\u805a\u7126\u00b7\u4e92\u8054\u7f51\u516c\u53f8\u4e0a\u5e02\u6f6e<\/p>\n
\u3000\u3000\u7f16\u8005\u6309\uff1a\u6309\u7167\u76ee\u524d\u8d8b\u52bf\uff0c2018\u5e74\u5c06\u6210\u4e3a\u4e92\u8054\u7f51\u516c\u53f8\u8d74\u6d77\u5916\u4e0a\u5e02\u7684\u5927\u5e74\u3002\u8fd9\u4e9b\u516c\u53f8\u4e00\u4e2a\u666e\u904d\u7684\u7279\u5f81\u662f\uff0c\u90fd\u662f\u8eab\u8d1f\u5de8\u989d\u4e8f\u635f\u4f46\u53c8\u6bc5\u7136\u51b3\u7136\u7684\u9009\u62e9\u5c3d\u5feb\u4e0a\u5e02\u3002\u770b\u6765\u5927\u5bb6\u60f3\u5165\u8d44\u672c\u5708\u7684\u5fc3\u60c5\u6709\u4e9b\u6025\u3002<\/p>\n
\u3000\u3000\u25a0\u672c\u62a5\u8bb0\u8005 \u5218\u65af\u4f1a<\/p>\n
\u3000\u3000\u591a\u6b21\u88ab\u4f20\u8981\u4e0a\u5e02\u7684\u4f18\u4fe1\u4e8c\u624b\u8f66\uff0c\u5728\u6700\u8fd1\u518d\u5ea6\u7206\u51fa\u4e0a\u5e02\u8fdb\u5ea6\u6d88\u606f\uff1a\u516c\u53f8\u5df2\u7ecf\u5411\u7f8e\u56fdSEC\u9012\u4ea4\u62db\u80a1\u4e66\u6587\u4ef6\uff0c\u6700\u5feb\u5c06\u4e8e6\u6708\u4efd\u5728\u7f8e\u56fd\u7684\u7eb3\u65af\u8fbe\u514bIPO\u4e0a\u5e02\u3002\u8ba1\u5212\u878d\u8d44\u989d\u5ea6\u57285\u4ebf\u7f8e\u5143\u81f38\u4ebf\u7f8e\u5143\u4e4b\u95f4\u3002<\/p>\n
\u3000\u3000\u5982\u679c\u4e0a\u5e02\u6210\u529f\uff0c\u8fd9\u5c06\u6210\u4e3a\u4e8c\u624b\u8f66\u7535\u5546\u7b2c\u4e00\u80a1\u3002\u300a\u8bc1\u5238\u65e5\u62a5\u300b\u8bb0\u8005\u53d1\u73b0\uff0c\u4ece\u6210\u4ea4\u91cf\u4e0a\u6765\u770b\uff0c\u4f18\u4fe1\u5728\u4eca\u5e74\u4e00\u5b63\u5ea6\u6210\u4ea4\u6570\u91cf\u589e\u901f\u8f83\u731b\u81f316.5\u4e07\u8f86\uff0c\u540c\u6bd4\u589e\u957f61.6%\uff0c\u6309\u7167\u4e00\u4e2a\u5b63\u5ea690\u5929\u8ba1\u7b97\uff0c\u4e5f\u5c31\u662f\u8bf4\uff0c\u4f18\u4fe1\u5e73\u5747\u6bcf\u5929\u6210\u4ea4\u8f66\u8f86\u8fd11900\u8f86\uff0c\u8fd9\u4e2a\u6570\u636e\u6709\u591a\u5927\u7684\u53ef\u4fe1\u5ea6\u5462\uff1f<\/p>\n
\u3000\u3000\u4f17\u6240\u5468\u77e5\uff0c\u4e3a\u4e86\u5438\u5f15\u6295\u8d44\u4eba\u7684\u76ee\u5149\u4ee5\u53ca\u63d0\u9ad8\u81ea\u8eab\u4f30\u503c\uff0c\u5237\u5355\u5728\u4e8c\u624b\u8f66\u7535\u5546\u884c\u4e1a\u91cc\u65e9\u5df2\u7ecf\u4e0d\u662f\u65b0\u95fb\uff0c\u201c\u8feb\u4e8e\u4e1a\u7ee9\u538b\u529b\uff0c\u4ee5\u53ca\u7ade\u4e89\u5bf9\u624b\u7684\u503e\u8f67\uff0c\u8fd9\u5df2\u7ecf\u662f\u516c\u5f00\u7684\u79d8\u5bc6\u3002\u201d\u6b64\u524d\uff0c\u6709\u4e8c\u624b\u8f66\u7535\u5546\u4eba\u58eb\u5728\u4e0e\u8bb0\u8005\u4ea4\u6d41\u65f6\u5766\u8a00\u3002<\/p>\n
\u3000\u3000\u5bf9\u6b64\uff0c\u4f18\u4fe1\u65b9\u9762\u5728\u56de\u5e94\u300a\u8bc1\u5238\u65e5\u62a5\u300b\u8bb0\u8005\u65f6\u79f0\uff0c\u201c\u5173\u4e8eIPO\u65b9\u9762\u7684\u6d88\u606f\u6211\u4eec\u6682\u65f6\u4e0d\u4e88\u7f6e\u8bc4\u3002\u201d<\/p>\n
\u3000\u3000\u4f18\u4fe1\u8d74\u7f8e\u4e0a\u5e02<\/p>\n
\u3000\u3000\u4e0a\u5e02\u7684\u8ba1\u5212\u4ee5\u53ca\u91ce\u5fc3\uff0c\u4f18\u4fe1\u65e9\u5c31\u6beb\u4e0d\u907f\u8bb3\u3002<\/p>\n
\u3000\u3000\u65e9\u57282016\u5e74\uff0c\u4f18\u4fe1\u5c31\u5f00\u59cb\u4f20\u51fa\u4e0a\u5e02\u6d88\u606f\uff0c\u6839\u636e\u76f8\u5173\u6d88\u606f\u663e\u793a\uff0c\u4f18\u4fe1\u65d7\u4e0b\u4f18\u4fe1\u62cd\u5c06\u501f\u58f3\u6b65\u68ee\u96c6\u56e2\u4e0a\u5e02\uff0c\u4f46\u6700\u7ec8\u65e0\u679c\u3002<\/p>\n
\u3000\u3000\u4e0d\u8fc7\uff0c\u4f18\u4fe1\u4e0a\u5e02\u7684\u68a6\u60f3\u8fd8\u662f\u4e00\u76f4\u90fd\u5728\u7684\uff0c\u516c\u53f8\u521b\u59cb\u4eba\u517cCEO\u6234\u7428\u516c\u5f00\u8868\u793a\uff0c\u4f18\u4fe1\u65e9\u5c31\u6709\u4e86IPO\u8ba1\u5212\uff0c\u4f46\u5177\u4f53\u65f6\u95f4\u8fd8\u8981\u770b\u5e02\u573a\u7ade\u4e89\u73af\u5883\u3002<\/p>\n
\u3000\u3000\u867d\u6709\u53c8\u6709\u6d88\u606f\u4f20\u51fa\u79f0\uff0c\u4f18\u4fe1\u5c06\u8d74\u7f8e\u56fd\u7ebd\u4ea4\u6240IPO\u3002\u73b0\u5728\u7684\u6d88\u606f\u662f\uff0c\u6234\u7428\u7684\u76ee\u6807\u9501\u5b9a\u5728\u7eb3\u65af\u8fbe\u514b\uff0c\u80a1\u7968\u4ee3\u7801\u4e3a\u201cUXIN\u201d\uff0c\u62df\u7b79\u96c6\u6700\u591a8\u4ebf\u7f8e\u5143\u8d44\u91d1\u3002<\/p>\n
\u3000\u3000\u4f18\u4fe1\u8868\u793a\uff0c\u516c\u53f8\u8425\u6536\u4e3b\u8981\u662f\u6765\u81ea\u4e09\u5757\u4e1a\u52a1\uff1a\u4ea4\u6613\u4fc3\u6210\u6536\u5165\uff1b\u8f66\u8d37\u670d\u52a1\u4fc3\u6210\u6536\u5165\uff1b\u5176\u5b83\u6536\u5165\u3002\u878d\u8d44\u540e\uff0c\u5c06\u4e3b\u8981\u7528\u5728\u4e09\u5757\u4e1a\u52a1\u65b9\u9762\uff1a\u63d0\u5347\u4ea4\u6613\u670d\u52a1\u80fd\u529b\u3001\u6280\u672f\u7814\u53d1\u4ee5\u53ca\u4e00\u822c\u6027\u516c\u53f8\u7528\u9014\uff0c\u5305\u542b\u6218\u7565\u6027\u6295\u8d44\u548c\u6536\u8d2d\u7b49\u3002<\/p>\n
\u3000\u3000\u516c\u5f00\u8d44\u6599\u663e\u793a\uff0c\u4f18\u4fe1\u7531\u539f\u6613\u8f66\u526f\u603b\u88c1\u6234\u7428\u57282011\u5e74\u65f6\u521b\u7acb\uff0c\u66fe\u83b7\u5f97\u6613\u8f66\u8463\u4e8b\u957f\u674e\u658c\u7684\u5929\u4f7f\u6295\u8d44\uff1b2013\u5e74\uff0c\u4f18\u4fe1\u5ba3\u5e03\u83b7\u5f97\u6765\u81ea\u541b\u8054\u8d44\u672c\u3001DCM\u3001\u8d1d\u5854\u65af\u66fc\u4e9a\u6d32\u6295\u8d44\u57fa\u91d1\u4ee5\u53ca\u817e\u8baf\u7684\u6295\u8d44\u3002<\/p>\n
\u3000\u30002014\u5e749\u6708\u4efd\uff0c\u4f18\u4fe1\u62ab\u9732\u5b8c\u6210B\u8f6e2.6\u4ebf\u7f8e\u5143\u7684\u878d\u8d44\uff0cB\u8f6e\u6295\u8d44\u65b9\u4e3a\u534e\u5e73\u6295\u8d44\u96c6\u56e2\u3001\u8001\u864e\u73af\u7403\u57fa\u91d1\u7b49\u3002<\/p>\n
\u3000\u30002015\u5e745\u6708\u4efd\uff0c\u4f18\u4fe1\u5b8c\u6210\u6765\u81ea\u767e\u5ea6\u3001KKR\u548cCoatue\u7684\u878d\u8d44\uff0c\u603b\u8ba11.7\u4ebf\u7f8e\u5143\u7684\u878d\u8d44\u3002<\/p>\n
\u3000\u3000\u8fd9\u4e48\u591a\u8f6e\u878d\u8d44\uff0c\u6295\u8d44\u673a\u6784\u4e5f\u60f3\u627e\u673a\u4f1a\u6536\u56de\u6295\u8d44\u672c\u91d1\uff0c\u66f4\u4f55\u51b5\u5e02\u573a\u4e0a\uff0c\u8fd8\u6709\u540e\u6765\u7684\u7ade\u4e89\u8005\u5728\u864e\u89c6\u7708\u7708\uff0c\u4f18\u4fe1\u9700\u8981\u62d3\u5c55\u4e1a\u52a1\u6765\u4e0e\u4e4b\u7ade\u8dd1\uff0c\u62a2\u5360\u66f4\u591a\u5e02\u573a\u4efd\u989d\u7b49\u7b49\u8fd9\u4e9b\u4e5f\u90fd\u9700\u8981\u94b1\uff0c\u4e0a\u5e02\u4f3c\u4e4e\u6210\u4e3a\u4e86\u5f53\u52a1\u4e4b\u6025\u3002<\/p>\n
\u3000\u3000\u5bf9\u4e8e\u4f18\u4fe1\u7684\u201c\u5148\u884c\u4e00\u6b65\u201d\uff0c\u74dc\u5b50\u4e8c\u624b\u8f66\u3001\u4eba\u4eba\u8f66\u3001\u5927\u641c\u8f66\u7b49\u53cb\u5546\uff0c\u5728\u63a5\u53d7\u300a\u8bc1\u5238\u65e5\u62a5\u300b\u8bb0\u8005\u91c7\u8bbf\u65f6\uff0c\u5747\u8868\u793a\u201c\u4e0d\u4e88\u7f6e\u8bc4\u201d\u3002<\/p>\n
\u3000\u3000\u4e8f\u635f\u62c9\u5927<\/p>\n
\u3000\u3000\u5728\u4eca\u5e74\u8bc1\u76d1\u4f1a\u653e\u51fa\u5f3a\u70c8\u4fe1\u53f7\uff0c\u9f13\u52b1\u4f30\u503c\u8f83\u9ad8\u7684\u201c\u72ec\u89d2\u517d\u201d\u4f01\u4e1a\u56de\u8d2dA\u80a1\u7684\u60c5\u51b5\u4e0b\uff0c\u4e3a\u4ec0\u4e48\u4f18\u4fe1\u8fd8\u662f\u6bc5\u7136\u51b3\u7136\u9009\u62e9\u8d74\u7f8e\u4e0a\u5e02\u5462\uff1f<\/p>\n
\u3000\u3000\u6216\u8bb8\uff0c\u4ece\u5176\u4ea4\u51fa\u7684\u8d22\u52a1\u60c5\u51b5\u53ef\u7aa5\u4e00\u4e8c\u3002<\/p>\n
\u3000\u3000\u6839\u636e\u827e\u745e\u63d0\u4f9b\u7684\u6570\u636e\u663e\u793a\uff0c\u4f18\u4fe1\u5360\u4e8c\u624b\u8f66\u5e02\u573a\u6574\u4f53\u4efd\u989d\u768441%\uff0c\u4f4d\u5c45\u884c\u4e1a\u7b2c\u4e00\uff0c\u5176\u4e2d2B\u4e1a\u52a1\u5360\u5e02\u573a\u6574\u4f53\u4efd\u989d\u768442%\uff0c2C\u4e1a\u52a1\u5360\u5e02\u573a\u6574\u4f53\u4efd\u989d\u768441%\u3002<\/p>\n
\u3000\u3000\u4ece\u6210\u4ea4\u4e1a\u52a1\u4e0a\u6765\u770b\uff0c2016\u5e74\u4f18\u4fe1\u4e8c\u624b\u8f66\u7684\u6210\u4ea4\u91cf\u4e3a37\u4e07\u8f86\uff0c2017\u5e74\u6210\u4ea4\u91cf\u98d9\u5347\u81f363\u4e07\u8f86\uff0c\u540c\u6bd4\u589e\u957f68%\uff1b\u6210\u4ea4\u989d\u75312016\u5e74\u7684260\u4ebf\u5143\u4e0a\u5347\u81f32017\u5e74\u7684434\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f67%\u3002<\/p>\n
\u3000\u30002017\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6210\u4ea4\u91cf\u4e3a10.2\u4e07\u8f86\uff0c\u52302018\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6210\u4ea4\u91cf\u4e3a16.5\u4e07\u8f86\uff0c\u540c\u6bd4\u589e\u957f61.6%\uff1b\u6210\u4ea4\u989d\u65b9\u9762\uff0c2017\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a79\u4ebf\u5143\uff0c2018\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u91d1\u989d\u8fbe\u5230\u4e86116\u4ebf\u5143\uff0c\u540c\u6bd4\u4e0a\u6da847.8%\u3002<\/p>\n
\u3000\u3000\u5177\u4f53\u5230\u8d22\u52a1\u6570\u636e\u6765\u770b\uff0c\u4f18\u4fe12017\u5e74\u8fd0\u8425\u4e8f\u635f18.23\u4ebf\u5143\uff082.79\u4ebf\u7f8e\u5143\uff09\uff0c2016\u5e74\u8fd0\u8425\u4e8f\u635f12.52\u4ebf\u5143\uff1b2017\u5e74\u51c0\u4e8f\u635f\u4e3a27.48\u4ebf\u5143\uff084.2\u4ebf\u7f8e\u5143\uff09\uff0c2016\u5e74\u51c0\u4e8f\u635f\u4e3a13.92\u4ebf\u5143\uff1b\u5982\u679c\u6263\u9664\u6389\u80a1\u6743\u8865\u507f\u4ee5\u53ca\u516c\u5141\u4ef7\u503c\u8c03\u6574\u7b49\uff0c\u4f18\u4fe12017\u5e74NO-GAAP\u7684\u4e8f\u635f\u662f16.96\u4ebf\u5143\uff1b\u5f52\u5c5e\u4e8e\u4f18\u4fe1\u80a1\u4e1c\u51c0\u4e8f\u57282017\u5e74\u4e3a37.73\u4ebf\u5143\uff08\u7ea65.77\u4ebf\u7f8e\u5143\uff09\uff0c2016\u5e74\u51c0\u4e8f\u635f\u4e3a17.75\u4ebf\u5143\u3002<\/p>\n
\u3000\u3000\u4e0d\u8fc7\uff0c\u5728\u5bf9\u5916\u7684\u6570\u636e\u65b9\u9762\uff0c\u4f18\u4fe1\u5de7\u5999\u91c7\u7528\u975e\u7f8e\u901a\u7528\u4f1a\u8ba1\u51c6\u5219\u5bf9\u5916\u516c\u5e03\u8425\u6536\u60c5\u51b5\uff0c\u4e5f\u5373\u4f18\u4fe1\u57282016\u5e74\u5ea6\u975e\u7f8e\u901a\u7528\u4f1a\u8ba1\u51c6\u5219\u4e8f\u635f10.504\u4ebf\u5143\uff1b2017\u5e74\u4e8f\u635f16.961\u4ebf\u5143\uff0c\u4e8f\u635f\u589e\u957f61.4%\uff1b2018\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4f18\u4fe1\u975e\u7f8e\u901a\u7528\u4f1a\u8ba1\u51c6\u5219\u4e8f\u635f4.7799\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u4e0e2017\u5e74\u7b2c\u4e00\u5b63\u5ea6\u589e\u957f11%\u3002<\/p>\n
\u3000\u3000\u6309\u7167\u8fd9\u4e2a\u6807\u51c6\u6765\u770b\uff0c\u662f\u4e0d\u662f\u4e0e\u4e4b\u524d\u7684\u4e8f\u635f\u91d1\u989d\u76f8\u6bd4\u5dee\u8ddd\u4e0d\u662f\u4e00\u822c\u7684\u5927\u3002<\/p>\n
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