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\u5e7f\u544a\u8bcd\u867d\u7c97\u66b4\uff0c\u4f46\u65e0\u7591\u89c1\u8bc1\u4e86\u9999\u98d8\u98d8\u4e00\u8def\u9ad8\u6b4c\u7684\u8f89\u714c\u6218\u7ee9\uff0c\u800c\u8fd9\u4e5f\u4e0e\u9999\u98d8\u98d8\u4ece\u59cb\u81f3\u7ec8\u90fd\u72ec\u6811\u4e00\u5e1c\u7684\u8425\u9500\u98ce\u683c\u7d27\u5bc6\u76f8\u5173\u3002<\/strong><\/p>\n

2004\u5e74\uff0c\u8001\u987d\u7ae5\u98df\u54c1\u6709\u9650\u516c\u53f8\uff08\u9999\u98d8\u98d8\u524d\u8eab\uff09\u56e0\u4e3b\u6253\u4ea7\u54c1\u68d2\u68d2\u51b0\u662f\u5178\u578b\u7684\u6de1\u65fa\u5b63\u4ea7\u54c1\uff0c\u4e00\u5230\u51ac\u5929\u9500\u91cf\u4fbf\u6025\u901f\u4e0b\u6ed1\uff0c\u4ece\u800c\u9677\u5165\u7ecf\u8425\u56f0\u5883\u3002\u5f7c\u65f6\uff0c\u5982\u4f55\u4e3a\u516c\u53f8\u5bfb\u627e\u4e00\u4e2a\u5207\u5165\u65b0\u9886\u57df\u7684\u7a81\u7834\u53e3\uff0c\u6210\u4e3a\u4e86\u8001\u677f\u848b\u5efa\u742a\u7684\u7b2c\u4e00\u8981\u4e8b\u3002<\/p>\n

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2005\u5e748\u6708\uff0c\u7ecf\u8fc7\u4e00\u756a\u7cbe\u5fc3\u7684\u51c6\u5907\uff0c\u848b\u5efa\u742a\u6b63\u5f0f\u6210\u7acb\u4e86\u9999\u98d8\u98d8\u3002\u968f\u540e3\u4e2a\u6708\u5185\uff0c\u201c\u9999\u98d8\u98d8\u201d\u7684\u9500\u552e\u989d\u5c31\u8fbe\u5230\u4e86300\u4e07\uff0c\u4e00\u591c\u4e4b\u95f4\u626d\u4e8f\u4e3a\u76c8\u3002\u800c\u8fd9300\u4e07\uff0c\u5bf9\u81ea\u6e05\u671d\u5c31\u6709\u7ecf\u5546\u4f20\u7edf\u7684\u6e56\u5dde\u5357\u6d54\u5546\u4eba\u848b\u5efa\u742a\u6765\u8bf4\uff0c\u624d\u53ea\u662f\u521a\u521a\u5f00\u59cb\u3002<\/p>\n

2006\u5e74\uff0c\u9999\u98d8\u98d8\u4f5c\u4e3a\u5976\u8336\u884c\u4e1a\u7b2c\u4e00\u4e2a\u5403\u201c\u5e7f\u544a\u8783\u87f9\u201d\u7684\u4eba\uff0c\u4e0d\u60dc\u8017\u8d443000\u4e07\u91cd\u91d1\uff0c\u7528\u4e8e\u5e7f\u544a\u8d39\u7528\u7838\u5411\u6e56\u5357\u536b\u89c6\u67d0\u4e00\u6536\u89c6\u9ad8\u5cf0\u65f6\u6bb5\u3002\u8fd9\u4e00\u884c\u4e3a\u53d7\u5230\u4e86\u5f53\u65f6\u5927\u591a\u6570\u884c\u4e1a\u4eba\u58eb\u7684\u4e0d\u7406\u89e3\uff0c\u201c\u9999\u98d8\u98d8\u4f5c\u4e3a\u4e00\u4e2a\u65b0\u54c1\u624d\u521a\u521a\u8fdb\u9a7b\u5e02\u573a\uff0c\u5c31\u8fde\u8d85\u5e02\u7684\u5730\u63a8\u90fd\u6ca1\u6709\u94fa\u5b8c\uff0c\u4e3a\u4ec0\u4e48\u5c31\u6025\u5306\u5306\u5f00\u59cb\u6253\u5e7f\u544a\uff1f\u201d<\/p>\n

\u800c\u848b\u5efa\u742a\u7684\u60f3\u6cd5\u662f\uff0c\u201c\u5ba3\u4f20\u4e00\u5b9a\u8981\u8fc5\u901f\u8ddf\u8fdb\uff0c\u7279\u522b\u662f\u6bd4\u8f83\u5bb9\u6613\u6a21\u4eff\u7684\u4ea7\u54c1\uff0c\u4e00\u5b9a\u8981\u62a2\u5148\u8fdb\u5165\u6d88\u8d39\u8005\u7684\u5934\u8111\u91cc\u9762\u53bb\uff0c\u5373\u4f7f\u4f60\u7684\u4ea7\u54c1\u8fd8\u6ca1\u6709\u94fa\u5230\u5168\u56fd\u5e02\u573a\u3002\u8fd9\u65b9\u9762\u7684\u94b1\u4e00\u5b9a\u8981\u82b1\u3002\u201d\u5f7c\u65f6\u9999\u98d8\u98d8\u8d44\u91d1\u5b9e\u529b\u5c1a\u4e0d\u96c4\u539a\uff0c\u4e0e\u5176\u6f2b\u5929\u6492\u7f51\u53bb\u5730\u7ea7\u5e02\u6295\u653e\u5e7f\u544a\uff0c\u4e0d\u5982\u63e1\u7d27\u62f3\u5934\u594b\u529b\u4e00\u51fb\u3002<\/p>\n

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\u4f46\u7ed3\u679c\u51fa\u4e4e\u610f\u6599\uff0c\u9999\u98d8\u98d8\u5728\u8fd9\u573a\u5976\u8336\u5927\u6218\u4e2d\u80dc\u5229\uff0c\u800c\u4f18\u4e50\u7f8e\u5374\u4e00\u8e76\u4e0d\u632f\u3002<\/p>\n

\u800c\u5982\u679c\u4ece\u5e7f\u544a\u8425\u9500\u89d2\u5ea6\u6765\u89e3\u91ca\u7684\u8bdd\uff0c\u201c\u4f60\u662f\u6211\u7684\u4f18\u4e50\u7f8e\u554a\u201d\u660e\u663e\u6ca1\u6709\u201c\u9500\u91cf\u7ed5\u5730\u7403XX\u5708\u201d\u5b9a\u4f4d\u66f4\u52a0\u76f4\u89c2\uff0c\u4e5f\u5c31\u65e0\u6cd5\u5f15\u8d77\u6d88\u8d39\u8005\u8d2d\u4e70\u7684\u4ece\u4f17\u6548\u5e94\u3002<\/p>\n

\u201c\u5e7f\u544a\u5ba3\u4f20\u7684\u91cd\u8981\u76ee\u7684\uff0c\u662f\u8ba9\u6f5c\u5728\u7528\u6237\u660e\u786e\u77e5\u9053\u4f60\u60f3\u586b\u8865\u4ec0\u4e48\u4f4d\u7f6e\uff0c\u800c\u4e0d\u662f\u5ba3\u4f20\u8be5\u4ea7\u54c1\u5230\u5e95\u6709\u4ec0\u4e48\u597d\u5904\u3002\u201d<\/strong><\/p>\n

\u6700\u7ec8\uff0c\u51ed\u501f\u51fa\u8272\u7684\u5e7f\u544a\u8425\u9500\u624b\u6bb5\uff0c\u9999\u98d8\u98d8\u7684\u676f\u88c5\u5976\u8336\u884c\u4e1a\u8001\u5927\u4f4d\u7f6e\u53ef\u7b97\u662f\u5750\u7a33\u7a33\u5f53\u5f53\u3002\u4f46\u5403\u5230\u8425\u9500\u751c\u5934\u7684\u9999\u98d8\u98d8\uff0c\u4f3c\u4e4e\u5728\u8425\u9500\u4e0e\u4ea7\u54c1\u4e4b\u95f4\u5f00\u59cb\u672c\u672b\u5012\u7f6e\u8d77\u6765\u3002<\/p>\n<\/section>\n<\/section>\n<\/section>\n

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\u8d25\u4e5f\u8425\u9500<\/p>\n<\/blockquote>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n

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\u81ea2011\u5e74\u4ee5\u6765\uff0c\u9999\u98d8\u98d8\u5c31\u542f\u52a8\u4e86IPO\u8ba1\u5212\uff0c\u60f3\u6210\u4e3a\u201c\u56fd\u5185\u5976\u8336\u4f9b\u5e94\u5546\u7b2c\u4e00\u5bb6\u4e0a\u5e02\u516c\u53f8\u201d\uff0c\u4f46\u4e00\u76f4\u59cb\u7ec8\u65e0\u679c\u3002\u800c\u9999\u98d8\u98d8\u6b64\u524d\u5728\u62db\u80a1\u8bf4\u660e\u4e66\u4e2d\u516c\u5e03\u7684\u6570\u636e\u663e\u793a\uff1a2014-2016\u5e74\u9999\u98d8\u98d8\u5b9e\u73b0\u8425\u4e1a\u6536\u5165\u5206\u522b\u7ea6\u4e3a20.93\u4ebf\u5143\u300119.52\u4ebf\u5143\u548c23.9\u4ebf\u5143\uff0c\u51c0\u5229\u6da6\u4e3a1.85\u4ebf\u5143\u30012.04\u4ebf\u5143\u548c2.66\u4ebf\u5143\u3002\u4f46\u662f\u8fd9\u4e09\u5e74\u95f4\uff0c\u9999\u98d8\u98d8\u5e7f\u544a\u8d39\u5206\u522b\u7ea6\u4e3a3.33\u4ebf\u5143\u30012.53\u4ebf\u5143\u548c3.59\u4ebf\u5143\uff0c\u5408\u8ba1\u91d1\u989d\u7ea69.45\u4ebf\u5143\u3002<\/p>\n<\/section>\n<\/section>\n<\/section>\n
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\u800c\u4e0e\u5e7f\u544a\u8d39\u7684\u5927\u624b\u7b14\u4e0d\u540c\uff0c\u9999\u98d8\u98d8\u5728\u4ea7\u54c1\u7814\u53d1\u4e0a\u582a\u79f0\u201c\u541d\u556c\u201d\u3002\u6839\u636e\u8d44\u6599\uff0c2012\u5e74\u81f32017\u5e74\uff0c\u9999\u98d8\u98d8\u7684\u7814\u53d1\u8d39\u7528\u5206\u522b\u4e3a164\u4e07\u5143\u3001388\u4e07\u5143\u30011477\u4e07\u5143\u3001559\u4e07\u5143\u3001639\u4e07\u5143\u30011390\u4e07\u5143\uff0c\u5206\u522b\u5360\u8425\u6536\u6bd4\u4f8b0.09%\u30010.18%\u30010.71%\u30010.29%\u30010.27%\u30010.53%\uff0c\u5747\u4e0d\u8d85\u8fc71%\u3002\u800c2018\u5e74\u672c\u671f\u7684\u7814\u53d1\u8d39\u7528\u4ec5\u4e3a368.3\u4e07\u5143\uff0c\u4e0e\u53bb\u5e74\u540c\u671f\u76f8\u6bd4\u4e0b\u964d34.9%\u3002<\/p>\n

\u4e0e\u6b64\u540c\u65f6\uff0c\u9999\u98d8\u98d8\u5219\u5728\u5404\u5927\u5a31\u4e50\u8282\u76ee\u7684\u8d5e\u52a9\u4e2d\u5c61\u5c61\u62d4\u5f97\u5934\u7b79\uff0c\u4f8b\u5982\u6d59\u6c5f\u536b\u89c6\u7684\u300a\u6211\u7231\u8bb0\u6b4c\u8bcd\u300b\u3001\u300a\u5367\u5e95\u8d85\u6a21\u300b\u7b49\u3002\u800c\u4e3a\u4e86\u589e\u52a0\u7528\u6237\u7c98\u5ea6\uff0c\u9999\u98d8\u98d8\u4ece2012\u5e74\u524d\u540e\u5c31\u5f00\u59cb\u505a\u5404\u79cd\u7efc\u827a\u51a0\u540d\u548c\u5f71\u89c6\u690d\u5165\u3002<\/p>\n<\/section>\n<\/section>\n<\/section>\n

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\u5bf9\u4e8e\u9999\u98d8\u98d8\u800c\u8a00\uff0c\u5de8\u989d\u7684\u5e7f\u544a\u8d39\u7528\u81ea\u7136\u4e5f\u4e0d\u4f1a\u8f7b\u6613\u5c31\u8fd9\u4e48\u6325\u970d\u51fa\u53bb\u6253\u4e86\u6c34\u6f02\u3002<\/p>\n

\u4ece2014\u52302106\u5e74\u95f4\uff0c\u8fd110\u4ebf\u5929\u4ef7\u5e7f\u544a\u8d39\u80cc\u540e\u6362\u6765\u7684\u5c31\u662f\u9999\u98d8\u98d8\u7ed3\u7ed3\u5b9e\u5b9e\u7684\u5e02\u573a\u4efd\u989d\u3002\u6839\u7edd\u516c\u5f00\u6570\u636e\u8868\u660e\uff0c\u9999\u98d8\u98d82014\u5e74\u5e02\u573a\u4efd\u989d\u4e3a57%\uff0c2016\u5e74\u5e02\u573a\u4efd\u989d\u7ef4\u6301\u572859.5%\u3002\u4ece\u8fd9\u4e00\u89d2\u5ea6\u6765\u770b\uff0c\u5e7f\u544a\u8d39\u4e4b\u4e8e\u9999\u98d8\u98d8\u4e5f\u7b97\u662f\u6709\u529f\u4e4b\u81e3\uff0c\u4f46\u5929\u4ef7\u5e7f\u544a\u8d39\u4f5c\u4e3a\u4e00\u628a\u53cc\u5203\u5251\uff0c\u540c\u65f6\u4e5f\u5728\u4e00\u6b65\u6b65\u7a00\u91ca\u9999\u98d8\u98d8\u8fd9\u5bb6\u4e0a\u5e02\u516c\u53f8\u7684\u5229\u6da6\uff1a\u201c2018\u5e74\u4e0a\u534a\u5e74\uff0c\u9999\u98d8\u98d8\u7684\u534a\u5e74\u5ea6\u8425\u4e1a\u6536\u5165\u4e3a8.70\u4ebf\uff0c\u540c\u671f\u51c0\u5229\u6da6\u4e3a-0.55\u4ebf\uff08\u534a\u5e74\u5ea6\uff09\uff1b\u7ecf\u8425\u73b0\u91d1\u6d41\u4e3a-4.64\u4ebf\uff08\u534a\u5e74\u5ea6\uff09\u3002\u201d<\/p>\n

\u81f3\u6b64\uff0c\u9999\u98d8\u98d8\u8fd9\u4f4d\u884c\u4e1a\u8001\u5927\u54e5\u7684\u5f31\u70b9\u5728\u516c\u4f17\u773c\u4e2d\u4e00\u89c8\u65e0\u4f59\u3002<\/p>\n

\u60f3\u5f53\u521d\uff0c\u51ed\u501f\u5e73\u5730\u4e00\u58f0\u96f7\u7684\u5e7f\u544a\u8425\u9500\u8e7f\u7ea2\u5976\u8336\u884c\u4e1a\u7684\u9999\u98d8\u98d8\uff0c\u5728\u4eba\u53e3\u7ea2\u5229\u9010\u6e10\u6d88\u5931\u3001\u5b9e\u4f53\u7ecf\u6d4e\u65e5\u6e10\u75b2\u8f6f\u7684\u73b0\u5982\u4eca\uff0c\u5374\u4f9d\u65e7\u8bd5\u56fe\u9760\u7740\u5e7f\u544a\u8425\u9500\u6765\u8fdb\u884c\u987e\u5ba2\u4e0b\u6c89\u3002\u90a3\u5c31\u6ce8\u5b9a\u662f\uff0c\u6210\u4e5f\u8425\u9500\uff0c\u8d25\u4e5f\u8425\u9500\u3002<\/p>\n<\/section>\n<\/section>\n<\/section>\n

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\u773c\u770b\u7740\u676f\u88c5\u51b2\u6ce1\u5976\u8336\u9010\u6e10\u5931\u53bb\u5e02\u573a\uff0c\u4ee5\u559c\u8336\u4e3a\u4ee3\u8868\u7684\u7ebf\u4e0b\u624b\u5de5\u51b2\u6ce1\u8336\u996e\u95e8\u5e97\u5374\u5f00\u59cb\u4f5c\u4e3a\u7f51\u7ea2\u7206\u6b3e\u5237\u5c4f\u670b\u53cb\u5708\u3002\u9999\u98d8\u98d8\u4ea7\u54c1\u4e0e\u8425\u9500\u5c42\u9762\u7684\u8f6c\u578b\u4e4b\u8def\u90fd\u5df2\u7ecf\u8feb\u5728\u7709\u776b\u3002<\/p>\n

\u9996\u5148\uff0c\u4ece\u8425\u9500\u7c7b\u578b\u6765\u8bf4\uff0c\u559c\u8336\u5df2\u7ecf\u4e0d\u4ec5\u4ec5\u662f\u4e00\u676f\u5976\u8336\u7684\u5b58\u5728\uff0c\u5b83\u6620\u5c04\u51fa\u66f4\u591a\u7684\u662f\u987e\u5ba2\u4eec\u5bf9\u4e8e\u201c\u6f6e\u54c1\u201d\u3001\u201c\u7206\u54c1\u201d\u7684\u8ffd\u6c42\u3002<\/strong>\u8fd9\u79cd\u8425\u9500\u6a21\u5f0f\u6709\u5229\u4e8e\u987e\u5ba2\u6253\u9020\u81ea\u6211\u4eba\u8bbe\uff0c\u8fd9\u79cd\u4eba\u8bbe\u5373\u987e\u5ba2\u5728\u4ed6\u4eba\u9762\u524d\u5c55\u793a\u7684\u81ea\u6211\u5f62\u8c61\uff0c\u671f\u671b\u7559\u7ed9\u4ed6\u4eba\u7684\u81ea\u6211\u5370\u8c61\u3002<\/p>\n

\u6bd4\u5982\u5728\u559c\u8336\u53bb\u5e74\u6a2a\u7a7a\u51fa\u4e16\u5237\u7206\u6d41\u91cf\u7684\u65f6\u5019\uff0c\u5f53\u4f60\u5728\u670b\u53cb\u5708\u6652\u51fa\u81ea\u5df1\u82b1\u91cd\u91d1\u6258\u4ee3\u8d2d\u4e70\u4e0b\u7684LV\u5305\u5305\u6240\u6536\u83b7\u7684\u70b9\u8d5e\u91cf\uff0c\u53ef\u80fd\u6bd4\u4e0d\u4e0a\u522b\u4eba\u4e3e\u91cd\u82e5\u8f7b\u6652\u51fa\u81ea\u5df1\u521a\u521a\u6392\u961f\uff08\u6216\u8005\u6258\u9ec4\u725b\uff09\u4e70\u4e0b\u7684\u559c\u8336\u81ea\u62cd\u3002\u5f53\u559c\u8336\u5df2\u7ecf\u6210\u4e3a\u4e00\u79cd\u54c1\u8d28\u751f\u6d3b\u7684\u7b26\u53f7\uff0c\u9999\u98d8\u98d8\u5374\u8fd8\u5728\u575a\u6301\u9999\u7cbe\u5151\u6c34\u7684\u51b2\u6ce1\u5976\u8336\uff0c\u4e24\u8005\u4e00\u6bd4\u8f83\uff0c\u9ad8\u4e0b\u7acb\u73b0\u3002<\/p>\n<\/section>\n<\/section>\n<\/section>\n

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\u5373\u4f7f\u9999\u98d8\u98d8\u9080\u8bf7\u949f\u6c49\u826f\u7b49\u660e\u661f\u8fdb\u884c\u4ee3\u8a00\uff0c\u4e5f\u65e0\u6cd5\u63a9\u76d6\u9999\u98d8\u98d8\u8eab\u4e0a\u571flow\u7684\u6c14\u8d28<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/div>\n
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\u5176\u6b21\uff0c\u4ece\u53e3\u5473\u89d2\u5ea6\u6765\u770b\uff0c\u867d\u7136\u9999\u98d8\u98d8\u6709\u9646\u7eed\u63a8\u51fa\u8fc7\u591a\u6b3eSKU\u4ea7\u54c1\uff0c\u4f46\u672c\u8d28\u4e0a\u6700\u675f\u7f1a\u5b83\u7684\u5374\u662f\u9700\u8981\u70ed\u6c34\u51b2\u6ce1\u8fd9\u4e2a\u786c\u6027\u8981\u6c42\u3002<\/strong>\u5f53\u521d\u848b\u5efa\u742a\u4ee5\u4e00\u676f\u6eda\u70eb\u6696\u5fc3\u7684\u51b2\u6ce1\u5976\u8336\u62ff\u4e0b\u79cb\u51ac\u5e02\u573a\u65f6\uff0c\u5c31\u4e5f\u5e94\u8be5\u610f\u8bc6\u5230\u5982\u679c\u5230\u4e86\u590f\u5b63\uff0c\u4f18\u52bf\u5c31\u4f1a\u53d8\u6210\u52a3\u52bf\u3002\u867d\u7136\u9999\u98d8\u98d8\u7684\u51b2\u6ce1\u8bf4\u660e\u4e2d\u6709\u5efa\u8bae\u987e\u5ba2\u5728\u590f\u5b63\u52a0\u5165\u51b0\u5757\u996e\u7528\uff0c\u53e3\u611f\u66f4\u4f73\uff0c\u4f46\u8fd9\u79cd\u4e0d\u80fd\u4e00\u6b65\u5230\u4f4d\u7684\u996e\u7528\u65b9\u5f0f\uff0c\u663e\u7136\u4e0d\u80fd\u591f\u7528\u6700\u8fc5\u901f\u7684\u65b9\u5f0f\u4fd8\u864f\u987e\u5ba2\u3002<\/p>\n<\/section>\n<\/section>\n<\/section>\n
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