① A镶¤繛缁涓夊勾鍑璧勪骇鏀剁泭鐜囧ぇ浜15%镄50鍙澶х槠椹锛圧OE銆佸噣鍒╂鼎銆佹瘘鍒╃巼锛
镶″竞涓镄勬姇璧勭樼睄锛孯OE钬斺旇繖涓鐪嬩技绁炵樼殑鎸囨爣锛屽叾瀹炲叧涔庝紒涓氭牳蹇冧环鍊肩殑鎻愬崌銆傚氨杩炶偂绁炲反凿茬壒閮藉皢鍏惰嗕负阃夎偂镄勯栬佽冮噺锛屽洜涓洪珮ROE浠ｈ〃浜嗙ǔ锅ョ殑鐩埚埄澧为暱銆俣OE瓒呰繃20%涓旀寔缁澧为暱镄勪紒涓氾纴镞犵枒鏄鎶曡祫镄勭拃镨ㄦ槑鐝犮
鍦ㄨ偂甯傜殑杩峰涓锛岃稿氢汉瀵筊OE镄勮ょ煡灏氩瓨绌虹槠銆备絾瑕佺煡阆掳纴镶＄エ浠峰肩殑澧为暱骞堕潪鍗旷函渚濊禆鍑鍒╂鼎锛岃屾槸鍑璧勪骇涔树互PB锛埚竞鍑鐜囷级镄勫嶅悎鏁埚簲銆傚反凿茬壒寮鸿皟锛屽嶅埄镄勫姏閲忓湪浜嶳OE锛屽畠鍐冲畾浜呜祫浜х殑闀挎湡澧为暱阃熷害銆
涓涓鏄捐宪镄勪簨瀹炴槸锛孯OE杩炵画浜斿勾瓒呰繃20%镄勮偂绁锛屽叾甯傜泩鐜囬氩父涓崭细鏄捐宪楂树簬ROE链韬銆傝繖鏄锲犱负ROE鏄鍐冲畾闀挎湡鏀剁泭镄勫叧阌锲犵礌銆傚綋PB锛埚竞鍑鐜囷级淇濇寔绋冲畾镞讹纴鎶曡祫锲炴姤寰寰瓒嬭繎浜嶳OE镄勬按骞筹纴鏄剧ず鍑哄噣璧勪骇浠峰肩殑寮哄姴澧为暱娼滃姏銆
鍦ㄩ暱链熸寔链夎偂绁ㄧ殑绛栫暐涓锛孯OE涓庢姇璧勮呯殑锲炴姤鎭鎭鐩稿叧銆俣OE镄勬彁鍗囦细鎺ㄥ姩PB涓婂崌锛屾彁鍗囦紒涓氱殑鍑璧勪骇浠峰硷纴浠庤屼负鎶曡祫钥呭甫𨱒ュ彲瑙傜殑鏀剁泭銆傚洜姝わ纴ROE涓崭粎鏄浼板肩殑锘虹锛屾洿鏄琛￠噺浼佷笟鐩埚埄鑳藉姏镄勯噾镙囧嗳銆
瑕佺悊瑙ｈ繖涓镣癸纴涓嶅Θ鐪嬬湅闾ｄ簺ROE瓒呰繃15%镄勫ぇ锏介┈銆备緥濡傦纴璐靛窞锣呭彴锛岀槠閰掕屼笟镄勯緳澶达纴鍏禦OE娉㈠姩鍦24%镊34%涔嬮棿锛屽噣鍒╂鼎澧为熸侪浜恒备腑锲戒腑鍏岖殑鍏岖◣涓氩姟钖屾牱鍑鸿壊锛孯OE鍦14%镊19%涔嬮棿锛屽噣鍒╂鼎澧为暱绋冲仴銆傜溂绉戣屼笟镄勭埍灏旂溂绉戯纴ROE涓庡噣鍒╂鼎钖屾ユ彁鍗囷纴鏄剧ず鍑哄己锷茬殑鍐呯敓澧为暱銆
褰撶劧锛屾姇璧勪笉鍙鏄鐪婻OE锛岃缮闇缁揿悎PE銆佹瘘鍒╃巼鍜屽噣鍒╂鼎绛夊氱淮搴﹀垎鏋愩备緥濡傦纴鎭掔憺鍖昏嵂浣滀负鍖栬嵂榫椤ご锛孯OE绋冲畾鍦23%锛屽噣鍒╂鼎澧为暱涔熶缭鎸佸湪楂树綅銆傝岄噾铻嶅法澶翠腑锲藉钩瀹夛纴ROE鍦14%镊23%娉㈠姩锛屼綋鐜颁简鍏剁ǔ锅ョ殑鐩埚埄琛ㄧ幇銆
鍦ㄦ写阃夎偂绁ㄦ椂锛屽傜墖浠旂檧镄勭█缂鸿嵂鍝佷笟锷★纴ROE鍜屾瘘鍒╃巼閮借〃鐜板嚭镩诧绂鎴栨槸铡ㄥ叿榫椤ご鑻忔硦灏旓纴鍏禦OE鍜屽噣鍒╂鼎澧为暱鍧囧憟涓婂崌瓒嫔娍銆傞氲繃娣卞叆镰旂┒杩欎簺浼佷笟镄凴OE琛ㄧ幇锛屾姇璧勮呰兘镟村ソ鍦板彂鎺树环鍊兼姇璧勭殑链轰细銆
铹惰岋纴姣忎釜琛屼笟镄勯緳澶村叕鍙歌〃鐜板悇寮傦纴渚嫔备竾绉慉銆佹牸锷涚数鍣ㄧ瓑锛屼粬浠镄凴OE銆佹瘘鍒╃巼鍜屽噣鍒╂鼎澧为暱閮芥湁钖勮嚜镄勭壒镣广傞吨瑕佺殑鏄锛屾姇璧勮呰佺粨钖埚叕鍙稿熀链闱㈠拰甯傚満鐜澧冿纴鍏ㄩ溃瑙ｈ籖OE鑳屽悗镄勬晠浜嬨
浠ヤ笂鍙鏄閮ㄥ垎鍏鍙哥殑绮剧亩鏁版嵁锛岃佷简瑙ｆ洿澶氲︽儏锛屾繁鍏ユ寲鎺楻OE鑳屽悗镄勪紒涓氭晠浜嬶纴镓嶈兘鍦ㄨ偂甯傜殑娴锋磱涓镓惧埌灞炰簬镊宸辩殑阍荤煶銆傝╂垜浠涓璧锋帰绱锛屽备綍阃氲繃ROE杩欎竴鍏抽敭鎸囨爣锛屾寲鎺桦嚭闾ｄ簺鐪熸ｈ兘甯︽潵鎸佺画鏀剁泭镄勫ぇ锏介┈銆