2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯€婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京锛氱鍏珷

鐩搁棞(gu膩n)鎺ㄨ枽锛�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯€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�(c谩i)鍕�(w霉)绠＄悊鐨勫熀鏈児(ji脿)鍊艰蹇�

銆愮煡璀�(sh铆)榛�(di菐n)銆戣波骞ｇ殑鏅�(sh铆)闁撳児(ji脿)鍊艰蹇�

(涓€)璨ㄥ梗鐨勬檪(sh铆)闁撳児(ji脿)鍊兼蹇� (绨�(ji菐n)鍠簡瑙�)

璨ㄥ梗鐨勬檪(sh铆)闁撳児(ji脿)鍊煎師鐞嗘槸璨�(c谩i)鍕�(w霉)姹虹瓥鐨勫熀绀�(ch菙)銆�

璩囬噾鏅�(sh铆)闁撳児(ji脿)鍊兼湁鍏╃ó琛ㄧ従(xi脿n)褰㈠紡锛氬叾涓€鏄浉灏�(du矛)鏁�(sh霉)锛屽嵆鏅�(sh铆)闁撳児(ji脿)鍊肩巼锛屾槸鎵ｉ櫎棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰拰閫氳波鑶ㄨ劰鍥犵礌鍚庣殑骞冲潎璩囬噾鍒╂饯(r霉n)鐜囨垨骞冲潎鍫�(b脿o)閰巼;鍏朵簩鏄禃灏�(du矛)鏁�(sh霉)锛屽嵆鏅�(sh铆)闁撳児(ji脿)鍊奸锛屾槸涓€瀹氭暩(sh霉)椤嶇殑璩囬噾鑸囨檪(sh铆)闁撳児(ji脿)鍊肩巼鐨勪箻绌嶃€�

鍦ㄤ笉鑰冩叜棰�(f膿ng)闅�(xi菐n)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(sh铆)闁撳児(ji脿)鍊笺€�

銆愮煡璀�(sh铆)榛�(di菐n)銆戦ⅷ(f膿ng)闅�(xi菐n)鍍�(ji脿)鍊艰蹇�

(涓€)棰�(f膿ng)闅�(xi菐n)鍍�(ji脿)鍊兼蹇�

棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰�锛屾槸鎸囨姇璩囪€呯敱浜庡啋钁楅ⅷ(f膿ng)闅�(xi菐n)閫�(j矛n)琛屾姇璩囪€岀嵅寰楃殑瓒呴亷(gu貌)璩囬噾鐨勬檪(sh铆)闁撳児(ji脿)鍊肩殑椤嶅鏀剁泭銆�

棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰湁鍏╃ó琛ㄧず鏂规硶锛氶ⅷ(f膿ng)闅�(xi菐n)鍫�(b脿o)閰鍜岄ⅷ(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼銆�

鍦ㄨ病(c谩i)鍕�(w霉)绠＄悊涓�锛岄ⅷ(f膿ng)闅�(xi菐n)鍫�(b脿o)閰€氬父鐢ㄧ浉灏�(du矛)鏁�(sh霉)——棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼渚�(l谩i)瑷�(j矛)閲�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(b脿o)閰巼鍖呮嫭鍏╅儴鍒嗭細涓€鏄硣閲戠殑鏅�(sh铆)闁撳児(ji脿)鍊�锛屽畠鏄笉鑰冩叜鎶曡硣棰�(f膿ng)闅�(xi菐n)鑰屽緱鍒扮殑鍍�(ji脿)鍊�锛屽嵆鐒�(w煤)棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼;浜屾槸棰�(f膿ng)闅�(xi菐n)鍍�(ji脿)鍊�锛屽嵆棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼銆�

鎶曡硣蹇呰鍫�(b脿o)閰巼=璩囬噾鏅�(sh铆)闁撳児(ji脿)鍊�(鐒�(w煤)棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼)+棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼

涓€鑸儏娉佷笅锛屽彲浠ュ皣璩�(g貌u)璨�(m菐i)鍦�(gu贸)鍌电殑鏀剁泭鐜囩湅鎴愭槸鐒�(w煤)棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼銆�

棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼楂樹綆鑸囬ⅷ(f膿ng)闅�(xi菐n)澶у皬鏈夐棞(gu膩n)锛岄ⅷ(f膿ng)闅�(xi菐n)瓒婂ぇ锛岃姹傜殑鍫�(b脿o)閰巼瓒婂ぇ銆�

銆愪緥椤�·鍠伕椤屻€�(2016)M鍏徃寰濶鍏徃绉熷叆鏁�(sh霉)鎺ф(j墨)搴婁竴鑷�(t谩i)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�(w脿n)鍏冿紝鍋囧畾骞村京(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�(j矛)鐐�(銆€)钀�(w脿n)鍏�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(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼鍙互鐢ㄩⅷ(f膿ng)闅�(xi菐n)鍫�(b脿o)閰郴鏁�(sh霉)鑸�(銆€)鐨勪箻绌嶈▓(j矛)绠楀緱鍑�銆�

A.妯�(bi膩o)婧�(zh菙n)闆㈠樊鐜�

B.鏅�(sh铆)闁撳児(ji脿)鍊肩巼

C.鐒�(w煤)棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼

D.蹇呰鍫�(b脿o)閰巼

銆庢纰虹瓟妗堛€廇

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼鐨勮▓(j矛)绠�銆傞ⅷ(f膿ng)闅�(xi菐n)鍫�(b脿o)閰巼=棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰郴鏁�(sh霉)×妯�(bi膩o)婧�(zh菙n)闆㈠樊鐜�銆�

銆愪緥椤�·鍠伕椤屻€戝亣瑷�(sh猫)闁�(k膩i)鐧�(f膩)鏌愮敘(ch菐n)鍝佺殑鏈熸湜鍫�(b脿o)閰巼鐐�25%锛屾(bi膩o)婧�(zh菙n)闆㈠樊鐐�15%銆傚墖闁�(k膩i)鐧�(f膩)瑭茬敘(ch菐n)鍝佺殑鏈熸湜鍫�(b脿o)閰巼鐨勬(bi膩o)婧�(zh菙n)闆㈠樊鐜囩偤(銆€)銆�

A.10%

B.40%

C.60%

D.167%

銆庢纰虹瓟妗堛€廋

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡妯�(bi膩o)婧�(zh菙n)闆㈠樊鐜囩殑瑷�(j矛)绠椼€傛(bi膩o)婧�(zh菙n)闆㈠樊鐜囩殑瑷�(j矛)绠楀叕寮忕偤锛歏=δ/K銆傛(bi膩o)婧�(zh菙n)闆㈠樊鐜�=15%/25%=60%銆�

2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冧腑锛岀偤閬垮厤鑰冪敓閷�(cu貌)閬�(gu貌)涓礆(j铆)缍�(j墨ng)婵�(j矛)甯€冭│锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍＄壒鎺ㄥ嚭“ 鍏嶈不(f猫i)闋�(y霉)绱勭煭淇℃彁閱�”涓€缍�(j墨ng)闋�(y霉)瑷�锛屽眴鏅�(sh铆)鐠�(hu谩n)鐞冪恫(w菐ng)鏍℃渻(hu矛)鐐哄ぇ瀹舵帹閫�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯簴(zh菙n)鑰冭瓑鎵撳嵃鏅�(sh铆)闁撱€佽€冭│鏅�(sh铆)闁撴彁閱�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�(j铆)缍�(j墨ng)婵�(j矛)甯€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�(zh菙n)鍌欎簡涓礆(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冪簿鑿硣鏂欙紝榛�(di菐n)鎿婁互涓�“璩囨枡涓嬭級”鍗冲彲鍏嶈不(f猫i)鐛插彇鍝�!

鐩搁棞(gu膩n)鎺ㄨ枽锛�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯€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�(sh铆)榛�(di菐n)銆戣硣鏈垚鏈�

璩囨湰鎴愭湰鏄紒妤�(y猫)绫岃硣鍜屼娇鐢ㄨ硣鏈€屾壙浠樼殑浠ｅ児(ji脿)銆傛铏曠殑璩囨湰鏄寚闀�(zh菐ng)鏈熻硣鏈�锛屽寘鎷偂娆�(qu谩n)璩囨湰鍜岄暦(zh菐ng)鏈熷偟鍕�(w霉)璩囨湰銆�

璩囨湰鎴愭湰寰炵禃灏�(du矛)閲忕殑妲�(g貌u)鎴愪締(l谩i)鐪�锛屽寘鎷敤璩囪不(f猫i)鐢ㄥ拰绫岃硣璨�(f猫i)鐢ㄥ叐閮ㄥ垎銆�

闀�(zh菐ng)鏈熻硣鏈殑鐢ㄨ硣璨�(f猫i)鐢ㄦ槸缍�(j墨ng)甯告€х殑锛岀睂璩囪不(f猫i)鐢ㄩ€氬父鏄湪绫岃硣鏅�(sh铆)涓€娆″叏閮ㄦ敮浠樼殑銆傝硣鏈垚鏈垎鐐哄€�(g猫)鍒ヨ硣鏈垚鏈拰缍滃悎璩囨湰鎴愭湰锛屼竴鑸敤鐩稿皪(du矛)鏁�(sh霉)琛ㄧず锛岀ū(ch膿ng)鐐哄€�(g猫)鍒ヨ硣鏈垚鏈巼鍜岀稖鍚堣硣鏈垚鏈巼銆�

銆愮煡璀�(sh铆)榛�(di菐n)銆戞潬妗跨悊璜�

璨�(c谩i)鍕�(w霉)绠＄悊鐨勬潬妗挎晥鎳�(y墨ng)琛ㄧ従(xi脿n)鐐猴細鐢变簬鐗瑰畾璨�(f猫i)鐢�(濡傚浐瀹氭垚鏈垨鍥哄畾璨�(c谩i)鍕�(w霉)璨�(f猫i)鐢�)鐨勫瓨鍦ㄨ€屽皫(d菐o)鑷寸殑銆佺暥(d膩ng)鏌愪竴璨�(c谩i)鍕�(w霉)璁婇噺浠ヨ純灏忕殑骞呭害璁婂嫊(d貌ng)鏅�(sh铆)锛屽彟涓€鐩搁棞(gu膩n)璨�(c谩i)鍕�(w霉)璁婇噺浠ヨ純澶у箙搴﹁畩鍕�(d貌ng)銆�

(涓€)鐕�(y铆ng)妤�(y猫)鏉犳】(鎺屾彙)

鐕�(y铆ng)妤�(y猫)鏉犳】鍙堢ū(ch膿ng)缍�(j墨ng)鐕�(y铆ng)鏉犳】鎴栫嚐(y铆ng)閬�(y霉n)鏉犳】锛屾槸鎸囦紒妤�(y猫)鐢熺敘(ch菐n)缍�(j墨ng)鐕�(y铆ng)涓�锛岀敱浜庡浐瀹氭垚鏈瓨鍦�锛岀暥(d膩ng)閵�(xi膩o)鍞(鐕�(y铆ng)妤�(y猫)椤�)澧炴笡鏅�(sh铆)锛屾伅绋呭墠鐩堜綑鏈�(hu矛)鏈夋洿澶у箙搴︾殑澧炴笡锛屽畾閲忚　閲忛€欎竴绋嬪害鐢ㄧ嚐(y铆ng)妤�(y猫)鏉犳】绯绘暩(sh霉)銆�

鐕�(y铆ng)妤�(y猫)鏉犳】绯绘暩(sh霉)(DOL)锛屼篃绋�(ch膿ng)鐕�(y铆ng)妤�(y猫)鏉犳】绋嬪害锛屾槸鎭▍鍓嶇泩浣欑殑璁婂嫊(d貌ng)鐜囩浉鐣�(d膩ng)浜庨姺(xi膩o)鍞(鐕�(y铆ng)妤�(y猫)椤�)璁婂嫊(d貌ng)鐜囩殑鍊嶆暩(sh霉)锛岃▓(j矛)绠楀叕寮忕偤锛�

寮忎腑锛欴OL鐐虹嚐(y铆ng)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�(r霉n)绺介+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(d貌ng)椤�;S鐐虹嚐(y铆ng)妤�(y猫)椤�;鈻砈鐐虹嚐(y铆ng)妤�(y猫)椤嶇殑璁婂嫊(d貌ng)椤�銆�

(浜�)璨�(c谩i)鍕�(w霉)鏉犳】(鎺屾彙)

璨�(c谩i)鍕�(w霉)鏉犳】涔熺ū(ch膿ng)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�(d貌ng)鐜囧ぇ浜庢伅绋呭墠鐩堜綑鐜�(鎴栨伅绋呭墠鐩堜綑)璁婂嫊(d貌ng)鐜囩殑鐝�(xi脿n)璞�銆傚畾閲忚　閲忓奖闊跨▼搴︾敤璨�(c谩i)鍕�(w霉)鏉犳】绯绘暩(sh霉)銆�

璨�(c谩i)鍕�(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(d貌ng)鐜囪垏鎭▍鍓嶇泩浣欒畩鍕�(d貌ng)鐜囩殑姣斿€�銆傚叾娓�(c猫)绠楀叕寮忕偤锛�

寮忎腑锛欴FL鐐鸿病(c谩i)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(d貌ng)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(d貌ng)椤�;EPS鐐烘櫘閫氳偂姣忚偂绋呭悗鍒╂饯(r霉n)椤嶃€�

銆愮煡璀�(sh铆)榛�(di菐n)銆戣硣鏈祼(ji茅)妲�(g貌u)鐞嗚珫

璩囨湰绲�(ji茅)妲�(g貌u)鏄寚浼佹キ(y猫)鍚勭ó璩囬噾渚�(l谩i)婧愮殑妲�(g貌u)鎴愬強鍏舵瘮渚嬮棞(gu膩n)绯�锛屽叾涓渶閲嶈鐨勬瘮渚嬫槸璨�(f霉)鍌垫瘮鐜�銆�

(涓€)鏃╂湡璩囨湰绲�(ji茅)妲�(g貌u)鐞嗚珫(浜嗚В)

1.鍑堟敹鐩婅榛�(di菐n)

鍦ㄥ叕鍙哥殑璩囨湰绲�(ji茅)妲�(g貌u)涓紝鍌靛嫏(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(r霉n)灏辫秺澶氾紝寰炶€屽叕鍙哥殑鍍�(ji脿)鍊煎氨瓒婇珮銆�

2.鍑堢嚐(y铆ng)妤�(y猫)鏀剁泭瑙€榛�(di菐n)

鍦ㄥ叕鍙哥殑璩囨湰绲�(ji茅)妲�(g貌u)涓紝鍌靛嫏(w霉)璩囨湰鐨勫灏�銆佹瘮渚嬬殑楂樹綆锛岃垏鍏徃鐨勫児(ji脿)鍊兼矑(m茅i)鏈夐棞(gu膩n)绯�銆傛焙瀹氬叕鍙稿児(ji脿)鍊肩殑鐪熸鍥犵礌锛屾噳(y墨ng)瑭叉槸鍏徃鐨勫噲鐕�(y铆ng)妤�(y猫)鏀剁泭銆�

3.鍌崇当(t菕ng)瑙€榛�(di菐n)

鎸夌収閫欑ó瑙€榛�(di菐n)锛屽鍔犲偟鍕�(w霉)璩囨湰灏�(du矛)鎻愰珮鍏徃鍍�(ji脿)鍊兼槸鏈夊埄鐨�锛屼絾鍌靛嫏(w霉)璩囨湰瑕�(gu墨)妯″繀闋堥仼搴�銆傚鏋滃叕鍙歌矤(f霉)鍌甸亷(gu貌)搴�锛岀稖鍚堣硣鏈垚鏈巼灏辨渻(hu矛)鍗囬珮锛屽苟浣垮叕鍙稿児(ji脿)鍊间笅闄�銆�

(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�(w煤)绋呮敹銆佽硣鏈彲浠ヨ嚜鐢辨祦閫氥€佸厖鍒嗙(j矛ng)鐖�(zh膿ng)銆侀爯(y霉)鏈熷牨(b脿o)閰巼鐩稿悓涓嬬殑璀夊埜鍍�(ji脿)鏍肩浉鍚�銆佸畬鍏ㄤ俊鎭€佸埄鐜囦竴鑷�銆侀珮搴﹀畬鍠勫拰鍧囪　鐨勮硣鏈競鍫�(ch菐ng)绛変竴绯诲垪鍋囪ō(sh猫)姊濅欢涓�,鎻愬嚭浜嗗叐鍊�(g猫)閲嶈鍛介锛�

鍛介I——鐒�(w煤)璜栧叕鍙告湁鐒�(w煤)鍌垫瑠(qu谩n)璩囨湰,鍏跺児(ji脿)鍊�(鏅€氳偂璩囨湰鑸囬暦(zh菐ng)鏈熷偟娆�(qu谩n)璩囨湰鐨勫競鍫�(ch菐ng)鍍�(ji脿)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�(r霉n))鎸夐仼鍚堣┎鍏徃棰�(f膿ng)闅�(xi菐n)绛夌礆(j铆)鐨勫繀瑕佸牨(b脿o)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(ji脿)鍊间笉鏈�(hu矛)鍙楄硣鏈祼(ji茅)妲�(g貌u)鐨勫奖闊�銆�

鍛介鈪�——鍒╃敤璨�(c谩i)鍕�(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�锛屽洜姝ゅ叕鍙哥殑甯傚牬(ch菐ng)鍍�(ji脿)鍊间笉鏈�(hu矛)闅ㄥ偟娆�(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�(l谩i)鐨勮病(c谩i)鍕�(w霉)鏉犳】鍒╃泭鏈�(hu矛)琚偂娆�(qu谩n)璩囨湰鎴愭湰鐜囩殑涓婂崌鑰屾姷娑�銆傚湪娌�(m茅i)鏈変紒妤�(y猫)鍜屽€�(g猫)浜烘墍寰楃▍鐨勬儏娉佷笅锛岄ⅷ(f膿ng)闅�(xi菐n)鐩稿悓鐨勪紒妤�(y猫)锛屽叾鍍�(ji脿)鍊间笉鍙楄矤(f霉)鍌靛拰璨�(f霉)鍌电▼搴︾殑褰遍熆銆�

(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(f膿ng)闅�(xi菐n)鏄病(c谩i)鍕�(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毃涔嬫彁鍗囷紝鍌垫瑠(qu谩n)浜烘渻(hu矛)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(d膩n)锛屽叕鍙歌硣鏈祼(ji茅)妲�(g貌u)涓偟娆�(qu谩n)姣旂巼閬�(gu貌)楂樻渻(hu矛)灏�(d菐o)鑷磋偂鏉卞児(ji脿)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�(hu矛)澧炲姞鑲℃澅鐨勫児(ji脿)鍊�銆�

2.鍟勫簭鐞嗚珫

瑭茬悊璜栬獚(r猫n)鐐哄叕鍙稿偩鍚戜簬棣栧厛閲囩敤鍏�(n猫i)閮ㄧ睂璩囷紝鍥犺€屼笉鏈�(hu矛)鍌抽仦浠讳綍鍙兘灏�(du矛)鑲″児(ji脿)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(hu矛)鍌抽仦灏�(du矛)鍏徃鑲″児(ji脿)鐢�(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�(bi膩o)璩囨湰绲�(ji茅)妲�(g貌u)銆�

3.鍕�(d貌ng)鎱�(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紝鐧�(f膩)鐝�(xi脿n)鍗充娇寰堝皬鐨勮(di脿o)鏁存垚鏈篃鏈�(hu矛)浣垮叕鍙哥殑璨�(f霉)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(d膩ng)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(l谩i)鐨勫叕鍙稿児(ji脿)鍊兼悕澶辨檪(sh铆)锛屽叕鍙哥殑瀵�(sh铆)闅涜硣鏈祼(ji茅)妲�(g貌u)灏辨渻(hu矛)鍚戝叾鏈€鍎�(y艒u)璩囨湰绲�(ji茅)妲�(g貌u)鐙€鎱�(t脿i)閫�(j矛n)琛岃(di脿o)鏁�;鍚﹀墖锛屽叕鍙稿皣涓嶉€�(j矛n)琛岄€欑ó瑾�(di脿o)鏁�銆�

4.甯傚牬(ch菐ng)鎿囨檪(sh铆)鐞嗚珫銆傝┎鐞嗚珫鐮旂┒绲�(ji茅)璜栨槸锛屽湪鑲＄エ甯傚牬(ch菐ng)闈炵悊鎬�銆佸叕鍙歌偂鍍�(ji脿)琚珮浼版檪(sh铆)锛岀悊鎬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�(gu貌)搴︾啽鎯�;鐣�(d膩ng)鑲＄エ琚亷(gu貌)鍒嗕綆浼版檪(sh铆)锛岀悊鎬х殑绠＄悊鑰呮噳(y墨ng)瑭插洖璩�(g貌u)鑲＄エ銆�

銆愮煡璀�(sh铆)榛�(di菐n)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�(c谩i)鍕�(w霉)鐩(bi膩o)銆佺稉(j墨ng)鐕�(y铆ng)鐙€娉佺殑绌�(w臎n)瀹氭€у拰鎴愰暦(zh菐ng)鎬�銆佷紒妤�(y猫)鐨勮病(c谩i)鍕�(w霉)鐙€娉佸拰淇＄敤绛夌礆(j铆)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�(d膩ng)灞€鐨勬厠(t脿i)搴�銆佽妤�(y猫)鐗瑰緛鍙婄櫦(f膩)灞曞懆鏈熴€佺稉(j墨ng)婵�(j矛)鐠�(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(c谩i)鍕�(w霉)棰�(f膿ng)闅�(xi菐n)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庯紝鍚屾檪(sh铆)浣夸紒妤�(y猫)鍍�(ji脿)鍊兼渶澶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(c谩i)鍕�(w霉)棰�(f膿ng)闅�(xi菐n)鐨勬浠朵笅锛屾脯(c猫)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(bi膩o)婧�(zh菙n)鐩镐簰姣旇純纰哄畾鏈€浣宠硣鏈祼(ji茅)妲�(g貌u)鐨勬柟娉曘€�

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骞达紝璨告骞村埄鐜囩偤6.5%锛岀磩瀹氭瘡骞翠粯鎭竴娆�锛屽埌鏈熶竴娆℃€ч倓鏈�銆傚亣瑷�(sh猫)绫岃硣璨�(f猫i)鐢ㄧ巼鐐�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�(zh菐ng)鏈熷€熸鐨勮硣鏈垚鏈巼鐨勮▓(j矛)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�(f猫i)鐢ㄧ巼)]=[2×6.5%×(1-25%)]/[2×(1-0.5%)]=4.9%銆�

銆愪緥椤�·澶氶伕椤屻€戝湪娓�(c猫)绠椾笉鍚岀睂璩囨柟寮忕殑璩囨湰鎴愭湰鏅�(sh铆)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�(zh菐ng)鏈熷€熸銆€銆€B.闀�(zh菐ng)鏈熷偟鍒搞€€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�(zh菐ng)鏈熷偟鍕�(w霉)璩囨湰鎴愭湰鐜囩殑娓�(c猫)绠�銆傞伕闋�(xi脿ng)CDE閮戒笉鑰冩叜绋呮敹鎶垫墸鍥犵礌锛岄€欓€氶亷(gu貌)瀹冨€戝悇鑷▓(j矛)绠楄硣鏈垚鏈巼鐨勫叕寮忓彲浠ョ湅鍑恒€�

銆愪緥椤�·鍠伕椤屻€戣病(c谩i)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�(y铆ng)璨�(f猫i)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�

銆庢纰虹瓟妗堛€廌

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡璨�(c谩i)鍕�(w霉)鏉犳】銆傝病(c谩i)鍕�(w霉)鏉犳】涔熺ū(ch膿ng)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�(d貌ng)鐜囧ぇ浜庢伅绋呭墠鐩堜綑鐜�(鎴栨伅绋呭墠鐩堜綑)璁婂嫊(d貌ng)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�銆佽偂娆�(qu谩n)绫岃硣銆佸偟娆�(qu谩n)绫岃硣

C.鍏�(n猫i)閮ㄧ睂璩囥€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

銆庣瓟妗堣В鏋愩€忔牴鎿�(j霉)璩囨湰绲�(ji茅)妲�(g貌u)鐨勫晞搴忕悊璜�锛屽叕鍙搁伕鎿囩睂璩囨柟寮忕殑闋嗗簭渚濇鏄収(n猫i)閮ㄧ睂璩�銆佸偟娆�(qu谩n)绫岃硣銆佽偂娆�(qu谩n)绫岃硣銆�

2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冧腑锛岀偤閬垮厤鑰冪敓閷�(cu貌)閬�(gu貌)涓礆(j铆)缍�(j墨ng)婵�(j矛)甯€冭│锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍＄壒鎺ㄥ嚭“ 鍏嶈不(f猫i)闋�(y霉)绱勭煭淇℃彁閱�”涓€缍�(j墨ng)闋�(y霉)瑷�锛屽眴鏅�(sh铆)鐠�(hu谩n)鐞冪恫(w菐ng)鏍℃渻(hu矛)鐐哄ぇ瀹舵帹閫�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯簴(zh菙n)鑰冭瓑鎵撳嵃鏅�(sh铆)闁�銆佽€冭│鏅�(sh铆)闁撴彁閱�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�(j铆)缍�(j墨ng)婵�(j矛)甯€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�(zh菙n)鍌欎簡涓礆(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冪簿鑿硣鏂欙紝榛�(di菐n)鎿婁互涓�“璩囨枡涓嬭級”鍗冲彲鍏嶈不(f猫i)鐛插彇鍝�!

鐩搁棞(gu膩n)鎺ㄨ枽锛�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯€婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京鍖附

绗笁绡€(ji茅)銆€鎶曡硣姹虹瓥

銆愮煡璀�(sh铆)榛�(di菐n)銆戝浐瀹氳硣鐢�(ch菐n)鎶曡硣姹虹瓥

(涓€)鐝�(xi脿n)閲戞祦閲忎及绠�

鎶曡硣涓殑鐝�(xi脿n)閲戞祦閲忔槸鎸囦竴瀹氭檪(sh铆)闁撳収(n猫i)鐢辨姇璩囧紩璧峰悇闋�(xi脿ng)鐝�(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�(ch膿ng)銆�

瑁�(b菙)鍏呰硣鏂欙細

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�锛岃€屼笖閭勫寘鎷爡(xi脿ng)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�(ji脿)鍊笺€備緥濡�锛屼竴鍊�(g猫)闋�(xi脿ng)鐩渶瑕佷娇鐢ㄥ師鏈夌殑寤犳埧銆佽ō(sh猫)鍌�銆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�(ji脿)鍊�锛岃€屼笉鏄超闈㈠児(ji脿)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�銆�

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(xi脿ng)鐩湡闁�锛屽皣鐝�(xi脿n)閲戞祦閲忓垎鐐哄垵濮嬬従(xi脿n)閲戞祦閲忋€佺嚐(y铆ng)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�銆�

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(k膩i)濮嬫姇璩囨檪(sh铆)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(d貌ng)璩囩敘(ch菐n)鎶曡硣椤�;

(3)鍏朵粬鎶曡硣璨�(f猫i)鐢�;

(4)鍘熸湁鍥哄畾璩囩敘(ch菐n)鐨勮畩鍍�(ji脿)鏀跺叆銆�

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(d貌ng)璩囩敘(ch菐n)鎶曡硣椤�+鍏朵粬鎶曡硣璨�(f猫i)鐢�-鍘熸湁鍥哄畾璩囩敘(ch菐n)鐨勮畩鍍�(ji脿)鏀跺叆

2.鐕�(y铆ng)妤�(y猫)鐝�(xi脿n)閲戞祦閲�

鐕�(y铆ng)妤�(y猫)鐝�(xi脿n)閲戞祦閲忔槸鎸囨姇璩囬爡(xi脿ng)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�(y铆ng)鎵€甯朵締(l谩i)鐨勭従(xi脿n)閲戞祦鍏ュ拰娴佸嚭鐨勬暩(sh霉)閲忋€備竴鑸寜骞村害閫�(j矛n)琛岃▓(j矛)绠�銆�

涓€鑸ō(sh猫)瀹氭姇璩囬爡(xi脿ng)鐩殑姣忓勾閵�(xi膩o)鍞敹鍏ョ偤鐕�(y铆ng)妤�(y猫)鐝�(xi脿n)閲戞祦鍏ワ紝浠樼従(xi脿n)鎴愭湰(闇€瑕佺暥(d膩ng)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(y铆ng)妤�(y猫)鐝�(xi脿n)閲戞祦鍑洪噺锛�

姣忓勾鍑堢嚐(y铆ng)妤�(y猫)鐝�(xi脿n)閲戞祦閲�(NCF)=姣忓勾?du矛)I妤�(y猫)鏀跺叆-浠樼従(xi脿n)鎴愭湰-鎵€寰楃▍

=鐕�(y铆ng)妤�(y猫)鏀跺叆-(鐕�(y铆ng)妤�(y猫)鎴愭湰-鎶樿垔)-鎵€寰楃▍

=鐕�(y铆ng)妤�(y猫)鏀跺叆-鐕�(y铆ng)妤�(y猫)鎴愭湰-鎵€寰楃▍+鎶樿垔

姣忓勾鍑堢嚐(y铆ng)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(xi脿ng)鐩畬绲�(ji茅)鏅�(sh铆)鎵€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(ji脿)鏀跺叆;

(2)鍘熶締(l谩i)澧婃敮鍦ㄥ悇绋祦鍕�(d貌ng)璩囩敘(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(ji脿)鏀跺叆绛�銆�

銆愪緥16銆慡鍏徃婧�(zh菙n)鍌欎笂涓€鍊�(g猫)鏂扮敘(ch菐n)鍝佺殑鐢熺敘(ch菐n)闋�(xi脿ng)鐩�锛岄爡(xi脿ng)鐩殑缍�(j墨ng)婵�(j矛)澹藉懡鐐�5骞�銆傞爡(xi脿ng)鐩浐瀹氳硣鐢�(ch菐n)鎶曡硣鍖呮嫭寤洪€犲粻鎴�96钀�(w脿n)鍏�锛岃臣(g貌u)缃ō(sh猫)鍌欑偤64钀�(w脿n)鍏�銆傞噰鐢ㄧ洿绶氭硶鎶樿垔锛岀劇(w煤)娈樺€�銆傛祦鍕�(d貌ng)璩囩敘(ch菐n)鎶曡硣椤嶇偤40钀�(w脿n)鍏�銆傞爡(xi脿ng)鐩祩绲�(ji茅)鏅�(sh铆)寤犳埧鎸�30钀�(w脿n)鍏冨敭鍑恒€傞爡(xi脿ng)鐩缓鎴愭姇鐢�(ch菐n)鍚�锛岄爯(y霉)瑷�(j矛)骞撮姺(xi膩o)鍞澧炲姞320钀�(w脿n)鍏�锛屾瘡骞村浐瀹氭垚鏈�(涓嶅寘鎷姌鑸�)澧炲姞62钀�(w脿n)鍏�锛岃畩鍕�(d貌ng)鎴愭湰绺介澧炲姞192钀�(w脿n)鍏�銆傝ō(sh猫)绋呯巼鐐�25%銆傝│瑷�(j矛)绠楃従(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�(w脿n)鍏�)

鐕�(y铆ng)妤�(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�(w脿n)鍏�)

绋呭悗鍒╂饯(r霉n)+鎶樿垔=[320-(62+192+26)]×(1-25%)+26=56(钀�(w脿n)鍏�)

绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲忕偤锛�30+40=70(钀�(w脿n)鍏�)

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�(xi脿ng)鐩浉闂�(gu膩n)鐨勭従(xi脿n)閲戞祦閲�銆�

銆愮煡璀�(sh铆)榛�(di菐n)銆戦暦(zh菐ng)鏈熻偂娆�(qu谩n)鎶曡硣姹虹瓥

璀夊埜鎶曡硣鎸夋檪(sh铆)闁撻暦(zh菐ng)鐭彲鍒嗙偤闀�(zh菐ng)鏈熸姇璩囧拰鐭湡鎶曡硣锛屾寜鍝佺ó鍙垎鐐鸿偂娆�(qu谩n)椤�(l猫i)璀夊埜鎶曡硣鍜屽偟娆�(qu谩n)椤�(l猫i)璀夊埜鎶曡硣銆傛铏曞彧瑷庤珫闀�(zh菐ng)鏈熻偂娆�(qu谩n)鎶曡硣銆�

(涓€)闀�(zh菐ng)鏈熻偂娆�(qu谩n)鎶曡硣鐨勭壒寰�

闀�(zh菐ng)鏈熻偂娆�(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�(d膩n)鐩告噳(y墨ng)鐨勯ⅷ(f膿ng)闅�(xi菐n)銆�

闀�(zh菐ng)鏈熻偂娆�(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�(xi脿ng)璩囩敘(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�(j矛)鍒╃泭涓嶅悓浜庡叾浠栬硣鐢�(ch菐n)鐐轰紒妤�(y猫)甯朵締(l谩i)鐨勭稉(j墨ng)婵�(j矛)鍒╃泭锛屼富瑕佹槸閫氶亷(gu貌)鍒嗛厤渚�(l谩i)澧炲姞璨�(c谩i)瀵屻€佸垎鏁ｉⅷ(f膿ng)闅�(xi菐n)鎴栬瑎姹傚叾浠栧埄鐩�銆�

(浜�)闀�(zh菐ng)鏈熻偂娆�(qu谩n)鎶曡硣鐨勯ⅷ(f膿ng)闅�(xi菐n)鍙婃帶鍒�

鐐轰簡闃茶寖鏈夐棞(gu膩n)闀�(zh菐ng)鏈熻偂娆�(qu谩n)鎶曡硣鐨勯ⅷ(f膿ng)闅�(xi菐n)锛屼紒妤�(y猫)鎳�(y墨ng)鐣�(d膩ng)鎸夌収銆婁紒妤�(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(zh菐ng)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(z茅)鍒嗗伐鑸囨巿娆�(qu谩n)鎵规簴(zh菙n)銆備紒妤�(y猫)鎳�(y墨ng)鐣�(d膩ng)寤虹珛鎶曡硣妤�(y猫)鍕�(w霉)鐨勫礂浣嶈铂(z茅)浠诲埗锛屾槑纰虹浉闂�(gu膩n)閮ㄩ杸(m茅n)鍜屽礂浣嶇殑鑱疯铂(z茅)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�(d膩ng)鍖呮嫭锛氭姇璩囬爡(xi脿ng)鐩殑鍙鎬х爺绌惰垏瑭�(p铆ng)浼�;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�(j墨)鏁堣⿻(p铆ng)浼拌垏鍩�(zh铆)琛屻€�

(2)鍙鎬х爺绌�銆佽⿻(p铆ng)浼拌垏姹虹瓥鎺у埗銆傞噸澶ф姇璩囬爡(xi脿ng)鐩�锛屾噳(y墨ng)鐣�(d膩ng)鏍规摎(j霉)鍏徃绔犵▼鍙婄浉鎳�(y墨ng)娆�(qu谩n)闄愬牨(b脿o)缍�(j墨ng)鑲℃澅澶ф渻(hu矛)鎴栬懀浜嬫渻(hu矛)鎵规簴(zh菙n)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�(j矛)鍔冩姇璩囦竴姊濇柊鐨勭敓鐢�(ch菐n)绶�锛岀敓鐢�(ch菐n)绶氬缓鎴愭姇鐢�(ch菐n)鍚�锛岄爯(y霉)瑷�(j矛)鍏徃骞撮姺(xi膩o)鍞澧炲姞1000钀�(w脿n)锛屽勾浠樼従(xi脿n)鎴愭湰澧炲姞750钀�(w脿n)锛屽勾鎶樿垔椤嶅鍔�50钀�(w脿n)鍏冿紝浼佹キ(y猫)鎵€寰楃▍绋呯巼鐐�25%锛屽墖瑭查爡(xi脿ng)鐩瘡骞�?du矛)I妤�(y猫)鍑堢従(xi脿n)閲戞祦閲忔槸(銆€)钀�(w脿n)鍏冦€�

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(y铆ng)妤�(y猫)鐝�(xi脿n)閲戞祦閲忕殑瑷�(j矛)绠�銆傜嚐(y铆ng)妤�(y猫)鍑堢従(xi脿n)閲戞祦閲�=鍑堝埄娼�(r霉n)+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�(w脿n)鍏�)銆�

銆愪緥椤�·澶氶伕椤屻€戝湪鎶曡硣姹虹瓥涓�锛岄爡(xi脿ng)鐩ⅷ(f膿ng)闅�(xi菐n)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(y铆ng)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�(xi脿ng)鐩ⅷ(f膿ng)闅�(xi菐n)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(xi脿ng)鐩殑鍙鎬�銆傜稉(j墨ng)娓�(c猫)绠�锛岄爡(xi脿ng)鐩殑缍�(j墨ng)婵�(j矛)澹藉懡5骞�锛岄爡(xi脿ng)鐩浐瀹氳硣鐢�(ch菐n)鎶曡硣椤嶇偤1000钀�(w脿n)鍏冿紝鏈熸湯娈樺€兼敹鍏ョ偤100钀�(w脿n)鍏�锛屾祦鍕�(d貌ng)璩囩敘(ch菐n)鎶曡硣100钀�(w脿n)鍏�;闋�(xi脿ng)鐩悇骞寸従(xi脿n)閲戞祦閲忚〃瑕�(ji脿n)琛�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�(ji脿n)琛�2銆�

琛�1闋�(xi脿ng)鐩悇骞寸従(xi脿n)閲戞祦閲忚〃 鍠綅锛氳惉(w脿n)鍏�

琛�2 鐝�(xi脿n)鍊肩郴鏁�(sh霉)琛�

1.瑭查爡(xi脿ng)鐩殑绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲忕偤(銆€)钀�(w脿n)鍏�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(xi脿ng)鐩畬绲�(ji茅)鏅�(sh铆)鎵€鐧�(f膩)鐢熺殑鐝�(xi脿n)閲戞祦閲忥紝鍖呮嫭锛氬浐瀹氳硣鐢�(ch菐n)鐨勬畼鍊兼敹鍏ユ垨璁婂児(ji脿)鏀跺叆;鍘熶締(l谩i)澧婃敮鍦ㄥ悇绋祦鍕�(d貌ng)璩囩敘(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(ji脿)鏀跺叆绛夈€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�(w脿n)鍏�;娴佸嫊(d貌ng)璩囩敘(ch菐n)鎶曡硣100钀�(w脿n)鍏冦€傛墍浠�锛岃┎闋�(xi脿ng)鐩殑绲傜祼(ji茅)鐝�(xi脿n)閲戞祦閲忕偤200钀�(w脿n)鍏冦€�

2.瑭查爡(xi脿ng)鐩殑鍑堢従(xi脿n)鍊肩偤(銆€)钀�(w脿n)鍏�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(l谩i)鍫�(b脿o)閰附鐝�(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�(w脿n)鍏�)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�(xi脿ng)鐩彲琛岀殑姊濅欢鏄噲鐝�(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�(bi膩o)銆傚湪鍙湁涓€鍊�(g猫)鍌欓伕鏂规鐨勯噰绱嶈垏鍚︽焙绛栦腑锛屽噲鐝�(xi脿n)鍊肩偤姝ｅ墖閲囩磵銆�

4.瑭�(p铆ng)鍍�(ji脿)瑭查爡(xi脿ng)鐩湪璨�(c谩i)鍕�(w霉)涓婃槸鍚﹀彲琛岋紝闄や簡瑷�(j矛)绠楅爡(xi脿ng)鐩殑鍑堢従(xi脿n)鍊�锛岄倓鍙互瑷�(j矛)绠楅爡(xi脿ng)鐩殑(銆€)銆�

A.鎶曡硣鍥炴敹鏈�

B.鍏�(n猫i)閮ㄥ牨(b脿o)閰巼

C.鐛插埄鎸囨暩(sh霉)

D.棰�(f膿ng)闅�(xi菐n)鍫�(b脿o)閰郴鏁�(sh霉)

銆庢纰虹瓟妗堛€廇BC

銆庣瓟妗堣В鏋愩€忔湰椤岃€冩煡璨�(c谩i)鍕�(w霉)鍙鎬ц⿻(p铆ng)鍍�(ji脿)鎸囨(bi膩o)銆傞潪璨肩従(xi脿n)鐝�(xi脿n)閲戞祦閲忔寚妯�(bi膩o)涓€鑸寘鎷姇璩囧洖鏀舵湡鍜屽钩鍧囧牨(b脿o)閰巼銆傝布鐝�(xi脿n)鐝�(xi脿n)閲戞祦閲忔寚妯�(bi膩o)鏄寚鑰冩叜璨ㄥ梗鏅�(sh铆)闁撳児(ji脿)鍊肩殑鎸囨(bi膩o)锛屽寘鎷噲鐝�(xi脿n)鍊�銆佸収(n猫i)閮ㄥ牨(b脿o)閰巼銆佺嵅鍒╂寚鏁�(sh霉)绛�銆�

2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冧腑锛岀偤閬垮厤鑰冪敓閷�(cu貌)閬�(gu貌)涓礆(j铆)缍�(j墨ng)婵�(j矛)甯€冭│锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍＄壒鎺ㄥ嚭“ 鍏嶈不(f猫i)闋�(y霉)绱勭煭淇℃彁閱�”涓€缍�(j墨ng)闋�(y霉)瑷�锛屽眴鏅�(sh铆)鐠�(hu谩n)鐞冪恫(w菐ng)鏍℃渻(hu矛)鐐哄ぇ瀹舵帹閫�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯簴(zh菙n)鑰冭瓑鎵撳嵃鏅�(sh铆)闁�銆佽€冭│鏅�(sh铆)闁撴彁閱�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�(j铆)缍�(j墨ng)婵�(j矛)甯€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(zh菙n)鍌欎簡涓礆(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冪簿鑿硣鏂�锛岄粸(di菐n)鎿婁互涓�“璩囨枡涓嬭級”鍗冲彲鍏嶈不(f猫i)鐛插彇鍝�!

鐩搁棞(gu膩n)鎺ㄨ枽锛�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯€婂伐鍟嗙鐞嗐€嬬珷绡€(ji茅)璎涚京鍖附

绗洓绡€(ji茅)銆€骞惰臣(g貌u)閲嶇祫

銆愮煡璀�(sh铆)榛�(di菐n)銆戝苟璩�(g貌u)閲嶇祫鍕�(d貌ng)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(bi膩o)锛岄亱(y霉n)鐢ㄨ硣鐢�(ch菐n)閲嶇祫銆佽矤(f霉)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(f霉)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(sh铆)鐝�(xi脿n)璩囨簮鍎�(y艒u)鍖栭厤缃€�

鍕�(d貌ng)鍥狅細

(1)瀹㈣鍕�(d貌ng)鍥狅細寰炰紒妤�(y猫)鐧�(f膩)灞曟湰韬嚭鐧�(f膩)鑰冩叜鐨勫嫊(d貌ng)鍥�銆�

(2)涓昏鍕�(d貌ng)鍥狅細浼佹キ(y猫)鎵€鏈夎€呫€佺鐞嗚€呭拰鐩(bi膩o)鍏徃绠＄悊鑰呭緸鍚勮嚜鍒╃泭鍑虹櫦(f膩)鑰冩叜鐨勫嫊(d貌ng)鍥�銆傚寘鎷細鎿�(ku貌)澶х鐞嗚€呰伔娆�(qu谩n)銆佷互骞惰臣(g貌u)妤�(y猫)绺�(j墨)淇濋殰缍�(j墨ng)鐞嗚伔浣嶅強鑷垜瀵�(sh铆)鐝�(xi脿n)灞ゆ闇€瑕佺瓑銆�

銆愮煡璀�(sh铆)榛�(di菐n)銆戝苟璩�(g貌u)閲嶇祫鏂瑰紡鍙婃晥鎳�(y墨ng)

(涓€)鏀惰臣(g貌u)鑸囧吋骞�

1.浼佹キ(y猫)鏀惰臣(g貌u)鑸囦紒妤�(y猫)鍏煎苟鐨勫惈缇�(鎺屾彙)

鏀惰臣(g貌u)鍜屽吋骞舵槸浼佹キ(y猫)瀵�(sh铆)鏂藉姞閫熸摯(ku貌)寮垫埌(zh脿n)鐣ョ殑涓昏褰㈠紡銆�

·浼佹キ(y猫)鏀惰臣(g貌u)鏄寚涓€鍊�(g猫)浼佹キ(y猫)鐢ㄧ従(xi脿n)閲�銆佹湁鍍�(ji脿)璀夊埜绛夋柟寮忚臣(g貌u)璨�(m菐i)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�(du矛)瑭蹭紒妤�(y猫)鎺у埗娆�(qu谩n)鐨勪竴绋稉(j墨ng)婵�(j矛)琛岀偤銆�

·浼佹キ(y猫)鍏煎苟鏄寚涓€鍊�(g猫)浼佹キ(y猫)璩�(g貌u)璨�(m菐i)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�(j矛)琛岀偤銆�

·鍏煎苟涔熺ū(ch膿ng)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�(ch膿ng)鐐哄悎骞�銆�

2.浼佹キ(y猫)骞惰臣(g貌u)鐨勯(l猫i)鍨�(鎺屾彙)

3.骞惰臣(g貌u)鏁堟噳(y墨ng)(鎺屾彙)

(1)瀵�(sh铆)鐝�(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�(y铆ng)鍗�(xi茅)鍚�銆佽病(c谩i)鍕�(w霉)鍗�(xi茅)鍚�銆�

(2)瀵�(sh铆)鐝�(xi脿n)鎴�(zh脿n)鐣ラ噸绲�锛岄枊(k膩i)灞曞鍏冨寲缍�(j墨ng)鐕�(y铆ng)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�(sh铆)鐢�(ch菐n)娆�(qu谩n)銆佺鐞嗛殜(du矛)浼�銆佺爺鐧�(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(g貌u)浜嗗叾閻电煶渚涙噳(y墨ng)鍟�锛屾闋�(xi脿ng)骞惰臣(g貌u)灞簬(銆€)銆�

A.娣峰悎骞惰臣(g貌u)

B.鏉犳】骞惰臣(g貌u)

C.姗悜骞惰臣(g貌u)

D.绺卞悜骞惰臣(g貌u)

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(g貌u)?锛焩鍚戝苟璩�(g貌u)鍗宠檿浜庡悓椤�(l猫i)鐢�(ch菐n)鍝佷笖涓嶅悓鐢�(ch菐n)閵�(xi膩o)闅庢鐨勫叐鍊�(g猫)鎴栧鍊�(g猫)浼佹キ(y猫)鎵€閫�(j矛n)琛岀殑骞惰臣(g貌u)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(xi膩o)涔欏叕鍙告硶浜鸿硣鏍�锛屾閲嶇祫閲囩敤鐨勬槸(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(g貌u)

D.鍥炶臣(g貌u)

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�(g猫)浼佹キ(y猫)璩�(g貌u)璨�(m菐i)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�(j矛)琛岀偤銆�

銆愪緥椤�·鍠伕椤屻€戞煇鏃呮父闆嗗湗(tu谩n)鍏徃浠ユ湰鍏徃鏃椾笅鐨勪竴鍊�(g猫)閰掓〒鐨勮硣鐢�(ch菐n)浣滅偤鍑鸿硣锛屾柊绲勫缓涓€鍊�(g猫)鏈夐檺璨�(z茅)浠诲叕鍙革紝闆嗗湗(tu谩n)鍏徃鎿佹湁鏂板叕鍙�54%鐨勮偂娆�(qu谩n)锛屾闋�(xi脿ng)閲嶇祫灞簬(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�(ch膿ng)鎸佽偂鍒嗙珛锛屾槸灏囧叕鍙哥殑涓€閮ㄥ垎鍒嗙珛鐐轰竴鍊�(g猫)鐛�(d煤)绔嬬殑鏂板叕鍙哥殑鍚屾檪(sh铆)锛屼互鏂板叕鍙哥殑鍚嶇京灏�(du矛)澶栫櫦(f膩)琛岃偂绁紝鑰屽師鍏徃浠嶆寔鏈夋柊鍏徃鐨勯儴鍒嗚偂绁�銆�

2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冧腑锛岀偤閬垮厤鑰冪敓閷�(cu貌)閬�(gu貌)涓礆(j铆)缍�(j墨ng)婵�(j矛)甯€冭│锛岀挵(hu谩n)鐞冪恫(w菐ng)鏍＄壒鎺ㄥ嚭“ 鍏嶈不(f猫i)闋�(y霉)绱勭煭淇℃彁閱�”涓€缍�(j墨ng)闋�(y霉)瑷�锛屽眴鏅�(sh铆)鐠�(hu谩n)鐞冪恫(w菐ng)鏍℃渻(hu矛)鐐哄ぇ瀹舵帹閫�2019骞翠腑绱�(j铆)缍�(j墨ng)婵�(j矛)甯簴(zh菙n)鑰冭瓑鎵撳嵃鏅�(sh铆)闁�銆佽€冭│鏅�(sh铆)闁撴彁閱�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�(j铆)缍�(j墨ng)婵�(j矛)甯€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�(zh菙n)鍌欎簡涓礆(j铆)缍�(j墨ng)婵�(j矛)甯倷鑰冪簿鑿硣鏂�锛岄粸(di菐n)鎿婁互涓�“璩囨枡涓嬭級”鍗冲彲鍏嶈不(f猫i)鐛插彇鍝�!