2025骞存埧鍦扮敘(ch菐n)浼板児(ji脿)甯€冭│鏅�(sh铆)闁撳畾浜�11鏈�8鏃ヨ嚦9鏃�锛岀従(xi脿n)鐐哄ぇ瀹舵暣鐞嗕簡涓€浜涜€冭│楂橀牷鐭ヨ瓨(sh铆)榛�(di菐n)锛屼粖澶╃殑鐭ヨ瓨(sh铆)榛�(di菐n)鏄墿浣欐硶锛屼緵澶у寰�(f霉)缈�(x铆)妾㈡脯锛屽(xu茅)缈�(x铆)瀹屽悗涓嶈蹇樿鍋氱反缈�(x铆)!

鑻ユ摂(d膩n)蹇冮尟(cu貌)閬�2025骞存埧鍦扮敘(ch菐n)浼板児(ji脿)甯牨(b脿o)鍚嶆檪(sh铆)闁�銆佽€冭│鏅�(sh铆)闁撶瓑淇℃伅锛屽缓璀板厤璨�(f猫i)闋�(y霉)绱勯爜闈笂鏂圭殑鐭俊鎻愰啋锛屽眴鏅�(sh铆)鎴戝€戞渻(hu矛)鐧�(f膩)閫佺煭淇℃彁閱掑ぇ瀹�銆�

銆愬倷鑰冪绫嶃€戝倷鑰�2025骞存埧鍦扮敘(ch菐n)浼板児(ji脿)甯嵒娌掓湁闋窉鐨勪紮浼村彲浠�鍏嶈不(f猫i)闋�(l菒ng)鍙�>>2025骞存埧鍦扮敘(ch菐n)浼板児(ji脿)甯�-绮捐瑳鐝珨椹�(y脿n)瑾层€愭柊浜虹Ξ鍖呫€�

鍓╀綑娉曟槸鍦ㄦ脯绠楀畬鎴愰枊鐧�(f膩)鍚庣殑涓嶅嫊(d貌ng)鐢�(ch菐n)姝ｅ父浜ゆ槗鍍�(ji脿)鏍肩殑鍩虹(ch菙)涓�锛屾墸闄ら爯(y霉)瑷�(j矛)鐨勬甯搁枊鐧�(f膩)鎴愭湰鍙婃湁闂�(gu膩n)灏堟キ(y猫)璨�(f猫i)鐢�銆佸埄鎭€佸埄娼ゅ拰绋呰不(f猫i)绛�锛屼互鍍�(ji脿)鏍间綑椤嶄締浼扮畻寰呬及瀹楀湴鍍�(ji脿)鏍肩殑鏂规硶銆�

涓€銆佽⿻(p铆ng)浼扮従(xi脿n)鏈変笉鍕�(d貌ng)鐢�(ch菐n)涓墍鍚湡鍦板児(ji脿)鏍�

1.鍩烘湰鍏紡

鍦熷湴鍍�(ji脿)鏍�=涓嶅嫊(d貌ng)鐢�(ch菐n)浜ゆ槗鍍�(ji脿)鏍�-鎴垮眿鐝�(xi脿n)鍊�-浜ゆ槗绋呰不(f猫i)

2.绋嬪簭

(1)瑾�(di脿o)鏌ュ緟浼板畻鍦扮殑鍩烘湰鎯呮硜

(2)娓畻涓嶅嫊(d貌ng)鐢�(ch菐n)浜ゆ槗鍍�(ji脿)鏍�

涓嶅嫊(d貌ng)鐢�(ch菐n)浜ゆ槗鍍�(ji脿)鏍兼噳(y墨ng)渚濇摎(j霉)瀹㈣浜ゆ槗鍍�(ji脿)鏍�锛岄噰鐢ㄥ競鍫存瘮杓冩硶鎴栫祼(ji茅)鍚堜笉鍕�(d貌ng)鐢�(ch菐n)鐨勭稉(j墨ng)鐕熺媭娉佸拰甯傚牬姊濅欢閬�(y霉n)鐢ㄦ敹鐩婇倓鍘熸硶纰哄畾銆�

(3)娓畻鎴垮眿鐝�(xi脿n)鍊�

鍙冪収鏀剁泭閭勫師娉曚腑鐨勬湁闂�(gu膩n)瑕�(gu墨)鍓囨脯绠�銆�

(4)娓畻浜ゆ槗绋呰不(f猫i)

涓昏鍖呮嫭涓嶅嫊(d貌ng)鐢�(ch菐n)浜ゆ槗閬庣▼涓殑绋呰不(f猫i)銆�

(5)娓畻鍦熷湴鍍�(ji脿)鏍�

閬�(y霉n)鐢ㄥ墿浣欐硶瑭�(p铆ng)浼板叕寮忔脯绠楀湡鍦板児(ji脿)鏍�锛屾噳(y墨ng)娉ㄦ剰寰呬及瀹楀湴鐨勮ō(sh猫)瀹氫娇鐢ㄥ勾鏈熻垏涓嶅嫊(d貌ng)鐢�(ch菐n)浜ゆ槗鍍�(ji脿)鏍煎皪(du矛)鎳�(y墨ng)鐨勫勾鏈熶箣闁撶殑宸垾骞堕€�(j矛n)琛屼娇鐢ㄥ勾鏈熶慨姝�銆�

浜�銆佽⿻(p铆ng)浼板緟闁嬬櫦(f膩)鍦熷湴鐨勫児(ji脿)鏍�

鍓╀綑娉曢仼鐢ㄤ簬鍏锋湁鎶曡硣闁嬬櫦(f膩)鎴栧啀闁嬬櫦(f膩)娼涘姏鐨勫湡鍦颁及鍍�(ji脿)銆備竴鑸彲閬�(y霉n)鐢ㄤ簬浠ヤ笅鎯呭舰锛�

1)寰呴枊鐧�(f膩)涓嶅嫊(d貌ng)鐢�(ch菐n)鐨勫湡鍦颁及鍍�(ji脿);

2)寰呮敼閫犲悗鍐嶉枊鐧�(f膩)涓嶅嫊(d貌ng)鐢�(ch菐n)涓殑鍦熷湴浼板児(ji脿);

3)鍍呭皣鍦熷湴闁嬬櫦(f膩)鏁寸悊鎴愬彲渚涚洿鎺ュ埄鐢ㄧ殑鍦熷湴浼板児(ji脿)銆�

1.鍩烘湰鍏紡

寰呬及瀹楀湴鍍�(ji脿)鏍�=涓嶅嫊(d貌ng)鐢�(ch菐n)绺藉児(ji脿)-闁嬬櫦(f膩)闋�(xi脿ng)鐩暣楂旂殑闁嬬櫦(f膩)鎴愭湰-瀹㈣闁嬬櫦(f膩)鍒╂饯

2.绋嬪簭

(1)瑾�(di脿o)鏌ュ緟浼板畻鍦扮殑鍩烘湰鎯呮硜

(2)纰哄畾寰呬及瀹楀湴鐨勬渶鏈夋晥鍒╃敤鏂瑰紡

(3)娓畻闁嬬櫦(f膩)瀹屾垚鍚庣殑鍦熷湴鎴栦笉鍕�(d貌ng)鐢�(ch菐n)绺藉児(ji脿)

鎳�(y墨ng)鏍规摎(j霉)寰呬及瀹楀湴鐨勬渶鏈夋晥鍒╃敤鏂瑰紡鍜岀暥(d膩ng)?sh霉)澶矋?d貌ng)鐢�(ch菐n)甯傚牬鐝�(xi脿n)鐙€锛岄噰鐢ㄥ競鍫存瘮杓冩硶鎴栬定鍕㈠垎鏋愮⒑瀹氬叾鍦ㄨ⿻(p铆ng)浼版湡鏃ョ殑鍍�(ji脿)鍊笺€�

灏�(du矛)闁嬬櫦(f膩)瀹屾垚鍚庢摤閲囩敤鍑虹鎴栬嚜鐕熸柟寮忕稉(j墨ng)鐕熺殑鍦熷湴鎴栦笉鍕�(d貌ng)鐢�(ch菐n)鍍�(ji脿)鍊�锛屼篃鍙互鏍规摎(j霉)鍚屼竴甯傚牬鐙€娉侀噰鐢ㄦ敹鐩婇倓鍘熸硶纰哄畾鍏跺児(ji脿)鍊�銆�

(4)浼拌▓(j矛)闁嬬櫦(f膩)寤鸿ō(sh猫)鍛ㄦ湡鍜屾姇璩囬€�(j矛n)搴﹀畨鎺�

(5)娓畻闁嬬櫦(f膩)鎴愭湰鍜岄枊鐧�(f膩)瀹㈣闁嬬櫦(f膩)鍒╂饯

闁嬬櫦(f膩)鎴愭湰鏄爡(xi脿ng)鐩枊鐧�(f膩)寤鸿ō(sh猫)鏈熼枔鎵€鐧�(f膩)鐢熺殑瀹㈣璨�(f猫i)鐢ㄧ殑绺藉拰銆�

鍦板児(ji脿)娆�銆佸湡鍦伴枊鐧�(f膩)璨�(f猫i)鐢ㄦ垨鎴垮眿寤洪€犳垚鏈�銆佺鐞嗚不(f猫i)鐢ㄥ拰璩煎湴绋呰不(f猫i)绛夊叏閮ㄩ爯(y霉)浠樿硣鏈瑷�(j矛)绠楀埄鎭€傚埄鎭殑瑷�(j矛)绠楄鍏呭垎鑰冩叜璩囨湰鎶曞叆鐨勯€�(j矛n)搴﹀畨鎺�锛屾寜寰�(f霉)鍒╄▓(j矛)绠椼€�

涓€鑸互鍦熷湴鎴栦笉鍕�(d貌ng)鐢�(ch菐n)绺藉児(ji脿)鍊兼垨鍏ㄩ儴闋�(y霉)浠樿硣鏈殑涓€瀹氭瘮渚嬭▓(j矛)绠楅枊鐧�(f膩)闋�(xi脿ng)鐩瑙€鍒╂饯銆�

濡傛灉閲囩敤鐝�(xi脿n)閲戞祦閲忔硶锛屾姌鐝�(xi脿n)鐜囩殑鍙栧€肩稖鍚堣€冩叜浜嗗埄鎭拰鍒╂饯鍥犵礌锛屽彲涓嶅柈鐛�(d煤)娓畻鍒╂饯銆�

(6)娓畻寰呬及瀹楀湴鍍�(ji脿)鏍�

閬�(y霉n)鐢ㄥ墿浣欐硶瑭�(p铆ng)浼板叕寮忔脯绠楀湡鍦板児(ji脿)鏍�銆�

涓�銆佺稉(j墨ng)鍏镐緥椤�

銆愪緥椤�•涓嶅畾闋�(xi脿ng)銆戞煇鎴垮湴鐢�(ch菐n)闁嬬櫦(f膩)鍟嗙従(xi脿n)鍙栧緱涓€瀹楀晢妤�(y猫)鐢ㄥ湴鐨勬渶楂樺勾鏈熷湡鍦颁娇鐢ㄦ瑠(qu谩n)锛岄爯(y霉)瑷�(j矛)鐢�3骞存檪(sh铆)闁撳畬鎴愰爡(xi脿ng)鐩枊鐧�(f膩)寤鸿ō(sh猫)锛岀稉(j墨ng)鍒嗘瀽娓畻锛岄爡(xi脿ng)鐩缓鎴愬悗鐨勫勾鎴垮湴绱旀敹鐩婄偤320钀厓銆傝嫢缍滃悎閭勫師鐜囩偤8%锛屾姌鐝�(xi脿n)鐜囩偤12%锛屽墖瑭查爡(xi脿ng)鐩枊鐧�(f膩)瀹屾垚鍚庣殑鎴垮湴鐢�(ch菐n)鐝�(xi脿n)鍊肩偤(銆€)钀厓銆�

A.4000

B.3768

C.2682

D.2847

銆愮瓟妗堛€慍

銆愯В鏋愩€戣┎闋�(xi脿ng)鐩枊鐧�(f膩)瀹屾垚鍚庣殑鎴垮湴鐢�(ch菐n)鐝�(xi脿n)鍊�=320/8%×[1-1/(1+8%)37]×1/(1+12%)3=2682(钀厓)銆�

銆愪緥椤�•涓嶅畾闋�(xi脿ng)銆戝墿浣欐硶瑭�(p铆ng)浼板緟闁嬬櫦(f膩)鍦熷湴鍍�(ji脿)鏍�锛屽湡鍦伴枊鐧�(f膩)闋�(xi脿ng)鐩殑闁嬬櫦(f膩)鎴愭湰鍖呮嫭(銆€)銆�

A.璩煎湴绋呰不(f猫i)

B.鎴垮眿寤洪€犳垚鏈�

C.绠＄悊璨�(f猫i)鐢�

D.閵峰敭绋呰不(f猫i)

銆愮瓟妗堛€慉CD

銆愯В鏋愩€戝湪鍦熷湴闁嬬櫦(f膩)闋�(xi脿ng)鐩腑锛岄枊鐧�(f膩)鎴愭湰鍖呮嫭璩煎湴绋呰不(f猫i)銆佸皣鍦熷湴闁嬬櫦(f膩)瀹屾垚鎵€闇€鐨勯枊鐧�(f膩)璨�(f猫i)鐢�銆佺鐞嗚不(f猫i)鐢ㄣ€佹姇璩囧埄鎭拰閵峰敭绋呰不(f猫i);鍦ㄤ笉鍕�(d貌ng)鐢�(ch菐n)闁嬬櫦(f膩)闋�(xi脿ng)鐩腑锛岄枊鐧�(f膩)鎴愭湰鍖呮嫭璩煎湴绋呰不(f猫i)銆佹埧灞嬪缓閫犳垚鏈�銆佺鐞嗚不(f猫i)鐢�銆佹姇璩囧埄鎭拰閵峰敭绋呰不(f猫i)銆�

銆愪緥椤�•涓嶅畾闋�(xi脿ng)銆戝湡鍦颁及鍍�(ji脿)甯亱(y霉n)鐢ㄥ墿浣欐硶浼板児(ji脿)閬庣▼涓�锛屽湪浼扮畻涓嶅嫊(d貌ng)鐢�(ch菐n)绺藉児(ji脿)鏅�(sh铆)锛屾纰虹殑鏂规硶鏄�(銆€)銆�

A.渚濇摎(j霉)濮旀墭鏂规彁渚涚殑鏁�(sh霉)鎿�(j霉)

B.鏍规摎(j霉)閵峰敭寤ｅ憡涓殑鍫�(b脿o)鍍�(ji脿)

C.閬告搰涓夊€�(g猫)甯傚牬妗堜緥缍�(j墨ng)甯傚牬姣旇純娉曚慨姝ｇ⒑瀹�

D.閲囩敤鐢宠珛閵峰敭瑷卞彲璀夋檪(sh铆)鍌欐鐨勫敭鍍�(ji脿)

銆愮瓟妗堛€慍

銆愯В鏋愩€戞脯绠楅枊鐧�(f膩)瀹屾垚鍚庣殑鍦熷湴鎴栦笉鍕�(d貌ng)鐢�(ch菐n)绺藉児(ji脿)锛屾噳(y墨ng)鏍规摎(j霉)寰呬及瀹楀湴鐨勬渶鏈夋晥鍒╃敤鏂瑰紡鍜岀暥(d膩ng)?sh霉)澶矋?d貌ng)鐢�(ch菐n)甯傚牬鐝�(xi脿n)鐙€锛岄噰鐢ㄥ競鍫存瘮杓冩硶鎴栬定鍕㈠垎鏋愮⒑瀹氬叾鍦ㄨ⿻(p铆ng)浼版湡鏃ョ殑鍍�(ji脿)鍊�銆傚皪(du矛)闁嬬櫦(f膩)瀹屾垚鍚庢摤閲囩敤鍑虹鎴栬嚜鐕熸柟寮忕稉(j墨ng)鐕熺殑鍦熷湴鎴栦笉鍕�(d貌ng)鐢�(ch菐n)鍍�(ji脿)鍊�锛屼篃鍙互鏍规摎(j霉)鍚屼竴甯傚牬鐙€娉侀噰鐢ㄦ敹鐩婇倓鍘熸硶纰哄畾鍏跺児(ji脿)鍊�銆�

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