??涓ㄨ储??绀?/p>

?????辨??18瀹朵?甯??稿????甯?浜???骞存????朵腑 锛?娴???璇??镐???骞村??拌?ユ??4.56浜垮??
锛???澶ц????涓??硅储瀵? ??涓??磋??歌?ユ?朵???瓒?杩?50浜垮?? ??

杩?18瀹跺?稿???ユ?跺??挎??蹇?????储??璇??锛???姣?澧?骞?56.15% 锛?涓???璇??
??瑗块?ㄨ??????浜???哥???ユ?跺?骞???瓒?杩?30%
???稿??涓???骞磋?ユ?跺ぇ骞?澧??跨??涓昏?椹卞?ㄥ???ヨ??????ヤ??℃?跺?锛??舵?????琛?涓????姣?濡?璐㈤??璇??哥?????ユ?跺?ュ??姣?澧???323.09%
锛?瑗块?ㄨ??歌???ユ?跺?ュ??澧?105.20% ??

?界?舵???璇??哥???ユ?舵????绗??锛?浣????╂鼎?翠?瓒?0浜??涓???骞村???╂鼎??楂???????硅储瀵?锛?42.25浜垮??锛? 锛??舵?????澶ц??
??

???╂鼎澧??挎?归?
锛??????′唤???界?????х?????╂鼎??瀹??版???涓虹????涓???璇??稿???垮??璇??哥?????╂鼎澧?骞???瀹??扮炕涓??锛?瑗块?ㄨ??稿???╂鼎澧?骞??ヨ?缈讳?? 锛?涓昏?绯诲?烘?颁?楂? ??涓??磋??稿???╂鼎??澧?70%
锛?涓昏?绯绘??琛? ?????ヤ??℃?跺?ユ????
??

涓??硅储瀵????ユ?跺?????╂鼎????姣?涓?婊?锛?涓昏?????璇??镐?????洪??浠ｉ????绱??缁 锛?璇??镐??″??姣?涓?婊?8.79%锛??洪??浠ｉ??涓??″??姣?涓?婊?8.77%??????璐圭???归?╃??褰?涓?
锛???灏?????涓??硅储瀵???灏句剑?跺?ヤ?婊?锛?杩?????浣??洪??浠ｉ??涓??℃?跺? ??

4瀹跺?稿???ユ?惰?杩?50浜垮??

??????24? 锛??辨??18瀹朵?甯??稿?????稿??涓?甯?涓讳???甯?浜???骞存?
???规????骞存?ユ?版?
锛????蹭???骞磋?ユ?惰?杩?浜???浜跨???稿???辨????瀹锛??????????璇??革?84.56浜垮??锛?
????澶ц??革?61.79浜垮??锛???涓??硅储瀵?锛?57.5浜垮??锛? ??涓??磋??革?53.38浜垮??锛???

涓???骞村??拌?ヤ??跺?ュ??0浜?40浜跨???稿???辨??8瀹 锛????????规?璇??革?40.54浜垮??锛?
??瑗块?ㄨ??革?39.35浜垮??锛???涓???璇??革?35.62浜垮??锛? ??璐㈤??璇??革?34.75浜垮??锛?
???藉??璇??革?31.11浜垮??锛????垮??璇??革?22浜垮??锛? ???芥捣璇??革?20.77浜垮??锛?
????瑗胯??革?20.21浜垮??锛? ??

涓?姝ゅ???锛?杩???2瀹跺?稿??涓???骞存?跺?ヤ?瓒冲??浜
锛????????界?????э?8.98浜垮??锛???棣???璇??革?8.5浜垮??锛?
??

?ユ?跺??挎?归????璇??镐?骞磋?ユ?跺??挎??涓烘?捐??,澧?骞?楂?杈?6.15%??姝ゅ?锛?涓???璇?? ??瑗块?ㄨ??
????浜???哥???ユ?跺?骞???瓒?杩?30% 锛?????负48.25%??43.55% ??34.94% ??

?荤???ョ??
锛??稿??涓???骞磋?ユ?跺ぇ骞?澧??跨??涓昏?椹卞?ㄥ???ヨ??????ヤ??℃?跺?锛??舵?????琛?涓??
??璐㈤??璇??哥??涓?缁╁?骞?濡?姝ら? 锛?涓昏???????浜????ヤ??″??垮????琛?涓??″????璐㈤??璇??镐?骞翠???骞寸??璇??歌???ヤ??″??版?跺??.06浜垮??
锛???姣?澧???323.09%锛???璧??惰?涓??″??版?跺??.10浜垮??锛???姣?澧???2.21% ???告?涔?涓? 锛?璐㈠?绠＄??涓??″??版?跺??.87浜垮??
锛???姣?涓???1.49%??

涓?璐㈤??璇??哥?镐技??杩???瑗块?ㄨ??
??瑗块?ㄨ??镐???骞磋???ユ??璧??垮??瀹??拌?ヤ??跺??1.03浜垮??锛??跺?ヨ?妯¤??朵?浼?缁??垮????澶 锛???姣?澧???05.20%????琛?涓??′???骞村??版?跺??.04浜垮??
锛???姣?澧???0.56% ??

??浜???哥??涓?缁╁??夸富瑕?????浜????ュ??璧?绠′??＄??澧??
????浜???镐???骞磋??告??璧?涓??″??拌?ユ??.76浜垮??锛???姣?澧???9.78%锛?璧?绠″????璧?绠＄??涓??″??版?跺??861涓??? 锛???姣?澧???87.2%????浜???哥????琛?涓??℃?跺?ュ??姣?涓?婊? ??

姝ゅ?锛??ユ?跺?骞???0%-30%???稿???辨??3瀹
锛????????藉??璇??革?27.19%锛???涓??磋??革?24.12%锛?
???芥捣璇??革?23.34%锛?锛??跺?ュ?骞???0%-20%???稿????????瑗胯??革?15.51%锛?????澶ц??革?15.01%锛? ??娴???璇??革?13.29%锛?
??棣???璇??革?12.08%锛?
??

杩?18瀹跺?稿??涓锛??规?璇??稿??涓??硅储瀵????跺?ュ??夸负璐? 锛??规?璇??镐???骞存?跺?ュ??姣?涓?婊?0.54%
锛?涓??硅储瀵???姣?涓?婊?8.84%??

涓??硅储瀵?涓?缁╀?婊?锛?涓昏?????涓鸿??镐?????洪??浠ｉ??涓??℃?跺?ヤ?婊? 锛?浣????ヤ??′???骞磋〃?拌?濂 ???蜂??ョ??
锛?璇??镐??″??版?跺??6.10浜垮??锛???姣?涓?婊?8.79%锛??洪??浠ｉ??涓??″??版?跺??0.09浜垮?? 锛???姣?涓?婊?8.77%锛????ヤ??℃?跺??1.47浜垮??
锛???姣?澧???2.77%
???朵腑???ヤ??′?缁╁??夸富瑕??变???????璧?瑙?妯″????璧??剁????????澧??块┍???

涓??硅储瀵????╂鼎????绗??

???╂鼎?归?锛?娴???璇??歌?界?朵???骞磋?ユ?惰?杩?80浜 锛?浣??????╂鼎?翠?瓒?0浜
锛?浠?骞翠???骞村?姣????╂鼎浠???9.11浜垮??锛??ㄨ?18瀹跺?稿??涓?????绗?浣? ??

涓??硅储瀵??界?惰?ユ?跺?ㄨ?18瀹跺?稿??涓??????绗?浣? 锛?浣?浠?骞翠???骞村??板?姣????╂鼎42.25浜垮??锛????舵????绗??
???舵?????澶ц??
锛?浠?骞翠???骞村?姣????╂鼎23.92浜垮??锛?????绗????涓??硅储瀵?浠ヨ交璧?浜т??′负涓 锛??ㄥ??绛??跺?ユ按骞充????╂鼎瑙?妯＄?稿?棰??? ??

杩?18瀹跺?稿??涓
锛??や?涓??硅储瀵?????澶ц??稿???╂鼎????灞???澶?锛??规?璇?? ??涓??磋??
??璐㈤??璇??哥?????╂鼎??瓒?杩?10浜垮?? 锛?浠?骞翠???骞村?姣????╂鼎????负14.4浜垮????13.89浜垮?? ??10.37浜垮????

???崇????
锛?浠?骞翠???骞村?姣????╂鼎??浜?10浜跨???稿???辨??6瀹锛????????藉??璇??革?9.14浜垮??锛?
??娴???璇??革?9.1浜垮??锛????垮??璇??革?8.9浜垮??锛? ??瑗块?ㄨ??革?7.14浜垮??锛?
??涓???璇??革?5.47浜垮??锛?????瑗胯??革?5.24浜垮??锛?
??

涓?姝ゅ??? 锛?浠?骞翠???骞村???╂鼎涓?瓒?浜跨???稿?????????涓???涓?璇?? ??棣???璇?????????′唤
???界??璇????绗????涓?涓???骞村??板?姣????╂鼎涓?.87浜垮??
锛?棣???璇?????????′唤???界?????у????负2.75浜垮?? ??1.07浜垮??
??0.99浜垮?? ??

???╂鼎澧??挎?归?锛?浠?骞翠???骞 锛??????′唤???界?????х?????╂鼎??瀹??版???涓虹??
??

?蜂??ョ??
锛?涓???璇??稿???垮??璇??哥?????╂鼎澧?骞???瀹??扮炕涓????涓???璇??镐???骞村???╂鼎??姣?澧???64.48%锛??垮??璇??稿???╂鼎??姣?澧???05.04% ??瑗块?ㄨ??稿???╂鼎??姣?澧???8.65% 锛?涔??ヨ?缈讳??
??杩?涓?瀹跺?稿?????╂鼎澧?骞?杈?澶锛?涓昏??????╂鼎?烘?拌?浣?
锛???涓?瓒?杩???浜垮????

涓???骞村???╂鼎澧??垮??0%-80%???稿?????????????瑗胯??革?79.91%锛???涓??磋??革?69.88%锛? ??璐㈤??璇??革?63.89%锛?
???芥捣璇???61.68%) ??

涓??磋??哥???ユ?惰?妯?????╂鼎瑙?妯″??澧????芥?杈?楂?
??涓??磋??歌〃绀锛?涓?缁╁ぇ骞?澧??夸富瑕?寰???浜????告??琛? ????璧?浜ゆ??绛?涓??¤础??害??????

涓??磋??告??璧??惰?涓??″??拌?ヤ??跺??.74浜垮?? 锛???姣?澧???9.70%锛???璧?浜ゆ??涓??′???骞村??拌?ヤ??跺??9.12浜垮??
锛???姣?澧???0.85% ???℃????璧?涓??℃?归?锛?涓??磋??镐???骞村???IPO椤圭???? 锛?????琛?涓?绗?浣?锛???浜ゆ??IPO椤圭????
锛?琛?涓?????绗????
???颁??夸??℃??缁????锛??板?????8瀹 锛?琛?涓?????绗?浣?
锛???缁??ｅ?浼?涓?298瀹锛?琛?涓?????绗?浣???

涓???骞村???╂鼎澧??垮??0%-30%???稿???????????涓??磋??革?28.03%锛?
????浜???革?26.73%锛???娴???璇??革?25.29%锛? ???藉??璇??革?22.14%锛?
??绗????涓?锛?18.34%锛?????澶ц??革?13.5%锛? ??棣???璇??革?13.46%锛? ??

姝ゅ? 锛??规?璇??哥?????╂鼎??姣?澧?骞?浠???1.29%
锛?涓??硅储瀵??????涓?瀹跺???╂鼎??姣?涓?婊?????涓???骞村?洪??甯??轰?杩峰????浣ｉ??璐圭???跨?璋??锛?瀵艰?翠??硅储瀵????洪????????℃?垮??
???ㄨ?璐??宠喘璐瑰??璧???璐规?归? 锛?涓??硅储瀵?涓???骞村?洪???????涓?153浜垮??锛???姣?涓???17.83%
锛???璐у??洪???????涓?041浜垮??锛???姣?涓???13.66%??

淇???瑙?妯℃?归? 锛?涓??硅储瀵???璐у?甯??哄?????洪??淇???瑙?妯?2125浜垮??
锛???姣?涓???5.79%锛?????绫诲?洪??淇???瑙?妯?487浜垮?? 锛???姣?涓???2.37% ??????甯??烘??ㄨ?琛?璐圭???归?
锛??ㄥ???????洪?????稿凡缁??ㄤ?璋?璐圭??锛?瀛???浜у??绠＄??璐圭??灏???024骞村??????.2%浠ヤ?
??澶?钩娲?璇??搁???堕?甯???????涓 锛?杩???灏?????涓??硅储瀵???灏句剑?跺?ヤ?婊?
锛?杩?????浣??洪??浠ｉ??涓??℃?跺???

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