»ù½ð¹ÜÀíÈË£ºÌìÖλù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË£ºÉϺ£ÆÖ¶«·¢Õ¹ÒøÐйɷÝÓÐÏÞ¹«Ë¾
ËͳöÈÕÆÚ£º2018 Äê 3 Ô 29 ÈÕ
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 2 Ò³ ¹² 75 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©·¢¡£
»ù½ðÍйÜÈËÉϺ£ÆÖ¶«·¢Õ¹ÒøÐйɷÝÓÐÏÞ¹«Ë¾¸ù¾Ý±¾»ù½ðºÏͬ¹æ¶¨£¬ÓÚ 2018 Äê 3 Ô 27 ÈÕ¸´ºË
Á˱¾±¨¸æÖеIJÆÎñÖ¸±ê¡¢¾»Öµ±íÏÖ¡¢ÀûÈó·ÖÅäÇé¿ö¡¢²ÆÎñ»á¼Æ±¨¸æ¡¢Í¶×Ê×éºÏ±¨¸æµÈÄÚÈÝ£¬±£Ö¤
¸´ºËÄÚÈݲ»´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±¨¸æÆÚ×Ô 2017Äê 1 Ô 1ÈÕÆðÖÁ 12Ô 31ÈÕÖ¹¡£
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 3 Ò³ ¹² 75 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 .......................................................................................................... 5
2.4 ÐÅÏ¢Åû¶·½Ê½ .............................................................................................................................. 6
2.5 ÆäËûÏà¹Ø×ÊÁÏ .............................................................................................................................. 6
¡ì3 Ö÷Òª²ÆÎñÖ¸±ê¡¢»ù½ð¾»Öµ±íÏÖ¼°ÀûÈó·ÖÅäÇé¿ö ............................................................................. 7
3.1 Ö÷Òª»á¼ÆÊý¾ÝºÍ²ÆÎñÖ¸±ê .......................................................................................................... 7
3.2 »ù½ð¾»Öµ±íÏÖ .............................................................................................................................. 7
3.3 ÆäËûÖ¸±ê ...................................................................................................................................... 9
3.4 ¹ýÈ¥ÈýÄê»ù½ðµÄÀûÈó·ÖÅäÇé¿ö .................................................................................................. 9
¡ì4 ¹ÜÀíÈ˱¨¸æ ......................................................................................................................................... 10
4.1 »ù½ð¹ÜÀíÈ˼°»ù½ð¾ÀíÇé¿ö .................................................................................................... 10
4.2 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðÔË×÷×ñ¹æÊØÐÅÇé¿öµÄ˵Ã÷ ............................................................ 11
4.3 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ¹«Æ½½»Ò×Çé¿öµÄרÏî˵Ã÷ ........................................................................ 11
4.4 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðµÄͶ×ʲßÂÔºÍÒµ¼¨±íÏÖµÄ˵Ã÷ ........................................................ 12
4.5 ¹ÜÀíÈ˶Ժê¹Û¾¼Ã¡¢Ö¤È¯Êг¡¼°ÐÐÒµ×ßÊƵļòÒªÕ¹Íû ........................................................ 13
4.6 ¹ÜÀíÈËÄÚ²¿Óйر¾»ù½ðµÄ¼à²ì»üºË¹¤×÷Çé¿ö ........................................................................ 13
4.7 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ð¹ÀÖµ³ÌÐòµÈÊÂÏîµÄ˵Ã÷ .................................................................... 15
4.8 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðÀûÈó·ÖÅäÇé¿öµÄ˵Ã÷ ........................................................................ 15
4.9 ±¨¸æÆÚÄÚ¹ÜÀíÈ˶Ա¾»ù½ð³ÖÓÐÈËÊý»ò»ù½ð×ʲú¾»ÖµÔ¤¾¯ÇéÐεÄ˵Ã÷ ................................ 15
¡ì5 ÍйÜÈ˱¨¸æ ......................................................................................................................................... 16
5.1 ±¨¸æÆÚÄÚ±¾»ù½ðÍйÜÈË×ñ¹æÊØÐÅÇé¿öÉùÃ÷ ............................................................................ 16
5.2 ÍйÜÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðͶ×ÊÔË×÷×ñ¹æÊØÐÅ¡¢¾»Öµ¼ÆËã¡¢ÀûÈó·ÖÅäµÈÇé¿öµÄ˵Ã÷ ........ 16
5.3 ÍйÜÈ˶Ա¾Äê¶È±¨¸æÖвÆÎñÐÅÏ¢µÈÄÚÈݵÄÕæʵ¡¢×¼È·ºÍÍêÕû·¢±íÒâ¼û ............................ 16
¡ì6 Éó¼Æ±¨¸æ ............................................................................................................................................. 17
6.1 Éó¼Æ±¨¸æ»ù±¾ÐÅÏ¢ .................................................................................................................... 17
6.2 Éó¼Æ±¨¸æµÄ»ù±¾ÄÚÈÝ ................................................................................................................ 17
¡ì7 Äê¶È²ÆÎñ±¨±í ..................................................................................................................................... 20
7.1 ×ʲú¸ºÕ®±í ................................................................................................................................ 20
7.2 ÀûÈó±í ........................................................................................................................................ 21
7.3 ËùÓÐÕßȨÒ棨»ù½ð¾»Öµ£©±ä¶¯±í ............................................................................................ 22
7.4 ±¨±í¸½×¢ .................................................................................................................................... 23
¡ì8 Ͷ×Ê×éºÏ±¨¸æ ..................................................................................................................................... 50
8.1 ÆÚÄ©»ù½ð×ʲú×éºÏÇé¿ö ............................................................................................................ 50
8.2 ÆÚÄ©°´ÐÐÒµ·ÖÀàµÄ¹ÉƱͶ×Ê×éºÏ ............................................................................................ 50
8.3 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄËùÓйÉƱͶ×ÊÃ÷ϸ ................................ 51
8.4 ±¨¸æÆÚÄÚ¹ÉƱͶ×Ê×éºÏµÄÖØ´ó±ä¶¯ ........................................................................................ 52
8.5 ÆÚÄ©°´Õ®È¯Æ·ÖÖ·ÖÀàµÄծȯͶ×Ê×éºÏ .................................................................................... 62
8.6 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃûծȯͶ×ÊÃ÷ϸ ............................ 62
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 4 Ò³ ¹² 75 Ò³
8.7 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄËùÓÐ×ʲúÖ§³Ö֤ȯͶ×ÊÃ÷ϸ ................ 62
8.8 ±¨¸æÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃû¹ó½ðÊôͶ×ÊÃ÷ϸ ................ 62
8.9 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃûȨ֤Ͷ×ÊÃ÷ϸ ............................ 63
8.10 ±¨¸æÆÚÄ©±¾»ù½ðͶ×ʵĹÉÖ¸ÆÚ»õ½»Ò×Çé¿ö˵Ã÷ .................................................................. 63
8.11 ±¨¸æÆÚÄ©±¾»ù½ðͶ×ʵĹúÕ®ÆÚ»õ½»Ò×Çé¿ö˵Ã÷ .................................................................. 63
8.12 Ͷ×Ê×éºÏ±¨¸æ¸½×¢ .................................................................................................................. 63
¡ì9 »ù½ð·Ý¶î³ÖÓÐÈËÐÅÏ¢ ......................................................................................................................... 65
9.1 ÆÚÄ©»ù½ð·Ý¶î³ÖÓÐÈË»§Êý¼°³ÖÓÐÈ˽ṹ ................................................................................ 65
9.2 ÆÚÄ©»ù½ð¹ÜÀíÈ˵ĴÓÒµÈËÔ±³ÖÓб¾»ù½ðµÄÇé¿ö .................................................................... 65
9.3 ÆÚÄ©»ù½ð¹ÜÀíÈ˵ĴÓÒµÈËÔ±³ÖÓб¾¿ª·Åʽ»ù½ð·Ý¶î×ÜÁ¿Çø¼äµÄÇé¿ö ................................ 65
¡ì10 ¿ª·Åʽ»ù½ð·Ý¶î±ä¶¯ ....................................................................................................................... 66
¡ì11 ÖØ´óʼþ½Òʾ ................................................................................................................................. 67
11.1 »ù½ð·Ý¶î³ÖÓÐÈË´ó»á¾öÒé ...................................................................................................... 67
11.2 »ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˵ÄרÃÅ»ù½ðÍйܲ¿ÃŵÄÖØ´óÈËʱ䶯 ...................................... 67
11.3 Éæ¼°»ù½ð¹ÜÀíÈË¡¢»ù½ð²Æ²ú¡¢»ù½ðÍйÜÒµÎñµÄËßËÏ .......................................................... 67
11.4 »ù½ðͶ×ʲßÂԵĸıä .............................................................................................................. 67
11.5 Ϊ»ù½ð½øÐÐÉó¼ÆµÄ»á¼ÆʦÊÂÎñËùÇé¿ö .................................................................................. 67
11.6 ¹ÜÀíÈË¡¢ÍйÜÈ˼°Æä¸ß¼¶¹ÜÀíÈËÔ±ÊÜ»ü²é»ò´¦·£µÈÇé¿ö .................................................. 67
11.7 »ù½ð×âÓÃ֤ȯ¹«Ë¾½»Ò×µ¥ÔªµÄÓйØÇé¿ö .............................................................................. 67
11.8 ÆäËûÖØ´óʼþ .......................................................................................................................... 69
¡ì12 Ó°ÏìͶ×ÊÕß¾ö²ßµÄÆäËûÖØÒªÐÅÏ¢ ................................................................................................... 74
12.1 ±¨¸æÆÚÄÚµ¥Ò»Í¶×ÊÕß³ÖÓлù½ð·Ý¶î±ÈÀý´ïµ½»ò³¬¹ý 20%µÄÇé¿ö ...................................... 74
12.2 Ó°ÏìͶ×ÊÕß¾ö²ßµÄÆäËûÖØÒªÐÅÏ¢ .......................................................................................... 74
¡ì13 ±¸²éÎļþĿ¼ ................................................................................................................................... 75
13.1 ±¸²éÎļþĿ¼ .......................................................................................................................... 75
13.2 ´æ·ÅµØµã .................................................................................................................................. 75
13.3 ²éÔÄ·½Ê½ .................................................................................................................................. 75
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 5 Ò³ ¹² 75 Ò³
¡ì2 »ù½ð¼ò½é
2.1 »ù½ð»ù±¾Çé¿ö
»ù½ðÃû³Æ ÌìÖβƸ»Ôö³¤Ö¤È¯Í¶×Ê»ù½ð
»ù½ð¼ò³Æ ÌìÖβƸ»Ôö³¤»ìºÏ
»ù½ðÖ÷´úÂë 350001
½»Ò×´úÂë 350001
»ù½ðÔË×÷·½Ê½ ÆõÔ¼ÐÍ¿ª·Åʽ
»ù½ðºÏͬÉúЧÈÕ 2004Äê 6Ô 29ÈÕ
»ù½ð¹ÜÀíÈË ÌìÖλù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË ÉϺ£ÆÖ¶«·¢Õ¹ÒøÐйɷÝÓÐÏÞ¹«Ë¾
±¨¸æÆÚÄ©»ù½ð·Ý¶î×ܶî 68,524,730.43·Ý
»ù½ðºÏͬ´æÐøÆÚ ²»¶¨ÆÚ
2.2 »ù½ð²úƷ˵Ã÷
Ͷ×ÊÄ¿±ê ÔÚÈ·±£»ù½ð·Ý¶î¾»Öµ²»µÍÓÚ±¾»ù½ð½¨Á¢µÄ¶¯Ì¬×ʲú±£
ÕÏÏߵĻù´¡ÉÏ£¬Ä±Çó»ù½ð×ʲúµÄ³¤ÆÚÎȶ¨ÔöÖµ¡£
Ͷ×ʲßÂÔ ±¾»ù½ð½¨Á¢Ëæʱ¼äÍÆÒƳʷǸºÔö³¤µÄ¶¯Ì¬×ʲú±£ÕÏ
Ïß,ÒÔͶ×Ê×éºÏ±£ÏÕ»úÖÆ¡¢VaR£¨Value at Risk£©¼¼Êõ
ΪºËÐŤ¾ß£¬¶Ô·çÏÕÐÔ×ʲú£¨¹ÉƱ£©ÓëµÍ·çÏÕ×ʲú£¨Õ®
ȯ£©µÄͶ×ʱÈÀý½øÐж¯Ì¬µ÷Õû£¬²¢½áºÏÏ·½·çÏÕÀ´Ô´
·ÖÎö£¬¶Ô»ù½ðµÄ¸÷Àà×ʲúʵʩȫÁ÷³ÌµÄ·çÏÕÔ¤Ëã¹ÜÀí,
Á¦Õùʹ»ù½ð·Ý¶î¾»Öµ¸ßÓÚ¶¯Ì¬×ʲú±£ÕÏÏßˮƽ¡£ÔÚ·ç
ÏտɿصĻù´¡ÉÏ, ±¾»ù½ðͨ¹ý»ý¼«Í¶×Ê£¬Ä±Çó×î´óÏÞ
¶ÈµØʵÏÖ»ù½ð×ʲúµÄÎȶ¨ÔöÖµ¡£
Òµ¼¨±È½Ï»ù×¼ »¦Éî 300 Ö¸ÊýÊÕÒæÂÊ¡Á40%£«ÖÐ֤ȫծָÊýÊÕÒæÂÊ
¡Á60%¡£
·çÏÕÊÕÒæÌØÕ÷ ±¾»ù½ðÊôÓÚ֤ȯͶ×Ê»ù½ðÖзçÏսϵ͡¢ÊÕÒæÎȽ¡µÄ»ù
½ðÆ·ÖÖ¡£
2.3 »ù½ð¹ÜÀíÈ˺ͻù½ðÍйÜÈË
ÏîÄ¿ »ù½ð¹ÜÀíÈË »ù½ðÍйÜÈË
Ãû³Æ
ÌìÖλù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
ÉϺ£ÆÖ¶«·¢Õ¹ÒøÐйɷÝÓÐÏÞ¹«
˾
ÐÅÏ¢Åû¶¸ºÔðÈË
ÐÕÃû ÕÔÕýÖÐ ÖìƼ
ÁªÏµµç»° 021-60371155 021-61618888
µç×ÓÓÊÏä zhaozz@chinanature.com.cn Zhup02@spdb.com.cn
¿Í»§·þÎñµç»° 400-098-4800£¨Ãⳤ;ͨ»°·Ñ
Óã©¡¢021-60374800
95528
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 6 Ò³ ¹² 75 Ò³
´«Õæ 021-60374934 021-63602540
×¢²áµØÖ· ÉϺ£ÊÐÆÖ¶«ÐÂÇøÁ«Õñ· 298
ºÅ 4ºÅÂ¥ 231ÊÒ
ÉϺ£ÊÐÖÐɽ¶«Ò»Â· 12ºÅ
°ì¹«µØÖ· ÉϺ£Êи´ÐËÎ÷· 159ºÅ ÉϺ£Êб±¾©¶«Â· 689ºÅ
ÓÊÕþ±àÂë 200031 200120
·¨¶¨´ú±íÈË ÂÀÎÄÁú ¸ß¹ú¸»
2.4 ÐÅÏ¢Åû¶·½Ê½
±¾»ù½ðÑ¡¶¨µÄÐÅÏ¢Åû¶±¨Ö½Ãû³Æ ¡¶Öйú֤ȯ±¨¡·¡¢¡¶Ö¤È¯Ê±±¨¡·
µÇÔØ»ù½ðÄê¶È±¨¸æÕýÎĵĹÜÀíÈË»¥ÁªÍøÍø
Ö·
www.chinanature.com.cn
»ù½ðÄê¶È±¨¸æ±¸Öõص㠻ù½ð¹ÜÀíÈ˼°»ù½ðÍйÜÈ˵İ칫³¡Ëù
2.5 ÆäËûÏà¹Ø×ÊÁÏ
ÏîÄ¿ Ãû³Æ °ì¹«µØÖ·
»á¼ÆʦÊÂÎñËù °²ÓÀ»ªÃ÷»á¼ÆʦÊÂÎñËù£¨ÌØÊâÆÕͨ
ºÏ»ï£©
ÉϺ£ÊÐÊÀ¼Í´óµÀ 100 ºÅ»·Çò½ðÈÚÖÐ
ÐÄ 50Â¥
×¢²áµÇ¼Ç»ú¹¹ ÌìÖλù½ð¹ÜÀíÓÐÏÞ¹«Ë¾ ÉϺ£Êи´ÐËÎ÷· 159ºÅ
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 7 Ò³ ¹² 75 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 ÆÚ¼äÊý¾ÝºÍÖ¸±ê 2017Äê 2016Äê 2015Äê
±¾ÆÚÒÑʵÏÖÊÕÒæ 17,385,356.02 -23,363,985.53 91,542,481.79
±¾ÆÚÀûÈó 19,953,246.82 -25,842,489.16 62,262,420.74
¼ÓȨƽ¾ù»ù½ð·Ý¶î±¾ÆÚÀûÈó 0.2754 -0.2438 0.6138
±¾ÆÚ¼ÓȨƽ¾ù¾»ÖµÀûÈóÂÊ 26.37% -22.24% 45.99%
±¾ÆÚ»ù½ð·Ý¶î¾»ÖµÔö³¤ÂÊ 30.36% -22.90% 41.66%
3.1.2 ÆÚÄ©Êý¾ÝºÍÖ¸±ê 2017ÄêÄ© 2016ÄêÄ© 2015ÄêÄ©
ÆÚÄ©¿É¹©·ÖÅäÀûÈó 13,742,321.00 -6,793,738.89 43,394,910.25
ÆÚÄ©¿É¹©·ÖÅä»ù½ð·Ý¶îÀûÈó 0.2005 -0.0791 0.5479
ÆÚÄ©»ù½ð×ʲú¾»Öµ 82,267,051.43 79,082,155.82 122,594,952.51
ÆÚÄ©»ù½ð·Ý¶î¾»Öµ 1.2005 0.9209 1.5479
3.1.3 ÀÛ¼ÆÆÚÄ©Ö¸±ê 2017ÄêÄ© 2016ÄêÄ© 2015ÄêÄ©
»ù½ð·Ý¶îÀۼƾ»ÖµÔö³¤ÂÊ 393.71% 278.72% 391.22%
×¢£º1¡¢ÉÏÊö»ù½ðÒµ¼¨Ö¸±ê²»°üÀ¨³ÖÓÐÈËÈϹº»ò½»Ò×»ù½ðµÄ¸÷Ïî·ÑÓ㬼ÆÈë·ÑÓúóʵ¼ÊÊÕÒæˮƽҪ
µÍÓÚËùÁÐÊý×Ö¡£
2¡¢±¾ÆÚÒÑʵÏÖÊÕÒæÖ¸»ù½ð±¾ÆÚÀûÏ¢ÊÕÈ롢Ͷ×ÊÊÕÒæ¡¢ÆäËûÊÕÈ루²»º¬¹«ÔʼÛÖµ±ä¶¯ÊÕÒ棩¿Û³ýÏà
¹Ø·ÑÓúóµÄÓà¶î£¬±¾ÆÚÀûÈóΪ±¾ÆÚÒÑʵÏÖÊÕÒæ¼ÓÉϱ¾ÆÚ¹«ÔʼÛÖµ±ä¶¯ÊÕÒæ¡£
3¡¢ÆÚÄ©¿É¹©·ÖÅäÀûÈ󣬲ÉÓÃÆÚÄ©×ʲú¸ºÕ®±íÖÐδ·ÖÅäÀûÈóÓëδ·ÖÅäÀûÈóÖÐÒÑʵÏÖ²¿·ÖµÄÊëµÍÊý£¨Îª
ÆÚÄ©Óà¶î£¬²»Êǵ±ÆÚ·¢ÉúÊý£©¡£
3.2 »ù½ð¾»Öµ±íÏÖ
3.2.1 »ù½ð·Ý¶î¾»ÖµÔö³¤Âʼ°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵıȽÏ
½×¶Î
·Ý¶î¾»Öµ
Ôö³¤ÂÊ¢Ù
·Ý¶î¾»Öµ
Ôö³¤Âʱê
×¼²î¢Ú
Òµ¼¨±È½Ï
»ù×¼ÊÕÒæ
ÂÊ¢Û
Òµ¼¨±È½Ï»ù
×¼ÊÕÒæÂʱê
×¼²î¢Ü
¢Ù£¢Û ¢Ú£¢Ü
¹ýÈ¥Èý¸öÔ 6.35% 0.94% 1.62% 0.33% 4.73% 0.61%
¹ýÈ¥Áù¸öÔ 14.07% 0.88% 3.85% 0.28% 10.22% 0.60%
¹ýÈ¥Ò»Äê 30.36% 0.84% 8.11% 0.26% 22.25% 0.58%
¹ýÈ¥ÈýÄê 42.38% 1.77% 18.30% 0.80% 24.08% 0.97%
¹ýÈ¥ÎåÄê 131.30% 1.57% 49.61% 0.75% 81.69% 0.82%
×Ô»ù½ðºÏͬ
ÉúЧÆðÖÁ½ñ
393.71% 2.27% 165.04% 0.94% 228.67% 1.33%
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 8 Ò³ ¹² 75 Ò³
3.2.2 ×Ô»ù½ðºÏͬÉúЧÒÔÀ´»ù½ð·Ý¶îÀۼƾ»ÖµÔö³¤Âʱ䶯¼°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕ
ÒæÂʱ䶯µÄ±È½Ï
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 9 Ò³ ¹² 75 Ò³
3.2.3 ¹ýÈ¥ÎåÄê»ù½ðÿÄê¾»ÖµÔö³¤Âʼ°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵıȽÏ
3.3 ÆäËûÖ¸±ê
×¢£ºÎÞ¡£
3.4 ¹ýÈ¥ÈýÄê»ù½ðµÄÀûÈó·ÖÅäÇé¿ö
µ¥Î»£ºÈËÃñ±ÒÔª
Äê
¶È
ÿ 10·Ý»ù½ð·Ý
¶î·ÖºìÊý
ÏÖ½ðÐÎʽ·¢·Å
×ܶî
ÔÙͶ×ÊÐÎʽ·¢·Å
×ܶî
Äê¶ÈÀûÈó·ÖÅäºÏ
¼Æ
±¸×¢
2017 - - - -
2016 3.0000 96,273,642.42 122,547,749.04 218,821,391.46
2015 - - - -
ºÏ¼Æ 3.0000 96,273,642.42 122,547,749.04 218,821,391.46
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 10 Ò³ ¹² 75 Ò³
¡ì4 ¹ÜÀíÈ˱¨¸æ
4.1 »ù½ð¹ÜÀíÈ˼°»ù½ð¾ÀíÇé¿ö
4.1.1 »ù½ð¹ÜÀíÈ˼°Æä¹ÜÀí»ù½ðµÄ¾Ñé
±¾»ù½ð¹ÜÀíÈË¡ª¡ªÌìÖλù½ð¹ÜÀíÓÐÏÞ¹«Ë¾ÓÚ 2003Äê 5Ô³ÉÁ¢£¬×¢²á×ʱ¾ 1.6 ÒÚÔª£¬×¢²áµØΪ
ÉϺ£¡£¹«Ë¾¹ÉȨ½á¹¹Îª£º¼ªÁÖÊ¡ÐÅÍÐÓÐÏÞÔðÈι«Ë¾³ö×Ê 9800 ÍòÔª£¬Õ¼×¢²á×ʱ¾µÄ 61.25%£»Öйú
¼ªÁÖÉÁÖ¹¤Òµ¼¯ÍÅÓÐÏÞÔðÈι«Ë¾³ö×Ê 6200ÍòÔª£¬Õ¼×¢²á×ʱ¾µÄ 38.75%¡£½ØÖÁ 2017Äê 12Ô 31ÈÕ£¬
±¾»ù½ð¹ÜÀíÈËÆìϹ²ÓÐʮһֻ¿ª·Åʽ»ù½ð£¬³ý±¾»ù½ðÍ⣬ÁíÍâʮֻ»ù½ð¡ªÌìÖÎÎȽ¡Ë«Ó¯Õ®È¯ÐÍÖ¤
ȯͶ×Ê»ù½ð¡¢ÌìÖεÍ̼¾¼ÃÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð£¨×ªÐÍ×Ô 2005 Äê 1 Ô 12 ÈÕÉúЧµÄÌìÖÎ
Æ·ÖÊÓÅÑ¡»ìºÏÐÍ֤ȯͶ×Ê»ù½ð£©¡¢ÌìÖκËÐijɳ¤»ìºÏÐÍ֤ȯͶ×Ê»ù½ð£¨LOF£©¡¢ÌìÖÎÌìµÃÀû»õ±ÒÊг¡
»ù½ð¡¢ÌìÖÎÖйúÖÆÔì 2025 Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð£¨×ªÐÍ×Ô 2008 Äê 5Ô 8 ÈÕÉúЧµÄÌìÖδ´
ÐÂÏÈ·æ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð£©¡¢ÌìÖÎÇ÷Êƾ«Ñ¡Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÌìÖÎÐÂÏû·ÑÁé»îÅäÖÃ
»ìºÏÐÍ֤ȯͶ×Ê»ù½ð£¨×ªÐÍ×Ô 2011 Äê 8 Ô 4 ÈÕÉúЧµÄÌìÖγɳ¤¾«Ñ¡»ìºÏÐÍ֤ȯͶ×Ê»ù½ð£©¡¢ÌìÖÎ
¿ÉתծÔöǿծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÌìÖÎÑо¿Çý¶¯Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð£¨×ªÐÍ×Ô 2011 Äê
12Ô 28ÈÕÉúЧµÄÌìÖÎÎȶ¨ÊÕÒæծȯÐÍ֤ȯͶ×Ê»ù½ð£©¡¢ÌìÖÎöÎÀû°ëÄ궨ÆÚ¿ª·ÅծȯÐÍ֤ȯͶ×Ê»ù
½ðµÄ»ù½ðºÏͬ·Ö±ðÓÚ 2008 Äê 11 Ô 5 ÈÕ¡¢2016 Äê 4 Ô 18 ÈÕ¡¢2006 Äê 1 Ô 20 ÈÕ¡¢2006 Äê 7 Ô 5
ÈÕ¡¢2016 Äê 4 ÔÂ 7 ÈÕ¡¢2009 Äê 7 ÔÂ 15 ÈÕ¡¢2016 Äê 7 ÔÂ 6 ÈÕ¡¢2013 Äê 6 ÔÂ 4 ÈÕ¡¢2015 Äê 6 ÔÂ 9
ÈÕ¡¢2016Äê 12Ô 7ÈÕÉúЧ¡£
4.1.2 »ù½ð¾Àí£¨»ò»ù½ð¾ÀíС×飩¼°»ù½ð¾ÀíÖúÀí¼ò½é
ÐÕÃû Ö°Îñ
Èα¾»ù½ðµÄ»ù½ð¾Àí£¨ÖúÀí£©ÆÚÏÞ Ö¤È¯´ÓÒµÄê
ÏÞ
˵Ã÷
ÈÎÖ°ÈÕÆÚ ÀëÈÎÈÕÆÚ
Îâê»
±¾»ù½ð»ù
½ð¾Àí
2015 Äê 2 ÔÂ
17ÈÕ
2017Äê 7ÔÂ 25ÈÕ 7Äê
2010 Äê 3 ÔÂ-2012 Äê 7
Ô¾ÍÖ°ÓÚ¹úÁªÖ¤È¯¹É·Ý
ÓÐÏÞ¹«Ë¾ÈÎÐÐÒµÑо¿
Ô±£¬2012 Äê 7 ÔÂ-2017
Äê 7 Ô¾ÍÖ°ÓÚÌìÖλù½ð
¹ÜÀíÓÐÏÞ¹«Ë¾£¬ÔøÈÎÐÐ
ÒµÑо¿Ô±¡¢»ù½ð¾ÀíÖú
Àí¡¢±¾»ù½ðµÄ»ù½ð¾Àí¡£
Áº³½
±¾»ù½ð»ù
½ð¾Àí
2017 Äê 7 ÔÂ
18ÈÕ
- 3Äê
˶ʿÑо¿Éú£¬¾ßÓлù½ð
´ÓÒµ×ʸñ¡£2014 Äê 7 ÔÂ
ÖÁ 2015Äê 7Ô¾ÍÖ°ÓÚ¼Î
ʵ»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾ÈÎ
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 11 Ò³ ¹² 75 Ò³
Ñо¿²¿Ñо¿×éÖúÀíÐÐÒµ
Ñо¿Ô±£¬2015 Äê 7 ÔÂÖÁ
½ñ¾ÍÖ°ÓÚÌìÖλù½ð¹ÜÀí
ÓÐÏÞ¹«Ë¾£¬ÔøÈÎÑо¿·¢
Õ¹²¿ÐÐÒµÑо¿Ô±¡£
4.2 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðÔË×÷×ñ¹æÊØÐÅÇé¿öµÄ˵Ã÷
±¨¸æÆÚÄÚ£¬±¾»ù½ð¹ÜÀíÈËÑϸñ°´ÕÕ¡¶Ö¤È¯Í¶×Ê»ù½ð·¨¡·ºÍÆäËûÏà¹Ø·¨ÂÉ·¨¹æµÄ¹æ¶¨ÒÔ¼°¡¶Ìì
ÖβƸ»Ôö³¤Ö¤È¯Í¶×Ê»ù½ð»ù½ðºÏͬ¡·¡¢¡¶ÌìÖβƸ»Ôö³¤Ö¤È¯Í¶×Ê»ù½ðÕÐļ˵Ã÷Êé¡·µÄÔ¼¶¨£¬±¾×ųÏ
ʵÐÅÓá¢ÇÚÃ㾡ְµÄÔÔò¹ÜÀíºÍÔËÓûù½ð²Æ²ú£¬Îª»ù½ð·Ý¶î³ÖÓÐÈËıÇóÀûÒæ¡£±¾»ù½ð¹ÜÀíÈËͨ¹ý
²»¶ÏÍêÉÆ·¨ÈËÖÎÀí½á¹¹ºÍÄÚ²¿¿ØÖÆÖƶȣ¬¼ÓÇ¿ÄÚ²¿¹ÜÀí£¬¹æ·¶»ù½ðÔË×÷¡£±¾±¨¸æÆÚÄÚ£¬»ù½ðÔË×÷
ºÏ·¨ºÏ¹æ£¬Ã»Óз¢ÉúË𺦻ù½ð·Ý¶î³ÖÓÐÈËÀûÒæµÄÐÐΪ¡£
4.3 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ¹«Æ½½»Ò×Çé¿öµÄרÏî˵Ã÷
4.3.1 ¹«Æ½½»Ò×ÖƶȺͿØÖÆ·½·¨
±¾»ù½ð¹ÜÀíÈËÒÀ¾Ý¡¶Ö¤È¯Í¶×Ê»ù½ð¹ÜÀí¹«Ë¾¹«Æ½½»Ò×ÖƶÈÖ¸µ¼Òâ¼û¡·µÄÏà¹Ø¹æ¶¨Öƶ¨Á˹«Ë¾
¡¶¹«Æ½½»Ò×Öƶȡ·¡£¹«Ë¾¹«Æ½½»Ò×Ìåϵº¸ÇÑо¿·ÖÎö¡¢ÊÚȨ¡¢Í¶×ʾö²ß¡¢½»Ò×Ö´ÐС¢Òµ¼¨ÆÀ¹ÀµÈͶ
×ʹÜÀí»î¶¯Ïà¹ØµÄ¸÷¸ö»·½Ú£¬¸÷»·½Ú¹«Æ½´ëÊ©¼òÒªÈçÏ£º
¹«Ë¾µÄÄÚÍⲿ±¨¸æ¾ùͨ¹ýͳһµÄÑо¿¹ÜÀíƽ̨·¢²¼£¬ËùÓеÄÑо¿Ô±ºÍͶ×Ê×éºÏ¾Àí¾ùÓÐȨͨ
¹ý¸Ãƽ̨²é¿´¹«Ë¾ËùÓÐÄÚÍⲿÑо¿±¨¸æ¡£
Ͷ×Ê×éºÏ¾ÀíÔÚÊÚȨȨÏÞ·¶Î§ÄÚ×ö³öͶ×ʾö²ß£¬²¢¸ºÔðͶ×ʾö²ßµÄ¾ßÌåʵʩ¡£Í¶×ʾö²ßίԱ
»áºÍͶ×Ê×ܼàµÈ¹ÜÀí»ú¹¹ºÍÈËÔ±²»µÃ¶ÔͶ×Ê×éºÏ¾ÀíÔÚÊÚȨ·¶Î§ÄÚµÄͶ×ʻ½øÐиÉÔ¤¡£Í¶×Ê×é
ºÏ¾ÀíÔÚÊÚȨ·¶Î§ÄÚ¿ÉÒÔ×ÔÖ÷¾ö²ß£¬³¬¹ýͶ×ÊȨÏ޵IJÙ×÷ÐèÒª¾¹ýÑϸñµÄÉóÅú³ÌÐò¡£Í¬Ê±£¬²»Í¬
Ͷ×Ê×éºÏ¾ÀíÖ®¼äµÄ³Ö²ÖºÍ½»Ò×µÈÖØ´ó·Ç¹«¿ªÍ¶×ÊÐÅÏ¢Ï໥¸ôÀë¡£
¹«Ë¾½«Í¶×ʹÜÀíÖ°Äܺͽ»Ò×Ö´ÐÐÖ°ÄÜÏà¸ôÀ룬ʵÐм¯Öн»Ò×Öƶȡ£²¢ÔÚ½»Ò×ϵͳÖÐÉèÖù«Æ½
½»Ò×¹¦Äܲ¢ÑϸñÖ´ÐУ¬¼´°´ÕÕʱ¼äÓÅÏÈ¡¢¼Û¸ñÓÅÏȵÄÔÔòÖ´ÐÐËùÓÐÖ¸ÁÈç¹û¶à¸öͶ×Ê×éºÏÔÚͬ
һʱµã¾Íͬһ֤ȯÏ´ïÁËÏàͬ·½ÏòµÄͶ×ÊÖ¸Á²¢ÇÒÊмÛÔÚÖ¸ÁîÏÞ¼ÛÒÔÄÚ£¬½»Ò×ϵͳ½«¸Ã֤ȯµÄ
ÿ±Ê½»Ò×±¨µ¥¶¼×Ô¶¯°´±ÈÀý·Ö²ðµ½¸÷Ͷ×Ê×éºÏ¡£
¹«Ë¾¶ÔÒøÐмäÊг¡½»Òס¢½»Ò×Ëù´ó×Ú½»Ò׵ȷǼ¯Öоº¼Û½»Ò×£¬±£Ö¤¸÷Ͷ×Ê×éºÏ»ñµÃ¹«Æ½µÄ½»
Ò×»ú»á¡£¶ÔÓÚ²¿·Öծȯһ¼¶Êг¡É깺¡¢·Ç¹«¿ª·¢ÐйÉƱÉ깺µÈÒÔ¹«Ë¾ÃûÒå½øÐеĽ»Ò×£¬¸÷Ͷ×Ê×é
ºÏ¾ÀíÔÚ½»Ò×Ç°¶ÀÁ¢µØÈ·¶¨¸÷Ͷ×Ê×éºÏµÄ½»Ò×¼Û¸ñºÍÊýÁ¿£¬¹«Ë¾°´ÕÕ¼Û¸ñÓÅÏÈ¡¢±ÈÀý·ÖÅäµÄÔÔò
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 12 Ò³ ¹² 75 Ò³
¶Ô½»Ò×½á¹û½øÐзÖÅä¡£
¹«Ë¾¶ÔÒøÐмäÊг¡½»Ò×¼Û¸ñÒì³£µÄ¿ØÖƲÉÓÃÊÂÇ°Éó²éµÄ·½·¨¡£»Ø¹ºÀûÂÊÒì³£Ö¸»Ø¹ºÀûÂÊÆ«Àë
ͬÆÚ¹«ÔʻعºÀûÂÊ 30bpÒÔÉÏ£»ÏÖȯ½»Ò×¼Û¸ñÒì³£Ö¸¸ù¾Ý½»Ò×¼Û¸ñÍÆËã³öµÄÊÕÒæÂÊÆ«ÀëͬÆÚ¹«ÔÊÊÕ
ÒæÂÊ 30bpÒÔÉÏ£¨Ò»ÄêÆÚÒÔÉÏծȯΪ 50bp£©£¬ÆäÖУ¬»õ±Ò»ù½ðµÄÏÖȯ½»Ò×¼Û¸ñÒì³£Ö¸¸ù¾Ý½»Ò×¼Û¸ñ
ÍÆËã³öµÄÊÕÒæÂÊÆ«ÀëͬÆÚ¹«ÔÊÊÕÒæÂÊ 30bpÒÔÉÏ¡£
¹«Ë¾·ç¿ØÈËÔ±¶¨ÆÚ¶Ô¸÷Ͷ×Ê×éºÏ½øÐÐÒµ¼¨¹éÒò·ÖÎö£¬²¢ÓÚÿ¼¾¶ÈºÍÿÄê¶È¶Ô¹«Ë¾¹ÜÀíµÄ²»Í¬
Ͷ×Ê×éºÏµÄÕûÌåÊÕÒæÂʲîÒì¡¢·ÖͶ×ÊÀà±ð£¨¹ÉƱ¡¢Õ®È¯£©µÄÊÕÒæÂʲîÒì½øÐзÖÎö£¬¶ÔÁ¬ÐøËĸö¼¾
¶ÈÆÚ¼äÄÚ£¬²»Í¬Ê±¼ä´°Ï£¨ÈçÈÕÄÚ¡¢3ÈÕÄÚ¡¢5ÈÕÄÚ£©¹«Ë¾¹ÜÀíµÄ²»Í¬Í¶×Ê×éºÏͬÏò½»Ò׵Ľ»Ò×¼Û
²î½øÐзÖÎö¡£
¾ßÌå·½·¨ÈçÏ£º
1£©¶Ô²»Í¬Í¶×Ê×éºÏ£¬¸ù¾Ý²»Í¬Ê±¼ä´°Ï£¨ÈçÈÕÄÚ¡¢3 ÈÕÄÚ¡¢5 ÈÕÄÚ£©µÄÿ¸öȯÖÖ£¬¼ÆËãÆä½»
Ò×¾ù¼Û£»
2£©¶ÔÒ»¶Îʱ¼ä£¨¼¾¶È»òÄê¶È£©Í¬Ò»Ê±¼ä´°¿ÚµÄͬ¸öȯÖÖ½øÐÐÆ¥Å䣬¼ÆËã³ö¼Û²îÂÊ£»
3£©ÀûÓÃͳ¼Æ·½·¨¶Ô¶à¸ö¼Û²îÂʽøÐÐͳ¼Æ·ÖÎö£¬·ÖÎö¼Û²îÂÊÊÇ·ñÏÔÖø´óÓÚ 0¡£Èç¹ûijһ×ʲúÀà
±ð¹Û²âÆÚ¼äÑù±¾Êý¾ÝÌ«ÉÙ£¬Ôò²»½øÐÐͳ¼Æ¼ìÑ飬½ö¼ì²é¶Ô²»Í¬Ê±¼ä´°¿Ú£¨ÈçÈÕÄÚ¡¢3 ÈÕÄÚ¡¢5ÈÕÄÚ£©
µÄ¼Û²îÂÊÊÇ·ñ³¬¹ý·§Öµ£»
4£©¼Û²îÂʲ»ÊÇÏÔÖø´óÓÚ 0µÄ£¬Ôò²»ÄÜ˵Ã÷·Ç¹«Æ½½»Ò×£»¼Û²îÂÊÏÔÖø´óÓÚ 0µÄ£¬ÔòÐèÒª×ÛºÏÆä
ËûÒòËØ×ö³öÅжϣ¬±ÈÈç½»Ò×Õ¼ÓÅÊƵÄͶ×Ê×éºÏÊÇ·ñÊÕÒæÒ²ÏÔÖø´óÓÚ½»Ò×Õ¼ÁÓÊƵÄͶ×Ê×éºÏ¡£
4.3.2 ¹«Æ½½»Ò×ÖƶȵÄÖ´ÐÐÇé¿ö
±¨¸æÆÚÄÚ£¬±¾»ù½ð¹ÜÀíÈËÕûÌ幫ƽ½»Ò×ÖƶÈÖ´ÐÐÇé¿öÁ¼ºÃ£¬Î´·¢ÏÖÓÐÎ¥±³¹«Æ½½»Ò×µÄÏà¹ØÇé
¿ö¡£
4.3.3 Òì³£½»Ò×ÐÐΪµÄרÏî˵Ã÷
±¨¸æÆÚÄÚ£¬Î´·¢Éú¡°ËùÓÐͶ×Ê×éºÏ²ÎÓëµÄ½»Ò×Ëù¹«¿ª¾º¼ÛͬÈÕ·´Ïò½»Ò׳ɽ»½ÏÉٵĵ¥±ß½»Ò×
Á¿³¬¹ý¸Ã֤ȯµ±Èճɽ»Á¿µÄ 5%¡±µÄÇéÐΡ£
±¨¸æÆÚÄÚ£¬±¾»ù½ð¹ÜÀíÈËδ·¢ÏÖÒì³£½»Ò×ÐÐΪ¡£
4.4 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðµÄͶ×ʲßÂÔºÍÒµ¼¨±íÏÖµÄ˵Ã÷
4.4.1 ±¨¸æÆÚÄÚ»ù½ðͶ×ʲßÂÔºÍÔË×÷·ÖÎö
2017Äê A¹ÉÊг¡²¨¶¯ÂÊÏÔÖø½µµÍ£¬¹úÄÚÍâºê¹Û»·¾³ÕûÌåκ͸´ËÕ¡¢¼à¹Ü»·¾³Ç÷ÓÚÑÏÀ÷¡£ÔÚ´Ë
ÌìÖβƸ»Ôö³¤»ìºÏ 2017 ÄêÄê¶È±¨¸æ
µÚ 13 Ò³ ¹² 75 Ò³
±³¾°Ï£¬A ¹ÉͶ×Ê·ç¸ñÇл»Ã÷ÏÔ£¬ÒÔÉÏÖ¤ 50 Ϊ´ú±íµÄÀ¶³ï¹ÉÂÅ´´Ð¸߶øÖÐСÊÐÖµ¸ö¹É³ÖÐøϵø£¬
ÓÅÖÊÀ¶³ï¹«Ë¾³ÉΪÖ÷Á÷Ͷ×ʱêµÄ¡£ÕûÌåÀ´¿´£¬Ò»¼¾¶ÈÐÛ°²¸ÅÄî»ù±¾³ÉΪÁËÌâ²Ä¹É×îºóµÄ¿ñ»¶£»¶þ
¼¾¶ÈÊг¡ÏµøÖо߱¸½ÏºÃ³É³¤ÐÔµÄÆ»¹û²úÒµÁ´¹«Ë¾³öÏÖÁËÒ»²¨ÉÏÕÇ£¬Í¬Ê±ÒÔ½ðÈÚΪ´ú±íµÄ´óÅÌÀ¶
³ï¹É¿ªÊ¼Æô¶¯£»Èý¼¾¶ÈÒÔ¸ÖÌúú̿Ϊ´ú±íµÄÖÜÆÚÐÔÐÐÒµÔÚ¼Û¸ñ·´µ¯Òµ¼¨Çý¶¯Ï³öÏÖÁËÏÔÖøµÄ³¬¶î
ÊÕÒ棬ÐÂÄÜÔ´Æû³µÐÐÒµÒ²Ôڽ׶ÎÐÔ¸´ËÕºÍÈ«Çò»¯Ç÷ÊÆÏÂ×ß³öÁËÒ»²¨´óÐÐÇ飬°×¾Æ°å¿éÒ²ÔÚÒµ¼¨³Ö
Ðø³¬Ô¤ÆÚµÄÇý¶¯ÏÂÇ¿ÊÆÉÏÕÇ£»Ëļ¾¶ÈÊг¡ÒÔÕðµ´ÎªÖ÷£¬ÖÜÆÚÐÔÐÐÒµÒÔÕðµ´µ÷ÕûΪÖ÷£¬±£Ïպ͵ç×Ó
ÐÐÒµ¸ö¹ÉÔÚÖ÷ÉýÀ˺óÓÐËù»Øµ÷£¬°×¾Æ°å¿éÔÚę́Ìá¼ÛÒÔ¼°ÎåÁ¸Òº¾ÏúÉÌ´ó»áµÄÀûºÃ»·¾³Öд´ÏÂÐÂ
¸ß¡£
±¾»ù½ðÔÚÉÏ°ëÄê¼á³Ö³ÖÓÐÏû·Ñµç×ÓΪ´ú±íµÄ³É³¤¹É£¬È¡µÃÁ˽Ϻõij¬¶îÊÕÒæ¡£ÔÚÏ°ëÄê»ý¼«
²¼¾ÖÖÜÆÚÐÐÒµÒÔ¼°ÐÂÄÜÔ´Æû³µÐÐÒµ£¬Í¬Ê±¼ÌÐø³ÖÓÐÏû·Ñµç×Ó¸ö¹É£¬²¢ÇÒÔڽ׶ÎÐÔÉÏÕǺó¼°Ê±»ñÀû
Á˽ᣬÄêÄ©µÄÕðµ´µ÷ÕûÖв¼¾Ö»¯¹¤ÐÐÒµ¸ö¹ÉÄæÊÆÈ¡µÃÁËÒ»¶¨µÄ³¬¶îÊÕÒ棬×îÖÕÈ¡µÃÁË 30.36%µÄÄê
¶ÈÊÕÒæÂÊ¡£ÎÒÃǽ«¼ÌÐø¼Ó´óÑо¿¿í¶ÈºÍÉî¶È£¬¼á¶¨Í¶×ÊÓÅÖʳɳ¤¹ÉµÄͬʱ»ý¼«°ÑÎÕÖÜÆÚÐÔÐÐÒµµÄ
Ͷ×Ê»ú»á£¬Å¬Á¦ÊµÏÖ»ù½ð×ʲúµÄÎȶ¨Ôö³¤¡£
4.4.2 ±¨¸æÆÚÄÚ»ù½ðµÄÒµ¼¨±íÏÖ
±¨¸æÆÚÄ©£¬±¾»ù½ð·Ý¶î¾»ÖµÎª 1.2005 Ôª£¬±¨¸æÆÚÄÚ±¾»ù½ð·Ý¶î¾»ÖµÔö³¤ÂÊΪ 30.36%£¬Òµ¼¨
±È½Ï»ù×¼ÊÕÒæÂÊΪ 8.11%£¬¸ßÓÚͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂÊ 22.25%¡£
4.5 ¹ÜÀíÈ˶Ժê¹Û¾¼Ã¡¢Ö¤È¯Êг¡¼°ÐÐÒµ×ßÊƵļòÒªÕ¹Íû
ÎÒÃÇÔ¤¼Æ 2018 Äê¹úÄÚºê¹Û¾¼ÃÑÓÐøÈõ¸´ËÕµÄ̬ÊÆ£¬PPI Ç°¸ßºóµÍ£¬CPI »ºÂýÉÏÐУ¬¹úÄÚÁ÷¶¯
ÐÔ½«Î¬³ÖÖÐÐÔÆ«½ôµÄ¾ÖÃæ¡£¼à¹Ü»·¾³·½Ã棬IPO ·¢ÐÐËÙ¶ÈÈÔ½