鐩搁棞(gu膩n)鎺ㄨ枽锛�2019骞翠腑绱氱稉(j墨ng)婵熷斧銆婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京鍖附

绗叓绔犮€€浼佹キ(y猫)鎶曡瀺璩囨焙绛栧強閲嶇祫

绗竴绡€(ji茅)銆€璨″嫏(w霉)绠＄悊鐨勫熀鏈児鍊艰蹇�

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(涓€)璨ㄥ梗鐨勬檪闁撳児鍊兼蹇� (绨″柈浜嗚В)

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璩囬噾鏅傞枔鍍瑰€兼湁鍏╃ó琛ㄧ従(xi脿n)褰㈠紡锛氬叾涓€鏄浉灏嶆暩(sh霉)锛屽嵆鏅傞枔鍍瑰€肩巼锛屾槸鎵ｉ櫎棰ㄩ毆鍫遍叕鍜岄€氳波鑶ㄨ劰鍥犵礌鍚庣殑骞冲潎璩囬噾鍒╂饯鐜囨垨骞冲潎鍫遍叕鐜�;鍏朵簩鏄禃灏嶆暩(sh霉)锛屽嵆鏅傞枔鍍瑰€奸锛屾槸涓€瀹氭暩(sh霉)椤嶇殑璩囬噾鑸囨檪闁撳児鍊肩巼鐨勪箻绌嶃€�

鍦ㄤ笉鑰冩叜棰ㄩ毆鍜岄€氳波鑶ㄨ劰鐨勬儏娉佷笅锛屽嵆鍙互鐢ㄥ埄鐜囧拰鍒╂伅浠ｈ〃璨ㄥ梗鐨勬檪闁撳児鍊�銆�

銆愮煡璀橀粸銆戦ⅷ闅児鍊艰蹇�

(涓€)棰ㄩ毆鍍瑰€兼蹇�

棰ㄩ毆鍫遍叕锛屾槸鎸囨姇璩囪€呯敱浜庡啋钁楅ⅷ闅€茶鎶曡硣鑰岀嵅寰楃殑瓒呴亷璩囬噾鐨勬檪闁撳児鍊肩殑椤嶅鏀剁泭銆�

棰ㄩ毆鍫遍叕鏈夊叐绋〃绀烘柟娉曪細棰ㄩ毆鍫遍叕椤嶅拰棰ㄩ毆鍫遍叕鐜�銆�

鍦ㄨ病鍕�(w霉)绠＄悊涓紝棰ㄩ毆鍫遍叕閫氬父鐢ㄧ浉灏嶆暩(sh霉)——棰ㄩ毆鍫遍叕鐜囦締瑷堥噺銆�

鍦ㄤ笉鑰冩叜閫氳波鑶ㄨ劰鐨勬儏娉佷笅锛屾姇璩囧繀瑕佸牨閰巼鍖呮嫭鍏╅儴鍒嗭細涓€鏄硣閲戠殑鏅傞枔鍍瑰€�锛屽畠鏄笉鑰冩叜鎶曡硣棰ㄩ毆鑰屽緱鍒扮殑鍍瑰€硷紝鍗崇劇棰ㄩ毆鍫遍叕鐜�;浜屾槸棰ㄩ毆鍍瑰€硷紝鍗抽ⅷ闅牨閰巼銆�

鎶曡硣蹇呰鍫遍叕鐜�=璩囬噾鏅傞枔鍍瑰€�(鐒￠ⅷ闅牨閰巼)+棰ㄩ毆鍫遍叕鐜�

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銆愪緥椤�·鍠伕椤屻€�(2016)M鍏徃寰濶鍏徃绉熷叆鏁�(sh霉)鎺ф搴婁竴鑷�锛屽悎鍚岀磩瀹氱鏈熺偤2骞�锛孧鍏徃姣忓勾骞存湯鏀粯绲鍏徃绉熼噾10钀厓锛屽亣瀹氬勾寰�(f霉)鍒╃巼鐐�6%锛屽墖M鍏徃鏀粯鐨勭閲戠従(xi脿n)鍊肩附瑷堢偤(銆€)钀厓銆�

A.9.43

B.18.33

C.20.00

D.20.12

銆庢纰虹瓟妗堛€廈

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡鍚庝粯骞撮噾鐨勭従(xi脿n)鍊�銆�

銆愪緥椤�·鍠伕椤屻€戦ⅷ闅牨閰巼鍙互鐢ㄩⅷ闅牨閰郴鏁�(sh霉)鑸�(銆€)鐨勪箻绌嶈▓绠楀緱鍑�銆�

A.妯欐簴闆㈠樊鐜�

B.鏅傞枔鍍瑰€肩巼

C.鐒￠ⅷ闅牨閰巼

D.蹇呰鍫遍叕鐜�

銆庢纰虹瓟妗堛€廇

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡棰ㄩ毆鍫遍叕鐜囩殑瑷堢畻銆傞ⅷ闅牨閰巼=棰ㄩ毆鍫遍叕绯绘暩(sh霉)×妯欐簴闆㈠樊鐜�銆�

銆愪緥椤�·鍠伕椤屻€戝亣瑷�(sh猫)闁嬬櫦(f膩)鏌愮敘(ch菐n)鍝佺殑鏈熸湜鍫遍叕鐜囩偤25%锛屾婧栭洟宸偤15%銆傚墖闁嬬櫦(f膩)瑭茬敘(ch菐n)鍝佺殑鏈熸湜鍫遍叕鐜囩殑妯欐簴闆㈠樊鐜囩偤(銆€)銆�

A.10%

B.40%

C.60%

D.167%

銆庢纰虹瓟妗堛€廋

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灏忕法鍒嗕韩鐨�“2019骞翠腑绱氱稉(j墨ng)婵熷斧銆婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京锛氱鍏珷”渚涘ぇ瀹跺弮鑰�锛屼互涓嬪皬绶ㄧ偤澶у婧栧倷浜嗕腑绱氱稉(j墨ng)婵熷斧鍌欒€冪簿鑿硣鏂�锛岄粸鎿婁互涓�“璩囨枡涓嬭級”鍗冲彲鍏嶈不鐛插彇鍝�!

鐩搁棞(gu膩n)鎺ㄨ枽锛�2019骞翠腑绱氱稉(j墨ng)婵熷斧銆婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京鍖附

绗簩绡€(ji茅)銆€绫岃硣姹虹瓥

銆愮煡璀橀粸銆戣硣鏈垚鏈�

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銆愮煡璀橀粸銆戞潬妗跨悊璜�

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(涓€)鐕熸キ(y猫)鏉犳】(鎺屾彙)

鐕熸キ(y猫)鏉犳】鍙堢ū缍�(j墨ng)鐕熸潬妗挎垨鐕熼亱鏉犳】锛屾槸鎸囦紒妤�(y猫)鐢熺敘(ch菐n)缍�(j墨ng)鐕熶腑锛岀敱浜庡浐瀹氭垚鏈瓨鍦�锛岀暥閵峰敭椤�(鐕熸キ(y猫)椤�)澧炴笡鏅�锛屾伅绋呭墠鐩堜綑鏈冩湁鏇村ぇ骞呭害鐨勫娓�锛屽畾閲忚　閲忛€欎竴绋嬪害鐢ㄧ嚐妤�(y猫)鏉犳】绯绘暩(sh霉)銆�

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寮忎腑锛欴OL鐐虹嚐妤�(y猫)鏉犳】绯绘暩(sh霉);EBIT鐐烘伅绋呭墠鐩堜綑椤�(鎭▍鍓嶇泩浣欓=鍑堝埄娼ょ附椤�+鍒╂伅椤�+鎵€寰楃▍椤�);鈻矱BIT鐐烘伅绋呭墠鐩堜綑椤嶇殑璁婂嫊椤�;S鐐虹嚐妤�(y猫)椤�;鈻砈鐐虹嚐妤�(y猫)椤嶇殑璁婂嫊椤�銆�

(浜�)璨″嫏(w霉)鏉犳】(鎺屾彙)

璨″嫏(w霉)鏉犳】涔熺ū铻嶈硣鏉犳】锛屾槸鎸囩敱浜庡偟鍕�(w霉)鍒╂伅绛夊浐瀹氭€ц瀺璩囨垚鏈殑瀛樺湪锛屼娇娆�(qu谩n)鐩婅硣鏈噲鍒╃巼(鎴栨瘡鑲℃敹鐩�)鐨勮畩鍕曠巼澶т簬鎭▍鍓嶇泩浣欑巼(鎴栨伅绋呭墠鐩堜綑)璁婂嫊鐜囩殑鐝�(xi脿n)璞�銆傚畾閲忚　閲忓奖闊跨▼搴︾敤璨″嫏(w霉)鏉犳】绯绘暩(sh霉)銆�

璨″嫏(w霉)鏉犳】绯绘暩(sh霉)(DFL)锛屾槸鎸囨櫘閫氳偂姣忚偂鏀剁泭(EPS)璁婂嫊鐜囪垏鎭▍鍓嶇泩浣欒畩鍕曠巼鐨勬瘮鍊�銆傚叾娓畻鍏紡鐐猴細

寮忎腑锛欴FL鐐鸿病鍕�(w霉)鏉犳】绯绘暩(sh霉);鈻矱BIT鐐烘伅绋呭墠鐩堜綑璁婂嫊椤�;EBIT鐐烘伅绋呭墠鐩堜綑椤�锛屸柍EPS鐐烘櫘閫氳偂姣忚偂鏀剁泭璁婂嫊椤�;EPS鐐烘櫘閫氳偂姣忚偂绋呭悗鍒╂饯椤�銆�

銆愮煡璀橀粸銆戣硣鏈祼(ji茅)妲�(g貌u)鐞嗚珫

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(涓€)鏃╂湡璩囨湰绲�(ji茅)妲�(g貌u)鐞嗚珫(浜嗚В)

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鍦ㄥ叕鍙哥殑璩囨湰绲�(ji茅)妲�(g貌u)涓�锛屽偟鍕�(w霉)璩囨湰鐨勬瘮渚嬭秺澶�锛屽叕鍙哥殑鍑堟敹鐩婃垨绋呭悗鍒╂饯灏辫秺澶�锛屽緸鑰屽叕鍙哥殑鍍瑰€煎氨瓒婇珮銆�

2.鍑堢嚐妤�(y猫)鏀剁泭瑙€榛�

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3.鍌崇当(t菕ng)瑙€榛�

鎸夌収閫欑ó瑙€榛�锛屽鍔犲偟鍕�(w霉)璩囨湰灏嶆彁楂樺叕鍙稿児鍊兼槸鏈夊埄鐨勶紝浣嗗偟鍕�(w霉)璩囨湰瑕�(gu墨)妯″繀闋堥仼搴�銆傚鏋滃叕鍙歌矤鍌甸亷搴︼紝缍滃悎璩囨湰鎴愭湰鐜囧氨鏈冨崌楂�锛屽苟浣垮叕鍙稿児鍊间笅闄嶃€�

(浜�)MM璩囨湰绲�(ji茅)妲�(g貌u)鐞嗚珫(鎺屾彙)

1958骞�,鑾开鏍艰悐灏�(Modigliani)鍜岀背鍕�(Miller)鎻愬嚭浜嗚憲鍚嶇殑MM鐞嗚珫銆傚湪鐒＄▍鏀�銆佽硣鏈彲浠ヨ嚜鐢辨祦閫�銆佸厖鍒嗙鐖�銆侀爯(y霉)鏈熷牨閰巼鐩稿悓涓嬬殑璀夊埜鍍规牸鐩稿悓銆佸畬鍏ㄤ俊鎭�銆佸埄鐜囦竴鑷�銆侀珮搴﹀畬鍠勫拰鍧囪　鐨勮硣鏈競鍫寸瓑涓€绯诲垪鍋囪ō(sh猫)姊濅欢涓�,鎻愬嚭浜嗗叐鍊嬮噸瑕佸懡椤岋細

鍛介I——鐒¤珫鍏徃鏈夌劇鍌垫瑠(qu谩n)璩囨湰,鍏跺児鍊�(鏅€氳偂璩囨湰鑸囬暦鏈熷偟娆�(qu谩n)璩囨湰鐨勫競鍫村児鍊间箣鍜�)绛変簬鍏徃鎵€鏈夎硣鐢�(ch菐n)鐨勯爯(y霉)鏈熸敹鐩婇(鎭▍鍓嶅埄娼�)鎸夐仼鍚堣┎鍏徃棰ㄩ毆绛夌礆鐨勫繀瑕佸牨閰巼(缍滃悎璩囨湰鎴愭湰鐜�)浜堜互鎶樼従(xi脿n)銆傞€欎竴鍛介鐨勫熀鏈惈缇╂槸鍏徃鐨勫児鍊间笉鏈冨彈璩囨湰绲�(ji茅)妲�(g貌u)鐨勫奖闊裤€�

鍛介鈪�——鍒╃敤璨″嫏(w霉)鏉犳】鐨勫叕鍙�锛屽叾鑲℃瑠(qu谩n)璩囨湰鎴愭湰鐜囬毃绫岃硣椤嶇殑澧炲姞鑰屽鍔狅紝鍥犳鍏徃鐨勫競鍫村児鍊间笉鏈冮毃鍌垫瑠(qu谩n)璩囨湰姣斾緥鐨勪笂鍗囪€屽鍔�銆傝硣鏈垚鏈純浣庣殑鍌靛嫏(w霉)绲﹀叕鍙稿付渚嗙殑璨″嫏(w霉)鏉犳】鍒╃泭鏈冭鑲℃瑠(qu谩n)璩囨湰鎴愭湰鐜囩殑涓婂崌鑰屾姷娑�銆傚湪娌掓湁浼佹キ(y猫)鍜屽€嬩汉鎵€寰楃▍鐨勬儏娉佷笅锛岄ⅷ闅浉鍚岀殑浼佹キ(y猫)锛屽叾鍍瑰€间笉鍙楄矤鍌靛拰璨犲偟绋嬪害鐨勫奖闊�銆�

(涓�)鐝�(xi脿n)浠ｈ硣鏈祼(ji茅)妲�(g貌u)鐞嗚珫(鐔熸倝)

1.浠ｇ悊鎴愭湰鐞嗚珫

浠ｇ悊鎴愭湰鐞嗚珫鎸囧嚭锛屽叕鍙稿偟鍕�(w霉)鐨勯仌绱勯ⅷ闅槸璨″嫏(w霉)鏉犳】绯绘暩(sh霉)鐨勫鍑芥暩(sh霉)锛岄毃钁楀叕鍙稿偟娆�(qu谩n)璩囨湰鐨勫鍔�锛屽偟娆�(qu谩n)浜虹殑鐩�(ji膩n)鐫ｆ垚鏈毃涔嬫彁鍗�锛屽偟娆�(qu谩n)浜烘渻瑕佹眰鏇撮珮鐨勫埄鐜�銆傞€欑ó浠ｇ悊鎴愭湰鏈€绲傜敱鑲℃澅鎵挎摂锛屽叕鍙歌硣鏈祼(ji茅)妲�(g貌u)涓偟娆�(qu谩n)姣旂巼閬庨珮鏈冨皫(d菐o)鑷磋偂鏉卞児鍊肩殑闄嶄綆銆傛牴鎿�(j霉)浠ｇ悊鎴愭湰鐞嗚珫锛屽偟娆�(qu谩n)璩囨湰閬╁害鐨勮硣鏈祼(ji茅)妲�(g貌u)鏈冨鍔犺偂鏉辩殑鍍瑰€笺€�

2.鍟勫簭鐞嗚珫

瑭茬悊璜栬獚鐐哄叕鍙稿偩鍚戜簬棣栧厛閲囩敤鍏�(n猫i)閮ㄧ睂璩�锛屽洜鑰屼笉鏈冨偝閬炰换浣曞彲鑳藉皪鑲″児涓嶅埄鐨勪俊鎭�;

濡傛灉闇€瑕佸閮ㄧ睂璩�锛屽叕鍙稿皣鍏堥伕鎿囧偟娆�(qu谩n)绫岃硣锛屽啀閬告搰鍏朵粬澶栭儴鑲℃瑠(qu谩n)绫岃硣锛岄€欑ó绫岃硣闋嗗簭鐨勯伕鎿囦篃涓嶆渻鍌抽仦灏嶅叕鍙歌偂鍍圭敘(ch菐n)鐢熶笉鍒╁奖闊跨殑淇℃伅銆�

鎸夌収鍟勫簭鐞嗚珫锛屼笉瀛樺湪鏄庨’鐨勭洰妯欒硣鏈祼(ji茅)妲�(g貌u)銆�

3.鍕曟厠(t脿i)娆�(qu谩n)琛＄悊璜�銆傝┎鐞嗚珫灏囪(di脿o)鏁存垚鏈磵鍏ユā鍨嬩箣涓�锛岀櫦(f膩)鐝�(xi脿n)鍗充娇寰堝皬鐨勮(di脿o)鏁存垚鏈篃鏈冧娇鍏徃鐨勮矤鍌电巼鑸囨渶鍎�(y艒u)姘村钩鐧�(f膩)鐢熻純澶х殑鍋忛洟銆傜暥瑾�(di脿o)鏁存垚鏈皬浜庢鍎�(y艒u)璩囨湰绲�(ji茅)妲�(g貌u)鎵€甯朵締鐨勫叕鍙稿児鍊兼悕澶辨檪锛屽叕鍙哥殑瀵﹂殯璩囨湰绲�(ji茅)妲�(g貌u)灏辨渻鍚戝叾鏈€鍎�(y艒u)璩囨湰绲�(ji茅)妲�(g貌u)鐙€鎱�(t脿i)閫茶瑾�(di脿o)鏁�;鍚﹀墖锛屽叕鍙稿皣涓嶉€茶閫欑ó瑾�(di脿o)鏁淬€�

4.甯傚牬鎿囨檪鐞嗚珫銆傝┎鐞嗚珫鐮旂┒绲�(ji茅)璜栨槸锛屽湪鑲＄エ甯傚牬闈炵悊鎬�銆佸叕鍙歌偂鍍硅楂樹及鏅傦紝鐞嗘€х殑绠＄悊鑰呮噳(y墨ng)瑭茬櫦(f膩)琛屾洿澶氱殑鑲＄エ浠ュ埄鐢ㄦ姇璩囪€呯殑閬庡害鐔辨儏;鐣惰偂绁ㄨ閬庡垎浣庝及鏅�锛岀悊鎬х殑绠＄悊鑰呮噳(y墨ng)瑭插洖璩艰偂绁�銆�

銆愮煡璀橀粸銆戣硣鏈祼(ji茅)妲�(g貌u)姹虹瓥

(涓€)璩囨湰绲�(ji茅)妲�(g貌u)鐨勫奖闊垮洜绱�

璩囨湰绲�(ji茅)妲�(g貌u)鐨勫奖闊垮洜绱犱富瑕佹湁浼佹キ(y猫)璨″嫏(w霉)鐩銆佺稉(j墨ng)鐕熺媭娉佺殑绌�(w臎n)瀹氭€у拰鎴愰暦鎬�銆佷紒妤�(y猫)鐨勮病鍕�(w霉)鐙€娉佸拰淇＄敤绛夌礆銆佷紒妤�(y猫)璩囩敘(ch菐n)绲�(ji茅)妲�(g貌u)銆佷紒妤�(y猫)鎶曡硣鑰呭強绠＄悊鐣跺眬鐨勬厠(t脿i)搴︺€佽妤�(y猫)鐗瑰緛鍙婄櫦(f膩)灞曞懆鏈�銆佺稉(j墨ng)婵熺挵(hu谩n)澧冪殑绋呭嫏(w霉)鏀跨瓥鍙婅波骞ｆ斂绛�銆�

(浜�)璩囨湰绲�(ji茅)妲�(g貌u)鐨勬焙绛栨柟娉�(鎺屾彙)

浼佹キ(y猫)璩囨湰绲�(ji茅)妲�(g貌u)姹虹瓥鍗崇⒑瀹氭渶浣宠硣鏈祼(ji茅)妲�(g貌u)銆傛渶浣宠硣鏈祼(ji茅)妲�(g貌u)鏄寚浼佹キ(y猫)鍦ㄩ仼搴﹁病鍕�(w霉)棰ㄩ毆鐨勬浠朵笅锛屼娇鍏堕爯(y霉)鏈熺殑缍滃悎璩囨湰鎴愭湰鐜囨渶浣�锛屽悓鏅備娇浼佹キ(y猫)鍍瑰€兼渶澶х殑璩囨湰绲�(ji茅)妲�(g貌u)銆�

(1)璩囨湰鎴愭湰姣旇純娉�

鍦ㄩ仼搴﹁病鍕�(w霉)棰ㄩ毆鐨勬浠朵笅锛屾脯绠楀彲渚涢伕鎿囩殑涓嶅悓璩囨湰绲�(ji茅)妲�(g貌u)鎴栫睂璩囩祫鍚堟柟妗堢殑缍滃悎璩囨湰鎴愭湰鐜�锛屽苟浠ユ鐐烘婧栫浉浜掓瘮杓冪⒑瀹氭渶浣宠硣鏈祼(ji茅)妲�(g貌u)鐨勬柟娉�銆�

銆愪緥椤�·鍠伕椤屻€�(2016)鏌愬叕鍙稿緸閵€琛岀嵅寰楄哺娆�2鍎勫厓锛屾湡闄愮偤3骞�锛岃哺娆惧勾鍒╃巼鐐�6.5%锛岀磩瀹氭瘡骞翠粯鎭竴娆�锛屽埌鏈熶竴娆℃€ч倓鏈€傚亣瑷�(sh猫)绫岃硣璨荤敤鐜囩偤0.5%锛屽叕鍙告墍寰楃▍绋呯巼鐐�25%锛屽墖瑭插叕鍙歌┎绛嗚哺娆剧殑璩囨湰鎴愭湰鐜囨槸(銆€)銆�

A.4.90%

B.5.65%

C.6.50%

D.9.00%

銆庢纰虹瓟妗堛€廇

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡闀锋湡鍊熸鐨勮硣鏈垚鏈巼鐨勮▓绠�銆傝┎璨告鐨勮硣鏈垚鏈巼=[骞村埄鎭×(1-绋呯巼)]/[绫岃硣椤�×(1-绫岃硣璨荤敤鐜�)]=[2×6.5%×(1-25%)]/[2×(1-0.5%)]=4.9%銆�

銆愪緥椤�·澶氶伕椤屻€戝湪娓畻涓嶅悓绫岃硣鏂瑰紡鐨勮硣鏈垚鏈檪锛屾噳(y墨ng)鑰冩叜绋呮敹鎶垫墸鍥犵礌鐨勭睂璩囨柟寮忔湁(銆€)

A.闀锋湡鍊熸銆€銆€B.闀锋湡鍌靛埜銆€銆€C.鏅€氳偂銆€銆€D.鐣欏瓨鏀剁泭銆€銆€E.鍎�(y艒u)鍏堣偂

銆庢纰虹瓟妗堛€廇B

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡闀锋湡鍌靛嫏(w霉)璩囨湰鎴愭湰鐜囩殑娓畻銆傞伕闋匔DE閮戒笉鑰冩叜绋呮敹鎶垫墸鍥犵礌锛岄€欓€氶亷瀹冨€戝悇鑷▓绠楄硣鏈垚鏈巼鐨勫叕寮忓彲浠ョ湅鍑�銆�

銆愪緥椤�·鍠伕椤屻€戣病鍕�(w霉)鏉犳】鏄敱浜�(銆€)鐨勫瓨鍦ㄨ€岀敘(ch菐n)鐢熺殑鏁堟噳(y墨ng)銆�

A.鎶樿垔銆€銆€B.鍥哄畾缍�(j墨ng)鐕熻不鐢ㄣ€€銆€C.浠樼従(xi脿n)鎴愭湰銆€銆€D.鍥哄畾鎬ц瀺璩囨垚鏈�

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銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡璨″嫏(w霉)鏉犳】銆傝病鍕�(w霉)鏉犳】涔熺ū铻嶈硣鏉犳】锛屾槸鎸囩敱浜庡偟鍕�(w霉)鍒╂伅绛夊浐瀹氭€ц瀺璩囨垚鏈殑瀛樺湪锛屼娇娆�(qu谩n)鐩婅硣鏈噲鍒╃巼(鎴栨瘡鑲℃敹鐩�)鐨勮畩鍕曠巼澶т簬鎭▍鍓嶇泩浣欑巼(鎴栨伅绋呭墠鐩堜綑)璁婂嫊鐜囩殑鐝�(xi脿n)璞�銆�

銆愪緥椤�·鍠伕椤屻€戞牴鎿�(j霉)璩囨湰绲�(ji茅)妲�(g貌u)鐨勫晞搴忕悊璜栵紝鍏徃閬告搰绫岃硣鏂瑰紡鐨勯爢搴忎緷娆℃槸(銆€)銆�

A.鑲℃瑠(qu谩n)绫岃硣銆佸偟娆�(qu谩n)绫岃硣銆佸収(n猫i)閮ㄧ睂璩�

B.鍏�(n猫i)閮ㄧ睂璩囥€佽偂娆�(qu谩n)绫岃硣銆佸偟娆�(qu谩n)绫岃硣

C.鍏�(n猫i)閮ㄧ睂璩�銆佸偟娆�(qu谩n)绫岃硣銆佽偂娆�(qu谩n)绫岃硣

D.鑲℃瑠(qu谩n)绫岃硣銆佸収(n猫i)閮ㄧ睂璩�銆佸偟娆�(qu谩n)绫岃硣

銆庢纰虹瓟妗堛€廋

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鎶曡硣涓殑鐝�(xi脿n)閲戞祦閲忔槸鎸囦竴瀹氭檪闁撳収(n猫i)鐢辨姇璩囧紩璧峰悇闋呯従(xi脿n)閲戞祦鍏ラ噺銆佺従(xi脿n)閲戞祦鍑洪噺鍙婄従(xi脿n)閲戝噲娴侀噺鐨勭当(t菕ng)绋便€�

瑁滃厖璩囨枡锛�

鐝�(xi脿n)閲戞祦閲忎腑鐨�“鐝�(xi脿n)閲�”鏄唬缇╃殑姒傚康锛屼笉鍍呭寘鎷悇绋波骞ｈ硣閲戯紝鑰屼笖閭勫寘鎷爡鐩渶瑕佹姇鍏ョ殑浼佹キ(y猫)鐝�(xi脿n)鏈夌殑闈炶波骞ｈ硣婧愮殑璁婄従(xi脿n)鍍瑰€�銆備緥濡�锛屼竴鍊嬮爡鐩渶瑕佷娇鐢ㄥ師鏈夌殑寤犳埧銆佽ō(sh猫)鍌欍€佹潗鏂欑瓑锛屽墖鐩搁棞(gu膩n)鐨勭従(xi脿n)閲戞祦閲忔槸鎸囧畠鍊戠殑璁婄従(xi脿n)鍍瑰€硷紝鑰屼笉鏄超闈㈠児鍊�銆�

鐝�(xi脿n)閲戞祦鍑烘槸鎸囪┎鏂规寮曡捣鐨勪紒妤�(y猫)鐝�(xi脿n)閲戞敮鍑虹殑澧炲姞椤嶃€�

鐝�(xi脿n)閲戞祦鍏ユ槸鎸囪┎鏂规寮曡捣鐨勪紒妤�(y猫)鐝�(xi脿n)閲戞敹鍏ョ殑澧炲姞椤�銆�

閫氬父鎸夐爡鐩湡闁擄紝灏囩従(xi脿n)閲戞祦閲忓垎鐐哄垵濮嬬従(xi脿n)閲戞祦閲�銆佺嚐妤�(y猫)鐝�(xi脿n)閲戞祦閲忓拰绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲忋€�

1.鍒濆鐝�(xi脿n)閲戞祦閲�

鍒濆鐝�(xi脿n)閲戞祦閲忔槸鎸囬枊濮嬫姇璩囨檪鐧�(f膩)鐢熺殑鐝�(xi脿n)閲戞祦閲�锛屽寘鎷細

(1)鍥哄畾璩囩敘(ch菐n)鎶曡硣椤�;

(2)娴佸嫊璩囩敘(ch菐n)鎶曡硣椤�;

(3)鍏朵粬鎶曡硣璨荤敤;

(4)鍘熸湁鍥哄畾璩囩敘(ch菐n)鐨勮畩鍍规敹鍏ャ€�

鍒濆鐝�(xi脿n)閲戞祦閲�=鍥哄畾璩囩敘(ch菐n)鎶曡硣椤�+娴佸嫊璩囩敘(ch菐n)鎶曡硣椤�+鍏朵粬鎶曡硣璨荤敤-鍘熸湁鍥哄畾璩囩敘(ch菐n)鐨勮畩鍍规敹鍏�

2.鐕熸キ(y猫)鐝�(xi脿n)閲戞祦閲�

鐕熸キ(y猫)鐝�(xi脿n)閲戞祦閲忔槸鎸囨姇璩囬爡鐩姇鍏ヤ娇鐢ㄥ悗锛屽湪鍏跺＝鍛藉懆鏈熷収(n猫i)鐢变簬鐢熺敘(ch菐n)缍�(j墨ng)鐕熸墍甯朵締鐨勭従(xi脿n)閲戞祦鍏ュ拰娴佸嚭鐨勬暩(sh霉)閲�銆備竴鑸寜骞村害閫茶瑷堢畻銆�

涓€鑸ō(sh猫)瀹氭姇璩囬爡鐩殑姣忓勾閵峰敭鏀跺叆鐐虹嚐妤�(y猫)鐝�(xi脿n)閲戞祦鍏�锛屼粯鐝�(xi脿n)鎴愭湰(闇€瑕佺暥鏈熸敮浠樼従(xi脿n)閲戠殑鎴愭湰锛屼笉鍖呮嫭鎶樿垔)鐐虹嚐妤�(y猫)鐝�(xi脿n)閲戞祦鍑洪噺锛�

姣忓勾鍑堢嚐妤�(y猫)鐝�(xi脿n)閲戞祦閲�(NCF)=姣忓勾鐕熸キ(y猫)鏀跺叆-浠樼従(xi脿n)鎴愭湰-鎵€寰楃▍

=鐕熸キ(y猫)鏀跺叆-(鐕熸キ(y猫)鎴愭湰-鎶樿垔)-鎵€寰楃▍

=鐕熸キ(y猫)鏀跺叆-鐕熸キ(y猫)鎴愭湰-鎵€寰楃▍+鎶樿垔

姣忓勾鍑堢嚐妤�(y猫)鐝�(xi脿n)閲戞祦閲�(NCF)=鍑堝埄+鎶樿垔

3.绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲�

绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲忔槸鎸囨姇璩囬爡鐩畬绲�(ji茅)鏅傛墍鐧�(f膩)鐢熺殑鐝�(xi脿n)閲戞祦閲�锛屽寘鎷細

(1)鍥哄畾璩囩敘(ch菐n)鐨勬畼鍊兼敹鍏ユ垨璁婂児鏀跺叆;

(2)鍘熶締澧婃敮鍦ㄥ悇绋祦鍕曡硣鐢�(ch菐n)涓婄殑璩囬噾鐨勬敹鍥�;

(3)鍋滄浣跨敤鐨勫湡鍦扮殑璁婂児鏀跺叆绛夈€�

銆愪緥16銆慡鍏徃婧栧倷涓婁竴鍊嬫柊鐢�(ch菐n)鍝佺殑鐢熺敘(ch菐n)闋呯洰锛岄爡鐩殑缍�(j墨ng)婵熷＝鍛界偤5骞�銆傞爡鐩浐瀹氳硣鐢�(ch菐n)鎶曡硣鍖呮嫭寤洪€犲粻鎴�96钀厓锛岃臣缃ō(sh猫)鍌欑偤64钀厓銆傞噰鐢ㄧ洿绶氭硶鎶樿垔锛岀劇娈樺€笺€傛祦鍕曡硣鐢�(ch菐n)鎶曡硣椤嶇偤40钀厓銆傞爡鐩祩绲�(ji茅)鏅傚粻鎴挎寜30钀厓鍞嚭銆傞爡鐩缓鎴愭姇鐢�(ch菐n)鍚�锛岄爯(y霉)瑷堝勾閵峰敭椤嶅鍔�320钀厓锛屾瘡骞村浐瀹氭垚鏈�(涓嶅寘鎷姌鑸�)澧炲姞62钀厓锛岃畩鍕曟垚鏈附椤嶅鍔�192钀厓銆傝ō(sh猫)绋呯巼鐐�25%銆傝│瑷堢畻鐝�(xi脿n)閲戞祦閲�銆�

鏍规摎(j霉)宸茬煡姊濅欢锛�

鍒濆鐝�(xi脿n)閲戞祦閲忕偤锛�96+64+40=200(钀厓)

鐕熸キ(y猫)鐝�(xi脿n)閲戞祦閲忕偤锛�

姣忓勾鐨勬姌鑸婄偤(96+64-30)/5=26(钀厓)

绋呭悗鍒╂饯+鎶樿垔=[320-(62+192+26)]×(1-25%)+26=56(钀厓)

绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲忕偤锛�30+40=70(钀厓)

銆愭敞鎰忋€戜及绠楁姇璩囨柟妗堢殑鐝�(xi脿n)閲戞祦閲忔噳(y墨ng)閬靛惊鐨勬渶鍩烘湰鐨勫師鍓囨槸锛氬彧鏈夊閲忕従(xi脿n)閲戞祦閲忔墠鏄垏闋呯洰鐩搁棞(gu膩n)鐨勭従(xi脿n)閲戞祦閲�銆�

銆愮煡璀橀粸銆戦暦鏈熻偂娆�(qu谩n)鎶曡硣姹虹瓥

璀夊埜鎶曡硣鎸夋檪闁撻暦鐭彲鍒嗙偤闀锋湡鎶曡硣鍜岀煭鏈熸姇璩囷紝鎸夊搧绋彲鍒嗙偤鑲℃瑠(qu谩n)椤炶瓑鍒告姇璩囧拰鍌垫瑠(qu谩n)椤炶瓑鍒告姇璩�銆傛铏曞彧瑷庤珫闀锋湡鑲℃瑠(qu谩n)鎶曡硣銆�

(涓€)闀锋湡鑲℃瑠(qu谩n)鎶曡硣鐨勭壒寰�

闀锋湡鑲℃瑠(qu谩n)鎶曡硣鏄互鑲℃澅鍚嶇京灏囪硣鐢�(ch菐n)鎶曡硣浜庤鎶曡硣鍠綅锛屽苟鍙栧緱鐩告噳(y墨ng)鐨勮偂浠�锛屾寜鎵€鎸佽偂浠芥瘮渚嬩韩鏈夎鎶曡硣鍠綅鐨勬瑠(qu谩n)鐩婁互鍙婃壙鎿旂浉鎳�(y墨ng)鐨勯ⅷ闅€�

闀锋湡鑲℃瑠(qu谩n)鎶曡硣鏄竴绋氦鎻涜鐐�锛屾槸浼佹キ(y猫)灏囪硣鐢�(ch菐n)璁撴浮绲﹁鎶曡硣鍠綅鎵€鐛插緱鐨勫彟涓€闋呰硣鐢�(ch菐n)锛屼紒妤�(y猫)鎵€鍙栧緱鐨勬槸浼撮毃琛ㄦ焙娆�(qu谩n)鐢氳嚦鎺у埗娆�(qu谩n)鐨勮硣鐢�(ch菐n)(鑲℃瑠(qu谩n))锛屾墍鐛插緱鐨勭稉(j墨ng)婵熷埄鐩婁笉鍚屼簬鍏朵粬璩囩敘(ch菐n)鐐轰紒妤�(y猫)甯朵締鐨勭稉(j墨ng)婵熷埄鐩�锛屼富瑕佹槸閫氶亷鍒嗛厤渚嗗鍔犺病瀵�銆佸垎鏁ｉⅷ闅垨璎€姹傚叾浠栧埄鐩�銆�

(浜�)闀锋湡鑲℃瑠(qu谩n)鎶曡硣鐨勯ⅷ闅強鎺у埗

鐐轰簡闃茶寖鏈夐棞(gu膩n)闀锋湡鑲℃瑠(qu谩n)鎶曡硣鐨勯ⅷ闅�锛屼紒妤�(y猫)鎳�(y墨ng)鐣舵寜鐓с€婁紒妤�(y猫)鍏�(n猫i)閮ㄦ帶鍒跺熀鏈(gu墨)鑼冦€嬪拰銆婁紒妤�(y猫)鍏�(n猫i)閮ㄦ帶鍒舵噳(y墨ng)鐢ㄦ寚寮曘€嬬殑鐩搁棞(gu膩n)瑕�(gu墨)瀹氬缓绔嬭捣瀹屽杽鐨勯暦鏈熻偂娆�(qu谩n)鎶曡硣鍏�(n猫i)閮ㄦ帶鍒跺埗搴﹂珨绯汇€�

(1)鏄庣⒑鑱疯铂鍒嗗伐鑸囨巿娆�(qu谩n)鎵规簴銆備紒妤�(y猫)鎳�(y墨ng)鐣跺缓绔嬫姇璩囨キ(y猫)鍕�(w霉)鐨勫礂浣嶈铂浠诲埗锛屾槑纰虹浉闂�(gu膩n)閮ㄩ杸鍜屽礂浣嶇殑鑱疯铂娆�(qu谩n)闄�锛岀⒑淇濊睛鐞嗘姇璩囨キ(y猫)鍕�(w霉)鐨勪笉鐩稿宕椾綅鐩镐簰鍒嗛洟銆佸埗绱勫拰鐩�(ji膩n)鐫�銆傛姇璩囨キ(y猫)鍕�(w霉)涓嶇浉瀹瑰礂浣嶈嚦灏戞噳(y墨ng)鐣跺寘鎷細鎶曡硣闋呯洰鐨勫彲琛屾€х爺绌惰垏瑭曚及;鎶曡硣鐨勬焙绛栬垏鍩�(zh铆)琛�;鎶曡硣铏曠疆鐨勫鎵硅垏鍩�(zh铆)琛�;鎶曡硣绺炬晥瑭曚及鑸囧煼(zh铆)琛�銆�

(2)鍙鎬х爺绌�銆佽⿻浼拌垏姹虹瓥鎺у埗銆傞噸澶ф姇璩囬爡鐩�锛屾噳(y墨ng)鐣舵牴鎿�(j霉)鍏徃绔犵▼鍙婄浉鎳�(y墨ng)娆�(qu谩n)闄愬牨缍�(j墨ng)鑲℃澅澶ф渻鎴栬懀浜嬫渻鎵规簴銆�

(3)鎶曡硣鍩�(zh铆)琛屾帶鍒�銆�

(4)鎶曡硣铏曠疆鎺у埗銆�

銆愪緥椤�·鍠伕椤屻€戞煇鍏徃瑷堝妰鎶曡硣涓€姊濇柊鐨勭敓鐢�(ch菐n)绶�锛岀敓鐢�(ch菐n)绶氬缓鎴愭姇鐢�(ch菐n)鍚庯紝闋�(y霉)瑷堝叕鍙稿勾閵峰敭椤嶅鍔�1000钀�锛屽勾浠樼従(xi脿n)鎴愭湰澧炲姞750钀紝骞存姌鑸婇澧炲姞50钀厓锛屼紒妤�(y猫)鎵€寰楃▍绋呯巼鐐�25%锛屽墖瑭查爡鐩瘡骞寸嚐妤�(y猫)鍑堢従(xi脿n)閲戞祦閲忔槸(銆€)钀厓銆�

A.50 B.150

C.200 D.700

銆庢纰虹瓟妗堛€廋

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡姣忓勾鍑堢嚐妤�(y猫)鐝�(xi脿n)閲戞祦閲忕殑瑷堢畻銆傜嚐妤�(y猫)鍑堢従(xi脿n)閲戞祦閲�=鍑堝埄娼�+鎶樿垔=绋呭悗鏀跺叆-绋呭悗浠樼従(xi脿n)鎴愭湰+鎶樿垔鎶电▍=(1000-750)×(1-25%)+50×25%=200(钀厓)銆�

銆愪緥椤�·澶氶伕椤屻€戝湪鎶曡硣姹虹瓥涓紝闋呯洰棰ㄩ毆鐨勮　閲忓拰铏曠悊鏂规硶鏈�(銆€)銆�

A.瑾�(di脿o)鏁磋硣鏈垚鏈硶

B.瑾�(di脿o)鏁磋硣鐢�(ch菐n)绲�(ji茅)妲�(g貌u)娉�

C.瑾�(di脿o)鏁寸嚐妤�(y猫)鏉犳】娉�

D.瑾�(di脿o)鏁存姌鐝�(xi脿n)鐜囨硶

E.瑾�(di脿o)鏁寸従(xi脿n)閲戞祦閲忔硶

銆庢纰虹瓟妗堛€廌E

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡闋呯洰棰ㄩ毆鐨勮　閲忓拰铏曠悊鏂规硶——瑾�(di脿o)鏁寸従(xi脿n)閲戞祦閲忔硶鍜岃(di脿o)鏁存姌鐝�(xi脿n)鐜囨硶銆�

銆愪緥椤�·妗堜緥鍒嗘瀽椤屻€�(2016)鏌愬叕鍙告鍦ㄨ珫璀夋柊寤轰竴姊濈敓鐢�(ch菐n)绶氶爡鐩殑鍙鎬с€傜稉(j墨ng)娓畻锛岄爡鐩殑缍�(j墨ng)婵熷＝鍛�5骞�锛岄爡鐩浐瀹氳硣鐢�(ch菐n)鎶曡硣椤嶇偤1000钀厓锛屾湡鏈畼鍊兼敹鍏ョ偤100钀厓锛屾祦鍕曡硣鐢�(ch菐n)鎶曡硣100钀厓;闋呯洰鍚勫勾鐝�(xi脿n)閲戞祦閲忚〃瑕嬭〃1銆傚亣瑷�(sh猫)瑭插叕鍙搁伕鎿囩殑璨肩従(xi脿n)鐜囩偤10%锛岀従(xi脿n)鍊肩郴鏁�(sh霉)瑕嬭〃2銆�

琛�1闋呯洰鍚勫勾鐝�(xi脿n)閲戞祦閲忚〃 鍠綅锛氳惉鍏�

琛�2 鐝�(xi脿n)鍊肩郴鏁�(sh霉)琛�

1.瑭查爡鐩殑绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲忕偤(銆€)钀厓銆�

A.100

B.200

C.300

D.320

銆庢纰虹瓟妗堛€廈

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡鐝�(xi脿n)閲戞祦閲忎及绠�銆傜祩绲�(ji茅)鐝�(xi脿n)閲戞祦閲忔槸鎸囨姇璩囬爡鐩畬绲�(ji茅)鏅傛墍鐧�(f膩)鐢熺殑鐝�(xi脿n)閲戞祦閲�锛屽寘鎷細鍥哄畾璩囩敘(ch菐n)鐨勬畼鍊兼敹鍏ユ垨璁婂児鏀跺叆;鍘熶締澧婃敮鍦ㄥ悇绋祦鍕曡硣鐢�(ch菐n)涓婄殑璩囬噾鐨勬敹鍥�;鍋滄浣跨敤鐨勫湡鍦扮殑璁婂児鏀跺叆绛�銆傚湪瑭查鐩腑锛屾秹鍙婂埌鐨勭祩绲�(ji茅)鐝�(xi脿n)閲戞祦閲忔槸鏈熸湯娈樺€兼敹鍏ョ偤100钀厓;娴佸嫊璩囩敘(ch菐n)鎶曡硣100钀厓銆傛墍浠�锛岃┎闋呯洰鐨勭祩绲�(ji茅)鐝�(xi脿n)閲戞祦閲忕偤200钀厓銆�

2.瑭查爡鐩殑鍑堢従(xi脿n)鍊肩偤(銆€)钀厓銆�

A.锕�504

B.198

C.216

D.618

銆庢纰虹瓟妗堛€廋

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡鍑堢従(xi脿n)鍊�銆侼PV=鏈締鍫遍叕绺界従(xi脿n)鍊�-鍒濆鎶曡硣=(180×0.909+400×0.826+400×0.751+400×0.683+400×0.621)-1100≈1316-1100=216(钀厓)銆�

3.鏍规摎(j霉)鍑堢従(xi脿n)鍊兼硶鐨勬焙绛栬(gu墨)鍓�锛岃┎闋呯洰鍙鐨勬浠舵槸鍑堢従(xi脿n)鍊�(銆€)銆�

A.澶т簬闆�

B.灏忎簬闆�

C.绛変簬闆�

D.澶т簬鎶曡硣椤�

銆庢纰虹瓟妗堛€廇

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡璨肩従(xi脿n)鐝�(xi脿n)閲戞祦閲忔寚妯欍€傚湪鍙湁涓€鍊嬪倷閬告柟妗堢殑閲囩磵鑸囧惁姹虹瓥涓�锛屽噲鐝�(xi脿n)鍊肩偤姝ｅ墖閲囩磵銆�

4.瑭曞児瑭查爡鐩湪璨″嫏(w霉)涓婃槸鍚﹀彲琛�锛岄櫎浜嗚▓绠楅爡鐩殑鍑堢従(xi脿n)鍊�锛岄倓鍙互瑷堢畻闋呯洰鐨�(銆€)銆�

A.鎶曡硣鍥炴敹鏈�

B.鍏�(n猫i)閮ㄥ牨閰巼

C.鐛插埄鎸囨暩(sh霉)

D.棰ㄩ毆鍫遍叕绯绘暩(sh霉)

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銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡璨″嫏(w霉)鍙鎬ц⿻鍍规寚妯�銆傞潪璨肩従(xi脿n)鐝�(xi脿n)閲戞祦閲忔寚妯欎竴鑸寘鎷姇璩囧洖鏀舵湡鍜屽钩鍧囧牨閰巼銆傝布鐝�(xi脿n)鐝�(xi脿n)閲戞祦閲忔寚妯欐槸鎸囪€冩叜璨ㄥ梗鏅傞枔鍍瑰€肩殑鎸囨锛屽寘鎷噲鐝�(xi脿n)鍊�銆佸収(n猫i)閮ㄥ牨閰巼銆佺嵅鍒╂寚鏁�(sh霉)绛夈€�

2019骞翠腑绱氱稉(j墨ng)婵熷斧鍌欒€冧腑锛岀偤閬垮厤鑰冪敓閷亷涓礆缍�(j墨ng)婵熷斧鑰冭│锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍＄壒鎺ㄥ嚭“ 鍏嶈不闋�(y霉)绱勭煭淇℃彁閱�”涓€缍�(j墨ng)闋�(y霉)瑷�锛屽眴鏅傜挵(hu谩n)鐞冪恫(w菐ng)鏍℃渻鐐哄ぇ瀹舵帹閫�2019骞翠腑绱氱稉(j墨ng)婵熷斧婧栬€冭瓑鎵撳嵃鏅傞枔銆佽€冭│鏅傞枔鎻愰啋锛岀⒑淇濆ぇ瀹堕爢鍒╁弮鑰�锛�

灏忕法鍒嗕韩鐨�“2019骞翠腑绱氱稉(j墨ng)婵熷斧銆婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京锛氱鍏珷”渚涘ぇ瀹跺弮鑰冿紝浠ヤ笅灏忕法鐐哄ぇ瀹舵簴鍌欎簡涓礆缍�(j墨ng)婵熷斧鍌欒€冪簿鑿硣鏂�锛岄粸鎿婁互涓�“璩囨枡涓嬭級”鍗冲彲鍏嶈不鐛插彇鍝�!

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绗洓绡€(ji茅)銆€骞惰臣閲嶇祫

銆愮煡璀橀粸銆戝苟璩奸噸绲勫嫊鍥�

浼佹キ(y猫)閲嶇祫鏄寚浼佹キ(y猫)浠ヨ硣鏈繚鍊煎鍊肩偤鐩锛岄亱鐢ㄨ硣鐢�(ch菐n)閲嶇祫銆佽矤鍌甸噸绲勫拰鐢�(ch菐n)娆�(qu谩n)閲嶇祫鏂瑰紡锛屽劒(y艒u)鍖栦紒妤�(y猫)璩囩敘(ch菐n)绲�(ji茅)妲�(g貌u)銆佽矤鍌电祼(ji茅)妲�(g貌u)鍜岀敘(ch菐n)娆�(qu谩n)绲�(ji茅)妲�(g貌u)锛屼互鍏呭垎鍒╃敤鐝�(xi脿n)鏈夎硣婧�锛屽鐝�(xi脿n)璩囨簮鍎�(y艒u)鍖栭厤缃�銆�

鍕曞洜锛�

(1)瀹㈣鍕曞洜锛氬緸浼佹キ(y猫)鐧�(f膩)灞曟湰韬嚭鐧�(f膩)鑰冩叜鐨勫嫊鍥�銆�

(2)涓昏鍕曞洜锛氫紒妤�(y猫)鎵€鏈夎€呫€佺鐞嗚€呭拰鐩鍏徃绠＄悊鑰呭緸鍚勮嚜鍒╃泭鍑虹櫦(f膩)鑰冩叜鐨勫嫊鍥�銆傚寘鎷細鎿村ぇ绠＄悊鑰呰伔娆�(qu谩n)銆佷互骞惰臣妤�(y猫)绺句繚闅滅稉(j墨ng)鐞嗚伔浣嶅強鑷垜瀵︾従(xi脿n)灞ゆ闇€瑕佺瓑銆�

銆愮煡璀橀粸銆戝苟璩奸噸绲勬柟寮忓強鏁堟噳(y墨ng)

(涓€)鏀惰臣鑸囧吋骞�

1.浼佹キ(y猫)鏀惰臣鑸囦紒妤�(y猫)鍏煎苟鐨勫惈缇�(鎺屾彙)

鏀惰臣鍜屽吋骞舵槸浼佹キ(y猫)瀵︽柦鍔犻€熸摯寮垫埌(zh脿n)鐣ョ殑涓昏褰㈠紡銆�

·浼佹キ(y猫)鏀惰臣鏄寚涓€鍊嬩紒妤�(y猫)鐢ㄧ従(xi脿n)閲�銆佹湁鍍硅瓑鍒哥瓑鏂瑰紡璩艰卜鍙︿竴瀹朵紒妤�(y猫)鐨勮硣鐢�(ch菐n)鎴栬偂娆�(qu谩n)锛屼互鐛插緱灏嶈┎浼佹キ(y猫)鎺у埗娆�(qu谩n)鐨勪竴绋稉(j墨ng)婵熻鐐�銆�

·浼佹キ(y猫)鍏煎苟鏄寚涓€鍊嬩紒妤�(y猫)璩艰卜鍏朵粬浼佹キ(y猫)鐨勭敘(ch菐n)娆�(qu谩n)锛屽苟浣垮叾浠栦紒妤�(y猫)澶卞幓娉曚汉璩囨牸鐨勪竴绋稉(j墨ng)婵熻鐐�銆�

·鍏煎苟涔熺ū鍚告敹鍚堝苟锛屽惛鏀跺悎骞惰垏鏂拌ō(sh猫)鍚堝苟绲�(t菕ng)绋辩偤鍚堝苟銆�

2.浼佹キ(y猫)骞惰臣鐨勯鍨�(鎺屾彙)

3.骞惰臣鏁堟噳(y墨ng)(鎺屾彙)

(1)瀵︾従(xi脿n)鍗�(xi茅)鍚屾晥鎳�(y墨ng)锛氱鐞嗗崝(xi茅)鍚�銆佺稉(j墨ng)鐕熷崝(xi茅)鍚屻€佽病鍕�(w霉)鍗�(xi茅)鍚�銆�

(2)瀵︾従(xi脿n)鎴�(zh脿n)鐣ラ噸绲勶紝闁嬪睍澶氬厓鍖栫稉(j墨ng)鐕�銆�

(3)鐛插緱鐗规畩璩囩敘(ch菐n)鍜屾笭閬擄細鍦熷湴銆佺煡璀樼敘(ch菐n)娆�(qu谩n)銆佺鐞嗛殜浼嶃€佺爺鐧�(f膩)绛�銆�

(4)闄嶄綆浠ｇ悊鎴愭湰銆�

銆愪緥椤�·鍠伕椤屻€戜竴瀹堕嫾閻靛叕鍙哥敤鑷湁璩囬噾骞惰臣浜嗗叾閻电煶渚涙噳(y墨ng)鍟嗭紝姝ら爡骞惰臣灞簬(銆€)銆�

A.娣峰悎骞惰臣

B.鏉犳】骞惰臣

C.姗悜骞惰臣

D.绺卞悜骞惰臣

銆庢纰虹瓟妗堛€廌

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡绺卞悜骞惰臣?锛焩鍚戝苟璩煎嵆铏曚簬鍚岄鐢�(ch菐n)鍝佷笖涓嶅悓鐢�(ch菐n)閵烽殠娈电殑鍏╁€嬫垨澶氬€嬩紒妤�(y猫)鎵€閫茶鐨勫苟璩�銆�

銆愪緥椤�·鍠伕椤屻€戠敳鍏徃鑸囦箼鍏徃閲嶇祫鍚庯紝鐢插叕鍙稿瓨绾�(x霉)锛屼箼鍏徃鍏ㄩ儴璩囩敘(ch菐n)骞跺叆鐢插叕鍙�锛屽苟娉ㄩ姺涔欏叕鍙告硶浜鸿硣鏍硷紝姝ら噸绲勯噰鐢ㄧ殑鏄�(銆€)鏂瑰紡銆�

A.鏂拌ō(sh猫)鍚堝苟

B.鍚告敹鍚堝苟

C.鏀惰臣

D.鍥炶臣

銆庢纰虹瓟妗堛€廈

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡浼佹キ(y猫)閲嶇祫鏂瑰紡涓殑鍚告敹鍚堝苟銆傚惛鏀跺悎骞跺嵆鍏煎苟锛屾槸鎸囦竴鍊嬩紒妤�(y猫)璩艰卜鍏朵粬浼佹キ(y猫)鐨勭敘(ch菐n)娆�(qu谩n)锛屽苟浣垮叾浠栦紒妤�(y猫)澶卞幓娉曚汉璩囨牸鐨勪竴绋稉(j墨ng)婵熻鐐�銆�

銆愪緥椤�·鍠伕椤屻€戞煇鏃呮父闆嗗湗鍏徃浠ユ湰鍏徃鏃椾笅鐨勪竴鍊嬮厭妯撶殑璩囩敘(ch菐n)浣滅偤鍑鸿硣锛屾柊绲勫缓涓€鍊嬫湁闄愯铂浠诲叕鍙�锛岄泦鍦樺叕鍙告搧鏈夋柊鍏徃54%鐨勮偂娆�(qu谩n)锛屾闋呴噸绲勫爆浜�(銆€)銆�

A.璩囩敘(ch菐n)缃彌

B.浠ヨ偂鎶靛偟

C.鍒嗘媶

D.鍑哄敭

銆庢纰虹瓟妗堛€廋

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡鍒嗘媶銆傚垎鎷嗕篃绋辨寔鑲″垎绔�锛屾槸灏囧叕鍙哥殑涓€閮ㄥ垎鍒嗙珛鐐轰竴鍊嬬崹绔嬬殑鏂板叕鍙哥殑鍚屾檪锛屼互鏂板叕鍙哥殑鍚嶇京灏嶅鐧�(f膩)琛岃偂绁�锛岃€屽師鍏徃浠嶆寔鏈夋柊鍏徃鐨勯儴鍒嗚偂绁�銆�

2019骞翠腑绱氱稉(j墨ng)婵熷斧鍌欒€冧腑锛岀偤閬垮厤鑰冪敓閷亷涓礆缍�(j墨ng)婵熷斧鑰冭│锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍＄壒鎺ㄥ嚭“ 鍏嶈不闋�(y霉)绱勭煭淇℃彁閱�”涓€缍�(j墨ng)闋�(y霉)瑷�锛屽眴鏅傜挵(hu谩n)鐞冪恫(w菐ng)鏍℃渻鐐哄ぇ瀹舵帹閫�2019骞翠腑绱氱稉(j墨ng)婵熷斧婧栬€冭瓑鎵撳嵃鏅傞枔銆佽€冭│鏅傞枔鎻愰啋锛岀⒑淇濆ぇ瀹堕爢鍒╁弮鑰冿紒

灏忕法鍒嗕韩鐨�“2019骞翠腑绱氱稉(j墨ng)婵熷斧銆婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京锛氱鍏珷”渚涘ぇ瀹跺弮鑰�锛屼互涓嬪皬绶ㄧ偤澶у婧栧倷浜嗕腑绱氱稉(j墨ng)婵熷斧鍌欒€冪簿鑿硣鏂�锛岄粸鎿婁互涓�“璩囨枡涓嬭級”鍗冲彲鍏嶈不鐛插彇鍝�!