\u76ee\u524d\uff0c\u4eac\u4e1c\u91d1\u878d\u5df2\u7ecf\u5f00\u62d3\u51fa\u4f9b\u5e94\u94fe\u91d1\u878d\u3001\u6d88\u8d39\u91d1\u878d\u3001\u8d22\u5bcc\u7ba1\u7406\u3001\u652f\u4ed8\u3001\u4f17\u7b79\u3001\u4fdd\u9669\u3001\u8bc1\u5238\u3001\u519c\u6751\u91d1\u878d\u3001\u91d1\u878d\u79d1\u6280\u7b49\u4e5d\u5927\u4e1a\u52a1\u677f\u5757\u30022016 \u5e74\uff0c\u4eac\u4e1c\u91d1\u878d\u6574\u4f53\u4ea4\u6613\u989d\u7a81\u7834 1 \u4e07\u4ebf\u5143\uff0c\u670d\u52a1\u8d85\u8fc7 1 \u4ebf\u4e2a\u4eba\u7528\u6237\u548c 20 \u4e07\u4f01\u4e1a\u5ba2\u6237\u3002<\/p>\n<p>\u3000\u3000<strong>\u5218\u5f3a\u4e1c\u907f\u514d\u4e86\u9a6c\u4e91\u5f53\u521d\u9047\u5230\u7684\u5c34\u5c2c<\/strong><\/p>\n<p>\u3000\u3000\u5b9e\u9645\u4e0a\uff0c\u4eac\u4e1c\u91d1\u878d\u5e76\u975e\u7b2c\u4e00\u4e2a\u5b8c\u6210\u7c7b\u4f3c\u62c6\u9664 VIE \u67b6\u6784\u7684\u4e92\u8054\u7f51\u91d1\u878d\u4f01\u4e1a\uff0c2011 \u5e74 6 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\u5e74 7 \u6708 29 \u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u3001\u96c5\u864e\u548c\u8f6f\u94f6\uff0c\u5c31\u652f\u4ed8\u5b9d\u80a1\u6743\u8f6c\u8ba9\u4e8b\u4ef6\u6b63\u5f0f\u7b7e\u7f72\u534f\u8bae\uff0c\u652f\u4ed8\u5b9d\u7684\u63a7\u80a1\u516c\u53f8\u627f\u8bfa\u5728\u4e0a\u5e02\u65f6\u4e88\u4ee5\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u4e00\u6b21\u6027\u7684\u73b0\u91d1\u56de\u62a5\u3002\u56de\u62a5\u989d\u4e3a\u652f\u4ed8\u5b9d\u5728\u4e0a\u5e02\u65f6\u603b\u5e02\u503c\u7684 37.5%\uff08\u4ee5 IPO \u4ef7\u4e3a\u51c6\uff09\uff0c\u56de\u62a5\u989d\u5c06\u4e0d\u4f4e\u4e8e 20 \u4ebf\u7f8e\u5143\u4e14\u4e0d\u8d85\u8fc7 60 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u3000\u3000\u4eac\u4e1c\u91d1\u878d\u6b64\u6b21\u91cd\u7ec4\uff0c\u65e0\u8bba\u662f\u5728\u64cd\u4f5c\u624b\u6cd5\u4e0a\u8fd8\u662f\u5728\u91cd\u7ec4\u76ee\u7684\u4e0a\uff0c\u51e0\u4e4e\u4e0e\u652f\u4ed8\u5b9d\u5f53\u5e74\u62c6\u9664 VIE \u67b6\u6784\u53d8\u6210\u7eaf\u5185\u8d44\u516c\u53f8\u4e00\u81f4\u3002\u5728\u64cd\u4f5c\u624b\u6cd5\u4e0a\uff0c\u90fd\u662f\u5c06\u91d1\u878d\u516c\u53f8\u4ece\u6bcd\u516c\u53f8\u62c6\u5206\u51fa\u6765\uff1b\u5728\u91cd\u7ec4\u76ee\u7684\u4e0a\uff0c\u90fd\u662f\u4e3a\u4e86\u83b7\u5f97\u76d1\u7ba1\u673a\u6784\u7684\u8ba4\u53ef\uff0c\u4ee5\u4fbf\u4e8e\u83b7\u5f97\u76f8\u5e94\u724c\u7167\u548c\u5f00\u5c55\u4e1a\u52a1\u7684\u8d44\u8d28\u3002<\/p>\n<p>\u3000\u3000\u4eac\u4e1c\u91d1\u878d CEO \u9648\u751f\u5f3a\u8868\u793a\uff0c\u4eac\u4e1c\u91d1\u878d\u8f6c\u578b\u4e3a\u4e00\u5bb6\u7eaf\u5185\u8d44\u4f01\u4e1a\uff0c\u672a\u6765\u5c06\u66f4\u52a0\u4fbf\u5229\u7684\u4e0e\u91d1\u878d\u673a\u6784\u4e00\u540c\u4e3a\u4e2d\u56fd\u4f01\u4e1a\u548c\u5bb6\u5ead\u63d0\u4f9b\u91d1\u878d\u670d\u52a1\u3002<\/p>\n<p>\u3000\u3000\u4e0d\u540c\u4e4b\u5904\u662f\uff0c\u4eac\u4e1c\u96c6\u56e2\u62c6\u5206\u4eac\u4e1c\u91d1\u878d\u5df2\u7ecf\u83b7\u5f97\u4e86\u80a1\u4e1c\u7684\u540c\u610f\uff0c\u5e76\u672a\u5f15\u53d1\u8206\u8bba\u5bf9\u5218\u5f3a\u4e1c\u5546\u4e1a\u8bda\u4fe1\u7684\u8d28\u7591\u3002<\/p>\n<p>\u3000\u3000\u5bf9\u6bd4\u4e24\u5bb6\u516c\u53f8\u62c6\u5206\u65f6\u7684\u5904\u5883\uff0c\u4e8c\u8005\u7684\u4e3b\u8981\u533a\u522b\u5728\u4e8e\uff0c\u4eac\u4e1c\u96c6\u56e2\u5df2\u5b9e\u73b0\u8d74\u7f8e\u4e0a\u5e02\uff0c\u7531\u4e8e\u5b9e\u884c\u540c\u80a1\u4e0d\u540c\u6743\u5236\u5ea6\uff0c\u5218\u5f3a\u4e1c\u5c3d\u7ba1\u5e76\u975e\u4eac\u4e1c\u7b2c\u4e00\u5927\u80a1\u4e1c\uff0c\u4f46\u4ecd\u4fdd\u6301\u5bf9\u516c\u53f8\u7684\u7edd\u5bf9\u63a7\u5236\u3002\u800c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u5c06\u652f\u4ed8\u5b9d 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