但 MiniMax 的资产负债率仍在持续走高。资产负债率按期末负债总额除以资产总额计算,用于衡量公司杠杆水平和偿债风险。截至 2025 年 12 月 31 日,MiniMax 的资产负债率高达 343.3%,上年期末为 187.8%。
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