{"id":8202,"date":"2022-07-16T06:14:50","date_gmt":"2022-07-16T11:14:50","guid":{"rendered":"https:\/\/lions.financial\/?p=8202"},"modified":"2024-03-08T06:06:26","modified_gmt":"2024-03-08T11:06:26","slug":"investment-research-analysis-risk-management-lufthansa-group","status":"publish","type":"post","link":"https:\/\/lions.financial\/zh\/investment-research-analysis-risk-management-lufthansa-group\/","title":{"rendered":"\u6295\u8d44\u7814\u7a76\u5206\u6790 \u98ce\u9669\u7ba1\u7406 \u6c49\u838e\u822a\u7a7a\u96c6\u56e2"},"content":{"rendered":"<h2 style=\"font-size: 25px; text-align: center;\"><b>\u6c49\u838e\u96c6\u56e2\u7684\u516c\u53f8\u6982\u51b5<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p>\u6c49\u838e\u822a\u7a7a\u96c6\u56e2\u6210\u7acb\u4e8e 1953 \u5e74\uff0c\u662f\u5fb7\u56fd\u7684\u56fd\u65d7\u822a\u7a7a\u516c\u53f8\u3002\u4ee5\u8f7d\u5ba2\u91cf\u8ba1\u7b97\uff0c\u6c49\u838e\u822a\u7a7a\u53ca\u5176\u5b50\u516c\u53f8\u662f\u6b27\u6d32\u7b2c\u4e8c\u5927\u822a\u7a7a\u516c\u53f8\u3002\u6c49\u838e\u96c6\u56e2\u662f 1997 \u5e74\u6210\u7acb\u7684\u5168\u7403\u6700\u5927\u822a\u7a7a\u8054\u76df--\u661f\u7a7a\u8054\u76df\u7684\u4e94\u4e2a\u521b\u59cb\u6210\u5458\u4e4b\u4e00\u3002<\/p>\n<p>\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u96c6\u56e2\u9664\u4e86\u63d0\u4f9b\u81ea\u5df1\u7684\u670d\u52a1\u548c\u62e5\u6709\u5b50\u516c\u53f8\u5965\u5730\u5229\u822a\u7a7a\u516c\u53f8\u3001\u745e\u58eb\u56fd\u9645\u822a\u7a7a\u516c\u53f8\u3001\u5e03\u9c81\u585e\u5c14\u822a\u7a7a\u516c\u53f8\u548c\u6b27\u6d32\u822a\u7a7a\u516c\u53f8\u4e4b\u5916\uff0c\u8fd8\u62e5\u6709\u51e0\u5bb6\u4e0e\u822a\u7a7a\u76f8\u5173\u7684\u516c\u53f8\uff0c\u5982\u6c49\u838e\u6280\u672f\u516c\u53f8\u548c LSG Sky Chefs\uff0c\u4f5c\u4e3a\u6c49\u838e\u96c6\u56e2\u7684\u4e00\u90e8\u5206\u3002\u8be5\u96c6\u56e2\u603b\u5171\u62e5\u6709 700 \u591a\u67b6\u98de\u673a\uff0c\u662f\u4e16\u754c\u4e0a\u673a\u961f\u89c4\u6a21\u6700\u5927\u7684\u822a\u7a7a\u516c\u53f8\u4e4b\u4e00\u3002<\/p>\n<p>2020 \u5e74\uff0c\u5fb7\u56fd\u653f\u5e9c\u901a\u8fc7 COVID-19 \u5f15\u53d1\u7684\u7ecf\u6d4e\u95ee\u9898\u5411\u8be5\u822a\u7a7a\u516c\u53f8\u63d0\u4f9b\u4e86 90 \u4ebf\u6b27\u5143\u7684\u6551\u52a9\uff0c\u5e02\u503c\u4e3a 72.4 \u4ebf\u6b27\u5143\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone\" title=\"\u6c49\u838e\u96c6\u56e2\u521b\u59cb\u4eba\u548c\u8463\u4e8b\u4f1a\u6210\u5458\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2022\/07\/Founders-Board-of-Directors.png\" alt=\"Founders &amp; Board of Directors of Lufthansa Group\" width=\"900\" height=\"450\" \/><\/a><\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u521b\u59cb\u4eba\u548c\u8463\u4e8b\u4f1a<\/b><\/h2>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img decoding=\"async\" class=\"alignnone\" title=\"\u5e93\u5c14\u7279-\u9b4f\u683c\u5c14\u7279 \u6c49\u838e\u822a\u7a7a\u96c6\u56e2\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image27.png\" alt=\"Kurt Weigelt Lufthansa Group\" width=\"356\" height=\"224\" \/><\/a><\/p>\n<p><b>Kurt Weigelt<\/b><\/p>\n<ul>\n<li>1953-60 \u5e74\u76d1\u4e8b\u4f1a\u4e3b\u5e2d\u517c\u540d\u8a89\u4e3b\u5e2d<\/li>\n<li>\u6d3b\u8dc3\u4e8e\u94f6\u884c\u4e1a--\u5fb7\u610f\u5fd7\u94f6\u884c\u8463\u4e8b\u4f1a\u6210\u5458<\/li>\n<li>\u5fd9\u4e8e\u4e8c\u6218\u540e\u8001\u6c49\u838e\u7684\u6e05\u7b97\u5de5\u4f5c<\/li>\n<\/ul>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img decoding=\"async\" class=\"alignnone\" title=\"\u5e93\u5c14\u7279-\u514b\u5c3c\u666e\u592b \u6c49\u838e\u822a\u7a7a\u96c6\u56e2\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image28.png\" alt=\"Kurt Knipfer Lufthansa Group\" width=\"298\" height=\"358\" \/><\/a><\/p>\n<p><b>Kurt Knipfer<\/b><\/p>\n<ul>\n<li>\u76d1\u4e8b\u4f1a\u6210\u5458<\/li>\n<li>\u653f\u5e9c\u5b98\u5458--\u8054\u90a6\u4ea4\u901a\u90e8\u822a\u7a7a\u5c40\u5c40\u957f<\/li>\n<\/ul>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>\u6267\u884c\u56e2\u961f<\/b><\/h3>\n<p><b>\u00a0<\/b><\/p>\n<p><b>Carsten Spohr\uff0c\u4e3b\u5e2d\u517c\u9996\u5e2d\u6267\u884c\u5b98\uff082014 \u5e74 5 \u6708\u81f3\u4eca\uff09 \uff1a <\/b><\/p>\n<p>\u5de5\u4e1a\u5de5\u7a0b\u5e08\u83b7\u5f97\u4e86\u98de\u884c\u5458\u6267\u7167\uff0c\u7136\u540e\u57281994\u5e74\u52a0\u5165\u6c49\u838e\u822a\u7a7a\uff0c\u6700\u521d\u62c5\u4efb\u4e2a\u4eba\u52a9\u7406\uff0c\u7136\u540e\u62c5\u4efb\u4e86\u8bb8\u591a\u804c\u4f4d\u3002\u73b0\u5728\u4ed6\u8d1f\u8d23\u7ba1\u7406\u7f51\u7edc\u822a\u7a7a\u516c\u53f8\u3001\u6b27\u6d32\u822a\u7a7a\u516c\u53f8\u548c\u822a\u7a7a\u670d\u52a1\u90e8\u95e8\u3002<\/p>\n<p><b>Remco Steenbergen\uff0c\u9996\u5e2d\u8d22\u52a1\u5b98\uff082021 \u5e74\u81f3\u4eca\uff09\uff1a <\/b><\/p>\n<p>\u5de5\u5546\u7ba1\u7406\u7855\u58eb\uff0c\u6ce8\u518c\u4f1a\u8ba1\u5e08\u3002\u5728 2021 \u5e74\u52a0\u5165\u6c49\u838e\u822a\u7a7a\u4e4b\u524d\uff0c\u62e5\u6709 40 \u5e74\u7684\u4f1a\u8ba1\u5e08\u5de5\u4f5c\u7ecf\u9a8c\u3002\u73b0\u5728\uff0c\u4ed6\u8d1f\u8d23\u8d22\u52a1\u90e8\uff0c\u5305\u62ec\u63a7\u5236\u548c\u98ce\u9669\u7ba1\u7406\u3001\u4f01\u4e1a\u8d22\u52a1\u3001\u4f1a\u8ba1\u3001\u8d44\u4ea7\u8d1f\u503a\u8868\u3001\u7a0e\u52a1\u3001\u91c7\u8d2d\u4ee5\u53ca\u5e76\u8d2d\u548c\u6295\u8d44\u8005\u5173\u7cfb\u3002<\/p>\n<p><b>Detlef Kayser\uff0c\u9996\u5e2d\u8fd0\u8425\u5b98\uff082019 \u5e74\u81f3\u4eca\uff09\uff1a <\/b><\/p>\n<p>\u822a\u7a7a\u822a\u5929\u5de5\u7a0b\u5e08\u66fe\u5728\u9ea6\u80af\u9521\u516c\u53f8\u62c5\u4efb\u8fc7\u5404\u79cd\u804c\u52a1\u3002\u73b0\u5728\uff0c\u4ed6\u8d1f\u8d23\u6c49\u838e\u822a\u7a7a\u7684\u6240\u6709\u8fd0\u8425\u6d41\u7a0b\u3001\u673a\u961f\u548c\u57fa\u7840\u8bbe\u65bd\u7ba1\u7406\uff0c\u4ee5\u53ca\u56e0 2020 \u5e74\u5927\u6d41\u884c\u75c5\u800c\u63a8\u51fa\u7684\u5168\u96c6\u56e2\u91cd\u7ec4\u8ba1\u5212 \"ReNew\"\u3002<\/p>\n<p><b>\u8fc8\u514b\u5c14-\u5c3c\u683c\u66fc\uff08Michael Niggemann\uff09--\u9996\u5e2d\u4eba\u529b\u8d44\u6e90\u4e0e\u6cd5\u52a1\u5b98\uff082020 \u5e74\u81f3\u4eca\uff09\uff1a<\/b>\u00a0 \u00a0 \u00a0 \u00a0 \u5f8b\u5e08\uff0c2007 \u5e74\u52a0\u5165\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u4e4b\u524d\uff0c\u4ed6\u662f HOCHTIEF AG \u516c\u53f8\u7684\u5185\u90e8\u6cd5\u5f8b\u987e\u95ee\u3002\u52a0\u5165\u6c49\u838e\u822a\u7a7a\u540e\uff0c\u4ed6\u5728\u6cd5\u52a1\u90e8\u62c5\u4efb\u8fc7\u591a\u4e2a\u7ba1\u7406\u804c\u4f4d\u3002<\/p>\n<p><b><\/b><b>Christina Foerster - \u9996\u5e2d\u5ba2\u6237\u5b98\uff082020 \u5e74\u81f3\u4eca\uff09\uff1a<\/b><\/p>\n<p>MBA \u7684\u804c\u4e1a\u751f\u6daf\u59cb\u4e8e BCG \u96c6\u56e2\u7684\u987e\u95ee\u804c\u4f4d\uff0c2002 \u5e74\u8f6c\u6295\u6c49\u838e\u822a\u7a7a\uff0c\u62c5\u4efb\u4f01\u4e1a\u9879\u76ee\u7ecf\u7406\uff0c\u4e4b\u540e\u62c5\u4efb\u4ea7\u54c1\u5f00\u53d1\u603b\u7ecf\u7406\u3001\u6bd4\u5229\u65f6\u96c6\u56e2\u822a\u7a7a\u516c\u53f8\u9996\u5e2d\u6267\u884c\u5b98\u7b49\u804c\u3002\u73b0\u5728\uff0c\u5979\u8d1f\u8d23\u5ba2\u6237\u3001IT \u548c\u4f01\u4e1a\u7b49\u4e1a\u52a1\u9886\u57df\u3002<\/p>\n<p><strong>Harry Hohmeister - \u9996\u5e2d\u5546\u52a1\u5b98\uff082013 \u5e74\u81f3\u4eca\uff09\uff1a<\/strong><\/p>\n<p>\u5728\u5546\u4e1a\u822a\u7a7a\u8fd0\u8f93\u9886\u57df\uff0c\u4ed6\u804c\u4e1a\u751f\u6daf\u7684\u5927\u90e8\u5206\u65f6\u95f4\u90fd\u662f\u5728\u6c49\u838e\u96c6\u56e2\u5ea6\u8fc7\u7684\uff0c\u4ed6\u4e8e 1985 \u5e74\u52a0\u5165\u6c49\u838e\u96c6\u56e2\u3002\u73b0\u5728\uff0c\u4ed6\u8d1f\u8d23\u534f\u8c03\u6c49\u838e\u96c6\u56e2\u6240\u6709\u5ba2\u8fd0\u822a\u7a7a\u516c\u53f8\u7684\u7f51\u7edc\u89c4\u5212\u3001\u6536\u76ca\u7ba1\u7406\u3001\u8c03\u5ea6\u548c\u9500\u552e\u3002<\/p>\n<p><b>\u00a0\u5907\u6ce8\uff1a <\/b>\u57282022\u5e743\u67082\u65e5\u7684\u4f1a\u8bae\u4e0a\uff0c\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u76d1\u4e8b\u4f1a\u51b3\u5b9a\u63d0\u524d\u4e0e\u514b\u91cc\u65af\u8482\u5a1c-\u798f\u65af\u7279\uff08Christina Foerster\uff09\u548c\u8fc8\u514b\u5c14-\u5c3c\u683c\u66fc\uff08Michael Niggemann\uff09\u7eed\u7ea6\u4e94\u5e74\uff0c\u76f4\u81f32027\u5e7412\u670831\u65e5\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u98ce\u9669\u56e0\u7d20<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p>2022 \u5e74\u98ce\u9669\u9884\u6d4b - \u4e4c\u514b\u5170\u5371\u673a<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5f71\u54cd\u5168\u7403\u822a\u7a7a\u516c\u53f8\u7684\u4fdd\u9669\u8303\u56f4<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u539f\u6cb9\u4ef7\u683c\u66b4\u6da8<\/li>\n<li aria-level=\"1\">\u751f\u6d3b\u548c\u80fd\u6e90\u6210\u672c\u7684\u589e\u52a0\u5bf9\u6d88\u8d39\u8005\u7684\u4fe1\u5fc3\u548c\u5bf9\u98de\u884c\u7684\u9700\u6c42\u4ea7\u751f\u8d1f\u9762\u5f71\u54cd\u3002<\/li>\n<\/ol>\n<p>\u672a\u6765\u51e0\u5e74\u7684\u6f5c\u5728\u98ce\u9669\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u71c3\u6cb9\u4ef7\u683c\u53d8\u52a8 \u6c49\u838e\u822a\u7a7a\u96c6\u56e2\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image12.jpg\" alt=\"Fuel price movements Lufthansa Group\" width=\"746\" height=\"468\" \/><\/a><\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>\u71c3\u6599\u4ef7\u683c\u53d8\u52a8<\/b><\/h3>\n<p>\u71c3\u6cb9\u4ef7\u683c\u7684\u5267\u70c8\u6ce2\u52a8\u4f1a\u5bf9\u6536\u76ca\u4ea7\u751f\u91cd\u5927\u5f71\u54cd\u3002\u5982\u679c 2022 \u5e74\u5e74\u5e95\u7684\u71c3\u6cb9\u4ef7\u683c\u53d8\u5316\u4e3a +10%\uff08-10%\uff09\uff0c\u6c49\u838e\u96c6\u56e2\u7684\u9884\u671f\u6536\u76ca\u5728\u5bf9\u51b2\u540e\u5c06\u589e\u52a0\uff08\u51cf\u5c11\uff09 2.61 \u4ebf\u6b27\u5143\uff08-3.61 \u4ebf\u6b27\u5143\uff09\u3002<\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>\u8bc4\u7ea7\u4e0b\u8c03<\/b><\/h3>\n<p><b>\u00a0<\/b><\/p>\n<p>\u6c49\u838e\u822a\u7a7a\u7684\u4fe1\u7528\u8bc4\u7ea7\u5728 2020 \u5e74\u88ab\u964d\u81f3\u975e\u6295\u8d44\u7ea7\u3002\u8fd9\u5bf9\u8be5\u516c\u53f8\u6765\u8bf4\u878d\u8d44\u66f4\u52a0\u56f0\u96be\uff0c\u964d\u4f4e\u4e86\u501f\u8d37\u8d44\u672c\u7684\u80fd\u529b\uff0c\u589e\u52a0\u4e86\u878d\u8d44\u6210\u672c\u3002<\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>\u7f51\u7edc<\/b><\/h3>\n<p><b>\u00a0<\/b><\/p>\n<p>\u81ea\u51a0\u72b6\u75c5\u6bd2\u5371\u673a\u4ee5\u6765\uff0c\u5168\u7403\u8303\u56f4\u5185\u7684\u7f51\u7edc\u653b\u51fb\u4e0d\u65ad\u589e\u52a0\u3002\u9ed1\u5ba2\u8d8a\u6765\u8d8a\u4e13\u4e1a\uff0c\u8d8a\u6765\u8d8a\u56fd\u9645\u5316\uff0c\u6570\u91cf\u4e5f\u8d8a\u6765\u8d8a\u591a\u3002  \u4e0e\u6b64\u540c\u65f6\uff0c\u6c49\u838e\u96c6\u56e2\u4e1a\u52a1\u6d41\u7a0b\u7684\u6570\u5b57\u5316\u7a0b\u5ea6\u4e5f\u5728\u4e0d\u65ad\u63d0\u9ad8\uff0c\u8fd9\u610f\u5473\u7740\u7f51\u7edc\u653b\u51fb\u7684\u6f5c\u5728\u5f71\u54cd\u53ef\u80fd\u4f1a\u7ee7\u7eed\u5347\u7ea7\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u4e1a\u52a1\u677f\u5757\u00a0\u00a0<\/b><\/h2>\n<h2 style=\"font-size: 25px; text-align: center;\"><strong style=\"color: var(--ast-global-color-2); font-size: 22px; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">\u00a0<\/strong><\/h2>\n<h2 style=\"font-size: 25px; text-align: left;\"><strong style=\"color: var(--ast-global-color-2); font-size: 22px; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">-\u7f51\u7edc\u822a\u7a7a\u516c\u53f8<\/strong><\/h2>\n<p><strong>\u00a0<\/strong><\/p>\n<p>\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u3001\u745e\u58eb\u822a\u7a7a\u516c\u53f8\u3001\u5965\u5730\u5229\u822a\u7a7a\u516c\u53f8\u548c\u5e03\u9c81\u585e\u5c14\u822a\u7a7a\u516c\u53f8<\/p>\n<p>\u591a\u67a2\u7ebd\u6218\u7565\uff1a\u4e3a\u5ba2\u6237\u63d0\u4f9b\u4f18\u8d28\u7684\u4ea7\u54c1\u548c\u670d\u52a1\u3001\u5168\u9762\u7684\u822a\u7ebf\u7f51\u7edc\u4ee5\u53ca\u6700\u9ad8\u6c34\u5e73\u7684\u65c5\u884c\u7075\u6d3b\u6027\u3002<\/p>\n<p style=\"text-align: justify;\"><b>\u2013<\/b><strong style=\"color: var(--ast-global-color-2); font-size: 22px; text-align: center; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">\u6b27\u6d32\u822a\u7a7a\u516c\u53f8<\/strong><\/p>\n<p>Eurowings \u5b9a\u4f4d\u4e3a\u6b27\u6d32\u79c1\u4eba\u548c\u5546\u52a1\u65c5\u884c\u7684\u8d85\u503c\u822a\u7a7a\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u6b27\u6d32\u70b9\u5bf9\u70b9\u8fd0\u8f93\uff0c\u4e3a\u5ba2\u6237\u63d0\u4f9b\u4f4e\u6210\u672c\u3001\u7075\u6d3b\u7684\u521b\u65b0\u670d\u52a1\u3002<\/p>\n<p><strong style=\"color: var(--ast-global-color-2); font-size: 22px; text-align: center; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">-\u7269\u6d41<\/strong><\/p>\n<p>\u6c49\u838e\u8d27\u8fd0\u80a1\u4efd\u516c\u53f8\u5728\u5168\u7403\u8303\u56f4\u5185\u63d0\u4f9b\u822a\u7a7a\u8d27\u8fd0\u548c\u7269\u6d41\u670d\u52a1\u3002<\/p>\n<p><strong style=\"color: var(--ast-global-color-2); font-size: 22px; text-align: center; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">-MRO<\/strong><\/p>\n<p>\u6c49\u838e\u6280\u672f\u516c\u53f8\uff08Lufthansa Technik\uff09\uff1a\u6c11\u7528\u548c\u5546\u7528\u98de\u673a MRO \u9886\u57df\u7684\u9886\u5148\u4e2a\u4f53\u4f9b\u5e94\u5546\u3002<\/p>\n<p><b>\u00a0\u00a0\u00a0MRO: \u7ef4\u62a4\u3001\u4fee\u7406\u548c\u5927\u4fee<\/b><\/p>\n<p><b>\u2013<\/b><strong style=\"color: var(--ast-global-color-2); font-size: 22px; text-align: center; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">\u9910\u996e\u4e1a<\/strong><\/p>\n<p>LSG Sky Chefs\uff1a\u5168\u7403\u98df\u54c1\u4e13\u5bb6\uff0c\u4e3a\u822a\u7a7a\u516c\u53f8\u3001\u9001\u8d27\u4e0a\u95e8\u5e02\u573a\u548c\u96f6\u552e\u4e1a\u63d0\u4f9b\u6700\u9ad8\u536b\u751f\u548c\u8d28\u91cf\u6807\u51c6\u7684\u98df\u54c1\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u4ea7\u54c1\u5b9a\u4f4d\u00a0<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<ul>\n<li>\u591a\u822a\u7a7a\u516c\u53f8\u7684\u5546\u4e1a\u6a21\u5f0f<\/li>\n<\/ul>\n<p>\u6c49\u838e\u96c6\u56e2\u7684\u4ea4\u901a\u7cfb\u7edf\u6b63\u5728\u8f6c\u53d8\u4e3a\u4e00\u4e2a\u591a\u4ea4\u901a\u7cfb\u7edf\uff0c\u5305\u62ec\u67a2\u7ebd\u3001\u70b9\u5bf9\u70b9\u4ea4\u901a\u548c\u591a\u5f0f\u8054\u8fd0\u670d\u52a1\u3002<\/p>\n<ul>\n<li>\u8d8a\u6765\u8d8a\u5173\u6ce8\u53ef\u6301\u7eed\u6027\u548c\u793e\u4f1a\u8d23\u4efb<\/li>\n<\/ul>\n<p><strong>-<\/strong>\u6295\u8d44\u4e8e\u7701\u6cb9\u7684\u98de\u673a<\/p>\n<p><strong>-<\/strong>\u5728\u4ea7\u54c1\u548c\u670d\u52a1\u5f00\u53d1\u4e2d\u5e94\u7528 \"\u51cf\u5c11-\u56de\u6536-\u518d\u5229\u7528-\u66ff\u4ee3 \"\u539f\u5219\u3002<\/p>\n<ul>\n<li>\u5236\u5b9a \"ReNew \"\u91cd\u7ec4\u8ba1\u5212\uff0c\u4ee5\u5e94\u5bf9\u4e0e\u5371\u673a\u76f8\u5173\u7684\u5e02\u573a\u5d29\u6e83\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u00a0\u75bc\u75db\u70b9<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<ul>\n<li>\u6c49\u838e\u822a\u7a7a\u5f88\u53ef\u80fd\u4f1a\u5728\u77ed\u9014\u822a\u7ebf\u4e0a\u4e0e\u745e\u5b89\u822a\u7a7a\u6253\u4ef7\u683c\u6218\uff0c\u5728\u957f\u9014\u822a\u7ebf\u4e0a\u4e0e\u8054\u5408\u822a\u7a7a\u6253\u4ef7\u683c\u6218\uff0c\u4ee5\u62a2\u5360\u5e02\u573a\u4efd\u989d\u3002\u66f4\u591a\u7684\u6536\u8d2d\u548c\u5408\u5e76\u4e8b\u4ef6\u53ef\u4ee5\u5e2e\u52a9\u8be5\u516c\u53f8\u5360\u636e\u66f4\u591a\u7684\u5e02\u573a\u4efd\u989d\u3002<\/li>\n<li>\u6c49\u838e\u822a\u7a7a\u7ecf\u5386\u4e86\u5927\u6d41\u884c\u540e\u7684\u8270\u96be\u65f6\u671f\uff0c\u4ed6\u4eec\u7684\u76c8\u5229\u80fd\u529b\u5728\u5168\u7403\u90a3\u4e9b\u822a\u7a7a\u516c\u53f8\u4e2d\u5904\u4e8e\u6700\u4f4e\u6c34\u5e73\u3002<\/li>\n<\/ul>\n<p><b>\u00a0<\/b><\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\" \u5168\u7403\u7ade\u4e89\u5206\u6790 \u6c49\u838e\u822a\u7a7a\u96c6\u56e2\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image11.png\" alt=\" Competitive Analysis Globally Lufthansa Group\" width=\"1362\" height=\"1283\" \/><\/a><\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u5168\u7403\u8303\u56f4\u5185\u7684\u7ade\u4e89\u5206\u6790<\/b><\/h2>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u8005\u5173\u7cfb\u90e8<\/p>\n<p>\u4e9a\u6d32\u3002\u5357\u65b9\u822a\u7a7a\u516c\u53f8\uff08\u673a\u961f\u89c4\u6a21\uff1a644\uff09\uff0c\u5168\u65e5\u7a7a\u822a\u7a7a\u516c\u53f8\uff08214\uff09\u3002<\/p>\n<p>\u6b27\u6d32\u3002\u745e\u5b89\u822a\u7a7a(511), \u6cd5\u56fd\u822a\u7a7a(212)<\/p>\n<p>\u7f8e\u56fd\u3002\u7f8e\u56fd\u8054\u5408\u822a\u7a7a(839), \u8fbe\u7f8e\u822a\u7a7a(877)<\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td>\u606f\u7a0e\u524d\u5229\u6da6(EBIT)<\/td>\n<td>\u6d41\u52a8\u6bd4\u7387<\/td>\n<td>D\/E\u6bd4\u503c<\/td>\n<td>\u624b\u5934\u7684\u73b0\u91d1<\/td>\n<td>\u5e02\u503c<\/td>\n<td>\u8239\u961f\u89c4\u6a21<\/td>\n<\/tr>\n<tr>\n<td>\u6c49\u838e\u822a\u7a7a<\/td>\n<td>$-2.4B<\/td>\n<td>0.32x<\/td>\n<td>3.72<\/td>\n<td>$10.1B<\/td>\n<td>$7.3B<\/td>\n<td>713<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u56fd\u8054\u5408\u822a\u7a7a\u516c\u53f8<\/td>\n<td>$-1.02B<\/td>\n<td>1.04x<\/td>\n<td>18.05<\/td>\n<td>$18.44B<\/td>\n<td>$12.31B<\/td>\n<td>839<\/td>\n<\/tr>\n<tr>\n<td>\u8fbe\u7f8e\u822a\u7a7a<\/td>\n<td>$1.87B<\/td>\n<td>0.65x<\/td>\n<td>23.66<\/td>\n<td>$9.955B<\/td>\n<td>$20.6B<\/td>\n<td>877<\/td>\n<\/tr>\n<tr>\n<td>\u4e2d\u56fd\u5357\u65b9<\/td>\n<td>$-2.1B<\/td>\n<td>0.34x<\/td>\n<td>2.56<\/td>\n<td>$3.35B<\/td>\n<td>$14.67B<\/td>\n<td>644<\/td>\n<\/tr>\n<tr>\n<td>\u6cd5\u56fd\u822a\u7a7a\u516c\u53f8<\/p>\n<p>KLM<\/td>\n<td>$-2.99B<\/td>\n<td>1.02x<\/td>\n<td>0.98<\/td>\n<td>$10.8B<\/td>\n<td>$3.94B<\/td>\n<td>212<\/td>\n<\/tr>\n<tr>\n<td>\u745e\u5b89\u822a\u7a7a<\/td>\n<td>$-0.98B<\/td>\n<td>1.28x<\/td>\n<td>1.67<\/td>\n<td>$3.68B<\/td>\n<td>$15.01B<\/td>\n<td>511<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u5bd3\u610f\u3002<\/strong><\/p>\n<ol>\n<li>\u6c49\u838e\u822a\u7a7a\u5728\u8fd9\u4e9b\u822a\u7a7a\u516c\u53f8\u4e2dEBIT\u6700\u4f4e\uff0c\u8868\u660e\u540e\u5927\u6d41\u884c\u65f6\u671f\u7684\u76c8\u5229\u80fd\u529b\u5f88\u5f31\u3002<\/li>\n<li>\u5c06\u6d41\u52a8\u6bd4\u7387\u548c\u5e93\u5b58\u73b0\u91d1\u8fd9\u4e24\u9879\u6307\u6807\u7ed3\u5408\u8d77\u6765\uff0c\u53ef\u4ee5\u770b\u51fa\u6bcf\u5bb6\u516c\u53f8\u7684\u6d41\u52a8\u6027\u95ee\u9898\u3002  \u9996\u7b14 20 \u4ebf\u6b27\u5143\u7684\u5faa\u73af\u4fe1\u8d37\u989d\u5ea6\u4fdd\u969c\u4e86\u5176\u5feb\u901f\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\uff0c\u5e76\u964d\u4f4e\u4e86\u9762\u4e34\u8d22\u52a1\u56f0\u96be\u7684\u53ef\u80fd\u6027\u3002<\/li>\n<\/ol>\n<p>3.\u7f8e\u56fd\u822a\u7a7a\u516c\u53f8\u7684D\/E\u6bd4\u7387\u660e\u663e\u8f83\u5927\uff0c\u610f\u5473\u7740\u4ed6\u4eec\u501f\u4e86\u5927\u91cf\u7684\u503a\u52a1\u6765\u4e3a\u4ed6\u4eec\u7684\u6d3b\u52a8\u63d0\u4f9b\u8d44\u91d1\uff0c\u8fd9\u5bf9\u4e8e\u957f\u671f\u503a\u52a1\u4e49\u52a1\u6765\u8bf4\u662f\u6709\u70b9\u98ce\u9669\u7684\u3002<\/p>\n<p><b>\u00a0<\/b><\/p>\n<h1><b><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6c49\u838e\u96c6\u56e2\u5f53\u524d\u8d44\u4ea7\u8d1f\u503a\u8868\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image24.png\" alt=\"Current Balance Sheet Lufthansa Group\" width=\"400\" height=\"589\" \/><\/a><\/b><\/h1>\n<h2><\/h2>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u5f53\u524d\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u00a0\u00a0\u00a0\u00a0\u00a0<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u8fc7\u53bb\u4e24\u5e74\u4e2d\uff0c\u5e93\u5b58\u548c\u957f\u671f\u6295\u8d44\u51cf\u5c11\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u957f\u671f\u503a\u52a1\u51e0\u4e4e\u6bd4\u75ab\u60c5\u524d\u7ffb\u4e86\u4e00\u756a\u3002\u5982\u679c\u6ca1\u6709\u8db3\u591f\u7684\u73b0\u91d1\u6765\u507f\u8fd8\u503a\u52a1\uff0c\u6c49\u838e\u822a\u7a7a\u5c06\u9762\u4e34\u7834\u4ea7\u7684\u6f5c\u5728\u98ce\u9669\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u8fc7\u53bb\u4e24\u5e74\u7684\u8d1f\u7559\u5b58\u6536\u76ca\u610f\u5473\u7740\u6c49\u838e\u822a\u7a7a\u96be\u4ee5\u5b9e\u73b0\u76c8\u5229\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u8d44\u672c\u5316\u8981\u6c42<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p>\u6765\u6e90\u4e8e\u6295\u8d44\u767e\u79d1<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>\u5e74<\/b><\/td>\n<td><b>\u73b0\u91d1<\/b><\/td>\n<\/tr>\n<tr>\n<td>2005<\/td>\n<td>\u20ac1,173.00<\/td>\n<\/tr>\n<tr>\n<td>2006<\/td>\n<td>\u20ac455.00<\/td>\n<\/tr>\n<tr>\n<td>2007<\/td>\n<td>\u20ac2,079.00<\/td>\n<\/tr>\n<tr>\n<td>2008<\/td>\n<td>\u20ac1,444.00<\/td>\n<\/tr>\n<tr>\n<td>2009<\/td>\n<td>\u20ac1,136.00<\/td>\n<\/tr>\n<tr>\n<td>2010<\/td>\n<td>\u20ac1,097.00<\/td>\n<\/tr>\n<tr>\n<td>2011<\/td>\n<td>\u20ac887.00<\/td>\n<\/tr>\n<tr>\n<td>2012<\/td>\n<td>\u20ac1,436.00<\/td>\n<\/tr>\n<tr>\n<td>2013<\/td>\n<td>\u20ac1,552.00<\/td>\n<\/tr>\n<tr>\n<td>2014<\/td>\n<td>\u20ac953.00<\/td>\n<\/tr>\n<tr>\n<td>2015<\/td>\n<td>\u20ac1,099.00<\/td>\n<\/tr>\n<tr>\n<td>2016<\/td>\n<td>\u20ac1,256.00<\/td>\n<\/tr>\n<tr>\n<td>2017<\/td>\n<td>\u20ac1,397.00<\/td>\n<\/tr>\n<tr>\n<td>2018<\/td>\n<td>\u20ac1,500.00<\/td>\n<\/tr>\n<tr>\n<td>2019<\/td>\n<td>\u20ac1,415.00<\/td>\n<\/tr>\n<tr>\n<td>2020<\/td>\n<td>\u20ac1,806.00<\/td>\n<\/tr>\n<tr>\n<td>2021<\/td>\n<td>\u20ac2,307.00<\/td>\n<\/tr>\n<tr>\n<td>2022(Q1)<\/td>\n<td>\u20ac2,485.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u8d44\u672c\u8981\u6c42 \u6c49\u838e\u822a\u7a7a\u96c6\u56e2\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image37.png\" alt=\"Capitalization Requirements Lufthansa Group\" width=\"642\" height=\"364\" \/><\/a><\/p>\n<ul>\n<li>\u81ea2020\u5e74\u5927\u6d41\u884c\u75c5\u7206\u53d1\u4ee5\u6765\uff0c\u6c49\u838e\u822a\u7a7a\u6301\u6709\u7684\u73b0\u91d1\u6570\u989d\u8d8a\u6765\u8d8a\u591a\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u57282019\u5e74\u548c2021\u5e74\u4e4b\u95f4\uff0c\u6c49\u838e\u822a\u7a7a\u6301\u6709\u7684\u73b0\u91d1\u589e\u52a0\u4e861.75\u500d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u6c49\u838e\u822a\u7a7a\u7684\u6536\u5165\u4f4e\u5f97\u591a\uff0c\u4f46\u4ecd\u6709\u5927\u91cf\u7684\u56fa\u5b9a\u6210\u672c\u548c\u503a\u52a1\u3002\u56e0\u6b64\uff0c\u6301\u6709\u66f4\u591a\u73b0\u91d1\u7684\u884c\u52a8\u662f\u5408\u7406\u7684\uff0c\u53ef\u4ee5\u5e2e\u52a9\u6c49\u838e\u822a\u7a7a\u907f\u514d\u4e00\u4e9b\u6709\u5173\u6d41\u52a8\u8d44\u91d1\u7684\u6f5c\u5728\u98ce\u9669\u3002<\/li>\n<\/ul>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>\n<p><b><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u8d44\u672c\u8981\u6c42 \u6c49\u838e\u822a\u7a7a\u96c6\u56e2\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image1.png\" alt=\"Capitalization Requirements Lufthansa Group\" width=\"201\" height=\"453\" \/><\/a><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"DE \u6bd4\u4f8b \u6c49\u838e\u822a\u7a7a\u96c6\u56e2\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image18.png\" alt=\"DE ratio Lufthansa Group\" width=\"712\" height=\"364\" \/><\/a><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6c49\u838e\u96c6\u56e2\u8d44\u672c\u7ed3\u6784\u997c\u56fe\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image9.png\" alt=\"Capital structure pie chart Lufthansa Group\" width=\"443\" height=\"310\" \/><\/a><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2020 \u5e74 Covid-19 \u7206\u53d1\u65f6\uff0c\u6c49\u838e\u822a\u7a7a\u7684\u8d44\u4ea7\u8d1f\u503a\u7387\u6781\u9ad8\u30022021 \u5e74\u548c 2022 \u5e74\uff0c\u7531\u4e8e\u516c\u53f8\u80a1\u672c\u8d2c\u503c\u4ee5\u53ca\u4e0e\u516c\u53f8\u5229\u6da6\u76f8\u5173\u7684\u7559\u5b58\u6536\u76ca\u4e3a\u8d1f\u503c\uff0c\u56e0\u6b64\u8d44\u4ea7\u8d1f\u503a\u7387\u4ecd\u9ad8\u4e8e\u75ab\u60c5\u7206\u53d1\u524d\u7684\u6c34\u5e73\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5bf9\u6c49\u838e\u822a\u7a7a\u6765\u8bf4\uff0c\u507f\u8fd8\u503a\u52a1\u662f\u6709\u98ce\u9669\u7684\uff0c\u4f46\u5e78\u8fd0\u7684\u662f\uff0c\u5176\u6301\u6709\u7684\u73b0\u91d1\u6b63\u5728\u589e\u52a0\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u822a\u7a7a\u4e1a\u7684\u5e02\u76c8\u7387\u901a\u5e38\u8f83\u9ad8\uff0c\u4f46\u6c49\u838e\u822a\u7a7a\u7684\u5e02\u76c8\u7387\u76f8\u5bf9\u4f4e\u4e8e\u5176\u7ade\u4e89\u5bf9\u624b\uff0c\u8fd9\u610f\u5473\u7740\u5b83\u9762\u4e34\u7684\u6f5c\u5728\u7834\u4ea7\u98ce\u9669\u8f83\u5c0f\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">75%\u7684\u8d44\u672c\u662f\u7531\u503a\u52a1\u878d\u8d44\u7684\uff0c\u8fd9\u6bd4\u5176\u7ade\u4e89\u5bf9\u624b\u4f4e\uff0c\u4f46\u4ecd\u8868\u660e\u6c49\u838e\u822a\u7a7a\u4e25\u91cd\u4f9d\u8d56\u503a\u52a1\u878d\u8d44\u3002<\/li>\n<\/ul>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6c49\u838e\u96c6\u56e2\u503a\u52a1\u878d\u8d44\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image7.png\" alt=\"debt financing lufthansa Group\" width=\"1296\" height=\"582\" \/><\/a><\/p>\n<p>\u6765\u6e90\u4e8e\u6295\u8d44\u767e\u79d1<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u76c8\u4e8f\u5e73\u8861\u5206\u6790\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2022\/07\/Break-Even-Analysis.png\" alt=\"Break-Even Analysis\" width=\"900\" height=\"450\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76c8\u4e8f\u5e73\u8861\u8f7d\u5ba2\u7387\uff08BLF\uff09\u662f\u6307\u4ee5\u5f53\u524d\u5e73\u5747\u7968\u4ef7\u8ba1\u7b97\u7684\u5e73\u5747\u822a\u73ed\u4e0a\u5fc5\u987b\u5750\u6ee1\u5ea7\u4f4d\u7684\u5e73\u5747\u767e\u5206\u6bd4\uff0c\u8fd9\u6837\u822a\u7a7a\u516c\u53f8\u7684\u5ba2\u8fd0\u6536\u5165\u624d\u80fd\u4e0e\u8fd0\u8425\u652f\u51fa\u6301\u5e73\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u539f\u6765\u8ba1\u7b97\u7684BLF\u5927\u4e8e1\uff0c\u8fd9\u662f\u4e0d\u53ef\u80fd\u7684\u3002\u7531\u4e8e\u6c49\u838e\u822a\u7a7a\u4e5f\u6709\u6765\u81ea\u4ea4\u901a\u7684\u6536\u5165\uff0c\u51cf\u53bb\u5176\u4ed6\u6536\u5165\u53ef\u4ee5\u964d\u4f4e\u4e58\u5ba2\u9700\u8981\u652f\u4ed8\u7684\u5e73\u5747\u8fd0\u8425\u8d39\u7528\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u8c03\u6574\u540e\u7684BLF\u4e3a0.82\uff0c\u6211\u4eec\u89c2\u5bdf\u5230BLF\u7684\u4e0b\u964d\u8d8b\u52bf\u548c\u5b9e\u9645\u8f7d\u5ba2\u7387\u7684\u4e0a\u5347\u8d8b\u52bf\uff0c\u8868\u660e\u6c49\u838e\u822a\u7a7a\u6b63\u5728\u4ece\u5927\u6d41\u884c\u75c5\u7684\u5f71\u54cd\u4e2d\u6062\u590d\u8fc7\u6765\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4e0e2019\u5e74\u76f8\u6bd4\uff0c\u5b9e\u9645\u8d1f\u8377\u7387\u968f\u7740\u6536\u5165\u7684\u51cf\u5c11\u800c\u4e0b\u964d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">BLF\u9884\u6d4b\u663e\u793a\uff0cBLF\u603b\u662f\u9ad8\u4e8e\u5b9e\u9645\u8f7d\u5ba2\u7387\uff0c\u8868\u660e\u6c49\u838e\u822a\u7a7a\u672a\u80fd\u652f\u4ed8\u5176\u8fd0\u8425\u8d39\u7528\u3002\u56e0\u6b64\uff0c\u6c49\u838e\u822a\u7a7a\u5728\u8fc7\u53bb\u4e94\u4e2a\u5b63\u5ea6\u7684\u51c0\u6536\u5165\u6301\u7eed\u4e3a\u8d1f\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5982\u679c\u6c49\u838e\u822a\u7a7a\u7ee7\u7eed\u8fd9\u6837\u8868\u73b0\uff0c\u4ed6\u4eec\u5c06\u9762\u4e34\u635f\u5931\u548c\u6f5c\u5728\u7834\u4ea7\u7684\u9ad8\u98ce\u9669\u3002<\/li>\n<\/ul>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u81ea\u7531\u73b0\u91d1\u6d41\u8ba1\u7b97 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image22.png\" alt=\"Free Cash flow Calculation \" width=\"1248\" height=\"294\" \/><\/a><\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u4f30\u503c\u8ba1\u7b97 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image4.png\" alt=\"Valuation Calculation \" width=\"339\" height=\"295\" \/><\/a><\/p>\n<p><a href=\"https:\/\/investor-relations.lufthansagroup.com\/en\/publications\/financial-reports.html\">\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/a><\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u8d34\u73b0\u73b0\u91d1\u6d41\u9884\u6d4b<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u540eCovid\u65f6\u671f\uff08\u8fc7\u53bb\u4e94\u4e2a\u5b63\u5ea6\uff09\u7684EBIT\u4e3a\u8d1f\u6570\uff0c\u8868\u660e\u6c49\u838e\u822a\u7a7a\u8fd8\u6ca1\u6709\u4eceCovid-19\u7684\u5f71\u54cd\u4e2d\u6062\u590d\u8fc7\u6765\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4f7f\u7528\u81ea\u7531\u73b0\u91d1\u6d41\u65b9\u6cd5\u5c06\u5f97\u5230\u4e00\u4e2a\u8d1f\u7684\u7ec8\u7ed3\u503c\uff0c\u8fd9\u53ef\u80fd\u65e0\u6cd5\u4ee3\u8868\u6c49\u838e\u822a\u7a7a\u7684\u5b9e\u9645\u672a\u6765\u8868\u73b0\u3002\u56e0\u6b64\uff0c\u6700\u7ec8\u4ef7\u503c\u662f\u6839\u636e\u5e73\u5747EV\/EBIT\u9000\u51fa\u500d\u6570\u6765\u8ba1\u7b97\u7684\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u6839\u636e\u5bf9\u672a\u6765\u4e94\u4e2a\u5b63\u5ea6\u73b0\u91d1\u6d41\u7684\u9884\u6d4b\uff0c\u4f30\u8ba1\u6bcf\u80a1\u4ef7\u503c\u4e3a 4.45 \u6b27\u5143\uff0c\u4f4e\u4e8e\u76ee\u524d\u7684\u5e02\u573a\u4ef7\u683c\u3002\u8fd9\u610f\u5473\u7740\u6c49\u838e\u822a\u7a7a\u7684\u80a1\u4ef7\u5728 Covid-19 \u4e4b\u540e\u53ef\u80fd\u4f1a\u7ee7\u7eed\u4e0b\u8dcc\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u6295\u8d44\u8005\u5e94\u8003\u8651 DCF \u6a21\u578b\u4e2d\u672a\u76f4\u63a5\u53cd\u6620\u7684\u3001\u5f71\u54cd\u4f30\u503c\u7ed3\u679c\u7684\u5176\u4ed6\u56e0\u7d20\u3002\u4f8b\u5982\uff0c\u5728\u5c01\u9501\u7ed3\u675f\u540e\uff0c\u4eba\u4eec\u5bf9\u65c5\u884c\u7684\u5f3a\u70c8\u6e34\u671b\u53ef\u80fd\u4f1a\u5bfc\u81f4\u673a\u7968\u9700\u6c42\u6fc0\u589e\uff0c\u4ece\u800c\u4f7f 2021 \u5e74\u521d\u7684\u6536\u5165\u6025\u5267\u589e\u957f\u3002\u7136\u800c\uff0c\u5f53\u4eba\u4eec\u5728\u75ab\u60c5\u7ed3\u675f\u540e\u9010\u6e10\u6062\u590d\u6b63\u5e38\u751f\u6d3b\u65f6\uff0c\u6536\u5165\u589e\u957f\u7387\u5c31\u4f1a\u653e\u7f13\u3002\u4f8b\u5982\uff0c\u5728 2022 \u5e74\u521d\uff0c\u6536\u5165\u589e\u957f\u7387\u5c06\u8f6c\u4e3a\u8d1f\u503c\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u73b0\u91d1\u6d41\u91cf\u8868<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>\n<table>\n<tbody>\n<tr>\n<td><b><i>\u7ed3\u675f\u7684\u8d22\u653f\u5e74\u5ea6<\/i><\/b><\/td>\n<td><b><i>12\/31\/2017<\/i><\/b><\/td>\n<td><b><i>12\/31\/2018<\/i><\/b><\/td>\n<td><b><i>12\/31\/2019<\/i><\/b><\/td>\n<td><b><i>12\/31\/2020<\/i><\/b><\/td>\n<td><b><i>12\/31\/2021<\/i><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><i>\u8d27\u5e01<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u51c0\u6536\u5165<\/b><\/td>\n<td><b>2,340.00<\/b><\/td>\n<td><b>2,163.00<\/b><\/td>\n<td><b>1,213.00<\/b><\/td>\n<td><b>(6,725.00)<\/b><\/td>\n<td><b>(2,191.00)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u6298\u65e7\u53ca\u644a\u9500\u3002<\/td>\n<td>1,941.00<\/td>\n<td>2,072.00<\/td>\n<td>2,575.00<\/td>\n<td>2,436.00<\/td>\n<td>2,083.00<\/td>\n<\/tr>\n<tr>\n<td>\u5546\u8a89\u548c\u65e0\u5f62\u8d44\u4ea7\u7684\u644a\u9500<\/td>\n<td>98.00<\/td>\n<td>92.00<\/td>\n<td>112.00<\/td>\n<td>128.00<\/td>\n<td>107.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u6298\u65e7\u53ca\u644a\u9500\uff0c\u5171\u8ba1<\/b><\/td>\n<td><b>2,039.00<\/b><\/td>\n<td><b>2,164.00<\/b><\/td>\n<td><b>2,687.00<\/b><\/td>\n<td><b>2,564.00<\/b><\/td>\n<td><b>2,190.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u644a\u9500<\/td>\n<td>\u2013<\/td>\n<td>7.00<\/td>\n<td>9.00<\/td>\n<td>21.00<\/td>\n<td>15.00<\/td>\n<\/tr>\n<tr>\n<td>(\u51fa\u552e\u8d44\u4ea7\u7684\uff08\u6536\u76ca\uff09\u635f\u5931<\/td>\n<td>(32.00)<\/td>\n<td>(33.00)<\/td>\n<td>22.00<\/td>\n<td>30.00<\/td>\n<td>33.00<\/td>\n<\/tr>\n<tr>\n<td>(\u51fa\u552e\u6295\u8d44\u7684\uff08\u6536\u76ca\uff09\u635f\u5931\u3002<\/td>\n<td>78.00<\/td>\n<td>12.00<\/td>\n<td>(2.00)<\/td>\n<td>(21.00)<\/td>\n<td>(3.00)<\/td>\n<\/tr>\n<tr>\n<td>\u8d44\u4ea7\u51cf\u503c\u548c\u91cd\u7ec4\u6210\u672c<\/td>\n<td>178.00<\/td>\n<td>(6.00)<\/td>\n<td>42.00<\/td>\n<td>1,808.00<\/td>\n<td>83.00<\/td>\n<\/tr>\n<tr>\n<td>(\u80a1\u7968\u6295\u8d44\u7684\uff08\u6536\u5165\uff09\u635f\u5931\u3002<\/td>\n<td>(157.00)<\/td>\n<td>(174.00)<\/td>\n<td>(168.00)<\/td>\n<td>264.00<\/td>\n<td>(2.00)<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u7ecf\u8425\u6d3b\u52a8<\/td>\n<td>(38.00)<\/td>\n<td>(158.00)<\/td>\n<td>(82.00)<\/td>\n<td>(1,120.00)<\/td>\n<td>(592.00)<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u51c0\u8fd0\u8425\u8d44\u4ea7\u7684\u53d8\u5316<\/td>\n<td>960.00<\/td>\n<td>134.00<\/td>\n<td>309.00<\/td>\n<td>851.00<\/td>\n<td>1,085.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u884c\u52a8\u5904\u7684\u73b0\u91d1\u3002<\/b><\/td>\n<td><b>5,368.00<\/b><\/td>\n<td><b>4,109.00<\/b><\/td>\n<td><b>4,030.00<\/b><\/td>\n<td><b>(2,328.00)<\/b><\/td>\n<td><b>618.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u8d44\u672c\u652f\u51fa<\/td>\n<td>(3,548.00)<\/td>\n<td>(4,097.00)<\/td>\n<td>(3,717.00)<\/td>\n<td>(1,249.00)<\/td>\n<td>(1,318.00)<\/td>\n<\/tr>\n<tr>\n<td>\u51fa\u552e\u8d22\u4ea7\u3001\u5382\u623f\u548c\u8bbe\u5907<\/td>\n<td>142.00<\/td>\n<td>146.00<\/td>\n<td>132.00<\/td>\n<td>442.00<\/td>\n<td>211.00<\/td>\n<\/tr>\n<tr>\n<td>\u73b0\u91d1\u6536\u8d2d<\/td>\n<td>191.00<\/td>\n<td>(12.00)<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u8d44\u4ea7\u5265\u79bb<\/td>\n<td>\u2013<\/td>\n<td>4.00<\/td>\n<td>3.00<\/td>\n<td>(218.00)<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>\u6295\u8d44\u4e8e\u6709\u4ef7\u8bc1\u5238\u548c\u80a1\u6743\u8bc1\u5238\u3002<\/td>\n<td>67.00<\/td>\n<td>1,083.00<\/td>\n<td>(598.00)<\/td>\n<td>(1,440.00)<\/td>\n<td>(1,943.00)<\/td>\n<\/tr>\n<tr>\n<td>\u53d1\u8d77\/\u51fa\u552e\u7684\u8d37\u6b3e\u51c0\u989d\uff08\u589e\u52a0\uff09\u4e0b\u964d<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u6295\u8d44\u6d3b\u52a8<\/td>\n<td>(1,858.00)<\/td>\n<td>(393.00)<\/td>\n<td>313.00<\/td>\n<td>123.00<\/td>\n<td>24.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u6765\u81ea\u6295\u8d44\u7684\u73b0\u91d1<\/b><\/td>\n<td><b>(5,006.00)<\/b><\/td>\n<td><b>(3,269.00)<\/b><\/td>\n<td><b>(3,867.00)<\/b><\/td>\n<td><b>(2,342.00)<\/b><\/td>\n<td><b>(3,024.00)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5df2\u53d1\u884c\u7684\u77ed\u671f\u503a\u52a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u5df2\u53d1\u884c\u7684\u957f\u671f\u503a\u52a1<\/td>\n<td>1,106.00<\/td>\n<td>987.00<\/td>\n<td>3,843.00<\/td>\n<td>6,738.00<\/td>\n<td>6,144.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u5df2\u53d1\u884c\u7684\u503a\u52a1\u603b\u989d<\/b><\/td>\n<td><b>1,106.00<\/b><\/td>\n<td><b>987.00<\/b><\/td>\n<td><b>3,843.00<\/b><\/td>\n<td><b>6,738.00<\/b><\/td>\n<td><b>6,144.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u507f\u8fd8\u7684\u77ed\u671f\u503a\u52a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u507f\u8fd8\u7684\u957f\u671f\u503a\u52a1<\/td>\n<td>(967.00)<\/td>\n<td>(1,196.00)<\/td>\n<td>(3,413.00)<\/td>\n<td>(1,724.00)<\/td>\n<td>(5,070.00)<\/td>\n<\/tr>\n<tr>\n<td><b>\u507f\u8fd8\u7684\u503a\u52a1\u603b\u989d<\/b><\/td>\n<td><b>(967.00)<\/b><\/td>\n<td><b>(1,196.00)<\/b><\/td>\n<td><b>(3,413.00)<\/b><\/td>\n<td><b>(1,724.00)<\/b><\/td>\n<td><b>(5,070.00)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u53d1\u884c\u666e\u901a\u80a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>306.00<\/td>\n<td>3,309.00<\/td>\n<\/tr>\n<tr>\n<td>\u56de\u8d2d\u666e\u901a\u80a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>(1,218.00)<\/td>\n<\/tr>\n<tr>\n<td>\u652f\u4ed8\u7684\u666e\u901a\u80a1\u606f<\/td>\n<td>(232.00)<\/td>\n<td>(349.00)<\/td>\n<td>(381.00)<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td><b>\u5df2\u4ed8\u80a1\u5229\u603b\u989d<\/b><\/td>\n<td><b>(232.00)<\/b><\/td>\n<td><b>(349.00)<\/b><\/td>\n<td><b>(381.00)<\/b><\/td>\n<td><b>\u2013<\/b><\/td>\n<td><b>\u2013<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5df2\u652f\u4ed8\u7684\u7279\u522b\u80a1\u606f<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u878d\u8d44\u6d3b\u52a8<\/td>\n<td>(152.00)<\/td>\n<td>(68.00)<\/td>\n<td>(210.00)<\/td>\n<td>(244.00)<\/td>\n<td>(291.00)<\/td>\n<\/tr>\n<tr>\n<td><b>\u6765\u81ea\u878d\u8d44\u7684\u73b0\u91d1<\/b><\/td>\n<td><b>(245.00)<\/b><\/td>\n<td><b>(626.00)<\/b><\/td>\n<td><b>(161.00)<\/b><\/td>\n<td><b>5,076.00<\/b><\/td>\n<td><b>2,874.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5916\u6c47\u6c47\u7387\u8c03\u6574\u3002<\/td>\n<td>(37.00)<\/td>\n<td>2.00<\/td>\n<td>(5.00)<\/td>\n<td>(33.00)<\/td>\n<td>33.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u73b0\u91d1\u51c0\u53d8\u5316<\/b><\/td>\n<td><b>80.00<\/b><\/td>\n<td><b>216.00<\/b><\/td>\n<td><b>(3.00)<\/b><\/td>\n<td><b>373.00<\/b><\/td>\n<td><b>501.00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u73b0\u91d1\u6d41\u91cf\u8868\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image8.png\" alt=\"Cash Flow Statement\" width=\"582\" height=\"357\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2020 \u5e74\uff0c\u6765\u81ea\u8fd0\u8425\u548c\u51c0\u6536\u5165\u7684\u73b0\u91d1\u5927\u5e45\u51cf\u5c11\uff0c\u800c\u6765\u81ea\u6295\u8d44\u548c\u878d\u8d44\u7684\u73b0\u91d1\u5219\u6709\u6240\u589e\u52a0\u3002Covid-19 \u5927\u6d41\u884c\u5bf9\u6c49\u838e\u822a\u7a7a\u7684\u73b0\u91d1\u6d41\u4ea7\u751f\u4e86\u4e25\u91cd\u5f71\u54cd\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u6c49\u838e\u822a\u7a7a\u5728\u5927\u6d41\u884c\u75c5\u671f\u95f4\u53d1\u884c\u4e86\u66f4\u591a\u957f\u671f\u503a\u52a1\uff0c\u51cf\u5c11\u4e86\u8d44\u672c\u652f\u51fa\u6295\u8d44\u3002\u7136\u800c\uff0c2020 \u5e74\u548c 2021 \u5e74\u7684\u9ad8\u989d\u503a\u52a1\u53ef\u80fd\u4f1a\u4f7f\u516c\u53f8\u8d22\u52a1\u4e0d\u7a33\u5b9a\u3002\u6b64\u5916\uff0c\u8d44\u672c\u8d44\u4ea7\u6295\u8d44\u7684\u51cf\u5c11\u4e5f\u4f1a\u9650\u5236\u516c\u53f8\u7684\u957f\u671f\u589e\u957f\u6f5c\u529b\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u6c49\u838e\u822a\u7a7a\u6b63\u5728\u4ece\u7ecf\u8425\u6d3b\u52a8\u4e2d\u7684Covid-19\u7684\u51b2\u51fb\u4e2d\u6062\u590d\u8fc7\u6765\uff0c\u51c0\u6536\u5165\u6709\u6240\u589e\u957f\u3002\u7136\u800c\uff0c\u5982\u679c\u51c0\u6536\u5165\u7ee7\u7eed\u4e3a\u8d1f\u6570\uff0c\u6c49\u838e\u822a\u7a7a\u5c31\u65e0\u6cd5\u76c8\u5229\uff0c\u5c06\u9762\u4e34\u7834\u4ea7\u7684\u98ce\u9669\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u884c\u4e1a\u5e73\u5747\u4f30\u503c\u500d\u6570<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><b>12\u670829\u65e5-2017\u5e74<\/b><\/td>\n<td><b>12\u670828\u65e5-2018\u5e74<\/b><\/td>\n<td><b>12\u670830\u65e5-2019\u5e74<\/b><\/td>\n<td><b>12\u670830\u65e5-2020\u5e74<\/b><\/td>\n<td><b>12\u670830\u65e5-2021\u5e74<\/b><\/td>\n<td><b>7\u670828\u65e5-2022\u5e74<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>TEV\/LTM EBITDA<\/b><\/td>\n<td>2.61x<\/td>\n<td>2.50x<\/td>\n<td>2.80x<\/td>\n<td>5.82x<\/td>\n<td>\u5317\u7f8e\u6d32<\/td>\n<td>26.81x<\/td>\n<\/tr>\n<tr>\n<td><b>TEV\/LTM EBIT<\/b><\/td>\n<td>4.28x<\/td>\n<td>3.74x<\/td>\n<td>5.57x<\/td>\n<td>8.63x<\/td>\n<td>\u5317\u7f8e\u6d32<\/td>\n<td>\u5317\u7f8e\u6d32<\/td>\n<\/tr>\n<tr>\n<td><b>P\/BV<\/b><\/td>\n<td>1.34x<\/td>\n<td>1.20x<\/td>\n<td>0.86x<\/td>\n<td>0.75x<\/td>\n<td>2.37x<\/td>\n<td>1.47x<\/td>\n<\/tr>\n<tr>\n<td><b>TEV\/LTM\u603b\u6536\u5165<\/b><\/td>\n<td>0.33x<\/td>\n<td>0.37x<\/td>\n<td>0.37x<\/td>\n<td>0.42x<\/td>\n<td>1.31x<\/td>\n<td>1.01x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u56fe\u8868 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image30.png\" alt=\"Graph \" width=\"534\" height=\"342\" \/><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4e0a\u56fe\u663e\u793a\u4e86\u8fc7\u53bb\u516d\u5e74\u7684\u4f30\u503c\u500d\u6570\u7684\u8d8b\u52bf\uff0c\u5305\u62ec\u5927\u6d41\u884c\u524d\u548c\u5927\u6d41\u884c\u540e\u7684\u65f6\u671f\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4e00\u4e9b\u500d\u6570\u5982TEV\/LTM EBITDA\u548cTEV\/LTM EBIT\u57282020\u5e74\u4e4b\u524d\u662f\u7a33\u5b9a\u7684\u4f30\u503c\u6307\u6807\uff0c\u4f46\u5728\u5927\u6d41\u884c\u671f\u95f4\u7531\u4e8eEBITDA\u548cEBIT\u4e3a\u8d1f\u6570\uff0c\u53d8\u5f97\u4e0d\u518d\u6709\u610f\u4e49\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5bf9\u4e8e\u4e0d\u76c8\u5229\u7684\u516c\u53f8\uff0c\u6700\u597d\u770b EV\/Revenue \u548c P\/B ratio\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u7531\u4e8eEV\/Revenue\u5c0f\u4e8e1\uff0c\u6c49\u838e\u822a\u7a7a\u7684\u4ef7\u503c\u53ef\u80fd\u88ab\u4f4e\u4f30\uff0c\u503c\u5f97\u5728Covid-19\u4e4b\u524d\u6295\u8d44\u3002\u7136\u800c\uff0c\u968f\u7740EV\/Revenue\u7684\u589e\u52a0\u548c\u5927\u6d41\u884c\u75c5\u540eEV\/EBITDA\u6bd4\u7387\u7684\u7279\u522b\u9ad8\uff0c\u8be5\u516c\u53f8\u53ef\u80fd\u88ab\u9ad8\u4f30\u4e86\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>IPO\u4ee5\u6765\u7684\u80a1\u4ef7<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p>\u6765\u6e90\u4e8e\u6295\u8d44\u767e\u79d1<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6c49\u838e\u822a\u7a7a\u7684\u4efd\u989d\uff1a\u4e3b\u8981\u6570\u636e\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image26.png\" alt=\"The Lufthansa share: Key figures\" width=\"680\" height=\"532\" \/><\/a><\/p>\n<ul>\n<li>\u6c49\u838e\u822a\u7a7a\u81ea1966\u5e74\u4ee5\u6765\u4e00\u76f4\u5728\u6240\u6709\u5fb7\u56fd\u8bc1\u5238\u4ea4\u6613\u6240\u516c\u5f00\u4ea4\u6613\u3002<\/li>\n<li>\u6c49\u838e\u822a\u7a7a\u6700\u65e9\u7684\u9996\u6b21\u516c\u5f00\u53d1\u884c\u65e5\u671f\u662f 1996 \u5e74 12 \u6708 16 \u65e5\uff0c\u6bcf\u80a1\u4ef7\u683c\u4e3a 10.65 \u6b27\u5143\uff0c\u53d1\u884c\u91cf\u4e3a 761200 \u80a1\u3002<\/li>\n<li>\u6c49\u838e\u822a\u7a7a\u57282017\u5e7412\u670817\u65e5\u8fbe\u5230\u6700\u9ad8\u80a1\u4ef731.055\u6b27\u5143\uff0c\u57282021\u5e7411\u670821\u65e5\u8fbe\u5230\u6700\u4f4e\u80a1\u4ef75.416\u6b27\u5143\u3002<\/li>\n<\/ul>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u7ade\u4e89\u5bf9\u624b\u7d22\u5f15\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2022\/07\/Competitor-Index.png\" alt=\"Competitor Index\" width=\"900\" height=\"450\" \/><\/a><\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><strong>1.\u6cd5\u56fd\u822a\u7a7a\u516c\u53f8<\/strong><\/h3>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6cd5\u56fd\u822a\u7a7a\u516c\u53f8\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image31.png\" alt=\"Air France\" width=\"1999\" height=\"566\" \/><\/a><\/p>\n<p>\u6765\u6e90\uff1a\u96c5\u864e\u8d22\u7ecf<\/p>\n<p>\u901a\u8fc7\u4ece\u96c5\u864e\u8d22\u7ecf\uff08yahoo finance\uff09\u4e0b\u8f7d\u6570\u636e\u5e76\u5728 excel \u4e2d\u5c06\u6570\u636e\u53ef\u89c6\u5316\uff0c\u4e0a\u56fe\u4ee3\u8868\u4e86\u6cd5\u822a\u81ea 2000 \u5e74\u4ee5\u6765\u7684\u6574\u4f53\u80a1\u4ef7\u8d70\u52bf\u30022007 \u5e74 5 \u6708 27 \u65e5\uff0c\u6cd5\u822a\u80a1\u4ef7\u8fbe\u5230\u6700\u9ad8\u70b9\uff0c\u4e3a 38.3 \u6b27\u5143\u3002  \u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c\u5927\u6d41\u884c\u75c5\u5bf9\u5176\u80a1\u4ef7\u7684\u5f71\u54cd\u4ecd\u7136\u6bd4\u8f83\u5927\u30022020 \u5e74\u521d\uff0c\u8be5\u516c\u53f8\u7ecf\u5386\u4e86\u4e00\u6b21\u4e25\u91cd\u7684\u80a1\u4ef7\u4e0b\u8dcc\uff0c\u5f53\u65f6\u51e0\u4e4e\u89e6\u53ca\u5386\u53f2\u80a1\u4ef7\u6700\u4f4e\u70b9\u3002\u6211\u4eec\u4e5f\u4e0d\u96be\u53d1\u73b0\uff0c\u6cd5\u822a\u7684\u80a1\u4ef7\u6700\u8fd1\u4e5f\u521b\u4e0b\u4e86\u81ea\u5df1\u7684\u5386\u53f2\u65b0\u4f4e\u3002\u56e0\u6b64\uff0c\u6211\u8bbe\u8ba1\u4e86\u4ee5\u4e0b Python \u7b97\u6cd5\u6765\u6d4b\u91cf 2022 \u5e74 6 \u6708\u5e95\u81f3 7 \u6708\u521d\u7684\u80a1\u4ef7\u62a5\u4ef7\u3002<\/p>\n<p><strong>\u7b97\u6cd5\uff1a<\/strong><\/p>\n<p>\u8fd9\u79cd\u65b9\u6cd5\u80cc\u540e\u7684\u903b\u8f91\u662f\u901a\u8fc7\u4f7f\u7528Investing.com\u4f5c\u4e3a\u6570\u636e\u5e93\uff0c\u6839\u636e\u516c\u53f8\u7684\u540d\u79f0\u548c\u56fd\u5bb6\u83b7\u5f97\u6700\u8fd1\u7684\u80a1\u7968\u4ef7\u683c\u4fe1\u606f\u3002\u5728\u8fd9\u4e2a\u7279\u5b9a\u7684\u6848\u4f8b\u4e2d\uff0c\u4ece\u8be5\u7f51\u7ad9\u63d0\u4f9b\u7684\u6240\u6709\u5386\u53f2\u80a1\u7968\u4ef7\u683c\u4e2d\u627e\u5230\u4e86\u6cd5\u822a\u7684\u8fd1\u671f\u80a1\u7968\u4ef7\u683c\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u5386\u53f2\u80a1\u4ef7 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image34.png\" alt=\"historical stock prices \" width=\"1790\" height=\"332\" \/><\/a><\/p>\n<p>\u4ee5\u4e0b\u662f Python \u7684\u7ed3\u679c\uff1a<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\" \u6765\u81ea Python \u7684\u7ed3\u679c\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image20.png\" alt=\" results from Python\" width=\"1778\" height=\"408\" \/><\/a><\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><strong>2.\u7a7a\u6c14\u00a0\u00a0\u00a0\u00a0<\/strong><\/h3>\n<p>\u6982\u8ff0\u3002<\/p>\n<p>\u6765\u6e90\uff1a\u96c5\u864e\u8d22\u7ecf<\/p>\n<p>\u901a\u8fc7\u4ece\u96c5\u864e\u8d22\u7ecf\u4e0b\u8f7d\u6570\u636e\u5e76\u5728 excel \u4e2d\u5c06\u6570\u636e\u53ef\u89c6\u5316\uff0c\u4e0a\u56fe\u5c55\u793a\u4e86 AIR \u81ea 1980 \u5e74\u4ee5\u6765\u7684\u6574\u4f53\u80a1\u4ef7\u8d70\u52bf\u3002\u8be5\u516c\u53f8\u5728 2020 \u5e74\u4e5f\u56e0\u5927\u6d41\u884c\u75c5\u800c\u7ecf\u5386\u4e86\u4e00\u6b21\u4e25\u91cd\u7684\u80a1\u4ef7\u4e0b\u8dcc\uff0c\u4f46\u4ee4\u4eba\u60ca\u8bb6\u7684\u662f\uff0c\u6b64\u540e\u80a1\u4ef7\u7ee7\u7eed\u5448\u4e0a\u5347\u8d8b\u52bf\u3002\u6211\u4f7f\u7528\u4e0a\u8ff0\u76f8\u540c\u7684 python \u7b97\u6cd5\u6d4b\u91cf\u4e86 2022 \u5e74 6 \u6708\u5e95\u81f3 7 \u6708\u521d AIR \u7684\u80a1\u4ef7\u62a5\u4ef7\uff0c\u7ed3\u679c\u5982\u4e0b\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u7a7a\u6c14 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image40-1.png\" alt=\"Air \" width=\"1762\" height=\"386\" \/><\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><strong>3.\u745e\u5b89\u822a\u7a7a<\/strong><\/h3>\n<p>\u6982\u8ff0\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u745e\u5b89\u822a\u7a7a \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image23.png\" alt=\"Ryan Air \" width=\"1999\" height=\"723\" \/><\/p>\n<p>\u901a\u8fc7\u4ece\u96c5\u864e\u8d22\u7ecf\u4e0b\u8f7d\u6570\u636e\uff0c\u5e76\u5728excel\u4e2d\u5c06\u6570\u636e\u53ef\u89c6\u5316\uff0c\u4e0a\u56fe\u4ee3\u8868\u4e86\u745e\u5b89\u822a\u7a7a\u81ea1997\u5e74\u4ee5\u6765\u7684\u6574\u4f53\u80a1\u4ef7\u8d70\u52bf\u3002\u8be5\u516c\u53f8\u57282020\u5e74\u56e0\u5927\u6d41\u884c\u75c5\u7ecf\u5386\u4e86\u4e25\u91cd\u7684\u80a1\u4ef7\u4e0b\u8dcc\uff1b\u4ed6\u4eec\u57282021\u5e74\u521d\u5f00\u59cb\u53cd\u5f39\uff0c\u4f46\u4ece\u4eca\u5e74\u5f00\u59cb\uff0c\u4ed6\u4eec\u518d\u6b21\u7ecf\u5386\u4e86\u80a1\u4ef7\u4e0b\u8dcc\u3002\u6211\u7528\u4e0a\u9762\u7684python\u7b97\u6cd5\u6765\u8861\u91cf\u745e\u5b89\u822a\u7a7a2022\u5e746\u6708\u5e95\u52307\u6708\u521d\u7684\u80a1\u4ef7\u62a5\u4ef7\uff0c\u4e0b\u9762\u662f\u7ed3\u679c\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u745e\u5b89\u822a\u7a7a\u516c\u53f8 1\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image36-1024x213.png\" alt=\"Ryan Air 1\" width=\"1024\" height=\"213\" \/><\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><strong>4.\u6c49\u838e\u822a\u7a7a<\/strong><strong>\u00a0<\/strong><\/h3>\n<p>\u6982\u8ff0\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6c49\u838e\u822a\u7a7a\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image33.png\" alt=\"Lufthansa\" width=\"1999\" height=\"1186\" \/><\/p>\n<p>\u6765\u6e90\uff1a\u96c5\u864e\u8d22\u7ecf<\/p>\n<p>\u901a\u8fc7\u67e5\u770b\u96c5\u864e\u8d22\u7ecf\u7684\u6570\u636e\u548c\u53ef\u89c6\u5316\u6570\u636e\uff0c\u4e0a\u56fe\u4ee3\u8868\u4e86\u6c49\u838e\u822a\u7a7a\u81ea 1996 \u5e74\u4ee5\u6765\u7684\u6574\u4f53\u80a1\u4ef7\u8d70\u52bf\u3002\u81ea\u5927\u6d41\u884c\u75c5\u4ee5\u6765\uff0c\u5176\u80a1\u4ef7\u666e\u904d\u4e0b\u8dcc\uff0c\u5e76\u5728\u4eca\u5e74\u521b\u4e0b\u4e86\u5386\u53f2\u65b0\u4f4e\u3002\u6211\u4f7f\u7528\u4e0a\u8ff0\u76f8\u540c\u7684 python \u7b97\u6cd5\u6d4b\u91cf\u4e86\u6c49\u838e\u822a\u7a7a 2022 \u5e74 6 \u6708\u5e95\u81f3 7 \u6708\u521d\u7684\u80a1\u4ef7\u62a5\u4ef7\uff0c\u7ed3\u679c\u5982\u4e0b\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6c49\u838e\u822a\u7a7a 1\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image6.png\" alt=\"Lufthansa 1\" width=\"1904\" height=\"426\" \/><\/a><\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><strong>\u516c\u53f8\u89c4\u6a21 - DAX \u6307\u6570<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>\u6982\u8ff0\uff1a\u6765\u6e90\uff1a\u96c5\u864e\u8d22\u7ecf<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"DAX \u6027\u80fd \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image5.png\" alt=\"DAX Performance \" width=\"1999\" height=\"1197\" \/><\/a><\/p>\n<ul>\n<li><b><\/b>\u81ea\u5927\u6d41\u884c\u75c5\u4ee5\u6765\uff0c\u80a1\u7968\u4ef7\u683c\u666e\u904d\u4e0b\u8dcc<\/li>\n<li>\u4eca\u5e74\u4ee5\u6765\u7565\u5fae\u4e0b\u964d<\/li>\n<li>\u4e0d\u5728\u524d30\u540d\u7684\u7ec4\u4ef6<\/li>\n<\/ul>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u524d 30 \u4e2a\u7ec4\u4ef6 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image16.png\" alt=\"Top 30 Components \" width=\"1954\" height=\"1692\" \/><\/a><\/p>\n<p>\u6765\u6e90\uff1a\u96c5\u864e\u8d22\u7ecf<br \/>\n\u6c47\u7387\u6307\u6570-\u6b27\u5143 \u4e0b\u4e00\u6b65\u8868\u73b0<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u4ea4\u6362\u6307\u6570\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image32.png\" alt=\"Exchange Index\" width=\"1999\" height=\"1110\" \/><\/a><\/p>\n<p>\u6765\u6e90\uff1a\u96c5\u864e\u8d22\u7ecf<\/p>\n<ul>\n<li>\u81ea\u5927\u6d41\u884c\u75c5\u4ee5\u6765\uff0c\u80a1\u7968\u4ef7\u683c\u666e\u904d\u4e0b\u8dcc<\/li>\n<li>\u4e0d\u5728\u524d30\u540d\u7684\u7ec4\u4ef6<\/li>\n<\/ul>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u524d 30 \u4e2a\u7ec4\u4ef6\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image2-1-1024x994.png\" alt=\"Top 30 components\" width=\"1024\" height=\"994\" \/><\/a><\/p>\n<p>\u6765\u6e90\uff1a\u96c5\u864e\u8d22\u7ecf<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u5e02\u573a\u7814\u7a76\u00a0<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p><b>\u8c01\u662f\u516c\u53f8\u7684\u76ee\u6807\u5ba2\u6237\uff1f<\/b><\/p>\n<p>\u56db\u4e2a\u7c7b\u522b\uff1a\u5ba2\u8fd0\u822a\u7a7a\u516c\u53f8\u3001\u7269\u6d41\u4e1a\u52a1\u3001MRO\u548c\u9910\u996e\u4e1a\u3002<\/p>\n<p>\u7f51\u7edc\u822a\u7a7a\u516c\u53f8\uff1a\u4e3a\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u3001\u745e\u58eb\u822a\u7a7a\u516c\u53f8\u3001\u5965\u5730\u5229\u822a\u7a7a\u516c\u53f8\u548c\u5e03\u9c81\u585e\u5c14\u822a\u7a7a\u516c\u53f8\u7684\u5ba2\u6237\u63d0\u4f9b\u4f18\u8d28\u4ea7\u54c1\u548c\u670d\u52a1\u3002\u6b27\u6d32\u4e0e\u5317\u7f8e\u3001\u5168\u65e5\u7a7a\uff08ANA\uff09\u3001\u6b27\u6d32\u4e0e\u65e5\u672c\u3001\u65b0\u52a0\u5761\u4e0e\u4e2d\u56fd\u4e4b\u95f4\u5206\u522b\u6709\u5546\u4e1a\u5408\u8d44\u4f01\u4e1a\u3002<\/p>\n<p>2021\u5e74\uff0c\u5b83\u603b\u5171\u8fd0\u9001\u4e863920\u4e07\u540d\u4e58\u5ba2\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u4ea4\u901a\u6570\u5b57 \u7f51\u7edc\u822a\u7a7a\u516c\u53f8 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image41.png\" alt=\"Traffic Figures Network Airlines \" width=\"499\" height=\"295\" \/><\/a><\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u4ea4\u901a\u533a\u57df\u8d8b\u52bf\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image14-1.png\" alt=\"Trends in Traffic Regions\" width=\"902\" height=\"309\" \/><\/a><\/p>\n<p><b>lufthansagroup.com<\/b><br \/>\n\u57282021\u5e74\u590f\u5929\uff0c\u5728\u53ea\u6709\u6709\u9650\u7684\u6216\u6ca1\u6709\u65c5\u884c\u9650\u5236\u7684\u60c5\u51b5\u4e0b\uff0c\u98de\u5f80\u6b27\u6d32\u5ea6\u5047\u76ee\u7684\u5730\u548c\u957f\u9014\u65c5\u6e38\u76ee\u7684\u5730\u7684\u822a\u73ed\u9700\u6c42\u5f3a\u52b2\u4e0a\u5347\u3002\u540e\u6765\u5728\u5ba3\u5e03\u653e\u5bbd\u5bf9\u7f8e\u56fd\u7684\u65c5\u884c\u9650\u5236\u540e\uff0c\u5728\u5317\u7f8e\u4e5f\u6709\u589e\u52a0\u3002<\/p>\n<p>\u6b27\u6d32\u4e4b\u7ffc\uff1a\u88ab\u5b9a\u4f4d\u4e3a\u5b8c\u5168\u4e13\u6ce8\u4e8e\u6b27\u6d32\u70b9\u5bf9\u70b9\u4ea4\u901a\u7684\u4ef7\u503c\u8f7d\u4f53\u3002\u5305\u62ec\u6b27\u6d32\u4e4b\u7ffc\u548c\u6b27\u6d32\u4e4b\u7ffc\u7684\u98de\u884c\u4e1a\u52a1\uff0c\u4ee5\u53ca\u5bf9\u4e0e\u571f\u8033\u5176\u822a\u7a7a\u516c\u53f8\u7684\u5408\u8d44\u4f01\u4e1aSunExpress\u7684\u80a1\u6743\u6295\u8d44\u3002<\/p>\n<p>\u5728\u6574\u4e2a2021\u5e74\uff0c\u7531\u4e8e\u51e0\u4e4e\u6240\u6709\u7684\u6b27\u6d32\u5730\u533a\u90fd\u51fa\u73b0\u4e86\u9700\u6c42\u7684\u590d\u82cf\uff0c\u6b27\u6d32\u822a\u7a7a\u516c\u53f8\u901a\u8fc7\u76f8\u5e94\u5730\u589e\u52a0\u8fd0\u529b\uff0c\u7075\u6d3b\u800c\u8fc5\u901f\u5730\u505a\u51fa\u4e86\u53cd\u5e94\uff0c\u56e0\u6b64\u7ecf\u8425\u4e1a\u7ee9\u6709\u4e86\u660e\u663e\u7684\u6539\u5584\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u6b27\u6d32\u822a\u7a7a\u516c\u53f8\u4ea4\u901a\u6570\u5b57 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image25.png\" alt=\"Traffic Figures Eurowings \" width=\"528\" height=\"299\" \/><\/p>\n<p>\u6765\u6e90 <b>lufthansagroup.com<\/b><\/p>\n<p>\u7269\u6d41\u4e1a\u52a1\u3002\u822a\u7ebf\u7f51\u7edc\u8986\u76d6100\u591a\u4e2a\u56fd\u5bb6\u7684\u7ea6300\u4e2a\u76ee\u7684\u5730\uff0c\u4f7f\u7528\u6c49\u838e\u822a\u7a7a\u8fd0\u8425\u7684\u8d27\u8fd0\u98de\u673a\u548c\u5ba2\u673a\u7684\u8d27\u8fd0\u80fd\u529b\u3002<\/p>\n<p>MRO \u4e1a\u52a1\uff1a\u6c49\u838e\u6280\u672f\u516c\u53f8\u662f\u4e16\u754c\u9886\u5148\u7684\u6c11\u7528\u5546\u7528\u98de\u673a\u7ef4\u62a4\u3001\u4fee\u7406\u548c\u5927\u4fee\u670d\u52a1\uff08MRO\uff09\u72ec\u7acb\u4f9b\u5e94\u5546\uff0c\u4e3a\u5168\u7403 800 \u591a\u5bb6\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<\/p>\n<p>\u9910\u996e\u4e1a\u52a1\u3002LSG\u96c6\u56e2\u5411\u822a\u7a7a\u516c\u53f8\u63d0\u4f9b\u4e0e\u673a\u4e0a\u670d\u52a1\u6709\u5173\u7684\u5168\u9762\u4ea7\u54c1\u3001\u6982\u5ff5\u548c\u670d\u52a1\u3002<\/p>\n<p><b style=\"color: var(--ast-global-color-2); font-size: 22px; font-style: inherit; text-align: center; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">\u4ed6\u4eec\u5982\u4f55\u6536\u8d2d\u76ee\u6807\u516c\u53f8\uff1f<\/b><\/p>\n<p>\u5728\u8fc7\u53bb\u51e0\u5341\u5e74\u7684208\u7b14\u4ea4\u6613\u4e2d\uff0c\u6c49\u838e\u822a\u7a7a\u4ee5\u73b0\u91d1\u548c\u80a1\u7968\u7684\u6df7\u5408\u65b9\u5f0f\u6536\u8d2d\u76ee\u6807\u516c\u53f8\u3002\u5176\u4e2d\u670967\u7b14\u62ab\u9732\u4e86\u4ea4\u6613\u91d1\u989d\uff1b\u6700\u5927\u4e00\u7b14\u4ea4\u6613\u662f\u57282009\u5e749\u67083\u65e5\uff0c\u6c49\u838e\u822a\u7a7a\u6536\u8d2d\u4e86\u5965\u5730\u5229\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u4ea4\u6613\u6d3b\u52a8 \" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/image29.png\" alt=\"Deal Activity \" width=\"1037\" height=\"544\" \/><\/a><\/p>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>\n<p><b style=\"color: var(--ast-global-color-2); font-size: 22px; font-style: inherit; text-align: center; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\">\u516c\u53f8\u505a\u4ec0\u4e48\u7c7b\u578b\u7684\u8425\u9500\u6765\u63d0\u9ad8\u5176\u54c1\u724c\u77e5\u540d\u5ea6\uff1f<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>\u5bf9COVID-19\u5927\u6d41\u884c\u7684\u5feb\u901f\u53cd\u5e94<\/strong><\/li>\n<\/ul>\n<p>\u6c49\u838e\u96c6\u56e2\u8fc5\u901f\u800c\u5168\u9762\u5730\u5236\u5b9a\u4e86 \"ReNew \"\u91cd\u7ec4\u8ba1\u5212\uff0c\u4ee5\u5e94\u5bf9\u5371\u673a\u5e26\u6765\u7684\u5e02\u573a\u5d29\u6e83\u548c\u8d22\u52a1\u72b6\u51b5\u7684\u53d8\u5316\u3002\u6d41\u52a8\u8d44\u91d1\u5916\u6d41\u6210\u529f\u51cf\u5c11\uff0c\u56fa\u5b9a\u6210\u672c\u5728\u77ed\u671f\u5185\u96c6\u4e2d\u4e86 30% \u4ee5\u4e0a\uff0c\u8d44\u672c\u652f\u51fa\u6bd4\u6700\u521d\u8ba1\u5212\u51cf\u5c11\u4e86\u7ea6\u4e09\u5206\u4e4b\u4e8c\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>\u5f15\u5165\u65b0\u7684\u9910\u996e\u6982\u5ff5\u3002\u00a0<\/strong><\/li>\n<\/ul>\n<p>2021 \u5e74\u4e0a\u534a\u5e74\uff0c\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u3001\u745e\u58eb\u822a\u7a7a\u516c\u53f8\u548c\u5965\u5730\u5229\u822a\u7a7a\u516c\u53f8\u63a8\u51fa\u4e86\u65b0\u7684\u9910\u996e\u6982\u5ff5\u3002\u822a\u7a7a\u516c\u53f8\u4e2d\u77ed\u9014\u822a\u7ebf\u7684\u7ecf\u6d4e\u8231\u4e58\u5ba2\u53ef\u4ee5\u8d2d\u4e70\u5b9a\u5236\u7684\u9ad8\u54c1\u8d28\u98df\u54c1\u3002\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u4e8e 2021 \u5e74 9 \u6708\u5728\u65b0\u7684\u7a7a\u5ba2 A320 \u7cfb\u5217\u98de\u673a\u4e0a\u63a8\u51fa\u4e86\u65b0\u7684\u521b\u65b0\u5ba2\u8231\uff0c\u63d0\u9ad8\u4e86\u4e58\u5ba2\u7684\u65c5\u884c\u8212\u9002\u5ea6\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>\u6ce8\u91cd\u53ef\u6301\u7eed\u6027\u3002<\/strong><\/li>\n<\/ul>\n<p>\u53ef\u6301\u7eed\u6027\u65b9\u9762\u5bf9\u6c49\u838e\u96c6\u56e2\u8d77\u7740\u8d8a\u6765\u8d8a\u91cd\u8981\u7684\u4f5c\u7528\u3002\u4f8b\u5982\uff0c\u5b83\u5df2\u7ecf\u6295\u8d44\u4e8e\u73b0\u4ee3\u548c\u7701\u6cb9\u7684\u98de\u673a\u548c\u53d1\u52a8\u673a\u6280\u672f\uff0c\u4ee5\u51cf\u5c11\u98de\u884c\u4f5c\u4e1a\u7684\u78b3\u6392\u653e\u3002\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u4ea7\u54c1\u548c\u670d\u52a1\u4e5f\u6b63\u5728\u5f00\u53d1\u6216\u6539\u8fdb\uff0c\u4ee5\u4fbf\u4e3a\u5ba2\u6237\u63d0\u4f9b\u6c14\u5019\u4f18\u5316\u7684\u65c5\u884c\u3002\u96c6\u56e2\u7684\u76ee\u6807\u662f\u52302030\u5e74\u5c06\u78b3\u6392\u653e\u51cf\u5c1150%\uff0c\u52302050\u5e74\u5b9e\u73b0\u78b3\u5e73\u8861\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>\u5f00\u53d1\u4e86\u5065\u5eb7\u65c5\u884c\u7684\u6570\u5b57\u670d\u52a1<\/strong><\/li>\n<\/ul>\n<p>\u901a\u8fc7\u5065\u5eb7\u6570\u636e\u89e3\u51b3\u65b9\u6848 \"myHealth Docs\"\uff0c\u65c5\u5ba2\u53ef\u4ee5\u68c0\u67e5\u81ea\u5df1\u662f\u5426\u62e5\u6709\u6240\u6709\u5fc5\u8981\u7684\u5165\u5883\u6587\u4ef6\uff0c\u5e76\u9ad8\u6548\u5730\u5728\u7ebf\u529e\u7406\u767b\u673a\u624b\u7eed\uff0c\u4ece\u800c\u5927\u5927\u51cf\u5c11\u4e86\u5728\u673a\u573a\u7684\u7b49\u5f85\u65f6\u95f4\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u54c1\u724c\u5b9a\u4f4d\u00a0<\/b><\/h2>\n<p><strong>\u83b7\u5956\u60c5\u51b5\u3002<\/strong><\/p>\n<p>\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u5728 2021 \u5e74\u4e16\u754c\u65c5\u6e38\u5956\uff08World Travel Awards\uff09\u8bc4\u9009\u4e2d\u8363\u83b7\u591a\u4e2a\u5956\u9879\u3002\u6c49\u838e\u822a\u7a7a\u5728\u7ecf\u6d4e\u8231\u3001\u4e9a\u6d32\u822a\u7ebf\u548c\u673a\u4e0a\u6742\u5fd7\u65b9\u9762\u88ab\u8bc4\u4e3a\u6b27\u6d32\u9886\u5148\u822a\u7a7a\u516c\u53f8\u3002\u6b64\u5916\uff0c\u8be5\u822a\u7a7a\u516c\u53f8\u8fd8\u56e0\u6700\u4f73\u7ecf\u6d4e\u8231\u5c0f\u5403\u83b7\u5f97 \"\u6b3e\u5f85\u5956\"\uff0c\u56e0\u6700\u4f73\u5305\u88c5\u8bbe\u8ba1\u83b7\u5f97 \"\u5fb7\u56fd\u8bbe\u8ba1\u5956\"\u3002Eurowings \u8363\u83b7\u4e09\u9879 \"2020\/21 \u5e74\u5ea6\u5fb7\u56fd\u5ba2\u6237\u5956\"\uff0c\u5728\u5ba2\u6237\u6ee1\u610f\u5ea6\u3001\u5ba2\u6237\u670d\u52a1\u548c\u7269\u6709\u6240\u503c\u65b9\u9762\u5747\u540d\u5217\u7b2c\u4e00\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>SWOT\u5206\u6790<\/b><\/h2>\n<p><b>\u5f3a\u5ea6\u3002<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u6c49\u838e\u822a\u7a7a\u96c6\u56e2\u5305\u542b\u4e00\u4e9b\u5f3a\u5927\u7684\u54c1\u724c<\/li>\n<\/ul>\n<p>\u745e\u58eb\u822a\u7a7a\u516c\u53f8\u548c\u5965\u5730\u5229\u822a\u7a7a\u516c\u53f8\u5728\u5176\u672c\u571f\u5e02\u573a\u3001\u6c49\u838e\u54c1\u724c\u53ca\u5176\u4e3b\u8981\u5b50\u516c\u53f8\u7684\u54c1\u724c\u4e2d\u62e5\u6709\u6781\u9ad8\u7684\u5fe0\u8bda\u5ea6\u3002\u6c49\u838e\u822a\u7a7a\u96c6\u56e2\u8dfb\u8eab\u4e16\u754c\u6700\u5927\u822a\u7a7a\u516c\u53f8\u4e4b\u5217\uff0c\u5e76\u6210\u4e3a\u6b27\u6d32\u9886\u5148\u7684\u822a\u7a7a\u96c6\u56e2\u3002\u5408\u8d44\u4f01\u4e1a\/\u8054\u76df\u5728\u6c49\u838e\u822a\u7a7a\u7684\u7f51\u7edc\u8fd0\u529b\u4e2d\u5360\u6709\u5f88\u5927\u6bd4\u4f8b\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u8230\u961f\u73b0\u4ee3\u5316\u3002<\/li>\n<\/ul>\n<p>\u7531\u4e8e\u673a\u961f\u7684\u66f4\u65b0\uff0c\u673a\u961f\u7ed3\u6784\u7684\u73b0\u4ee3\u5316\u548c\u7b80\u5316\u6709\u52a9\u4e8e\u51cf\u5c11\u6392\u653e\u3001\u63d0\u9ad8\u71c3\u6cb9\u6548\u7387\u3001\u964d\u4f4e\u7ef4\u62a4\u548c\u5458\u5de5\u6210\u672c\uff0c\u4ece\u800c\u76f4\u63a5\u63d0\u9ad8\u6536\u76ca\u3002\u6c49\u838e\u822a\u7a7a\u5728\u4e0e\u7f8e\u56fd\u8054\u5408\u822a\u7a7a\u516c\u53f8\u3001\u52a0\u62ff\u5927\u822a\u7a7a\u516c\u53f8\u548c\u5168\u65e5\u7a7a\u822a\u7a7a\u516c\u53f8\u7684\u5408\u8d44\u534f\u8bae\u4e2d\u5360\u636e\u4e86\u6709\u5229\u5730\u4f4d\u3002\u5728\u83b7\u5f97\u7ade\u4e89\u4e3b\u7ba1\u673a\u6784\u6279\u51c6\u540e\uff0c\u8fd9\u4e9b\u534f\u8bae\u5141\u8bb8\u53c2\u4e0e\u65b9\u534f\u8c03\u822a\u73ed\u65f6\u523b\u548c\u4ef7\u683c\uff0c\u901a\u5e38\u80fd\u663e\u8457\u63d0\u9ad8\u5355\u4f4d\u6210\u672c\u3002\u8fd9\u6709\u52a9\u4e8e\u62b5\u5fa1\u6d77\u6e7e\u5730\u533a\u822a\u7a7a\u516c\u53f8\u5728\u4e9a\u592a\u5730\u533a\u822a\u7ebf\u4e0a\u65e5\u76ca\u6fc0\u70c8\u7684\u7ade\u4e89\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5f3a\u5927\u7684\u8d44\u4ea7\u8d1f\u503a\u8868<\/li>\n<\/ul>\n<p>2021\u5e74\uff1a\u6062\u590d\u76c8\u5229\u3002\u786e\u4fdd27\u4ebf\u7684\u53ef\u6301\u7eed\u6210\u672c\u524a\u51cf\uff0c\u505c\u6b62\u73b0\u91d1\u5916\u6d41\uff0c\u507f\u8fd8\u5fb7\u56fd\u7a33\u5b9a\uff0c\u5e76\u542f\u52a8\u5168\u9762\u7684\u6295\u8d44\u7ec4\u5408\u5ba1\u67e5\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u9010\u6e10\u4eceCOVID-19\u5927\u6d41\u884c\u4e2d\u6062\u590d\u8fc7\u6765\u3002<\/li>\n<\/ul>\n<p>2022\u5e74\uff1a\u5728\u5e74\u521d\uff0c\u822a\u7a7a\u65c5\u884c\u7684\u9700\u6c42\u53d7\u5230\u5965\u7c73\u52a0\u53d8\u4f53\u6269\u6563\u7684\u663e\u8457\u5f71\u54cd\uff1b\u7136\u800c\uff0c\u5728\u7b2c\u4e00\u5b63\u5ea6\u4e2d\u671f\uff0c\u9700\u6c42\u7684\u53d1\u5c55\u4e0e\u611f\u67d3\u6570\u5b57\u7684\u53d1\u5c55\u8131\u94a9\uff1b\u76f8\u5e94\u5730\uff0c\u5728\u5b63\u5ea6\u672b\uff0c\u8fd0\u529b\u4e5f\u5f97\u5230\u4e86\u5927\u5e45\u6269\u5f20\u3002\u81ea3\u6708\u4ee5\u6765\uff0c\u5f3a\u5927\u7684\u9884\u8ba2\u52bf\u5934\uff0c\u7f51\u7edc\u51e0\u4e4e\u5b8c\u5168\u6062\u590d\uff0c\u9ad8\u7ea7\u7248\u6bd4\u975e\u9ad8\u7ea7\u7248\u6062\u590d\u5f97\u66f4\u5f3a\u3002\u4e0e\u524d\u4e00\u5e74\u76f8\u6bd4\uff0c\u6c49\u838e\u96c6\u56e2\u822a\u7a7a\u516c\u53f82022\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u4ea4\u901a\u6536\u5165\u589e\u52a0\u4e8622.91\u4ebf\u6b27\u5143\u3002<\/p>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>\n<p><b>\u5f31\u70b9\u3002<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u98de\u884c\u64cd\u4f5c\u98ce\u9669\u3002<\/li>\n<\/ul>\n<p>\u6c49\u838e\u96c6\u56e2\u7684\u822a\u7a7a\u516c\u53f8\u9762\u4e34\u7740\u6f5c\u5728\u7684\u98de\u884c\u548c\u6280\u672f\u8fd0\u8425\u98ce\u9669\u3002\u5b83\u53ef\u80fd\u7531\u4e8e\u6280\u672f\u6216\u5916\u90e8\u539f\u56e0\u800c\u65e0\u6cd5\u8fdb\u884c\u6b63\u5e38\u7684\u822a\u73ed\u8fd0\u8425\u3002\u4e8b\u6545\u4ee5\u53ca\u4eba\u5458\u548c\u8d22\u4ea7\u635f\u5931\u7684\u53ef\u80fd\u6027\uff1b\u5206\u4e3a\u73af\u5883\u56e0\u7d20\uff08\u5982\u5929\u6c14\u6216\u9e1f\u51fb\uff09\u3001\u6280\u672f\u56e0\u7d20\uff08\u5982\u53d1\u52a8\u673a\u6545\u969c\uff09\u3001\u7ec4\u7ec7\u56e0\u7d20\uff08\u5982\u6307\u4ee4\u77db\u76fe\uff09\u548c\u4eba\u4e3a\u56e0\u7d20\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u52b3\u52a8\u4e89\u8bae<\/li>\n<\/ul>\n<p>\u5728\u8fc7\u53bb\u7684\u4e00\u5468\u91cc\uff0c\u7531\u4e8e\u5730\u52e4\u4eba\u5458\u4e3e\u884c\u4e86\u7f62\u5de5\uff0c\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u53d6\u6d88\u4e86\u4e24\u4e2a\u67a2\u7ebd\u673a\u573a\u7684\u51e0\u4e4e\u6240\u6709\u822a\u73ed\u3002\u5728\u672c\u5468\u672b\u5168\u56fd\u90e8\u5206\u5730\u533a\u7684\u5ea6\u5047\u5b63\u8282\u5230\u6765\u4e4b\u524d\uff0c\u6cd5\u5170\u514b\u798f\u673a\u573a\u6709\u516d\u767e\u4e03\u5341\u516b\u4e2a\u822a\u73ed\u88ab\u53d6\u6d88\uff0c\u5468\u4e09\u6155\u5c3c\u9ed1\u67a2\u7ebd\u673a\u573a\u53c8\u6709345\u4e2a\u822a\u73ed\u88ab\u53d6\u6d88\u3002\u5927\u7ea613.4\u4e07\u540d\u4e58\u5ba2\u53d7\u5230\u5f71\u54cd\u3002\u8fd9\u6b21\u52b3\u8d44\u7ea0\u7eb7\u662f\u6574\u4e2a\u822a\u7a7a\u4e1a\u4e00\u7cfb\u5217\u4e8b\u4ef6\u4e2d\u7684\u6700\u65b0\u4e8b\u4ef6\u3002\u5b83\u66f4\u5e7f\u6cdb\u5730\u6a2a\u8de8\u6b27\u6d32\uff0c\u5e76\u5bfc\u81f4\u4e86\u91cd\u5927\u7684\u65c5\u884c\u5ef6\u8bef\u548c\u53d6\u6d88\u3002<\/p>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>\n<p><b>\u673a\u4f1a\u3002<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\"ReNew \"\u91cd\u7ec4\u8ba1\u5212\uff1a<\/li>\n<\/ul>\n<p>\u5b83\u4eec\u7684\u76ee\u7684\u662f\u4e3a\u6062\u590d\u79ef\u6781\u7684\u7ecf\u8425\u6210\u679c\u521b\u9020\u6761\u4ef6\u3002\u5373\u4f7f\u5728\u5927\u6d41\u884c\u75c5\u7ed3\u675f\u540e\uff0c\u6211\u4eec\u7684\u76ee\u6807\u662f\u901a\u8fc7\u4e0d\u65ad\u964d\u4f4e\u5355\u4f4d\u6210\u672c\u3001\u7b80\u5316\u6d41\u7a0b\u548c\u7ed3\u6784\u4ee5\u53ca\u63d0\u9ad8\u751f\u4ea7\u529b\u6765\u63d0\u9ad8\u7ed3\u6784\u6027\u76c8\u5229\u80fd\u529b\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4e0e\u5176\u4ed6\u822a\u7a7a\u516c\u53f8\u7684\u4f19\u4f34\u5173\u7cfb\u5bf9\u52a0\u5f3a\u5e02\u573a\u81f3\u5173\u91cd\u8981<\/li>\n<\/ul>\n<p>\u6c49\u838e\u96c6\u56e2\u7684\u822a\u7a7a\u516c\u53f8\u4f4d\u4e8e\u7ecf\u6d4e\u7a33\u56fa\u7684\u5730\u533a\uff0c\u56e0\u6b64\u4f5c\u4e3a\u6b27\u6d32\u548c\u5176\u4ed6\u5730\u533a\u7684\u822a\u7a7a\u516c\u53f8\u7684\u5408\u4f5c\u4f19\u4f34\u5177\u6709\u5438\u5f15\u529b\u3002<\/p>\n<p><b>\u5a01\u80c1\u3002<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">COVID-19\u3002<\/li>\n<\/ul>\n<p>\u6c49\u838e\u822a\u7a7a\u96c6\u56e2\u7684\u5ba2\u8fd0\u822a\u7a7a\u516c\u53f8\u56e0 Omicron \u53d8\u4f53\u7684\u6269\u6563\u800c\u906d\u53d7\u5de8\u5927\u635f\u5931\uff0c\u5c24\u5176\u662f\u5728 2022 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u521d\u3002\u9700\u8981\u52a0\u7d27\u5b9e\u65bd\u91cd\u7ec4\u8ba1\u5212\u3002\u7f62\u5de5\u3001\u6076\u52a3\u5929\u6c14\u548c Covid-19 \u6848\u4f8b\u7684\u589e\u52a0\u4e5f\u7ed9\u7cfb\u7edf\u5e26\u6765\u4e86\u538b\u529b\u3002\u968f\u7740\u590f\u5b63\u65c5\u884c\u9700\u6c42\u7684\u589e\u52a0\uff0c\u6c49\u838e\u822a\u7a7a\u5c06\u4ece\u590f\u5b63\u822a\u73ed\u8ba1\u5212\u4e2d\u53d6\u6d88 2000 \u4e2a\u822a\u73ed\uff0c\u56e0\u4e3a\u6b27\u6d32\u5404\u5730\u7684\u822a\u7a7a\u516c\u53f8\u90fd\u5728\u52aa\u529b\u89e3\u51b3\u4eba\u5458\u77ed\u7f3a\u95ee\u9898\u3002\u5b63\u8282\u6027\u56e0\u7d20\u7684\u5f71\u54cd\uff1a\u7b2c\u4e00\u5b63\u5ea6\u548c\u7b2c\u56db\u5b63\u5ea6\u7684\u6536\u5165\u901a\u5e38\u8f83\u4f4e\uff0c\u56e0\u4e3a\u4eba\u4eec\u7684\u65c5\u884c\u6b21\u6570\u51cf\u5c11\uff1b\u4e0e\u5927\u6d41\u884c\u75c5\u76f8\u5173\u7684\u65c5\u884c\u9650\u5236\u7684\u653e\u5bbd\u76ee\u524d\u8d85\u8fc7\u4e86\u8fd9\u4e00\u5f71\u54cd\u3002<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4e4c\u514b\u5170\u6218\u4e89\u3002<\/li>\n<\/ul>\n<p>\u4e4c\u514b\u5170\u548c\u4fc4\u7f57\u65af\u5e02\u573a\u7684\u4e27\u5931\u4ee5\u53ca\u98de\u5f80\u4e9a\u6d32\u822a\u7ebf\u7684\u5fc5\u8981\u8c03\u6574\u3002\u4e4c\u514b\u5170\u6218\u4e89\u5bf9\u5168\u7403\u7ecf\u6d4e\u7684\u5f71\u54cd\uff0c\u5c24\u5176\u662f\u5bf9\u6d88\u8d39\u8005\u4fe1\u5fc3\u548c\u80fd\u6e90\u4ef7\u683c\u7684\u5f71\u54cd\uff0c\u9884\u8ba1\u5c06\u5bf9\u96c6\u56e2\u7684\u7ecf\u6d4e\u590d\u82cf\u4ea7\u751f\u91cd\u5927\u5f71\u54cd\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/services\/capital-markets-mergers-and-acquisitions\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u517c\u5e76\u4e0e\u6536\u8d2d\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2022\/07\/Mergers-Acquisitions.png\" alt=\"Mergers &amp; Acquisitions\" width=\"900\" height=\"450\" \/><\/a><br \/>\n<b><\/b><b><\/b><\/p>\n<table style=\"height: 856px;\" width=\"158\">\n<tbody>\n<tr>\n<td><b><i>\u7ed3\u675f\u7684\u8d22\u653f\u5e74\u5ea6<\/i><\/b><\/td>\n<td><b><i>12\/31\/2017<\/i><\/b><\/td>\n<td><b><i>12\/31\/2018<\/i><\/b><\/td>\n<td><b><i>12\/31\/2019<\/i><\/b><\/td>\n<td><b><i>12\/31\/2020<\/i><\/b><\/td>\n<td><b><i>12\/31\/2021<\/i><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><i>\u8d27\u5e01<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<td><b><i>\u6b27\u5143<\/i><\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u51c0\u6536\u5165<\/b><\/td>\n<td><b>2,340.00<\/b><\/td>\n<td><b>2,163.00<\/b><\/td>\n<td><b>1,213.00<\/b><\/td>\n<td><b>(6,725.00)<\/b><\/td>\n<td><b>(2,191.00)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u6298\u65e7\u53ca\u644a\u9500\u3002<\/td>\n<td>1,941.00<\/td>\n<td>2,072.00<\/td>\n<td>2,575.00<\/td>\n<td>2,436.00<\/td>\n<td>2,083.00<\/td>\n<\/tr>\n<tr>\n<td>\u5546\u8a89\u548c\u65e0\u5f62\u8d44\u4ea7\u7684\u644a\u9500<\/td>\n<td>98.00<\/td>\n<td>92.00<\/td>\n<td>112.00<\/td>\n<td>128.00<\/td>\n<td>107.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u6298\u65e7\u53ca\u644a\u9500\uff0c\u5171\u8ba1<\/b><\/td>\n<td><b>2,039.00<\/b><\/td>\n<td><b>2,164.00<\/b><\/td>\n<td><b>2,687.00<\/b><\/td>\n<td><b>2,564.00<\/b><\/td>\n<td><b>2,190.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u644a\u9500<\/td>\n<td>\u2013<\/td>\n<td>7.00<\/td>\n<td>9.00<\/td>\n<td>21.00<\/td>\n<td>15.00<\/td>\n<\/tr>\n<tr>\n<td>(\u51fa\u552e\u8d44\u4ea7\u7684\uff08\u6536\u76ca\uff09\u635f\u5931<\/td>\n<td>(32.00)<\/td>\n<td>(33.00)<\/td>\n<td>22.00<\/td>\n<td>30.00<\/td>\n<td>33.00<\/td>\n<\/tr>\n<tr>\n<td>(\u51fa\u552e\u6295\u8d44\u7684\uff08\u6536\u76ca\uff09\u635f\u5931\u3002<\/td>\n<td>78.00<\/td>\n<td>12.00<\/td>\n<td>(2.00)<\/td>\n<td>(21.00)<\/td>\n<td>(3.00)<\/td>\n<\/tr>\n<tr>\n<td>\u8d44\u4ea7\u51cf\u503c\u548c\u91cd\u7ec4\u6210\u672c<\/td>\n<td>178.00<\/td>\n<td>(6.00)<\/td>\n<td>42.00<\/td>\n<td>1,808.00<\/td>\n<td>83.00<\/td>\n<\/tr>\n<tr>\n<td>(\u80a1\u7968\u6295\u8d44\u7684\uff08\u6536\u5165\uff09\u635f\u5931\u3002<\/td>\n<td>(157.00)<\/td>\n<td>(174.00)<\/td>\n<td>(168.00)<\/td>\n<td>264.00<\/td>\n<td>(2.00)<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u7ecf\u8425\u6d3b\u52a8<\/td>\n<td>(38.00)<\/td>\n<td>(158.00)<\/td>\n<td>(82.00)<\/td>\n<td>(1,120.00)<\/td>\n<td>(592.00)<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u51c0\u8fd0\u8425\u8d44\u4ea7\u7684\u53d8\u5316<\/td>\n<td>960.00<\/td>\n<td>134.00<\/td>\n<td>309.00<\/td>\n<td>851.00<\/td>\n<td>1,085.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u884c\u52a8\u5904\u7684\u73b0\u91d1\u3002<\/b><\/td>\n<td><b>5,368.00<\/b><\/td>\n<td><b>4,109.00<\/b><\/td>\n<td><b>4,030.00<\/b><\/td>\n<td><b>(2,328.00)<\/b><\/td>\n<td><b>618.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u8d44\u672c\u652f\u51fa<\/td>\n<td>(3,548.00)<\/td>\n<td>(4,097.00)<\/td>\n<td>(3,717.00)<\/td>\n<td>(1,249.00)<\/td>\n<td>(1,318.00)<\/td>\n<\/tr>\n<tr>\n<td>\u51fa\u552e\u8d22\u4ea7\u3001\u5382\u623f\u548c\u8bbe\u5907<\/td>\n<td>142.00<\/td>\n<td>146.00<\/td>\n<td>132.00<\/td>\n<td>442.00<\/td>\n<td>211.00<\/td>\n<\/tr>\n<tr>\n<td>\u73b0\u91d1\u6536\u8d2d<\/td>\n<td>191.00<\/td>\n<td>(12.00)<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u8d44\u4ea7\u5265\u79bb<\/td>\n<td>\u2013<\/td>\n<td>4.00<\/td>\n<td>3.00<\/td>\n<td>(218.00)<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>\u6295\u8d44\u4e8e\u6709\u4ef7\u8bc1\u5238\u548c\u80a1\u6743\u8bc1\u5238\u3002<\/td>\n<td>67.00<\/td>\n<td>1,083.00<\/td>\n<td>(598.00)<\/td>\n<td>(1,440.00)<\/td>\n<td>(1,943.00)<\/td>\n<\/tr>\n<tr>\n<td>\u53d1\u8d77\/\u51fa\u552e\u7684\u8d37\u6b3e\u51c0\u989d\uff08\u589e\u52a0\uff09\u4e0b\u964d<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u6295\u8d44\u6d3b\u52a8<\/td>\n<td>(1,858.00)<\/td>\n<td>(393.00)<\/td>\n<td>313.00<\/td>\n<td>123.00<\/td>\n<td>24.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u6765\u81ea\u6295\u8d44\u7684\u73b0\u91d1<\/b><\/td>\n<td><b>(5,006.00)<\/b><\/td>\n<td><b>(3,269.00)<\/b><\/td>\n<td><b>(3,867.00)<\/b><\/td>\n<td><b>(2,342.00)<\/b><\/td>\n<td><b>(3,024.00)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5df2\u53d1\u884c\u7684\u77ed\u671f\u503a\u52a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u5df2\u53d1\u884c\u7684\u957f\u671f\u503a\u52a1<\/td>\n<td>1,106.00<\/td>\n<td>987.00<\/td>\n<td>3,843.00<\/td>\n<td>6,738.00<\/td>\n<td>6,144.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u5df2\u53d1\u884c\u7684\u503a\u52a1\u603b\u989d<\/b><\/td>\n<td><b>1,106.00<\/b><\/td>\n<td><b>987.00<\/b><\/td>\n<td><b>3,843.00<\/b><\/td>\n<td><b>6,738.00<\/b><\/td>\n<td><b>6,144.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u507f\u8fd8\u7684\u77ed\u671f\u503a\u52a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u507f\u8fd8\u7684\u957f\u671f\u503a\u52a1<\/td>\n<td>(967.00)<\/td>\n<td>(1,196.00)<\/td>\n<td>(3,413.00)<\/td>\n<td>(1,724.00)<\/td>\n<td>(5,070.00)<\/td>\n<\/tr>\n<tr>\n<td><b>\u507f\u8fd8\u7684\u503a\u52a1\u603b\u989d<\/b><\/td>\n<td><b>(967.00)<\/b><\/td>\n<td><b>(1,196.00)<\/b><\/td>\n<td><b>(3,413.00)<\/b><\/td>\n<td><b>(1,724.00)<\/b><\/td>\n<td><b>(5,070.00)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u53d1\u884c\u666e\u901a\u80a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>306.00<\/td>\n<td>3,309.00<\/td>\n<\/tr>\n<tr>\n<td>\u56de\u8d2d\u666e\u901a\u80a1<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>(1,218.00)<\/td>\n<\/tr>\n<tr>\n<td>\u652f\u4ed8\u7684\u666e\u901a\u80a1\u606f<\/td>\n<td>(232.00)<\/td>\n<td>(349.00)<\/td>\n<td>(381.00)<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td><b>\u5df2\u4ed8\u80a1\u5229\u603b\u989d<\/b><\/td>\n<td><b>(232.00)<\/b><\/td>\n<td><b>(349.00)<\/b><\/td>\n<td><b>(381.00)<\/b><\/td>\n<td><b>\u2013<\/b><\/td>\n<td><b>\u2013<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5df2\u652f\u4ed8\u7684\u7279\u522b\u80a1\u606f<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u878d\u8d44\u6d3b\u52a8<\/td>\n<td>(152.00)<\/td>\n<td>(68.00)<\/td>\n<td>(210.00)<\/td>\n<td>(244.00)<\/td>\n<td>(291.00)<\/td>\n<\/tr>\n<tr>\n<td><b>\u6765\u81ea\u878d\u8d44\u7684\u73b0\u91d1<\/b><\/td>\n<td><b>(245.00)<\/b><\/td>\n<td><b>(626.00)<\/b><\/td>\n<td><b>(161.00)<\/b><\/td>\n<td><b>5,076.00<\/b><\/td>\n<td><b>2,874.00<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u5916\u6c47\u6c47\u7387\u8c03\u6574\u3002<\/td>\n<td>(37.00)<\/td>\n<td>2.00<\/td>\n<td>(5.00)<\/td>\n<td>(33.00)<\/td>\n<td>33.00<\/td>\n<\/tr>\n<tr>\n<td><b>\u73b0\u91d1\u51c0\u53d8\u5316<\/b><\/td>\n<td><b>80.00<\/b><\/td>\n<td><b>216.00<\/b><\/td>\n<td><b>(3.00)<\/b><\/td>\n<td><b>373.00<\/b><\/td>\n<td><b>501.00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr>\n<td><\/td>\n<td><b>12\u670829\u65e5-2017\u5e74<\/b><\/td>\n<td><b>12\u670828\u65e5-2018\u5e74<\/b><\/td>\n<td><b>12\u670830\u65e5-2019\u5e74<\/b><\/td>\n<td><b>12\u670830\u65e5-2020\u5e74<\/b><\/td>\n<td><b>12\u670830\u65e5-2021\u5e74<\/b><\/td>\n<td><b>7\u670828\u65e5-2022\u5e74<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>TEV\/LTM EBITDA<\/b><\/td>\n<td>2.61x<\/td>\n<td>2.50x<\/td>\n<td>2.80x<\/td>\n<td>5.82x<\/td>\n<td>\u5317\u7f8e\u6d32<\/td>\n<td>26.81x<\/td>\n<\/tr>\n<tr>\n<td><b>TEV\/LTM EBIT<\/b><\/td>\n<td>4.28x<\/td>\n<td>3.74x<\/td>\n<td>5.57x<\/td>\n<td>8.63x<\/td>\n<td>\u5317\u7f8e\u6d32<\/td>\n<td>\u5317\u7f8e\u6d32<\/td>\n<\/tr>\n<tr>\n<td><b>P\/BV<\/b><\/td>\n<td>1.34x<\/td>\n<td>1.20x<\/td>\n<td>0.86x<\/td>\n<td>0.75x<\/td>\n<td>2.37x<\/td>\n<td>1.47x<\/td>\n<\/tr>\n<tr>\n<td><b>TEV\/LTM\u603b\u6536\u5165<\/b><\/td>\n<td>0.33x<\/td>\n<td>0.37x<\/td>\n<td>0.37x<\/td>\n<td>0.42x<\/td>\n<td>1.31x<\/td>\n<td>1.01x<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\"><b>*NM\u8868\u793a\u8be5\u500d\u6570\u4e3a\u8d1f\u6570\u3002<\/b><\/td>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr>\n<td><b>\u516c\u53f8<\/b><\/td>\n<td><b>\u7c7b\u578b<\/b><\/td>\n<td><b>\u65e5\u671f<\/b><\/td>\n<td><b>\u884c\u4e1a\u89e3\u91ca<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u745e\u58eb\u56fd\u9645\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u6536\u8d2d<\/td>\n<td>3\/22\/2005<\/td>\n<td>\u8be5\u4ea4\u6613\u4ef7\u503c\u9ad8\u8fbe 3.1 \u4ebf\u6b27\u5143\u3002\u5982\u679c\u6c49\u838e\u822a\u7a7a\u7684\u80a1\u4ef7\u5728\u5408\u5e76\u540e\u7684\u51e0\u5e74\u5185\u8d85\u8fc7\u822a\u7a7a\u6307\u6570\uff0c\u5927\u80a1\u4e1c\uff08\u745e\u58eb\u653f\u5e9c\u548c\u5927\u578b\u745e\u58eb\u516c\u53f8\uff09\u5c06\u83b7\u5f97\u76f8\u5e94\u7684\u56de\u62a5\u3002\u4e24\u5bb6\u516c\u53f8\u5c06\u7ee7\u7eed\u5206\u5f00\u8fd0\u8425\u3002\u745e\u58eb\u822a\u7a7a\u4ecd\u5c06\u662f\u4e00\u5bb6\u57fa\u672c\u72ec\u7acb\u7684\u822a\u7a7a\u516c\u53f8\uff0c\u5176\u7ba1\u7406\u5c42\u548c\u5ea7\u4f4d\u5728\u745e\u58eb\uff0c\u673a\u961f\u548c\u673a\u7ec4\u4eba\u5458\u4e5f\u5728\u745e\u58eb\u3002\u6c49\u838e\u822a\u7a7a\u786e\u8ba4\uff0c\u53ea\u8981\u745e\u58eb\u822a\u7a7a\u7684\u6210\u672c\u7ed3\u6784\u5177\u6709\u7ade\u4e89\u529b\uff0c\u6c49\u838e\u822a\u7a7a\u51c6\u5907\u5411\u745e\u58eb\u822a\u7a7a\u63d0\u4f9b\u4e24\u67b6\u65b0\u7684\u957f\u9014\u55b7\u6c14\u5f0f\u98de\u673a\u3002<\/td>\n<\/tr>\n<tr>\n<td>\u5965\u5730\u5229\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u6536\u8d2d<\/td>\n<td>9\/3\/2008<\/td>\n<td>\u8fd9\u6b21\u6536\u8d2d\u82b1\u8d39\u4e86\u7ea6 2.2 \u4ebf\u6b27\u5143\uff0c\u800c\u6c49\u838e\u822a\u7a7a\u5f53\u65f6\u6b63\u5904\u4e8e\u70e7\u94b1\u548c\u73b0\u91d1\u8d64\u5b57\u72b6\u6001\u3002\u6c49\u838e\u822a\u7a7a\u4e4b\u6240\u4ee5\u6536\u8d2d\u8fd9\u4e2a\u7ade\u4e89\u5bf9\u624b\uff0c\u662f\u56e0\u4e3a\u5965\u5730\u5229\u822a\u7a7a\u5728\u4e2d\u6b27\u548c\u4e1c\u6b27\u62e5\u6709\u6700\u591a\u7684\u822a\u73ed\u3002\u6536\u8d2d\u5965\u5730\u5229\u822a\u7a7a\u7684\u822a\u7ebf\u540e\uff0c\u6c49\u838e\u822a\u7a7a\u5c06\u6210\u4e3a\u6b27\u6d32\u7b2c\u4e00\u5927\u822a\u7a7a\u516c\u53f8\uff0c\u8d85\u8d8a\u6cd5\u822a-\u8377\u822a\uff0c\u5e76\u5c06\u91cd\u70b9\u653e\u5728\u4e1c\u6b27\u4ee5\u53ca\u4e2d\u4e1c\u5730\u533a\u3002\u4e0d\u8fc7\uff0c\u4f5c\u4e3a\u6536\u8d2d\u7684\u4e00\u90e8\u5206\uff0c\u5965\u5730\u5229\u822a\u7a7a\u5c06\u91c7\u53d6\u4e25\u5389\u7684\u8282\u7ea6\u63aa\u65bd\uff0c\u5305\u62ec\u88c1\u5458 10%\u4ee5\u4e0a\u3002\u603b\u4f53\u800c\u8a00\uff0c\u6b64\u6b21\u6536\u8d2d\u662f\u4e00\u4e2a\u53cc\u8d62\u7684\u5c40\u9762\uff0c\u4e0d\u4ec5\u5bf9\u5965\u5730\u5229\u822a\u7a7a\u53ca\u5176\u5ba2\u6237\u6709\u5229\uff0c\u800c\u4e14\u4ece\u957f\u8fdc\u6765\u770b\u5bf9\u5965\u5730\u5229\u7ecf\u6d4e\u4e5f\u6709\u5229\u3002<\/td>\n<\/tr>\n<tr>\n<td>\u6b27\u6d32\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u6536\u8d2d<\/td>\n<td>12\/31\/2008<\/td>\n<td>Eurowings Luftverkehrs AG \u5c06\u5176\u5728\u5ec9\u4ef7\u822a\u7a7a\u516c\u53f8 Germanwings \u7684\u80a1\u4efd\u51fa\u552e\u7ed9\u4e86\u5fb7\u56fd\u6c49\u838e\u822a\u7a7a\u516c\u53f8\u3002\u6c49\u838e\u822a\u7a7a\u5b8c\u6210\u4e86\u5bf9\u8fd9\u5bb6\u5ec9\u4ef7\u822a\u7a7a\u516c\u53f8\u7684\u5efa\u8bbe\u5de5\u4f5c\u3002\u6b27\u6d32\u822a\u7a7a\u516c\u53f8\u53ef\u4ee5\u66f4\u52a0\u4e13\u6ce8\u4e8e\u5176\u5728\u5730\u533a\u5e02\u573a\u7684\u6838\u5fc3\u4e1a\u52a1\u3002\u4ece 2014 \u5e74\u5f00\u59cb\uff0c\u6c49\u838e\u822a\u7a7a\u5ba3\u5e03\u6b27\u6d32\u822a\u7a7a\u516c\u53f8\u5c06\u7528\u7a7a\u5ba2 A320 \u652f\u7ebf\u5ba2\u673a\u53d6\u4ee3\u5e9e\u5df4\u8fea CRJ \u652f\u7ebf\u5ba2\u673a\u3002\u8fd9\u4fc3\u4f7f\u7f51\u7edc\u4ece\u5730\u533a\u6027\u670d\u52a1\u8f6c\u5411\u4f4e\u6210\u672c\u7684\u77ed\u9014\u4f11\u95f2\u670d\u52a1\u3002\u6b27\u6d32\u822a\u7a7a\u516c\u53f8\u5f88\u597d\u5730\u9002\u5e94\u4e86 COVID-19 \u7684\u6311\u6218\u3002\u5b83\u5229\u7528\u65c5\u884c\u9650\u5236\u7684\u53d8\u5316\uff0c\u5f00\u901a\u4e86\u5fb7\u56fd\u4ee5\u5916\u7684\u822a\u7ebf\u3002\u4f8b\u5982\uff0c\u5b83\u5f00\u59cb\u8fd0\u8425\u4ece\u82f1\u56fd\u5230\u9a6c\u7565\u5361\u5c9b\u7684\u822a\u7ebf\uff0c\u5e76\u8ba1\u5212\u5728\u65af\u5fb7\u54e5\u5c14\u6469\u548c\u5e03\u62c9\u683c\u7b49\u5730\u5efa\u7acb\u65b0\u7684\u57fa\u5730\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"<p>Company Overview of Lufthansa Group \u00a0 Lufthansa Group is the flag carrier of Germany, founded in 1953. Combined with its subsidiaries, it is the second-largest [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11236,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[101],"tags":[],"ppma_author":[386],"class_list":["post-8202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-finance","author-research-team"],"acf":[],"authors":[{"term_id":386,"user_id":0,"is_guest":1,"slug":"research-team","display_name":"Research Team","avatar_url":{"url":"https:\/\/lions.financial\/wp-content\/uploads\/2018\/12\/cropped-LIons-Assurance-Financial-Logo-Favicon.png","url2x":"https:\/\/lions.financial\/wp-content\/uploads\/2018\/12\/cropped-LIons-Assurance-Financial-Logo-Favicon.png"},"author_category":"","user_url":"","last_name":"","first_name":"","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/8202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/comments?post=8202"}],"version-history":[{"count":68,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/8202\/revisions"}],"predecessor-version":[{"id":10552,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/8202\/revisions\/10552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/media\/11236"}],"wp:attachment":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/media?parent=8202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/categories?post=8202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/tags?post=8202"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/ppma_author?post=8202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}