{"id":1345,"date":"2025-06-12T09:00:09","date_gmt":"2025-06-12T01:00:09","guid":{"rendered":"http:\/\/www.cscai.cn\/?p=1345"},"modified":"2025-11-07T11:51:42","modified_gmt":"2025-11-07T03:51:42","slug":"%e5%88%9a%e9%9c%80%e6%89%9b%e6%8a%8a%e5%ad%90%ef%bc%81%e4%b8%ad%e7%a7%bb%e5%8a%a8%e6%89%8d%e6%98%af%e7%9c%9f%e8%82%a1%e7%8e%8b%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/www.qlcxw.com.cn\/?p=1345","title":{"rendered":"\u521a\u9700\u625b\u628a\u5b50\uff01\u4e2d\u79fb\u52a8\u624d\u662f\u771f\u80a1\u738b\uff1f"},"content":{"rendered":"<p data-track=\"5\">\u4e2d\u56fd\u79fb\u52a8\uff08600941.SH\/00941.HK\uff09\u4e8e\u5317\u4eac\u65f6\u95f4 2025\u5e744\u6708 22\u65e5\u665a\u7684\u6e2f\u80a1\u76d8\u540e\u53d1\u5e03\u4e862025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8d22\u62a5\uff08\u622a\u6b62 2025\u5e743\u6708\uff09\uff0c\u8981\u70b9\u5982\u4e0b\uff1a<\/p>\n<p data-track=\"6\"><strong>1.\u7ecf\u8425\u6570\u636e\uff1a\u6536\u5165\u57fa\u672c\u6301\u5e73\uff0c\u5229\u6da6\u7a33\u6b65\u63d0\u5347<\/strong>\u3002<strong>\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u603b\u8425\u6536\u4e3a2638\u4ebf\u5143\uff0c\u540c\u6bd4\u57fa\u672c\u6301\u5e73\u3002<\/strong>\u516c\u53f8\u672c\u5b63\u5ea6\u901a\u8baf\u4e1a\u52a1\u7684\u589e\u957f\uff0c\u4e0e\u4ea7\u54c1\u9500\u552e\u7b49\u4e1a\u52a1\u7684\u4e0b\u6ed1\u57fa\u672c\u76f8\u62b5\u6d88\u3002<strong>\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u51c0\u5229\u6da6\u4e3a306\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3.4%\u3002<\/strong>\u5728\u6536\u5165\u4e0d\u589e\u7684\u60c5\u51b5\u4e0b\uff0c\u5229\u6da6\u7aef\u7684\u589e\u957f\u6765\u81ea\u4e8e\u6bdb\u5229\u7387\u7684\u63d0\u5347\u548c\u8d39\u7528\u7aef\u7684\u56de\u843d\uff1b<\/p>\n<p data-track=\"7\"><strong>2.\u6838\u5fc3\u4e1a\u52a1\u8868\u73b0\uff1a\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u6709\u6240\u56de\u843d<\/strong>\u3002\u672c\u5b63\u5ea6\u901a\u8baf\u4e1a\u52a1\u7684\u589e\u957f\uff0c\u4e3b\u8981\u662f\u53d7\u5bb6\u5ead\u548c\u653f\u4f01\u901a\u8baf\u4e1a\u52a1\u7684\u5e26\u52a8\u3002\u800c\u516c\u53f8\u6700\u5927\u7684\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\uff0c\u672c\u5b63\u5ea6\u662f\u7565\u6709\u4e0b\u6ed1\u7684\u3002\u5177\u4f53\u6765\u770b\uff0c<strong>\u79fb\u52a8\u7528\u6237\u6570\u540c\u6bd4\u589e\u957f0.8%\uff1b\u800c\u79fb\u52a8\u7528\u6237\u7684\u5355\u6708\u8d44\u8d39\u4e3a46.9\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed12.1%<\/strong>\uff1b<\/p>\n<p data-track=\"8\"><strong>3.\u8d44\u672c\u5f00\u652f\uff1a\u867d\u6709\u589e\u52a0\uff0c\u4f46\u5168\u5e74\u76ee\u6807\u662f\u6536\u7f29\u7684\u3002<\/strong>\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u5927\u7ea6\u4e3a364\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f5.5%\u3002<strong>\u4f46\u7ed3\u5408\u516c\u53f8\u5168\u5e74\u76ee\u6807\u770b\uff0c\u516c\u53f8\u9884\u671f2025\u5e74\u8d44\u672c\u5f00\u652f\u4e3a1512\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed17.8%\uff0c\u516c\u53f8\u540e\u9762\u4e09\u4e2a\u5b63\u5ea6\u5c06\u5bf9\u8d44\u672c\u5f00\u652f\u7ee7\u7eed\u7f29\u51cf\u3002<\/strong><\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/C2F94843AADD0A1E0FC39E11067738DD_w1200h519.jpg\" \/><\/p>\n<p data-track=\"9\"><strong>\u6d77\u8c5a\u541b\u6574\u4f53\u89c2\u70b9\uff1a\u7b26\u5408\u671f\u5f85\uff0c\u8d22\u62a5\u4f9d\u7136\u7a33\u5065\u3002<\/strong><\/p>\n<p data-track=\"10\">\u4e2d\u56fd\u79fb\u52a8\u672c\u5b63\u5ea6\u7684\u6536\u5165\u540c\u6bd4\u6301\u5e73\uff0c\u901a\u8baf\u4e1a\u52a1\u7684\u589e\u957f\u4e0e\u4ea7\u54c1\u9500\u552e\u7684\u4e0b\u6ed1\u76f8\u62b5\u6d88\u3002\u5229\u6da6\u7aef\u7684\u589e\u957f\uff0c\u4e3b\u8981\u53d7\u516c\u53f8\u6bdb\u5229\u7387\u63d0\u5347\u548c\u8d39\u7528\u7387\u56de\u843d\u7684\u5f71\u54cd\u3002<\/p>\n<p data-track=\"11\">\u5177\u4f53\u5206\u4e1a\u52a1\u770b\uff1a1\uff09\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u65b9\u9762\uff0c\u672c\u5b63\u5ea6\u540c\u6bd4\u4e0b\u6ed11%\uff0c\u4e3b\u8981\u662f\u53d7\u4eba\u5747\u8d44\u8d39\u4e0b\u964d\u7684\u5f71\u54cd\uff1b2\uff09\u5bb6\u5ead\u548c\u653f\u4f01\u4e1a\u52a1\uff0c\u672c\u5b63\u5ea6\u4ecd\u6709\u589e\u957f\uff0c\u662f\u672c\u5b63\u5ea6\u7684\u4e3b\u8981\u589e\u91cf\u3002<\/p>\n<p data-track=\"12\"><strong>\u7ed3\u5408\u516c\u53f8\u672c\u5b63\u5ea6\u7f29\u51cf\u7684\u9500\u552e\u8d39\u7528\u6765\u770b\uff0c\u516c\u53f8\u672c\u5b63\u5ea6\u6536\u7d27\u4e86\u90e8\u5206\u8865\u8d34\u653f\u7b56\uff08\u5982\u643a\u53f7\u8f6c\u7f51\u7684\u4f18\u60e0\u5e45\u5ea6\u7b49\uff09\uff0c\u4ece\u800c\u4e00\u5b9a\u7a0b\u5ea6\u5f71\u54cd\u4e86\u516c\u53f8\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u7684\u8868\u73b0\u3002<\/strong>\u7531\u4e8e\u516c\u53f8\u603b\u6536\u5165\u6301\u5e73\uff0c\u5229\u6da6\u7aef\u4ecd\u5728\u7a33\u6b65\u63d0\u5347\uff0c\u6574\u4f53\u8fd8\u662f\u7b26\u5408\u671f\u5f85\u3002<\/p>\n<p data-track=\"13\"><strong>\u5728\u4e1a\u7ee9\u7aef\u7a33\u5065\u53d1\u6325\u7684\u540c\u65f6\uff0c\u5e02\u573a\u5bf9\u516c\u53f8\u7684\u5173\u6ce8\u70b9\u4e3b\u8981\u5728\u4e8e\u8d44\u672c\u5f00\u652f\u548c\u5206\u7ea2\u56de\u8d2d\u60c5\u51b5\u3002<\/strong>\u516c\u53f8\u672c\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u7ea6\u4e3a364\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f5.5%\u3002<strong>\u7ed3\u5408\u5168\u5e74\u6307\u5f15\u770b\uff0c\u516c\u53f8\u9884\u671f2025\u5e74\u8d44\u672c\u5f00\u652f1512\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed17.8%\u3002<\/strong>\u867d\u7136\u4e00\u5b63\u5ea6\u8d44\u672c\u5f00\u652f\u6709\u6240\u589e\u957f\uff0c\u4f46\u5168\u5e74\u516c\u53f8\u8d44\u672c\u5f00\u652f\u4ecd\u7136\u662f\u6536\u7f29\u7684\u8d8b\u52bf\u3002<strong>\u4ece\u800c\u9884\u671f\u540e\u7eed\u5b63\u5ea6\u516c\u53f8\u4ecd\u5c06\u7f29\u51cf\u8d44\u672c\u5f00\u652f\uff0c\u8fd9\u5c06\u6709\u5229\u4e8e\u51cf\u8f7b\u516c\u53f8\u8d39\u7528\u7aef\u7684\u538b\u529b\uff0c\u63d0\u5347\u5229\u6da6\u7aef\u7684\u8868\u73b0\u3002<\/strong>\u81f3\u4e8e\u5206\u7ea2\u56de\u5f52\u65b9\u9762\uff0c\u516c\u53f8\u901a\u5e38\u4f1a\u5728\u4e8c\u4e09\u5b63\u5ea6\u8fdb\u884c\uff0c\u6d77\u8c5a\u541b\u8ba4\u4e3a\u516c\u53f8\u4ecd\u5c06\u7ee7\u7eed\u4fdd\u6301\u7740\u8f83\u9ad8\u7684\u80a1\u606f\u652f\u4ed8\u7387\u3002<\/p>\n<p data-track=\"14\">\u516c\u53f8\u672c\u6b21\u4e1a\u7ee9\u4e2d\u867d\u7136\u5c0f\u6709\u7455\u75b5\uff0c\u4f46\u6574\u4f53\u4f9d\u7136\u7a33\u5065\u3002\u968f\u7740\u8d44\u672c\u5f00\u652f\u7684\u6536\u7f29\uff0c\u516c\u53f8\u7684\u5229\u6da6\u7aef\u6709\u671b\u7ee7\u7eed\u5f97\u4ee5\u91ca\u653e\u3002<strong>\u5728\u5f53\u524d\u4e0d\u7a33\u5b9a\u7684\u5e02\u573a\u73af\u5883\u4e0b\uff0c\u51ed\u501f\u7740\u201c\u7a33\u7a33\u5f53\u5f53\u201d\u7684\u5229\u6da6\u548c\u8f83\u9ad8\u7684\u80a1\u606f\u652f\u4ed8\u7387\uff0c\u4e2d\u56fd\u79fb\u52a8\u4ecd\u5c06\u662f\u5206\u7ea2\u903b\u8f91\u4e0b\u7684\u4f18\u8d28\u201c\u73b0\u91d1\u5976\u725b\u201d\u3002<\/strong><\/p>\n<p data-track=\"15\">\u4ee5\u4e0b\u662f\u6d77\u8c5a\u541b\u5bf9\u4e2d\u56fd\u79fb\u52a8\u8d22\u62a5\u7684\u5177\u4f53\u5206\u6790\uff1a<\/p>\n<p data-track=\"16\"><strong>\u4e00\u3001\u6838\u5fc3\u5173\u6ce8\u70b9\uff1a\u8d44\u672c\u5f00\u652f\u548c\u5206\u7ea2\u60c5\u51b5<\/strong><\/p>\n<p data-track=\"17\"><strong>1.1\u8d44\u672c\u5f00\u652f<\/strong><\/p>\n<p data-track=\"18\">\u7531\u4e8e\u516c\u53f8\u672c\u8eab\u5c31\u5177\u6709\u660e\u663e\u7684\u91cd\u8d44\u4ea7\u7279\u6027\uff0c\u56e0\u800c\u516c\u53f8\u6bcf\u5e74\u90fd\u9700\u8981\u6295\u51651000-2000\u4ebf\u5143\uff0c\u7528\u4e8e\u6784\u5efa\u6216\u7ef4\u62a4\u8bbe\u5907\u7b49\u3002\u56e0\u800c\u5de8\u989d\u7684\u8d44\u672c\u5f00\u652f\uff0c\u5c06\u76f4\u63a5\u5e26\u52a8\u516c\u53f8\u8d39\u7528\u7aef\u7684\u63d0\u5347\uff0c\u4ece\u800c\u5f71\u54cd\u516c\u53f8\u7684\u5229\u6da6\u8868\u73b0\u3002<\/p>\n<p data-track=\"19\"><strong>\u4e2d\u56fd\u79fb\u52a8\u57282025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u7ea6\u4e3a364\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f5.5%\u3002<\/strong>\u7ed3\u5408\u516c\u53f8\u7ed9\u7684\u5168\u5e74\u6307\u5f15\uff0c2025\u5e74\u8d44\u672c\u5f00\u652f\u6307\u5f15\u4e3a1512\u4ebf\u5143\uff08\u524d\u4e24\u5e74\u4e3a1800\u4ebf\u548c1600\u4ebf\uff09\uff0c\u540e\u4e09\u4e2a\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u5c06\u518d\u6b21\u51cf\u5c11\u3002<\/p>\n<p data-track=\"20\"><strong>\u968f\u77405G\u9ad8\u6295\u5165\u671f\u7684\u6536\u5c3e\uff0c\u516c\u53f8\u8d44\u672c\u5f00\u652f\u7684\u4e0b\u964d\uff0c\u5c06\u6709\u52a9\u4e8e\u516c\u53f8\u5229\u6da6\u7aef\u7684\u91ca\u653e\u3002\u7531\u4e8e\u5f53\u524d\u516c\u53f8\u7684\u8d44\u672c\u5f00\u652f\u9010\u6b65\u4e0b\u964d\uff0c\u800c\u644a\u9500\u6298\u65e7\u4ecd\u7136\u8f83\u9ad8\uff0c\u90a3\u4e48\u516c\u53f8\u7684\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u5c06\u9ad8\u4e8e\u8d22\u62a5\u4e2d\u7684\u7ecf\u8425\u5229\u6da6\uff0c\u516c\u53f8\u5b9e\u9645\u4e0a\u662f\u66f4\u4e3a\u8d5a\u94b1\u7684\u3002<\/strong><\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/AC36C8B46D2AC8A979CBC9B0E26FB422_w768h335.jpg\" \/><\/p>\n<p data-track=\"21\">\u5bf9\u4e8e\u73b0\u91d1\u6027\u5229\u6da6\u7684\u6d4b\u7b97\uff0c\u6d77\u8c5a\u541b\u5728\u5b63\u5ea6\u4e2d\u8fd8\u539f\u7684\u65b9\u6cd5\u662f\u5728\u628a\u5b83\u7684\u7ecf\u8425\u5229\u6da6\uff1aa\u52a0\u56de\u644a\u9500\u6298\u65e7\u8d39\u7528\uff1bb\u53bb\u6389\u8d2d\u4e70\u56fa\u5b9a\u8d44\u4ea7\u7684\u8d44\u91d1\u6d41\u51fa\uff08\u7c97\u7565\u628a\u8fd9\u4e00\u9879\u89c6\u4e3a\u8d44\u672c\u5f00\u652f\uff09\u3002\u8fd9\u6837\u5f97\u51fa\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u540e\u518d\u6309\u7167\u516c\u53f8\u62a5\u544a\u6240\u5f97\u7a0e\u7a0e\u7387\u5f97\u51fa\u516c\u53f8\u7a0e\u540e\u7684\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\uff08\u6ce8\u610f\uff0c\u8fd9\u91cc\u4e0d\u8003\u8651\u5229\u606f\u6027\u6536\u76ca\u5bf9\u5229\u6da6\u7684\u5f71\u54cd\uff0c\u56e0\u4e3a\u516c\u53f8\u73b0\u91d1\u592a\u591a\uff0c\u5229\u606f\u6536\u5165\u4e5f\u5f88\u9ad8\uff0c\u4f46\u8fd9\u91cc\u53ea\u770b\u4e3b\u8425\u4e1a\u52a1\u7684\u73b0\u91d1\u5976\u725b\u80fd\u529b\uff09\u3002<\/p>\n<p data-track=\"22\"><strong>\u4e2d\u56fd\u79fb\u52a8\u672c\u5b63\u5ea6\u7684\u7a0e\u540e\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u4e3a317\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3%\uff0c<\/strong>\u5c06\u660e\u663e\u9ad8\u4e8e\u8d22\u62a5\u4e2d\u7684\u9664\u7a0e\u540e\u7ecf\u8425\u5229\u6da6\uff08240\u4ebf\u5143\u5de6\u53f3\uff09\u3002\u8fdb\u800c\u6d4b\u7b97\uff0c\u672c\u5b63\u5ea6\u516c\u53f8\u7684TTM ROE\u7ee7\u7eed\u7ef4\u6301\u57289.1%\u3002<\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/79154458CED289800AE9A1BDA4D833B3_w683h320.jpg\" \/><\/p>\n<p class=\"pgc-img-caption\"><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/2F1EE5A7356CF88B9C3556DAAA24142C_w614h295.jpg\" \/><\/p>\n<p data-track=\"23\"><strong>1.2\u5206\u7ea2\u60c5\u51b5<\/strong><\/p>\n<p data-track=\"24\">\u4e2d\u56fd\u79fb\u52a8\u901a\u5e38\u5206\u7ea2\u662f\u5728\u4e8c\u5b63\u5ea6\/\u4e09\u5b63\u5ea6\uff0c\u672c\u6b21\u4e00\u5b63\u62a5\u6b64\u5904\u672a\u6709\u53d8\u52a8\u3002\u800c\u7ed3\u5408\u516c\u53f8\u5386\u53f2\u5206\u7ea2\u548c\u516c\u53f8\u4e1a\u7ee9\u589e\u957f\u60c5\u51b5\uff0c<strong>\u6d77\u8c5a\u541b\u9884\u671f\u516c\u53f8\u5c06\u5728\u968f\u540e\u7684\u4e8c\u5b63\u5ea6\u5206\u7ea2\u56de\u8d2d\u8fbe\u5230500\u4ebf\u5de6\u53f3\uff0c\u8fdb\u800c\u4f30\u7b97\u516c\u53f8\u5f53\u524d\u7684\u80a1\u606f\u652f\u4ed8\u7387\u5c06\u7ef4\u630179%\u9644\u8fd1<\/strong>\u3002<\/p>\n<p data-track=\"25\"><strong>\u4e2d\u56fd\u79fb\u52a8\u7684\u4e1a\u52a1\u96c6\u4e2d\u4e8e\u56fd\u5185\uff0c\u53d7\u5173\u7a0e\u7b49\u653f\u7b56\u5f71\u54cd\u8f83\u5c0f\u3002\u6b64\u5916\uff0c\u516c\u53f8\u7684\u80a1\u606f\u652f\u4ed8\u7387\u80fd\u957f\u671f\u7ef4\u6301\u5728\u8f83\u9ad8\u7684\u6c34\u5e73\uff0c\u80fd\u5e26\u6765\u76f8\u5bf9\u7a33\u5b9a\u7684\u6536\u76ca\u3002<\/strong>\u5728\u5f53\u524d\u5b8f\u89c2\u73af\u5883\u4e0d\u7a33\u5b9a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e2d\u56fd\u79fb\u52a8\u8fd8\u662f\u4e2a\u786e\u5b9a\u76f8\u5bf9\u786e\u5b9a\u6027\u6536\u76ca\u7684\u7a33\u5065\u6807\u7684\u3002<\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/7A4E75BE04D3698979B77387F9CEEB6C_w769h292.jpg\" \/><\/p>\n<p class=\"pgc-img-caption\"><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/368476F36F101CE5747A4C404397BD7E_w767h301.jpg\" \/><\/p>\n<p data-track=\"26\"><strong>\u4e8c\u3001\u7ecf\u8425\u6570\u636e\uff1a\u6536\u5165\u57fa\u672c\u6301\u5e73\uff0c\u5229\u6da6\u7a33\u6b65\u63d0\u5347<\/strong><\/p>\n<p data-track=\"27\"><strong>2.1\u6536\u5165\u7aef<\/strong><\/p>\n<p data-track=\"28\"><strong>\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u603b\u8425\u65362638\u4ebf\u5143\uff0c\u540c\u6bd4\u57fa\u672c\u6301\u5e73\u3002<\/strong>\u5206\u9879\u6765\u770b\uff0c\u5176\u4e2d\u516c\u53f8\u672c\u5b63\u5ea6\u6765\u81ea\u4e8e\u901a\u8baf\u670d\u52a1\u7684\u6536\u5165\u4e3a2224\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f1.4%\uff1b\u6765\u81ea\u4ea7\u54c1\u9500\u552e\u53ca\u5176\u4ed6\u7684\u6536\u5165\u4e3a414\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed16.8%\u3002<\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/C423C7D7518DA090B6AF8E29D520B5CF_w750h322.jpg\" \/><\/p>\n<p data-track=\"29\">\u867d\u7136\u516c\u53f8\u672c\u5b63\u5ea6\u901a\u8baf\u670d\u52a1\u6536\u5165\u5c0f\u5e45\u589e\u957f\uff0c\u5176\u4e2d\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u672c\u5b63\u5ea6\u5c0f\u5e45\u56de\u843d1%\u3002\u5bb6\u5ead\u901a\u8baf\u4e1a\u52a1\u548c\u653f\u4f01\u4e1a\u52a1\uff0c\u5728\u672c\u5b63\u5ea6\u8d21\u732e\u4e86\u4e3b\u8981\u589e\u91cf\u3002<\/p>\n<p data-track=\"30\">\u5bf9\u4e8e\u5728\u603b\u6536\u5165\u4e2d\u5360\u6bd4\u8d85\u8fc7\u4e00\u534a\u7684\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\uff0c\u5177\u4f53\u6765\u770b\uff1a<\/p>\n<p data-track=\"31\"><strong>1\uff09\u79fb\u52a8\u4e1a\u52a1\u5ba2\u6237\u6570<\/strong>\uff1a\u516c\u53f8\u7684\u603b\u7528\u6237\u6570\u5df2\u7ecf\u8d85\u8fc710\u4ebf\uff0c\u5f88\u96be\u518d\u6709\u9ad8\u589e\u957f\u3002\u672c\u5b63\u5ea6\u540c\u6bd4\u4ecd\u67090.8%\u7684\u589e\u957f\uff0c\u800c\u73af\u6bd4\u4e0a\u5b63\u5ea6\u7565\u6709\u56de\u843d\uff1b<\/p>\n<p data-track=\"32\"><strong>2\uff09\u79fb\u52a8ARPU<\/strong>\uff1a\u516c\u53f8\u672c\u5b63\u5ea6\u7684\u5355\u7528\u6237\u6708\u8d44\u8d39\u4e3a46.9\u5143\uff0c\u540c\u6bd4\u4e0b\u964d2.1%\u3002\u8fd1\u4e00\u5e74\u6765\uff0c\u79fb\u52a8\u7aef\u90fd\u5448\u73b0\u51fa\u8d44\u8d39\u4e0b\u964d\u7684\u8d8b\u52bf\u3002<\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/C2A33183F4CB5D7FDD9F40DB75CB82EC_w769h293.jpg\" \/><\/p>\n<p class=\"pgc-img-caption\"><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/2AAAC075E790077D33F01BFEBF4A7A4C_w766h345.jpg\" \/><\/p>\n<p data-track=\"33\"><strong>2.2\u6bdb\u5229\u7387<\/strong><\/p>\n<p data-track=\"34\"><strong>\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6bdb\u5229\u738755.8%\uff0c\u540c\u6bd4\u63d0\u53470.7pct\u3002<\/strong>\u6d77\u8c5a\u541b\u5c06\u201c\u7f51\u7edc\u8fd0\u8425\u53ca\u652f\u6491\u6210\u672c\u201d\u548c\u201c\u9500\u552e\u4ea7\u54c1\u6210\u672c\u201d\u5217\u4e3a\u8425\u4e1a\u6210\u672c\uff0c\u8fdb\u800c\u6d4b\u7b97\u516c\u53f8\u6bdb\u5229\u53ca\u6bdb\u5229\u7387\u60c5\u51b5\u3002\u516c\u53f8\u672c\u5b63\u5ea6\u6bdb\u5229\u7387\u7684\u63d0\u5347\uff0c\u4e3b\u8981\u662f\u516c\u53f8\u672c\u5b63\u5ea6\u901a\u8baf\u4e1a\u52a1\u5360\u6bd4\u540c\u6bd4\u63d0\u5347\uff0c\u7ed3\u6784\u6027\u5730\u5e26\u52a8\u6bdb\u5229\u7387\u7684\u63d0\u9ad8\u3002<\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/18CC60FBBE52CE8E6CE4966AD9E85470_w724h342.jpg\" \/><\/p>\n<p data-track=\"35\"><strong>2.3\u7ecf\u8425\u8d39\u7528\u7aef<\/strong><\/p>\n<p data-track=\"36\"><strong>\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7ecf\u8425\u8d39\u75281145\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed10.9%\uff0c\u53d8\u5316\u4e0d\u5927\u3002<\/strong>\u6d77\u8c5a\u541b\u5c06\u201c\u9500\u552e\u8d39\u7528\u201d\u3001\u201c\u96c7\u5458\u85aa\u916c\u8d39\u7528\u201d\u3001\u201c\u6298\u65e7\u53ca\u644a\u9500\u201d\u548c\u201c\u5176\u4ed6\u8425\u8fd0\u652f\u51fa\u201d\u56db\u9879\u90fd\u653e\u5728\u7ecf\u8425\u8d39\u7528\u4e2d\uff1b<\/p>\n<p data-track=\"37\"><strong>1\uff09\u9500\u552e\u8d39\u7528\uff1a\u672c\u5b63\u5ea6144\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed13.6%\uff0c\u5360\u8425\u6536\u76845.5%\u3002<\/strong>\u516c\u53f8\u672c\u5b63\u5ea6\u964d\u4f4e\u4e86\u9500\u552e\u53ca\u76f8\u5173\u8865\u8d34\uff08\u6bd4\u5982\u643a\u8f6c\u6298\u6263\u4f18\u60e0\u51cf\u5c11\u7b49\uff09\uff0c\u662f\u5bfc\u81f4\u672c\u5b63\u5ea6\u7528\u6237\u6570\u73af\u6bd4\u4e0b\u6ed1\u7684\u4e00\u4e2a\u56e0\u7d20\uff1b<\/p>\n<p data-track=\"38\"><strong>2\uff09\u96c7\u5458\u85aa\u916c\u8d39\u7528\uff1a\u672c\u5b63\u5ea6372\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3%\uff0c\u5360\u8425\u6536\u768414.1%\uff0c<\/strong>\u672c\u5b63\u5ea6\u5458\u5de5\u76f8\u5173\u8d39\u7528\u540c\u6bd4\u6709\u6240\u589e\u52a0\uff0c\u8fd9\u90e8\u5206\u8d39\u7528\u5448\u73b0\u4e00\u5b9a\u7684\u521a\u6027\uff1b<\/p>\n<p data-track=\"39\"><strong>3\uff09\u6298\u65e7\u53ca\u644a\u9500\uff1a\u672c\u5b63\u5ea6479\u4ebf\u5143\uff0c\u540c\u6bd4\u51cf\u5c110.5%\uff0c\u5360\u8425\u6536\u768418.2%\u3002<\/strong>\u968f\u77405G\u7b49\u6295\u8d44\u9ad8\u5cf0\u671f\u7684\u8fc7\u53bb\uff0c\u516c\u53f8\u8d44\u672c\u5f00\u652f\u7684\u4e0b\u964d\uff0c\u4e5f\u4f1a\u964d\u4f4e\u6298\u65e7\u644a\u9500\u7684\u76f8\u5173\u8d39\u7528\u3002<\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/688E952CCE614951C50BDA2857D6FD4A_w752h285.jpg\" \/><\/p>\n<p data-track=\"40\"><strong>2.4\u51c0\u5229\u6da6<\/strong><\/p>\n<p data-track=\"41\"><strong>\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u51c0\u5229\u6da6306\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3.4%<\/strong>\u3002\u5728\u6536\u5165\u4e0d\u589e\u957f\u60c5\u51b5\u4e0b\uff0c\u5229\u6da6\u7aef\u7684\u589e\u957f\uff0c\u4e3b\u8981\u6765\u81ea\u4e8e\u6bdb\u5229\u7387\u7684\u63d0\u5347\u548c\u7ecf\u8425\u8d39\u7528\u7aef\u7684\u51cf\u5c11\u3002<\/p>\n<p data-track=\"42\">\u6b63\u5982\u524d\u6587\u8bf4\u7684\uff0c\u8d22\u62a5\u4e2d\u7684\u51c0\u5229\u6da6\u5e76\u6ca1\u6709\u53cd\u6620\u51fa\u516c\u53f8\u771f\u6b63\u7684\u8d5a\u94b1\u80fd\u529b\u3002\u7531\u4e8e\u516c\u53f8\u7684\u6298\u65e7\u644a\u9500\u9ad8\u4e8e\u8d44\u672c\u5f00\u652f\uff0c\u56e0\u6b64\u4ece\u7a0e\u540e\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u89d2\u5ea6\uff0c\u516c\u53f8\u672c\u5b63\u5ea6\u5b9e\u73b0\u4e86317\u4ebf\u5143\uff0c\u9ad8\u4e8e\u516c\u53f8\u8d22\u62a5\u4e0a\u7684\u5229\u6da6\u8868\u73b0\u3002\u56e0\u6b64\uff0c\u516c\u53f8\u5b9e\u9645\u4e0a\u6bd4\u8d22\u62a5\u770b\u5230\u7684\u60c5\u51b5\uff0c\u66f4\u4f1a\u8d5a\u94b1\u3002<\/p>\n<p><img decoding=\"async\" class=\"syl-page-img\" style=\"height: auto;\" src=\"https:\/\/gbres.dfcfw.com\/Files\/iimage\/20250423\/31371EA2C3BCA87FE7DA62648AEE2C38_w747h325.jpg\" \/><\/p>\n<p data-track=\"43\">&lt;\u6b64\u5904\u7ed3\u675f&gt;<\/p>\n<p><!-- \u989d\u5916\u56fe\u7247 --> <!-- \u5e95\u90e8\u8bdd\u9898 --> <!-- \u8ffd\u52a0\u5185\u5bb9 --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e2d\u56fd\u79fb\u52a8\uff08600941.SH\/00941.HK\uff09\u4e8e\u5317\u4eac\u65f6\u95f4 2025\u5e744\u6708 22\u65e5\u665a\u7684\u6e2f\u80a1\u76d8\u540e\u53d1\u5e03\u4e862025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8d22\u62a5\uff08\u622a\u6b62 2025\u5e743\u6708\uff09\uff0c\u8981\u70b9\u5982\u4e0b\uff1a 1.\u7ecf\u8425\u6570\u636e\uff1a\u6536\u5165\u57fa\u672c\u6301\u5e73\uff0c\u5229\u6da6\u7a33\u6b65\u63d0\u5347\u3002\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u603b\u8425\u6536\u4e3a2638\u4ebf\u5143\uff0c\u540c\u6bd4\u57fa\u672c\u6301\u5e73\u3002\u516c\u53f8\u672c\u5b63\u5ea6\u901a\u8baf\u4e1a\u52a1\u7684\u589e\u957f\uff0c\u4e0e\u4ea7\u54c1\u9500\u552e\u7b49\u4e1a\u52a1\u7684\u4e0b\u6ed1\u57fa\u672c\u76f8\u62b5\u6d88\u3002\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u51c0\u5229\u6da6\u4e3a306\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3.4%\u3002\u5728\u6536\u5165\u4e0d\u589e\u7684\u60c5\u51b5\u4e0b\uff0c\u5229\u6da6\u7aef\u7684\u589e\u957f\u6765\u81ea\u4e8e\u6bdb\u5229\u7387\u7684\u63d0\u5347\u548c\u8d39\u7528\u7aef\u7684\u56de\u843d\uff1b 2.\u6838\u5fc3\u4e1a\u52a1\u8868\u73b0\uff1a\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u6709\u6240\u56de\u843d\u3002\u672c\u5b63\u5ea6\u901a\u8baf\u4e1a\u52a1\u7684\u589e\u957f\uff0c\u4e3b\u8981\u662f\u53d7\u5bb6\u5ead\u548c\u653f\u4f01\u901a\u8baf\u4e1a\u52a1\u7684\u5e26\u52a8\u3002\u800c\u516c\u53f8\u6700\u5927\u7684\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\uff0c\u672c\u5b63\u5ea6\u662f\u7565\u6709\u4e0b\u6ed1\u7684\u3002\u5177\u4f53\u6765\u770b\uff0c\u79fb\u52a8\u7528\u6237\u6570\u540c\u6bd4\u589e\u957f0.8%\uff1b\u800c\u79fb\u52a8\u7528\u6237\u7684\u5355\u6708\u8d44\u8d39\u4e3a46.9\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed12.1%\uff1b 3.\u8d44\u672c\u5f00\u652f\uff1a\u867d\u6709\u589e\u52a0\uff0c\u4f46\u5168\u5e74\u76ee\u6807\u662f\u6536\u7f29\u7684\u3002\u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u5927\u7ea6\u4e3a364\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f5.5%\u3002\u4f46\u7ed3\u5408\u516c\u53f8\u5168\u5e74\u76ee\u6807\u770b\uff0c\u516c\u53f8\u9884\u671f2025\u5e74\u8d44\u672c\u5f00\u652f\u4e3a1512\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed17.8%\uff0c\u516c\u53f8\u540e\u9762\u4e09\u4e2a\u5b63\u5ea6\u5c06\u5bf9\u8d44\u672c\u5f00\u652f\u7ee7\u7eed\u7f29\u51cf\u3002 \u6d77\u8c5a\u541b\u6574\u4f53\u89c2\u70b9\uff1a\u7b26\u5408\u671f\u5f85\uff0c\u8d22\u62a5\u4f9d\u7136\u7a33\u5065\u3002 \u4e2d\u56fd\u79fb\u52a8\u672c\u5b63\u5ea6\u7684\u6536\u5165\u540c\u6bd4\u6301\u5e73\uff0c\u901a\u8baf\u4e1a\u52a1\u7684\u589e\u957f\u4e0e\u4ea7\u54c1\u9500\u552e\u7684\u4e0b\u6ed1\u76f8\u62b5\u6d88\u3002\u5229\u6da6\u7aef\u7684\u589e\u957f\uff0c\u4e3b\u8981\u53d7\u516c\u53f8\u6bdb\u5229\u7387\u63d0\u5347\u548c\u8d39\u7528\u7387\u56de\u843d\u7684\u5f71\u54cd\u3002 \u5177\u4f53\u5206\u4e1a\u52a1\u770b\uff1a1\uff09\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u65b9\u9762\uff0c\u672c\u5b63\u5ea6\u540c\u6bd4\u4e0b\u6ed11%\uff0c\u4e3b\u8981\u662f\u53d7\u4eba\u5747\u8d44\u8d39\u4e0b\u964d\u7684\u5f71\u54cd\uff1b2\uff09\u5bb6\u5ead\u548c\u653f\u4f01\u4e1a\u52a1\uff0c\u672c\u5b63\u5ea6\u4ecd\u6709\u589e\u957f\uff0c\u662f\u672c\u5b63\u5ea6\u7684\u4e3b\u8981\u589e\u91cf\u3002 \u7ed3\u5408\u516c\u53f8\u672c\u5b63\u5ea6\u7f29\u51cf\u7684\u9500\u552e\u8d39\u7528\u6765\u770b\uff0c\u516c\u53f8\u672c\u5b63\u5ea6\u6536\u7d27\u4e86\u90e8\u5206\u8865\u8d34\u653f\u7b56\uff08\u5982\u643a\u53f7\u8f6c\u7f51\u7684\u4f18\u60e0\u5e45\u5ea6\u7b49\uff09\uff0c\u4ece\u800c\u4e00\u5b9a\u7a0b\u5ea6\u5f71\u54cd\u4e86\u516c\u53f8\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u7684\u8868\u73b0\u3002\u7531\u4e8e\u516c\u53f8\u603b\u6536\u5165\u6301\u5e73\uff0c\u5229\u6da6\u7aef\u4ecd\u5728\u7a33\u6b65\u63d0\u5347\uff0c\u6574\u4f53\u8fd8\u662f\u7b26\u5408\u671f\u5f85\u3002 \u5728\u4e1a\u7ee9\u7aef\u7a33\u5065\u53d1\u6325\u7684\u540c\u65f6\uff0c\u5e02\u573a\u5bf9\u516c\u53f8\u7684\u5173\u6ce8\u70b9\u4e3b\u8981\u5728\u4e8e\u8d44\u672c\u5f00\u652f\u548c\u5206\u7ea2\u56de\u8d2d\u60c5\u51b5\u3002\u516c\u53f8\u672c\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u7ea6\u4e3a364\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f5.5%\u3002\u7ed3\u5408\u5168\u5e74\u6307\u5f15\u770b\uff0c\u516c\u53f8\u9884\u671f2025\u5e74\u8d44\u672c\u5f00\u652f1512\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed17.8%\u3002\u867d\u7136\u4e00\u5b63\u5ea6\u8d44\u672c\u5f00\u652f\u6709\u6240\u589e\u957f\uff0c\u4f46\u5168\u5e74\u516c\u53f8\u8d44\u672c\u5f00\u652f\u4ecd\u7136\u662f\u6536\u7f29\u7684\u8d8b\u52bf\u3002\u4ece\u800c\u9884\u671f\u540e\u7eed\u5b63\u5ea6\u516c\u53f8\u4ecd\u5c06\u7f29\u51cf\u8d44\u672c\u5f00\u652f\uff0c\u8fd9\u5c06\u6709\u5229\u4e8e\u51cf\u8f7b\u516c\u53f8\u8d39\u7528\u7aef\u7684\u538b\u529b\uff0c\u63d0\u5347\u5229\u6da6\u7aef\u7684\u8868\u73b0\u3002\u81f3\u4e8e\u5206\u7ea2\u56de\u5f52\u65b9\u9762\uff0c\u516c\u53f8\u901a\u5e38\u4f1a\u5728\u4e8c\u4e09\u5b63\u5ea6\u8fdb\u884c\uff0c\u6d77\u8c5a\u541b\u8ba4\u4e3a\u516c\u53f8\u4ecd\u5c06\u7ee7\u7eed\u4fdd\u6301\u7740\u8f83\u9ad8\u7684\u80a1\u606f\u652f\u4ed8\u7387\u3002 \u516c\u53f8\u672c\u6b21\u4e1a\u7ee9\u4e2d\u867d\u7136\u5c0f\u6709\u7455\u75b5\uff0c\u4f46\u6574\u4f53\u4f9d\u7136\u7a33\u5065\u3002\u968f\u7740\u8d44\u672c\u5f00\u652f\u7684\u6536\u7f29\uff0c\u516c\u53f8\u7684\u5229\u6da6\u7aef\u6709\u671b\u7ee7\u7eed\u5f97\u4ee5\u91ca\u653e\u3002\u5728\u5f53\u524d\u4e0d\u7a33\u5b9a\u7684\u5e02\u573a\u73af\u5883\u4e0b\uff0c\u51ed\u501f\u7740\u201c\u7a33\u7a33\u5f53\u5f53\u201d\u7684\u5229\u6da6\u548c\u8f83\u9ad8\u7684\u80a1\u606f\u652f\u4ed8\u7387\uff0c\u4e2d\u56fd\u79fb\u52a8\u4ecd\u5c06\u662f\u5206\u7ea2\u903b\u8f91\u4e0b\u7684\u4f18\u8d28\u201c\u73b0\u91d1\u5976\u725b\u201d\u3002 \u4ee5\u4e0b\u662f\u6d77\u8c5a\u541b\u5bf9\u4e2d\u56fd\u79fb\u52a8\u8d22\u62a5\u7684\u5177\u4f53\u5206\u6790\uff1a \u4e00\u3001\u6838\u5fc3\u5173\u6ce8\u70b9\uff1a\u8d44\u672c\u5f00\u652f\u548c\u5206\u7ea2\u60c5\u51b5 1.1\u8d44\u672c\u5f00\u652f \u7531\u4e8e\u516c\u53f8\u672c\u8eab\u5c31\u5177\u6709\u660e\u663e\u7684\u91cd\u8d44\u4ea7\u7279\u6027\uff0c\u56e0\u800c\u516c\u53f8\u6bcf\u5e74\u90fd\u9700\u8981\u6295\u51651000-2000\u4ebf\u5143\uff0c\u7528\u4e8e\u6784\u5efa\u6216\u7ef4\u62a4\u8bbe\u5907\u7b49\u3002\u56e0\u800c\u5de8\u989d\u7684\u8d44\u672c\u5f00\u652f\uff0c\u5c06\u76f4\u63a5\u5e26\u52a8\u516c\u53f8\u8d39\u7528\u7aef\u7684\u63d0\u5347\uff0c\u4ece\u800c\u5f71\u54cd\u516c\u53f8\u7684\u5229\u6da6\u8868\u73b0\u3002 \u4e2d\u56fd\u79fb\u52a8\u57282025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u7ea6\u4e3a364\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f5.5%\u3002\u7ed3\u5408\u516c\u53f8\u7ed9\u7684\u5168\u5e74\u6307\u5f15\uff0c2025\u5e74\u8d44\u672c\u5f00\u652f\u6307\u5f15\u4e3a1512\u4ebf\u5143\uff08\u524d\u4e24\u5e74\u4e3a1800\u4ebf\u548c1600\u4ebf\uff09\uff0c\u540e\u4e09\u4e2a\u5b63\u5ea6\u7684\u8d44\u672c\u5f00\u652f\u5c06\u518d\u6b21\u51cf\u5c11\u3002 \u968f\u77405G\u9ad8\u6295\u5165\u671f\u7684\u6536\u5c3e\uff0c\u516c\u53f8\u8d44\u672c\u5f00\u652f\u7684\u4e0b\u964d\uff0c\u5c06\u6709\u52a9\u4e8e\u516c\u53f8\u5229\u6da6\u7aef\u7684\u91ca\u653e\u3002\u7531\u4e8e\u5f53\u524d\u516c\u53f8\u7684\u8d44\u672c\u5f00\u652f\u9010\u6b65\u4e0b\u964d\uff0c\u800c\u644a\u9500\u6298\u65e7\u4ecd\u7136\u8f83\u9ad8\uff0c\u90a3\u4e48\u516c\u53f8\u7684\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u5c06\u9ad8\u4e8e\u8d22\u62a5\u4e2d\u7684\u7ecf\u8425\u5229\u6da6\uff0c\u516c\u53f8\u5b9e\u9645\u4e0a\u662f\u66f4\u4e3a\u8d5a\u94b1\u7684\u3002 \u5bf9\u4e8e\u73b0\u91d1\u6027\u5229\u6da6\u7684\u6d4b\u7b97\uff0c\u6d77\u8c5a\u541b\u5728\u5b63\u5ea6\u4e2d\u8fd8\u539f\u7684\u65b9\u6cd5\u662f\u5728\u628a\u5b83\u7684\u7ecf\u8425\u5229\u6da6\uff1aa\u52a0\u56de\u644a\u9500\u6298\u65e7\u8d39\u7528\uff1bb\u53bb\u6389\u8d2d\u4e70\u56fa\u5b9a\u8d44\u4ea7\u7684\u8d44\u91d1\u6d41\u51fa\uff08\u7c97\u7565\u628a\u8fd9\u4e00\u9879\u89c6\u4e3a\u8d44\u672c\u5f00\u652f\uff09\u3002\u8fd9\u6837\u5f97\u51fa\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u540e\u518d\u6309\u7167\u516c\u53f8\u62a5\u544a\u6240\u5f97\u7a0e\u7a0e\u7387\u5f97\u51fa\u516c\u53f8\u7a0e\u540e\u7684\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\uff08\u6ce8\u610f\uff0c\u8fd9\u91cc\u4e0d\u8003\u8651\u5229\u606f\u6027\u6536\u76ca\u5bf9\u5229\u6da6\u7684\u5f71\u54cd\uff0c\u56e0\u4e3a\u516c\u53f8\u73b0\u91d1\u592a\u591a\uff0c\u5229\u606f\u6536\u5165\u4e5f\u5f88\u9ad8\uff0c\u4f46\u8fd9\u91cc\u53ea\u770b\u4e3b\u8425\u4e1a\u52a1\u7684\u73b0\u91d1\u5976\u725b\u80fd\u529b\uff09\u3002 \u4e2d\u56fd\u79fb\u52a8\u672c\u5b63\u5ea6\u7684\u7a0e\u540e\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u4e3a317\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3%\uff0c\u5c06\u660e\u663e\u9ad8\u4e8e\u8d22\u62a5\u4e2d\u7684\u9664\u7a0e\u540e\u7ecf\u8425\u5229\u6da6\uff08240\u4ebf\u5143\u5de6\u53f3\uff09\u3002\u8fdb\u800c\u6d4b\u7b97\uff0c\u672c\u5b63\u5ea6\u516c\u53f8\u7684TTM ROE\u7ee7\u7eed\u7ef4\u6301\u57289.1%\u3002 1.2\u5206\u7ea2\u60c5\u51b5 \u4e2d\u56fd\u79fb\u52a8\u901a\u5e38\u5206\u7ea2\u662f\u5728\u4e8c\u5b63\u5ea6\/\u4e09\u5b63\u5ea6\uff0c\u672c\u6b21\u4e00\u5b63\u62a5\u6b64\u5904\u672a\u6709\u53d8\u52a8\u3002\u800c\u7ed3\u5408\u516c\u53f8\u5386\u53f2\u5206\u7ea2\u548c\u516c\u53f8\u4e1a\u7ee9\u589e\u957f\u60c5\u51b5\uff0c\u6d77\u8c5a\u541b\u9884\u671f\u516c\u53f8\u5c06\u5728\u968f\u540e\u7684\u4e8c\u5b63\u5ea6\u5206\u7ea2\u56de\u8d2d\u8fbe\u5230500\u4ebf\u5de6\u53f3\uff0c\u8fdb\u800c\u4f30\u7b97\u516c\u53f8\u5f53\u524d\u7684\u80a1\u606f\u652f\u4ed8\u7387\u5c06\u7ef4\u630179%\u9644\u8fd1\u3002 \u4e2d\u56fd\u79fb\u52a8\u7684\u4e1a\u52a1\u96c6\u4e2d\u4e8e\u56fd\u5185\uff0c\u53d7\u5173\u7a0e\u7b49\u653f\u7b56\u5f71\u54cd\u8f83\u5c0f\u3002\u6b64\u5916\uff0c\u516c\u53f8\u7684\u80a1\u606f\u652f\u4ed8\u7387\u80fd\u957f\u671f\u7ef4\u6301\u5728\u8f83\u9ad8\u7684\u6c34\u5e73\uff0c\u80fd\u5e26\u6765\u76f8\u5bf9\u7a33\u5b9a\u7684\u6536\u76ca\u3002\u5728\u5f53\u524d\u5b8f\u89c2\u73af\u5883\u4e0d\u7a33\u5b9a\u7684\u60c5\u51b5\u4e0b\uff0c\u4e2d\u56fd\u79fb\u52a8\u8fd8\u662f\u4e2a\u786e\u5b9a\u76f8\u5bf9\u786e\u5b9a\u6027\u6536\u76ca\u7684\u7a33\u5065\u6807\u7684\u3002 \u4e8c\u3001\u7ecf\u8425\u6570\u636e\uff1a\u6536\u5165\u57fa\u672c\u6301\u5e73\uff0c\u5229\u6da6\u7a33\u6b65\u63d0\u5347 2.1\u6536\u5165\u7aef \u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u603b\u8425\u65362638\u4ebf\u5143\uff0c\u540c\u6bd4\u57fa\u672c\u6301\u5e73\u3002\u5206\u9879\u6765\u770b\uff0c\u5176\u4e2d\u516c\u53f8\u672c\u5b63\u5ea6\u6765\u81ea\u4e8e\u901a\u8baf\u670d\u52a1\u7684\u6536\u5165\u4e3a2224\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f1.4%\uff1b\u6765\u81ea\u4ea7\u54c1\u9500\u552e\u53ca\u5176\u4ed6\u7684\u6536\u5165\u4e3a414\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed16.8%\u3002 \u867d\u7136\u516c\u53f8\u672c\u5b63\u5ea6\u901a\u8baf\u670d\u52a1\u6536\u5165\u5c0f\u5e45\u589e\u957f\uff0c\u5176\u4e2d\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\u672c\u5b63\u5ea6\u5c0f\u5e45\u56de\u843d1%\u3002\u5bb6\u5ead\u901a\u8baf\u4e1a\u52a1\u548c\u653f\u4f01\u4e1a\u52a1\uff0c\u5728\u672c\u5b63\u5ea6\u8d21\u732e\u4e86\u4e3b\u8981\u589e\u91cf\u3002 \u5bf9\u4e8e\u5728\u603b\u6536\u5165\u4e2d\u5360\u6bd4\u8d85\u8fc7\u4e00\u534a\u7684\u4e2a\u4eba\u901a\u8baf\u4e1a\u52a1\uff0c\u5177\u4f53\u6765\u770b\uff1a 1\uff09\u79fb\u52a8\u4e1a\u52a1\u5ba2\u6237\u6570\uff1a\u516c\u53f8\u7684\u603b\u7528\u6237\u6570\u5df2\u7ecf\u8d85\u8fc710\u4ebf\uff0c\u5f88\u96be\u518d\u6709\u9ad8\u589e\u957f\u3002\u672c\u5b63\u5ea6\u540c\u6bd4\u4ecd\u67090.8%\u7684\u589e\u957f\uff0c\u800c\u73af\u6bd4\u4e0a\u5b63\u5ea6\u7565\u6709\u56de\u843d\uff1b 2\uff09\u79fb\u52a8ARPU\uff1a\u516c\u53f8\u672c\u5b63\u5ea6\u7684\u5355\u7528\u6237\u6708\u8d44\u8d39\u4e3a46.9\u5143\uff0c\u540c\u6bd4\u4e0b\u964d2.1%\u3002\u8fd1\u4e00\u5e74\u6765\uff0c\u79fb\u52a8\u7aef\u90fd\u5448\u73b0\u51fa\u8d44\u8d39\u4e0b\u964d\u7684\u8d8b\u52bf\u3002 2.2\u6bdb\u5229\u7387 \u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6bdb\u5229\u738755.8%\uff0c\u540c\u6bd4\u63d0\u53470.7pct\u3002\u6d77\u8c5a\u541b\u5c06\u201c\u7f51\u7edc\u8fd0\u8425\u53ca\u652f\u6491\u6210\u672c\u201d\u548c\u201c\u9500\u552e\u4ea7\u54c1\u6210\u672c\u201d\u5217\u4e3a\u8425\u4e1a\u6210\u672c\uff0c\u8fdb\u800c\u6d4b\u7b97\u516c\u53f8\u6bdb\u5229\u53ca\u6bdb\u5229\u7387\u60c5\u51b5\u3002\u516c\u53f8\u672c\u5b63\u5ea6\u6bdb\u5229\u7387\u7684\u63d0\u5347\uff0c\u4e3b\u8981\u662f\u516c\u53f8\u672c\u5b63\u5ea6\u901a\u8baf\u4e1a\u52a1\u5360\u6bd4\u540c\u6bd4\u63d0\u5347\uff0c\u7ed3\u6784\u6027\u5730\u5e26\u52a8\u6bdb\u5229\u7387\u7684\u63d0\u9ad8\u3002 2.3\u7ecf\u8425\u8d39\u7528\u7aef \u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7ecf\u8425\u8d39\u75281145\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed10.9%\uff0c\u53d8\u5316\u4e0d\u5927\u3002\u6d77\u8c5a\u541b\u5c06\u201c\u9500\u552e\u8d39\u7528\u201d\u3001\u201c\u96c7\u5458\u85aa\u916c\u8d39\u7528\u201d\u3001\u201c\u6298\u65e7\u53ca\u644a\u9500\u201d\u548c\u201c\u5176\u4ed6\u8425\u8fd0\u652f\u51fa\u201d\u56db\u9879\u90fd\u653e\u5728\u7ecf\u8425\u8d39\u7528\u4e2d\uff1b 1\uff09\u9500\u552e\u8d39\u7528\uff1a\u672c\u5b63\u5ea6144\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed13.6%\uff0c\u5360\u8425\u6536\u76845.5%\u3002\u516c\u53f8\u672c\u5b63\u5ea6\u964d\u4f4e\u4e86\u9500\u552e\u53ca\u76f8\u5173\u8865\u8d34\uff08\u6bd4\u5982\u643a\u8f6c\u6298\u6263\u4f18\u60e0\u51cf\u5c11\u7b49\uff09\uff0c\u662f\u5bfc\u81f4\u672c\u5b63\u5ea6\u7528\u6237\u6570\u73af\u6bd4\u4e0b\u6ed1\u7684\u4e00\u4e2a\u56e0\u7d20\uff1b 2\uff09\u96c7\u5458\u85aa\u916c\u8d39\u7528\uff1a\u672c\u5b63\u5ea6372\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3%\uff0c\u5360\u8425\u6536\u768414.1%\uff0c\u672c\u5b63\u5ea6\u5458\u5de5\u76f8\u5173\u8d39\u7528\u540c\u6bd4\u6709\u6240\u589e\u52a0\uff0c\u8fd9\u90e8\u5206\u8d39\u7528\u5448\u73b0\u4e00\u5b9a\u7684\u521a\u6027\uff1b 3\uff09\u6298\u65e7\u53ca\u644a\u9500\uff1a\u672c\u5b63\u5ea6479\u4ebf\u5143\uff0c\u540c\u6bd4\u51cf\u5c110.5%\uff0c\u5360\u8425\u6536\u768418.2%\u3002\u968f\u77405G\u7b49\u6295\u8d44\u9ad8\u5cf0\u671f\u7684\u8fc7\u53bb\uff0c\u516c\u53f8\u8d44\u672c\u5f00\u652f\u7684\u4e0b\u964d\uff0c\u4e5f\u4f1a\u964d\u4f4e\u6298\u65e7\u644a\u9500\u7684\u76f8\u5173\u8d39\u7528\u3002 2.4\u51c0\u5229\u6da6 \u4e2d\u56fd\u79fb\u52a82025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u51c0\u5229\u6da6306\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f3.4%\u3002\u5728\u6536\u5165\u4e0d\u589e\u957f\u60c5\u51b5\u4e0b\uff0c\u5229\u6da6\u7aef\u7684\u589e\u957f\uff0c\u4e3b\u8981\u6765\u81ea\u4e8e\u6bdb\u5229\u7387\u7684\u63d0\u5347\u548c\u7ecf\u8425\u8d39\u7528\u7aef\u7684\u51cf\u5c11\u3002 \u6b63\u5982\u524d\u6587\u8bf4\u7684\uff0c\u8d22\u62a5\u4e2d\u7684\u51c0\u5229\u6da6\u5e76\u6ca1\u6709\u53cd\u6620\u51fa\u516c\u53f8\u771f\u6b63\u7684\u8d5a\u94b1\u80fd\u529b\u3002\u7531\u4e8e\u516c\u53f8\u7684\u6298\u65e7\u644a\u9500\u9ad8\u4e8e\u8d44\u672c\u5f00\u652f\uff0c\u56e0\u6b64\u4ece\u7a0e\u540e\u73b0\u91d1\u6027\u7ecf\u8425\u5229\u6da6\u89d2\u5ea6\uff0c\u516c\u53f8\u672c\u5b63\u5ea6\u5b9e\u73b0\u4e86317\u4ebf\u5143\uff0c\u9ad8\u4e8e\u516c\u53f8\u8d22\u62a5\u4e0a\u7684\u5229\u6da6\u8868\u73b0\u3002\u56e0\u6b64\uff0c\u516c\u53f8\u5b9e\u9645\u4e0a\u6bd4\u8d22\u62a5\u770b\u5230\u7684\u60c5\u51b5\uff0c\u66f4\u4f1a\u8d5a\u94b1\u3002 &lt;\u6b64\u5904\u7ed3\u675f&gt;<\/p>\n","protected":false},"author":1,"featured_media":1346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"acf":[],"_links":{"self":[{"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/1345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1345"}],"version-history":[{"count":1,"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/1345\/revisions"}],"predecessor-version":[{"id":4482,"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/1345\/revisions\/4482"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=\/wp\/v2\/media\/1346"}],"wp:attachment":[{"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1345"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.qlcxw.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}