{"id":8431,"date":"2022-08-05T05:00:32","date_gmt":"2022-08-05T10:00:32","guid":{"rendered":"https:\/\/lions.financial\/?p=8431"},"modified":"2024-03-08T05:56:19","modified_gmt":"2024-03-08T10:56:19","slug":"investment-research-analysis-risk-management-china-southern-airline","status":"publish","type":"post","link":"https:\/\/lions.financial\/zh\/investment-research-analysis-risk-management-china-southern-airline\/","title":{"rendered":"\u6295\u8d44\u7814\u7a76\u5206\u6790 \u98ce\u9669\u7ba1\u7406 \u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8"},"content":{"rendered":"<h2 style=\"font-size: 25px; text-align: center;\"><b>\u516c\u53f8\u6982\u8ff0<\/b><\/h2>\n<p>\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff08\u7b80\u79f0 \"\u5357\u822a\"\uff09\u662f\u4e00\u5bb6\u63d0\u4f9b\u822a\u7a7a\u670d\u52a1\u7684\u4f01\u4e1a\uff0c\u5168\u7403\u603b\u90e8\u8bbe\u5728\u4e2d\u56fd\u5e7f\u5dde\u3002\u516c\u53f8\u7684\u4e3b\u8425\u4e1a\u52a1\u5305\u62ec\u5ba2\u8fd0\u3001\u8d27\u8fd0\u3001\u90ae\u8fd0\u53ca\u5176\u4ed6\u3002\u516c\u53f8\u7ecf\u8425\u56fd\u5185\u822a\u7ebf\u3001\u6e2f\u6fb3\u53f0\u822a\u7ebf\u548c\u56fd\u9645\u822a\u7ebf\u3002\u622a\u81f3 2021 \u5e74 12 \u6708 31 \u65e5\uff0c\u516c\u53f8\u5171\u8fd0\u8425 1401 \u6761\u822a\u7ebf\uff0c\u5176\u4e2d\u56fd\u5185\u822a\u7ebf 1303 \u6761\uff0c\u56fd\u9645\u822a\u7ebf 90 \u6761\uff0c\u5730\u533a\uff08\u6e2f\u6fb3\u53f0\uff09\u822a\u7ebf 8 \u6761\u3002\u901a\u8fc7\u4e0e\u5305\u62ec\u7f8e\u56fd\u822a\u7a7a\u548c\u5361\u5854\u5c14\u822a\u7a7a\u5728\u5185\u7684\u5168\u7403\u822a\u7a7a\u5408\u4f5c\u4f19\u4f34\u7684\u5bc6\u5207\u5408\u4f5c\uff0cCSA \u4e0d\u65ad\u5c06\u5176\u822a\u7ebf\u7f51\u7edc\u6269\u5c55\u81f3\u5168\u7403\u66f4\u591a\u76ee\u7684\u5730\u3002<\/p>\n<p>\u6839\u636e\u4e2d\u56fd\u6c11\u822a\u5c40\u7684\u7edf\u8ba1\u6570\u636e\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u662f\u4e2d\u56fd\u6700\u5927\u7684\u822a\u7a7a\u516c\u53f8\u4e4b\u4e00\uff0c\u622a\u81f32021\u5e7412\u670831\u65e5\uff0c\u5b83\u5728\u5ba2\u8fd0\u91cf\u3001\u6bcf\u5468\u5b9a\u671f\u822a\u73ed\u6570\u3001\u98de\u884c\u5c0f\u65f6\u6570\u3001\u822a\u7ebf\u6570\u548c\u673a\u961f\u89c4\u6a21\u65b9\u9762\u5747\u6392\u540d\u4e9a\u6d32\u7b2c\u4e00\u3002<\/p>\n<p>2020 \u5e74\uff0c\u5ba2\u8fd0\u9700\u6c42\u6025\u5267\u4e0b\u964d\uff0cCSA \u7684\u5ba2\u8fd0\u6536\u5165\u6025\u5267\u4e0b\u964d\u3002\u8d27\u8fd0\u91cf\u4e5f\u6709\u6240\u4e0b\u964d\uff0c\u4f46\u4ef7\u683c\u4e0a\u6da8\uff0c\u8d27\u8fd0\u6536\u5165\u9006\u52bf\u4e0a\u626c\u30022021 \u5e74\uff0c\u5ba2\u8fd0\u9700\u6c42\u6062\u590d\u7f13\u6162\uff0c\u8d27\u8fd0\u9700\u6c42\u65fa\u76db\u3002\u603b\u4f53\u800c\u8a00\uff0c2020 \u5e74 CSA \u7684\u8425\u4e1a\u6536\u5165\u6025\u5267\u4e0b\u964d\uff0c2021 \u5e74\u6062\u590d\u7f13\u6162\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone\" title=\"CSA\u6536\u5165\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/CSA-Revenue.png\" alt=\"CSA Revenue\" width=\"722\" height=\"434\" \/><\/a><\/p>\n<p>\u6765\u6e90\u4e8e\u6295\u8d44\u767e\u79d1\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u521b\u59cb\u4eba<\/b><\/h2>\n<p>1995 \u5e74 3 \u6708 25 \u65e5\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u4ece\u4e2d\u56fd\u6c11\u822a\u603b\u5c40\u4e0b\u653e\uff0c\u5e76\u6839\u636e\u4e2d\u534e\u4eba\u6c11\u5171\u548c\u56fd\u6cd5\u5f8b\u6ce8\u518c\u6210\u7acb\u3002\u76ee\u524d\uff0c\u8be5\u516c\u53f8\u7684\u591a\u6570\u80a1\u6743\u7531\u4e2d\u56fd\u653f\u5e9c\u95f4\u63a5\u62e5\u6709\u3002\u622a\u81f3 2022 \u5e74 4 \u6708 22 \u65e5\uff0c\u4e2d\u56fd\u653f\u5e9c\u5168\u8d44\u62e5\u6709\u7684\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u63a7\u80a1\u6709\u9650\u8d23\u4efb\u516c\u53f8\uff08\u7b80\u79f0 \"\u5357\u822a\u63a7\u80a1\"\uff09\u76f4\u63a5\u548c\u95f4\u63a5\u6301\u6709\u5e76\u884c\u4f7f\u5357\u822a 64.20% \u7684\u80a1\u6743\u3002<\/p>\n<p><b>\u80a1\u6743\u7ed3\u6784<\/b>:<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img decoding=\"async\" class=\"alignnone\" title=\"\u80a1\u6743\u7ed3\u6784\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Shareholding-Structure.png\" alt=\"Shareholding Structure\" width=\"975\" height=\"703\" \/><\/a><\/p>\n<p>\u6765\u6e90\u4e2d\u56fd\u822a\u7a7a\u7f51<\/p>\n<p><b>CSA\u7684\u4e3b\u8981\u80a1\u4e1c<\/b>:<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img decoding=\"async\" class=\"alignnone\" title=\"CSA\u7684\u4e3b\u8981\u80a1\u4e1c\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Major-Shareholders-of-CSA-1024x217.png\" alt=\"Major Shareholders of CSA\" width=\"1024\" height=\"217\" \/><\/a><\/p>\n<p>\u6765\u6e90\u4e2d\u56fd\u822a\u7a7a\u7f51<\/p>\n<p>CSA\u4e8e1997\u5e747\u670830\u65e5\u548c2003\u5e747\u670825\u65e5\u5206\u522b\u5b8c\u6210\u4e86H\u80a1\u548cA\u80a1\u7684\u9996\u6b21\u516c\u5f00\u53d1\u884c\u3002<\/p>\n<p>CSA A \u80a1\u7684\u4e3b\u8981\u4ea4\u6613\u5e02\u573a\u662f\u4e0a\u6d77\u8bc1\u5238\u4ea4\u6613\u6240\uff0c\u4ee5\u4eba\u6c11\u5e01\u8fdb\u884c\u4ea4\u6613\uff0c\u53ea\u4f9b\u4e2d\u56fd\u5927\u9646\u516c\u6c11\u548c\u7b26\u5408\u4e2d\u56fd\u56fd\u5bb6\u5916\u6c47\u7ba1\u7406\u5c40\u7279\u5b9a\u8981\u6c42\u7684\u7279\u5b9a\u5916\u56fd\u673a\u6784\uff08\u79f0\u4e3a\u5408\u683c\u5883\u5916\u673a\u6784\u6295\u8d44\u8005 (QFII)\uff09\u8d2d\u4e70\u3002<\/p>\n<p>\u672c\u516c\u53f8 H \u80a1\u7684\u4e3b\u8981\u4ea4\u6613\u5e02\u573a\u662f\u9999\u6e2f\u8bc1\u5238\u4ea4\u6613\u6240\uff0c\u4ee5\u6e2f\u5143\u4ea4\u6613\uff0c\u5e76\u5411\u6240\u6709\u6295\u8d44\u8005\u5f00\u653e\u3002<\/p>\n<p>H\u80a1\u548cA\u80a1\u7684\u80a1\u4e1c\u5bf9\u6bcf\u79cd\u80a1\u7968\u4eab\u6709\u76f8\u540c\u7684\u6295\u7968\u6743\u3002\u6839\u636e\u4e2d\u56fd\u7684\u516c\u53f8\u6cd5\uff0cH\u80a1\u548cADS\uff08\u7f8e\u56fd\u5b58\u6258\u80a1\u7968\uff09\u7684\u6301\u6709\u4eba\u4e00\u822c\u53ea\u80fd\u901a\u8fc7\u9999\u6e2f\u6216\u4e2d\u56fd\u7684\u4ef2\u88c1\u6765\u89e3\u51b3\u4e0e\u672c\u516c\u53f8\u3001\u5176\u9ad8\u7ea7\u7ba1\u7406\u5c42\u548cA\u80a1\u6301\u6709\u4eba\u7684\u7ea0\u7eb7\u3002<\/p>\n<p>\u5982\u4e0a\u56fe\u6240\u793a\uff0c\u622a\u81f3 2022 \u5e74 3 \u6708 31 \u65e5\uff0c\u4e2d\u56fd\u822a\u6cb9\u3001\u4e2d\u56fd\u822a\u7a7a\u6cb9\u6599\u96c6\u56e2\u516c\u53f8\u548c\u9999\u6e2f\u4e2d\u592e\u7ed3\u7b97\u6709\u9650\u516c\u53f8\u5206\u522b\u6301\u6709 67.87% \u80a1\u30012.79% \u80a1\u548c 4.83% \u80a1\u4e2d\u56fd\u822a\u6cb9 A \u80a1\u3002<\/p>\n<p>\u622a\u81f3 2022 \u5e74 3 \u6708 31 \u65e5\uff0c\u4e09\u5bb6\u516c\u53f8\u5206\u522b\u6301\u6709 CSA H \u80a1 40.95% \u80a1\u300153.33% \u80a1\u548c 6.33% \u80a1\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u8463\u4e8b\u4f1a\u6210\u5458<\/b><\/h2>\n<p><b>\u9a6c\u65ed\u4f26<\/b><\/p>\n<p>\u8463\u4e8b\u4f1a\u4e3b\u5e2d\u3001\u6267\u884c\u8463\u4e8b\u3001\u603b\u88c1<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u5728\u4e2d\u56fd\u534e\u4e2d\u79d1\u6280\u5927\u5b66\u83b7\u5f97\u4e86\u5de5\u7a0b\u7855\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2016\u5e74\u4efb\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u63a7\u80a1\u516c\u53f8\u8463\u4e8b\u3001\u603b\u88c1\u3001\u515a\u59d4\u526f\u4e66\u8bb0\uff0c\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u526f\u8463\u4e8b\u957f\u3001\u603b\u88c1\u3001\u515a\u59d4\u526f\u4e66\u8bb0\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u81ea2020\u5e7412\u6708\u4ee5\u6765\uff0c\u4ed6\u4e00\u76f4\u62c5\u4efb\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff08CSAH\uff09\u7684\u603b\u88c1\u548c\u8463\u4e8b\u957f\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u4ed6\u8fd8\u62c5\u4efb\u4e2d\u56fd\u56fd\u9645\u5546\u4f1a\u526f\u4f1a\u957f\u3001\u4e2d\u56fd\u56fd\u9645\u8d38\u6613\u4fc3\u8fdb\u59d4\u5458\u4f1a\u59d4\u5458\u548c\u56fd\u9645\u822a\u7a7a\u8fd0\u8f93\u534f\u4f1a\u7406\u4e8b\u3002<\/li>\n<\/ul>\n<p><b>\u97e9\u6587\u751f<\/b><\/p>\n<p>\u6267\u884c\u8463\u4e8b\u3001\u8463\u4e8b\u4f1a\u526f\u4e3b\u5e2d\u3001\u603b\u88c1<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u5728\u4e2d\u56fd\u5929\u6d25\u5927\u5b66\u83b7\u5f97\u4e86\u5de5\u7a0b\u7855\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u66fe\u62c5\u4efb\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u5e72\u90e8\u57f9\u8bad\u4e2d\u5fc3\u526f\u4e3b\u4efb\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u81ea2016\u5e7410\u6708\u8d77\uff0c\u4ed6\u62c5\u4efb\u4e2d\u56fd\u793e\u4f1a\u79d1\u5b66\u9662\u526f\u9662\u957f\u3001\u515a\u7ec4\u6210\u5458\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u4ed6\u8fd8\u62c5\u4efb\u4e2d\u56fd\u4eba\u6c11\u653f\u6cbb\u534f\u5546\u4f1a\u8bae\u5e7f\u4e1c\u7701\u7b2c\u5341\u4e8c\u5c4a\u59d4\u5458\u4f1a\u5e38\u52a1\u59d4\u5458\u3002<\/li>\n<\/ul>\n<p><b>\u5218\u957f\u4e50<\/b><\/p>\n<p>\u72ec\u7acb\u975e\u6267\u884c\u8463\u4e8b<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u6bd5\u4e1a\u4e8e\u4e2d\u56fd\u4f20\u5a92\u5927\u5b66\uff0c\u83b7\u5f97\u5b66\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u88ab\u9999\u6e2f\u57ce\u5e02\u5927\u5b66\u6388\u4e88\u8363\u8a89\u6587\u5b66\u535a\u58eb\u5b66\u4f4d\uff0c\u88ab\u5357\u534e\u5927\u5b66\u6388\u4e88\u8363\u8a89\u7ba1\u7406\u79d1\u5b66\u535a\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u4e8e1996\u5e74\u521b\u7acb\u4e86\u51e4\u51f0\u536b\u89c6\uff0c\u5e76\u66fe\u62c5\u4efb\u51e4\u51f0\u4f20\u5a92\u6295\u8d44\uff08\u96c6\u56e2\uff09\u6709\u9650\u516c\u53f8\u7684\u6267\u884c\u8463\u4e8b\u3001\u4e3b\u5e2d\u548c\u9996\u5e2d\u6267\u884c\u5b98\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u73b0\u4efb\u4e2d\u56fd\u4eba\u6c11\u653f\u6cbb\u534f\u5546\u4f1a\u8bae\u7b2c\u5341\u4e09\u5c4a\u5168\u56fd\u59d4\u5458\u4f1a\u59d4\u5458<\/li>\n<\/ul>\n<p><b>\u987e\u60e0\u5fe0<\/b><\/p>\n<p>\u72ec\u7acb\u975e\u6267\u884c\u8463\u4e8b<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u5728\u4e2d\u56fd\u5317\u4eac\u822a\u7a7a\u822a\u5929\u5927\u5b66\u83b7\u5f97\u4e86\u56fd\u9645\u91d1\u878d\u7855\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u66fe\u4efb\u822a\u7a7a\u5de5\u4e1a\u90e8\u8d22\u52a1\u5904\u526f\u5904\u957f\u3001\u5904\u957f\uff0c\u4e2d\u632f\u4f1a\u8ba1\u54a8\u8be2\u516c\u53f8\u603b\u7ecf\u7406\u3002<\/li>\n<\/ul>\n<p><b>\u90ed\u4f1f<\/b><\/p>\n<p>\u72ec\u7acb\u975e\u6267\u884c\u8463\u4e8b<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u5728\u4e2d\u56fd\u79d1\u6280\u5927\u5b66\u83b7\u5f97\u4e86\u7ba1\u7406\u5b66\u7855\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u66fe\u62c5\u4efb\u8054\u60f3\u96c6\u56e2\u7684\u6267\u884c\u8463\u4e8b\u548c\u9ad8\u7ea7\u526f\u603b\u88c1\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u4ed6\u662f\u795e\u5dde\u6570\u7801\u63a7\u80a1\u6709\u9650\u516c\u53f8\u7684\u6267\u884c\u8463\u4e8b\u3001\u8463\u4e8b\u4f1a\u4e3b\u5e2d\u548c\u9996\u5e2d\u6267\u884c\u5b98\uff0c\u795e\u5dde\u6570\u7801\u96c6\u56e2\u6709\u9650\u516c\u53f8\u7684\u8463\u4e8b\u957f\u548c\u795e\u5dde\u6570\u7801\u4fe1\u606f\u670d\u52a1\u6709\u9650\u516c\u53f8\u7684\u8463\u4e8b\u957f\u3002<\/li>\n<\/ul>\n<p><b>\u960e\u7131 Y<\/b><\/p>\n<p>\u72ec\u7acb\u975e\u6267\u884c\u8463\u4e8b<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u5728\u666e\u6797\u65af\u987f\u5927\u5b66\u83b7\u5f97\u4e86\u56fd\u9645\u653f\u6cbb\u7ecf\u6d4e\u5b66\u7855\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">1993\u5e741\u6708\u81f31994\u5e742\u6708\uff0c\u4ed6\u62c5\u4efb\u7f8e\u56fd\u65af\u666e\u6797\u7279\u516c\u53f8\u7684\u4e9a\u6d32\u4e1a\u52a1\u53d1\u5c55\u603b\u76d1\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">1994\u5e743\u6708\u81f32001\u5e749\u6708\uff0c\u4ed6\u62c5\u4efbAIG\u4e9a\u6d32\u57fa\u7840\u8bbe\u65bd\u57fa\u91d1\u7684\u7ba1\u7406\u516c\u53f8Emerging Markets Partnership\u7684\u8463\u4e8b\u603b\u7ecf\u7406\u548c\u9999\u6e2f\u529e\u4e8b\u5904\u8d1f\u8d23\u4eba\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u6267\u884c\u56e2\u961f<\/b><\/h2>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>\u6267\u884c\u526f\u603b\u88c1\u7684\u8d44\u683c\u5305\u62ec<\/b><\/h3>\n<p><b>\u5f20\u6b63\u8363<\/b><\/p>\n<p>\u6267\u884c\u526f\u603b\u88c1<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u5728\u6e05\u534e\u5927\u5b66\u83b7\u5f97\u4e86\u9ad8\u7ea7\u7ba1\u7406\u4eba\u5458\u5de5\u5546\u7ba1\u7406\u7855\u58eb\uff08EMBA\uff09\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u81ea2014\u5e744\u6708\u8d77\uff0c\u4ed6\u62c5\u4efb\u534e\u590f\u822a\u7a7a\u9996\u5e2d\u98de\u884c\u5458\u3001\u98de\u884c\u5b89\u5168\u9996\u5e2d\u8fd0\u8425\u5b98\u548c\u822a\u7a7a\u5b89\u5168\u90e8\u4e3b\u4efb\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u4ed6\u8fd8\u62c5\u4efb\u8d35\u5dde\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u8463\u4e8b\u957f\uff0c\u4ee5\u53ca\u4e2d\u56fd\u822a\u7a7a\u5668\u62e5\u6709\u8005\u53ca\u9a7e\u9a76\u5458\u534f\u4f1a\u7b2c\u56db\u5c4a\u7406\u4e8b\u4f1a\u526f\u4e3b\u5e2d\u3002<\/li>\n<\/ul>\n<p><b>\u7f57\u6765\u519b<\/b><\/p>\n<p>\u6267\u884c\u526f\u603b\u88c1<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u5728\u6e05\u534e\u5927\u5b66\u83b7\u5f97\u4e86\u9ad8\u7ea7\u7ba1\u7406\u4eba\u5458\u5de5\u5546\u7ba1\u7406\u7855\u58eb\uff08EMBA\uff09\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2005\u5e746\u6708\u4efb\u516c\u53f8\u5546\u8bc4\u529e\u4e3b\u4efb\uff1b2005\u5e7411\u6708\u4efb\u516c\u53f8\u5546\u52a1\u6307\u5bfc\u59d4\u5458\u4f1a\u526f\u4e3b\u4efb\u517c\u878d\u8d44\u8ba1\u5212\u90e8\u603b\u7ecf\u7406\u3001\u515a\u7ec4\u6210\u5458\uff1b2009\u5e742\u6708\u4efb\u516c\u53f8\u8d27\u8fd0\u90e8\u603b\u7ecf\u7406\u3001\u515a\u59d4\u526f\u4e66\u8bb0\uff1b2012\u5e747\u6708\u4efb\u516c\u53f8\u5927\u8fde\u5206\u516c\u53f8\u603b\u7ecf\u7406\u3001\u515a\u59d4\u526f\u4e66\u8bb0\u3002<\/li>\n<\/ul>\n<p><b>\u5434\u82f1\u7965<\/b><\/p>\n<p>\u6267\u884c\u526f\u603b\u88c1<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u00a0\u5979\u6bd5\u4e1a\u4e8e\u4e2d\u5357\u5de5\u4e1a\u5927\u5b66\u5de5\u5546\u7ba1\u7406\u7cfb\u56fd\u9645\u4f1a\u8ba1\u4e13\u4e1a\uff0c\u83b7\u5f97\u5b66\u58eb\u5b66\u4f4d\uff0c\u5e76\u83b7\u5f97\u6e05\u534e\u5927\u5b66\u9ad8\u7ea7\u7ba1\u7406\u4eba\u5458\u5de5\u5546\u7ba1\u7406\u7855\u58eb\uff08EMBA\uff09\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2018\u5e749\u6708\u4efb\u6c55\u5934\u822a\u7a7a\u6709\u9650\u516c\u53f8\u603b\u7ecf\u7406\u3001\u515a\u59d4\u526f\u4e66\u8bb0\uff1b2020\u5e746\u6708\u4efb\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u5e38\u52a1\u526f\u603b\u7ecf\u7406\u3001\u515a\u59d4\u59d4\u5458\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u5e38\u52a1\u526f\u603b\u7ecf\u7406\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u5979\u8fd8\u62c5\u4efb\u4e2d\u56fd\u822a\u7a7a\uff08\u9999\u6e2f\uff09\u6709\u9650\u516c\u53f8\u526f\u8463\u4e8b\u957f\u548c\u6c55\u5934\u822a\u7a7a\u6709\u9650\u516c\u53f8\u8463\u4e8b\u957f\u3002<\/li>\n<\/ul>\n<p><b>\u59da\u52c7<\/b><\/p>\n<p>\u6267\u884c\u526f\u603b\u88c1\u3001\u603b\u4f1a\u8ba1\u5e08\u517c\u9996\u5e2d\u8d22\u52a1\u5b98<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u6bd5\u4e1a\u4e8e\u56db\u5ddd\u5927\u5b66\u56fd\u6c11\u7ecf\u6d4e\u7ba1\u7406\u5b66\u9662\u56fd\u6c11\u7ecf\u6d4e\u7ba1\u7406\u4e13\u4e1a\uff0c\u83b7\u7ecf\u6d4e\u5b66\u5b66\u58eb\u5b66\u4f4d\u3002\u4ed6\u62e5\u6709\u7535\u5b50\u79d1\u6280\u5927\u5b66\u5de5\u5546\u7ba1\u7406\u7855\u58eb\u5b66\u4f4d\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u81ea 2021 \u5e74 3 \u6708\u8d77\u62c5\u4efb CSAH \u7684\u603b\u4f1a\u8ba1\u5e08\u548c\u515a\u59d4\u59d4\u5458\uff0c\u81ea 2021 \u5e74 4 \u6708\u8d77\u62c5\u4efb CSA \u7684\u6267\u884c\u526f\u603b\u88c1\u3001\u603b\u4f1a\u8ba1\u5e08\u548c\u9996\u5e2d\u8d22\u52a1\u5b98\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u4ed6\u8fd8\u62c5\u4efb\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u6d77\u5916\uff08\u9999\u6e2f\uff09\u6709\u9650\u516c\u53f8\u8463\u4e8b\u548c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u96c6\u56e2\u8d22\u52a1\u6709\u9650\u8d23\u4efb\u516c\u53f8\u8463\u4e8b\u957f\u3002<\/li>\n<\/ul>\n<p><b>\u7a0b\u52c7<\/b><\/p>\n<p>\u6267\u884c\u526f\u603b\u88c1<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u6bd5\u4e1a\u4e8e\u4e2d\u56fd\u6c11\u822a\u98de\u884c\u5b66\u9662\u98de\u673a\u9a7e\u9a76\u4e13\u4e1a\u548c\u4e2d\u56fd\u6c11\u822a\u98de\u884c\u5b66\u9662\u98de\u884c\u6280\u672f\u4e13\u4e1a\uff0c\u83b7\u5b66\u58eb\u5b66\u4f4d\u3002\u4ed6\u83b7\u5f97\u4e86\u6e05\u534e\u5927\u5b66\u9ad8\u7ea7\u7ba1\u7406\u4eba\u5458\u5de5\u5546\u7ba1\u7406\u7855\u58eb\uff08EMBA\uff09\u5b66\u4f4d\uff0c\u662f\u4e00\u540d\u5408\u683c\u7684\u9ad8\u7ea7\u98de\u884c\u5458\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u66fe\u4efb\u4e2d\u56fd\u5317\u65b9\u822a\u7a7a\u516c\u53f8\u6c88\u9633\u98de\u884c\u603b\u961f\u526f\u603b\u961f\u957f\u3001\u4e2d\u56fd\u5317\u65b9\u822a\u7a7a\u516c\u53f8\u5929\u5ce8\u6709\u9650\u8d23\u4efb\u516c\u53f8\u526f\u603b\u88c1\u3001\u4e2d\u56fd\u5317\u65b9\u822a\u7a7a\u516c\u53f8\u4e09\u4e9a\u6709\u9650\u8d23\u4efb\u516c\u53f8\u603b\u88c1\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u4ed6\u8fd8\u62c5\u4efb\u5e7f\u5dde\u5357\u56fd\u822a\u7a7a\u914d\u9910\u6709\u9650\u516c\u53f8\u3001\u6df1\u5733\u822a\u7a7a\u914d\u9910\u6709\u9650\u516c\u53f8\u3001\u5e7f\u5dde\u5357\u822a\u4e2d\u56fd\u514d\u7a0e\u54c1\u6709\u9650\u516c\u53f8\u548c\u5357\u65b9\u822a\u7a7a\u5609\u56ed\uff08\u5e7f\u5dde\uff09\u822a\u7a7a\u7528\u54c1\u6709\u9650\u516c\u53f8\u7684\u8463\u4e8b\u957f\u3002<\/li>\n<\/ul>\n<p><b>\u738b\u5fd7\u5b66<\/b><\/p>\n<p>\u6267\u884c\u526f\u603b\u88c1<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ed6\u6bd5\u4e1a\u4e8e\u4e2d\u56fd\u6c11\u822a\u98de\u884c\u5b66\u9662\u98de\u884c\u6280\u672f\u4e13\u4e1a\uff0c\u662f\u4e00\u540d\u5408\u683c\u7684\u9ad8\u7ea7\u98de\u884c\u5458\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2002 \u5e74 6 \u6708\u8d77\u4efb\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u6c55\u5934\u822a\u7a7a\u6709\u9650\u516c\u53f8\u526f\u603b\u7ecf\u7406\uff0c2004 \u5e74 10 \u6708\u8d77\u4efb\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u98de\u884c\u7ba1\u7406\u90e8\u603b\u7ecf\u7406\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u4ed6\u8fd8\u62c5\u4efb\u53a6\u95e8\u822a\u7a7a\u6709\u9650\u516c\u53f8\u526f\u8463\u4e8b\u957f\u3001\u603b\u88c1\u517c\u6cd5\u5b9a\u4ee3\u8868\u4eba\uff0c\u4ee5\u53ca\u4e2d\u56fd\u4eba\u6c11\u653f\u6cbb\u534f\u5546\u4f1a\u8bae\u798f\u5efa\u7701\u7b2c\u5341\u4e8c\u5c4a\u59d4\u5458\u4f1a\u59d4\u5458\u3002<\/li>\n<\/ul>\n<p><b>\u82cf\u4eae<\/b><\/p>\n<p>\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6<\/p>\n<p><b>\u9648\u4f1f\u534e<\/b><\/p>\n<p>\u9996\u5e2d\u6cd5\u5f8b\u987e\u95ee<\/p>\n<p><b>\u674e\u5c11\u658c<\/b><\/p>\n<p>\u9996\u5e2d\u57f9\u8bad\u5b98<\/p>\n<p><b>\u8c22\u51b0<\/b><\/p>\n<p>\u516c\u53f8\u79d8\u4e66\u3001\u8463\u4e8b\u4f1a\u79d8\u4e66<\/p>\n<p><b>\u51af\u534e\u5357<\/b><\/p>\n<p>\u98de\u884c\u5b89\u5168\u9996\u5e2d\u8fd0\u8425\u5b98<\/p>\n<p><b>\u7f57\u660e\u6d69<\/b><\/p>\n<p>\u9996\u5e2d\u98de\u884c\u5458<\/p>\n<p><b>\u6731\u6d77\u9f99<\/b><\/p>\n<p>\u9996\u5e2d\u8fd0\u8425\u5b98<\/p>\n<p><b>\u5434\u8363\u65b0<\/b><\/p>\n<p>\u603b\u5de5\u7a0b\u5e08<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u4ea7\u54c1\u5b9a\u4f4d<\/b><\/h2>\n<p>CSA \u7684\u4e3b\u8981\u4e1a\u52a1\u5305\u62ec\u5ba2\u8fd0\u548c\u8d27\u90ae\u8fd0\u8f93\u3002\u5176\u4ed6\u670d\u52a1\u5305\u62ec\u4f46\u4e0d\u9650\u4e8e\u98de\u673a\u7ef4\u4fee\u548c\u7ef4\u62a4\u670d\u52a1\u4ee5\u53ca\u822a\u7a7a\u9910\u996e\u670d\u52a1\uff08\u4ec5\u7531\u5206\u516c\u53f8\u7ecf\u8425\uff09\u3002\u5982\u4e0b\u56fe\u6240\u793a\uff0c2021 \u5e74\uff0c\u5ba2\u8fd0\u3001\u8d27\u90ae\u8fd0\u8f93\u548c\u5176\u4ed6\u670d\u52a1\u5206\u522b\u5360\u603b\u6536\u5165\u7684 74%\u300120% \u548c 6%\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u4e1a\u52a1\u5206\u90e8\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Business-Segment-300x191.png\" alt=\"Business Segment\" width=\"300\" height=\"191\" \/><\/a><\/p>\n<p>\u5982\u4e0b\u56fe\u6240\u793a\uff0c\u81ea 2020 \u5e74\u4ee5\u6765\uff0c\u8d27\u7269\u548c\u90ae\u4ef6\u6536\u5165\u7684\u6bd4\u4f8b\u6709\u6240\u4e0a\u5347\u3002\u8fd9\u662f\u7531\u4e8e\u5728 COVID-19 \u5927\u6d41\u884c\u75c5\u7684\u5f71\u54cd\u4e0b\uff0c\u5ba2\u8fd0\u9700\u6c42\u51cf\u5c11\uff0c\u8d27\u8fd0\u4ef7\u683c\u548c\u9700\u6c42\u589e\u52a0\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u4e1a\u52a1\u5206\u90e8 2021\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Business-Segment-2021.png\" alt=\"Business Segment 2021\" width=\"722\" height=\"434\" \/><\/a><\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u5ba2\u8fd0<\/b><\/h2>\n<p>CSA \u5728\u4e2d\u56fd\u5927\u9646\u3001\u9999\u6e2f\u3001\u6fb3\u95e8\u548c\u53f0\u6e7e\u5730\u533a\u3001\u4e1c\u5357\u4e9a\u4ee5\u53ca\u4e16\u754c\u5176\u4ed6\u5730\u533a\u63d0\u4f9b\u5546\u4e1a\u822a\u7a7a\u670d\u52a1\u3002\u5176\u4e1a\u52a1\u4e3b\u8981\u96c6\u4e2d\u5728\u4e2d\u56fd\u5927\u9646\u56fd\u5185\u5e02\u573a\u30022021 \u5e74\uff0c\u5357\u822a\u5171\u8fd0\u8425 1,401 \u6761\u822a\u7ebf\uff0c\u5176\u4e2d\u56fd\u5185\u822a\u7ebf 1,303 \u6761\uff0c\u56fd\u9645\u822a\u7ebf 90 \u6761\uff0c\u5730\u533a\u822a\u7ebf 8 \u6761\u3002<\/p>\n<p>\u4ece 2020 \u5e74\u5f00\u59cb\uff0c\u53d7 COVID-19 \u75ab\u60c5\u53ca\u5176\u5bf9\u56fd\u5185\u548c\u56fd\u9645\u5e02\u573a\u822a\u7a7a\u65c5\u884c\u9700\u6c42\u7684\u8d1f\u9762\u5f71\u54cd\uff0c\u4ee5\u53ca\u4e2d \u56fd\u548c\u5176\u4ed6\u56fd\u5bb6\u653f\u5e9c\u90e8\u95e8\u5b9e\u65bd\u7684\u5404\u79cd\u65c5\u884c\u9650\u5236\u548c\u8fb9\u5883\u7ba1\u5236\u63aa\u65bd\u7684\u5f71\u54cd\uff0c\u4e2d\u56fd\u5357\u822a\u4e0d\u5f97\u4e0d\u5bf9\u5176\u822a \u7ebf\u8fdb\u884c\u4e00\u5b9a\u7684\u8c03\u6574\uff0c\u5305\u62ec\u6682\u65f6\u505c\u6b62\u6216\u51cf\u5c11\u90e8\u5206\u822a\u7ebf\u7684\u822a\u73ed\u6570\u91cf\u3002CSA \u7684\u56fd\u5185\u822a\u7ebf\u5728 2020 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u53d7\u5230\u8f83\u5927\u5f71\u54cd\uff0c\u6b64\u540e\u9010\u6e10\u6062\u590d\uff1b\u56fd\u9645\u822a\u7ebf\u81ea 2020 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8d77\u53d7\u5230\u4e0d\u5229\u5f71\u54cd\uff0c\u622a\u81f3 2021 \u5e74\u5e95\u4ecd\u672a\u6062\u590d\u3002<\/p>\n<p>\u5982\u4e0b\u56fe\u6240\u793a\uff0c2021 \u5e74\uff0c\u56fd\u5185\u3001\u56fd\u9645\u548c\u6e2f\u6fb3\u53f0\u822a\u73ed\u6536\u5165\u5206\u522b\u5360\u65c5\u5ba2\u603b\u6536\u5165\u7684 91.07%\u30018.63% \u548c 0.3%\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u5730\u7406\u5206\u90e8\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Geographic-Segment.png\" alt=\"Geographic Segment\" width=\"724\" height=\"436\" \/><\/a><\/p>\n<p>\u5982\u4e0b\u56fe\u6240\u793a\uff0c\u4ece 2020 \u5e74\u5f00\u59cb\uff0c\u56fd\u5185\u5ba2\u8fd0\u6536\u5165\u7684\u6bd4\u4f8b\u5f00\u59cb\u4e0a\u5347\uff0c\u56fd\u9645\u5ba2\u8fd0\u6536\u5165\u7684\u6bd4\u4f8b\u5f00\u59cb\u4e0b\u964d\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"2021 \u5e74\u5730\u7406\u5206\u90e8\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Geographic-Segment-2021.png\" alt=\"Geographic Segment 2021\" width=\"726\" height=\"436\" \/><\/a><\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u56fd\u5185\u822a\u7ebf<\/b><\/h2>\n<p>CSA \u8fd0\u8425\u7740\u5e7f\u6cdb\u7684\u56fd\u5185\u822a\u7ebf\u7f51\u7edc\u3002\u5176\u822a\u7ebf\u7f51\u7edc\u8986\u76d6\u4e2d\u56fd\u5927\u9646\u7684\u5546\u4e1a\u4e2d\u5fc3\u548c\u7ecf\u6d4e\u5feb\u901f\u53d1\u5c55\u5730\u533a\u3002\u9664\u4f4d\u4e8e\u5e7f\u5dde\u548c\u5317\u4eac\u7684\u6838\u5fc3\u67a2\u7ebd\u5916\uff0c\u4e2d\u56fd\u5357\u822a\u8fd8\u5728\u4e2d\u56fd\u5176\u4ed6 19 \u4e2a\u4e3b\u8981\u57ce\u5e02\uff08\u90d1\u5dde\u3001\u6b66\u6c49\u3001\u957f\u6c99\u3001\u6df1\u5733\u3001\u6c88\u9633\u3001\u957f\u6625\u3001\u5927\u8fde\u3001\u54c8\u5c14\u6ee8\u3001\u6d77\u53e3\u3001\u73e0\u6d77\u3001\u53a6\u95e8\u3001\u4e0a\u6d77\u3001\u897f\u5b89\u3001\u798f\u5dde\u3001\u5357\u5b81\u3001\u6842\u6797\u3001\u6c55\u5934\u3001\u8d35\u9633\u548c\u4e09\u4e9a\uff09\u8bbe\u6709\u822a\u7ebf\u57fa\u5730\uff0c\u5176\u4e2d\u5927\u90e8\u5206\u4e3a\u4e2d\u56fd\u7684\u7701\u4f1a\u57ce\u5e02\u6216\u4e3b\u8981\u5546\u4e1a\u4e2d\u5fc3\u3002CSA \u7684\u56fd\u5185\u822a\u7ebf\u7f51\u7edc\u8986\u76d6\u4e2d\u56fd\u5927\u90e8\u5206\u7701\u4efd\u548c\u81ea\u6cbb\u533a\u3002<\/p>\n<p>2021 \u5e74\uff0c\u5176\u6700\u9891\u7e41\u7684\u56fd\u5185\u822a\u7ebf\u4e3a\u4e0a\u6d77\u8679\u6865-\u6df1\u5733\u3001\u5e7f\u5dde-\u676d\u5dde\u3001\u5e7f\u5dde-\u5317\u4eac\u5927\u5174\u3001\u5e7f\u5dde-\u4e0a\u6d77\u8679\u6865\u3001\u5317\u4eac\u5927\u5174-\u6df1\u5733\u3001\u6df1\u5733-\u676d\u5dde\u3001\u5e7f\u5dde-\u91cd\u5e86\u3001\u5e7f\u5dde-\u6d77\u53e3\u3001\u5e7f\u5dde-\u897f\u5b89\u3001\u6210\u90fd-\u5317\u4eac\u5927\u5174\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u5730\u533a\u822a\u7ebf<\/b><\/h2>\n<p>CSA \u63d0\u4f9b\u5f80\u8fd4\u9999\u6e2f\u548c\u5317\u4eac\u3001\u6c88\u9633\u3001\u6885\u53bf\u3001\u6b66\u6c49\u3001\u4e49\u4e4c\u7684\u5b9a\u671f\u822a\u73ed\u670d\u52a1\uff1b\u53f0\u5317\u81f3\u5e7f\u5dde\u3001\u90d1\u5dde\u3001\u957f\u6625\u3001\u5927\u8fde\u3001\u5f20\u5bb6\u754c\u3001\u957f\u6c99\u3001\u54c8\u5c14\u6ee8\u3001\u8d35\u9633\u3001\u6842\u6797\u3001\u5357\u5b81\u3001\u4e0a\u6d77\u3001\u6c88\u9633\u3001\u63ed\u9633\u3001\u6df1\u5733\u3001\u6b66\u6c49\u3001\u77f3\u5bb6\u5e84\u3001\u4e49\u4e4c\u548c\u4e4c\u9c81\u6728\u9f50\uff0c\u4ee5\u53ca\u6fb3\u95e8\u81f3\u91cd\u5e86\u3001\u957f\u6c99\u548c\u6b66\u6c49\u3002<\/p>\n<p>2021 \u5e74\uff0c\u6700\u9891\u7e41\u7684\u5730\u533a\u822a\u7ebf\u662f\u4e0a\u6d77\u6d66\u4e1c-\u53f0\u5317\u3001\u53a6\u95e8-\u53f0\u5317\u3001\u676d\u5dde-\u6fb3\u95e8\u3001\u6cc9\u5dde-\u6fb3\u95e8\u3001\u53a6\u95e8-\u9999\u6e2f\u3001\u53a6\u95e8-\u6fb3\u95e8\u3001\u798f\u5dde-\u6fb3\u95e8\u3001\u53a6\u95e8-\u53f0\u5317\u677e\u5c71\u3001\u798f\u5dde-\u9999\u6e2f\u3002\u7531\u4e8e\u6c11\u822a\u5c40\u5e94\u5bf9COVID-19\u5927\u6d41\u884c\u7684\u8981\u6c42\uff0c\u622a\u81f32021\u5e7412\u670831\u65e5\uff0c\u53ea\u4fdd\u7559\u4e86\u4e00\u6761\u53f0\u6e7e\u822a\u7ebf\uff08\u4e0a\u6d77\u6d66\u4e1c-\u53f0\u5317\uff09\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u56fd\u9645\u822a\u7ebf<\/b><\/h2>\n<p>CSA \u7684\u56fd\u9645\u4e1a\u52a1\u5305\u62ec\u98de\u5f80\u6fb3\u5927\u5229\u4e9a\u3001\u5b5f\u52a0\u62c9\u56fd\u3001\u67ec\u57d4\u5be8\u3001\u52a0\u62ff\u5927\u3001\u8377\u5170\u3001\u6cd5\u56fd\u3001\u5370\u5ea6\u5c3c\u897f\u4e9a\u3001\u65e5\u672c\u3001\u80af\u5c3c\u4e9a\u3001\u9a6c\u6765\u897f\u4e9a\u3001\u7f05\u7538\u3001\u5c3c\u6cca\u5c14\u3001\u65b0\u897f\u5170\u3001\u5df4\u57fa\u65af\u5766\u3001\u83f2\u5f8b\u5bbe\u3001\u65b0\u52a0\u5761\u3001\u97e9\u56fd\u3001\u6cf0\u56fd\u3001\u7f8e\u5229\u575a\u5408\u4f17\u56fd\uff08\u7f8e\u56fd\uff09\u548c\u8d8a\u5357\u7b49\u57ce\u5e02\u7684\u5b9a\u671f\u822a\u73ed\u3002<\/p>\n<p>\u52a0\u822a\u6700\u53d7\u6b22\u8fce\u7684\u56fd\u9645\u822a\u7ebf\u662f\u7f8e\u56fd\u822a\u7ebf\u548c\u6b27\u6d32\u822a\u7ebf\u30022021 \u5e74\uff0c\u5176\u6700\u9891\u7e41\u7684\u56fd\u9645\u822a\u7ebf\u662f\u4e0a\u6d77\u6d66\u4e1c-\u6d1b\u6749\u77f6\u3001\u4e0a\u6d77\u6d66\u4e1c-\u6cd5\u5170\u514b\u798f\u3001\u5e7f\u5dde-\u6cd5\u5170\u514b\u798f\u3001\u5e7f\u5dde-\u6d1b\u6749\u77f6\u3001\u5e7f\u5dde-\u963f\u59c6\u65af\u7279\u4e39\u3001\u4e0a\u6d77\u6d66\u4e1c-\u963f\u59c6\u65af\u7279\u4e39\u3001\u4e0a\u6d77\u6d66\u4e1c-\u5b89\u514b\u96f7\u5947-\u829d\u52a0\u54e5\u3001\u829d\u52a0\u54e5-\u4e0a\u6d77\u6d66\u4e1c\u3001\u5e7f\u5dde-\u5b89\u514b\u96f7\u5947-\u6d1b\u6749\u77f6\u548c\u5e7f\u5dde-\u4f26\u6566\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u8d27\u7269\u548c\u90ae\u4ef6\u8fd0\u8f93<\/b><\/h2>\n<p>\u52a0\u7a7a\u5c40\u8fd8\u63d0\u4f9b\u822a\u7a7a\u8d27\u8fd0\u548c\u90ae\u4ef6\u670d\u52a1\u3002\u8fd9\u4e9b\u670d\u52a1\u4e2d\u6709\u5f88\u5927\u4e00\u90e8\u5206\u4e0e\u5ba2\u8fd0\u822a\u73ed\u670d\u52a1\u76f8\u7ed3\u5408\u3002\u5357\u822a\u4e3b\u8981\u901a\u8fc7\u5176\u4f4d\u4e8e\u5e7f\u5dde\u548c\u4e0a\u6d77\u7684\u8d27\u8fd0\u67a2\u7ebd\u5f00\u5c55\u8d27\u8fd0\u4e1a\u52a1\u30022021 \u5e74\uff0c\u5357\u822a\u62e5\u6709 2 \u67b6\u6ce2\u97f3 747 \u8d27\u673a\u548c 14 \u67b6\u6ce2\u97f3 777 \u8d27\u673a\uff0c\u4e3b\u8981\u670d\u52a1\u4e8e 13 \u6761\u56fd\u9645\u8d27\u8fd0\u822a\u7ebf\uff0c\u5305\u62ec<\/p>\n<p>\u5e7f\u5dde-\u91cd\u5e86-\u963f\u59c6\u65af\u7279\u4e39-\u5e7f\u5dde\uff0c\u5e7f\u5dde-\u963f\u59c6\u65af\u7279\u4e39-\u5e7f\u5dde\uff0c\u5e7f\u5dde-\u6cd5\u5170\u514b\u798f-\u4f26\u6566-\u5e7f\u5dde\uff0c\u5e7f\u5dde-\u6cd5\u5170\u514b\u798f-\u5e7f\u5dde\uff0c\u5e7f\u5dde-\u5b89\u514b\u62c9\u6cbb-\u6d1b\u6749\u77f6-\u5e7f\u5dde\uff0c\u5e7f\u5dde-\u6cb3\u5185-\u6cb3\u5185-\u5e7f\u5dde\uff0c\u4e0a\u6d77\u6d66\u4e1c-\u963f\u59c6\u65af\u7279\u4e39-\u91cd\u5e86-\u4e0a\u6d77\u6d66\u4e1c\u3001\u4e0a\u6d77\u6d66\u4e1c-\u963f\u59c6\u65af\u7279\u4e39-\u4e0a\u6d77\u6d66\u4e1c\u3001\u4e0a\u6d77\u6d66\u4e1c-\u6cd5\u5170\u514b\u798f-\u4e0a\u6d77\u6d66\u4e1c\u3001\u4e0a\u6d77\u6d66\u4e1c-\u5b89\u514b\u96f7\u5947-\u829d\u52a0\u54e5-\u4e0a\u6d77\u6d66\u4e1c\uff0c\u4ee5\u53ca\u4e0a\u6d77\u6d66\u4e1c-\u6d1b\u6749\u77f6-\u4e0a\u6d77\u6d66\u4e1c\u3001\u6df1\u5733-\u6cd5\u5170\u514b\u798f-\u6df1\u5733\u548c\u6df1\u5733-\u5b89\u514b\u96f7\u5947-\u829d\u52a0\u54e5-\u6df1\u5733\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u7ade\u4e89\u5206\u6790<\/b><\/h2>\n<p><b>\u56fd\u5185<\/b><\/p>\n<p>\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u9762\u4e34\u7740\u4e2d\u56fd\u5176\u4ed6\u822a\u7a7a\u516c\u53f8\u548c\u9ad8\u901f\u94c1\u8def\u7684\u7ade\u4e89\u3002<\/p>\n<p>\u5728\u4e2d\u56fd\u822a\u7a7a\u4e1a\uff0c\u4e09\u5927\u822a\u7a7a\u516c\u53f8\u662f\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u3001\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u516c\u53f8\u548c\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\u30022021 \u5e74\uff0c\u8fd9\u4e09\u5bb6\u822a\u7a7a\u516c\u53f8\u5408\u8ba1\u63a7\u5236\u4e86\u4e2d\u56fd\u5546\u4e1a\u822a\u7a7a\u5e02\u573a\u7ea6 55.82% \u7684\u5ba2\u8fd0\u91cf\u3002\u76ee\u524d\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u5728\u516c\u53f8\u603b\u90e8\u6240\u5728\u5730\u5e7f\u5dde\u7684\u5e02\u573a\u4efd\u989d\u8d85\u8fc7 50%\u30022021 \u5e74\uff0c\u4e2d\u56fd\u5357\u822a\u7684\u65c5\u5ba2\u8fd0\u8f93\u91cf\u5e02\u573a\u4efd\u989d\u4e3a 22.4%\uff0c\u8d27\u90ae\u8fd0\u8f93\u91cf\u5e02\u573a\u4efd\u989d\u4e3a 19.7%\u3002\u4e0b\u56fe\u663e\u793a\u4e86 CSA \u8fc7\u53bb\u4e94\u5e74\u5728\u4e2d\u56fd\u7684\u65c5\u5ba2\u8fd0\u8f93\u91cf\u548c\u8d27\u90ae\u8fd0\u8f93\u91cf\u5e02\u573a\u4efd\u989d\u3002\u867d\u7136 CSA \u7684\u5ba2\u8fd0\u5e02\u573a\u4efd\u989d\u4e00\u76f4\u5728 23% \u5de6\u53f3\u5c0f\u5e45\u6ce2\u52a8\uff0c\u4f46\u8fd1\u5e74\u6765 CSA \u7684\u8d27\u90ae\u8fd0\u8f93\u5e02\u573a\u4efd\u989d\u5374\u5728\u9010\u6b65\u4e0b\u964d\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"CSA \u5e02\u573a\u4efd\u989d\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/CSA-Market-Share.png\" alt=\"CSA Market Share\" width=\"722\" height=\"434\" \/><\/a><\/p>\n<p>\u6765\u6e90 \u5e02\u573a\u4efd\u989d<\/p>\n<p>\u5728 Skytrax \u4e0a\uff0c\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u516c\u53f8\u548c\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u603b\u4f53\u8bc4\u5206\u5206\u522b\u4e3a 4 \u5206\u548c 5 \u5206\uff08\u6ee1\u5206 10 \u5206\uff09\u3002\u5728\u4e09\u5bb6\u822a\u7a7a\u516c\u53f8\u4e2d\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u8bc4\u5206\u6700\u9ad8\uff0c\u4e3a 8 \u5206\u3002\u4e0b\u56fe\u663e\u793a\u4e86\u4e09\u5bb6\u822a\u7a7a\u516c\u53f8\u5728\u9910\u996e\u3001\u673a\u4e0a\u5a31\u4e50\u3001\u5ea7\u6905\u8212\u9002\u5ea6\u3001\u5458\u5de5\u670d\u52a1\u548c\u6027\u4ef7\u6bd4\u65b9\u9762\u7684\u5177\u4f53\u8bc4\u5206\u3002\u5728\u6240\u6709\u6807\u51c6\u4e2d\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u8bc4\u5206\u6700\u9ad8\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u822a\u7a7a\u516c\u53f8\u8bc4\u7ea7\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Airlines-Ratings.png\" alt=\"Airlines Ratings\" width=\"722\" height=\"436\" \/><\/a><\/p>\n<p>CSA \u8fd8\u9762\u4e34\u7740\u6765\u81ea\u9ad8\u901f\u94c1\u8def\u4f7f\u7528\u91cf\u589e\u52a0\u7684\u7ade\u4e89\u3002\u8fde\u63a5\u534e\u5317\u3001\u534e\u4e2d\u3001\u534e\u5357\u4e3b\u8981\u57ce\u5e02\u7684 \"\u516b\u6a2a\u516b\u7eb5 \"\u9ad8\u901f\u94c1\u8def\u901a\u9053\u6b63\u5728\u9010\u6b65\u5f62\u6210\u3002\u4eba\u53e3\u5728 50 \u4e07\u4ee5\u4e0a\u7684\u57ce\u5e02\u5c06\u901a\u8fc7\u9ad8\u901f\u94c1\u8def\u8fde\u63a5\u8d77\u6765\uff0c\u5f62\u6210\u5206\u522b\u5728 1 \u5c0f\u65f6\u30012 \u5c0f\u65f6\u548c 3 \u5c0f\u65f6\u884c\u7a0b\u8303\u56f4\u5185\u7684\u57ce\u5e02\u8fde\u63a5\u7ebf\u3002\u9ad8\u901f\u94c1\u8def\u7684\u6700\u9ad8\u8fd0\u884c\u65f6\u901f\u4e3a 350 \u516c\u91cc\u3002\u9884\u8ba1\u672a\u6765\u8fd8\u4f1a\u6709\u8fdb\u4e00\u6b65\u7684\u6539\u8fdb\u3002\u81ea\u4eac\u6caa\u3001\u4eac\u5e7f\u9ad8\u94c1\u5206\u522b\u4e8e 2011 \u5e74\u548c 2012 \u5e74\u6295\u5165\u8fd0\u8425\u4ee5\u6765\uff0c\u8be5\u516c\u53f8\u7684\u5ba2\u6237\u4e00\u76f4\u5728\u6d41\u5931\u3002\u65c5\u884c\u8ddd\u79bb\u5728 800 \u516c\u91cc\u81f3 1000 \u516c\u91cc\u4e4b\u95f4\u7684\u4e58\u5ba2\u7ade\u4e89\u6fc0\u70c8\uff0c\u968f\u7740\u901f\u5ea6\u7684\u63d0\u9ad8\uff0c\u9ad8\u901f\u94c1\u8def\u53ef\u80fd\u4f1a\u5438\u5f15\u65c5\u884c\u8ddd\u79bb\u8d85\u8fc7 1000 \u516c\u91cc\u7684\u4e58\u5ba2\u3002\u672a\u6765\uff0c\u4e0e\u9ad8\u94c1\u7f51\u7edc\u91cd\u53e0\u7684 CSA \u7ebf\u8def\u7684\u8fd0\u8425\u4e1a\u7ee9\u5c06\u53d7\u5230\u4e00\u5b9a\u7a0b\u5ea6\u7684\u5f71\u54cd\u3002<\/p>\n<p><b>\u5168\u7403<\/b><\/p>\n<p>CSA \u5728\u56fd\u9645\u822a\u7ebf\u4e0a\u4e0e\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u516c\u53f8\uff08Air China\uff09\u3001\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\uff08China Eastern Airlines\uff09\u4ee5\u53ca\u5176\u4ed6\u975e\u4e2d\u56fd\u7c4d\u822a\u7a7a\u516c\u53f8\u5c55\u5f00\u7ade\u4e89\u3002\u5982\u4e0b\u8868\u6240\u793a\uff0c\u5728\u7ade\u4e89\u5bf9\u624b\u4e2d\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u5728\u8bc4\u7ea7\u3001\u5458\u5de5\u4eba\u6570\u548c\u673a\u961f\u89c4\u6a21\u65b9\u9762\u5747\u8868\u73b0\u7a81\u51fa\u3002<\/p>\n<p>\u4e0e\u4e2d\u56fd\u5176\u4ed6\u822a\u7a7a\u516c\u53f8\u76f8\u6bd4\uff0c\u4ece\u8bc4\u5206\u6765\u770b\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u63d0\u4f9b\u4e86\u66f4\u597d\u7684\u98de\u884c\u4f53\u9a8c\u3002\u7136\u800c\uff0c\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u516c\u53f8\u548c\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\u66f4\u6ce8\u91cd\u56fd\u9645\u5e02\u573a\uff0c\u5f80\u8fd4\u4e2d\u56fd\u7684\u56fd\u9645\u822a\u73ed\u9891\u7387\u901a\u5e38\u66f4\u9ad8\u3002\u4e0b\u8868\u6240\u5217\u7684\u5176\u4ed6\u975e\u4e2d\u56fd\u822a\u7a7a\u516c\u53f8\u4e5f\u6709\u66f4\u9891\u7e41\u7684\u5f80\u8fd4\u4e2d\u56fd\u7684\u56fd\u9645\u822a\u73ed\u3002\u5728\u56fd\u9645\u4e58\u5ba2\u4e2d\uff0c\u975e\u4e2d\u56fd\u822a\u7a7a\u516c\u53f8\u7684\u54c1\u724c\u77e5\u540d\u5ea6\u4e5f\u9ad8\u4e8e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u3002<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>\u822a\u7a7a\u516c\u53f8<\/b><\/td>\n<td><b>\u7ade\u4e89\u5730\u533a<\/b><\/td>\n<td><b>Skytrax \u7684\u8bc4\u7ea7<\/b><\/td>\n<td><b>\u5458\u5de5\u4eba\u6570\uff08\u5343\u4eba\uff09<\/b><\/td>\n<td><b>\u8239\u961f\u89c4\u6a21<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u56fd\u5185\u3001\u4e9a\u6d32\u3001\u6b27\u6d32\u3001\u7f8e\u56fd\u3001\u6fb3\u5927\u5229\u4e9a<\/td>\n<td>8<\/td>\n<td>98.1<\/td>\n<td>878<\/td>\n<\/tr>\n<tr>\n<td>\u56fd\u822a<\/td>\n<td>\u56fd\u5185\u3001\u4e9a\u6d32\u3001\u6b27\u6d32\u3001\u7f8e\u56fd\u3001\u6fb3\u5927\u5229\u4e9a<\/td>\n<td>4<\/td>\n<td>88.4<\/td>\n<td>475<\/td>\n<\/tr>\n<tr>\n<td>\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a<\/td>\n<td>\u56fd\u5185\u3001\u4e9a\u6d32\u3001\u6b27\u6d32\u3001\u7f8e\u56fd\u3001\u6fb3\u5927\u5229\u4e9a<\/td>\n<td>5<\/td>\n<td>77.01<\/td>\n<td>600<\/td>\n<\/tr>\n<tr>\n<td>\u5168\u65e5\u7a7a\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u4e9a\u6d32<\/td>\n<td>8<\/td>\n<td>45.8<\/td>\n<td>214<\/td>\n<\/tr>\n<tr>\n<td>\u6cf0\u56fd\u56fd\u9645\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u4e9a\u6d32<\/td>\n<td>7<\/td>\n<td>14.9<\/td>\n<td>43<\/td>\n<\/tr>\n<tr>\n<td>\u65b0\u52a0\u5761\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u4e9a\u6d32<\/td>\n<td>7<\/td>\n<td>14.4<\/td>\n<td>147<\/td>\n<\/tr>\n<tr>\n<td>\u56fd\u6cf0\u822a\u7a7a<\/td>\n<td>\u4e9a\u6d32\u3001\u6b27\u6d32\u3001\u7f8e\u56fd<\/td>\n<td>7<\/td>\n<td>21.6<\/td>\n<td>126<\/td>\n<\/tr>\n<tr>\n<td>\u6cd5\u56fd\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u6b27\u6d32<\/td>\n<td>5<\/td>\n<td>84.6<\/td>\n<td>212<\/td>\n<\/tr>\n<tr>\n<td>\u6c49\u838e\u96c6\u56e2<\/td>\n<td>\u6b27\u6d32<\/td>\n<td>6<\/td>\n<td>105.3<\/td>\n<td>285<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u56fd\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\u7f8e\u56fd<\/td>\n<td>2<\/td>\n<td>123.4<\/td>\n<td>913<\/td>\n<\/tr>\n<tr>\n<td>\u8fbe\u7f8e\u822a\u7a7a<\/td>\n<td>\u7f8e\u56fd<\/td>\n<td>4<\/td>\n<td>83<\/td>\n<td>877<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u6765\u6e90 \u5e02\u573a\u4efd\u989d<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>20-F \u7814\u7a76<\/b><\/h2>\n<p>20-F \u8868\u683c\u662f\u5728\u7f8e\u56fd\u8fdb\u884c\u8bc1\u5238\u4ea4\u6613\u7684\u975e\u7f8e\u56fd\u548c\u975e\u52a0\u62ff\u5927\u516c\u53f8\u63d0\u4ea4\u7684\u5e74\u5ea6\u62a5\u544a\u3002\u9274\u4e8e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u5728\u9999\u6e2f\u4e0a\u5e02\uff0c\u5e76\u4ee5\u7f8e\u56fd\u5b58\u6258\u80a1\u7968\uff08ADS\uff09\u7684\u5f62\u5f0f\u5728\u7f8e\u56fd\u53d1\u884c\uff0c\u56e0\u6b64\u6211\u4eec\u4ece 20-F \u8868\u683c\u4e2d\u6536\u96c6\u8d22\u52a1\u6570\u636e\uff0c\u800c\u4e0d\u662f 10K \u8868\u683c\uff0c\u4ee5\u4fbf\u8fdb\u4e00\u6b65\u7814\u7a76\u3002<\/p>\n<p>\u6211\u4eec\u5c06 2003 \u5e74\u81f3 2022 \u5e74\u7684\u6240\u6709\u98ce\u9669\u56e0\u7d20\u5f52\u7eb3\u4e3a 35 \u4e2a\u98ce\u9669\u56e0\u7d20\uff0c\u5176\u4e2d\u5305\u62ec\u4e0e\u5357\u822a\u4e1a\u52a1\u76f8\u5173\u7684\u98ce\u9669\u3001\u4e0e\u4e2d\u56fd\u666e\u901a\u822a\u7a7a\u4e1a\u76f8\u5173\u7684\u98ce\u9669\u4ee5\u53ca\u4e0e\u653f\u6cbb\u76f8\u5173\u7684\u98ce\u9669\u3002<\/p>\n<p>\u603b\u4f53\u800c\u8a00\uff0c\u5357\u822a\u7684\u98ce\u9669\u56e0\u7d20\u4ece 2003 \u5e74\u7684 15 \u79cd\u589e\u52a0\u5230 2022 \u5e74\u7684 31 \u79cd\u3002\u7a76\u5176\u539f\u56e0\uff0c\u53ef\u80fd\u4e5f\u4e0e\u98ce\u9669\u9884\u6d4b\u6a21\u578b\u7684\u65e5\u76ca\u5b8c\u5584\u6709\u5173\u3002<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u98ce\u9669\u56e0\u7d20\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Risk-Factor-1024x483.png\" alt=\"Risk Factor\" width=\"1024\" height=\"483\" \/><\/a><\/p>\n<p>\u6765\u6e90 investopedia\u3002<\/p>\n<p>\u5982\u4e0a\u56fe\u6240\u793a\uff0c\u6709 3 \u79cd\u98ce\u9669\u53ef\u80fd\u6027\uff08\u4e0d\u53ef\u80fd\u3001\u53ef\u80fd\u548c\u53ef\u80fd\uff09\u6765\u8868\u793a\u4e8b\u4ef6\u53d1\u751f\u7684\u53ef\u80fd\u6027\uff0c\u6709 4 \u79cd\u98ce\u9669\u4e25\u91cd\u7a0b\u5ea6\uff08\u53ef\u63a5\u53d7\u3001\u53ef\u5bb9\u5fcd\u3001\u4e0d\u53ef\u53d6\u548c\u4e0d\u53ef\u5bb9\u5fcd\uff09\u6765\u8868\u793a\u98ce\u9669\u7684\u4e25\u91cd\u6027\u3002<\/p>\n<p>\u98ce\u9669\u77e9\u9635\u4e2d\u7684\u989c\u8272\u8d8a\u6df1\uff0c\u4ee3\u8868\u98ce\u9669\u7b49\u7ea7\u8d8a\u9ad8\uff0c\u5982\u5458\u5de5\u4e0d\u5f53\u884c\u4e3a\u3001\u300a\u5916\u56fd\u516c\u53f8\u95ee\u8d23\u6cd5\u300b\u3001COVID-19 \u5927\u6d41\u884c\u75c5\u3001\u4e2d\u7f8e\u6570\u636e\u4e49\u52a1\u7b49\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u98ce\u9669\u56e0\u7d20\u53d1\u751f\u8868<\/b><\/h2>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u98ce\u9669\u56e0\u7d20\u53d1\u751f\u8868\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Risk-Factors-Occurrence-Table-1024x860.png\" alt=\"Risk Factors Occurrence Table\" width=\"1024\" height=\"860\" \/><\/a><\/p>\n<p>\u6765\u6e90\u4e8e\u6295\u8d44\u767e\u79d1\u3002<\/p>\n<p>35 \u4e2a\u98ce\u9669\u56e0\u7d20\u5206\u4e3a\u4e09\u7c7b\uff1a\u6839\u636e\u9996\u6b21\u51fa\u73b0\u5e74\u4efd\u548c\u7ed3\u675f\u5e74\u4efd\u4ee5\u53ca\u51fa\u73b0\u9891\u7387\uff0c\u5c06 35 \u4e2a\u98ce\u9669\u56e0\u7d20\u5206\u4e3a\u4e09\u7c7b\uff1a\u6700\u591a\u63d0\u53ca\u7684\u98ce\u9669\u56e0\u7d20\u3001\u591a\u6b21\u63d0\u53ca\u7684\u98ce\u9669\u56e0\u7d20\u3001\u5728\u7279\u5b9a\u65f6\u95f4\u63d0\u53ca\u7684\u98ce\u9669\u56e0\u7d20\u3002<\/p>\n<p>\u5927\u591a\u6570\u88ab\u63d0\u53ca\u7684\u98ce\u9669\u56e0\u7d20\uff0820 \u6b21\uff09\u901a\u5e38\u662f\u7531\u822a\u7a7a\u4e1a\u7684\u5171\u6027\u56e0\u7d20\u6216\u4e2d\u56fd\u7684\u7279\u6b8a\u5e02\u573a\u7c7b\u578b\u9020\u6210\u7684\uff0c\u8fd9\u7c7b\u98ce\u9669\u56e0\u7d20\u57fa\u672c\u4e0a\u4e0d\u662f\u5355\u4e2a\u516c\u53f8\u53ef\u4ee5\u8f7b\u6613\u6539\u53d8\u7684\uff1a<\/p>\n<p>\u653f\u5e9c\u5f71\u54cd\uff1a\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u7684\u591a\u6570\u80a1\u6743\u7531\u4e2d\u56fd\u653f\u5e9c\u95f4\u63a5\u6301\u6709\uff0c\u4e2d\u56fd\u653f\u5e9c\u65bd\u52a0\u5f71\u54cd\u7684\u65b9\u5f0f\u53ef\u80fd\u4e0e\u7f8e\u56fd\u5b58\u6258\u80a1\u7968\u3001H \u80a1\u548c A \u80a1\u6301\u6709\u4eba\u7684\u5229\u76ca\u76f8\u51b2\u7a81\u3002<\/p>\n<p>\u9ad8\u6760\u6746\u7387\u548c\u9ad8\u56fa\u5b9a\u6210\u672c\uff1a\u7531\u4e8e\u9ad8\u7ecf\u8425\u6760\u6746\u548c\u9ad8\u56fa\u5b9a\u6210\u672c\uff0c\u6211\u4eec\u6536\u5165\u7684\u51cf\u5c11\u53ef\u80fd\u5bfc\u81f4\u5229\u6da6\u4e0d\u6210\u6bd4\u4f8b\u5730\u5927\u5e45\u4e0b\u964d\u3002<\/p>\n<p>\u4e0d\u5229\u6c47\u7387\uff1a\u8fd0\u8425\u7ed3\u679c\u4e5f\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u53d7\u5230\u5916\u6c47\u6c47\u7387\u6ce2\u52a8\u7684\u5f71\u54cd\u3002<\/p>\n<p>\u571f\u5730\u548c\u5efa\u7b51\u7269\u6240\u6709\u6743\u8bc9\u8bbc\uff1a\u7f3a\u4e4f\u8db3\u591f\u7684\u571f\u5730\u4f7f\u7528\u6743\u548c\u5efa\u7b51\u7269\u6240\u6709\u6743\u6587\u4ef6\u53ef\u80fd\u4f1a\u4f7f\u6211\u4eec\u53d7\u5230\u7b2c\u4e09\u65b9\u7684\u8d28\u7591\u548c\u7d22\u8d54\u3002<\/p>\n<p>\u822a\u7a7a\u71c3\u6cb9\u77ed\u7f3a\uff1a\u4efb\u4f55\u55b7\u6c14\u673a\u71c3\u6cb9\u77ed\u7f3a\u6216\u56fd\u5185\u55b7\u6c14\u673a\u71c3\u6cb9\u4ef7\u683c\u6ce2\u52a8\u90fd\u53ef\u80fd\u5bf9\u8fd0\u8425\u7ed3\u679c\u4ea7\u751f\u8d1f\u9762\u5f71\u54cd\u3002<\/p>\n<p>\u4e2d\u56fd\u822a\u7a7a\u5de5\u4e1a\u53d1\u5c55\u4e0d\u8db3\uff1a\u4e0e\u5176\u4ed6\u56fd\u5bb6\u76f8\u6bd4\uff0c\u4e2d\u56fd\u822a\u7a7a\u5de5\u4e1a\u7684\u6574\u4f53\u53d1\u5c55\u76f8\u5bf9\u6ede\u540e\u3002<\/p>\n<p>\u5e02\u573a\u7ade\u4e89\uff1a\u56fd\u5185\u548c\u56fd\u9645\u822a\u7a7a\u5e02\u573a\u7684\u7ade\u4e89\uff0c\u4ee5\u53ca\u5176\u4ed6\u8fd0\u8f93\u65b9\u5f0f\uff0c\u7279\u522b\u662f\u4e2d\u56fd\u94c1\u8def\u7f51\u7edc\u7684\u7ade\u4e89\u3002<\/p>\n<p>\u5bf9\u5916\u8d44\u6240\u6709\u6743\u7684\u9650\u5236\uff1a\u5bf9\u4e2d\u56fd\u822a\u7a7a\u516c\u53f8\u5916\u8d44\u6240\u6709\u6743\u7684\u9650\u5236\uff1a\u53ef\u80fd\u4f1a\u5f71\u54cd\u6211\u4eec\u5728\u56fd\u9645\u80a1\u6743\u8d44\u672c\u5e02\u573a\u4e0a\u7684\u878d\u8d44\u6e20\u9053\u3002<\/p>\n<p>\u591a\u91cd\u63d0\u53ca\u98ce\u9669\u56e0\u7d20\uff089-19 \u500d\uff09\u901a\u5e38\u4f1a\u968f\u7740\u516c\u53f8\u7684\u53d1\u5c55\u800c\u51fa\u73b0\uff0c\u9884\u8ba1\u4eca\u540e\u8fd8\u4f1a\u7ee7\u7eed\u51fa\u73b0\u3002\u8fd9\u4e9b\u98ce\u9669\u56e0\u7d20\u53ef\u80fd\u56e0\u590d\u6742\u7684\u4e1a\u52a1\u73af\u5883\u548c\u98ce\u9669\u6a21\u578b\u7684\u6539\u8fdb\u800c\u4ea7\u751f\uff1a<\/p>\n<p>\u5458\u5de5\u4e0d\u5f53\u884c\u4e3a\uff1a\u8fc7\u53bb\u66fe\u53d1\u751f\u8fc7\u5458\u5de5\u4e0d\u5f53\u884c\u4e3a\u4e8b\u4ef6\uff0c\u4eca\u540e\u53ef\u80fd\u65e0\u6cd5\u907f\u514d\u7c7b\u4f3c\u4e8b\u4ef6\u7684\u53d1\u751f\uff0c\u8fd9\u53ef\u80fd\u4f1a\u5bf9\u6211\u4eec\u7684\u58f0\u8a89\u3001\u4e1a\u52a1\u548c\u8bc1\u5238\u4ea4\u6613\u4ef7\u683c\u9020\u6210\u4e0d\u5229\u5f71\u54cd\u3002<\/p>\n<p>\u6b27\u6d32\u6392\u653e\uff1a\u4ece 2011 \u5e74\u5f00\u59cb\uff0c\u6b27\u6d32\u6392\u653e\u4ea4\u6613\u8ba1\u5212\u53ef\u80fd\u4f1a\u589e\u52a0\u96c6\u56e2\u7684\u8fd0\u8425\u6210\u672c\u3002<\/p>\n<p>\u5728\u7279\u5b9a\u65f6\u95f4\u63d0\u53ca\u7684\u98ce\u9669\u56e0\u7d20\uff08\u5c11\u4e8e 9 \u4e2a\uff09\u53d1\u751f\u5728\u7279\u5b9a\u65f6\u95f4\u6216\u6700\u8fd1\uff0c\u901a\u5e38\u4f1a\u5728\u77ed\u671f\u5185\u5bf9\u516c\u53f8\u9020\u6210\u91cd\u5927\u5f71\u54cd\uff1a<\/p>\n<p>COVID-19 \u5927\u6d41\u884c\u75c5\uff1aCOVID-19 \u5927\u6d41\u884c\u75c5\u7684\u7206\u53d1\u548c\u5168\u7403\u8513\u5ef6\u5bf9\u6211\u4eec\u7684\u4e1a\u52a1\u9020\u6210\u4e86\u91cd\u5927\u4e0d\u5229\u5f71\u54cd\u3002\u5927\u6d41\u884c\u75c5\u7684\u6301\u7eed\u65f6\u95f4\u548c\u4e25\u91cd\u7a0b\u5ea6\uff0c\u4ee5\u53ca\u6211\u4eec\u672a\u6765\u53ef\u80fd\u9762\u4e34\u7684\u7c7b\u4f3c\u516c\u5171\u536b\u751f\u5a01\u80c1\u6216\u5927\u89c4\u6a21\u81ea\u7136\u707e\u5bb3\uff0c\u90fd\u53ef\u80fd\u5bf9\u6211\u4eec\u7684\u4e1a\u52a1\u9020\u6210\u66f4\u591a\u4e0d\u5229\u5f71\u54cd\u3002<\/p>\n<p>\u4e2d\u7f8e\u4e4b\u95f4\u7684\u6570\u636e\u4e49\u52a1\uff1a\u4e0e\u6570\u636e\u9690\u79c1\u548c\u7f51\u7edc\u5b89\u5168\u76f8\u5173\u7684\u6cd5\u5f8b\u548c\u5408\u540c\u4e49\u52a1\u975e\u5e38\u4e25\u683c\uff0c\u6211\u4eec\u53ef\u80fd\u4f1a\u9762\u4e34\u4e0e\u4e2a\u4eba\u4fe1\u606f\u548c\u5176\u4ed6\u6570\u636e\u7ba1\u7406\u76f8\u5173\u7684\u98ce\u9669\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u98ce\u9669\u56e0\u7d20\u65f6\u95f4\u8868<\/b><\/h2>\n<p><b>\u00a0<\/b><\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u98ce\u9669\u56e0\u7d20\u65f6\u95f4\u8868\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Timeline-of-Risk-Factors-1024x473.png\" alt=\"Timeline of Risk Factors\" width=\"1024\" height=\"473\" \/><\/a><\/p>\n<p>\u6765\u6e90\u4e8e\u6295\u8d44\u767e\u79d1\u3002<\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>\u9996\u6b21\u516c\u5f00\u52df\u80a1\u540e\u7684\u8d22\u52a1\u72b6\u51b5<\/b><\/h3>\n<p>\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u5386\u53f2\u6570\u636e\u662f\u4ece\u822a\u7a7a\u516c\u53f8\u7f51\u7ad9\u4e0a\u4e0b\u8f7d\u7684\uff0c\u822a\u7a7a\u516c\u53f8\u7684\u56de\u62a5\u7387\u53ef\u4ee5\u5728\u4e0d\u540c\u65f6\u671f\u627e\u5230\uff0c\u4f46\u5bf9\u4e8e\u6211\u4eec\u7684\u6848\u4f8b\u6765\u8bf4\uff0c\u5e74\u5e95\u7684\u8d22\u52a1\u62a5\u8868\u5c06\u662f\u6211\u4eec\u5173\u6ce8\u7684\u9886\u57df\uff0c\u672c\u5206\u6790\u7684\u65f6\u671f\u5e94\u4ece2017\u5e74\u52302021\u5e74\u3002\u6211\u4eec\u53ef\u4ee5\u627e\u5230\u822a\u7a7a\u516c\u53f8\u4e09\u5e74\u7684\u5e02\u76c8\u7387\uff0c\u5176\u4e2d2017-09-30\u7684\u80a1\u4ef7\u4e3a33.52\uff0c\u5f53\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a$4.59.\u56e0\u6b64\u822a\u7a7a\u516c\u53f8\u7684\u5e02\u76c8\u7387\u4e3a7.30\u300259.\u56e0\u6b64\u822a\u7a7a\u516c\u53f8\u7684\u5e02\u76c8\u7387\u4e3a7.30.2018-03-31\u80a1\u4ef7\u4e3a51.33\uff0c\u6bcf\u80a1\u6536\u76ca$4.50\uff0c\u5f53\u5e74\u5e02\u76c8\u7387\u4e3a11.41\uff0c2019-09-30\u80a1\u4ef7\u4e3a30.05\uff0c\u6bcf\u80a1\u6536\u76ca\u4e3a$6.57 \u5e74\u7684\u5e02\u76c8\u7387\u4e3a 4.57.2020-09-30 \u5e74\u7684\u80a1\u4ef7\u4e3a 27.19\uff0c\u6bcf\u80a1\u6536\u76ca\u4e3a $0.48\uff0c\u5e74\u7684\u5e02\u76c8\u7387\u4e3a 56.65.2021 \u5e74\u7684\u80a1\u4ef7\u4e3a 27.83\uff0c\u6bcf\u80a1\u6536\u76ca\u4e3a $-4.73\uff0c\u56e0\u6b64\u5e02\u76c8\u7387\u4e3a 0.<\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u9996\u6b21\u516c\u5f00\u52df\u80a1\u540e\u7684\u8d22\u52a1\u72b6\u51b5\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Financials-Since-IPO-1024x772.png\" alt=\"Financials Since IPO\" width=\"1024\" height=\"772\" \/><\/a><\/p>\n<p>\u6765\u6e90\u4e8e\u6295\u8d44\u767e\u79d1\u3002<\/p>\n<p>\u4ece\u4ee5\u4e0a\u5206\u6790\u53ef\u4ee5\u770b\u51fa\uff0c\u9664\u4e86 2020 \u5e74\u56e0\u6bcf\u80a1\u6536\u76ca\u4e3a\u8d1f\u800c\u5e02\u76c8\u7387\u4e3a\u96f6\u5916\uff0c\u822a\u7a7a\u516c\u53f8\u7684\u5e02\u76c8\u7387\u5747\u4e3a\u6b63\u503c\u3002\u8fd9\u4e5f\u8868\u660e\u822a\u7a7a\u516c\u53f8\u76ee\u524d\u7684\u7ecf\u8425\u72b6\u51b5\u662f\u76c8\u5229\u7684\u3002\u56e0\u6b64\uff0c\u6211\u4eec\u9700\u8981\u5206\u6790\u73b0\u91d1\u6d41\u91cf\u8868\u548c\u5229\u6da6\u8868\uff0c\u627e\u51fa\u5176\u76c8\u5229\u7684\u539f\u56e0\u3002<\/p>\n<p>\u4ece\u5357\u822a\u5229\u6da6\u8868\u4e2d\u53ef\u4ee5\u770b\u51fa\uff0c2021\u5e74\u5357\u822a\u8425\u4e1a\u603b\u6536\u5165\u4e3a$101,644\uff0c2020\u5e74\u4e3a$92,561\uff0c2019\u5e74\u4e3a$154,322\uff0c2018\u5e74\u4e3a$143,623\uff0c2017\u5e74\u4e3a$127,806\u3002\u800c2021\u5e74\u822a\u7a7a\u516c\u53f8\u7684\u8fd0\u8425\u6210\u672c\u4e3a116340 2020\u5e74\u4e3a109111\uff0c2019\u5e74\u4e3a148608\uff0c2018\u5e74\u4e3a140242\uff0c2017\u5e74\u4e3a123098\u30022021\u5e74\u7684\u8fd0\u8425\u6210\u672c\u8d85\u8fc7\u4e86\u6536\u5165\uff0c\u4e3a-14696\uff0c\u4e8f\u635f14%\uff0c\u5c062017\u5e74\u7684\u8fd0\u8425\u6210\u672c\u4e0e2021\u5e74\u7684\u6210\u672c\u8fdb\u884c\u5bf9\u6bd4\u53ef\u4ee5\u770b\u51fa\uff0c\u822a\u7a7a\u516c\u53f8\u7684\u8fd0\u8425\u6210\u672c\u51cf\u5c11\u4e866758\uff0c\u51cf\u5c11\u4e865.5 %\u3002\u7531\u6b64\u53ef\u89c1\uff0c\u822a\u7a7a\u516c\u53f8\u6b63\u5728\u52aa\u529b\u5c3d\u5feb\u6539\u53d8\u76ee\u524d\u4e8f\u635f\u7684\u8d22\u52a1\u72b6\u51b5\uff0c\u76ee\u524d\u7684\u4e8f\u635f\u662f\u53d7 COVID-19 \u5f71\u54cd\u7684\u7ed3\u679c\uff0c\u968f\u7740\u5927\u6d41\u884c\u75c5\u7684\u51cf\u5c11\uff0c\u8bb8\u591a\u56fd\u5bb6\u53d6\u6d88\u65c5\u884c\u9650\u5236\uff0c\u822a\u7a7a\u516c\u53f8\u7684\u4e1a\u52a1\u5c06\u4f1a\u56de\u5347\u3002\u81ea 2020 \u5e74\u521d\u4ee5\u6765\uff0cCovid 19 \u5bf9\u5e02\u573a\u7684\u5f71\u54cd\u5bfc\u81f4\u6574\u4e2a\u80a1\u5e02\u66b4\u8dcc\u3002\u4f46\u4ece\u7b2c\u4e8c\u5b63\u5ea6\u5f00\u59cb\uff0c\u822a\u7a7a\u516c\u53f8\u7684\u4e1a\u7ee9\u6b63\u5728\u4e0a\u5347\u3002<\/p>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>\u00a0<\/b><b>\u8fd0\u8425\u73b0\u91d1\u6d41\u5206\u6790<\/b><\/h3>\n<table>\n<tbody>\n<tr>\n<td>\u4e1a\u52a1\u6d3b\u52a8<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>\u9879\u76ee<\/td>\n<td>2021<\/td>\n<td>2020<\/td>\n<td>2019<\/td>\n<td>2018<\/td>\n<td>2017<\/td>\n<\/tr>\n<tr>\n<td>\u6263\u9664\u975e\u7ecf\u5e38\u6027\u635f\u76ca\u524d\u7684\u51c0\u6536\u5165<\/td>\n<td>(16,764)<\/td>\n<td>(17,075)<\/td>\n<td>4,598<\/td>\n<td>5,169<\/td>\n<td>10,232<\/td>\n<\/tr>\n<tr>\n<td>\u51c0\u6536\u5165\u589e\u957f<\/td>\n<td>1.82%<\/td>\n<td>-471.34%<\/td>\n<td>-11.05%<\/td>\n<td>-49.48%<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u6298\u65e7\u3001\u635f\u8017\u548c\u644a\u9500<\/td>\n<td>29,216<\/td>\n<td>27,559<\/td>\n<td>27,841<\/td>\n<td>16,546<\/td>\n<td>14,947<\/td>\n<\/tr>\n<tr>\n<td>\u6298\u65e7\u548c\u635f\u8017<\/td>\n<td>28,591<\/td>\n<td>27,310<\/td>\n<td>27,545<\/td>\n<td>16,546<\/td>\n<td>14,947<\/td>\n<\/tr>\n<tr>\n<td>\u65e0\u5f62\u8d44\u4ea7\u644a\u9500<\/td>\n<td>624<\/td>\n<td>248<\/td>\n<td>296<\/td>\n<td>\u2013<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u8fd0\u8425\u8d44\u91d1<\/td>\n<td>11176<\/td>\n<td>10578<\/td>\n<td>30428<\/td>\n<td>21278<\/td>\n<td>19914<\/td>\n<\/tr>\n<tr>\n<td>\u5468\u8f6c\u91d1\u53d8\u5316<\/td>\n<td>-1585<\/td>\n<td>-7146<\/td>\n<td>5243<\/td>\n<td>-2722<\/td>\n<td>789<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u57fa\u91d1<\/td>\n<td>-1225<\/td>\n<td>-94<\/td>\n<td>-2012<\/td>\n<td>-437<\/td>\n<td>-5266<\/td>\n<\/tr>\n<tr>\n<td>\u5e94\u6536\u8d26\u6b3e<\/td>\n<td>-1920<\/td>\n<td>1582<\/td>\n<td>1336<\/td>\n<td>-3564<\/td>\n<td>-1760<\/td>\n<\/tr>\n<tr>\n<td>\u5e94\u4ed8\u8d26\u6b3e<\/td>\n<td>699<\/td>\n<td>-1569<\/td>\n<td>2472<\/td>\n<td>218<\/td>\n<td>256<\/td>\n<\/tr>\n<tr>\n<td>\u5e93\u5b58<\/td>\n<td>130<\/td>\n<td>149<\/td>\n<td>-203<\/td>\n<td>-91<\/td>\n<td>-39<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u5e94\u8ba1\u9879\u76ee<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>370<\/td>\n<td>257<\/td>\n<\/tr>\n<tr>\n<td>\u5176\u4ed6\u8d44\u4ea7\/\u8d1f\u503a<\/td>\n<td>-494<\/td>\n<td>-7301<\/td>\n<td>1639<\/td>\n<td>346<\/td>\n<td>2074<\/td>\n<\/tr>\n<tr>\n<td>\u51c0\u7ecf\u8425\u73b0\u91d1\u6d41<\/td>\n<td>9591<\/td>\n<td>3433<\/td>\n<td>35671<\/td>\n<td>18556<\/td>\n<td>20703<\/td>\n<\/tr>\n<tr>\n<td>\u51c0\u7ecf\u8425\u73b0\u91d1\u6d41\u589e\u957f<\/td>\n<td>179.31%<\/td>\n<td>-90.38%<\/td>\n<td>-92.24%<\/td>\n<td>-10.37%<\/td>\n<td>\u2013<\/td>\n<\/tr>\n<tr>\n<td>\u51c0\u7ecf\u8425\u73b0\u91d1\u6d41\/\u9500\u552e\u989d<\/td>\n<td>7.83%<\/td>\n<td>3.30%<\/td>\n<td>20.38%<\/td>\n<td>10.96%<\/td>\n<td>14.05%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u822a\u7a7a\u516c\u53f8\u8fd0\u8425\u73b0\u91d1\u6d41\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/airline-operating-cash-flows-1024x625.png\" alt=\"airline operating cash flows\" width=\"1024\" height=\"625\" \/><\/a><\/p>\n<p>\u6765\u6e90 Yahoofinance<\/p>\n<p>\u822a\u7a7a\u516c\u53f8\u7684\u7ecf\u8425\u73b0\u91d1\u6d41\u603b\u662f\u5728\u4e0a\u4e0b\u6ce2\u52a8\/2017\u5e74\u7ecf\u8425\u73b0\u91d1\u51c0\u6d41\u91cf\u4ece207.03\u4ebf\u51cf\u5c11\u5230185.56\u4ebf\uff0c2018\u5e7420219\u5e74\u7ecf\u8425\u73b0\u91d1\u6d41\u91cf\u589e\u52a0\u5230356.71\u4ebf\uff0c\u589e\u52a0\u4e8647.98%.\u73b0\u91d1\u6d41\u91cf\u968f\u540e\u57282020\u5e74\u4e0b\u964d\u523034.33\u4ebf\uff0c2021\u5e74\u7565\u6709\u589e\u52a0\uff0c\u8fbe\u523095.91\u4ebf.\u73b0\u91d1\u6d41\u91cf\u8d8b\u52bf\u8868\u660e\uff0c\u7ecf\u8425\u73b0\u91d1\u51c0\u6d41\u91cf\u5728\u4e00\u5b9a\u65f6\u671f\u5185\u4f1a\u51cf\u5c11\u3002\u6bd4\u8f83\u822a\u7a7a\u516c\u53f8\u51c0\u7ecf\u8425\u73b0\u91d1\u6d41\u7684\u6bd4\u7387\u57282021\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6709\u6240\u4e0b\u964d\u3002\u51c0\u7ecf\u8425\u6bd4\u7387\u663e\u793a\uff0c2017\u5e74\u8be5\u6bd4\u7387\u4e3a7.83%\uff0c\u4f462018\u5e74\u4e0b\u964d\u52303.30%\uff0c\u7136\u800c2019\u5e74\u8be5\u6bd4\u7387\u4e0a\u5347\u523020.38\uff0c\u589e\u52a0\u4e86\u7ea617.08 %.\u5c3d\u7ba1\u5982\u6b64\uff0c2020\u5e74\u6bd4\u9500\u552e\u51c0\u73b0\u91d1\u6d41\u4e0b\u964d\u523010.96%\uff0c\u800c2021\u5e74\u589e\u52a0\u4e86\u7ea63.09%\u3002<\/p>\n<p>\u5728\u6298\u65e7\u3001\u635f\u8017\u548c\u644a\u9500\u65b9\u9762\uff0c2017 \u5e74\u548c 2018 \u5e74\u7684\u91d1\u989d\u5206\u522b\u4ece 1.497 \u4ebf\u7f8e\u5143\u9010\u5e74\u589e\u52a0\u5230 1.6546 \u4ebf\u7f8e\u5143\u3002\u65e0\u5f62\u8d44\u4ea7\u644a\u9500\u663e\u793a\uff0c\u4ece 2019 \u5e74\u7684 2.96 \u4ebf\u5230 2020 \u5e74\u7684 2.48 \u4ebf\uff0c\u518d\u5230 2021 \u5e74\u7684 6.24 \u4ebf\uff0c\u65e0\u5f62\u8d44\u4ea7\u644a\u9500\u9010\u6e10\u589e\u52a0\u3002\u8fd0\u8425\u8d44\u91d1\u6bcf\u5e74\u90fd\u662f\u6b63\u6570\uff0c\u8fd9\u4f7f\u5f97\u51c0\u6536\u5165\u9010\u5e74\u589e\u52a0\u3002\u9664 2019 \u5e74\u548c 2017 \u5e74\u4e3a\u6b63\u6570\u5916\uff0c\u8425\u8fd0\u8d44\u91d1\u53d8\u5316\u5747\u4e3a\u8d1f\u6570\u30022017 \u5e74\u7684\u5e94\u4ed8\u8d26\u6b3e\u4ece 2.56 \u4ebf\u51cf\u5c11\u5230 2018 \u5e74\u7684 2.18 \u4ebf\uff0c2019 \u5e74\u7684\u5e94\u4ed8\u8d26\u6b3e\u4e5f\u6709\u6240\u589e\u52a0\uff0c\u4e3a 2.47 \u4ebf\u3002\u6700\u540e\uff0c\u5b58\u8d27\u5728 2017 \u5e74\u548c 2018 \u5e74\u4e3a\u8d1f\u6570\uff0c\u4f46\u5728 2019 \u5e74\u81f3 2021 \u5e74\u4e3a\u6b63\u6570\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u8d44\u672c\u5316\u5206\u6790<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td>2021<\/td>\n<td>2020<\/td>\n<td>2019<\/td>\n<td>2018<\/td>\n<td>2017<\/td>\n<\/tr>\n<tr>\n<td>\u603b\u8d44\u672c\u5316<\/td>\n<td>104, 417,000<\/td>\n<td>82, 476,000<\/td>\n<td>78, 905,000<\/td>\n<td>72, 714,000<\/td>\n<td>104, 331,000<\/td>\n<\/tr>\n<tr>\n<td>\u666e\u901a\u80a1\u80a1\u672c<\/td>\n<td>10 088 173<\/td>\n<td>12 267 172<\/td>\n<td>12 267 172<\/td>\n<td>15 329 302<\/td>\n<td>16 948 417<\/td>\n<\/tr>\n<tr>\n<td>\u503a\u52a1\u603b\u989d<\/td>\n<td>94,328,827<\/td>\n<td>70,208,828<\/td>\n<td>66,637,828<\/td>\n<td>57,384,698<\/td>\n<td>87,382,583<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u4ece 2017 \u5e74\u5230 2021 \u5e74\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u603b\u80a1\u672c\u76f8\u5bf9\u589e\u52a0\u3002\u516c\u6709\u80a1\u672c\u4ece 2020 \u5e74\u7684 12,267,172 \u80a1\u4e0b\u964d\u5230 10,088,173 \u80a1\u3002\u8d1f\u503a\u603b\u989d\u4ece2018\u5e74\u52302021\u5e74\u6709\u6240\u589e\u52a0\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u73b0\u91d1\u6301\u6709\u91cf\u00a0<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td>\u5e74<\/td>\n<td>2018<\/td>\n<td>2019<\/td>\n<td>2020<\/td>\n<td>2021\uff08\u5e74\u5ea6\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u73b0\u91d1\u6301\u6709\u4f30\u503c<\/td>\n<td>$6928<\/td>\n<td>$1849<\/td>\n<td>$25419<\/td>\n<td>$21450<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>\u5357\u822a2018\u5e74\u5e93\u5b58\u73b0\u91d1\u4e3a$6928\u30022019\u5e74\u62a5\u544a\u5e93\u5b58\u73b0\u91d1\u4e3a$1849\uff0c\u51cf\u5c1173.31%\u3002<\/li>\n<li>\u5357\u822a 2019 \u5e74\u5e93\u5b58\u73b0\u91d1\u4e3a $1849\uff0c2020 \u5e74\u589e\u81f3 $25419\uff0c\u589e\u957f 92.72%\u3002<\/li>\n<li>\u5357\u822a 2020 \u5e74\u7684\u5e93\u5b58\u73b0\u91d1\u4e3a $25419\uff0c2021 \u5e74\u7684\u5e93\u5b58\u73b0\u91d1\u4e3a $21450\uff0c\u51cf\u5c11\u4e86 15.611TP3\u3002<\/li>\n<\/ul>\n<p>\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u603b\u8d44\u4ea7\u3001\u603b\u8d1f\u503a\u3001\u73b0\u91d1\u53ca\u73b0\u91d1\u7b49\u4ef7\u7269\u3001\u5e94\u4ed8\u8d26\u6b3e\u3001\u5e94\u6536\u8d26\u6b3e\u548c\u80a1\u4e1c\u6743\u76ca<\/p>\n<p>\u6211\u4eec\u53ef\u4ee5\u4ece\u8be5\u516c\u53f8\u7684\u8d22\u52a1\u62a5\u8868\u4e2d\u627e\u5230 2017 \u5e74\u81f3 2021 \u5e74\u671f\u95f4\u7684\u603b\u8d44\u4ea7\u3001\u603b\u8d1f\u503a\u3001\u73b0\u91d1\u53ca\u73b0\u91d1\u7b49\u4ef7\u7269\u3001\u5e94\u4ed8\u8d26\u6b3e\u3001\u5e94\u6536\u8d26\u6b3e\u548c\u80a1\u4e1c\u6743\u76ca\u3002<\/p>\n<table>\n<tbody>\n<tr>\n<td>\u7ec6\u76ee<\/td>\n<td>2017<\/td>\n<td>2018<\/td>\n<td>2019<\/td>\n<td>2020<\/td>\n<td>2021<\/td>\n<\/tr>\n<tr>\n<td>\u603b\u8d44\u4ea7<\/td>\n<td>17,884<\/td>\n<td>24,072<\/td>\n<td>16,738<\/td>\n<td>38,985<\/td>\n<td>37,866<\/td>\n<\/tr>\n<tr>\n<td>\u8d1f\u503a\u603b\u989d<\/td>\n<td>86,598<\/td>\n<td>84,793<\/td>\n<td>134,109<\/td>\n<td>145,571<\/td>\n<td>127,713<\/td>\n<\/tr>\n<tr>\n<td>\u603b\u80a1\u672c<\/td>\n<td>62,543<\/td>\n<td>78,469<\/td>\n<td>77,329<\/td>\n<td>85,131<\/td>\n<td>84,508<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u603b\u8d44\u4ea7\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Total-Asset-1024x613.png\" alt=\"Total Asset\" width=\"1024\" height=\"613\" \/><\/a><\/p>\n<p>\u6765\u6e90 Yahoofinance<\/p>\n<p>\u6211\u53ef\u4ee5\u7b80\u5355\u5206\u6790\u4e00\u4e0b\u5357\u65b9\u822a\u7a7a\u7684\u8d44\u4ea7\uff0c2017\u5e74\u603b\u8d44\u4ea7\u4e3a$17884\uff0c2018\u5e74\u4e3a$24072\uff0c\u589e\u52a0\u4e86$6188\uff0c\u5373\u589e\u52a0\u4e8625.71%\u30022019 \u5e74\uff0c\u822a\u7a7a\u516c\u53f8\u8d44\u4ea7\u51cf\u5c11\u81f3 $ 16738\uff0c\u51cf\u5c11\u4e86 $1146\uff0c\u51cf\u5c11\u4e86 6.84%\u3002\u603b\u8d44\u4ea7\u5728 2020 \u5e74\u6709\u6240\u589e\u52a0\uff0c\u4f46\u5728 2021 \u5e74\u51cf\u5c11\u4e86 $1119\u3002\u5728\u8d1f\u503a\u65b9\u9762\uff0c\u516c\u53f8\u7684\u8d1f\u503a\u4ece $86598 \u9010\u6e10\u589e\u52a0\u5230 $127713\u3002\u4ece\u6295\u8d44\u8005\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u5357\u822a\u7684\u603b\u80a1\u672c\u589e\u52a0\u4e86\uff0c\u8fd9\u5bf9\u6295\u8d44\u8005\u6765\u8bf4\u662f\u4e00\u4e2a\u5f88\u597d\u7684\u6295\u8d44\u51b3\u7b56\u30022017\u5e74\uff0c\u822a\u7a7a\u516c\u53f8\u7684\u603b\u80a1\u672c\u57fa\u91d1\u4e3a$62543\uff0c2018\u5e74\u80a1\u672c\u4e3a78469\uff0c2019\u5e74\u4e3a77329\uff0c2020\u5e74\u4e3a85131\u548c84508\u3002\u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c2017-2018\u5e74\uff0c\u822a\u7a7a\u516c\u53f8\u80a1\u6743\u5347\u503c\u6bd4\u4f8b\u4ece25.46%\u9010\u6e10\u4e0a\u5347\uff0c\u589e\u52a0\u4e861.47%\uff0c\u800c2020\u5e74\u548c2021\u5e74\u5219\u51cf\u5c11\u4e860.73%\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u4f7f\u7528\u5e02\u76c8\u7387\u6bd4\u8f83\u516c\u53f8<\/b><\/h2>\n<p>\u6211\u4eec\u53ef\u4ee5\u627e\u5230\u8fd9\u4e09\u5e74\u7684\u822a\u7a7a\u516c\u53f8\u5e02\u76c8\u7387\uff0c\u5176\u4e2d 2017-09-30 \u822a\u7a7a\u516c\u53f8\u80a1\u4ef7\u4e3a 33.52\uff0c\u5f53\u5e74\u6bcf\u80a1\u6536\u76ca\u4e3a $4.59\uff0c\u56e0\u6b64\u822a\u7a7a\u516c\u53f8\u5e02\u76c8\u7387\u4e3a 7.30.2018-03-31 \u80a1\u4ef7\u4e3a 51.33, EPS $4.50 the P\/E for the year was 11.41,making an increase of 4.11 representing 56.30%.In 2019-09-30 the stock price stood at 30.05, the EPS at $6.57 the years P\/E ratio is 4.57 ,this denotes a decrease of 6.2020-09-30\u80a1\u4ef7\u4e3a27.19\uff0c\u6bcf\u80a1\u6536\u76ca\u4e3a$0.48\uff0c\u5f53\u5e74\u5e02\u76c8\u7387\u4e3a56.65.\u6700\u540e2021\u5e74\u80a1\u4ef7\u4e3a27.83\uff0c\u6bcf\u80a1\u6536\u76ca\u4e3a$-4.73\uff0c\u56e0\u6b64\u5e02\u76c8\u7387\u4e3a0.00.\u6700\u540e\u4e00\u5e74\u7684\u5e02\u76c8\u7387\u4e3a0\uff0c\u8fd9\u8868\u660e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u76ee\u524d\u7684\u7ecf\u8425\u72b6\u51b5\u5904\u4e8e\u4e8f\u635f\u72b6\u6001\uff0c\u8fd9\u5c31\u9700\u8981\u68c0\u67e5\u73b0\u91d1\u6d41\u91cf\u8868\u548c\u5229\u6da6\u8868\uff0c\u4ee5\u8bc4\u4f30\u4e8f\u635f\u7684\u4e3b\u8981\u539f\u56e0\u3002<\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td>2021<\/td>\n<td>2020<\/td>\n<td>2019<\/td>\n<td>2018<\/td>\n<td>2017<\/td>\n<\/tr>\n<tr>\n<td>\u5468\u8f6c\u8d44\u91d1<\/td>\n<td>84,508<\/td>\n<td>85,131<\/td>\n<td>77,329<\/td>\n<td>78,469<\/td>\n<td>62,543<\/td>\n<\/tr>\n<tr>\n<td>\u8425\u4e1a\u6536\u5165<\/td>\n<td>101,644<\/td>\n<td>92,561<\/td>\n<td>154,322<\/td>\n<td>143,623<\/td>\n<td>127,806<\/td>\n<\/tr>\n<tr>\n<td>\u4e1a\u52a1\u652f\u51fa<\/td>\n<td>116,340<\/td>\n<td>109,111<\/td>\n<td>148,608<\/td>\n<td>140,242<\/td>\n<td>123,098<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u4ece\u5357\u822a\u53ef\u4ee5\u770b\u51fa\uff0c2021 \u5e74\u5357\u822a\u8425\u4e1a\u6536\u5165\u4e3a $1016.44 \u4ebf\u5143\u30022020\u5e74\u603b\u6536\u5165\u51cf\u5c111TP492,561\u767e\u4e07\u5143\uff0c\u4e8f\u635f1TP490,83\u767e\u4e07\u5143\uff0c\u51cf\u5c118.94%\u30022019 \u5e74\u6536\u5165\u589e\u52a0\u5230 $1543.22 \u4ebf\uff0c\u5373\u589e\u52a0 $617.61\u30022018 \u5e74\u7684\u6536\u5165\u4e3a $143,623M\uff0c\u51cf\u5c11\u4e86\u7ea6 $10,709M\uff0c\u51cf\u5c11\u4e86 6.94%\u3002\u8be5\u516c\u53f8\u5c1a\u672a\u62a5\u544a\u7814\u53d1\u6295\u5165\u7684\u91d1\u989d\uff0c\u800c\u7814\u53d1\u6295\u5165\u53ef\u80fd\u662f\u5bfc\u81f4\u5e74\u6536\u5165\u51cf\u5c11\u7684\u539f\u56e0\u4e4b\u4e00\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u76c8\u4e8f\u5e73\u8861\u5206\u6790<\/b><\/h2>\n<p>\u76c8\u4e8f\u5e73\u8861\u8f7d\u5ba2\u7387\uff08BLF\uff09\uff0c\u662f\u6307\u4ee5\u5f53\u524d\u5e73\u5747\u7968\u4ef7\u8ba1\u7b97\u7684\u5e73\u5747\u822a\u73ed\u4e0a\u5fc5\u987b\u6ee1\u5ea7\u7684\u5ea7\u4f4d\uff08\u6216\u5428\u4f4d\uff09\u7684\u5e73\u5747\u767e\u5206\u6bd4\uff0c\u8fd9\u6837\u822a\u7a7a\u516c\u53f8\u7684\u6536\u5165\u624d\u80fd\u4e0e\u8fd0\u8425\u652f\u51fa\u6301\u5e73\u3002\u8ba1\u7b97\u76c8\u4e8f\u5e73\u8861\u8f7d\u5ba2\u7387\u7684\u516c\u5f0f\u662f\u5355\u4f4d\u6210\u672c\/\u6bcf RTK \u6536\u76ca\uff0c\u5176\u4e2d ATK \u4ee3\u8868\u53ef\u7528\u5428\u516c\u91cc\uff0cRTK \u4ee3\u8868\u6536\u76ca\u5428\u516c\u91cc\u3002<\/p>\n<p>\u5982\u4e0b\u56fe\u6240\u793a\uff0c\u81ea 2020 \u5e74\u4ee5\u6765\uff0cCSA \u7684\u6700\u57fa\u672c\u8fd0\u884c\u8d39\u7528\u589e\u52a0\uff0c\u800c\u5b9e\u9645\u8d1f\u8377\u7387\u4e0b\u964d\u30022020 \u5e74\u548c 2021 \u5e74\uff0cBLF \u9ad8\u4e8e\u5b9e\u9645\u8f7d\u5ba2\u7387\uff0c\u8fd9\u8868\u660e\u5b58\u5728\u8fd0\u8425\u4e8f\u635f\u30022020 \u5e74\u5b9e\u9645\u8f7d\u5ba2\u7387\u4e0b\u964d\u7684\u4e3b\u8981\u539f\u56e0\u662f Covid \u5bf9\u822a\u73ed\u8f7d\u5ba2\u7387\u7684\u9650\u5236\u30022020 \u5e74\uff0c\u5141\u8bb8\u4e58\u5750\u98de\u673a\u7684\u4e58\u5ba2\u4eba\u6570\u51cf\u5c11\u3002\u5b9e\u9645\u8f7d\u5ba2\u7387\u7684\u4e0b\u964d\u5bfc\u81f4 2020 \u5e74\u6bcf RTK \u6536\u76ca\u7387\u964d\u4f4e\u5230 4.45\uff0c\u4ece\u800c\u4f7f BLF \u4ece 2019 \u5e74\u7684 67.66% \u589e\u52a0\u5230 2020 \u5e74\u7684 72.36%\u30022021 \u5e74\uff0c\u867d\u7136\u6bcf\u4e2a RTK \u7684\u6536\u76ca\u7387\u5df2\u6062\u590d\u5230\u5927\u6d41\u884c\u524d\u7684\u6c34\u5e73\uff0c\u4f46\u822a\u6cb9\u8d39\u7528\u7684\u4e0a\u5347\u548c\u56fa\u5b9a\u6210\u672c\u7684\u9ad8\u4f01\u5bfc\u81f4 2021 \u5e74\u5355\u4f4d\u6210\u672c\u4e0a\u5347\u81f3 3.471\uff0c\u4ece\u800c\u4f7f BLF \u4fdd\u6301\u5728 72.43% \u7684\u9ad8\u6c34\u5e73\u3002<\/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\/2023\/01\/Break-even-Analysis-1-1024x633.png\" alt=\"Break-even Analysis\" width=\"1024\" height=\"633\" \/><\/a><\/p>\n<p>\u6765\u6e90 yahoofinance<\/p>\n<table>\n<tbody>\n<tr>\n<td>\u5e74<\/td>\n<td>\u5355\u4f4d\u6210\u672c<\/td>\n<td>\u6bcf\u4e2a RTK \u7684\u4ea7\u91cf<\/td>\n<td>BLF<\/td>\n<td>\u5b9e\u9645 LF<\/td>\n<\/tr>\n<tr>\n<td>2021<\/td>\n<td>3.471<\/td>\n<td>4.79<\/td>\n<td>72.43%<\/td>\n<td>63.30%<\/td>\n<\/tr>\n<tr>\n<td>2020<\/td>\n<td>3.219<\/td>\n<td>4.45<\/td>\n<td>72.36%<\/td>\n<td>61.40%<\/td>\n<\/tr>\n<tr>\n<td>2019<\/td>\n<td>3.200<\/td>\n<td>4.73<\/td>\n<td>67.66%<\/td>\n<td>70.30%<\/td>\n<\/tr>\n<tr>\n<td>2018<\/td>\n<td>3.282<\/td>\n<td>4.73<\/td>\n<td>69.32%<\/td>\n<td>71.00%<\/td>\n<\/tr>\n<tr>\n<td>2017<\/td>\n<td>3.211<\/td>\n<td>4.68<\/td>\n<td>68.65%<\/td>\n<td>71.30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u73b0\u91d1\u6d41\u9884\u6d4b<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><b>2021<\/b><\/td>\n<td><b>2022P<\/b><\/td>\n<td><b>2023P<\/b><\/td>\n<td><b>2024P<\/b><\/td>\n<td><b>2025P<\/b><\/td>\n<td><b>2026P<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u975e\u6760\u6746\u81ea\u7531\u73b0\u91d1\u6d41 (UFCF)<\/td>\n<td>(7,031)<\/td>\n<td>(5,118)<\/td>\n<td>(2,789)<\/td>\n<td>(53)<\/td>\n<td>3,159<\/td>\n<td>6,909<\/td>\n<\/tr>\n<tr>\n<td>\u8d34\u73b0\u7387 (r)<\/td>\n<td><\/td>\n<td>10%<\/td>\n<td>10%<\/td>\n<td>10%<\/td>\n<td>10%<\/td>\n<td>10%<\/td>\n<\/tr>\n<tr>\n<td>UFCF \u7684 PV<\/td>\n<td><\/td>\n<td>(4,653)<\/td>\n<td>(2,305)<\/td>\n<td>(40)<\/td>\n<td>2,158<\/td>\n<td>4,290<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>\u73b0\u503c\u603b\u548c<\/b><\/td>\n<td><b>(551)<\/b><\/td>\n<td><b>\u5355\u4f4d\uff1a\u767e\u4e07\u4eba\u6c11\u5e01\u00a0<\/b><\/td>\n<td><b>(82.17)<\/b><\/td>\n<td><b>\u767e\u4e07\u7f8e\u5143<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>2021 \u5e74\u7684\u975e\u6760\u6746\u81ea\u7531\u73b0\u91d1\u6d41\u4e3a-70.31 \u4ebf\u5143\u4eba\u6c11\u5e01\u30022020 \u5e74\u81f3 2021 \u5e74\u7684\u5e74\u6536\u5165\u589e\u957f\u7387\u4e3a 9.8%\uff0c\u5982\u679c\u5047\u8bbe\u672a\u6765\u4e94\u5e74\u7684\u5e74\u6536\u5165\u589e\u957f\u7387\u4e3a 9.8%\uff0c\u5219\u9884\u6d4b\u7684\u65e0\u6760\u6746\u81ea\u7531\u73b0\u91d1\u6d41\uff08UFCF\uff09\u5982\u4e0a\u8868\u6240\u793a\u3002UFCF \u5c06\u4e0d\u65ad\u589e\u52a0\uff0c\u5230 2026 \u5e74\uff0c\u9884\u8ba1\u4e3a 69.09 \u4ebf\u4eba\u6c11\u5e01\u3002\u5982\u679c\u5047\u5b9a\u8d34\u73b0\u7387\u4e3a 10%\uff0c\u5219 2026 \u5e74\u9884\u8ba1 UFCF \u7684\u73b0\u503c\u4e3a 42.90 \u4ebf\u5143\u3002\u4e94\u5e74\u540e\u7684\u6240\u6709\u672a\u6765 UFCF \u73b0\u503c\u4e4b\u548c\u4e3a-5.51 \u4ebf\u4eba\u6c11\u5e01\u548c 8217 \u4e07\u7f8e\u5143\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u884c\u4e1a\u5e73\u5747\u4f30\u503c\u500d\u6570<\/b><\/h2>\n<p>\u884c\u4e1a\u5e73\u5747\u4f30\u503c\u500d\u6570\u662f\u6839\u636e\u4e3b\u8981\u5728\u7f8e\u56fd\u3001\u4e9a\u6d32\u548c\u6b27\u6d32\u8fd0\u8425\u7684 25 \u5bb6\u4e0a\u5e02\u822a\u7a7a\u516c\u53f8\u7684\u8d22\u52a1\u6570\u636e\u8ba1\u7b97\u5f97\u51fa\u7684\u3002\u6b64\u5916\uff0c\u8fd8\u8ba1\u7b97\u4e86\u8c03\u6574\u540e\u7684\u884c\u4e1a\u5e73\u5747\u503c\uff0c\u4ee5\u5254\u9664\u5f02\u5e38\u503c\u3002\u5982\u4e0b\u8868\u6240\u793a\uff0c\u8c03\u6574\u540e\u7684\u884c\u4e1a\u5e73\u5747\u503c\uff08EV \/ LTM \u6536\u5165\uff09\u4e3a 1.9\u3002\u8c03\u6574\u540e\u7684 EV \/ LTM EBIT \u5e73\u5747\u503c\u4e3a-10.6\uff0c\u8fd9\u8868\u660e\u5168\u7403\u822a\u7a7a\u516c\u53f8\u7684 EBIT \u666e\u904d\u4e3a\u8d1f\u503c\u3002\u5bf9\u4e8e EV\/LTM EBITDA\uff0c\u8c03\u6574\u540e\u7684\u884c\u4e1a\u5e73\u5747\u503c\u4e3a 6.2\u3002\u8c03\u6574\u540e\u7684\u5e02\u76c8\u7387\u5e73\u5747\u503c\u4e3a-2.1\uff0c\u8868\u660e\u5168\u7403\u822a\u7a7a\u516c\u53f8\u7684\u6bcf\u80a1\u6536\u76ca\u666e\u904d\u4e3a\u8d1f\u3002\u5e02\u51c0\u7387\u7684\u8c03\u6574\u540e\u5e73\u5747\u503c\u4e3a 2.1\uff0c\u5927\u4e8e 1\uff0c\u53ef\u80fd\u8868\u660e\u822a\u7a7a\u516c\u53f8\u7684\u4ef7\u503c\u88ab\u9ad8\u4f30\u3002<\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td>EV \/ LTM \u6536\u5165<\/td>\n<td>EV \/ LTM EBIT<\/td>\n<td>EV \/ LTM Ebitda<\/td>\n<td>\u5e02\u76c8\u7387<\/td>\n<td>\u4ef7\u683c\/\u4e66\u7c4d<\/td>\n<\/tr>\n<tr>\n<td>\u884c\u4e1a\u5e73\u5747\u503c<\/td>\n<td>1.956<\/td>\n<td>-10.612<\/td>\n<td>15.034<\/td>\n<td>-0.601<\/td>\n<td>32.021<\/td>\n<\/tr>\n<tr>\n<td>\u6700\u5927<\/td>\n<td>4.72<\/td>\n<td>76.12<\/td>\n<td>291.03<\/td>\n<td>69.05<\/td>\n<td>756.32<\/td>\n<\/tr>\n<tr>\n<td>\u6700\u5c0f<\/td>\n<td>0.55<\/td>\n<td>-96.74<\/td>\n<td>-57.93<\/td>\n<td>-36.47<\/td>\n<td>-4.85<\/td>\n<\/tr>\n<tr>\n<td>\u8c03\u6574\u540e\u5e73\u5747\u6570<\/td>\n<td>1.9<\/td>\n<td>-10.6<\/td>\n<td>6.2<\/td>\n<td>-2.1<\/td>\n<td>2.1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u80a1\u7968\u4ef7\u683c\u5206\u6790<\/b><\/h2>\n<p><b>\u9996\u6b21\u516c\u5f00\u52df\u80a1\u4ef7\u683c\uff1a<\/b><\/p>\n<p><a href=\"https:\/\/lions.financial\/zh\/contact\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"\u80a1\u7968\u4ef7\u683c\u5206\u6790\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2023\/01\/Stock-Price-Analysis-1024x303.png\" alt=\"Stock Price Analysis\" width=\"1024\" height=\"303\" \/><\/a><\/p>\n<p>1997 \u5e74 7 \u6708\u81f3 8 \u6708\uff0c\u8be5\u516c\u53f8\u53d1\u884c\u4e86 1,173,178,000 \u80a1\uff0811.73 \u4ebf\u80a1\uff09\u9999\u6e2f\u80a1\u7968\u30021997 \u5e74 7 \u6708 30 \u65e5\uff0cZNH \u80a1\u7968\u5f00\u76d8\u4ef7\u4e3a 20.67\uff0c\u6536\u76d8\u4ef7\u4e3a 21.00\uff0c\u6210\u4ea4\u91cf\u4e3a 4,703,100 \u80a1\u30021997 \u5e74\uff0c\u516c\u53f8\u603b\u80a1\u672c\u4e3a 3,374,178,000 \u80a1\uff1a3,374,178,000 \u80a1\uff0c\u56fd\u6709\u80a1\u4efd\uff1a2,200,000,000\uff0865.2%\uff09\u80a1\uff0cH \u80a1 1,174,178,000 \uff0865.2%\uff09\u80a1\uff1a1,174,178,000\u80a1\uff0834.8%\uff09\uff0cA\u80a1\uff1a0 (0%)<\/p>\n<p>2003 \u5e74 7 \u6708 10 \u65e5\uff0c\u516c\u53f8\u4ee5\u6bcf\u80a1 2.70 \u5143\u4eba\u6c11\u5e01\u7684\u4ef7\u683c\u5411\u4e8c\u7ea7\u5e02\u573a\u6295\u8d44\u8005\u914d\u552e\u4e86 1,000,000,000 \u80a1\uff0810 \u4ebf\u80a1\uff09\u666e\u901a\u80a1\uff0c\u6bcf\u80a1\u9762\u503c 1.00 \u5143\u4eba\u6c11\u5e01\u30022003 \u5e74\uff0c\u516c\u53f8\u603b\u80a1\u672c\u4e3a 4,374,178,000 \u80a1\uff1a4,374,178,000 \u80a1\uff0c\u56fd\u5bb6\u80a1\uff1a2,200,000,000\u80a1\uff0850.2%\uff09\uff0cH\u80a1\uff1a1,174,178,000\u80a1\uff1a1,174,178,000\uff0826.84%\uff09\uff0cA \u80a1\uff1a1,000,000,000 (22.86%).<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u4e0a\u5e02\u4ee5\u6765\u7684\u80a1\u7968\u4ef7\u683c\uff1a<\/b><\/h2>\n<p>\u6765\u6e90 Yahoofinance<\/p>\n<p>CSA.HK * USD\/HKD \u4e0e CSA.US \u6709\u7ec6\u5fae\u5dee\u522b\uff0c\u8fd9\u610f\u5473\u7740\u5b58\u5728\u65e0\u98ce\u9669\u5957\u5229\u7684\u53ef\u80fd\u6027\uff0c\u4f8b\u5982\uff0c\u4e70\u65b9\u53ef\u4ee5\u901a\u8fc7\u5356\u51fa CSA.US \u7684\u80a1\u7968\uff0c\u540c\u65f6\u4ee5\u7279\u5b9a\u6c47\u7387\u4e70\u5165 CSA.HK \u7684\u80a1\u7968\u6765\u8d5a\u53d6\u65e0\u98ce\u9669\u5229\u6da6\u3002\u8fd9\u53ef\u80fd\u7684\u4e00\u4e2a\u89e3\u91ca\u662f\uff0c\u4e2d\u56fd\u6709\u4e25\u683c\u7684\u5916\u8d44\u9650\u5236\u548c\u8d27\u5e01\u7ba1\u5236\uff0c\u8fd9\u53ef\u80fd\u5bfc\u81f4\u5e02\u573a\u6682\u65f6\u4e0d\u8db3\u3002<\/p>\n<p>\u5728\u8d27\u5e01\u653f\u7b56\u5bbd\u677e\u7684\u5e74\u4efd\uff082007 \u5e74\u30012014 \u5e74\u30012017 \u5e74\uff09\uff0cCSA \u7684\u5e74\u5ea6\u4ef7\u683c\u56de\u62a5\u7387\u6ce2\u52a8\u6781\u5927\uff0c\u6211\u4eec\u53ef\u4ee5\u5f88\u5bb9\u6613\u5730\u53d1\u73b0\u5728\u8fd9\u4e9b\u5e74\u4efd\u4e2d\u5b58\u5728\u4e09\u6b21\u8df3\u8dc3\uff1a<\/p>\n<p>\u9996\u6b21\u8df3\u8dc3+798.41%, 6.28, 08\/14\/2006 - 56.42, 09\/20\/2007<\/p>\n<p>\u7b2c\u4e8c\u8df3+293.47%\uff0c15.01\uff0c10\/24\/2014 - 59.06\uff0c06\/24\/2015<\/p>\n<p>\u7b2c\u4e09\u8df3+179.29%\uff0c24.63\uff0c12\/30\/2016 - 68.78\uff0c02\/26\/2018<\/p>\n<p>\u81ea 1997 \u5e74\u4ee5\u6765\u7684\u56de\u62a5\u7387\uff1a28.74%<\/p>\n<p>\u6700\u9ad8\u4ef7 (02\/26\/2018) : 68.78<\/p>\n<p>\u6700\u5927\u7f29\u51cf\uff08MDD\uff09\uff1a -88.74%<\/p>\n<p>\u6b21\u8d37\u5371\u673a\u671f\u95f4\uff0c2007 \u5e74 9 \u6708 20 \u65e5 56.42 - 2009 \u5e74 2 \u6708 3 \u65e5 6.35\u3002<\/p>\n<p>COVID-19 \u5927\u6d41\u884c\u5bf9\u4e2d\u56fd\u548c\u4e16\u754c\u7ecf\u6d4e\u9020\u6210\u4e86\u5de8\u5927\u5f71\u54cd\uff0c\u5c24\u5176\u662f\u5bf9\u4e2d\u56fd\u7684\u4ea4\u901a\u8fd0\u8f93\u4e1a\u3002\u81ea 2010 \u5e74 1 \u6708 13 \u65e5\u4ee5\u6765\uff0c\u4e2d\u56fd\u91c7\u53d6\u4e86\u8bb8\u591a\u63aa\u65bd\u6765\u963b\u6b62\u75c5\u6bd2\u7684\u4f20\u64ad\uff0c\u5982\u5c01\u9501\u57ce\u5e02\u3001\u5927\u89c4\u6a21\u81ea\u6211\u9694\u79bb\u3001\u6682\u505c\u822a\u7a7a\u4e1a\u3001\u5bb5\u7981\u7b49\uff0c\u8fd9\u4e9b\u63aa\u65bd\u5bf9\u5357\u822a\u80a1\u4ef7\u4ea7\u751f\u4e86\u91cd\u5927\u5f71\u54cd\u3002\u5c06\u5357\u822a\u80a1\u4ef7\u4e0e COVID \u65f6\u95f4\u8f74\u8fdb\u884c\u6bd4\u8f83\uff0c\u53d1\u73b0\u5357\u822a\u80a1\u4ef7\u5bf9\u56fd\u5185 COVID \u653f\u7b56\u548c\u4e2d\u56fd\u65e5\u62a5\u62a5\u9053\u7684 COVID \u4e8b\u4ef6\u8f83\u4e3a\u654f\u611f\u3002<\/p>\n<p>\u6765\u6e90 Yahoofinance<\/p>\n<p>\u4ece 2020 \u5e74 1 \u6708 13 \u65e5\u5230 2020 \u5e74 1 \u6708 31 \u65e5\uff0c\u7b2c\u4e00\u6ce2\u6700\u5927\u7f29\u51cf\u91cf\u4e3a 43.40%\u3002<\/p>\n<p>\u4ece 2022 \u5e74 1 \u6708 3 \u65e5\u81f3 2022 \u5e74 9 \u6708 8 \u65e5\uff08\u6700\u8fd1\u65e5\u671f\uff09\uff0c\u7b2c\u4e8c\u6ce2\u7f29\u51cf\u4e3a 33.51%\u3002<\/p>\n<p>2022 \u5e74 1 \u6708 13 \u65e5\uff0c\u6b66\u6c49\u5e02\u5c01\u822a\uff0c\u6b21\u65e5\u5176\u4ed6 13 \u4e2a\u57ce\u5e02\u5c01\u822a\uff0c\u5357\u822a\u80a1\u4ef7\u5728\u4e24\u4e2a\u6708\u5185\u4e0b\u8dcc\u4e86 43%\uff0c\u76f4\u5230 2020 \u5e74 3 \u6708 18 \u65e5\u5b98\u65b9\u5ba3\u5e03\u534e\u6c49\u65b0\u6848\u9996\u6b21\u5f52\u96f6\uff0c\u6b66\u6c49\u5e02\u89e3\u5c01\u3002\u6b64\u540e\uff0c\u80a1\u4ef7\u4ece 2020 \u5e74 3 \u6708 18 \u65e5\u7684 20.07 \u6da8\u81f3 2021 \u5e74 3 \u6708 12 \u65e5\u7684 36.18\uff0c\u6da8\u5e45\u7ea6\u4e3a 80%\u30022021\u5e743\u670811\u65e5\uff0c\u5168\u56fd\u65e5\u62a5\u544a\u75c5\u4f8b\u4e3a588\u4f8b\uff0c\u6b21\u65e52021\u5e743\u670812\u65e5\u62a5\u544a\u75c5\u4f8b\u589e\u81f31938\u4f8b\uff0c\u65b0\u589e\u75c5\u4f8b\u5927\u90e8\u5206\u53d1\u751f\u5728\u6211\u56fd\u5317\u65b9\u5730\u533a\uff0c\u6b64\u540e\u6211\u56fd\u7b2c\u4e8c\u6ce2COVID\u75ab\u60c5\u7206\u53d1\uff0cCSA\u80a1\u4ef7\u4ece2021\u5e743\u670816\u65e5\u768439.51\u8dcc\u81f32022\u5e748\u67089\u65e5\u768426.42\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>CSA \u4ef7\u683c\u4e0e\u5176\u4ed6\u56e0\u7d20\u7684\u7ebf\u6027\u5173\u7cfb<\/b><\/h2>\n<p>\u6765\u6e90 Yahoofinance<\/p>\n<p>\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\uff08CSA\uff09\u4e0e\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\uff080.94\uff09\u548c\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff080.89\uff09\u6709\u5f88\u5f3a\u7684\u76f8\u5173\u6027\uff0c\u8fd9\u610f\u5473\u7740\u4e2d\u56fd\u822a\u7a7a\u4e1a\u53ef\u80fd\u6709\u5171\u540c\u7684\u98ce\u9669\u56e0\u7d20\u3002\u7136\u800c\uff0c\u5357\u822a\u5728\u9999\u6e2f\u5e02\u573a\u548c\u4e0a\u6d77\u5e02\u573a\u7684\u80a1\u4ef7\u53ef\u80fd\u6709\u4e0d\u540c\u7684\u5f71\u54cd\u56e0\u7d20\uff0c\u56e0\u4e3a\u5357\u822a\u80a1\u4ef7\u4e0e CSA.SH \u7684\u76f8\u5173\u6027\u4e3a 0.85\uff0c\u4e0e CSA.SH * USD\/CNY\uff08\u80a1\u4ef7\u4e0e\u6c47\u7387\uff09\u7684\u76f8\u5173\u6027\u4e3a 0.79\u3002\u6b64\u5916\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\uff08CSA\uff09\u4e0e\u7f8e\u56fd\u822a\u7a7a\u516c\u53f8\u7684\u76f8\u5173\u6027\u8f83\u4f4e\uff0c\u4f8b\u5982\u4e0e\u8fbe\u7f8e\u822a\u7a7a\u7684\u76f8\u5173\u6027\u4e3a 0.65\uff0c\u4e0e\u7f8e\u56fd\u822a\u7a7a\u96c6\u56e2\u7684\u76f8\u5173\u6027\u4e3a 0.35\u3002\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\uff08CSA\uff09\u4e0e\u5e03\u4f26\u7279\u539f\u6cb9\u4ef7\u683c\uff08-0.31\uff09\u3001\u7f8e\u5143\u5151\u4eba\u6c11\u5e01\u6c47\u7387\uff08-0.56\uff09\u5448\u8d1f\u76f8\u5173\uff0c\u4e0e\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\uff085 \u5e74\u671f-0.58\uff0c10 \u5e74\u671f-0.66\uff0c30 \u5e74\u671f-0.7\uff09\u5448\u5f3a\u8d1f\u76f8\u5173\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u6307\u6570\u5206\u6790\uff1a<\/b><\/h2>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>\n<p>\u9996\u5148\u662f\u56fd\u5185\u7ade\u4e89\u5bf9\u624b\u6307\u6570\u3002\u4e0a\u56fe\u6765\u81ea3\u5bb6\u822a\u7a7a\u516c\u53f82017-2022\u5e74\u7684\u80a1\u4ef7\u5386\u53f2\u6570\u636e\u3002\u84dd\u7ebf\u4e3a\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u3002\u53e6\u5916\u4e24\u5bb6\u516c\u53f8\u662f\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u56fd\u5185\u7ade\u4e89\u5bf9\u624b\uff08\u7070\u8272--\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\uff0c\u6a59\u8272--\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\uff09\u3002\u5b83\u4eec\u7684\u53d1\u5c55\u8d8b\u52bf\u975e\u5e38\u76f8\u4f3c\u3002\u4e2d\u56fd\u653f\u5e9c\u6301\u6709\u96c6\u56e2\u7684\u591a\u6570\u80a1\u6743\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u6301\u6709\u90e8\u5206\u80a1\u4efd\u3002<\/p>\n<p>\u6b64\u524d\uff0c\u4e2d\u56fd\u56fd\u5185\u4e09\u5927\u822a\u7a7a\u516c\u53f8\uff08\u56fd\u822a\u3001\u4e1c\u822a\u3001\u5357\u822a\uff09\u53d1\u5e03\u4e862022\u5e74\u4e0a\u534a\u5e74\u76c8\u5229\u4e8f\u635f\u516c\u544a\u3002\u516c\u544a\u663e\u793a\uff0c\u4eca\u5e74\u4e0a\u534a\u5e74\uff0c\u4e09\u5927\u822a\u9884\u8ba1\u5171\u4e8f\u635f457\u4ebf\u5143\u81f3526\u4ebf\u5143\uff0c\u8d85\u8fc7\u53bb\u5e74\u5168\u5e74\u4e8f\u635f\u603b\u989d\u3002\u8fd9\u8bf4\u660e\u6211\u56fd\u76ee\u524d\u822a\u7a7a\u4e1a\u4e8f\u635f\u6570\u989d\u8f83\u5927\uff0c\u4e3b\u8981\u539f\u56e0\u662f\u7531\u4e8e\u6211\u56fd\u56fd\u5185\u822a\u7ebf\u6574\u4f53\u5ba2\u6d41\u91cf\u4e0d\u8db3\uff0c\u800c\u8bb8\u591a\u56fd\u9645\u822a\u7ebf\u5c1a\u672a\u6062\u590d\uff0c\u56e0\u6b64\u5bbd\u4f53\u98de\u673a\u7684\u5229\u7528\u7387\u8fd8\u4e0d\u5230\u539f\u6765\u768430%\uff0c\u56e0\u6b64\u79df\u91d1\u3001\u6298\u65e7\u8d39\u7b49\u652f\u51fa\u52a0\u5267\u4e86\u5176\u6210\u672c\u538b\u529b\u3002\u4e0d\u8fc7\uff0c\u7531\u4e8e\u4e2d\u56fd\u5728 6 \u6708\u548c 8 \u6708\u653e\u677e\u4e86\u5bf9\u56fd\u9645\u822a\u7ebf\u7194\u65ad\u7684\u9650\u5236\u653f\u7b56\uff0c\u56fd\u9645\u822a\u7ebf\u5c06\u9010\u6b65\u6062\u590d\uff0c\u6536\u5165\u548c\u80a1\u4ef7\u4e5f\u5c06\u4e0a\u5347\u3002<\/p>\n<p>\u6765\u6e90 spglobal<\/p>\n<p>\u7136\u540e\u662f\u5168\u7403\u822a\u7a7a\u4e1a\u6307\u6570\u3002\u7eff\u7ebf\u4e3a\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u3002\u4e00\u822c\u6765\u8bf4\uff0c\u4ece2017\u5e74\u5230\u73b0\u5728\uff0c\u6240\u6709\u822a\u7a7a\u4e1a\u7684\u80a1\u7968\u4ef7\u683c\u90fd\u4f1a\u56e0\u4e3a\u5927\u6d41\u884c\u75c5\u800c\u4e0b\u964d\u3002<\/p>\n<p>\u6211\u4eec\u8fd8\u53ef\u4ee5\u770b\u5230\uff0c\u6fb3\u6d32\u822a\u7a7a\u548c\u56fd\u6cf0\u822a\u7a7a\u7b49\u822a\u7a7a\u516c\u53f8\u7684\u8dcc\u5e45\u5e76\u4e0d\u5927\u3002\u8fd9\u53ef\u80fd\u662f\u56e0\u4e3a\u8fd9\u4e9b\u516c\u53f8\u7684\u56fd\u9645\u822a\u7ebf\u8f83\u5c11\uff0c\u75ab\u60c5\u7684\u5f71\u54cd\u76f8\u5bf9\u8f83\u5c0f\u3002<\/p>\n<p>\u6700\u8fd1\uff0c\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u822a\u7a7a\u4e1a\u51fa\u73b0\u4e86\u4e00\u79cd\u666e\u904d\u7684\u3001\u53ef\u80fd\u4e0d\u65ad\u589e\u957f\u7684\u8d8b\u52bf\u3002<\/p>\n<p>\u6765\u6e90 spglobal<\/p>\n<p>\u7136\u540e\uff0c\u5728\u5bf9\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u8fdb\u884c\u6bd4\u8f83\u5206\u6790\u65f6\uff0c\u6211\u5c06\u6e2f\u5143\u6362\u6210\u4e86\u7f8e\u5143\uff0c\u4f46\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\uff08\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u7684\u4ef7\u683c\u8fdc\u9ad8\u4e8e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u4ef7\u683c\uff09\u4e0e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u7684\u4ef7\u683c\u76f8\u5dee\u5f88\u5927\uff0c\u56e0\u6b64\u6211\u6bd4\u8f83\u4e86\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u548c\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u7684\u767e\u5206\u6bd4\u53d8\u5316\u6570\u636e\u3002<\/p>\n<p>\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u5b83\u4eec\u7684\u6a21\u5f0f\u4e0d\u540c\uff0c\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u7684\u767e\u5206\u6bd4\u53d8\u5316\u5c0f\u4e8e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u3002<\/p>\n<p>\u5728 2020 \u5e74 3 \u6708\u548c 2022 \u5e74 3 \u6708\u524d\u540e\uff09\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u53d1\u751f\u4e86\u6bd4\u8f83\u5927\u7684\u53d8\u5316\u3002<\/p>\n<p>\u6765\u6e90\uff1a\u5e02\u573a\u6307\u6570<\/p>\n<p>\u7136\u540e\u662f\u9999\u6e2f\u4ea4\u6613\u6240\u6307\u6570\u3002\u6052\u751f\u6307\u6570\u7528\u4e8e\u8bb0\u5f55\u548c\u76d1\u6d4b\u9999\u6e2f\u80a1\u5e02\u6700\u5927\u516c\u53f8\u7684\u6bcf\u65e5\u53d8\u5316\uff0c\u662f\u9999\u6e2f\u6574\u4f53\u5e02\u573a\u8868\u73b0\u7684\u4e3b\u8981\u6307\u6807\u3002\u8be5\u56fe\u662f\u6052\u751f\u6307\u6570\u8fc7\u53bb\u4e94\u5e74\u7684\u5386\u53f2\u6570\u636e\u3002\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u6709\u4e00\u4e2a\u660e\u663e\u7684\u4e0b\u964d\u8d8b\u52bf\uff0c\u6240\u4ee5\u8fd9\u4e5f\u53ef\u80fd\u662f\u4e00\u4e2a\u6f5c\u5728\u7684\u98ce\u9669\uff0c\u56e0\u4e3a\u8fd9\u610f\u5473\u7740\u9999\u6e2f\u6574\u4f53\u5e02\u573a\u7684\u8868\u73b0\u53ef\u80fd\u4f1a\u8fdb\u4e00\u6b65\u4e0b\u964d\u3002\u8fc7\u53bb 5 \u5e74\uff0c\u6052\u751f\u6307\u6570\u4e0b\u8dcc\u4e86 29.00%\uff0c\u53bb\u5e74\u4e0b\u8dcc\u4e86-20.43%\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u7efc\u4e0a\u6307\u6570\u5206\u6790\uff0c\u6211\u8ba4\u4e3a\u5357\u822a\u80a1\u4ef7\u5b58\u5728\u4e0a\u6da8\u6f5c\u529b\uff0c\u56e0\u4e3a2022\u5e74\u5168\u7403\u822a\u7a7a\u4e1a\u6574\u4f53\u5448\u4e0a\u5347\u8d8b\u52bf\u3002\u540c\u65f6\uff0c\u7531\u4e8e\u5357\u822a\u56fd\u9645\u822a\u7ebf\u653f\u7b56\u7684\u6539\u53d8\u548c\u653e\u5bbd\uff0c\u968f\u7740\u56fd\u9645\u5e02\u573a\u7684\u590d\u82cf\u548c\u5bbd\u4f53\u98de\u673a\u4f7f\u7528\u7387\u7684\u63d0\u9ad8\uff0c\u79df\u91d1\u3001\u6298\u65e7\u8d39\u7528\u7b49\u652f\u51fa\u4f1a\u6709\u6240\u4e0b\u964d\u3002\u4f46\u4e0e\u6b64\u540c\u65f6\uff0c\u7531\u4e8e\u4e2d\u56fd COVID-19 \u7684\u653f\u7b56\u4ecd\u5728\u53d8\u5316\uff0c\u56e0\u6b64\u6709\u5fc5\u8981\u5173\u6ce8\u76f8\u5173\u653f\u7b56\u53ca\u5176\u5f71\u54cd\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u5e02\u573a\u7814\u7a76<\/b><\/h2>\n<h3 style=\"font-size: 22px; text-align: center;\"><b>SWOT \u5206\u6790\uff1a<\/b><\/h3>\n<p>SWOT \u5206\u6790\u6cd5\u8981\u6c42\u4ece\u5185\u90e8\u548c\u5916\u90e8\u3001\u6709\u5229\u6761\u4ef6\u548c\u4e0d\u5229\u6761\u4ef6\u56db\u4e2a\u65b9\u9762\u8fdb\u884c\u5ba2\u89c2\u5168\u9762\u7684\u5206\u6790\u3002\u6211\u4eec\u5c06\u5357\u822a\u5e74\u62a5\u4e2d\u7684\u5173\u952e\u70b9\u8fdb\u884c\u68b3\u7406\uff0c\u5e76\u6839\u636e\u8fd9\u56db\u6761\u89c4\u5219\u8fdb\u884c\u5206\u7c7b\u3002<\/p>\n<p>\u5728\u5b9e\u529b\u4e0a\uff0c\u5357\u822a\u62e5\u6709\u5168\u9762\u7684\u89c4\u6a21\u4f18\u52bf\u548c\u7f51\u7edc\u4f18\u52bf\uff0c\u4e0d\u65ad\u63d0\u5347\u4e00\u4f53\u5316\u8fd0\u8425\u7684\u7ba1\u63a7\u80fd\u529b\u548c\u8d44\u6e90\u4e92\u901a\u80fd\u529b\uff0c\u4e89\u521b\u4e16\u754c\u4e00\u6d41\u54c1\u724c\u670d\u52a1\uff0c\u4fe1\u606f\u7cfb\u7edf\u5168\u9762\u9886\u5148\u3002<\/p>\n<p>\u5f31\u70b9\u6307\u7684\u662f\u4e0d\u5229\u7684\u5185\u90e8\u95ee\u9898\uff0c\u8fd9\u4e9b\u95ee\u9898\u53ef\u80fd\u6765\u81ea\u516c\u53f8\u7ba1\u7406\u3001\u8d22\u52a1\u98ce\u9669\u7b49\u3002<\/p>\n<p>\u673a\u9047\u4ee3\u8868\u7740\u672a\u6765\u7684\u6709\u5229\u6761\u4ef6\uff0c\u4f8b\u5982\u65b0\u4e00\u8f6e\u5168\u7403\u822a\u7a7a\u4e1a\u91cd\u7ec4\u3001\u822a\u7a7a\u4e1a\u5149\u660e\u7684\u957f\u671f\u524d\u666f\u7b49\u3002<\/p>\n<p>\u5a01\u80c1\u663e\u793a\u4e86\u672a\u6765\u7684\u5916\u90e8\u4e0d\u5229\u6761\u4ef6\uff0c\u53ef\u80fd\u6765\u81ea\u5b8f\u89c2\u7ecf\u6d4e\u548c\u5b8f\u89c2\u653f\u7b56\u7684\u6ce2\u52a8\u3001\u6d41\u884c\u75c5\u548c\u81ea\u7136\u707e\u5bb3\u3001\u5916\u6c47\u6ce2\u52a8\u3001\u822a\u7a7a\u71c3\u6cb9\u4ef7\u683c\u6ce2\u52a8\u3001\u5229\u7387\u6ce2\u52a8\u3002<\/p>\n<h2 style=\"font-size: 25px; text-align: center;\"><b>\u517c\u5e76\u4e0e\u6536\u8d2d<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td>\u65e5\u671f<\/td>\n<td>\u516c\u53f8<\/td>\n<td>\u91cd\u8981\u6027<\/td>\n<\/tr>\n<tr>\n<td>\u4e5d\u5341\u5e74\u4ee3\u672b<\/td>\n<td>\u51e0\u5bb6\u8f83\u5c0f\u7684\u975e\u76c8\u5229\u6027\u56fd\u5185\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u7a81\u51fa\u5176\u6269\u5f20\u8ba1\u5212\uff0c\u52aa\u529b\u7b79\u96c6\u8d44\u91d1<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5176\u4e2d\u5305\u62ec\u8d2d\u4e70\u8d35\u5dde\u822a\u7a7a\u516c\u53f8 60% \u80a1\u4efd<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>2000<\/td>\n<td>\u4e2d\u539f\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Zhongyuan_Airlines\">\u4e2d\u539f<\/a> \u822a\u7a7a\u516c\u53f8\u6210\u7acb\u4e8e 1986 \u5e74\uff0c\u822a\u7ebf\u5305\u62ec\u90d1\u5dde\u81f3\u5317\u4eac\u3001\u4e0a\u6d77\u3001\u5e7f\u5dde\u4ee5\u53ca\u4e2d\u56fd 30 \u591a\u4e2a\u56fd\u5185\u57ce\u5e02\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">1998 \u5e74\uff0c\u8be5\u516c\u53f8\u5728\u5e02\u573a\u5316\u8fd0\u4f5c\u7684\u53d1\u5c55\u8fc7\u7a0b\u4e2d\u51fa\u73b0\u4e8f\u635f\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5b83\u88ab <a href=\"https:\/\/en.wikipedia.org\/wiki\/China_Southern_Airlines\">\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8<\/a> 2000 \u5e74 8 \u6708 4 \u65e5<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5408\u5e76\u540e\uff0c\u5408\u5e76\u540e\u7684\u96c6\u56e2\u5c06\u5360\u636e\u90d1\u5dde\u673a\u573a\u8fd0\u8f93\u5e02\u573a 60% \u7684\u4efd\u989d\u3002\u90d1\u5dde\u673a\u573a\u76ee\u524d\u6bcf\u5e74\u6709\u6765\u81ea\u4e2d\u56fd 40 \u4e2a\u76ee\u7684\u5730\u7684\u822a\u73ed\u548c 23,000 \u591a\u4e2a\u822a\u73ed\u3002<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>2002<\/td>\n<td>\u4e2d\u56fd\u5317\u65b9\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u516c\u53f8\u6210\u7acb\u4e8e 1990 \u5e74\uff0c\u603b\u90e8\u4f4d\u4e8e\u8fbd\u5b81\u7701\u6c88\u9633\u5e02\u3002\u673a\u961f\u66fe\u62e5\u6709 85 \u67b6\u5404\u578b\u98de\u673a\u548c 150 \u591a\u6761\u822a\u7ebf\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2002 \u5e74 <a href=\"https:\/\/en.wikipedia.org\/wiki\/China_Northern_Airlines\">\u4e2d\u56fd<\/a> \u5317\u65b9\u822a\u7a7a\u516c\u53f8\u4e0e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u5408\u5e76<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>2002<\/td>\n<td><a href=\"https:\/\/en.wikipedia.org\/wiki\/Xinjiang_Airlines\">\u65b0\u7586\u822a\u7a7a\u516c\u53f8<\/a><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">1985 \u5e74\uff0c\u65b0\u7586\u822a\u7a7a\u516c\u53f8\u6210\u7acb\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">2002 \u5e74 10 \u6708\uff0c\u65b0\u7586\u822a\u7a7a\u516c\u53f8\u4e0e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u96c6\u56e2\u516c\u53f8\u5408\u5e76<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>2000 \u5e74 7 \u6708\uff0c\u884c\u653f\u673a\u6784\u5ba3\u5e03\u5c06\u5176\u76f4\u63a5\u7ba1\u7406\u7684\u5341\u5bb6\u822a\u7a7a\u516c\u53f8\u5408\u5e76\u4e3a\u4e09\u5bb6\u822a\u7a7a\u96c6\u56e2\uff0c\u5373\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u516c\u53f8\u3001\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\u548c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u30022004 \u5e74 11 \u6708\uff0c\u5357\u822a\u6536\u8d2d\u4e86\u5176\u4ef7\u503c 120 \u4ebf\u7f8e\u5143\u7684\u8d44\u4ea7\uff08\u4ee5\u53ca 18 \u4ebf\u7f8e\u5143\u7684\u503a\u52a1\uff09\u3002\u56e0\u6b64\uff0c\u5357\u822a\u7684\u673a\u961f\u89c4\u6a21\u4ece 140 \u591a\u67b6\u98de\u673a\u6269\u5927\u5230 210 \u591a\u67b6\u98de\u673a\u3002\u6536\u8d2d\u610f\u5473\u7740\u5357\u822a\u6210\u4e3a\u6c88\u9633\u548c\u4e4c\u9c81\u6728\u9f50\u7684\u4e3b\u8981\u822a\u7a7a\u516c\u53f8\uff0c\u5ba2\u8fd0\u91cf\u4ece 2004 \u5e74\u7684 2820 \u4e07\u4eba\u6b21\u8dc3\u5347\u81f3 2005 \u5e74\u7684 4410 \u4e07\u4eba\u6b21\u3002\u7531\u6b64\uff0c\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u6210\u4e3a\u4e2d\u56fd \"\u4e09\u5927\u822a\u7a7a\u516c\u53f8\"\uff08\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u3001\u4e2d\u56fd\u4e1c\u65b9\u822a\u7a7a\u516c\u53f8\u548c\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u516c\u53f8\uff09\u4e4b\u4e00\u3002\u6b64\u540e\uff0c\u5357\u822a\u53c8\u9646\u7eed\u53c2\u80a1\u3001\u5165\u80a1\u56fd\u5185\u591a\u5bb6\u822a\u7a7a\u516c\u53f8\u3002\u5357\u822a\u662f\u53a6\u95e8\u822a\u7a7a\uff0855%\uff09\u548c\u91cd\u5e86\u822a\u7a7a\uff0860%\uff09\u7684\u4e3b\u8981\u80a1\u4e1c\uff0c\u8fd8\u6295\u8d44\u4e86\u56db\u5ddd\u822a\u7a7a\uff0839%\uff09\u3002<\/p>\n<p><b>\u5408\u8d44\u4f01\u4e1a<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>\u65e5\u671f<\/td>\n<td>\u516c\u53f8<\/td>\n<td>\u91cd\u8981\u6027<\/td>\n<\/tr>\n<tr>\n<td>2019 \u5e74 12 \u6708 17 \u65e5<\/td>\n<td>\u82f1\u56fd\u822a\u7a7a\u516c\u53f8<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u4ece2020\u5e741\u67082\u65e5\u8d77\uff0c\u4e24\u5bb6\u822a\u7a7a\u516c\u53f8\u5728\u4f26\u6566\u81f3\u5317\u4eac\u3001\u4e0a\u6d77\u3001\u5e7f\u5dde\u7b49\u5730\u7684\u5168\u90e831\u6761\u822a\u7ebf\u4e0a\u5b9e\u73b0\u4ee3\u7801\u5171\u4eab\uff0c\u5e76\u57282019\u5e741\u6708\u6269\u5c55\u5230\u66f4\u591a\u822a\u7ebf\u548c\u4e92\u60e0\u5e38\u65c5\u5ba2\u6743\u76ca\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u5408\u8d44\u540e\uff0c\u53cc\u65b9\u5728\u4f26\u6566\u81f3\u5317\u4eac\u3001\u4e0a\u6d77\u3001\u5e7f\u5dde\u7b49\u822a\u7ebf\u7684\u6240\u6709\u76f4\u98de\u822a\u73ed\u4e0a\u5b9e\u884c\u4ee3\u7801\u5171\u4eab\uff0c\u6bcf\u5468\u5171 31 \u4e2a\u822a\u73ed\u3002<\/li>\n<\/ul>\n<p>\u8fd9\u5c06\u6269\u5c55\u5230\u4e24\u5bb6\u822a\u7a7a\u516c\u53f8\u7684\u56fd\u5185\u7f51\u7edc\u3002<\/td>\n<\/tr>\n<tr>\n<td>2010<\/td>\n<td>\u6cd5\u822a \u8377\u822a<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u6cd5\u56fd\u8fd8\u4e0e\u4e2d\u56fd\u5357\u65b9\u822a\u7a7a\u516c\u53f8\u5408\u4f5c\uff0c\u5728\u5df4\u9ece-\u5e7f\u5dde\u822a\u7ebf\u4e0a\u6210\u7acb\u4e86\u4e00\u5bb6\u5408\u8d44\u4f01\u4e1a\u3002<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\u76ee\u524d\uff0c\u8fd9\u4e9b\u534f\u8bae\u5df2\u5408\u5e76\u4e3a\u6b27\u6d32\u548c\u4e2d\u56fd\u4e4b\u95f4\u7684\u5355\u4e00\u5408\u8d44\u4f01\u4e1a\u3002<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u6765\u6e90\uff1a\u6295\u8d44\u767e\u79d1<\/p>","protected":false},"excerpt":{"rendered":"<p>Company Overview China Southern Airlines Company Limited (CSA), with world headquarters based in Guangzhou, China, is a provider of airline services. The Company&#8217;s main businesses [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11231,"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":[380],"class_list":["post-8431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-finance","author-manikaweb"],"acf":[],"authors":[{"term_id":380,"user_id":0,"is_guest":1,"slug":"manikaweb","display_name":"Manika","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ef5c42a330bd3c1e0587049f861e6e12b8b63b90fee1b77487d7eeff192249d0?s=96&d=mm&r=g","author_category":"","user_url":"","last_name":"","first_name":"Manika","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/8431","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=8431"}],"version-history":[{"count":42,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/8431\/revisions"}],"predecessor-version":[{"id":10557,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/8431\/revisions\/10557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/media\/11231"}],"wp:attachment":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/media?parent=8431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/categories?post=8431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/tags?post=8431"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/ppma_author?post=8431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}