
Zhihu Inc. ZH2390 20251231 202512312024 (1) 2025 202537.9202496.3 4 20252025 TopicRank 202520251231953.99.1% 2025 (IP)AIIP 2025 202513.5202415.010.0% 2025123173.2%3020251259.6% 2025123180.33.3% 202529.4% 20252,749.020243,598.923.6% 20241,762.012.7%20251,538.9 IPAI 2026 (1) (1)2025 20252,749.020243,598.920252024 2025843.920241,247.1 20251,538.920241,762.0 2025366.12024589.8 20241,418.122.3%1,101.3 20252024 20251,647.720242,180.8202460.6%202559.9% 20242,661.919.0%20252,155.0 20241,599.221.7%1,252.3 2024732.628.3%525.0 2024330.223.9%251.4 2025126.32024 2025507.32024481.1 2024405.433.6%269.2 2025231.9202465.42025 195.22024169.0 202537.9202496.3 20252025202412314,451.24,859.0 2025 2025 20251231 20251231 202512310.9%20241231 A 20251231 202512311,154 C1 C.2.1 C3 3.21 DerekChen3.10(2)3.21 20251231 20251231 A0.0001252025202412311,550,000,0001,550,000,000202520241231249,007,733246,496,859B0.00012520252024123150,000,00050,000,00020252024123115,446,77815,446,778 1. Zhihu Technology Limited20115172021320224A 2. (a) (b) 810 (c) (d) 280 3. 03366121 4. 03366121 03 5. 202520241231260 AB 1231202520244,633,5901,034,425 6. (i) (i)2025123120241231 7. 6%9%13% (b) 2018/201928.25%216.5% 25%20081120252024123115%20252024123125% 202520241231 8. 202520241231 ( w w w . h k e x n e w s . h k )(https://ir.zhihu.com/) 2026325 Derek Chen