2017骞撮€犲児(ji脿)甯€婇€犲児(ji脿)绠＄悊銆嬪父鐢ㄥ叕寮忚瑳瑙ｏ細璨�(c谩i)鍕�(w霉)瑭�(p铆ng)鍍�(ji脿)鎸囨(bi膩o)
鐎忚
鏀惰棌
銆€銆€銆愭憳瑕併€�2017骞撮€犲児(ji脿)甯€婇€犲児(ji脿)绠＄悊銆嬪父鐢ㄥ叕寮忚瑳瑙ｏ細璨�(c谩i)鍕�(w霉)瑭�(p铆ng)鍍�(ji脿)鎸囨(bi膩o)鍒嗕韩绲﹀ぇ瀹�锛�2017骞撮€犲児(ji脿)宸ョ▼甯€氶棞(gu膩n)绉樿ǎ灏辨槸鍫�(ji膩n)鎸併€傛湜鍚勪綅鑰冪敓涓嶉⿻涓嶇嚗锛岀┅(w臎n)浣忓績绁�锛屽爡(ji膩n)鎸佸倷鑰�锛岀埈(zh膿ng)鍙栦竴鑸夋嬁涓嬮€犲児(ji脿)宸ョ▼甯€冭│銆�
銆€銆€1銆佸叏閮ㄦ姇璩囨敹鐩婄巼R=(F+Y+D)/I
銆€銆€2銆佽嚜鏈夎硣閲戞敹鐩婄巼Re=(F+D)/Q
銆€銆€3銆佸叏閮ㄦ姇璩囧埄娼�(r霉n)鐜嘡/=(F+Y)/I
銆€銆€4銆佽嚜鏈夎硣閲戝埄娼�(r霉n)鐜嘡/=F/Q娉細F锛氭甯稿勾閵�(xi膩o)鍞埄娼�(r霉n)(閵�(xi膩o)鍞埄娼�(r霉n)=閵�(xi膩o)鍞敹鍏�—缍�(j墨ng)鐕�(y铆ng)鎴愭湰—鎶樿垔璨�(f猫i)—绋呴噾—鍒╂伅)
銆€銆€Y锛氭甯稿勾璨告鍒╂伅銆侷锛氱附鎶曡硣(鍖呮嫭鍩哄缓鎶曡硣鍜屾祦鍕�(d貌ng)璩囬噾)銆� D锛氭姌鑸婅不(f猫i)銆�
銆€銆€5銆佹姇璩囨敹鐩婄巼=(骞村噲鏀剁泭)/(闋�(xi脿ng)鐩叏閮ㄦ姇璩�)娉細闋�(xi脿ng)鐩叏閮ㄦ姇璩�=鍥哄畾璩囩敘(ch菐n)鎶曡硣+娴佸嫊(d貌ng)璩囬噾鎶曡硣銆�
銆€銆€6銆佹姇璩囧埄娼�(r霉n)鐜�=(绋呭墠鍒╂饯(r霉n)绺介)/(鎶曡硣绺介)銆�
銆€銆€7銆佹姇璩囧埄绋呯巼=(绋呭墠鍒╂饯(r霉n)绺介+閵�(xi膩o)鍞▍閲戝強闄勫姞)/(鎶曡硣绺介)
銆€銆€8銆佽硣鏈噾鍒╂饯(r霉n)鐜�=(绋呭悗鍒╂饯(r霉n))/(璩囨湰閲�)銆�
銆€銆€9銆佽硣鐢�(ch菐n)璨�(f霉)鍌电巼=(璨�(f霉)鍌电附椤�)/(璩囩敘(ch菐n)绺介)
銆€銆€10銆佸嫊(d貌ng)姣旂巼=(娴佸嫊(d貌ng)璩囩敘(ch菐n)绺介)/(娴佸嫊(d貌ng)璨�(f霉)鍌电附椤�)
銆€銆€11銆侀€熷嫊(d貌ng)姣旂巼=(閫熷嫊(d貌ng)璩囩敘(ch菐n)绺介)/(娴佸嫊(d貌ng)璨�(f霉)鍌电附椤�)
銆€銆€12銆佸€熸鍎熼倓鏈�=鍎熸竻鍌靛嫏(w霉)骞翠唤鏁�(sh霉)-1+(鍎熸竻鍌靛嫏(w霉)鐣�(d膩ng)骞存噳(y墨ng)浠樼殑鏈伅)/(鐣�(d膩ng)骞村彲鐢ㄤ簬鍎熷偟鐨勮硣閲戠附椤�)
銆€銆€13銆佹姇璩囧洖鏀舵湡=绱▓(j矛)鍑堢従(xi脿n)閲戞祦閲忕従(xi脿n)鍊奸枊(k膩i)濮嬪嚭鐝�(xi脿n)姝ｅ€肩殑骞翠唤-1+(涓婁竴骞寸疮瑷�(j矛)鐝�(xi脿n)閲戞祦閲忕従(xi脿n)鍊肩殑绲曞皪(du矛)鍊�)/(鐣�(d膩ng)骞村噲鐝�(xi脿n)閲戞祦閲忕従(xi脿n)鍊�)
銆€銆€14銆佺敘(ch菐n)娆�(qu谩n)姣旂巼=(璨�(f霉)鍌电附椤�)/(鑲℃澅娆�(qu谩n)鐩�)
銆€銆€15銆佹湁褰㈣硣鐢�(ch菐n)鍑堝€煎偟鍕�(w霉)鐜�=[璨�(f霉)鍌电附椤�/(鑲℃澅娆�(qu谩n)鐩�-鐒�(w煤)褰㈣硣鐢�(ch菐n)鍑堝€�)]*100%
銆€銆€16銆� 宸茬嵅鍒╂伅鐨勫€嶆暩(sh霉)=(鎭墠绋呭墠鍒╂饯(r霉n))/(鍒╂伅璨�(f猫i)鐢�)
銆€銆€17銆侀姺(xi膩o)鍞噲鍒╃巼=(鍑堝埄娼�(r霉n))/(閵�(xi膩o)鍞敹鍏�)
銆€銆€18銆佽硣鐢�(ch菐n)鍑堝埄鐜�=(鍑堝埄娼�(r霉n))/(骞冲潎璩囩敘(ch菐n)绺介)
銆€銆€19銆佸噲璩囩敘(ch菐n)鏀剁泭鐜�=(鍑堝埄娼�(r霉n))/(骞冲潎鎵€鏈夎€呮瑠(qu谩n)鐩�)
銆€銆€20銆� 璩囩敘(ch菐n)璨�(f霉)鍌电巼=(璨�(f霉)鍌电附椤�)/(璩囩敘(ch菐n)绺介)
銆€銆€21銆佸埄鎭倷浠樼巼=(鐣�(d膩ng)鏈熺▍鍓嶅埄娼�(r霉n)+鐣�(d膩ng)鏈熷埄鎭�)/(鐣�(d膩ng)鏈熸噳(y墨ng)浠樺埄鎭�)銆傛敞锛氥€婅▓(j矛)鎺с€�
銆€銆€22銆佸埄鎭倷浠樼巼=(绋呮伅鍓嶅埄娼�(r霉n))/(鐣�(d膩ng)鏈熸噳(y墨ng)浠樺埄鎭不(f猫i)鐢�)銆傛敞锛氥€婄浉闂�(gu膩n)銆嬫敞锛氱▍鎭墠鍒╂饯(r霉n)=鍒╂饯(r霉n)绺介+瑷�(j矛)鍏ョ附鎴愭湰璨�(f猫i)鐢ㄧ殑鍒╂伅璨�(f猫i)鐢ㄣ€傛甯哥稉(j墨ng)鐕�(y铆ng)鐨勪紒妤�(y猫)锛屽埄鎭倷浠樼巼鎳�(y墨ng)鐣�(d膩ng)澶т簬2.
銆€銆€23銆佸劅鍌靛倷浠樼巼=(鎶樿垔+鏀ら姺(xi膩o)+鍏ㄩ儴鍒╂伅+绋呭悗鍒╂饯(r霉n))/(鐣�(d膩ng)鏈熼倓鏈粯鎭)娉細銆婅▓(j矛)鎺с€�銆�
銆€銆€24銆佸劅鍌靛倷浠樼巼=(鍙敤浜庨倓鏈粯鎭硣閲�)/(鐣�(d膩ng)鏈熸噳(y墨ng)閭勬湰浠樻伅閲戦)銆傛敞锛氥€婄浉闂�(gu膩n)銆�銆傛敞锛氬彲鐢ㄤ簬閭勬湰浠樻伅鐨勮硣閲戝寘鎷細鍙敤浜庨倓娆剧殑鎶樿垔鍜屾敜閵�(xi膩o)锛屾垚鏈腑鍒楁敮鐨勫埄鎭不(f猫i)鐢�锛屽彲鐢ㄤ簬閭勬鐨勫埄娼�(r霉n)绛�銆傜暥(d膩ng)鏈熸噳(y墨ng)閭勬湰浠樻伅閲戦鍖呮嫭鐣�(d膩ng)鏈熸噳(y墨ng)閭勮哺娆炬湰閲戝強瑷�(j矛)鍏ユ垚鏈殑鍒╂伅銆傛噳(y墨ng)澶т簬1.
銆€銆€25銆� 璨�(c谩i)鍕�(w霉)鍏�(n猫i)閮ㄦ敹鐩婄巼(FIRR)
銆€銆€璨�(c谩i)鍕�(w霉)鍏�(n猫i)閮ㄦ敹鐩婄巼鏄娇闋�(xi脿ng)鐩湪鏁村€�(g猫)瑷�(j矛)绠楁湡鍏�(n猫i)鍚勫勾鍑堢従(xi脿n)閲戞祦閲忕従(xi脿n)鍊肩疮瑷�(j矛)绛変簬闆舵檪(sh铆)鐨勬姌鐝�(xi脿n)鐜囷紝璨�(c谩i)鍕�(w霉)鍏�(n猫i)閮ㄦ敹鐩婄巼鍙牴鎿�(j霉)鐝�(xi脿n)閲戞祦閲忚〃涓噲鐝�(xi脿n)閲戞祦閲忛噰鐢ㄦ彃鍊兼硶瑷�(j矛)绠楁眰寰楋細鍒╃敤锛欶IRR=i1+[i2-i1]*NPV1/[NPV1+NPV2] .
銆€銆€娉ㄦ剰锛�
銆€銆€(1)銆丯PV2瑕佺敤绲曞皪(du矛)鍊笺€�
銆€銆€(2)銆乕i2-i1]瑕佸湪3%浠ュ収(n猫i)锛岃嚦灏戣鍦�5%浠ュ収(n猫i)銆�
銆€銆€26銆佸噲鐝�(xi脿n)鍊肩巼锛氭槸闋�(xi脿ng)鐩�?j墨)琛凢(xi脿n)鍊艰垏闋�(xi脿ng)鐩叏閮ㄦ姇璩囩従(xi脿n)鍊间箣姣旓細NPVR=(NPV)/(Ip)
銆€銆€27銆佸噲骞村€糔AV=[Σ(CI-CO)t(1+ic)-t](A/P锛� ic锛宯);鎴� NAV=NPV(A/P锛宨c锛宯)
銆€銆€鐩搁棞(gu膩n)瑭﹂锛�
銆€銆€鍠伕椤岋細鍚嶇京鍒╃巼r鏄寚瑷�(j矛)鎭懆鏈熷埄鐜噄涔樹互涓€鍊�(g猫)鍒╃巼鍛ㄦ湡鍏�(n猫i)鐨勮▓(j矛)鎭懆鏈熸暩(sh霉)m鎵€寰楃殑鍒╃巼鍛ㄦ湡鍒╃巼鍗硆=im銆傝嫢鏈堝埄鐜囩偤1%锛屽墖骞村悕缇╁埄鐜囩偤(銆€銆€)銆�
銆€銆€A.8%
銆€銆€B.12%
銆€銆€C.18%
銆€銆€D.24%
銆€銆€鍙冭€冪瓟妗堬細B
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绶ㄨ集鎺ㄨ枽锛�
2017骞撮€犲児(ji脿)宸ョ▼甯€冨墠30澶╁瘑瑷�(x霉n)鐩存挱宄版渻(hu矛)瑕栭牷鍖附
2017骞撮€犲児(ji脿)宸ョ▼甯瘡鏃ヤ竴绶淬€�9.21銆�
2017骞撮€犲児(ji脿)宸ョ▼甯€冭│妗堜緥鍒嗘瀽椤屽浣�“鎶曟(j墨)鍙栧阀”
銆€銆€鑷ㄨ€冭绋嬪椁愭帹钖︼細
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鐩存挱娌栧埡闆嗚〒(x霉n)鐕�(y铆ng) 鏌ョ湅鍎�(y艒u)鎯犺┏鎯� |
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鍖呭惈锛�鑰冮粸(di菐n)寮�(qi谩ng)鍖�+鎳�(y墨ng)瑭︽妧宸�+?锛熻崥鍥秨鐝�+妗堜緥鐗硅〒(x霉n)鐝�+鍏�(n猫i)閮ㄨ硣鏂�+鐩存挱瀵嗚〒(x霉n) |
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鏈嶅嫏(w霉)鍙婁繚闅�锛�24灏忔檪(sh铆)鍦ㄧ窔绛旂枒+灏�(zhu膩n)灞琎(m脿o)Q缇�+鐝富浠荤潱瀛�(xu茅)+鑰冭│绡€(ji茅)榛�(di菐n)鐭俊鎻愰啋+鏀寔APP銆両pad鍋氶銆佽伣(t墨ng)瑾�+鏀寔瑾茬▼璎涚京/瑕栭牷涓嬭級+鑰冭│涓嶉亷(gu貌)绗簩骞村厤璨�(f猫i)閲嶅(xu茅) |
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2024涓€绾ч€犱环宸ョ▼甯堛€婂缓璁惧伐绋嬮€犱环绠＄悊銆嬬湡棰樺強绛旀瑙ｆ瀽
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2023涓€绾ч€犱环宸ョ▼甯堛€婂缓璁惧伐绋嬮€犱环绠＄悊銆嬬湡棰樺強绛旀瑙ｆ瀽
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