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title=\"\u5546\u4e1a\u6a21\u5f0f\">\u5546\u4e1a\u6a21\u5f0f<\/a><\/span>\u7684\u9610\u91ca\u3002<\/p>\n<p>\u524d\u51e0\u5e74\u4e89\u62a2IP\u3001\u6d41\u91cf\u6295\u5165\u4e86\u4e0d\u5c11\u94b1\uff0c\u4f46\u7231\u5947\u827a\u4e00\u76f4\u4e5f\u6ca1\u505c\u6b62\u201c\u641e\u94b1\u201d\uff0c\u7ee7\u4ed8\u8d39\u4f1a\u5458\uff0c\u72ec\u5bb6\u7248\u6743\u6536\u8d2d\uff0c\u4f1a\u5458\u5dee\u5f02\u5316\u6392\u64ad\u7b49\u6a21\u5f0f\u5916\uff0c\u8ffd\u6c42\u66f4\u9ad8\u7684ARPU\u503c\uff08\u5355\u4e2a\u7528\u6237\u6d88\u8d39\u91d1\u989d\uff09\u6210\u4e3a\u7231\u5947\u827a\u7684\u65b0\u8bfe\u9898\u3002<\/p>\n<p>\u8d22\u62a5\u663e\u793a\uff0c\u7231\u5947\u827a22\u5e74Q3\u7684ARM\uff08\u6708\u5ea6\u5e73\u5747\u5355\u4f1a\u5458\u6536\u5165\uff09\u4e3a13.9\u5143\uff0c\u4f4e\u4e8e2022\u5e74Q2\u768414.53\u5143\uff0c\u7565\u9ad8\u4e8e\u53bb\u5e74\u540c\u671f\u768413.65\u5143\u3002<\/p>\n<p>\u5bf9\u4e8e\u4f1a\u5458\u6536\u5165\u4ee5\u53caARM\u7684\u4e0b\u6ed1\uff0c\u9f9a\u5b87\u5728\u8d22\u62a5\u7535\u8bdd\u4f1a\u4e0a\u89e3\u91ca\u79f0\uff0c\u4e0a\u534a\u5e74\u75ab\u60c5\u53cd\u590d\u5bfc\u81f4\u6d88\u8d39\u610f\u613f\u4e0b\u964d\u3001\u5185\u5bb9\u5ef6\u8fdf\u4e0a\u7ebf\uff0c\u53c8\u8fc7\u5ea6\u7f29\u51cf\u4e86\u5e02\u573a\u8d39\u7528\uff0c\u81f4\u4f7f\u4e09\u5b63\u5ea6\u521d\u4e1a\u7ee9\u627f\u538b\uff1b\u8fdb\u51658\u6708\uff0c\u6d88\u8d39\u610f\u613f\u56de\u5347\u3001\u5185\u5bb9\u4e0a\u7ebf\uff0c\u516c\u53f8\u52a0\u5f3a\u5185\u5bb9\u6295\u5165\u548c\u5e02\u573a\u6295\u5165\uff0c\u62c9\u52a8\u4f1a\u5458\u6570\u91cf\u4e0a\u6da8\uff0c\u4f46\u540e\u671f\u589e\u957f\u5e76\u672a\u5f71\u54cd\u6574\u4e2a\u5b63\u5ea6\u3002\u540c\u65f6\uff0c\u6691\u671f\u7231\u5947\u827a\u4e3a\u5438\u5f15\u5b66\u751f\u4f1a\u5458\u8fdb\u884c\u4fc3\u9500\uff0c\u81f4\u4f7fARM\u503c\u4e0b\u6ed1\u3002<\/p>\n<p>\u4f46\u5728\u65b0\u6458\u770b\u6765\uff0c\u8fd9\u5176\u5b9e\u53cd\u6620\u51fa<strong>\u7231\u5947\u827a\u5e76\u6ca1\u6709\u6784\u7b51\u8d77\u8db3\u591f\u9ad8\u7684\u5185\u5bb9\u58c1\u5792\uff0c\u6216\u8005\u8bf4\u660e\u663e\u7684\u5dee\u5f02\u5316\uff0c\u8ba9\u7528\u6237\u613f\u610f\u4e3a\u5176\u4e0d\u53ef\u66ff\u4ee3\u6027\u6301\u7eed\u4e70\u5355\u3002<\/strong><\/p>\n<p>\u89c6\u9891\u5e73\u53f0\u662f\u5b58\u5728\u201c\u56da\u5f92\u56f0\u5883\u201d\u7684\u3002\u4e00\u65b9\u9762\uff0c\u4e3a\u7279\u5b9a\u5185\u5bb9\u800c\u975e\u5e73\u53f0\u4e70\u5355\u7684\u8ba2\u9605\u5f0f\u884c\u4e3a\uff0c\u5012\u903c\u957f\u89c6\u9891\u5e73\u53f0\u4e0d\u65ad\u63d0\u5347\u5185\u5bb9\u4f9b\u7ed9\u80fd\u529b\uff0c\u53ef\u662f\u4ea7\u51fa\u4f18\u8d28\u5185\u5bb9\u9700\u8981\u6301\u7eed\u6295\u5165\u8d44\u91d1\u4e14\u6709\u5236\u4f5c\u5468\u671f\u3002<\/p>\n<p>\u53e6\u4e00\u65b9\u9762\uff0c\u957f\u89c6\u9891\u5e73\u53f0\u7528\u6237\u4e0d\u4ec5\u6ca1\u6709\u5fe0\u8bda\u5ea6\uff0c\u8fd8\u5f88\u201c\u62a0\u95e8\u201d\uff0c\u4e3a\u4e86\u67d0\u4e2a\u5267\u5f00\u4e2a\u77ed\u671f\u4f1a\u5458\u7684\u60c5\u51b5\u6bd4\u6bd4\u7686\u662f\uff0c\u95f2\u9c7c\u4e0a\u4f4e\u4ef7\u5012\u5356\u4f1a\u5458\u6743\u76ca\u7684\u4e5f\u4e0d\u5728\u5c11\u6570\u3002\u8fd1\u51e0\u5e74\u867d\u7136\u7528\u6237\u7684\u4ed8\u8d39\u610f\u8bc6\u6709\u6240\u6539\u5584\uff0c\u4f46\u4f9d\u7136\u6ca1\u6709\u57f9\u80b2\u8d77\u4e3a\u7ebf\u4e0a\u4f18\u8d28\u5185\u5bb9\u652f\u4ed8\u9ad8\u6ea2\u4ef7\u7684\u4e60\u60ef\uff0c\u4f1a\u5458\u8ba2\u9605\u8d39\u4e00\u6da8\uff0c\u7528\u6237\u5c31\u6d41\u5931\u5df2\u88ab\u591a\u6b21\u9a8c\u8bc1\u3002<\/p>\n<figure class=\"image\" data-img-size-val=\"1080,1920\"><img decoding=\"async\" src=\"https:\/\/www.growthhk.cn\/wp-content\/uploads\/2022\/12\/v2_3ef6cb7c97304c15b57676799bceaf1f_img_000.png\" \/><\/figure>\n<p>\u4f9b\u7ed9\u7aef\u7684\u521a\u6027\u652f\u51fa\u5f88\u96be\u538b\u7f29\uff0c\u9700\u6c42\u7aef\u7684\u8ba2\u9605\u6536\u5165\u5374\u5b58\u5728\u660e\u663e\u7684\u5929\u82b1\u677f\uff0c\u5bfc\u81f4\u6295\u8d44\u6536\u76ca\u7387\u6025\u5267\u4e0b\u964d\uff0c\u957f\u89c6\u9891\u5e73\u53f0\u5f88\u957f\u4e00\u6bb5\u65f6\u95f4\u90fd\u96be\u4ee5\u76c8\u5229\u3002<\/p>\n<p>\u8fd9\u79cd\u56f0\u5883\u7231\u5947\u827a\u540c\u6837\u6ca1\u80fd\u9003\u8131\uff0c\u9f9a\u5b87\u66fe\u7528\u201c\u7a77\u5e99\u5bcc\u548c\u5c1a\u201d\u2014\u2014\u660e\u661f\u5bfc\u6f14\u8d5a\u5927\u94b1\uff0c\u53ea\u6709\u89c6\u9891\u5e73\u53f0\u4e8f\u94b1\uff0c\u63cf\u8ff0\u884c\u4e1a\u73b0\u72b6\uff0c\u4ed6\u63d0\u51fa\u201c\u82f9\u679c\u6811\u751f\u6001\u201d\u4ee5\u53ca\u201c\u4e00\u9c7c\u591a\u5403\u201d\u7406\u8bba\u4e5f\u662f\u4e3a\u957f\u89c6\u9891\u5bfb\u627e\u8ba2\u9605\u5236\u4e4b\u5916\u7684\u521b\u6536\u7a7a\u95f4\u3002<\/p>\n<p>\u6700\u65b0\u8d22\u62a5\u4e2d\uff0c\u7231\u5947\u827aNon-GAAP\u8fd0\u8425\u5229\u6da65.24\u4ebf\u5143\u5b9e\u73b0\u76c8\u5229\uff0c\u6bdb\u522917.66\u4ebf\u5143\uff0c\u5f52\u6bcd\u51c0\u5229\u6da6-3.956\u4ebf\uff0c\u4f46\u7ed3\u5408\u7231\u5947\u827a\u6838\u5fc3\u4f1a\u5458\u6536\u5165\u4e0b\u6ed1\uff0c\u5728\u7ebf\u5e7f\u544a\u6536\u5165\u4e4f\u529b\u7684\u60c5\u51b5\u770b\u51fa\uff0c\u4f01\u4e1a\u7684\u76c8\u5229\u66f4\u50cf\u662f\u9760\u964d\u672c\u201c\u7701\u51fa\u6765\u201d\u7684\u800c\u975e\u627e\u5230\u4e86\u5f3a\u52b2\u7684\u7b2c\u4e8c\u589e\u957f\u66f2\u7ebf\u3002<\/p>\n<p>\u8fc7\u53bb\u51e0\u5e74\uff0c\u5168\u65b9\u4f4d\u6536\u7f29\u662f\u7231\u5947\u827a\u7684\u4e3b\u57fa\u8c03\uff0c\u636e\u665a\u70b9Latepost\u62a5\u9053\uff0c2019\u5e74\u4e2d\u56e0\u4e3a\u4e1a\u7ee9\u6ed1\u5761\uff0c\u7231\u5947\u827a\u51cf\u5c11\u4e86\u62db\u8058\u4eba\u5458\uff0c20\u5e74\u4e0b\u534a\u5e74\u53d7\u75ab\u60c5\u51b2\u51fb\u5e7f\u544a\u6536\u5165\u4e25\u91cd\u4e0b\u632b\uff0c\u8d1f\u8d23\u5546\u4e1a\u5316\u7684\u65b0\u6d88\u8d39\u4e8b\u4e1a\u7fa4\u6210\u88c1\u5458\u91cd\u707e\u533a\u3002<\/p>\n<p>\u76c8\u5229\u53ef\u6301\u7eed\u6027\u5b58\u7591\uff0c\u800c\u4e14\u7231\u5947\u827a\u76ee\u524d\u8fd8\u9762\u4e34\u7740\u4e0d\u5c0f\u7684\u503a\u52a1\u538b\u529b\u3002\u8003\u8651\u4e00\u5bb6\u516c\u53f8\u7684\u503a\u52a1\u6c34\u5e73\uff0c\u8981\u540c\u65f6\u8003\u5bdf\u73b0\u91d1\u6d41\u548c\u503a\u52a1\u3002\u6839\u636e Wind \u6c47\u603b\u7684\u6570\u636e\uff0c\u81ea 2019 \u5e74Q4\u4ee5\u6765\uff0c\u7231\u5947\u827a\u7ecf\u8425\u6d3b\u52a8\u4ea7\u751f\u7684\u73b0\u91d1\u6d41\u4e00\u76f4\u4e3a\u8d1f\uff0c\u7a0e\u524d\u4e8f\u635f\u66fe\u56e02020 \u5e74\u4e0a\u534a\u5e74\u5c45\u5bb6\u9632\u75ab\u653f\u7b56\u800c\u6536\u7a84\uff0c\u4f46\u4e4b\u540e\u518d\u6b21\u6269\u5927\u3002\u4eca\u5e74Q3\uff0c\u7231\u5947\u827a\u7ecf\u8425\u6d3b\u52a8\u51c0\u6d41\u51fa 20.81 \u4ebf\u5143\u3001\u7a0e\u524d\u4e8f\u635f 16.98 \u4ebf\u5143\u3002<\/p>\n<figure class=\"image\" data-img-size-val=\"1080,527\"><img decoding=\"async\" src=\"https:\/\/www.growthhk.cn\/wp-content\/uploads\/2022\/12\/v2_0ceb96080b0a417c9b581f760f404ce3_img_000.png\" \/><\/figure>\n<p>\u4ece21\u5e74Q2\u8d77\uff0c\u7231\u5947\u827a\u7684\u8d44\u4ea7\u8d1f\u503a\u7387\u5c31\u6301\u7eed\u8d70\u9ad8\uff0c22\u5e74Q3\u8d44\u4ea7\u8d1f\u503a\u7387\u8fbe87.29%\u3002\u622a\u81f3\u4e09\u5b63\u5ea6\u672b\uff0c\u7231\u5947\u827a\u73b0\u91d1\u53ca\u73b0\u91d1\u7b49\u4ef7\u7269\u3001\u53d7\u9650\u5236\u73b0\u91d1\u53ca\u77ed\u671f\u6295\u8d44\u5408\u8ba1\u4f59\u989d 50.5\u4ebf\u5143\uff0c\u6d41\u52a8\u8d1f\u503a\u79d1\u76ee\u4e0b\u4e00\u5e74\u5185\u9700\u507f\u4ed8\u7684\u53ef\u8f6c\u503a\u4f59\u989d\u8fbe 85.2\u4ebf\u5143\u3002<\/p>\n<p>\u89c6\u9891\u5e02\u573a\u662f\u4e00\u4e2a\u4e0e\u8d44\u672c\u9ad8\u5ea6\u5173\u8054\u7684\u9886\u57df\uff0c\u5185\u5bb9\u51b3\u5b9a\u6d41\u91cf\uff0c\u8d44\u672c\u51b3\u5b9a\u5185\u5bb9\uff0c1359\u4ebf\u7f8e\u5143\u5e02\u503c\u7684Netflix\u5c1a\u4e14\u56e0\u8ba2\u9605\u7528\u6237\u5c11\u4e8620\u4e07\uff0c\u4e00\u5929\u4e4b\u5185\u80a1\u4ef7\u8dcc\u53bb35%\uff0c\u503a\u52a1\u538b\u8eab\u7684\u7231\u5947\u827a\u9762\u4e34\u7684\u60c5\u51b5\u663e\u7136\u6bd4Netflix\u66f4\u4e25\u5cfb\u3002<\/p>\n<p>\u622a\u6b6212\u67081\u65e5\uff0c\u7231\u5947\u827a\u62a53.03\/\u80a1\uff0c\u5e02\u503c26.14\u4ebf\u7f8e\u5143\uff0c\u8f83\u53bb\u5e74228\u4ebf\u7f8e\u5143\u9ad8\u70b9\u8dcc\u8d85\u516b\u6210\u3002\u770b\u8d77\u6765\u54ea\u6015\u5df2\u7ecf\u8fde\u7eed\u4e09\u5b63\u5ea6\u5b9e\u73b0\u76c8\u5229\uff0c\u8d44\u672c\u5e02\u573a\u4e5f\u6ca1\u6709\u5bf9\u7231\u5947\u827a\u5c55\u9732\u51fa\u66f4\u591a\u7684\u5174\u8da3\u3002<\/p>\n<p><strong>\u4e8c\u3001\u7ebf\u4e0a\u597d\u83b1\u575e\u68a6\u9192<\/strong><\/p>\n<p>\u201c\u4e00\u5bb6\u4ee5\u79d1\u6280\u521b\u65b0\u4e3a\u9a71\u52a8\u7684\u4f1f\u5927\u5a31\u4e50\u516c\u53f8\u201d\u662f\u9f9a\u5b87\u60f3\u5e26\u9886\u7231\u5947\u827a\u5954\u8d74\u7684\u65b9\u5411\uff0c\u4ed6\u7684\u68a6\u60f3\u4e0d\u4ec5\u662f\u628a\u7231\u5947\u827a\u6253\u9020\u6210\u6700\u5927\u7684\u89c6\u9891\u5e73\u53f0\uff0c\u66f4\u60f3\u6253\u9020\u51fa\u4e00\u5bb6\u80fd\u591f\u751f\u5b58\u767e\u5e74\u7684\u4f18\u8d28\u4f01\u4e1a\uff0c\u201c\u7231\u5947\u827a\u53ef\u4ee5\u6210\u4e3a\u7ebf\u4e0a\u7684\u597d\u83b1\u575e\uff0c\u4e00\u5bb6\u50cf\u8fea\u58eb\u5c3c\u4e00\u6837\u5c79\u7acb\u767e\u5e74\u4e4b\u4e45\u7684\u4f18\u8d28\u4f01\u4e1a\u201d\u3002<\/p>\n<p>\u53ef\u8fd9\u4e2a\u68a6\u60f3\u5728\u56fd\u5185\u4f3c\u4e4e\u6ca1\u6709\u80a5\u6c83\u7684\u751f\u957f\u571f\u58e4\uff0c\u5c24\u5176\u5236\u4f5c\u516c\u53f8\u3001\u5e73\u53f0\u4e0e\u6295\u8d44\u56e2\u961f\u4e89\u62a2IP\uff0c\u5408\u529b\u63a8\u9ad8\u884c\u4e1a\u7ade\u4e89\u6210\u672c\u7684\u90a3\u51e0\u5e74\uff0c\u5185\u5bb9\u5411\u6d41\u91cf\u59a5\u534f\uff0c\u5411\u8d44\u672c\u8ba9\u4f4d\u7684\u60c5\u51b5\u9891\u7e41\u53d1\u751f\uff0c\u5bfc\u81f4\u4f18\u8d28\u5185\u5bb9\u6ca1\u6709\u5f62\u6210\u957f\u671f\u7684\u79ef\u7d2f\u4e0e\u6c89\u6dc0\u3002<\/p>\n<p>\u9010\u5e74\u6500\u5347\u7684\u5916\u8d2d\u6210\u672c\uff0c\u4e00\u5ea6\u8ba9\u957f\u89c6\u9891\u5e73\u53f0\u4e0d\u582a\u91cd\u8d1f\uff0c2018\u5e74\u8d77\u5e73\u53f0\u7eb7\u7eb7\u8f6c\u5411\u81ea\u5236\u5185\u5bb9\uff0c\u8bd5\u56fe\u590d\u523bNetflix\u300a\u7eb8\u724c\u5c4b\u300b\u4e00\u6837\u7684\u589e\u957f\u5947\u8ff9\uff0c\u4e5f\u662f\u8fd9\u4e00\u5e74\uff0c\u7231\u5947\u827a\u63a8\u51fa\u4e86\u5185\u5bb9\u5ea6\u70ed\u5ea6\u503c\u8bc4\u4ef7\u6807\u51c6\uff0c\u5f00\u542f\u4e86\u81ea\u5236\u5185\u5bb9\u66f4\u4e3a\u7cbe\u7ec6\u5316\u7684\u8fd0\u8425\uff0c\u96c6\u4e2d\u706b\u529b\u505aS\u7ea7\u3001A+\u7ea7\u5267\uff0c\u4e0d\u518d\u6295\u5165\u6295\u5165\u4ea7\u51fa\u6bd4\u4e0d\u5212\u7b97\u7684\u201c\u4f2a\u8170\u90e8\u201d\u5267\u3002<\/p>\n<p>\u7231\u5947\u827a\u9996\u5e2d\u5185\u5bb9\u5b98\u738b\u6653\u6656\u5728\u4eca\u5e742\u6708\u63d0\u5230\uff0c2022\u5e74\uff0c\u6709\u4e00\u4e9b\u4e8b\u60c5\u8981\u653e\u5f03\uff1a\u653e\u5f03\u5355\u7eaf\u8fce\u5408\u5411\u7684\u5185\u5bb9\uff0c\u653e\u5f03\u60ac\u6d6e\u5411\u7684\u5185\u5bb9\uff0c\u653e\u5f03\u660e\u663e\u8d54\u94b1\u7684\u5185\u5bb9\uff0c\u653e\u5f03\u6ca1\u6709\u521b\u65b0\u7684\u5185\u5bb9\u3002<\/p>\n<p>22\u5e74Q3\u8d22\u62a5\u4f1a\u8bae\u4e2d\uff0c\u738b\u6653\u6656\u63d0\u5230Q3\u4e0a\u7ebf\u5267\u96c6\u4e2d\uff0c65%\u662f\u7231\u5947\u827a\u539f\u521b\u5267\u96c6\uff0c\u8fbe\u5230\u5386\u53f2\u6700\u9ad8\u6c34\u5e73\u3002\u7231\u5947\u827aCFO\u6c6a\u9a8f\u4e5f\u5f3a\u8c03\uff0c\u201c\u6211\u4eec\u59cb\u7ec8\u76f8\u4fe1\u6211\u4eec\u751f\u610f\u7684\u4e00\u4e2a\u6838\u5fc3\u7ade\u4e89\u529b\u5c31\u5728\u4e8e\u81ea\u5236\u5185\u5bb9\uff0c\u800c\u81ea\u5236\u5185\u5bb9\u6211\u4eec\u672c\u8eab\u62e5\u6709\u5168\u7248\u6743\uff0c\u4ece\u672a\u6765\u89d2\u5ea6\u6765\u770b\uff0c\u5b83\u80fd\u591f\u7ed9\u6211\u4eec\u5e26\u6765\u66f4\u591a\u884d\u751f\u6536\u5165\u7684\u53ef\u80fd\uff0c\u800c\u8fd9\u4e2a\u884d\u751f\u6536\u5165\u672c\u8eab\u5c31\u662f\u9ad8\u5229\u7387\u7684\uff0c\u5c31\u50cf\u8fea\u58eb\u5c3c\u4e00\u6837\u3002\u201d<\/p>\n<p>\u7231\u5947\u827a\u4f3c\u4e4e\u60f3\u901a\u8fc7\u8fd9\u79cd\u201c\u96c6\u4e2d\u529b\u91cf\u529e\u5927\u4e8b\u201d\u7684\u65b9\u5f0f\u6765\u8bc1\u660e\u5e73\u53f0\u5236\u9020\u7206\u6b3e\u3001\u6253\u9020\u5934\u90e8\u4f5c\u54c1\u7684\u80fd\u529b\uff0c\u81ea\u7231\u5947\u827a\u63a8\u51fa\u5185\u5bb9\u5ea6\u70ed\u5ea6\u503c\u8bc4\u4ef7\u6807\u51c6\u4ee5\u6765\uff0c\u4ec5\u67096\u90e8\u70ed\u5ea6\u7834\u4e07\u7684\u5267\u96c6\uff0c\u5176\u4e2d\u300a\u82cd\u5170\u8bc0\u300b\u548c\u300a\u7f5a\u7f6a\u300b\u8fd9\u4e24\u90e8\u5c31\u4e8e2022\u5e74Q3\u4e0a\u7ebf\u3002<\/p>\n<p>\u4f46\u628a\u76ee\u5149\u6295\u5411\u6574\u4e2a\u884c\u4e1a\u4f1a\u53d1\u73b0\uff0c\u4e0d\u6b62\u7231\u5947\u827a\u4e00\u5bb6\u5728\u8c03\u6574\u5185\u5bb9\u4ea7\u51fa\u7684\u7b56\u7565\u3002<\/p>\n<p>\u53bb\u5e749\u6708\uff0c\u4f18\u9177\u5347\u7ea7\u4e86\u5206\u8d26\u89c4\u5219\uff0c\u5e76\u63a8\u51fa\u201c\u6276\u6447\u8ba1\u5212\u201d\u548c\u201c\u597d\u6545\u4e8b\u8ba1\u5212\u201d\u9f13\u52b1\u5934\u90e8\u5185\u5bb9\u7cbe\u54c1\u5316\u3002\u817e\u8baf\u89c6\u9891\u9ad8\u7ba1\u4e5f\u5728\u4eca\u5e74V\u89c6\u754c\u5927\u4f1a\u4e0a\u8868\u793a\uff0c\u589e\u5f3a\u201c\u7cbe\u54c1\u201d\u9879\u76ee\u7684\u8fd0\u8425\u53ca\u81ea\u5236\u80fd\u529b\uff0c\u5e76\u8c03\u9ad8\u4e86\u7f51\u5267\u5206\u8d26\u6807\u51c6\uff0c\u672a\u6765\u7248\u6743\u91c7\u8d2d\u548c\u81ea\u5236\uff08\u5408\u79f0PPC\u6a21\u5f0f\uff09\u53ef\u80fd\u53ea\u9002\u7528\u4e8e\u5934\u90e8\u3001\u51c6\u5934\u90e8\uff08S\u7ea7\u548cA\u7ea7\uff09\u5185\u5bb9\uff0c\u8170\u90e8\u5185\u5bb9\u4f1a\u9010\u6e10\u88ab PGC \u6a21\u5f0f\u53d6\u4ee3\u3002<\/p>\n<figure class=\"image\" data-img-size-val=\"1014,220\"><img decoding=\"async\" src=\"https:\/\/www.growthhk.cn\/wp-content\/uploads\/2022\/12\/v2_0db1ec5e65d94e6dbd34ad3199079543_img_000.png\" 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