姘戠敓淇濋櫓涓剧墝娴欏晢閾惰 骞村唴闄╄祫宸测滄壂璐р7瀹堕摱琛岃偂 鍒稿晢鍒嗘瀽鍚庣画澧為厤绌洪棿渚濈劧杈冨ぇ

姘戠敓淇濋櫓涓剧墝娴欏晢閾惰 骞村唴闄╄祫宸测滄壂璐р7瀹堕摱琛岃偂 鍒稿晢鍒嗘瀽鍚庣画澧為厤绌洪棿渚濈劧杈冨ぇ
2025骞08鏈14鏃 19:39 姣忔棩缁忔祹鏂伴椈

鐧诲綍鏂版氮璐㈢粡APP 鎼滅储銆愪俊鎶戞煡鐪嬫洿澶氳冭瘎绛夌骇

銆銆鍙堜竴瀹堕摱琛岃偂琚櫓璧勪妇鐗屻

銆銆8鏈13鏃ユ櫄闂达紝姘戠敓浜哄淇濋櫓鑲′唤鏈夐檺鍏徃锛堜互涓嬬畝绉版皯鐢熶繚闄╋級鍦ㄤ腑鍥戒繚闄╄涓氬崗浼氱綉绔欏彂甯冨叕鍛婄О锛屾皯鐢熶繚闄╀簬8鏈11鏃ュ湪鍦哄唴澧炴寔娴欏晢閾惰100涓囪偂H鑲★紝鑰楄祫绾277涓囨腐鍏冦

銆銆姝ゆ澧炴寔鍓嶏紝姘戠敓淇濋櫓鎸佹湁娴欏晢閾惰H鑲2.95浜胯偂锛屽崰璇ヨH鑲℃昏偂鏈殑4.98%锛涘鎸佸悗锛屾皯鐢熶繚闄╂寔鏈夋禉鍟嗛摱琛孒鑲2.96浜胯偂锛屾寔鑲℃瘮渚嬪崌鑷5%銆傛牴鎹腐鑲″競鍦鸿鍒欙紝杩欎竴鎯呭喌瑙﹀彂涓剧墝銆

銆銆涓剧墝鍓嶅悗姘戠敓淇濋櫓鎸佹湁娴欏晢閾惰H鑲℃暟閲忔儏鍐

銆銆鎹倝锛屾皯鐢熶繚闄╂湰娆′妇鐗屾禉鍟嗛摱琛孒鑲¤偂绁ㄧ殑璧勯噾鏉ユ簮绯诲叕鍙哥殑鍒嗙孩璐︽埛璧勯噾銆傛皯鐢熶繚闄╄〃绀猴紝鏍规嵁銆婂叧浜庡姞寮哄拰鏀硅繘淇濋櫓璧勯噾杩愮敤姣斾緥鐩戠鐨勯氱煡銆嬶紙淇濈洃鍙戙2014銆13鍙凤級鍜屻婂叧浜庝紭鍖栦繚闄╁叕鍙告潈鐩婄被璧勪骇閰嶇疆鐩戠鏈夊叧浜嬮」鐨勯氱煡銆嬶紙閾朵繚鐩戝姙鍙戙2020銆63鍙凤級鐩稿叧瑙勫畾锛屽叕鍙稿皢鏈涓剧墝娴欏晢閾惰H鑲¤偂绁ㄧ撼鍏ユ潈鐩婄被鎶曡祫绠$悊銆

銆銆娓氦鎵鎶湶鏄撲俊鎭樉绀猴紝8鏈11鏃ワ紝姘戠敓淇濋櫓鍦ㄥ満鍐呭鎸100涓囪偂娴欏晢閾惰H鑲¤偂浠斤紝姣忚偂浣滀环2.7679娓厓锛岃楄祫绾277涓囨腐鍏冦傚鎸佸畬鎴愬悗锛屾皯鐢熶繚闄╂寔鏈夋禉鍟嗛摱琛孒鑲¤偂浠界害2.96浜胯偂锛屽崰鍏禜鑲℃昏偂鏈殑姣斾緥绾5.0002%锛岃揪鍒颁妇鐗屾潯浠躲

銆銆鎹倝锛屾湰娆℃皯鐢熶繚闄╅氳繃鍙楁墭绠$悊浜衡斺旀皯鐢熼氭儬璧勪骇绠$悊鏈夐檺璐d换鍏徃绠$悊鐨勮处鎴峰鎸佸苟涓剧墝娴欏晢閾惰H鑲★紝鏈湁鍏朵粬鍏宠仈鏂瑰強涓鑷磋鍔ㄤ汉鍙備笌鏈涓剧墝銆傛埅鑷2025骞8鏈11鏃ワ紝姘戠敓淇濋櫓鎸佹湁娴欏晢閾惰H鑲¤偂绁ㄧ殑璐﹂潰浣欓涓13.24浜垮厓锛屽崰涓婂搴︽湯鎬昏祫浜х殑姣斾緥涓0.93%銆

銆銆鍏紑璧勬枡鏄剧ず锛屾禉鍟嗛摱琛屾槸12瀹跺叏鍥芥ц偂浠藉埗鍟嗕笟閾惰涔嬩竴锛屼簬2004骞8鏈18鏃ユ寮忓紑涓氾紝鎬婚儴璁惧湪娴欐睙鏉窞锛岀郴鍏ㄥ浗绗13瀹垛淎+H鈥濅笂甯傞摱琛岋紝鍦ㄥ叏鍥22涓渷锛堣嚜娌诲尯銆佺洿杈栧競锛夊強棣欐腐鐗瑰埆琛屾斂鍖鸿绔嬩簡362瀹跺垎鏀満鏋勩

銆銆2024骞达紝娴欏晢閾惰钀ヤ笟鏀跺叆676.50浜垮厓锛岃緝涓婂勾澧為暱6.19% 锛涘綊灞炰簬鏈鑲′笢鐨勫噣鍒╂鼎151.86浜垮厓锛岃緝涓婂勾澧為暱0.92%銆傛埅鑷2024骞存湯锛屾昏祫浜3.33涓囦嚎鍏冿紝杈冧笂骞存湯澧為暱5.78%锛涙昏礋鍊3.12涓囦嚎鍏冿紝杈冧笂骞存湯澧為暱5.70%锛涜祫鏈厖瓒崇巼12.61%銆佷竴绾ц祫鏈厖瓒崇巼9.61%銆佹牳蹇冧竴绾ц祫鏈厖瓒崇巼8.38%锛屽潎淇濇寔鍚堢悊姘村钩銆

銆銆涓瀛f姤鏄剧ず锛屾禉鍟嗛摱琛屽疄鐜拌惀涓氭敹鍏171.05浜垮厓锛屽悓姣斿噺灏7.07%锛涘綊灞炰簬姣嶅叕鍙告墍鏈夎呯殑鍑鍒╂鼎涓59.49浜垮厓锛屽悓姣斿闀0.61%銆傛埅鑷充粖骞翠竴瀛e害鏈紝娴欏晢閾惰璧勪骇鎬婚涓3.44涓囦嚎鍏冿紝杈冧笂骞存湯澧為暱3.54%锛涘彂鏀捐捶娆惧拰鍨鎬婚涓1.89涓囦嚎鍏冿紝杈冧笂骞存湯澧為暱1.81%銆傚湪璧勪骇璐ㄩ噺鏂归潰锛屾埅鑷充粖骞翠竴瀛e害鏈紝娴欏晢閾惰涓嶈壇璐锋鐜囦负1.38%锛屼笌涓婂勾鏈寔骞筹紱鎷ㄥ瑕嗙洊鐜囦负171.21%銆

銆銆铏界劧姘戠敓淇濋櫓骞舵湭鎶湶涓剧墝娴欏晢閾惰鑳屽悗鐨勬姇璧勯昏緫锛屼絾銆婃瘡鏃ョ粡娴庢柊闂汇嬭鑰呮敞鎰忓埌锛屾皯鐢熶繚闄╀笌娴欏晢閾惰鐨勬笂婧愰娣便傛皯鐢熶繚闄╃殑绗竴澶ц偂涓滄槸涓囧悜鎺ц偂鍙婂叾鍏宠仈鏂逛笂娴峰啝榧庢辰锛屼簩鑰呭悎璁℃寔鏈夋皯鐢熶繚闄43.84%鑲℃潈銆傝屾禉鍟嗛摱琛岀殑鍒涘鑲′笢涔嬩竴鍚屾牱涔熸槸涓囧悜鎺ц偂锛屼簩鑰呭湪鑲′笢涓婃湁鐫鏄庢樉鐨勪氦闆嗐

銆銆姝ゅ锛屾棭鍦2015骞达紝姘戠敓淇濋櫓灏卞弬涓庝簡娴欏晢閾惰鐨凙鑲¢厤鑲★紝鎴嚦涓瀛e害鏈紝姘戠敓淇濋櫓杩樹綅鍒楁禉鍟嗛摱琛孉鑲″崄澶ф祦閫氳偂涓滀箣鍒椼

銆銆鐢辨鍒嗘瀽锛屾皯鐢熶繚闄╁簲褰撴瘮杈冪湅濂芥禉鍟嗛摱琛岋紝涓剧墝鍏禜鑲′篃鍦ㄦ儏鐞嗕箣涓

銆銆鍊煎緱涓鎻愮殑鏄紝鐪嬪ソ閾惰鑲$殑涓嶅彧鏄皯鐢熶繚闄╋紝骞冲畨浜哄銆鏂板崕淇濋櫓銆佺憺涓繚闄╃瓑鏈烘瀯涔熷湪骞村唴涓剧墝閾惰鑲°傛嵁涓嶅畬鍏ㄧ粺璁★紝骞村唴宸叉湁7瀹堕摱琛岃闄╄祫涓剧墝锛屽垎鍒槸涓俊閾惰鎷涘晢閾惰鏉窞閾惰鍐滀笟閾惰閭偍閾惰銆佹禉鍟嗛摱琛屻閮戝窞閾惰

銆銆鍦ㄤ笂杩颁繚闄╂満鏋勪腑锛屼妇鐗岄摱琛岃偂鏈棰戠箒鐨勮帿杩囦簬涓浗骞冲畨锛屼笂鍗婂勾涓浗骞冲畨鏃椾笅鐨勫钩瀹変汉瀵垮凡杩炵画澶氭涓剧墝鎷涘晢閾惰銆佸啘涓氶摱琛屻侀偖鍌ㄩ摱琛岀瓑閾惰鑲°

銆銆鈥滈櫓璧勪妇鐗岄摱琛岃偂锛屾牳蹇冮昏緫鏄樿祫浜ц崚鈥欎笅鐨勭‘瀹氭ф孩浠枫傞暱绔埄鐜囧揩閫熶笅琛岋紝浼犵粺鍥烘敹鏀剁泭閫艰繎璐熷烘垚鏈孩绾匡紱閾惰鏉垮潡鑲℃伅鐜囨櫘閬嶅湪5%浠ヤ笂锛岄珮浜10骞存湡鍥藉200bp锛堝熀鐐癸級锛屼笖鍒嗙孩绋冲畾銆佽祫鏈厖瓒崇巼鍥炲崌锛屽吋鍏峰烘т笌鑲℃с傗濆浗闄呮敞鍐屽垱鏂扮鐞嗗笀銆侀箍瀹㈠矝绉戞妧鍒涘浜哄吋CEO鍗㈠厠鏋楁帴鍙椼婃瘡鏃ョ粡娴庢柊闂汇嬭鑰呬功闈㈤噰璁挎椂琛ㄧず锛岀洃绠″眰闈紝鍋夸簩浠d簩鏈熷閾惰鑲¢闄╁洜瀛愪笅璋冿紝璧勬湰鍗犵敤闄嶄綆绾︿笁鎴愶紱IFRS9锛堟柊浼氳鍑嗗垯锛変笅楂樺垎绾㈤摱琛屽彲骞虫粦鍒╂鼎琛ㄦ尝鍔紝闄╄祫涓剧墝鍚庤鍏VOCI锛堜互鍏厑浠峰艰閲忎笖鍏跺彉鍔ㄨ鍏ュ叾浠栫患鍚堟敹鐩婏級锛屾棦閿佸畾绁ㄦ伅鍙堥伩鍏嶅競浠峰墽鐑堝啿鍑诲噣鍊笺傜畝鍗曡锛岄摱琛屾槸褰撲笅鍞竴鑳藉悓鏃舵弧瓒虫敹鐩娿佸伩浠樿兘鍔涗笌浼氳璇夋眰鐨勨滃噯鍥烘敹鈥濊祫浜с

銆銆鍊煎緱鍏虫敞鐨勬槸锛岄櫓璧勫閾惰鑲$殑鈥滅儹鎯呪濆ぇ澶氶泦涓湪H鑲°備负浣曢櫓璧勭儹琛蜂簬鍦ㄦ腐鑲′妇鐗岄摱琛岃偂鍛紵

銆銆涓叧鏉鐗╄仈缃戜骇涓氳仈鐩鍓涔﹂暱琚佸竻鎺ュ彈銆婃瘡鏃ョ粡娴庢柊闂汇嬭鑰呬功闈㈤噰璁挎椂琛ㄧず锛岄櫓璧勫亸濂藉湪娓偂涓剧墝閾惰鑲$殑鑳屽悗锛屾槸娓偂甯傚満鐗规湁鐨勫埗搴﹀畨鎺掍笌浼板奸昏緫銆

銆銆棣栧厛锛屾腐鑲¢摱琛岃偂鏅亶瀛樺湪鎶樹环鐜拌薄锛孉H鑲℃孩浠风巼闀挎湡缁存寔鍦20%~30%鍖洪棿锛屽悓鏍疯祫璐ㄧ殑閾惰H鑲′环鏍兼樉钁椾綆浜嶢鑲★紝闄╄祫鑳藉浠ユ洿浣庢垚鏈幏鍙栧悓绛夋潈鐩婏紝鎻愬崌鎶曡祫鎬т环姣斻備緥濡傛娆℃皯鐢熶繚闄╁鎸佹禉鍟嗛摱琛孒鑲¤楄祫绾277涓囨腐鍏冿紝鑻ュ湪A鑲″競鍦哄畬鎴愬悓绛夊鎸侊紝鎴愭湰灏嗘湁杈冨ぇ骞呭害鐨勬彁楂樸

銆銆鍏舵锛屾腐鑲″競鍦烘祦鍔ㄦф満鍒舵洿鐏垫椿锛屼妇鐗屽悗闄╄祫鍙牴鎹競鍦烘儏鍐电伒娲昏皟鏁存寔浠擄紝涓旀腐鑲¢氭満鍒朵笅鍐呭湴闄╄祫鍙洿鎺ュ弬涓庝氦鏄擄紝鍑忓皯璺ㄥ璧勯噾璋冮厤鎴愭湰銆

銆銆鍐嶆锛屾腐鑲″淇℃伅鎶湶鐨勮姹傜浉瀵瑰鏉撅紝闄╄祫涓剧墝鍚庢棤闇绔嬪嵆鎶湶璇︾粏鎸佷粨璁″垝锛屼负鍚庣画鎿嶄綔淇濈暀绛栫暐绌洪棿銆

銆銆姝ゅ锛屾腐鑲¢摱琛岃偂鐨勮偂涓滅粨鏋勪腑锛屾満鏋勬姇璧勮呭崰姣旇緝楂橈紝闄╄祫涓剧墝鍚庢洿鏄撲笌闀挎湡鎶曡祫鑰呭舰鎴愬叡璇嗭紝鎺ㄥ姩鑲′环鍚戝悎鐞嗕环鍊煎洖褰掞紝鑰岄潪闈复鐭湡鎶曟満璧勯噾鐨勬壈鍔ㄣ

銆銆鍦ㄤ粠涓氳呭拰鍒嗘瀽浜哄+鐪嬫潵锛岃櫧鐒堕櫓璧勫湪骞村唴宸插娆′妇鐗岄摱琛岃偂锛屼絾鏈潵澧為厤閾惰鑲$殑绌洪棿渚濈劧寰堝ぇ銆

銆銆鈥滈櫓璧勫閾惰鑲$殑澧為厤绌洪棿鍙互浠庝袱涓柟闈㈣繘琛岃冭檻銆傗澶╅璇佸埜鍒嗘瀽绉帮紝鍏朵竴锛屾槸鏂板淇濊垂鎶曡祫A鑲″甫鏉ョ殑澧為噺璧勯噾銆傝瘉鐩戜細鏄庣‘瑕佹眰鈥滃姏浜夊ぇ鍨嬪浗鏈変繚闄╁叕鍙镐粠2025骞磋捣姣忓勾鏂板淇濊垂鐨30%鐢ㄤ簬鎶曡祫A鑲″競鍦衡濄傚浜庢柊澧炰繚璐癸紝鍒嗗埆閲囩敤5瀹跺ぇ鍨嬪浗鏈夐櫓浼佺殑鎬讳繚璐规敹鍏ャ佹墸闄や繚闄╂湇鍔¤垂鐢ㄥ拰涓氬姟鍙婄鐞嗚垂鐨勪繚璐规敹鍏ヤ袱涓彛寰勮繘琛岃 閲忋傛祴绠楀彂鐜帮紝2025骞撮櫓璧勫皢鍒嗗埆涓洪摱琛岃偂甯︽潵1404浜垮厓銆737浜垮厓澧為噺璧勯噾銆傚亣璁2024骞存柊澧炰繚璐规敹鍏25%鎶曞悜A鑲″競鍦猴紝棰勮2025骞撮摱琛岃偂澧為噺璧勯噾杈2024骞村闀29%銆

銆銆鍏朵簩锛屾槸鐢ㄨ冻鏉冪泭绫昏祫浜ч厤缃笂闄愬甫鏉ョ殑澧為噺璧勯噾銆傜洰鍓嶈储浜ч櫓銆佷汉韬櫓琛屼笟鍐呭鏁板叕鍙哥殑鐞嗚鏉冪泭绫昏祫浜ч厤缃笂闄愪负鍏朵笂瀛f湯鎬昏祫浜х殑30%銆傞暱鏈熸潵鐪嬶紝鐢ㄨ冻鏉冪泭绫昏祫浜ч厤缃笂闄愭垨鑷冲皯鎵