{"id":1217,"date":"2026-06-09T11:33:37","date_gmt":"2026-06-09T03:33:37","guid":{"rendered":"https:\/\/qubitledge.com\/?p=1217"},"modified":"2026-06-09T11:40:30","modified_gmt":"2026-06-09T03:40:30","slug":"elementor-1217","status":"publish","type":"post","link":"https:\/\/qubitledge.com\/index.php\/2026\/06\/09\/elementor-1217\/","title":{"rendered":"MiniMax \u62db\u80a1\u4e66\u5206\u6790"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\r\n\r\n\r\n\r\n\r\n\r\nMiniMax \u62db\u80a1\u8bf4\u660e\u4e66\u6df1\u5ea6\u5206\u6790 | 0100.HK<\/title>\r\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@300;400;500;600;700;800;900&display=swap\" rel=\"stylesheet\">\r\n<script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script>\r\n<style>\r\n:root {\r\n --bg-primary: #0a0a0a;\r\n --bg-card: #141414;\r\n --bg-card-hover: #1a1a1a;\r\n --border: #262626;\r\n --text-primary: #ffffff;\r\n --text-secondary: #a1a1aa;\r\n --text-muted: #71717a;\r\n --accent-purple: #7c3aed;\r\n --accent-purple-light: #a855f7;\r\n --accent-blue: #3b82f6;\r\n --gradient-primary: linear-gradient(135deg, #7c3aed, #a855f7);\r\n --gradient-hero: linear-gradient(135deg, #7c3aed 0%, #a855f7 50%, #3b82f6 100%);\r\n --success: #22c55e;\r\n --danger: #ef4444;\r\n --warning: #f59e0b;\r\n}\r\n\r\n*, *::before, *::after { margin: 0; padding: 0; box-sizing: border-box; }\r\n\r\nhtml {\r\n scroll-behavior: smooth;\r\n scrollbar-width: thin;\r\n scrollbar-color: var(--accent-purple) var(--bg-primary);\r\n}\r\n\r\nbody {\r\n font-family: 'Inter', -apple-system, BlinkMacSystemFont, 'Segoe UI', sans-serif;\r\n background: var(--bg-primary);\r\n color: var(--text-primary);\r\n line-height: 1.6;\r\n overflow-x: hidden;\r\n}\r\n\r\n::-webkit-scrollbar { width: 6px; }\r\n::-webkit-scrollbar-track { background: var(--bg-primary); }\r\n::-webkit-scrollbar-thumb { background: var(--accent-purple); border-radius: 3px; }\r\n\r\n\/* ===== NAV ===== *\/\r\n.nav {\r\n position: fixed;\r\n top: 0;\r\n left: 0;\r\n right: 0;\r\n z-index: 1000;\r\n background: rgba(10, 10, 10, 0.8);\r\n backdrop-filter: blur(20px);\r\n -webkit-backdrop-filter: blur(20px);\r\n border-bottom: 1px solid transparent;\r\n transition: border-color 0.3s, background 0.3s;\r\n}\r\n.nav.scrolled {\r\n border-bottom-color: var(--border);\r\n background: rgba(10, 10, 10, 0.95);\r\n}\r\n.nav-inner {\r\n max-width: 1280px;\r\n margin: 0 auto;\r\n padding: 0 24px;\r\n height: 56px;\r\n display: flex;\r\n align-items: center;\r\n justify-content: space-between;\r\n}\r\n.nav-logo {\r\n font-weight: 800;\r\n font-size: 20px;\r\n background: var(--gradient-primary);\r\n -webkit-background-clip: text;\r\n -webkit-text-fill-color: transparent;\r\n background-clip: text;\r\n}\r\n.nav-links {\r\n display: flex;\r\n gap: 4px;\r\n list-style: none;\r\n}\r\n.nav-links a {\r\n color: var(--text-secondary);\r\n text-decoration: none;\r\n font-size: 13px;\r\n font-weight: 500;\r\n padding: 6px 12px;\r\n border-radius: 6px;\r\n transition: all 0.2s;\r\n}\r\n.nav-links a:hover {\r\n color: var(--text-primary);\r\n background: rgba(124, 58, 237, 0.15);\r\n}\r\n.nav-toggle {\r\n display: none;\r\n background: none;\r\n border: none;\r\n color: var(--text-primary);\r\n font-size: 24px;\r\n cursor: pointer;\r\n}\r\n\r\n\/* ===== HERO ===== *\/\r\n.hero {\r\n min-height: 100vh;\r\n display: flex;\r\n align-items: center;\r\n justify-content: center;\r\n position: relative;\r\n overflow: hidden;\r\n}\r\n.hero-canvas {\r\n position: absolute;\r\n inset: 0;\r\n z-index: 0;\r\n}\r\n.hero-bg {\r\n position: absolute;\r\n inset: 0;\r\n background: radial-gradient(ellipse 80% 60% at 50% 40%, rgba(124,58,237,0.15) 0%, transparent 70%);\r\n z-index: 1;\r\n}\r\n.hero-content {\r\n position: relative;\r\n z-index: 2;\r\n text-align: center;\r\n padding: 24px;\r\n}\r\n.hero-badge {\r\n display: inline-flex;\r\n align-items: center;\r\n gap: 8px;\r\n background: rgba(124, 58, 237, 0.15);\r\n border: 1px solid rgba(124, 58, 237, 0.3);\r\n border-radius: 100px;\r\n padding: 6px 20px;\r\n font-size: 13px;\r\n color: var(--accent-purple-light);\r\n margin-bottom: 32px;\r\n font-weight: 500;\r\n}\r\n.hero-badge .dot {\r\n width: 6px;\r\n height: 6px;\r\n border-radius: 50%;\r\n background: var(--accent-purple-light);\r\n animation: pulse-dot 2s infinite;\r\n}\r\n@keyframes pulse-dot {\r\n 0%, 100% { opacity: 1; }\r\n 50% { opacity: 0.3; }\r\n}\r\n.hero-title {\r\n font-size: clamp(56px, 12vw, 120px);\r\n font-weight: 900;\r\n letter-spacing: -3px;\r\n line-height: 1;\r\n margin-bottom: 16px;\r\n background: var(--gradient-hero);\r\n -webkit-background-clip: text;\r\n -webkit-text-fill-color: transparent;\r\n background-clip: text;\r\n animation: gradient-shift 6s ease infinite;\r\n background-size: 200% 200%;\r\n}\r\n@keyframes gradient-shift {\r\n 0% { background-position: 0% 50%; }\r\n 50% { background-position: 100% 50%; }\r\n 100% { background-position: 0% 50%; }\r\n}\r\n.hero-sub {\r\n font-size: clamp(16px, 2.5vw, 24px);\r\n color: var(--text-secondary);\r\n font-weight: 300;\r\n margin-bottom: 12px;\r\n letter-spacing: 2px;\r\n}\r\n.hero-date {\r\n font-size: clamp(14px, 2vw, 18px);\r\n color: var(--text-muted);\r\n font-weight: 400;\r\n letter-spacing: 4px;\r\n}\r\n.hero-scroll {\r\n position: absolute;\r\n bottom: 40px;\r\n left: 50%;\r\n transform: translateX(-50%);\r\n z-index: 2;\r\n display: flex;\r\n flex-direction: column;\r\n align-items: center;\r\n gap: 8px;\r\n color: var(--text-muted);\r\n font-size: 12px;\r\n animation: float 3s ease-in-out infinite;\r\n}\r\n.hero-scroll .arrow {\r\n width: 20px;\r\n height: 20px;\r\n border-right: 2px solid var(--text-muted);\r\n border-bottom: 2px solid var(--text-muted);\r\n transform: rotate(45deg);\r\n}\r\n@keyframes float {\r\n 0%, 100% { transform: translateX(-50%) translateY(0); }\r\n 50% { transform: translateX(-50%) translateY(10px); }\r\n}\r\n\r\n\/* ===== COMMON ===== *\/\r\n.section {\r\n padding: 100px 24px;\r\n max-width: 1280px;\r\n margin: 0 auto;\r\n}\r\n.section-label {\r\n display: inline-flex;\r\n align-items: center;\r\n gap: 8px;\r\n font-size: 12px;\r\n font-weight: 600;\r\n text-transform: uppercase;\r\n letter-spacing: 2px;\r\n color: var(--accent-purple-light);\r\n margin-bottom: 12px;\r\n}\r\n.section-label::before {\r\n content: '';\r\n display: inline-block;\r\n width: 20px;\r\n height: 2px;\r\n background: var(--gradient-primary);\r\n border-radius: 1px;\r\n}\r\n.section-title {\r\n font-size: clamp(28px, 4vw, 42px);\r\n font-weight: 800;\r\n letter-spacing: -1px;\r\n margin-bottom: 48px;\r\n line-height: 1.2;\r\n}\r\n.section-divider {\r\n width: 100%;\r\n height: 1px;\r\n background: linear-gradient(90deg, transparent, var(--border), transparent);\r\n}\r\n\r\n\/* ===== CARD ===== *\/\r\n.card {\r\n background: var(--bg-card);\r\n border: 1px solid var(--border);\r\n border-radius: 16px;\r\n padding: 28px;\r\n transition: all 0.3s ease;\r\n}\r\n.card:hover {\r\n background: var(--bg-card-hover);\r\n border-color: rgba(124, 58, 237, 0.3);\r\n transform: translateY(-2px);\r\n box-shadow: 0 8px 32px rgba(124, 58, 237, 0.1);\r\n}\r\n\r\n\/* ===== ANIMATE ===== *\/\r\n.fade-up {\r\n opacity: 0;\r\n transform: translateY(40px);\r\n transition: opacity 0.7s ease, transform 0.7s ease;\r\n}\r\n.fade-up.visible {\r\n opacity: 1;\r\n transform: translateY(0);\r\n}\r\n.fade-up:nth-child(2) { transition-delay: 0.1s; }\r\n.fade-up:nth-child(3) { transition-delay: 0.2s; }\r\n.fade-up:nth-child(4) { transition-delay: 0.3s; }\r\n.fade-up:nth-child(5) { transition-delay: 0.4s; }\r\n\r\n\/* ===== OVERVIEW GRID ===== *\/\r\n.overview-grid {\r\n display: grid;\r\n grid-template-columns: repeat(auto-fit, minmax(260px, 1fr));\r\n gap: 20px;\r\n}\r\n.overview-item {\r\n text-align: center;\r\n}\r\n.overview-icon {\r\n width: 48px;\r\n height: 48px;\r\n border-radius: 12px;\r\n background: rgba(124, 58, 237, 0.1);\r\n display: flex;\r\n align-items: center;\r\n justify-content: center;\r\n margin: 0 auto 16px;\r\n font-size: 22px;\r\n}\r\n.overview-value {\r\n font-size: 28px;\r\n font-weight: 800;\r\n margin-bottom: 4px;\r\n background: var(--gradient-primary);\r\n -webkit-background-clip: text;\r\n -webkit-text-fill-color: transparent;\r\n background-clip: text;\r\n}\r\n.overview-label {\r\n font-size: 14px;\r\n color: var(--text-secondary);\r\n font-weight: 500;\r\n}\r\n.overview-desc {\r\n font-size: 12px;\r\n color: var(--text-muted);\r\n margin-top: 4px;\r\n}\r\n\r\n\/* ===== IPO CARDS ===== *\/\r\n.ipo-grid {\r\n display: grid;\r\n grid-template-columns: repeat(auto-fit, minmax(220px, 1fr));\r\n gap: 20px;\r\n}\r\n.ipo-card {\r\n position: relative;\r\n overflow: hidden;\r\n}\r\n.ipo-card::before {\r\n content: '';\r\n position: absolute;\r\n top: 0;\r\n left: 0;\r\n right: 0;\r\n height: 3px;\r\n background: var(--gradient-primary);\r\n}\r\n.ipo-value {\r\n font-size: 32px;\r\n font-weight: 800;\r\n margin-bottom: 4px;\r\n}\r\n.ipo-value.success { color: var(--success); }\r\n.ipo-label {\r\n font-size: 13px;\r\n color: var(--text-secondary);\r\n font-weight: 500;\r\n}\r\n.ipo-note {\r\n font-size: 11px;\r\n color: var(--text-muted);\r\n margin-top: 8px;\r\n}\r\n\r\n\/* ===== CHARTS ===== *\/\r\n.charts-grid {\r\n display: grid;\r\n grid-template-columns: repeat(2, 1fr);\r\n gap: 24px;\r\n}\r\n.chart-card {\r\n min-height: 380px;\r\n display: flex;\r\n flex-direction: column;\r\n}\r\n.chart-card canvas {\r\n flex: 1;\r\n max-height: 300px;\r\n}\r\n.chart-title {\r\n font-size: 16px;\r\n font-weight: 700;\r\n margin-bottom: 16px;\r\n display: flex;\r\n align-items: center;\r\n gap: 8px;\r\n}\r\n.chart-title .chart-icon {\r\n width: 28px;\r\n height: 28px;\r\n border-radius: 8px;\r\n background: rgba(124, 58, 237, 0.15);\r\n display: flex;\r\n align-items: center;\r\n justify-content: center;\r\n font-size: 14px;\r\n}\r\n\r\n\/* ===== USER GROWTH ===== *\/\r\n.growth-grid {\r\n display: grid;\r\n grid-template-columns: repeat(auto-fit, minmax(280px, 1fr));\r\n gap: 20px;\r\n}\r\n.growth-card {\r\n position: relative;\r\n}\r\n.growth-header {\r\n display: flex;\r\n justify-content: space-between;\r\n align-items: center;\r\n margin-bottom: 20px;\r\n}\r\n.growth-metric {\r\n font-size: 14px;\r\n font-weight: 600;\r\n color: var(--text-secondary);\r\n}\r\n.growth-badge {\r\n font-size: 11px;\r\n padding: 3px 10px;\r\n border-radius: 100px;\r\n background: rgba(34, 197, 94, 0.15);\r\n color: var(--success);\r\n font-weight: 600;\r\n}\r\n.growth-timeline {\r\n display: flex;\r\n justify-content: space-between;\r\n gap: 8px;\r\n}\r\n.growth-point {\r\n flex: 1;\r\n text-align: center;\r\n position: relative;\r\n}\r\n.growth-point::before {\r\n content: '';\r\n display: block;\r\n width: 8px;\r\n height: 8px;\r\n border-radius: 50%;\r\n background: var(--accent-purple);\r\n margin: 0 auto 8px;\r\n box-shadow: 0 0 10px rgba(124, 58, 237, 0.5);\r\n}\r\n.growth-val {\r\n font-size: 18px;\r\n font-weight: 700;\r\n margin-bottom: 2px;\r\n}\r\n.growth-year {\r\n font-size: 11px;\r\n color: var(--text-muted);\r\n}\r\n.growth-bar-bg {\r\n width: 100%;\r\n height: 4px;\r\n background: var(--border);\r\n border-radius: 2px;\r\n margin: 12px 0;\r\n overflow: hidden;\r\n}\r\n.growth-bar-fill {\r\n height: 100%;\r\n background: var(--gradient-primary);\r\n border-radius: 2px;\r\n width: 0;\r\n transition: width 1.5s ease;\r\n}\r\n\r\n\/* ===== PRODUCTS ===== *\/\r\n.products-grid {\r\n display: grid;\r\n grid-template-columns: repeat(auto-fit, minmax(230px, 1fr));\r\n gap: 20px;\r\n}\r\n.product-card {\r\n position: relative;\r\n overflow: hidden;\r\n}\r\n.product-icon {\r\n font-size: 32px;\r\n margin-bottom: 16px;\r\n}\r\n.product-name {\r\n font-size: 18px;\r\n font-weight: 700;\r\n margin-bottom: 4px;\r\n}\r\n.product-desc {\r\n font-size: 13px;\r\n color: var(--text-secondary);\r\n margin-bottom: 16px;\r\n}\r\n.product-stat {\r\n display: flex;\r\n justify-content: space-between;\r\n align-items: center;\r\n padding-top: 16px;\r\n border-top: 1px solid var(--border);\r\n}\r\n.product-stat-label {\r\n font-size: 12px;\r\n color: var(--text-muted);\r\n}\r\n.product-stat-value {\r\n font-size: 16px;\r\n font-weight: 700;\r\n color: var(--accent-purple-light);\r\n}\r\n\r\n\/* ===== TIMELINE ===== *\/\r\n.timeline {\r\n position: relative;\r\n padding-left: 40px;\r\n}\r\n.timeline::before {\r\n content: '';\r\n position: absolute;\r\n left: 15px;\r\n top: 0;\r\n bottom: 0;\r\n width: 2px;\r\n background: linear-gradient(180deg, var(--accent-purple), var(--accent-purple-light), var(--accent-blue));\r\n border-radius: 1px;\r\n}\r\n.timeline-item {\r\n position: relative;\r\n margin-bottom: 32px;\r\n}\r\n.timeline-item:last-child { margin-bottom: 0; }\r\n.timeline-dot {\r\n position: absolute;\r\n left: -33px;\r\n top: 6px;\r\n width: 12px;\r\n height: 12px;\r\n border-radius: 50%;\r\n background: var(--accent-purple);\r\n box-shadow: 0 0 0 4px var(--bg-primary), 0 0 12px rgba(124, 58, 237, 0.5);\r\n}\r\n.timeline-year {\r\n font-size: 14px;\r\n font-weight: 700;\r\n color: var(--accent-purple-light);\r\n margin-bottom: 4px;\r\n}\r\n.timeline-content {\r\n font-size: 15px;\r\n color: var(--text-secondary);\r\n line-height: 1.7;\r\n}\r\n.timeline-content strong {\r\n color: var(--text-primary);\r\n font-weight: 600;\r\n}\r\n\r\n\/* ===== SHAREHOLDER ===== *\/\r\n.shareholder-grid {\r\n display: grid;\r\n grid-template-columns: 1fr 1fr;\r\n gap: 24px;\r\n align-items: start;\r\n}\r\n.shareholder-chart-wrap {\r\n display: flex;\r\n align-items: center;\r\n justify-content: center;\r\n}\r\n.shareholder-chart-wrap canvas {\r\n max-width: 340px;\r\n max-height: 340px;\r\n}\r\n.shareholder-list {\r\n display: flex;\r\n flex-direction: column;\r\n gap: 12px;\r\n}\r\n.shareholder-item {\r\n display: flex;\r\n align-items: center;\r\n gap: 14px;\r\n padding: 14px 18px;\r\n background: var(--bg-card);\r\n border: 1px solid var(--border);\r\n border-radius: 12px;\r\n transition: all 0.3s;\r\n}\r\n.shareholder-item:hover {\r\n border-color: rgba(124, 58, 237, 0.3);\r\n background: var(--bg-card-hover);\r\n}\r\n.shareholder-color {\r\n width: 12px;\r\n height: 12px;\r\n border-radius: 3px;\r\n flex-shrink: 0;\r\n}\r\n.shareholder-name {\r\n font-size: 14px;\r\n font-weight: 600;\r\n flex: 1;\r\n}\r\n.shareholder-pct {\r\n font-size: 14px;\r\n font-weight: 700;\r\n color: var(--accent-purple-light);\r\n}\r\n.shareholder-note {\r\n font-size: 11px;\r\n color: var(--text-muted);\r\n}\r\n\r\n\/* ===== RISKS ===== *\/\r\n.risks-grid {\r\n display: grid;\r\n grid-template-columns: repeat(auto-fit, minmax(350px, 1fr));\r\n gap: 16px;\r\n}\r\n.risk-item {\r\n display: flex;\r\n gap: 16px;\r\n align-items: flex-start;\r\n}\r\n.risk-icon-wrap {\r\n width: 40px;\r\n height: 40px;\r\n border-radius: 10px;\r\n background: rgba(239, 68, 68, 0.1);\r\n display: flex;\r\n align-items: center;\r\n justify-content: center;\r\n flex-shrink: 0;\r\n font-size: 18px;\r\n}\r\n.risk-title {\r\n font-size: 15px;\r\n font-weight: 700;\r\n margin-bottom: 4px;\r\n}\r\n.risk-desc {\r\n font-size: 13px;\r\n color: var(--text-secondary);\r\n line-height: 1.5;\r\n}\r\n\r\n\/* ===== HIGHLIGHTS ===== *\/\r\n.highlights-grid {\r\n display: grid;\r\n grid-template-columns: repeat(auto-fit, minmax(260px, 1fr));\r\n gap: 20px;\r\n}\r\n.highlight-card {\r\n text-align: center;\r\n position: relative;\r\n}\r\n.highlight-icon {\r\n font-size: 36px;\r\n margin-bottom: 16px;\r\n}\r\n.highlight-title {\r\n font-size: 16px;\r\n font-weight: 700;\r\n margin-bottom: 8px;\r\n}\r\n.highlight-desc {\r\n font-size: 13px;\r\n color: var(--text-secondary);\r\n line-height: 1.6;\r\n}\r\n\r\n\/* ===== FOOTER ===== *\/\r\n.footer {\r\n border-top: 1px solid var(--border);\r\n padding: 48px 24px;\r\n max-width: 1280px;\r\n margin: 0 auto;\r\n}\r\n.footer-inner {\r\n text-align: center;\r\n}\r\n.footer-text {\r\n font-size: 12px;\r\n color: var(--text-muted);\r\n line-height: 1.8;\r\n}\r\n.footer-text a {\r\n color: var(--accent-purple-light);\r\n text-decoration: none;\r\n}\r\n\r\n\/* ===== RESPONSIVE ===== *\/\r\n@media (max-width: 900px) {\r\n .charts-grid {\r\n grid-template-columns: 1fr;\r\n }\r\n .shareholder-grid {\r\n grid-template-columns: 1fr;\r\n }\r\n .nav-links {\r\n display: none;\r\n position: absolute;\r\n top: 56px;\r\n left: 0;\r\n right: 0;\r\n background: rgba(10, 10, 10, 0.98);\r\n border-bottom: 1px solid var(--border);\r\n flex-direction: column;\r\n padding: 12px;\r\n gap: 2px;\r\n }\r\n .nav-links.open { display: flex; }\r\n .nav-toggle { display: block; }\r\n}\r\n@media (max-width: 640px) {\r\n .section { padding: 60px 16px; }\r\n .ipo-grid { grid-template-columns: 1fr 1fr; }\r\n .products-grid { grid-template-columns: 1fr; }\r\n .risks-grid { grid-template-columns: 1fr; }\r\n .growth-grid { grid-template-columns: 1fr; }\r\n .overview-grid { grid-template-columns: 1fr 1fr; }\r\n .highlights-grid { grid-template-columns: 1fr 1fr; }\r\n}\r\n<\/style>\r\n<\/head>\r\n<body>\r\n\r\n<!-- NAV -->\r\n<nav class=\"nav\" id=\"nav\">\r\n <div class=\"nav-inner\">\r\n <div class=\"nav-logo\">MiniMax<\/div>\r\n <button class=\"nav-toggle\" onclick=\"document.querySelector('.nav-links').classList.toggle('open')\" aria-label=\"Toggle menu\">☰<\/button>\r\n <ul class=\"nav-links\">\r\n <li><a href=\"#overview\">\u516c\u53f8\u6982\u51b5<\/a><\/li>\r\n <li><a href=\"#ipo\">IPO \u8be6\u60c5<\/a><\/li>\r\n <li><a href=\"#financials\">\u8d22\u52a1\u6570\u636e<\/a><\/li>\r\n <li><a href=\"#growth\">\u7528\u6237\u589e\u957f<\/a><\/li>\r\n <li><a href=\"#products\">\u4ea7\u54c1\u77e9\u9635<\/a><\/li>\r\n <li><a href=\"#timeline\">\u6280\u672f\u8def\u7ebf<\/a><\/li>\r\n <li><a href=\"#shareholder\">\u80a1\u4e1c\u7ed3\u6784<\/a><\/li>\r\n <li><a href=\"#risks\">\u98ce\u9669\u56e0\u7d20<\/a><\/li>\r\n <li><a href=\"#highlights\">\u6295\u8d44\u4eae\u70b9<\/a><\/li>\r\n <\/ul>\r\n <\/div>\r\n<\/nav>\r\n\r\n<!-- HERO -->\r\n<section class=\"hero\" id=\"hero\">\r\n <canvas class=\"hero-canvas\" id=\"particleCanvas\"><\/canvas>\r\n <div class=\"hero-bg\"><\/div>\r\n <div class=\"hero-content\">\r\n <div class=\"hero-badge\"><span class=\"dot\"><\/span> \u6e2f\u80a1\u4e3b\u677f \u00b7 0100.HK<\/div>\r\n <h1 class=\"hero-title\">MiniMax<\/h1>\r\n <p class=\"hero-sub\">\u62db\u80a1\u8bf4\u660e\u4e66\u6df1\u5ea6\u5206\u6790<\/p>\r\n <p class=\"hero-date\">2026.01.09 \u6b63\u5f0f\u6302\u724c<\/p>\r\n <\/div>\r\n <div class=\"hero-scroll\">\r\n <span>\u5411\u4e0b\u6eda\u52a8<\/span>\r\n <div class=\"arrow\"><\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- OVERVIEW -->\r\n<section class=\"section\" id=\"overview\">\r\n <div class=\"section-label fade-up\">Company Overview<\/div>\r\n <h2 class=\"section-title fade-up\">\u516c\u53f8\u6982\u51b5<\/h2>\r\n <div class=\"overview-grid\">\r\n <div class=\"card overview-item fade-up\">\r\n <div class=\"overview-icon\">\ud83d\ude80<\/div>\r\n <div class=\"overview-value\">2021\u5e74\u5e95<\/div>\r\n <div class=\"overview-label\">\u521b\u7acb\u65f6\u95f4<\/div>\r\n <div class=\"overview-desc\">AI \u901a\u7528\u667a\u80fd\u516c\u53f8<\/div>\r\n <\/div>\r\n <div class=\"card overview-item fade-up\">\r\n <div class=\"overview-icon\">\ud83d\udc65<\/div>\r\n <div class=\"overview-value\">385\u4eba<\/div>\r\n <div class=\"overview-label\">\u56e2\u961f\u89c4\u6a21<\/div>\r\n <div class=\"overview-desc\">\u5e73\u5747\u5e74\u9f8429\u5c81 \u00b7 \u7814\u53d1\u536074%<\/div>\r\n <\/div>\r\n <div class=\"card overview-item fade-up\">\r\n <div class=\"overview-icon\">\ud83c\udf0d<\/div>\r\n <div class=\"overview-value\">2.12\u4ebf+<\/div>\r\n <div class=\"overview-label\">\u5168\u7403\u7528\u6237<\/div>\r\n <div class=\"overview-desc\">\u8986\u76d6 200+ \u56fd\u5bb6\u548c\u5730\u533a<\/div>\r\n <\/div>\r\n <div class=\"card overview-item fade-up\">\r\n <div class=\"overview-icon\">\ud83c\udfc6<\/div>\r\n <div class=\"overview-value\">Top 10<\/div>\r\n <div class=\"overview-label\">\u5168\u7403\u6392\u540d<\/div>\r\n <div class=\"overview-desc\">\u5168\u7403\u7b2c\u5341\u5927\u6a21\u578b\u6280\u672f\u516c\u53f8 \u00b7 Pureplay \u5168\u7403\u7b2c\u56db<\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- IPO DETAILS -->\r\n<section class=\"section\" id=\"ipo\">\r\n <div class=\"section-label fade-up\">IPO Details<\/div>\r\n <h2 class=\"section-title fade-up\">IPO \u6838\u5fc3\u6570\u636e<\/h2>\r\n <div class=\"ipo-grid\">\r\n <div class=\"card ipo-card fade-up\">\r\n <div class=\"ipo-value\">165<small style=\"font-size:16px;font-weight:500\"> \u6e2f\u5143<\/small><\/div>\r\n <div class=\"ipo-label\">\u53d1\u884c\u4ef7<\/div>\r\n <div class=\"ipo-note\">\u4e0a\u9650\u5b9a\u4ef7 \u00b7 \u6bcf\u624b100\u80a1<\/div>\r\n <\/div>\r\n <div class=\"card ipo-card fade-up\">\r\n <div class=\"ipo-value\">55.4<small style=\"font-size:16px;font-weight:500\"> \u4ebf<\/small><\/div>\r\n <div class=\"ipo-label\">\u52df\u8d44\u603b\u989d\uff08\u6e2f\u5143\uff09<\/div>\r\n <div class=\"ipo-note\">\u516c\u5f00\u53d1\u552e\u8d85\u989d\u8ba4\u8d2d ~4 \u500d<\/div>\r\n <\/div>\r\n <div class=\"card ipo-card fade-up\">\r\n <div class=\"ipo-value success\">+109.09%<\/div>\r\n <div class=\"ipo-label\">\u4e0a\u5e02\u9996\u65e5\u6da8\u5e45<\/div>\r\n <div class=\"ipo-note\">\u9996\u65e5\u6536\u76d8\u4ef7 ~345 \u6e2f\u5143<\/div>\r\n <\/div>\r\n <div class=\"card ipo-card fade-up\">\r\n <div class=\"ipo-value\">2,635<small style=\"font-size:16px;font-weight:500\"> \u4ebf<\/small><\/div>\r\n <div class=\"ipo-label\">\u5f53\u524d\u5e02\u503c\uff08\u6e2f\u5143\uff09<\/div>\r\n <div class=\"ipo-note\">\u6e2f\u80a1 AI \u677f\u5757\u5e02\u503c\u524d\u5217<\/div>\r\n <\/div>\r\n <div class=\"card ipo-card fade-up\" style=\"grid-column: span 2;\">\r\n <div class=\"ipo-value\">14<small style=\"font-size:16px;font-weight:500\"> \u5bb6<\/small><\/div>\r\n <div class=\"ipo-label\">\u57fa\u77f3\u6295\u8d44\u8005<\/div>\r\n <div class=\"ipo-note\">\u8ba4\u8d2d\u603b\u989d\u7ea6 3.5 \u4ebf\u7f8e\u5143\uff0c\u5305\u62ec\u591a\u4f4d\u77e5\u540d\u673a\u6784\u6295\u8d44\u8005<\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- FINANCIALS -->\r\n<section class=\"section\" id=\"financials\">\r\n <div class=\"section-label fade-up\">Financial Data<\/div>\r\n <h2 class=\"section-title fade-up\">\u8d22\u52a1\u6570\u636e<\/h2>\r\n <div class=\"charts-grid\">\r\n <div class=\"card chart-card fade-up\">\r\n <div class=\"chart-title\"><span class=\"chart-icon\">\ud83d\udcc8<\/span> \u8425\u6536\u589e\u957f\u8d8b\u52bf<\/div>\r\n <canvas id=\"revenueChart\"><\/canvas>\r\n <\/div>\r\n <div class=\"card chart-card fade-up\">\r\n <div class=\"chart-title\"><span class=\"chart-icon\">\ud83e\udd67<\/span> \u6536\u5165\u7ed3\u6784\uff082025 Q1-Q3\uff09<\/div>\r\n <canvas id=\"revenueBreakdownChart\"><\/canvas>\r\n <\/div>\r\n <div class=\"card chart-card fade-up\">\r\n <div class=\"chart-title\"><span class=\"chart-icon\">\ud83c\udf0e<\/span> \u6536\u5165\u5730\u57df\u5206\u5e03<\/div>\r\n <canvas id=\"regionChart\"><\/canvas>\r\n <\/div>\r\n <div class=\"card chart-card fade-up\">\r\n <div class=\"chart-title\"><span class=\"chart-icon\">\ud83d\udcca<\/span> \u6bdb\u5229\u7387\u8d8b\u52bf<\/div>\r\n <canvas id=\"marginChart\"><\/canvas>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- USER GROWTH -->\r\n<section class=\"section\" id=\"growth\">\r\n <div class=\"section-label fade-up\">User Growth<\/div>\r\n <h2 class=\"section-title fade-up\">\u7528\u6237\u589e\u957f<\/h2>\r\n <div class=\"growth-grid\">\r\n <div class=\"card growth-card fade-up\">\r\n <div class=\"growth-header\">\r\n <span class=\"growth-metric\">\ud83d\udcc8 \u6708\u6d3b\u8dc3\u7528\u6237 (MAU)<\/span>\r\n <span class=\"growth-badge\">\u2191 9x<\/span>\r\n <\/div>\r\n <div class=\"growth-timeline\">\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"310\">0<\/div><div class=\"growth-year\">2023<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"1910\">0<\/div><div class=\"growth-year\">2024<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"2762\">0<\/div><div class=\"growth-year\">2025 Q1-Q3<\/div><\/div>\r\n <\/div>\r\n <div class=\"growth-bar-bg\"><div class=\"growth-bar-fill\" data-width=\"100\"><\/div><\/div>\r\n <div style=\"text-align:right;font-size:12px;color:var(--text-muted)\">\u5355\u4f4d\uff1a\u4e07<\/div>\r\n <\/div>\r\n <div class=\"card growth-card fade-up\">\r\n <div class=\"growth-header\">\r\n <span class=\"growth-metric\">\ud83d\udc8e \u4ed8\u8d39\u7528\u6237<\/span>\r\n <span class=\"growth-badge\">\u2191 15x<\/span>\r\n <\/div>\r\n <div class=\"growth-timeline\">\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"11.97\" data-decimals=\"2\">0<\/div><div class=\"growth-year\">2023<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"65.03\" data-decimals=\"2\">0<\/div><div class=\"growth-year\">2024<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"177.16\" data-decimals=\"2\">0<\/div><div class=\"growth-year\">2025 Q1-Q3<\/div><\/div>\r\n <\/div>\r\n <div class=\"growth-bar-bg\"><div class=\"growth-bar-fill\" data-width=\"100\"><\/div><\/div>\r\n <div style=\"text-align:right;font-size:12px;color:var(--text-muted)\">\u5355\u4f4d\uff1a\u4e07<\/div>\r\n <\/div>\r\n <div class=\"card growth-card fade-up\">\r\n <div class=\"growth-header\">\r\n <span class=\"growth-metric\">\ud83c\udfe2 \u4f01\u4e1a\u5ba2\u6237<\/span>\r\n <span class=\"growth-badge\">\u2191 25x<\/span>\r\n <\/div>\r\n <div class=\"growth-timeline\">\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"100\">0<\/div><div class=\"growth-year\">2023<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"700\">0<\/div><div class=\"growth-year\">2024<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"2500\">0<\/div><div class=\"growth-year\">2025 Q1-Q3<\/div><\/div>\r\n <\/div>\r\n <div class=\"growth-bar-bg\"><div class=\"growth-bar-fill\" data-width=\"100\"><\/div><\/div>\r\n <div style=\"text-align:right;font-size:12px;color:var(--text-muted)\">\u5355\u4f4d\uff1a\u5bb6<\/div>\r\n <\/div>\r\n <div class=\"card growth-card fade-up\">\r\n <div class=\"growth-header\">\r\n <span class=\"growth-metric\">\ud83c\udf10 \u5168\u7403\u7d2f\u8ba1\u7528\u6237<\/span>\r\n <span class=\"growth-badge\">\u2191 62x<\/span>\r\n <\/div>\r\n <div class=\"growth-timeline\">\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"340\">0<\/div><div class=\"growth-year\">2023<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"11600\">0<\/div><div class=\"growth-year\">2024<\/div><\/div>\r\n <div class=\"growth-point\"><div class=\"growth-val counter\" data-target=\"21200\">0<\/div><div class=\"growth-year\">2025 Q1-Q3<\/div><\/div>\r\n <\/div>\r\n <div class=\"growth-bar-bg\"><div class=\"growth-bar-fill\" data-width=\"100\"><\/div><\/div>\r\n <div style=\"text-align:right;font-size:12px;color:var(--text-muted)\">\u5355\u4f4d\uff1a\u4e07<\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- PRODUCTS -->\r\n<section class=\"section\" id=\"products\">\r\n <div class=\"section-label fade-up\">Product Matrix<\/div>\r\n <h2 class=\"section-title fade-up\">\u4ea7\u54c1\u77e9\u9635<\/h2>\r\n <div class=\"products-grid\">\r\n <div class=\"card product-card fade-up\">\r\n <div class=\"product-icon\">\ud83d\udcac<\/div>\r\n <div class=\"product-name\">Talkie \/ \u661f\u91ce<\/div>\r\n <div class=\"product-desc\">AI \u966a\u4f34\u793e\u4ea4\u5e73\u53f0\uff0c\u652f\u6301\u89d2\u8272\u521b\u5efa\u3001\u8bed\u97f3\u5bf9\u8bdd\u548c\u6c89\u6d78\u5f0f\u4e92\u52a8\u4f53\u9a8c<\/div>\r\n <div class=\"product-stat\">\r\n <span class=\"product-stat-label\">MAU<\/span>\r\n <span class=\"product-stat-value\">2,005\u4e07<\/span>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card product-card fade-up\">\r\n <div class=\"product-icon\">\ud83c\udfac<\/div>\r\n <div class=\"product-name\">\u6d77\u87ba AI<\/div>\r\n <div class=\"product-desc\">AI \u89c6\u9891\u751f\u6210\u5e73\u53f0\uff0c\u6587\u672c\/\u56fe\u7247\u4e00\u952e\u751f\u6210\u9ad8\u8d28\u91cf\u89c6\u9891\u5185\u5bb9<\/div>\r\n <div class=\"product-stat\">\r\n <span class=\"product-stat-label\">MAU<\/span>\r\n <span class=\"product-stat-value\">565\u4e07<\/span>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card product-card fade-up\">\r\n <div class=\"product-icon\">\ud83e\udd16<\/div>\r\n <div class=\"product-name\">MiniMax Agent<\/div>\r\n <div class=\"product-desc\">\u667a\u80fd\u4f53\u5e73\u53f0\uff0c\u7528\u6237\u53ef\u521b\u5efa\u548c\u90e8\u7f72\u81ea\u5b9a\u4e49 AI Agent<\/div>\r\n <div class=\"product-stat\">\r\n <span class=\"product-stat-label\">MAU<\/span>\r\n <span class=\"product-stat-value\">143\u4e07<\/span>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card product-card fade-up\">\r\n <div class=\"product-icon\">\ud83c\udf99\ufe0f<\/div>\r\n <div class=\"product-name\">MiniMax \u8bed\u97f3<\/div>\r\n <div class=\"product-desc\">\u8bed\u97f3\u4ea4\u4e92\u4ea7\u54c1\uff0c\u652f\u6301\u591a\u8bed\u8a00\u8bed\u97f3\u5408\u6210\u4e0e\u8bed\u97f3\u5bf9\u8bdd<\/div>\r\n <div class=\"product-stat\">\r\n <span class=\"product-stat-label\">MAU<\/span>\r\n <span class=\"product-stat-value\">49\u4e07<\/span>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card product-card fade-up\">\r\n <div class=\"product-icon\">\ud83d\udd0c<\/div>\r\n <div class=\"product-name\">\u5f00\u653e\u5e73\u53f0<\/div>\r\n <div class=\"product-desc\">B \u7aef API \u670d\u52a1\uff0c\u63d0\u4f9b\u6a21\u578b\u8c03\u7528\u3001\u8bed\u97f3\u5408\u6210\u3001\u89c6\u9891\u751f\u6210\u7b49\u80fd\u529b<\/div>\r\n <div class=\"product-stat\">\r\n <span class=\"product-stat-label\">\u4f01\u4e1a\u5ba2\u6237<\/span>\r\n <span class=\"product-stat-value\">2,500\u5bb6<\/span>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- TIMELINE -->\r\n<section class=\"section\" id=\"timeline\">\r\n <div class=\"section-label fade-up\">Model Technology<\/div>\r\n <h2 class=\"section-title fade-up\">\u6a21\u578b\u6280\u672f\u6f14\u8fdb<\/h2>\r\n <div class=\"timeline fade-up\">\r\n <div class=\"timeline-item\">\r\n <div class=\"timeline-dot\"><\/div>\r\n <div class=\"timeline-year\">2022<\/div>\r\n <div class=\"timeline-content\"><strong>abab 1<\/strong> \u2014 \u9996\u4ee3\u5927\u8bed\u8a00\u6a21\u578b\u53d1\u5e03\uff0c\u5960\u5b9a\u57fa\u7840\u67b6\u6784<\/div>\r\n <\/div>\r\n <div class=\"timeline-item\">\r\n <div class=\"timeline-dot\"><\/div>\r\n <div class=\"timeline-year\">2023<\/div>\r\n <div class=\"timeline-content\"><strong>abab 5.5 \/ 6.0<\/strong> \u2014 \u8bed\u8a00\u6a21\u578b\u8fed\u4ee3  \u00b7  <strong>Text-01<\/strong> \u2014 \u6587\u672c\u7406\u89e3  \u00b7  <strong>Hailuo-01<\/strong> \u2014 \u89c6\u9891\u751f\u6210  \u00b7  <strong>Speech-01<\/strong> \u2014 \u8bed\u97f3\u5408\u6210<\/div>\r\n <\/div>\r\n <div class=\"timeline-item\">\r\n <div class=\"timeline-dot\"><\/div>\r\n <div class=\"timeline-year\">2024<\/div>\r\n <div class=\"timeline-content\"><strong>M1<\/strong> \u2014 MoE \u67b6\u6784\u5927\u6a21\u578b  \u00b7  <strong>Hailuo-02<\/strong> \u2014 \u89c6\u9891\u751f\u6210\u5347\u7ea7  \u00b7  <strong>Speech-02<\/strong> \u2014 \u8bed\u97f3\u6280\u672f\u5347\u7ea7<\/div>\r\n <\/div>\r\n <div class=\"timeline-item\">\r\n <div class=\"timeline-dot\"><\/div>\r\n <div class=\"timeline-year\">2025.06<\/div>\r\n <div class=\"timeline-content\"><strong>M1 \u5f00\u6e90<\/strong> \u2014 \u63a8\u52a8\u5f00\u6e90\u751f\u6001\uff0cMoE \u67b6\u6784\u5f00\u653e\u6743\u91cd<\/div>\r\n <\/div>\r\n <div class=\"timeline-item\">\r\n <div class=\"timeline-dot\"><\/div>\r\n <div class=\"timeline-year\">2025.10<\/div>\r\n <div class=\"timeline-content\"><strong>M2 \u5f00\u6e90<\/strong> \u2014 \u5168\u7403\u5f00\u6e90\u6392\u540d\u7b2c 5\uff0c\u6027\u80fd\u6bd4\u80a9\u9876\u7ea7\u95ed\u6e90\u6a21\u578b<\/div>\r\n <\/div>\r\n <div class=\"timeline-item\">\r\n <div class=\"timeline-dot\" style=\"background:var(--accent-blue);box-shadow:0 0 0 4px var(--bg-primary),0 0 12px rgba(59,130,246,0.5)\"><\/div>\r\n <div class=\"timeline-year\" style=\"color:var(--accent-blue)\">2026.03<\/div>\r\n <div class=\"timeline-content\"><strong>M2.7<\/strong> \u2014 \u6a21\u578b\u81ea\u6211\u8fdb\u5316\u80fd\u529b\u7a81\u7834\uff0c\u6301\u7eed\u5f15\u9886\u6280\u672f\u524d\u6cbf<\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- SHAREHOLDER -->\r\n<section class=\"section\" id=\"shareholder\">\r\n <div class=\"section-label fade-up\">Shareholder Structure<\/div>\r\n <h2 class=\"section-title fade-up\">\u80a1\u4e1c\u7ed3\u6784<\/h2>\r\n <div class=\"shareholder-grid\">\r\n <div class=\"shareholder-chart-wrap fade-up\">\r\n <canvas id=\"shareholderChart\"><\/canvas>\r\n <\/div>\r\n <div class=\"shareholder-list fade-up\">\r\n <div class=\"shareholder-item\">\r\n <div class=\"shareholder-color\" style=\"background:#7c3aed\"><\/div>\r\n <div><div class=\"shareholder-name\">\u95eb\u4fca\u6770 (Alpha EXP)<\/div><div class=\"shareholder-note\">59.98% \u6295\u7968\u6743 \u00b7 A\/B\u80a1\u67b6\u6784<\/div><\/div>\r\n <div class=\"shareholder-pct\">19.96%<\/div>\r\n <\/div>\r\n <div class=\"shareholder-item\">\r\n <div class=\"shareholder-color\" style=\"background:#a855f7\"><\/div>\r\n <div><div class=\"shareholder-name\">\u963f\u91cc\u5df4\u5df4<\/div><div class=\"shareholder-note\">\u6218\u7565\u6295\u8d44\u8005<\/div><\/div>\r\n <div class=\"shareholder-pct\">13.66%<\/div>\r\n <\/div>\r\n <div class=\"shareholder-item\">\r\n <div class=\"shareholder-color\" style=\"background:#3b82f6\"><\/div>\r\n <div><div class=\"shareholder-name\">\u7c73\u54c8\u6e38<\/div><div class=\"shareholder-note\">\u6218\u7565\u6295\u8d44\u8005<\/div><\/div>\r\n <div class=\"shareholder-pct\">~6.4%<\/div>\r\n <\/div>\r\n <div class=\"shareholder-item\">\r\n <div class=\"shareholder-color\" style=\"background:#22c55e\"><\/div>\r\n <div><div class=\"shareholder-name\">\u817e\u8baf<\/div><div class=\"shareholder-note\">\u6218\u7565\u6295\u8d44\u8005<\/div><\/div>\r\n <div class=\"shareholder-pct\">2.58%<\/div>\r\n <\/div>\r\n <div class=\"shareholder-item\">\r\n <div class=\"shareholder-color\" style=\"background:#f59e0b\"><\/div>\r\n <div><div class=\"shareholder-name\">IDG \u8d44\u672c<\/div><div class=\"shareholder-note\">\u8d22\u52a1\u6295\u8d44\u8005<\/div><\/div>\r\n <div class=\"shareholder-pct\">~1.89%<\/div>\r\n <\/div>\r\n <div class=\"shareholder-item\">\r\n <div class=\"shareholder-color\" style=\"background:#64748b\"><\/div>\r\n <div><div class=\"shareholder-name\">\u5176\u4ed6\u6295\u8d44\u8005<\/div><div class=\"shareholder-note\">\u542b\u5176\u4ed6\u65e9\u671f\u6295\u8d44\u4eba<\/div><\/div>\r\n <div class=\"shareholder-pct\">~55.5%<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- RISKS -->\r\n<section class=\"section\" id=\"risks\">\r\n <div class=\"section-label fade-up\">Risk Factors<\/div>\r\n <h2 class=\"section-title fade-up\">\u98ce\u9669\u56e0\u7d20<\/h2>\r\n <div class=\"risks-grid\">\r\n <div class=\"card risk-item fade-up\">\r\n <div class=\"risk-icon-wrap\">\ud83d\udcb0<\/div>\r\n <div>\r\n <div class=\"risk-title\">\u6301\u7eed\u4e8f\u635f\u98ce\u9669<\/div>\r\n <div class=\"risk-desc\">\u7d2f\u8ba1\u7ecf\u8c03\u6574\u51c0\u4e8f\u635f 13.2 \u4ebf\u7f8e\u5143\uff0c\u76c8\u5229\u8def\u5f84\u5c1a\u4e0d\u660e\u786e\uff0c\u9ad8\u5ea6\u4f9d\u8d56\u6301\u7eed\u878d\u8d44\u548c\u6536\u5165\u589e\u957f<\/div>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card risk-item fade-up\">\r\n <div class=\"risk-icon-wrap\">\u2696\ufe0f<\/div>\r\n <div>\r\n <div class=\"risk-title\">\u7248\u6743\u8bc9\u8bbc\u98ce\u9669<\/div>\r\n <div class=\"risk-desc\">\u9762\u4e34\u8fea\u58eb\u5c3c\u7b49\u516c\u53f8\u7d22\u8d54 7,500 \u4e07\u7f8e\u5143\uff0cAI \u751f\u6210\u5185\u5bb9\u7684\u7248\u6743\u5f52\u5c5e\u95ee\u9898\u4ecd\u662f\u884c\u4e1a\u96be\u9898<\/div>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card risk-item fade-up\">\r\n <div class=\"risk-icon-wrap\">\ud83c\udf10<\/div>\r\n <div>\r\n <div class=\"risk-title\">\u6d77\u5916\u6536\u5165\u96c6\u4e2d<\/div>\r\n <div class=\"risk-desc\">\u6d77\u5916\u6536\u5165\u5360\u6bd4 73%\uff0c\u9762\u4e34\u5730\u7f18\u653f\u6cbb\u98ce\u9669\u3001\u6570\u636e\u5408\u89c4\u8981\u6c42\u548c\u6c47\u7387\u6ce2\u52a8\u5f71\u54cd<\/div>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card risk-item fade-up\">\r\n <div class=\"risk-icon-wrap\">\u26a1<\/div>\r\n <div>\r\n <div class=\"risk-title\">\u6280\u672f\u8fed\u4ee3\u7ade\u4e89<\/div>\r\n <div class=\"risk-desc\">AI \u884c\u4e1a\u6280\u672f\u66f4\u65b0\u6781\u5feb\uff0c\u9762\u4e34 OpenAI\u3001Google\u3001\u56fd\u5185\u5927\u5382\u7b49\u591a\u7ef4\u5ea6\u7ade\u4e89\u538b\u529b<\/div>\r\n <\/div>\r\n <\/div>\r\n <div class=\"card risk-item fade-up\">\r\n <div class=\"risk-icon-wrap\">\ud83c\udfdb\ufe0f<\/div>\r\n <div>\r\n <div class=\"risk-title\">\u4e0d\u540c\u6295\u7968\u6743\u67b6\u6784<\/div>\r\n <div class=\"risk-desc\">A\/B \u80a1\u67b6\u6784\u4e0b\u521b\u59cb\u4eba\u62e5\u6709 59.98% \u6295\u7968\u6743\uff0c\u666e\u901a\u80a1\u4e1c\u51b3\u7b56\u6743\u6709\u9650<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- HIGHLIGHTS -->\r\n<section class=\"section\" id=\"highlights\">\r\n <div class=\"section-label fade-up\">Investment Highlights<\/div>\r\n <h2 class=\"section-title fade-up\">\u6295\u8d44\u4eae\u70b9<\/h2>\r\n <div class=\"highlights-grid\">\r\n <div class=\"card highlight-card fade-up\">\r\n <div class=\"highlight-icon\">\ud83d\ude80<\/div>\r\n <div class=\"highlight-title\">\u7206\u53d1\u5f0f\u8425\u6536\u589e\u957f<\/div>\r\n <div class=\"highlight-desc\">\u8425\u6536\u4ece 2022 \u5e74 $0.35M \u98d9\u5347\u81f3 2025 \u5e74 $79.04M\uff0cCAGR \u8d85\u8fc7 500%<\/div>\r\n <\/div>\r\n <div class=\"card highlight-card fade-up\">\r\n <div class=\"highlight-icon\">\ud83c\udf0d<\/div>\r\n <div class=\"highlight-title\">\u5168\u7403\u5316\u9886\u5148\u5e03\u5c40<\/div>\r\n <div class=\"highlight-desc\">\u6d77\u5916\u6536\u5165\u5360 73%\uff0c\u5168\u7403 2.12 \u4ebf\u7528\u6237\uff0c200+ \u56fd\u5bb6\u8986\u76d6\uff0cTalkie \u5728\u7f8e\u56fd\u5e02\u573a\u8868\u73b0\u7a81\u51fa<\/div>\r\n <\/div>\r\n <div class=\"card highlight-card fade-up\">\r\n <div class=\"highlight-icon\">\ud83e\udde0<\/div>\r\n <div class=\"highlight-title\">\u5168\u6808\u81ea\u7814\u6280\u672f<\/div>\r\n <div class=\"highlight-desc\">\u4ece\u8bed\u8a00\u6a21\u578b\u5230\u89c6\u9891\u3001\u8bed\u97f3\u3001\u97f3\u4e50\u5168\u6a21\u6001\u81ea\u7814\uff0cM2 \u5f00\u6e90\u5168\u7403\u7b2c 5\uff0c\u6280\u672f\u5b9e\u529b\u9a8c\u8bc1<\/div>\r\n <\/div>\r\n <div class=\"card highlight-card fade-up\">\r\n <div class=\"highlight-icon\">\ud83d\udc8e<\/div>\r\n <div class=\"highlight-title\">\u660e\u661f\u80a1\u4e1c\u9635\u5bb9<\/div>\r\n <div class=\"highlight-desc\">\u963f\u91cc\u5df4\u5df4\u3001\u817e\u8baf\u3001\u7c73\u54c8\u6e38\u3001IDG \u7b49\u9876\u7ea7\u673a\u6784\u52a0\u6301\uff0c14 \u5bb6\u57fa\u77f3\u6295\u8d44\u8005\u8ba4\u8d2d 3.5 \u4ebf\u7f8e\u5143<\/div>\r\n <\/div>\r\n <div class=\"card highlight-card fade-up\">\r\n <div class=\"highlight-icon\">\ud83d\udcf1<\/div>\r\n <div class=\"highlight-title\">C \u7aef\u4ea7\u54c1\u77e9\u9635<\/div>\r\n <div class=\"highlight-desc\">Talkie\u3001\u6d77\u87ba AI \u7b49\u591a\u6b3e\u4ea7\u54c1 MAU \u6301\u7eed\u589e\u957f\uff0c\u5df2\u5f62\u6210 C \u7aef + B \u7aef\u53cc\u8f6e\u9a71\u52a8\u6a21\u5f0f<\/div>\r\n <\/div>\r\n <div class=\"card highlight-card fade-up\">\r\n <div class=\"highlight-icon\">\ud83d\udcca<\/div>\r\n <div class=\"highlight-title\">\u6bdb\u5229\u7387\u5feb\u901f\u6539\u5584<\/div>\r\n <div class=\"highlight-desc\">\u6bdb\u5229\u7387\u4ece -247% \u6539\u5584\u81f3 25.4%\uff0c\u89c4\u6a21\u6548\u5e94\u663e\u73b0\uff0c\u76c8\u5229\u8def\u5f84\u9010\u6b65\u6e05\u6670<\/div>\r\n <\/div>\r\n <\/div>\r\n<\/section>\r\n\r\n<div class=\"section-divider\"><\/div>\r\n\r\n<!-- FOOTER -->\r\n<footer class=\"footer\">\r\n <div class=\"footer-inner\">\r\n <p class=\"footer-text\" style=\"margin-bottom:8px;\">\r\n <strong style=\"color:var(--text-secondary)\">\u514d\u8d23\u58f0\u660e<\/strong><br>\r\n \u672c\u9875\u9762\u4ec5\u4f9b\u5b66\u4e60\u7814\u7a76\u7528\u9014\uff0c\u4e0d\u6784\u6210\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\u3002\u6570\u636e\u6765\u6e90\u4e8e MiniMax Group Limited \u62db\u80a1\u8bf4\u660e\u4e66\u53ca\u516c\u5f00\u8d44\u6599\uff0c<br>\r\n \u53ef\u80fd\u5b58\u5728\u6ede\u540e\u6216\u504f\u5dee\u3002\u6295\u8d44\u6709\u98ce\u9669\uff0c\u5165\u5e02\u9700\u8c28\u614e\u3002\r\n <\/p>\r\n <p class=\"footer-text\" style=\"margin-top:16px;\">\r\n \u6570\u636e\u6765\u6e90\uff1aMiniMax Group Limited \u62db\u80a1\u8bf4\u660e\u4e66 \u00b7 \u6e2f\u4ea4\u6240\u62ab\u9732\u6613 \u00b7 \u516c\u5f00\u65b0\u95fb\u62a5\u9053<br>\r\n \r\n <\/p>\r\n <\/div>\r\n<\/footer>\r\n\r\n<script>\r\n\/\/ ===== PARTICLES =====\r\n(function() {\r\n const canvas = document.getElementById('particleCanvas');\r\n const ctx = canvas.getContext('2d');\r\n let particles = [];\r\n const PARTICLE_COUNT = 60;\r\n\r\n function resize() {\r\n canvas.width = window.innerWidth;\r\n canvas.height = window.innerHeight;\r\n }\r\n resize();\r\n window.addEventListener('resize', resize);\r\n\r\n class Particle {\r\n constructor() {\r\n this.reset();\r\n }\r\n reset() {\r\n this.x = Math.random() * canvas.width;\r\n this.y = Math.random() * canvas.height;\r\n this.size = Math.random() * 2 + 0.5;\r\n this.speedX = (Math.random() - 0.5) * 0.3;\r\n this.speedY = (Math.random() - 0.5) * 0.3;\r\n this.opacity = Math.random() * 0.5 + 0.1;\r\n this.hue = Math.random() > 0.5 ? 262 : 270;\r\n }\r\n update() {\r\n this.x += this.speedX;\r\n this.y += this.speedY;\r\n if (this.x < 0 || this.x > canvas.width || this.y < 0 || this.y > canvas.height) {\r\n this.reset();\r\n }\r\n }\r\n draw() {\r\n ctx.beginPath();\r\n ctx.arc(this.x, this.y, this.size, 0, Math.PI * 2);\r\n ctx.fillStyle = `hsla(${this.hue}, 70%, 65%, ${this.opacity})`;\r\n ctx.fill();\r\n }\r\n }\r\n\r\n for (let i = 0; i < PARTICLE_COUNT; i++) {\r\n particles.push(new Particle());\r\n }\r\n\r\n function animate() {\r\n ctx.clearRect(0, 0, canvas.width, canvas.height);\r\n particles.forEach(p => { p.update(); p.draw(); });\r\n \/\/ Draw connections\r\n for (let i = 0; i < particles.length; i++) {\r\n for (let j = i + 1; j < particles.length; j++) {\r\n const dx = particles[i].x - particles[j].x;\r\n const dy = particles[i].y - particles[j].y;\r\n const dist = Math.sqrt(dx * dx + dy * dy);\r\n if (dist < 150) {\r\n ctx.beginPath();\r\n ctx.moveTo(particles[i].x, particles[i].y);\r\n ctx.lineTo(particles[j].x, particles[j].y);\r\n ctx.strokeStyle = `rgba(124, 58, 237, ${0.06 * (1 - dist \/ 150)})`;\r\n ctx.lineWidth = 0.5;\r\n ctx.stroke();\r\n }\r\n }\r\n }\r\n requestAnimationFrame(animate);\r\n }\r\n animate();\r\n})();\r\n\r\n\/\/ ===== NAV SCROLL =====\r\nconst nav = document.getElementById('nav');\r\nwindow.addEventListener('scroll', () => {\r\n nav.classList.toggle('scrolled', window.scrollY > 50);\r\n});\r\n\r\n\/\/ ===== SCROLL ANIMATIONS =====\r\nconst observer = new IntersectionObserver((entries) => {\r\n entries.forEach(entry => {\r\n if (entry.isIntersecting) {\r\n entry.target.classList.add('visible');\r\n \/\/ Trigger growth bar fills\r\n const bars = entry.target.querySelectorAll('.growth-bar-fill');\r\n bars.forEach(bar => {\r\n bar.style.width = bar.dataset.width + '%';\r\n });\r\n \/\/ Trigger counters\r\n const counters = entry.target.querySelectorAll('.counter');\r\n counters.forEach(c => {\r\n if (!c.dataset.animated) {\r\n c.dataset.animated = '1';\r\n animateCounter(c);\r\n }\r\n });\r\n }\r\n });\r\n}, { threshold: 0.15, rootMargin: '0px 0px -50px 0px' });\r\n\r\ndocument.querySelectorAll('.fade-up').forEach(el => observer.observe(el));\r\n\r\n\/\/ ===== COUNTER ANIMATION =====\r\nfunction animateCounter(el) {\r\n const target = parseFloat(el.dataset.target);\r\n const decimals = parseInt(el.dataset.decimals || '0');\r\n const duration = 1800;\r\n const start = performance.now();\r\n\r\n function update(now) {\r\n const elapsed = now - start;\r\n const progress = Math.min(elapsed \/ duration, 1);\r\n const eased = 1 - Math.pow(1 - progress, 3); \/\/ ease-out cubic\r\n const current = target * eased;\r\n if (decimals > 0) {\r\n el.textContent = current.toFixed(decimals);\r\n } else {\r\n el.textContent = Math.round(current).toLocaleString();\r\n }\r\n if (progress < 1) requestAnimationFrame(update);\r\n }\r\n requestAnimationFrame(update);\r\n}\r\n\r\n\/\/ ===== CHART.JS CONFIG =====\r\nChart.defaults.color = '#a1a1aa';\r\nChart.defaults.borderColor = '#262626';\r\nChart.defaults.font.family = \"'Inter', sans-serif\";\r\n\r\n\/\/ Revenue Chart\r\nnew Chart(document.getElementById('revenueChart'), {\r\n type: 'bar',\r\n data: {\r\n labels: ['2022', '2023', '2024', '2025'],\r\n datasets: [{\r\n label: '\u8425\u6536 (\u767e\u4e07\u7f8e\u5143)',\r\n data: [0.35, 3.05, 30.52, 79.04],\r\n backgroundColor: [\r\n 'rgba(124, 58, 237, 0.6)',\r\n 'rgba(124, 58, 237, 0.7)',\r\n 'rgba(168, 85, 247, 0.7)',\r\n 'rgba(168, 85, 247, 0.9)'\r\n ],\r\n borderColor: [\r\n 'rgba(124, 58, 237, 1)',\r\n 'rgba(124, 58, 237, 1)',\r\n 'rgba(168, 85, 247, 1)',\r\n 'rgba(168, 85, 247, 1)'\r\n ],\r\n borderWidth: 1,\r\n borderRadius: 8,\r\n barThickness: 48\r\n }]\r\n },\r\n options: {\r\n responsive: true,\r\n maintainAspectRatio: false,\r\n plugins: {\r\n legend: { display: false },\r\n tooltip: {\r\n backgroundColor: '#1a1a1a',\r\n borderColor: '#262626',\r\n borderWidth: 1,\r\n titleColor: '#fff',\r\n bodyColor: '#a1a1aa',\r\n padding: 12,\r\n cornerRadius: 8,\r\n callbacks: {\r\n label: ctx => '$' + ctx.parsed.y + 'M'\r\n }\r\n }\r\n },\r\n scales: {\r\n y: {\r\n beginAtZero: true,\r\n grid: { color: 'rgba(38,38,38,0.5)' },\r\n ticks: { callback: v => '$' + v + 'M' }\r\n },\r\n x: { grid: { display: false } }\r\n }\r\n }\r\n});\r\n\r\n\/\/ Revenue Breakdown\r\nnew Chart(document.getElementById('revenueBreakdownChart'), {\r\n type: 'doughnut',\r\n data: {\r\n labels: ['AI \u539f\u751f\u4ea7\u54c1', '\u5f00\u653e\u5e73\u53f0'],\r\n datasets: [{\r\n data: [71.1, 28.9],\r\n backgroundColor: [\r\n 'rgba(124, 58, 237, 0.85)',\r\n 'rgba(59, 130, 246, 0.85)'\r\n ],\r\n borderColor: '#141414',\r\n borderWidth: 3,\r\n hoverOffset: 8\r\n }]\r\n },\r\n options: {\r\n responsive: true,\r\n maintainAspectRatio: false,\r\n cutout: '65%',\r\n plugins: {\r\n legend: {\r\n position: 'bottom',\r\n labels: { padding: 20, usePointStyle: true, pointStyleWidth: 10 }\r\n },\r\n tooltip: {\r\n backgroundColor: '#1a1a1a',\r\n borderColor: '#262626',\r\n borderWidth: 1,\r\n padding: 12,\r\n cornerRadius: 8,\r\n callbacks: {\r\n label: ctx => ctx.label + ': ' + ctx.parsed + '%'\r\n }\r\n }\r\n }\r\n }\r\n});\r\n\r\n\/\/ Region Chart\r\nnew Chart(document.getElementById('regionChart'), {\r\n type: 'doughnut',\r\n data: {\r\n labels: ['\u6d77\u5916', '\u56fd\u5185'],\r\n datasets: [{\r\n data: [73, 27],\r\n backgroundColor: [\r\n 'rgba(34, 197, 94, 0.8)',\r\n 'rgba(245, 158, 11, 0.8)'\r\n ],\r\n borderColor: '#141414',\r\n borderWidth: 3,\r\n hoverOffset: 8\r\n }]\r\n },\r\n options: {\r\n responsive: true,\r\n maintainAspectRatio: false,\r\n cutout: '65%',\r\n plugins: {\r\n legend: {\r\n position: 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