<p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;" data-pm-slice="0 0 []"><span leaf="">大家好ï¼ä»å¤©ç»å¤§å®¶å享ä¸ä¸ªæèµçç¹ââå¿«æç§æï¼1024.HKï¼ãæè¿ï¼Nomuraï¼éæè¯å¸ï¼åå¸äºä¸ä»½æ·±åº¦ç 究æ¥åï¼åæäºå¿«æå¨æ¿çå¸åºç«äºä¸ç表ç°ï¼ç¹å«æ¯å ¶AI产åKlingç亮ç¼æ绩ãæ¥åç»´æå¿«æçâä¹°å ¥âè¯çº§ï¼å¹¶å°ç®æ ä»·æé«å°86港å ï¼é¢ææ¶¨å¹ é«è¾¾20%ãä¸é¢ï¼æ带大家ççè¿ä»½æ¥åçæ ¸å¿å 容ã</span></p><h4 style="margin: 16px 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;color: var(--yb-md-h-color);"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">ä¸ãå¿«ææ´ä½ç¨³å¥ï¼Q2ä¸ç»©é¢è®¡ç¬¦åé¢æ</span></strong></h4><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">尽管çè§é¢å¸åºç«äºæ¿çï¼å¿«æ表ç°ä¾æ§åæºãNomuraé¢æµï¼å¿«æ2025年第äºå£åº¦æ¶å ¥å°å¢é¿11%ï¼è¾¾å°345亿å 人æ°å¸ï¼éGAAPè¿è¥å©æ¶¦å¢é¿17%ï¼è¾¾å°49亿å ãè¿äºæ°æ®ä¸å¸åºé¢æä¸è´ï¼æ¾ç¤ºå¿«æä¸å¡ç¨³æ¥æ¨è¿ãæ¶å ¥ç»æä¸ï¼å¹¿åæå¡è´¡ç®æ大ï¼å æ¯57%ï¼ï¼åæ¯å¢é¿12%ï¼çµåGMVå¢é¿14%ï¼è¾¾å°3480亿å ãè¿è¯´æå¿«æçæ ¸å¿ä¸å¡æ²¡æå 对æï¼å¦æé³ï¼çå²å»èæéã</span></p><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">Nomura强è°ï¼ç®¡çå±ä¹åå·²æä¾æ¸ æ°æå¼ï¼Q2ä¸ç»©ä¸ä¼æ大æå¤ãè¿èåæ¯å¿«æå¨ç¨æ·é»æ§ååä¸åä¸çæç»ä¼åãä¾å¦ï¼ç´æåçµåæ¿åè½å¢éæ¾ç¼ï¼ç´æä» å¢5%ï¼ï¼ä½æ´ä½å©æ¶¦çæåï¼ä½ç°äºè¿è¥æççæ¹åã</span></p><h4 style="margin: 16px 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;color: var(--yb-md-h-color);"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">äºãKling AI产åæ亮ç¹ï¼æ¶å ¥è¶ é¢æå¢é¿</span></strong></h4><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">æ¥åæå¸ççé¨åæ¯å¿«æçAI产åKlingãè¿æ¯ä¸ä¸ªææ¬è½¬è§é¢çæå·¥å ·ï¼ä¸»è¦æå¡äºçè§é¢å 容åä½è ã尽管å¸åºä¸æ¶ç°äºæ°å¯¹æï¼å¦Hailuo AIãRunway AIï¼ï¼Klingç表ç°ä¾ç¶å¼ºå²ãNomuraæåºï¼Klingçç¨æ·æ´»è·åº¦ä¿æ稳å®ï¼å°¤å ¶æ¯å¨ç§»å¨ç«¯APPä¸ï¼è¿å¯¹ç»´æ产åç度è³å ³éè¦ã</span></p><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">å ·ä½æ¥çï¼Klingçæ¯å¨æ¶å ¥æç»èµ°é«ï¼ç¬¬äºå£åº¦æ¶å ¥é¢è®¡è¾¾å°2.5亿人æ°å¸ï¼ç¬¬ä¸å£åº¦ä¸º1.5亿ï¼ãè¿è¡¨æç¨æ·ä»è´¹ææ¿å¼ºå²ï¼å°¤å ¶æ¯çè§é¢å¶ä½äººè¿ç±»æ©æéç¨è ãNomuraé¢æµï¼Klingç2025å ¨å¹´æ¶å ¥å¯è½çªç ´1.4亿ç¾å ï¼è¿é«äºå ¬å¸æ¤åä¿å®æå¼ç1亿ç¾å ãæªæ¥ï¼å¿«æ计åå°Klingæ©å±å°çµå½±ãå¨ç»å广åè¡ä¸ï¼è¿å°å¤§å¹ æåå ¶åç°æ½åã</span></p><section nodeleaf=""><img class="rich_pages wxw-img" data-imgfileid="100042900" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwlCzViagu99H4L2Gp3aofpdIvicMyoBJIrzGxicj9WaQNfK8VE26jr0PPrX17rZlLibNaj5jcp72ibwaBQ/640?wx_fmt=png&from=appmsg" data-type="png" style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;border-radius: 4px;min-width: auto;min-height: auto;max-width: 360px;max-height: 320px;cursor: pointer;display: block;object-fit: cover;height: auto;" /></section><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">åæ¶ï¼Klingçæ¯æ¥æ´»è·ç¨æ·ï¼DAUï¼è¶å¿ä¹ä»¤äººé¼èãSensorToweræ°æ®æ¾ç¤ºï¼APPçå¨æ´»è·ç¨æ·éä¿æé§æ§ï¼è¯æ产åå¨ç¨æ·é»æ§ä¸ä¸è¾å¯¹æãNomura认为ï¼è¿å¾çäºKlingçæç»å级计åââ管çå±å°å¨æªæ¥å ¬å¸æ´å¤åè½æ´æ°ï¼ä»¥å¸å¼æ´å¤ä¼ä¸ç¨æ·ã</span></p><section nodeleaf=""><img class="rich_pages wxw-img" data-imgfileid="100042901" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwlCzViagu99H4L2Gp3aofpdIgyibUIJrIus7Nh36Ze0HjPfX8YibJfajiaSKibE0HjptvIR88QaSAf0X2w/640?wx_fmt=png&from=appmsg" data-type="png" style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;border-radius: 4px;min-width: auto;min-height: auto;max-width: 360px;max-height: 320px;cursor: pointer;display: block;object-fit: cover;height: auto;" /></section><h4 style="margin: 16px 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;color: var(--yb-md-h-color);"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">ä¸ãä¼°å¼æåè³86港å ï¼é£é©ä¸å®¹å¿½è§</span></strong></h4><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">åºäºKlingç强å²è¡¨ç°åæ´ä½ä¸å¡å¢é¿ï¼Nomuraå°å¿«æç®æ ä»·ä»63港å ä¸è°è³86港å ï¼å¯¹åº2026å¹´é¢æå¸çç15åï¼å½å为12åï¼ãä¼°å¼æåçåå æäºï¼ä¸æ¯Klingçä¼°å¼ä»8.63亿ç¾å åè³13亿ç¾å ï¼åºäº7å2026å¹´é¢æéå®é¢ï¼ï¼äºæ¯å¿«ææ ¸å¿ä¸å¡çå©æ¶¦å¢é¿é¢ææé«ï¼2026å¹´EPSå¢é¿18%ï¼ã</span></p><p style="margin-top: 16px;margin-bottom: 0rem;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">Nomuraéç¨åæ¥ä¼°å¼æ³ï¼SOTPï¼ï¼</span></p><ul style="margin-top: 16px;margin-right: 0px;margin-bottom: 16px;margin-left: 0px !important;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;list-style: disc;text-align: left;" class="list-paddingleft-1"><li style="margin-top: 0px;margin-right: 0px;margin-bottom: 10px;margin-left: 0px !important;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;display: flex;align-items: baseline;word-break: break-word;overflow-wrap: break-word;"><span style=" margin: 0px 8px 0px 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: var(--hy-font-family);font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline; text-align: right;color: var(--yb_text_markdown, #000); "><span leaf="">â¢</span></span><span style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;flex: 1 1 0%;overflow: auto;"><p style="margin-top: 0px;margin-bottom: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">æ ¸å¿ä¸å¡ä»·å¼440亿ç¾å ï¼åºäº12å2026å¹´é¢æå¸ççï¼ã</span></p></span></li><li style="margin-top: 0px;margin-right: 0px;margin-bottom: 10px;margin-left: 0px !important;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;display: flex;align-items: baseline;word-break: break-word;overflow-wrap: break-word;"><span style=" margin: 0px 8px 0px 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: var(--hy-font-family);font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline; text-align: right;color: var(--yb_text_markdown, #000); "><span leaf="">â¢</span></span><span style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;flex: 1 1 0%;overflow: auto;"><p style="margin-top: 0px;margin-bottom: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">Klingä»·å¼13亿ç¾å ã</span></p></span></li><li style="margin-top: 0px;margin-right: 0px;margin-bottom: 0px;margin-left: 0px !important;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;display: flex;align-items: baseline;word-break: break-word;overflow-wrap: break-word;"><span style=" margin: 0px 8px 0px 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: var(--hy-font-family);font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline; text-align: right;color: var(--yb_text_markdown, #000); "><span leaf="">â¢</span></span><span style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;flex: 1 1 0%;overflow: auto;"><p style="margin-top: 0px;margin-bottom: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">å ä¸åç°é38亿ç¾å ï¼æ»ç®æ å¸å¼488亿ç¾å ï¼å¯¹åºæ¯è¡86港å ã</span></p></span></li></ul><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">ä½æ¥åä¹æ示äºé£é©ï¼ç«äºå å§ï¼å°¤å ¶æ¯æé³çå¨èï¼ãKlingåå±ä¸åé¢æï¼ä»¥åç管æ¿çååãæèµè éçæè¿äºæ½å¨æ³¢å¨ç¹ã</span></p><h4 style="margin: 16px 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;color: var(--yb-md-h-color);"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">åãæèµå»ºè®®ï¼æä½20%ä¸æ¶¨ç©ºé´</span></strong></h4><p style="margin-top: 16px;margin-bottom: 16px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">Nomuraç»´æâä¹°å ¥âè¯çº§ï¼è®¤ä¸ºå¿«æå½åè¡ä»·ï¼71.6港å ï¼è¢«ä½ä¼°ï¼ä¸è¡ç©ºé´æ¾èãå ¬å¸2025-2027å¹´çå¹´åçå©å¢éé¢è®¡è¾¾16%ï¼ç»åAIèµéçæ½åï¼å¿«ææ¯é¿æå¸å±ç好éæ©ãç®å说ï¼Nomuraçè§ç¹æ¯ï¼å¿«æä¸ä» æºè¿äºç«äºå¯å¬ï¼è¿å¨AIé£å£ä¸å éèµ·é£ï¼</span></p><p style="margin-top: 16px;margin-bottom: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.7;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><span leaf="">å¦æä½ æ¯æèµè ï¼ä¸å¦¨å ³æ³¨å¿«æQ2è´¢æ¥åå¸ï¼é¢è®¡è¿æå ¬å¸ï¼ï¼éªè¯è¿äºé¢æµãå¿«æçæ äºï¼è¿æªç»æââAI驱å¨çæ°å¢é¿ï¼æååå¼å§ï¼</span></p><p><span style="margin: 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: 18px;line-height: inherit;font-family: iconfont-yb !important;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;-webkit-font-smoothing: antialiased;"></span></p><p><span style="margin: 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: 14px;line-height: inherit;font-family: iconfont-yb !important;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;-webkit-font-smoothing: antialiased;pointer-events: auto;width: 14px;height: 14px;border-radius: 4px;display: flex;align-items: center;transition: transform 0.2s ease-out;"></span></p><p><span style="margin: 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: 18px;line-height: inherit;font-family: iconfont-yb !important;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;-webkit-font-smoothing: antialiased;"></span></p><p><span style="margin: 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: 18px;line-height: inherit;font-family: iconfont-yb !important;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;-webkit-font-smoothing: antialiased;"></span></p><p><span style="margin: 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: 18px;line-height: inherit;font-family: iconfont-yb !important;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;-webkit-font-smoothing: antialiased;"></span></p><p><span style="margin: 0px;padding: 0px;border: 0px;font-style: normal;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: 18px;line-height: inherit;font-family: iconfont-yb !important;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;-webkit-font-smoothing: antialiased;"></span></p><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>