{"id":121860,"date":"2019-12-21T10:36:57","date_gmt":"2019-12-21T02:36:57","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/121860.html"},"modified":"2019-12-21T10:36:57","modified_gmt":"2019-12-21T02:36:57","slug":"%e6%95%a3%e6%88%b7%e5%bf%85%e9%a1%bb%e7%86%9f%e7%9f%a5%e7%9a%8416%e4%b8%aa%e6%95%b0%e5%ad%a6%e5%b8%b8%e8%af%86_k%e7%ba%bf%e5%9b%be%e6%80%8e%e4%b9%88%e7%9c%8b","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=121860","title":{"rendered":"\u6563\u6237\u5fc5\u987b\u719f\u77e5\u768416\u4e2a\u6570\u5b66\u5e38\u8bc6_k\u7ebf\u56fe\u600e\u4e48\u770b"},"content":{"rendered":"<blockquote style=\"font-size:15px;background-color: #F5F5F5;border:none;padding: 5px;margin:15px;line-height: 1.6;text-indent: 2em;\">\n<p style=\"margin-bottom:5px;\">\u79d1\u521b\u677fIPO\u7533\u8bf7\u5168\u6d41\u7a0b<\/p>\n<p>\u79d1\u521b\u677fIPO\u7533\u8bf7\u5168\u6d41\u7a0b<\/p>\n<\/blockquote>\n<p><a href=\"http:\/\/www.lixiangluntan.com\" target=\"_blank\" rel=\"noopener noreferrer\">\u80a1\u7968\u516c\u5f0f\u5927\u5168<\/a><img decoding=\"async\" src=\"http:\/\/wmj.lixiangluntan.com\/2020\/9\/jMZ3e2.png\" class=\"aligncenter\"> <\/p>\n<p>1<br \/> \u6536\u76ca\u7387<\/p>\n<p> \u5982\u679c\u4f60\u6709100\u4e07\uff0c\u8d5a100%\u540e\u8fbe\u5230200\u4e07\uff0c\u5982\u679c\u63a5\u4e0b\u6765\u4e8f50%\uff0c\u5219\u8d44\u4ea7\u56de\u5230100\u4e07\u3002\u4e8f50%\u6bd4\u8d5a100%\u8981\u5bb9\u6613\u5f97\u591a\u3002<\/p>\n<p> 2<br \/> \u6da8\u8dcc\u505c<\/p>\n<p> \u5047\u8bbe\u4f60\u6709100\u4e07\uff0c\u7b2c\u4e00\u5929\u6da8\u505c\u540e\u8d44\u4ea7110\u4e07\uff0c\u7136\u540e\u7b2c\u4e8c\u5929\u8dcc\u505c\uff0c\u5219\u8d44\u4ea7\u5269\u4f5999\u4e07\uff1b\u53cd\u4e4b\u5982\u679c\u7b2c\u4e00\u5929\u8dcc\u505c\uff0c\u7b2c\u4e8c\u5929\u518d\u6da8\u505c\uff0c\u8d44\u4ea7\u8fd8\u662f99\u4e07\u3002<\/p>\n<p> 3<br \/> \u6ce2\u52a8\u6027<\/p>\n<p> \u5982\u679c\u4f60\u6709100\u4e07\uff0c\u7b2c\u4e00\u5e74\u8d5a40%\uff0c\u7b2c\u4e8c\u5e74\u4e8f20%\uff0c\u7b2c\u4e09\u5e74\u8d5a40%\uff0c\u7b2c\u56db\u5e74\u4e8f20%\uff0c\u7b2c\u4e94\u5e74\u8d5a40%\uff0c\u7b2c\u516d\u5e74\u4e8f20%\uff0c\u8d44\u4ea7140.5\u4e07\u5143\uff0c\u516d\u5e74\u5e74\u5316\u6536\u76ca\u7387\u4ec55.83%\uff0c\u751a\u81f3\u6bd4\u4e94\u5e74\u671f\u51ed\u8bc1\u5f0f\u56fd\u503a\u7968\u9762\u5229\u7387\u8fd8\u4f4e\u3002<\/p>\n<p> 4<br \/> \u6bcf\u59291%<\/p>\n<p> \u5982\u679c\u4f60\u6709100\u4e07\uff0c\u6bcf\u5929\u4e0d\u7528\u6da8\u505c\u677f\uff0c\u53ea\u8981\u63231%\u5c31\u79bb\u573a\uff0c\u90a3\u4e48\u4ee5\u6bcf\u5e74250\u4e2a\u4ea4\u6613\u65e5\u8ba1\u7b97\uff0c\u4e00\u5e74\u4e0b\u6765\u4f60\u7684\u8d44\u4ea7\u5c06\u662f1203\u4e07\uff0c\u4e24\u5e74\u540e\u4f60\u5c31\u67091.45\u4ebf\u3002<\/p>\n<p> 5<br \/> \u6bcf\u5e74200%<\/p>\n<p> \u5982\u679c\u4f60\u6709100\u4e07\uff0c\u8fde\u7eed5\u5e74\u6bcf\u5e74200%\u6536\u76ca\u7387\uff0c5\u5e74\u540e\u4f60\u5c06\u67092.43\u4ebf\u5143\uff0c\u4f60\u80fd\u505a\u5230\u5417\uff1f<\/p>\n<p> 6<br \/> 10\u5e7410\u500d<\/p>\n<p> \u5982\u679c\u4f60\u6709100\u4e07\uff0c\u5e0c\u671b\u5341\u5e74\u540e\u7ffb10\u500d\u52301000\u4e07\uff0c\u4e8c\u5341\u5e74\u52301\u4ebf\u5143\uff0c\u4e09\u5341\u5e74\u523010\u4ebf\u5143\uff0c\u90a3\u4e48\u4f60\u53ea\u9700\u8981\u505a\u523025.89%\u7684\u5e74\u5316\u6536\u76ca\u7387\u3002<\/p>\n<p> 7<br \/> \u8865\u4ed3<\/p>\n<p> \u5982\u679c\u4f60\u5728\u67d0\u53ea\u80a1\u796810\u5143\u7684\u65f6\u5019\u4e70\u516510\u4e07\u5143\uff0c\u5982\u4eca\u8dcc\u52305\u5143\u518d\u4e7010\u4e07\u5143\uff0c\u6301\u6709\u6210\u672c\u53ef\u4ee5\u964d\u52306.67\u5143\uff0c\u800c\u4e0d\u662f\u4f60\u60f3\u8c61\u4e2d\u76847.50\u5143\u3002<\/p>\n<p> 8<br \/> \u6301\u6709\u6210\u672c<\/p>\n<p> \u5982\u679c\u4f60\u6709100\u4e07\u5143\uff0c\u6295\u8d44\u67d0\u80a1\u7968\u76c8\u522910%\uff0c\u5f53\u4f60\u505a\u5356\u51fa\u51b3\u5b9a\u7684\u65f6\u5019\u53ef\u4ee5\u8bd5\u7740\u7559\u4e0b10\u4e07\u5143\u5e02\u503c\u7684\u80a1\u7968\uff0c\u4f60\u7684\u6301\u6709\u6210\u672c\u5c06\u964d\u4e3a\u96f6\uff0c\u63a5\u4e0b\u6765\u4f60\u5c31\u53ef\u4ee5\u6beb\u65e0\u538b\u529b\u7684\u957f\u671f\u6301\u6709\u4e86\u3002<\/p>\n<p> \u5982\u679c\u4f60\u6781\u5ea6\u770b\u597d\u516c\u53f8\u7684\u53d1\u5c55\uff0c\u4e5f\u53ef\u4ee5\u7559\u4e0b20\u4e07\u5e02\u503c\u7684\u80a1\u7968\uff0c\u4f60\u4f1a\u53d1\u73b0\u4f60\u7684\u76c8\u5229\u4ece10%\u63d0\u5347\u5230\u4e86100%\uff0c\u4e0d\u8981\u5f97\u610f\uff0c\u56e0\u4e3a\u6b64\u65f6\u80a1\u7968\u5982\u679c\u4e0b\u8dcc\u8d85\u8fc7\u4e8650%\uff0c\u4f60\u8fd8\u662f\u6709\u53ef\u80fd\u4e8f\u635f\u3002<\/p>\n<p> 9<br \/> \u5173\u4e8e\u8d44\u4ea7\u7ec4\u5408<\/p>\n<p> \u6709\u65e0\u98ce\u9669\u8d44\u4ea7A\uff08\u6bcf\u5e745%\uff09\u548c\u98ce\u9669\u8d44\u4ea7B\uff08\u6bcf\u5e74-20%\u81f340%\uff09\uff0c\u5982\u679c\u4f60\u6709100\u4e07\uff0c\u4f60\u53ef\u4ee5\u6295\u8d4480\u4e07\u65e0\u98ce\u9669\u8d44\u4ea7A\u548c20\u4e07\u98ce\u9669\u8d44\u4ea7B\uff0c\u90a3\u4e48\u4f60\u5168\u5e74\u6700\u5dee\u7684\u6536\u76ca\u53ef\u80fd\u5c31\u662f\u96f6\uff0c\u800c\u6700\u4f73\u6536\u76ca\u53ef\u80fd\u662f12%\uff0c\u8fd9\u5c31\u662f\u5e94\u7528\u4e8e\u4fdd\u672c\u57fa\u91d1CPPI\u6280\u672f\u7684\u96cf\u5f62\u3002<\/p>\n<p> 10<br \/> \u5173\u4e8e\u505a\u7a7a<\/p>\n<p> \u5982\u679c\u4f60\u6709100\u4e07\uff0c\u878d\u5238\u505a\u7a7a\u67d0\u80a1\u7968\uff0c\u90a3\u4e48\u4f60\u53ef\u80fd\u53d1\u751f\u7684\u6700\u5927\u6536\u76ca\u7387\u5c31\u662f100%\uff0c\u524d\u63d0\u662f\u4f60\u505a\u7a7a\u7684\u80a1\u7968\u8dcc\u6ca1\u4e86\uff0c\u800c\u505a\u591a\u7684\u6536\u76ca\u7387\u662f\u6ca1\u6709\u4e0a\u9650\u7684\uff0c\u56e0\u6b64\u4e0d\u8981\u6c38\u4e45\u7684\u505a\u7a7a\uff0c\u5982\u679c\u4f60\u4e0d\u76f8\u4fe1\u4eba\u7c7b\u793e\u4f1a\u4f1a\u5411\u524d\u8fdb\u6b65\u3002<\/p>\n<p> 11<br \/> \u8d4c\u573a\u8d62\u5229<\/p>\n<p> 1000\u4e2a\u6fb3\u95e8\u8d4c\u5ba2\u7684\u6570\u636e\uff0c\u80dc\u8d1f\u7684\u6982\u7387\u4e3a53%\u4e0e47%\uff0c\u5176\u4e2d\u8d62\u94b1\u79bb\u573a\u7684\u4eba\u5e73\u5747\u8d62\u522934%\uff0c\u800c\u8f93\u94b1\u79bb\u573a\u7684\u4eba\u5e73\u5747\u4e8f\u635f\u65f672%\u3002<\/p>\n<p> \u8d4c\u573a\u5e76\u4e0d\u9700\u8981\u51fa\u94b1\u6765\u8d62\u5229\uff0c\u4fdd\u8bc1\u516c\u5e73\uff0c\u4f9d\u9760\u4eba\u6027\u7684\u5f31\u70b9\u5c31\u53ef\u4ee5\u6301\u7eed\u8d62\u5229\u3002\u80a1\u5e02\u4ea6\u5982\u6b64\u3002<\/p>\n<p> 12<br \/> \u8d27\u5e01\u7684\u672a\u6765<\/p>\n<p> \u5982\u679c\u4f60\u7ed9\u5b50\u5b59\u5b58\u5165\u94f6\u884c1\u4e07\u5143\uff0c\u5e74\u606f5%\uff0c\u90a3\u4e48200\u5e74\u540e\u5c06\u6eda\u4e3a131.5\u4e07\uff0c\u5982\u679c\u56fd\u5bb6\u7684\u8d27\u5e01\u53d1\u884c\u589e\u901f\u4fdd\u6301\u572810%\u4ee5\u4e0a\uff08\u73b0\u5728\u4e2d\u56fd\u5e7f\u4e49\u8d27\u5e01M2\u4f59\u989d107\u4e07\u4ebf\uff0c\u5e74\u589e\u901f14%\uff09\uff0c100\u5e74\u540e\u4e2d\u56fd\u8d27\u5e01\u603b\u91cf\u5c06\u7a81\u78341,474,525\u4e07\u4ebf\uff0c\u4ee520\u4ebf\u4eba\u53e3\u8ba1\u7b97\uff0c\u4eba\u5747\u5b58\u6b3e\u5c06\u7a81\u78347.37\u4ebf\uff08\u4e0d\u542b\u623f\u5730\u4ea7\u3001\u8bc1\u5238\u3001\u6536\u85cf\u54c1\u53ca\u5404\u7c7b\u8d44\u4ea7\uff09\u3002<\/p>\n<p> \u6240\u4ee5\u6309\u6b64\u901f\u5ea6\u53d1\u884c\u8d27\u5e01\u662f\u4e0d\u53ef\u80fd\u6301\u7eed\u7684\u3002\u8d27\u5e01\u53d1\u884c\u589e\u901f\u5c06\u9010\u6b65\u4e0b\u79fb\u76f4\u81f3\u4f4e\u4e8e2%\uff0c\u5230\u90a3\u65f6\u5019\u4e2d\u56fd\u4eba\u624d\u4f1a\u610f\u8bc6\u5230\u73b0\u5728\u6bcf\u5e7420%\u7684\u6536\u76ca\u7387\u771f\u4e0d\u5bb9\u6613\u554a\u3002<\/p>\n<p> 13<br \/> \u6295\u8d44\u6210\u529f\u7684\u6982\u7387<\/p>\n<p> \u5982\u679c\u4f60\u6295\u8d44\u6210\u529f\u7684\u6982\u7387\u662f60%\uff0c\u8fde\u7eed\u6295\u8d44100\u6b21\uff0c\u5176\u4e2d60\u6b21\u76c8\u5229\uff0c40\u6b21\u4e8f\u635f\u3002\u5982\u679c\u4f60\u628a\u6b62\u76c8\u548c\u6b62\u635f\u90fd\u8bbe\u7f6e\u4e3a10%\u548c-10%\uff0c\u90a3\u4e48\u6700\u7ec8\u7684\u6536\u76ca\u7387\u5c06\u662f350%\uff081.1^60*0.9^40=4.50\uff09<\/p>\n<p> \u662f\u4e0d\u662f\u5f88\u7b80\u5355\uff01\u63a5\u4e0b\u6765\u4f60\u9700\u8981\u601d\u8003\u7684\u662f\u4f60\u600e\u4e48\u80fd\u4fdd\u8bc1\u4f60\u7684\u80dc\u7387\u662f60%\u5462\uff0c\u8fd9\u4e2a\u6210\u529f\u7387\u5bf9\u7edd\u5927\u591a\u6570\u4eba\u6765\u8bf4\u662f\u51e0\u4e4e\u4e0d\u53ef\u80fd\u8fbe\u5230\u7684\u3002<\/p>\n<p> 14<br \/> \u5173\u4e8e\u6b62\u76c8\u6b62\u635f<\/p>\n<p> \u7d22\u7f57\u65af\u8bf4\u8fc7\u4ed6\u4e0d\u5728\u4e4e\u80dc\u8d1f\u7684\u6982\u7387\uff0c\u800c\u671f\u671b\u76c8\u5229\u7684\u65f6\u5019\u6bd4\u4e8f\u635f\u65f6\u5019\u80fd\u591a\u8d5a\u4e00\u4e9b\u3002\u5047\u8bbe\u6211\u4eec\u6bcf\u6b21\u6b62\u76c8\u662f10%\uff0c\u6bcf\u6b21\u6b62\u635f\u662f-5%\uff0c\u90a3\u4e48\u8fde\u7eed\u6295\u8d44100\u6b21\uff0c\u5047\u8bbe\u80dc\u8d1f\u6982\u7387\u662f50%\uff0c\u90a3\u4e48\u610f\u5473\u7740\u4f60\u6700\u7ec8\u7684\u6536\u76ca\u7387\u662f803%\uff081.1^50*0.95^50=9.0326\uff09<\/p>\n<p> \u4f46\u524d\u63d0\u662f\u4f60\u53ef\u4ee5\u575a\u51b3\u7684\u6b62\u635f\u548c\u6b62\u76c8\uff0c\u5176\u6b21\u4f60\u80fd\u4fdd\u8bc150%\u7684\u6982\u7387\u80fd\u5230\u8fbe\u66f4\u591a\u7684\u6b62\u76c8\u673a\u4f1a\u5417\uff1f<\/p>\n<p> 15<br \/> \u5173\u4e8e\u6b63\u6001\u5206\u5e03<\/p>\n<p> \u4e16\u754c\u4e0a\u5f88\u591a\u4e8b\u7269\u90fd\u5448\u73b0\u6b63\u6001\u5206\u5e03\u3002\u6bd4\u5982\u667a\u5546\u3002\u5929\u624d\u548c\u8822\u86cb\u7684\u6bd4\u4f8b\u90fd\u5f88\u5c11\uff0c\u591a\u6570\u662f\u5eb8\u5eb8\u788c\u788c\u7684\u5927\u4f17\u3002\u4e5f\u6bd4\u5982\u793e\u4f1a\u8d22\u5bcc\u7684\u5206\u914d\uff0c\u6781\u5bcc\u548c\u6781\u7a77\u7684\u4eba\u90fd\u5f88\u5c11\u3002\u4eba\u7c7b\u7684\u8eab\u9ad8\u3001\u4f53\u91cd\u7b49\u7b49\u592a\u591a\u7684\u4e8b\u7269\u90fd\u5448\u73b0\u6b63\u6001\u5206\u5e03\u3002<\/p>\n<p> 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