????? ???????????:?????

?????2021?? 9????,?(301055.SZ)??, ????????50?????????

????,????????????,??,?20????????????

????????????,????,????????????????????????????????????????????????

?????????????5????, ?????????????,????,????,???????????;??,???????????????????????

????,???????????????,??1991?????,??1996?????,??????90?????,???,????????????

???

?????400????????????????????,??????,??,??????,???

????????????????????????????,?,?????????????????????,????????????????

2007??????????????????11????????????????????,????????????????????1.2????????????,??,?????????70%????

????????,????????????????1992?,???????????,??????????????????????????????????????????????????????????????????,????????,???????????????????????

?????,???????????????,??????????????:“????????,????????,?????????,?????;?,????????????,????????????????,??????????????????????????”?,????,?????????,????????,?,?????????

2012??????????,?,???2014????

????????,2018??????????,???????????????,???????????????,????????????????????8.6???????,??3.5??????????????????????????????????3000????2020????????????,?2681.2595?????????/??????????????/?????????????,?????????2931.6416????????????/?/??????????,?????????????????????109.34%;????????659.796??????????????????????????/??/????????????,??620.8918????????????????/??/??,??94.1%;???????????????????169.3806???/???????????/??

2021?????,??9????????????6?????,?,????400%,???53.18????????????????

????????????«2021?»?????????????,???????????????110????????????????,?????????647??????

????????????,????????????,?,??????

?????????,????????????

??????????????2018?????????????2021?????,?,?4.1??????????????????4.84??????????????????5.72???????????7.6??;??????4380??7230?????7721??????7873??

???????????????,???? “?????????”?????2022?????7??,??,??????????,????“????”?????????????????????????????????,????,????????

??????????????,??,??,???????2023?????????????????????????1??????,??2022????????????????,?????????,?????????????????????????????????,?,??2023?11??????????????,???????????????(?????????)????????,???2022?????????12?4???,????????????,?????????????????????,?7.84???????,??,??????25??????????

???????,??????????????,??????????2022????????????????,???????????8.27??,?????????????????8.75%;?????????????????????4149??????,?????????????47.3%?2023????????????,?8.11??,??????1.82%;???2511.83?????????????,???????39.48%?

??????????????5?,???????????,??????????????????????

??????????,??????????2022???7?????2022?????????2023????????????????????? ?????????,??,??????,?????(??)?

?????????,?????????:???????,?????????????,??????????????????????;“?”???2021???????????????????????,???????????,????????????????????,????;???,????????

?,?

??????,??????????????????“????”??????

??,2022???????????????????12??,??,???,????,????????????????????,??????;??????????????????????????????????,????????????????????????????????????,???????????2024??5???

?????,?????????????????????2018??5??????,?????????,??

????????,????,?????????????

????????????,???48.72%?,??????;??100%??,?,???????????80%?????????????20%?,??8.43???????

????????????3?,?1.28????????????,?????????????????????????????????????5????????????,???????????3?????,??????????????????,????????????“?”????

?,?“???????????????”??,“???????????????????,??”?

??????????,??,??????????????“?????????”??,??????,?????????????

?,??????5??,2021???????????????2023??5.26????????????????5.64??????????????5.61?????????????

?,??,?????????????????????????????????Euromonitor????,???????????????????????????????,2020????,???,?2%?????????????????

??????,????????????,??,????????????,???????????????????????????,????????,??????????????????????????????,??,??????????2021????????????-2023???????,????1.49???????1.83???????1.65????,??????0.65%?23%??-9.62%???????,????????8000??

?????????????,???,???????,?????????“??”??,??? ???:??? “??95???”????

?? ??,???90???“??????????”???????

????:1???95???:???????

2????????

3????????????

4?????????????

5????????

????? ???????????:?????

?????2021?? 9????,?(301055.SZ)??, ????????50?????????

????,????????????,??,?20????????????

????????????,????,????????????????????????????????????????????????

?????????????5????, ?????????????,????,????,???????????;??,???????????????????????

????,???????????????,??1991?????,??1996?????,??????90?????,???,????????????

???

?????400????????????????????,??????,??,??????,???

????????????????????????????,?,?????????????????????,????????????????

2007??????????????????11????????????????????,????????????????????1.2????????????,??,?????????70%????

????????,????????????????1992?,???????????,??????????????????????????????????????????????????????????????????,????????,???????????????????????

?????,???????????????,??????????????:“????????,????????,?????????,?????;?,????????????,????????????????,??????????????????????????”?,????,?????????,????????,?,?????????

2012??????????,?,???2014????

????????,2018??????????,???????????????,???????????????,????????????????????8.6???????,??3.5??????????????????????????????????3000????2020????????????,?2681.2595?????????/??????????????/?????????????,?????????2931.6416????????????/?/??????????,?????????????????????109.34%;????????659.796??????????????????????????/??/????????????,??620.8918????????????????/??/??,??94.1%;???????????????????169.3806???/???????????/??

2021?????,??9????????????6?????,?,????400%,???53.18????????????????

????????????«2021?»?????????????,???????????????110????????????????,?????????647??????

????????????,????????????,?,??????

?????????,????????????

??????????????2018?????????????2021?????,?,?4.1??????????????????4.84??????????????????5.72???????????7.6??;??????4380??7230?????7721??????7873??

???????????????,???? “?????????”?????2022?????7??,??,??????????,????“????”?????????????????????????????????,????,????????

??????????????,??,??,???????2023?????????????????????????1??????,??2022????????????????,?????????,?????????????????????????????????,?,??2023?11??????????????,???????????????(?????????)????????,???2022?????????12?4???,????????????,?????????????????????,?7.84???????,??,??????25??????????

???????,??????????????,??????????2022????????????????,???????????8.27??,?????????????????8.75%;?????????????????????4149??????,?????????????47.3%?2023????????????,?8.11??,??????1.82%;???2511.83?????????????,???????39.48%?

??????????????5?,???????????,??????????????????????

??????????,??????????2022???7?????2022?????????2023????????????????????? ?????????,??,??????,?????(??)?

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?,?

??????,??????????????????“????”??????

??,2022???????????????????12??,??,???,????,????????????????????,??????;??????????????????????????????????,????????????????????????????????????,???????????2024??5???

?????,?????????????????????2018??5??????,?????????,??

????????,????,?????????????

????????????,???48.72%?,??????;??100%??,?,???????????80%?????????????20%?,??8.43???????

????????????3?,?1.28????????????,?????????????????????????????????????5????????????,???????????3?????,??????????????????,????????????“?”????

?,?“???????????????”??,“???????????????????,??”?

??????????,??,??????????????“?????????”??,??????,?????????????

?,??????5??,2021???????????????2023??5.26????????????????5.64??????????????5.61?????????????

?,??,?????????????????????????????????Euromonitor????,???????????????????????????????,2020????,???,?2%?????????????????

??????,????????????,??,????????????,???????????????????????????,????????,??????????????????????????????,??,??????????2021????????????-2023???????,????1.49???????1.83???????1.65????,??????0.65%?23%??-9.62%???????,????????8000??

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