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cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">1\u3001\u4e25\u683c\u7684\u6d41\u91cf\u7ea6\u675f\uff1a\u5b58\u6b3e\u53ea\u662f\u5c45\u6c11\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u4e00\u9879<\/font><\/p>\n<p cms-style=\"font-L\">\u5c45\u6c11\u50a8\u84c4\u662f\u6d41\u91cf\uff0c\u5c45\u6c11\u5b58\u6b3e\u662f\u5b58\u91cf\u3002\u7528\u5c45\u6c11\u90e8\u95e8\u7684\u8d44\u91d1\u6d41\u91cf\u8868\u6765\u5199\uff0c\u6700\u7b80\u5316\u7684\u4f1a\u8ba1\u5173\u7cfb\u662f\uff1a\u0394D\u1d34 = S\u1d34 + K\u1d34 \u2212 I\u1d34 \u2212 \u0394FA\u1d34(other) + \u0394L\u1d34 + \u03b5<\/p>\n<p cms-style=\"font-L\">\u5176\u4e2d\uff1aS\u1d34=\u5c45\u6c11\u50a8\u84c4\uff1bI\u1d34=\u5c45\u6c11\u51c0\u8d2d\u7f6e\u975e\u91d1\u878d\u8d44\u4ea7\uff08\u4e3b\u8981\u5305\u62ec\u65b0\u589e\u4f4f\u623f\uff09\uff1b\u0394FA\u1d34(other)=\u5176\u4ed6\u91d1\u878d\u8d44\u4ea7\u51c0\u589e\u52a0\uff1b\u0394L\u1d34=\u51c0\u65b0\u589e\u8d1f\u503a\uff1bK\u1d34\/\u03b5\u4e3a\u8d44\u672c\u8f6c\u79fb\u53ca\u7edf\u8ba1\u8c03\u6574\u3002<\/p>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\"><font cms-style=\"font-L strong-Bold color210\">\u8fd9\u6761\u6052\u7b49\u5f0f\u76f4\u63a5\u8bf4\u660e\uff0c\u5b58\u6b3e\u589e\u52a0\u5e76\u4e0d\u7b49\u4e8e\u50a8\u84c4\u589e\u52a0\u3002<\/font><\/font><font cms-style=\"font-L\"><font 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cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">\u4e09\u3001\u4e8c\u624b\u623f\u4ef7\u683c\u66f4\u9002\u5408\u4f5c\u4e3a\u786e\u8ba4\u6307\u6807\uff0c\u800c\u4e0d\u9002\u5408\u4f5c\u4e3a\u5355\u72ec\u7684\u65e9\u5468\u671f\u50ac\u5316\u5242<\/font><\/p>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">1\u3001\u4e3a\u4ec0\u4e48\u4e8c\u624b\u623f\u65e0\u6cd5\u6210\u4e3a\u7ecf\u6d4e\u5468\u671f\u7684\u50ac\u5316\u5242\u4e86\uff1f<\/font><\/p>\n<p cms-style=\"font-L\">\u65e7\u5730\u4ea7\u5468\u671f\u91cc\uff0c\u65b0\u623f\u548c\u571f\u5730\u5e02\u573a\u597d\u8f6c\u53ef\u4ee5\u76f4\u63a5\u589e\u52a0\u5f00\u53d1\u6295\u8d44\u3001\u5730\u4ea7\u94fe\u9700\u6c42\u4e0e\u5730\u65b9\u653f\u5e9c\u652f\u51fa\uff0c\u5e76\u901a\u8fc7\u571f\u5730\u8d22\u653f\u548c\u571f\u5730\u91d1\u878d\u653e\u677e\u5730\u65b9\u878d\u8d44\u7ea6\u675f\uff0c\u4f1a\u76f4\u63a5\u79fb\u52a8\u603b\u9700\u6c42\u66f2\u7ebf\uff0c\u968f\u540e\u6536\u5165\u4e0e\u5c31\u4e1a\u4e0a\u5347\uff0c\u4ece\u800c\u5e26\u6765\u6d88\u8d39\u6539\u5584\u3002<\/p>\n<p cms-style=\"font-L\">\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/spider20260811\/400\/w771h429\/20260811\/e1fb-78ba1b5d168a2388d3294b41edff3f73.png\" cms-width=\"677\" cms-height=\"376.703\" alt=\"\u3010\u534e\u521b\u5730\u4ea7\u94fe&amp;\u591a\u5143\u8d44\u4ea7\u3011\u7f6e\u6362\u94fe\u7684\u9519\u89c9\uff1a\u4e8c\u624b\u623f\u91cf\u4ef7\u4f01\u7a33\u4e3a\u4f55\u4e0d\u7b49\u4e8e\u5730\u4ea7\u62d0\u70b9\"\/><span><\/span><\/div>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\"><font cms-style=\"font-L strong-Bold color210\">\u4e8c\u624b\u623f\u4ea4\u6613\u5219\u4e0d\u540c\u3002\u5c45\u6c11\u4e4b\u95f4\u4ea4\u6362\u5b58\u91cf\u4f4f\u623f\u5e76\u4e0d\u4f1a\u4ea7\u751f\u540c\u89c4\u6a21\u7684\u65b0\u589e\u6295\u8d44\u548c\u571f\u5730\u8d22\u653f\u6536\u5165\uff0c\u76f4\u63a5\u589e\u52a0\u503c\u4e3b\u8981\u6765\u81ea\u4e2d\u4ecb\u3001\u7a0e\u8d39\u3001\u88c5\u4fee\u548c\u91d1\u878d\u670d\u52a1\u3002<\/font><\/font><font cms-style=\"font-L\"><font 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