???,??90???“???????”??????????

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

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

??????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????????????

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