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。
"We must take steps to ensure affordability both at the point of purchase and for vehicle servicing and repairs.
A curious detail that would so soon be replaced by thermal receipt printers.，这一点在heLLoword翻译官方下载中也有详细论述
Read full article，更多细节参见heLLoword翻译官方下载
The Deployment SplitDeployment is fully stack-determined: Vercel for JS, Railway for Python. Traditional cloud providers got zero primary picks.
It is regularly contacted by probation services requesting free sleeping bags and food parcels for those released from prison with nowhere to go.，更多细节参见旺商聊官方下载