<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;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>ææ¿å¨åº</span></font><font face="Calibri"><span leaf="">[2025]57</span></font><font face="å®ä½"><span leaf="">å·</span></font></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°çä½ç½®ï¼</span>ä½äºè¥¿æ¹åºä¸å¢©åå </span></font><font face="Calibri"><span leaf="">XH010401-24</span></font><font face="å®ä½"><span leaf="">å°åï¼ä¸è³è§å绿åï¼åè³è§å西åäºè·¯ï¼è¥¿è³è§åéè·¯ï¼åè³è§å西åä¸è·¯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;">åºè®©é¢ç§¯ï¼</span></span></font><font face="Calibri"><span leaf="">29,921</span></font><font face="å®ä½"><span leaf="">å¹³æ¹ç±³ï¼çº¦</span></font><font face="Calibri"><span leaf="">44.88</span></font><font face="å®ä½"><span leaf="">亩ï¼ï¼å®¹ç§¯ç</span></font><font face="Calibri"><span leaf="">2.6</span></font><font face="å®ä½"><span leaf="">ï¼è®¡å®¹å»ºçé¢ç§¯çº¦</span></font><font face="Calibri"><span leaf="">77,794.6</span></font><font face="å®ä½"><span leaf="">å¹³æ¹ç±³ï¼ä¸ºä½å® ï¼è®¾é å¥å ¬å»ºï¼ç¨å°ï¼éé 建社åºæå¡ãå »èåå©´å¹¼å¿ç §æ¤è®¾æ½ã</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="">11.2879</span></font><font face="å®ä½"><span leaf="">亿å ï¼æ¥¼é¢èµ·ä»·</span></font><font face="Calibri"><span leaf="">14,510</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><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;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;">轨é交éï¼</span>è·å¨å»ºå°é</span></font><font face="Calibri"><span leaf="">4</span></font><font face="å®ä½"><span leaf="">å·çº¿ä¸æè²æ± è·¯ç«çº¦</span></font><font face="Calibri"><span leaf="">800</span></font><font face="å®ä½"><span leaf="">ç±³ï¼æªæ¥å¯å¿«éè¿æ¥æå·è¥¿ç«ä¸å西</span></font><font face="Calibri"><span leaf="">CBD</span></font><font face="å®ä½"><span leaf="">ï¼</span></font><font face="Calibri"><span leaf="">1</span></font><font face="å®ä½"><span leaf="">å ¬éå è¦ççç³é«æ¶ï¼</span></font><font face="Calibri"><span leaf="">10</span></font><font face="å®ä½"><span leaf="">åéç´è¾¾ç»åé«éãç´«é港é§éã</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 ¬äº¤ç³»ç»ï¼</span>西åä¹è·¯ãæ¯åè·¯å ¬äº¤çº¿è·¯å¯éï¼è¦ç西æ¹ç§æåéå¤éæ±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.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;">产ä¸ååºåä¸ï¼</span>ç´§é»é¿éå·´å·´äºè°·ååºï¼æ¥è¡</span></font><font face="Calibri"><span leaf="">500</span></font><font face="å®ä½"><span leaf="">ç±³ï¼ã西æ¹ç§æåï¼</span></font><font face="Calibri"><span leaf="">1</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ï¼éèæ°åç»æµä¼ä¸åå·¥æ¶è´¹éæ±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;">综ååä¸ä½ï¼</span></span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éå é¾æ¹ç´«è天è¡ï¼è½¦ç¨</span></font><font face="Calibri"><span leaf="">8</span></font><font face="å®ä½"><span leaf="">åéï¼ã西溪é¶æ³°åï¼è½¦ç¨</span></font><font face="Calibri"><span leaf="">10</span></font><font face="å®ä½"><span leaf="">åéï¼æä¾é«ç«¯è´ç©ä½éªã</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>äºåä¸å¦ï¼ä¹å¹´ä¸è´¯å¶ï¼ãæ±æ¯æ洲第äºå°å¦ï¼çéç¹ï¼å½¢æå ¨é¾æè²é¾ã</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«çæè²ï¼</span>西æ¹å¤§å¦äºè°·æ ¡åºï¼</span></font><font face="Calibri"><span leaf="">2</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ãæµæ±å¤§å¦ç´«éæ¸¯æ ¡åºï¼</span></font><font face="Calibri"><span leaf="">4</span></font><font face="å®ä½"><span leaf="">å ¬éï¼æä¾äº§å¦ç èå¨èµæºã</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>æµæ±å»é¢ä¸å¢©é¢åºï¼</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å ¬éï¼ãè§åä¸çå¸ä¸å»é¢å西åé¢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;">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;">èªç¶æ¯è§ï¼</span>è¬é©¾æ¡¥æ¸¯æ²³éæ¯è§å¸¦ç¯ç»ï¼</span></font><font face="Calibri"><span leaf="">2</span></font><font face="å®ä½"><span leaf="">å ¬éå å¯è¾¾å °éæ¯åºï¼äºå¹¸å ¬åãä¸å¢©ä½è²å ¬åæä¾æ¥å¸¸ä¼é²ç©ºé´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;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;">ä¾åºç¨ç¼ºï¼</span>ä¸å¢©æ¿åè¿</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å¹´ä» åºè®©</span></font><font face="Calibri"><span leaf="">2</span></font><font face="å®ä½"><span leaf="">å®å® å°ï¼</span></font><font face="Calibri"><span leaf="">2024</span></font><font face="å®ä½"><span leaf="">年滨æ±æ£ ææ ç¿ ï¼éä»·</span></font><font face="Calibri"><span leaf="">3.68</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¡ï¼å¼çå³ç½ï¼å½åæ ç«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;">éæ±æºçï¼</span>äºææ¿ï¼ç´«çå°ãåå®ç´«é¡ï¼æ交åä»·</span></font><font face="Calibri"><span leaf="">2.68</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">-3.07</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¡ï¼æçå¨æ缩çè³</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">天ï¼å°ç¼æ¹åéæ±æç¡®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.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;">æ½å¨ç«åï¼</span>æªæ¥</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å®åæ¹ä½å°åï¼æ»å»ºé¢</span></font><font face="Calibri"><span leaf="">18.6</span></font><font face="å®ä½"><span leaf="">ä¸ã¡ï¼å°éç»å ¥å¸ï¼ä½çæå æ ç´æ¥ç«äºã</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·®å¼åæºä¼ï¼</span>æ¿åè¿</span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">å¹´æ ä½å¯äº§åï¼å®¹ç§¯çâ¤</span></font><font face="Calibri"><span leaf="">2.5</span></font><font face="å®ä½"><span leaf="">ï¼ï¼å¯å¡«è¡¥æ¹åéæ±ç©ºç½ã</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;">å西ç§å大走å»ï¼</span>享å人æå¼è¿ãç¨æ¶åå æ¿çï¼é¢è®¡</span></font><font face="Calibri"><span leaf="">2030</span></font><font face="å®ä½"><span leaf="">å¹´éè</span></font><font face="Calibri"><span leaf="">50</span></font><font face="å®ä½"><span leaf="">ä¸ç§å人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;">ç´«é港ç§æåè§åï¼</span>éç¹åå±æ°åç»æµï¼é¿éäºãèé¸æ»é¨çä¼ä¸å ¥é©»å¸¦å¨èä½éæ±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;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;">ä¸æç»åï¼</span>以é«å±ï¼</span></font><font face="Calibri"><span leaf="">18-20F</span></font><font face="å®ä½"><span leaf="">ï¼</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å°é«å±ï¼</span></font><font face="Calibri"><span leaf="">10-12F</span></font><font face="å®ä½"><span leaf="">ï¼ä¸ºä¸»ï¼å ¼é¡¾åéä¸æ¹å客群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.æ·åé æ¯</span></span></font></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;">åéæ·åï¼</span></span></font><font face="Calibri"><span leaf="">70-90</span></font><font face="å®ä½"><span leaf="">ã¡ä¸¤è³ä¸æ¿ï¼å æ¯</span></font><font face="Calibri"><span leaf="">40%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼æ»ä»·æ§å¶å¨</span></font><font face="Calibri"><span leaf="">250</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">-350</span></font><font face="å®ä½"><span leaf="">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;">æ¹åæ·åï¼</span></span></font><font face="Calibri"><span leaf="">110-140</span></font><font face="å®ä½"><span leaf="">ã¡åæ¿ï¼å æ¯</span></font><font face="Calibri"><span leaf="">50%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼ä¸»æ¨ééæ§åæ²³æ¯è§éã</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;">顶é 产åï¼</span></span></font><font face="Calibri"><span leaf="">160-180</span></font><font face="å®ä½"><span leaf="">ã¡å¤§å¹³å±ï¼å æ¯</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼æé ç¨ç¼ºæ§æº¢ä»·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..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¯è§å©ç¨ï¼</span>é«å±ååæ大åæ²³æ¯è§éï¼å°é«å±è®¾ç½®éå°é²å°å¢å¼ºæº¢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;">ç§æå ç´ ï¼</span>å¼å ¥æºè½å®¶å± ç³»ç»ï¼æé âæºæ §ç¤¾åºâæ ç¾ã</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 ¬åºé ç½®ï¼</span>å ±äº«ä¹¦æ¿ï¼</span></font><font face="Calibri"><span leaf="">200</span></font><font face="å®ä½"><span leaf="">ã¡ï¼ã社åºå¥èº«æ¿ï¼å¹é ç§å人群éæ±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;">èä½å¹³è¡¡ï¼</span></span></font><font face="Calibri"><span leaf="">5</span></font><font face="å®ä½"><span leaf="">å ¬éåå¾è¦ç</span></font><font face="Calibri"><span leaf="">20</span></font><font face="å®ä½"><span leaf="">ä¸äº§ä¸äººå£ï¼éå¤æ¶é´â¤</span></font><font face="Calibri"><span leaf="">15</span></font><font face="å®ä½"><span leaf="">åéã</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;">æè²èµæºï¼</span>å ¨é¾æè²é¾ä¼äºç«åï¼å¸å¼å®¶åºå®¢ç¾¤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;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¿éå·´å·´ãèé¸ã移å¨çä¼ä¸åå·¥ï¼å æ¯</span></font><font face="Calibri"><span leaf="">60%</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;">é«æ ¡ç¾¤ä½ï¼</span>西æ¹å¤§å¦ãæµå¤§æèå·¥åç§ç 人æï¼å æ¯</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;">å°ç¼æ¹åï¼</span>ç´«çå°ãåå®ç´«é¡çå°åºç½®æ¢å®¢ç¾¤ï¼å æ¯</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></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»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;">å¹´è½»ç§æ人æï¼</span>å好å°æ·åãä½æ»ä»·ï¼æ³¨é社åºç¤¾äº¤ç©ºé´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;">家åºæ¹å客æ·ï¼</span>å ³æ³¨å¦åºåè´¨ãæ·åééæ§åæ¯è§èµæºã</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;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;">ææ¬ä¼åï¼</span>éç¨è£ é å¼å»ºçï¼æ¿çå¥å±å®¹ç§¯çï¼ï¼æ§å¶åæ¹ææ¬â¤</span></font><font face="Calibri"><span leaf="">5,500</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;">å·¥æ管æ§ï¼</span>æ¿å°å</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">个æå å¼å·¥ï¼éç¨âå¿«å¨è½¬â模å¼ç¼©çå¼åå¨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"><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¸å¼çï¼</span>èåæé³ãå°çº¢ä¹¦</span></font><font face="Calibri"><span leaf="">KOL</span></font><font face="å®ä½"><span leaf="">æé âäºè°·æºæ §ç¤¾åºâ</span></font><font face="Calibri"><span leaf="">IP</span></font><font face="å®ä½"><span leaf="">ï¼çªåºäº§ä¸é å¥ä¼å¿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¸ä½éªï¼</span>å¨é¿éååºè®¾å±å ï¼å®åé约ä¼ä¸åå·¥å è´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: 14px;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-size: 14px;font-weight: bold;">产ä¸å¨æé£é©ï¼</span>æ°åç»æµè¡ä¸æ³¢å¨å¯è½å½±åè´æ¿éæ±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«åæ¤åï¼</span>æªæ¥</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">å®å® å°å ¥å¸æåæµå®¢æ·ï¼éæåéå®æå客æºã</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;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;">åç溢价ï¼</span>建议æ»ä»·ä¸é</span></font><font face="Calibri"><span leaf="">13.6</span></font><font face="å®ä½"><span leaf="">亿å ï¼æº¢ä»·ç</span></font><font face="Calibri"><span leaf="">20%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼å¯¹åºæ¥¼é¢ä»·</span></font><font face="Calibri"><span leaf="">17,412</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;">临çæµç®ï¼</span>楼é¢ä»·â¤</span></font><font face="Calibri"><span leaf="">16,500</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¡æ¶ä¿æ¬å®ä»·</span></font><font face="Calibri"><span leaf="">3.1</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¯è¦çå¨è¾¹äºææ¿ä»·æ ¼ã</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;font-weight: bold;text-decoration: underline;">å «ãæ ¸å¿ç»è®º</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>ç§å产ä¸</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å轨交</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å ¨é¾æè²é¾ï¼å±å西ç¨ç¼ºäº§åèåå°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;">å¸åºå®ä½ï¼</span>ä¾ééé ä¸æ¹åéæ±æç¡®ï¼æ¿ç红å©æ¯æé¿æä»·å¼ã</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>é«ä½é ç»å</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">æºæ §ç¤¾åºè®¾è®¡ï¼å·®å¼åå¡«è¡¥æ¿å空ç½ã</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>以é¿éç³»åå·¥ä¸ºæ ¸å¿ï¼å å é«æ ¡åå°ç¼å®¢ç¾¤ï¼éæ±ç¨³åºã</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¬æ¨¡å¼</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">ç²¾åè¥éï¼éè¦ææªæ¥ç«åå²å»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;">åºä»·å»ºè®®ï¼</span>溢价ç</span></font><font face="Calibri"><span leaf="">15%-20%</span></font><font face="å®ä½"><span leaf="">为å®å ¨åºé´ï¼æ»ä»·ä¸é</span></font><font face="Calibri"><span leaf="">13.6</span></font><font face="å®ä½"><span leaf="">亿å ã</span></font></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="">ï¼æ³¨ï¼æ¬æ¥åæ°æ®åæ¥èªå ¬å¼ç»è®¡åè¡ä¸è°ç ï¼åæç»è®ºä» ä¾åèï¼</span><span leaf="">å项ææ 以æç»è§å审æ¹ä¸ºåãï¼</span></font></span></p><section style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><span style="font-family: å®ä½;"></span></span></section><section style="margin-top: 16px;"><span style="font-family: å®ä½;font-size: 10.5pt;"><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 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