AIеҗһжҺүзңҹдәәеү§зӣ®еӯҳиҙ§пјҡеӨ§жҷҹж–ҮеҢ–вҖңж‘ҳеёҪвҖқиғҢеҗҺи—ҸеӨҡйҮҚйЈҺйҷ©
2026-07-09 · 东海优配
жқҘжәҗпјҡ@еҚҺеӨҸж—¶жҠҘеҫ®еҚҡ еҚҺеӨҸж—¶жҠҘи®°иҖ… зҺӢ敬 еҢ—дә¬жҠҘйҒ“ 7жңҲ1ж—ҘпјҢ еӨ§жҷҹж–ҮеҢ– пјҲ600892.SHпјүжӯЈејҸж’Өй”ҖйҖҖеёӮйЈҺйҷ©иӯҰзӨәпјҢиҜҒеҲёз®Җз§°з”ұвҖң*
жқҘжәҗпјҡ@еҚҺеӨҸж—¶жҠҘеҫ®еҚҡ
еҚҺеӨҸж—¶жҠҘи®°иҖ… зҺӢ敬 еҢ—дә¬жҠҘйҒ“
7жңҲ1ж—ҘпјҢ еӨ§жҷҹж–ҮеҢ– пјҲ600892.SHпјүжӯЈејҸж’Өй”ҖйҖҖеёӮйЈҺйҷ©иӯҰзӨәпјҢиҜҒеҲёз®Җз§°з”ұвҖң*STеӨ§жҷҹвҖқжҒўеӨҚдёәвҖңеӨ§жҷҹж–ҮеҢ–вҖқпјҢж—Ҙж¶Ёи·Ңе№…йҷҗеҲ¶з”ұ5%ж”ҫе®ҪиҮі10%гҖӮеӨҚзүҢйҰ–ж—ҘпјҢе…¬еҸёиӮЎд»·й«ҳејҖеҶІй«ҳеҗҺйңҮиҚЎеӣһиҗҪпјҢжңҖз»Ҳ收жҠҘ3.61е…ғпјҢе°Ҹе№…дёҠж¶Ё0.84%гҖӮ
д»ҺвҖңжҠ«жҳҹжҲҙеёҪвҖқеҲ°йҮҚиҝ”AиӮЎжӯЈеёёйҳөиҗҘпјҢиҝҷ家公еҸёз”ЁдәҶдёҚеҲ°14дёӘжңҲгҖӮж”Ҝж’‘иҝҷеңәйҖҶиўӯзҡ„ж ёеҝғпјҢжҳҜ2025е№ҙеҗҢжҜ”жҡҙеўһ1309%зҡ„еҪұи§Ҷеү§жқҝеқ—гҖӮжӣҙеҮҶзЎ®ең°иҜҙпјҢжҳҜзғ§й’ұжҠ•жөҒжҚўжқҘзҡ„зҹӯеү§ж”¶е…ҘгҖӮ
6жңҲ29ж—ҘпјҢе…¬еҸёеҸ‘еёғдәҶеҜ№дёҠдәӨжүҖе№ҙжҠҘзӣ‘з®Ўй—®иҜўеҮҪзҡ„дёҮеӯ—еӣһеӨҚпјҢеҜ№еҪұи§ҶдёҡеҠЎжҡҙеўһгҖҒй”Җе”®иҙ№з”ЁйЈҷеҚҮгҖҒеӯҳиҙ§дёҺе•ҶиӘүеҮҸеҖјзӯүж ёеҝғй—®йўҳйҖҗдёҖеӣһеә”гҖӮд»ҺеӣһеӨҚеҶ…е®№зңӢпјҢзңӢдјјйқ“дёҪзҡ„вҖңдҝқеЈіжҲҗз»©еҚ•вҖқиғҢеҗҺпјҢйҡҗжӮЈе№¶жңӘж¶ҲйҷӨпјҡеӣӣеӯЈеәҰ收е…Ҙ1.31дәҝе…ғзІҫеҮҶи·ЁиҝҮ3дәҝе…ғвҖңеҸҠж јзәҝвҖқпјҢдҪҶ2026е№ҙдёҖеӯЈеәҰзҺҜжҜ”йӘӨйҷҚ42%иҮі0.76дәҝе…ғпјӣдә”ж¬ҫж ёеҝғжёёжҲҸе…ЁйғЁжӯҘе…ҘиЎ°йҖҖжңҹпјҢиҗҘдёҡ收е…ҘжҢҒз»ӯдёӢйҷҚгҖҒз»ҸиҗҘжҙ»еҠЁзҺ°йҮ‘жөҒйҮҸиҝһз»ӯдёәиҙҹпјӣжӯӨеӨ–пјҢAIеҠЁжј«гҖҒд»ҝзңҹдәәзҹӯеү§жӯЈеңЁеҝ«йҖҹдҫөиҡҖзңҹдәәзҹӯеү§зҡ„еёӮеңәз©әй—ҙпјҢе…¬еҸёеҲҡжҠ•е…ҘйҮҚйҮ‘еҲ¶дҪңзҡ„зңҹдәәзҹӯеү§пјҢе°ҡжңӘдёҠзәҝе°ұдёҚеҫ—дёҚи®ЎжҸҗеӨ§йўқеҮҸеҖјгҖӮ
дёӯеӣҪеҹҺеёӮеҸ‘еұ•з ”究йҷўжҠ•иө„йғЁеүҜдё»д»»иўҒеё…еҗ‘гҖҠеҚҺеӨҸж—¶жҠҘгҖӢи®°иҖ…жҢҮеҮәпјҢй«ҳејҖдҪҺиө°гҖҒйңҮиҚЎж”¶зәўжҳҜеёӮеңәйў„жңҹжҸҗеүҚж¶ҲеҢ–дёҺзҺ°е®һеҹәжң¬йқўеҚҡејҲзҡ„з»“жһңпјҡйғЁеҲҶиө„йҮ‘е·Із»ҸжҸҗеүҚеёғеұҖжҠўзӯ№пјҢйҖүжӢ©еҖҹеҲ©еҘҪе…‘зҺ°зҰ»еңәиҮҙж—©зӣҳдё»еҠӣеӨ§йўқжөҒеҮәпјҢиӮЎд»·еҶІй«ҳеӣһиҗҪпјӣеёӮеңәеҜ№е…¶дј°еҖјдҝқжҢҒе®Ўж…ҺпјҢиҷҪ2025е№ҙиҗҘ收гҖҒеҪұи§ҶдёҡеҠЎеӨ§е№…еўһй•ҝпјҢдҪҶе…¬еҸёд»ҚдәҸжҚҹжңӘжүӯдәҸпјҢиө„йҮ‘дёҚж„ҝжҢҒз»ӯеҒҡеӨҡпјҢиө°еҮәеҲ©еҘҪе…‘зҺ°еҲҶеҢ–иЎҢжғ…пјҢеҘ‘еҗҲд»…иҗҘ收иҫҫж ҮгҖҒжңӘзЁіе®ҡзӣҲеҲ©ж‘ҳеёҪиӮЎзҡ„жҷ®йҒҚиө°еҠҝгҖӮ
вҖңж‘ҳеёҪвҖқд№ӢеҗҺпјҢеӨ§жҷҹж–ҮеҢ–зҡ„зңҹе®һжҲҗиүІеҮ дҪ•пјҹзҹӯеү§зҡ„вҖңиҷҡзҒ«вҖқиғҪзғ§еӨҡд№…пјҹжёёжҲҸдёҡеҠЎдҪ•ж—¶жүҚиғҪжӯўи·ҢеӣһеҚҮпјҹиҝҷдәӣд»ҚжҳҜеёӮеңәе…іжіЁзҡ„з„ҰзӮ№гҖӮ
1.38дәҝе…ғзҹӯеү§жҠ•жөҒжҚў1.31дәҝе…ғ收е…Ҙ
еӣһйЎҫиҝҷеңәдҝқеЈіжҲҳпјҢеӨ§жҷҹж–ҮеҢ–еңЁ2024е№ҙеәҰеӣ вҖңеҲ©ж¶ҰжҖ»йўқдёәиҙҹдё”жүЈйҷӨеҗҺиҗҘ收дёҚи¶і3дәҝе…ғвҖқи§ҰеҸҠдёҠдәӨжүҖзӣёе…ідёҠеёӮ规еҲҷжқЎж¬ҫпјҢиҮӘ2025е№ҙ5жңҲ6ж—Ҙиө·иў«е®һж–ҪйҖҖеёӮйЈҺйҷ©иӯҰзӨәгҖӮ2025е№ҙе№ҙжҠҘжҳҫзӨәпјҢе…¬еҸёе®һзҺ°иҗҘдёҡ收е…Ҙ3.33дәҝе…ғпјҢеҗҢжҜ”еўһй•ҝ99.86%пјҢе…¶дёӯеӣӣеӯЈеәҰеҚ•еӯЈиҙЎзҢ®1.31дәҝе…ғгҖӮ
йҖҸиҝҮй—®иҜўеҮҪеӣһеӨҚеҸҜи§ҒпјҢиҝҷеңәиҗҘ收еҘҮиҝ№зҡ„з»қеҜ№дё»еҠӣжҳҜеҪұи§Ҷеү§дёҡеҠЎгҖӮиҜҘжқҝеқ—е…Ёе№ҙ收е…Ҙ1.71дәҝе…ғпјҢеҗҢжҜ”еўһе№…й«ҳиҫҫ1309.20%гҖӮе…¶дёӯпјҢзҹӯеү§дёҡеҠЎд»Ҙ1.31дәҝе…ғзҡ„иҙЎзҢ®жҲҗдёәеўһйҮҸ收е…Ҙзҡ„з»қеҜ№дё»еҠӣгҖӮ
дёҖеңәзңӢдјјжјӮдә®зҡ„зҝ»иә«д»—иғҢеҗҺпјҢе…¬еҸёе…Ёе№ҙй”Җе”®иҙ№з”Ё2.36дәҝе…ғпјҢеҗҢжҜ”еўһй•ҝ186.28%пјҢе…¶дёӯе№ҝе‘Ҡе®Јдј иҙ№2.23дәҝе…ғпјҢеҚ жҜ”94%гҖӮд»…зҹӯеү§дёҡеҠЎзҡ„жҲҗжң¬дёә3227.83дёҮе…ғпјҢиҫғдёҠе№ҙеўһй•ҝ8004.23%пјӣжҺЁе№ҝиҙ№й«ҳиҫҫ1.38дәҝе…ғпјҢеҜ№еә”收е…Ҙдёә1.31дәҝе…ғвҖ”вҖ”жҠ•е…Ҙдә§еҮәжҜ”д»…дёә76.85%гҖӮ
з®ҖеҚ•жқҘиҜҙпјҢжҠ•1еқ—й’ұе№ҝе‘ҠпјҢеҸӘжҚўеӣһ7жҜӣ6жҜӣ收е…ҘгҖӮжЁӘеҗ‘еҜ№жҜ”пјҢе…¬еҸёе№ҝе‘Ҡиҙ№еҚ 收е…ҘжҜ”дҫӢиҫҫ66.97%пјҢжҳҫи‘—й«ҳдәҺ ж¬ўз‘һдё–зәӘ пјҲз»ҙжқғпјү пјҲ41.10%пјүгҖҒ жҺҢйҳ…科жҠҖ пјҲ61.23%пјүгҖҒ жҳҶд»‘дёҮз»ҙ пјҲз»ҙжқғпјү пјҲ39.21%пјүгҖҒ дёӯж–ҮеңЁзәҝ пјҲ45.84%пјүгҖӮе…¬еҸёи§ЈйҮҠз§°еӣ вҖңжҖ»дҪ“收е…Ҙеҹәж•°иҫғе°ҸвҖқгҖӮ
вҖңзҹӯеү§иЎҢдёҡзӣ®еүҚе°ұжҳҜжөҒйҮҸжҚўж”¶е…Ҙзҡ„йҖ»иҫ‘пјҢжҠ•жөҒжҲҗжң¬жҷ®йҒҚеҚ жөҒж°ҙзҡ„70%еҲ°90%пјҢжҳҜз»қеҜ№зҡ„жҲҗжң¬еӨ§еӨҙгҖӮеҰӮжһңROIпјҲжҠ•иө„еӣһжҠҘзҺҮпјүж— жі•иҰҶзӣ–жҲҗжң¬пјҢиҝҷз§ҚжЁЎејҸе°ұйҡҫд»ҘжҢҒз»ӯгҖӮвҖқдёҖдҪҚдёҚдҫҝе…·еҗҚзҡ„дёҡеҶ…дәәеЈ«еңЁжҺҘеҸ—гҖҠеҚҺеӨҸж—¶жҠҘгҖӢи®°иҖ…йҮҮи®ҝж—¶иЎЁзӨәгҖӮ
2026е№ҙдёҖеӯЈеәҰпјҢе…¬еҸёдё»еҠЁвҖңдјҳеҢ–жҺЁе№ҝзӯ–з•ҘпјҢзј©еҮҸдҪҺж•ҲжҠ•ж”ҫ规模вҖқпјҢеӣҪеҶ…ROIе·ІжҸҗеҚҮиҮі100%д»ҘдёҠгҖӮ然иҖҢпјҢеҗҢжңҹзҹӯеү§ж”¶е…ҘзҺҜжҜ”йӘӨйҷҚ44.55%пјҢзҹӯеү§дёҡеҠЎеҮҸе°‘1,891.77дёҮе…ғгҖӮ
иўҒеё…и®ӨдёәпјҢиҝҷдёҖж•°жҚ®е·Із»ҸзӣҙжҺҘжҲіз ҙдәҶжӯӨеүҚйқ й«ҳжҠ•жөҒе ҶеҮәжқҘзҡ„й«ҳеўһй•ҝеҒҮиұЎпјҢиҜҙжҳҺе…¬еҸёзҡ„зҹӯеү§дёҡеҠЎж №жң¬жІЎжңүе»әз«Ӣиө·дёҚйқ й«ҳйўқе№ҝе‘ҠжҠ•ж”ҫе°ұиғҪзЁіе®ҡиҺ·е®ўзҡ„еҶ…е®№иғҪеҠӣпјҢжүҖжңүзҡ„иҗҘ收еўһй•ҝеҮ д№Һе®Ңе…Ёз»‘е®ҡеңЁжҢҒз»ӯзҡ„зғ§й’ұжҠ•жөҒеҠЁдҪңдёҠпјҢдёҖж—Ұзј©еҮҸжҠ•ж”ҫпјҢ收е…Ҙе°ұдјҡз«ӢеҲ»еҮәзҺ°еӨ§е№…ж»‘еқЎгҖӮ
иҖҢ2026е№ҙдёҖеӯЈеәҰеӣҪеҶ…зҹӯеү§ROIжҸҗеҚҮиҝҷдёҖзҹӯжңҹж•°жҚ®д№ҹе®Ңе…ЁдёҚи¶ід»Ҙж”Ҝж’‘е…¶й•ҝжңҹзӣҲеҲ©йҖ»иҫ‘пјҢиўҒеё…жҢҮеҮәпјҡвҖңдёҖж–№йқўиҝҷз§ҚROIзҡ„жҸҗеҚҮеҫҲеӨ§зЁӢеәҰдёҠжҳҜе»әз«ӢеңЁеӨ§е№…зј©еҮҸжҠ•ж”ҫ规模зҡ„еҹәзЎҖдёҠпјҢиҗҘ收еҹәж•°е·Із»ҸеӨ§е№…зј©ж°ҙпјҢ并йқһеҶ…е®№жң¬иә«зҡ„еҸҳзҺ°ж•ҲзҺҮеҮәзҺ°дәҶжң¬иҙЁжҖ§жҸҗеҚҮпјӣеҸҰдёҖж–№йқўзҹӯеү§иЎҢдёҡзҡ„жөҒйҮҸжҲҗжң¬й•ҝжңҹеӨ„дәҺжҢҒз»ӯдёҠж¶Ёзҡ„йҖҡйҒ“дёӯпјҢе№іеҸ°зҡ„жөҒйҮҸз«һд»·жңәеҲ¶дјҡдёҚж–ӯжҺЁй«ҳиҺ·е®ўжҲҗжң¬пјҢеҗҢиЎҢд№ҹдјҡжҢҒз»ӯи·ҹиҝӣжҠ•ж”ҫдәүеӨәз”ЁжҲ·жіЁж„ҸеҠӣпјҢиҝҷз§Қйқ зҹӯжңҹжҠ•ж”ҫзӯ–з•Ҙи°ғж•ҙжҚўжқҘзҡ„ROIиҫҫж Үж №жң¬ж— жі•й•ҝжңҹз»ҙжҢҒпјҢеҸӘиҰҒеҗҺз»ӯжғіиҰҒ继з»ӯжү©еӨ§иҗҘ收规模пјҢе°ұеҝ…然иҰҒйҮҚж–°еӣһеҲ°еҠ еӨ§е№ҝе‘ҠжҠ•ж”ҫзҡ„и·Ҝеҫ„дёҠпјҢеҫҲе®№жҳ“еҶҚж¬Ўйҷ·е…ҘжҠ•е…ҘеӨ§дәҺдә§еҮәзҡ„дәҸжҚҹжіҘжҪӯпјҢж— жі•еҪўжҲҗзЁіе®ҡеҸҜжҢҒз»ӯзҡ„жӯЈеҗ‘зҺ°йҮ‘жөҒгҖӮвҖқ
зңҹдәәзҹӯеү§иҝҳжІЎж’ӯе°ұеҮҸеҖј
еңЁзҹӯеү§е…·дҪ“иҝҗиҗҘж•°жҚ®жҠ«йңІж–№йқўпјҢе…¬еҸёиҜҰз»ҶжӢҶи§ЈдәҶеӣҪеҶ…еӨ–е№іеҸ°зҡ„иҝҗиҗҘжғ…еҶөгҖӮеӣҪеӨ–зҹӯеү§дёҡеҠЎжҖ»иҗҘ收5282.76дёҮе…ғгҖӮе…¶дёӯпјҢжө·еӨ–иҮӘжңүе№іеҸ°вҖңCafe dramaвҖқ2025е№ҙжҖ»ж”¶е…Ҙ1633.82дёҮе…ғпјҢжіЁеҶҢз”ЁжҲ·5.34дёҮдәәпјҢд»ҳиҙ№з”ЁжҲ·1.55дёҮдәәпјҢз”ЁжҲ·з•ҷеӯҳзҺҮзәҰдёә12.82%пјҢARPUпјҲжҜҸз”ЁжҲ·е№іеқҮ收е…Ҙпјүдёә42.83зҫҺе…ғгҖӮеңЁеӣҪеӨ–е…¶д»–е№іеҸ°е®һзҺ°зҡ„иҗҘдёҡ收е…Ҙе…ұи®Ў3648.9дёҮе…ғдәәж°‘еёҒпјҢжҠ•ж”ҫжҲҗжң¬е…ұи®Ў624.96дёҮзҫҺе…ғпјҢе……еҖјжөҒж°ҙжҖ»йўқдёә855.31дёҮзҫҺе…ғпјҢ2025е№ҙеәҰе…Ёе№ҙROIдёә136.86%гҖӮ
еӣҪеҶ…зҹӯеү§иҗҘдёҡ收е…Ҙ7830.45дёҮе…ғпјҢе…¶дёӯжҠ–йҹіжё йҒ“еҗҲи®ЎиҗҘ收4532.12дёҮе…ғпјҢе№іеҸ°иҙҰеҸ·зІүдёқ136.70дёҮпјҢеҚ•дҪҚзІүдёқеҲӣ收17.97е…ғпјӣи…ҫи®Ҝжё йҒ“е…Ёе№ҙиҗҘ收2744.63дёҮе…ғпјҢе…¶дёӯзҹӯеү§еҸ‘иЎҢдёҡеҠЎе…ҘиҙҰ2667.77дёҮе…ғгҖӮ
еҖјеҫ—жіЁж„Ҹзҡ„жҳҜпјҢйҡҸзқҖAIеҜ№зҹӯеү§еёӮеңәзҡ„еҶІеҮ»пјҢе…¬еҸёд№ҹиҝҺжқҘдәҶж–°зҡ„еўһй•ҝйЈҺйҷ©гҖӮ2025е№ҙ第еӣӣеӯЈеәҰиө·пјҢдјҙйҡҸдәәе·ҘжҷәиғҪи§Ҷйў‘з”ҹжҲҗжҠҖжңҜзҡ„иҝ…зҢӣеҸ‘еұ•д»ҘеҸҠзҹӯеү§е№іеҸ°еҜ№AIзҹӯеү§зҡ„еӨ§еҠӣжү¶жҢҒпјҢ2025е№ҙ11жңҲд»ҪејҖе§ӢAIеҠЁжҖҒжј«еү§еёӮеңәйҖҗжӯҘеўһй•ҝпјҢ2026е№ҙ1жңҲд»ҪAIзҹӯеү§еёӮеңәе‘ҲзҺ°е…ЁйқўзҲҶеҸ‘жҖҒеҠҝгҖӮ
е…¬еҸёеңЁеӯҳиҙ§и·Ңд»·еҮҶеӨҮйғЁеҲҶйҖҸйңІпјҡвҖңAIд»ҝзңҹдәәжј«еү§зӣёиҫғдәҺзңҹдәәзҹӯеү§е…·жңүеҲ¶дҪңжҲҗжң¬дҪҺгҖҒеҲ¶дҪңж—¶й—ҙзҹӯзӯүдјҳеҠҝпјӣеҜјиҮҙзҹӯеү§еёӮеңәйҖҗжӯҘиў«еҠЁжј«гҖҒAIд»ҝзңҹдәәеү§еҚ жҚ®пјҢзңҹдәәзҹӯеү§еёӮеңәиҝӣдёҖжӯҘиў«еҺӢзј©гҖӮвҖқ
иҝҷдёҖеҸҳеҢ–зӣҙжҺҘеҶІеҮ»дәҶе…¬еҸёзҡ„еӯҳиҙ§д»·еҖјгҖӮе…¬еҸёеқҰиЁҖпјҢвҖңзңҹдәәзҹӯеү§е·Із»ҸйҖҗжӯҘиў«AIеҠЁжј«еҸҠд»ҝзңҹдәәеү§жӣҝд»ЈвҖқпјҢвҖңеҸҳзҺ°еҮҖеҖје·Іжҳҫи‘—дёӢйҷҚвҖқгҖӮ
е…¬еҸёеҜ№ж——дёӢдә”йғЁе°ҡеңЁж‘„еҲ¶йҳ¶ж®өзҡ„зңҹдәәзҹӯеү§и¶ійўқи®ЎжҸҗеӨ§йўқеӯҳиҙ§и·Ңд»·еҮҶеӨҮпјҢеҗҲи®ЎиҙҰйқўдҪҷйўқ356.46дёҮе…ғпјҢи®ЎжҸҗи·Ңд»·еҮҶеӨҮ317.06дёҮе…ғпјҢжңҹжң«еӯҳиҙ§еҚ жҜ”35.22%пјҢе…¶дёӯзҹӯеү§гҖҠе«Ғе…ҘдҫҜеәңеҪ“е°ҸеҰҫеҗҺпјҢжҲ‘жқҖдәҶ全家еҗғз»қжҲ·гҖӢи®ЎжҸҗжҜ”дҫӢиҫҫ86.36%гҖӮ
收е…ҘзЎ®и®Өзҡ„иҠӮеҘҸй—®йўҳеҗҢж ·жҳҜзӣ‘з®Ўе…іжіЁзҡ„йҮҚзӮ№гҖӮ2025е№ҙеӣӣеӯЈеәҰе…¬еҸёиҗҘ收й«ҳиҫҫ1.31дәҝе…ғпјҢиҖҢ2026е№ҙдёҖеӯЈеәҰйӘӨйҷҚиҮі0.76дәҝе…ғпјҢзҺҜжҜ”дёӢйҷҚ42%гҖӮе…¬еҸёеӣһеә”з§°пјҡе®ҡеҲ¶еү§гҖҠзҢҺиұ№гҖӢдәҺеӣӣеӯЈеәҰдёҖж¬ЎжҖ§зЎ®и®Ө收е…Ҙ2075дёҮе…ғпјҢиҖҢдёҖеӯЈеәҰж— еҗҢзұ»йЎ№зӣ®е…ҘиҙҰпјҢиҜҘз»ҶеҲҶжқҝеқ—зҺҜжҜ”еҮҸе°‘1866дёҮе…ғпјӣзҹӯеү§дёҡеҠЎеӣ дё»еҠЁзј©еҮҸжҠ•ж”ҫпјҢдёҖеӯЈеәҰ收е…ҘзҺҜжҜ”еҮҸе°‘1892дёҮе…ғгҖӮдёӨйЎ№еҗҲи®Ўи§ЈйҮҠдәҶйҖҫ70%зҡ„йҷҚе№…гҖӮ
жёёжҲҸвҖңзҺ°йҮ‘зүӣвҖқеһӮжҡ®
дёҺеҪұи§ҶдёҡеҠЎзҡ„й«ҳжӯҢзҢӣиҝӣзӣёжҜ”пјҢдј з»ҹжёёжҲҸдёҡеҠЎе‘ҲзҺ°еҮәеҸҰдёҖз•ӘжҷҜиұЎгҖӮж——дёӢж ёеҝғеӯҗе…¬еҸёж·ұеңіж·ҳд№җзҪ‘з»ң科жҠҖжңүйҷҗе…¬еҸёпјҲдёӢз§°вҖңж·ҳд№җзҪ‘з»ңвҖқпјүеҜ№еә”е•ҶиӘүй«ҳиҫҫ1.07дәҝе…ғгҖӮ
е…¬еҸёеңЁеӣһеӨҚдёӯиҜҰз»ҶжҠ«йңІдәҶж·ҳд№җзҪ‘з»ңж——дёӢдә”ж¬ҫжёёжҲҸзҡ„иҝҗиҗҘж•°жҚ®гҖӮд»ӨдәәжӢ…еҝ§зҡ„жҳҜпјҢиҝҷдә”ж¬ҫжёёжҲҸвҖ”вҖ”гҖҠжЎғиҠұжәҗи®°гҖӢз«ҜжёёеҸҠжүӢжёёгҖҒз«ҜжёёгҖҠжЎғиҠұжәҗи®°2гҖӢгҖҒжүӢжёёгҖҠд»ҷзҒөйҖҚйҒҘгҖӢгҖҒжүӢжёёгҖҠе°‘е№ҙд»ҷз•Ңдј гҖӢе·Іе…ЁйғЁжӯҘе…Ҙз”ҹе‘Ҫе‘Ёжңҹдёӯзҡ„вҖңиЎ°йҖҖжңҹвҖқгҖӮдёҠзәҝж—¶й—ҙжңҖж—©зҡ„з«ҜжёёгҖҠжЎғиҠұжәҗи®°гҖӢеҸҜиҝҪжәҜиҮі2011е№ҙпјҢе…¬еҸёиЎЁзӨәпјҡвҖңз«ҜжёёгҖҠжЎғиҠұжәҗи®°гҖӢгҖҒз«ҜжёёгҖҠжЎғиҠұжәҗи®°2гҖӢе’ҢжүӢжёёгҖҠд»ҷзҒөйҖҚйҒҘгҖӢд»ҳиҙ№з”ЁжҲ·дәәеқҮжөҒж°ҙйҖҗе№ҙдёӢйҷҚпјҢдё»иҰҒеҺҹеӣ жҳҜеҸ—иҖҒжёёжҲҸж•ҙдҪ“з”ҹе‘Ҫе‘ЁжңҹиЎ°йҖҖеҪұе“ҚпјҢдёҖжҳҜй«ҳд»ҳиҙ№еӨҙйғЁзҺ©е®¶жҢҒз»ӯжөҒеӨұпјҢеӯҳйҮҸд»ҳиҙ№з”ЁжҲ·з»“жһ„дёӢжІүиҮіе°Ҹйўқд»ҳиҙ№зҫӨдҪ“пјҢжӢүй«ҳдәәеқҮжөҒж°ҙзҡ„ж ёеҝғе®ўзҫӨзјәеӨұпјӣдәҢжҳҜж–°еўһз”ЁжҲ·д»ҘеӣһжөҒиҖҒз”ЁжҲ·дёәдё»пјҢ з”ЁжҲ·д»ҳиҙ№жҪңеҠӣеҒҸејұпјҢе……еҖјжөҒж°ҙйҷҚе№…жҢҒз»ӯй«ҳдәҺд»ҳиҙ№з”ЁжҲ·ж•°йҮҸйҷҚе№…пјҢеӨҡйҮҚеӣ зҙ е…ұеҗҢеҜјиҮҙд»ҳиҙ№з”ЁжҲ·дәәеқҮжөҒж°ҙйҖҗе№ҙжҳҺжҳҫдёӢж»‘гҖӮвҖқ
жңҖж–°зҡ„гҖҠе°‘е№ҙд»ҷз•Ңдј гҖӢиҷҪдәҺ2023е№ҙдёҠзәҝпјҢеҚҙд№ҹжңӘиғҪеҪўжҲҗжңүж•ҲжҺҘеҠӣгҖӮ2023е№ҙиҮі2025е№ҙпјҢж·ҳд№җзҪ‘з»ңиҗҘдёҡ收е…ҘжҺҘиҝһдёӢж»‘пјҢиҗҘдёҡжҲҗжң¬еҚҙиҝһе№ҙдёҠж¶ЁпјҢз»ҸиҗҘжҙ»еҠЁзҺ°йҮ‘жөҒйҮҸиҝһз»ӯдёүе№ҙдёәиҙҹгҖӮ
然иҖҢпјҢжӯЈжҳҜеңЁиҝҷж ·зҡ„иғҢжҷҜдёӢпјҢе…¬еҸёеҜ№жңӘжқҘеҒҡеҮәдәҶйўҮдёәд№җи§Ӯзҡ„йў„жөӢпјҡж·ҳд№җзҪ‘з»ң2026е№ҙиҮі2028е№ҙ收е…Ҙеўһй•ҝзҺҮйў„и®ЎеҲҶеҲ«дёә11.45%гҖҒ15.11%е’Ң48.04%гҖӮиҝҷдёҖйў„жөӢдёҺ2025е№ҙзҡ„иҙҹеўһй•ҝеҪўжҲҗејәзғҲеҸҚе·®гҖӮ
е…¬еҸёи§ЈйҮҠз§°пјҢеўһй•ҝдё»иҰҒжҳҜе…¬еҸёдёҡеҠЎжҲҳз•Ҙи°ғж•ҙпјҢе…¬еҸёд»Һ2026е№ҙеәҰејҖе§Ӣе°ҶдҫқжүҳиҮӘдё»жҠ•иө„ејҖеҸ‘ж–°жёёжҲҸгҖҒеҸ—жүҳе®ҡеҲ¶ејҖеҸ‘пјҲйў„и®Ў2026вҖ”2030е№ҙзҙҜ计收е…ҘзәҰ8826.65дёҮе…ғпјүгҖҒд»ЈзҗҶеҸ‘иЎҢпјҲйў„и®Ў2026вҖ”2030е№ҙзҙҜ计收е…Ҙ3.05дәҝе…ғпјүдёүеӨ§ж–°еўһдёҡеҠЎжқҝеқ—еёғеұҖеҗҺз»ӯдёҡз»©пјҢеҫ…ж–°ејҖеҸ‘жёёжҲҸеҸҠд»ЈзҗҶжёёжҲҸйҷҶз»ӯдёҠзәҝиҗҪең°пјҢж–°еўһйЎ№зӣ®е°ҶеҪўжҲҗж ёеҝғ收е…ҘеўһйҮҸпјҢеҜ№еҶІиҖҒжёёжҲҸ收е…ҘдёӢж»‘зјәеҸЈпјҢеёҰеҠЁж•ҙдҪ“иҗҘдёҡ收е…Ҙе®һзҺ°жҳҫи‘—еўһй•ҝгҖӮиҮӘдё»жҠ•иө„ејҖеҸ‘жёёжҲҸдёӯпјҢгҖҠд»ЈеҸ·пјҡеү‘гҖӢи®ЎеҲ’2028е№ҙжӯЈејҸдёҠзәҝпјҢ2028вҖ”2030е№ҙйў„жөӢзҙҜи®ЎиҗҘдёҡ收е…Ҙ2.93дәҝе…ғпјӣеҸҰдёҖж¬ҫеӨ§еһӢжёёжҲҸи®ЎеҲ’2029е№ҙжӯЈејҸдёҠзәҝпјҢ2029вҖ”2030е№ҙйў„жөӢзҙҜи®ЎиҗҘдёҡ收е…Ҙ1.2дәҝе…ғгҖӮ
вҖңжёёжҲҸиЎҢдёҡж–°е“ҒдёҠзәҝзҡ„дёҚзЎ®е®ҡжҖ§жһҒй«ҳпјҢзүҲеҸ·гҖҒд№°йҮҸжҲҗжң¬гҖҒзҺ©е®¶е®ЎзҫҺйғҪжҳҜеҸҳйҮҸгҖӮз”Ёйў„жңҹзҡ„вҖҳйҘјвҖҷжқҘиҰҶзӣ–еҪ“дёӢиҖҒдә§е“Ғзҡ„зӘҹзӘҝпјҢеҰӮжһңе…‘зҺ°дёҚдәҶпјҢе•ҶиӘүеҮҸеҖје°ұдјҡжҲҗдёәжӮ¬еңЁеӨҙдёҠзҡ„еҲ©еү‘гҖӮвҖқдёҠиҝ°еҲҶжһҗеёҲеҜ№жң¬жҠҘи®°иҖ…жҸҗйҶ’йҒ“гҖӮ
ж’Өй”ҖйҖҖеёӮйЈҺйҷ©иӯҰзӨәпјҢеҜ№дәҺеӨ§жҷҹж–ҮеҢ–иҖҢиЁҖ并йқһз»ҲзӮ№пјҢиҖҢжҳҜдёҖеңәжӣҙеӨ§иҖғйӘҢзҡ„иө·зӮ№гҖӮеҰӮдҪ•е°Ҷзҹӯеү§зҡ„жөҒйҮҸзғӯеәҰиҪ¬еҢ–дёәеҸҜжҢҒз»ӯзҡ„еҲ©ж¶ҰпјҢд»ҘеҸҠж–°жёёжҲҸиғҪеҗҰеҰӮжңҹжҺҘжЈ’пјҢе°ҶжҳҜиҝҷ家иҖҒзүҢж–ҮеҢ–дёҠеёӮе…¬еҸёеңЁ2026е№ҙдәҹйЎ»еӣһзӯ”зҡ„й—®йўҳгҖӮ
иҙЈд»»зј–иҫ‘пјҡеҫҗиҠёиҢң дё»зј–пјҡе…¬еҹ№дҪі
ж–°жөӘиҙўз»Ҹж„Ҹи§ҒеҸҚйҰҲз•ҷиЁҖжқҝ