??????????????????????????????????????
????????????????(????????????????)
?????????? ????????? ??????????
«?????????????????????2»???????????“???????????”,??????????,????????????????“??????????????????”??????????;“??????????”?????,??????“????”????????????;??,???……“?????”,????????????,?????
“?????”
«???»(«????2»)??????????????????????“????”???????????,??«????????????????:?????»????????????10??????????????????«??????2»????????????????,???????,????????10??????«????????»????,“«??????????2»???????????”?????,«??????2»????????????IP????????????????????????
«?????????????2»???????????????????????????«????»??????,????????2???5???????,?100??,?????1.87???????????????????????????????????,?????????????????????????????«????????»????,2025????
?????????,????8????????????????????????,???????,????????????,????????9.9%,?????????????????????????????????12.3%?
??????«??»??????????,?,????????????????,?????????????,??????????????7.0%,??6770???,????????????????????5.01?,????????????5.9%??,???????????????1351??????????????????,?????
???“??”??????????????«???????????????»?????,????????????????,??????????????????,????????«?????????????????????????(2025)»???????,20242025???????????????????????,?????????????????????5.2???,???6300???????????????????????????
???????????,?????????????????,?????“?????????????????????????:????????????”??????????«?????????????????»??????????????????????,???????,????????,????????????????????
“????????”??????,????????,???????
??
??,?,?,??,??????????????????????????????«????????????????»??????????????????????????,??????,???,????????????
???????????????????«???»????????,??????????????,??????????????????????,?????????????????????????????????,???????203%?????
??????????????,??9????????,??????????????????,?????????????,????????????????1???,????,????????,??????????????????????????,???
????«????»????????,?????2025???,??????,???????????????????????????????????????:“??????????????2025??,???,??3000???????????????????????????”
?????????????,????????????????,????“?????????”??????“????”??????????????«???????????????????»?«??????»???????,??????????????,????????,?????2024?????«??????»,??????8??????????????????24????????,????,??????????????????,?????????????????????,?????2027????1.2?,?????????2030?1.5????
“?????????????”
??????????,“??????”???????????????????????????????????????,??????????????,?????????????????????,????????82.1%?
?????????,???????????????????,???????“??????????,????,????,????????????????”?????????«?»??????,???????2025???,???????
?????????,?????????????,???????«????????(2024)»??,?????2015??????????,?2700???????????????????????2023??????8900?????????,??????????2025???????????????????????,??????????«??»????????????,??????
?,??????2025?????2026??????????????????,??????????,??????????????????2025??,??????????????????????
????«??????????»??,????????,????????????,????????????????,??????????????????2027???????????????????????????????10?????????,???????????????1000????????????????,???????????????????,???????????
???????????????«?????????????»?,??,????????????«????????????»??????,????????????,???,?????????????(??) ?????:????????
????:?????????????????
«???»????????:???????
4?10??????????10????13?
???:??20???????????????
????:??????????????!
????:????????????????
???????“????”?IPO????
??????????? ???????????
??3?????????????????
??????????????3???
????:?????????????????
?????!??1????????9.9????
??:?3???????????
??2?????????0.4%
???2???????188??????16??
???:??20???????????????
GIF-????!?????????????
????:3???????????????
???:??????????????????
??GIF-?????????????????
??????????????????????????
????:????????????????
?????????????????????
??:????“???”?????????
??????????????:??????