»ù½ð¹ÜÀíÈË£ºÅµ°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË£ºÖйú¹¤ÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾
ËͳöÈÕÆÚ£º2018 Äê 3 Ô 29 ÈÕ
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 2 Ò³ ¹² 69 Ò³
¡ì1 ÖØÒªÌáʾ¼°Ä¿Â¼
1.1 ÖØÒªÌáʾ
»ù½ð¹ÜÀíÈ˵ĶÊ»ᡢ¶Ê±£Ö¤±¾±¨¸æËùÔØ×ÊÁϲ»´æÔÚÐé¼Ù¼ÇÔØ¡¢Îóµ¼ÐÔ³ÂÊö»òÖØ´óÒÅ©£¬
²¢¶ÔÆäÄÚÈݵÄÕæʵÐÔ¡¢×¼È·ÐÔºÍÍêÕûÐԳе£¸ö±ð¼°Á¬´øµÄ·¨ÂÉÔðÈΡ£±¾Äê¶È±¨¸æÒѾÈý·ÖÖ®¶þÒÔ
É϶ÀÁ¢¶ÊÂÇ©×ÖͬÒ⣬²¢Óɶʳ¤Ç©·¢¡£
»ù½ðÍйÜÈËÖйú¹¤ÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾¸ù¾Ý±¾»ù½ðºÏͬ¹æ¶¨£¬ÓÚ 2018 Äê 3 Ô 28 ÈÕ¸´ºËÁ˱¾
±¨¸æÖеIJÆÎñÖ¸±ê¡¢¾»Öµ±íÏÖ¡¢ÀûÈó·ÖÅäÇé¿ö¡¢²ÆÎñ»á¼Æ±¨¸æ¡¢Í¶×Ê×éºÏ±¨¸æµÈÄÚÈÝ£¬±£Ö¤¸´ºË
ÄÚÈݲ»´æÔÚÐé¼Ù¼ÇÔØ¡¢Îóµ¼ÐÔ³ÂÊö»òÕßÖØ´óÒÅ©¡£
»ù½ð¹ÜÀíÈ˳ÐŵÒÔ³ÏʵÐÅÓá¢ÇÚÃ㾡ÔðµÄÔÔò¹ÜÀíºÍÔËÓûù½ð×ʲú£¬µ«²»±£Ö¤»ù½ðÒ»¶¨Ó¯Àû¡£
»ù½ðµÄ¹ýÍùÒµ¼¨²¢²»´ú±íÆäδÀ´±íÏÖ¡£Í¶×ÊÓзçÏÕ£¬Í¶×ÊÕßÔÚ×÷³öͶ×ʾö²ßÇ°Ó¦×ÐϸÔĶÁ±¾
»ù½ðµÄÕÐļ˵Ã÷Êé¼°Æä¸üС£
±¾±¨¸æ²ÆÎñ×ÊÁÏÒѾÉó¼Æ£¬±ÏÂíÍþ»ªÕñ»á¼ÆʦÊÂÎñËù£¨ÌØÊâÆÕͨºÏ»ï£©Îª±¾»ù½ð³ö¾ßÁË 2017
Äê¶ÈÎÞ±£ÁôÒâ¼ûµÄÉó¼Æ±¨¸æ£¬ÇëͶ×ÊÕß×¢ÒâÔĶÁ¡£
±¾±¨¸æÆÚ×Ô 2017Äê 1 Ô 1ÈÕÆðÖÁ 12Ô 31ÈÕÖ¹¡£
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 3 Ò³ ¹² 69 Ò³
1.2 Ŀ¼
¡ì1 ÖØÒªÌáʾ¼°Ä¿Â¼ ................................................................................................................................. 2
1.1 ÖØÒªÌáʾ ...................................................................................................................................... 2
1.2 Ŀ¼ .............................................................................................................................................. 3
¡ì2 »ù½ð¼ò½é ............................................................................................................................................... 5
2.1 »ù½ð»ù±¾Çé¿ö .............................................................................................................................. 5
2.2 »ù½ð²úƷ˵Ã÷ .............................................................................................................................. 5
2.3 »ù½ð¹ÜÀíÈ˺ͻù½ðÍйÜÈË .......................................................................................................... 7
2.4 ÐÅÏ¢Åû¶·½Ê½ .............................................................................................................................. 7
2.5 ÆäËûÏà¹Ø×ÊÁÏ .............................................................................................................................. 7
¡ì3 Ö÷Òª²ÆÎñÖ¸±ê¡¢»ù½ð¾»Öµ±íÏÖ¼°ÀûÈó·ÖÅäÇé¿ö ............................................................................. 8
3.1 Ö÷Òª»á¼ÆÊý¾ÝºÍ²ÆÎñÖ¸±ê .......................................................................................................... 8
3.2 »ù½ð¾»Öµ±íÏÖ .............................................................................................................................. 9
3.3 ¹ýÈ¥ÈýÄê»ù½ðµÄÀûÈó·ÖÅäÇé¿ö ................................................................................................ 12
¡ì4 ¹ÜÀíÈ˱¨¸æ ......................................................................................................................................... 13
4.1 »ù½ð¹ÜÀíÈ˼°»ù½ð¾ÀíÇé¿ö .................................................................................................... 13
4.2 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðÔË×÷×ñ¹æÊØÐÅÇé¿öµÄ˵Ã÷ ............................................................ 14
4.3 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ¹«Æ½½»Ò×Çé¿öµÄרÏî˵Ã÷ ........................................................................ 14
4.4 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðµÄͶ×ʲßÂÔºÍÒµ¼¨±íÏÖµÄ˵Ã÷ ........................................................ 15
4.5 ¹ÜÀíÈ˶Ժê¹Û¾¼Ã¡¢Ö¤È¯Êг¡¼°ÐÐÒµ×ßÊƵļòÒªÕ¹Íû ........................................................ 16
4.6 ¹ÜÀíÈËÄÚ²¿Óйر¾»ù½ðµÄ¼à²ì»üºË¹¤×÷Çé¿ö ........................................................................ 16
4.7 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ð¹ÀÖµ³ÌÐòµÈÊÂÏîµÄ˵Ã÷ .................................................................... 17
4.8 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðÀûÈó·ÖÅäÇé¿öµÄ˵Ã÷ ........................................................................ 18
4.9 ±¨¸æÆÚÄÚ¹ÜÀíÈ˶Ա¾»ù½ð³ÖÓÐÈËÊý»ò»ù½ð×ʲú¾»ÖµÔ¤¾¯ÇéÐεÄ˵Ã÷ ................................ 18
¡ì5 ÍйÜÈ˱¨¸æ ......................................................................................................................................... 19
5.1 ±¨¸æÆÚÄÚ±¾»ù½ðÍйÜÈË×ñ¹æÊØÐÅÇé¿öÉùÃ÷ ............................................................................ 19
5.2 ÍйÜÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðͶ×ÊÔË×÷×ñ¹æÊØÐÅ¡¢¾»Öµ¼ÆËã¡¢ÀûÈó·ÖÅäµÈÇé¿öµÄ˵Ã÷ ........ 19
5.3 ÍйÜÈ˶Ա¾Äê¶È±¨¸æÖвÆÎñÐÅÏ¢µÈÄÚÈݵÄÕæʵ¡¢×¼È·ºÍÍêÕû·¢±íÒâ¼û ............................ 19
¡ì6 Éó¼Æ±¨¸æ ............................................................................................................................................. 20
6.1 Éó¼Æ±¨¸æ»ù±¾ÐÅÏ¢ .................................................................................................................... 20
6.2 Éó¼Æ±¨¸æµÄ»ù±¾ÄÚÈÝ ................................................................................................................ 20
¡ì7 Äê¶È²ÆÎñ±¨±í ..................................................................................................................................... 23
7.1 ×ʲú¸ºÕ®±í ................................................................................................................................ 23
7.2 ÀûÈó±í ........................................................................................................................................ 24
7.3 ËùÓÐÕßȨÒ棨»ù½ð¾»Öµ£©±ä¶¯±í ............................................................................................ 25
7.4 ±¨±í¸½×¢ .................................................................................................................................... 26
¡ì8 Ͷ×Ê×éºÏ±¨¸æ ..................................................................................................................................... 52
8.1 ÆÚÄ©»ù½ð×ʲú×éºÏÇé¿ö ............................................................................................................ 52
8.2 ÆÚÄ©°´ÐÐÒµ·ÖÀàµÄ¹ÉƱͶ×Ê×éºÏ ............................................................................................ 52
8.3 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄËùÓйÉƱͶ×ÊÃ÷ϸ ................................ 53
8.4 ±¨¸æÆÚÄÚ¹ÉƱͶ×Ê×éºÏµÄÖØ´ó±ä¶¯ ........................................................................................ 55
8.5 ÆÚÄ©°´Õ®È¯Æ·ÖÖ·ÖÀàµÄծȯͶ×Ê×éºÏ .................................................................................... 57
8.6 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃûծȯͶ×ÊÃ÷ϸ ............................ 57
8.7 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄËùÓÐ×ʲúÖ§³Ö֤ȯͶ×ÊÃ÷ϸ ................ 57
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 4 Ò³ ¹² 69 Ò³
8.8 ±¨¸æÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃû¹ó½ðÊôͶ×ÊÃ÷ϸ ................ 57
8.9 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃûȨ֤Ͷ×ÊÃ÷ϸ ............................ 57
8.10 ±¨¸æÆÚÄ©±¾»ù½ðͶ×ʵĹÉÖ¸ÆÚ»õ½»Ò×Çé¿ö˵Ã÷ .................................................................. 57
8.11 ±¨¸æÆÚÄ©±¾»ù½ðͶ×ʵĹúÕ®ÆÚ»õ½»Ò×Çé¿ö˵Ã÷ .................................................................. 58
8.12 Ͷ×Ê×éºÏ±¨¸æ¸½×¢ .................................................................................................................. 58
¡ì9 »ù½ð·Ý¶î³ÖÓÐÈËÐÅÏ¢ ....................................................................................................................... 61
9.1 ÆÚÄ©»ù½ð·Ý¶î³ÖÓÐÈË»§Êý¼°³ÖÓÐÈ˽ṹ ................................................................................ 61
9.2 ÆÚÄ©»ù½ð¹ÜÀíÈ˵ĴÓÒµÈËÔ±³ÖÓб¾»ù½ðµÄÇé¿ö .................................................................... 61
9.3 ÆÚÄ©»ù½ð¹ÜÀíÈ˵ĴÓÒµÈËÔ±³ÖÓб¾¿ª·Åʽ»ù½ð·Ý¶î×ÜÁ¿Çø¼äµÄÇé¿ö ................................ 61
¡ì10 ¿ª·Åʽ»ù½ð·Ý¶î±ä¶¯ ..................................................................................................................... 62
¡ì11 ÖØ´óʼþ½Òʾ ................................................................................................................................. 63
11.1 »ù½ð·Ý¶î³ÖÓÐÈË´ó»á¾öÒé ...................................................................................................... 63
11.2 »ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˵ÄרÃÅ»ù½ðÍйܲ¿ÃŵÄÖØ´óÈËʱ䶯 ...................................... 63
11.3 Éæ¼°»ù½ð¹ÜÀíÈË¡¢»ù½ð²Æ²ú¡¢»ù½ðÍйÜÒµÎñµÄËßËÏ .......................................................... 63
11.4 »ù½ðͶ×ʲßÂԵĸıä .............................................................................................................. 63
11.5 Ϊ»ù½ð½øÐÐÉó¼ÆµÄ»á¼ÆʦÊÂÎñËùÇé¿ö .................................................................................. 63
11.6 ¹ÜÀíÈË¡¢ÍйÜÈ˼°Æä¸ß¼¶¹ÜÀíÈËÔ±ÊÜ»ü²é»ò´¦·£µÈÇé¿ö .................................................. 63
11.7 »ù½ð×âÓÃ֤ȯ¹«Ë¾½»Ò×µ¥ÔªµÄÓйØÇé¿ö .............................................................................. 63
11.8 ÆäËûÖØ´óʼþ .......................................................................................................................... 64
¡ì12 Ó°ÏìͶ×ÊÕß¾ö²ßµÄÆäËûÖØÒªÐÅÏ¢ ................................................................................................... 68
12.1 ±¨¸æÆÚÄÚµ¥Ò»Í¶×ÊÕß³ÖÓлù½ð·Ý¶î±ÈÀý´ïµ½»ò³¬¹ý 20%µÄÇé¿ö ...................................... 68
12.2 Ó°ÏìͶ×ÊÕß¾ö²ßµÄÆäËûÖØÒªÐÅÏ¢ .......................................................................................... 68
¡ì13 ±¸²éÎļþĿ¼ ................................................................................................................................... 69
13.1 ±¸²éÎļþĿ¼ .......................................................................................................................... 69
13.2 ´æ·ÅµØµã .................................................................................................................................. 69
13.3 ²éÔÄ·½Ê½ .................................................................................................................................. 69
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 5 Ò³ ¹² 69 Ò³
¡ì2 »ù½ð¼ò½é
2.1 »ù½ð»ù±¾Çé¿ö
»ù½ðÃû³Æ ŵ°²´´ÐÂÇý¶¯Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð
»ù½ð¼ò³Æ ŵ°²´´ÐÂÇý¶¯»ìºÏ
»ù½ðÖ÷´úÂë 001411
»ù½ðÔË×÷·½Ê½ ÆõÔ¼ÐÍ¿ª·Åʽ
»ù½ðºÏͬÉúЧÈÕ 2015Äê 6Ô 18ÈÕ
»ù½ð¹ÜÀíÈË Åµ°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË Öйú¹¤ÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾
±¨¸æÆÚÄ©»ù½ð·Ý¶î×ܶî 819,123,518.08 ·Ý
»ù½ðºÏͬ´æÐøÆÚ ²»¶¨ÆÚ
ÏÂÊô·Ö¼¶»ù½ðµÄ»ù½ð¼ò³Æ£º ŵ°²´´ÐÂÇý¶¯»ìºÏ A ŵ°²´´ÐÂÇý¶¯»ìºÏ C
ÏÂÊô·Ö¼¶»ù½ðµÄ½»Ò×´úÂ룺 001411 002051
±¨¸æÆÚÄ©ÏÂÊô·Ö¼¶»ù½ðµÄ·Ý¶î×ܶî 103,695,993.33 ·Ý 715,427,524.75 ·Ý
2.2 »ù½ð²úƷ˵Ã÷
Ͷ×ÊÄ¿±ê ±¾»ù½ð²ÉÈ¡´óÀà×ʲúÅäÖòßÂÔ£¬ÔÚÑϸñ¿ØÖÆ·çÏÕµÄÇ°ÌáÏ£¬×·Çó³¬Ô½Òµ¼¨±È½Ï
»ù×¼µÄͶ×ʻر¨ºÍ»ù½ð×ʲúµÄ³¤ÆÚÎȽ¡ÔöÖµ¡£
Ͷ×ʲßÂÔ 1¡¢×ʲúÅäÖòßÂÔ
±¾»ù½ð½«²ÉÈ¡Õ½ÂÔÐÔ×ʲúÅäÖúÍÕ½ÊõÐÔ×ʲúÅäÖÃÏà½áºÏµÄ×ʲúÅäÖòßÂÔ£¬¸ù¾Ý
ºê¹Û¾¼ÃÔËÐÐ̬ÊÆ¡¢Õþ²ß±ä»¯¡¢Êг¡»·¾³µÄ±ä»¯£¬ÔÚ³¤ÆÚ×ʲúÅäÖñ£³ÖÎȶ¨µÄ
Ç°ÌáÏ£¬»ý¼«½øÐжÌÆÚ×ʲúÁé»îÅäÖã¬Á¦Í¼Í¨¹ýʱ»úÑ¡Ôñ¹¹½¨ÔÚ³ÐÊÜÒ»¶¨·çÏÕ
Ç°ÌáÏ»ñÈ¡½Ï¸ßÊÕÒæµÄ×ʲú×éºÏ¡£
±¾»ù½ðʵʩ´óÀà×ʲúÅäÖòßÂÔ¹ý³ÌÖл¹½«¸ù¾Ý¸÷Àà֤ȯµÄ·çÏÕÊÕÒæÌØÕ÷µÄÏà
¶Ô±ä»¯£¬¶¯Ì¬ÓÅ»¯Í¶×Ê×éºÏ£¬ÒÔ¹æ±Ü»ò¿ØÖÆÊг¡·çÏÕ£¬Ìá¸ß»ù½ðÊÕÒæÂÊ¡£
2¡¢¹ÉƱͶ×ʲßÂÔ
£¨1£©´´ÐÂÇý¶¯ÐÍÏà¹ØÖ÷ÌâÉÏÊй«Ë¾µÄ½ç¶¨
´´ÐÂÐÍÏà¹ØÆóÒµÊÇÖ¸ÓµÓÐ×ÔÖ÷֪ʶ²úȨµÄºËÐļ¼Êõ¡¢ÖªÃûÆ·ÅÆ£¬¾ßÓÐÁ¼ºÃµÄ´´
йÜÀíºÍÎÄ»¯£¬ÕûÌå¼¼ÊõˮƽÔÚͬÐÐÒµ¾ÓÓÚÏȽøµØ룬ÔÚÊг¡¾ºÕùÖоßÓÐÓÅÊÆ
ºÍ³ÖÐø·¢Õ¹ÄÜÁ¦µÄÆóÒµ¡£´´ÐÂÇý¶¯Ð͹«Ë¾¿ÉÒÔ¼òµ¥µÄÀí½âΪ´«Í³ÐÐÒµÔÚ¼¼Êõ¡¢
Æ·ÅÆ¡¢¹ÜÀíÎÄ»¯µÈ·½ÃæÍùÐÂÐËÐÐÒµ¡¢³¯ÑôÐÐҵתÐ͵Ĺ«Ë¾£¬Ò²¿ÉÒÔÊDz¿·ÖÐÂÐË
ÐÐÒµÀ๫˾ÔÚÔÓм¼Êõ¡¢ÎÄ»¯µÄ»ù´¡ÉϽøÒ»²½µÄÍ»ÆÆ¡£
´´ÐÂÇý¶¯ÐÍÆóÒµÍùÍù¾ß±¸Ò»¶¨µÄÌØÕ÷£ºÈçÒÔÑо¿¿ª·¢ÎªÆóÒµµÄºËÐÄÖ°ÄÜÖ®Ò»£»
¼¯Ñз¢¡¢Éú²ú¡¢ÏúÊÛÈýλһÌ壻½ÏÔçÇÒ¸»ÓÚÏëÏóµØÈ·¶¨Ò»¸öDZÔÚÊг¡£»¹ØעDZ
ÔÚÊг¡£¬Å¬Á¦ÅàÑø¡¢°ïÖúÓû§£»ÓÐןßЧµÄе÷Ñо¿Ó뿪·¢¡¢Éú²úºÍÏúÊÛµÄÆó
Òµ¼Ò¾«Éñ£»Óë¿Í»§ºÍ±£³ÖÃÜÇÐÁªÏµ£¬½ôÇÒÊг¡ÐèÇó£»½áºÏ¹ú¼ÒÐÂÐË·¢Õ¹Õ½ÂÔ¡¢
ÍØÕ¹²úÒµ²¼¾Ö£»Í¨¹ýÍâÑÓ»òÄÚ²¿¼¤Àø£¬ÊµÏÖЧÂʵÄÌá¸ßµÈµÈ¡£
·ûºÏÉÏÊöÌØÕ÷µÄÆóÒµ£¬ÎÒÃÇ¿ÉÒÔ¿´³ÉÊÇ´´ÐÂÇý¶¯ÐÍÆóÒµ¡£´´ÐÂÇý¶¯ÐÍÆóÒµ´ó¶à
·Ö²¼Ôڸ߿Ƽ¼ÐÐÒµ¡¢Ïû·ÑÆ·ÐÐÒµ¡¢ÖªÊ¶Ãܼ¯ÐÍ·þÎñ»ò¹ú¼ÒÕþ²ß³«µ¼µÄÐÂÐÐÒµ£º
ÈçÐÂÄÜÔ´Æû³µ¡¢¹¤Òµ»úÆ÷ÈË¡¢ÖÇÄܽ¨ÖþµÈ¡£´´ÐÂÇý¶¯ÐÍÆóÒµÊÇÒ»¸ö¹ú¼Ò×îÓлî
Á¦µÄÆóÒµ£¬Ó¦¸Ã³ÉΪÕþ¸®Öصã·öÖ²µÄ¶ÔÏó£¬Ò²ÊDZ¾»ù½ðδÀ´ÖصãµÄͶ×ʶÔÏó¡£
£¨2£©¹«Ë¾»ù±¾ÃæÆÀ¼Û
ÔÚ´´ÐÂÇý¶¯Ð͹«Ë¾ÖУ¬±¾»ù½ð½«ÖصãͶ×ÊÓÚÂú×ã»ù½ð¹ÜÀíÈËÒÔÏ·ÖÎö±ê×¼µÄ¹«
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 6 Ò³ ¹² 69 Ò³
˾¡£
1£©¹«Ë¾Ëù´¦ÐÐÒµÊг¡¿Õ¼äÏà¶ÔÓÚ¹«Ë¾Ä¿Ç°ÊÕÈëÌåÁ¿×ã¹»´ó
±¾»ù½ðÖ÷Ҫͨ¹ýÐÐÒµÊý¾ÝÒÔ¼°¹«Ë¾Åû¶µÈÐÅÏ¢£¬¶Ô¹«Ë¾Ëù´¦ÐÐҵδÀ´µÄÊг¡ÈÝ
Á¿Åжϣ¬ÖصãͶ×ÊÓÚÐÐÒµ´¦ÓÚÀ¶º£½×¶ÎµÄ¹«Ë¾¡£µ«Ôں캣ÀàÐÐÒµÀÈ繫˾¾ß
±¸Ïà¹ØÓÅÊÆÇÒÓÐ×ã¹»ÄÜÁ¦ÇÀÕ¼¾ºÕù¶ÔÊַݶîµÄ£¬Ò²ÊDZ¾»ù½ðͶ×ʵķ½Ïò¡£
2£©¹«Ë¾ËùÔÚÐÐÒµ¾°Æø¶È½Ï¸ß£¬×îºÃ¾ß±¸Ò»¶¨µÄÕþ²ß·ö³Ö
±¾»ù½ðÖ÷Ҫͨ¹ýÃÜÇйØ×¢¹ú¼ÒÏà¹Ø²úÒµÕþ²ß¡¢¹æ»®¶¯Ì¬£¬Í¬Ê±ÉîÈë½øÐÐÉÏ¡¢ÏÂ
ÓβúÒµÁ´µ÷ÑУ¬ÊÊʱ¶Ô¸÷ÐÐÒµ¾°Æø¶È±ä»¯Çé¿ö½øÐÐÑÐÅУ¬ÖصãͶ×ÊÓÚÐÐÒµ¾°Æø
¶È½Ï¸ßÇÒ¡¢ÓÐÕþ²ßÖ§³Ö¡¢Î´À´³É³¤¾ßÓпɳÖÐøÐԵĹ«Ë¾¡£
3£©¹«Ë¾ËùÔÚÐÐÒµ¾ºÕù¸ñ¾ÖÁ¼ºÃ£¬ÓоºÕùÓÅÊÆ
±¾»ù½ðÖ÷Ҫͨ¹ýÃÜÇиú×ÙÐÐÒµ¼¯Öжȡ¢ÐÐÒµÄÚÖ÷Òª¾ºÕù¶ÔÊÖ²ßÂÔ¼°¸÷¹«Ë¾²úÆ·
£¨»ò·þÎñ£©µÄÊг¡·Ý¶î¡¢ÒÔ¼°¹«Ë¾×ÔÉíµÄ¾ºÕùÓÅÊÆ£¬ÅжϹ«Ë¾Ëù´¦ÐÐÒµ¸ñ¾Ö£¬
ÖصãͶ×ÊÓÚ´¦ÓÚÐÐÒµÁúÍ·µØλ»ò¾ß±¸³ÉΪÁúͷDZÁ¦µÄÓÅÊƹ«Ë¾¡£
4£©¹«Ë¾×ÔÉí¾ß±¸Ò»¶¨µÄ±ÚÀÝ»òÕßÓÅÊÆ
ͨ¹ýÃÜÇиú×Ù¡¢µ÷ÑÐÏà¹Ø¹«Ë¾ÒÔ¼°¾ºÕù¶ÔÊÖ£¬Á˽⹫˾ÔÚ¼¼Êõ¡¢¹ÜÀí¡¢ÏúÊÛ¡¢
×ʽðµÈ·½ÃæÊÇ·ñÓжÔÊÖ²»¿É¸´ÖƵıÚÀÝ£¬ÒÔ¸ÃÌصã³ö·¢ÆÀ¹À¹«Ë¾µÄ¾ºÕùÁ¦ÒÔ¼°
³¤Æڳɳ¤ÐÔ£¬¶Ô¾ß±¸±ÚÀݵĹ«Ë¾»á¸øÓèÖصãͶ×Ê¡£
5£©¹«Ë¾¹ÜÀí²ãËØÖʽϸß
Ñ¡Ôñ¹ÜÀí²ãËØÖʽϸߵĹ«Ë¾£¬Èç¸ß¹Ü¹ÜÀíÍŶӾ߱¸½ÏÇ¿µÄÑз¢ÄÜÁ¦»òÕßÓªÏúÄÜ
Á¦£»¹«Ë¾Òѽ¨Á¢ÆðÍêÉƵķ¨ÈËÖÎÀí½á¹¹£»¼¤ÀøÓëÀûÒæ·ÖÅä»úÖÆÉèÖúÏÀí£»¹«Ë¾
³¤ÆÚÔ¸¾°ÇåÎú£»ÆóÒµÎÄ»¯»ý¼«ÏòÉÏ£¬¾ß±¸´óµÄÀ¶Í¼ºÍ·¢Õ¹Õ½ÂÔ¡£
£¨3£©¹Àֵˮƽ·ÖÎö
±¾»ù½ð½«¸ù¾ÝÉÏÊй«Ë¾µÄÐÐÒµÌØÐÔ¼°¹«Ë¾±¾ÉíµÄÌص㣬ѡÔñºÏÊʵĹÉƱ¹ÀÖµ·½
·¨¡£¿É¹©Ñ¡ÔñµÄ¹ÀÖµ·½·¨°üÀ¨ÊÐÓ¯ÂÊ·¨£¨P/E£©¡¢Êо»ÂÊ·¨£¨P/B£©¡¢ÊÐÓ¯ÂÊ£
³¤Æڳɳ¤·¨£¨PEG£©¡¢ÆóÒµ¼ÛÖµ/ÏúÊÛÊÕÈë(EV/SALES)¡¢ÆóÒµ¼ÛÖµ/Ϣ˰ÕÛ¾É̯
ÏúÇ°ÀûÈ󷨣¨EV/EBITDA£©¡¢×ÔÓÉÏÖ½ðÁ÷ÌùÏÖÄ£ÐÍ£¨FCFF£¬FCFE£©»ò¹ÉÀûÌùÏÖ
Ä£ÐÍ£¨DDM£©µÈ¡£
ͨ¹ý¹Àֵˮƽ·ÖÎö£¬»ù½ð¹ÜÀíÈËÁ¦Õù·¢¾ò³ö¼ÛÖµ±»µÍ¹À»ò¹ÀÖµºÏÀíµÄ¹ÉƱ¡£
£¨4£©¹ÉƱ×éºÏµÄ¹¹½¨Óëµ÷Õû
ÔÚ¹ÀÖµ·ÖÎöµÄ»ù´¡ÉÏ£¬±¾»ù½ð½«½¨Á¢Í¶×Ê×éºÏ¡£µ±ÐÐÒµ»ò¹«Ë¾µÄ»ù±¾Ãæ¡¢¹ÉƱ
µÄ¹Àֵˮƽ³öÏֽϴó±ä»¯Ê±£¬±¾»ù½ð½«¶Ô¹ÉƱ×éºÏÊÊʱ½øÐе÷Õû¡£
3¡¢Õ®È¯Í¶×ʲßÂÔ·½Ã棬±¾»ù½ðµÄծȯͶ×ʲ¿·Ö²ÉÓûý¼«¹ÜÀíµÄͶ×ʲßÂÔ£¬¾ß
Ìå°üÀ¨ÀûÂÊÔ¤²â²ßÂÔ¡¢ÊÕÒæÂÊÇúÏßÔ¤²â²ßÂÔ¡¢Òç¼Û·ÖÎö²ßÂÔÒÔ¼°¸öȯ¹ÀÖµ²ßÂÔ¡£
4¡¢È¨Ö¤Í¶×ʲßÂÔ·½Ã棬±¾»ù½ð½«Ö÷ÒªÔËÓüÛÖµ·¢ÏÖ²ßÂÔºÍÌ×Àû½»ÒײßÂԵȡ£
×÷Ϊ¸¨ÖúÐÔͶ×ʹ¤¾ß£¬ÎÒÃǽ«½áºÏ×ÔÉí×ʲú×´¿öÉóÉ÷Ͷ×Ê£¬Á¦Í¼»ñµÃ×î¼Ñ·çÏÕ
µ÷ÕûÊÕÒæ¡£
5¡¢¹ÉÖ¸ÆÚ»õͶ×ʲßÂÔ
±¾»ù½ðÔÚ¹ÉÖ¸ÆÚ»õͶ×ÊÖн«ÒÔ¿ØÖÆ·çÏÕΪÔÔò£¬ÒÔÌ×ÆÚ±£ÖµÎªÄ¿µÄ£¬±¾×Ž÷É÷
µÄÔÔò£¬²ÎÓë¹ÉÖ¸ÆÚ»õµÄͶ×Ê,²¢°´ÕÕÖйú½ðÈÚÆÚ»õ½»Ò×ËùÌ×ÆÚ±£Öµ¹ÜÀíµÄÓÐ
¹Ø¹æ¶¨Ö´ÐС£
ÔÚÔ¤ÅÐÊг¡·çÏսϴóʱ,Ó¦ÓùÉÖ¸ÆÚ»õ¶Ô³å²ßÂÔ£¬¼´ÔÚ±£ÓйÉƱͷ´ç²»±äµÄÇé
¿öÏ»òÕßÖð²½½µµÍ¹ÉƱ²Öλºó£¬ÔÚÃæÁÙÊг¡ÏµøʱÔñ»úÂô³ö¹ÉÖ¸ÆÚ»õºÏÔ¼½øÐÐ
Ì×ÆÚ±£Öµ£¬µ±¹ÉÊкÃת֮ºóÔÙ½«ÆÚÖ¸ºÏÔ¼¿Õµ¥Æ½²Ö¡£
6¡¢×ʲúÖ§³Ö֤ȯͶ×ʲßÂÔ
±¾»ù½ð½«ÔÚ¹úÄÚ×ʲú֤ȯ»¯²úÆ·¾ßÌåÕþ²ß¿ò¼ÜÏ£¬Í¨¹ý¶Ô×ʲú³Ø½á¹¹ºÍÖÊÁ¿µÄ
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 7 Ò³ ¹² 69 Ò³
¸ú×Ù¿¼²ì¡¢·ÖÎö×ʲúÖ§³Ö֤ȯµÄ·¢ÐÐÌõ¿î¡¢Ô¤¹ÀÌáÇ°³¥»¹Âʱ仯¶Ô×ʲúÖ§³ÖÖ¤
ȯδÀ´ÏÖ½ðÁ÷µÄÓ°Ï죬³ä·Ö¿¼ÂǸÃͶ×ÊÆ·ÖֵķçÏÕ²¹³¥ÊÕÒæºÍÊг¡Á÷¶¯ÐÔ£¬½÷
É÷Ͷ×Ê×ʲúÖ§³Ö֤ȯ¡£±¾»ù½ð½«Ñϸñ¿ØÖÆ×ʲúÖ§³Ö֤ȯµÄ×ÜÌåͶ×ʹæÄ£²¢½øÐÐ
·ÖɢͶ×Ê£¬ÒÔ½µµÍÁ÷¶¯ÐÔ·çÏÕ¡£
δÀ´£¬¸ù¾ÝÊг¡Çé¿ö£¬»ù½ð¿ÉÏàÓ¦µ÷ÕûºÍ¸üÐÂÏà¹ØͶ×ʲßÂÔ£¬²¢ÔÚÕÐļ˵Ã÷Êé
¸üÐÂÖй«¸æ¡£
Òµ¼¨±È½Ï»ù×¼ ±¾»ù½ðµÄÒµ¼¨±È½Ï»ù׼Ϊ»¦Éî 300 Ö¸ÊýÓëÖÐ֤ȫծָÊýµÄ»ìºÏÖ¸Êý£¬¼´£º»¦Éî
300Ö¸ÊýÊÕÒæÂÊ¡Á60%+ÖÐ֤ȫծָÊýÊÕÒæÂÊ¡Á40%
·çÏÕÊÕÒæÌØÕ÷ ±¾»ù½ðÊôÓÚ»ìºÏÐÍ»ù½ð£¬Ô¤ÆÚ·çÏÕÓëÊÕÒæµÍÓÚ¹ÉƱÐÍ»ù½ð£¬¸ßÓÚծȯÐÍ»ù½ðÓë
»õ±ÒÊг¡»ù½ð£¬ÊôÓÚÖи߷çÏÕ¡¢ÖиßÊÕÒæµÄ»ù½ðÆ·ÖÖ¡£
2.3 »ù½ð¹ÜÀíÈ˺ͻù½ðÍйÜÈË
ÏîÄ¿ »ù½ð¹ÜÀíÈË »ù½ðÍйÜÈË
Ãû³Æ ŵ°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾ Öйú¹¤ÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾
ÐÅÏ¢Åû¶¸ºÔðÈË
ÐÕÃû Âíºê ¹ùÃ÷
ÁªÏµµç»° 0755-83026688 (010)66105799
µç×ÓÓÊÏä info@lionfund.com.cn custody@icbc.com.cn
¿Í»§·þÎñµç»° 400-888-8998 95588
´«Õæ 0755-83026677 (010)66105798
×¢²áµØÖ· ÉîÛÚÊÐÉîÄÏ´óµÀ 4013 ºÅÐË
ÒµÒøÐдóÏà 19-20²ã
±±¾©ÊÐÎ÷³ÇÇø¸´ÐËÃÅÄÚ´ó½Ö 55
ºÅ
°ì¹«µØÖ· ÉîÛÚÊÐÉîÄÏ´óµÀ 4013 ºÅÐË
ÒµÒøÐдóÏà 19-20²ã
±±¾©ÊÐÎ÷³ÇÇø¸´ÐËÃÅÄÚ´ó½Ö 55
ºÅ
ÓÊÕþ±àÂë 518048 100140
·¨¶¨´ú±íÈË ÇØάÖÛ Ò×»áÂú
2.4 ÐÅÏ¢Åû¶·½Ê½
±¾»ù½ðÑ¡¶¨µÄÐÅÏ¢Åû¶±¨Ö½Ãû³Æ ¡¶Öйú֤ȯ±¨¡·¡¢¡¶Ö¤È¯Ê±±¨¡·
µÇÔØ»ù½ðÄê¶È±¨¸æÕýÎĵĹÜÀíÈË»¥ÁªÍøÍø
Ö·
www.lionfund.com.cn
»ù½ðÄê¶È±¨¸æ±¸Öõصã ÉîÛÚÊÐÉîÄÏ´óµÀ4013ºÅÐËÒµÒøÐдóÏÃ19-20²ãŵ°²
»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
2.5 ÆäËûÏà¹Ø×ÊÁÏ
ÏîÄ¿ Ãû³Æ °ì¹«µØÖ·
»á¼ÆʦÊÂÎñËù ±ÏÂíÍþ»ªÕñ»á¼ÆʦÊÂÎñËù£¨ÌØÊâÆÕ
ͨºÏ»ï£©
±±¾©Êж«³¤°²½Ö 1ºÅ¶«·½¹ã³¡±ÏÂí
Íþ´óÂ¥ 8²ã
×¢²áµÇ¼Ç»ú¹¹
ŵ°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
ÉîÛÚÊÐÉîÄÏ´óµÀ 4013ºÅÐËÒµÒøÐдó
Ïà 19-20²ã
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 8 Ò³ ¹² 69 Ò³
¡ì3 Ö÷Òª²ÆÎñÖ¸±ê¡¢»ù½ð¾»Öµ±íÏÖ¼°ÀûÈó·ÖÅäÇé¿ö
3.1 Ö÷Òª»á¼ÆÊý¾ÝºÍ²ÆÎñÖ¸±ê
½ð¶îµ¥Î»£ºÈËÃñ±ÒÔª
3.1.1
ÆÚ¼ä
Êý¾Ý
ºÍÖ¸
±ê
2017 Äê 2016 Äê
2015 Äê 6 Ô 18 ÈÕ(»ù½ðºÏͬÉúЧ
ÈÕ)-2015 Äê 12 ÔÂ 31 ÈÕ
ŵ°²´´ÐÂÇý¶¯»ì
ºÏ A
ŵ°²´´ÐÂÇý¶¯»ì
ºÏ C
ŵ°²´´ÐÂÇý¶¯»ì
ºÏ A
ŵ°²´´ÐÂÇý¶¯»ì
ºÏ C
ŵ°²´´ÐÂÇý¶¯»ìºÏ
A
ŵ°²´´ÐÂÇý¶¯»ìºÏ
C
±¾ÆÚ
ÒÑʵ
ÏÖÊÕ
Òæ
6,092,782.10 33,575,128.65 11,145,196.34 31,534,924.43 5,455,315.43 -686,171.90
±¾ÆÚ
ÀûÈó
4,794,974.18 26,481,913.77 12,533,095.24 25,631,976.00 9,678,947.95 9,578,768.34
¼ÓȨ
ƽ¾ù
»ù½ð
·Ý¶î
±¾ÆÚ
ÀûÈó
0.0361 0.0354 0.0263 0.0224 0.0039 0.0029
±¾ÆÚ
¼ÓȨ
ƽ¾ù
¾»Öµ
ÀûÈó
ÂÊ
3.53% 3.48% 2.57% 2.19% 0.39% 0.29%
±¾ÆÚ
»ù½ð
·Ý¶î
¾»Öµ
Ôö³¤
ÂÊ
3.78% 3.59% 2.67% 2.47% 1.30% 0.30%
3.1.2
ÆÚÄ©
Êý¾Ý
ºÍÖ¸
±ê
2017 ÄêÄ© 2016 ÄêÄ© 2015 ÄêÄ©
ÆÚÄ©
¿É¹©
·ÖÅä
2,145,973.37 12,271,152.53 6,321,762.42 27,539,921.23 5,806,624.17 16,793,084.47
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 9 Ò³ ¹² 69 Ò³
ÀûÈó
ÆÚÄ©
¿É¹©
·ÖÅä
»ù½ð
·Ý¶î
ÀûÈó
0.0207 0.0172 0.0374 0.0351 0.0048 0.0049
ÆÚÄ©
»ù½ð
×ʲú
¾»Öµ
105,841,966.70 727,698,677.28 175,950,491.83 815,062,692.42 1,232,097,499.78 3,469,412,255.47
ÆÚÄ©
»ù½ð
·Ý¶î
¾»Öµ
1.021 1.017 1.040 1.038 1.013 1.013
3.1.3
ÀÛ¼Æ
ÆÚÄ©
Ö¸±ê
2017 ÄêÄ© 2016 ÄêÄ© 2015 ÄêÄ©
»ù½ð
·Ý¶î
ÀÛ¼Æ
¾»Öµ
Ôö³¤
ÂÊ
7.93% 6.46% 4.00% 2.77% 1.30% 0.30%
3.2 »ù½ð¾»Öµ±íÏÖ
3.2.1 »ù½ð·Ý¶î¾»ÖµÔö³¤Âʼ°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵıȽÏ
ŵ°²´´ÐÂÇý¶¯»ìºÏ A
½×¶Î
·Ý¶î¾»ÖµÔö
³¤ÂÊ¢Ù
·Ý¶î¾»Öµ
Ôö³¤Âʱê
×¼²î¢Ú
Òµ¼¨±È½Ï
»ù×¼ÊÕÒæ
ÂÊ¢Û
Òµ¼¨±È½Ï»ù×¼
ÊÕÒæÂʱê×¼²î
¢Ü
¢Ù£¢Û ¢Ú£¢Ü
¹ýÈ¥Èý¸öÔ 1.28% 0.13% 2.77% 0.49% -1.49% -0.36%
¹ýÈ¥Áù¸öÔ 2.38% 0.13% 5.86% 0.42% -3.48% -0.29%
¹ýÈ¥Ò»Äê 3.78% 0.12% 12.53% 0.39% -8.75% -0.27%
×Ô»ù½ðºÏͬ
ÉúЧÆðÖÁ½ñ
7.93% 0.10% -9.22% 0.98% 17.15% -0.88%
ŵ°²´´ÐÂÇý¶¯»ìºÏ C
½×¶Î
·Ý¶î¾»ÖµÔö
³¤ÂÊ¢Ù
·Ý¶î¾»Öµ
Ôö³¤Âʱê
×¼²î¢Ú
Òµ¼¨±È½Ï
»ù×¼ÊÕÒæ
ÂÊ¢Û
Òµ¼¨±È½Ï»ù×¼
ÊÕÒæÂʱê×¼²î
¢Ü
¢Ù£¢Û ¢Ú£¢Ü
¹ýÈ¥Èý¸öÔ 1.18% 0.13% 2.77% 0.49% -1.59% -0.36%
¹ýÈ¥Áù¸öÔ 2.29% 0.13% 5.86% 0.42% -3.57% -0.29%
¹ýÈ¥Ò»Äê 3.59% 0.12% 12.53% 0.39% -8.94% -0.27%
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 10 Ò³ ¹² 69 Ò³
×Ô»ù½ðºÏͬ
ÉúЧÆðÖÁ½ñ
6.46% 0.11% 7.36% 0.68% -0.90% -0.57%
×¢£º±¾»ù½ðµÄÒµ¼¨±È½Ï»ù׼Ϊ£º»¦Éî 300Ö¸ÊýÊÕÒæÂÊ¡Á60%+ÖÐ֤ȫծָÊýÊÕÒæÂÊ¡Á40%¡£
3.2.2 ×Ô»ù½ðºÏͬÉúЧÒÔÀ´»ù½ð·Ý¶îÀۼƾ»ÖµÔö³¤Âʱ䶯¼°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕ
ÒæÂʱ䶯µÄ±È½Ï
ŵ°²´´ÐÂÇý¶¯»ìºÏ A
ŵ°²´´ÐÂÇý¶¯»ìºÏ C
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 11 Ò³ ¹² 69 Ò³
3.2.3 ×Ô»ù½ðºÏͬÉúЧÒÔÀ´»ù½ðÿÄê¾»ÖµÔö³¤Âʼ°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵÄ
±È½Ï
ŵ°²´´ÐÂÇý¶¯»ìºÏ A
ŵ°²´´ÐÂÇý¶¯»ìºÏ C
×¢£º±¾»ù½ð»ù½ðºÏͬÓÚ 2015 Äê 6 Ô 18 ÈÕÉúЧ,2015 Äê±¾»ù½ð¾»ÖµÔö³¤ÂÊÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕ
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 12 Ò³ ¹² 69 Ò³
ÒæÂÊ°´±¾»ù½ðʵ¼Ê´æÐøÆÚ¼ÆËã¡£
3.3 ¹ýÈ¥ÈýÄê»ù½ðµÄÀûÈó·ÖÅäÇé¿ö
µ¥Î»£ºÈËÃñ±ÒÔª
ŵ°²´´ÐÂÇý¶¯»ìºÏ A
Äê¶È
ÿ10·Ý»ù½ð
·Ý¶î·ÖºìÊý
ÏÖ½ðÐÎʽ·¢·Å×ܶî
ÔÙͶ×ÊÐÎʽ·¢·Å
×ܶî
Äê¶ÈÀûÈó·ÖÅäºÏ
¼Æ
±¸×¢
2017 0.5700 5,009,891.56 2,903,271.10 7,913,162.66
2016 - - - -
2015 - - - -
ºÏ¼Æ 0.5700 5,009,891.56 2,903,271.10 7,913,162.66
µ¥Î»£ºÈËÃñ±ÒÔª
ŵ°²´´ÐÂÇý¶¯»ìºÏ C
Äê¶È
ÿ10·Ý»ù½ð
·Ý¶î·ÖºìÊý
ÏÖ½ðÐÎʽ·¢·Å×ܶî
ÔÙͶ×ÊÐÎʽ·¢·Å
×ܶî
Äê¶ÈÀûÈó·ÖÅäºÏ
¼Æ
±¸×¢
2017 0.5700 43,847,048.91 - 43,847,048.91
2016 - - - -
2015 - - - -
ºÏ¼Æ 0.5700 43,847,048.91 - 43,847,048.91
ŵ°²´´ÐÂÇý¶¯»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 13 Ò³ ¹² 69 Ò³
¡ì4 ¹ÜÀíÈ˱¨¸æ
4.1 »ù½ð¹ÜÀíÈ˼°»ù½ð¾ÀíÇé¿ö
4.1.1 »ù½ð¹ÜÀíÈ˼°Æä¹ÜÀí»ù½ðµÄ¾Ñé
½ØÖÁ 2017 Äê 12 Ô 31 ÈÕ£¬±¾»ù½ð¹ÜÀíÈ˹²¹ÜÀí 53 Ö»¿ª·Åʽ»ù½ð£ºÅµ°²Æ½ºâ֤ȯͶ×Ê»ù½ð¡¢
ŵ°²»õ±ÒÊг¡»ù½ð¡¢Åµ°²ÏÈ·æ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²ÓÅ»¯ÊÕÒæծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²¼Û
ÖµÔö³¤»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²³É³¤»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢
ŵ°²ÔöÀûծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²ÖÐÖ¤ 100 Ö¸Êý֤ȯͶ×Ê»ù½ð¡¢Åµ°²ÖÐСÅ̾«Ñ¡»ìºÏÐÍ֤ȯͶ
×Ê»ù½ð¡¢Åµ°²Ö÷Ì⾫ѡ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²È«Çò»Æ½ð֤ȯͶ×Ê»ù½ð¡¢ÉÏÖ¤ÐÂÐ˲úÒµ½»Ò×ÐÍ
¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ð¡¢Åµ°²ÉÏÖ¤ÐÂÐ˲úÒµ½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð¡¢Åµ°²ÐÐ
ÒµÂÖ¶¯»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²¶à²ßÂÔ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢Åµ°²È«ÇòÊÕÒæ²»¶¯²ú֤ȯͶ×Ê»ù
½ð¡¢Åµ°²ÓÍÆøÄÜÔ´¹ÉƱ֤ȯͶ×Ê»ù½ð£¨LOF£©¡¢Åµ°²Ð¶¯Á¦Áé»îÅäÖû