文 | 侃见财经

cheqizhijiandebeihuanbingbuxiangtong。

zheijitian，jiyuedexiaoxichongchizaigedapingtaidetoutiao。erlingyibian，tongyangzuoweizaochexinshilideaweitaqueqiaoranwanchenglexinyilunderongzi，rongzijinegaoda110yi。

juaweitapiludexiaoxixianshi，12yue17riqiyiwanchenglechao110yiyuanclunrongzi，benlunrongziyouzhanganqiche、yufuxijijin、nanfangzichanxijijin、guotouxijijin、jiaoyintouziyijiqitazhanlveheshichanghuatouzirengongtongchuzi，touzituanduishilixiangdangqiangda。

chulewanchengclunrongzizhiwai，muqianaweitayijingtongbukaiqishangshizhunbeigongzuo，niyu2026nianiposhangshi。

zuoweibeikaohuawei、ningdeshidaiyijizhanganqichesandajutoudexinshiliqiye，aweitadechujingxianranbidabufenzaochexinshiliyaohaodeduo。

congxiaolianglaikan，aweitacong2022niandikaiqijiaofu，2023nianzuoweipinpaidiyigewanzhengjiaofudezirannian，quannianzongxiaoliangwei2.96wanliang，juliqidangshisuoshexiade10wanliangnianxiaoliangmubiaowanchenglvjinbudao30%；daole2024nian，aweitaqian11geyuedeleijixiaoliangwei62,539liang，suiranxiaoliangtongbifanleyibeiyouyu，danyuejunxiaoliangyebuguo5700liang，gendiyitiduirengyoujudadechaju。

jingguozheixieniandefazhan，xinnengyuanqicheshichangyijingkaishijinrutaotaisaijieduan。zaizheizhongdabeijingxia，cheqizhijiandejingzhengjianghuigengjiajilie，yinciliujiaweitadengcheqideshijianbingbuhuitaiduo。

强大的融资实力

zuoweizhanganqicheqixiadegaoduanxinnengyuanpinpai，aweitazipinpaichuanglideneiyitianqibianbeijiyuhouwang。

raner，aweitadefazhanquebingbujiyuqi。suiranyouzhehuaweiheningdeshidaidejiachi，danaweitazai2023nianquannianxiaoliangjinwei2.96wanliang，yuejunxiaolianghaibugou3000tai；daole2024nian，aweitaqian11geyuedeleijixiaoliangwei62,539liang，suiranxiaoliangtongbimingxianzengzhang，danqishiyuejunxiaoliangyebuguo5700liang。

yaozhidao，zaixinnengyuanshentoulvchaoguo50%dedangxia，yuejunxiaoliangtupo2wancaisuanshi“jigexian”。yibiaoxianzuihaodelixiangqicheweili，jinnianqian11geyuelixiangqichedeleijixiaoliangwei441995liang，yuejunxiaoliangyijingchaoguole4wan，gentoubucheqixiangbi，aweitazaixiaoliangshangrengyoujudadezhuigankongjian。

chulexiaoliangbiaoxianbujiayiwai，aweitadejingyingzhuangkuangyerangrengandaodanyou。ciqian，aweitacengduiwaipiluguocaiwushuju。2022nian，aweitaquannianyingshoujinwei2834wanyuan，jingkuisungaoda20.15yiyuan；2023niansuiranyingshoudafuzengzhangzhi56.45yiyuan，danjingkuisunjinyibukuodazhi36.93yiyuan。jinnianshangbannian，aweitashixianyingshou61.52yiyuan，jingkuisunwei13.95yiyuan，zonghejisuan，zaiguoqudeliangnianbanshijian，aweitaleijijingkuisunchaoguo71yiyuan。

buguo，suiranguoqujinianchixukuisun，danyinweiyouzheqiangdadebeijingshili，zhanganqichederongzinengliyexiangdangqiangjing，keyishuoshi“buqueqian”。

genjuziliaoxianshi，aweitazai2021nian11yuewanchengshoulun24.2yiyuanzhanlverongzi，touhouguzhi7.88yiyuan，qizhongningdeshidaicanyuchigu28.99%，chengweidierdagudong；2022nian8yue，aweitawancheng25.47yiyuanalunrongzi，yinruzhaoshangjuziben、weihaochuangxindeng6jiazhantou，gongsiguzhijinbaiyiyuanrenminbi；2023nian8yue，aweitahuodeblunrongzi30yiyuan，touzifangbaokuozhanganqiche、nanfangzichandeng。sanlunrongzixialai，aweitahejirongzizongejiejin80yiyuan，guzhiyue200yiyuanrenminbi。

erzai11yue17ri，aweitayouwanchengleyibi“jue”rongzi：zhanganchengqichenixiangaweitazengzi45.51yiyuan，nanfangzichannizengzi4yiyuan，anyujijinnizengzi28yiyuan，jiaoyintouzinizengzi7yiyuan，qitaxinjingudongnizengziheji26.5yiyuan，hejizengzi111.01yiyuan，aweitadetouhouguzhichaoguo300yiyuan。

duiyuaweitaeryan，zaihuodelezhei100yiderongzihou，zijinyaliwuyihuigengxiao。

能否“挺”过淘汰赛？

12yue10ri，jiyueqicheyongyichang“shandianshi”debengpan，zhengshichuixianglexinnengyuanqichetaotaisaidehaojiao。

guoquliangnian，weima、gaohe、hengchi、hechuang……yuelaiyueduodecheqizouxiangletaotaidebianyuan。

zaozai2020nian，meituandewangxingjiuyijingduanyan，weilaizhongguocheqidegejujianghuishi“3+3+3+3”，ji3jiayangqi、3jiadifangguoqi、3jiaminqihe3jiazaochexinshi。

ruguocongzheiyijiaodulaikan，suiranzuijinliangnianyijingyoubushaodexinshilidaobi，danxinnengyuanqichedetaotaisaiqishicaiganggangkaishi。

xiangyaotingguotaotaisai，zuiguanjiandehaishiyaoyouxiaoliangzuoweizhicheng，bijingqichechanyeshiyigejiangjiuguimohuadechanye。

jinnianyilai，aweitazaitishengxiaoliangshangzuochulezhuduonuli。lirugaibianlexiaoshoumoshi，cong4yuekaishiaweitaziyingmendianzhuanxingtaying，suihouzaiduanduan2geyuedeshijianliwanchengledui115jiapma、216jiamendianyiji1430rendegoutongzhuanhuagongzuo；lirutuichuzengchengchexing，9yue26riaweita07zhengshishangshi，dingweizhongxingxinnengyuansuv，zheishiaweitapinpaituichudedisankuanliangchanchexing，yeshiaweitapinpaiqixiashoukuanzengchengchexing，zengchengbandeqishoujiawei21.99wanyuan。

dangran，zheixienulibingfeimeiyouchengxiao，10yuehe11yue，aweitafenbieshixianxiaoliang10056lianghe11579liang，shuaxinlepinpaidanyuexiaoliangjilu。danjiurushangmiandeneirongzhongtidao，zaixinnengyuanshentoulvchaoguo50%dedangxia。yuejunxiaoliangtupo2wancainengsuanshicheqide“jigexian”，huaneryanzhi，aweitadexiaoliangqishihaimeiyoujige。

chulexiaoliangweijigezhiwai，queshaopinpaibianshiduzeshiaweitananyiduguotaotaisaidelingyizhongyaoyuanyin。

muqian，cheqizhijianchanpindetongzhihuayuelaiyueyanzhong，zongjieqilaijiushixuhangdouhenzhang，jiasudouhenkuai，kaiqilaidouhenpingshun，zuoqilaikongjiandouhenda，zhinenghuayedoudachabucha，shenzhijiagedoujijuxingjiabi。zaizheizhongqingkuangxia，ruguomeiyouchenggongdazaochupinpaibianshidu，jiuhenrongyibeizhujianbianyuanhua。

zuoweibeikaohuawei、ningdeshidaihezhanganqichedexinshili，aweitazaijishushangsuiranshilihenqiang，danzaipinpaibianshidushang，aweitahaixuyaogengjianuli。congdingweilaikan，aweitadedingweishi“gaoduanzhinengdiandongqiche”，danmeiyoumingquezaigaoduanshichangzhongzuochuchayihua，yemeiyouxingchengzishendexianmingyoushihebuketidaixing。chengran，youzheqiangdadebeijingshilizuoweizhicheng，aweitahaibuxuyaoweishengcunwentierfachou。danzaijingzhengjiliedeshichanghuanjingxia，zheiyangqishihaiyuanyuanbugou，chulerongzizhiwai，aweitayaozuodehaiyouhenduo。