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产品与城市

发布于 2023-03-31

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100%;max-inline-size: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;outline: none 0px !important;"><br /></p></section></section></section><section style="text-align: justify;max-width: 100%;max-inline-size: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;outline: none 0px !important;"><p style="cursor: text;max-width: 100%;max-inline-size: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;outline: none 0px !important;"><br /></p></section></section><section style="box-sizing: border-box;display: inline-block;vertical-align: top;width: 89.3594px;max-width: 100%;max-inline-size: 100%;overflow-wrap: break-word !important;outline: none 0px !important;"><section style="margin-top: 10px;justify-content: center;max-width: 100%;max-inline-size: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;outline: none 0px !important;"><section style="box-sizing: border-box;display: inline-block;vertical-align: top;overflow: hidden;height: 20px;width: 20px;background-color: rgb(160, 160, 160);border-width: 3px;border-radius: 100%;border-style: none;border-color: rgb(227, 125, 106);box-shadow: rgb(247, 212, 114) 0px 0px 0px;max-width: 100%;max-inline-size: 100%;overflow-wrap: break-word !important;outline: none 0px !important;"><section style="text-align: justify;font-size: 30px;max-width: 100%;max-inline-size: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;outline: none 0px !important;"><p style="cursor: text;max-width: 100%;max-inline-size: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;outline: none 0px !important;"><br /></p></section></section></section></section></section></section></section></section><p style="text-align: right;cursor: text;font-size: 18px;letter-spacing: -1px;caret-color: rgb(255, 0, 0);max-width: 100%;max-inline-size: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;outline: none 0px !important;"><br /></p></section></section></section><section data-role="paragraph" style="box-sizing: border-box;"><section style="margin: 5px 16px;text-align: center;max-width: 100%;min-height: 1em;line-height: 1.5em;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="color: rgb(136, 136, 136);font-size: 14px;letter-spacing: 0.544px;font-family: &quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;">▼</span></section><section style="margin: 5px 16px;text-align: center;max-width: 100%;min-height: 1em;line-height: 1.5em;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="color: rgb(136, 136, 136);font-size: 14px;letter-spacing: 0.544px;font-family: &quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;"><br /></span></section></section></section><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;text-indent: 0em;">我们延续啤酒与住房供给模式的话题,落位到省域,看看</span><strong><span style="font-size: 16px;text-indent: 0em;color: rgb(0, 122, 170);">不同地域的主打产品是什么?</span></strong></section><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">看一个地区的竞争力,核心在于其产品输出能力</span></strong><span style="color: rgb(0, 0, 0);"><span style="font-size: 16px;">,</span></span><span style="font-size: 16px;">包括软件和硬件,如硅谷的厉害之处在于其科技产品覆盖全世界,每个角落都有人在使用苹果手机、开特斯拉汽车、使用Google引擎/chatGP<span style="font-size: 16px;">T</span>对话、高通的芯片等等。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">本文选取</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">16大工业产品分别出自哪些地域?典型发达省域的产品差异?</span></strong></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;"><br /></span></section></section><section style="letter-spacing: 0px;padding-right: 16px;padding-left: 16px;box-sizing: border-box;font-size: 16px;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: center;justify-content: center;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;box-sizing: border-box;"><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;vertical-align: top;overflow: hidden;height: 15px;width: 15px;border-radius: 250px;background-color: rgb(0, 122, 170);box-sizing: border-box;"><section style="text-align: justify;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><br style="box-sizing: border-box;" /></p></section></section></section></section><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;padding-right: 17px;padding-left: 17px;box-sizing: border-box;"><section style="margin-bottom: -30px;box-sizing: border-box;" powered-by="xiumi.us"><section style="font-size: 38px;color: rgb(0, 122, 170);box-sizing: border-box;"><p style="box-sizing: border-box;"><strong style="box-sizing: border-box;">01</strong></p></section></section><section style="text-align: justify;font-size: 17px;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 20px;"><strong style="box-sizing: border-box;">上游-能源</strong></span></p></section></section><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;box-sizing: border-box;"><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;vertical-align: top;overflow: hidden;height: 15px;width: 15px;border-radius: 250px;background-color: rgb(0, 122, 170);box-sizing: border-box;"><section style="text-align: justify;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><br style="box-sizing: border-box;" /></p><p style="white-space: normal;box-sizing: border-box;"><br /></p><p style="white-space: normal;box-sizing: border-box;"><br /></p><p style="white-space: normal;box-sizing: border-box;"><br /></p><p style="white-space: normal;box-sizing: border-box;"><br /></p><p style="white-space: normal;box-sizing: border-box;"><br /></p></section></section></section></section></section></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;width: auto;vertical-align: middle;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><strong style="font-size: 18px;text-indent: 0em;letter-spacing: 0px;box-sizing: border-box;">煤炭</strong></p></section></section></section></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="text-indent: 2em;letter-spacing: 0px;box-sizing: border-box;font-size: 16px;">2022年全国产量是45.6亿吨,虽然我们是煤炭资源大国,储量占全球比重达13.2%,但在缺煤“拉闸限电”的背景下,产能同比增长仅9.06%,所以</span><strong><span style="text-indent: 2em;letter-spacing: 0px;box-sizing: border-box;font-size: 16px;color: rgb(0, 122, 170);">煤炭的产能弹性较低</span></strong><span style="text-indent: 2em;letter-spacing: 0px;box-sizing: border-box;font-size: 16px;">。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">我们统一用占比的形式来体现不同工业产品的产量分布特征,并将大于5%的省域重点体现出来,采用的是2021年统计年鉴的细分数据:</span></section></section><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"><li style="box-sizing: border-box;font-size: 16px;"><section style="margin-bottom: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">山西</span></strong><span style="font-size: 16px;">产量12.07亿吨,全国占比29.2%,排名全国第一;</span></section></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="margin-bottom: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">内蒙古</span></strong><span style="font-size: 16px;">产量10.07亿吨,全国占比25.9%亿吨,排名全国第二;</span></section></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="margin-bottom: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">陕西</span></strong><span style="font-size: 16px;">占17%全国第三、</span><span style="font-size: 16px;color: rgb(0, 122, 170);"><strong>新疆</strong></span><span style="font-size: 16px;">7.8%全国第四。</span></section></section><section style="margin-bottom: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;"></span></section></section></li></ul><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-top: 16px;margin-left: 16px;margin-right: 16px;"><strong style="color: rgb(0, 0, 0);text-indent: 0em;"><span style="font-size: 16px;">前四个省占比高达79.9%,基本可以理解为代表了全中国的煤炭产能。</span></strong><br /></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.6222222222222222" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmTBOIYyfMibu3a6uwS2E2etsgt1KxCgsZGPf4zSPwxWaq0qrlp6Jjptw/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><br /></section></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><strong style="font-size: 18px;text-indent: 0em;letter-spacing: 0px;box-sizing: border-box;">天然气</strong></p></section></section></section></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">2022年全国产量是2201.1亿立方,同比增长5.98%。</span></section><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">最大产地是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">四川</span></strong><span style="font-size: 16px;">522亿立方,占全国比重为25.2%;</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">第二梯队,分别是</span><span style="font-size: 16px;color: rgb(0, 122, 170);"><strong>新疆、陕西、内蒙</strong></span><span style="font-size: 16px;">,比重均位于15%-20%之间;</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">第三梯队,是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">山西</span></strong><span style="font-size: 16px;">5.9%、</span><span style="font-size: 16px;color: rgb(0, 122, 170);"><strong>广东</strong></span><span style="font-size: 16px;">6.4%。</span></section></li></ul><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-top: 16px;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;text-align: left;text-indent: 0em;">一</span><span style="font-size: 16px;text-align: left;text-indent: 0em;">直以来,广东省的气源主要有两个,一是来自广东大鹏液化天然气有限公司的进口天然气,年供应量370万吨,二是从我国西北方运来的国产天然气,年供应量约55万吨。</span><br /></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">前6个省全国产能占比达到</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">84.3%</span></strong><span style="font-size: 16px;">,也是个高度聚焦的能源,世界的天然气也主要分布在俄罗斯、卡塔尔、美国等少数几个国家。</span></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.6138888888888889" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQm61ePtnZiaxTV2g2ZMIvbtNLfhX3JpwMKXjGEKwgOib4vrgWVbViaaOONw/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><br /></section></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 18px;"><strong style="letter-spacing: 0px;box-sizing: border-box;">电力</strong></span><br style="box-sizing: border-box;" /></p></section></section></section></section></section><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">2022年全国发电量是8.85万亿千瓦时,同比增长2.2%,电力供给还是比较稳定。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">不同于煤炭、天然气,</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">电力的地域性特征非常明显</span></strong><span style="font-size: 16px;">,没有一个省域发电量占全国比例超过10%。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">虽然“西电东送”工程已经开展了好几十年,电力资源的分布依然是均衡式的,或许是相对于传输中的电力损耗过大,成本过高,绿皮火车拉煤来得快,经济实惠。</span></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.6240740740740741" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmpZRBJYktKo5T9ZIYTFoQFl1jX1dEm7llKiagZ7FZxxc1iaTOqOPusnLw/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /><span style="text-indent: 0em;"></span></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">归纳下上游能源分布情况:用三大能源平均占比看,我们可以发现,我国的</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">5大能源省域</span></strong><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">:内蒙古、山西、陕西、新疆、四川</span></strong><span style="font-size: 16px;">。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">得益于大环境(能源独立)及大周期(触底回升)的上游能源价格上涨,这些省域的整体财富水平是有一定提升的。</span></section></section><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="color: rgb(0, 122, 170);"><strong><span style="font-size: 16px;">中心城市理所当然承担着财富的聚焦功能</span></strong></span><span style="font-size: 16px;">,比如</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">成都、西安</span></strong><span style="font-size: 16px;">;</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">内蒙呼市、山西太原因地理因素很多</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">财富转移</span></strong><span style="font-size: 16px;">到</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">北京</span></strong><span style="font-size: 16px;">;</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">新疆地域太广,还有多民族的地域特征,乌鲁木齐承载力有限。</span></section></li></ul><section style="text-align: center;margin: 16px 16px 10px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.32222222222222224" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmgBAOpoFOKIZMlicW14RVkKLB3hdTPdhmcg1vFQLKkcWuESiaz7ibd3niag/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="text-align: center;margin: 10px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><br /></section></section><section style="text-align: center;margin: 10px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><br /></section></section><section style="text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: center;justify-content: center;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;box-sizing: border-box;"><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;width: 15px;height: 15px;vertical-align: top;overflow: hidden;border-radius: 250px;background-color: rgb(0, 122, 170);box-sizing: border-box;"><section style="text-align: justify;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><br style="box-sizing: border-box;" /></p></section></section></section></section><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;padding-right: 17px;padding-left: 17px;box-sizing: border-box;"><section style="margin-bottom: -30px;box-sizing: border-box;" powered-by="xiumi.us"><section style="font-size: 38px;color: rgb(0, 122, 170);box-sizing: border-box;"><p style="box-sizing: border-box;"><strong style="box-sizing: border-box;">02</strong></p></section></section><section style="text-align: justify;font-size: 17px;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 20px;"><strong style="box-sizing: border-box;">中游-材料</strong></span></p></section></section><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;box-sizing: border-box;"><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;width: 15px;height: 15px;vertical-align: top;overflow: hidden;border-radius: 250px;background-color: rgb(0, 122, 170);box-sizing: border-box;"><section style="text-align: justify;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><br style="box-sizing: border-box;" /></p></section></section></section></section></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><strong><span style="font-size: 16px;">我们可以分物理材料、化学材料来看,物理材料选取钢铁、水泥,化学材料选取硫酸、乙烯。</span></strong><span style="font-size: 16px;"></span></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 18px;"><strong style="letter-spacing: 0px;box-sizing: border-box;">钢铁</strong></span><br style="box-sizing: border-box;" /></p></section></section></section></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">2022年全国产量是13.4亿吨,同比增长0.27%,基本保持稳定,虽然房地产新开工下降了很多,但基建还是相对稳定。</span></section><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">最大产地是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">河北</span></strong><span style="font-size: 16px;">,2021年2.96亿吨,占全国比重为22.1%;</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">第二梯队是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">江苏</span></strong><span style="font-size: 16px;">,产能为1.57亿吨比重为11.7%;</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">第三梯队,是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">山东</span></strong><span style="font-size: 16px;">占比8%、</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">辽宁</span></strong><span style="font-size: 16px;">占比5.8%。</span></section></li></ul><section style="text-align: center;margin: 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.5888888888888889" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmMtD3yiauvFWTnny5FVtkfZq4nqrWW42EMWOpGmWVQibPnvDTiaaQskDOg/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;"></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">前四个省占比为47.6%,约为全国的一半,呈现出</span><span style="color: rgb(0, 0, 0);font-size: 17px;"><strong>环渤海地域分布</strong></span><span style="font-size: 16px;">特征,主要是由两大原材料属性决定的,一个是煤炭,需要靠近原产地内蒙+山西;一个是铁矿石,需要沿海,主要从澳大利亚进口。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-bottom: 16px;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;"><br /></span></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 18px;"><strong style="letter-spacing: 0px;box-sizing: border-box;">水泥</strong></span><br style="box-sizing: border-box;" /></p></section></section></section></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">2022年全国产量是21.3亿吨,同比下降10.8%,是16大主要工业品下降最大的品种,同时产能近10年保持稳定,2012年的产量为21.1亿吨。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">不同于钢铁,</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">水泥的地域性特征,产销一体化非常明显</span></strong><span style="font-size: 16px;">,没有一个省域发电量占比全国比例超过10%,或许也是因为原料主要是石灰石,一般情况都是自备矿山提供。</span></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.6342592592592593" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmJQNpFrzu88x7MdibribPnXeYUNPRrSVDtnnNJ8PiauNxd0hibMTMPdP1zw/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><br /></section></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 18px;"><strong style="letter-spacing: 0px;box-sizing: border-box;">硫酸</strong></span><br style="box-sizing: border-box;" /></p></section></section></section></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;">2022年全国产量是9504.6万吨,同2021年基本保持不变。<br style="box-sizing: border-box;" /></span></section><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">最大产地是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">云南、湖北</span></strong><span style="font-size: 16px;">,占全国比重为17%,11.9%;</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">整体呈现出</span><span style="font-size: 17px;"><strong>中部+西南</strong></span><span style="font-size: 16px;">的地域分布特征,主要是以<strong>硫铁矿</strong>为主要原料。</span></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.5814814814814815" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmKQxEktgCf2rOWFbeOiaAYhYhY0bv9zyzNZxoWaVdMpFzGISgLBa8ZEg/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><br /></section></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 18px;"><strong style="letter-spacing: 0px;box-sizing: border-box;">乙烯</strong></span><br style="box-sizing: border-box;" /></p></section></section></section></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">2022年全国产量是2897.5万吨,同2021年基本保持不变。</span></section><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">最大产地是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">辽宁、广东</span></strong><span style="font-size: 16px;">,占全国比重为15.6%、14.8%;</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">第二梯队,分别是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">山东、江苏、福建</span></strong><span style="font-size: 16px;">等</span><span style="font-size: 17px;"><strong>东南沿海地域</strong></span><span style="font-size: 16px;">;</span></section></li></ul><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-top: 16px;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">乙烯工业是石油化工产业的核心,这跟我国缺油,大幅依赖进口有关联。</span></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.6074074074074074" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmg9FG8Cs53tZpCvOaI8tCKFxGxf052LB6tqzv4rqfDWvUGcLiaY3neFA/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">以上是四类主要的中游加工原材料。可以发现,不同工业品的地域特征属性差异大,</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">我国原料丰富→地缘分布</span></strong><span style="font-size: 16px;">;</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">依赖进口→沿海格局</span></strong><span style="font-size: 16px;">。综合来看:</span></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.32685185185185184" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmVeK3LlxHrDibsnkaEhSNLTUcF9V71ZEcCpCUDWiaFlcF7XCh567V7Otg/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><strong><span style="font-size: 16px;">钢铁在河北,水泥在淮海流域,硫酸在云南、湖北,乙烯在东南沿</span></strong><strong><span style="font-size: 16px;">海</span><span style="font-size: 16px;">。</span></strong><span style="font-size: 16px;"></span></section><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><br /></section></section><section style="text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: center;justify-content: center;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;box-sizing: border-box;"><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;width: 15px;height: 15px;vertical-align: top;overflow: hidden;border-radius: 250px;background-color: rgb(0, 122, 170);box-sizing: border-box;"><section style="text-align: justify;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><br style="box-sizing: border-box;" /></p></section></section></section></section><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;padding-right: 17px;padding-left: 17px;box-sizing: border-box;"><section style="margin-bottom: -30px;box-sizing: border-box;" powered-by="xiumi.us"><section style="font-size: 38px;color: rgb(0, 122, 170);box-sizing: border-box;"><p style="box-sizing: border-box;"><strong style="box-sizing: border-box;">03</strong></p></section></section><section style="text-align: justify;font-size: 17px;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 20px;"><strong style="box-sizing: border-box;">下游-生产</strong></span></p></section></section><section style="display: inline-block;vertical-align: bottom;width: auto;min-width: 5%;max-width: 100%;flex: 0 0 auto;height: auto;align-self: flex-end;box-sizing: border-box;"><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="display: inline-block;width: 15px;height: 15px;vertical-align: top;overflow: hidden;border-radius: 250px;background-color: rgb(0, 122, 170);box-sizing: border-box;"><section style="text-align: justify;box-sizing: border-box;" powered-by="xiumi.us"><p style="white-space: normal;box-sizing: border-box;"><br /></p></section></section></section></section></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">我们可以分3大类来理解,3大神器(汽车、手机、电脑)、4大家电、2个烟酒。本文重点介绍下汽车、手机、家电等几个品类特征:</span></section></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 18px;"><strong style="letter-spacing: 0px;box-sizing: border-box;">汽车</strong></span><br style="box-sizing: border-box;" /></p></section></section></section></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;">2022年全国产量是2718万辆,同比增长仅2.91%,基本保持稳定,</span><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;color: rgb(0, 122, 170);"><strong>汽车工业基本被视为一个国家工业生产力的代表</strong></span><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;">。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;">德国、日本靠汽车产业的输出,长期保持着较强的国家竞争力。我国汽车产业需要一分为二来看,来的合资企业造车,新的新能源汽车。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;">我们来看下我国汽车产业产能的情况:<br style="box-sizing: border-box;" /></span></section><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">最大产地是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">广东</span></strong><span style="font-size: 16px;">,2021年生产了339万辆汽车,占全国比重为12.9%,主要品牌就是深圳的比亚迪、广州的广汽。</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">其次就是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">上海</span></strong><span style="font-size: 16px;">,全年生产了283万辆汽车,占全国比重为10.8%,主要品牌是特斯拉、上汽。</span></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">超过5%的省域还有,吉林8.7%(一汽)、湖北8%(东风)、重庆7.6%(长安)、广西7.2%(五菱)、安徽5.7%(江淮/蔚来)、北京5.2%(北汽/现代)</span></section></li></ul><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-top: 16px;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">需要说明的是,近些年很多汽车品牌的产能分布扩张很大,如比亚迪在全国三十多个城市拥有工厂。综合来看,主要分布在</span><span style="font-size: 17px;"><strong>长江、珠江流域</strong></span><span style="font-size: 16px;">。</span></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.5611111111111111" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmOpZEdY1kCnJ4zapRm0IGoiadXl3G2Pia9osXcqAt3jR0QGGPoPxic31dQ/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><br /></section></section><section style="transform: scale(0.8);transform-origin: left top;margin-bottom: -6px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><section style="text-align: left;justify-content: flex-start;display: flex;flex-flow: row nowrap;margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;line-height: 0;padding-right: 5px;box-sizing: border-box;"><section style="transform: perspective(0px);-webkit-transform: perspective(0px);-moz-transform: perspective(0px);-o-transform: perspective(0px);transform-style: flat;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: center;transform: rotateY(180deg);line-height: 0;box-sizing: border-box;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;width: 21px;height: auto;box-sizing: border-box;"><svg xmlns="http://www.w3.org/2000/svg" viewbox="0 0 288.279 254.107" width="100%" style="max-width: 100%;width: 100%;box-sizing: border-box;"><g style="box-sizing: border-box;"><g style="box-sizing: border-box;"><path d="M288.279,254.107,68.215,127.054,288.279,0ZM80.3,127.054,282.236,243.643V10.465Z" fill="rgb(62,62,62)" style="box-sizing: border-box;"></path><polygon points="0 124.499 211.001 246.32 211.001 2.677 0 124.499" fill="rgb(0,122,170)" style="box-sizing: border-box;"></polygon></g></g></svg></section></section></section></section><section style="display: inline-block;vertical-align: middle;width: auto;align-self: center;flex: 0 0 auto;min-width: 5%;max-width: 100%;height: auto;padding: 3px 20px;background-color: rgb(96, 180, 212);box-sizing: border-box;"><section style="opacity: 1;box-sizing: border-box;" powered-by="xiumi.us"><section style="text-align: justify;color: rgb(255, 255, 255);box-sizing: border-box;"><p style="white-space: normal;box-sizing: border-box;"><span style="font-size: 18px;"><strong style="letter-spacing: 0px;box-sizing: border-box;">手机</strong></span><br style="box-sizing: border-box;" /></p></section></section></section></section></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;">2022年全国产量是1.56亿台,同比减少6.1%,疫情之下,手机等电子产品的消费</span><strong><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;color: rgb(0, 122, 170);">受到的冲击明显</span></strong><span style="font-size: 16px;letter-spacing: 0px;box-sizing: border-box;">,各大品牌厮杀也很严重。<br style="box-sizing: border-box;" /></span></section><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"><li style="box-sizing: border-box;font-size: 16px;"><section style="margin-top: 16px;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">最大产地是</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">广东</span></strong><span style="font-size: 16px;">,2021年生产了6696万台,占全国比重高达40.3%,深莞的电子产业聚集度得到了充分的体现,主要品牌就是深圳的华为、荣耀,东莞的Oppo/Vivo。</span></section></section></li><li style="box-sizing: border-box;font-size: 16px;"><section style="margin-bottom: 16px;"><section style="text-indent: 2em;"><section style="text-indent: 0em;margin-bottom: 16px;line-height: 1.6em;"><span style="font-size: 16px;">其他除了北京的小米,其他基本为代工生产基地,比如河南郑州的苹果。</span></section></section></section></li></ul><ul class="list-paddingleft-1" powered-by="xiumi.us" style="margin-left: 16px;margin-right: 16px;"></ul><section style="text-align: center;margin: 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.6296296296296297" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmwRQPSkZo4ibMwZj3BOWs4Vl3N1F2QJpTOuOaT3fXs4iatfk0uQfshCeQ/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">接下来我们重点对比下7大省域,</span><span style="font-size: 16px;color: rgb(0, 122, 170);"><strong>四大家电</strong></span><span style="font-size: 16px;">的生产能力差异:</span></section><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 18px;"><strong><em>[整体]</em></strong></span><span style="font-size: 16px;">:</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">广东</span></strong><span style="font-size: 16px;">生产了2亿台家电,全国占比达到33.67%,3分之一,其次为</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">安徽</span></strong><span style="font-size: 16px;">近1亿台,占全国比例16%,2个省加起来刚好近50%。</span></section><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">7个主要省域聚集了</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">82%</span></strong><span style="font-size: 16px;">的产量,基本可以解读为我国7大家电生产基地。</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 18px;"><em><strong>[差异]</strong></em></span><span style="font-size: 16px;">:</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">广东</span></strong><span style="font-size: 16px;">的电视机占比达到53%,而洗衣机只有8.8%;</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">江苏</span></strong><span style="font-size: 16px;">主要生产电冰箱15.3%、洗衣机29.1%。</span></section></section><section style="text-align: center;margin: 10px 16px 16px;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><section style="max-width: 100%;vertical-align: middle;display: inline-block;line-height: 0;box-sizing: border-box;"><img class="rich_pages wxw-img" data-ratio="0.25833333333333336" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmauJTr2icC6utEjoJbRqAVyaZibuYuoicLR4qnT7Ys3FmD1M0YFvOFaquQ/640?wx_fmt=png" data-type="png" data-w="1080" style="vertical-align: middle;width: 100%;box-sizing: border-box;" /></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">最后,我们综合看下下游</span><span style="font-size: 16px;color: rgb(0, 122, 170);"><strong>三大类9小类</strong></span><span style="font-size: 16px;">产量全国占比情况,基本可以视为我们工业成品生产基地,或者说工业成品产能:</span></section><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;margin: 16px;text-align: left;line-height: 1.6em;"><strong><span style="font-size: 16px;">广东13.1%位居首位,其次为安徽8.7%、江苏6.7%,第三梯队为四川4.4%、重庆4.4%、山东3.7%。</span></strong><span style="font-size: 16px;"></span><span style="text-indent: 0em;font-size: 16px;"></span><img class="rich_pages wxw-img" data-ratio="0.575" data-src="https://mmbiz.qpic.cn/mmbiz_png/AJkYaTAujIyB7H7mn59Kat87CicjGmWQmS0HicmwzD4CCCFtAWZibtGicKrjPicWJcIUumXY5Hv4dxyyS29EXOZYj7Q/640?wx_fmt=png" data-type="png" data-w="1080" style="text-indent: 0em;text-align: center;vertical-align: middle;width: 546px;box-sizing: border-box;height: auto;" /></section></section><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;">从产业链视角可以看到,</span></section><ul class="list-paddingleft-1" style="list-style-type: disc;margin-left: 16px;margin-right: 16px;"><li><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;margin-left: 16px;margin-right: 16px;line-height: 1.6em;"><span style="font-size: 16px;">上游-能源主要分布在中西部,主要在</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">西北地区</span></strong><span style="font-size: 16px;">;</span></section></li><li><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;margin-left: 16px;margin-right: 16px;line-height: 1.6em;"><span style="font-size: 16px;">中游原材料</span><span style="font-size: 16px;color: rgb(0, 122, 170);"><strong>中部地缘分布+沿海进口依赖</strong></span><span style="font-size: 16px;">两大特征;</span></section></li><li><section style="margin-bottom: 16px;white-space: normal;box-sizing: border-box;text-indent: 0em;margin-left: 16px;margin-right: 16px;line-height: 1.6em;"><span style="font-size: 16px;">下游生产主要聚焦在</span><strong><span style="font-size: 16px;color: rgb(0, 122, 170);">长三角+珠三角+成渝“三极”</span></strong><span style="font-size: 16px;">。</span></section></li></ul><section style="margin: 16px 16px 0px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><span style="font-size: 16px;">可以更进一步理解建设内循环的重要性,统一大市场的内在含义。</span></section><section style="margin: 16px 16px 0px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><span style="font-size: 16px;text-indent: 0em;">聚焦到一个地域,我还可以看到一些分工的差异。</span></section><section style="margin: 16px 16px 0px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><strong style="text-indent: 0em;"><span style="font-size: 16px;color: rgb(0, 122, 170);">广东</span></strong><span style="text-indent: 0em;font-size: 16px;">主要强在电子工业品的生产;</span><strong style="text-indent: 0em;"><span style="font-size: 16px;color: rgb(0, 122, 170);">江苏、山东</span></strong><span style="text-indent: 0em;font-size: 16px;">则在中游材料-下游生产最为均衡;</span><strong style="text-indent: 0em;"><span style="font-size: 16px;color: rgb(0, 122, 170);">安徽</span></strong><span style="text-indent: 0em;font-size: 16px;">则后发制人,家电生产突出;</span><strong style="text-indent: 0em;"><span style="font-size: 16px;color: rgb(0, 122, 170);">浙江</span></strong><span style="text-indent: 0em;font-size: 16px;">则在我们熟知的工业品中很少出现身影,主要是些出口外贸的小商品。</span></section><section style="margin: 16px 16px 0px;white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;"><span style="text-indent: 0em;font-size: 16px;"></span></section><section style="margin-top: 0px;"><section style="margin-top: 16px;"><section style="margin-bottom: 0px;"><section style="margin-bottom: 16px;"><section style="line-height: 1.6em;"><section style="box-sizing: border-box;" powered-by="xiumi.us"><section style="white-space: normal;box-sizing: border-box;text-indent: 0em;line-height: 1.6em;margin-bottom: 0px;margin-left: 16px;margin-right: 16px;"><span style="font-size: 16px;"></span></section></section></section></section></section></section></section><section style="margin-left: 16px;margin-right: 16px;"><br /></section></section><section style="margin-bottom: 0px;text-indent: 0em;white-space: normal;outline: 0px;max-width: 100%;color: rgb(34, 34, 34);letter-spacing: 0.544px;font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);text-align: center;line-height: 1.6em;margin-left: 16px;margin-right: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 17.1px;color: rgb(136, 136, 136);font-family: PingFangTC-Light;font-size: 12px;letter-spacing: 0.544px;box-sizing: border-box !important;overflow-wrap: break-word !important;">· 感谢观看 ·</span></strong></section><section data-role="outer" style="margin-bottom: 0px;white-space: normal;outline: 0px;max-width: 100%;color: rgb(34, 34, 34);letter-spacing: 0.544px;font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, 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YaHei&quot;, Arial, sans-serif;max-inline-size: 100%;overflow-wrap: break-word !important;outline: none 0px !important;visibility: visible !important;" width="50px" /></p></section></section></section></section></section></section></section></section><section data-role="paragraph" style="max-width: 100%;font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);box-sizing: border-box !important;overflow-wrap: break-word !important;"><section data-role="paragraph" style="max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><section style="max-width: 100%;min-height: 1em;margin-left: 16px;margin-right: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><br /></section></section></section><section style="max-width: 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0.2px;font-size: 12px;font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;box-sizing: border-box !important;overflow-wrap: break-word !important;">感谢你的每一个分享 | 点赞 | 在看</span></section><section style="max-width: 100%;box-sizing: border-box;font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);text-align: right;line-height: 1.75em;margin-left: 16px;margin-right: 16px;overflow-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(89, 89, 89);letter-spacing: 1.5px;text-align: center;-webkit-text-stroke-width: 0.2px;font-size: 12px;font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;box-sizing: border-box !important;overflow-wrap: break-word !important;">SPECIAL THANKS</span></section><section style="max-width: 100%;box-sizing: border-box;font-family: -apple-system, 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