²ÄÁϺIJÄ
ÖйúÄËÖÁÊÀ½çÔìÖ½Òµ·¢Õ¹Ç÷ÊÆ ÈçºÎ±£³ÖţƤֽֽҵÔö³¤
???:1604  ??:1  ????:0
  • ÒѹرÕ????
  • 2012-09-12 18:04
????
????????
??????
  • 1ï¿¥
  • 2012-09-18 16:29
Ö½£¬ÊÇÈËÀàÎÄÃ÷×îÖØÒªµÄÔØÌåÖ®Ò»£»ÔìÖ½Òµ£¬ÔÚÀúÊ·µÄн»ðÏà´«ÖаçÑÝ×ÅÖØÒª½ÇÉ«¡£È»¶ø£¬·¢Õ¹µ½½ñÌ죬¶ÔÓÚţƤֽµÈÔìÖ½ÒµÔÚ¾­¼ÃÓëÉç»áµÈ·¢Õ¹ÉϵÄÖØÒª×÷Óã¬ÆÕͨ´óÖÚ¿ÉÄܲ¢²»ÎªËùÖª¡£ ÔìÖ½¹¤ÒµÓë¹úÃñ¾­¼Ã·¢Õ¹ºÍÉç»áÎÄÃ÷ϢϢÏà¹Ø£¬Ö½¼°Ö½°åÏû·ÑˮƽÊǺâÁ¿Ò»¸ö¹ú¼ÒÏÖ´ú»¯ºÍÎÄÃ÷³Ì¶ÈµÄÖØÒª±êÖ¾Ö®Ò»¡£ÏÖ´úÔìÖ½¹¤ÒµÒÔ¿ÉÔÙÉú×ÊԴΪԭÁÏ£¬Í¨¹ýÇå½àÉú²ú£¬ÊµÏÖÁË×ÊÔ´-Éú²ú-Ïû·Ñ-×ÊÔ´ÔÙÉúµÄÁ¼ÐÔÑ­»·£¬ÒѳÉΪ¹úÃñ¾­¼ÃÖоßÓÐÑ­»·¾­¼ÃÌØÕ÷µÄÖØÒª»ù´¡Ô­²ÄÁϲúÒµºÍеľ­¼ÃÔö³¤µã¡£ ÏÖ´úÔìÖ½¹¤Òµ×ʽð¼¼ÊõÃܼ¯£¬¹æģЧÒæÏÔÖø£¬¾ßÓнϴóµÄÊг¡ÈÝÁ¿ºÍ·¢Õ¹Ç±Á¦£¬ÇÒ²úÒµ¹ØÁª¶È¸ß£¬¶ÔÏà¹Ø²úÒµ·¢Õ¹¾ßÓÐÃ÷ÏÔµÄÀ­¶¯×÷ÓᣴÓÓÒͼ¼¸ÖÖ²úÒµµÄÓ°ÏìÁ¦ÏµÊýÀ´¿´£¬Ö½Òµ¶ÔÆäËû²úÒµµÄ¹ØÁªÐ§Ó¦Ã÷ÏÔ£¬¸ßÓÚ»¯Ñ§¹¤ÒµºÍµç×Ó¼°Í¨Ñ¶É豸ҵ¡£Ó°ÏìÁ¦ÏµÊýÊÇÖ¸¹úÃñ¾­¼Ãijһ¸ö²úÆ·²¿ÃÅÔö¼ÓÒ»¸öµ¥Î»×îÖÕ²úƷʱ£¬¶Ô¹úÃñ¾­¼Ã¸÷²¿ÃÅËù²úÉúµÄÉú²úÐèÇ󲨼°³Ì¶È¡£Ó°ÏìÁ¦ÏµÊýÔ½´ó£¬¸Ã²¿ÃŶÔÆäËû²¿ÃŵÄÀ­¶¯×÷ÓÃÒ²Ô½´ó¡£Ó°ÏìÁ¦ÏµÊý´óÓÚ1£¬±íÃ÷¸Ã²úÒµ¶ÔÆäËû²úÒµµÄ´ø¶¯×÷Óó¬¹ýƽ¾ùˮƽ¡£ ´ËÍ⣬×÷Ϊ¹úÃñ¾­¼ÃÖÐÓÐÕ½ÂÔÐÔÒâÒåµÄÔ­²ÄÁϲúÒµ£¬Î§ÈÆÔìÖ½ÒµÑÓÉì³öÀ´µÄ²úÒµÁ´ºÜ³¤£¬Éæ¼°ÁÖÒµ¡¢Å©Òµ¡¢»·±£¡¢Ó¡Ë¢¡¢°ü×°¡¢»¯¹¤¡¢»úеÖÆÔì¡¢×Ô¶¯¿ØÖÆ¡¢½»Í¨µÈÐÐÒµ£¬ÔìÖ½ÒµÕýÊÇ´¦ÓÚÕâ¸ö²úÒµÁ´µÄÖÐÊàµØλ¡£Òò´Ë£¬ÔìÖ½ÒµµÄ¿ìËÙ·¢Õ¹¶ÔÆäÉÏÏÂÓζ¼ÓнÏÇ¿µÄÀ­¶¯×÷ÓᣠȫÇòÔìÖ½Òµ³¤ÆÚµÍÃÔ£¬ÐÐÒµÀûÈóÂʵÍÏ£¬1990Äê´úºóÆÚ£¬»ª¶û½ÖÈÕ±¨Ôø·ÖÎöÖ¸³ö´Ó1976ÄêÖÁ1996ÄêµÄ20Äê¼ä£¬ÃÀ¹úÖƽ¬ÔìÖ½¹¤ÒµËù»ñµÃµÄƽ¾ù»Ø±¨ÂÊÒѵÍÓÚÆä×ʱ¾µÄ¼ÓȨƽ¾ù³É±¾(WeightedAverageCostofCapital¼ò³ÆWACC)¡£µ½Ä¿Ç°ÎªÖ¹£¬ÓÖ¼¸ºõÒѾ­ÕûÕû¹ýÈ¥ÁË40Ä꣬Öƽ¬ÔìÖ½¹¤ÒµµÄƽ¾ù»Ø±¨ÂÊÒÀÈ»µÍÓÚWACC¡£´Ó1987Äêµ½1995Ä꣬ȫÇòÔìÖ½ÒµµÄ×ܹÉƱ¼ÛÖµËðʧÁËÔ¼270ÒÚÃÀÔª¡£1995Äêµ½1999ÄêÕ⼸Äê¼ä£¬ÔìÖ½ÒµµÄ¹ÉƱÊÐÖµ¸üÊÇËõË®ÁË40£¥ÉõÖÁ¸ü¶à¡£¼ÓÉÏÊܵç×ÓýÌåµÄ³å»÷£¬Ó¡Ë¢ÓÃÖ½ºÍÐÂÎÅÓÃÖ½µÄÐèÇóÁ¿ÈÕ½¥Ï½µ£¬ÔÚ08Äê½ðÈÚΣ»úºó£¬È«ÐÐÒµ¸üÊǵøÈë¹Èµ×¡£2010ÄêÈ«ÇòÅÅÃûÇ°10λµÄÖ½Òµ¹«Ë¾Æ½¾ù¾»ÀûÈó´ó¶àÔÚ2-5%Ö®¼ä£¬ÉõÖÁÔâÊÜ¿÷Ëð¡£³¤ÆڵĵÍÀûÈóʹµÃÐÐÒµ²ÉÈ¡¼æ²¢ÊÕ¹ºµÄÊÖ¶ÎÒÔͼÀ©´ó¶ÔÊг¡¼Û¸ñµÄ¿ØÖÆÁ¦£¬Ñ°Çó¹æÄ£¾­¼ÃËù´øÀ´µÄЧÒæ¡£ ÁíÒ»¸öÔ­ÒòÊÇÔìÖ½Òµ¹ýÓÚ·ÖÉ¢¡£ÓÉÓÚÖ½Òµ¸ß¶ÈÒÀÀµÁÖÒµ×ÊÔ´¡¢Ë®×ÊÔ´£¬µØÓò·ÖÉ¢ÐԱȽÏÇ¿¡£ÒÔÎÒ¹úµÄͳ¼ÆÊý¾ÝΪÀýÔÚ´«Í³ÐÐÒµÖжԱȣ¬Ç°10ÃûµÄÖÆÌÇÆóÒµ³¬¹ýÈ«¹ú²úÁ¿µÄ50%£¬¶øÇ°10ÃûµÄÔìÖ½ÆóÒµ½öռȫ¹ú²úÁ¿µÄ20%¶à¡£¼¯Öжȵ͵Ľá¹û¾ÍÔì³ÉÁËÉú²úÄÜÁ¦¹ýÊ££¬Êг¡ÎÞÐò£¬¾ºÕù¼¤ÁÒ£¬²úÆ·¼Û¸ñ¼¤ÁÒ²¨¶¯ÓëÀûÈóÂʵÍϵľÖÃ档ͨ¹ý¼¯ÖÐÉú²úÀ´½â¾ö²úÄܺͲúÆ·¹ýÊ££¬¸ÄÉÆÊг¡ÖÈÐòÌá¸ßÀûÈóÊÇ´óÊÆËùÇ÷µÄ¡£ ÔÚÈ«ÇòÔìÖ½ÒµµÍÃÔµÄ×ÜÌåÇé¿öÏ£¬ÑÇÖÞÊг¡È´Ò»Ö¦¶ÀÐ㣬ÏÔÏÖ³ö¾Þ´óµÄDZÁ¦¡£Ïà¹Ø×ÊÁϱíÃ÷£¬Ö½Æ·µÄÐèÇóÁ¿Ôö³¤ºÍ¾­¼ÃÔö³¤³ÊÏÖÕýÏà¹Ø¡£2009ÄêÖйúÒѾ­Ìæ´úÃÀ¹ú³ÉΪµÚÒ»´óÔìÖ½¹ú£¬Ëæמ­¼ÃµÄ·¢Õ¹£¬ÎÒ¹úÔìÖ½ÐÐÒµÐèÇóÈÔ½«À©´ó£¬Ã¿Äê¾ùÐè½ø¿Ú½ü50ÒÚÃÀ½ðµÄֽƷ£¬ÔìֽЭ»áÔ¤¼ÆδÀ´5ÄêÄê¾ù¸´ºÏÔö³¤¿É´ï8-9%£¬Ô¤¼Æ´Ó2010Äêµ½2015Ä꣬ÎÒ¹ú½«³ÉΪÊÀ½çÖ½Ïû·ÑµÄµÚÒ»´ó¹ú¡£ÁíÍâÎÒ¹úÒÔ¼°Ó¡¶ÈµÈÆäËûÑÇÖÞ·¢Õ¹Öйú¼ÒÏà¶ÔÓÚ·¢´ï¹ú¼Ò£¬ÔÚ»·±£Ö¸±êÉϽÏΪ¿íËÉ£¬´Ó¶øÐγÉÁ˽ϴóµÄͶ×ÊÎüÒýÁ¦¡£ ´ÓÄ¿Ç°µÄÇé¿öÀ´¿´£¬ÖйúÔìÖ½¹¤ÒµÖоßÓйú¼Ê¾ºÕùÁ¦µÄ´óÐÍÆóÒµ¼¯Íź͹ǸÉÆóÒµÊýÁ¿ÉÙ£¬ÆäÓ°ÏìÁ¦¡¢´ø¶¯Á¦ÓдýÌá¸ß£¬Ð¡ÆóÒµ¡¢ÈõÊÆÆóÒµ¶à£¬ÐÐÒµ¹æģЧÒæˮƽµÍ¡£¹æÄ£ÒÔÉÏÔìÖ½ÆóÒµÏúÊÛ×ܶî½öÓëÊÀ½çÇ°ËÄÇ¿ºÏ¼ÆÊýÏ൱¡£2010 Äê¹æÄ£ÒÔÉÏÔìÖ½ÆóÒµ3724 ¼Ò£¬ÆäÖдóÐÍÆóÒµ33 ¼Ò£¬½öÕ¼0.89%£»ÖÐÐÍÆóÒµ388 ¼Ò£¬Õ¼10.42%£»Ð¡ÐÍÆóÒµ3303 ¼Ò£¬Õ¼88.69%£¬ÔìÖ½¹¤ÒµÐ¡¶øÉ¢µÄ¾ÖÃæ¼±Ðè¸Ä¹Û¡£ ÎÒÃǶÔδÀ´Êг¡½øÐÐÁËÔ¤²â¡£µ½2020Ä꣬ÊÀ½çÖ½ºÍÖ½°åÐèÇóÔ¤²âÄêÔö³¤1.9%£¬ÎÀÉúÖ½¡¢ÏäÖ½°åºÍÍßÀãÔ­Ö½¡¢°×Ö½°åÔöËÙÏà¶Ô¿ì£¬ÎÄ»¯ÓÃÖ½»¹ÓÐÒ»¶¨µÄÔö³¤¿Õ¼ä£¬µ«ÐÂÎÅÖ½ÊDz»»áÔÙÔö³¤ÁË¡£ ÔÙÕߣ¬½á¹¹ÐÔÒòËسÉÊìÊг¡¡¢ITCÌôÕ½¡¢°ü×°ÐÐÒµ´ÓÎ÷·½Ïò¶«ÄÏתÒÆ×è°­ÁË·¢´ï¹ú¼ÒÐèÇóµÄ»Ö¸´£¬¶øÖйúºÍÆäËûÑÇÖÞ¹ú¼ÒÕâÀàÐÂÐËÊг¡µ½2020ÄêÇ°½«¼ÌÐøѸËÙÔö³¤¡£ ÐÂÐËÊг¡¹ú¼Ò½«Ö§³ÅÕû¸öÔìÖ½ÒµµÄÐèÇóÔö³¤£¬ÆäÖÐÖйú½«ÊÇÖØÒªµÄ¡£2009¡«2020Ä꣬ȫÇòÖ½ÕŵÄÐèÇó£¬ÖйúºÍÓ¡¶È½«ÊÇÔö³¤Ö÷Òª´ø¶¯¹ú£¬È«Çò½ü70%µÄÔö³¤½«À´×ÔÕâÁ½¸ö¹ú¼Ò¡£ ÔÚÔìÖ½ÖÆÔìÐÐÒµ£¬¸÷´ó¹«Ë¾ÎªÁËÈ¡µÃÊг¡¾ºÕùµÄÖ÷¶¯È¨£¬·×·×¼¯ÖÐÈËÁ¦¡¢ÎïÁ¦¡¢²ÉÓÃ×îм¼Êõ£¬Éè¼Æ×îвúÆ·£¬²¢¾¡Á¿Ëõ¶ÌвúÆ·µÄ¿ª·¢ÖÜÆÚ¡£Í¬Ê±£¬ÎªÁ˳äʵÁ¦Á¿£¬¸ü¶àµÄ¹«Ë¾ºÍ¼¯ÍŽ«½øÐм沢»òÁªºÏ¡£¾Ýͳ¼Æ£¬µ±½ñÊÀ½ç12¸ö´óÐÍ¿ç¹úÔìÖ½Éú²ú¼¯ÍŵIJúÁ¿ÒÑÕ¼ÓÐÊÀ½çÔìÖ½Êг¡¡£ÔÚÔìÖ½Éú²ú´ó¹úÖУ¬´óÐÍÆóÒµ×ãÒÔ×óÓÒÊÀ½çÔìÖ½Êг¡¡£ÔÚÔìÖ½Éú²ú´ó¹úÖУ¬´óÐÍÆóÒµ¼¯ÍŵÄ¢¶Ï×÷ÓÃÔò¸ü¼ÓÃ÷ÏÔ£¬ÈçµÂ¹ú´óÖÚÔìÖ½¹«Ë¾µÄÔìÖ½²úÁ¿ÒÑԼռȫ¹ú²úÁ¿µÄ70£¥£»ÈÕ±¾·áÌï¡¢±¾ÌïºÍÈÕ²úÈý´óÔìÖ½¹«Ë¾µÄ²úÁ¿Ò²½Ó½üÈ«¹úÔìÖ½²úÁ¿µÄ70£¥£»¶øÃÀ¹úºÍº«¹ú´óÆóÒµ¼¯ÍÅÔÚ±¾¹úÄÚËùÕ¼µÄ±ÈÀýÔò¸ü´ó£¬´ï90£¥ÒÔÉÏ¡£ ÏÖ´úÔìÖ½ÒµµÄÌØÕ÷£º 1. ×ʽðÃܼ¯ÐÍ¡£ÏÖ´úÔìÖ½ÒµÐèÒªÐÛºñ×ʽð×÷ºó¶Ü¡£ÀýÈ磬APPµÄ½ðº£½¬Ö½³§Ò»ÆÚÖƽ¬Éú²úÏßÊÇÆù½ñΪֹÊÀ½çÉϾßÓг¬´ó¹æÄ£¡¢¼¼Êõ×îÏȽø¡¢×î»·±£µÄµ¥Ò»Öƽ¬Éú²úÏßÖ®Ò»£¬ÆäÒ»ÆÚ×ÜͶ×ʾʹﵽÁË105ÒÚÔªÈËÃñ±Ò¡£ 2. ¹æÄ£¾­¼Ã¡£ÏÖ´úÔìÖ½ÒµµÄÆóÒµ¹æÄ£ÓëÆä¾­¼ÃЧÒæÃÜÇÐÏà¹Ø¡£¸ù¾Ý¹ú¼Ê¾­Ñ飬н¨Éú²úÄÜÁ¦±ÈÔ­¶¨¹æÄ£´ó1±¶µÄ»¯Ñ§Öƽ¬Éú²úÏߣ¬½öÐèÔö¼Ó57£¥µÄͶ×Ê£¬¶ø²»ÊÇ1±¶¡£Í¶×ʳɱ¾½Ú½µÏ൱Ã÷ÏÔ¡£ 3. ²ÉÓÃ×îÏȽøµÄ¹¤ÒÕ¼¼Êõ£¬°üÀ¨»·±£×°±¸¡£»¹ÒԽ𺣽¬Ö½ÎªÀý¡£½ðº£½¬Ö½´ÓÉú²ú²Ù×÷µ½Æ·Öʼà¿Ø£¬¾ù²ÉÓÃDCS×Ô¶¯¼à¿Øϵͳ¡¢QCSÆ·ÖʹܿØϵͳ¡¢MESÉú²ú×ÊѶ¹ÜÀíϵͳ¼°È«Ì×SAPϵͳ£¬ÊµÏÖÁ˸÷ÁìÓò¡¢È«·½Î»×÷ÒµºÍ¹ÜÀíµÄ×Ô¶¯»¯ºÍÐÅÏ¢»¯¡£ÔÚÆäÒ»ÆÚ×ÜͶ×ÊÖУ¬27ÒÚԪͶ×ÊÓÚ»·±££¬Ô¼Õ¼Ò»ÆÚ×ÜͶ×ʶîµÄ1/4¡£ 4. ²úÆ·ÖÊÁ¿¸ß¡¢×ÊÔ´ÏûºÄµÍ¡£Ïû·ÑÕ߶úÊìÄÜÏêµÄÓÅÖÊֽƷÈ硰Ψ½àÑÅ¡±¡¢¡°Çå·ç¡±¡¢¡°ÕæÕ桱¡¢¡°½ðÆì½¢¡±µÈ¶¼À´×ÔÓÚ´óÐ͵ÄÏÖ´úÔìÖ½³§£»¶øÕâЩ´ó³§ÒѾ­Ö¤Ã÷×Ô¼º²»ÊÇ¡°Á½¸ßÒ»×Ê¡±£¬¶øÊÇ¡°×ÊÔ´½ÚÔ¼ÐÍ¡¢»·¾³ÓѺÃÐÍ¡±µÄÆóÒµ£¬ÆäÎÛȾÎïÅÅ·ÅÁ¿Ô¶µÍÓÚ¹ú¼Ò±ê×¼£¬ÉõÖÁ´ïµ½ÊÀ½çÁìÏÈˮƽ¡£ 5. Ñ­»·ÔÙÀûÓá£Õâ°üÀ¨¶Ô·ÏÖ½¡¢·ÏË®ºÍ¹ÌÌå·ÏÆúÎïµÄ»ØÊÕ¼°ÔÙÀûÓá£ÒÔ·ÏֽΪÀý£¬2010Ä꣬Äþ²¨Ñǽ¬»ØÊÕ·ÏÖ½×÷ΪÖƽ¬Ô­²ÄÁϵıÈÀý´ïµ½50%£¬¶øAPPÆìÏÂÖ÷Òª½¬Ö½³§µÄˮѭ»·ÀûÓÃÂʾù³¬¹ý90%ÒÔÉÏ£¬²¿·ÖÖ½³§ÉõÖÁ´ïµ½95%ÒÔÉÏ¡£