政策与地缘风险进一步加剧了经营不确定性。国内市场方面，2025 年底旧标车禁售导致渠道去库存压力，新国标强化防篡改设计也切断了其核心利润来源之一的改装服务；海外市场中，北美营收占比高达 45%，但美国 301 关税豁免期仅延长至 2026 年 11 月，欧盟反倾销调查与环保标准升级也持续压缩盈利空间。此外，公司资产负债率高达 64.95%，流动比率仅 1.25，偿债压力凸显，而 2025 年实控人减持 2% 存托凭证套现 7.88 亿元，红杉、小米系累计套现超 62 亿元，反映出资本对其增长可持续性的担忧。
The theft of two curling stones due to be used at the Milano Cortina Winter Paralympics is being investigated, World Curling has confirmed.
，更多细节参见雷速体育
Кадр: Минобороны РФ，更多细节参见51吃瓜
毫无疑问，Anthropic，俨然已经成为宇宙中心。
Li pledged to improve living standards and boost consumer spending, which has lagged as Chinese have tightened their belts, feeling the pinch from a property slump weighing on home prices that has wiped out hundreds of thousands of jobs.