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谁“杀死”了重庆房价？百万级亏损背后，一场从“火锅配房贷”到“不相信眼泪”的集体信仰崩塌！原创已修改第1次修改 2026年01月12日 15时31分か℃簡簡單單

发布于 2026-01-12

<p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä¸ºä½è¦</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âç©¿éâéåºæ¥¼å¸èæï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´çéåºæ¥¼å¸ï¼æ£ç»åä¸åºä»âç«éæ±æ¹âå°âç°å®å°å±âçéä½å¿æè½¬åã</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">B</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ç«è¯è®ºåºçæ¯ä¸æ¡çè¨ï¼é½æ¯æ®éå¸æ°ç¨çéç½é¶åçæ´»ä½éªåä¸çâä½ææ¥è®°âã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¬¬ä¸ç« </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æç»ªæ´é¨è¡¨ï¼ä»</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âç«ééæ¿è´·âå°âä¸ç¸ä¿¡ç¼æ³ªâ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p style="text-align: right;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ââéä½å¿æçåå¹´åè½¬ </span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1.1 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æç»ªè½¬åçæ¶ä»£èæ¯ï¼ä»âåéä¹åâå°âæµå¨æ§ç¦èâ</span><span textstyle="" style="font-size: 17px;"> </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">éåºæ¾å </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âæ¿ä»·æ´¼å°âæä¸ºå¨å½è´æ¿èçâåéå¤©å âã</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2015-2020</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ï¼å¶æ°æ¿åä»·é¿æç¨³å®å¨</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.2-1.5</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼è¿ä½äºåçº§å«åå¸ï¼å¦æé½</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.8-2.2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼ãè¿ç§âä½ä»·å®¹éâå¿æï¼è®©å¸æ°å½¢æäºâåæ£ä¾¿å®ï¼ä¹°äºä¸äºâçæ¾å¼æï¼çè³è¡çåºâç«ééæ¿è´·âçæ±æ¹èªå²ââæ¿è´·ååå¦åç«éè¾£åº¦ï¼è½æåºæ¿ä½å°è½æ¿åã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´çè½¬æç¹ï¼å½æ¿ä»·ä»âæ¨ªçâè½¬åâé´è·âï¼å å ç»æµå¢éæ¾ç¼ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2024</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåº</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">GDP</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¢é</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">5.2%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ä½äºå¨å½å¹³å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">5.5%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ãå¤±ä¸çä¸åï¼éå¹´å¤±ä¸ççªç ´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">20%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ï¼æ¾å¼æå½»åºè¢«ç¦èåä»£ã</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">B</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ç«è¯è®ºåºçæç»ªæ¸©åº¦è®¡æ¾ç¤ºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´è´é¢è¯è®ºå æ¯è¾¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">68%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼è¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2020</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">22%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼å¢é¿</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">209%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼å¶ä¸âåä¸æââäºæ¨äºââæä¾âæä¸ºé«é¢è¯ã  </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1.2 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è¿ç´çæ²è§ï¼ä»âåæ£ä¾¿å®âå°âæ åºæ´âçæ¡ä¾è§£å </span><span textstyle="" style="font-size: 17px;"> </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ¡ä¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼é«ä½ç«å²èçâ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">25%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">èµäº§è¸åâ </span></span></font><font face="å®ä½"><span leaf=""><br /></span></font></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">â</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">90</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹³çæ¿åï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">17</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">120</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¹°çï¼ç°å¨æ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">90</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">é½é¾åºæâ </span></span></font><font face="å®ä½"><span leaf=""><br /></span></font></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æ°æ®æè§£ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2017</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºæ¥¼å¸å¤äºä¸è¡å¨æï¼åä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼ï¼è¯¥æ¿æºåä»·çº¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.33</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æçä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼è·å¹</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">25%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼è´¦é¢äºæ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸åãè¥èèå©æ¯ææ¬ï¼æè´·æ¬¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">70%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ãå©ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">5.88%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ãè´·æ¬¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">20</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´è®¡ç®ï¼æ»å©æ¯çº¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">45</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸åï¼ï¼å®éäºæè¶</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">75</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸åï¼ç¸å½äºéåºå¹³åå®¶åº</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´å¯æ¯éæ¶å¥ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2024</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºåéå±æ°äººåå¯æ¯éæ¶å¥</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">4.8</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸åï¼ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¿çå²å»ï¼âé¾åºæâæ¯âäºæâæ´è´å½ââå½æ¿äº§ä»âéæ¶åç°çèµäº§âåæâç ¸å¨æéçç å¤´âï¼è´æ¿èçå®å¨æå½»åºå´©å¡ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ¡ä¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼âè°æ©âå¼ä¸è·çå¸åºä¿¡ä»°ç¦è§£ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âåé¢çä¸ç¾å¤ä¸çæ¿åï¼ä»å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">180</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">....</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">â </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;"> </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åºåæåï¼æ¤ç±»æ¿æºå¤ä½äºæ¸åç§æ¯å±±ãå·´åçç³çæ¾ç»çâçé¨æ°åºâãä»¥ç§æ¯å±±ä¸ºä¾ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´å·å³°æåä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2.2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´é¨åæ¥¼çæäº¤ä»·ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼è·å¹æ°å¥½</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">50%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¿¡ä»°å´©å¡ï¼âæåºâé»è¾å¤±æââ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2023</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´âæåºâèä»¥ä¸º</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.8</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡æ¯åºé¨ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡çç°å®åè¯ä»ï¼âåºâå¯è½å¨å°ä¸ãè¿ç§âæ åºæ´âé¢æï¼è®©å¸åºé·å¥âè¶è·è¶ä¸æ¢ä¹°ï¼è¶ä¸æ¢ä¹°è¶è·âçæ¶æ§å¾ªç¯ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1.3 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ ¸å¿é©±å¨åï¼æµå¨æ§æ¯ç«çâè´å½ä¸å»â </span></span></font><font face="å®ä½"><span leaf=""><br /></span></font></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âé©±å¨æç»ªè½¬åçï¼ä¸ä»æ¯æ¿ä»·ä¸è·çç»å¯¹å¼ï¼æ´æ¯éèå±æ§ä¸§å¤±åçæµå¨æ§æ¯ç«ãâè¿ä¸å¤æç´å»è¦å®³ââä¸å½æ¿äº§çæ ¸å¿ä»·å¼ä»æ¥ä¸æ¯âå±ä½âï¼èæ¯âæµæ¼å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¢å¼å·¥å·âãå½è¿ä¸¤ä¸ªå±æ§æ¶å¤±ï¼æµå¨æ§ä¾¿ä¼éªå´©ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æµå¨æ§æ¯ç«çä¸éè¡¨ç°ï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">äº¤æå¨ææé¿ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºäºææ¿å¹³åæäº¤å¨æè¾¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">287</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¤©ï¼è¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2020</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">98</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¤©ï¼å»¶é¿</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">193%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼é¨åè¿éæ¿æºçè³âæç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æ äººé®æ´¥âã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">éä»·å¹åº¦å¤±æ§ï¼</span><span textstyle="" style="font-size: 17px;">ä¸ºå¿«éæäº¤ï¼ä¸ä¸»æ®éééä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">15%-20%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼é¨åæ¥å®æ¿æºéä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä»é¾æäº¤ï¼å¦ç§å±±ææ¥¼çï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">120</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ä¹°å¥ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">80</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸æç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ªææ å¨éï¼ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">éèæºææè´·ï¼</span><span textstyle="" style="font-size: 17px;">é¶è¡å¯¹äºææ¿è¯ä¼°ä»·æç»ä¸è°ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´è¯ä¼°ä»·è¾å¸åºä»·æ®éä½</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">10%-15%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼å¯¼è´âé¦ä»åç¸æé«âï¼å¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">100</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸æ¿æºï¼è¯ä¼°ä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">85</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ï¼è´·æ¬¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">70%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">59.5</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ï¼é¦ä»é</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">40.5</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ï¼é¦ä»æ¯ä¾è¾¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">40.5%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æµå¨æ§ææ§çç¤¾ä¼ä¼ å¯¼ï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å½</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âæä¾ä¸æ¯å ä¸ºæ¿åè·èæ¯å ä¸ºæ²¡é±âæä¸ºå±è¯ï¼æ¥¼å¸ç¦èä¾¿ä»âèµäº§ç¼©æ°´âåçº§ä¸ºâçåå±æºâãå å âå¤±ä¸æ°æ®ä¸å¬å¼ââç»æµæ¨¡å¼åæâçç¤¾ä¼æç»ªï¼æ¿äº§ä»âè´¢å¯è±¡å¾âå¼åä¸ºâåºå¡æ·éâï¼æ£å¦è¯è®ºæè¨ï¼âä¸å½ä¸è½åè¥¿æ¹é£æ ·æ®æ°å¸å«äººçè¡ï¼é£å°±åªè½å¸èªå·±çâââè¿ç§å°ä¸ªäººå°å¢å½åäºå®è§ç»æµçå¿æï¼è¿ä¸æ¥æ¾å¤§äºæ²è§é¢æã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¬¬äºç« </span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">éåºæ¥¼å¸å³é®è¯å¾è°±ï¼å¨âå¤§é¥¼âä¸âæ»éå¢âä¹é´ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p style="text-align: right;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ââä»âè§åç¥è¯âå°âç°å®ç¥éâçèè®ºå¯ç  </span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2.1 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å°æ®µ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è§åï¼æææ¿åçâç¥éä¸é¨æ²â</span><span textstyle="" style="font-size: 17px;"> </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âå¤§å¦åââæ¸åââç§å±±âæ¾æ¯éåºæ¥¼å¸çâä¸é©¾é©¬è½¦âï¼æ¿è½½çâä¸è·¯ååââç§å¦åââéåºåè±åâçè§ååäºã</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ï¼è¿äºå³é®è¯çåæ¶µå·²ä»âå¸æâåä¸ºâè¦ç¤ºâï¼å¶ç¥éè¿ç¨å¯åä¸ºä¸é¶æ®µï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">é¶æ®µ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼è§åççæï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2017-2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¤§å¦åï¼</span><span textstyle="" style="font-size: 17px;">ä¾æéåºå¤§å¦ãéåºå»ç§å¤§å¦çé«æ ¡ï¼ä¸»æâæè²</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ç§åâæ¦å¿µï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2020</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æ¿ä»·ä¸åº¦çªç ´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.8</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼è¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2017</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">0.9</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼ç¿»åã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç§æ¯å±±ï¼æ¸åï¼ï¼</span><span textstyle="" style="font-size: 17px;">å®ä½âåå¸æ°ä¸å¿âï¼èéäºèç½ä¼ä¸ï¼å¦è¾è®¯ãé¿éåºåæ»é¨ï¼ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´å·å³°æåä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2.2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼è¢«ç§°ä¸ºâéåºçç¡è°·âã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç§å±±ï¼</span><span textstyle="" style="font-size: 17px;">ååâéåºè¥¿æ©âè§ååäºå·´äº¤éï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2020</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æ¿ä»·ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">0.6</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡é£åè³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼å¸å¼å¤§éä¸»ååéå¤æº¢ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">é¶æ®µ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼è§ååç°å±æºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2022-2023</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼</span><span textstyle="" style="font-size: 17px;"> </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">äº§ä¸ç©ºå¿å</span><span textstyle="" style="font-size: 17px;">ï¼å¤§å¦åç§åä¼ä¸å¥é©»çä¸è¶³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼å¤æ°å°åä»ä¸ºèå°ï¼ç§æ¯å±±äºèç½ä¼ä¸è£åæ½®ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2023</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æå¤§åè£å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼å¯¼è´ä½æ¿éæ±éåã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">äº¤éâç»é¥¼âï¼</span><span textstyle="" style="font-size: 17px;">ç§å±±äºå·´æ¥åå®¢æµéä¸è¶³è®¾è®¡å®¹éç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">40%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼è§åä¸çå°é</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">15</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å·çº¿å»¶æ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ï¼â</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">15</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åéå°ä¸»åâææ³¡å½±ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">é¶æ®µ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼ä»·å¼éä¼°æï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2024-2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">é¿é©éè§é¾å½¢æï¼</span><span textstyle="" style="font-size: 17px;">âä¹°å·´ååå¤§æ¸¡å£ä¼å¥½äºåç¢ãç§å±±ãå¤§å¦åâââå¸åºä»è¿½éâè§åæ½åâè½¬åâç°å®éå¥âãå·´åãå¤§æ¸¡å£çèååºå åä¸æçãå¦åºç¨³å®ï¼æ¿ä»·è·å¹ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">10%-15%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼è¿å°äºè¿éæ°åºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30%-40%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">åºåååå å§ï¼</span><span textstyle="" style="font-size: 17px;">æ¸åæ ¸å¿åºï¼å¦åçµåï¼å äº§ä¸åºç¡æå®ï¼æ¿ä»·è·å¹æ§å¶å¨</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">15%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä»¥åï¼èè¿éæ¿åï¼å¦ç§å±±éæ ï¼è·å¹è¶</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">40%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼é¨åæ¥¼çæ²¦ä¸ºâé¬¼åâã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2.2 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä¾åº</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">åºåï¼âå¤©éæçâçå¿çåè¿«æºå¶ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å°½ç®¡å®æ¹æªå¬å¸</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´äºææ¿æçéï¼ä½âåä¸æâçéä½åæ§½å·²æç¤ºçç¸ï¼åºåååå·²ä»âæ°åâè½¬åä¸ºâå¿çææ§âã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¤©éæççä¸å¤§æ¥æºï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æèµå®¢æå®ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2017-2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æ¶å¥ççæ¿å¢ï¼å æ¯çº¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">25%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼éä¸ç¦»åºï¼å¦æä¸ä»æ°æ®æ¾ç¤ºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æçæ¿æºä¸âéèªä½âå æ¯è¾¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">42%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æä¾æ¿æºå¢å ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºæ³ææ¿æ°éåæ¯å¢é¿</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">87%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼é¨åæ¿æºâä¸ææµæâåç´æ¥éä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">è¿å¥äºæã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ°æ¿æ¤åï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2024</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºæ°æ¿ä¾åºéè¾¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2800</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ã¡ï¼èæäº¤éä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1200</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ã¡ï¼å¼ååä»¥âä»¥ä»·æ¢éâçç¥ï¼å¦æå¤®ä¼æ¥¼çç´é</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">4000</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼è¿ä¸æ¥å²å»äºææ¿å¸åºã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¿çåè¿«çä¼ å¯¼è·¯å¾ï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä¸ªä½ç¦èâç¾¤ä½è§æï¼</span><span textstyle="" style="font-size: 17px;">âæå¸åºä¸ä¸¤å¹´äºä¹æ²¡äººé®è¿âçç»åï¼è®©ä¸ä¸»é·å¥âéä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">-</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æ´æ²¡äººä¹°âçææï¼èæ½å¨ä¹°å®¶åéæ©âçæ´ä½âï¼å½¢æâåæ¹éä»·åå·ï¼ä¹°æ¹æå¸è§æâçæ»å¾ªç¯ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">åºåæ ç¾åï¼</span><span textstyle="" style="font-size: 17px;">âå«å»ç§å±±ï¼é£è¾¹è¿è¦äºçâââè´é¢æ ç¾ä¸æ¦å½¢æï¼ä¼è¿ä¸æ¥åå¼±åºåæµå¨æ§ï¼å¦ç§å±±äºææ¿å¸¦çéè¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2020</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ä¸é</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">76%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¬¬ä¸ç« </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">èè®ºåºä¸çéåºçç¸ï¼ä»·æ ¼ä¸æµå¨æ§çåéå°å¢</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span></p><p style="text-align: right;"><span style="font-family: å®ä½;font-size: 10.5pt;"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ââå°å·æ°æ®èåçâä½æä¹çâ </span></span></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3.1 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä»·æ ¼ä½æï¼ç¾ä¸çº§èµäº§âè¸åâçå¾®è§å®å½ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åä¸¾çä¸ä¸ªæ¡ä¾ï¼æ¯éåºæ¥¼å¸ä»·æ ¼å´©å¡çç¼©å½±ãæä»¬éè¿</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âäºæç»å¯¹å¼ââäºæå¹´éââæ æé£é©âä¸ä¸ªç»´åº¦ï¼è¿åå¶èåçæ®é·ç°å®ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æ¡ä¾åºæ·±åº¦åæï¼</span></span></font></span></p><section style="text-align: center;" nodeleaf=""><img data-src="https://mmbiz.qpic.cn/sz_mmbiz_png/VXjHib6YROwkKM45fSf04sp4mcQlsyDvx4gnF9Paxjb9BVsk6rQ3SO8Gtic8libwegALuA2mF6InT6atOyrnibFLpw/640?wx_fmt=png&from=appmsg" class="rich_pages wxw-img" data-ratio="0.23536439665471923" data-s="300,640" data-type="png" data-w="837" type="block" data-imgfileid="100047988" data-aistatus="1" /></section><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å³é®åç°ï¼åä¸å°äº§é£é©è¿é«äºä½å®ââå¿åé¨é¢å âäººå£æµå¤±</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">çµåå²å»âï¼è·å¹æ®éè¶</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">50%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ä¸æµå¨æ§æ´å·®ï¼ä½å®æäº¤å¨æ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">287</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¤©ï¼åä¸å°äº§è¶</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">500</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¤©ï¼ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä»·æ ¼ä¸è·ç</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âéçº¿æ§ç¹å¾âï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹¶éæææ¿æºåæ¥ä¸è·ï¼èæ¯åç°</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âé¶æ¢¯å¼å´©å¡âï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è¿éæ°æ¿åè·ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2022-2023</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¹´ï¼ï¼</span><span textstyle="" style="font-size: 17px;">ç§å±±ãæ±æ´¥çåºåå ä¾åºè¿å©ï¼çåéä»·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">20%-30%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">äºææ¿è·è·ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2023-2024</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¹´ï¼ï¼</span><span textstyle="" style="font-size: 17px;">æèµå®¢æå®å¯¼è´äºææ¿ä»·æ ¼âè¸©è¸âï¼è·å¹åè¶æ°æ¿ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ ¸å¿åºè¡¥è·ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¹´ï¼ï¼</span><span textstyle="" style="font-size: 17px;">è¿æ¸åãæ¸ä¸æ ¸å¿åºä¹æªè½å¹¸åï¼é¨åå¦åºæ¿ä»·æ ¼ä¸è·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">15%-20%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3.2 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æµå¨æ§çç¸ï¼ä»âäº¤æåæ»âå°âç»æéå¡â </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æµå¨æ§æ¯ç«æ¯æ¯ä»·æ ¼ä¸è·æ´è´å½ç</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âå¸åºççâã</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºæ¥¼å¸çæµå¨æ§å°å¢ï¼ä½ç°å¨âäº¤æåæ»âä¸âç»æåé©âçåéçç¾ä¸ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">äº¤æåæ»çä¸å¤§ä¿¡å·ï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æäº¤è§æ¨¡è°æ©ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1-10</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æéåºäºææ¿æäº¤</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2.1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å¥ï¼è¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´åæï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">4.3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å¥ï¼ä¸é</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">51%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">éä»·æä¸ºâå¥åºå¸âï¼</span><span textstyle="" style="font-size: 17px;">æ°æ®æ¾ç¤ºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æäº¤æ¿æºä¸ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">90%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ç»åè¿è³å°</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æ¬¡éä»·ï¼å¹³åéä»·æ¬¡æ°</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">3.2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æ¬¡ï¼å¹³åæ»éä»·å¹åº¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">18%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3. </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä¸ä»çåå±æºï¼</span><span textstyle="" style="font-size: 17px;">éåºä¸ä»é¨åºæ°éä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">1.2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å®¶ç¼©åè³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">0.5</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å®¶ï¼é¨åä¸ä»æåæäº¤ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">0.3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¸åºç»æç</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âæªæ¥å·²æ¥âï¼</span><span textstyle="" style="font-size: 17px;"> </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å°½ç®¡å½ä¸äºææ¿</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âå°å°âï¼ä½é¿æè¶å¿å·²æ¾âââæ°çåäºææ¿äºäºå¼âå°æå¸¸æï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ ¸å¿åºæ°æ¿æ¯ç«ï¼</span><span textstyle="" style="font-size: 17px;">äºç¯åå¯ä¾å¼ååå°ä¸è¶³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">20%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼æªæ¥æ°æ¿å°åæ±æ´¥ãæ¶ªéµçè¿éè½¬ç§»ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">äºææ¿æâä¸»æµâä½âé¾æµâï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2030</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´äºææ¿å æ¯æè¾¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">55%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ä½å½åæµå¨æ§é®é¢è¥ä¸è§£å³ï¼âä¸»æµâå¯è½æå³çâæ´å¤§çåºåå °å¡æ¹âã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">çç¾æ ¸å¿ï¼</span><span textstyle="" style="font-size: 17px;">æªæ¥éæ±å¨äºææ¿ï¼å½ä¸äº¤æå¨æ°æ¿ï¼æ°æ¿è¶éä»·ï¼äºææ¿è¶é¾å</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ââè¿ç§âå·¦å³æäºæâå°æç»æ°å¹´ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¬¬åç« </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¹´åº¦éåºç¥è¯ï¼ä¸ä¸ªæ®µåï¼ä¸é¨è¡æ³ªå²</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p style="text-align: right;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ââç¾¤ä½æç»ªçâæ¸å¼è¡¨è¾¾âä¸ç¤¾ä¼å¿çè§£æ </span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">4.1 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¥è¯ä¸ï¼ææºèçæ«æ¥æ²æ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âè·³æ¥¼æ¯å¥½äºåï¼åææºåå·§çæ¶åæ£å¤§é±ä¸è·³ï¼å±è¡å³å®èè¢ï¼æè¿äºæ²¡ä¹°çæ¨ä¸å¾è·ç©¿åºä»·â </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¤¾ä¼å¿çè§£è¯»ï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¹¸ç¾ä¹ç¥¸èåçâç¸å¯¹å¥å¤ºæâï¼</span><span textstyle="" style="font-size: 17px;">æªè´æ¿èé¿æè¢«é«æ¿ä»·âå¥å¤ºâè´æ¿æºä¼ï¼å½ææºèäºææ¶ï¼äº§çâè¿å°çæ£ä¹âå¿çã</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">B</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ç«æç¥¨æ¾ç¤ºï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">62%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æ æ¿èæ¯æâæ¿ä»·è·ç©¿åºä»·âï¼åæ ç¤¾ä¼æç»ªçæ·±åº¦æè£ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">å¯¹âçæ¿æåâçåå¬ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2015-2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æ¥¼å¸ççæï¼âçæ¿æ´å¯âåäºå¼åæ®éä¸æ»¡ãè¯è®ºå°âè·³æ¥¼âä¸âææºåå·§âç»å®ï¼å®è´¨æ¯å¯¹âä¸å³èè·âä»·å¼è§çæ¹å¤ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ°æ®ä½è¯ï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºè´æ¿èç»æä¸ï¼âåéâå æ¯ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">45%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åè³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">72%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼âæèµå®¢âå æ¯ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">25%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">éè³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">8%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ââå¸åºæ£å¨âå»ææºåâï¼ä½ä»£ä»·æ¯æ æ°å®¶åºçè´¢å¯è¸åã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">4.2 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¥è¯äºï¼è¢«è¸åçè¡æ±å² </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âä»¥ç¾ä¸ä¸ºåä½çä¸è·ï¼ï¼ï¼é«å³°ä¸è½¦çäººï¼å¤å¹´å·¥ä½ç®æ¯ç½å¿æ´»äº</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">â </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">çå½æèçéåè¡¨è¾¾ï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ¶é´ææ¬ï¼</span><span textstyle="" style="font-size: 17px;">æéåºå¹³åæèª</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">8000</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åè®¡ç®ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸äºæéå·¥ä½</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">3.1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ï¼ä¸åä¸åï¼ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">120</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸äºæéå·¥ä½</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">12.5</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´âââç½å¿æ´»âä¸æ¯å¤¸å¼ ï¼èæ¯å¯¹âæ¶é´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">=</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">éé±âçæ®é·æ¢ç®ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä»£éä¼ éï¼</span><span textstyle="" style="font-size: 17px;">é¨åå®¶åºä¸ºä¹°æ¿æç©ºâåä¸ªé±åâï¼äºæä¸ä»å½±åä¸ä»£äººï¼æ´éæ¯äºç¶æ¯å»èãåå¥³æè²çèµæºï¼å½¢æâè·¨ä»£åºå¡âã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¤¾ä¼å½±åï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">è¿ç§</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âè¡æ±è¸åâæï¼æ£å¨æ¹åå¹´è½»äººçä»·å¼è§ââ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºéå¹´è´æ¿ææ¿è°æ¥æ¾ç¤ºï¼âæç»ä¸ºæ¿è´·çºç²çæ´»âæä¸ºä¸»æµéæ©ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å²ä»¥ä¸è´æ¿èå æ¯ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">38%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">éè³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">19%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">4.3 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¥è¯ä¸ï¼èµåæ¶ä»£çæ¸å¼é»è²å¹½é» </span></span></font></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âä¸è¿è¿ä¹æ²¡å¥ï¼æä¹°</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">cs</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">é¥°åäºäºå ä¸è·æç¸å¦ä¹°æ¿äºäºå åä¸çæ¯å°å·«è§å¤§å·«ï¼</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ¬æ¥é½èººå¹³äºè¿ä¹ä¸äºåå¾å»å¹²æ´»â </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä»£éå·®å¼ä¸ä»·å¼è§£æï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">èæä¸ç°å®çä»·å¼æ¨¡ç³ï¼</span><span textstyle="" style="font-size: 17px;">å¹´è½»äººå°</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">CS</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">èæé¥°åï¼æ¸¸æéå·ï¼ä¸æ¿äº§ï¼å®ä½èµäº§ï¼ç¸æå¹¶è®ºï¼åæ æ°åæ¶ä»£å¯¹âä»·å¼âçéæ°å®ä¹ââå¨ä»ä»¬ç¼ä¸ï¼ä¸¤èé½æ¯âå¯è½å½é¶çæèµåâã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">èªå²å¼çåæºæ§ï¼</span><span textstyle="" style="font-size: 17px;">âèººå¹³âå¹²æ´»âçè½¬æï¼ç¨å¹½é»æ¶è§£çè¦ï¼æ¯éåºäººâæè½çé½¿åè¡åâçæ§æ ¼ä½ç°ãè¿ç§âè¦ä¸ä½ä¹âèåï¼æ¯å¯¹ç°å®æ åæ¹åçæ å¥ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æåæ ¹æºï¼</span></span></font><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;"> </span></span></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">éåºä½ä¸º</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âç å¤´æåâåæºå°ï¼åæ¥æâä¹è§åé§âçåºå ãå½æ¥¼å¸å°å¢æ æ³è§£å³æ¶ï¼é»è²å¹½é»æä¸ºæç»ªåºå£ï¼æ£å¦è¯è®ºåºå¦ä¸æ¡çè¨ï¼âäºäºå°±å½ç»éåº</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">GDP</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åè´¡ç®äºï¼å¥½æ¹åäºå å¹´ç«éâã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç¬¬äºç« </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ»ç»ï¼åå½å±ä½æ¬è´¨ï¼éåºæ¥¼å¸ç</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âç»å±é»è¾â </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p style="text-align: right;"><span style="font-family: å®ä½;font-size: 10.5pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ââä»âèµæ¬æ¸¸æâå°âæ°çåéâçè°é¾è½¬èº« </span></span></font></span><span style="font-family: å®ä½;font-size: 10.5pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">5.1 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç©¿éâèåå®å¨æâï¼ä½æ¿ä»·â ä½é£é© </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âéåºæ¥¼å¸çæ ¸å¿é£é©æ¯æµå¨æ§æ¯ç«ï¼èéç»å¯¹æ¿ä»·âââé¢ è¦äºâä½ä»·å®å¨âçä¼ ç»è®¤ç¥ã</span></span></font></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ°æ®æ¾ç¤ºï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ä½åä»·â ä½æ»ä»·ï¼</span><span textstyle="" style="font-size: 17px;">éåºåå¥ä½å®åä»·ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2017</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">120</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸åè³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">180</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ï¼æ æçï¼è´·æ¬¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æ¶å¥ï¼è¾¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">65%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼è¿è¶å½éå®å¨çº¿ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">30%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æµå¨æ§ä¸ä»·æ ¼çæ¶æ§å¾ªç¯ï¼</span><span textstyle="" style="font-size: 17px;">å½æ¿ä»·ä¸è·</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">15%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼é¨åæ¿æºèµä¸æµåºï¼ä¸ä¸»éæ©âæä¾å¼æ¿âï¼è¿ä¸æ¥å å§åºåååï¼å¯¼è´æ´å¤æ¿æºéä»·ï¼å½¢æâä¸è·âæå®âæ´è·âçèºæã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è¦ç¤ºï¼</span><span textstyle="" style="font-size: 17px;">ä»»ä½èµäº§çé£é©ï¼ä»æ¥ä¸åå³äºä»·æ ¼é«ä½ï¼èåå³äº</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âæ¯å¦è½ä»¥åçä»·æ ¼åç°âãéåºæ¥¼å¸çæè®æ¯ï¼ç¼ºä¹æµå¨æ§çâä½ä»·âï¼æ¯é«æ¿ä»·æ´å±é©ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">5.2 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âç»å±é»è¾âï¼ä»æèµåå°æ¶è´¹åçä»·å¼åå½ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ç¨æ·è¯è®º</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âå«ææ¿åå½æèµåï¼èæ¯è¦å½æ¶è´¹åâï¼éç ´äºæ¥¼å¸çç»æèµ°åãè¿ä¸è½¬åå°éå¡ä¸å¤§è§åï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è§å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼ä»·å¼æ å°ºä»âæ¶¨å¹âåä¸ºâå±ä½ä½éªâ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">äº§ååä¸ºçï¼</span><span textstyle="" style="font-size: 17px;">æ·åè®¾è®¡ï¼å¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">LDK</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸ä½åï¼ãç¤¾åºéå¥ï¼å¦å»èè®¾æ½ï¼ãç©ä¸æå¡ï¼å¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">24</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å°æ¶å®ä¿ï¼å°æä¸ºå®ä»·æ ¸å¿ï¼èéâè§åé¢æâï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è½å°å³ææ§ï¼</span><span textstyle="" style="font-size: 17px;">å¦åæ±½è½¦ï¼æ°æ¿äº¤ä»å³è´¬å¼ï¼è´æ¿èéæ¥åâæ¯å¹´</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">5%-8%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">çææ§çâï¼å½»åºåå«âä¹°æ¿å¿èµâçå¹»æ³ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è§å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼åºåä»·å¼ååâé©¬å¤ªæåºâå å§ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æ ¸å¿åºâæè·âï¼</span><span textstyle="" style="font-size: 17px;">æ¸ä¸ãæ±åçéå¥æçåºåï¼å âä¸å¯å¤å¶çå°æ®µ</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ç¨³å®å±ä½éæ±âï¼æ¿ä»·è·å¹æ§å¶å¨</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">10%-15%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è¿éâå½é¶é£é©âï¼</span><span textstyle="" style="font-size: 17px;">ç¼ºä¹äº§ä¸åäººå£çè¿éæ°åºï¼è¥äººå£æç»æµåºï¼é¨åæ¥¼çå¯è½æ²¦ä¸ºâé¶ä»·å¼èµäº§âï¼å¦æåºå¿æ¥¼ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´åä»·è·è³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">0.3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">/</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ï¼ä½äºå»ºçææ¬ï¼ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è§å</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼æ¿çéå¿ä»âåºæ¿äº¤æâè½¬åâä¿æ°çâ</span><span textstyle="" style="font-size: 17px;"> </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºå·²åºå°âåéæ¿è½¬ä¿éæ¿âæ¿çï¼åè®¸ä¸ä¸»èªæ¿å°é²ç½®æ¿æºè½¬ä¸ºä¿éæ§ç§èµä½æ¿ï¼æ¿åºç»äºç§éè¡¥è´´ââè¿æ å¿çæ¿çä»âæå¸âè½¬åâæ¶ååºå</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¿éä½æ¿âçåéç®æ ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">5.3 </span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">æªæ¥è¶å¿ï¼äººå£åå±ä¸çâæ¢å¸åºâæ¶ä»£ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âäººå£ä¸è·ï¼æ¿ååªä¼è¶æ¥è¶ä¾¿å®ââçè²çè´å¢é¿âââè¿äºå®è§ç°å®å°å®ä¹éåºæ¥¼å¸çæªæ¥åå¹´ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è¶å¿</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">1</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼éæ±æ»éèç¼© </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éåºå¸¸ä½äººå£åºçç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">0.6%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼æ»äº¡ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">0.8%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼èªç¶å¢é¿ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">-0.2%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼äººå£æ»éå¼å§è´å¢é¿ã</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2030</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´éé¾è´æ¿äººå£ï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">25-35</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å²ï¼å°è¾</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2020</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´åå°</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">23%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼éæ±ç«¯é¿ææ¿åã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è¶å¿</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">2</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼ä¾ç»ä¾§âå»åºåâæä¹æ</span><span textstyle="" style="font-size: 17px;"> </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">æå½åæ¶åéåº¦ï¼éåºäºææ¿åºåï¼çº¦</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">25</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ä¸å¥ï¼é</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">5-7</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´æè½å»åå®æ¯ï¼å¼ååå°é¿æé¢ä¸´âä»¥ä»·æ¢éâååã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">è¶å¿</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">3</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ï¼âå°èç¾âæä¸ºæ°ä¸»æµ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">90</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ã¡ä»¥ä¸å°æ·åå æ¯ä»</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2021</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">45%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åè³</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´ç</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">68%</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">ï¼è´æ¿èæ´å¾åâä½æ»ä»·ãä½è´åºâçâå®å¨æ·åâï¼å¤§å¹³å±ãå«å¢çæ¹ååäº§åéæ±éåã  </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">ç»è¯ï¼æ¡¥é½ç</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;font-weight: bold;">âå¥ç¢æ¸¸æâä½æ¶è½å¹ï¼ </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">éåºï¼è¿åº§ä»¥</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">âæ¡¥âé»åçåå¸ï¼æ£ç«å¨æ¥¼å¸çâç«äº¤æ¡¥âä¸ï¼ä¸è¾¹æ¯è¿å»äºåå¹´âåå°è´¢æ¿</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">äººå£çº¢å©âçæ§èµéï¼ä¸è¾¹æ¯âå±ä½æ¬è´¨</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">+</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">åéç«äºâçæ°æ¹åãå½âç«ééæ¿è´·âçè±ªæè¤ªå»ï¼âä¸ç¸ä¿¡ç¼æ³ªâçç°å®é¢åï¼å¯ä¸çåºè·¯æ¯æ¥åâæ¿åæ¯ç¨æ¥ä½çâè¿ä¸ç»å±é»è¾ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><p><span style="mso-spacerun:'yes';font-family:å®ä½;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¯¹äºè´æ¿èï¼</span></span></font><font face="Calibri"><span leaf=""><span textstyle="" style="font-size: 17px;">2025</span></span></font><font face="å®ä½"><span leaf=""><span textstyle="" style="font-size: 17px;">å¹´çå¯ç¤ºæ¯ï¼å«èµè§åï¼å«å æ æï¼åªä¹°âç°å¨è½ä½ãæªæ¥å¥½åâçæ¿åï¼å¯¹äºåå¸ï¼å¦ä½å¨âå»åºåâä¸âä¿æ°çâä¹é´æ¾å°å¹³è¡¡ï¼å°å³å®éåºè½å¦ä»âå¥ç¢æ¸¸æâä¸ç ´å±ï¼çæ£åå½âå®å±ä¹åâçåå¿ã </span></span></font></span><span style="mso-spacerun:'yes';font-family:Calibri;mso-fareast-font-family:å®ä½;mso-bidi-font-family:'Times New Roman';font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></p><section><span leaf=""><br /></span></section><p style="display: none;"><mp-style-type data-value="3"></mp-style-type></p>

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