��ˎ�I(y��)��֏S��ͣ�a(ch��n)��D �h(hu��n)��B��I(l��ng)PO�ɉm

��r�g��2013-11-27 06:18 ��Դ��Ї��W(w��ng) ��: ��ꖺ� ��x��1230

11��Ѯ��㽭�_�ݭh(hu��n)��ְl(f��)��?sh��)?��ˎ��ͣ�a(ch��n)��ι��棬��J�P(gu��n)IPO��㽭��ˎ�I(y��)��֏S�漰��헭h(hu��n)��}��ͣ�a(ch��n)��“�h(hu��n)��x܇”,��

��2011��״��ϕ��h(hu��n)�uͻ��ľ��ˎ�I(y��)��f,��h(hu��n)��}�ɞ��^��ϵ�“�_Ħ��˹֮��”��

��_�Y��@ʾ,��ˎ�I(y��)��Ҫ��»��Wԭ��ˎ��t(y��)ˎ��g�w��аl(f��),��a(ch��n)�c�N�ۣ�Ŀǰ�а��R��ƽϵ��,��ǰ��g��व��ڃ�(n��i)�Ķ��ԭ��ˎ��ͨ�^�W��COS��FDA�J�C,��

2011�꣬��ˎ�I(y��)IPO�׶��ϕ�,��Ӌ��ļ��Y��s5.3�|,��MͶ��“��a(ch��n)250��ͪ��,��20��}��͡,��10��N0701��5��_��,��5��ϼ��Ŀ”��“��a(ch��n)100��}��Ͷ�Y�Ŀ”�ɂ��Ŀ,��C�O(ji��n)��Q��

�¸�һ��,��ˎ�I(y��)��Λ_��IPO,��(j��)�C�O(ji��n)��װl(f��)��I(y��)��r�@ʾ��㽭��ˎ�I(y��)�M��ꑜ��,��]�C��(g��u)��Cȯ,��Ŀǰ��B(t��i)��“�䌍��Ҋ��”��

��꠵Ⱥ�IPO�ľ��ˎ�I(y��)�ٶ��h(hu��n)��韩,��˴��_��7��ˎ��ͣ�a(ch��n)��,��ˎ�I(y��)��IPO�_��M��ٶ��[�n��

��ˎ�I(y��)��֏S��ͣ�a(ch��n)��D

11��13��,��㽭�_��Эh(hu��n)��,��^(q��)��(li��n)�ϰl(f��)��P(gu��n)�ڌ��ˎ�I(y��)��߼��I(y��)��Ŀȫ�挍ʩͣ�a(ch��n)��εĺ��Ҫ�󽷽��ɳ�r�^��^(q��)��ˎ�I(y��)��7��I(y��)��Ŀ��11��15��֮ǰ��ʩȫ��ͣ�a(ch��n)��,��δ��P(gu��n)��΃�(n��i)�ݲ�ͨ�^�h(hu��n)��T�M��֮ǰ,��û֏��a(ch��n)��

��(j��)�l(f��)��Ҫ��,��ˎ�I(y��),��ˎ�I(y��)(��֏S)��7��t(y��)��I(y��)��Ҫ��޶��ރ�(n��i)ͣ�a(ch��n)��,��΃�(n��i)�ݰ��Uˮ̎��O(sh��)ʩ��,��܇�g��ĩ�ˏU��̎��b�ý��O(sh��)�ȡ��,��ˎ�I(y��)��֏S�漰4�,��

�_��Эh(hu��n)��ֱ�ʾ��“��δ��(zh��)��ͣ�a(ch��n)��δ�ʩ,��(j��)��P(gu��n)��ɷ�Ҏ(gu��)��ȡ��P��,��̎�P��ʩ��”

��,��ˎ�ИI(y��)�Ǉ��M�л��W��,��ŷűO(ji��n)�ܵ��c�ИI(y��)֮һ��ԭ��ˎ��I(y��),��v��^��ص��ۆ��},��(j��)�y(t��ng)Ӌ��ˎ��I(y��)ռȫ��I(y��)��a(ch��n)ֵ��1.7%,��ˮ�ŷ��sռ��2%,��У��ԭ��ˎ��a(ch��n)��Ⱦ��}��,��

�M��ĿǰIPO�Ĵ��Ȼ�]��_��,��һλ�Ј��ʿ��Q��ˎ�I(y��)ͣ�a(ch��n)��ۆ��},��Ȼ��IPO��a(ch��n)��Ӱ�,��һ��֏Sͣ�a(ch��n)��D,��ݱؕ�Ӱ��˾�ĘI(y��)��F(xi��n),��ˎ�I(y��)Ҳ��ò�Ͷ��Y��ȥ��ϵ�y(t��ng),��@��ڱ��Y��;o��ľ��ˎ�I(y��)��f�o��һ��ش��,��

��⣬�h(hu��n)��}�ѽ�(j��ng)�Ǿ��ˎ�I(y��)��B��,��˴��IPO�P(gu��n)�I�r��ٶȳ��F(xi��n)�@�ӵ��ش��},��ݱؕ��˾��a(ch��n)��ܴ�Ӱ푣��⌦��˾��Ҳ��˺ܴ��ۿ�,��

��܉��,��M�̺͹�ֵ��ܵ�Ӱ푡�

�h(hu��n)��Ͷ��

׷�ݾ��ˎ�I(y��)�ϴ��,��ϕ��ԭ��mȻ��ֹĿǰҲ�]��_��,��Ј��ձ��J�鵜��h(hu��n)��ǰҹ�ĭh(hu��n)�u�H��E��|(zh��)��,��

2010��4��30��,��ˎ�I(y��)��Эh(hu��n)��˲��r��㽭�h(hu��n)��d�W(w��ng)վ�Ϲ�ʾ,��ʾ�r�g��4��30��5��9�գ�Ȼ��ֱ��3��º�,��㽭ʡ�h(hu��n)��d�Űl(f��)��ˎ�ĭh(hu��n)��˲��,��(j��)��(n��i)��֪��ʿ͸¶��ˎ�I(y��)λ��_��н��^(q��)��ɳ·99̖�Įa(ch��n)Ʒ�Y(ji��)��(g��u)�{(di��o)��Ŀ“��ͬ�r”��,��㽭ʡ�h(hu��n)��d��δͬ��,��

ֱ��2010��10�£��㽭ʡ�h(hu��n)��o�d�ų��ߡ��P(gu��n)��㽭��ˎ�I(y��)�ɷ��޹�˾��Эh(hu��n)��˲��r��a��Ҋ��ˎ��a(ch��n)�^��Ҫ��Ⱦ��ŷŻ��_��ҵ��ŷ�Ҫ��,��

��,��¶�ĭh(hu��n)��}��Ҫԭ��Ǿ��ˎ�I(y��)�h(hu��n)��Ͷ�벻��,��(j��)��2011��¶��йɕ��@ʾ,��2008-2010��3��g��ˎ�I(y��)��h(hu��n)��O(sh��)��Ͷ��H1519.41�fԪ,��

��h(hu��n)��Ͷ�벻��Ǿ��Y��,��2008��2010�꣬��ˎ�I(y��)��ӱ��ʷքe��0.85,��0.91,��0.97,��Y�a(ch��n)ؓ��L�ڳ��^60%,��I�\�Y��Ҳ��ؓ��(sh��)��քe��-6010�f,��-3435�f,��-1336�f��

��ȫ��Ŀ��R��ƽԭ��ˎ��g�w,��ͪ��ԭ��ˎ��g�w��a(ch��n)�S��,��R�ء��,��ǰ��g��़��c�}��ԭ��ˎ�N��ȫ��Ј��ͳ��Ј��̎��I(l��ng)�ȵ�λ,��ˎ�I(y��)�h(hu��n)��Ͷ��c��ԭ��ˎ�ИI(y��)��λ��h��

һλ�I(y��)��(n��i)��ұ�ʾ,��ڻ��Wԭ��ˎ�a(ch��n)Ʒ��a(ch��n)��c��L,��s��a(ch��n)��,��Uˮ��Ⱦ��M�ַ��s,��y��|(zh��)�࣬�@Щ�Uˮ��y�ȴ��̎��ɱ��߰�,��ȱ��Ͷ��,��ܶ�ˎ��I(y��)�y��Ԡ��h(hu��n)��Qȡ��l(f��)չ�ĴַŰl(f��)չ��Ȧ,��

��ͬ�rָ��ڽ�ʮ��l(f��)չ��I��I(y��),��ʼ�Y��,��h(hu��n)��R��ձ��ڣ�һЩ��С��,��(chu��ng)�I(y��)��M��I(y��)��o��ڻ��ǰϦ��ͻ��a��,��IPO��I(y��)�У��h(hu��n)�u��F(xi��n)��}��ٔ�(sh��),��ˎ�I(y��)��ȡ��Ӗ,��

����D(zhu��n)�d��ǳ��ڂ��f��Ϣ֮Ŀ�ġ��Ё�Դ��ע�e�`��ַ��ĺϷ��(qu��n)��,��Ո��߳֙�(qu��n)��C��c��W(w��ng)(li��n)ϵ,��҂��r��h��,��x�x,��