?????????????11?19????????????????????????????????????????12????????????????

?2017???????????????????????????????????????????10??????????????????

?Z????????????

11?19????????????????????????????10???????????????????30?????????????

??????????????15-40????????????????????????????70%??????????????Z????????16-28?????????????????????

?????53.3%?????????????????????????????????????????????????????????????????????????????????

95????????????????????????????????????????????????????????????????????????????????????????????

???1990???????????????????????????????????????????????????????????69????????????

???????????????????????????????????????????????85???????????????????????95??????

???????????????????AB????????????????????????????????????????????

??????????????????????????????????????????????????????????????????APP??????????????????40??

????????CEO?????1987????????IPO?????56.33%?????????????????????????????????????????????????

???????280?

????????????????????????????????????????????????2015??63?????2019??207?????????34.6%?????2024???763???

????????????????????????????????????????8.5%?2010?????????????????????????2016???????????????????????????????

??2019??????????33?????????????114???????57?????825??????????????220???????????????????????????????????????????????????????????1.42????????????????

??????????????????????????????????????2017??????????63.9%??????????17.6%???????9.4%????2019??????????????????????????????????43.9%?32%?14.8%?

???????????IP????????????????85?IP?????12???IP?22???IP?51????IP???4?IP??????????????1??????IP Molly??2019??????4.56??????????27.1%?

????IP Molly??????????????????????????????2017??1.58?????2019??16.83????????160????4.51??????????280???????????????????????2017??47.6%??2019??64.8%????????

????????????

??????????????????????????????????????????????????????

???????????IPO????2??3????????????????????????????????????????????????2017?1?25???????????????2019?4?2???????????????20???

???????????????????????IP?????????????IP?????????IP??????IP????????????IP?????????IP???????

????????????IP????????2017-2019????IP????????25.9%?41.9%?37.2%??????????????IP?????????????2017??89.44%?????2019??45.30%??????

???????????????????????????????IP?????????????????????????????????????????????????????????IP?????IP??????

????????????????????IP?????????????????????????????????????????IP????????????????IP??????IP???????

?????????????????IP?????????????????????????IP???????????????????IP????????????????????????????????????????????????