方📝(fang)正🤷(zheng)证🤥(zheng)券🤞(quan)表🙋(biao)示🌈(shi),在➡(zai)美🗽(mei)联🍈(lian)储📟(chu)明📺(ming)确🤖(que)降📷(jiang)息🛺(xi)之💤(zhi)前☔(qian),“科🧗(ke)特🏘(te)估🕐(gu)”仍😟(reng)将🗒(jiang)是🦅(shi)阶😯(jie)段🆔(duan)性📵(xing)博🕸(bo)弈💵(yi)的🥤(de)主📁(zhu)题📶(ti)行🔟(xing)情🔐(qing)
行🐋(xing)业📿(ye)配🍪(pei)置🌤(zhi)延🕙(yan)续🦊(xu)“八🦋(ba)二✴(er)法😩(fa)则🍰(ze)”:80%仓🏇(cang)位😥(wei)中🎢(zhong)长🍆(chang)期💙(qi)配⏪(pei)置👧(zhi)“中🧠(zhong)特👏(te)估🗯(gu)”(资🚦(zi)源🚝(yuan)/公🌜(gong)用✂(yong)事🐒(shi)业🥞(ye))主😵(zhu)线🎟(xian);20%阶🥈(jie)段🥧(duan)性🛁(xing)博🐖(bo)弈⏲(yi)“科🎧(ke)特👋(te)估📯(gu)”主🔪(zhu)题✍(ti)和🍺(he)银😋(yin)行🕯(xing)的🤮(de)反👪(fan)弹🧀(dan)机🎀(ji)会📽(hui)
本⭐(ben)周⛓(zhou)“科💎(ke)特🚀(te)估📿(gu)”行🌋(xing)情🧢(qing)起🅰(qi),“中🥫(zhong)特🌜(te)估🍠(gu)”行♉(xing)情🏘(qing)落🦊(luo),部🦏(bu)分✉(fen)投🐡(tou)资👆(zi)者🏚(zhe)担🦋(dan)心🥇(xin)市🍲(shi)场📡(chang)风♿(feng)格💢(ge)切🔨(qie)换⬜(huan)
但🎋(dan)我🔤(wo)们🎼(men)在🤦(zai)上📮(shang)周😏(zhou)《科🙏(ke)特🕚(te)估✊(gu):憧💖(chong)憬🤟(jing)与💁(yu)现⏲(xian)实⚓(shi)》中🐄(zhong)指🐎(zhi)出🧗(chu):“科🏘(ke)特😠(te)估🧑(gu)”和🕧(he)“中🌍(zhong)特🈷(te)估🦍(gu)”都💣(dou)是🗻(shi)重🤭(zhong)估🏽(gu)中🐙(zhong)国🕸(guo)优🧙(you)势📟(shi)的😤(de)“安⏪(an)全🚧(quan)资🏯(zi)产🥁(chan)”
“科🎥(ke)特🌴(te)估🛠(gu)”和⛹(he)“中🤹(zhong)特💵(te)估🤔(gu)”投👥(tou)资🔒(zi),到🛅(dao)底😱(di)有💮(you)哪❔(na)些🔞(xie)异☝(yi)同🍇(tong)?我👉(wo)们💗(men)的🔭(de)主⬅(zhu)要⛄(yao)看⏳(kan)法🏌(fa)如🔸(ru)下🍙(xia)—— 第🆎(di)一🅰(yi),逆🦂(ni)全🐐(quan)球🐯(qiu)化🙉(hua)“大🍄(da)安😇(an)全😧(quan)当🌾(dang)立🐃(li)”:“科🏡(ke)特🛡(te)估🏓(gu)”和💹(he)“中🍉(zhong)特📢(te)估🦌(gu)”都🔎(dou)是🚜(shi)重🕗(zhong)估😌(gu)安🗨(an)全🛰(quan)资🔠(zi)产🚶(chan)
我💥(wo)们😴(men)从📜(cong)去😁(qu)年🏯(nian) 6.18《大🏒(da)安🚢(an)全🍕(quan)当🏾(dang)立❓(li)》以🚂(yi)来👨(lai)持🆓(chi)续🧜(xu)提🍞(ti)示〰(shi):(1)“中⚫(zhong)特🌑(te)估🍳(gu)”是🐴(shi)泛🎐(fan)公🎞(gong)用〽(yong)事🦄(shi)业🤰(ye)涨🤢(zhang)价😤(jia)重👑(zhong)估⛰(gu),加😧(jia)速🦇(su)土🏤(tu)地🙅(di)财🌋(cai)政🚵(zheng)转🚫(zhuan)向🚺(xiang)要👬(yao)素🦅(su)财😽(cai)政😜(zheng),是💇(shi)实🦄(shi)现😵(xian)“科😊(ke)特🏟(te)估🖲(gu)”的🎆(de)基🈹(ji)础🎫(chu);(2)“科😽(ke)特⏩(te)估🛑(gu)”是🎙(shi)改🎮(gai)善🏴(shan)科🔊(ke)技✝(ji)股💿(gu)融🥃(rong)资🔰(zi)可🛸(ke)得💯(de)性👙(xing),加😩(jia)速♏(su)新➕(xin)质🖲(zhi)生🎨(sheng)产🚾(chan)力🧡(li)转👅(zhuan)型👣(xing)升💠(sheng)级🕙(ji),是👙(shi)实🎦(shi)施🤢(shi)“中😅(zhong)特🛠(te)估😘(gu)”的⛺(de)目💎(mu)的🚂(de)
因🍔(yin)此📞(ci),“科😹(ke)特🛢(te)估😃(gu)”和😳(he)“中🐚(zhong)特🐺(te)估🎱(gu)”行🤢(xing)情🎨(qing)必⛅(bi)将🛎(jiang)相🐟(xiang)伴🥫(ban)而🔉(er)生🎍(sheng)
但📻(dan)两🏰(liang)者🔘(zhe)之💰(zhi)间🍌(jian)也🐭(ye)存🎦(cun)在🦄(zai) 3 大🥙(da)差🍄(cha)异👒(yi),行🍓(xing)情🧗(qing)不🦀(bu)会🐖(hui)简💩(jian)单🔲(dan)重📻(zhong)复🥐(fu)—— 第📴(di)二🍣(er),差🏂(cha)异🥟(yi)一🐵(yi)(基🧠(ji)本🌔(ben)面👘(mian)):“中😼(zhong)特🧀(te)估♑(gu)”有⛳(you)业🍋(ye)绩🗓(ji)支🐤(zhi)撑🤚(cheng),“科🌟(ke)特🍭(te)估🏈(gu)”业🏠(ye)绩🐦(ji)兑😢(dui)现🔟(xian)周🍀(zhou)期🧝(qi)较🍒(jiao)长🍅(chang)
“涨✖(zhang)价❤(jia)重🥡(zhong)估🤴(gu)”能😂(neng)够👡(gou)立🥞(li)竿💺(gan)见🔡(jian)影🈲(ying)改🎙(gai)善😖(shan)泛🔞(fan)公🆘(gong)用🎯(yong)事🥥(shi)业👳(ye)部👃(bu)门🥠(men)(水🐫(shui)电😰(dian)燃🧙(ran)气♉(qi)交🙀(jiao)运🍍(yun)通🕵(tong)信🎑(xin)等👨(deng))的🛺(de)盈🏐(ying)利🛃(li)能🐐(neng)力♋(li),夯🦅(hang)实🛏(shi)“中📥(zhong)特🧦(te)估⛸(gu)”行🐭(xing)情🔧(qing)的🔠(de)业✴(ye)绩🤮(ji)基🎚(ji)础♍(chu);而🧐(er)“科🌶(ke)特🛏(te)估👠(gu)”聚💙(ju)焦🎋(jiao)挖🦏(wa)掘💺(jue)新🗄(xin)质🔨(zhi)生🐾(sheng)产📴(chan)力🤛(li)的💻(de)潜🙎(qian)在🏹(zai)价🔯(jia)值🚦(zhi),短🆒(duan)期🤽(qi)较🐿(jiao)难🔛(nan)有🌔(you)系🤑(xi)统🔮(tong)性🌏(xing)的🕔(de)业👡(ye)绩🏉(ji)支🚹(zhi)撑🦔(cheng)
第🛸(di)三🥘(san),差📧(cha)异👌(yi)二🐃(er)(投🐾(tou)资💶(zi)者🎟(zhe)结⛷(jie)构🚤(gou)):“中🛥(zhong)特❗(te)估🌌(gu)”险🍥(xian)资📕(zi)为💮(wei)主🈚(zhu),“科🧢(ke)特🕳(te)估🍒(gu)”公🎮(gong)募🐤(mu)占💝(zhan)优⏪(you)
“中🔺(zhong)特💮(te)估🔅(gu)”的🤤(de)投⬜(tou)资💨(zi)者👬(zhe)多🧕(duo)为😣(wei)险🥢(xian)资🥙(zi)等👙(deng)长🤓(chang)期📆(qi)资⚡(zi)金🏪(jin),因⚓(yin)此🏎(ci)在🦖(zai)“中📐(zhong)特👲(te)估🏠(gu)”中🌛(zhong)长✏(chang)期🚯(qi)“涨👫(zhang)价🕸(jia)重🧔(zhong)估💏(gu)”进🐳(jin)程⚪(cheng)中🐴(zhong),行📖(xing)情🤮(qing)的🦓(de)波🚴(bo)动❌(dong)率🐚(lv)相🗯(xiang)对🚢(dui)较🅾(jiao)小🐰(xiao),适🚤(shi)合⛔(he)作♓(zuo)为🏍(wei)长😑(chang)期📼(qi)配😿(pei)置🚮(zhi)主🕟(zhu)线🕒(xian);而🌿(er)“科📽(ke)特👤(te)估💵(gu)”的👨(de)投🙊(tou)资🤨(zi)者📪(zhe)多🏫(duo)为🧟(wei)公📐(gong)募🏇(mu)和⏹(he)外🛴(wai)资🧦(zi)交📸(jiao)易🥕(yi)盘🗜(pan),资🍈(zi)金😠(jin)存📤(cun)在⛅(zai)“堰💸(yan)塞😽(sai)湖🔑(hu)”现🔩(xian)象🦏(xiang),因🙍(yin)此🔖(ci)我✏(wo)们👊(men)预🍺(yu)计❓(ji)“科🔅(ke)特🧣(te)估⏲(gu)”的🛰(de)反🐞(fan)弹📬(dan)行🔁(xing)情⏹(qing),目🐽(mu)前⚡(qian)仍😄(reng)适🏩(shi)合🃏(he)作🚁(zuo)为🏤(wei)短🗞(duan)期🍾(qi)配♌(pei)置👽(zhi)主💇(zhu)题📯(ti)。 第🎁(di)四🌚(si),差🚛(cha)异🐗(yi)三🔷(san)(流📌(liu)动😣(dong)性👊(xing)锚⛎(mao)点🍭(dian)):“中🚕(zhong)特😡(te)估⛔(gu)”锚🗣(mao)定📃(ding)国😛(guo)内🎈(nei)流🐦(liu)动🔁(dong)性🖖(xing),“科🌂(ke)特📠(te)估🦋(gu)”现🐯(xian)阶💓(jie)段🐞(duan)仍🔣(reng)锚🔬(mao)定🍏(ding)海🏃(hai)外📳(wai)流💲(liu)动🔼(dong)性🔥(xing)。“中🈳(zhong)特🎶(te)估🦀(gu)”行🎀(xing)情🐳(qing)和🎷(he) 10 年⏺(nian)期🔥(qi)国👍(guo)债🐥(zhai)利💕(li)率🔜(lv)高🌇(gao)度🐆(du)相♊(xiang)关😪(guan),23 年📗(nian)初🏇(chu)以🚡(yi)来👏(lai)国🚤(guo)债🔲(zhai)利🕹(li)率🏖(lv)趋♊(qu)势🌔(shi)性🍫(xing)回🔎(hui)调🚶(tiao),持🍾(chi)续🍎(xu)驱🆚(qu)动📇(dong)“中🏐(zhong)特🐆(te)估🙁(gu)”的😙(de)中🐌(zhong)长🦋(chang)期🔴(qi)行🐻(xing)情🔛(qing);而👢(er)“科👫(ke)特💇(te)估🕷(gu)”行📮(xing)情🏞(qing)和🖍(he) 10 年🐛(nian)期⏱(qi)美⬅(mei)债🏊(zhai)利🐖(li)率🌏(lv)高㊙(gao)度📫(du)相🏗(xiang)关🕣(guan),因🤜(yin)此🕙(ci),当🙊(dang)前🍯(qian)“科👰(ke)特🚅(te)估🎑(gu)”行⚡(xing)情🚭(qing)的🚽(de)持✴(chi)续😰(xu)性🀄(xing),需🔀(xu)要😪(yao)关🏾(guan)注😟(zhu)美🛠(mei)联🔏(lian)储🌿(chu)降😅(jiang)息🎐(xi)周🐁(zhou)期👓(qi)何🤠(he)时🎓(shi)启🕞(qi)动🚋(dong)。 第🌜(di)五🅾(wu),“科🏝(ke)特🔚(te)估🆗(gu)”投⛽(tou)资✳(zi)节🦐(jie)奏🚅(zou):在🛩(zai)美🚯(mei)联👈(lian)储🈂(chu)降🌒(jiang)息🐃(xi)之🖱(zhi)前📃(qian),仍🈁(reng)是💜(shi)政🥇(zheng)策💿(ce)驱🔦(qu)动🚭(dong)的🧐(de)主😢(zhu)题🌭(ti)投🎫(tou)资🈁(zi)。我🗺(wo)们✍(men)在🌬(zai)之👁(zhi)前👹(qian)多🈳(duo)篇🐽(pian)报🆖(bao)告🤥(gao)中😽(zhong)持🤨(chi)续📄(xu)强🌭(qiang)调🚙(tiao):全😼(quan)球🌤(qiu)中📽(zhong)大🍰(da)级📚(ji)别🤚(bie)的🧥(de)金🌽(jin)融👿(rong)危➡(wei)机🥅(ji),才🎐(cai)是🦋(shi)美🤤(mei)联⌛(lian)储🕵(chu)的🥠(de)降🚢(jiang)息🌱(xi)契🌌(qi)机🍅(ji)。因📷(yin)此🌩(ci),在😨(zai)美💭(mei)联🍿(lian)储💞(chu)降🔈(jiang)息🦒(xi)确👐(que)立💺(li)之👄(zhi)前🔯(qian),“科📉(ke)特⭐(te)估🐧(gu)”仍🔠(reng)是❗(shi)阶🤔(jie)段🚂(duan)性🏨(xing)的🖼(de)交🍋(jiao)易🎬(yi)机♉(ji)会🎌(hui);在〽(zai)美🌘(mei)联📩(lian)储💴(chu)降🕰(jiang)息🛐(xi)确📅(que)立🐤(li)之🦊(zhi)后🕡(hou),“科🔦(ke)特🥢(te)估📺(gu)”才🌹(cai)会🕊(hui)迎♌(ying)来🀄(lai)趋🚁(qu)势🌒(shi)性🌱(xing)的🍻(de)配🐾(pei)置💾(zhi)窗🚋(chuang)口😁(kou)。 第👍(di)六🥩(liu),“科👑(ke)特🍵(te)估🚖(gu)”投🥀(tou)资🌷(zi)结🆓(jie)构🍚(gou):聚🔂(ju)集⛪(ji) AI 等💭(deng)新🌛(xin)质😥(zhi)生👯(sheng)产🧕(chan)力💦(li)升🌇(sheng)级👿(ji)方👘(fang)向🏖(xiang)的🥚(de)“先🤦(xian)进🎻(jin)智🔉(zhi)造😧(zao)”。“科🍮(ke)特🔅(te)估🌃(gu)”也🍋(ye)不📿(bu)只🌨(zhi)是🏂(shi)拔♟(ba)估🍞(gu)值🦖(zhi),而🏨(er)是🎀(shi)要♈(yao)改🤤(gai)善🌊(shan)中🦆(zhong)国🍶(guo)前🍍(qian)沿🏇(yan)科➕(ke)技💗(ji)的🗺(de)融🔦(rong)资🕵(zi)可🚴(ke)得🅰(de)性🔣(xing)。中🛍(zhong)国⏺(guo)“先🌐(xian)进🎯(jin)智🧕(zhi)造👄(zao)”行🌀(xing)业⛔(ye)的🏈(de)融💔(rong)资🌎(zi)需⬅(xu)求🔜(qiu)很✍(hen)强🤡(qiang),但👧(dan)估🥢(gu)值🔴(zhi)仍😾(reng)处🕺(chu)于😳(yu)全🥄(quan)球🎒(qiu)相🍱(xiang)对🔎(dui)低💇(di)位♒(wei),“科😬(ke)特🍷(te)估👺(gu)” 需🚨(xu)要🐥(yao)聚🔱(ju)焦✏(jiao)改🌚(gai)善🐟(shan)智🤢(zhi)算📌(suan)中🛋(zhong)心🤸(xin)、人Ⓜ(ren)形🚰(xing)机🗼(ji)器🚓(qi)人👟(ren)等😠(deng)新🎢(xin)质🏨(zhi)生🕶(sheng)产😆(chan)力⚫(li)的🔦(de)融🌒(rong)资🍀(zi)可🌭(ke)得🐸(de)性👔(xing)。 第👶(di)七🧤(qi),行⛅(xing)业🕯(ye)配💐(pei)置🏃(zhi)继🌿(ji)续👊(xu)坚🛣(jian)守🕳(shou)“八😡(ba)二🕚(er)法👟(fa)则〰(ze)”:配🎴(pei)置🗣(zhi)“中🤛(zhong)特🕴(te)估🎙(gu)”,交🦅(jiao)易🎱(yi)“科🌠(ke)特🌄(te)估🌔(gu)”。在😦(zai)美🛒(mei)联🐃(lian)储🕙(chu)明📗(ming)确🗿(que)降🧠(jiang)息🚸(xi)之🍩(zhi)前💾(qian),“科🚶(ke)特🎣(te)估🏞(gu)”仍🥥(reng)将🌩(jiang)是🔂(shi)阶🔓(jie)段🍲(duan)性📌(xing)博🏖(bo)弈🌤(yi)的🥏(de)主🦔(zhu)题🚷(ti)行🈯(xing)情🥃(qing)。行🥇(xing)业🉐(ye)配👧(pei)置💽(zhi)延🔱(yan)续🐦(xu)“八🎍(ba)二🍳(er)法🏬(fa)则💄(ze)”:80%仓🕘(cang)位📒(wei)中⌚(zhong)长💚(chang)期👤(qi)配🏼(pei)置🔁(zhi)“中💹(zhong)特🐌(te)估😻(gu)”(资🖇(zi)源🗄(yuan)/公🍡(gong)用⛲(yong)事🔕(shi)业💱(ye))主🛶(zhu)线🍞(xian);20%阶♿(jie)段😎(duan)性🌈(xing)博🤷(bo)弈💣(yi)“科🕷(ke)特🙄(te)估🌬(gu)”主🌯(zhu)题🚖(ti)和🎡(he)银🛋(yin)行🖋(xing)的📐(de)反😬(fan)弹🦀(dan)机🎯(ji)会🚼(hui)。 正🍽(zheng)文🏴(wen)如🚈(ru)下🤦(xia): 2022 年👞(nian) 1 月🧢(yue)以🚐(yi)来💤(lai),“中🤲(zhong)特🌗(te)估♟(gu)”承🧥(cheng)担🐾(dan)了🤴(le)高🚈(gao)质🦓(zhi)量🦗(liang)发👃(fa)展🌱(zhan)以🌛(yi)及🎳(ji)“加🥝(jia)快🧡(kuai)建🛤(jian)设❇(she)世🎇(shi)界🏉(jie)一🎳(yi)流📼(liu)企🧐(qi)业⏰(ye)”等🌷(deng)重🌭(zhong)大🔕(da)任🏴(ren)务🛫(wu),承🚍(cheng)担🈲(dan)了🥓(le)高🍦(gao)水🚴(shui)平💯(ping)安✊(an)全🥎(quan)在🥨(zai)稳🥓(wen)就👼(jiu)业💎(ye)、保📄(bao)民🆑(min)生🏔(sheng)、保😾(bao)能⬜(neng)源🛄(yuan)、保🚜(bao)粮🎈(liang)食🏠(shi)、保🤸(bao)战🗜(zhan)力🌊(li)等🚯(deng)领🥊(ling)域😐(yu)的😤(de)重😌(zhong)要🍠(yao)责🗺(ze)任🦅(ren),而🤷(er)研🏩(yan)究🏭(jiu)和🅾(he)探😫(tan)讨😞(tao)建🍳(jian)立🙊(li)“科🏈(ke)特🐧(te)估🗜(gu)”体🛃(ti)系🥅(xi),是🎒(shi)发📱(fa)展➿(zhan)新🚍(xin)质✂(zhi)生😣(sheng)产💐(chan)力💕(li)、推🔚(tui)动🗃(dong)高🐿(gao)水😘(shui)平🤳(ping)科📤(ke)技❄(ji)自😺(zi)立🔒(li)自🎭(zi)强🐅(qiang)战🦗(zhan)略👃(lve)的😖(de)必📺(bi)然😓(ran)要🥍(yao)求👘(qiu)。 1.1 “科📃(ke)特💔(te)估🍰(gu)”和📫(he)“中⛪(zhong)特🗃(te)估⏹(gu)”都🐧(dou)是🤭(shi)重🤼(zhong)估🥠(gu)中⬅(zhong)国👱(guo)优♿(you)势🔢(shi)的📭(de)“安👁(an)全🎌(quan)资🦓(zi)产👣(chan)” 我🧓(wo)们📩(men)在🚌(zai)去😿(qu)年📟(nian) 6.18《大🦊(da)安🦄(an)全😼(quan)当🔦(dang)立🎓(li)》中🔀(zhong)明💷(ming)确🎿(que)指🍎(zhi)出📸(chu):“中💝(zhong)特🐔(te)估👶(gu)”是🚯(shi)资🌞(zi)源🛋(yuan)和🐮(he)泛🔺(fan)公🏾(gong)用🈹(yong)事🥍(shi)业🛴(ye)等⏹(deng)中💟(zhong)国💑(guo)优📡(you)势🕣(shi)“安🎨(an)全👖(quan)资🥞(zi)产🔵(chan)”的🦆(de)涨🍑(zhang)价😗(jia)重🗓(zhong)估🧘(gu)。同🚱(tong)样🔭(yang)的⛷(de),以🌭(yi) AI 为🙈(wei)代🚖(dai)表🏯(biao)的🎉(de)前🌒(qian)沿🤖(yan)科🍠(ke)技📜(ji),能💆(neng)够🌲(gou)带🐆(dai)来🚫(lai)中🙃(zhong)美🐩(mei)底⛪(di)层👱(ceng)经📴(jing)济🍒(ji)效😧(xiao)率🔡(lv)代🛴(dai)差〽(cha),也🔶(ye)是🍕(shi)需🍑(xu)要🛷(yao)重🏣(zhong)估🌗(gu)的😒(de)“安📃(an)全🎍(quan)资⛩(zi)产💚(chan)”。逆🥠(ni)全🚂(quan)球🔅(qiu)化💣(hua)的🤧(de)大😈(da)趋🆘(qu)势🔩(shi)下♎(xia),“中🈶(zhong)特🏚(te)估📶(gu)”有👿(you)助⚓(zhu)于🍹(yu)加🅱(jia)速🔉(su)土👻(tu)地🏒(di)财⚪(cai)政🚯(zheng)转🖐(zhuan)向🔜(xiang)要😧(yao)素📺(su)财⚫(cai)政🔉(zheng)(股💘(gu)权🌆(quan)财🎎(cai)政🔗(zheng)),能🏹(neng)够🧛(gou)夯🛎(hang)实🍂(shi)“科🥍(ke)特🐆(te)估🎂(gu)” 基🐣(ji)础⛔(chu)工🎀(gong)业🔑(ye)门👬(men)类🈯(lei)财🕴(cai)政🌼(zheng)补🕵(bu)贴🥋(tie)的📕(de)基🔜(ji)础🔔(chu);而👎(er)“科🔽(ke)特🙅(te)估🥖(gu)”有🥎(you)助🔅(zhu)于🌦(yu)改➖(gai)善📑(shan) AI 等💷(deng)前🍀(qian)沿🧗(yan)科🐥(ke)技📮(ji)的🥘(de)融💌(rong)资🐼(zi)可⛹(ke)得🕖(de)性🐜(xing),加♐(jia)速🍽(su)新🚯(xin)质🚐(zhi)生👈(sheng)产🚳(chan)力🌰(li)转🈂(zhuan)型🧟(xing)升🎩(sheng)级💣(ji),能⏹(neng)够💫(gou)实🛍(shi)现👐(xian)中🚟(zhong)国📩(guo)优🉐(you)势💚(shi)“安👾(an)全🦖(quan)资🤐(zi)产📢(chan)”重🙄(zhong)估😺(gu)的🐐(de)目🎧(mu)的🚔(de)。 因🍖(yin)此🚳(ci),我🤩(wo)们🚋(men)在💋(zai) 3.10《科🍠(ke)特🎣(te)估💘(gu):新🎡(xin)质🏢(zhi)生🌊(sheng)产🗝(chan)力🔢(li),突🏪(tu)围🍓(wei)》及♟(ji) 6.10《科🥡(ke)特😗(te)估💎(gu):憧〰(chong)憬⛄(jing)与♿(yu)现👚(xian)实💦(shi)》中🌉(zhong)强💢(qiang)调🤯(tiao),在🏕(zai)“中🌊(zhong)特🧠(te)估👪(gu)”的💣(de)涨🚎(zhang)价👚(jia)重💺(zhong)估😐(gu)行🤮(xing)情🍴(qing)以🈂(yi)后🏕(hou),“科👵(ke)特🛄(te)估🛢(gu)”行😔(xing)情🔆(qing)将🚠(jiang)相🐧(xiang)伴🎺(ban)而😴(er)生🐋(sheng)。 不💴(bu)过💦(guo),“科🌥(ke)特🔫(te)估🌑(gu)”与💨(yu)“中🛰(zhong)特🍷(te)估📃(gu)”在💤(zai)基🐏(ji)本🙌(ben)面🛂(mian)、投🌀(tou)资🤱(zi)者📲(zhe)结🦈(jie)构🔐(gou)、流🐞(liu)动🐿(dong)性🍌(xing)锚📱(mao)点👎(dian)方🦍(fang)面🔏(mian)存⤵(cun)在🍲(zai) 3 大♊(da)差🚡(cha)异🗒(yi),“科🎫(ke)特🅾(te)估👔(gu)”行📐(xing)情🔓(qing)的🐄(de)节🏼(jie)奏🎈(zou)和📙(he)结🏺(jie)构🔽(gou),不🤯(bu)会👘(hui)是㊙(shi)“中🌋(zhong)特🔈(te)估🏮(gu)”的👗(de)简🕡(jian)单🔆(dan)重🐋(zhong)复🐟(fu)。 1.2 差🔯(cha)异👐(yi)一🌝(yi)(基💻(ji)本🕳(ben)面📨(mian)):“中🚃(zhong)特❗(te)估⬜(gu)”有⏬(you)业🚴(ye)绩🐸(ji)支🚇(zhi)撑🌎(cheng),“科🤘(ke)特🚌(te)估🎤(gu)”业🤯(ye)绩🖖(ji)兑🕡(dui)现🤽(xian)周🚷(zhou)期🏭(qi)较👚(jiao)长😛(chang) “中🍄(zhong)特🍒(te)估😳(gu)”有🎈(you)业🛹(ye)绩🏖(ji):泛🕧(fan)公🧥(gong)用😣(yong)事🛳(shi)业⛩(ye)部🌦(bu)门⛴(men)(水💇(shui)/电⛷(dian)/燃🛃(ran)气🔁(qi)/交🍤(jiao)运🕟(yun)/通🈸(tong)信🗄(xin)等🧚(deng))“涨🐺(zhang)价🐮(jia)重🐰(zhong)估🚦(gu)”。 我🃏(wo)们🎇(men)在🍨(zai)去🤢(qu)年🕦(nian)以😍(yi)来🚖(lai)的🌮(de)多🛏(duo)篇❔(pian)报🤤(bao)告📆(gao)中🕗(zhong)反🔡(fan)复📂(fu)提👜(ti)示✋(shi):地🥖(di)产🔑(chan)周😵(zhou)期🧝(qi)下🉐(xia)行🈂(xing),土🦐(tu)地🕢(di)财📄(cai)政📷(zheng)收⭕(shou)入🔷(ru)回😹(hui)落🌙(luo),以🔻(yi)前🌋(qian)依👰(yi)赖🕘(lai)财🔺(cai)政👦(zheng)补🐄(bu)贴🍅(tie)的🦑(de)央🌻(yang)国🌮(guo)企🏭(qi)泛⏹(fan)公🚺(gong)用🤵(yong)事🔴(shi)业🍀(ye)部🏟(bu)门♟(men),在❌(zai)拿🚹(na)不〰(bu)到🕒(dao)那🚺(na)么🧘(me)多🎚(duo)补🔗(bu)贴🔶(tie)后🍯(hou),将🚔(jiang)会🌁(hui)供👎(gong)给💉(gei)出🛡(chu)清💮(qing)→供🈶(gong)给🕰(gei)曲🕢(qu)线🏮(xian)左🖥(zuo)移💪(yi)→形🥑(xing)成👤(cheng)新🤡(xin)的🏓(de)价🎖(jia)格👱(ge)均🍸(jun)衡🏛(heng)。“涨🛴(zhang)价🗣(jia)重🚯(zhong)估😛(gu)”能📘(neng)够🔗(gou)立➿(li)竿🎲(gan)见💎(jian)影🆖(ying)改🦆(gai)善🌓(shan)泛🕥(fan)公🤣(gong)用🛏(yong)事🔣(shi)业📖(ye)等⛏(deng)“中💨(zhong)特🌌(te)估✳(gu)”行🎹(xing)业🦓(ye)的🌆(de)盈🐎(ying)利👖(li)能🎿(neng)力🥣(li)。 “科❤(ke)特🏻(te)估🚴(gu)”聚🚭(ju)焦👪(jiao)挖🌮(wa)掘🕎(jue)新🔋(xin)质😷(zhi)生💚(sheng)产🕳(chan)力🦊(li)的📔(de)潜🐺(qian)在💴(zai)价💯(jia)值🈚(zhi),短🎰(duan)期🥜(qi)较🎢(jiao)难😁(nan)有➿(you)系🈶(xi)统🛴(tong)性🚻(xing)的🌻(de)业🛁(ye)绩🤷(ji)支🌸(zhi)撑🔚(cheng)19nian 🎇(nian)kai 🐮(kai)shi 🎙(shi)de ♑(de)mei 🐃(mei)guo 😒(guo)dui 🐖(dui)hua 🦕(hua)ke 🚼(ke)ji ♿(ji)feng 🚹(feng)suo 🏕(suo),dao 🐞(dao)zhi 🛸(zhi)zhong 🥇(zhong)guo 😹(guo)yi 🃏(yi)ban 📉(ban)dao 💱(dao)ti 〽(ti)wei ☔(wei)dai 🍙(dai)biao 🎢(biao)de 📋(de)ke 🍄(ke)ji 🦗(ji)gu 🛫(gu),gu 🉑(gu)zhi 🍡(zhi)chu ✖(chu)xian 🎰(xian)ming 😀(ming)xian 🎈(xian)hui 🏮(hui)che 📖(che)。“ke 💈(ke)te 🕊(te)gu 📅(gu)”you ⛸(you)xian 👾(xian)xiu ♊(xiu)fu ⛑(fu)zhong 📖(zhong)guo 📖(guo)ke 💒(ke)ji 💱(ji)zhi 💮(zhi)zao 🎥(zao)ye 👧(ye)de 🦔(de)gu 🕠(gu)zhi 🚕(zhi)shui ⬇(shui)ping 🐙(ping)he 😿(he)rong 🔹(rong)zi 😵(zi)ke 📎(ke)de 🎲(de)xing 🏕(xing),ran 👍(ran)hou ⛎(hou)zai 🛣(zai)tong 🚃(tong)guo 🗞(guo)chi 🦒(chi)xu 🦒(xu)yan 💪(yan)fa 🏙(fa)shi 🚠(shi)xian 🖕(xian)ji 🚄(ji)shu 🍭(shu)tu 🎨(tu)po 🛴(po)he 🤺(he)yao 👱(yao)su 🏎(su)sheng 💶(sheng)chan 📁(chan)lv 🌉(lv)ti 🃏(ti)gao 📺(gao),zui 🔖(zui)hou 🎈(hou)cai 😾(cai)neng 🍤(neng)shi 🏤(shi)xian ♌(xian)xi 🍂(xi)tong 🔍(tong)xing 📌(xing)de 🗿(de)ye 🖋(ye)ji 👍(ji)dui 🌠(dui)xian 🥘(xian)。 1.3 cha 📀(cha)yi 🍨(yi)er 🍽(er)(tou 📥(tou)zi 🗨(zi)zhe 😦(zhe)jie 😒(jie)gou 🍄(gou)):“zhong 👐(zhong)te 🕌(te)gu ⚽(gu)”xian 🏂(xian)zi 👯(zi)wei 😭(wei)zhu 😦(zhu),“ke 💿(ke)te 🗼(te)gu 🌇(gu)”gong 🐨(gong)mu 🦇(mu)zhan 🕝(zhan)you 🥜(you) bao 👇(bao)xian 🍔(xian)gong 🌱(gong)si 🅿(si)he 🆖(he)she 🕌(she)bao 🕢(bao)ji 🔒(ji)jin 🔉(jin)de 🍦(de)qian 🐟(qian)shi 🥅(shi)da 🚯(da)zhong 🎚(zhong)cang 🐫(cang)xing 🔏(xing)ye 🌔(ye)zhong 👿(zhong),yi 🚃(yi)zi ⏺(zi)yuan 🍌(yuan)he 🛐(he)fan 🎮(fan)gong 🏓(gong)yong 🈶(yong)shi 🈚(shi)ye ⛅(ye)deng 🥋(deng)“zhong 🏛(zhong)te 👢(te)gu 📘(gu)”xiang 🐌(xiang)guan 🔌(guan)xing 📡(xing)ye 🎓(ye)wei 🆒(wei)zhu 🏙(zhu)(xia 🐇(xia)tu ♍(tu) 3)。zhe 😘(zhe)xie 🎢(xie)pei 🤨(pei)zhi ⤵(zhi)xing 🍑(xing)zi 💾(zi)jin ❕(jin)de 💭(de)chi 🖲(chi)you 🚺(you)zhou 🍨(zhou)qi 🔲(qi)xiang 🔜(xiang)dui 🏣(dui)jiao 😖(jiao)chang 💧(chang),yin 🍏(yin)ci 🌕(ci)zai 🥄(zai)“zhong 👮(zhong)te 💳(te)gu 🔗(gu)” zhong 🕸(zhong)chang 🦎(chang)qi 🧔(qi)“zhang 💩(zhang)jia 👛(jia)zhong ⛰(zhong)gu 🔷(gu)”jin 🥚(jin)cheng 🐾(cheng)zhong 📠(zhong),xing 🥃(xing)qing 🐵(qing)bo 🔍(bo)dong 🍳(dong)lv 👴(lv)xiang 🚙(xiang)dui 👊(dui)jiao 🥥(jiao)xiao 🗃(xiao),shi 🏠(shi)he 💮(he)zuo 📛(zuo)wei 😃(wei)chang 🔗(chang)qi ✳(qi)pei 🔎(pei)zhi ⛔(zhi)de 😛(de)zhu 🃏(zhu)xian 🃏(xian)。 er 😔(er)“ke 📪(ke)te 🔢(te)gu 🍷(gu)”ze 🥠(ze)shi ⛽(shi)gong ✨(gong)mu 🤙(mu)、wai 🧕(wai)zi 👙(zi)jiao 🌱(jiao)yi ❣(yi)pan 👏(pan)、you ⭕(you)zi 🏞(zi)、san 🌝(san)hu 🎽(hu)deng 🔼(deng)jiao 🏔(jiao)yi 🏔(yi)xing 🛫(xing)zi 🔝(zi)jin 😀(jin)can 🌕(can)yu 🛒(yu)jiao 🎛(jiao)duo 📔(duo),li 🔇(li)shi 🍕(shi)jing 📞(jing)yan 💘(yan)ye 🤹(ye)biao 🗻(biao)ming 📒(ming)ke 🗃(ke)ji 🍋(ji)gu 💻(gu)zou 📥(zou)shi 🍪(shi)shou 🐓(shou)gong ⚡(gong)mu 🌓(mu)he ⏸(he)wai 🛣(wai)zi 👏(zi)jiao 🔸(jiao)yi 👟(yi)pan 🎾(pan)de 🧡(de)ying 🎩(ying)xiang 🚑(xiang)geng 🥎(geng)da 🚇(da)。yin 🚙(yin)ci 🍊(ci)wo 🐕(wo)men 🤙(men)yu 🌔(yu)ji 🍿(ji)“ke 🤗(ke)te 🈷(te)gu ⛩(gu)” xian 🏍(xian)jie 🔯(jie)duan 🤒(duan)de 🖐(de)fan 🐴(fan)dan 🔟(dan)xing 🔍(xing)qing 🏘(qing),mu ❕(mu)qian 👔(qian)reng 🕷(reng)shi 🍞(shi)he 🐱(he)zuo 🕷(zuo)wei 😘(wei)duan 👟(duan)qi 🚬(qi)jiao 💔(jiao)yi 🚹(yi)de 🈷(de)zhu 📨(zhu)ti 🕢(ti)。 1.4 cha 🕠(cha)yi 🐇(yi)san 🔡(san)(liu 🏵(liu)dong ⛽(dong)xing 🏾(xing)mao 🏼(mao)dian 🍺(dian)):“zhong 🌨(zhong)te 👴(te)gu ♿(gu)”mao 🕴(mao)ding 💮(ding)guo 🤗(guo)nei 🧞(nei)liu 👠(liu)dong 🤱(dong)xing 📖(xing),“ke 💡(ke)te 👠(te)gu 🦏(gu)”xian 🚎(xian)jie 🕣(jie)duan 🙃(duan)reng ⛩(reng)mao 👃(mao)ding 🐷(ding)hai 👈(hai)wai 🏥(wai)liu ⏱(liu)dong 📕(dong)xing 🕋(xing) “zhong 🎶(zhong)te 🦗(te)gu 🕧(gu)”xing 📹(xing)qing 💹(qing)he ⏹(he) 10 nian 💯(nian)qi ✔(qi)guo 💢(guo)zhai 💑(zhai)li 😊(li)lv 🚿(lv)gao 🐰(gao)du 🕝(du)fu ➡(fu)xiang 🧑(xiang)guan 😱(guan),22 nian ➡(nian)mo 🏴(mo)yi 🍕(yi)lai 🏜(lai)guo 💜(guo)zhai 📨(zhai)li 🥅(li)lv 💩(lv)chi 🏪(chi)xu 🕌(xu)hui 🖌(hui)luo 🤷(luo),dai 👯(dai)lai 🎚(lai)“zhong 🎍(zhong)te 🙍(te)gu 📩(gu)”zhong 🔠(zhong)chang 🐪(chang)qi 👥(qi)de 💭(de)pei 🥏(pei)zhi 🗼(zhi)jia 👎(jia)zhi 💁(zhi)。“zhong 🤙(zhong)te 😫(te)gu 🔳(gu)”xiang 🐎(xiang)guan 🚳(guan)de 💺(de)zi 🥤(zi)yuan 🏒(yuan)he 🐇(he)fan 🍻(fan)gong 🕺(gong)yong 🐁(yong)shi 🍝(shi)ye 🏞(ye)bu 🆖(bu)men 🎞(men),pu 🐙(pu)bian 🥑(bian)cun 🏒(cun)zai 🏼(zai)“gao 🕤(gao)gu 🛀(gu)xi 🌺(xi)”de 📈(de)te 🎅(te)zheng 🌫(zheng),di 🐭(di)chan 🍍(chan)zhou 🤶(zhou)qi ⏬(qi)zhong 🦊(zhong)shu 🐢(shu)xia 🆚(xia)yi 🙍(yi),dai 💧(dai)lai 🤨(lai) 10 nian 🌒(nian)qi 🔫(qi)guo 🦊(guo)zhai ㊗(zhai)li 🛃(li)lv 🏅(lv)qu 🐝(qu)shi 🛡(shi)xing 🏸(xing)hui 🎏(hui)luo 🍄(luo),yi ⚾(yi)ji ❓(ji)guo 🙉(guo)nei 📋(nei)zi 📿(zi)ben 🏛(ben)shi 🍔(shi)chang 🈚(chang)de 🍍(de)“zi 🥨(zi)chan 🐆(chan)huang 🐇(huang)”,gong 🏭(gong)tong 🕔(tong)fu 🈂(fu)yu 🗂(yu)le 🏂(le)“gao 🕑(gao)gu 🤕(gu)xi 🙌(xi)”te 🐋(te)zheng 🤲(zheng)de 🔻(de)“zhong 🕴(zhong)te 👥(te)gu 👿(gu)”zhong 🔓(zhong)chang 🛥(chang)qi 📵(qi)de 🔵(de)pei 🏑(pei)zhi 📇(zhi)jia 🔖(jia)zhi 📇(zhi)。 “ke ⭐(ke)te 🌂(te)gu 🌌(gu)”xing 📠(xing)qing 🎂(qing)he 💅(he) 10 nian 🐥(nian)qi 📈(qi)mei 😏(mei)zhai 🏗(zhai)li 🌪(li)lv ✉(lv)gao 🦗(gao)du 🚬(du)fu 🔼(fu)xiang 🦓(xiang)guan 🍷(guan),xing 💮(xing)qing 🍆(qing)chi 🎌(chi)xu 🚢(xu)xing 🔷(xing)ye 🔱(ye)xu 🚣(xu)guan 🍟(guan)zhu 🗼(zhu)mei 👱(mei)lian 🐲(lian)chu 🧠(chu)jiang 🍆(jiang)xi 🚅(xi)zhou 🎳(zhou)qi 🏾(qi)he 🐇(he)shi ⚾(shi)qi 🦒(qi)dong ✳(dong)。16 nian 🔴(nian)yi 🦊(yi)lai 🐈(lai)de 🖥(de)jing ⏰(jing)yan 🀄(yan)shu ⚪(shu)ju 🤛(ju)xian ♒(xian)shi 🍛(shi):zai 🍧(zai)mei 💉(mei)lian 🏾(lian)chu 🗼(chu)jiang 🎻(jiang)xi ㊙(xi)zhou 😓(zhou)qi 🤡(qi)zhong ⛄(zhong),zhong 🎓(zhong)guo 💋(guo)ke 🐇(ke)ji 📚(ji)gu 🔤(gu)xing 🐪(xing)qing 🤟(qing)he 📎(he) 10 nian 🎷(nian)qi 🍬(qi)guo 🥚(guo)zhai 🤭(zhai)li ♒(li)lv 😇(lv)gao 🚢(gao)du 😊(du)fu 🙊(fu)xiang 🎫(xiang)guan 🐸(guan);er 😏(er)zai 🥐(zai)mei 🈺(mei)lian 🐼(lian)chu 👁(chu)jia 🤳(jia)xi 🍘(xi)zhou 💜(zhou)qi 🐨(qi)zhong 💘(zhong),zhong 🤨(zhong)guo 👇(guo)ke 🔓(ke)ji 🌴(ji)gu 🧀(gu)xing 📏(xing)qing 🐎(qing)he 💰(he) 10 nian 🎮(nian)qi 🗒(qi)mei ⛺(mei)zhai 😺(zhai)li ♈(li)lv 🚃(lv)gao 🚌(gao)du 😙(du)fu 🖨(fu)xiang ♎(xiang)guan 🐛(guan)(xia 🤷(xia)tu 🥫(tu) 7)。yin 👻(yin)ci 📄(ci),zai 🏞(zai)mei 🕚(mei)lian 🏼(lian)chu 🤨(chu)de 🗄(de)jiang 🧠(jiang)xi ✖(xi)zhou 📦(zhou)qi 🚪(qi)ming 🗝(ming)que 🚢(que)qi 🕍(qi)dong 🔯(dong)zhi 🐸(zhi)qian 🥛(qian),“ke 📁(ke)te ⏳(te)gu 💗(gu)”xing 🕙(xing)qing ➡(qing)reng ✝(reng)shi 🅱(shi)zheng 😓(zheng)ce 🆎(ce)he 🦎(he)mei 💶(mei)zhai 📄(zhai)liu 🍖(liu)dong 🎳(dong)xing 🚝(xing)qu 🍒(qu)dong 🖱(dong)de 🏨(de)jie 🚯(jie)duan 😪(duan)xing ⏲(xing)jiao 💋(jiao)yi 🐆(yi)de 🌿(de)zhu 🤷(zhu)ti 🐢(ti)。 1.5 “ke 🐴(ke)te 🙇(te)gu 🥤(gu)”tou 🖇(tou)zi 🥓(zi)jie 🆘(jie)zou 🛤(zou):zai 🍮(zai)mei 😘(mei)lian 🏑(lian)chu ✊(chu)jiang 🚌(jiang)xi 🌵(xi)zhi 🌠(zhi)qian 🎽(qian),reng 📷(reng)shi 🚂(shi)zheng ⚡(zheng)ce 🥥(ce)qu 📫(qu)dong 🌩(dong)de 🌐(de)zhu ❣(zhu)ti 🤥(ti)tou 🌚(tou)zi 🤗(zi) zai ⬛(zai)mei 🍒(mei)lian 🔇(lian)chu 🎳(chu)jiang 🅿(jiang)xi 😸(xi)que 💈(que)li 🏀(li)zhi 👜(zhi)qian ⛳(qian),“ke 👵(ke)te 🕧(te)gu 🛬(gu)”reng 🎆(reng)shi ⏰(shi)jie 🚺(jie)duan 👖(duan)xing 🔑(xing)de 💶(de)jiao 🐓(jiao)yi 🔋(yi)ji 🙂(ji)hui 🧖(hui);zai 🐽(zai)mei 🏏(mei)lian 📗(lian)chu 🔸(chu)jiang 🚯(jiang)xi ⛎(xi)que 🧥(que)li ✡(li)zhi ♉(zhi)hou 🕹(hou),“ke 🕷(ke)te 🖥(te)gu 🚞(gu)”cai 💬(cai)hui 😸(hui)ying 🔏(ying)lai 🤸(lai)qu 👷(qu)shi 🔩(shi)xing 🍝(xing)de 🧛(de)pei 🍫(pei)zhi 📈(zhi)chuang 🛺(chuang)kou 📛(kou)。wo 💽(wo)men 👸(men)zai 🍰(zai) 6.2《mei 🤳(mei)lian 😸(lian)chu 😧(chu)hui 📆(hui)jiang ⏸(jiang)xi 🏤(xi)ma 🌐(ma)?》zhong 〽(zhong),fu 😽(fu)pan 🍼(pan)guo 🥗(guo)qu 🎭(qu) 30 nian ☕(nian)he 🌜(he)guo Ⓜ(guo)qu 🐿(qu) 100 nian 🍀(nian)de 🚱(de)jing 👈(jing)yan ⛪(yan)xian 🎳(xian)shi 🚖(shi):mei 🦈(mei)lian 🦖(lian)chu 🗽(chu)jiang 🌥(jiang)xi 🖊(xi)zhou 🔣(zhou)qi 💖(qi)qi 🌇(qi)dong 🌅(dong)zhi 👊(zhi)qian ⏹(qian),quan 🛰(quan)qiu 🐶(qiu)yi 🖐(yi)ban 🐂(ban)dou 😢(dou)hui 🤾(hui)bao 🌟(bao)fa 🛋(fa)zhong 💍(zhong)da 👸(da)ji 🎰(ji)bie 🌬(bie)de 🐭(de)jin ✈(jin)rong 🆖(rong)feng ✋(feng)xian 😩(xian)。mei 📍(mei)lian ⛲(lian)chu 🍖(chu)zai 💑(zai) 98 nian 🦖(nian)jiang 🏆(jiang)xi 🧓(xi)zhi 🥂(zhi)qian 👡(qian),97 nian 📵(nian)bao 😴(bao)fa 🥇(fa)ya 👧(ya)zhou 📇(zhou)jin 🤗(jin)rong 👚(rong)wei 🐬(wei)ji 📤(ji);01 nian 💖(nian)jiang 🎳(jiang)xi 🔊(xi)zhi 👉(zhi)qian 🐪(qian),2000 nian 🐩(nian)quan 📶(quan)qiu 🐚(qiu)ke 👊(ke)wang 🐣(wang)pao 😲(pao)mo 🍩(mo)po 🐒(po)mie 🐽(mie);08 nian 🤬(nian)jiang 🤞(jiang)xi 🌎(xi)zhi 🦍(zhi)qian 😒(qian),08 nian 🏡(nian)mei 🏫(mei)guo 🗣(guo)ci 🧕(ci)dai 😍(dai)wei 🅿(wei)ji 🚼(ji)yun 😴(yun)niang 🏬(niang)。dang 🌛(dang)qian 💄(qian),mei 😯(mei)lian ⬅(lian)chu 😶(chu)suo 🉑(suo)biao 🐖(biao)jin ⌚(jin)cheng 💕(cheng)fang 🐮(fang)huan 😪(huan),bu ✏(bu)fen 🐬(fen)tou 🧖(tou)zi 🧖(zi)zhe 👣(zhe)jiao ⏩(jiao)de 🌅(de)jiang 😅(jiang)xi 👨(xi)zhou ⏭(zhou)qi 🧑(qi)ji ⚾(ji)jiang 👨(jiang)qi 🐑(qi)dong 🌎(dong),dan 👾(dan)wo 🤘(wo)men 🎏(men)ren 🚿(ren)wei 💚(wei):lei 🈷(lei)si 🌫(si)qu 🏔(qu)nian 💆(nian) 3 yue 👵(yue)gui ⛓(gui)gu ⬆(gu)yin 🏬(yin)xing 🔋(xing)feng 😰(feng)xian 🐟(xian)shi 😶(shi)jian 🔒(jian)hou 🙇(hou),mei ✊(mei)lian 👣(lian)chu 🖲(chu)xuan 😩(xuan)ze 💄(ze)kuo ⏺(kuo)biao 🌍(biao)er 💖(er)fei 🚁(fei)jiang 😟(jiang)xi 🌾(xi),dang 💅(dang)qian 🛋(qian)mei 📦(mei)guo 🦇(guo)yin 🐀(yin)xing 🔑(xing)ye 🐚(ye)mian 👉(mian)lin 📬(lin)“hui 🕕(hui)xi 😯(xi)niu 😴(niu)”feng 🍉(feng)xian 🥑(xian),mei 👸(mei)lian 🏚(lian)chu 👤(chu)fang 😝(fang)huan 😜(huan)suo 🐄(suo)biao 🆕(biao),fan 👨(fan)er 🛄(er)yi 🍊(yi)wei 🚵(wei)zhe 🚌(zhe)duan 🏧(duan)qi 😠(qi)nei ⏫(nei)bu 🈂(bu)hui 💧(hui)jiang 🕜(jiang)xi 👵(xi)。 1.6 “ke ➰(ke)te 🗿(te)gu 🕌(gu)”tou 🥙(tou)zi 🌗(zi)jie ♟(jie)gou 💇(gou):ju 🛎(ju)ji 📛(ji) AI deng 🔷(deng)xin 🚧(xin)zhi 🦌(zhi)sheng 🤢(sheng)chan 🌧(chan)li 🎖(li)sheng 🏻(sheng)ji 🚍(ji)fang 💦(fang)xiang 🦔(xiang)de 🆗(de)“xian 🐤(xian)jin 🍍(jin)zhi 🥜(zhi)zao 👎(zao)” wo 🕛(wo)men 🐼(men)zai 🐣(zai)zhi 💲(zhi)qian 🌴(qian)de 😶(de)liang 💼(liang)pian ♐(pian)bao 🏇(bao)gao 🦋(gao)zhong 🛃(zhong),jiang 🤛(jiang)xin 👒(xin)zhi 🕌(zhi)sheng 🌈(sheng)chan 💑(chan)li 💣(li)fen 🍾(fen)wei 🦑(wei)you ✨(you)shi 🎹(shi)zhi ⛹(zhi)zao ➿(zao)(xin ⭕(xin)neng 🌸(neng)yuan 🐶(yuan))、gao 🎱(gao)duan 🔐(duan)zi 🛐(zi)zao 🏃(zao)(ying ⌚(ying)ke 💰(ke)ji 🚕(ji))he 💌(he)xian 🥎(xian)jin 👬(jin)zhi 🚞(zhi)zao ✈(zao)(AI deng 🏡(deng)qian 📊(qian)yan ✊(yan)ke 😑(ke)ji 🚅(ji))。19 nian 🚝(nian)mei ⛺(mei)guo 💺(guo)dui ⚽(dui)hua 🏼(hua)ke 💰(ke)ji 🕺(ji)feng ❤(feng)suo 🐦(suo),dao 👝(dao)zhi 👌(zhi)zhong 🈷(zhong)guo 🦆(guo)yi 🍘(yi)ban 🦎(ban)dao 🐢(dao)ti 📿(ti)wei 🚕(wei)dai 😄(dai)biao ❗(biao)de 🎭(de)ke 🌜(ke)ji 🖼(ji)zhi 🕉(zhi)zao 🌗(zao)ye 🛋(ye)de 🕡(de)xiang 🎌(xiang)dui 🐔(dui)gu 😇(gu)zhi 🆖(zhi)chu 🚝(chu)xian ⛸(xian)ming 🚎(ming)xian 🙂(xian)hui 🏘(hui)che 🈹(che)。zai 🔈(zai) 3 lei 🚛(lei)xin 🚢(xin)zhi 📓(zhi)sheng 🔺(sheng)chan 👉(chan)li ✨(li)zhong 🏢(zhong),“xian 🦈(xian)jin 📏(jin)zhi 🌧(zhi)zao ✨(zao)”de 💔(de) PB-ROE xiang 🛃(xiang)dui 🎯(dui)mei 🗑(mei)guo 🖖(guo)cun ⏺(cun)zai 🌬(zai)ming 😀(ming)xian 😛(xian)di ⏳(di)gu 💩(gu),qie 🈂(qie)rong 🏴(rong)zi 😀(zi)xu 🚢(xu)qiu 🐉(qiu)ye ⏩(ye)geng 🥅(geng)jia ⬜(jia)wang 🌴(wang)sheng 🍅(sheng)。wo 👌(wo)men 🔳(men)pan 🚓(pan)duan 💚(duan): “xian 🍛(xian)jin 💶(jin)zhi 🏮(zhi)zao 🐋(zao)”ji 👩(ji)xu 🎫(xu)xiu 😡(xiu)fu 🌍(fu)gu 🙁(gu)zhi 👄(zhi)shui 🔤(shui)ping 🚙(ping),gai 🔵(gai)shan 🐂(shan)rong 🕴(rong)zi 🧢(zi)ke 🥑(ke)de 🍛(de)xing 🌦(xing),you 📳(you)wang 🍏(wang)cheng 🐻(cheng)wei 🌂(wei)“ke 🔟(ke)te 🐕(te)gu 🎻(gu)”de 🐋(de)zhong 😂(zhong)yao 😈(yao)fang 🥇(fang)xiang 🚶(xiang)。 AI wei ⏲(wei)dai 🌖(dai)biao 🔤(biao)de Ⓜ(de)“xian ⏪(xian)jin 🎢(jin)zhi 🤔(zhi)zao 🏀(zao)”,zhu 🦂(zhu)yao ⛰(yao)shi ❄(shi)mian 🏏(mian)xiang ♎(xiang)wei 🎉(wei)lai 🚔(lai)de 👁(de)qian 🕧(qian)yan 🌅(yan)ke 👮(ke)ji ⌚(ji),yu 🥜(yu)“wei 😎(wei)lai 🎇(lai)chan 🐘(chan)ye 🚃(ye)”gao 📫(gao)du 🐅(du)zhong 🔘(zhong)he 🆙(he)。1.29 gong 🙀(gong)xin 🍎(xin)bu 🗾(bu)deng 🛴(deng)qi ♋(qi)bu 🏤(bu)men 💐(men)lian 🧠(lian)he 🚴(he)fa 🍒(fa)bu 🥘(bu)《guan 🛋(guan)yu ⏰(yu)tui 🏑(tui)dong 🎁(dong)wei 🤵(wei)lai 🔶(lai)chan 🔚(chan)ye 📌(ye)chuang 🍳(chuang)xin 🍇(xin)fa 🥪(fa)zhan 🚄(zhan)de 🏭(de)shi 🌗(shi)shi 🔖(shi)yi 😟(yi)jian 🔌(jian)》,dui 🛩(dui)“wei 🙎(wei)lai 🍨(lai)chan 🛁(chan)ye 🌏(ye)”de 🥧(de)fang 💴(fang)xiang 🔒(xiang)gei 🐎(gei)chu 🕉(chu)le ⛔(le)zhi 🚷(zhi)yin 🕎(yin),han 🤘(han)gai 🥄(gai)liu 🔹(liu)da 🛁(da)fang ✊(fang)xiang ❗(xiang),fen 🕸(fen)bie ⭕(bie)lie 🌴(lie)ju 🎻(ju)le 🤙(le)zhong 🐤(zhong)dian ♉(dian)fa 🗺(fa)zhan 🧕(zhan)ji 🧢(ji)shu 🤘(shu)he 🚇(he)chuang 🎍(chuang)xin 😯(xin)biao 🛳(biao)zhi 🎐(zhi)xing 🐾(xing)chan 💁(chan)pin ☕(pin)。quan 🏨(quan)qiu 🤹(qiu)bi 📥(bi)jiao ❇(jiao)lai 🗻(lai)kan 🥍(kan),dang 🦓(dang)qian 🎢(qian)zhong 🍗(zhong)guo 🚆(guo)duo 🎈(duo)shu 😸(shu)“wei 📆(wei)lai ⛎(lai)chan 🥀(chan)ye 💼(ye)”de 🐣(de) PB、PS gu 👿(gu)zhi 🛳(zhi)dou 🎓(dou)you 📐(you)hen ✳(hen)da 👱(da)de 👾(de)tai 🛅(tai)sheng 🗜(sheng)kong 🍇(kong)jian 🗓(jian),qi 🤾(qi)zhong 🔹(zhong):zhi 🔁(zhi)suan 🌕(suan)zhong 🚯(zhong)xin 😦(xin)、ren 📴(ren)xing 💘(xing)ji 🖼(ji)qi 💳(qi)ren 🍊(ren)deng 💍(deng)gu 🎳(gu)zhi 🐑(zhi)ti 😍(ti)sheng 🕥(sheng)kong 🔧(kong)jian 💳(jian)jiao ⛷(jiao)da 💅(da)de 👞(de)xi 👇(xi)fen ✏(fen)ling 📩(ling)yu 🧓(yu),jiang 🚛(jiang)lai 🌩(lai)ke 🔮(ke)neng 🎭(neng)cheng ⛓(cheng)wei 🗜(wei)“ke 🚩(ke)te 🕓(te)gu 💅(gu)”xu 🛺(xu)yao 🖊(yao)zhong 🐅(zhong)dian 🧛(dian)bu 🧦(bu)ju 🅿(ju)de 🌾(de)fang 🕯(fang)xiang 🔐(xiang)。 1.7 xing 🐊(xing)ye 🙈(ye)pei 🤛(pei)zhi 📰(zhi)ji 🐰(ji)xu 🌹(xu)jian 🕚(jian)shou 🌛(shou)“ba 🚥(ba)er 🎻(er)fa 😓(fa)ze 🐧(ze)”:pei 🧛(pei)zhi 🛒(zhi)“zhong 🏪(zhong)te ⏱(te)gu 💾(gu)”,jiao 🍙(jiao)yi 🦇(yi)“ke 🔧(ke)te 🛏(te)gu ♊(gu)” ni 🥐(ni)quan 🐮(quan)qiu 🐡(qiu)hua 🍂(hua)“da 🅾(da)an 🐊(an)quan 🎤(quan)dang ⚾(dang)li 🈸(li)”,“ke 🏋(ke)te 🦆(te)gu 🗂(gu)”yu 🔚(yu)“zhong 😕(zhong)te 🥧(te)gu 🤧(gu)”dou 😋(dou)shi 😩(shi)zhong 📏(zhong)guo 😄(guo)you 🏇(you)shi 🕌(shi)de 🎏(de)“an 🈴(an)quan 🏆(quan)zi 🔔(zi)chan 🥝(chan)”zhong 🐖(zhong)gu 🐺(gu)de 🤥(de)zhong ♓(zhong)yao 🚘(yao)xian 🎖(xian)suo ✝(suo)。“zhong 🍯(zhong)te 📞(te)gu 🏈(gu)”“zhang 💌(zhang)jia 🐡(jia)zhong 😦(zhong)gu 🏅(gu)”shi 📅(shi)ji ⤵(ji)chu 📼(chu),“ke ❎(ke)te 🈹(te)gu 🧥(gu)”fa 🏟(fa)zhan 🛋(zhan)“xin ㊗(xin)zhi 🛎(zhi)sheng 👩(sheng)chan 🚇(chan)li 🏁(li)”shi 🌺(shi)mu 🚍(mu)de 🧐(de),fa 🍫(fa)hui ❗(hui)zi 🌅(zi)ben 🥥(ben)shi 💄(shi)chang 👞(chang)jia ❎(jia)zhi 🏠(zhi)fa 🗄(fa)xian 🤰(xian)he ⛑(he)zi 🦉(zi)yuan 🍫(yuan)pei 🆖(pei)zhi 🍽(zhi)gong 🏨(gong)neng 💅(neng),geng ⛰(geng)hao 📷(hao)fu 📤(fu)wu 👨(wu)shi ⛷(shi)ti 🚎(ti)jing ➗(jing)ji 🦓(ji)。dan 🥒(dan)you 😄(you)yu 🔫(yu)“ke 🌶(ke)te 💑(te)gu 🦇(gu)”zai 🥖(zai)ji 🐧(ji)ben 🐹(ben)mian 📿(mian)、tou 😀(tou)zi ➰(zi)zhe 😙(zhe)jie 🎧(jie)gou 🐝(gou)、liu 🍺(liu)dong 🎂(dong)xing 👮(xing)mao 🔲(mao)dian 🍩(dian)yu 👢(yu)“zhong ⌚(zhong)te 🌒(te)gu 🍐(gu)”cun 🤓(cun)zai ☕(zai) 3 da 📢(da)cha 🤫(cha)yi 😅(yi),“ke 💨(ke)te 🕉(te)gu 👥(gu)”xing ♉(xing)qing ❣(qing)bu ⌚(bu)hui 💼(hui)shi 🚗(shi)“zhong 🕛(zhong)te 🛣(te)gu 🐆(gu)”de ❤(de)jian ➰(jian)dan 🐻(dan)zhong 🐓(zhong)fu 😤(fu):“zhong 🔲(zhong)te 🆒(te)gu 🛴(gu)”shi 🍆(shi)ji 💁(ji)ben 🅱(ben)mian 🦊(mian)qu 🙈(qu)dong 🏞(dong)de 🚊(de)chang 🛅(chang)qi 🥍(qi)pei 🥞(pei)zhi 🧔(zhi)zhu ⛎(zhu)xian 🕴(xian),“ke 🍒(ke)te 🧣(te)gu 🤠(gu)”mu 😭(mu)qian 🎀(qian)reng 🦋(reng)shi 🚦(shi)zheng 🚢(zheng)ce 🖍(ce)he 🍁(he)liu 🚷(liu)dong 😼(dong)xing 🚮(xing)qu 🔭(qu)dong 😛(dong)de 🌕(de)duan 🏄(duan)qi 👫(qi)jiao 🏼(jiao)yi 👢(yi)zhu 🌗(zhu)ti 🚘(ti)。xing 🌻(xing)ye ❌(ye)pei ⛺(pei)zhi 🛷(zhi)ji 😏(ji)xu 🎪(xu)jian 🍓(jian)shou 🦓(shou)wo 🌽(wo)men 📞(men)cong 😡(cong)qu 🐌(qu)nian 🎌(nian) 12 yue 🧗(yue)chu 🌖(chu)kai 👉(kai)shi 👔(shi)ti 🗳(ti)shi 🐝(shi)de 🏷(de)“ba 🍦(ba)er 🚓(er)fa 🚾(fa)ze 🤩(ze)”,80%pei ⚫(pei)zhi 🗳(zhi)cang 🕘(cang)wei 😓(wei)bu 🐢(bu)bian 🎩(bian),dan 🧛(dan) 20%jiao 🏂(jiao)yi 🎸(yi)cang 👶(cang)wei 💼(wei)lve ⏩(lve)you 🎋(you)bian 🚑(bian)hua 🔊(hua)—— 80%cang 🥀(cang)wei 📑(wei)zhong 🛎(zhong)chang 🏓(chang)qi 🍾(qi)pei 🐣(pei)zhi 🤬(zhi)“zhong ♿(zhong)te 🌥(te)gu 🗽(gu)”zhu 🗻(zhu)xian 📺(xian):(1)gong 🤘(gong)gei ⏲(gei)yue 🚞(yue)shu 🎓(shu)(bu 🚽(bu)fen 💫(fen)zi 🈺(zi)yuan 🕺(yuan)):mei 🦆(mei)tan 🛳(tan)/you 🛷(you)se 🤪(se)/shi 🤬(shi)you 🆑(you);(2)xing 📕(xing)zheng 🤽(zheng)yue 🐓(yue)shu 📊(shu)(fan 😣(fan)gong 🈚(gong)yong 😌(yong)shi 🚨(shi)ye 🍬(ye)):shui 🉐(shui)wu 🕗(wu)/dian 💙(dian)li 🌤(li)/ran 📧(ran)qi 🍓(qi)/jiao 👊(jiao)yun 🙏(yun)/tong 💑(tong)xin 🆕(xin)。 20%cang 🕶(cang)wei 🏥(wei)jie 🔖(jie)duan 👸(duan)xing 🚤(xing)bo 👔(bo)yi 😌(yi)“ke 🤽(ke)te 🕌(te)gu 🏕(gu)”zhu 🌗(zhu)ti 👭(ti)yu 🤩(yu)yin 🐊(yin)xing 💖(xing)zi 🎌(zi)chan 📌(chan)zhi 📌(zhi)liang 📞(liang)xiu ♌(xiu)fu 🎭(fu):(1)“ke 📋(ke)te 🧠(te)gu 🔸(gu)”shi 🔮(shi)chang 🔛(chang)qi 🤡(qi)qu 🕉(qu)shi 🎧(shi),dan 🐜(dan)zai ⭐(zai) AI da 🥃(da)gui 💒(gui)mo 🐑(mo)suan ⛓(suan)li 🍧(li)ji 💩(ji)jian 👞(jian)luo 🛫(luo)di 😌(di)/mei 🙂(mei)lian ⏭(lian)chu 🥒(chu)jiang 🍄(jiang)xi 🍍(xi)zhou 🔊(zhou)qi ㊗(qi)qi 👝(qi)dong 😯(dong)zhi 🔯(zhi)qian 🕉(qian),reng 🔤(reng)shi 🕜(shi)zheng 😩(zheng)ce 🦂(ce)he 📉(he)liu 🔥(liu)dong 😥(dong)xing 😴(xing)qu 🌹(qu)dong 🗼(dong)de 🔩(de)zhu 🥍(zhu)ti 🔊(ti)。jian 🌮(jian)yi 👱(yi)zhong ❤(zhong)dian 🎩(dian)guan 🛩(guan)zhu 🎶(zhu)“xian 🔆(xian)jin 💦(jin)zhi 🎰(zhi)zao 🥗(zao)”(AI suan 👜(suan)li 👊(li)ji 💷(ji)jian 👅(jian)/di 🌆(di)kong 🤷(kong)jing ⬛(jing)ji 🥇(ji)/sheng 🥏(sheng)wu ✍(wu)ji 🤯(ji)shu 🐰(shu)deng 🎂(deng));(2)bao 🌼(bao)zhang 🍆(zhang)fang 🖍(fang)“shou 🚁(shou)chu 🐘(chu)”jiang 🚸(jiang)chi 🚆(chi)xu ❓(xu)tui 🦆(tui)dong 💶(dong)di ㊙(di)chan 🛥(chan)jiang 🍚(jiang)jia 🗄(jia)qu 🌬(qu)ku 📵(ku)cun 🥇(cun),yin 🌈(yin)xing 🚵(xing)de 🚐(de)gu ⏭(gu)zhi 🍜(zhi)neng 📃(neng)gou 🛡(gou)chi 🔩(chi)xu 👞(xu)xiu 📴(xiu)fu ✨(fu)zai 📹(zai)0.7 bei 🔽(bei) PB。(xiang 🦄(xiang)jian ⛄(jian) 5.19《bao 👒(bao)zhang 👿(zhang)fang 👢(fang)“shou 🐠(shou)chu 🧓(chu)”:shi 🤟(shi)jian ⛺(jian)he 😃(he)kong 🌀(kong)jian 🏎(jian)》) feng 👯(feng)xian 🦔(xian)ti 🎒(ti)shi 🎟(shi)ji 🔉(ji)mian 🌠(mian)ze 🀄(ze)tiao 🦑(tiao)kuan 🅱(kuan) shi 🤡(shi)chang 🦗(chang)you ⬇(you)feng 📮(feng)xian 📜(xian),tou 🍱(tou)zi 🐗(zi)xu 🎇(xu)jin 🛷(jin)shen 🍃(shen)。ben 🏁(ben)wen 📚(wen)bu 📟(bu)gou 🙊(gou)cheng 🤼(cheng)ge ➗(ge)ren 😟(ren)tou 💔(tou)zi 🌊(zi)jian 🏪(jian)yi 🔳(yi),ye 🌩(ye)wei 🐭(wei)kao 📏(kao)lv 🐇(lv)dao 📙(dao)ge 🥅(ge)bie 🛌(bie)yong 🎻(yong)hu 🍔(hu)te 😽(te)shu 🌈(shu)de 📆(de)tou 😃(tou)zi 🚻(zi)mu 🎒(mu)biao 🍴(biao)、cai 🅾(cai)wu ✌(wu)zhuang 🏫(zhuang)kuang 🧕(kuang)huo 🗯(huo)xu 💤(xu)yao ✴(yao)。yong 🏹(yong)hu 🀄(hu)ying 🔔(ying)kao ✳(kao)lv 🎣(lv)ben 🍺(ben)wen 🛺(wen)zhong ✉(zhong)de ❇(de)ren 🤔(ren)he 🎊(he)yi 🌤(yi)jian 💶(jian)、guan ⛵(guan)dian 🌠(dian)huo 📻(huo)jie 🎤(jie)lun 👆(lun)shi ⛵(shi)fou 💭(fou)fu 🎯(fu)he 🌵(he)qi 📓(qi)te 👰(te)ding 📱(ding)zhuang 🦋(zhuang)kuang ⏳(kuang)。ju 💒(ju)ci 🚃(ci)tou 🐌(tou)zi ⛪(zi),ze 🎡(ze)ren 🧜(ren)zi 🍹(zi)fu ⛎(fu)。