<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"></font></span><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="">2025-01G</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>æ²å¿ç»æµå¼ååºè§ä½è·¯å侧ãæ±æ¶¦è·¯è¥¿ä¾§</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="">309</span></font><font face="å®ä½"><span leaf="">å¹³æ¹ç±³</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="">ï¼</span></font><font face="Calibri"><span leaf="">R</span></font><font face="å®ä½"><span leaf="">â¤</span></font><font face="Calibri"><span leaf="">2.2</span></font><font face="å®ä½"><span leaf="">ï¼å»ºè®®æä¸é</span></font><font face="Calibri"><span leaf="">2.2</span></font><font face="å®ä½"><span leaf="">å¼åï¼æ»å»ºé¢çº¦</span></font><font face="Calibri"><span leaf="">680</span></font><font face="å®ä½"><span leaf="">å¹³æ¹ç±³ï¼</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>ä½å® ç¨å°ï¼</span></font><font face="Calibri"><span leaf="">70</span></font><font face="å®ä½"><span leaf="">年产æï¼</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="">95</span></font><font face="å®ä½"><span leaf="">ä¸å </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="">18-20</span></font><font face="å®ä½"><span leaf="">个æ</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模å¼ï¼</span>é«å¨è½¬ç²¾åä½å® ï¼ä¸»æâå°èç²¾â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><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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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éï¼</span>ç´§é»è§ä½è·¯ï¼ååå车éï¼ãæ±æ¶¦è·¯ï¼</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">åéç´è¾¾å¼ååºç®¡å§ä¼ï¼</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></span></font><font face="Calibri"><span leaf="">1</span></font><font face="å®ä½"><span leaf="">å ¬éå è¦ç</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">æ¡å ¬äº¤çº¿ï¼å¼ååº</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">è·¯ã</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">è·¯ã</span></font><font face="Calibri"><span leaf="">8</span></font><font face="å®ä½"><span leaf="">è·¯ï¼ï¼</span></font><font face="Calibri"><span leaf="">15</span></font><font face="å®ä½"><span leaf="">åéæ¥é©³æ²å¿é«éç«ï¼è§å</span></font><font face="Calibri"><span leaf="">2026</span></font><font face="å®ä½"><span leaf="">å¹´é车ï¼ï¼</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;">åºåèå¨ï¼</span>è·å¾æ²å¿«éè·¯å ¥å£</span></font><font face="Calibri"><span leaf="">4</span></font><font face="å®ä½"><span leaf="">å ¬éï¼</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">åéå¯è¾¾å¾å·å¸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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">社åºçº§ï¼</span>æ±æ¶¦è·¯æ²¿è¡åºåï¼ä¾¿å©åºãé¤é¥®ï¼ã</span></font><font face="Calibri"><span leaf="">1</span></font><font face="å®ä½"><span leaf="">å ¬éå 润åè¶ å¸ï¼</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;">çåºçº§ï¼</span></span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éå 红æç¾å¯é¾ååã大屯è´ç©ä¸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 style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">æè²å»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;">æè²ï¼</span>å¼ååºå®éªå¹¼å¿åï¼</span></font><font face="Calibri"><span leaf="">500</span></font><font face="å®ä½"><span leaf="">ç±³ï¼ãæ²å¿ç¬¬ä¸å®éªå°å¦ï¼</span></font><font face="Calibri"><span leaf="">1.2</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ãå¼ååºä¸å¦ï¼</span></font><font face="Calibri"><span leaf="">2</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ï¼</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»çï¼</span>æ²å¿ä¸å»é¢å¼ååºåé¢ï¼</span></font><font face="Calibri"><span leaf="">1.5</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ãæ²å¿äººæ°å»é¢ï¼</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ã</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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">4. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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>è§ä½è·¯æ»¨æ²³å ¬åï¼</span></font><font face="Calibri"><span leaf="">800</span></font><font face="å®ä½"><span leaf="">ç±³ï¼ãæ±æå广åºï¼</span></font><font face="Calibri"><span leaf="">2</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ï¼</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;">æä½ï¼</span>å¼ååºæåä¸å¿ï¼</span></font><font face="Calibri"><span leaf="">1.8</span></font><font face="å®ä½"><span leaf="">å ¬éï¼å«å¾ä¹¦é¦ãå¥èº«æ¿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;">åºä½ä¼å¿æ»ç»ï¼</span>âå°èå ¨âçæ´»åï¼æ»¡è¶³åºç¡éæ±ï¼ä½ç¼ºä¹é«ç«¯åä¸åä¼è´¨å¦åºï¼ééè¿äº§åå弥补é å¥çæ¿ã</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><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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">ä¾åºç«¯ï¼</span></span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´ç»å¼åºä½å® åºå约</span></font><font face="Calibri"><span leaf="">12</span></font><font face="å®ä½"><span leaf="">ä¸ã¡ï¼å»åå¨æ</span></font><font face="Calibri"><span leaf="">8</span></font><font face="å®ä½"><span leaf="">个æï¼ä»¥</span></font><font face="Calibri"><span leaf="">90-120</span></font><font face="å®ä½"><span leaf="">ã¡åé产å为主ï¼</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«¯ï¼</span>æ¬å°äº§ä¸å·¥äººï¼å </span></font><font face="Calibri"><span leaf="">60%</span></font><font face="å®ä½"><span leaf="">ï¼ã乡éè¿å家åºï¼</span></font><font face="Calibri"><span leaf="">30%</span></font><font face="å®ä½"><span leaf="">ï¼ãæèµå®¢ï¼</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼å好æ»ä»·</span></font><font face="Calibri"><span leaf="">80-150</span></font><font face="å®ä½"><span leaf="">ä¸å æ·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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">ç«å项ç®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=""><span textstyle="" style="font-weight: bold;">æ±æ¶¦åºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">1.5</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å ¬éï¼ï¼</span>åä»·</span></font><font face="Calibri"><span leaf="">8500</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¡ï¼ä¸»æä¸æ¿ï¼å»åç</span></font><font face="Calibri"><span leaf="">75%</span></font><font face="å®ä½"><span leaf="">ï¼</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;">éåååºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">å ¬éï¼ï¼</span>ç²¾è£ å°æ·åï¼æåæ交</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">å¥ï¼ä½äº¤ä»å£ç¢è¾å·®ï¼</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;">空ç½æºä¼ï¼</span>åºåå 缺ä¹é«åè´¨ãæºè½åå°ç¤¾åºï¼å¯åå ¥å·®å¼åèµéã</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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">è´æ¿è¡¥è´´ï¼</span>ç»å¼åºäººæå¼è¿æ¿çï¼æ¬ç§è¡¥è´´</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">ä¸å </span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">å¥ï¼ï¼</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§åå级ï¼</span></span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´è§ä½è·¯å延工ç¨å¯å¨ï¼å°å西侧è§å社åºæå¡ä¸å¿ï¼å«èå¸åºï¼ã</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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">客群æ ç¾ï¼</span>âé¦ç½®é年家åº</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">乡éæ¹å客âï¼æ»ä»·ææä½æ³¨éæ§ä»·æ¯ï¼</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åæ ç¾ï¼</span>âå ¨è½</span></font><font face="Calibri"><span leaf="">MINI</span></font><font face="å®ä½"><span leaf="">社åºâï¼å®¹ç§¯ç</span></font><font face="Calibri"><span leaf="">2.2</span></font><font face="å®ä½"><span leaf="">ï¼å»ºè®®å»º</span></font><font face="Calibri"><span leaf="">1</span></font><font face="å®ä½"><span leaf="">æ </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="">1</span></font><font face="å®ä½"><span leaf="">梯</span></font><font face="Calibri"><span leaf="">2</span></font><font face="å®ä½"><span leaf="">æ·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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">æ·å设计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=""><span textstyle="" style="font-weight: bold;">主åæ·åï¼</span></span></font><font face="Calibri"><span leaf="">75</span></font><font face="å®ä½"><span leaf="">ã¡ä¸¤æ¿ï¼å æ¯</span></font><font face="Calibri"><span leaf="">60%</span></font><font face="å®ä½"><span leaf="">ï¼ã</span></font><font face="Calibri"><span leaf="">95</span></font><font face="å®ä½"><span leaf="">ã¡ä¸æ¿ï¼å æ¯</span></font><font face="Calibri"><span leaf="">30%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼é¢ç</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">çµæ´»ç©ºé´ï¼å¯å</span></font><font face="Calibri"><span leaf="">LOFT</span></font><font face="å®ä½"><span leaf="">ï¼ï¼</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;">åæ°ç¹ï¼</span>å ¨ææ·åãé£çªèµ éãçå ³æ¶çº³ç³»ç»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="">é¦å±æ¶ç©ºå±ï¼å¿ç«¥æ¸¸ä¹</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å ±äº«ä¹¦å§ï¼ï¼</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¡¶é²å°ï¼å ¬å ±æ¾æ</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å¥èº«åºï¼ã</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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">æºè½åï¼</span>æ é 人è¸è¯å«é¨ç¦ãæºè½å®¶å± é¢å管线ï¼</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;">绿è²å»ºçï¼</span>å ä¼å±é¡¶ãé¨æ°´åæ¶ç³»ç»ï¼ææ¬å¢å 约</span></font><font face="Calibri"><span leaf="">3%</span></font><font face="å®ä½"><span leaf="">ï¼ä½å¯è·æ¿åºè¡¥è´´ï¼ï¼</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¢å¼ï¼</span>å¼å ¥ä¸ç§ç©ä¸ï¼æ¿è¯ºâ</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">åéååºâç»´ä¿®æå¡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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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¸å·¥äººå®¶åºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">60%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span>ç»å¼åºçµååãæºæ¢°ååå·¥ï¼ææ¶å ¥</span></font><font face="Calibri"><span leaf="">6000-8000</span></font><font face="å®ä½"><span leaf="">å ï¼éè¿å°ééå¤ï¼</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;">乡éè¿å客群ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">30%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span>æ²å¿ä¹¡éæå¸ãå ¬å¡åï¼è¿½æ±å¦åºä¸ç¤¾åºåè´¨ï¼</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;">æèµå®¢ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">10%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ï¼ï¼</span>æ»ä»·ä½ãæåºç§ï¼å好å°æ·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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">ç»åéæ±</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;">åæ§éæ±ï¼</span></span></font><font face="Calibri"><span leaf="">75</span></font><font face="å®ä½"><span leaf="">ã¡ä¸¤æ¿ï¼é¦ä»</span></font><font face="Calibri"><span leaf="">15</span></font><font face="å®ä½"><span leaf="">ä¸å 以å ï¼ï¼</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;">æ¹åéæ±ï¼</span></span></font><font face="Calibri"><span leaf="">95</span></font><font face="å®ä½"><span leaf="">ã¡ä¸æ¿ï¼ä¸»å§å¥æ¿</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">ç¬ç«é¤å ï¼ï¼</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;">æèµéæ±ï¼</span>å ç§ä»£ç®¡æå¡ï¼æ¿è¯ºå¹´ç§éåæ¥ç</span></font><font face="Calibri"><span leaf="">4%</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></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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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;">ææ¬æ§å¶ï¼</span>éç¨è£ é å¼å»ºçï¼ç¼©çå·¥æ</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ï¼ãæ¬å°å»ºæééï¼</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±ç¤ºåºçç¥ï¼</span>æ ·æ¿é´è®¾å¨æ±æ¶¦è·¯æ²¿è¡ï¼å¼ºåâå³ä¹°å³ä½âç°æ¿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 style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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>æé³çè§é¢ï¼å·¥å°ç´æï¼</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å°çº¢ä¹¦ï¼æ·å解æï¼ï¼</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>乡éå·¡å±ï¼å¤§å±¯éãå®å½éï¼</span></font><font face="Calibri"><span leaf="">+ </span></font><font face="å®ä½"><span leaf="">å·¥åå¢è´ï¼</span></font><font face="Calibri"><span leaf="">95</span></font><font face="å®ä½"><span leaf="">æä¼æ 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"></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">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>è¥ç»å¼åºäººæ补贴éå¡ï¼æå½±åå»åé度ï¼</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«äºé£é©ï¼</span></span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´ä¸åå¹´é¾æ¹å°äº§æå ¥å¸å类产åï¼éæ¢å å¼çã</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;">åèæ¡ä¾ï¼</span></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="">ææ交çè§ä½è·¯å侧å°åï¼</span></font><font face="Calibri"><span leaf="">1.8</span></font><font face="å®ä½"><span leaf="">容积çï¼ï¼æº¢ä»·ç</span></font><font face="Calibri"><span leaf="">22%</span></font><font face="å®ä½"><span leaf="">ï¼æ交楼é¢ä»·</span></font><font face="Calibri"><span leaf="">4200</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¡ï¼</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;">建议æ»ä»·ï¼</span></span></font><font face="Calibri"><span leaf="">115-125</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼æº¢ä»·ç</span></font><font face="Calibri"><span leaf="">21%-31%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼å¯¹åºæ¥¼é¢ä»·çº¦</span></font><font face="Calibri"><span leaf="">4500-4800</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¡ï¼</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;">举ççç¥ï¼</span>é¦è½®å ä»·è³</span></font><font face="Calibri"><span leaf="">100</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼æç»æ§å¶å¨</span></font><font face="Calibri"><span leaf="">120</span></font><font face="å®ä½"><span leaf="">ä¸å 以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 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;">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;">åºä½ï¼</span>åºç¡é å¥å®åï¼ä½é强å交éä¸å¦åºä»·å¼ï¼</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¸åºï¼</span>åé主导ï¼å·®å¼å产åç¨ç¼ºï¼</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åï¼</span>å°é¢ç§¯ãé«éå å¼ãæºè½åï¼</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·ï¼</span>èç¦äº§ä¸å·¥äººä¸ä¹¡éè¿å客ï¼</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;">å¼åï¼</span>å¿«å¨è½¬ã强è¥éã严æ§ææ¬ï¼</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;">æåï¼</span>åç溢价ä¸é</span></font><font 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