????8??29?锛?浜ら???惰???甯?2025骞村??骞村害缁??ヤ?缁??2025骞翠???骞 锛?浜ら???惰?娣卞?ヨ疮褰昏?藉???涓?ぎ?充?????宸ヤ?????椤瑰?崇??ㄧ讲
锛?????绋充腑姹?杩?宸ヤ??诲?鸿?锛????︹??浜?绡?澶ф??绔? ???????㈡???ュ??灞?瑕?姹? 锛?缁?绛瑰??灞???瀹??锛?涓昏?缁??ユ?????翠?淇?????绋充腑??濂 ??绋充腑??璐
??????ソ??? ??

?????ュ?????
锛????㈣?浜ф?婚?杈惧??5.44涓?浜垮??锛?杈?涓?骞存?????.59%
???ュ?????? 锛????㈠??拌?ヤ??跺??,333.68浜垮??
??褰?灞?浜?姣????歌?′????╂鼎460.16浜垮??
锛???姣????????.77%??1.61%??

????娣辫????浜?绡?澶ф??绔??? 楂?璐ㄩ?????″?浣?缁?娴?

????浜ら???惰???瀹?灞ヨ????″?浣?缁?娴?涓诲??????璐锛?绮惧???????藉???澶ф??? ?????归???????寮辩???? 锛?浠ュ??濂解??浜?绡?澶ф??绔? ??涓烘????
锛?????寤哄己????????????????????¤川??锛????㈡?昏?浜т???绋冲?澧?? ???ュ????? 锛????㈠??疯捶娆句?棰?9.00涓?浜垮??
锛?杈?涓?骞存?????.18%??绉???璐锋?
??????灏?寰?捶娆???昏??浜т?璐锋?澧?骞???楂?浜????㈣捶娆惧钩??澧?骞?
??

????绉?????????璐ㄥ???????缁?繁??绉??????伴???逛骇涓?锛????版???℃ā寮? 锛?娣卞??娓?????浣?
锛?瀹???????淇????跨? ?????ラ???㈠?ㄧ???х??ヤ??锛?寤虹????¤捶?虹?????锛??℃?? ??淇¤捶
???哄???绉?璧? ????绠★?缁煎?????????′?绯 锛?绉????ㄥ?ㄢ??绉???????浜т?????????
?????у惊?
???ュ?????锛?绉???璐锋?浣?棰?绐???.5涓?浜垮??澶у?
锛??疯捶浼?涓??伴??杈?涓?骞存?????1.12%锛??朵腑????绉?????涓??浼?涓?3.23涓?? 锛?璐锋?浣?棰?杈?涓?骞存?????2.93%??

????缁胯?查???????﹁浆?? ??灏?缁胯?插??灞???蹇佃???ユ????涓??＄?硅?插?ㄨ?绋?
??绉???瀹???缁胯?查????灞?涓?????
锛??ㄥ?瀹跺??琛???绔?缁胯?查????涓??/绠＄??涓???????诲?灞?杞?????????灞?锛??藉?伴?㈤??
????涓???寤烘?? ???ょ?
?????绛???澶?涓????棰?????杞???????涓?? ???ㄥ?????＄?娴?绀句?缁胯?蹭?纰宠浆?? 锛????ョ患???????′??
锛??㈠???ㄩ??甯?????ㄩ??瀹㈡?锋??渚?缁胯?查???????
???ュ?????锛????介??纰充骇涓?浣?棰?杈?涓?骞存?????.58% 锛??ㄤ腑?藉???绱????琛?缁胯?查?????哄??,450浜垮????

?????????????╅?㈠??? ????寮哄????″?寰??涓? ??涔℃?????
???????璐圭??藉???澶у?崇??ㄧ讲????????搴
锛?浠ユ?板?????娈甸?╂?版???℃ā寮?锛?璧??藉?寰??涓???淇″?ㄦ?绋? 锛?涓??????灏?寰??缇ら???????′?绯
锛?娣卞??浜у?????哄?跺???锛?涓板?浜ら?跺?涓?????浜ら?剁????????????娑 锛?????浜у??绾夸???姘村钩锛??ㄥ???????????????ュ悍??灞?
???ュ?????
锛?????璐锋?浣?棰?8,524.01浜垮??锛?杈?涓?骞存?????2.96%??

?????昏??????绋虫????? ??浠モ???????胯????濂藉???惰???涓哄?昏????????灞??挎? 锛??ㄨ?寤鸿?瑕????昏??浜т????????昏???????? ???昏??璐㈠????????昏??娑?璐归????
?????????￠??????????浜?澶ч????????′?绯???ュ?????
锛??ㄨ??昏??浜т?璐锋?浣?棰?杈?涓?骞存?????1.39%锛?绀句????涓?汉?昏????涓??¤?妯″ぇ骞?????锛??昏??????绠¤?妯″?琛?涓?????锛???涓?瀛????稿?ㄥ?昏???????洪??绠＄??瑙?妯 ???昏????璐?骇???剁????绛?缁???棰???淇???浼??匡??╁???昏??????寤鸿? 锛??昏???烘??棰??惰垂璧?????绠℃???″?ㄥ?ㄥ?藉??拌?藉?
??

?????板?????璧??藉??????拌??昏??板???缁??ヤ腑蹇?
锛?寤哄己?版?洪┍?ㄧ??????涓??¤??ヤ?绯锛?褰㈡??绾夸??磋?ョ嚎涓???灞?
??绾夸?璧??界嚎涓?浜や???????缁??ユ?哄? ??????浜哄伐?鸿?芥?板???? 锛???寤衡??1+1+N ??浜哄伐?鸿?藉缓璁炬??
锛?寮哄??浜烘?哄???????????????鸿?戒?锛?杩?涓?姝ラ???剧??浜у??
??棣??硅?疯??轰?涓??′环?肩??????涓??板???杞????藉??璇?浼版ā??????锛?FDMM锛?浜?绾э???楂?绛?绾э?璁よ????ュ????? 锛??板?缁?娴??稿?浜т?璐锋?浣?棰?瓒?2,860浜垮??
锛?浜???缃?璐锋?杈?涓?骞存?????.52% ??

???????ヤ?娴蜂富?轰??挎??缁???寮虹?硅?蹭???/p>

???????ヤ?娴蜂富?哄???扮?婧???杈?灏?甯﹀?ㄤ??锛????″??????涓?娴封??浜?涓?腑蹇?
??寤鸿?
??????瑕?绱?甯??哄???颁??″??琛???璇? 锛?瀹??板?哄?糕??????????涓?绾т氦???? ????甯???
????绠℃?绠??惰?瑙??茬???ㄨ??????藉?版?昏???锤?哄??璐︽?哥?????椤逛?棣?绗?涓?娴烽???浜ゆ?????介???胯???ヤ氦??锛???涓哄?ㄥ??洪??逛负淇??╄?????璧?榛?????渚????＄???惰?涔?涓? ???ㄤ?娴峰?????涓?绾垮?藉??讳?灞??讳???涓???浠?涓??
锛?杩?涓?姝ユ??灞?浜よ?淇＄?ㄥ氨?荤?宠???浣跨?ㄦ???
??涓板??哄???锯??涓?浠朵? ??搴??ㄥ?烘?锛???涓轰?娴峰???ㄩ??棰?浠??″??????绠℃???″钩?伴?瀹惰??归?惰???涓板??板?浜烘?甯?浣跨?ㄥ?烘? 锛??ㄤ?娴峰?ㄥ???伴????纾???诞绛?杞ㄩ??浜ら???ㄧ嚎缃?瀹??版?板?浜烘?甯?纭??卞???峰?¤??告???缁?绠? ???ュ??????
锛??ㄥ????????澶ч」?锛?宸蹭?60涓??绾ч??澶ч」? ??118涓??虹骇??澶ч」??缓绔???浣?
??娣卞害???ヤ?娴烽????甯??哄缓璁 锛?杈炬?????哄?搁??
??浜ゆ??瓒?4,880浜垮??
????浜??㈤????浜ゆ??瓒?4,910浜垮????

?????ㄨ?藉??界???浜?绡?澶ф??绔? ??涓
锛?娣卞??璐告????????璐㈠?????涓??＄?硅?锛?????绂诲哺??????璺ㄥ??????硅? ????浼???寮鸿锤??????浜у?? 锛??ュ??????
锛?澧????惰??烘??璐告????璧?????棰? ??浜т??鹃????涓??￠????姣????????3.60%
??4.90%????杩??板???璧??藉??风??锛????ラ???㈠????浼?? 锛?寮哄??璐㈠?????涓????????????昏??????娣卞害????
???ュ?????
锛?澧????惰??烘??绠＄????涓?汉????璧?浜э?AUM锛?瑙?妯?7,925.53浜垮??锛?杈?涓?骞存?????.52%锛?寮?绔?涓?汉?昏????璧???璐︽?锋? ??绱??缂村???棰??????涓?骞存?????5.08%??26.62%?????ョ?宀搁??????澧?澶?甯?灞?浼?? 锛????╁?卞缓??涓?甯︿?璺
????浜烘?甯??介??????缁??ㄨ???渚?????ソ??灞??洪??锛??ュ??????
锛?澧????惰??烘??璺ㄥ?浜烘?甯?缁?绠?????姣?澧???6.65%锛?璺ㄥ?涓??℃?跺?ュ??姣?澧???.24% ??

????澧?寮鸿??????澶??瀹㈡?峰?虹?绛??㈢ǔ?ュ??灞??瑰??/p>

????璧??????杩?涓?姝ュ?寮
???ュ??????锛?浜ら???惰?瀹?????璐㈡?块?
??涓??界????????缁存??璧???琛?浜烘?甯??????★?A?★?绾?41浜胯? 锛?????璧???1,200浜垮??
锛?????琛ュ???稿?涓?绾ц??锛?????绋冲?ョ??ュ??椋??╂?靛尽?藉?? 锛??村ソ???ユ???″?浣?缁?娴?涓诲??????缁存?ら????绋冲????辩?崇??浣????

????瀹㈡?峰?虹?杩?涓?姝ュく瀹? ??????瀹㈡?峰?ㄩ?炬?＄??ヨ?藉??
锛???杩??板????归????瀹锛????﹀??风??? 锛?浼?????瀹㈠???
锛?寮哄?????ㄧ?瀹
??绋虫??╁ぇ?虹?瀹㈢兢瑙?妯锛?绾垫繁绛????璐ㄥ??锋?瑰????ュ????? 锛?澧????惰??烘??瀵瑰????锋?绘??95涓??
锛?杈?涓?骞存?????.75%锛????㈠??锋????杈?涓?骞存?????.78%锛?澧????惰??烘???跺????锋??.02浜挎?凤?????璁板?″??淇＄?ㄥ?″??凤?锛?杈?涓?骞存?????.30%锛?涓?汉???洪?惰???搴︽椿璺?瀹㈡?锋??MAU)??姣?澧???.63%锛?杈炬??娌?寰峰????绉?浜洪?惰?瀹㈡?峰?????涓?骞存?????.76% ??8.94% ??

????宸╁?洪??╅?叉?у?绾挎?よ???璐ㄩ????灞?

?????????ュ?ㄥ?ㄩ?㈤??╃???浣?绯 锛???寮洪??╄??锛?????椋??╁?缃
锛??????鸿?藉??椋??ф按骞锛???濂藉???讳富?ㄧ??
????瀹??茶????瑙ｉ???归???椋?? 锛?缁?绛规?ㄨ?涓??″??灞???椋??╅?叉????ュ?????
锛????????捶娆剧??1.28%锛?杈?涓?骞存?????0.03涓??惧???癸??ㄥ?瑕?????209.56% 锛?杈?涓?骞存?????7.62涓??惧??? ???ュ??????
锛?绱??澶?缃????捶娆?78.3浜垮??锛???姣?澧???27.9% 锛??朵腑瀹?璐ㄦ?ф???03.7浜垮??
锛???姣?澧???54.3%
??

????浜ら???惰?绠＄??灞?琛ㄧず锛?涓???骞 锛?浜よ?灏?缁х画娣卞?ヨ返琛?????宸ヤ????挎不?
??浜烘??
锛?褰?濂芥???″?浣?缁?娴???涓诲??????缁存?ら????绋冲??????辩?锛??ㄨ?藉?????绋??瑕?姹????╁??杈炬???芥?缁?娴???灞?????浠诲?′?浣??烘?村ぇ璐＄? 锛???瀹?瀹??藉??灞????锛??ㄨ?楂?璐ㄩ????灞?
锛?涓哄?╁??????寮哄?藉缓璁捐础??氦琛???????

锛???绔??ユ?锛?21涓?绾??娴??ラ??锛?