{"id":10590,"date":"2025-01-15T11:27:17","date_gmt":"2025-01-15T03:27:17","guid":{"rendered":"https:\/\/vcai.cn\/?p=10590"},"modified":"2025-01-15T11:27:17","modified_gmt":"2025-01-15T03:27:17","slug":"yanbao-2025-zhengquan-tianfeng","status":"publish","type":"post","link":"https:\/\/vcai.cn\/index.php\/yanbao-2025-zhengquan-tianfeng\/","title":{"rendered":"2025\u5e74\u5e74\u5ea6\u7b56\u7565\u62a5\u544a\u4e4b\u5238\u5546\u884c\u4e1a\uff1a\u653f\u7b56\u5927\u5229\u597d\u4e0d\u65ad\uff0c\u5238\u5546\u677f\u5757\u9759\u5f85\u8fdb\u653b"},"content":{"rendered":"\n<p>\u5929\u98ce\u8bc1\u5238\u53d1\u5e03\u7684\u5238\u5546\u884c\u4e1a2025\u5e74\u5e74\u5ea6\u7b56\u7565\u62a5\u544a\uff0c\u5bf9\u5238\u5546\u884c\u4e1a2024\u5e74\u524d\u4e09\u5b63\u5ea6\u4e1a\u7ee9\u8fdb\u884c\u4e86\u5206\u6790\uff0c\u5e76\u5c55\u671b\u672a\u6765\u53d1\u5c55\u8d8b\u52bf\uff0c\u63d0\u51fa\u6295\u8d44\u5efa\u8bae\u53ca\u98ce\u9669\u63d0\u793a\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><i class=\"ez-toc-toggle-el\"><\/i><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vcai.cn\/index.php\/yanbao-2025-zhengquan-tianfeng\/#25E425B8258025E325802581202425E525B925B425E52589258D25E425B8258925E525AD25A325E525BA25A625E425B8259A25E725BB25A925E52588258625E6259E2590\" >\u4e00\u30012024\u5e74\u524d\u4e09\u5b63\u5ea6\u4e1a\u7ee9\u5206\u6790<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vcai.cn\/index.php\/yanbao-2025-zhengquan-tianfeng\/#25E425BA258C25E32580258125E6259425BF25E725AD259625E425B8258E25E525B8258225E5259C25BA25E7258E25AF25E525A22583\" >\u4e8c\u3001\u653f\u7b56\u4e0e\u5e02\u573a\u73af\u5883<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vcai.cn\/index.php\/yanbao-2025-zhengquan-tianfeng\/#25E425B8258925E32580258125E6258A259525E825B5258425E9258025BB25E825BE259125E425B8258E25E525BB25BA25E825AE25AE\" >\u4e09\u3001\u6295\u8d44\u903b\u8f91\u4e0e\u5efa\u8bae<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vcai.cn\/index.php\/yanbao-2025-zhengquan-tianfeng\/#25E5259B259B25E32580258125E925A3258E25E9259925A925E6258F259025E725A425BA\" >\u56db\u3001\u98ce\u9669\u63d0\u793a<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"25E425B8258025E325802581202425E525B925B425E52589258D25E425B8258925E525AD25A325E525BA25A625E425B8259A25E725BB25A925E52588258625E6259E2590\"><\/span><strong>\u4e00\u30012024\u5e74\u524d\u4e09\u5b63\u5ea6\u4e1a\u7ee9\u5206\u6790<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>\u6574\u4f53\u4e1a\u7ee9<\/strong>\uff1a2024\u5e74Q3\u4e0a\u5e02\u5238\u5546\u6574\u4f53\u6536\u5165\u548c\u5229\u6da6\u5927\u5e45\u56de\u6696\uff0c\u4f46\u524d\u4e09\u5b63\u5ea6\u6574\u4f53\u4ecd\u5c0f\u5e45\u4e0b\u6ed1\u3002Q3\u5355\u5b63 \/ \u524d\u4e09\u5b63\u5ea6\uff0c\u4e0a\u5e02\u5238\u5546\u8c03\u6574\u540e\u8425\u4e1a\u6536\u5165\u5206\u522b\u540c\u6bd4 +21.6%\/-6.3%\uff1b\u5f52\u6bcd\u51c0\u5229\u6da6\u5206\u522b\u540c\u6bd4 +41.6%\/-6.1%\uff1b\u5e73\u5747\u5e74\u5316 ROE \u4e3a5.5%\uff0c\u8f832023\u5e74\u540c\u671f\u4e0b\u964d0.7Pct\u3002<\/p>\n\n\n\n<p><strong>\u4e1a\u52a1\u677f\u5757\u8868\u73b0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u81ea\u8425\u4e1a\u52a1<\/strong>\uff1a\u6536\u5165\u5927\u5e45\u63d0\u5347\uff0c2024\u5e74\u524d\u4e09\u5b63\u5ea6\u81ea\u8425\u4e1a\u52a1\u6536\u5165\u540c\u6bd4+28.5%\uff0c\u662f\u603b\u8425\u6536\u540c\u6bd4\u9ad8\u589e\u7684\u4e3b\u8981\u63a8\u52a8\u529b\u30022024\u5e74Q1-Q3\u6743\u76ca\u5e02\u573a\u548c\u503a\u5e02\u5747\u4e0a\u884c\uff0c\u6295\u8d44\u6536\u76ca\u7387\u4e0a\u5347\u63a8\u52a8\u81ea\u8425\u4e1a\u52a1\u6536\u5165\u6539\u5584\u3002<\/li>\n\n\n\n<li><strong>\u5176\u4ed6\u4e1a\u52a1<\/strong>\uff1a\u8d44\u7ba1\u4e1a\u52a1\u6536\u5165\u53d7\u516c\u52df\u8d39\u6539\u5f71\u54cd\u5c0f\u5e45\u4e0b\u6ed1\uff1b\u7ecf\u7eaa\u4e1a\u52a1\u56e0\u80a1\u57fa\u65e5\u5747\u6210\u4ea4\u989d\u4e0b\u964d\u6536\u5165\u7565\u6709\u4e0b\u6ed1\uff1b\u4fe1\u7528\u4e1a\u52a1\u7531\u4e8e\u4ea4\u6295\u6d3b\u8dc3\u5ea6\u4e0b\u6ed1\u548c\u4e25\u76d1\u7ba1\u653f\u7b56\u81f4\u4e24\u878d\u89c4\u6a21\u6536\u7a84\uff0c\u6536\u5165\u5927\u5e45\u4e0b\u6ed1\uff1b\u6295\u884c\u4e1a\u52a1\u53d7\u76d1\u7ba1\u653f\u7b56\u5f71\u54cd\uff0c\u8bc1\u5238\u627f\u9500\u89c4\u6a21\u4e0b\u6ed1\uff0c\u6536\u5165\u663e\u8457\u4e0b\u964d\u3002<\/li>\n<\/ul>\n\n\n\n<p><strong>\u7ade\u4e89\u683c\u5c40\u4e0e\u4e1a\u7ee9\u5f39\u6027<\/strong>\uff1a\u9a6c\u592a\u6548\u5e94\u4e0b\u5934\u90e8\u5238\u5546\u96c6\u4e2d\u5ea6\u8fdb\u4e00\u6b65\u52a0\u5f3a\uff0c2024\u5e74\u524d\u4e09\u5b63\u5ea6\u5934\u90e8\u524d5\u5bb6\u4e0a\u5e02\u5238\u5546\u5728\u5f52\u6bcd\u51c0\u5229\u6da6\u548c\u8c03\u6574\u540e\u8425\u6536\u65b9\u9762\u7684\u96c6\u4e2d\u5ea6\u5747\u6709\u6240\u63d0\u5347\u3002\u81ea\u8425\u4e1a\u52a1\u589e\u901f\u7684\u5927\u5e45\u6500\u5347\u662f\u4e1a\u7ee9\u9ad8\u589e\u7684\u4e3b\u8981\u63a8\u624b\uff0c\u90e8\u5206\u5238\u5546\u81ea\u8425\u4e1a\u52a1\u6536\u5165\u5bf9\u4e1a\u7ee9\u589e\u901f\u8d21\u732e\u8d8530%\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"25E425BA258C25E32580258125E6259425BF25E725AD259625E425B8258E25E525B8258225E5259C25BA25E7258E25AF25E525A22583\"><\/span><strong>\u4e8c\u3001\u653f\u7b56\u4e0e\u5e02\u573a\u73af\u5883<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>\u653f\u7b56\u5229\u597d<\/strong>\uff1a\u653f\u7b56\u6846\u67b6\u6e05\u6670\uff0c\u529b\u5ea6\u8d85\u51fa\u5e02\u573a\u9884\u671f\uff0c\u65e8\u5728\u5438\u5f15\u5c45\u6c11\u4fa7\u8d44\u91d1\u5165\u5e02\u3002\u81ea2023\u5e747\u670824\u65e5\u653f\u6cbb\u5c40\u4f1a\u8bae\u540e\uff0c\u4e00\u7cfb\u5217\u653f\u7b56\u51fa\u53f0\uff0c\u5305\u62ec\u65b0 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class=\"ez-toc-section\" id=\"25E425B8258925E32580258125E6258A259525E825B5258425E9258025BB25E825BE259125E425B8258E25E525BB25BA25E825AE25AE\"><\/span><strong>\u4e09\u3001\u6295\u8d44\u903b\u8f91\u4e0e\u5efa\u8bae<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>\u03b2\u5c42\u9762<\/strong>\uff1a\u653f\u7b56\u5229\u597d\u523a\u6fc0\u4e0b\u725b\u5e02\u884c\u60c5\u521d\u73b0\uff0c\u5238\u5546\u677f\u5757\u4f30\u503c\u4ecd\u6709\u63d0\u5347\u7a7a\u95f4\uff0c\u5f53\u524dPB\u5206\u4f4d\u6570\u4e3a45.3%\uff0cPE \u5206\u4f4d\u6570\u4e3a87.0%\u3002\u677f\u5757\u5728\u5f53\u4e0b\u65f6\u70b9\u62e5\u6709\u8f83\u660e\u786e\u7684\u987a\u903b\u8f91\uff0c\u9759\u5f85\u8fdb\u653b\u3002<\/p>\n\n\n\n<p><strong>\u03b1 \u5c42\u9762<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u6210\u4ea4\u91cf\u653e\u5927\u53d7\u76ca<\/strong>\uff1a\u6210\u4ea4\u91cf\u5feb\u901f\u653e\u5927\u6539\u5584\u5238\u5546\u57fa\u672c\u9762\uff0c\u7ecf\u7eaa+\u4e24\u878d\u4e1a\u52a1\u6536\u5165\u5360\u6bd4\u9ad8\u7684\u5238\u5546\u5f39\u6027\u66f4\u4f73\uff0c\u5efa\u8bae\u5173\u6ce8\u4e2d\u56fd\u94f6\u6cb3\u3001\u5149\u5927\u8bc1\u5238\u53ca\u4e92\u8054\u7f51\u5238\u5546\u6307\u5357\u9488\u3002<\/li>\n\n\n\n<li><strong>\u4e92\u6362\u4fbf\u5229\u52a0\u6760\u6746<\/strong>\uff1a\u4e92\u6362\u4fbf\u5229\u4e0b\u5238\u5546\u52a0\u6760\u6746\u903b\u8f91\u653e\u5927\u51c0\u5229\u6da6\u5f39\u6027\u7a7a\u95f4\uff0c\u5efa\u8bae\u5173\u6ce8\u4e2d\u4fe1\u8bc1\u5238\u3001\u4e2d\u56fd\u94f6\u6cb3\u3001\u56fd\u6cf0\u541b\u5b89\u7b49\u5934\u90e8\u5238\u5546\u3002<\/li>\n\n\n\n<li><strong>\u517c\u5e76\u91cd\u7ec4\u9884\u671f<\/strong>\uff1a\u653f\u7b56\u652f\u6301\u5934\u90e8\u5238\u5546\u505a\u5f3a\u505a\u4f18\uff0c\u5229\u597d\u6709\u517c\u5e76\u91cd\u7ec4\u9884\u671f\u7684\u5238\u5546\uff0c\u5982\u56fd\u6cf0\u541b\u5b89\u3001\u6d77\u901a\u8bc1\u5238\u7b49\uff0c\u540c\u65f6\u5173\u6ce8\u56fd\u8054\u8bc1\u5238\u3001\u534e\u521b\u4e91\u4fe1\u7b49\u76f8\u5173\u5e76\u8d2d\u8fdb\u5c55\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"25E5259B259B25E32580258125E925A3258E25E9259925A925E6258F259025E725A425BA\"><\/span>\u56db\u3001<strong>\u98ce\u9669\u63d0\u793a<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u653f\u7b56\u6548\u679c\u4e0d\u53ca\u9884\u671f\uff0c\u53ef\u80fd\u5bfc\u81f4\u8d44\u672c\u5e02\u573a\u6d3b\u8dc3\u5ea6\u672a\u8fbe\u9884\u671f\uff0c\u5f71\u54cd\u5238\u5546\u4e1a\u52a1\u589e\u91cf\u3002<\/p>\n\n\n\n<p>\u8d44\u672c\u5e02\u573a\u5927\u5e45\u9707\u8361\uff0c\u53d7\u591a\u79cd\u56e0\u7d20\u5f71\u54cd\u53ef\u80fd\u51fa\u73b0\u52a8\u8361\uff0c\u5f71\u54cd\u5238\u5546\u4e1a\u52a1\u5f00\u5c55\u548c\u6536\u5165\u3002<\/p>\n\n\n\n<p>\u8bc1\u5238\u5e02\u573a\u6301\u7eed\u4f4e\u8ff7\uff0c\u5bfc\u81f4\u5238\u5546\u4e1a\u52a1\u5f00\u5c55\u4e0d\u53ca\u9884\u671f\uff0c\u6536\u5165\u6c34\u5e73\u4e0b\u964d\u3002<\/p>\n\n\n\n<p>\u517c\u5e76\u91cd\u7ec4\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u82e5\u5931\u8d25\u6216\u8fdb\u5ea6\u4e0d\u53ca\u9884\u671f\uff0c\u53ef\u80fd\u5f71\u54cd\u5238\u5546\u4e1a\u52a1\u548c\u6536\u5165<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>\u539f\u62a5\u544a\uff1a\u300a<strong>\u5238\u5546\u884c\u4e1a2025\u5e74\u5e74\u5ea6\u7b56\u7565\uff1a\u653f\u7b56\u5927\u5229\u597d\u4e0d\u65ad\uff0c\u5238\u5546\u677f\u5757\u9759\u5f85\u8fdb\u653b<\/strong>\u300b\uff0c\u5929\u98ce\u8bc1\u5238\u3002<\/p>\n\n\n\n<p>\u539f\u62a5\u544a\u4e0b\u8f7d\uff1a<\/p>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-83283165-6492-4ffb-b008-8a3b23b6522f\" href=\"https:\/\/vcai.cn\/wp-content\/uploads\/2025\/01\/2025011503100039.pdf\"><strong>\u5238\u5546\u884c\u4e1a\uff1a\u653f\u7b56\u5927\u5229\u597d\u4e0d\u65ad\uff0c\u5238\u5546\u677f\u5757\u9759\u5f85\u8fdb\u653b<\/strong><\/a><a href=\"https:\/\/vcai.cn\/wp-content\/uploads\/2025\/01\/2025011503100039.pdf\" class=\"wp-block-file__button wp-element-button\" download 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