???㈡?伴?昏??? |
寤剁画?诲勾?????锛?璇??歌?涓?寮?骞村苟璐?疆??害涓???锛????稿???℃??涔板??甯??哄?村???扳???风??????????扮???
涓??归? 锛????????璇??革?601878.SH锛??惰喘?介?借??革?870488.NQ锛????借??璇??革?601456.SH锛??惰喘姘???璇??稿??婧?环??浜わ??︿??归?锛?涓???稿???℃????????复????浜洪??触????灏村艾?板???
澶???骞惰喘棰???璧?娣变汉澹??ㄥ??璁挎?舵???锛?褰????稿???℃??涔板??甯??衡???风????? ??????瀛??ㄧ?????℃?? ???ц?℃??宸????涓??′?琛ユ?т互???告???????寰????℃????瀹???瑙?瀹?绛?璇稿?娣卞?娆″???? ??
浠?杩??????稿??骞惰喘妗?渚?杩?灞??ョ?? 锛?娴???璇??镐互5704.2涓????讳环绔?寰??介?借???/span>3000涓??℃??????????锛???浜ゅ??浠?/span>1.90??/???璇ヤ环?艰?3??21?ュ?介?借??告?剁??浠?/span>1.70??婧?环11.85%锛?杈?4579.2涓???璧锋??浠锋孩浠?/span>24.57%??
??? 锛?娴???璇??稿??????璁╁?介?借??歌?℃??????浠风害涓?/span>2.57??/?锛??歌?浜??????介?借???/span>1.80??/?$???剁??浠锛?婧?环??瓒?杩?50% ??
???㈡?伴?绘敞??? 锛??稿????浜ゆ???典????????璇?????挎?璇??革?000783.SZ锛? ???借??璇??哥??朵??ц?℃???鸿?绛?妗?渚?锛??????楂?浜???璧?浜ф孩浠锋??浜??
渚?濡?锛????″??借????灞?(????/span>)???????镐互91.05浜垮????楂?浠风?寰?娉?娴锋?ц?℃??????34.71浜胯?℃???璇??歌?℃??????????璧锋??浠蜂负58.65浜垮?? 锛?婧?环??楂?杈?/span>55%锛?????浜や环璁$?锛?姣??℃????2.62??锛?瀵瑰???甯?????杈惧??/span>1.94?? ??
??杩?涓?浼板?兼按骞 锛?涓?浠?杩?瓒?2020骞存???璇??稿??ュ?姹????㈢?涓?娴峰?借??剁??1.19??甯?????锛?涔??捐??楂?浜?缁?澶ч?ㄥ??涓?甯??稿??????????琛?浜哄+?????
涓??稿???ц?℃??浜ゆ????????舰??椴???瀵规????锛?浼?澶?涓???稿???℃???ㄥ苟璐???轰???????? 锛?澶ч??涓???稿???℃??澶?娆℃????杞??锛??惰???充究澶у???浠峰??渚??舵??浜洪??触 ??
浠?骞?span>2??锛?绾㈠?璇??革?601236.SH锛?绗???ぇ?′?????浜т?寮?????璧?????璐d换???告????绾㈠?璇??哥害193.46涓??″?琚??告????? 锛???瀹?璧锋??浠蜂负1441.66涓???锛???涓?浜烘?ュ????姝ゅ???宠?浜轰富?ㄧ?宠??ゅ??浜?杩?绗??℃??????????
????袱娴疯??稿?????ㄨ??歌?????浜??℃??涓?搴︽??? ??2024骞?/span>9??锛?娓ゆ捣璇???/span>1.37浜胯?¤?℃??妗?灏界?璧锋??浠疯?璇?浼颁环??浠蜂???浠???涔板?锛??诲勾5?? 锛????ㄨ??稿??璁$害1.57%???℃??浜?5??22???24?ユ???锛?璧锋??浠峰??璁$害涓?/span>1.18浜垮????瀹???涓?锛??ㄦ?涔??? 锛?杩?绗??℃??宸茬?涓ゆ???????????????
??璧?娣变?浠e?ㄥ??璁挎?惰〃绀锛??规????璇??稿???歌??胯?????稿伐浣???寮?绗?/span>10?枫??瑙?瀹?锛??告???????寰????℃??????瀹?3骞磋??/span>4骞锛?????褰????稿??涓?甯??惧害??澶 锛?瀵艰?翠?涓??烘????涓????夸?杩??
姝ゅ?锛?澶???骞惰喘棰???璧?娣变汉澹??涓锛?褰????稿???ц?℃??婧?环浜???????℃????浠峰?鸿? 锛?????瀛??ㄧ??璇稿?娣卞?娆″???? ??
??骞惰喘FA?烘??璧?娣变汉澹?/span>瀵圭???㈡?伴?昏〃绀锛??稿???ц?℃??涔???浠ュ???????锛?????涓哄??藉?甯︽?ヤ?绯诲????涓哄?????璧?婧? 锛?涓?涔??稿??锛?澶ч????℃??寰?寰?涔?浜洪??触??
???稿???ц?℃?????崇????互???у?澶х??瀹㈡?风兢浣? ??涓??句嚎????绠¤?浜锛?涓轰??℃??灞???渚???瀹????虹?锛??藉?涓哄?版?瑰?????????灏变??轰? 锛?????浜т????㈢??绀句?褰卞??????瀵逛???瀹?????浜т????㈠???版?瑰?借?骞冲?拌??瑷?锛?杩?浜?璧?婧??????锋????澶х???稿???锛????╀?瀹?浠??ㄩ????甯??轰腑杩?涓?姝ユ??灞?涓??$??? 锛????????㈡?翠?瀹???浠ュ???版?规?垮???缁煎??绔?浜??? ????瑙????℃??锛??变??ㄥ???稿?崇?杩?绋?涓??璇????稿?????锛??句互瀵瑰???哥???ュ父杩??ヤ骇??瀹?璐ㄦ?х??褰卞??锛???娉??峰??浠讳?璧?婧?????姝 锛??ㄥ??轰?锛?澶ч????℃??寰?寰?涔?浜洪??触锛?娴????拌薄棰?绻??虹? 锛?杩???褰㈡??浜?褰????稿???℃??浜ゆ??涓??ц?℃??涓????℃???风????????捐??灞??????涓?杩颁汉澹???? ??
浠?涓??℃?归?㈡?ョ??锛???涓???浜哄+璁や负锛??????稿?????︽??琚?苟璐??村????杈?澶т环? 锛?涓?????$?硅?锛?涓????涔版?圭??涓????甯?灞?浜?琛ヨ?藉??????浠?浠ュ?妗?渚??ョ??锛?姘???璇??告??姣?杈?寮虹????琛?涓?? 锛??借??璇??稿?????浜??????ょ???稿??锛?寰?澶??稿?????藉苟娌℃??瑕???杩?涓??哄???? ??
???????板?????绠″??㈠苟涓?榧??遍????浼?涓?涓?甯???澶ц???锛????甯???涓???稿???℃??浠峰?煎?ㄥ???ゆ??ㄦ?ф孩浠峰??绱??? 锛????ョ??瀹?浠蜂?璺???????伴? ??????璧?娣变?浠f?????
璋??板?稿??骞惰喘甯??哄?虹?颁?杩板????锛?瀹?姘告???ヤ?浜ゆ???ㄨ?涓??″??璐㈠?″敖??璋??ュ??浼?浜洪???????ㄥ??璁挎?惰?涓锛?杩???川涓???????琛?涓?"??椋?绉╁?"(Pecking Order)锛??ㄧ兢灞??ㄧ?╀腑瀛??ㄧ??绀句?绛?绾锛?绛?绾ч????ㄧ?╂??杩?椋?浼????? 锛???蹇??朵????
???ㄥ?ュ悍??甯??哄?ㄦ??涓 锛?琛?涓?浼????跺??灞?锛?澶撮?ㄥ?稿???????╂鼎??涓板??????琛???璧?绠′??★??伴?ㄥ?稿????杩??哄??娣辫????缁???棰???涓??挎???′腑灏?浼?涓?锛?灏鹃?ㄦ?烘????渚?璧?????涓??$淮????瀛? ??浣?褰???璧?????虹???姝e?ㄩ??濉?杩?涓?绉╁?????褰?澶撮?ㄥ?稿??寮?濮???涓?浜?澶鸿?伴?ㄥ?稿????瀹㈡?锛??伴?ㄦ?烘??琚?揩杩?涓?姝ユ?ゅ??灏鹃?ㄥ??虹┖?存?锛?灏卞舰??浜??稿????????缁寸?浜????煎???????琛?涓?椹?お??搴???? 锛??????????绉???绯荤?绛??哄??????椤婚??杩?瑙?妯℃????锛?浣垮?灏????稿??????瀛?绌洪?磋???缁???缂??????????琛ㄧず????褰????稿???℃??浼板?煎??灞??拌薄宸茬??剧?帮?澶撮?ㄦ?烘??浜???????婧?环锛??锋???哄???硅?叉??缁???棰???浼??跨???伴?ㄥ?稿?????借?峰????ユ孩浠凤???灏鹃?ㄦ?烘??寰?寰???复??浠蜂氦?? ?? ??
????浠??瀵??板?璺典腑?冲?瀛??ㄤ?绫婚??跺????锛?涓?????″????锛?濡?瀹㈡?疯?婧??村?? ??浜т??句?琛ワ?锛?浜??????ュ????锛?濉?ˉ???х┖?芥???哄??甯?灞?锛? 锛?涓???储?″????锛?????浼???????璧???????浣?锛???杩?浜????т环?奸??瑕???杩?娣卞害灏借????藉???????????
??????琛ㄧず锛??ㄥ?借?璧????ヤ富?稿???锛?涔?浼?缁煎????????绉??借??规??????????搴? 锛???涓哄?借?骞冲?板?锋?????圭??浠峰?煎????璺?? ??????浠?父?界???颁袱涓?淮搴︾??浠峰?奸????锛?棣???????杩?????琛?+??璧?????杞?┍?锛?灏??版?规?垮?浜т??洪??涓????????哥??IPO?ㄥ?椤圭??舰????????????舵???????哄??缁?娴??硅?锛??ㄩ????煎??疯储瀵?绠$????涓?绮剧?规?颁?涓?涓?甯????$?棰?????寤烘?ゅ??娌??杩?浜??规???????搴?寰?寰??藉?ㄤ氦????浜х??1+1>2?????ユ?剁??????