知乎-W2023 中期报告

（於開曼群島註冊成立以不同投票權控制的有限責任公司） 股份代號 : 2390 2公司資料4主要摘要6業務回顧及展望10管理層討論與分析17企業管治22其他資料32中期財務資料審閱報告33未經審計簡明合併財務報表及附註93釋義 18 Derek Chen 3485 Derek Chen PO Box 309Ugland HouseGrand Cayman KY1-1104Cayman Islands 22 (1) Derek Chen (1) Derek Chen 3A10 183171712-1716 1542 Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands 1826 486A-C 1212-14 18 2390ZH 18127 ir.zhihu.com 20235242023524DerekChenDerekChenDerekChen (1) 20232022105.92023109.4 202329.1%2,038.458.4%202383.4%903.9202285.72023251.52022112023458.0 202320234AI 20232023630711.31,000 20235 2023109.4 202363076%302023658.4% 5.020234202363066.659.112.8% 20232020221629.1% 20232022202383.4%88.1%2023251.5193.6% 2023 20236302020221629.1%20232022630 2023630804.92022922.2 2023630903.92022492.883.4% 2023630251.5202285.7193.6% 202363078.2202278.6 2022844.114.2%2023630964.1 20232022630 2022735.146.1%202363011202246.6%202363052.7% 20236301620221812.2% 2022105.1%2023630986.22023 2022390.17.5%2023630419.2 2022414.948.7%2023630212.9 20221150.9%2023630544.0 2022817.547.8%2023630426.7 1158.4%2023630458.0 2022811.257.8%2023630342.5 2023630202212312023630636258.3 2023630 2023630 2023630 2023630 2023630 A 2023630 6302,9802023630 ABAB BABA18,463,437AA6.27% 8A.22BB (i)8A.17(1)(2)(3)(4)(ii)BB8A.18(iii)B8A.18(2)(iv)BA C.2.1 2023524 3.21 Derek Chen3.10(2)3.21 2410 3.25 8A.278A.282023524 DerekChen 8A.302023524 DerekChenDerek Chen ••C.2.1A••A•8A.30•8A.35 2023630XV(a)XV78(b)352(c) (1)MO Holding LtdMO Holding Ltd99%South Ridge Global LimitedSouth RidgeGlobal LimitedMO Holding LtdZhihu Holdings Inc.MO Holding Ltd(2)OceanAlpha Investment Limited1,673,042SEA&SANDRA Global Limited1,106,198OceanAlpha Investment LimitedSEA &SANDRA Global LimitedOcean Alpha Investment LimitedSEA &SANDRA Global Limited(3)(4)10,000A(5)20221,402,894A(6)2023630298,285,018A18,691,465B 2023630XV(a)352(b) 2023630XV23336 (1)DandelionInvestment LimitedSogouTechnology Hong Kong Limited700 (2)Cosmic Blue Investments Limited1024(3)InnovationWorks Development Fund,L.P.Innovation Works DevelopmentFund, L.P.Innovation Works Development Fund GP, L.P.Innovation Works Development Fund GP,L.P.Innovation Works Development Fund GP, LLCInnovation Works Development Fund GP, LLCPeter LiuInnovation Works Holdings Limited(4)Qiming Venture Partners III, L.P.Qiming Managing Directors Fund III, L.P.Qiming Venture Partners III AnnexFund,L.P.Qiming Corporate GP III, Ltd.(5)MOHolding LtdMO Holding Ltd99%SouthRidge GlobalLimitedSouth Ridge Global LimitedMO Holding LtdZhihu Holdings Inc.(6)2023630298,285,018A18,691,465B 2023630XV23336 2012 20126201220122023112012 2012 2012 201212,320,000201451:898,560,000A 201220126201210 202363020122253582012 2022 202232022 2022 2022(i)13,042,731(ii)(A)26,085,463(B)2012202311202213,042,73122,284,347202363013,042,73118,367,578 122022AA1% (i)(ii) 2022 202363020224022022123120236302022 (1)215 (2)KastleLimitedA (3)(i)(ii)17.03D1%(iii)120.1% 20221212 (4)202311020234282023751.791.101.14A3.58A2.20A2.2820231102023428202375A26.55017.06018.620202311020234282023752022A18,689,85317,879,47816,160,145202311020234282023752022A13,042,731 A 20222022 20222022 2022A1.24% 12,984,9796,492,489A14,121,534 A20231202023694,225,79120231202023698A.21249,187BA8A.138A.15 13.51B(1) 202337202337 2023524Derek ChenDerek ChenDerek Chen 20236289885 13.51B(1) 2023630 2023630 2023823 33922023630 2410 2023823 1. (a) ZhihuTechnology Limited20115172021320224A 2023630 1. (a) 2011100%202155%202155% 2017100% (b) 202311(1)(2)2023630 1. (b) (i) 10(i)(ii)(iii)(iv) 1. (b) (i) (ii) 1. (b) (iii) 2019315202011202011 1. (b) (iii) •••••••••• 1. (b) (iii) 1. (b) (iii) 202212312023630 1. (b) (iii) 1. (b) (iii) (a)20222023630231.5467.420222023630117.5370.520221231202363054.6179.6 20221231202363022.923.9 1. (c) 202220236301,101.3458.020222023630515.158.32022123120236307,862.08,323.2 202134,838.22021415.12022123120236304,525.94,033.6948.41,068.6787.31,056.42022123120236305,495.05,068.8 2. (a) 2022123120221231 202212312022123120221231 (b) 2. (c) (d) 2. (e) ••• (1)(2)(3) 2. (e) 202212312023630 (f) (g) (h) 825 2. (i) 2016326201911326201911 326201911 2022202363019.317.020222023630 2. (j) 2022202363078.7 (k) 606606 ••• 2. (k) 2023630 2. (k) 20222023630 20222023630 CPMCPDCPCCPM CPC 2. (k) CPM CPM CPC CPC CPD CPD 2. (k) 606-10-55-39 (l) (m) 2. (n) (o) (p) 201220122022202271815 2. (q) 260AB (r) 505-3017 2. (s) 280 (t) 2023630 (u) 2021102021-08805606202212152023112021-082021-08 3. (a) 2005720%20087201062010620212%202220236309%3.8% (b) 2023630 202310% 202363010% 202363010%202363010% (c) 2022123120236303,455.33,520.2 4. 5. 6. 2023630 2022202363041.317.8 7. 8. 9. MBA20234104.351%34.0%34.0%34%11.4%96.4%34.0% 10. 201811842842 202212312023630100.182.196.680.8 2023630 10. 20