<section data-mpa-md-root="t" data-mpa-md-template="1"><section data-mpa-md-key="text" style="font-size: 15px;margin-bottom: 16px;color: #333333;margin-left: 8px;margin-right:8px;margin-top: 16px;letter-spacing: 1px;" data-mpa-md-action-id="mel8sjz68qq" data-mpa-md-template="1"><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">以ä¸æ¯é«ç2025å¹´8æ16æ¥ãç¾å½å¸åºå¨æ¥ï¼2025å¹´äºå£åº¦è´¢æ¥å£å顾ãçæ ¸å¿å 容æ»ç»ï¼</span></span></span></span></section><section data-mpa-md-key="text" style="font-size: 15px;margin-bottom: 16px;color: #333333;margin-left: 8px;margin-right:8px;margin-top: 16px;letter-spacing: 1px;" data-mpa-md-action-id="mel8sjz8f4l" data-mpa-md-template="1"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">ä¸ãæ´ä½ä¸ç»©è¡¨ç°</span></span></strong></span></span></section><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="1."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">è¶ é¢æå¢é¿</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">æ æ®500 Q2 EPSåæ¯å¢é¿</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">11%</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼è¿è¶ å¸åºé¢æç4%ï¼å25å¹´æ¥æé«è¶ é¢ææ¯ä¾ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">60%</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf=""> çå ¬å¸è¶ åºé¢æè³å°ä¸ä¸ªæ åå·®ï¼åå²ç¬¬äºé«ï¼ä» 次äº2009å¹´åç«æ å¤èæï¼ã</span></span></span></span></section></li></ul><section data-mpa-md-key="common" style="margin-bottom: 16px;margin-left: 8px;margin-right:8px;margin-top: 16px;"><section nodeleaf="" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;"><img class="rich_pages wxw-img" data-imgfileid="100043634" data-ratio="0.6653796653796654" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianaGuOwslG76euBXYrsgia0XBVejiccs0zbWVcA12JCpZY5dtIkrGhuzPQ/640?wx_fmt=png&from=appmsg" data-type="png" data-w="777" height="1" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;" width="1" /></section></section><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="" data-remoteid="" data-asynid="" src="https://mmbiz.qlogo.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianaGuOwslG76euBXYrsgia0XBVejiccs0zbWVcA12JCpZY5dtIkrGhuzPQ/0?wx_fmt=png&from=appmsg" data-src="" src="https://ima-notebook-prod.image.myqcloud.com/2/Iq0YEe4oUhyNpfpqda0fYP/3693c526aa1f4e8186af9243563c7912?q-sign-algorithm=sha1&q-ak=AKID9IDtLZZKqGRO7hVFnMn0zjXTXovoTtAN&q-sign-time=1755771062%3B1755799862&q-key-time=1755771062%3B1755799862&q-header-list=&q-url-param-list=&q-signature=69a751c2aaf850a0fc5e7b19414f5999f5db985f" align="" alt="" border="" data-ratio="" data-s="" data-type="png" data-w="" aria-label="" aria-braillelabel="" aria-description="" height="1" hspace="" ismap="" opacity="" sizes="" style="" title="" type="" usemap="" vspace="" width="1" data-width="" data-height="" data-croporisrc="" data-cropx1="" data-cropx2="" data-cropy1="" data-cropy2="" data-cropselx1="" data-cropselx2="" data-cropsely1="" data-cropsely2="" data-backw="" data-backh="" data-copyright="" data-oversubscription-url="" data-before-oversubscription-url="" data-galleryid="" data-gallerysupplier="" data-cardimg="" data-fileid="" data-imgfileid="100043631" data-positionback="" data-imgqrcoded="" data-imgid="" data-upload="" data-fromlib="" data-aiimageid="" data-cacheurl="" data-retry=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">è¶ é¢æ主å ï¼åæå¸æ¤åè¿åº¦ä¸è°é¢æï¼Q1é¢æå¢é12%ï¼Q2ä¸è°è³4%ï¼ã</span></span></span></span></section></li></ul><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="2."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">ä¼ä¸æå¼ä¸åæå¸ä¿®æ£</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">58%</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf=""> çå ¬å¸ä¸è°2025å¹´å ¨å¹´æå¼ï¼Q1ä» 29%ï¼ã</span></span></span></span></section></li></ul><section data-mpa-md-key="common" style="margin-bottom: 16px;margin-left: 8px;margin-right:8px;margin-top: 16px;"><section nodeleaf="" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;"><img class="rich_pages wxw-img" data-imgfileid="100043637" data-ratio="0.6080206985769728" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianxXibWTodRxnyjDfGbMic6kx1F1ibgKFSIJbic4271gOudpPaoickbwvpaRA/640?wx_fmt=png&from=appmsg" data-type="png" data-w="773" height="1" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;" width="1" /></section></section><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">åæå¸åæ¥ä¸è°2026å¹´EPSé¢æï¼ä½é¢è®¡2025å¹´ä¸åå¹´å¢éå°æ¾ç¼è³</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">7%</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼Q2为11%ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">é«çé¢æµ2025/2026å¹´EPSå¢éå为</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">7%</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼ä½äºå¸åºå ±è¯ï¼2026å¹´å ±è¯ä¸º13%ï¼ã</span></span></span></span></section></li></ul><section data-mpa-md-key="common" style="margin-bottom: 16px;margin-left: 8px;margin-right:8px;margin-top: 16px;"><section nodeleaf="" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;"><img class="rich_pages wxw-img" data-imgfileid="100043635" data-ratio="0.6693877551020408" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianVbibz9WZk0Ydp0TOqKcwFWauSdSNXX7JHKWlua2hwsCzb1whn3gsgkQ/640?wx_fmt=png&from=appmsg" data-type="png" data-w="490" height="1" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;" width="1" /></section></section><section data-mpa-md-key="text" style="font-size: 15px;margin-bottom: 16px;color: #333333;margin-left: 8px;margin-right:8px;margin-top: 16px;letter-spacing: 1px;" data-mpa-md-action-id="mel8sjzk1t4q" data-mpa-md-template="1"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">äºãå ³é®é©±å¨å ç´ </span></span></strong></span></span></section><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="1."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">å©æ¶¦çé§æ§</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true" data-remoteid="" data-asynid="" src="https://mmbiz.qlogo.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianVbibz9WZk0Ydp0TOqKcwFWauSdSNXX7JHKWlua2hwsCzb1whn3gsgkQ/0?wx_fmt=png&from=appmsg" data-src="" src="https://ima-notebook-prod.image.myqcloud.com/2/Iq0YEe4oUhyNpfpqda0fYP/68be5b6723ac4e65b94605b534afb9f9?q-sign-algorithm=sha1&q-ak=AKID9IDtLZZKqGRO7hVFnMn0zjXTXovoTtAN&q-sign-time=1755771062%3B1755799862&q-key-time=1755771062%3B1755799862&q-header-list=&q-url-param-list=&q-signature=b3cbf6bc51db4fdff263c659d86ac83fd368449a" align="" alt="" border="" data-ratio="" data-s="" data-type="png" data-w="" aria-label="" aria-braillelabel="" aria-description="" height="1" hspace="" ismap="" opacity="" sizes="" style="" title="" type="" usemap="" vspace="" width="1" data-width="" data-height="" data-croporisrc="" data-cropx1="" data-cropx2="" data-cropy1="" data-cropy2="" data-cropselx1="" data-cropselx2="" data-cropsely1="" data-cropsely2="" data-backw="" data-backh="" data-copyright="" data-oversubscription-url="" data-before-oversubscription-url="" data-galleryid="" data-gallerysupplier="" data-cardimg="" data-fileid="" data-imgfileid="100043628" data-positionback="" data-imgqrcoded="" data-imgid="" data-upload="" data-fromlib="" data-aiimageid="" data-cacheurl="" data-retry=""><span data-slate-string="true"><span leaf="">å ³ç¨å½±åå¼±äºé¢æï¼æ æ®500æ´ä½å©æ¶¦çç¯æ¯ä» ä¸é0.1个ç¾åç¹ï¼ä¸ä½ä¸ªè¡å©æ¶¦çåå0.4个ç¾åç¹ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ä½é«ç认为2026å¹´å©æ¶¦çæ©å¼ é¢æï¼å ±è¯é¢æµ13%ï¼è¿äºä¹è§ã</span></span></span></span></section></li></ul><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="2."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">è¥æ¶ä¸æ±çå½±å</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ç¾å èµ°å¼±æ¨å¨å¤§åè¡è¥æ¶å¢é¿ï¼ä½åé¤æ±çåå®é 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data-mpa-md-template="1"><span data-marker="3."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">ç§æ巨头主导å¢é¿</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">"ç¾è¡ä¸é"ï¼å«æªåè´¢æ¥çNVDAï¼</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼ </span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">Q2 EPSå¢é¿</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">26%</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼è¶ é¢æ12个ç¾åç¹ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">2026å¹´èµæ¬æ¯åºé¢æä¸è°**29%**è³4610亿ç¾å ï¼å æ æ®500æ»èµæ¬æ¯åº52%ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ä¸å ¶ä½493åªæåè¡çå¢é差达19个ç¾åç¹ï¼é¢æ14个ç¾åç¹ï¼ã</span></span></span></span></section></li></ul><section data-mpa-md-key="text" style="font-size: 15px;margin-bottom: 16px;color: #333333;margin-left: 8px;margin-right:8px;margin-top: 16px;letter-spacing: 1px;" data-mpa-md-action-id="mel8sjzs1uhc" data-mpa-md-template="1"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">ä¸ãè¡ä¸åå</span></span></strong></span></span></section><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="1."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">é¢æ¶¨è¡ä¸</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">ä¿¡æ¯ææ¯</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼ä¸ä½è¡EPSå¢é¿15%ï¼ã</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">éä¿¡æå¡</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼14%ï¼åAIæèµå¨æ驱å¨ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">éè</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ã</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">å·¥ä¸</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">æ¿åå¢é稳å¥ï¼ä¸ä½è¡EPSå¢é¿8%ï¼ã</span></span></span></span></section></li></ul><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="2."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">æç´¯è¡ä¸</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">ææ</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ã</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">å¿ éæ¶è´¹å</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ã</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">è½æº</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">æ¿åä¸ä½è¡EPSè´å¢é¿ï¼-5%è³-20%ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">大å®ååç¸å ³è¡ä¸ï¼è½æº/ææï¼åå¿ éæ¶è´¹åéå®å¢é¿æå¼±ã</span></span></span></span></section></li></ul><section data-mpa-md-key="text" style="font-size: 15px;margin-bottom: 16px;color: #333333;margin-left: 8px;margin-right:8px;margin-top: 16px;letter-spacing: 1px;" data-mpa-md-action-id="mel8sk031snv" data-mpa-md-template="1"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">åãå¸åºå±æä¸é£é©</span></span></strong></span></span></section><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="1."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">å¢é¿æ¶æé¢æ</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">å ±è¯é¢è®¡2026å¹´"ä¸é"å¢éæ¾ç¼ï¼å ¶ä½å ¬å¸å 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data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="2."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">ä¼°å¼ä¸æµå¨æ§</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">å½åæ æ®500åç»å¸çç</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">24å</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼åå²90%åä½ï¼ã</span></span></span></span></section></li></ul><section data-mpa-md-key="common" style="margin-bottom: 16px;margin-left: 8px;margin-right:8px;margin-top: 16px;"><section nodeleaf="" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;"><img class="rich_pages wxw-img" data-imgfileid="100043636" data-ratio="0.6491935483870968" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianB83Jrhibicf8BNGI3Dzf7WCicbNKpLV9d05W4RickvLNtj4dwKKibNcLCRg/640?wx_fmt=png&from=appmsg" data-type="png" data-w="496" height="1" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;" width="1" /></section></section><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">æ 绪ææ è¾¾2021å¹´ä¸ä»¥æ¥æé«ï¼é¢ç¤ºçæä¸è¡ç©ºé´æéã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">èµæ¬æ¯åºå¢é¿ï¼æ´ä½24%ï¼ä¸ä½è¡4%ï¼ä¸åè´æ¾ç¼ï¼æ´ä½-1%ï¼å½¢æ对æ¯ã</span></span></span></span></section></li></ul><section data-mpa-md-key="common" style="margin-bottom: 16px;margin-left: 8px;margin-right:8px;margin-top: 16px;"><section nodeleaf="" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;"><img class="rich_pages wxw-img" data-imgfileid="100043633" data-ratio="0.7186311787072244" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianwrcTnvyJBSpKiaAVoEX0gqT0MqXU9HfGamtWk4eF7JVIrl1N9cWt1Qg/640?wx_fmt=png&from=appmsg" data-type="png" data-w="526" height="1" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;" width="1" /></section></section><section data-mpa-md-key="text" style="font-size: 15px;margin-bottom: 16px;color: #333333;margin-left: 8px;margin-right:8px;margin-top: 16px;letter-spacing: 1px;" data-mpa-md-action-id="mel8sk0e23lk" data-mpa-md-template="1"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">äºãé«çå 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data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">2025å¹´æ«ï¼</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">6600ç¹</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼å½å6469ç¹ï¼æ½å¨æ¶¨å¹ 2%ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">12个æï¼</span></span></span></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">6900ç¹</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼æ½å¨æ¶¨å¹ 7%ï¼ã</span></span></span></span></section></li></ul><ol style="list-style-type: decimal;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="ordered-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker="2."></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">å®è§å设</span></span></strong></span></span></section></li></ol><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ç¾å èµ°å¼±ï¼æ¬§å /ç¾å é¢æµ1.25ï¼ãé»éç涨16%ï¼è³3920ç¾å /çå¸ï¼ï¼åæ²¹çè·18%ï¼è³55ç¾å /桶ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ç¾èå¨2026å¹´éæ¯é¢æï¼èé¦åºéå©ç2.5%ï¼ã</span></span></span></span></section></li></ul><section data-mpa-md-key="common" style="margin-bottom: 16px;margin-left: 8px;margin-right:8px;margin-top: 16px;"><section nodeleaf="" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;"><img class="rich_pages wxw-img" data-imgfileid="100043638" data-ratio="0.6174089068825911" data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwkOB9DzshJYas7jOLnn41ianWib7T8DoMscIX7JKLN8q7vQO0pg6PGdfIe1nVCU8F1EPLDSWfKicISog/640?wx_fmt=png&from=appmsg" data-type="png" data-w="494" height="1" style="height: auto;width: auto;max-height: none;max-width: none;min-height: auto;min-width: auto;" width="1" /></section></section><section data-mpa-md-key="text" style="font-size: 15px;margin-bottom: 16px;color: #333333;margin-left: 8px;margin-right:8px;margin-top: 16px;letter-spacing: 1px;" data-mpa-md-action-id="mel8sk0l189k" data-mpa-md-template="1"><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">å ãéå½æ°æ®äº®ç¹</span></span></strong></span></span></section><ul style="list-style-type: disc;padding-left: 1.2em;color: rgb(37, 37, 37);margin-left: 8px;margin-right: 8px;width: fit-content;" class="list-paddingleft-1"><li><section style="margin-bottom: 8px;font-size: 15px;color:#333333;letter-spacing: 1px;" data-mpa-md-content="t" data-mpa-md-key="bullet-list" data-mpa-md-action-id="$id" data-mpa-md-template="1"><span data-marker=""></span><span data-slate-node="text"><span data-slate-leaf="true"><strong><span data-slate-string="true"><span leaf="">æ¬å¨ä¸ªè¡æ³¢å¨</span></span></strong></span></span><span data-slate-node="text"><span data-slate-leaf="true"><span data-slate-string="true"><span leaf="">ï¼æ´¾æèï¼+32%ï¼ãè±ç¹å°ï¼+23%ï¼ï¼åºç¨ææï¼-12%ï¼ã</span></span></span></span></section></li></ul><ul style="list-style-type: disc;padding-left: 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