<h2 style="margin: 24px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;" data-pm-slice="0 0 []"><span leaf="">ä¸ã7æé¤é¥®å¸åºæ´ä½è¡¨ç°ï¼å°ç«ä¸¤é天</span></h2><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">7æçä¸å½é¤é¥®å¸åºåç°åºææ¾çååæå¿ï¼å°±åå¤æ¥éç"å°ä¸ç«ä¹æ"ãä¸æ¹é¢ï¼æµ·åºæçåçå å»å¹´åæåºæ°è¾ä½ï¼ååºéå®é¢ï¼SSSGï¼æææ¹åââæµ·åºæ7æç¿»å°çåæ¯åºæ¬æå¹³ï¼ç»æäºèª2æ以æ¥çä¸æ»è¶å¿ï¼è½ç¶ç¸æ¯ç«æ åæ°´å¹³ä» æ¢å¤çº¦80%ï¼ä¸6æç¸å½ãå¦ä¸æ¹é¢ï¼</span><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">å¤åå¹³å°æç»é«é¢è¡¥è´´</span></strong><span leaf="">带å¨é¥®ååç表ç°æ¢ç¼ï¼èå é£éæ±ä¾ç¶ç²è½¯ï¼å°æ¹¾ç¾é£å¤§å¸éå¢ï¼Gourmet Masterï¼å°±å¦è¨7æéå®å¢é¿ç¯æ¯èµ°å¼±ã</span></p><section nodeleaf=""><img data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwlKJqLtLV7GScBbiaYTITNDHhI5leCpaT1qGF44bDfeLp5SV1yA3rboBbdkJCicNtMvTcRfKy9IfWhg/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.576017130620985" data-type="png" data-w="467" style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;max-width: 360px;border-radius: 4px;min-width: auto;min-height: auto;max-height: 320px;cursor: pointer;display: block;object-fit: cover;height: auto;" data-imgfileid="100041823" /></section><h2 style="margin: 24px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">äºãå¤å补贴大æï¼çèçè´æ </span></h2><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">å¤åè¡ä¸æ£å¨ä¸æ¼ä¸åº"ç§é±"大æã7æ5æ¥å12æ¥ï¼ç¾å¢åæ·å®å³æ¶é¶å®/饿äºä¹ç¸ç»§æ¨åºå¤§é¢ä¼æ å¸åå è´¹ç°å¶é¥®åå¸ï¼ç´æ¥å¼ç订åéââç¾å¢æ¥è®¢åéå¨7æ5æ¥è¾¾å°1.2亿åï¼å ¶ä¸å¤å1亿åï¼ï¼7æ12æ¥è¿ä¸æ¥æåè³1.5亿åï¼æ·å®å³æ¶é¶å®å¨7æ5æ¥å12æ¥ä¹è¾¾å°8000ä¸æ¥è®¢åéãè¿åºè¡¥è´´å¤§æçæ¶é´çº¿å¯è°è·å®èµ·ä¼ï¼</span></p><table style="margin: 0px;padding: 0px;border: none;font-style: inherit;font-variant: inherit;font-weight: inherit;font-stretch: inherit;font-size: 14px;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;border-collapse: collapse;border-spacing: 0px;min-width: 100%;width: max-content;max-width: max-content;table-layout: auto;"><thead><tr style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;"><th style="margin: 0px;padding: 10px 12px;border-top: none;border-left: none;font-weight: 700;vertical-align: middle;background-color: var(--yb-md-th-bg-color);color: var(--yb-md-th-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">æ¥æ</span></section></th><th style="margin: 0px;padding: 10px 12px;border-top: none;border-right: none;font-weight: 700;vertical-align: middle;background-color: var(--yb-md-th-bg-color);color: var(--yb-md-th-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">äºä»¶</span></section></th></tr></thead><tbody><tr style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;"><td style="margin: 0px;padding: 10px 12px;border-left: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">4æ11æ¥</span></section></td><td style="margin: 0px;padding: 10px 12px;border-right: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">京ä¸å®£å¸"ç¾äº¿å¤å补贴"计å</span></section></td></tr><tr style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;"><td style="margin: 0px;padding: 10px 12px;border-left: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">4æ30æ¥</span></section></td><td style="margin: 0px;padding: 10px 12px;border-right: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">饿äºä¹å®£å¸å¯å¨"è¡¥è´´è¶ ç¾äº¿"计å</span></section></td></tr><tr style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;"><td style="margin: 0px;padding: 10px 12px;border-left: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">7æ2æ¥</span></section></td><td style="margin: 0px;padding: 10px 12px;border-right: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">é¿é巴巴宣å¸ä¸ºå³æ¶é¶å®ï¼å«å¤åï¼æå ¥500亿补贴</span></section></td></tr><tr style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;"><td style="margin: 0px;padding: 10px 12px;border-bottom: none;border-left: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">7æ5æ¥</span></section></td><td style="margin: 0px;padding: 10px 12px;border-right: none;border-bottom: none;font: var(--yb-font-body-medium);vertical-align: middle;background-color: var(--yb-md-td-bg-color-odd);color: var(--yb-md-text-color);text-align: center;max-width: 448px;white-space: normal;box-sizing: border-box;"><section><span leaf="">ç¾å¢åæ·å®/饿äºä¹æ¨åºå æ¬å¤§é¢ä¼æ å¸åå è´¹ç°å¶é¥®åå¸å¨å çæ¿è¿ææ£</span></section></td></tr></tbody></table><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">è¿åºè¡¥è´´å¤§æçç´æ¥åçè æ¯ç°å¶é¥®åï¼FMDï¼åçãå¤èåèéªå°åå¨äºå£åº¦åå«å®ç°29%å9%çååºGMVå¢é¿ï¼ç幸åå¡ååºéå®é¢å¢éå éè³13%ï¼æå·´å ååºéå®é¢è½¬æ£ï¼ç¾èä¸å½å¤åå¢éä¹åæ¯å éè³22%ã7ææ¨åºç"å 费奶è¶å¸"çæ´»å¨ï¼æ´æ¯è®©ç°å¶é¥®ååçç强å²è¡¨ç°å¾ä»¥å»¶ç»ã</span></p><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">ä½è¡¥è´´ä¹æ¯ä¸æ"ååå"ï¼è½ç¶æåäºæ´ä½éå®é¢ï¼å´å¨ä¸å®ç¨åº¦ä¸ç¨éäºå é£ä¸å¡ï¼å¯¹ååºç»æµæ§ï¼UEï¼äº§çè´é¢å½±åã</span><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">ç°å¶é¥®åè¡ä¸é¨åºæ°éå¨7æåºç°å éå¢é¿è¿¹è±¡</span></strong><span leaf="">ï¼åºäºçªé¨æ°æ®ï¼ï¼å ¶ä¸å¹¸è¿åååºè¿ªåå¡çå¼åºçç¥å°¤ä¸ºæ¿è¿ââ幸è¿åé¨åºæ°éå¨8æ2æ¥è¾¾å°7300家ï¼6æåºä¸º6000家ï¼3æåºä¸º5000家ï¼ï¼å¹¶è®¡åå¹´åºè¾¾å°1ä¸å®¶ï¼åºè¿ªåå¡çé¨åºå¢é¿ä¹è¾å¹´åç轻微ä¸æ»/æ平水平ææå éã</span></p><h2 style="margin: 24px 0px 16px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">ä¸ãåç表ç°ï¼å 家欢åå 家æ</span></h2><h3 style="margin: 16px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 600;font-stretch: inherit;font-size: 20px;line-height: 1.5;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">1. æµ·åºæï¼6862.HKï¼ï¼ç¿»å°çæ¢è·ï¼ä½å¤èå度ä¸åé¢æ</span></h3><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">æµ·åºæ7æå¹³åç¿»å°çåæ¯åºæ¬æå¹³ï¼è¾2æ以æ¥çä¸æ»è¶å¿æææ¹åï¼ç»å¯¹ç¿»å°çä¹ç¯æ¯æåè³4次以ä¸ãè¿å¾çäºæææºå£ååç为å¸å¼é¡¾å®¢æ¨åºçå¤æ ·å产åï¼å¦å¤å®µåé²å产åï¼ãä½ç¸æ¯ç«æ åæ°´å¹³ï¼7æä» æ¢å¤çº¦80%ï¼ä¸6æç¸å½ã7ææµ·åºææ°å¼10家ç´è¥åºï¼å ³é5家ï¼æä¸åç"ç°éç§ç¤"æ°å¼8家ã</span></p><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">åæå¸è§ç¹</span></strong><span leaf="">ï¼ç¿»å°çè½ç¶æ¢è·ï¼ä½å¨è¾ä½åºæ°ä¸ä»ç¥ä½äºé¢æï¼ä¸è½åäºé«ç对ä¸å£åº¦ä½ä¸ªä½æ°ååºéå®é¢å¢é¿çé¢æµãå¸åºå°éç¹å ³æ³¨å³å°å°æ¥çè´¢æ¥å£ä¸çå©æ¶¦ç表ç°ï¼å ä¸ºå ¬å¸ä¸ºé¡¾å®¢æä¾æ´å¥½ä»·å¼ç举æªåè¿è¥å»æ æåå½±åå¯è½å¯¹å©æ¶¦äº§çååã</span></p><h3 style="margin: 24px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 600;font-stretch: inherit;font-size: 20px;line-height: 1.5;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">2. ç¾é£å¤§å¸éå¢ï¼2723.TWï¼ï¼ä¸å½å¤§éå¸åºæç»ç²è½¯</span></h3><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">ç¾é£å¤§å¸éå¢7æä¸å½å¤§ééå®é¢ï¼ä»¥äººæ°å¸è®¡ï¼åæ¯ä¸é15%ï¼è¾5-6æ约11%çéå¹ è¿ä¸æ¥æ©å¤§ã5-7æï¼å ¬å¸ååºéå®é¢å¢é¿è¶å¿ç²è½¯ï¼ç¸æ¯ç«æ åçæ¢å¤æ°´å¹³ä»5-6æç60%-65%éè³60%以ä¸ãä¸è¿ç¾å½å¸åºç»§ç»è¡¨ç°å¼ºå²ï¼7æåæ¯å¢é¿14%ï¼ç¥å¿«äºä¸åå¹´ãå ¬å¸é¢è®¡å°å¨2025å¹´ä¸åå¹´å¨ç¾å½å¼è®¾è¶ è¿5家é¨åºï¼æå¹´é¨åºæ°éå°è¾¾å°100家ã</span></p><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">åæå¸è§ç¹</span></strong><span leaf="">ï¼ä¸å½å¤§éå¸åºè¡¨ç°è½åäºé«ç对ä¸å£åº¦ä½ä¸ªä½æ°æ£ååºéå®é¢å¢é¿çé¢æãç¾å½å¸åºï¼å éå¢ä¸åå¹´æ¶å ¥ç47%ï¼éå®å¢é¿åå¼åºè®¡åè¿å±é¡ºå©ãä½æ°å°å¸å¯¹ç¾å å人æ°å¸çåå¼ç»§ç»å¯¹éå¢æ¥åæ¶çææååã</span></p><h2 style="margin: 24px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">åãé«é¢æ°æ®ï¼èªç©ºå®¢æµè¶ ç«æ åï¼ä½é¤é¥®éå®å¤èæ¾ç¼</span></h2><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">å½å èªçè¿åå·²è¶ è¿2019å¹´æ°´å¹³17%ï¼ä½7æèªç©ºå®¢è¿éåæºç¥¨ä»·æ ¼åä½äºé¢æã6æé¤é¥®éå®å¢é¿åç¸å¯¹äºç«æ åçæ¢å¤æ°´å¹³ææ软åï¼å¤§åé¤å éå®å¢é¿ç»§ç»è¡¨ç°ä¸ä½³ã</span></p><section nodeleaf=""><img data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwlKJqLtLV7GScBbiaYTITNDHdVg4u8PSfV8Dmc4c3CUfZXhqoazVicuXdIB3yxvZLo25EuGHHB0hsGw/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.382" data-type="png" data-w="1000" style="margin: 0px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;max-width: 360px;border-radius: 4px;min-width: auto;min-height: auto;max-height: 320px;cursor: pointer;display: block;object-fit: cover;height: auto;" data-imgfileid="100041824" /></section><h2 style="margin: 24px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">äºãä»·æ ¼æä¸æ°åçç¥ï¼åå¡è¶é¥®èµéç«äºç½çå</span></h2><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">å¨ä»·æ ¼æ¹é¢ï¼å¤åå¹³å°è¡¥è´´éä½äºè´ä¹°ä»·æ ¼ï¼ååç继ç»å©ç¨é«æ§ä»·æ¯äº§åæè²æ°åç±»ï¼å¦å¤èçåå¡ï¼ç幸/åºè¿ªçæ°´æè¶ï¼ãåå¡åç±»ä¸ï¼å¤èæç»æä¾ä½äº10å ç产åï¼å°½ç®¡ä¿éå度è¾6ææææ¶çªï¼ï¼å¹¸è¿åæ¨åº"æ¯æ¯æ幸è¿"æ½å¥æ´»å¨ï¼é¡¾å®¢è³å°å¯è·å¾5%çä¼æ å¸ãè¶é¥®åç±»ä¸ï¼è½ç¶é¢å åç没æææ¾å¨ä½ï¼ä½é¢å åå¡åçç幸ååºè¿ªç»§ç»ä»¥é«æ§ä»·æ¯ä»·æ ¼æ¨åºè¶/æ°´æç±»SKUã</span></p><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">å¿«é¤ï¼QSRï¼åçä¿éæ°´å¹³åºæ¬ç¨³å®ãç¾èä¸å½ç®¡çå±é¢è®¡è¯å¾·åºå¨ä¸åå¹´å°åºç°å°å¹ 客åä»·ä¸éï¼ä½è¿ä¸»è¦æ¯ç±è¾å°ç订åç»åèéä¿é驱å¨ï¼å ¬å¸å°å¨å¤ååä»·æ ¼/åç认ç¥ä¿æ¤ä»¥åå©æ¶¦çä¹é´éå平衡æ¹æ³ã</span></p><h2 style="margin: 24px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">å ãæèµå»ºè®®ï¼å¦ä½å¨ååä¸å¯»æ¾æºä¼ï¼</span></h2><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">é«ç对åé¤é¥®åççè¯çº§åç®æ ä»·å¦ä¸ï¼</span></p><table style="border-collapse:collapse;width:597px;"><tbody><tr style="height:36.00pt;"><td data-colwidth="99" width="72" style="height: 36pt;"><section><span leaf="">å ¬å¸</span></section></td><td data-colwidth="98" width="72"><section><span leaf="">代ç </span></section></td><td data-colwidth="72" width="72"><section><span leaf="">è¯çº§</span></section></td><td data-colwidth="96" width="72"><section><span leaf="">ç®æ ä»·</span></section></td><td data-colwidth="232" width="72"><section><span leaf="">ä¼°å¼æ¹æ³</span></section></td></tr><tr style="height:29.00pt;"><td data-colwidth="99" width="72" style="height: 29pt;"><section><span leaf="">èéªå°å</span></section></td><td data-colwidth="98" width="72"><section><span leaf="">2097.HK</span></section></td><td data-colwidth="72" width="72"><section><span leaf="">ä¹°å ¥</span></section></td><td data-colwidth="96" width="72"><section><span leaf="">599港å </span></section></td><td data-colwidth="232" width="72"><section><span leaf="">32å2026å¹´é¢æå¸çç</span></section></td></tr><tr style="height:27.00pt;"><td data-colwidth="99" width="72" style="height: 27pt;"><section><span leaf="">ç¾èä¸å½</span></section></td><td data-colwidth="98" width="72"><section><span leaf="">YUMC</span></section></td><td data-colwidth="72" width="72"><section><span leaf="">ä¹°å ¥</span></section></td><td data-colwidth="96" width="72"><section><span leaf="">57ç¾å </span></section></td><td data-colwidth="232" width="72"><section><span leaf="">å æ»ä¼°å¼æ³ï¼è¯å¾·åºä¸å½12å2025å¹´EV/EBITDAï¼å¿ è客ä¸å½7å</span></section></td></tr><tr style="height:36.00pt;"><td data-colwidth="99" width="72" style="height: 36pt;"><section><span leaf="">å¤èæ§è¡</span></section></td><td data-colwidth="98" width="72"><section><span leaf="">1364.HK</span></section></td><td data-colwidth="72" width="72"><section><span leaf="">ä¹°å ¥</span></section></td><td data-colwidth="96" width="72"><section><span leaf="">30港å </span></section></td><td data-colwidth="232" width="72"><section><span leaf="">26å2026å¹´é¢æå¸çç</span></section></td></tr><tr style="height:36.00pt;"><td data-colwidth="99" width="72" style="height: 36pt;"><section><span leaf="">æµ·åºæ</span></section></td><td data-colwidth="98" width="72"><section><span leaf="">6862.HK</span></section></td><td data-colwidth="72" width="72"><section><span leaf="">ä¸æ§</span></section></td><td data-colwidth="96" width="72"><section><span leaf="">15.3港å </span></section></td><td data-colwidth="232" width="72"><section><span leaf="">9.5å2026å¹´EV/EBITDA</span></section></td></tr><tr style="height:36.00pt;"><td data-colwidth="99" width="72" style="height: 36pt;"><section><span leaf="">ä¹æ¯ä¹</span></section></td><td data-colwidth="98" width="72"><section><span leaf="">9922.HK</span></section></td><td data-colwidth="72" width="72"><section><span leaf="">ä¹°å ¥</span></section></td><td data-colwidth="96" width="72"><section><span leaf="">3.8港å </span></section></td><td data-colwidth="232" width="72"><section><span leaf="">8å2025-26å¹´EV/EBITDA</span></section></td></tr></tbody></table><h2 style="margin: 16px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf=""><br /></span></h2><h2 style="margin: 16px 0px 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 600;font-size: 22px;line-height: 1.25;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;vertical-align: baseline;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">ä¸ãæªæ¥å±æï¼è¡¥è´´ä½æ¶ä¼ï¼å¤èä½æ¶æ¥ï¼</span></h2><p style="margin-top: 8px;margin-bottom: 8px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">é«çäºèç½å¢éé¢è®¡å¤åç«äºå¼ºåº¦å°å¨æ¬å£åº¦è¾¾å°é¡¶å³°ï¼ä½æç»æ¶é´å°å»¶é¿ã对äºæèµè èè¨ï¼éè¦å ³æ³¨ï¼</span></p><ol style="margin: 8px 0px 16px;padding: 0px 0px 0px 16px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: inherit;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;list-style: decimal;text-align: left;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;" class="list-paddingleft-1"><li style="margin: 0px 0px 4px 4px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">补贴æ¿ççå¯æç»æ§</span></strong><section><span leaf="">è½ç¶ç管é¨é¨å·²å¼åçæ§ç«äºï¼ä½å¹³å°ä¹é´ç补贴æçæå é¾ä»¥å¹³æ¯ï¼</span></section></li><li style="margin: 4px 0px 4px 4px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">ååºç»æµæ§ç平衡</span></strong><section><span leaf="">å¦ä½å¨è¡¥è´´å¸¦æ¥çéå®é¢å¢é¿åå é£è¢«ç¨éä¹é´æ¾å°å¹³è¡¡ç¹ï¼å°æ¯åçé¢ä¸´çå ³é®ææï¼</span></section></li><li style="margin: 4px 0px 4px 4px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">æ°åç±»çæå±</span></strong><section><span leaf="">åå¡ä¸è¶é¥®ççéæ¥ç模ç³ï¼åçéè¦ä¸æåæ°ä»¥ä¿æç«äºåï¼</span></section></li><li style="margin: 4px 0px 0px 4px;padding: 0px;border: 0px;font: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;"><strong style="margin: 0px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 600;font-stretch: inherit;font-size: inherit;line-height: inherit;font-family: inherit;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;"><span leaf="">æµ·å¤å¸åºçæºä¼</span></strong><section><span leaf="">å¦ç¾é£å¤§å¸éå¢å¨ç¾å½å¸åºçæå表æï¼å¯»æ±æµ·å¤æ©å¼ å¯è½æ¯ç¼è§£å½å ååçææéå¾ã</span></section></li></ol><p style="margin-top: 8px;margin-bottom: 0px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><span leaf="">å¨è¿ä¸ªå 满åæ°çå¤å£ï¼ä¸å½é¤é¥®ä¸æ£å¨ç»åä¸åºæ·±å»çåé©ãå¤å补贴带æ¥ççæå¢é¿ä¸å é£å¤èçä¹åå½¢æé²æ对æ¯ï¼åç们ä¸å¾ä¸å¨"ç§é±æ¢å¸åº"ä¸"çå©æ±çå"ä¹é´å¯»æ¾å¾®å¦ç平衡ã</span></p><section><span leaf=""><br /></span></section><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>