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<\/p>\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/sinakd20260520s\/200\/w600h400\/20260520\/5fff-f0e570bccb795550f63a40ecdf384266.jpg\" alt=\"\u6587\u5c11\u537f\uff1a\u201c\u4e0d\u62a2\u4e0d\u662f\u82f1\u5409\u5229\u201d\uff0c\u8001\u724c\u5e1d\u56fd\u5bf9\u4e2d\u4f01\u7684\u201c\u63a0\u593a\u201d\u5237\u65b0\u4e0b\u9650\"\/><span><\/span><\/div>\n<p cms-style=\"font-L\">\u82f1\u56fd\u94a2\u94c1\u516c\u53f8\u65af\u80af\u7d22\u666e\u5de5\u5382<span><a href=\"https:\/\/finance.sina.com.cn\/realstock\/company\/sz000681\/nc.shtml\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u89c6\u89c9\u4e2d\u56fd<\/a><\/span><span><\/span> <\/p>\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">\u82f1\u56fd\u653f\u5e9c\u7684\u5f92\u52b3\u6551\u5e02<\/font><\/p>\n<p 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ETS\uff09\u548c\u73af\u5883\u7a0e\u8d39\u538b\u529b\u4e0b\uff0c\u656c\u4e1a\u96c6\u56e2\u9762\u4e34\u7740\u65e5\u76ca\u6500\u5347\u7684\u5408\u89c4\u6210\u672c\uff0c\u81f32023\u5e74\u5e95\u5df2\u4ea7\u751f\u9ad8\u8fbe5000\u4e07\u82f1\u9551\u7684\u78b3\u6392\u653e\u4fe1\u7528\u8d44\u91d1\u7f3a\u53e3\u3002 <\/p>\n<p cms-style=\"font-L\">\u4e0e\u6b64\u540c\u65f6\uff0c\u4fc4\u4e4c\u51b2\u7a81\u5f7b\u5e95\u5f15\u7206\u4e86\u80fd\u6e90\u5e02\u573a\u7684\u5730\u7f18\u653f\u6cbb\u5371\u673a\u30022022\u5e74\u521d\u51b2\u7a81\u7206\u53d1\u540e\uff0c\u6b27\u6d32\u6c14\u4ef7\u548c\u7164\u4ef7\u5728\u4e24\u5468\u5185\u5206\u522b\u66b4\u6da8180%\u548c130%\uff0c\u5e76\u8fc5\u901f\u4f20\u5bfc\u81f3\u7535\u529b\u6279\u53d1\u5e02\u573a\u3002\u7531\u4e8e\u82f1\u56fd\u72ec\u7279\u7684\u201c\u8fb9\u9645\u6210\u672c\u5b9a\u4ef7\u6cd5\u201d\uff08Marginal Cost Pricing\uff09\uff0c\u5176\u7535\u529b\u6279\u53d1\u4ef7\u683c\u572898%\u7684\u65f6\u95f4\u91cc\u7531\u6700\u6602\u8d35\u7684\u5929\u7136\u6c14\u53d1\u7535\u673a\u7ec4\u51b3\u5b9a\uff08\u6b27\u76df\u8fd9\u4e00\u6bd4\u4f8b\u4ec5\u4e3a39%\uff09\u3002\u8fd9\u4e00\u4f53\u5236\u6027\u7f3a\u9677\uff0c\u4f7f\u82f1\u56fd\u91cd\u5de5\u4e1a\u8499\u53d7\u4e86\u6bd4\u6cd5\u3001\u5fb7\u66f4\u4e3a\u60e8\u91cd\u7684\u80fd\u6e90\u51b2\u51fb\u3002\u81ea2022\u5e74\u4ee5\u6765\uff0c\u4ec5\u5a01\u5c14\u58eb\u548c\u82f1\u683c\u5170\u7684\u4e3b\u8981\u5de5\u4e1a\u533a\u5c31\u627f\u62c5\u4e86\u8fd110\u4ebf\u82f1\u9551\u7684\u989d\u5916\u80fd\u6e90\u8d26\u5355\uff0c\u8fd9\u8ba9\u672c\u5c31\u8584\u5229\u7684\u521d\u7ea7\u70bc\u94a2\u4e1a\u52a1\u5f7b\u5e95\u4e27\u5931\u4e86\u5546\u4e1a\u53ef\u884c\u6027\u3002 <\/p>\n<p cms-style=\"font-L\">\u76f8\u8f83\u4e8e\u6cd5\u5fb7\uff0c\u82f1\u56fd\u8fd8\u6709\u989d\u5916\u7684\u52a3\u52bf\uff1a\u8131\u6b27\u5c06\u82f1\u56fd\u94a2\u94c1\u4e1a\u65e0\u60c5\u5730\u5265\u79bb\u51fa\u4e86\u6b27\u76df\u7684\u5355\u4e00\u4fdd\u62a4\u4f1e\u3002\u5931\u53bb\u5bf9\u6b27\u514d\u7a0e\u51fa\u53e3\u7684\u65e0\u7f1d\u901a\u9053\u540e\uff0c\u82f1\u56fd\u88ab\u6b27\u76df\u89c6\u4e3a\u201c\u7b2c\u4e09\u56fd\u201d\u5bf9\u5f85\u30022026\u5e744\u6708\uff0c\u6b27\u76df\u51b3\u5b9a\u5c06\u514d\u7a0e\u8fdb\u53e3\u914d\u989d\u524a\u51cf47%\uff0c\u5e76\u5c06\u8d85\u989d\u5173\u7a0e\u4ece25%\u7ffb\u500d\u81f350%\u3002\u7531\u4e8e\u6b27\u76df\u662f\u82f1\u56fd\u94a2\u6750\u6700\u5927\u7684\u6d77\u5916\u5e02\u573a\uff08\u5e74\u51fa\u53e3\u8fbe180\u4e07\u5428\uff09\uff0c\u914d\u989d\u7684\u8170\u65a9\u65e0\u5f02\u4e8e\u5bf9\u82f1\u56fd\u94a2\u94c1\u516c\u53f8\u6572\u54cd\u4e86\u4e27\u949f\u3002 <\/p>\n<p cms-style=\"font-L\">\u4f5c\u4e3a\u62a5\u590d\uff0c\u82f1\u56fd\u653f\u5e9c\u5c06\u4e8e2026\u5e747\u67081\u65e5\u5b9e\u65bd\u66f4\u4e3a\u4e25\u82db\u7684\u4fdd\u62a4\u4e3b\u4e49\u653f\u7b56\uff0c\u5c06\u514d\u7a0e\u94a2\u6750\u8fdb\u53e3\u914d\u989d\u5927\u5e45\u524a\u51cf60%\uff0c\u5e76\u5c06\u914d\u989d\u5916\u7684\u5173\u7a0e\u63d0\u5347\u81f350%\u3002\u8fd9\u4e00\u653f\u7b56\u867d\u65e8\u5728\u4fdd\u62a4\u82f1\u56fd\u672c\u571f\u9ad8\u7089\uff0c\u5374\u5f15\u53d1\u4e86\u56fd\u5185\u4e0b\u6e38\u4ea7\u4e1a\u94fe\u7684\u96c6\u4f53\u6050\u614c\u3002\u82f1\u56fd\u5546\u4f1a\u6307\u51fa\uff0c\u6b64\u4e3e\u4e25\u91cd\u635f\u5bb3\u4e86\u5efa\u7b51\u3001\u5de5\u7a0b\u548c\u7cbe\u5bc6\u5236\u9020\u7b49\u4e25\u91cd\u4f9d\u8d56\u8fdb\u53e3\u7279\u79cd\u94a2\u6750\u7684\u4e0b\u6e38\u4f01\u4e1a\uff0c\u9884\u8ba1\u5c06\u7ed9\u82f1\u56fd\u5236\u9020\u4e1a\u589e\u52a0\u6570\u767e\u4e07\u82f1\u9551\u7684\u989d\u5916\u6210\u672c\uff0c\u751a\u81f3\u5012\u903c\u4f01\u4e1a\u8fc1\u5f80\u6d77\u5916\uff0c\u8fdb\u4e00\u6b65\u52a0\u5267\u5b8f\u89c2\u7ecf\u6d4e\u7684\u5931\u8861\u3002 <\/p>\n<p cms-style=\"font-L\">\u4f46\u82f1\u56fd\u653f\u5e9c\u5e76\u4e0d\u5728\u4e4e\u8fd9\u4e2a\u3002\u5728\u653f\u515a\u8f6e\u66ff\u7684\u52a8\u8361\u4e2d\uff0c\u82f1\u56fd\u7684\u4ea7\u4e1a\u653f\u7b56\u5f7b\u5e95\u6ca6\u4e3a\u4e86\u9009\u4e3e\u653f\u6cbb\u548c\u515a\u5185\u6597\u4e89\u7684\u7b79\u7801\u3002\u524d\u4fdd\u5b88\u515a\u9996\u76f8\u82cf\u7eb3\u514b\u6267\u653f\u671f\u95f4\uff0c\u5510\u5b81\u8857\u503e\u5411\u4e8e\u901a\u8fc7\u6e29\u548c\u8c08\u5224\u63a8\u52a8\u94a2\u4f01\u5411\u7535\u5f27\u7089\u8f6c\u578b\uff1b\u7136\u800c\uff0c\u968f\u7740\u5de5\u515a\u4e8e2024\u5e74\u4e0b\u534a\u5e74\u4e0a\u53f0\uff0c\u65b0\u653f\u5e9c\u4e3a\u4e86\u5151\u73b0\u5176\u5411\u9009\u6c11\u505a\u51fa\u7684\u201c\u4fdd\u4f4f\u4f20\u7edf\u5c31\u4e1a\u201d\u548c\u201c\u634d\u536b\u56fd\u5bb6\u4e3b\u6743\u80fd\u529b\u201d\u7684\u653f\u6cbb\u627f\u8bfa\uff0c\u5bf9\u79c1\u4eba\u8d44\u672c\u548c\u5916\u8d44\u7684\u6001\u5ea6\u53d1\u751f\u4e86\u5267\u70c8\u8f6c\u53d8\uff0c\u65af\u5854\u9ed8\u66f4\u662f\u5c06\u201c\u5168\u9762\u6536\u5f52\u56fd\u6709\u201d\u4f5c\u4e3a\u5176\u5c55\u73b0\u9886\u5bfc\u529b\u548c\u201c\u4e3b\u6743\u80fd\u529b\u201d\u7684\u653f\u6cbb\u6321\u7bad\u724c\u3002\u7406\u6027\u7684\u5546\u4e1a\u8c08\u5224\u548c\u957f\u8fdc\u7684\u4ea7\u4e1a\u8131\u78b3\u8def\u5f84\uff0c\u6700\u7ec8\u5728\u9009\u4e3e\u653f\u6cbb\u548c\u515a\u5185\u6743\u529b\u6597\u4e89\u7684\u88f9\u631f\u4e0b\u88ab\u5f7b\u5e95\u727a\u7272\u3002 <\/p>\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">\u201c\u5408\u6cd5\u201d\u7684\u63a0\u593a<\/font><\/p>\n<p cms-style=\"font-L\">\u5728\u8fd9\u573a\u51a0\u5195\u5802\u7687\u7684\u201c\u62ef\u6551\u82f1\u56fd\u201d\u53d9\u4e8b\u80cc\u540e\uff0c\u4e2d\u56fd\u656c\u4e1a\u96c6\u56e2\u4e0d\u5e78\u6210\u4e3a\u4e86\u82f1\u56fd\u653f\u5e9c\u8fdb\u884c\u653f\u6cbb\u5957\u5229\u548c\u503a\u52a1\u8f6c\u5ac1\u7684\u6700\u5927\u727a\u7272\u54c1\u3002\u82f1\u56fd\u653f\u5e9c\u901a\u8fc7\u4e24\u9636\u6bb5\u7cbe\u5bc6\u7684\u7acb\u6cd5\u64cd\u4f5c\uff0c\u6784\u5efa\u4e86\u4e00\u4e2a\u5b9e\u8d28\u6027\u7684\u5916\u8d44\u8d22\u5bcc\u5265\u593a\u673a\u5236\uff0c\u6253\u7740\u201c\u6cd5\u5f8b\u201d\u7684\u5e4c\u5b50\uff0c\u5c06\u201c\u5951\u7ea6\u7cbe\u795e\u201d\u8e29\u5728\u811a\u4e0b\u3002 <\/p>\n<p cms-style=\"font-L\">\u5728\u7b2c\u4e00\u9636\u6bb5\uff0c\u82f1\u56fd\u653f\u5e9c\u796d\u51fa\u201c\u590d\u6d3b\u8282\u6cd5\u6848\u201d\uff0c\u4ee5\u9884\u9632\u4f01\u4e1a\u5173\u505c\u9ad8\u7089\u4e3a\u7531\uff0c\u5f3a\u884c\u5265\u593a\u4e86\u656c\u4e1a\u96c6\u56e2\u5bf9\u65af\u80af\u7d22\u666e\u94a2\u5382\u7684\u65e5\u5e38\u8fd0\u8425\u6743\u3002\u656c\u4e1a\u7684\u7ba1\u7406\u56e2\u961f\u88ab\u5f7b\u5e95\u9010\u51fa\u8463\u4e8b\u4f1a\u548c\u5382\u533a\uff0c\u65e0\u6cd5\u5bf9\u8d44\u4ea7\u6d41\u5411\u3001\u6218\u7565\u8f6c\u578b\u548c\u4eba\u5458\u7f16\u5236\u505a\u51fa\u4efb\u4f55\u5b9e\u8d28\u6027\u51b3\u7b56\u3002 <\/p>\n<p 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