<section style="margin-top: 16px;"><span style=""><span style="font-family:å®ä½;"></span></span></section><section style="margin-top: 16px;"><span style=""><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><p data-pm-slice="0 0 []"><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;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">01</span><span textstyle="" style="font-size: 24px;font-weight: bold;">å¸åºæ¦åµ</span></span></font></span></p><p data-pm-slice="0 0 []"><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;"><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´ä½å¸åºè¡¨ç°</span></span></font></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´ä¸å£åº¦åè¥æ¥¼å¸åç°âå æåæ¬âæå¿ï¼</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">æè¿æ¥âå°é³æ¥âè¡æ ã</span></font><font face="Calibri"><span leaf="">1-2</span></font><font face="å®ä½"><span leaf="">æåæ¥èæ·¡å£å½±åï¼æ°æ¿æäº¤ä½è¿·ï¼ä½</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">æå¿«éåå¼¹ï¼å¸åºæ°æ¿æäº¤çº¦</span></font><font face="Calibri"><span leaf="">2092</span></font><font face="å®ä½"><span leaf="">å¥ï¼åæ¯ä¸æ¶¨</span></font><font face="Calibri"><span leaf="">53.04%</span></font><font face="å®ä½"><span leaf="">ï¼äºææ¿æäº¤</span></font><font face="Calibri"><span leaf="">9318</span></font><font face="å®ä½"><span leaf="">å¥ï¼æªè³</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">æ</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">æ¥ï¼ï¼åå¨æäº¤ç¨³å®å¨</span></font><font face="Calibri"><span leaf="">2000</span></font><font face="å®ä½"><span leaf="">å¥å·¦å³ã</span></font></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf="">æ°æ¿åä»·ç»ææ§ååææ¾ï¼æ»¨æ¹ãæ¿å¡åºåä»·è¶ </span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ï¼æ°ç«åºç»´æ</span></font><font face="Calibri"><span leaf="">1.6</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¡ä»·æ ¼æ´¼å°ï¼äºææ¿å¸åºâ以价æ¢éâç¹å¾æ¾èï¼æ¿å¡ãæ»¨æ¹æ¬¡æ°æ¿éä»·å¹ åº¦è¾¾</span></font><font face="Calibri"><span leaf="">10%-30%</span></font><font face="å®ä½"><span leaf="">ï¼å¸¦å¨åéå ¥åºã</span></font></span></p><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;"><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;">æ¿çä¸çç¹äºä»¶</span></span></font></span><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;"><o:p></o:p></span></p><section><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">æ¿ç端æç»å®½æ¾ï¼è´æ¿è¡¥è´´ãå ¬ç§¯éå¼å°è´·æ¬¾å ¨é¢æ¾å¼ï¼å¦æ»å·å ¬ç§¯éå¯ç¨äºèå·è´æ¿ï¼åæ¿è´·å©çä½ä½è¿è¡ï¼é¦å¥å©ç</span></font><font face="Calibri"><span leaf="">3%</span></font><font face="å®ä½"><span leaf="">ï¼éä½ç½®ä¸é¨æ§ãåå°å¸åºå½å¤®ä¼ä¸»å¯¼ï¼å æ²³ãæ»¨æ¹æ ¸å¿å°åç¨ç¼ºæ§å¸æ¾ï¼æ¿ä¼æèµåçå使æ¬åå¸å¤æº¢ã</span></font></span></section><section><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">çç¹æ¿åå¦ç¶æµ·ä¸é¨æ°ä¸å¿ãå æ²³æ·æ²³æ¿åè§å红å©éæ¾ï¼è¿å¤§ä¹åºï¼æ»¨æ¹ï¼ãä¿å©é¾å·ç§æ¦ï¼æ¿å¡ä¸ï¼çé«ç«¯é¡¹ç®å ¥å¸ææ¯å¸åºé¢æã</span></font><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;"><o:p></o:p></span></span></section><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;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">02</span><span textstyle="" style="font-size: 24px;color: rgb(0, 0, 0);font-weight: bold;">客æ·ç»ååæ</span></span></font></span><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;"><o:p></o:p></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.客æ·åºç¡ç¹å¾</span></span></font><font face="å®ä½"><span leaf=""><br /></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">å¹´é¾åå¸ã</span></font></span></font><font face="Calibri"><span leaf="">85</span></font><font face="å®ä½"><span leaf="">åï¼</span></font><font face="Calibri"><span leaf="">21.6%</span></font><font face="å®ä½"><span leaf="">ï¼ã</span></font><font face="Calibri"><span leaf="">90</span></font><font face="å®ä½"><span leaf="">åï¼</span></font><font face="Calibri"><span leaf="">21.3%</span></font><font face="å®ä½"><span leaf="">ï¼ä¸ºä¸»åï¼</span></font><font face="Calibri"><span leaf="">00</span></font><font face="å®ä½"><span leaf="">åï¼</span></font><font face="Calibri"><span leaf="">6.2%</span></font><font face="å®ä½"><span leaf="">ï¼é¦æ¬¡ç½®ä¸éæ±ä¸åã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">éæ±åå±ï¼åéå æ¯</span></font><font face="Calibri"><span leaf="">60%</span></font><font face="å®ä½"><span leaf="">ï¼æ»ä»·é¢ç®</span></font><font face="Calibri"><span leaf="">50-150</span></font><font face="å®ä½"><span leaf="">ä¸ï¼å好</span></font><font face="Calibri"><span leaf="">70-90</span></font><font face="å®ä½"><span leaf="">ã¡ä¸å°æ·åï¼é䏿°ç«ãç¶æµ·ä½ä»·æ¬¡æ°æ¿ï¼æ¹å群ä½å æ¯</span></font><font face="Calibri"><span leaf="">30%</span></font><font face="å®ä½"><span leaf="">ï¼æ»ä»·</span></font><font face="Calibri"><span leaf="">200-400</span></font><font face="å®ä½"><span leaf="">ä¸ï¼å ³æ³¨</span></font><font face="Calibri"><span leaf="">120-150</span></font><font face="å®ä½"><span leaf="">ã¡åè´¨ä½å® ï¼èç¦æ¿å¡ã滨æ¹ã髿°æ ¸å¿åºã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.è¡ä¸ºå好</span></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">æ°æ¿éæ©ãæ¹å客群éçâé«å¾æ¿çãä½å®¹ç§¯çâæ°è®¡å®¹é¡¹ç®ï¼å¦ç½®å°æ¾è°·é¸£ç¿ ã绿å馿µ·æ£ ï¼ï¼åéå¾å髿§ä»·æ¯æ¥¼çï¼å¦çæäºå¯é¦ä¸ï¼ã</span></font></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">äºæåå¥½ãæ¿å¡ãåºé³ä¼è´¨å¦åºæ¿ææ¹åç½®æ¢ç¦ç¹ï¼æ°ç«ãç¶æµ·æ»ä»·</span></font></span></font><font face="Calibri"><span leaf="">70-80</span></font><font face="å®ä½"><span leaf="">䏿¬¡æ°æ¿å¸å¼å¤å°åéã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">03</span><span textstyle="" style="font-size: 24px;font-weight: bold;">åºåå¸åºå¯¹æ¯</span></span></font></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">1.ååºå表ç°</span></span></font><font face="å®ä½"><span leaf=""><br /></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">æ ¸å¿åºï¼æ¿å¡ã滨æ¹ã髿°ï¼ãæ¿å¡åºæ°æ¿åä»·</span></font></span></font><font face="Calibri"><span leaf="">2.9</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¡ï¼æ»¨æ¹çåºæ¿åé«ç«¯çï¼è¿å¤§ä¹åºï¼æ¯æ</span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">+/</span></font><font face="å®ä½"><span leaf="">ã¡å¤©è±æ¿ï¼äºææ¿ä»·æ ¼é§æ§è¾å¼ºï¼æ¿å¡å¦åºæ¿æçä»·</span></font><font face="Calibri"><span leaf="">2.6</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¡ã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">æ°å ´åºï¼å æ²³ãç»å¼ï¼ãæ°å ´åºï¼å æ²³ãç»å¼ï¼ï¼å æ²³åºæäº¤éé¢</span></font></span></font><font face="Calibri"><span leaf="">68.87</span></font><font face="å®ä½"><span leaf="">亿å å± é¦ï¼æ·æ²³æ¿åè´¡ç®è¶ </span></font><font face="Calibri"><span leaf="">30%</span></font><font face="å®ä½"><span leaf="">ï¼ç»å¼åºç½®å°æ¾è°·é¸£ç¿ ï¼åä»·</span></font><font face="Calibri"><span leaf="">3.16</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¡ï¼æå¨åºåé«ç«¯åã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">è¿éï¼æ°ç«ãç¶æµ·ï¼ãæ°ç«åºåä»·</span></font></span></font><font face="Calibri"><span leaf="">1.6</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¡æ¿æ¥å¤æº¢åéï¼ç¶æµ·ä¸é¨æ°ä¸å¿ï¼é¦æ³°æ¦ä¹ç« ï¼ç度æåï¼åºåååä»åã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-weight: bold;">2.æ¿åä»·å¼åæ</span></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">æ¿å¡ä¸æ¿åï¼å æ²³ï¼ã便æ¿å¡åºå¤æº¢ï¼ä¿å©é¾å·ç§æ¦ï¼çº¯ä½å¯æ´æ¿ï¼ææ¹åæ°å® ï¼å®¢ç¾¤åå±çº¯ç²¹ã</span></font></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">èè¥¿æ¹æ¿åï¼é«æ°ï¼ãéåç§æãå导ä½äº§ä¸é©±å¨ï¼ç»¿å馿µ·æ£ ï¼åä»·</span></font></span></font><font face="Calibri"><span leaf="">3.02</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¡ï¼å¼é¢åºåä»·å¼ã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">ä¸é¨æ°ä¸å¿ï¼ç¶æµ·ï¼ãè§å红å©éæ¾ï¼ä½é å¥å¾ å®åï¼ä¾èµâ以价æ¢éâå»åã</span></font></span></font></span></p><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;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">04</span></span><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 24px;color: rgb(0, 0, 0);font-weight: bold;">ç«äºæ ¼å±</span></span></font></span><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;"><o:p></o:p></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf="">ã</span><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal","data-pm-slice":"0 0 []"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">æ¿ä¼éä¸åº¦</span></font><font face="å®ä½"><span leaf="">ãå½å¤®ä¼å 主导ï¼</span></font></span></font><font face="Calibri"><span leaf="">TOP3</span></font><font face="å®ä½"><span leaf="">æ¿ä¼ï¼å®å¾½ç½®å°ãåè¥å建ãåå·é¦æ³°ï¼ä¸å£åº¦éå®åè¶ </span></font><font face="Calibri"><span leaf="">13</span></font><font face="å®ä½"><span leaf="">亿å ï¼å¸åºä»½é¢å头é¨éä¸ã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">产åç«äºãæ°è®¡å®¹é¡¹ç®å æ¯è¿åï¼åè´¨å级ï¼å¦è¿å¤§ä¹åºæºæ §ä½å® ï¼æå·®å¼åæ ¸å¿ï¼é计容项ç®éè¿æ§ä»·æ¯ï¼å¦çæäºå¯åç« ï¼äºå¤ºä»½é¢ã</span></font></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">夿¥æ¿ä¼ãä¸ç§ã绿åçæ·±èåçå认å¯ï¼æ¸¯èµï¼æ°é¸¿åºï¼åé¨å粤系æ¿ä¼ï¼åè¶ï¼å°æªå¸å±ã</span></font></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">05</span></span><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;">çé项ç®åæ</span></span></font></span><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;"><o:p></o:p></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf="">ã</span><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal","data-pm-slice":"0 0 []"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">馿³°æ¦ä¹ç« ï¼ç¶æµ·ä¸æ°ï¼</span></font><font face="å®ä½"><span leaf="">ã</span></font></span></font><font face="Calibri"><span leaf="">3</span></font><font face="å®ä½"><span leaf="">ææäº¤</span></font><font face="Calibri"><span leaf="">120</span></font><font face="å®ä½"><span leaf="">å¥å± é¦ï¼</span></font><font face="Calibri"><span leaf="">113</span></font><font face="å®ä½"><span leaf="">ã¡ä¸æ¿ä¸¤å«ä½¿ç¨ç</span></font><font face="Calibri"><span leaf="">93%</span></font><font face="å®ä½"><span leaf="">ï¼æ»ä»·</span></font><font face="Calibri"><span leaf="">230</span></font><font face="å®ä½"><span leaf="">ä¸å ï¼ç²¾åæ¿æ¥èåæ¹å夿º¢ã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">æå奥ä½å ¬åï¼æ°ç«ï¼ãåä»·</span></font></span></font><font face="Calibri"><span leaf="">1.3-1.8</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">/</span></font><font face="å®ä½"><span leaf="">ã¡ï¼é¦ä»</span></font><font face="Calibri"><span leaf="">30</span></font><font face="å®ä½"><span leaf="">ä¸å³å¯ä¸è½¦ï¼é å»ºå¦æ ¡</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">å°éï¼å¸å¼å¹´è½»äº§ä¸äººå£ã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">䏿µ·æ¦åºäºæï¼å æ²³æ·æ²³ï¼ãé¦å¼å»å</span></font></span></font><font face="Calibri"><span leaf="">80%</span></font><font face="å®ä½"><span leaf="">ï¼å¾æ¿çè¶ </span></font><font face="Calibri"><span leaf="">90%</span></font><font face="å®ä½"><span leaf="">ï¼</span></font><font face="Calibri"><span leaf="">143</span></font><font face="å®ä½"><span leaf="">ã¡åæ¿åå«è®¾è®¡åæ°ã</span></font></span></p><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;"><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">06</span></span><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;">ä¸å®¶ä¸æºæè§ç¹</span></span></font></span><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;"><o:p></o:p></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf="">ã</span><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal","data-pm-slice":"0 0 []"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">åè¥å¤§å¦æ¿å°äº§ç ç©¶æãäºææ¿å¸åºæ´»è·åæ çå®éæ±åå¨ï¼æ¿çéè¿ä¸æ¥ä¼åä¾éç»æã</span></font></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">ç¬¬ä¸æ¿ç ç©¶é¢ãæ ¸å¿åºä¼è´¨èµäº§æè·æ§å¼ºï¼è¿ééå¦åºèæ¿æµå¨æ§é£é©å å§ã</span></font></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">䏿é¢ãåè¥è¢«å为</span></font></span></font><font face="Calibri"><span leaf="">2025</span></font><font face="å®ä½"><span leaf="">å¹´âæäº¤è§æ¨¡çå å稳âåå¸ï¼ä½åºåæ¯æå¸åºä¿®å¤æ½åã</span></font></span></p><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;"><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">07</span></span><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;">客æ·éæ±ä¸çç¹</span></span></font></span><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;"><o:p></o:p></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf="">ã</span><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal","data-pm-slice":"0 0 []"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">éæ±è¶å¿</span></font><font face="å®ä½"><span leaf="">ãåé客群é¢ç®åæ§ï¼ä¼å æ»ä»·</span></font></span></font><font face="Calibri"><span leaf="">100</span></font><font face="å®ä½"><span leaf="">ä¸å äºææ¬¡æ°ææ°ç«ãç¶æµ·æ°æ¿ï¼æ¹å客群注é产åè¿ä»£ï¼å¦å¾æ¿çè¶ </span></font><font face="Calibri"><span leaf="">90%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼å¦åºéæ±å¼ºçã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">æ ¸å¿çç¹ãæ°æ¿æ ¸å¿åºé¨æ§é«ï¼æ»¨æ¹</span></font></span></font><font face="Calibri"><span leaf="">300</span></font><font face="å®ä½"><span leaf="">ä¸</span></font><font face="Calibri"><span leaf="">+</span></font><font face="å®ä½"><span leaf="">ï¼ï¼è¿éå»åé¾ï¼äºæå¸åºè®®ä»·å¨æé¿ï¼å¹³å</span></font><font face="Calibri"><span leaf="">223</span></font><font face="å®ä½"><span leaf="">天ï¼ï¼é¨åæ¿æºéä»·è¶ </span></font><font face="Calibri"><span leaf="">30%</span></font><font face="å®ä½"><span leaf="">ä»é¾æäº¤ã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="" style="font-family: å®ä½;font-size: 10.5pt;"><span textstyle="" style="font-size: 50px;color: rgb(124, 139, 9);font-weight: bold;text-decoration: underline;">08</span></span><span leaf=""><span textstyle="" style="font-size: 24px;font-weight: bold;">é£é©ä¸å»ºè®®</span></span></font></span><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;"><o:p></o:p></span></p><p data-pm-slice="0 0 []"><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;"><font face="å®ä½"><span leaf="">ã</span><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal","data-pm-slice":"0 0 []"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">é£é©æç¤º</span></font><font face="å®ä½"><span leaf="">ãè¿éæ¿åï¼æ°ç«ãé¿ä¸°ï¼å»ååå大ï¼éæ ¸å¿å¦åºèç ´å°ä»·æ ¼æç»§ç»æ¢åºï¼æ¿äº§ç¨è¯ç¹é¢æå温å²å»æèµéæ±ã</span></font></span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;"><font face="å®ä½"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"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;"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"font","attributes":{"face":"å®ä½"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]">çç¥å»ºè®®ãæ¿ä¼æ ¸å¿åºèç¦é«ç«¯äº§ååï¼è¿ééå å¤§ææ£ï¼å¦â以价æ¢éâï¼ï¼è´æ¿è åéææ¡äºæä»·æ ¼çªå£ï¼æ¿å¡ãæ»¨æ¹æ¬¡æ°ç¬çï¼ï¼æ¹åå ³æ³¨æ ¸å¿åºæ°çï¼å¦ç½®å°äºå°æ æï¼ã</span></font></span></font></span></p><p><span 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["para",{"tagName":"p","attributes":{"class":"MsoNormal","data-pm-slice":"0 0 []"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">çæï¼</span></font><font face="Calibri"><span leaf="">2025Q2</span></font><font face="å®ä½"><span leaf="">ï¼ãâéä¸é¶åâç»ææ§åæï¼æ ¸å¿åºéä»·ç¨³ä¸æåï¼é¢è®¡æ¶¨å¹ </span></font></span></font><font face="Calibri"><span leaf="">3-5%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼æ¿å¡å¦åºæ¿è¿èå²è¡æ ï¼è¿éä¾èµéä»·ä¿éï¼é¨åé¡¹ç®ææ£æè¾¾</span></font><font face="Calibri"><span leaf="">10%</span></font><font face="å®ä½"><span leaf="">ã</span></font></span><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;"><o:p></o:p></span></p><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;"><font face="å®ä½"><span leaf="">ã</span><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;" data-pm-slice="3 3 ["para",{"tagName":"p","attributes":{"class":"MsoNormal"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]"><font face="å®ä½"><span leaf="">ä¸é¿æï¼</span></font><font face="Calibri"><span leaf="">2025-2026</span></font><font face="å®ä½"><span leaf="">ï¼ãç§å产ä¸ï¼éåãæ°è½æºï¼é©±å¨é«ç´ è´¨äººå£æµå ¥ï¼æ ¸å¿åºï¼é«æ°ã滨æ¹ï¼æ¿ä»·å¯¹æ å京ï¼å½å为å京</span></font></span></font><font face="Calibri"><span leaf="">50%</span></font><font face="å®ä½"><span leaf="">ï¼ï¼å¢å¼ç©ºé´æ¾èï¼å¸åºååæ·±åï¼è¿éåéå¦åºèæ¿æµå¨æ§é£é©å å§ã</span></font></span><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;"><o:p></o:p></span></p><section style="text-align: left;margin-top: 0px;margin-bottom: 0px;"><span style="color: rgba(0, 0, 0, 0.9);font-family: å®ä½;font-size: 14px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: 0.544px;orphans: 2;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;background-color: rgb(255, 255, 255);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;float: none;display: inline !important;" data-pm-slice="0 0 []"><span leaf="">ï¼æ³¨ï¼æ¬æ¥åæ°æ®åæ¥èªå ¬å¼ç»è®¡åè¡ä¸è°ç ï¼åæç»è®ºä» ä¾åè</span></span></section><section style="text-align: center;margin-top: 0px;margin-bottom: 0px;"><span leaf="">*</span><span style="background-color: rgb(255, 255, 255);font-family: å®ä½;font-size: 14px;letter-spacing: 0.476px;"></span></section><section data-role="outer" label="Powered 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