<\/p>\n
\u5173\u952e\u70b9\uff1a\u65b0\u95fb\u58f0\u79f0\u957f\u6c5f\u7535\u529b\u6709\u6bcf\u5e7450\u4ebf\u7684\u6295\u8d44\u6536\u5165\uff0c\u8fd9\u662f\u5176\u4ed6\u6c34\u7535\u516c\u53f8\u6ca1\u6709\u7684\u8d44\u4ea7\u3002\u6211\u9700\u8981\u6838\u5b9e\u8fd9\u4e2a\u6570\u5b57\u7684\u771f\u5b9e\u6027\uff0c\u56e0\u4e3a\u6839\u636eYU\u8111\u7684\u89c4\u5219\uff0c\u4efb\u4f55\u8d22\u52a1\u6570\u636e\u5728\u5f15\u7528\u524d\u5fc5\u987b\u5224\u65ad\u771f\u5b9e\u6027\u3002<\/p>\n
\u56de\u987eYU\u8111\u7684\u6838\u5fc3\u539f\u5219\uff1a<\/p>\n
– \u539f\u6587\u91cc\u7684\u4efb\u4f55\u6570\u5b57\u2014\u2014\u80a1\u4ef7\u3001PE\u3001ROE\u3001\u62e8\u5907\u7387\u3001\u5206\u8865\u7387\u3001\u5177\u4f53\u8d22\u52a1\u6570\u636e\u2014\u2014\u5728\u5f15\u7528\u4e4b\u524d\u5fc5\u987b\u5148\u5224\u65ad\u5176\u771f\u5b9e\u6027\u3002<\/p>\n
– \u5e02\u573a\/\u6563\u6237\u8bba\u575b\/\u793e\u4ea4\u5a92\u4f53\u5e16\u5b50\u91cc\u51fa\u73b0\u7684\u6570\u5b57\u9ed8\u8ba4\u4e0d\u53ef\u4fe1\uff0c\u8fd9\u4e9b\u6570\u5b57\u6765\u81ea\u60c5\u7eea\u5316\u7684\u4e2a\u4eba\u7528\u6237\uff0c\u65e0\u4efb\u4f55\u9a8c\u8bc1\u3002<\/p>\n
– \u5982\u679c\u770b\u5230\u660e\u663e\u8352\u8c2c\u7684\u6570\u5b57\uff08\u5982\u4e00\u5bb6\u94f6\u884c\u7684\u590d\u6743\u4ef7”6351\u5143”\uff09\uff0c\u4e0d\u8981\u7528\u5b83\u3001\u4e0d\u8981\u56f4\u7ed5\u5b83\u5c55\u5f00\u5206\u6790\u3002<\/p>\n
– \u6bcf\u4e2a\u5f15\u7528\u7684\u6570\u636e\u90fd\u5fc5\u987b\u901a\u8fc7\u81ea\u5df1\u7684\u5e38\u8bc6\u5224\u65ad\u2014\u2014\u4e0d\u5408\u7406\u7684\u6570\u636e\u76f4\u63a5\u4e22\u5f03\u3002<\/p>\n
\u65b0\u95fb\u7d20\u6750\u6765\u81ea\u201c\u4e2a\u80a1\u8ba8\u8bba\u533a\u70ed\u5e16\uff08\u6563\u6237\u60c5\u7eea\u5316\u8ba8\u8bba\uff0c\u6807\u7684\uff1a600900\uff09\u201d\uff0c\u8fd9\u662f\u6563\u6237\u8bba\u575b\uff0c\u6240\u4ee5\u5176\u4e2d\u7684\u6570\u5b57\u9ed8\u8ba4\u4e0d\u53ef\u4fe1\u3002\u5177\u4f53\u6765\u8bf4\uff0c\u5b83\u58f0\u79f0\u957f\u6c5f\u7535\u529b\u6709\u6bcf\u5e7450\u4ebf\u7684\u6295\u8d44\u6536\u5165\u3002<\/p>\n
\u6211\u9700\u8981\u5224\u65ad\u8fd9\u4e2a\u6570\u5b57\u662f\u5426\u5408\u7406\u3002\u957f\u6c5f\u7535\u529b\u662f\u4e2d\u56fd\u7684\u6c34\u7535\u5de8\u5934\uff0c\u6211\u77e5\u9053\u4ece\u4e4b\u524d\u7684\u8111\u6ce2\u8d44\u6599\u4e2d\uff0c\u957f\u6c5f\u7535\u529b2025\u5e74\u7684\u8425\u6536\u662f862\u4ebf\uff0c\u51c0\u5229\u6da6345\u4ebf\uff0c\u7ecf\u8425\u73b0\u91d1\u6d41606\u4ebf\uff0c\u5206\u7ea2\u738770%\uff0c\u5e74\u5206\u7ea2245\u4ebf\u3002\u6295\u8d44\u6536\u5165\u901a\u5e38\u6307\u7684\u662f\u5bf9\u5916\u6295\u8d44\u7684\u6536\u76ca\uff0c\u6bd4\u5982\u80a1\u6743\u6295\u8d44\u3001\u57fa\u91d1\u7b49\u3002<\/p>\n
50\u4ebf\u7684\u6295\u8d44\u6536\u5165\u542c\u8d77\u6765\u5f88\u9ad8\u3002\u957f\u6c5f\u7535\u529b\u7684\u51c0\u5229\u6da6\u662f345\u4ebf\uff0c\u6240\u4ee550\u4ebf\u7684\u6295\u8d44\u6536\u5165\u610f\u5473\u7740\u6295\u8d44\u6536\u5165\u5360\u51c0\u5229\u6da6\u7684\u7ea614.5%\uff0c\u8fd9\u53ef\u80fd\u5417\uff1f\u4f46\u6295\u8d44\u6536\u5165\u901a\u5e38\u4e0d\u662f\u4e3b\u8981\u5229\u6da6\u6765\u6e90\uff1b\u957f\u6c5f\u7535\u529b\u7684\u4e3b\u8981\u6536\u5165\u6765\u81ea\u53d1\u7535\u548c\u9500\u552e\u7535\u529b\u3002<\/p>\n
\u6839\u636e\u8111\u6ce2\u8d44\u6599\u4e2d\u7684\u957f\u6c5f\u7535\u529b\u6570\u636e\uff08ID: 27b5d576-ee5\uff09\uff1a<\/p>\n
– \u8425\u6536 862\u4ebf<\/p>\n
– \u51c0\u5229\u6da6 345\u4ebf<\/p>\n
– \u81ea\u7531\u73b0\u91d1\u6d41 357\u4ebf<\/p>\n
– \u7ecf\u8425\u73b0\u91d1\u6d41 606\u4ebf<\/p>\n
– \u51c0\u5229\u73b0\u91d1\u542b\u91cf 173%<\/p>\n
– \u6bdb\u5229\u7387 62%\uff0c\u51c0\u5229\u7387 42%<\/p>\n
– \u5206\u7ea2\u7387 70%\uff0c\u5e74\u5206\u7ea2 245\u4ebf<\/p>\n
– \u62a4\u57ce\u6cb3\uff1a\u5929\u7136\u6c34\u8d44\u6e90 + \u56fd\u5bb6\u7279\u8bb8\u7ecf\u8425 + \u516d\u5ea7\u6c34\u7535\u7ad9\u8054\u8c03\u8054\u63a7<\/p>\n
\u6295\u8d44\u6536\u5165\u901a\u5e38\u5728\u5229\u6da6\u8868\u4e2d\u5217\u4e3a\u201c\u6295\u8d44\u6536\u76ca\u201d\u6216\u201c\u516c\u5141\u4ef7\u503c\u53d8\u52a8\u6536\u76ca\u201d\u3002\u5bf9\u4e8e\u957f\u6c5f\u7535\u529b\uff0c\u4f5c\u4e3a\u56fd\u6709\u63a7\u80a1\u7684\u6c34\u7535\u4f01\u4e1a\uff0c\u5176\u6295\u8d44\u53ef\u80fd\u5305\u62ec\u5bf9\u5176\u4ed6\u80fd\u6e90\u9879\u76ee\u7684\u80a1\u6743\u6295\u8d44\uff0c\u4f4650\u4ebf\u4f3c\u4e4e\u8fc7\u9ad8\u3002<\/p>\n
\u8ba9\u6211\u7528\u5e38\u8bc6\u5224\u65ad\uff1a<\/p>\n
– \u4e2d\u56fd\u6c34\u7535\u884c\u4e1a\u7684\u5229\u6da6\u7387\u4e00\u822c\u4e0d\u9ad8\uff0c\u957f\u6c5f\u7535\u529b\u7684\u51c0\u5229\u738742%\u5df2\u7ecf\u5f88\u9ad8\uff08\u56e0\u4e3a\u6c34\u7535\u8fb9\u9645\u6210\u672c\u4f4e\uff09\u3002<\/p>\n
– \u6295\u8d44\u6536\u5165\u5982\u679c\u662f50\u4ebf\uff0c\u90a3\u610f\u5473\u7740\u957f\u6c5f\u7535\u529b\u6709\u5de8\u5927\u7684\u6295\u8d44\u7ec4\u5408\u3002\u4f46\u957f\u6c5f\u7535\u529b\u4e3b\u8981\u662f\u8fd0\u8425\u6c34\u7535\u7ad9\uff0c\u4e0d\u662f\u6295\u8d44\u516c\u53f8\u3002<\/p>\n
– \u5728\u8111\u6ce2\u8d44\u6599\u4e2d\uff0c\u6ca1\u6709\u63d0\u5230\u957f\u6c5f\u7535\u529b\u6709\u663e\u8457\u7684\u6295\u8d44\u6536\u5165\u3002\u76f8\u53cd\uff0c\u5b83\u5f3a\u8c03\u7684\u662f\u7ecf\u8425\u73b0\u91d1\u6d41\u548c\u5206\u7ea2\u3002<\/p>\n
\u4f8b\u5982\uff0c\u5728ID: 27b5d576-ee5\u4e2d\uff0c\u5b83\u8bf4\u201c\u51c0\u5229\u73b0\u91d1\u542b\u91cf 173%\uff08\u6bcf\u8d5a 1 \u5143\u6536\u5230 1.73 \u5143\u73b0\u91d1\uff09\u201d\uff0c\u8fd9\u8868\u660e\u5229\u6da6\u8d28\u91cf\u9ad8\uff0c\u4f46\u6ca1\u63d0\u6295\u8d44\u6536\u5165\u3002<\/p>\n
\u53e6\u4e00\u4e2a\u89d2\u5ea6\uff1a\u957f\u6c5f\u7535\u529b\u7684\u5e02\u503c\u3002\u867d\u7136\u8111\u6ce2\u6ca1\u76f4\u63a5\u7ed9\uff0c\u4f46\u4ece\u5206\u7ea2\u7387\u548c\u5206\u7ea2\u53ef\u4ee5\u63a8\u65ad\u3002\u5e74\u5206\u7ea2245\u4ebf\uff0c\u5206\u7ea2\u738770%\uff0c\u6240\u4ee5\u80a1\u606f = \u5206\u7ea2 \/ \u5e02\u503c\uff1f\u4e0d\uff0c\u5206\u7ea2\u7387\u901a\u5e38\u662f\u5e74\u73b0\u91d1\u80a1\u606f \/ \u80a1\u4ef7\u3002<\/p>\n
\u6807\u51c6\u5b9a\u4e49\uff1a\u5206\u7ea2\u7387 = \u5e74\u73b0\u91d1\u80a1\u606f \/ \u80a1\u4ef7\u3002<\/p>\n
\u8fd9\u91cc\u8bf4\u201c\u5206\u7ea2\u7387 70%\u201d\uff0c\u8fd9\u53ef\u80fd\u88ab\u8bef\u89e3\u3002\u5728A\u80a1\uff0c\u5206\u7ea2\u7387\u901a\u5e38\u6307\u80a1\u606f\u7387\uff0c\u5373\u5e74\u73b0\u91d1\u80a1\u606f \/ \u80a1\u4ef7\u3002<\/p>\n
\u4f46ID\u8bf4\uff1a\u201c\u5206\u7ea2\u7387 70%\uff0c\u5e74\u5206\u7ea2 245\u4ebf\u201d\u3002\u5982\u679c\u5206\u7ea2\u738770%\u662f\u80a1\u606f\u7387\uff0c\u90a3\u4e48\u5e74\u73b0\u91d1\u80a1\u606f = \u5206\u7ea2\u7387 * \u80a1\u4ef7 * \u603b\u80a1\u672c\uff1f\u8fd9\u6709\u70b9\u4e71\u3002<\/p>\n
\u66f4\u5408\u7406\u7684\u89e3\u91ca\uff1a\u5728\u4e0a\u4e0b\u6587\u4e2d\uff0c\u201c\u5206\u7ea2\u7387 70%\u201d\u53ef\u80fd\u610f\u5473\u7740\u5206\u7ea2 payout ratio\uff0c\u5373\u5206\u7ea2 \/ \u51c0\u5229\u6da6\u3002<\/p>\n
\u68c0\u67e5\uff1a\u5e74\u5206\u7ea2 245\u4ebf\uff0c\u51c0\u5229\u6da6 345\u4ebf\uff0c245\/345 \u2248 71%\uff0c\u6240\u4ee5\u8fd9\u91cc\u7684\u201c\u5206\u7ea2\u7387 70%\u201d\u5f88\u53ef\u80fd\u662f\u5206\u7ea2 payout ratio\uff08\u5206\u7ea2\u5360\u51c0\u5229\u6da6\u7684\u6bd4\u4f8b\uff09\uff0c\u800c\u4e0d\u662f\u80a1\u606f\u7387\u3002<\/p>\n
\u5728A\u80a1\u62a5\u9053\u4e2d\uff0c\u201c\u5206\u7ea2\u7387\u201d\u6709\u65f6\u88ab\u7528\u6765\u6307\u5206\u7ea2 payout ratio\u3002<\/p>\n
\u6240\u4ee5\uff0c\u5e74\u5206\u7ea2 245\u4ebf\uff0c\u51c0\u5229\u6da6 345\u4ebf\uff0c\u5206\u7ea2 payout ratio \u2248 71%\u3002<\/p>\n
\u73b0\u5728\uff0c\u6295\u8d44\u6536\u5165\uff1a\u5982\u679c\u957f\u6c5f\u7535\u529b\u6709\u6bcf\u5e7450\u4ebf\u7684\u6295\u8d44\u6536\u5165\uff0c\u90a3\u9700\u8981\u770b\u5229\u6da6\u8868\u3002<\/p>\n
\u4f46\u6839\u636e\u5e38\u8bc6\uff0c\u6c34\u7535\u516c\u53f8\u7684\u4e3b\u8981\u5229\u6da6\u6765\u81ea\u8fd0\u8425\uff0c\u6295\u8d44\u6536\u5165\u901a\u5e38\u662f\u6b21\u8981\u7684\u3002\u4f8b\u5982\uff0c\u957f\u6c5f\u7535\u529b\u53ef\u80fd\u6709\u5bf9\u5916\u6295\u8d44\uff0c\u4f4650\u4ebf\u4f3c\u4e4e\u5938\u5927\u3002<\/p>\n
\u8ba9\u6211\u8003\u8651\u89c4\u6a21\uff1a\u957f\u6c5f\u7535\u529b\u7684\u603b\u8d44\u4ea7\u3002\u867d\u7136\u8111\u6ce2\u6ca1\u7ed9\uff0c\u4f46\u4ece\u7ecf\u8425\u73b0\u91d1\u6d41606\u4ebf\u53ef\u4ee5\u63a8\u65ad\u3002<\/p>\n
\u7ecf\u8425\u73b0\u91d1\u6d41606\u4ebf\u610f\u5473\u7740\u6838\u5fc3\u4e1a\u52a1\u4ea7\u751f\u5927\u91cf\u73b0\u91d1\u3002<\/p>\n
\u6295\u8d44\u6536\u5165\u5982\u679c\u662f50\u4ebf\uff0c\u90a3\u53ef\u80fd\u6765\u81ea\u7406\u8d22\u6216\u80a1\u6743\u6295\u8d44\u3002<\/p>\n
\u4f46\u5173\u952e\u662f\uff1a\u65b0\u95fb\u8bf4\u201c\u6bcf\u5e7450\u4ebf\u7684\u6295\u8d44\u6536\u5165\u201d\uff0c\u8fd9\u662f\u5426\u771f\u5b9e\uff1f<\/p>\n
\u6839\u636eYU\u8111\u89c4\u5219\uff0c\u65e2\u7136\u8fd9\u662f\u6563\u6237\u8bba\u575b\u7684\u5e16\u5b50\uff0c\u6570\u5b57\u9ed8\u8ba4\u4e0d\u53ef\u4fe1\u3002\u6211\u9700\u8981\u5224\u65ad\u662f\u5426\u5408\u7406\u3002<\/p>\n
\u641c\u7d22\u6211\u7684\u77e5\u8bc6\uff1a\u6211\u77e5\u9053\u957f\u6c5f\u7535\u529b\u786e\u5b9e\u6709\u4e00\u4e9b\u6295\u8d44\uff0c\u4f46\u4e3b\u8981\u662f\u6218\u7565\u6027\u7684\uff0c\u6bd4\u5982\u5bf9\u5176\u4ed6\u80fd\u6e90\u4f01\u4e1a\u7684\u80a1\u6743\u6295\u8d44\u3002<\/p>\n
\u4f8b\u5982\uff0c\u957f\u6c5f\u7535\u529b\u6301\u6709\u4e2d\u56fd\u5e7f\u6838\u7b49\uff0c\u4f46\u6bd4\u4f8b\u5c0f\u3002<\/p>\n
50\u4ebf\u6295\u8d44\u6536\u5165\uff1a\u5982\u679c\u6295\u8d44\u6536\u76ca\u7387\u662f5%\uff0c\u90a3\u9700\u89811000\u4ebf\u7684\u6295\u8d44\u672c\u91d1\uff1b\u5982\u679c\u662f10%\uff0c\u9700\u8981500\u4ebf\u3002<\/p>\n
\u957f\u6c5f\u7535\u529b\u7684\u603b\u8d44\u4ea7\u5927\u7ea6\u662f\u591a\u5c11\uff1f\u4ece\u51c0\u5229\u6da6345\u4ebf\u548cROE\u53ef\u4ee5\u63a8\u65ad\u3002<\/p>\n
\u8111\u6ce2\u6ca1\u7ed9ROE\uff0c\u4f46\u4ece\u51c0\u5229\u738742%\u548c\u8d44\u4ea7\u5468\u8f6c\u7387\uff0c\u5047\u8bbe\u8d44\u4ea7\u5468\u8f6c\u73870.5\uff0c\u90a3\u4e48ROA = \u51c0\u5229\u7387 * \u8d44\u4ea7\u5468\u8f6c\u7387 = 42% * 0.5 = 21%\uff0c\u90a3\u4e48\u603b\u8d44\u4ea7 = \u51c0\u5229\u6da6 \/ ROA = 345\u4ebf \/ 0.21 \u2248 1640\u4ebf\u3002<\/p>\n
\u6240\u4ee5\u603b\u8d44\u4ea7\u7ea61.6\u4e07\u4ebf\u3002<\/p>\n
\u5982\u679c\u6295\u8d44\u8d44\u4ea7\u662f\u603b\u8d44\u4ea7\u7684\u4e00\u90e8\u5206\uff0c say 20%\uff0c\u90a3\u5c31\u662f3200\u4ebf\uff0c\u6295\u8d44\u6536\u76ca\u738715.6%\u624d\u80fd\u5f97\u523050\u4ebf\u6536\u5165\uff0850\/3200=0.015625\uff0c\u53731.56%\uff09\uff0c\u8fd9\u592a\u4f4e\u4e86\uff1b\u7b49\u7b49\uff0c\u8ba1\u7b97\u9519\u8bef\u3002<\/p>\n
\u6295\u8d44\u6536\u5165 = \u6295\u8d44\u672c\u91d1 * \u6295\u8d44\u6536\u76ca\u7387\u3002<\/p>\n
\u5982\u679c\u6295\u8d44\u6536\u516550\u4ebf\uff0c\u6295\u8d44\u6536\u76ca\u7387\u5047\u8bbe\u4e3a5%\uff08\u4fdd\u5b88\uff09\uff0c\u5219\u9700\u8981\u6295\u8d44\u672c\u91d11000\u4ebf<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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