{"id":212842,"date":"2026-09-04T21:02:02","date_gmt":"2026-09-04T13:02:02","guid":{"rendered":"http:\/\/www.htt.hk\/?p=212842"},"modified":"2026-09-04T21:02:02","modified_gmt":"2026-09-04T13:02:02","slug":"%e6%9d%b0%e5%b0%bc%e4%ba%9a%e9%9b%86%e5%9b%a2%e5%8f%91%e5%b8%832026%e4%b8%8a%e5%8d%8a%e5%b9%b4%e5%ae%8c%e6%95%b4%e8%b4%a2%e5%8a%a1%e6%95%b0%e6%8d%ae%ef%bc%8c%e5%ae%9e%e7%8e%b0%e5%87%80%e5%88%a9","status":"publish","type":"post","link":"http:\/\/www.htt.hk\/?p=212842","title":{"rendered":"\u6770\u5c3c\u4e9a\u96c6\u56e2\u53d1\u5e032026\u4e0a\u534a\u5e74\u5b8c\u6574\u8d22\u52a1\u6570\u636e\uff0c\u5b9e\u73b0\u51c0\u5229\u6da62840\u4e07\u6b27\u5143"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u610f\u5927\u5229\u5962\u4f88\u54c1\u96c6\u56e2\u00a0<strong>Ermenegildo Zegna\uff08\u6770\u5c3c\u4e9a\uff09<\/strong>\u516c\u5e03\u4e862026\u5e74\u4e0a\u534a\u5e74\u5b8c\u6574\u8d22\u52a1\u6570\u636e\uff1a<strong>\u8425\u65369.873\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f6%\uff0c\u6709\u673a\u589e\u957f9%\uff1b\u51c0\u5229\u6da6\u4e3a2840\u4e07\u6b27\u5143\uff08\u51c0\u5229\u6da6\u7387\u4e3a2.9%\uff09\uff1b\u8c03\u6574\u540e\u606f\u7a0e\u524d\u5229\u6da6\uff08EBIT\uff09\u4e3a7450\u4e07\u6b27\u5143\uff0c\u9ad8\u4e8e2025\u5e74\u4e0a\u534a\u5e74\u76846870\u4e07\u6b27\u5143\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8d22\u62a5\u53d1\u5e03\u540e\uff0c\u622a\u81f39\u67083\u65e5\u6536\u76d8\uff0c\u6770\u5c3c\u4e9a\u96c6\u56e2\u80a1\u4ef7\u8f83\u4e0a\u4e00\u4ea4\u6613\u65e5\u4e0a\u6da80.72%\u81f312.65\u7f8e\u5143\/\u80a1\uff0c\u8fc7\u53bb12\u4e2a\u6708\u80a1\u4ef7\u7d2f\u8ba1\u4e0a\u6da850.77%\uff0c<strong>\u5f53\u524d\u5e02\u503c\u7ea653.62\u4ebf\u7f8e\u5143\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u96c6\u56e2\u6267\u884c\u4e3b\u5e2d&nbsp;<strong>Ermenegildo \u201cGildo\u201d Zegna<\/strong>&nbsp;\u8bc4\u8bba\u9053\uff1a\u201c\u6211\u4eec2026\u5e74\u4e0a\u534a\u5e74\u7684\u4e1a\u7ee9\u5f70\u663e\u4e86\u96c6\u56e2\u6218\u7565\u7684\u6210\u6548\u3002\u8be5\u6218\u7565\u690d\u6839\u4e8e\u5404\u54c1\u724c\u72ec\u7279\u7684\u54c1\u724c\u7279\u8d28\u53ca\u5176\u4e0e\u5ba2\u6237\u7684\u76f4\u63a5\u8054\u7cfb\uff0c\u540c\u65f6\u4e5f<strong>\u5f97\u76ca\u4e8e\u6211\u4eec\u2018Filiera\u2019\uff08\u5782\u76f4\u6574\u5408\u4f9b\u5e94\u94fe\uff09\u6301\u7eed\u4e0d\u65ad\u7684\u521b\u65b0\u2014\u2014\u8fd9\u662f\u96c6\u56e2\u4f20\u627f\u7684\u6838\u5fc3\u6240\u5728\u3002<\/strong>\u201d<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/image.luxe.co\/wp-content\/uploads\/2026\/09\/QQ20260904-134318.png\" alt=\"\" class=\"wp-image-480959\" style=\"aspect-ratio:1.7970401691331923;width:850px;height:auto\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u201c\u5c3d\u7ba1\u9762\u4e34\u4e0d\u5229\u7684\u6c47\u7387\u6ce2\u52a8\uff0c\u4f46\u5f97\u76ca\u4e8e\u6218\u7565\u7684\u4e25\u8c28\u6267\u884c\uff0c\u6211\u4eec\u4e0a\u534a\u5e74\u6536\u5165\u5b9e\u73b0\u4e869%\u7684\u6709\u673a\u589e\u957f\uff0c\u96c6\u56e2\u8c03\u6574\u540e\u606f\u7a0e\u524d\u5229\u6da6\u7387\u4e5f\u6709\u6240\u63d0\u5347\u3002\u6211\u5c24\u5176\u611f\u5230\u6b23\u6170\u7684\u662f\uff0c<strong>Zegna\uff08\u6770\u5c3c\u4e9a\uff09\u4e1a\u52a1\u90e8\u95e8\u7684\u5229\u6da6\u7387\u6301\u7eed\u6269\u5927<\/strong>\uff0c\u4e14\u96c6\u56e2<strong>\u51c0\u73b0\u91d1\u76c8\u4f59\u6709\u6240\u6539\u5584\uff0c\u8fbe\u5230\u4e866000\u4e07\u6b27\u5143<\/strong>\u3002\u201d<\/p>\n\n\n\n<p 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class=\"wp-block-paragraph\"><strong>\u6309\u90e8\u95e8\uff1a<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ZEGNA\uff1a\u8425\u6536\u4e3a7.24\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f9.7%\uff0c\u6709\u673a\u589e\u957f11.9%\uff1b\u8c03\u6574\u540e\u7684EBIT\u4e3a1.07\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f13.3%\u3002<\/li>\n\n\n\n<li>Thom Browne\uff1a\u8425\u6536\u4e3a1.23\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed14.9%\uff0c\u6709\u673a\u4e0b\u6ed10.3%\uff1b\u8c03\u6574\u540e\u7684EBIT\u4e3a\u4e8f\u635f831.8\u4e07\u6b27\u5143\u3002<\/li>\n\n\n\n<li>Tom Ford Fashion\uff1a\u8425\u6536\u4e3a1.57\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f2.7%\uff0c\u6709\u673a\u589e\u957f6.4%\uff1b\u8c03\u6574\u540e\u7684EBIT\u4e3a\u4e8f\u635f1211.8\u4e07\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f37.6%\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6309\u54c1\u724c\u548c\u4ea7\u54c1\u7ebf\uff1a<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ZEGNA\uff1a\u8425\u65366.35\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f11.2%\uff0c\u6709\u673a\u589e\u957f13.9%\u3002<\/li>\n\n\n\n<li>Thom Browne\uff1a\u8425\u65361.23\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed14.7%\uff0c\u6709\u673a\u4e0b\u6ed10.1%\u3002<\/li>\n\n\n\n<li>Tom Ford Fashion\uff1a\u8425\u65361.57\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f2.7%\uff0c\u6709\u673a\u589e\u957f6.4%\u3002<\/li>\n\n\n\n<li>\u7eba\u7ec7\u54c1\uff1a\u8425\u65366701.2\u4e07\u6b27\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed10.1%\uff0c\u6709\u673a\u4e0b\u6ed10.3%\u3002<\/li>\n\n\n\n<li>\u5176\u4ed6\uff1a\u8425\u6536578.2\u4e07\u6b27\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed130.8%\uff0c\u6709\u673a\u4e0b\u6ed130.3%\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6309\u6e20\u9053\uff1a<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2014\u2014\u76f4\u9762\u6d88\u8d39\u8005\uff08DTC\uff09\uff1a<\/p>\n\n\n\n<ul 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