土地市场的“ICU与夜总会”：一线火爆VS三四线冰冻，2026年钱该押在哪？

发布于 2026-01-07

<h1 style="margin-top: 16px;margin-bottom: 16px;"><section style="margin-top: 16px;margin-bottom: 16px;">ä¸ãå¸åºæç»ªä¸å¨æåæ ï¼ç¼©éé´è·ä¸çç»ææ§åå</section><o:p></o:p></h1>2024-2025å¹´å¨å½æ¶å®åå°å¸åºåç°âéä»·èç¦»âç¹å¾ï¼æäº¤å¹æ°ä»17,714å¹éè³10,869å¹ï¼éå¹38.64%ï¼æäº¤æ»ä»·ä»25,979.06äº¿åéè³22,448.03äº¿åï¼éå¹13.59%ï¼ä½å¹³åæ¥¼æ¿ä»·ä»4,367.27å/ã¡å¾®æ¶¨è³4,457.59å/ã¡ï¼+2.07%ï¼ï¼å¹³åæº¢ä»·çä»3.17%åè³4.90%ï¼+54.32%ï¼ãåå¸è½çº§ååæ¾èï¼ä¸çº¿åå¸æäº¤å¹æ°éå¿å¢é¿25.10%ï¼490å¹â613å¹ï¼ï¼æº¢ä»·çè¾¾14.89%ï¼ä¸åçº¿åå¸æäº¤å¹æ°ä¸é44.15%ï¼æµæçä»è¾¾14.6%ã<o:p></o:p>æ ¸å¿æ°å¦æ¨¡åæç¤ºå¸åºè§å¾ï¼ä»·æ ¼å¼¹æ§ç³»æ°-0.6271ï¼æäº¤éæ¯é1%ï¼ä»·æ ¼æ¶¨0.63%ï¼ï¼å¨å½åå°æäº¤æ´»è·åº¦ææ°0.326ï¼ä¸çåä½ï¼ï¼æèµä»·å¼è¯ååºååº¦0.392ï¼åå¸è½çº§å·®å¼æ¾èï¼ã<o:p></o:p><h2 style="margin-top: 16px;margin-bottom: 16px;">äºãåå°è´¢æ¿ä¸ç¬¬ä¸æ§åçï¼ä¿¡ç¨éå®ä¸ä¼°å¼é»è¾éæ<o:p></o:p></h2><h3 style="margin-top: 16px;margin-bottom: 16px;">2.1 åå°åéå±æ§ä¸æ¿çéæ<o:p></o:p></h3>åå°ä½ä¸ºåå¸ä¿¡ç¨éç¹ï¼æ¿çéè¿â4+4+2ç»åæ³âï¼åæ¶éè´/éå®/éä»·/æ®éä½å®æ åï¼éä½å©ç/é¦ä»/åéè´·æ¬¾å©ç/æ¢è´ç¨è´¹ï¼å¢å åä¸ææ¹é 100ä¸å¥/ç½ååä¿¡è´·4ä¸äº¿åï¼éæä¿¡ç¨é»è¾ãæªè³2024å¹´åºï¼ç½ååä¿¡è´·è¾¾5.03ä¸äº¿åï¼è¶åå®ç®æ ï¼æ¯æ1400ä¸å¥ä½æ¿äº¤ä»ã<o:p></o:p><h3 style="margin-top: 16px;margin-bottom: 16px;">2.2 å©ä½æ³ä¼°å¼ä¸å¸åºæä»·<o:p></o:p></h3>ä»¥ä¸çº¿åå¸ä¸ºä¾ï¼ç¨å©ä½æ³å¬å¼æµç®ï¼å°ä»·ï¼Vï¼=ç©ä¸æ»å¼ï¼Aï¼-å»ºå®ææ¬ï¼Bï¼-å©æ¯ï¼Cï¼-ç¨è´¹ï¼Dï¼-å©æ¶¦ï¼Eï¼ãåäº¬äºç¯åçè®ºå°ä»·9.91ä¸å/ã¡ï¼å®éæ¥¼æ¿ä»·20,613å/ã¡ï¼ä¼°å¼æä»·79%ï¼åæ æ¿çæåºä¸å¸åºæ²è§é¢æçåå¼ã<o:p></o:p><h3 style="margin-top: 16px;margin-bottom: 16px;">2.3 ä»·æ ¼è¶å¿é¢æµ<o:p></o:p></h3>2026å¹´åè½çº§ä»·æ ¼ååï¼ä¸çº¿åå¸æ¥¼æ¿ä»·é¢è®¡ä»20,613å/ã¡éè³17,904å/ã¡ï¼-13.1%ï¼ï¼äºçº¿åå¸ä»6,101å/ã¡åè³7,237å/ã¡ï¼+18.6%ï¼ï¼ä¸åçº¿åå¸åå«ä¸æ¶¨15.4%ã16.7%ã<o:p></o:p><h2 style="margin-top: 16px;margin-bottom: 16px;">ä¸ãæ¿çä¼ å¯¼ä¸âäººåäº§âæ¨æ¼ï¼ä¸çº§æ æçå±æ¯æåº<o:p></o:p></h2><h3 style="margin-top: 16px;margin-bottom: 16px;">3.1 å®è§æ æï¼å©çä¸èèµç¯å¢<o:p></o:p></h3>é¦å¥æ¿å©çéè³3.05%ï¼åå²ä½ä½ï¼ï¼M2å¢éä¸åå°æäº¤æ»ä»·ç¸å³æ§ç³»æ°0.73ãæ ¸å¿24åå¤®ä¼æ¿å°å æ¯13.1%ï¼+1.3pctï¼ï¼æ°ä¼å æ¯24.2%ï¼+6.7pctï¼ï¼å°æ¹å½ä¼å æ¯50.4%ï¼-9pctï¼ï¼æ¿å°ä¸»ä½ç»æè¶äºåè¡¡ã<o:p></o:p><h3 style="margin-top: 16px;margin-bottom: 16px;">3.2 ä¸è§åå¸ï¼è½çº§ååæ°æ®<o:p></o:p></h3><table style="border-collapse:collapse;width:100.0000%;mso-table-layout-alt:fixed;border:none;mso-border-left-alt:0.5000pt solid windowtext;mso-border-top-alt:0.5000pt solid windowtext;mso-border-right-alt:0.5000pt solid windowtext;mso-border-bottom-alt:0.5000pt solid windowtext;mso-border-insideh:0.5000pt solid windowtext;mso-border-insidev:0.5000pt solid windowtext;mso-padding-alt:0.0000pt 5.4000pt 0.0000pt 5.4000pt;"><tbody><tr><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-width: 1pt;border-style: solid;border-color: windowtext;">åå¸è½çº§<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-width: 1pt;border-style: solid;border-color: windowtext;">æäº¤å¹æ°åå<o:p></o:p></td><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-width: 1pt;border-style: solid;border-color: windowtext;">æ»ä»·åå<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-width: 1pt;border-style: solid;border-color: windowtext;">æ¥¼æ¿ä»·åå<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-width: 1pt;border-style: solid;border-color: windowtext;">æº¢ä»·çåå<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-width: 1pt;border-style: solid;border-color: windowtext;">æèµä»·å¼è¯å<o:p></o:p></td></tr><tr><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">ä¸çº¿<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">+25.10%<o:p></o:p></td><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">-16.80%<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">-5.27%<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">+4.38pp<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">0.638ï¼æ¨èï¼<o:p></o:p></td></tr><tr><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">äºçº¿<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">-29.48%<o:p></o:p></td><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">+1.15%<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">+9.38%<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">+3.39pp<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">0.220ï¼è°¨æï¼<o:p></o:p></td></tr><tr><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">ä¸çº¿<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">-44.15%<o:p></o:p></td><td data-colwidth="73" width="73" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">-24.04%<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">+1.55%<o:p></o:p></td><td data-colwidth="88" width="88" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">+1.53pp<o:p></o:p></td><td data-colwidth="102" width="102" valign="top" style="padding: 0pt 5.4pt;border-left: 1pt solid windowtext;border-right: 1pt solid windowtext;border-top: none;border-bottom: 1pt solid windowtext;">-0.078ï¼ä¸æ¨èï¼<o:p></o:p></td></tr></tbody></table>æ ¸å¿24ååºè®©éè¶1400äº¿åçåå¸ä¸ºæå·ãåäº¬ãä¸æµ·ï¼éåºãææåºè®©éåæ¯å¢é129.3%ã73.4%ã<o:p></o:p><h3 style="margin-top: 16px;margin-bottom: 16px;">3.3 å¾®è§å°åï¼æ¿ä¼æ¿å°ç¡¬ææ <o:p></o:p></h3>æ ¸å¿åå¸æ¿å°éæ»¡è¶³ï¼å°ä»·æ¿ä»·æ¯â¤50%ï¼åäº¬äºç¯å48.2%ãå¹¿å·åæ²42.3%ï¼ãIRRâ¥12%ï¼ä¸çº¿æ ¸å¿å°å13-15%ï¼ãå»åå¨æâ¤18ä¸ªæï¼ä¸çº¿åå¸å¹³å14.2ä¸ªæï¼ã<o:p></o:p><h2 style="margin-top: 16px;margin-bottom: 16px;">åãé¢æå·®ä¸åºå±æ´å¯ï¼éä»·èç¦»çæ¬è´¨<o:p></o:p></h2><h3 style="margin-top: 16px;margin-bottom: 16px;">4.1 å¸åºååçæ ¸å¿çç¾<o:p></o:p></h3>å¨å½æ¿ä»·åæ¯é3.7%ï¼ä½ä¸çº¿æ¥¼æ¿ä»·æ¶¨15.5%ï¼åæ âé¢æå³å®å°ä»·ï¼æ¿çæåº+ç¨ç¼ºæ§ï¼ãè´ä¹°åå³å®æ¿ä»·ï¼æ¶å¥é¢æ+æ¿è´·ååï¼âçå²è£ãä¸çº¿åå¸é¶æµæï¼ä¸åçº¿æµæç14.6%ï¼å¸åºåç°âICUä¸å¤æ»ä¼âå¹¶åç¹å¾ã<o:p></o:p><h3 style="margin-top: 16px;margin-bottom: 16px;">4.2 å¨æå®ä½ä¸è¡ä¸éä¸åº¦<o:p></o:p></h3>å½åå¤äºâæ¿çåºå·²ç°ï¼2024å¹´760æ¬¡æ¿çï¼ãå¸åºåºæ»å6-8ä¸ªæï¼é¢è®¡2025Q4ï¼âé¶æ®µãTOP10æ¿ä¼æ¿å°å æ¯47.3%ï¼+22pctï¼ï¼è¡ä¸éä¸åº¦å éæåã<o:p></o:p><h2 style="margin-top: 16px;margin-bottom: 16px;">äºãæèµçç¥ä¸é£é©SOPï¼æ°æ®é©±å¨çåçº§å³ç<o:p></o:p></h2><h3 style="margin-top: 16px;margin-bottom: 16px;">5.1 èµééç½®æ¯ä¾<o:p></o:p></h3>Â·ä¸çº¿åå¸ï¼50-60%ï¼åäº¬ãå¹¿å·ä¼åï¼ <o:p></o:p>Â·æ ¸å¿äºçº¿ï¼30-40%ï¼æå·ãæé½ãæ¦æ±ï¼ <o:p></o:p>Â·ä¸åçº¿ï¼â¤10%ï¼ä»ç¹æ®æ¿çæ¯æåºåï¼<o:p></o:p><h3 style="margin-top: 16px;margin-bottom: 16px;">5.2 é£é©æ§å¶çº¢çº¿<o:p></o:p></h3>1.å»åå¨æï¼24ä¸ªæçåå¸ï¼ä¸çº¿å¹³å28.6ä¸ªæï¼ <o:p></o:p>2.ç§éåæ¥çï¼2.5%çå°åï¼åçº¿å¹³å1.8%ï¼ <o:p></o:p>3.åå°è´¢æ¿ä¾èµåº¦ï¼80%çåå¸ï¼æè¥¿é¨ä¸çº¿åå¸91.3%ï¼<o:p></o:p><h2 style="margin-top: 16px;margin-bottom: 16px;">åãæ»ç»ä¸è§å¯çªå£<o:p></o:p></h2><h3 style="margin-top: 16px;margin-bottom: 16px;">æ ¸å¿ç»è®º<o:p></o:p></h3>1.ååæ°å¸¸æï¼ä¸çº¿æäº¤å¢25.10%ï¼ä¸åçº¿é44.15%ï¼âå¼ºèæå¼ºâæ ¼å±ç¡®ç«ã <o:p></o:p>2.æ¿ççªå£æï¼5.03ä¸äº¿åç½ååä¿¡è´·+3.05%ä½å©çï¼ä¸ºéå¨æå¸å±æä¾æ¡ä»¶ã <o:p></o:p>3.ç®è´¦é»è¾è½¬åï¼å°ä»·æ¿ä»·æ¯ãIRRãå»åå¨æâéä¸è§âåä»£âèµå°ä»·ä¸æ¶¨âç²æ¾æ¨¡å¼ã<o:p></o:p><h3 style="margin-top: 16px;margin-bottom: 16px;">è§å¯çªå£ï¼æªæ¥30å¤©ï¼<o:p></o:p></h3>Â·æ¿çé¢ï¼åéæ¿è´·å©çä¸è°æ¦ç60% <o:p></o:p>Â·å¸åºé¢ï¼åäº¬2025ç¬¬äºæ¹åæï¼6æ15æ¥ï¼å¹³åæº¢ä»·çè¥çªç ´18%ï¼é¢ç¤ºæç»ªåæ <o:p></o:p>Â·æ°æ®é¢ï¼6æä¸çº¿åå¸æ°æ¿æäº¤åæ¯å¢é¿ï¼10%ï¼ç¡®è®¤å¸åºåºå½¢æ<o:p></o:p>å½ååå°å¸åºæ¬è´¨æ¯æ¿çæåºä¸å¸åºåºæ¸çè§ååºï¼ç²¾åç®è´¦ä¸åå¸éæ©æ¯ç©¿è¶å¨æçå³é®ã<o:p></o:p><section style="margin-top: 16px;margin-bottom: 16px;">------------------------------------------------------------------------</section><section style="margin-top: 16px;margin-bottom: 16px;text-align: center;"><span leaf="" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);margin: 0px;padding: 0px;outline: 0px;max-width: 100%;color: rgba(0, 0, 0, 0.9);font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 17px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: 0.544px;orphans: 2;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;background-color: rgb(255, 255, 255);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;box-sizing: border-box !important;overflow-wrap: break-word !important;" data-pm-slice="0 0 []">ä»¥ä¸ä¸ºæ¥å<span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);margin: 0px;padding: 0px;outline: 0px;max-width: 100%;color: rgba(0, 0, 0, 0.9);font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 17px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: 0.544px;orphans: 2;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;background-color: rgb(255, 255, 255);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span leaf="" data-pm-slice="1 1 ["para",{"tagName":"p","attributes":{"data-pm-slice":"0 0 []"},"namespaceURI":"http://www.w3.org/1999/xhtml"},"node",{"tagName":"span","attributes":{"style":"mso-spacerun:'yes'; font-size:21pt; font-family:''; color:rgb(17,24,39);"},"namespaceURI":"http://www.w3.org/1999/xhtml"}]" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);margin: 0px;padding: 0px;outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">æ°æ®æ·±åº¦éè§<span leaf="" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);margin: 0px;padding: 0px;outline: 0px;max-width: 100%;color: rgba(0, 0, 0, 0.9);font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 17px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: 0.544px;orphans: 2;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;background-color: rgb(255, 255, 255);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;box-sizing: border-box !important;overflow-wrap: break-word !important;">âââ</section>æè¦åºäº2024-2025å¹´å¨å½æ¶å®â¼å°æäº¤æ°æ®çæ·±åº¦åæï¼æ¬æ¥åéè¿æå»º7ä¸ªæ ¸â¼¼æ°å¦æ¨¡åï¼å¯¹å¨å½418ä¸ªåå¸çâ¼å°å¸åºè¡¨ç°è¿â¾äºå®éè¯ä¼°ãç ç©¶åç°ï¼å½åâ¼å°å¸åºåç°ææ¾çç»ææ§ååç¹å¾ï¼å¨å½æäº¤éâ¼¤å¹ä¸é38.64%ï¼ä½â¼çº¿åå¸éå¿å¢â»25.10%ï¼å±ç°å¼ºå²é§æ§ï¼æ¿çç¯å¢å®ç°åå²æ§è½¬æï¼ä»ä¸¥åè°æ§è½¬åå¨â¾¯â½æï¼ä¾å°çç¥ä¸»å¨æ¶ç¼©20%ï¼æ¨å¨ä¾éå³ç³»éæ°å¹³è¡¡ãåºäºæ°å¦æ¨¡åéååæï¼å»ºè®®å¼ååéå"èç¦â¼çº¿ãç²¾éâ¼çº¿ãè§é¿ä¸åçº¿"çå·®å¼åæèµçç¥ï¼éç¹å³æ³¨åäº¬ãâ¼´å·çä¼è´¨æèµæºä¼ï¼å¨æ¿ççªâ¼æå®ç°ç²¾åå¸å±ãâ¼ãå¨å½â¼å°å¸åºæ´ä½è¡¨ç°ï¼éä»·èç¦»ï¼ååå å§1.1 å¨å½æ»ä½æ°æ®è¡¨ç°2024-2025å¹´å¨å½æ¶å®â¼å°å¸åºåç°æ¾èçéä»·èç¦»ç¹å¾ï¼åæ åºå¸åºç»ææ§è°æ´çæ·±åº¦åå¤ææ§ï¼æ ¸â¼¼ææ ååï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æäº¤å¹æ°ï¼ä»17,714å¹ä¸éâ¾10,869å¹ï¼éå¹38.64%</li><li>æäº¤æ»ä»·ï¼ä»25,979.06äº¿åä¸éâ¾22,448.03äº¿åï¼éå¹13.59%</li><li>å¹³åæ¥¼æ¿ä»·ï¼ä»4,367.27å/ã¡ä¸åâ¾4,457.59å/ã¡ï¼æ¶¨å¹2.07%</li><li>å¹³åæº¢ä»·çï¼ä»3.17%ä¸åâ¾4.90%ï¼æ¶¨å¹54.32%</li></ul><section style="text-align: center;" nodeleaf=""><img data-src="https://mmecoa.qpic.cn/mmecoa_png/zd226QNNqG4tPWBD4XSE2l9Xaibialv1E8axaR46nWZORbJaicMM5Amz8MpH47lgpVp727UmOwQ9BUiaGdPBIriaXDg/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.5424460431654676" data-s="300,640" data-type="png" data-w="695" type="block" data-imgfileid="502359688" data-aistatus="1" /></section>1.2 æ°å¦æ¨¡åå®éåæç»æéè¿æå»ºç7ä¸ªæ ¸â¼¼æ°å¦æ¨¡åä½ç³»ï¼æâ½°äºâ¼å°å¸åºçåå¨è§å¾ï¼å³é®æ°å¦åç°ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>ä»·æ ¼å¼¹æ§ç³»æ°-0.6271ï¼æäº¤éæ¯ä¸é1%ï¼ä»·æ ¼ä¸æ¶¨çº¦0.63%ï¼æ¾â½°ä¾éå¤±è¡¡æºå¶</li><li>å¨å½â¼å°æäº¤æ´»è·åº¦ææ°0.326ï¼å¤äºä¸çåä½â½å¹³</li><li>æèµä»·å¼è¯ååºååº¦0.392ï¼ååå¸è½çº§å·®å¼æ¾èï¼æ¨¡ååºåè½â¼è¯å¥½</li></ul><section style="text-align: center;" nodeleaf=""><img data-src="https://mmecoa.qpic.cn/mmecoa_png/zd226QNNqG4tPWBD4XSE2l9Xaibialv1E8dKnQf24xWkf0umeLfup5xTbgDSU4IzsawTRnq4PMy5PAoCnJXGicdDw/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.709585121602289" data-s="300,640" data-type="png" data-w="699" type="block" data-imgfileid="502359689" data-aistatus="1" /></section>â¼ãååå¸è½çº§è¡¨ç°ï¼â¼çº¿é§æ§ï¼ä½çº¿æ¿å2.1 ååå¸è½çº§ååè¡¨ç°åºäºæ°å¦æ¨¡ååæï¼ååå¸è½çº§åç°ææ¾ååè¶å¿ï¼â¼çº¿åå¸ï¼4ä¸ªåå¸ï¼- Bçº§æ¨èï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æäº¤å¹æ°ï¼490å¹â613å¹ï¼+25.10%ï¼</li><li>æäº¤æ»ä»·ï¼5,626.63äº¿åâ4,681.38äº¿åï¼-16.80%ï¼</li><li>æ¥¼æ¿ä»·ï¼21,759å/ã¡â20,613å/ã¡ï¼-5.27%ï¼</li><li>æº¢ä»·çï¼10.51%â14.89%ï¼+4.38ç¾åç¹ï¼ </li><li>æèµä»·å¼è¯åï¼0.638ï¼æ¨èçº§å«ï¼</li></ul>â¼çº¿åå¸ï¼32ä¸ªåå¸ï¼- Cçº§è°¨æï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æäº¤å¹æ°ï¼3,935å¹â2,775å¹ï¼-29.48%ï¼</li><li>æäº¤æ»ä»·ï¼8,695.42äº¿åâ8,795.65äº¿åï¼+1.15%ï¼</li><li>æ¥¼æ¿ä»·ï¼5,578å/ã¡â6,101å/ã¡ï¼+9.38%ï¼</li><li>æº¢ä»·çï¼3.52%â6.91%ï¼+3.39ç¾åç¹ï¼</li><li>æèµä»·å¼è¯åï¼0.220ï¼è°¨æçº§å«ï¼</li></ul>ä¸çº¿åå¸ï¼135ä¸ªåå¸ï¼- Dçº§ä¸æ¨èï¼æäº¤å¹æ°ï¼12,742å¹â7,117å¹ï¼-44.15%ï¼æäº¤æ»ä»·ï¼10,726.57äº¿åâ8,147.48äº¿åï¼-24.04%ï¼æ¥¼æ¿ä»·ï¼2,299å/ã¡â2,334å/ã¡ï¼+1.55%ï¼æº¢ä»·çï¼3.44%â4.97%ï¼+1.53ç¾åç¹ï¼æèµä»·å¼è¯åï¼-0.078ï¼ä¸æ¨èï¼<section style="text-align: center;" nodeleaf=""><img data-src="https://mmecoa.qpic.cn/mmecoa_png/zd226QNNqG4tPWBD4XSE2l9Xaibialv1E8ibBz0lYibb5DEWWL69biczPj7ZOR9ibvdBouzouCkexMIpXxJNbMHvtLhQ/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.7619718309859155" data-s="300,640" data-type="png" data-w="710" type="block" data-imgfileid="502359690" data-aistatus="1" /></section>2.2 åºäºæ°å¦æ¨¡åçæèµå»ºè®®åçº§éè¿ç»¼åè¯ä¼°æ¨¡åï¼ååå¸è½çº§æèµå»ºè®®å¦ä¸ï¼<section style="text-align: center;" nodeleaf=""><img data-src="https://mmecoa.qpic.cn/mmecoa_png/zd226QNNqG4tPWBD4XSE2l9Xaibialv1E8tKEj47oc2Hj2PanhUWjer2ibGqyzmX5sj11zN4xcbYyV8WymibIjTTQg/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.36441893830703015" data-s="300,640" data-type="png" data-w="697" type="block" data-imgfileid="502359691" data-aistatus="1" /></section>ä¸ãâ¼çº¿åå¸è¯¦ç»åæï¼æºä¼ååï¼ç²¾åå¸å±3.1 â¼çº¿åå¸æèµæºä¼éåæåºåºäºå¸åºæºä¼è¯å«æ¨¡åï¼â¼çº¿åå¸æèµæºä¼æåºä¸ºï¼1. åäº¬ï¼8åä¼è´¨æºä¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æäº¤éå¢â»30.33%ï¼ä»·æ ¼ä¸æ¶¨9.38%</li><li>æ¿çå©å¥½ï¼â¾®äº¬ç±è´æ¿ç¤¾ä¿è¦æ±éä½ï¼å¤â¼¦â¼¥å®¶åºæ¿çâ½æ</li><li>æèµéç¹ï¼äºç¯åä¼è´¨å°åï¼ç¹å«æ¯å°éæ²¿çº¿</li></ul>2. â¼´å·ï¼8åä¼è´¨æºä¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æäº¤éå¢â»31.31%ï¼ä»·æ ¼ä¸é18.40%ï¼æ§ä»·â½çªåº</li><li>åå±æ½â¼ï¼ç²¤æ¸¯æ¾³â¼¤æ¹¾åºæ ¸â¼¼åå¸ï¼â»æçå¥½</li><li>æèµéç¹ï¼åæ²ãâ»©åçæ°å´åºå</li></ul>3. æ·±å³ï¼6åä¼è´¨æºä¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æäº¤éæ´æ¶¨93.88%ï¼ä»·æ ¼â¼¤é52.67%ï¼è°æ´ç¸å¯¹åå</li><li>ä¾å°éå¶ï¼â¼å°ä¾åºç¨ç¼ºï¼ä¼è´¨å°åç«äºæ¿ç</li><li>æèµéç¹ï¼åæµ·ãåæçéç¹åå±åºå</li></ul>4. ä¸æµ·ï¼3åæºä¼æéï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æäº¤éä¸é13.74%ï¼ä»·æ ¼ä¸æ¶¨10.38%ï¼ç¸å¯¹ä¿å®</li><li>æ¿çååï¼å¤ç¯å¤è´æ¿ä¸éå¥æ°ï¼éæ±ææéæ¾</li><li>æèµçç¥ï¼è°¨æåä¸ï¼éç¹å³æ³¨å¤ç¯å¤åºåAIçæ</li></ul><section style="text-align: center;" nodeleaf=""><img data-src="https://mmecoa.qpic.cn/mmecoa_png/zd226QNNqG4tPWBD4XSE2l9Xaibialv1E89ZpHyrOFaMsfZXQGgeG1RqkVz5RbXR1mHbxanSMCEmXSyePJE5DLqQ/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="1.065433854907539" data-s="300,640" data-type="png" data-w="703" type="block" data-imgfileid="502359692" data-aistatus="1" /></section>3.2 â¼çº¿åå¸è¯¦ç»æ°æ®å¯¹â½<section style="text-align: center;" nodeleaf=""><img data-src="https://mmecoa.qpic.cn/mmecoa_png/zd226QNNqG4tPWBD4XSE2l9Xaibialv1E8ibQX79KK2p5lSXsAqUDsrU2pAoeTccbI4NB720iaFP4fjR0l4JGLbqDw/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.28989751098096633" data-s="300,640" data-type="png" data-w="683" type="block" data-imgfileid="502359693" data-aistatus="1" /></section>åãå¸åºè¡¨ç°èåçæ·±å±é»è¾4.1 æ¿çç¯å¢æ ¹æ¬æ§è½¬åä»ä¸¥åè°æ§å°å¨â¾¯â½æï¼ 2024å¹´æ¿å°äº§æ¿çå®ç°åå²æ§è½¬æï¼åºå°æ¿çè¶760æ¬¡ï¼ååå²æ°â¾¼ãæ¿çæ¡æ¶å½¢æ"4+4+2"ç»åæ³ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>åä¸ªåæ¶ï¼éè´ãéå®ãéä»·ãæ®éä½å®æ å</li><li>åä¸ªéä½ï¼å¬ç§¯â¾¦å©çãâ¾¸ä»â½ä¾ãåéè´·æ¬¾å©çãæ¢è´ç¨è´¹</li><li>ä¸¤ä¸ªå¢å ï¼åä¸ææ¹é 100ä¸å¥ãâ½©ååä¿¡è´·4ä¸äº¿å</li></ul>éè¦ç¨æ¶æ¿çè°æ´ï¼2024å¹´12â½1â½èµ·ï¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>å¥ç¨ä¼æ â¾¯ç§¯æ åä»90ã¡æâ¾¼å°140ã¡</li><li>ä¸ªâ¼éå®2å¹´ä»¥ä¸ä½æ¿â¼å¾åå¾å¢å¼ç¨</li><li>â¼å°å¢å¼ç¨é¢å¾çä¸éç»â¼éä½0.5ä¸ªç¾åç¹</li></ul>4.2 èèµç¯å¢æ¾èæ¹å"â½©åå"æºå¶æææ¾èï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æªâ¾2024å¹´åºï¼è´·æ¬¾â¾¦é¢è¾¾5.03ä¸äº¿åï¼è¶è¿åå®4ä¸äº¿åâ½¬æ </li><li>â½æ1400ä¸å¥ä½æ¿å»ºè®¾äº¤ä»ï¼ææç¼è§£æ¿ä¼èµâ¾¦åâ¼</li><li>æ¿ä¼åéèèµå±ææ¿çå»¶â»â¾2026å¹´åº</li></ul>4.3 ä¾éå³ç³»éæ°å¹³è¡¡ä¾ç»ç«¯ä¸»å¨æ¶ç¼©ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>2025å¹´å¨å½å®å°è®¡åä¾åºéåâ½ä¸é20%</li><li>â¼çº¿åå¸éå¹æâ¼¤ï¼å¹³åè¾¾31%</li><li>åå°åæ"ä»¥éå®ä¾"ååï¼æ ¹æ®å»åå¨æè°èä¾å°èå¥</li></ul>éæ±ç«¯æ¿çåºæ¿ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>éè´æ¿çå¨â¾¯æ¾ç»ï¼è´æ¿ç¾¤ä½æ©â¼¤</li><li>â¾¸å¥æ¿å©çéâ¾3.05%åå²ä½ä½</li><li>åäº¬â¾®äº¬ç±è´æ¿ç¤¾ä¿è¦æ±ä»3å¹´éâ¾2å¹´</li></ul>äºãæªæ¥å¸åºé¢æµï¼ååå¤èï¼æ ¸â¼¼åå¸çåä¼ç¨³5.1 åºäºæ°å¦æ¨¡åçä»·æ ¼è¶å¿é¢æµè¿â½¤ä»·æ ¼åå¨é¢æµæ¨¡åï¼2026å¹´ååå¸è½çº§ä»·æ ¼è¶å¿é¢æµï¼<section style="text-align: center;" nodeleaf=""><img data-src="https://mmecoa.qpic.cn/mmecoa_png/zd226QNNqG4tPWBD4XSE2l9Xaibialv1E8OyqYpFvHSc9pNRwWzd0qfp2ntficKlnlgwjIzZ5jmA2p2ib81h6iaGNKA/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.33620689655172414" data-s="300,640" data-type="png" data-w="696" type="block" data-imgfileid="502359694" data-aistatus="1" /></section>5.2 å¸åºå¤èæ¶åºé¢å¤çæï¼2025å¹´ä¸åå¹´ï¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>â½è·åºæ¬å®æï¼æ¿çæåºéæ¥æ¾ç°</li><li>â¼çº¿åå¸çåä¼ç¨³ï¼æ·±å³ãæå·ãä¸æµ·ãæé½çâ¼åé¢æçååç¨³</li><li>â¼å°æäº¤éææå®ç°æ£å¢â»</li></ul>ä¸æï¼2025å¹´ä¸åå¹´-2026å¹´ï¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>å»¶ç»å¼±å¤èâ¾å¿ï¼å¸åºä¿¡â¼¼éæ¥ä¿®å¤</li><li>æ ¸â¼¼â¼çº¿åå¸è·éå¤èï¼ä¸åçº¿åå¸ä»æ¿å</li><li>â¼å°ä»·æ ¼ååè¶å¿å»¶ç»</li></ul>â»æï¼"â¼äºäº"ä¸åæï¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>éçåºåéæ¥åè½ï¼ä¾æ±å³ç³»æ¹å</li><li>æ¿å°äº§ææéæ¥â¾åºè°æ´é¶æ®µ</li><li>æ°å»ºååä½å®å¹´åéå®â¾¯ç§¯ä¿æå¨7-8äº¿å¹³â½â½¶</li></ul>åãå¼ååæèµå»ºè®®ï¼ç²¾åå¸å±ï¼åçº§å³ç6.1 æ»ä½æèµçç¥æ ¸â¼¼çç¥ï¼èç¦â¼çº¿ãç²¾éâ¼çº¿ãè§é¿ä¸åçº¿åºäºæ°å¦æ¨¡åå®éåæï¼å»ºè®®éåå·®å¼åæèµçç¥ï¼èµâ¾¦éç½®å»ºè®®ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>â¼çº¿åå¸æèµå â½ï¼50-60%</li><li>æ ¸â¼¼â¼çº¿åå¸æèµå â½ï¼30-40%</li><li>ä¸çº¿åä»¥ä¸åå¸æèµå â½ï¼ä¸è¶è¿10%6.2 åçº§æèµæ§â¾å»ºè®®</li></ul>Bçº§-æ¨èï¼â¼çº¿åå¸ï¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æ§â¾çç¥ï¼ç§¯æå¸å±ï¼éç¹å³æ³¨åäº¬ãâ¼´å·ä¼è´¨å°å</li><li>æ¶æºææ¡ï¼æ¿ççªâ¼æï¼å»ºè®®è¿æå â¼¤æèµâ¼åº¦</li><li>â»é©æ§å¶ï¼å³æ³¨èµâ¾¦é¾å®å¨ï¼åçæ§å¶æ¿å°èå¥</li></ul>Cçº§-è°¨æï¼â¼çº¿åå¸ï¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æ§â¾çç¥ï¼ç²¾éæ ¸â¼¼â¼çº¿åå¸ï¼éç¹å¸å±æå·ãæé½ãæ¦æ±</li><li>éå°æ åï¼ä¼åéæ©å°éæ²¿çº¿ãå¦åºæ¿ãæ¹ååä½å®â½¤å°</li><li>èµâ¾¦éç½®ï¼éåº¦åä¸ï¼å æ»æèµâ½ä¾ä¸è¶è¿30%</li></ul>Dçº§-ä¸æ¨èï¼ä¸åäºçº¿åå¸ï¼ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æ§â¾çç¥ï¼æç¼æ°å¢æèµï¼éç¹æ¶ååéé¡¹â½¬</li><li>ç¹æ®æåµï¼é¤â¾®æç¹æ®æ¿çâ½ææäº§ä¸å¯¼â¼ï¼å¦åä¸å»ºè®®åä¸</li></ul>6.3 å·ä½åå¸æèµæååäº¬æèµè¦ç¹ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æèµéç¹ï¼äºç¯åä¼è´¨å°åï¼ç¹å«æ¯å°éæ²¿çº¿</li><li>æ¿çå©å¥½ï¼â¾®äº¬ç±è´æ¿â»æ§éä½ï¼å¤â¼¦â¼¥å®¶åºæ¿çâ½æ</li><li>â»é©æâ½°ï¼â¼å°ä»·æ ¼ä»å¤â¾¼ä½ï¼éå³æ³¨ææ¬æ§å¶</li></ul>â¼´å·æèµè¦ç¹ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æèµéç¹ï¼åæ²ãâ»©åçæ°å´åºå</li><li>ä»·æ ¼ä¼å¿ï¼â¼å°ä»·æ ¼ä¸é18.4%ï¼æ§ä»·â½çªåº</li><li>åå±æ½â¼ï¼ç²¤æ¸¯æ¾³â¼¤æ¹¾åºæ ¸â¼¼åå¸ï¼â»æçå¥½</li></ul>æ·±å³æèµè¦ç¹ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æèµéç¹ï¼åæµ·ãåæçéç¹åå±åºå</li><li>è°æ´ååï¼ä»·æ ¼â¼¤å¹ä¸é52.7%ï¼è°æ´ç¸å¯¹åå</li><li>ä¾å°éå¶ï¼â¼å°ä¾åºç¨ç¼ºï¼ä¼è´¨å°åç«äºæ¿ç</li></ul>ä¸æµ·æèµè¦ç¹ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æèµçç¥ï¼è°¨æåä¸ï¼éç¹å³æ³¨å¤ç¯å¤åºå</li><li>æ¿çååï¼å¤ç¯å¤è´æ¿ä¸éå¥æ°ï¼éæ±ææéæ¾</li><li>ææ¬èéï¼â¼å°ææ¬è¾â¾¼ï¼éä¸¥æ ¼æµç®æèµåæ¥</li></ul>6.4 æ§â¾æ¶é´è¡¨2025å¹´Q1-Q2ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>éç¹å¸å±â¼çº¿åå¸ä¼è´¨å°å</li><li>AIçæææ¡æ¿ççªâ¼æï¼ç§¯æåä¸â¼å°ç«æ</li></ul>2025å¹´Q3-Q4ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>éåº¦åä¸æ ¸â¼¼â¼çº¿åå¸</li><li>æ ¹æ®å¸åºè¡¨ç°è°æ´æèµèå¥</li></ul>2026å¹´åä»¥åï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æ ¹æ®å¸åºè¡¨ç°å¨æè°æ´çç¥</li><li>å³æ³¨æ¿çåååå¸åºåé¦</li></ul>ä¸ãâ»é©æâ½°ä¸æºä¼è¯å«7.1 ä¸»è¦æèµâ»é©1. æ¿çâ»é©<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æ¿çä¼ å¯¼åå¨æ¶æ»ï¼æææ¾ç°éè¦æ¶é´</li><li>å°â½æ¿çæ§â¾â¼åº¦å¯è½åå¨å·®å¼</li><li>æ¿å°äº§è°æ§æ¿çä»å¯è½æ ¹æ®å¸åºæåµè°æ´</li></ul>2. å¸åºâ»é©<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>ä¸åçº¿åå¸å»ååâ¼ä»ç¶è¾â¼¤</li><li>è´ä¹°â¼æ¢å¤ç¨åº¦åå¨ä¸ç¡®å®æ§</li><li>å¸åºååè¶å¿å¯è½è¿â¼æ¥å å§</li></ul>3. èµâ¾¦â»é©<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æ¿ä¼èèµç¯å¢è½ææ¹åä½ä»éè°¨æ</li><li>â¼å°æäº¤ä»·æ ¼æ³¢å¨å¯è½å½±åæèµåæ¥</li><li>ç°â¾¦æµç®¡çè¦æ±æ´å ä¸¥æ ¼</li></ul>7.2 ç»ææ§æèµæºä¼ä¼è´¨æèµæ çç¹å¾ï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>å°çä½ç½®ï¼æ ¸â¼¼åå¸æ ¸â¼¼åºåï¼äº¤éä¾¿å©</li><li>æ¿çâ½æï¼äº«åç¨æ¶ä¼æ ãèèµä¾¿å©çåºå</li><li>äº§ä¸â½æï¼æç¨³å®â¼â¼æµâ¼åäº§ä¸â½æ</li><li>ä¾å°ç¨ç¼ºï¼â¼å°ä¾åºåéï¼ç¨ç¼ºæ§å¼º</li></ul>éç¹å³æ³¨æºä¼ï¼1. â¼çº¿åå¸å°éæ²¿çº¿ä½å®â½¤å°2. æ ¸â¼¼â¼çº¿åå¸æ¹ååä½å®é¡¹â½¬3. æ¿çâ½æçåä¸ææ¹é é¡¹â½¬4. äº§ä¸æ°ååç§æååºå¨è¾¹â¼å°7.3 â»é©æ§å¶å»ºè®®1. æµå¨æ§ç®¡çç¡®ä¿åâ¾ç°â¾¦æµï¼åºå¯¹å¸åºæ³¢å¨åçå®ææ¿å°èå¥ï¼é¿åèµâ¾¦é¾æè£2. æ¿çè·è¸ªå¯åå³æ³¨æ¿çååï¼åæ¶è°æ´çç¥å»ºâ½´æ¿çè§£è¯»åâ»é©é¢è¦æºå¶3. å¸åºç å¤å å¼ºå¸åºè°ç åæ°æ®åæè½â¼å»ºâ½´ç§å¦çæèµå³çä½ç³»4. åºååæ£éåº¦åæ£æèµï¼éä½åâ¼å¸åºâ»é©å¨ä¼å¿åºåå»ºâ½´ç«äºå£åâ¼ãç»è®ºä¸å±æ8.1 æ ¸â¼¼ç»è®º1. å¸åºååå å§ï¼â¼çº¿åå¸å±ç°å¼ºå²é§æ§ï¼ä¸åçº¿åå¸æ¿åææ¾ï¼ç»ææ§ååè¶å¿ç¡®â½´2. æ¿çç¯å¢è½¬åï¼ä»ä¸¥åè°æ§è½¬åå¨â¾¯â½æï¼ä¸ºâ¼å°å¸åºä¼ç¨³åé è¯å¥½æ¡ä»¶3. ä¾éå³ç³»éæï¼ä¾å°ä¸»å¨æ¶ç¼©ä¸éæ±æ¿çåºæ¿å¹¶ä¸¾ï¼æ¨å¨å¸åºéæ°å¹³è¡¡4. æèµæºä¼æ¾ç°ï¼â¼çº¿åå¸ç¹å«æ¯åäº¬ãâ¼´å·åç°ä¼è´¨æèµæºä¼ï¼æ¿ççªâ¼æå¼å¾ææ¡8.2 æç¥å±æå½åâ¼å°å¸åºæ£å¤äºæ¿çè½¬åä¸å¸åºéæçå³é®èç¹ãåºäºæ°å¦æ¨¡åå®éåæåæ·±åº¦å¸åºè°ç ï¼æªæ¥2-3å¹´åï¼<ul style="list-style-type: disc;" class="list-paddingleft-1"><li>æ ¸â¼¼åå¸å°çåä¼ç¨³ï¼ä¸ºæå®â¼çå¼ååæä¾æèµæºä¼</li><li>æ¿çâ½æâ¼åº¦æææç»ï¼ä¸ºå¸åºå¤èæä¾å¨â¼</li><li>å¸åºååè¶å¿å°å»¶ç»ï¼ç²¾åéæ©æä¸ºæåå³é®</li><li>â¾ä¸éä¸åº¦å°è¿â¼æ¥æåï¼ä¼è´¨ä¼ä¸è·å¾æ´å¤åå±ç©ºé´</li></ul>8.3 æç»å»ºè®®å»ºè®®å¼ååå¨å½åå¸åºç¯å¢ä¸ï¼éå"èç¦â¼çº¿ãç²¾éâ¼çº¿ãè§é¿ä¸åçº¿"çå·®å¼åæèµçç¥ï¼éç¹ææ¡æ¿ççªâ¼æçæèµæºä¼ãå³é®å¨äºï¼1. ç²¾ååå¸éæ©ï¼èç¦åäº¬ãâ¼´å·çä¼è´¨â¼çº¿åå¸2. ä¸¥æ ¼â»é©æ§å¶ï¼ç¡®ä¿èµâ¾¦é¾å®å¨ï¼åçæ§å¶æèµèå¥3. ææ¡æèµæ¶æºï¼å©â½¤æ¿çâ½ææï¼ç§¯æå¸å±ä¼è´¨å°å4. å»ºâ½´æ ¸â¼¼ç«äºâ¼ï¼å¨ä¼å¿åºåæ·±èï¼æåäº§ååæå¡åè´¨å¨å¸åºååä¸å¯»æ¾ç»ææ§æºä¼ï¼å¨æ¿çâ½æä¸å®ç°å¯æç»åå±ï¼å°æ¯å¼ååå¨æ°â¼è½®å¸åºå¨æä¸è·å¾æåçå³é®æå¨ã<mp-style-type data-value="3"></mp-style-type>

← 返回观点全库