NOOVIVE WIKI · ENTERPRISE DNA

Industry{{ tag.name }} ↗

Stock Ticker{{ data.company.stockCode }}

Founding Year{{ data.company.founded }}

Headquarters{{ data.company.headquarters }}

{{ data.company.revenueLabel || 'FY2025营业收入' }}{{ data.company.latestRevenue }}

{{ data.company.scaleLabel || 'FY2025员工' }}{{ data.company.employees }}

Update Date

{{ hasSplitCapabilityGeneAtlas ? '01 · 企业价值主张' : '01 · 企业 DNA 结论' }}

0{{ index + 1 }}{{ step.label }}{{ step.detail }} {{ geneName(step.geneId) }} ↗

Feedback ReinvestmentOpportunity EntrySales, membership, and regional operating results write back to the next round of candidate judgments

{{ hasSplitCapabilityGeneAtlas ? (data.pageCopy.overviewValueFlowTitle || '核心价值流') : data.pageCopy.overviewGenomeTitle }}

{{ hasSplitCapabilityGeneAtlas ? (data.pageCopy.overviewValueFlowDetail || data.businessModel.boundary) : data.pageCopy.overviewGenomeDetail }}

{{ domain.scoreMeta?.label || '机制成熟度' }}{{ domain.score == null ? '未评级' : domain.score }}

{{ data.domainHighlights[domain.id]?.tag }}{{ domain.shortName }}

03 · Corporate-level comprehensive judgment.

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{{ insight.visual?.nonAdditive ? '报告分部含内部交易，条形仅比较披露相对量' : insight.visual?.known ? '同口径收入构成' : '收入权重未披露' }}

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01 Profit Formation

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↓ Post-tax profits after non-cash items and changes in working capital

02 Profit to cash{{ insight.visual?.cash?.conversion }}现金转化

Starting Point{{ insight.visual?.cash?.from }}→ {{ insight.visual?.cash?.gap }} →Result{{ insight.visual?.cash?.to }}

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→

Leading Signals{{ constraintItemText(item) }}

→

Financial Focus{{ constraintItemText(item) }}

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{{ insight.trend.revenueLabel || '收入' }}{{ insight.trend.profitLabel || '利润' }}{{ localizedLabel('单位：') }}{{ insight.trend.unit || '亿元' }} · {{ localizedLabel('同一纵轴') }}

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Protection Conditions{{ insight.visual?.stop }}

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{{ partner.status }}{{ partner.label }}{{ partner.value }}

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↓ Only when the delivery chain is completed does the leading signal become legal revenue

{{ insight.riskFacts?.[0]?.label || '已知事实 A' }}{{ insight.riskFacts?.[0]?.value || '头部IP占比 38.1%' }}{{ insight.riskFacts?.[0]?.detail || '收入波动暴露上升' }} {{ insight.riskBridge?.label || '联合观察' }}{{ insight.riskBridge?.detail || '预测偏差 · 库龄 · 折价' }} {{ insight.riskFacts?.[1]?.label || '已知事实 B' }}{{ insight.riskFacts?.[1]?.value || '库存周转 123天' }}{{ insight.riskFacts?.[1]?.detail || '资金占用时间延长' }}

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{{ insight.calloutLabel }}{{ publicCopy(insight.callout) }}

数据来源：{{ sourceSummary(insight.sourceIds) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Calculation Notes{{ insight.calculation }}

04 · Governance and Responsibility

{{ data.governanceOverview.thesis || data.governanceOverview.summary }}

{{ data.governanceOverview.visual.title }}

{{ data.governanceOverview.visual.ownership.label }}{{ data.governanceOverview.visual.ownership.value }}

{{ data.governanceOverview.visual.board.label }}{{ data.governanceOverview.visual.board.value }}

↓

{{ data.governanceOverview.visual.executive.label }}{{ data.governanceOverview.visual.executive.value }}

↓

{{ item.label }}{{ item.value }}

{{ data.governanceOverview.visual.responsibilityLayerLabel || '产品责任' }}

{{ item.label }}{{ item.value }}

↔{{ data.governanceOverview.visual.coordinationLabel }}

{{ item.label }}{{ item.detail }}

{{ data.governanceOverview.visual.headquartersContribution.eyebrow || 'GROUP / MANAGEMENT' }}

{{ data.governanceOverview.visual.headquartersContribution.label }}

{{ item }}

↔ Unified Standards, Coordinated Operations, and Result Verification ↓ Authorized operations and result verification

{{ data.governanceOverview.visual.regionContribution.eyebrow || 'OPERATING CONTROL' }}

{{ item }}

Relationship Boundaries

The hierarchical structure only indicates analysis levels

{{ data.governanceOverview.visual.relationshipNote || '公开资料未确认总部平台与区域市场的完整汇报关系；图中总部在上、区域在下，仅用于区分总部平台与区域执行层，不代表已确认的上下级或直接汇报关系。' }}

RESULT REVIEW

↩ {{ data.governanceOverview.visual.feedback }}

数据来源：{{ sourceSummary(data.governanceOverview.sourceIds) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Judgment boundaries:{{ data.governanceOverview.boundary }}

Data sources and analysis methods

Primary sources

Analytical Object

Company strategy, Business Model, Capability blueprint, and operational implementation form the business semantic backbone; value streams connect choices to outcomes, while Metric, Event, Evidence, and versions continuously validate judgments, and the Gene Map summarizes mechanisms across Capability and across cycles.

{{ data.scoring.formula }}。{{ data.scoring.comparability }}

Rating Contract ↗ · Recomputable Scoring Example ↗ · Genealogy Registry ↗

Facts and Inferences

Quantitative data and operational actions come from public disclosures; mechanism relationships and operational impacts are based on public evidence and research judgments.

Public Evidence Boundaries

This page forms external research judgments based on public disclosures and traceable Sources. It does not mean that undisclosed internal enterprise mechanisms have been proven, nor that every statement on the page has undergone independent manual fact-checking. Before citing or using it for decisions, verify again against the original Sources, applicable periods, and statistical Basis.

Strategic interpretation

Strategic Changes in the Past 3–5 Years

{{ data.strategicEvolution.axis?.from }}{{ data.strategicEvolution.axis?.label }}{{ data.strategicEvolution.axis?.to }}

Core Operating Metrics{{ data.strategicEvolution.commonMetricTrend.title }}{{ strategyCommonTrendScaleNote(data.strategicEvolution.commonMetricTrend) }}

{{ series.label }}{{ data.strategicEvolution.commonMetricTrend.overlaySeries.label }}

Change Factors{{ stage.trigger }}

↓

Strategic Response{{ stage.action || stage.detail }}

→

{{ stage.period }}{{ stage.label }}→

{{ stage.supportA }}{{ stage.supportB }}

{{ strategyMigrationAxisValue(data.strategicEvolution,'y','high') }}{{ strategyMigrationAxisValue(data.strategicEvolution,'y','label') || '全球经营广度' }}{{ strategyMigrationAxisValue(data.strategicEvolution,'y','low') }}

{{ strategyMigrationZoneLabel(data.strategicEvolution,'topRight') }}{{ strategyMigrationZoneLabel(data.strategicEvolution,'bottomLeft') }}

{{ stage.period }}{{ stage.value }}

{{ stage.supportA || ('过亿IP '+stage.ipCount) }}{{ stage.supportB || ('境外店 '+stage.globalFootprint) }}

{{ strategyMigrationAxisValue(data.strategicEvolution,'x','low') }}{{ strategyMigrationAxisValue(data.strategicEvolution,'x','label') }}{{ strategyMigrationAxisValue(data.strategicEvolution,'x','high') }}

{{ stage.period }} · {{ stage.label }}{{ stage.detail }}

Continuous operational outcomes during strategic periods{{ data.strategicEvolution.annualTrend.title }}Columns: revenue and profit (common zero baseline) · Lines: profit margin (right axis)

{{ strategyCommonTrendAxisValue(data.strategicEvolution.annualTrend,'max') }} {{ strategyCommonTrendAxisValue(data.strategicEvolution.annualTrend,'min') }}

{{ strategyCommonTrendValue(series,index) }}

{{ strategyCommonTrendOverlayAxisValue(data.strategicEvolution.annualTrend,'max') }} {{ strategyCommonTrendOverlayAxisValue(data.strategicEvolution.annualTrend,'min') }}

{{ period }}

Operational outcomes and strategic phases

{{ period }}{{ data.strategicEvolution.trend.phases[index] }}

数据来源：{{ sourceSummary(data.strategicEvolution.sourceIds) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date }}

Judgment boundaries:{{ data.strategicEvolution.boundary || '节点位置是由公开经营结果和可追溯战略动作支持的相对迁移，不是精确评分。' }}

Industry Patterns

Competitive Dynamics

Company Stage

Feasible Alternatives

Selected Benefits

Operational Cost

Unique Resource Endowment

The Trade-offs Formed

数据来源：{{ sourceSummary(theme.sourceIds) }}NOOVIVE Analysis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Calculation Notes{{ theme.calculation }}

Judgment attributes:{{ theme.evidenceStatus }}

Associated Capabilities{{ capabilityName(capId) }}

Data sources and analysis methods

Research Attributes

This page is an external strategic analysis based on publicly available information and does not represent internal company goals, board resolutions, or management confirmations.

Primary sources

Annual reports, announcements, and public business information of the company

Data sources and analysis methods

Primary sources

Applicability Scope

Strategic judgments are external research conclusions and do not represent company internal decisions.

Historical facts + user scenarios

Select Preset Scenario

Key Operating Variables

{{ usesEnglishLocale() ? 'Key Variables Shape the '+scenarioHorizonLabel+' Operating Scenario' : '关键变量控制'+scenarioHorizonLabel+'经营情景' }}

{{ control.label }}{{ control.group }} {{ scenarioInputs[control.key] }}{{ control.unit }} {{ control.min }}{{ control.unit }} {{ control.max }}{{ control.unit }}

SCENARIO OUTPUT · {{ activeScenarioPreset.label }}

{{ usesEnglishLocale() ? 'Test Revenue, Scale, and Profit Together' : '同一组假设需要同时通过收入形成、规模路径与利润留存三重检验' }}

{{ usesEnglishLocale() ? 'The first-year bridge explains growth drivers. '+scenarioHorizonLabel+' shows the growth path. Profit retention tests whether scale creates profit while controlling '+scenarioCapitalNoun+'.' : '首年桥解释增量来自哪里，'+scenarioHorizonLabel+'路径显示增长斜率，利润留存检验规模能否转成利润并控制'+scenarioCapitalNoun+'。' }}

{{ usesEnglishLocale() ? '01 · First-Year Revenue' : '01 · 首年收入形成' }}

{{ usesEnglishLocale() ? 'User Assumptions · Sequential Calculation' : '用户假设 · 顺序计算' }}

{{ item.label }}{{ item.kind === 'effect' ? formatScenarioSigned(item.value) : formatScenarioNumber(item.value) }}{{ scenarioAmountUnit }}{{ item.assumption }}

{{ usesEnglishLocale() ? 'How to read: ' : '读法：' }}{{ simulator.bridgeReading || (usesEnglishLocale() ? 'Calculate both operating segments first, then apply realized revenue and mix to the new subtotal.' : '先计算两个经营分部的业务规模变化，再把平均实现收入/组合变化应用于“规模变化后小计”。后者不包含独立规模假设，但金额以规模变化后的收入为基数，因此包含交互。') }}

{{ usesEnglishLocale() ? '02 · '+scenarioHorizonLabel+' Scale Path' : '02 · '+scenarioHorizonLabel+'规模路径' }}

{{ point.display }}{{ point.period }}

{{ usesEnglishLocale() ? '03 · '+scenarioHorizonLabel+' Profit Retention' : '03 · '+scenarioHorizonLabel+'利润留存结构' }}

{{ year.period }}{{ usesEnglishLocale() ? 'Revenue ' : '收入 ' }}{{ formatScenarioNumber(year.revenue) }}{{ scenarioAmountUnit }}{{ usesEnglishLocale() ? 'Operating Profit ' : '经营利润 ' }}{{ formatScenarioNumber(year.operatingProfit) }}{{ scenarioAmountUnit }} · {{ usesEnglishLocale() ? 'Net Profit ' : '净利润 ' }}{{ formatScenarioNumber(year.netProfit) }}{{ scenarioAmountUnit }}{{ scenarioCapitalLabel }} {{ formatScenarioNumber(year.capitalAbsorption) }}{{ scenarioAmountUnit }}

{{ usesEnglishLocale() ? 'Method, Assumptions, and Sources' : '情景方法、假设与数据来源' }}{{ usesEnglishLocale() ? 'From the historical baseline through '+scenarioHorizonLabel+': calculations, input-output logic, and evidence boundaries' : '从历史基期到'+scenarioHorizonLabel+'结果的计算步骤、输入输出关系与证据边界' }}{{ usesEnglishLocale() ? 'View Method' : '展开方法' }}

Five-step scenario method

Input{{ step.input }}

Output{{ step.output }}

→

{{ usesEnglishLocale() ? 'Six Variables Drive Revenue, Profit, and '+scenarioCapitalNoun : '六个变量分三组进入收入、利润与'+scenarioCapitalNoun }}

{{ group.label }}{{ item }}

{{ usesEnglishLocale() ? 'Revenue, Scale, and Profit Constrain the Scenario Together' : '首年归因、'+scenarioHorizonLabel+'规模与利润留存共同约束情景结论' }}

{{ item.tab }}

数据来源：{{ sourceSummary(data.commercialModel.operatingModel.sourceIds) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Main accounting calculation{{ data.commercialModel.operatingModel.methodology.calculationLedger || scenarioCalculationLedger }}

Data levels:{{ data.commercialModel.operatingModel.methodology.dataLayers || '历史实际用于趋势和基期，未来情景完全由预设或用户输入生成；历史量价与单位经济样本只用于验证计算逻辑，不直接外推为当前集团参数。' }}

{{ outlookModel.network.title || '外部信号只有进入可观察经营变量，才会改变收入、利润与现金' }}

{{ section.index }} · {{ section.label }}

Revenue Growth Bridge · Revenue Increment Bridge{{ section.visual.bridge.start.period }} {{ section.visual.bridge.start.value }} → {{ section.visual.bridge.end.period }} {{ section.visual.bridge.end.value }}

{{ section.visual.bridge.increment }}

{{ item.label }}{{ item.amount }}{{ item.displayShare || (usesEnglishLocale() ? 'Share of increase '+item.share+'%' : '贡献增量 '+item.share+'%') }}

{{ period.period }}{{ period.total }}

{{ row.label }}{{ row.growth }}

{{ row.start }}→{{ row.end }}

{{ section.visual.period }} · {{ section.visual.mode === 'categorical' ? '业务分类' : 'REVENUE MIX' }}{{ section.visual.total }}

{{ item.role }}{{ item.label }}

{{ item.label }}{{ item.amountDisplay }}

{{ item.share==null ? '占比未披露' : item.share+'%' }}

{{ section.visual.core.label }}{{ section.visual.core.value }}{{ section.visual.core.share }}

{{ layer.label }}{{ layer.value }}{{ layer.detail }}

Revenue Retention · Profit Retention{{ section.visual.retention.title }}

{{ item.label }}{{ item.value }}

{{ item.value }}{{ item.label }}{{ item.driver }}

↶ Transaction and preference feedback returns to the next round of IP selection, product definition and launches

数据边界：{{ section.visual.boundary }}

Channel Shift · Transaction Entry Migration{{ section.visual.headline }}

{{ period }}

{{ lane.label }}{{ lane.role }}

{{ metric.label }}{{ metric.value }}

{{ item.label }}{{ item.value }}

TRANSACTION & VALUE NETWORK · Transaction and Value Network{{ section.visual.headline }}

{{ flow.label }}

{{ flow.result }}

{{ section.visual.controlBand?.label || section.visual.companyLabel || (data.company.name+'控制带') }}{{ section.visual.externalLegendLabel || '外部参与者 / 接口' }}

{{ section.visual.upstream.label }}{{ section.visual.upstream.value }}

→

{{ section.visual.controlBand?.label || section.visual.companyLabel || (data.company.name+'控制带') }}{{ section.visual.controlBand?.title || section.visual.companyTitle || '从关键能力到交易反馈' }}

→

{{ section.visual.downstream.label }}{{ section.visual.downstream.value }}

{{ usesEnglishLocale() ? '↑ Supports '+item.target : '↑ 支撑 '+item.target }}{{ item.label }}{{ item.value }}

FY2025 Channel Revenue Main AccountDirect sales and online channels account for 95.3% of transactions, with primary trading interfaces operated directly by the company.

{{ item.label }} {{ item.share }}%{{ item.value }}

{{ section.visual.companyRange.label || (data.company.name+'直接控制带') }}

{{ player.name }}

Company / model{{ axis }}

{{ player.name }}{{ player.model }}{{ evidence }}

External SignalsOperational Entry / Computable VariablesFinancial Focus

{{ item.label }}{{ item.detail }}

Governance Chain

Business Responsibility{{ item.label }}{{ item.value }}

数据来源：{{ sourceSummary(section.sourceIds) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Evidence boundaries:{{ section.detail.boundary }}

Data sources and analysis methods

Basis and Boundaries

Facts and Inferences

Financial figures, proportions, and contract arrangements come from company or regulatory disclosures; competitive positioning and mechanisms of action are based on external research with defined sources.

Financial Repurposing

Revenue, costs, profits, capital, and operational metrics all call the same detail object for 'metric observation'.

Data sources and derivation methods

Inference Sequence

Legal history confirms the base period, user variables generate scenario results, and the transmission chain uses current bookings, backlogs, production, occupancy, renewals, costs, and capital data to test hypotheses.

Evidence Boundaries

Capability blueprint · Company instance

Enterprise Capability Blueprint

Associated Genes{{ localizedLabel(gene.name) }} ↗

Data sources and analysis methods

Capability Structure

{{ capabilityMap.pageCopy.methodText || '能力类和能力组组织企业经营语境；每项企业能力可进入NOCE参考能力。流程、组织、制度、系统或基因不作为更深层能力。' }}

Corporate Examples

{{ capabilityMap.pageCopy.evidenceText || '能力判断来自审计年报、上市文件与公开经营资料；仅在管理对象和运行证据能够区分时细分能力。' }}

Public Evidence Boundaries

Enterprise gene atlas · Company instance

Data sources and analysis methods

Recognition Basis

{{ geneMap.pageCopy.methodText || '经营基因必须能够跨多个实现载体反复生成相似判断、资源配置或行动；单一流程步骤、制度名称、系统功能和结果标签不作为独立基因。' }}

Participating subjects and carriers

{{ geneMap.pageCopy.carrierText || '参与主体和被管理对象不等于载体；稳定运行由组织、流程、制度、人员、数据和系统等企业可拥有或可设计的安排承载。' }}

Relationship Basis

The chart includes relationships supported by strong evidence and research inferences; research inferences must demonstrate specific causal pathways, reasoning, and sources, without indicating a completed rigorous causal proof.

Unconnected relationships indicate that a gene-capability linkage has not yet been formed for release; it does not mean that the capability is not running. Influence, feedback, or constraint relationships are only recorded when the impact path and sources can be explained.

{{ networkObjectName(edge.from) }} {{ edge.label }} {{ networkObjectName(edge.to) }} · {{ relationEvidenceLabel(edge) }} {{ edge.sourceName }} ↗

Public Evidence Boundaries

Operating ontology · Company instance

Data sources and analysis methods

Corporate Examples

Strategy, Business Model, Capability, operational implementation, and gene relationships come from audited annual reports, listing documents, and public operating materials. Strong Evidence support means core operating mechanisms are supported by public materials; research inference means external analysis formed from repeated operating results, visible carriers, and clear reasoning chains.

Corporate Examples

Strategy, Business Model, Capability, operational implementation, and gene judgments come from audited annual reports, public operating Events, and company disclosures; definitions of each object and Evidence boundaries can be viewed separately through the corresponding “Definition” links.

Relationship Basis

Graphs display strongly supported evidence or clearly reasoned research presumptions, but do not indicate completed rigorous causal proofs.

The Current Corporate Landscape Simultaneously Accommodates Strong Evidence-Supported and Research-Inferred Relationships; Inferred Relationships Must Explain the Path of Influence, Alternative Explanations, and Sources.

{{ ontologyGeneName(edge.from) }} {{ edge.label }} {{ ontologyGeneName(edge.to) }} · {{ relationEvidenceLabel(edge) }} {{ edge.sourceName }} ↗

Public Evidence Boundaries

Measurement system

{{ card.value || metricCardNode(card)?.value }}

{{ point.display }}{{ point.period }}

{{ metricSeriesChange(metricCardNode(card)) }}{{ metricSeriesPeriod(metricCardNode(card)) }}

{{ value }}{{ metricCardNode(card).series.periods[seriesIndex] }}{{ metricSeriesChange(metricCardNode(card)) }}{{ metricSeriesPeriod(metricCardNode(card)) }}{{ metricCardNode(card).series.unit }}

{{ value }}{{ metricCardNode(card).series.periods[seriesIndex] }}{{ metricSeriesChange(metricCardNode(card)) }}Phase 2 comparison{{ metricCardNode(card).series.unit }}

{{ metricCardItems(card).length }}Structural Breakdown

{{ item.name }}{{ item.trend || item.value }}

{{ item.name || item.label }}{{ item.trend || item.value || item.display }}

{{ item.name }} {{ item.trend || item.value }}

{{ item.value }}{{ item.label }}

{{ item.label }}{{ item.display }}

{{ item.display || item.trend || item.value }}{{ item.label || item.name }}

{{ item.name || item.label }}{{ item.display || item.trend || item.value }}

{{ metricCardNode(card).value }}{{ metricCardNode(card).name }}

FY2023 baseline 10+7FY2025 17

{{ metricObservationPeriod(card) }}{{ card.value || metricCardNode(card)?.value }}Current Disclosure

数据来源：{{ metricCardSourceSummary(card) }}NOOVIVE aggregated calculations

{{ source.name }} ↗

See definitions, formulas, and comparable periods in metric details.

View the mathematical breakdown and value tree of metrics.

Disclosure MetricsReversible RelationshipsDifferent Structural Views Should Be Parallel, Not Incorrectly Nested.

Data sources and analysis methods

Primary sources

Basis

{{ data.pageCopy.metricScopeText || '币种、单位、统计范围和时间口径以每张指标卡及其抽屉为准。' }}

Public Evidence Boundaries

Events & topics

{{ data.pageCopy.eventDynamicsTitle || '事件、经营结果与跨期专题共同解释企业正在发生的变化' }}

当前查看与“{{ geneName(eventFilterGene) }}”关联的经营动作。

{{ data.pageCopy.eventDynamicsDetail || data.pageCopy.eventsDetail }}

View Enterprise-Specific Topic Tracking →

Data sources and analysis methods

Primary sources

Event and Special Topic

Event Records Traceable Company Actions; Topics Only Published When Multiple Events, Metrics, and Mechanisms Can Form Periodic Judgments.

Public Evidence Boundaries

User scenario computation · not company forecasts

{{ usesEnglishLocale() ? activeScenarioPreset.label+': Revenue, Cost, Profit, and '+scenarioCapitalNoun : activeScenarioPreset.label+'：收入、成本、利润与'+scenarioCapitalNoun }}

{{ usesEnglishLocale() ? 'Baseline '+scenarioBasePeriod+' Actual · Scenario '+scenarioFirstPeriod+'–'+scenarioProjection.at(-1)?.period : '基期'+scenarioBasePeriod+'实际 · 情景期'+scenarioFirstPeriod+'–'+scenarioProjection.at(-1)?.period }}

{{ activeScenarioPreset.summary }}{{ usesEnglishLocale() ? '. Results are calculated from the six current inputs to compare direction and financial scale. They are not company guidance, market consensus, or investment advice.' : '。所有结果均由当前六项输入机械计算，用于比较变量方向和财务量级，不代表公司指引、市场一致预期或投资建议。' }}

{{ control.label }}{{ scenarioInputs[control.key] }}{{ control.unit }}{{ usesEnglishLocale() ? control.group+' Variable · One assumption across '+scenarioHorizonLabel : control.group+'变量 · '+scenarioHorizonLabel+'保持同一假设' }}

{{ usesEnglishLocale() ? 'Annual Scenario P&L and '+scenarioCapitalNoun : '逐年情景损益与'+scenarioCapitalNoun }}

Period	{{ scenarioSegmentLabels.first }}收入	{{ scenarioSegmentLabels.second }}收入	Group Revenue	Cost of Sales	Gross Profit	Operating Profit	net profit	{{ scenarioCapitalLabel }}
{{ year.period }}	{{ formatScenarioNumber(year.chinaRevenue) }}{{ scenarioAmountUnit }}	{{ formatScenarioNumber(year.overseasRevenue) }}{{ scenarioAmountUnit }}	{{ formatScenarioNumber(year.revenue) }}{{ scenarioAmountUnit }}	{{ formatScenarioNumber(year.cogs) }}{{ scenarioAmountUnit }}	{{ formatScenarioNumber(year.grossProfit) }}{{ scenarioAmountUnit }}	{{ formatScenarioNumber(year.operatingProfit) }}{{ scenarioAmountUnit }}	{{ formatScenarioNumber(year.netProfit) }}{{ scenarioAmountUnit }}	{{ formatScenarioNumber(year.capitalAbsorption) }}{{ scenarioAmountUnit }}

{{ usesEnglishLocale() ? scenarioFirstPeriod+' Price × Volume Revenue Bridge' : scenarioFirstPeriod+' Price × Volume收入桥' }}

Bridge Projects	Amount Impact	Calculation Explanation
{{ item.label }}	{{ item.total ? formatScenarioNumber(item.value) : formatScenarioSigned(item.value) }}{{ scenarioAmountUnit }}	{{ item.note }}

Core Calculation Relationships

Result	Scenario Calculation Formula	Evidence Boundaries
{{ row[0] }}	{{ row[1] }}	{{ row[2] }}

数据来源：{{ sourceSummary(data.commercialModel.operatingModel.sourceIds) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Calculation Notes{{ scenarioCalculationNote }}

{{ selectedCommercialSection.index }} · {{ selectedCommercialSection.label }}

{{ selectedCommercialSection.objectLevel === 'enterprise' ? '企业级控制对象' : '商业模式对象' }} · 研究问题 → 结论 → 推理链 → 数据证据

RESEARCH QUESTION · This analysis answers

Core Conclusion · Company DNA

0{{ index+1 }}{{ item.label }}{{ item.value }}→

Reasoning Chain · Business Model

Conclusions are formed step by step from facts, mechanisms, and business implications

↓

AI · Industry Intelligence

Sample prospectuses from FY2017–FY2019

retail outlets

{{ row.period }}{{ row.count }}{{ row.unit }}同店 {{ row.sameStore }}经营利润率 {{ row.margin }}{{ row.loss }}

Robot Store

{{ row.period }}{{ row.count }}{{ row.unit }}同店 {{ row.sameStore }}经营利润率 {{ row.margin }}{{ row.loss }}

EVIDENCE LEDGER · Supporting Data

The following data tables are for verifying the reasoning chain and do not replace the conclusions above.

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数据来源：{{ sourceSummary(selectedCommercialSection.sourceIds) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Analysis Method:First define the research question and object boundary, then confirm facts through public disclosure and supplement structure through rigorous recalculation; next identify the mechanistic relationships and financial landing points among facts; finally constrain the strength of conclusions with counterevidence and disclosure gaps.

Evidence LevelsDirect disclosures are used to confirm facts; recalculated data is clearly marked; mechanisms, competition, and governance implications are based on NOOVIVE’s research judgments formed from public evidence, not equivalent to internal company confirmation.

所属指标：{{ selectedMetric.name }}View standard metric definitions and industry benchmarks →

trend judgment

{{ stackedTotal(activeMetricDetail.stackedSeries,index) }}{{ period }}

{{ series.label }}{{ localizedLabel('单位：') }}{{ activeMetricDetail.stackedSeries.unit }}

{{ item.label }}{{ activeMetricDetail.periods?.[0] || 'FY2024' }}{{ item.start }}{{ item.unit || '' }}{{ activeMetricDetail.periods?.[1] || 'FY2025' }}{{ item.end }}{{ item.unit || '' }}{{ item.change }}

{{ item.name }} {{ item.trend || item.value }}

{{ item.value }}{{ item.label }}

{{ item.label }}{{ item.display }}

{{ item.display }}{{ item.label }}

{{ point.display }}{{ point.period }}

{{ metricSeriesChange(activeMetricDetail) }}{{ metricSeriesPeriod(activeMetricDetail) }}

{{ value }}{{ activeMetricDetail.series.periods[index] }}

{{ metricSeriesChange(activeMetricDetail) }}{{ metricSeriesPeriod(activeMetricDetail) }}{{ localizedLabel('单位：') }}{{ activeMetricDetail.series.unit }}

{{ item.label }}{{ item.value }}{{ item.share }}

{{ item.display }}{{ item.label }}

Current Disclosed Value{{ activeMetricDetail.value || selectedMetric.value }}

Graph Detail Data

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{{ cell }}

Metric Definition: {{ activeMetricDetail.definition }}
Analyzing Relationships: {{ activeMetricDetail.formula }}
Statistical Basis: {{ activeMetricDetail.scope }}
Associated genes/capabilities: {{ item.name }} ↗
Associated Metrics

In-Depth Metric Analysis

{{ item.title }}

{{ table.title === activeMetricDisplayName ? '历史明细' : table.title }}

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{{ cell }}

Industry Benchmark

N={{ activeMetricDetail.benchmark.sampleSize }}

Operational Drivers Attribution

Explain metric changes along the registered 'external signal—driving factor—operational outcome' relationship; relationships are used for attribution validation, not mathematical summation.

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External Signals{{ relation.signals || '链路起点' }}→Driving Factors{{ relation.drivers || '待观测驱动' }}→Operational Results{{ relation.results || activeMetricDisplayName }}

{{ driver.type }}{{ geneName(driver.geneId) }} ↗{{ driver.name }}{{ driver.value }}{{ driver.relation }}

数据来源：{{ sourceSummary(activeMetricDetail.sourceIds || selectedMetricCard?.sourceIds || ['src-popmart-fy2025']) }}NOOVIVE research synthesis

{{ source.name }} ↗ · {{ source.publisher }} · {{ source.date || '日期见原文' }}

Statistical basis:{{ activeMetricDetail.scope || selectedMetric.scope || '以公司公开披露口径为准。' }}

Calculation Notes{{ activeMetricDetail.formula }}

Evidence boundaries:Chart data comes from disclosed sources or rigorous back-calculation; business drivers are for explanation, not mathematical summation or causal proof.

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{{ hasSplitCapabilityGeneAtlas ? (data.pageCopy.overviewValueFlowTitle || '核心价值流') : data.pageCopy.overviewGenomeTitle }}

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Primary sources

Analytical Object

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Facts and Inferences

Public Evidence Boundaries

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{{ stage.label }}

Feasible Alternatives

Selected Benefits

Operational Cost

Unique Resource Endowment

The Trade-offs Formed

Economic Rights Composition

Control Comes from Governance, Not Shareholding Proportions

GW quantity-level comparison for planning/protocol capacities

GW quantity-level comparison for planning/protocol capacities

Research Attributes

Primary sources

Primary sources

Applicability Scope

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{{ outlookModel.pageCopy.title }}

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Basis and Boundaries

Facts and Inferences

Financial Repurposing

Inference Sequence

Evidence Boundaries

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Capability Structure

Corporate Examples

Public Evidence Boundaries

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{{ geneDisplayName(g) }}：{{ geneBusinessJudgment(g) }}

{{ networkGene.name }}

{{ networkCapability.name }}

{{ networkObjectName(activeNetworkObjectId) }}的完整关联

Recognition Basis

Participating subjects and carriers

Relationship Basis

Public Evidence Boundaries

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{{ ontologyCopy.domainMapTitle }}

{{ publicCopy(ontologyDomainAnalyses[selectedDomain.id]?.title || publicDomainInsight(selectedDomain.id)) }}

{{ domainCapabilitySummary(selectedDomain.id) }}

{{ selectedCapability.name }}：{{ publicCapabilityInsight(selectedCapability.id) }}

{{ capabilityGeneSummary(selectedCapability.id) }}

{{ geneDisplayName(g) }}：{{ geneBusinessJudgment(g) }}

{{ networkGene.name }}

{{ networkGene.name }}的{{ hasDedicatedCompanyOntology ? '证据关联' : '直接作用关系' }}

Corporate Examples

Corporate Examples

Relationship Basis

Public Evidence Boundaries

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{{ activeMetricDimension.headline }}

Primary sources

Basis

Public Evidence Boundaries

{{ data.pageCopy.eventDynamicsTitle || '事件、经营结果与跨期专题共同解释企业正在发生的变化' }}

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Primary sources

Event and Special Topic

Public Evidence Boundaries