華住酒店集團股票暴跌

❶ 闆呴珮鍐嶅噺鍗庝綇鑲℃潈錛屽畠鐨勨滄湅鍙嬪湀鈥濇湁杈歸檯鍚楋紵鍀滆祫鏈璁虹2鏈

鍖椾含鏃墮棿2鏈24鏃ワ紝闆呴珮鍏甯冧簡2020騫寸鍥涘ｅ害鍙婂叏騫磋儲鎶ャ傛埅姝2020騫村簳錛岄敠奼熶粛鏄闆呴珮鐨勫ぇ鑲′笢錛屽疄鐩婃寔鑲13%錛屾姇紲ㄦ潈17%銆傚崕浣忓疄鐩婃寔鑲￠泤楂6.2%錛屾姇紲ㄦ潈4.8%銆備笌鍗婂勾鍓嶇浉姣旓紝鎸佽偂姣斾緥澧為暱浜嗕竴鍊嶄互涓娿傚湪姝や箣鍓嶏紝娉曞浗闆呴珮閰掑簵闆嗗洟浠2.39浜挎у厓鐨勪環鏍礆紝鍑哄敭浜嗗崕浣忛泦鍥1.5%鐨勮偂紲ㄣ傚湪鍏鍛婁腑錛岄泤楂樿〃紺烘ゆ′氦鏄撳皢浼氬府鍔╁叾榪涗竴姝ユ敹鑾鋒渶鍒濇姇璧勫崕浣忓甫鏉ョ殑鏀剁泭錛屽悓鏃惰繕灝嗙畝鍖栭泤楂樼殑璧勪駭璐熷鴻〃銆
涓氬唴浜哄＋縐幫紝鑲℃潈浜ゆ槗浼間箮姝ｅ湪鎴愪負閰掑簵闆嗗洟鑾峰緱鐜伴噾嫻佸強鎵╁紶鍙戝睍鐨勫父瑙勬搷浣滐紝鑰岄泤楂樻洿鏄娣辮皺鍏墮亾鐨勯珮鏄庘滄搷鐩樻墜鈥濄傚叾涓庡崕浣忛暱杈6騫寸殑璧勬湰涓庡搧鐗岃仈濮誨氨鏄鏈濂界殑渚嬪瓙銆
1. 闆嗗洟鐗墊墜錛岄泤楂樹笌鍗庝綇6騫粹滆佸弸璁扳
闆呴珮涓庡崕浣忕殑鑱斿Щ錛屽嬩簬2014騫淬傚郊鏃訛紝闆呴珮閰掑簵闆嗗洟鏄嬈ф床銆佹媺涓佺編媧層侀潪媧層佷腑涓滃拰澶ф磱鍦板尯閰掑簵涓氱殑棰嗗艱咃紝鍏墮壕涓7澶у搧鐗岋細緔㈣彶鐗廣侀搨灝旀浖銆佺編鐖點佽哄瘜鐗廣佸疁蹇呮濆拰緹庢啲闃佸凡寰楀埌涓鍥戒笟涓誨拰娑堣垂鑰呯殑騫挎硾璁ゅ彲銆傝屽壋絝嬩簬2005騫寸殑鍗庝綇闆嗗洟宸茬粡鎷ユ湁奼夊涵銆佸叏瀛ｃ佽姳闂村爞銆佹槦紼嬬瓑浠ョ粡嫻庤繛閿佸拰涓楂樼涓轟富鐨勯厭搴楀搧鐗岋紝騫朵笖浠ラ珮閫熻岀ǔ鍋ョ殑鍙戝睍鍔垮ご錛岃坊韜鍏ㄧ悆閰掑簵鎺掕屾溿傞偅騫村啲澶╋紝鍙屾柟閫氳繃絳劇講闀挎湡鎴樼暐鑱旂洘鍗忚錛岃″垝鍏卞悓寮杈熷湪鍗庨厭搴椾笟鍔★紝榪欎篃鎴愪負涓澶栭厭搴楅泦鍥㈠悎浣滅殑涓嬈￠噷紼嬬戜簨浠躲
榪欐佃祫鏈涓庡搧鐗岀殑鑱斿Щ錛屽湪鎺ヤ笅鏉ョ殑鍑犲勾錛屼竴鐩撮兘鍦ㄤ笂婕旂簿褰╂垙鐮併
涓氬唴浜哄＋璁や負錛屽敖綆′氦鍙夎偂鍙屾柟鍚勮嚜鍑忔寔錛屼絾榪欏苟涓嶆剰鍛崇潃闆呴珮鍜屽崕浣忔ｅ湪緇忓巻鈥滀竷騫翠箣鐥掆濄傞泤楂樻柟闈㈠湪鎺ュ彈濯掍綋鎶ラ亾鏃舵寚鍑猴紝鏈鏉3騫達紝榪樻湁200澶氬剁敱鍙屾柟鍚堜綔鐨勭瑰緩閰掑簵灝嗕細鎺ㄥ嚭銆傛嵁浜嗚В錛岃嚜闆呴珮2014騫翠笌鍗庝綇鑱斿Щ鍚庯紝闆呴珮鍦ㄥ叏鐞冩渶澶х殑鍑哄冩父甯傚満涓鑾峰緱瓚呰繃1.4浜跨殑鈥滃崕浣忎細鈥濆繝璇氳″垝浼氬憳錛屽苟涓斿湪鍗庝綇鐨勯紦鍔變笅錛屽叾蹇犺瘹璁″垝浼氬憳鍦ㄥ冨栨父涓閫夋嫨闆呴珮閰掑簵闆嗗洟鏃椾笅閰掑簵銆傝屽湪鍒氬垰榪囧幓鐨2020騫達紝涓鍥藉競鍦烘垚涓哄叏鐞冮厭搴椾笟鎮㈠嶆渶蹇鐨勫尯鍩熷競鍦猴紝澶т腑鍗庡尯涔熷湪鎴愪負闆呴珮閰掑簵闆嗗洟鏂扮殑涓氱嘩澧為暱鐐廣
鈥滃崕浣忓拰闆呴珮鐨勮繖涓妯″紡寮鍒涗簡鍥藉唴閰掑簵闆嗗洟涓庡浗闄呴厭搴楅泦鍥㈠悎浣滅殑鏂版ā寮忋傗濆崕緹庨厭搴楅【闂鏈烘瀯棣栧腑鐭ヨ瘑瀹樸侀珮綰х粡嫻庡笀璧電剷鐒辮や負錛屽叾紿佺牬浜嗛泦鍥涔嬮棿鐨勫佸瀿錛屽疄鐜頒簡涓澶棰勮㈢郴緇熺殑瀵規帴錛屽苟鐪熸ｅ疄鐜頒簡浼氬憳璧勬簮鐨勪氦鍙夋矡閫氬拰鍏變韓銆備簩鑰呮棤璁烘槸鍦ㄨ祫鏈灞傞潰錛岃繕鏄鍦ㄧ粡钀ュ眰闈錛屽弻鏂歸兘鏄瀹炲疄鍦ㄥ湪鐨勬帹榪涘悎浣溿
鐜板湪鐪嬫潵錛屽崕浣忎笌闆呴珮閰掑簵鐨勮仈鐩燂紝宸茬粡涓嶄粎浠呮槸鎴樼暐鎰忎箟涓婄殑鑱旂洘錛岃屾槸涓鍦鴻祫鏈鍜屽搧鐗岀殑鎼烘墜鈥斺斿崕浣忔垨鍥犳ゅ緱浠ユ嫇瀹藉浗闄呭競鍦烘笭閬擄紱鑰岄泤楂樹篃鍦ㄤ腑鍥藉競鍦烘湁浜嗕竴涓紼沖滻鐨勫悎浣滀紮浼淬備絾鏄闆呴珮鐨勯噹蹇冨苟涓嶆浜庢わ紝瀹冪殑鏈嬪弸鍦堬紝浠嶅湪涓嶆柇鎵╁ぇ銆
2. 鈥滆喘鐗╃媯鈥濋泤楂樻墿鍒楁湅鍙嬪湀錛屽崕浣忓苟闈炲敮涓
濡傛灉璇撮泤楂樻槸閫氳繃鍜屽崕浣忕殑鍚堜綔鎷誇笅浜嗗ぇ涓鍗庡尯榪欏潡鈥滆泲緋曗濓紝閭ｄ箞瀵瑰叾鑰岃█錛屽畬鍠勫叏鐞冨寲甯冨矓鏇存槸鍏舵牳蹇冨彂灞曟垬鐣ョ殑涓閮ㄥ垎銆
鑷2016騫磋搗錛岄泤楂橀厭搴楅泦鍥㈤珮棰戠巼鍦版敹璐鎴栨姇璧勪簡璁稿氬叕鍙革紝鍑犱箮姣忎釜鏈堥兘鏈夊姩浣溿傚叾鍦2017騫10鏈堝唴榪炵畫涓夋℃姇璧勶紝鏀惰喘浜嗛厭搴楅勫畾騫沖彴Gekko銆佹境媧茬浜屽ぇ閰掑簵榪愯惀鍟哅antra Group鍙婁笢鏂瑰揩杞﹀搧鐗屾墍鏈夎匫rient Express50%鐨勮偂鏉冿紝寮曡搗涓氱晫闇囧姩銆傛垜浠娉ㄦ剰鍒幫紝榪欎竴鍒囬兘婧愪簬闆呴珮閰掑簵闆嗗洟鐨勮懀浜嬮暱鍏 CEO Sebastien Bazin 鍦2013騫翠笂浠繪椂鎺ㄥ嚭鐨勯泤楂樿漿鍙樻垬鐣ワ紝鍏舵棭鏈熶婦鎺涔嬩竴灝辨槸灝嗚ラ厭搴楅泦鍥㈢殑涓氬姟鍒掑垎涓轟袱鍧楋細涓閮ㄥ垎榪愯惀璇ラ泦鍥㈢殑閰掑簵鍝佺墝錛屽彟涓閮ㄥ垎鍒欎笓娉ㄦ墍鏈夋潈鍜屾姇璧勩
鎹鎮夛紝闆呴珮鑷2016騫4鏈堟敹璐楂樼鎴垮眿鐭縐熷鉤鍙癘nefinestay涔嬪悗渚垮紑濮嬩簡鈥滀拱涔頒拱鈥濅箣鏃呫傛埅姝㈣嚦2019騫達紝闆呴珮鍏寮鎶曡祫騫惰喘鍖呮嫭楂樼濂㈠崕閰掑簵鍝佺墝銆佷細灞曞叕鍙搞佸湪綰垮鉤鍙般侀厭搴楀懆杈規湇鍔′緵搴斿晢絳夌瓑瓚呰繃20瀹朵紒涓氾紝寮曞彂琛屼笟鍏蟲敞銆
鎴戜滑娉ㄦ剰鍒幫紝闆呴珮涔熷苟闈炴鏃犻昏緫鐨勨滃墎鎵嬫敹璐鈥濓紝鑰屾槸浠ュ叾鍏ㄧ悆鍙戝睍鏍稿績鎴樼暐榪涜屽竷灞錛屽叾鐗圭偣鍗佸垎鏄庢樉錛
鍏朵竴鏄楂樹腑絝銆佺粡嫻庡瀷絳変笉鍚屼笟鎬侀厭搴楀搧鐗岀殑鍏ㄧ悆鎬у竷灞銆備綔涓轟竴涓鏉ヨ嚜娉曞浗鐨勯厭搴楅泦鍥錛岄泤楂樹粠涓嶆嫆緇濊蛋鍚戜笘鐣岋紝2016騫達紝闆呴珮閰掑簵闆嗗洟鏀惰喘寰峰浗綺懼搧榪為攣閰掑簵25hours Hotels 30%鐨勮偂鏉冿紝璁″垝鍦ㄦ湭鏉ヨ繘鍐涜嫃榛庝笘銆佹厱灝奸粦銆佸ⅷ灝旀湰鍜岀背鍏扮瓑澶氫釜钁楀悕鏃呮父鍩庡競銆2018騫達紝闆呴珮閰掑簵闆嗗洟璁″垝鏀惰喘21c鍗氱墿棣嗛厭搴85%鐨勮偂鏉冦21c鍗氱墿棣嗛厭搴桟EO Greenberg璁や負錛岄泤楂樼湅涓鐨勪笉鍙鏄21c鍦ㄥ寳緹庣殑鍙戝睍鏈轟細錛岃繕鏈夊湪嬈ф床鐨勪笟緇╁為暱娼滃姏銆傞櫎浜嗗叏鐞冨竷灞涔嬪栵紝闆呴珮姝ｅ湪瀹屽杽鑷韜鐨勯厭搴楃粏鍒嗗搧鐗屻2017騫6鏈堬紝闆呴珮騫惰喘姝ｅ紡騫惰喘FRHI閰掑簵鍙婂害鍋囨潙闆嗗洟鏃椾笅鐨勪笁瀹跺ア鍗庡搧鐗屸斺旇垂灝旇挋銆佽幈浣涘＋鍜岀憺澹閰掑簵銆2021騫1鏈堬紝闆呴珮涓庤豹鍗庨厭搴椾笟宸ㄥごFaena闆嗗洟寤虹珛鎴樼暐鍚堜綔鍏崇郴錛屽皢鎼烘墜灝咶aena鍝佺墝寮曞叆榪鎷滃拰鍏朵粬鍏ㄧ悆鐩鐨勫湴銆傞氳繃榪欎簺騫惰喘鍜屽悎浣滐紝闆呴珮閰掑簵闆嗗洟鎴栧皢鎴愪負鍏ㄧ悆濂㈠崕閰掑簵鍝佺墝鐨勯嗗啗浜虹墿錛屼笉浣嗘墿澶т簡鑷韜澧為暱鍜岀泩鍒╄兘鍔涳紝騫跺湪涓栫晫鏈澶у強鏈鏈夋秷璐瑰獎鍝嶅姏涔嬩竴鐨勫寳緹庡競鍦烘寔緇鎵╁紶錛岀洿鑷寵蛋鍚戝叏鐞冦
鍏朵簩鏄褰㈡垚浠ラ厭搴椾負涓蹇冪殑澶氬厓鍟嗕笟鐢熸佸湀銆傞櫎浜嗛珮絝鐭縐熺綉絝橭nefinestay鍜 Fairmont Raffles Hotels International 閰掑簵闆嗗洟絳夌浉鍏寵屼笟浠ュ栵紝闆呴珮榪樻敹璐浜哣eryChic絳変簰鑱旂綉鍒濆壋浼佷笟鍜岀嚎涓婄ぜ瀹炬湇鍔′緵搴斿晢John Paul 絳夈備笟鍐呬漢澹鍒嗘瀽縐幫紝闆呴珮騫朵笉婊¤凍浜庡彧鍦ㄩ厭搴椾綇瀹垮拰浼氬睍涓氬姟涓鎺㈢儲錛屽悓鏃朵篃甯屾湜鍙樻垚涓涓鍏ㄦ柟浣嶇殑鏃呮父浼佷笟銆佹埧灞嬬煭縐熴侀愰ギ銆佹棶娓告椿鍔錛岀敋鑷蟲槸鑸絀恆傛垜浠娉ㄦ剰鍒幫紝闆呴珮姝ｅ湪寤虹珛涓涓浠ラ泤楂樹負涓蹇冿紝鑼冨洿涓哄叏鐞冪殑澶氬厓鍟嗕笟鐢熸佸湀銆
涓嶈繃錛屽敖綆￠泤楂樼殑鏀跺苟璐鍦ㄥ府鍔╁叾瀹屾垚杞昏祫浜ц漿鍨嬬殑閬撹礬涓婅搗鍒頒簡閲嶈佷綔鐢錛屼絾鍏惰儗鍚庣殑鍗辨満浠嶇劧瀛樺湪錛
涓鏂歸潰鏄闆呴珮娌℃湁杈歸檯鐨勨滀拱涔頒拱鈥濊嚜鐒朵篃甯︽潵浜嗘瀬澶х殑緇忚惀鍥板冦2016騫達紝闆呴珮鏀惰喘鎶曡祫鐭縐熷鉤鍙癘nefinestay鍜岀ぜ瀹炬湇鍔″叕鍙窲ohn Paul錛岀劧鑰岋紝鎴姝2018騫7鏈堬紝榪欎袱涓欏圭洰閫犳垚鐨勪簭鎹熼珮杈2.88浜跨編鍏冦2017騫11鏈堬紝闆呴珮閰掑簵縐板皢緇撴潫鎺ㄥ嚭浠2騫寸殑鍗曚綋閰掑簵鐨勫湪綰塊勮㈠鉤鍙版湇鍔★紝鍘熷洜鏄鍏舵晥鏋滃苟涓嶇﹀悎棰勬湡銆
闆呴珮闆嗗洟鍔╃悊棣栧腑鎵ц屽畼 Jean-Jacques Morin鏇劇粡瀵規ゅ叕寮鍙戣〃鐪嬫硶錛氣滀紒涓氬苟璐鏁村悎鍑虹幇鏆傛椂浜忔崯鏄甯歌侀棶棰橈紝闆呴珮鍦ㄨ繘琛屼笟鍔℃暣鍚堟椂璁劇珛浜嗚繃澶х殑鐩鏍囷紝鍦ㄦ湇鍔¤寖鍥村拰鏂瑰悜鐨勬嫇灞曟柟闈涔熸搷涔嬭繃鎬ャ傞泤楂樻ｅ湪榪涜岃皟鏁達紝紜淇濋噸鐐瑰彂灞曡兘鐪熸ｅ疄鐜扮泩鍒┿佸苟涓旇鏈夋晥綆＄悊鐨勭浉鍏充笟鍔°傗
鍙︿竴鏂歸潰鍒欐槸鍦ㄦ棤娉曢勪及鐨勫嵄鏈洪潰鍓嶏紝鎶婃帶鎴愭湰杈冧負楂樻槀銆傛垜浠娉ㄦ剰鍒幫紝鍦ㄨ繃鍘葷殑2020騫撮泤楂樼殑鏀跺苟璐鍔ㄤ綔灞堟寚鍙鏁幫紝鍏ㄧ悆鐖嗗彂鐨勭柅鎯呮槸涓昏佸師鍥犱箣涓銆傛嵁闆呴珮閰掑簵闆嗗洟鍏甯冪殑2020騫寸鍥涘ｅ害鍙婂叏騫磋儲鎶ユ樉紺猴紝闆呴珮2020騫村叏騫存繪敹鍏16.2浜挎у厓鍚屾瘮涓嬮檷54.8%銆侲BITDA浜忔崯3.9浜挎у厓錛屽噣浜忔崯瓚呰繃19浜挎у厓銆傚湪鍏ㄥ勾鍏ヤ綇鐜囨柟闈錛岄泤楂2020騫翠負32.1%錛屽悓姣斾笅闄嶄簡37.4涓鐧懼垎鐐癸紱RevPAP涓24嬈у厓鍚屾瘮涓嬮檷62%銆傚叾涓閰掑簵璧勪駭鏀跺叆3.98浜挎у厓鍚屾瘮涓嬮檷45.8%錛涙柊涓氬姟鏀跺叆9100涓囨у厓錛屽悓姣斾笅闄42.9%錛屽叾涓鍖呮嫭濂㈠崕鐭縐熴佸ア鍗庨厭搴楃佷漢閿鍞鍜岄厭搴楁暟瀛楁湇鍔°傜柅鎯呭湪鍏ㄧ悆鐨勮敁寤惰嚧浣塊厭搴椾笟闄峰叆鍥板冿紝鑰屽仠婊炵殑鏃呮父涓氫篃璁╅泤楂橀厭搴楅泦鍥涓嶅緱涓嶆斁緙撴姇璧勫苟璐鐨勬ヤ紣銆
褰撶劧錛岄泤楂樺湪鍏ㄧ悆鑼冨洿鍐呯殑鏀跺苟璐浣垮叾鍦ㄦ垚涓鴻秴綰ч厭搴楅泦鍥㈢殑閬撹礬涓婃洿榪涗竴姝ャ傛埅姝2020騫村簳錛岄泤楂樼粡钀ョ殑瀹㈡埧鏁拌秴榪75.3涓囬棿錛岀瑰緩涓鐨勫㈡埧鏁伴噺涓21.2涓囬棿錛屽叾涓73%閮藉湪鏂板叴甯傚満錛岃屼笖鍦ㄤ笉鏂鎵╁紶鍜屽彂灞曠殑榪囩▼涓錛岄泦鍥㈣交璧勪駭杞鍨嬩簲騫磋″垝鍗沖皢鏀跺畼銆傝嚦姝わ紝闆呴珮涔熶負閰掑簵涓氱殑鈥滆秴綰ч泦鍥⑩濆吇鎴愭彁渚涗簡鈥滈泤楂樻ā寮忊濊寖鏈銆
3. 鈥滈泤楂樻ā寮忊濇湁鍝浜涘彲琚澶嶅埗錛
浼撮殢鐫鎴垮湴浜ц屼笟榪堝叆瀛橀噺緇忔祹鏃朵唬錛屾埧浠風殑鏀鍗囪揩浣塊暱鏈熻搗鏉ヤ緷璧栧湴浜т負鐢熷瓨鍜屽彂灞曠殑鍚勭被鍟嗕笟褰㈡侀兘灝嗛潰涓寸潃涓涓鑹伴毦鐨勬妷鎷╋紝閭ｅ氨鏄濡備綍鍑忓皯鎴愭湰錛屸滆交鈥濊呬笂闃碉紝瀹屾垚浼佷笟鐨勮交璧勪駭鍙戝睍杞鍨嬶紝鑾峰緱鏇村揩閫熺殑鍙戝睍銆備互闆呴珮涓轟緥錛岃繖縐嶁滆交璧勪駭緇忚惀鈥濅紭鍔挎槑鏄撅細
鍏朵竴鏄閫氳繃鏀跺苟璐錛屼紭鍖栬祫浜ч厤緗銆2020騫1鏈堬紝鍗庝綇閰掑簵闆嗗洟鏀惰喘寰峰浗絎涓澶ф湰鍦熼厭搴楅泦鍥錛屽苟涓斿湪鍚屾湀鍚鍔ㄦ敹璐鏃ユ湰閰掑簵鐨勪笟鍔★紝寮鍚鑷宸辯殑嫻峰栨墿寮犱箣璺銆傚叾涓庨泤楂樷滀拱涔頒拱鈥濅竴鏍鳳紝姝ｅ湪涓轟簡浜у搧銆佹墿澶у競鍦哄崰姣旇繘琛屽叏鐞冭寖鍥村唴鐨勬敹騫惰喘錛屽洿緇曗滀拱鍏-璋冩暣-鍗栧嚭鈥濈殑閫昏緫錛屽悇縐嶆姇璧勪漢涔熷笇鏈涗緷鎵樺ぇ闆嗗洟涔嬫墜鑾峰緱鏇撮珮鐨勬姇璧勫洖鎶ョ巼銆備笉榪囷紝闄や簡鈥滀拱涔頒拱鈥濅互澶栵紝鈥滃崠鍗栧崠鈥濅篃鏄杞昏祫浜х殑妯″紡涔嬩竴銆傞氳繃灝嗘墜涓緇忚惀涓嶆櫙姘旂殑鍝佺墝榪涜屾姏鍞錛屽湪鑾峰緱鐜伴噾嫻佺殑鍚屾椂鍑忚礋鍓嶈屻備笟鍐呬漢澹璁や負錛屽逛簬閰掑簵闆嗗洟鑰岃█錛屾敹璐渚濈劧鏄杞昏祫浜ц繍钀ョ殑蹇呯粡涔嬭礬錛屽湪鈥滃ぇ楸煎悆灝忛奔錛屽皬楸煎悆鉶劇背鈥濈殑榪囩▼涓錛岄厭搴楅泦鍥㈠彲浠ヨ繀閫熷畬鎴愬競鍦哄竷灞錛屽崰棰嗚緝澶х殑甯傚満浠介濄
鍏朵簩鏄澶氬厓鍖栫粡钀ユ墠鏄鏈鏉ラ厭搴楅泦鍥㈡柊鐨勫彂灞曟柟鍚戙傝繎鍑犲勾鏉ワ紝闆呴珮涓鐩磋嚧鍔涗簬鍙戝睍澶氬厓鍖栫殑緇忚惀妯″紡錛屽叾涓鐢熸椿鏂瑰紡鍝佺墝鏄鍏跺叧娉ㄧ殑閲嶇偣銆傞泤楂橀厭搴楅泦鍥㈣懀浜嬮暱鍏 CEO Sebastien Bazin縐伴泤楂25%鐨勬敹鍏ラ兘鏄鏉ヨ嚜璇ユ澘鍧楋紝騫朵笖璁や負闆嗗洟鏈鏉ユ敹鍏ョ殑涓夊垎涔嬩竴灝嗕笉鍐嶆潵婧愪簬浼犵粺鐨勯厭搴楀㈡埧涓庨愰ギ閿鍞銆傚叾鍦2017騫存敹璐璊ohn Paul鍏ラ┗楂樼紺煎懼競鍦猴紝渚挎槸璇曞浘鏀瑰彉鏁板瓧鍖栦笅浼犵粺閰掑簵闈涓寸殑緇忚惀椋庨櫓銆傚敖綆″叾鍙戝睍鍓嶈礬婕婕錛屼絾鏄澶氬厓鍖栫粡钀ュ凡緇忔垚涓鴻屼笟鍏辮瘑銆
鍦ㄦ秷璐瑰崌綰х殑澶ц儗鏅涓嬶紝涓鎬у寲銆佽法鐣屽寲灝嗘垚涓烘柊鐨勮秼鍔褲傚崟涓鐨勯厭搴楃粡钀ュ凡緇忎笉鍐嶆槸鏂板瀷娑堣垂鑰呴潚鐫愮殑瀵硅薄錛屾洿澶氱殑鏄鈥滈厭搴+紺懼尯鈥濄佲滈厭搴+鍜栧暋棣嗏濄佲滈厭搴+緗戝惂鈥濄佲滈厭搴+鍔炲叕鈥濈瓑澶氱嶅満鏅鍖栧満鎵錛岃揪鎴愪粠閰掑簵琛嶇敓鍒頒笉鍚岀敓媧繪柟寮忕殑瀵規帴銆傝繖涔熸剰鍛崇潃閰掑簵宸ㄥご浠鏈鏉ョ殑鍙戝睍鏂瑰悜灝嗕笉浠呬粎闆嗕腑鍦ㄦ煇涓鏉垮潡錛岃屾槸涓嶆柇鐨勬嫇瀹藉満鏅鐨勮竟鐣岋紝鑰岃祫鏈鍒欏彲鑳芥槸灝嗗叾鍙樹負鏄劇ず鎴栬呭姞閫熷叾瀹炵幇鐨勯噸瑕佹帹鍔涖
鍏朵笁閫氳繃鐗硅哥粡钀ュ畬鎴愭湰鍦熷寲杞鍨嬨傛嵁浜嗚В錛岃嚜2014騫村崕浣忛厭搴楅泦鍥涓庨泤楂橀厭搴楅泦鍥㈢劇講闀挎湡鎴樼暐鍗忚涔嬪悗錛岄泤楂樻棗涓嬬粡嫻庡瀷閰掑簵緹庡眳銆佸疁蹇呮濆皻鍝佸拰瀹滃繀鎬濆搧鐗屽湪鍗庝綇閰掑簵闆嗗洟鐨勭＄悊涓嬪憟鐜板叏鏂扮殑鍙戝睍鎬佸娍銆備互緹庡眳涓轟緥錛岃繖涓宸叉湁鍑犲嶮騫村巻鍙茬殑閰掑簵鍝佺墝錛屽崕浣忕殑絎涓姝ュ氨鏄灝嗗叾瀹氫綅涓轟腑楂樼鍝佺墝錛屽湪鍏呭垎鍙嶅簲鍏舵硶寮忎紭闆呭搧鐗岄庢牸鐨勫熀紜涓婅繘琛屼駭鍝佹爣鍑嗗寲銆傝繖縐嶇瓥鐣ヤ粠鏌愮嶇▼搴︿笂鏉ヨ存ｅ湪鍔╁姏緹庡眳鎴愪負鍗庝綇楂樼浜嬩笟閮ㄧ殑鍘嬭埍鐭籌紝闄や簡鏄楂樼浜嬩笟閮ㄧ殑涓昏佸埄娑︽潵婧愬拰浼氬憳鏉ユ簮浠ュ栵紝鏇存槸鍏惰繍钀ユā寮忕殑鍒涙柊鍩哄湴鍜屼漢鎵嶅煿鍏誨熀鍦般傗滀互涓澶栧悎浣滆繖涓閫忚嗛暅鏉ヨ傚療涓娣瘋鍝佺墝鐨勫彂灞曪紝鍏舵垚鍔熺殑鍏抽敭鍦ㄤ簬鏈鍦熷寲銆傗濈幇浠誨崕浣忛泦鍥㈡墽琛屽壇鎬昏佹毃鍏ㄧ悆楂樼閰掑簵浜嬩笟閮–EO鐨勫忓啘鍦ㄦ帴鍙楄繄鐐歸噰璁挎椂琛ㄧず錛屾瘯絝熸兂瑕佹嬁鍥介檯鐨勬爣鍑/浜у搧鏉ヤ腑鍥藉競鍦轟笉澶鐜板疄錛屽洜涓哄畠闈涓寸殑瀹㈢兢瀹屽叏涓嶅悓銆傚洜姝ゆ棤璁烘槸騫誇箟涓婄殑鐗硅哥粡钀ワ紝榪樻槸綆鍗曠殑鍥藉唴閰掑簵浠ｈ繍钀ワ紝鏇村氫粛鏄闇瑕佸瑰悎浣滅殑鍥介檯閰掑簵鍝佺墝榪涜屾湰鍦熷寲瑙ｇ爜銆
浜嬪疄涓婏紝褰撴垜浠鍥為【闆呴珮榪欏嚑騫粹滃炶礋鍑忚礋鈥濈殑榪囩▼錛屾垜浠娉ㄦ剰鍒伴泤楂樻ā寮忓凡緇忓艦鎴愬叾鐙鏈夌殑鐢熷懡鍔涳紝榪欑嶇敓鍛藉姏姝ｅ湪甯鍔╅泤楂樺畬鎴愭渶鍚庣殑杞昏祫浜ц漿鍨嬶紝杞鍨嬫垚鍔熶箣鍚庣殑闆呴珮錛屽張浼氱粰鎴戜滑甯︽潵澶氬皯鎯婂枩鍛錛
4. 闆呴珮鐨勪笅涓絝欙細鎯婂枩浼氭洿澶氬悧錛
鍖椾含鏃墮棿2鏈24鏃ュ崍鍚庯紝闆呴珮鍏甯冩潵2020騫寸鍥涘ｅ害鍙婂叏騫磋儲鎶ャ傛牴鎹璐㈡姤鎶闇茬殑鏁版嵁闆呴珮鍘誨勾鎬繪敹鍏ヤ負16.2浜挎у厓錛屽悓姣斾笅闄嶄簡瓚呰繃50%銆傛埅姝2020騫村簳錛岄泤楂樺驚鐜鑷鐢辯幇閲戞祦涓-7.27浜挎у厓錛屽噣璐熷13.46浜挎у厓銆傜洰鍓嶆瘡涓鏈堢殑鐜伴噾鎹熻椾負6100涓囨у厓宸﹀彸錛屾瘮涓婁釜瀛ｅ害鏈夋墍鏀剁獎銆
鐤鎯呭瑰叏鐞冮厭搴椾笟鐨勬矇閲嶆墦鍑伙紝闆呴珮鏈鑳藉垢鍏嶃傚幓騫10鏈堬紝闆呴珮閰掑簵闆嗗洟钁ｄ簨闀垮吋 CEO Sebastien Bazin鍦⊿kift鍏ㄧ悆璁哄潧涓婅〃紺猴紝灝嗚繘琛屼竴嬈″ぇ瑙勬ā鐨勭粍緇囨灦鏋勯噸緇勶紝闆嗗洟25%鐨勪紒涓氬憳宸ュ皢琚姘鎬箙瑙ｉ泧錛屾ゆ″ぇ瑙勬ā緇撴瀯閲嶇粍涔熸槸闆呴珮杞昏祫浜ц漿鍨嬩簲騫磋″垝鐨勬渶鍚庝竴鐜錛岃繖涔熸剰鍛崇潃鏈鏉ュ苟璐灝嗕笉鍐嶆槸闆呴珮鐨勯栬佺洰鏍囥
鍗變笌鏈烘案榪滄槸騫跺瓨鐨勩傛ゆ″ぇ瑙勬ā緇撴瀯閲嶇粍涔熸殫紺虹潃闆嗗洟鍏ㄦ柊鐨勫為暱鏈轟細錛
鍏朵竴錛岃豹鍗庡拰鐢熸椿鏂瑰紡涓氬姟灝嗕綔涓洪泦鍥㈢殑鐙絝嬮儴闂ㄨ繘琛岀粏鍒嗛嗗煙鐨勬帰緔銆傛垜浠娉ㄦ剰鍒幫紝鍦ㄧ柅鎯呰倖鎺犵殑2020騫達紝闆呴珮渚濈劧鍦ㄦ帹鍔ㄦ棗涓嬬殑鑾變經澹鍝佺墝榪涜屽叏鐞冩墿寮狅紝鑰屽叾鏃椾笅鐢熸椿鏂瑰紡鍝佺墝Delano鍜孲LS涔熻〃鐜板嚭浜嗘柊鐨勫為暱娼滃姏銆
鍏朵簩錛岀敱浜庡浗鍐呯柅鎯呭噺緙擄紝澶т腑鍗庡尯鎴愪負闆呴珮鏂扮殑涓氱嘩澧為暱鐐癸紝鍖呮嫭闆呴珮鍦ㄥ唴鐨勪紬澶氬浗闄呴厭搴楅泦鍥㈡ｅ湪灝嗘洿澶氱殑鐩鍏夎漿鍚戜腑鍥藉競鍦猴紝鏂頒竴杞鐨勭珵浜変笌鍚堜綔鎴栧皢鎴愪負鏈鏉ュ彂灞曠殑鍏抽敭璇嶃
鍏朵笁錛屽叏鐞冨寲璧勪駭閰嶇疆鐨勫ぇ娼涔嬩笅錛屽湪鎴愪負鈥滆秴綰у法澶粹滅殑娓告垙涓錛岄泤楂樻垨灝嗚繋鏉ユ柊鐨勮掕壊銆
姝ゅ墠錛屽叧浜庘滀竾璞鍙鑳戒細鏀惰喘闆呴珮鈥濅互鍙娾滈泤楂樿冭檻鏀惰喘媧查檯絳夋秷鎮涓嶈儷鑰岃蛋鈥斺斿惉璧鋒潵澶╂柟澶滆礙錛屼絾騫墮潪緇濇棤鍙鑳姐傝瘯鎯籌紝鏈鏉ラ泤楂樻棤璁轟笌璋佹姳鍥錛岄兘灝嗘槸鏈澶х殑璧㈠垛斺斾笌涓囪豹鑱旀墜錛屽氨鏄閿︿笂娣昏姳錛涗互2019騫存暟鎹鏉ョ畻錛屼笌媧查檯寮哄己鑱旀墜涔嬪悗錛屽叾瀹㈡埧鎬繪暟灝嗚揪鍒160涓囬棿銆佹誨競鍊煎彲鑳戒細瓚呰繃170浜跨編鍏冿紝鑰屼笖鍙屾柟涔熷皢寮ヨˉ鍚勮嚜鍦ㄥ搧鐗屽竷灞涓婄殑鐭鏉匡紝鍙屾柟鐨勫叏鐞冨寲甯冨矓鑴氭ヨ繘涓姝ュ姞蹇銆傚郊鏃訛紝鏂扮殑鍏ㄧ悆閰掑簵鏍煎矓鍗沖皢鍒鏀瑰彉銆
闆呴珮鏈鏉ヤ細鏈夋洿澶氭儕鍠滃悧錛熸垜浠涓嶅Θ澶ц儐鎻ｆ祴涓涓嬨