{"id":1624,"date":"2020-06-19T10:42:15","date_gmt":"2020-06-19T02:42:15","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/1624\/"},"modified":"2020-06-19T10:42:15","modified_gmt":"2020-06-19T02:42:15","slug":"%e5%b8%82%e7%9b%88%e7%8e%87%e7%ad%89%e4%bc%b0%e5%80%bc%e6%8c%87%e6%a0%87%e6%98%af%e5%a6%82%e4%bd%95%e8%ae%a1%e7%ae%97%e7%9a%84_%e5%90%8c%e8%8a%b1%e9%a1%bal2%e7%a0%b4%e8%a7%a3","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=1624","title":{"rendered":"\u5e02\u76c8\u7387\u7b49\u4f30\u503c\u6307\u6807\u662f\u5982\u4f55\u8ba1\u7b97\u7684_\u540c\u82b1\u987al2\u7834\u89e3"},"content":{"rendered":"
\n

\u73b0\u91d1\u6d41\u91cf\u8868\u7684\u5feb\u901f\u89e3\u8bfb<\/p>\n

\u3000\u3000\u5728\u73b0\u91d1\u6d41\u91cf\u8868\u4e2d\uff0c\u4f01\u4e1a\u7684\u51c0\u73b0\u91d1\u6d41\u91cf\u662f\u7531\u7ecf\u8425\u73b0\u91d1\u51c0\u6d41\u3001\u6295\u8d44\u73b0\u91d1\u51c0\u6d41\u3001\u878d\u8d44\u73b0\u91d1\u51c0\u6d41\u4e09\u8005\u5408\u8ba1\u7ec4\u6210\u3002\u7531\u4e8e\u73b0\u91d1\u662f\u4f01\u4e1a\u8d56\u4ee5\u751f\u5b58\u7684\u53d1\u5c55\u57fa\u7840\uff0c\u901a\u8fc7\u5bf9\u73b0\u91d1\u6d41\u91cf\u8868\u7684\u5404\u4e2a\u9879\u76ee\u73b0\u91d1\u72b6\u51b5\u7684\u6784\u6210\u5206\u6790\uff0c\u6211\u4eec\u53ef\u4ee5\u5f97\u5230\u5f88\u591a\u5173\u4e8e\u4f01\u4e1a\u7ecf\u8425\u72b6\u51b5\u6709 \u7684\u4fe1\u606f\uff0c\u8fd9\u79cd\u5206\u6790\u5bf9\u6df1\u5165\u4e86\u89e3\u4f01\u4e1a\u7684\u7ecf\u8425\u72b6\u51b5\u5f88\u91cd\u8981 \u628a\u63e1\u5347\u6d6a\u8d77\u70b9 \u3000\u3000\u6211\u4eec\u628a\u4f01\u4e1a\u7684\u73b0\u91d1\u6d41\u5927\u81f4\u5206\u4e3a\u4ee5\u4e0b\u51e0\u79cd\u7c7b\u578b\uff1a\u3000\u30001\u3001\u7ecf\u8425\u73b0\u91d1\u51c0\u6d41\u4e3a\u201c+\u201d\uff0c\u6295\u8d44\u73b0\u91d1\u51c0\u6d41\u4e3a\u201c+\u201d\uff0c\u878d\u8d44\u73b0\u91d1\u51c0\u6d41\u4e3a\u201c+\u201d\u3002\u8fd9\u79cd\u516c\u53f8\u4e3b\u8425\u4e1a\u52a1\u5728\u73b0\u91d1\u6d41\u65b9\u9762\u80fd\u81ea\u7ed9\u81ea\u8db3\uff0c\u6295\u8d44\u65b9\u9762\u6536\u76ca\u72b6\u51b5\u826f\u597d\uff0c\u8fd9\u65f6\u4ecd\u7136\u8fdb\u884c\u878d\u8d44\uff0c\u5982\u679c\u6ca1\u6709\u65b0\u7684\u6295\u8d44\u673a\u4f1a\uff0c\u4f1a\u9020\u6210\u8d44\u91d1\u6d6a\u8d39\u3002<\/p>\n<\/blockquote>\n

     <\/p>\n

\u3000\u3000\u6cb3\u5357\u5f20\u598d\u95ee\uff1a\u5728\u9605\u8bfb\u4e0a\u5e02\u516c\u53f8\u5e74\u62a5\u548c\u5238\u5546\u7814\u7a76\u62a5\u544a\u65f6\uff0c\u7ecf\u5e38\u4f1a\u9047\u5230\u5e02\u76c8\u7387\u3001\u5e02\u51c0\u7387\u3001\u4ee5\u53ca\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\u7b49\uff0c\u90a3\u4e48\uff0c\u8fd9\u4e9b\u662f\u5982\u4f55\u8ba1\u7b97\u7684\uff0c\u5206\u522b\u5177\u6709\u4ec0\u4e48\u610f\u4e49\uff0c\u80fd\u5426\u4e3e\u4f8b\u8bf4\u660e\uff1f\u3000\u3000\u4e1c\u822a\u91d1\u878d\u7814\u7a76\u5458\u674e\u831c\u7b54\uff1a\u5e02\u76c8\u7387\uff08P\/E\uff09\u662f\u4ef7\u683c\u9664\u4ee5\u6bcf\u80a1\u76c8\u5229\u7684\u6bd4\u7387\u3002\u5e02\u76c8\u7387\u53cd\u6620\u4e86\u5728\u6bcf\u80a1\u76c8\u5229\u4e0d\u53d8\u3001\u6d3e\u606f\u7387\u4e3a100%\u3001\u6240\u5f97\u80a1\u606f\u6ca1\u6709\u8fdb\u884c\u518d\u6295\u8d44\u7684\u60c5\u51b5\u4e0b\uff0c\u9700\u8981\u7ecf\u8fc7\u591a\u5c11\u5e74\u624d\u53ef\u4ee5\u901a\u8fc7\u80a1\u606f\u5168\u90e8\u6536\u56de\u6295\u8d44\u3002\u4e00\u822c\u60c5\u51b5\u4e0b\uff0c\u4e00\u53ea\u80a1\u7968\u7684\u5e02\u76c8\u7387\u8d8a\u4f4e\uff0c\u5e02\u4ef7\u76f8\u5bf9\u4e8e\u80a1\u7968\u7684\u76c8\u5229\u80fd\u529b\u5c31\u8d8a\u4f4e\uff0c\u6295\u8d44\u7684\u56de\u6536\u671f\u8d8a\u77ed\uff0c\u6295\u8d44\u4e5f\u5c31\u8d8a\u5c0f\uff0c\u56e0\u800c\u80a1\u7968\u7684\u6295\u8d44\u5c31\u76f8\u5bf9\u8d8a\u5927\u3002<\/p>\n

\u3000\u3000\u4ee5\u4e2d\u6295\u8bc1\u52382009\u5e743\u670818\u65e5\u5bf9\u6c5f\u94c3\u6c7d\u8f66\uff08000550\uff09\u5e74\u62a5\u7684\u70b9\u8bc4\u62a5\u544a\u4e3a\u4f8b\uff0c\u6c5f\u94c3\u6c7d\u8f66\uff08000550\uff0c\u80a1\u5427\uff09\uff08000550\uff092008\u5e74\u6bcf\u80a1\u6536\u76ca\u4e3a0.91\u5143\u3002\u82e5\u4ee53\u670817\u65e512.86\u5143\u7684\u6536\u76d8\u4ef7\u8ba1\u7b97\uff0c\u6c5f\u94c3\u6c7d\u8f662008\u5e74P\/E=12.86\/0.91=14.1\u3002\u5047\u5982\u540c\u884c\u4e1a\u516c\u53f82008P\/E\u7684\u5e73\u5747\u6c34\u5e73\u4e3a18.5\uff0c\u90a3\u4e48\u6c5f\u94c3\u6c7d\u8f66\uff08000550\uff09\u7684\u4ef7\u503c\u88ab\u76f8\u5bf9\u4f4e\u4f30\u3002\u5728\u7814\u7a76\u62a5\u544a\u4e2d\uff0c\u4e2d\u6295\u8bc1\u5238\u9884\u6d4b\u6c5f\u94c3\u6c7d\u8f662009\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\uff08EPS\uff09\u4e3a0.89\u5143\uff0c\u7ed9\u4e88\u6c5f\u94c3\u6c7d\u8f662009\u5e7418\u500d\u7684P\/E\uff0c\u56e0\u6b64\uff0c\u6c5f\u94c3\u6c7d\u8f66\u5bf9\u5e946-12\u4e2a\u6708\u76ee\u6807\u4ef7\u4e3a16\u5143\uff080.89\u00d718=16\u5143\uff09\u3002<\/p>\n

\u3000\u3000\u800c\u5e02\u51c0\u7387\uff08P\/B\uff09=\u80a1\u7968\u5e02\u4ef7\/\u6bcf\u80a1\u51c0\u8d44\u4ea7\u3002\u6bcf\u80a1\u51c0\u8d44\u4ea7\u662f\u80a1\u7968\u7684\u8d26\u9762\u4ef7\u503c\uff0c\u5b83\u662f\u7528\u6210\u672c\u8ba1\u91cf\u7684;\u800c\u80a1\u7968\u5e02\u4ef7\u662f\u8fd9\u4e9b\u8d44\u4ea7\u7684\u5f53\u524d\u4ef7\u503c\uff0c\u5b83\u662f\u8bc1\u5238\u5e02\u573a\u4e0a\u4ea4\u6613\u7684\u7ed3\u679c\uff0c\u4e00\u822c\u6765\u8bf4\uff0cP\/B\u8d8a\u4f4e\u98ce\u9669\u8d8a\u4f4e\uff0c\u8d8a\u5177\u6709\u5b89\u5168\u8fb9\u9645;\u5e02\u51c0\u7387\u8f83\u4f4e\u7684\u80a1\u7968\uff0c\u4f30\u503c\u76f8\u5bf9\u8f83\u4f4e\uff0c\u6295\u8d44\u4ef7\u503c\u8f83\u9ad8\u3002\u540c\u6837\u4ee5\u6c5f\u94c3\u6c7d\u8f66\u4e3a\u4f8b\uff0c2008\u5e74\uff0c\u6c5f\u94c3\u6c7d\u8f66\uff08000550\uff09\u6bcf\u80a1\u51c0\u8d44\u4ea7\u4e3a4.69\u5143\uff0c\u82e5\u4ee5\u62a5\u544a\u65f6\u70b9\u7684\u5f53\u524d\u80a1\u4ef7\u8ba1\u7b97\uff0c\u516c\u53f8\u7684P\/B\u4e3a2.74\uff0812.86\/4.69=2.74\uff09\u3002<\/p>\n

\u3000\u3000\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\uff08ROE\uff09\u662f\u516c\u53f8\u7a0e\u540e\u5229\u6da6\u9664\u4ee5\u51c0\u8d44\u4ea7\u5f97\u5230\u7684\u767e\u5206\u6bd4\u7387\uff0c\u7528\u4ee5\u8861\u91cf\u516c\u53f8\u8fd0\u7528\u81ea\u6709\u8d44\u672c\u7684\u6548\u7387\uff0c\u5b83\u662f\u4f5c\u4e3a\u5224\u65ad\u4e0a\u5e02\u516c\u53f8\u76c8\u5229\u80fd\u529b\u7684\u4e00\u9879\u91cd\u8981\u6307\u6807\u3002\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\u6709\u5168\u9762\u644a\u8584\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\u548c\u52a0\u6743\u5e73\u5747\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\u3002<\/p>\n

\u3000\u3000\u5168\u9762\u644a\u8584\u51c0\u8d44\u4ea7\u6536\u76ca\u7387=\u62a5\u544a\u671f\u51c0\u5229\u6da6\/\u671f\u672b\u51c0\u8d44\u4ea7\uff0c\u5f3a\u8c03\u5e74\u672b\u72b6\u51b5\uff0c\u662f\u4e00\u4e2a\u9759\u6001\u6307\u6807\uff0c\u8bf4\u660e\u671f\u672b\u5355\u4f4d\u51c0\u8d44\u4ea7\u5bf9\u7ecf\u8425\u51c0\u5229\u6da6\u7684\u5206\u4eab\u3002\u52a0\u6743\u5e73\u5747\u51c0\u8d44\u4ea7\u6536\u76ca\u7387=\u62a5\u544a\u671f\u51c0\u5229\u6da6\/\u5e73\u5747\u51c0\u8d44\u4ea7\uff0c\u5f3a\u8c03\u7ecf\u8425\u671f\u95f4\u51c0\u8d44\u4ea7\u8d5a\u53d6\u5229\u6da6\u7684\u7ed3\u679c\uff0c\u662f\u4e00\u4e2a\u52a8\u6001\u7684\u6307\u6807\uff0c\u53cd\u5e94\u7684\u662f\u4f01\u4e1a\u7684\u51c0\u8d44\u4ea7\u521b\u9020\u5229\u6da6\u7684\u80fd\u529b\u3002\u4e00\u822c\u6765\u8bf4\uff0c\u4f01\u4e1a\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\u8d8a\u9ad8\uff0c\u4f01\u4e1a\u81ea\u6709\u8d44\u672c\u83b7\u53d6\u6536\u76ca\u7684\u80fd\u529b\u8d8a\u5f3a\uff0c\u8fd0\u8425\u6548\u679c\u8d8a\u597d\uff0c\u5bf9\u4f01\u4e1a\u6295\u8d44\u4eba\u3001\u503a\u52a1\u4eba\u7684\u4fdd\u8bc1\u7a0b\u5ea6\u8d8a\u9ad8\u3002<\/p>\n

\u3000\u3000\u540c\u6837\u4ee5\u6c5f\u94c3\u6c7d\u8f66\u4e3a\u4f8b\uff0c\u516c\u53f82008\u5e74\u51c0\u5229\u6da6\u4e3a784\uff0c315\uff0c080\u5143\uff0c2008\u5e74\u672b\u51c0\u8d44\u4ea7\u4e3a4\uff0c050\uff0c381\uff0c646\u5143\uff0c\u56e0\u6b64\u516c\u53f82008\u5e74\u5168\u9762\u644a\u8584\u51c0\u8d44\u4ea7\u6536\u76ca\u7387=784\uff0c315\uff0c080\/4\uff0c050\uff0c381\uff0c646=19.36%\u3002\u516c\u53f82008\u5e74\u521d\u51c0\u8d44\u4ea7\u4e3a3\uff0c526\uff0c990\uff0c153\u5143\uff0c\u90a3\u4e48\u516c\u53f82008\u5e74\u52a0\u6743\u5e73\u5747\u51c0\u8d44\u4ea7\u6536\u76ca\u7387=784\uff0c315\uff0c080\/\uff3b\uff084\uff0c050\uff0c381\uff0c646+3\uff0c526\uff0c990\uff0c153\uff09\/2\uff3d=20.7%\u3002<\/p>\n

\uff08\u80a1\u7968\u8d44\u6e90\u9986lixiangluntan.com\uff09<\/p>\n

\n

\u3010\u80a1\u7968\u8d44\u6e90\u9986\u3011\u901a\u8fbe\u4fe1,\u5927\u667a\u6167,\u540c\u82b1\u987a,\u98de\u72d0,\u80a1\u7968\u6307\u6807\u516c\u5f0f,\u80a1\u7968\u516c\u5f0f\u5927\u5168,\u9053\u8fea\u62d3\u91d1,K\u7ebf\u56fe,k\u7ebf\u56fe\u7ecf\u5178\u56fe\u89e3,k\u7ebf\u56fe\u600e\u4e48\u770b,k\u7ebf\u56fe\u5206\u6790,\u80a1\u7968k\u7ebf\u56fe,\u5927\u667a\u6167\u7b56\u7565\u7834\u89e3\u7248\u3002\/p><\/p><\/blockquote>\n

\n

3\u62db\u53d1\u73b0\u534a\u5e74\u62a5\u6700\u5927\u4ef7\u503c<\/p>\n

\u3000\u3000\u4e0a\u5e02\u516c\u53f8\u5e74\u5ea6\u62a5\u544a\u662f\u7efc\u5408\u53cd\u6620\u5e74\u5ea6\u5185\u7ecf\u8425\u4e1a\u7ee9\u4e0e\u8d22\u52a1\u72b6\u51b5\u7684\u91cd\u8981\u62a5\u544a\uff0c\u662f\u6295\u8d44\u8005\u636e\u4ee5\u5224\u65ad\u8bc1\u5238\u4ef7\u683c\u53d8\u52a8 \u7684\u4e3b\u8981\u4f9d\u636e\u3002\u5e74\u5ea6\u62a5\u544a\u6b63\u6587\u5305\u62ec\uff1a\u516c\u53f8\u7b80\u4ecb\u3001\u4f1a\u8ba1\u6570\u636e\u548c\u4e1a\u52a1\u6570\u636e\u6458\u8981\u3001\u80a1\u672c\u53d8\u52a8\u53ca\u80a1\u4e1c\u60c5\u51b5\u3001\u80a1\u4e1c\u5927\u4f1a\u7b80\u4ecb\u3001\u8463\u4e8b\u4f1a\u62a5\u544a\u3001\u76d1\u4e8b\u4f1a\u62a5\u544a\u3001\u4e1a\u52a1\u62a5\u544a\u6458\u8981\u3001\u91cd\u5927\u4e8b\u9879\u3001\u8d22\u52a1\u62a5\u544a\u3001\u516c\u53f8\u7684\u5176\u4ed6\u6709\u5173\u8d44\u6599\u3002\ufffd\ufffd<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

\u3000\u3000\u6cb3\u5357\u5f20\u598d\u95ee\uff1a\u5728\u9605\u8bfb\u4e0a\u5e02\u516c\u53f8\u5e74\u62a5\u548c\u5238\u5546\u7814\u7a76\u62a5\u544a\u65f6\uff0c\u7ecf\u5e38\u4f1a\u9047\u5230\u5e02\u76c8\u7387\u3001\u5e02\u51c0\u7387\u3001\u4ee5\u53ca\u51c0\u8d44\u4ea7\u6536\u76ca\u7387\u7b49\uff0c\u90a3\u4e48\uff0c\u8fd9\u4e9b \u662f\u5982\u4f55\u8ba1\u7b97\u7684\uff0c\u5206\u522b\u5177\u6709\u4ec0\u4e48\u610f\u4e49\uff0c\u80fd\u5426\u4e3e\u4f8b\u8bf4\u660e\uff1f\u3000\u3000\u4e1c\u822a\u91d1\u878d\u7814\u7a76\u5458\u674e\u831c\u7b54\uff1a\u5e02\u76c8\u7387\uff08P\/E\uff09\u662f \u4ef7\u683c\u9664\u4ee5\u6bcf\u80a1\u76c8\u5229\u7684\u6bd4\u7387\u3002\u5e02\u76c8\u7387\u53cd\u6620\u4e86\u5728\u6bcf\u80a1\u76c8\u5229\u4e0d\u53d8\u3001\u6d3e\u606f\u7387\u4e3a100%\u3001\u6240\u5f97\u80a1\u606f\u6ca1\u6709\u8fdb\u884c\u518d\u6295\u8d44\u7684\u60c5\u51b5\u4e0b\uff0c\u9700\u8981\u7ecf\u8fc7\u591a\u5c11\u5e74\u624d\u53ef\u4ee5\u901a\u8fc7\u80a1\u606f\u5168\u90e8\u6536\u56de\u6295\u8d44\u3002\u4e00\u822c\u60c5\u51b5\u4e0b\uff0c\u4e00\u53ea\u80a1\u7968\u7684\u5e02\u76c8\u7387\u8d8a\u4f4e\uff0c\u5e02\u4ef7\u76f8\u5bf9\u4e8e\u80a1\u7968\u7684\u76c8\u5229\u80fd\u529b\u5c31\u8d8a\u4f4e\uff0c\u6295\u8d44\u7684\u56de\u6536\u671f\u8d8a\u77ed\uff0c\u6295\u8d44 \u4e5f\u5c31\u8d8a\u5c0f\uff0c\u56e0\u800c\u80a1\u7968\u7684\u6295\u8d44 \u5c31\u76f8\u5bf9\u8d8a\u5927\u3002<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[114],"class_list":["post-1624","post","type-post","status-publish","format-standard","hentry","category-cw","tag-114"],"_links":{"self":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts\/1624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1624"}],"version-history":[{"count":0,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts\/1624\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}