{"id":378,"date":"2020-05-03T11:42:45","date_gmt":"2020-05-03T03:42:45","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/2020\/05\/03\/%e5%85%ac%e5%8f%b8%e4%bc%b0%e5%80%bc%e6%b3%95%e4%b9%8b%e7%9b%b8%e5%af%b9%e4%bc%b0%e5%80%bc%e6%b3%95_k%e7%ba%bf%e5%9b%be%e7%bb%8f%e5%85%b8%e5%9b%be%e8%a7%a3\/"},"modified":"2020-05-03T11:42:45","modified_gmt":"2020-05-03T03:42:45","slug":"%e5%85%ac%e5%8f%b8%e4%bc%b0%e5%80%bc%e6%b3%95%e4%b9%8b%e7%9b%b8%e5%af%b9%e4%bc%b0%e5%80%bc%e6%b3%95_k%e7%ba%bf%e5%9b%be%e7%bb%8f%e5%85%b8%e5%9b%be%e8%a7%a3","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=378","title":{"rendered":"\u516c\u53f8\u4f30\u503c\u6cd5\u4e4b\u76f8\u5bf9\u4f30\u503c\u6cd5_k\u7ebf\u56fe\u7ecf\u5178\u56fe\u89e3"},"content":{"rendered":"
\n

\u975e\u4e0a\u5e02\u80a1\u4efd\u53ef\u5426\u8f6c\u8ba9<\/p>\n

\u3000\u3000\u300a\u56fd\u52a1\u9662\u529e\u516c\u5385\u5173\u4e8e\u4e25\u5389\u6253\u51fb\u975e\u6cd5
\n\u53d1\u884c<\/u>
\n\u80a1\u7968<\/u>\u548c\u975e\u6cd5\u7ecf\u8425\u8bc1\u5238\u4e1a\u52a1\u6709\u5173\u95ee\u9898\u7684\u901a\u77e5\u300b\u89c4\u5b9a\uff0c\u4e25\u7981\u4efb\u4f55\u516c\u53f8\u80a1\u4e1c\u81ea\u884c\u6216
\n\u59d4\u6258<\/u>\u4ed6\u4eba\u4ee5\u516c\u5f00\u65b9\u5f0f\u5411\u793e\u4f1a\u516c\u4f17\u8f6c\u8ba9\u80a1\u7968\u3002\u6211\u6301\u6709\u975e\u4e0a\u5e02\u80a1\u4efd\u516c\u53f8\u7684\u80a1\u6743\u8981\u8f6c\u8ba9\uff0c\u5c31\u548c\u80a1\u4efd\u516c\u53f8\u53d6\u5f97\u4e86\u8054\u7cfb\u3002\u8be5\u516c\u53f8\u79f0\u53ea\u8981\u6211\u627e\u5230\u4e86\u53d7\u8ba9\u4eba\uff0c\u53cc\u65b9\u7b7e\u4e86\u534f\u8bae\u4e66\uff0c\u5c31\u53ef\u5230\u516c\u53f8\u529e\u7406\u624b\u7eed\u3002\u516c\u53f8\u540c\u610f\u540e\u518d\u5230\u6258\u7ba1\u4e2d\u5fc3\u529e\u7406
\n\u8fc7\u6237<\/u>\u5c31\u5927\u529f\u544a\u6210\u4e86\u3002\u6211\u60f3\u77e5\u9053\uff0c\u8fd9\u4e0e\u524d\u8ff0\u6587\u4ef6\u3001\u6cd5\u5f8b\u76f8\u8fdd\u80cc\u5417\uff1f<\/p>\n<\/blockquote>\n

     <\/p>\n

\u3000\u3000\u516c\u53f8\u4f30\u503c\u6cd5<\/strong>\u6709\u54ea\u4e9b\uff1f\u516c\u53f8\u4f30\u503c\u6cd5\u6709\u591a\u5c11\u79cd\uff1f\u4e0b\u9762\u80a1\u7968<\/u>\u77e5\u8bc6\u7f51\u4e3a\u60a8\u4ecb\u7ecd\u516c\u53f8\u4f30\u503c\u6cd5\u3002<\/p>\n

\u3000\u3000\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u662f\u4e0a\u5e02\u516c\u53f8\u57fa\u672c\u9762\u5206\u6790\u7684\u91cd\u8981\u5229\u5668\uff0c\u5728\u201c\u57fa\u672c\u9762\u51b3\u5b9a\u4ef7\u503c<\/u>\uff0c\u4ef7\u503c\u51b3\u5b9a\u4ef7\u683c\u201d \u57fa\u672c\u903b\u8f91\u4e0b\uff0c\u901a\u8fc7\u6bd4\u8f83\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u5f97\u51fa\u7684\u516c\u53f8\u7406\u8bba<\/u>\u80a1\u7968\u4ef7\u683c\u4e0e\u5e02\u573a\u4ef7\u683c\u7684\u5dee\u5f02\uff0c \u4ece\u800c\u6307\u5bfc\u6295\u8d44\u8005\u5177\u4f53\u6295\u8d44\u884c\u4e3a\u3002<\/p>\n

\u3000\u3000\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u4e3b\u8981\u5206\u4e24\u5927\u7c7b\uff0c\u4e00\u7c7b\u4e3a\u76f8\u5bf9\u4f30\u503c\u6cd5\uff0c\u7279\u70b9\u662f\u4e3b\u8981\u91c7\u7528\u4e58\u6570\u65b9\u6cd5\uff0c\u8f83\u4e3a\u7b80\u4fbf\uff0c\u5982PE\u4f30\u503c\u6cd5\u3001PB\u4f30\u503c\u6cd5\u3001PEG\u4f30\u503c\u6cd5\u3001EV\/EBITDA\u4f30\u503c\u6cd5\u3002\u53e6\u4e00\u7c7b\u4e3a\u7edd\u5bf9\u4f30\u503c\u6cd5\uff0c\u7279\u70b9\u662f\u4e3b\u8981\u91c7\u7528\u6298\u73b0\u65b9\u6cd5\uff0c\u8f83\u4e3a\u590d\u6742\uff0c\u5982\u73b0\u91d1\u6d41\u91cf\u6298\u73b0\u65b9\u6cd5\u3001\u671f\u6743\u5b9a\u4ef7\u65b9\u6cd5\u7b49\u3002<\/p>\n

\u3000\u3000\u76f8\u5bf9\u4f30\u503c\u6cd5\u4e0e\u201c\u4e94\u6735\u91d1\u82b1\u201d<\/p>\n

\u3000\u3000\u76f8\u5bf9\u4f30\u503c\u6cd5\u56e0\u5176\u7b80\u5355\u6613\u61c2\uff0c\u4fbf\u4e8e\u8ba1\u7b97\u800c\u88ab\u5e7f\u6cdb\u4f7f\u7528\u3002\u4f46\u4e8b\u5b9e\u4e0a\u6bcf\u4e00\u79cd\u76f8\u5bf9\u4f30\u503c\u6cd5\u90fd\u6709\u5176\u4e00\u5b9a\u7684\u5e94\u7528\u8303\u56f4\uff0c\u5e76\u4e0d\u662f\u9002\u7528\u4e8e\u6240\u6709\u7c7b\u578b\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u76ee\u524d\uff0c\u591a\u79cd\u76f8\u5bf9\u4f30\u503c\u5b58\u5728\u7740\u88ab\u4e71\u7528\u548c\u88ab\u6ee5\u7528\u4ee5\u53ca\u88ab\u6d45\u8584\u5316\u7684\u60c5\u51b5\uff0c\u4ee5\u4e0b\u5c31\u4ee5\u6700\u4e3a\u5e38\u7528\u7684PE\u6cd5\u4e3a\u4f8b\u8bf4\u660e\u4e00\u4e8c\u3002<\/p>\n

\u3000\u3000\u4e00\u822c\u7684\u7406\u89e3\uff0cP\/E\u503c\u8d8a\u4f4e\uff0c\u516c\u53f8\u8d8a\u6709\u6295\u8d44\u4ef7\u503c\u3002\u56e0\u6b64\u5728P\/E\u503c\u8f83\u4f4e\u65f6\u4ecb\u5165\uff0c\u8f83\u9ad8\u65f6\u629b\u51fa\u662f\u6bd4\u8f83\u7b26\u5408\u6295\u8d44\u903b\u8f91\u7684\u3002\u4f46\u4e8b\u5b9e\u4e0a\uff0c\u7531\u4e8e\u8ba4\u4e3a2004\u5e74\u5e95\u201c\u4e94\u6735\u91d1\u82b1\u201dP\/E\u503c\u8f83\u4f4e\uff0c\u516c\u53f8\u5177\u6709\u6295\u8d44\u4ef7\u503c\u800c\u4ecb\u5165\u7684\u6295\u8d44\u8005\uff0c\u76ee\u524d\u201c\u4e8f\u635f\u7d2f\u7d2f\u201d\u5728\u6240\u96be\u514d\u3002\u76f8\u53cd<\/u>\uff0c\u201c\u53cdP\/E\u201d\u6cd5\u64cd\u4f5c\u7684\u6295\u8d44\u8005\u5e73\u5747\u6536\u76ca\u5374\u9887\u4e30\uff0c\u5373\u57282001\u5e74\u5e95P\/E\u503c\u8f83\u9ad8\u65f6\u4ecb\u5165\u201c\u4e94\u6735\u91d1\u82b1\u201d\u7684\u6295\u8d44\u8005\uff0c\u57282004\u5e74\u5e95P\/E\u503c\u8f83\u4f4e\u524d\u629b\u51fa\u3002\u90a3\u4e48\uff0c\u539f\u56e0\u4f55\u5728\uff1f\u5176\u5b9e\u5f88\u7b80\u5355\uff0c\u539f\u56e0\u5c31\u5728\u4e8ePE\u6cd5\u5e76\u4e0d\u9002\u7528\u4e8e\u201c\u4e94\u6735\u91d1\u82b1\u201d\u4e00\u7c7b\u7684\u5177\u6709\u5f3a\u70c8\u884c\u4e1a\u5468\u671f<\/u>\u6027\u7684\u4e0a\u5e02\u516c\u53f8\u3002<\/p>\n

\u3000\u3000\u53e6\u4e00\u65b9\u9762\uff0c\u5927\u591a\u6570\u6295\u8d44\u8005\u53ea\u662f\u5173\u5fc3PE\u503c\u672c\u8eab\u53d8\u5316\u4ee5\u53ca\u4e0e\u5386\u53f2\u503c\u7684\u6bd4\u8f83\uff0cPE\u4f30\u503c\u6cd5\u7684\u903b\u8f91\u88ab\u4e25\u91cd\u6d45\u8584\u5316\u3002\u903b\u8f91\u4e0a\uff0cPE\u4f30\u503c\u6cd5\u4e0b\uff0c\u7edd\u5bf9\u5408\u7406\u80a1\u4ef7P=EPSP\/E\uff1b\u80a1\u4ef7\u51b3\u5b9a\u4e8eEPS\u4e0e\u5408\u7406P\/E\u503c\u7684\u79ef\u3002\u5728\u5176\u5b83\u6761\u4ef6\u4e0d\u53d8\u4e0b\uff0cEPS\u9884\u4f30\u6210\u957f\u7387\u8d8a\u9ad8\uff0c\u5408\u7406P\/E\u503c\u5c31\u4f1a\u8d8a\u9ad8\uff0c\u7edd\u5bf9\u5408\u7406\u80a1\u4ef7\u5c31\u4f1a\u51fa\u73b0\u4e0a\u6da8\uff1b\u9ad8EPS\u6210\u957f\u80a1\u4eab\u6709\u9ad8\u7684\u5408\u7406P\/E \u4f4e\u6210\u957f\u80a1\u4eab\u6709\u4f4e\u7684\u5408\u7406P\/E\u3002\u56e0\u6b64\uff0c\u5f53EPS\u5b9e\u9645\u6210\u957f\u7387\u4f4e\u4e8e\u9884\u671f\u65f6\uff08\u88ab\u4e58\u6570\u53d8\u5c0f\uff09\uff0c\u5408\u7406P\/E\u503c\u4e0b\u964d\uff08\u4e58\u6570\u53d8\u5c0f\uff09\uff0c\u4e58\u6570\u6548\u5e94\u4e0b\u7684\u53cc\u91cd\u6253\u51fb\u5c0f\uff0c\u80a1\u4ef7\u51fa\u73b0\u91cd\u632b\uff0c\u53cd\u4e4b\u540c\u7406\u3002\u5f53\u516c\u53f8\u5b9e\u9645\u6210\u957f\u7387\u9ad8\u4e8e\u6216\u4f4e\u4e8e\u9884\u671f\u65f6\uff0c\u80a1\u4ef7\u51fa\u73b0\u66b4\u6da8\u6216\u66b4\u8dcc\u65f6\uff0c\u6295\u8d44\u8005\u5f80\u5f80\u4f1a\u5927\u558a\u201c\u6da8\uff08\u8dcc\uff09\u5f97\u8ba9\u4eba\u770b\u4e0d\u61c2\u201d\u6216\u201c\u4e0d\u81f3\u4e8e\u6da8\uff08\u8dcc\uff09\u90a3\u4e48\u591a\u5427\u201d\u3002\u5176\u5b9e\u4e0d\u5947\u602a\uff0cPE\u4f30\u503c\u6cd5\u7684\u4e58\u6570\u6548\u5e94\u5728\u8d77\u4f5c\u7528\u800c\u5df2\u3002<\/p>\n

\u3000\u3000\u66f4\u591a\u516c\u53f8\u4f30\u503c\u6cd5\u77e5\u8bc6\u8bf7\u5173\u6ce8\u80a1\u7968\u77e5\u8bc6\u7f51<\/p>\n

\uff08\u80a1\u7968\u8d44\u6e90\u9986lixiangluntan.com\uff09\u80a1\u7968\u516c\u5f0f\u7f51<\/a><\/p>\n

\n

\u8fd1\u671f\u9000\u5e02\u516c\u53f8\u9700\u6267\u884c\u65b0\u7684\u91cd\u65b0\u4e0a\u5e02\u6761\u4ef6\u5417_\u4e1c\u65b9\u8d22\u5bcc\u7834\u89e3\u7248<\/p>\n

\u3000\u3000\u4e3a\u7a33\u5b9a\u5e02\u573a\u9884\u671f\uff0c\u5bf9\u4e8e\u672c\u6b21\u4fee\u8ba2\u540e\u7684\u300a
\n\u80a1\u7968<\/u>\u4e0a\u5e02\u89c4\u5219\u300b\u53d1\u5e03\u524d\u5df2\u9000\u5e02\u7684\u516c\u53f8\uff0c\u5982\u5728\u65b0\u89c4\u5219\u65bd\u884c\u540e\u768436\u4e2a\u6708\u5185\u7533\u8bf7\u91cd\u65b0\u4e0a\u5e02\u7684\uff0c\u4ecd\u9002\u7528\u6df1\u4ea4\u6240\u300a\u80a1\u7968\u4e0a\u5e02\u89c4\u5219\uff082012\u5e74\u4fee\u8ba2\uff09\u300b\u89c4\u5b9a\u7684\u91cd\u65b0\u4e0a\u5e02\u6761\u4ef6\u3002<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

\u3000\u3000\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u662f\u4e0a\u5e02\u516c\u53f8\u57fa\u672c\u9762\u5206\u6790\u7684\u91cd\u8981\u5229\u5668\uff0c\u5728\u201c\u57fa\u672c\u9762\u51b3\u5b9a
\n\u4ef7\u503c<\/u>\uff0c\u4ef7\u503c\u51b3\u5b9a\u4ef7\u683c\u201d \u57fa\u672c\u903b\u8f91\u4e0b\uff0c\u901a\u8fc7\u6bd4\u8f83\u516c\u53f8\u4f30\u503c\u65b9\u6cd5\u5f97\u51fa\u7684\u516c\u53f8
\n\u7406\u8bba<\/u>\u80a1\u7968\u4ef7\u683c\u4e0e\u5e02\u573a\u4ef7\u683c\u7684\u5dee\u5f02\uff0c \u4ece\u800c\u6307\u5bfc\u6295\u8d44\u8005\u5177\u4f53\u6295\u8d44\u884c\u4e3a\u3002<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[96],"class_list":["post-378","post","type-post","status-publish","format-standard","hentry","category-gfgs","tag-96"],"_links":{"self":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts\/378","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=378"}],"version-history":[{"count":0,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=\/wp\/v2\/posts\/378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lixiangluntan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}