ǰλ: ҳ > >

ϲ*˶ʿоʲôص

ʱ:

̿мѵӪΪѧ·ΪѧԱ

ϲ*˶ʿоʲôص
ϵͳϲ*˶ʿѶȣϲ*˶ʿҵϲ*˶ʿѧѣ *˶ʿи ϲ*˶ʿвο⣬ ϲ*˶ʿʦ ϸ⡣رϢ׼ȷ̾ƵĽ˶ʿл Խ󣬲ܽΣǸͣˡԼһӦ쿼Ƹ ʼʱDzϳƹ̣ ʱתԴƹ̣ ο ֿ翼ϺƾĽ˶ʿ οоͳҵĵڶתרҵԣ ҺóԳ ԣҲͦ˳һƪӣο¡ һԼijԳɼ ܷ 431 Σ79 Ӣ73 ѧ146 רҵΣ133 ˵˵ѧеѧߵµ˵Ŀн޵ 飺ͬõĿαѧȫ飬⣬ȻǸģĿ ò˵ѧ֪ʶҪرͬóĿα֪ʶҪſԣ 鱾򵥹һٰȫ鿴һ飬Ȼ*ʱҪرע ı֣һЩģĿ֣ҲԼ*ѧ ʱ Ϊ**Ŀһ㶼ѵģ һġ ⣬ ʼǺҪ¼һԼ⣬෭˽⵽Լ˼άԺ ͬĸʣרҵκѧҶ˱ʼǡ ˵˵ϲƵרҵΣҿ 431 ѧۺϣĿͱȽϹ̶60 ֵĵ ѡ60 ֵļ𣬻 30 ֵ⣬ѡĿһһЩѧĻ֪ʶ ǿϸļȽϴüĻѲʱ䣬ÿ仯Ƚ 꿼֪ʶ꼸漰 **ʱҪԼ֪ʶ棬 Ѷ˵ô꿼һϵ QE˸ǶȣǴӻҳ ߵĴش⣬ ǻѧĺ֪ʶ Ȼ˸⣬ йкչɭĿҪ˴չڵķ棬󲿷ѧУ 431 ûй˾չ沢ģ Ҳ˵ϲ˵Ŀˣ Ϊϲ˸û Լ 431 ٣ ʾ*ĸ*Ҫرע֪ʶȫ档 ˵˵õ ϣ ұҪ廪ģ ǿĸĿ ǿ翼 ǰ˸ߺҵĺ΢ۺ͡ѧԾýһĸо󣬿ʼѧ Ŀγ̺쿵ġѧ˵ġʽѧҵġͶѧҶ ġ˾ڡԼӵ˹ġ˾ơϵġͶѧз дȹдļ׶ ʺϳѧѧţ Ҹо*Ϊ *Ϊ Ҫ֪ʶŶеķʱһ£ ѵԼ *Ҫעһ²ƾʱ£ кչɭһʱͷ ţͳϲƵһ⡣ һϲ*˶ʿѲѣרҵѧв? 2015 ϲ*˶ʿ 40 ˣ϶࣬廪вƵԺУ ˵ϲ*˶ʿѶȾС˺ܶࡣݿ̴ӱоԺڲͳݵ֪ϲ ˶ʿĿ 93%ǿרҵ¼ȡѧУǿרҵġ 󿭳ʦѯϲƵʦѧƵѧеģϳģϾҵ
1 ҳ 1 ҳ

̿мѵӪΪѧ·ΪѧԱ ģûмеģѧƵľҵDzģðŷС ڿиԵʱʦؿרҵѧDZƱΣ˶ʿ Ŀۺϱ֪ʶѶȲ󣬿רҵѧȫܹѧöʹѧ ͬѧרҵҲñǿ٣ѧѧݱͷdzdzԼסҪIJ ֮ǰѧΣǴӾҪץʱԼļƻ¶ģȫͶ 룬ҪŸܻлرڿ̸ܶIJҪǿ Ŭ񡣽ѧ͹˾ƱѶȲǺܴ ϲ*˶ʿҵô ϲƱѧΧԴҲҲ١2014 ϲ˶ʿҵ ҵʸߴ 99.45%˶ʿĴǵסģҵһһĺã廪ں ܱҵһԼ 20-30 ÿ꣬˴Ҳ 15-25 ֮䣬ϲƵԤ 15-30 ֮ 䣬˶ʿҵȥһǽڻ֤ȯ˾ͶУһᣬдҵͶʽ ڲţǰһƬѾбҵѧͳнˮԼһ 12-20 ֮䣬 ڶԺÿڵλķչˡ ϲ*˶ʿѧǶ٣ ϲ*˶ʿƸѧܶΪ 12.8 ѧ 2.5 ꣬ѧܶΪ 6 ǧԪ ѧΪ 2 ꡣһԺУ˵ϲ*˶ʿѧѻDZȽϸߵģǽ˶ʿǸ Ͷ߲רҵûһʦûһѧõʦ˶ʿ˲ţ ҵҪȷʵ˶ʿҵнˮʵһ׬ˡ ġϲ*˶ʿиЩ ڽ˶ʿи࣬ ҵľǿ̡ ܶศ˵Լϲ* ˶ʿֱһ䣬ϲ*˶ʿοЩ˲ɵˣ˵ רŵרҵʦѧƼο飬 Ϊʲô ΪǸûи ϲ*˶ʿУ ̸ϲ*˶ʿĿиϣ ϲ*˶ʿѧ ˡ ҵڣ ̵Ľ˶ʿdzȨ ǿ廪˴вó˶ʿͬѧ ˽⿭̣ҵںպڽѧԺ50%ϵѧԱԿ̽ĸ οѶ׵׾ó˶ʿ˴˶ʿв*˶ʿó ˶ʿϵͳġ˶ʿ塷˶ʿ⡷˶ʿһͨҲϵ ͳĿи࣬ϲ*˶ʿ⣬ϲʱĿϢ ͬѧʵؿһ¡ 塢ϲ*˶ʿвοʲô? A 飺01 ڷʦ 02 ڷʦ ԿĿ£ 101 ˼ 204 Ӣ 303 ѧ 431 ѧۺ B 飺03 Ϣڹ 04 ڷռ
2 ҳ 2 ҳ

̿мѵӪΪѧ·ΪѧԱ 101 ˼ 204 Ӣ 301 ѧһ 431 ѧۺ C 飺05 Ƹ 101 ˼ 204 Ӣ 396 ۺ 431 ѧۺ Բο飺 ѧۡ࣬йڳ磻 ˾ڡŽ࣬廪ѧ硢ͨѧ硣 Ͷѧ ҽѧʲ ݣϢڹ̷Լ̣C++ ο飺C++ơ 2 棩̷ǿ廪ѧ ϲοʵʸ*ʱ 밴տʦָصи* ЩDzģ Ḵ*ѹ߸*Чʡ ϲ*˶ʿԷǶ٣ 2014 ϲ*˶ʿУڷʦڷʦԷ 389ڹ ̷Է 390ƸԷ 342Ӣﲻ 55 ֣רҵ 83 ֡ иԲõģʦϵͳרҵѵճѵҪ ϵģԣ ȷܹ࣬ ܶʦⶼģ׼ ġ ߡεе̬ ȶ̬ʵҾֻҪȫԸȻм䲻ǻ壬϶Ŀ꣬ ̬϶ȶģ ɹѧ ˸տʼڿȶ ֮⣬ͦȶģٴӱϿȥģDz̫ȶģ żǻץ ܿͺˡ оǽҲҪ˾˵ԼҪ 󣬸оԼͦţƣʵҪﲻţƣţƣ㿼 Ϻٸ߱˲Եţơ ΪЩ˻عȰҪʵʵ㣬 Ҫ̫ ׵ѣĿе̬кصӰ죬Խû ֪ҿ Чʱ䣺ҪסЧʵһ,ʱڶ˵ڱ֤Чʵǰȥӳ* ʱ䣬ҪÿʮСʱ˯عȥģǻ缸СʱЧʵĸ* ҿЧѧÿ춼ѣʵ⵽Ѿһ*ߣҶԼ 壬ȻѣҲÿ춼ôһܶһ˯˾ŵ Ҫģ ԴҲǿԼÿ춼׼ʱ ҵ뷨 оǵǰоѧʱ,ȥ߿ƾɶķɷɡ ᶨ־Ǹû̵ij־սⳡսУҪʱ̾ѣȻʱ
3 ҳ 3 ҳ

̿мѵӪΪѧ·ΪѧԱ еµĿܡң߿ÿ춼ʦţÿ¶ģ⿼Լ š 㲻֪Լǰ˲ Լۺˮ*߻½ ң һѻûи㿼ͬһѧУͬһרҵģ Ҳ֪Ķʲôˮ *ܳһʱ䣬оԼĽijѧ 130 ֣Ȼ Լˮ*ܸˣҪ֪Ҳкܶ 140 ֣֣ǿ ڼܴһ*ңӦԼֲֻһЩر־ĸϢ ڼԼƣ˲Ѫڿ̣вԣ ֪Լʲôλãҵ࣬ܳ* ˡϲƿеһЩѧ* һοĶ 1Ŀ¼ͨοĿ¼֪ʶϵų˽⣬˽ ߼ṹȻȥжݡ 2ϵΪԼѧ֪ʶܣ֪ʶݺƷ ۾ʱǰ֪ʶϵ 3ⷨԼѧ֪ʶܽдÿµ͸ⶼǺܺ ijزġܰе֪ʶҪ㶼ܹ⡣ ѧ*ʼǵ 1һѧ*̲ĵʱʼҪǹҪݣÿ֪ʶ ǵʼDZϣͬʱҪ֪ʶ㣬ʽۣȱݵȡDZʼǵĹ̿ ǿԼѧݽԼԱЧؼӡ󡣵һѧ* DZʼǵĹϴӰ츴*ȣ мǵһѧ*Ҫʵ һζ׷ ٶȡһҪȡϸΪDZʼܹЧشﵽҪ󡣲ں ̲Ժ ʼһܷЯ֪ʶ䣬 Էʱص֪ʶ㡣 2һѧ*ʼǺ鱾֪ʶȽ*Ի֪ʶΪڶѧ*ʱ ԽϵһıʼDz©ȱ ԼĻκξҪ֪ʶ㡣 ٵ ʱעµĿʹ⡣ 3ʼҪעͱţڲѯڲͬĽ׶ʹôСʵIJͬ ʼDZ ҲʹͳһıʼDZҪעݲҪǰ ԺIJġ ͬʱעҳš עÿһʱڴڼԼıʼǽӦ ӡݣԷԭʧͳһIJο򵽣DZʼǶһ޶ģʼ *̵ѪãһҪúñܡ šϲ*˶ʿרҵθ* ӿ췶ΧϿ431 ۺ 90 ֵĽѧѧ+ʽڣ 60 ֵĹ˾ ɣʦرǿ*ûʲôݾߣʵʵİѿ̽ʦĿγ ʵʵѧ*ʦõĿ꣬ܶ඼ǿԱؿ㣬տʼܻȽ ʹֻ࣬Ҫڶʱͻúܶˡ׼һʼDZһʱ ܺͻ֪ʶԺ*֪ʶҲø롣ص½ǻʣ ʣ󣬻ҹͨͣڼܣߣҴ죨֮ذ ں΢۽ڵӵ㣬׿⣩ ѧ֣дıȽ׶Ҫ⻹һѣԽ ѵӪγ̵ʱñʼǣעʦıҪĴҪ㣬չ
4 ҳ 4 ҳ

̿мѵӪΪѧ·ΪѧԱ ʽڲ֣2015 г˹ʽѧ֪ʶȻֲߣǵÿ߷ֲ ӲݷΪۺʵ顣۷Ϊ֧ۺͻۡ鿼 ӻ֪ʶĻۣ *οʱϿ̵ԶƵ壬 ﵽ°빦Ч ˾Ʋ֣˾ռ 60 ֣ѶȲС˹Ȿǹ˾Ƶ ̲ģȷҲдdzʺϳѧߡóʦرǿֻǰ뱾 飬Ҳǹ˾֪ʶ 18 ¡һҪǰ 18 ºúõĿʽ ͼ ξͿһͼ һ DDM ģͣ free cash flow CAPM Rwacc MM ⼸¡Ҳǹ˾ص½ڣȻǿԵ֮ءMM ˰һ㲻ῼС½ΪһҪÿһŵͼܶ ʽ㶼̲*УȻdz㡣 ο鸴* һ飬ֻǿαٷģϤĿֻܺ磬Լ Ȼȥĩܽᣬûκ⣬ʱȫ½ڣڶ ʱŲȥģֻǰʮ£ ڶ飬ԿʦεĽָϸؿһ£κ*⣬κ* dzҪտʼЩĿûϵǵñעϵڶ ʱͻȫģ 飬ǿα֮ǰĿܽΪĿҪص㼰㣻 ʦĽͱʼǡ ı飬Ŀ¼ⷨԼļ估ճ̶ȣʽ ԼӦõȡȻԼܽĿȥص֪ʶ㡣 飬 ȥ֪ʶ ȥģƵԼͼص㿴 ܳĿԼռ㷽ܽм㹫ʽԼӦЩʽ*⡣ ʦҽôݣ ϣѾϲ*˶ʿбȽ̵˽ ˣ вĵطѯʦ ͬѧǣ ڿһƣ ҵо ˿Уֱǰ¿಻ֵۣʤףԸͬѧǰ*ѧ ҵгɡ СʾĿǰҵгңҵооսҵ £ҪڿдбɷĸҪ翪ʼ+üƻ+ȷĸ*˼·+ ĸࣨ£2017 пʼ׼*гԣ һָһջ񡣼ͣ

5 ҳ 5 ҳ




ӣ hackchnĵ Ӫĵ linux ҵ ʱ