銆�3鏈�21鏃ュ彫闁嬬殑鍦嬪嫏(w霉)闄㈠父鍕�(w霉)鏈冭灏辩稖鍚堟柦绛栫┅(w臎n)瀹氬競鍫撮爯鏈�銆佷繚鎸佽硣鏈競鍫村钩绌�(w臎n)鍋ュ悍鐧�(f膩)灞曚綔鍑轰竴绯诲垪宸ヤ綔閮ㄧ讲銆傛娆℃渻璀版槸3鏈�16鏃ュ湅鍕�(w霉)闄㈤噾铻嶅灏堥鏈冭鎻愬嚭“淇濇寔璩囨湰甯傚牬骞崇┅(w臎n)閬嬭”鍚庯紝鏇撮珮灞ょ礆鏈冭灏�“淇濇寔璩囨湰甯傚牬骞崇┅(w臎n)鍋ュ悍鐧�(f膩)灞�”鐨勯儴缃�锛屽嚫椤嚭鍦嬪灏嶇董璀疯硣鏈競鍫村钩绌�(w臎n)鍋ュ悍鐧�(f膩)灞曠殑楂樺害閲嶈鑸囧爡瀹氭焙蹇�銆�
銆�銆�宸ラ妧鐟炰俊鍩洪噾瑾嶇偤锛屾娆″湅甯告渻鐨勯儴缃插欢绾�(x霉)浜嗕腑澶稉(j墨ng)婵熷伐浣滄渻璀�“浠ョ稉(j墨ng)婵熷缓瑷�(sh猫)鐐轰腑蹇�”鐨勪富鍩鸿(di脿o)锛屽緸鎴戝湅缍�(j墨ng)婵熺櫦(f膩)灞曞瑙�鎯呮硜鍑虹櫦(f膩)锛屽挤瑾�(di脿o)鐧�(f膩)灞曠稉(j墨ng)婵�銆佺董璀烽噾铻嶅競鍫寸┅(w臎n)瀹�锛屽苟寰炶波骞ｆ斂绛栥�佹斂绛栫┅(w臎n)瀹氭��銆佸競鍫村寲娉曟不鍖栧湅闅涘寲鍘熷墖銆佹彁鎸競鍫翠俊蹇�銆佺┅(w臎n)澶栬部(m脿o)绌�(w臎n)澶栬硣绛変簲鏂归潰浣滃嚭瀹夋帓锛屾湁鏁堝洖鎳�(y墨ng)浜嗗競鍫撮噸榛為棞(gu膩n)娉ㄧ殑鐒﹂粸鍟忛锛岄�蹭竴姝ユ彁鍗囦簡鏀跨瓥绌洪枔鍜屾斂绛栨瑠(qu谩n)濞佹�э紝涓诲嫊鍚戝競鍫撮噵鏀句簡绌�(w臎n)缍�(j墨ng)婵�銆佺┅(w臎n)鏀跨瓥銆佺┅(w臎n)甯傚牬銆佺┅(w臎n)闋愭湡鐨勫挤鐑堜俊铏�銆�
銆�銆�浠婂勾浠ヤ締锛屾垜鍦嬬稉(j墨ng)婵熼枊灞�鍚戝ソ锛岀浉闂�(gu膩n)閮ㄩ杸澶氱榻婁笅锛岃波骞ｆ斂绛�銆佽病鏀挎斂绛栧強鐢�(ch菐n)妤�(y猫)鏀跨瓥鎸佺簩(x霉)鐧�(f膩)鍔�锛屽彇寰椾簡涓�瀹氭垚鏁�銆�1鍒�2鏈堝浐瀹氳硣鐢�(ch菐n)鎶曡硣銆佸伐妤�(y猫)鐢熺敘(ch菐n)銆佸嚭鍙ｇ瓑缍�(j墨ng)婵熸暩(sh霉)鎿�(j霉)铏曚簬骞崇┅(w臎n)鍚戜笂鍗�(q奴)闁�锛孉鑲′富瑕佸鍩烘寚鏁�(sh霉)浼板�艰檿浜庡悎鐞嗘按骞�锛屼笂甯傚叕鍙告暣楂旂泩鍒╅爯鏈熻壇濂姐��
銆�銆�浣嗚繎鏈熷彈娴峰涓昏澶璨ㄥ梗鏀跨瓥鏀剁府銆佸湴绶ｆ斂娌绘矕绐�銆佸湅闅涘ぇ瀹楀晢鍝佸児鏍兼毚婕蹭互鍙婂湅鍏�(n猫i)鐤儏鍙嶅京銆佺稉(j墨ng)婵熺┅(w臎n)澧為暦闈㈣嚚澹撳姏绛夊洜绱犲奖闊匡紝A鑲″拰娓偂甯傚牬鍑虹従(xi脿n)杓冨ぇ骞呭害娉㈠嫊锛屽競鍫存儏绶掔浉灏嶈剢寮�銆�
銆�銆�灏嶆锛屽伐閵�鐟炰俊鍩洪噾瑾嶇偤锛屽湪鐣跺墠鐤儏闃叉帶宸ヤ綔铏曞湪闂�(gu膩n)閸垫檪榛�銆侀渶淇濇寔绀炬渻澶у眬鍜岃绌�(w臎n)瀹氱殑鑳屾櫙涓�锛岃硣鏈競鍫村ぇ骞呮尝鍕曪紝灏囧皪鎴戝湅缍�(j墨ng)婵熷闀�銆佽硣鏈競鍫寸櫦(f膩)灞曚互鍙婂湅瀹堕噾铻嶅畨鍏ㄧ敘(ch菐n)鐢熶笉鍒╁奖闊匡紝杩垏闇�瑕佺当(t菕ng)绫屽崝(xi茅)瑾�(di脿o)鍚勯儴闁�缍滃悎鐧�(f膩)鍔�锛屾帹鍕曞悇闋呮斂绛栬惤鍦板鏂�锛岀┅(w臎n)瀹氬競鍫撮爯鏈燂紝鎻愭尟鎶曡硣鑰呬俊蹇�锛屽垏瀵︿繚闅滆硣鏈競鍫村钩绌�(w臎n)閬嬭銆�
銆�銆�“鎴戝�戦渶瑕佽獚璀樺埌锛岀暥鍓嶈硣鏈競鍫存尝鍕曚富瑕佹槸鐢卞収(n猫i)澶栭儴鐭湡鍥犵礌鐤婂姞灏庤嚧锛屾垜鍦嬪湅姘戠稉(j墨ng)婵熺櫦(f膩)灞曢暦鏈熷悜濂界殑瓒ㄥ嫝娌掓湁鏀硅畩锛岃硣鏈競鍫存敼闈╃櫦(f膩)灞曠殑瓒ㄥ嫝娌掓湁鏀硅畩銆傞毃钁楁娆″湅甯告渻绮剧鍙婃斂绛栭儴缃茶惤鍦板鏂�锛屽湪閫愭娑堝寲鐭湡涓嶅埄鍥犵礌銆佷及鍊兼按骞虫寔绾�(x霉)瑾�(di脿o)鏁寸殑鍩虹(ch菙)涓�锛屾垜鍦嬭硣鏈競鍫翠竴瀹氳兘閲嶅洖鍋ュ悍骞崇┅(w臎n)鐧�(f膩)灞曠殑閬撹矾銆�”宸ラ妧鐟炰俊鍩洪噾琛ㄧず銆�
銆�銆�浣滅偤璩囨湰甯傚牬鐨勯噸瑕佸弮鑸囦富楂�锛屽叕鍕熷熀閲戝叕鍙稿湪鏈嶅嫏(w霉)鍦嬪鎴�(zh脿n)鐣�銆佹敮鎸佸楂旂稉(j墨ng)婵熺櫦(f膩)灞�銆佺董璀疯硣鏈競鍫寸┅(w臎n)瀹�銆佸鐝�(xi脿n)閲戣瀺娑堣不鑰呰病瀵屼繚鍊煎鍊兼柟闈㈢櫦(f膩)鎻憲閲嶈浣滅敤銆�
銆�銆�宸ラ妧鐟炰俊鍩洪噾琛ㄧず锛屼互鍏嫙鍩洪噾鐐轰唬琛ㄧ殑璨″瘜绠＄悊琛屾キ(y猫)锛屽皣瑾嶇湡瀛哥繏璨竟鍦嬪父鏈冨拰鍦嬪嫏(w霉)闄㈤噾铻嶅灏堥鏈冭鐨勭簿绁�锛屽爡瀹氬皪涓湅缍�(j墨ng)婵熷仴搴风櫦(f膩)灞曞強璩囨湰甯傚牬骞崇┅(w臎n)閬嬭鐨勪俊蹇冿紝娣卞埢瑾嶈瓨閲戣瀺宸ヤ綔鐨勬斂娌绘��銆佷汉姘戞�э紝鍫呮寔寰炲ぇ灞�鍑虹櫦(f膩)锛岀櫦(f膩)鎻皥妤�(y猫)鎶曡硣鍎�(y艒u)鍕�锛岀⿳妤电董璀疯硣鏈競鍫寸┅(w臎n)瀹氱櫦(f膩)灞�锛屾洿濂界偤瀵﹂珨缍�(j墨ng)婵熸湇鍕�(w霉)銆�
銆�銆�涓�鏂归潰锛屽叕鍕熻妤�(y猫)灏囨繁妞�“鎶曡硣鐐烘皯”鐞嗗康锛屽爡鎸�“绌�(w臎n)鍋ユ姇璩囥�佸児鍊兼姇璩�銆侀暦鏈熸姇璩�”鐞嗗康锛屽湪寰╅洔鐨勫競鍫寸挵(hu谩n)澧冧笅锛屼笉鏂锋彁鍗囨姇鐮旇兘鍔涳紝鎵撻�犵┛瓒婂懆鏈熺殑闀锋湡绌�(w臎n)瀹氬劒(y艒u)绉�妤�(y猫)绺�锛屾寔绾�(x霉)鎻愬崌灞呮皯璨″瘜绠＄悊鐨勯仼鎳�(y墨ng)鎬с�佺鐖姏銆佹櫘鎯犳��锛屼互鑹ソ妤�(y猫)绺惧拰瑕�(gu墨)鑼冪殑鎶曡硣琛岀偤鍫呭畾寤ｅぇ鎶曡硣鑰呭皪鎴戝湅缍�(j墨ng)婵熷拰璩囨湰甯傚牬闀锋湡鍋ュ悍鐧�(f膩)灞曠殑淇″績銆�
銆�銆�鍙︿竴鏂归潰锛屽叕鍕熻妤�(y猫)灏囧爡鎸佹湇鍕�(w霉)瀵﹂珨缍�(j墨ng)婵熷皫鍚�锛屽厖鍒嗙櫦(f膩)鎻竴绱氬競鍫村拰浜岀礆甯傚牬鐨勭洿鎺ヨ瀺璩囦綔鐢�锛岄�氶亷IPO銆佸畾澧�銆佸偟鍒歌獚璩肩瓑鏂瑰紡锛岀偤鍏堥�插埗閫犳キ(y猫)銆佺稜鑹茬挵(hu谩n)淇�銆佹暩(sh霉)瀛楃稉(j墨ng)婵�銆侀啱(y墨)钘ュ壍(chu脿ng)鏂扮瓑浠ｈ〃鎴戝湅缍�(j墨ng)婵熼珮璩�(zh矛)閲忕櫦(f膩)灞曟柟鍚戠殑鐢�(ch菐n)妤�(y猫)鎻愪緵璩囬噾鏀寔锛屼互鍒囧琛屽嫊鐐�“淇濇寔涓湅缍�(j墨ng)婵熷仴搴风櫦(f膩)灞曠殑闀锋湡鎱�(t脿i)鍕�锛屽叡鍚岀董璀疯硣鏈競鍫寸殑绌�(w臎n)瀹氱櫦(f膩)灞�”浣滃嚭璨㈢嵒銆�