<p><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;"><br /></span></span></p><p><span style="text-decoration: underline;"><strong><span style="text-decoration: underline;font-family: å®ä½;letter-spacing: 0.034em;font-size: 24px;">ä¸ãå¸åºæ¦åµ</span></strong></span><br /></p><p><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">1. æ´ä½å¸åºè¡¨ç°</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">éä»·èµ°å¿ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">1-2æ西å®æ°æ¿å¸åºåç°âé缩价稳âç¹å¾ãæ°æ¿å ¨åå价约16,528å /ã¡ï¼ç¯æ¯å¾®é0.38%ï¼å ¶ä¸é«æ°åºï¼24,694å /ã¡ï¼ãæ²æ±æ°åºï¼2.07ä¸å /ã¡ï¼çæ ¸å¿åºä»·æ ¼åæºï¼èè¿éå¦å¨è³å¿ï¼4,126å /ã¡ï¼ä»·æ ¼æç»ä½ä½ãäºææ¿å¸åºæ交活è·ï¼1æç½ç¾éè¾¾6,048å¥ï¼ä½ä»·æ ¼åæ¯ä¸è·7%ï¼é¨ååºåå¦æµçå½é 港ã奥ä½ä¸å¿æ交åæã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ä¾éç»æï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><span style="font-family:å®ä½;">主ååº</span><span style="font-family:å®ä½;">1-2ææ°å¢ä¾åºä»¥æ¹åå产å为主ï¼48个纯æ°çå ¥å¸ï¼ä½åæ¥èåæå½±åï¼æ°æ¿æ交éç¯æ¯ä¸æ»14%ï¼åºåå»åå¨æ延é¿è³12个æã</span></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">2. æ¿çä¸çç¹äºä»¶</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¿ç宽æ¾ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><span style="font-family:å®ä½;">西å®å ¨é¢åæ¶éè´éå®ï¼é¦å¥</span><span style="font-family:å®ä½;">/äºå¥åè´·é¦ä»æ¯ä¾ç»ä¸éè³15%ï¼å©ç3.2%ï¼LPR-40BPï¼ï¼å ¬ç§¯é贷款é¢åº¦æåï¼å¤å©å®¶åºæé«å¯è´·120ä¸å ã</span></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">çç¹äºä»¶ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">åæååï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æµçå½é 港è¯çé¦å®âä¸å å°âï¼æ¥¼é¢ä»·11,911å /ã¡ï¼ï¼å润ææé 对æ æå西å®åºçé«ç«¯æ²³æ¯è±ªå® ï¼è¥¿å¸æ°åºè½æºéè´¸åºæ交3å®ä½å¯å® å°ï¼å®ä½åéåæ¹å产åã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">交ä»äºè®®ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ²æ±åæé¡çå°åºå 车ä½é«ä»·éå®ï¼18ä¸å /个ï¼å¼åç»´æï¼å®æ¹ä»å ¥è¦æ±âä¸å¾åªåä¸ç§âã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><p><span style="text-decoration: underline;"><strong><span style="text-decoration: underline;font-family: å®ä½;letter-spacing: 0.034em;font-size: 24px;">äºã客æ·ç»ååæ</span></strong></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">1. 客æ·åºç¡ç¹å¾</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¥æºç»æï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><span style="font-family:å®ä½;"> ã西å®æ¬å°è´æ¿è å æ¯</span><span style="font-family:å®ä½;">25%ï¼çå å ¶ä»åå¸ï¼éåãå ³ä¸ï¼å 45%ï¼å¤ç客群ï¼å¦çèã山西ï¼å 30%ã</span></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">éæ±åå±ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">åé客群ï¼50%ï¼ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ»ä»·é¢ç®â¤150ä¸ï¼å好å°é沿线å°æ·åï¼90-120ã¡ï¼åä½ä»·äºææ¿ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¹å客群ï¼25%ï¼ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">å ³æ³¨é«æ°ãæ²æ±å代ä½å® ï¼180ã¡+ï¼ï¼éè§æè²èµæºï¼å¦é«æ°ä¸ä¸åæ ¡ï¼åä½å¯ç¤¾åºã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æèµå®¢ç¾¤ï¼10%ï¼ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">èç¦é«æ°CIDã港å¡åºäº§ä¸å°åï¼å¾åæ ¸å¿å°æ®µé价次æ°æ¿ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">2. è¡ä¸ºå好</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">å³çå¨æ延é¿ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">è´æ¿è å¹³åçæ¿æ¬¡æ°å¢å è³6-8次ï¼è®®ä»·ç©ºé´æ©å¤§è³5%-10%ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¸ éä¾èµï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">线ä¸æ¾æ¿ç度ç¯æ¯ä¸æ¶¨65.6%ï¼ä½çº¿ä¸æ¡åºè½¬åçä» 5%ï¼å®¢æ·æ´ä¾èµä¸ä»å¸¦çåç人æ¨èã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><p><span style="text-decoration: underline;"><strong><span style="text-decoration: underline;font-family: å®ä½;letter-spacing: 0.034em;font-size: 24px;">ä¸ãåºåå¸åºå¯¹æ¯</span></strong></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">1. ååºå表ç°</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ ¸å¿æè·åºï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">é«æ°åºï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ°æ¿åä»·24,694å /ã¡ï¼äºææ¿14,487å /ã¡ï¼ä¾æ产ä¸ï¼ç§æ/éèï¼ååæ ¡èµæºï¼é«æ°ä¸å°ï¼é¢æ¶¨ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ²æ±æ°åºï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¹åå项ç®ä¸»å¯¼ï¼éèçé¸ä¸æ¹ï¼åä»·3.5ä¸/ã¡ï¼å»åç78%ï¼æè²èµæºï¼æ²æ±ä¸ä¸ï¼ææ ¸å¿åç¹ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ½åå¢é¿åºï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æµçå½é 港ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">奥ä½ä¸å¿ãä¼å±ä¸å¿å¸¦å¨ï¼1-2ææ交ç¯æ¯å¢30%ï¼å润ä¸å å°é¡¹ç®é¢è®¡å®ä»·çªç ´5ä¸/ã¡ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">港å¡åºï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">èªè´¸åºæ¿ç红å©ä¸ï¼æå西å®çºï¼åä»·2.8ä¸/ã¡ï¼å»å亮ç¼ï¼å¸å¼å¹´è½»å®¶åºåæèµå®¢ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">é£é©æ¿ååºï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">西å¸æ°åºï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">åºåå»åå¨æè¶ 18个æï¼éæ 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æ¿åä»·å¼åæ</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">é«æ°CID/软件æ°åï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ä¸è·¯ç§å¦åè§åæ¨å¨ï¼å°å»ºåä¿¡139亩ä½å¯å°åå ¥å¸ï¼æªæ¥ææé«ç«¯æ¹åæ°æ æã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ²£ä¸æ°åï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ä¸å¸é³ä¸ä½åå éï¼æ¿ä»·æ´¼å°æåºæ¾ç°ï¼åä»·1.2ä¸/ã¡ï¼ï¼ä½éè¦æåè´¨åç«äºã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><p><span style="text-decoration: underline;"><strong><span style="text-decoration: underline;font-family: å®ä½;letter-spacing: 0.034em;font-size: 24px;">åãç«äºæ ¼å±</span></strong></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¿ä¼æ¢¯éååï¼</span></strong><span style="font-family: å®ä½;font-size: 10.5pt;letter-spacing: 0.034em;">ä¿å©ãå润ãä¸å½é建ä½å</span><span style="font-family: å®ä½;font-size: 10.5pt;letter-spacing: 0.034em;">1-2æéå®éé¢TOP3ï¼å¤®å½ä¼å æ¯è¶ 80%ï¼æ°ä¼å¦é«èãä¸åè£èç¦è¥¿å¸ä½æ»ä»·å°åï¼ä»¥âå°æ¥å¿«è·âé¿é©ã</span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">产åçç¥ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">é«ç«¯æ¹åï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æå西å®åºï¼4.7ä¸/ã¡ï¼ã河山é¦ç»£åºï¼4.5ä¸/ã¡ï¼ä¸»æ空ä¸åºé¢ãç§æä½å® ï¼æº¢ä»·è½åæ¾èã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> </span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"> ã</span><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">åéæµéçï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">港å¡åºä¸ç²®å¤§æ¦æªæ¥åï¼1.5ä¸/ã¡ï¼ä»¥ä½é¦ä»ãé车ä½å¸å¼é¦ç½®å®¢ç¾¤ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><p><span style="text-decoration: underline;"><strong><span style="text-decoration: underline;font-family: å®ä½;letter-spacing: 0.034em;font-size: 24px;">äºã客æ·éæ±ä¸çç¹</span></strong></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">1. æ ¸å¿éæ±</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">åè´¨å级ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">è´æ¿è 对å代ä½å® ï¼å¾æ¿ç85%+ï¼ã绿è²ç§æï¼æ温æ湿ï¼éæ±ä¸åï¼æ¿ä¸ºä¼è´¨ç©ä¸æ¯ä»10%-15%溢价ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æè²é å¥ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">é«æ°åäºå°ãéä¸ä¸åæ ¡çåæ ¡å¨è¾¹é¡¹ç®å»åçé«åºå¸åºåå¼20%ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">2. 主è¦çç¹</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ä»·æ ¼ä¸éæï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">é¨åæ°æ¿âæ涨æéâï¼å¤æ¡ä»·ä¸å®é æ交价差达5%-8%ï¼å¼å客æ·ä¿¡ä»»å±æºã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">交ä»é£é©ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">è¿é项ç®å»¶æ交ä»çåè³12%ï¼å®¢æ·å¾åç°æ¿æå½ä¼å¼å项ç®ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">äºææ¿æ¤åï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">主åäºæ次æ°æ¿ï¼åä»·1.3ä¸/ã¡ï¼åæµåé客群ï¼æ°æ¿å»åååå å§ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><p><span style="text-decoration: underline;"><strong><span style="text-decoration: underline;font-family: å®ä½;letter-spacing: 0.034em;font-size: 24px;">å ãé£é©ä¸å»ºè®®</span></strong></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">1. é£é©æ示</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">å¸åºæ³¢å¨ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ç»æµç²è½¯ææ¿çæ¶ç´§å¯è½å¯¼è´ä»·æ ¼ä¸è¡ï¼è¿éæ¿ååºåå»åé£é©è¾é«ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">产ååè´¨åï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">西å¸æ°åºã港å¡åºåè´¨åéçéä¸å ¥å¸ï¼æå¼åä»·æ ¼æã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">2. çç¥å»ºè®®</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">åé客æ·ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ä¼å 港å¡åºå°éçï¼å¦ä¸ç²®å¤§æ¦æªæ¥åï¼å主åäºæ次æ°æ¿ï¼å©ç¨å ¬ç§¯é+åè´·ç»åéä½å©çã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¹å客æ·ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ææ¡3-5ææ¿ççªå£æï¼éå®é«æ°ãæ²æ±ä¼è´¨æ¹åçï¼å ³æ³¨æ¿ä¼â以æ§æ¢æ°â补贴ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¿ä¼ç«¯ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">å å¿«åéå°åå¼åï¼ä¼å产å线ï¼å¦ä¸å°æ·åä½å¯ç¤¾åºï¼ï¼å¼ºå交ä»æ¿è¯ºæå信任度ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><p><span style="text-decoration: underline;"><strong><span style="text-decoration: underline;font-family: å®ä½;letter-spacing: 0.034em;font-size: 24px;">ä¸ãæªæ¥å±æ</span></strong></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">1. çæï¼2025Q2ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">âå°é³æ¥âå¼±åå¼¹ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">3-5ææ¿ä¼å 大æ¨çï¼é¢è®¡æ交ç¯æ¯å¢20%-30%ï¼ä½ä»·æ ¼ä»ä»¥ç¨³ä¸ºä¸»ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¿çå ç é¢æï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ¿è´·å©çæåé20-30BPï¼éåºéè´å¯è½è¿ä¸æ¥æ¾æ¾ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">2. ä¸é¿æï¼2025-2026ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"></span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section><ul class="list-paddingleft-1" style="list-style-type: disc;"><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ç»ææ§åå延ç»ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">æ ¸å¿åºï¼é«æ°ãæ²æ±ï¼å¹´æ¶¨å¹ 3%-5%ï¼è¿é横çï¼äºææ¿äº¤æå æ¯å°çªç ´60%ã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li><li><section style="margin-bottom: 24px;"><strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">产ä¸é©±å¨ä»·å¼ï¼</span></strong><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;">ä¸è·¯ç§å¦åãå½é 港å¡åºäº§ä¸å¯¼å ¥ï¼äº¬ä¸ãå½å®¶çµç½ï¼æå¬çæ°æ¿ä»·æ æã</span><span style="mso-spacerun:'yes';font-family:å®ä½;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></section></li></ul><p><span style="font-family: å®ä½;font-size: 10.5pt;"></span></p><p><span style="font-family: å®ä½;font-size: 10.5pt;letter-spacing: 0.034em;">注ï¼</span><span style="font-family: å®ä½;font-size: 10.5pt;letter-spacing: 0.034em;">æ¬æ¥åæ°æ®åæ¥èªå ¬å¼ç»è®¡åè¡ä¸è°ç ï¼åæç»è®ºä» ä¾åèã</span><br /></p><p><span style="font-family: å®ä½;font-size: 10.5pt;letter-spacing: 0.034em;"></span></p><p><br /></p><h2 style="margin-left: 0pt;text-indent: 0pt;padding: 0pt;vertical-align: baseline;background: rgb(255, 255, 255);"><span style="font-family: å®ä½;letter-spacing: 0pt;font-size: 12pt;background: rgb(255, 255, 255);"><span style="font-family:å®ä½;"></span></span><span style="font-family: å®ä½;letter-spacing: 0pt;font-size: 12pt;background: rgb(255, 255, 255);"><o:p></o:p></span></h2><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>