<ul style="list-style-type: disc;" class="list-paddingleft-1"></ul><p data-pm-slice="0 0 []" style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">ä¸ã项ç®æ¦åµ</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å°åç¼å·ï¼</span></span></font><font face="Calibri"><span leaf="">G2504</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ä½ç½®ï¼</span>丹é³å¸é¶æè·¯å侧ï¼ä½äºé«æ°åºä¸èååºäº¤æ±å¤ï¼ä¸ä¾§ç´§é»è§åæè²é群ï¼åæ¥ä¸¹é³é«æ°åºäº§ä¸ååºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºè®©é¢ç§¯ï¼</span></span></font><font face="Calibri"><span leaf="">40102</span></font><font face="å®ä½"><span leaf="">å¹³æ¹ç±³ï¼çº¦</span></font><font face="Calibri"><span leaf="">60.15</span></font><font face="å®ä½"><span leaf="">亩ï¼ï¼å°ååå纵深约</span></font><font face="Calibri"><span leaf="">220</span></font><font face="å®ä½"><span leaf="">ç±³ï¼ä¸è¥¿å®½åº¦çº¦</span></font><font face="Calibri"><span leaf="">180</span></font><font face="å®ä½"><span leaf="">ç±³ï¼å½¢ç¶è§æ´ï¼å©äºè§åå¸å±ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">容积çï¼</span></span></font><font face="Calibri"><span leaf="">1.01</span></font><font face="å®ä½"><span leaf="">â¤</span></font><font face="Calibri"><span leaf="">R</span></font><font face="å®ä½"><span leaf="">â¤</span></font><font face="Calibri"><span leaf="">1.5</span></font><font face="å®ä½"><span leaf="">ï¼éé«</span></font><font face="Calibri"><span leaf="">36</span></font><font face="å®ä½"><span leaf="">ç±³ï¼éåæé ä½å¯åº¦ãé«èé度çæ¹ååä½å® 社åºï¼å ¼å®¹ç¤¾åºåä¸ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">èµ·å§ä»·ï¼</span></span></font><font face="Calibri"><span leaf="">33085</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼æ容积çä¸é</span></font><font face="Calibri"><span leaf="">1.5</span></font><font face="å®ä½"><span leaf="">计ç®ï¼èµ·æ楼é¢ä»·çº¦</span></font><font face="Calibri"><span leaf="">5500</span></font><font face="å®ä½"><span leaf="">å </span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">è§åç¨éï¼</span>åä½æ··åç¨å°ï¼ä½å® å æ¯â¥</span></font><font face="Calibri"><span leaf="">80%</span></font><font face="å®ä½"><span leaf="">ï¼åä¸â¤</span></font><font face="Calibri"><span leaf="">20%</span></font><font face="å®ä½"><span leaf="">ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¼åå¨æï¼</span>é¢è®¡</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">6</span></font><font face="å®ä½"><span leaf="">ææ¿å°ï¼</span></font><font face="Calibri"><span leaf="">2026</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">æé¦æå¼çï¼</span></font><font face="Calibri"><span leaf="">2027</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">6</span></font><font face="å®ä½"><span leaf="">ææ´ä½äº¤ä»ï¼å¼åå¨æ约</span></font><font face="Calibri"><span leaf="">24</span></font><font face="å®ä½"><span leaf="">个æã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">äºãåºä½åæ</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.交éé å¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">主干éè·¯ï¼</span>å°åç´§é»é¶æè·¯ï¼åå</span></font><font face="Calibri"><span leaf="">6</span></font><font face="å®ä½"><span leaf="">车éï¼ãæ¯å ´è·¯ï¼åå¸å¿«éè·¯ï¼ï¼</span></font><font face="Calibri"><span leaf="">10</span></font><font face="å®ä½"><span leaf="">åé车ç¨ç´è¾¾æ²ªèé«éï¼</span></font><font face="Calibri"><span leaf="">G42</span></font><font face="å®ä½"><span leaf="">ï¼ä¸¹é³ä¸åºå£ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">轨é交éï¼</span>è§åå°é</span></font><font face="Calibri"><span leaf="">8</span></font><font face="å®ä½"><span leaf="">å·çº¿ï¼é¢è®¡</span></font><font face="Calibri"><span leaf="">2026</span></font><font face="å®ä½"><span leaf="">å¹´é车ï¼çæ³è·¯ç«è·ç¦»å°å</span></font><font face="Calibri"><span leaf="">1.3</span></font><font face="å®ä½"><span leaf="">å ¬éï¼æªæ¥å¯</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">åéç´è¾¾å¸¸å·ãå京ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å ¬å ±äº¤éï¼</span>å°å西侧</span></font><font face="Calibri"><span leaf="">800</span></font><font face="å®ä½"><span leaf="">ç±³è®¾å ¬äº¤æ¢çº½ç«ï¼</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">æ¡çº¿è·¯è¦çé«éç«ãå¾æ¦å¹¿åºã第ä¸äººæ°å»é¢ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.åä¸é å¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ç°ç¶ï¼</span></span></font><font face="Calibri"><span leaf="">1</span></font><font face="å®ä½"><span leaf="">å ¬éå 社åºåä¸ä½âåé½</span></font><font face="Calibri"><span leaf="">SOHO</span></font><font face="å®ä½"><span leaf="">âï¼å«çé²è¶ å¸ãé¤é¥®ï¼ï¼</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éå 丹é³å «ä½°ä¼´ãé鹰天å°å¹¿åºï¼æ¥å客æµé</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">ä¸äººæ¬¡ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">è§åï¼</span>ä¸ä¾§è§å</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">ä¸ã¡é»éä¸å¿ï¼å«å½±é¢ãé¤é¥®ãå¿ç«¥æè²ï¼ï¼é¢è®¡</span></font><font face="Calibri"><span leaf="">2026</span></font><font face="å®ä½"><span leaf="">å¹´å¨å·¥ï¼ä¸é¡¹ç®å¼åå¨æåæ¥ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.æè²èµæº</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºç¡æè²ï¼</span>å°åå侧é 建</span></font><font face="Calibri"><span leaf="">12</span></font><font face="å®ä½"><span leaf="">çå ¬ç«å¹¼å¿åï¼</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">9</span></font><font face="å®ä½"><span leaf="">æ交ä»ï¼ï¼</span></font><font face="Calibri"><span leaf="">2</span></font><font face="å®ä½"><span leaf="">å ¬éå 丹é³å¸å®éªå°å¦ç¼éåæ ¡åºï¼çéç¹ï¼</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´æçï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ä¸å¦èµæºï¼</span></span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éå æ±èç丹é³é«çº§ä¸å¦æ°æ ¡åºï¼</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">年竣工ï¼</span></font><font face="Calibri"><span leaf="">26</span></font><font face="å®ä½"><span leaf="">轨å¶ï¼ï¼çåºç¨ç¼ºä¼è´¨æè²èµæºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">4.å»çèµæº</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ä¸ç²å»é¢ï¼</span>丹é³å¸ç¬¬ä¸äººæ°å»é¢ï¼è½¦ç¨</span></font><font face="Calibri"><span leaf="">10</span></font><font face="å®ä½"><span leaf="">åéï¼ï¼</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´æ°å»ºä¸å»é¢ï¼é«æ°åºåºä¸°è·¯å侧ï¼å¹´åºæç¨ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">社åºå»çï¼</span>å侧社åºå«çæå¡ä¸å¿ï¼</span></font><font face="Calibri"><span leaf="">2023</span></font><font face="å®ä½"><span leaf="">å¹´æ°å»ºï¼ï¼æ¥è¡</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">åéå¯è¾¾ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">5.çæä¼é²</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å ¬åï¼</span>西侧é«æ°åºä¸å¤®ç»¿å»ï¼</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">ä¸ã¡ï¼ï¼å侧滨河çæ带ï¼è§å</span></font><font face="Calibri"><span leaf="">2026</span></font><font face="å®ä½"><span leaf="">å¹´å¯å¨ï¼ï¼æ¥è¡</span></font><font face="Calibri"><span leaf="">15</span></font><font face="å®ä½"><span leaf="">åéå¯è¾¾ä¸æ¡¥ç®çæ湿å°ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ææ é å¥ï¼</span></span></font><font face="Calibri"><span leaf="">10</span></font><font face="å®ä½"><span leaf="">åé车ç¨è³é¦æµ·ç´æ«åºåï¼å½å®¶</span></font><font face="Calibri"><span leaf="">4A</span></font><font face="å®ä½"><span leaf="">级æ¯åºï¼å¹´å®¢æµé</span></font><font face="Calibri"><span leaf="">50</span></font><font face="å®ä½"><span leaf="">ä¸äººæ¬¡ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">ä¸ãå¸åºåæ</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.ä¾éç°ç¶</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºåå»åï¼</span>æªè³</span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">æï¼ä¸¹é³ä½å® åºåå»åå¨æ</span></font><font face="Calibri"><span leaf="">8.2</span></font><font face="å®ä½"><span leaf="">个æï¼é¶æè·¯æ¿åè¿åå¹´æåå»å</span></font><font face="Calibri"><span leaf="">120</span></font><font face="å®ä½"><span leaf="">å¥ï¼ä¸»åé¢ç§¯æ®µ</span></font><font face="Calibri"><span leaf="">90-140</span></font><font face="å®ä½"><span leaf="">ã¡ï¼å æ¯</span></font><font face="Calibri"><span leaf="">70%</span></font><font face="å®ä½"><span leaf="">ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">éæ±ç»æï¼</span>é«æ°åºææ¯äººæï¼</span></font><font face="Calibri"><span leaf="">45%</span></font><font face="å®ä½"><span leaf="">ï¼ãæ¬å°æ¹å家åºï¼</span></font><font face="Calibri"><span leaf="">35%</span></font><font face="å®ä½"><span leaf="">ï¼ãé¿ä¸è§æèµå®¢ï¼</span></font><font face="Calibri"><span leaf="">20%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼å好ä½å¯ãæºè½åãçæå产åã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.ç«äºæ ¼å±</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æ ¸å¿ç«åï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: circle;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ç«å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">A</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼é¶æè·¯å侧ï¼ï¼</span>ç²¾è£ å°é«å±ï¼åä»·</span></font><font face="Calibri"><span leaf="">1.8</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ï¼ä¸»æâå°é</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å¦åºâæ¦å¿µï¼å»åç</span></font><font face="Calibri"><span leaf="">75%</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ç«å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">B</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼æ¯å ´è·¯ä¸ä¾§ï¼ï¼</span>æ¯å¯å å¢ ï¼åä»·</span></font><font face="Calibri"><span leaf="">2.3</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ï¼å®¹ç§¯ç</span></font><font face="Calibri"><span leaf="">1.2</span></font><font face="å®ä½"><span leaf="">ï¼ä½ç¤¾åºé å¥ä¸è¶³ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¸åºç©ºç½ï¼</span>æ¿åå 缺ä¹å ¼å ·çææ ç¾ãæºæ §æå¡ä¸é«ç«¯åå±çé«å质社åºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.æ¿çå©å¥½</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">人æ补贴ï¼</span>丹é³å¸â产ä¸äººæå®å± 计åâ延ç»è³</span></font><font face="Calibri"><span leaf="">2026</span></font><font face="å®ä½"><span leaf="">å¹´ï¼è´æ¿è¡¥è´´æé«</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼é对ç¡å£«å以ä¸å¦åæé«çº§è称人æï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">éä»·æ¾å®½ï¼</span></span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´æ°æ¿å¤æ¡ä»·ä¸éæåè³</span></font><font face="Calibri"><span leaf="">2.5</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ï¼åæ¯</span></font><font face="Calibri"><span leaf="">+13.6%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼æ¹åå产åå©æ¶¦ç©ºé´æ©å¤§ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">åã产åå®ä½</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.æ ¸å¿å±æ§</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å®ä½ï¼</span>âä½å¯æºæ §çæ社åºâï¼èå绿è²å»ºçï¼ä¸æ级æ åï¼ãå ¨å±æºè½ç³»ç»ï¼å°ç±³çæé¾ï¼ãä¸æ²å¼ä¼æã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.ä¸æç»å</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ä½å® ï¼</span></span></font><font face="Calibri"><span leaf="">6</span></font><font face="å®ä½"><span leaf="">å±æ´æ¿ï¼</span></font><font face="Calibri"><span leaf="">65%</span></font><font face="å®ä½"><span leaf="">ï¼ä¸»åé¢ç§¯</span></font><font face="Calibri"><span leaf="">110-160</span></font><font face="å®ä½"><span leaf="">ã¡ï¼ä¸è³åæ¿ï¼ï¼</span></font><font face="Calibri"><span leaf="">11</span></font><font face="å®ä½"><span leaf="">å±å°é«å±ï¼</span></font><font face="Calibri"><span leaf="">25%</span></font><font face="å®ä½"><span leaf="">ï¼</span></font><font face="Calibri"><span leaf="">90-120</span></font><font face="å®ä½"><span leaf="">ã¡ï¼ä¸¤è³ä¸æ¿ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åä¸ï¼</span>社åºåä¸ï¼</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ï¼ä¾¿å©åºãè¯æ¿ãè½»é¤é¥®ï¼æ²¿é¶æè·¯å¸å±ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.产å设计建议</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æ·ååæ°ï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: circle;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">æ´æ¿é¡¶å±å¤å¼é¢çå ä¼æ¿æ¥å£ï¼å¥åä½ç¢³è¶å¿ï¼ï¼èµ éé²å°ï¼è®¡å®¹ä¸è®¡ä»·ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">å°é«å±è®¾è®¡</span></font><font face="å®ä½"><span leaf="">âåé¥åâæ·åï¼ç¬ç«å ¥æ·ï¼å¯åç§ï¼ï¼éé å¤ä»£å®¶åºä¸æèµå®¢éæ±ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å ¬åºè®¾è®¡ï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: circle;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">æ¶ç©ºå±æ¤å ¥å ±äº«åå ¬åºï¼é å¤é«é</span></font><font face="Calibri"><span leaf="">WiFi</span></font><font face="å®ä½"><span leaf="">ï¼ã</span></font><font face="Calibri"><span leaf="">24</span></font><font face="å®ä½"><span leaf="">å°æ¶æ 人便å©åºï¼æå社åºé»æ§ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf="">æ¯è§è½´èå ¥ä¸¹é³è¿æ²³æåå ç´ ï¼ä»¿å¤æ°´è¡ãç³éå°åï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¤ç«é¢ï¼</span>æ°äºæ´²é£æ ¼ï¼éæ¿</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">仿ç³æ¼ç»åï¼çªå¢æ¯â¥</span></font><font face="Calibri"><span leaf="">0.3</span></font><font face="å®ä½"><span leaf="">ï¼å¼ºåé«ç«¯è°æ§ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">4.å·®å¼åç«äºå</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">çææ ç¾ï¼</span>社åºå æé </span></font><font face="Calibri"><span leaf="">800</span></font><font face="å®ä½"><span leaf="">ã¡é¨æ°´è±åï¼èå¨æ»¨æ²³çæ带ï¼å½¢æâå¾®æ°åâè°èç³»ç»ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æå¡å级ï¼</span>å¼å ¥â人è¸è¯å«</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">æ æå车âæºæ §ç©ä¸ï¼å¯¹æ éåºæ樾åºç§ææ åä½æº¢ä»·ä½</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">äºã客æ·å®ä½</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.æ ¸å¿å®¢ç¾¤</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">产ä¸ç²¾è±ï¼</span>é«æ°åºå·¥ç¨å¸ã管çå±ï¼</span></font><font face="Calibri"><span leaf="">28-45</span></font><font face="å®ä½"><span leaf="">å²ï¼ï¼å¹´æ¶å ¥</span></font><font face="Calibri"><span leaf="">30-80</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼æ³¨ééå¤æçä¸ç§ææã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æ¬å°æ¹åï¼</span>èååºç½®æ¢å®¢ç¾¤ï¼</span></font><font face="Calibri"><span leaf="">40-55</span></font><font face="å®ä½"><span leaf="">å²ï¼ï¼å好ä½å¯ç¯å¢ä¸å®éªå°å¦å¦åºã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">é¿çº¿æèµè ï¼</span>é¿ä¸è§åºå客æ·ï¼ç好åé¨æ°åè§å红å©ï¼å好å°æ·ååºç§ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.客群ç»å</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">é¦æ¹éæ±ï¼</span></span></font><font face="Calibri"><span leaf="">90-120</span></font><font face="å®ä½"><span leaf="">ã¡ä¸æ¿ï¼æ»ä»·</span></font><font face="Calibri"><span leaf="">180-250</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼é¦ä»æ¯ä¾</span></font><font face="Calibri"><span leaf="">60%-70%</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åè´¨æ¹åï¼</span></span></font><font face="Calibri"><span leaf="">140-160</span></font><font face="å®ä½"><span leaf="">ã¡åæ¿ï¼æ»ä»·</span></font><font face="Calibri"><span leaf="">350-400</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼å ³æ³¨å¦åºä¸ç¤¾åºåå±ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">èµäº§é ç½®ï¼</span></span></font><font face="Calibri"><span leaf="">60-90</span></font><font face="å®ä½"><span leaf="">ã¡å°æ·åï¼æ»ä»·</span></font><font face="Calibri"><span leaf="">120-160</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼åºç§æ¶ççé¢æ</span></font><font face="Calibri"><span leaf="">5.5%-6.5%</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">å ãå¼å建议</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.产å设计</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åæçç¥ï¼</span><span textstyle="" style="font-weight: normal;">é¦</span>ææ¨åºå°é«å±ï¼å¿«éå款ï¼ï¼äºææ´æ¿ï¼å©æ¶¦ææï¼ï¼åä¸é å¥ä¸ä½å® åæ¥äº¤ä»ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ææ¬ä¼åï¼</span>éç¨è£ é å¼å»ºçï¼æ¿çå¥å±</span></font><font face="Calibri"><span leaf="">3%</span></font><font face="å®ä½"><span leaf="">容积çï¼ï¼ç¼©çå·¥æ</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.è¥éçç¥</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">线ä¸ï¼</span>æé³</span></font><font face="Calibri"><span leaf="">/KOL</span></font><font face="å®ä½"><span leaf="">ææ¾âæºæ §çæ´»åºæ¯âçè§é¢ï¼å°çº¢ä¹¦æé âæ°äºæ´²ç¾å¦âè¯é¢ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">线ä¸ï¼</span>é«æ°åºäº§ä¸åå®åæ客ï¼èå人æåæ¨åºâè´æ¿è¡¥è´´</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">è£ ä¿®ç¤¼å âç»åæ³ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">3.é£é©æ示</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æ¿çé£é©ï¼</span>人æ补贴éå¡å¯è½å½±åé¦ç½®å®¢ç¾¤è´ä¹°åã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ç«åæ¤åï¼</span>è¥è§åå¦æ ¡å»¶è¿è½å°ï¼éå éèªææè²é å¥å»ºè®¾ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">ä¸ãæååºä»·å»ºè®®</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åå²æ交åèï¼</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: circle;margin-left: 32px;margin-right: 32px;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="Calibri"><span leaf="">2024</span></font><font face="å®ä½"><span leaf="">å¹´é¶æè·¯å侧</span></font><font face="Calibri"><span leaf="">G2121</span></font><font face="å®ä½"><span leaf="">å°åï¼</span></font><font face="Calibri"><span leaf="">R=1.8</span></font><font face="å®ä½"><span leaf="">ï¼ï¼æ交溢价ç</span></font><font face="Calibri"><span leaf="">12.5%</span></font><font face="å®ä½"><span leaf="">ï¼æ¥¼é¢ä»·</span></font><font face="Calibri"><span leaf="">3334</span></font><font face="å®ä½"><span leaf="">å </span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´åé¨æ°å</span></font><font face="Calibri"><span leaf="">G2507</span></font><font face="å®ä½"><span leaf="">å°åï¼</span></font><font face="Calibri"><span leaf="">R=1.5</span></font><font face="å®ä½"><span leaf="">ï¼ï¼æº¢ä»·ç</span></font><font face="Calibri"><span leaf="">18%</span></font><font face="å®ä½"><span leaf="">ï¼æ¥¼é¢ä»·</span></font><font face="Calibri"><span leaf="">5400</span></font><font face="å®ä½"><span leaf="">å </span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºä»·å»ºè®®ï¼</span>建议æ»ä»·åºé´</span></font><font face="Calibri"><span leaf="">3.63-3.8</span></font><font face="å®ä½"><span leaf="">亿å ï¼æº¢ä»·ç</span></font><font face="Calibri"><span leaf="">9%-14%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼æ¥¼é¢ä»·ä¸é</span></font><font face="Calibri"><span leaf="">6100</span></font><font face="å®ä½"><span leaf="">å </span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ï¼ç¡®ä¿å®ä»·</span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">楼é¢ä»·â¥</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">åã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li></ul><p style="margin-top: 16px;"><span><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: #7c8b09;font-weight: bold;text-decoration: underline;">å «ãæ»ç»</span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><ul style="list-style-type: disc;" class="list-paddingleft-1"><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">åºä½åæï¼</span>产åèåæ ¸å¿åºï¼å°é</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å¦åº</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">çæä¸éç¨ç¼ºä»·å¼ï¼éç´§ç¯é å¥è½å°èå¥ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¸åºå®ä½ï¼</span>æ¹åéæ±ä¸»å¯¼ï¼æ¿ç红å©æç¡®ï¼éè§é¿ç«ååè´¨åï¼å¼ºåçæä¸ç§ææ ç¾ï¼ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">产åå®ä½ï¼</span>以âä½å¯</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">æºæ §</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">æå</span></font><font face="Calibri"><span leaf="">IP</span></font><font face="å®ä½"><span leaf="">âç ´å±ï¼æ·ååæ°å ¼é¡¾èªä½ä¸æèµéæ±ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">客æ·å®ä½ï¼</span>èç¦äº§ä¸äººæä¸æ¬å°æ¹åï¼éè¿é¢ç§¯æ®µç»åè¦çå ¨æ¯ä»è½å客群ã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å¼å建议ï¼</span>å¿«å¨è½¬çç¥å¹³è¡¡ç°éæµï¼è¥é端æç»åºåè§åå©å¥½å¼ºåé¢æã</span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p></li><li><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æååºä»·ï¼</span>溢价çæ§å¶å¨</span></font><font face="Calibri"><span leaf="">14%</span></font><font face="å®ä½"><span leaf="">以å ï¼ç¡®ä¿æ¥¼é¢ä»·ä¸å®ä»·åçæ¯ã</span></font></span></p></li></ul><p style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;letter-spacing: 0.034em;background-color: transparent;"><span leaf="">ï¼æ³¨ï¼æ¬æ¥åæ°æ®åæ¥èªå ¬å¼ç»è®¡åè¡ä¸è°ç ï¼åæç»è®ºä» ä¾åèï¼</span></span><span leaf=""><br /></span></p><section style="margin-top: 16px;"><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><span style="font-family:å®ä½;"></span></span></section><section style="margin-top: 16px;"><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><span style="font-family:å®ä½;"></span></span></section><section style="margin-bottom: 24px;margin-top: 16px;"><span style="background-color: rgb(255, 255, 255);font-family: å®ä½;font-size: 14px;letter-spacing: 0.476px;"></span></section><section style="text-align: center;margin-top: 16px;margin-bottom: 0px;"><span style="background-color: rgb(255, 255, 255);color: rgb(127, 127, 127);font-family: PingFangTC-Light;font-size: 12px;letter-spacing: 0.544px;caret-color: red;"><span leaf="">*</span></span><span style="background-color: rgb(255, 255, 255);font-family: å®ä½;font-size: 14px;letter-spacing: 0.476px;"></span></section><section data-role="outer" label="Powered by 135editor.com" style="-webkit-tap-highlight-color: transparent;margin-bottom: 0px;outline: 0px;font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 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