{"id":777656,"date":"2026-05-12T12:46:09","date_gmt":"2026-05-12T04:46:09","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=777656"},"modified":"2026-05-12T12:46:09","modified_gmt":"2026-05-12T04:46:09","slug":"20%e5%88%86%e9%92%9f-20%e6%b6%a8%e5%81%9c%ef%bc%81%e8%82%a1%e5%b8%82%e5%90%b9%e5%93%a8%e4%ba%ba%e6%9c%80%e6%96%b0%e5%8f%91%e5%a3%b0%ef%bc%81%e6%b6%89%e5%8f%8a%e4%b8%ad%e5%9b%bdai","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=777656","title":{"rendered":"20\u5206\u949f 20%\u6da8\u505c\uff01\u80a1\u5e02\u201c\u5439\u54e8\u4eba\u201d\u6700\u65b0\u53d1\u58f0\uff01\u6d89\u53ca\u4e2d\u56fdAI\uff01"},"content":{"rendered":"<p><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/sz301197.html\" data-code=\"301197|0|2\" data-code2=\"301197|0|80|\" target6=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" src=\"https:\/\/webquoteklinepic.eastmoney.com\/GetPic.aspx?nid=0.301197&imageType=k&token=28dfeb41d35cc81d84b4664d7c23c49f&at=1\" border=\"0\" data-code=\"K 301197|0|2\" data-code2=\"K 301197|0|80|\" style=\" display:block; margin-left:auto; margin-right:auto; \" width=\"578\" height=\"276\" alt=\"20\u5206\u949f 20%\u6da8\u505c\uff01\u80a1\u5e02\u201c\u5439\u54e8\u4eba\u201d\u6700\u65b0\u53d1\u58f0\uff01\u6d89\u53ca\u4e2d\u56fdAI\uff01\" \/><\/a><\/p>\n<p>\u8981\u4e48\u7ad9\u5728\u201c\u5149\u201d\u91cc\uff0c\u8981\u4e48\u7231\u5728\u201c\u82af\u201d\u91cc\uff01<\/p>\n<p>\u6700\u8fd1\uff0c<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK0800\" data-code=\"90,BK0800\" rel=\"noopener\">\u4eba\u5de5\u667a\u80fd<\/a><\/span><span><\/span>\u76f8\u5173\u677f\u5757\u6301\u7eed\u7206\u53d1\u30025\u670812\u65e5\uff0c\u5de5\u5927\u79d1<span>\u96c5<\/span>\u5728\u5f00\u76d8\u540e20\u5206\u949f\u5c01\u6b7b\u6da8\u505c\u3002\u5728<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%9f%a9%e5%9b%bd\" title=\"View all posts in \u97e9\u56fd\" target=\"_blank\" class=\"tag_link\">\u97e9\u56fd<\/a>\u80a1\u5e02\u8df3\u6c34\u7684\u80cc\u666f\u4e4b\u4e0b\uff0c\u79d1\u521b\u677f\u548c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%8a%af%e7%89%87\" title=\"View all posts in \u82af\u7247\" target=\"_blank\" class=\"tag_link\">\u82af\u7247<\/a>\u677f\u5757\u5728\u4e00\u6ce2\u8df3\u6c34\u4e4b\u540e\uff0c\u88ab\u5f3a\u529b\u62c9\u8d77\u3002<\/p>\n<p>\u80a1\u5e02\u201c\u5439\u54e8\u4eba\u201d\u2014\u2014<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.MS\" data-code=\"106,MS\" rel=\"noopener\">\u6469\u6839\u58eb\u4e39\u5229<\/a><\/span><span><\/span>\u53d1\u8868\u62a5\u544a\u6307\u51fa\uff0c\u4e2d\u56fd<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK0800\" data-code=\"90,BK0800\"><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%ba%ba%e5%b7%a5%e6%99%ba%e8%83%bd\" title=\"View all posts in \u4eba\u5de5\u667a\u80fd\" target=\"_blank\" class=\"tag_link\">\u4eba\u5de5\u667a\u80fd<\/a><\/span>\uff08AI\uff09\u6b63\u8fdb\u5165\u65b0\u9636\u6bb5\uff0c\u4ece\u8ffd\u8d76\u6280\u672f\u80fd\u529b\u8f6c\u5411\u6355\u6349\u4ef7\u503c\uff0c\u91cd\u70b9\u7531\u8bad\u7ec3\u8f6c\u5411\u63a8\u7406\uff0c\u4ece\u6280\u672f\u8f6c\u5411\u5e94\u7528\uff0c\u7531\u6f5c\u529b\u8f6c\u5411\u5b9e\u9645\u76c8\u5229\u3002<\/p>\n<p><strong><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%a4%a7%e6%91%a9\" title=\"View all posts in \u5927\u6469\" target=\"_blank\" class=\"tag_link\">\u5927\u6469<\/a>\u6301\u7eed\u5531\u591a<\/strong><\/p>\n<p>\u636e\u683c\u9686\u6c475\u670812\u65e5\u6d88\u606f\uff0c<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.MS\" data-code=\"106,MS\"><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%91%a9%e6%a0%b9%e5%a3%ab%e4%b8%b9%e5%88%a9\" title=\"View all posts in \u6469\u6839\u58eb\u4e39\u5229\" target=\"_blank\" class=\"tag_link\">\u6469\u6839\u58eb\u4e39\u5229<\/a><\/span>\u53d1\u8868\u62a5\u544a\u6307\u51fa\uff0c\u4e2d\u56fd<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK0800\" data-code=\"90,BK0800\">\u4eba\u5de5\u667a\u80fd<\/span>\uff08AI\uff09\u6b63\u8fdb\u5165\u65b0\u9636\u6bb5\uff0c\u4ece\u8ffd\u8d76\u6280\u672f\u80fd\u529b\u8f6c\u5411\u6355\u6349\u4ef7\u503c\uff0c\u91cd\u70b9\u7531\u8bad\u7ec3\u8f6c\u5411\u63a8\u7406\uff0c\u4ece\u6280\u672f\u8f6c\u5411\u5e94\u7528\uff0c\u7531\u6f5c\u529b\u8f6c\u5411\u5b9e\u9645\u76c8\u5229\u3002\u8be5\u884c\u8ba4\u4e3a\uff0c\u5728\u9636\u6bb5\uff0c\u8d4b\u80fd\u8005(AI Agent\uff09\u548c\u57fa\u7840\u6a21\u578b\u4ecd\u7136\u662f\u5173\u952e<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u4e3b\u9898\uff0c\u4f46\u5e7f\u6cdb\u7684<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1629\" data-code=\"90,BK1629\" rel=\"noopener\">AI\u5e94\u7528<\/a><\/span><span><\/span>\u4e5f\u4e3a\u53d7\u76ca\u8005\u5e26\u6765\u6295\u8d44\u673a\u4f1a\u3002<\/p>\n<p>\u5728\u8be5\u884c\u5bf9<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1629\" data-code=\"90,BK1629\">AI\u5e94\u7528<\/span>\u65b9\u7684<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\u56de\u62a5\u5206\u6790\u4e2d\uff0c<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/116.09669\" data-code=\"116,09669\" rel=\"noopener\">\u5317\u68ee\u63a7\u80a1<\/a><\/span>\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/116.01357\" data-code=\"116,01357\" rel=\"noopener\">\u7f8e\u56fe\u516c\u53f8<\/a><\/span>\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/1.688169\" data-code=\"1,688169\" rel=\"noopener\">\u77f3\u5934\u79d1\u6280<\/a><\/span><span><\/span>\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/0.000333\" data-code=\"0,000333\" rel=\"noopener\">\u7f8e\u7684\u96c6\u56e2<\/a><\/span><span><\/span>\uff0c\u4ee5\u53ca<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/1.603486\" data-code=\"1,603486\" rel=\"noopener\">\u79d1\u6c83\u65af<\/a><\/span><span><\/span><span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/0.300024\" data-code=\"0,300024\" rel=\"noopener\">\u673a\u5668\u4eba<\/a><\/span><span><\/span>\u8868\u73b0\u7a81\u51fa\u3002MiniMax\u548c<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/116.02513\" data-code=\"116,02513\" rel=\"noopener\">\u667a\u8c31<\/a><\/span>\u662f\u4e2d\u56fdAI\u9886\u57df\u57fa\u7840\u6a21\u578b\u4f9b\u5e94\u5546\u7684\u5173\u952e\u53c2\u4e0e\u8005\uff0c\u800c\u6495\u5f00<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.BABA\" data-code=\"106,BABA\" rel=\"noopener\">\u963f\u91cc\u5df4\u5df4<\/a><\/span><span><\/span>\u8be5\u884c\u6240\u8986\u76d6\u516c\u53f8\u4e2d\u5b9a\u4f4d\u6700\u4f73\u7684\u5168\u6808AI\u5e73\u53f0\u3002<\/p>\n<p>\u5927\u6469\u8fd8\u91cd\u70b9\u63a8\u8350<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/0.300750\" data-code=\"0,300750\" rel=\"noopener\">\u5b81\u5fb7\u65f6\u4ee3<\/a><\/span><span><\/span>\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/1.603308\" data-code=\"1,603308\" rel=\"noopener\">\u5e94\u6d41\u80a1\u4efd<\/a><\/span><span><\/span>\u548c<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/0.002028\" data-code=\"0,002028\" rel=\"noopener\">\u601d\u6e90\u7535\u6c14<\/a><\/span><span><\/span>\uff0c\u4f5c\u4e3a<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK0428\" data-code=\"90,BK0428\" rel=\"noopener\">\u7535\u529b<\/a><\/span><span><\/span>\u9886\u57df\u7684\u5173\u952e\u6807\u7b7e\u7684\u3002\u53e6\u5916\uff0c\u8be5\u884c\u6301\u7eed\u770b\u597d<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/1.688256\" data-code=\"1,688256\" rel=\"noopener\">\u5bd2\u6b66\u7eaa<\/a><\/span><span><\/span>\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/116.09903\" data-code=\"116,09903\" rel=\"noopener\">\u5929\u6570\u667a\u82af<\/a><\/span>\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/0.002371\" data-code=\"0,002371\" rel=\"noopener\">\u5317\u65b9\u534e\u521b<\/a><\/span><span><\/span>\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/1.688012\" data-code=\"1,688012\" rel=\"noopener\">\u4e2d\u5fae\u516c\u53f8<\/a><\/span><span><\/span>\u3001ACM Research\u3001<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/1.688981\" data-code=\"1,688981\" rel=\"noopener\">\u4e2d\u82af\u56fd\u9645<\/a><\/span><span><\/span>\u4ee5\u53ca\u6b23\u5174<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1201\" data-code=\"90,BK1201\" rel=\"noopener\">\u7535\u5b50<\/a><\/span><span><\/span>\uff0c\u8fd9\u4e9bAI\u8d4b\u80fd\u8005\u5c06\u5173\u6ce8\u4e8e\u4e2d\u56fd<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1036\" data-code=\"90,BK1036\" rel=\"noopener\">\u534a\u5bfc\u4f53<\/a><\/span><span><\/span>\u5316\u7684\u957f\u671f\u8d8b\u52bf\u3002<\/p>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c4\u6708\u4efd\u4ee5\u6765\uff0c\u56fd\u9645\u91d1\u878d\u534f\u4f1a(IIF)\u516c\u5e03\u7684\u6570\u636e\u663e\u793a\uff0c4\u6708\u5168\u7403\u6295\u8d44\u8005\u5927\u5e45\u56de\u6d41<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%96%b0%e5%85%b4%e5%b8%82%e5%9c%ba\" title=\"View all posts in \u65b0\u5174\u5e02\u573a\" target=\"_blank\" class=\"tag_link\">\u65b0\u5174\u5e02\u573a<\/a>\u8d44\u4ea7\u3002\u65b0\u5174\u5e02\u573a\u6295\u8d44\u7ec4\u5408\u8d44\u91d1\u6d41(<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%80%ba%e5%88%b8\" title=\"View all posts in \u503a\u5238\" target=\"_blank\" class=\"tag_link\">\u503a\u5238<\/a>\u548c\u80a1\u7968\u5e02\u573a\u4e70\u5356\u7684\u5dee\u989d)\u57284\u6708\u53cd\u5f39\u81f3583\u4ebf\u7f8e\u5143\uff0c\u57fa\u672c\u4e0a\u626d\u8f6c\u4e863\u6708\u56e0\u4e2d\u4e1c\u51b2\u7a81\u5347\u7ea7\u800c\u5bfc\u81f4\u7684662\u4ebf\u7f8e\u5143\u8d44\u91d1\u5916\u6d41\u3002<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/acttg.eastmoney.com\/pub\/xxlout_khmbdfcfappnew_random_0007467a\" rel=\"noopener\"><img src=\"https:\/\/np-newspic.dfcfw.com\/download\/D25518233225753939051_w690h180.jpg\" alt=\"20\u5206\u949f 20%\u6da8\u505c\uff01\u80a1\u5e02\u201c\u5439\u54e8\u4eba\u201d\u6700\u65b0\u53d1\u58f0\uff01\u6d89\u53ca\u4e2d\u56fdAI\uff01\" style=\" display:block; margin-left:auto; margin-right:auto; \" \/><\/a><\/p>\n<p><strong>\u5916\u56f4\u4e50\u89c2\u60c5\u7eea\u5f25\u6f2b<\/strong><\/p>\n<p>\u7f8e\u80a1\u5e02\u573a\u867d\u7136\u4e0d\u65f6\u4f20\u51fa\u5531\u7a7a\u7684\u58f0\u97f3\uff0c\u4f46\u4e50\u89c2\u60c5\u7eea\u53ef\u80fd\u4ecd\u662f\u4e3b\u6d41\u3002<\/p>\n<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8d%8e%e5%b0%94%e8%a1%97\" title=\"View all posts in \u534e\u5c14\u8857\" target=\"_blank\" class=\"tag_link\">\u534e\u5c14\u8857<\/a>\u8d44\u6df1\u5206\u6790\u5e08\u4e9a\u5fb7\u5c3c\uff08Ed Yardeni\uff09\u662f\u6700\u65b0\u4e00\u4f4d\u4e0a\u4fee\u6807\u666e500\u76ee\u6807\u4ef7\u7684\u5927\u5496\uff0c\u968f\u7740\u5206\u6790\u5e08\u5bf9\u4f01\u4e1a\u76c8\u5229\u7684\u4e50\u89c2\u60c5\u7eea\u4e0d\u65ad\u5347\u6e29\uff0c\u4ed6\u5c062026\u5e74\u5e95\u7684\u76ee\u6807\u4ef7\u4ece7700\u70b9\u8c03\u8282\u52308250\u70b9\u3002\u4e9a\u5fb7\u5c3c\u8bf4\uff1a\u201c\u6211\u4eec\u4ece\u672a\u89c1\u8fc7\u5e02\u573a\u5bf9\u4eca\u3001\u660e\u4e24\u5e74\u7684\u5171\u8bc6\u9884\u671f\u63d0\u5347\u5f97\u5982\u6b64\u8fc5\u901f\uff0c\u8fd9\u5bfc\u81f4\u80a1\u5e02\u51fa\u73b0\u7531\u76c8\u4f59\u9a71\u52a8\u7684\u2018\u878d\u6da8\u2019(melt-up)\u3002\u201d<\/p>\n<p>\u4e8b\u5b9e\u4e0a\uff0c\u6709\u534e\u5c14\u8857\u201c\u5927\u7a7a\u5934\u201d\u4e4b\u79f0\u7684\uff0c<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.MS\" data-code=\"106,MS\">\u6469\u6839\u58eb\u4e39\u5229<\/span>\u5206\u6790\u5e08\u8fc8\u514b\u00b7\u5a01\u5c14\u900a\uff08Mike Wilson\uff09\u4e5f\u89c2\u5bdf\u5230\uff0c\u7b2c\u4e00\u5b63\u8d22\u62a5\u5b63\u7684\u76c8\u4f59\uff08EPS\uff09\u589e\u957f\u4e2d\u4f4d\u6570\u4e0e\u8d85\u8d8a\u9884\u671f\u7684\u7a0b\u5ea6\uff0c\u5747\u521b4\u5e74\u6765\u65b0\u9ad8\u3002<\/p>\n<p>Yardeni\u5c062026\u5e74\u4e0e2027\u5e74\u7684\u6bcf\u80a1\u8425\u6536\u9884\u6d4b\u5206\u522b\u8c03\u5347100\u7f8e\u5143\uff0c\u8fbe\u52302200\u7f8e\u5143\u4e0e2300\u7f8e\u5143\u3002\u8fd9\u4e9b\u6570\u5b57\u4e0e\u76ee\u524d\u7684\u5e02\u573a\u5171\u8bc6\u51e0\u4e4e\u4e00\u81f4\uff0c\u800c\u8fd9\u4e00\u5207\u7684\u524d\u63d0\u5efa\u7acb\u5728<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a>\u7ecf\u6d4e\u5c06\u7ef4\u6301\u97e7\u6027\u7684\u57fa\u7840\u4e0a\u3002Yardeni\u9884\u671f\u4eca\u5e74\u83b7\u5229\u7387\u5c06\u5347\u81f315%\uff0c\u660e\u5e74\u5347\u81f316.3%\u3001\u7565\u9ad8\u4e8e\u5e02\u573a\u5171\u8bc6\u503c\uff0c\u5e76\u9884\u6d4b\u6807\u666e500\u6210\u4efd\u80a1EPS\u4eca\u5e74\u5c06\u722c\u5347\u81f3330\u7f8e\u5143\uff0c2027\u5e74\u8fbe\u5230375 \u7f8e\u5143\u3002\u4ee5\u6b64\u63a8\u7b97\uff0c\u82e5\u672c\u76ca\u6bd4\u843d\u572818\u500d\u81f322\u500d\u533a\u95f4\uff0c\u6807\u666e500\u4eca\u5e74\u5e74\u5e95\u7684\u76ee\u6807\u533a\u95f4\u5c06\u4ecb\u4e8e6750\u70b9\u81f38250\u70b9\u4e4b\u95f4\u3002<\/p>\n<p>\u7136\u800c\uff0cYardeni \u5e76\u975e\u5e02\u573a\u4e0a\u6700\u4e50\u89c2\u7684\u4eba\u3002\u8fd1\u51e0\u5468\u5e02\u573a\u5bf9EPS\u7684\u5171\u8bc6\u9884\u4f30\u503c\u5df2\u8d85\u8d8a\u4ed6\u7684\u76ee\u6807\uff0c\u76ee\u524d2026\u5e74\u4e0e2027\u5e74\u5171\u8bc6\u503c\u5206\u522b\u8fbe 336.49 \u7f8e\u5143 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class=\"tag_link\">\u592e\u884c<\/a>\u5347\u606f\uff0c\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u503a\u5e02\u4e49\u52c7\u519b\u53ef\u80fd\u4f1a\u63a8\u5347\u7f8e\u503a\u6b96\u5229\u7387\u3002\u201d<\/p>\n<p>\u6b64\u5916\uff0cYardeni \u4e5f\u8ba4\u4e3a\u8bb8\u591a\u7c7b\u80a1\u4e0e\u5176 200 \u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\u76f8\u6bd4\uff0c\u770b\u8d77\u6765\u786e\u5b9e\u5904\u4e8e\u8d85\u4e70\u72b6\u6001\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u4ed6\u4ecd\u5f3a\u8c03\uff1a\u201c\u76ee\u524d\u6211\u4eec\u7ef4\u6301\u6807\u666e500\u57282029\u5e74\u5e95\u524d\u8fbe\u523010000\u70b9\u7684\u76ee\u6807\uff0c\u4e14\u8be5\u76ee\u6807\u53ef\u80fd\u4f1a\u63d0\u524d\u8fbe\u5230\u3002\u201d<\/p>\n<p>(\u6765\u6e90:\u5929\u5929\u57fa\u91d1\u7f51)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8981\u4e48\u7ad9\u5728\u201c\u5149\u201d\u91cc\uff0c\u8981\u4e48\u7231\u5728\u201c\u82af\u201d\u91cc\uff01 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