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01<\/strong><\/span><\/section>\n<\/section>\n<\/section>\n<\/article>\n

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\u636e\u4e16\u754c\u65b9\u4fbf\u9762\u534f\u4f1a(WINA)\u6570\u636e\u663e\u793a\uff0c2013\u5e74\u52302016\u5e74\uff0c\u4e2d\u56fd\u5168\u5e02\u573a\u6ce1\u9762\u9700\u6c42\u4ece462.2\u4ebf\u4efd\u4e0b\u8dcc\u81f3385.2\u4ebf\u4efd\u3002\u76f8\u5f53\u4e8e\u4e09\u5e74\u5185\u5e73\u5747\u6bcf\u5929\u9700\u6c42\u4e0b\u964d723\u4e07\u4efd\u3002\u5728\u901f\u98df\u9f3b\u7956\u65b9\u4fbf\u9762\u5e02\u573a\u9010\u6e10\u840e\u7f29\u7684\u80cc\u666f\u4e0b\uff0c\u888b\u88c5\u87ba\u86f3\u7c89\u8fce\u6765\u4e86\u6625\u5929\u3002<\/span><\/section>\n<\/section>\n
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\u4f8b\u5982\uff0c\u6539\u826f\u4e8e\u6e56\u5357\u5e73\u6c5f\u9171\u8c46\u5e72\u7684\u96f6\u98df\u8fa3\u6761\uff0c\u66fe\u7ecf\u662f\u65e0\u657080\u540e\u300190\u540e\u5fc3\u4e2d\u6700\u4f73\u7684\u201c\u653e\u5b66\u4f34\u4fa3\u201d\u3002\u5982\u4eca\uff0c\u8fd9\u6761\u88ab\u5bb6\u957f\u79f0\u4e3a\u201c\u5783\u573e\u98df\u54c1\u201d\u7684\u8fa3\u6761\u8d5b\u9053\uff0c\u5374\u8dd1\u51fa\u4e86\u80fd\u5c06\u4e00\u53055\u6bdb\u94b1\u7684\u8fa3\u6761\u5356\u51fa\u8d8540\u4ebf\u89c4\u6a21\u7684\u201c\u8fa3\u6761\u4e00\u54e5\u201d\u536b\u9f99\u3002<\/span><\/section>\n<\/section>\n
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\u536b\u9f99\u7684\u6545\u4e8b\u8981\u4ece2003\u5e74\u8bf4\u8d77\u3002<\/span><\/strong>\u5f7c\u65f6\u5e02\u9762\u4e0a\u8fa3\u6761\u751f\u4ea7\u5382\u5bb6\u4f17\u591a\uff0c\u4f46\u5927\u591a\u4ee5\u5c0f\u4f5c\u574a\u4e3a\u4e3b\uff0c\u6ca1\u6709\u6807\u51c6\u7684\u7ecf\u8425\u89c4\u8303\uff0c\u7f3a\u4e4f\u98df\u54c1\u5b89\u5168\u76d1\u7ba1\u3002\u4f46\u5373\u4fbf\u8fd9\u6837\uff0c\u8fa3\u6761\u4e5f\u4f9d\u65e7\u5360\u9886\u4e86\u96f6\u98df\u5e02\u573a\u7684\u4e3b\u5bfc\u5730\u4f4d\u30022003\u5e74\uff0c\u201c\u536b\u9f99\u201d\u6ce8\u518c\u5546\u6807\uff0c\u8d70\u4e0a\u4e86\u751f\u4ea7\u89c4\u6a21\u5316\u548c\u54c1\u8d28\u6807\u51c6\u5316\u7684\u9053\u8def\uff0c\u201c\u536b\u9f99\u201d\u54c1\u724c\u6b63\u5f0f\u8bde\u751f\u3002<\/span><\/section>\n<\/section>\n
\n
\u51ed\u501f\u7740\u5473\u9053\u597d\u3001\u53e3\u7891\u68d2\u4ee5\u53ca\u591a\u5e74\u6765\u59cb\u7ec8\u5982\u4e00\u7684\u5473\u9053\uff0c\u536b\u9f99\u7684\u54c1\u724c\u8d8a\u6765\u8d8a\u54cd\u4eae\uff0c\u9010\u6e10\u4ece\u6cb3\u5357\u6f2f\u6cb3\u4e00\u4e2a\u540d\u4e0d\u89c1\u7ecf\u4f20\u7684\u8fa3\u6761\u5c0f\u4f5c\u574a\u53d8\u6210\u4e86\u6cb3\u5357\u7701\u8457\u540d\u54c1\u724c\u3002\u4eca\u5e745\u6708\uff0c\u536b\u9f99\u9012\u4ea4\u8d74\u6e2f\u4e0a\u5e02\u7533\u8bf7\uff0c\u6b63\u5f0f\u5f00\u542f\u4e86\u81ea\u5df1\u7684IPO\u4e4b\u8def\u3002<\/span><\/section>\n<\/section>\n
\n
\u201c\u8fa3\u6761\u4e00\u54e5\u201d\u7684\u6545\u4e8b\u8fd8\u672a\u7ed3\u675f\uff0c\u96f6\u98df\u754c\u53e6\u4e00\u4f4d\u6df1\u8c19\u54c1\u724c\u4e4b\u9053\u7684\u201c\u9752\u6885\u754c\u8001\u5927\u201d\u6e9c\u6e9c\u6885\u4e5f\u65e9\u5df2\u51ed\u501f\u54c1\u724c\u7684\u529b\u91cf\u5b9e\u73b0\u4e86\u98de\u8dc3\u5f0f\u7684\u53d1\u5c55\u3002<\/span><\/strong><\/section>\n<\/section>\n
\n
2013\u5e748\u670823\u65e5\uff0c\u6768\u5e42&\u6e9c\u6e9c\u6885\u5e7f\u544a\u7247\u5728\u5b89\u5fbd\u536b\u89c6\u9996\u6b21\u64ad\u51fa\u3002\u8fd9\u4e00\u6b21\uff0c\u666e\u901a\u7684\u9752\u6885\u96f6\u98df\u4e0d\u4ec5\u6709\u4e86\u81ea\u5df1\u7684\u54c1\u724c\uff0c\u4e5f\u62e5\u6709\u4e86\u81ea\u5df1\u7684\u54c1\u724c\u4ee3\u8a00\u4eba\u3002<\/span><\/section>\n<\/section>\n
\n
\u201c\u4f60\u6ca1\u4e8b\u5427\uff1f\u6ca1\u4e8b\u5c31\u5403\u6e9c\u6e9c\u6885\uff01\u201d\u501f\u52a9\u6768\u5e42\u4e4b\u53e3\uff0c\u8fd9\u53e5\u9b54\u6027\u53c8\u6d17\u8111\u7684\u5e7f\u544a\u8bed\u8ba9\u6e9c\u6e9c\u6885\u5728\u4e0d\u77e5\u4e0d\u89c9\u4e2d\uff0c\u7ea2\u900f\u4e86\u534a\u8fb9\u5929\u3002\u81f3\u6b64\uff0c\u6bcf\u6bcf\u63d0\u8d77\u9752\u6885\u96f6\u98df\uff0c\u7b2c\u4e00\u4e2a\u60f3\u5230\u7684\u5fc5\u5b9a\u662f\u6e9c\u6e9c\u6885\u3002<\/span><\/section>\n<\/section>\n
\n
\u4ea7\u54c1\u5de5\u827a\u7684\u5347\u7ea7\u548c\u54c1\u724c\u5316\u7684\u8fd0\u4f5c\uff0c\u8ba9\u66fe\u7ecf\u7684\u6563\u88c5\u9752\u6885\u96f6\u98df\u6447\u8eab\u4e00\u53d8\uff0c\u6210\u4e3a\u4e86\u62e5\u6709\u798f\u5efa\u3001\u5e7f\u897f\u3001\u5b89\u5fbd\u4e09\u5927\u79cd\u690d\u548c\u52a0\u5de5\u4ea7\u4e1a\u57fa\u5730\u7684\u9752\u6885\u5927\u5382\uff0c\u5e76\u6210\u529f\u6253\u7834\u4e86\u4f11\u95f2\u98df\u54c1\u9886\u57df\u871c\u996f\u4ea7\u54c1\u65e0\u54c1\u724c\u7684\u7a7a\u767d\u3002<\/span><\/section>\n<\/section>\n
\n
\u5de8\u5927\u7684\u5e02\u573a\u9700\u6c42\u4e0b\uff0c\u8c01\u7387\u5148\u62e5\u6709\u4e86\u54c1\u724c\uff0c\u5c31\u7b49\u4e8e\u9886\u5148\u4e86\u5e02\u573a\u4e00\u6b65\u3002<\/span><\/strong><\/span><\/section>\n<\/section>\n
\n
\n
\n
\n
03<\/strong><\/span><\/section>\n<\/section>\n<\/section>\n<\/article>\n

\u54c1\u724c\u4ef7\u503c\u7684\u6811\u7acb<\/span><\/strong><\/span><\/p>\n<\/section>\n

\n
\u4e2d\u56fd\u96f6\u98df\u4ea7\u4e1a\u7684\u54c1\u724c\u53d1\u5c55\u53ef\u4ee5\u5f52\u4e3a\u56db\u4e2a\u9636\u6bb5\u3002<\/span><\/strong><\/section>\n<\/section>\n
\n
20\u4e16\u7eaa90\u5e74\u4ee3\uff0c\u4f34\u968f\u7740\u6539\u9769\u5f00\u653e\u7684\u6625\u98ce\uff0c\u4eba\u4eec\u7684\u7269\u8d28\u751f\u6d3b\u65e5\u6e10\u4e30\u5bcc\uff0c\u5916\u56fd\u54c1\u724c\u5f00\u59cb\u5927\u91cf\u8fdb\u5165\u4e2d\u56fd\u5e02\u573a\uff0c\u4f46\u6b64\u65f6\u56fd\u4ea7\u96f6\u98df\u4ecd\u5c5e\u4e8e\u5bb6\u5ead\u81ea\u5236\u7684\u201c\u65e0\u54c1\u724c\u201d\u4ea7\u54c1\uff0c\u4e0e\u5305\u88c5\u7cbe\u81f4\u7684\u8fdb\u53e3\u96f6\u98df\u76f8\u6bd4\u660e\u663e\u5904\u4e8e\u52a3\u52bf\uff0c\u5728\u5e02\u573a\u4e0a\u5e76\u4e0d\u5360\u636e\u4f18\u52bf\u3002\u5728\u56fd\u6c11\u54c1\u724c\u610f\u8bc6\u9010\u6e10\u89c9\u9192\u7684\u65f6\u4ee3\u4e0b\uff0c\u4e2d\u56fd\u96f6\u98df\u54c1\u724c\u53d1\u5c55\u8fdb\u5165\u7b2c\u4e00\u9636\u6bb5\u3002<\/span><\/section>\n<\/section>\n
\n
<\/section>\n<\/section>\n
\n
\u5965\u5229\u5965\u201c\u84dd\u5b9d\u76d2\u201d<\/span><\/section>\n
\u56fe\u7247\u6765\u6e90\uff1a\u4ebf\u6ecb\u5b98\u65b9\u65d7\u8230\u5e97<\/span><\/section>\n<\/section>\n
\n
2000\u5e74\u540e\uff0c\u6b64\u65f6\u725b\u677f\u7b4b\u3001\u732b\u8033\u6735\u3001\u901f\u98df\u9762\u3001\u91d1\u5e01\u5de7\u514b\u529b\u7b49\u56fd\u4ea7\u5c0f\u96f6\u98df\u95ee\u4e16\u5e76\u9010\u6e10\u6210\u4e3a\u5e02\u573a\u4e3b\u6d41\uff0c\u536b\u9f99\u3001\u5a03\u54c8\u54c8\u7b49\u96f6\u98df\u54c1\u724c\u5f00\u59cb\u5d2d\u9732\u5934\u89d2\u3002\u6b64\u65f6\u536b\u9f99\u5f00\u59cb\u4e86\u4ee5\u8fa3\u6761\u4e3a\u6838\u5fc3\u7684\u4f11\u95f2\u98df\u54c1\u751f\u4ea7\u52a0\u5de5\u3002\u800c\u8fd9\u4e00\u9636\u6bb5\u6dd8\u5b9d\u3001\u4eac\u4e1c\u7b49\u4e92\u8054\u7f51\u7535\u5546\u5e73\u53f0\u7684\u51fa\u73b0\u66f4\u662f\u52a0\u901f\u4e86\u56fd\u4ea7\u54c1\u724c\u7684\u8bde\u751f\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u54c1\u724c\u5546\u5f00\u59cb\u4e86\u81ea\u5df1\u7684\u7ebf\u4e0a\u5206\u9500\u62d3\u5c55\u4e4b\u8def\u3002\u4f20\u7edf\u624b\u5de5\u4f5c\u574a\u578b\u4f11\u95f2\u96f6\u98df\u9010\u6e10\u6de1\u51fa\u5927\u4f17\u89c6\u91ce\uff0c\u53d6\u800c\u4ee3\u4e4b\u7684\u662f\u54c1\u7c7b\u4e30\u5bcc\u3001\u53e3\u5473\u9f50\u5168\u7684\u54c1\u724c\u96f6\u98df\u3002\u5148\u540e\u51fa\u73b0\u4e86\u767e\u8349\u5473\u3001\u4e09\u53ea\u677e\u9f20\u3001\u826f\u54c1\u94fa\u5b50\u7b49\u96f6\u98df\u65b0\u65f6\u4ee3\u54c1\u724c\u7684\u521b\u65b0\u96f6\u98df\u3002<\/span><\/section>\n<\/section>\n
\n
2015\u5e74\u540e\uff0c\u6d88\u8d39\u4e3b\u6743\u65f6\u4ee3\u4e0b\uff0c\u56f4\u7ed5\u5e74\u8f7b\u6d88\u8d39\u7fa4\u4f53\u7684\u65b0\u54c1\u724c\u5f15\u6765\u4e86\u7206\u53d1\u5f0f\u589e\u957f\uff0c\u4e2d\u9ad8\u7aef\u4f11\u95f2\u98df\u54c1\u6b63\u5728\u9010\u6e10\u6210\u4e3a\u4eba\u4eec\u65e5\u5e38\u751f\u6d3b\u4e2d\u7684\u5ba0\u513f\u3002<\/span><\/section>\n<\/section>\n
\n
\u9762\u5bf9\u79cd\u7c7b\u7e41\u591a\u4e14\u540c\u8d28\u5316\u73b0\u8c61\u4e25\u91cd\u7684\u96f6\u98df\u5e02\u573a\uff0c\u201c\u54c1\u724c\u201d\u5219\u6210\u4e3a\u4e86\u6d88\u8d39\u8005\u9009\u8d2d\u5546\u54c1\u65f6\u7684\u91cd\u8981\u4f9d\u636e\u3002<\/span><\/section>\n<\/section>\n
\n
\u66fe\u7ecf\uff0c\u63d0\u8d77\u201c\u74dc\u5b50\u201d\uff0c\u4eba\u4eec\u53ea\u4f1a\u60f3\u5230\u8475\u82b1\u74dc\u5b50\u3001\u897f\u74dc\u5b50\u3001\u5357\u74dc\u5b50\uff0c\u800c\u73b0\u5728\u4f60\u4f1a\u8bf4\u201c\u6d3d\u6d3d\u201d\u7684\u74dc\u5b50\u4e0d\u9519\uff0c\u8fd9\u5c31\u662f\u54c1\u724c\u7684\u4ef7\u503c\uff0c\u4e00\u79cd\u6d88\u8d39\u8005\u5bf9\u4e8e\u54c1\u724c\u60c5\u611f\u4e0a\u7684\u8ba4\u540c\u4e0e\u5fc3\u7406\u7684\u4fe1\u4efb\u3002<\/span><\/section>\n<\/section>\n
\n
\u5e02\u573a\u7684\u53d8\u8fc1\u4ee5\u53ca\u65b0\u6d88\u8d39\u7684\u8f6c\u578b\u5347\u7ea7\uff0c\u8ba9\u96f6\u98df\u9010\u6e10\u4ece\u5730\u65b9\u6027\u7684\u6563\u88c5\u96f6\u98df\u53d1\u5c55\u6210\u8d70\u5411\u5168\u56fd\u7684\u54c1\u724c\u96f6\u98df\u3002\u5728\u901a\u8baf\u3001\u4ea4\u901a\u3001\u4e92\u8054\u7f51\u7684\u5b8c\u5584\u666e\u53ca\u4e0b\uff0c\u96f6\u98df\u5382\u5bb6\u7740\u624b\u5b8c\u5584\u81ea\u5df1\u7684\u4f9b\u5e94\u94fe\uff0c\u5e76\u91c7\u7528\u9080\u8bf7\u660e\u661f\u4ee3\u8a00\u7b49\u8425\u9500\u624b\u6bb5\uff0c\u4e0d\u65ad\u52a0\u6df1\u81ea\u5df1\u5728\u6d88\u8d39\u8005\u5fc3\u4e2d\u7684\u54c1\u724c\u8ba4\u77e5\uff0c\u5373\u201c\u6211\u80fd\u505a\u7684\u4f60\u90fd\u80fd\u505a\uff0c\u4f46\u4f60\u4e0d\u662f\u6211\u3002\u201d<\/span><\/section>\n<\/section>\n
\n
\u5982\u4eca\uff0c\u96f6\u98df\u884c\u4e1a\u7684\u54c1\u724c\u5316\u8fdb\u4e00\u6b65\u663e\u73b0\u3002\u4f46\u54c1\u724c\u7684\u4ef7\u503c\u7edd\u975e\u4e00\u671d\u4e00\u5915\u4e4b\u529f\uff0c\u800c\u662f\u65e5\u79ef\u6708\u7d2f\u7684\u70b9\u6ef4\u79ef\u7d2f\u3002\u9664\u4e86\u4ea7\u54c1\u54c1\u8d28\u7684\u628a\u63a7\u4e0e\u63d0\u5347\uff0c\u8fd8\u9700\u8981\u5927\u91cf\u7684\u8d44\u6e90\u6295\u5165\u4ee5\u53ca\u4e00\u7cfb\u5217\u54c1\u724c\u5316\u7684\u8fd0\u8425\u65b9\u5f0f\u3002<\/span><\/section>\n<\/section>\n
\n
\n
\n
\n
04<\/strong><\/span><\/section>\n<\/section>\n<\/section>\n<\/article>\n

\u54c1\u7c7b\u6269\u5f20\u6210\u4e3a\u5173\u952e\u8bcd<\/span><\/strong><\/span><\/p>\n<\/section>\n

\n
\u300a\u5b9a\u4f4d\u300b\u4e2d\u66fe\u63d0\u5230\u8fd9\u6837\u4e00\u4e2a\u89c2\u70b9\uff1a\u201c\u4e3a\u4e86\u5728\u5bb9\u91cf\u6709\u9650\u7684\u6d88\u8d39\u8005\u5fc3\u667a\u4e2d\u5360\u636e\u54c1\u7c7b\uff0c\u54c1\u724c\u6700\u597d\u7684\u5dee\u5f02\u5316\u5c31\u662f\u6210\u4e3a\u7b2c\u4e00\uff0c\u505a\u54c1\u7c7b\u9886\u5bfc\u8005\u6216\u5f00\u521b\u8005\uff0c\u9500\u91cf\u9065\u9065\u9886\u5148\uff0c\u5176\u6b21\u5206\u5316\u54c1\u7c7b\uff0c\u505a\u5230\u7ec6\u5206\u54c1\u7c7b\u7684\u552f\u4e00\uff0c\u5373\u7ec6\u5206\u54c1\u7c7b\u7684\u7b2c\u4e00\u3002\u201d<\/span><\/strong><\/section>\n<\/section>\n
\n
\u5728\u54c1\u724c\u5347\u7ea7\u7684\u540c\u65f6\uff0c\u54c1\u724c\u65b9\u4eec\u4e5f\u5728\u4e0d\u65ad\u5730\u4e30\u5bcc\u81ea\u8eab\u7684\u4ea7\u54c1\u7ebf\u3002\u4ee5\u4f11\u95f2\u96f6\u98df\u4e09\u5de8\u5934\u4e3a\u4f8b\uff0c\u4f9d\u9760\u78a7\u6839\u679c\u8d77\u5bb6\u7684\u4e09\u53ea\u677e\u9f20SKU\u8d85500\u79cd\uff0c\u826f\u54c1\u94fa\u5b50\u7684SKU\u9ad8\u8fbe1000\u79cd\uff0c\u6765\u4f0a\u4efd\u5219\u8d85\u8fc7\u4e86800\u4e2a\u3002<\/span><\/section>\n<\/section>\n
\n
\u5b89\u4fe1\u8bc1\u5238\u62a5\u544a\u6307\u51fa\uff0c\u4e2d\u56fd\u662f\u5168\u7403\u6700\u5927\u7684\u4f11\u95f2\u98df\u54c1\u5e02\u573a\u4e4b\u4e00\uff0c2020\u5e74\u5e02\u573a\u7a7a\u95f4\u8fbe\u52307749\u4ebf\u5143\uff0c\u9884\u8ba1\u540e\u7eedCAGR\u4e3a 7.3%\uff0c2025\u5e74\u6709\u671b\u7834\u4e07\u4ebf\u3002<\/span><\/strong>\u4e07\u4ebf\u89c4\u6a21\u7684\u96f6\u98df\u5e02\u573a\uff0c\u6240\u5177\u6709\u7684\u5438\u5f15\u529b\u81ea\u7136\u65e0\u53ef\u6bd4\u62df\u3002<\/span><\/section>\n<\/section>\n
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