{"id":2197,"date":"2025-11-04T09:11:02","date_gmt":"2025-11-04T01:11:02","guid":{"rendered":"https:\/\/www.anxinlirong.com\/?p=2197"},"modified":"2025-11-04T15:15:34","modified_gmt":"2025-11-04T07:15:34","slug":"%e7%a7%81%e5%8b%9f%e8%82%a1%e6%9d%83%e5%9f%ba%e9%87%91%e8%bf%90%e8%90%a5%e8%b4%b9%e7%94%a8%e4%b8%8e%e9%9d%9e%e9%a1%b9%e7%9b%ae%e6%94%b6%e7%9b%8a%e7%9a%84%e7%b2%be%e7%bb%86%e5%8c%96%e6%a0%b8%e7%ae%97","status":"publish","type":"post","link":"https:\/\/www.anxinlirong.com\/?p=2197","title":{"rendered":"\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8fd0\u8425\u8d39\u7528\u4e0e\u975e\u9879\u76ee\u6536\u76ca\u7684\u7cbe\u7ec6\u5316\u6838\u7b97"},"content":{"rendered":"

\u672c\u6587\u6765\u6e90\uff1a<\/span>\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8fd0\u8425\u8d39\u7528\u4e0e\u975e\u9879\u76ee\u6536\u76ca\u7684\u7cbe\u7ec6\u5316\u6838\u7b97<\/a><\/p>\n

\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u5728\u8fd0\u8425\u8fc7\u7a0b\u4e2d\uff0c\u9664\u4e86\u76f4\u63a5\u6295\u8d44\u9879\u76ee\u5916\uff0c\u8fd8\u4f1a\u4ea7\u751f\u5404\u79cd\u8fd0\u8425\u8d39\u7528\uff0c\u5e76\u53ef\u80fd\u83b7\u5f97\u4e0e\u6295\u8d44\u9879\u76ee\u65e0\u76f4\u63a5\u5173\u7cfb\u7684\u6536\u76ca\uff08\u7b80\u79f0\u201c\u975e\u9879\u76ee\u6536\u76ca\u201d\uff09\u3002\u8fd9\u4e9b\u8d39\u7528\u548c\u6536\u76ca\u9700\u8981\u5728\u57fa\u91d1\u5404\u51fa\u8d44\u4eba\u4e4b\u95f4\u8fdb\u884c\u5408\u7406\u5206\u644a\u548c\u5206\u914d\u3002<\/span><\/section>\n

\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8fd0\u8425\u8d39\u7528\u548c\u975e\u9879\u76ee\u6295\u8d44\u6536\u76ca\u7684\u6838\u7b97\u5df2\u4e0d\u518d\u662f\u7b80\u5355\u7684\u603b\u989d\u5206\u644a\uff0c\u800c\u662f\u9700\u8981\u9488\u5bf9\u6bcf\u4e2aLP\u7684\u5177\u4f53\u60c5\u51b5\u9010\u7b14\u62c6\u5206<\/strong>\u3002\u8fd9\u4e00\u8fc7\u7a0b\u6d89\u53ca\u590d\u6742\u7684\u5408\u540c\u89c4\u5219\u3001\u5927\u91cf\u7684\u6570\u636e\u8ba1\u7b97\u548c\u4e25\u683c\u7684\u5408\u89c4\u8981\u6c42\uff0c\u4f20\u7edf\u4eba\u5de5\u6216\u7b80\u5355\u8d22\u52a1\u8f6f\u4ef6\u5df2\u96be\u4ee5\u80dc\u4efb\u3002\u672c\u6587\u5c06\u63a2\u8ba8\u5982\u4f55\u901a\u8fc7\u7cbe\u7ec6\u5316\u7684\u6838\u7b97\u673a\u5236\u6765\u5e94\u5bf9\u4e0a\u8ff0\u6311\u6218\u3002<\/p>\n

1. \u95ee\u9898\u80cc\u666f\u4e0e\u6311\u6218<\/span><\/h2>\n

\u7136\u800c\uff0c\u7531\u4e8e\u57fa\u91d1\u6295\u8d44\u7b56\u7565\u548c\u5408\u540c\u6761\u6b3e\u65e5\u8d8b\u590d\u6742\uff0c\u7cbe\u7ec6\u5316\u6838\u7b97\u9762\u4e34\u8bf8\u591a\u6311\u6218\uff1a<\/p>\n

    \n
  • \u6295\u8d44\u6392\u9664\u4e0e\u4e2a\u6027\u5316\u6295\u8d44\u5355\u5143<\/strong><\/span><\/li>\n<\/ul>\n
    \u5982\u4eca\u6709\u9650\u5408\u4f19\u4eba\u5f80\u5f80\u8981\u6c42\u5bf9\u7279\u5b9a\u6295\u8d44\u9879\u76ee\u5177\u6709\u9009\u62e9\u9000\u51fa\u6743\uff08opt-out\uff09\uff0c\u5373\u67d0\u4e9bLP\u53ef\u4ee5\u9009\u62e9\u4e0d\u53c2\u4e0e\u57fa\u91d1\u7684\u67d0\u7b14\u6295\u8d44 \u3002\u8fd9\u610f\u5473\u7740\u57fa\u91d1\u53ef\u80fd\u4e3a\u4e0d\u540cLP\u8bbe\u7acb\u201c\u6295\u8d44\u5355\u5143\u201d\u6216\u5b50\u8d26\u6237\uff0c\u4ee5\u8bb0\u5f55\u4ed6\u4eec\u5404\u81ea\u7684\u6295\u8d44\u7ec4\u5408\u3002\u5982\u679c\u67d0LP\u672a\u53c2\u4e0e\u67d0\u9879\u76ee\u6295\u8d44\uff0c\u90a3\u4e48\u56f4\u7ed5\u8be5\u9879\u76ee\u4ea7\u751f\u7684\u8d39\u7528\uff08\u5982\u5c3d\u804c\u8c03\u67e5\u8d39\u3001\u4ea4\u6613\u4f63\u91d1\u7b49\uff09\u901a\u5e38\u4e5f\u4e0d\u5e94\u7531\u5176\u627f\u62c5\u3002<\/section>\n
    \u6b64\u5916\uff0c\u4e00\u4e9b\u5927\u578bLP\u8fd8\u53ef\u80fd\u901a\u8fc7\u4fa7\u888b\uff08side-pocket\uff09\u6216\u72ec\u7acb\u8d26\u6237\u7684\u5f62\u5f0f\u6295\u8d44\uff0c\u5f62\u6210\u4e2a\u6027\u5316\u7684\u6295\u8d44\u7ec4\u5408\u3002\u8fd9\u4e9b\u5b89\u6392\u4f7f\u5f97\u6bcf\u7b14\u8d39\u7528\u548c\u6536\u76ca\u90fd\u9700\u8981\u6839\u636eLP\u7684\u5b9e\u9645\u53c2\u4e0e\u60c5\u51b5\u8fdb\u884c\u62c6\u5206\uff0c\u800c\u4e0d\u80fd\u7b80\u5355\u5e73\u5747\u5206\u644a\u3002<\/section>\n
      \n
    • LP\u8d39\u7528\u4e0a\u9650\uff08Cap\uff09\u6761\u6b3e<\/strong><\/span><\/li>\n<\/ul>\n
      \u4e3a\u4e86\u4fdd\u62a4\u6295\u8d44\u8005\u5229\u76ca\uff0c\u8bb8\u591a\u57fa\u91d1\u5408\u540c\u4f1a\u7ea6\u5b9a\u5355\u4e2aLP\u627f\u62c5\u7684\u8fd0\u8425\u8d39\u7528\u4e0a\u9650\u3002\u4f8b\u5982\uff0c\u67d0LP\u7684\u6709\u9650\u5408\u4f19\u534f\u8bae\uff08LPA\uff09\u53ef\u80fd\u89c4\u5b9a\u8be5LP\u6bcf\u5e74\u627f\u62c5\u7684\u57fa\u91d1\u8fd0\u8425\u8d39\u7528\u4e0d\u8d85\u8fc7\u5176\u627f\u8bfa\u51fa\u8d44\u989d\u7684\u4e00\u5b9a\u6bd4\u4f8b\uff0c\u8d85\u51fa\u90e8\u5206\u7531\u666e\u901a\u5408\u4f19\u4eba\uff08GP\uff09\u627f\u62c5\u6216\u5728\u5168\u4f53LP\u95f4\u53e6\u884c\u5206\u644a\u3002<\/section>\n
      \u8fd9\u79cd\u8d39\u7528\u4e0a\u9650\u673a\u5236\u8981\u6c42\u5bf9\u6bcf\u4e2aLP\u7684\u8d39\u7528\u8d1f\u62c5\u8fdb\u884c\u5355\u72ec\u76d1\u63a7\uff0c\u4e00\u65e6\u63a5\u8fd1\u4e0a\u9650\u4fbf\u9700\u8c03\u6574\u540e\u7eed\u8d39\u7528\u7684\u5206\u644a\u65b9\u5f0f\u3002\u8fd9\u8fdb\u4e00\u6b65\u589e\u52a0\u4e86\u8d39\u7528\u6838\u7b97\u7684\u590d\u6742\u6027\uff0c\u56e0\u4e3a\u4e0d\u540cLP\u5b9e\u9645\u627f\u62c5\u7684\u8d39\u7528\u6bd4\u4f8b\u53ef\u80fd\u5404\u4e0d\u76f8\u540c\u3002<\/section>\n
        \n
      • \u590d\u6742\u7684\u6536\u76ca\u5206\u914d\u4e0e\u9644\u5e26\u6743\u76ca<\/strong><\/span><\/li>\n<\/ul>\n
        \u79c1\u52df\u80a1\u6743\u57fa\u91d1\u901a\u5e38\u91c7\u7528\u201c\u7011\u5e03\u5f0f\u201d\u6536\u76ca\u5206\u914d\u673a\u5236\uff08waterfall\uff09\uff0c\u5728\u5411LP\u8fd4\u8fd8\u672c\u91d1\u5e76\u652f\u4ed8\u4f18\u5148\u56de\u62a5\uff08hurdle\uff09\u540e\uff0cGP\u624d\u80fd\u6309\u7ea6\u5b9a\u6bd4\u4f8b\uff08\u901a\u5e3820%\uff09\u63d0\u53d6\u9644\u5e26\u6743\u76ca\uff08carried interest\uff09 \u3002<\/section>\n
        \u5728\u5206\u914d\u8fc7\u7a0b\u4e2d\uff0c\u4e0d\u4ec5\u8981\u8003\u8651\u5404LP\u7684\u51fa\u8d44\u548c\u6536\u76ca\uff0c\u8fd8\u9700\u5904\u7406\u8bf8\u5982\u6536\u76ca\u5206\u914d\u7684\u56de\u62e8<\/strong>\uff08clawback\uff0c\u5373GP\u5728\u540e\u7eed\u4e8f\u635f\u65f6\u9700\u8fd4\u8fd8\u6b64\u524d\u63d0\u53d6\u7684\u8d85\u989d\u6536\u76ca\uff09\u7b49\u60c5\u51b5\u3002\u540c\u65f6\uff0c\u975e\u9879\u76ee\u6295\u8d44\u6536\u76ca\uff08\u4f8b\u5982\u57fa\u91d1\u95f2\u7f6e\u8d44\u91d1\u7684\u5229\u606f\u6536\u5165\u3001\u9000\u51fa\u9879\u76ee\u7684\u672a\u5206\u914d\u6b3e\u9879\u518d\u6295\u8d44\u6536\u76ca\u7b49\uff09\u4e5f\u9700\u7eb3\u5165\u5206\u914d\u8ba1\u7b97\u3002\u8fd9\u4e9b\u89c4\u5219\u5bfc\u81f4\u6bcf\u4e2aLP\u7684\u8d44\u672c\u8d26\u6237\u4f59\u989d\u4e0d\u4ec5\u53d6\u51b3\u4e8e\u5176\u76f4\u63a5\u6295\u8d44\u9879\u76ee\u7684\u76c8\u4e8f\uff0c\u8fd8\u53d7\u5230\u57fa\u91d1\u6574\u4f53\u8d39\u7528\u548c\u975e\u9879\u76ee\u6536\u76ca\u5206\u914d\u7684\u5f71\u54cd\uff0c\u9700\u8981\u9010\u7b14\u7cbe\u786e\u6838\u7b97\u3002<\/section>\n
          \n
        • \u591a\u6b21\u52df\u96c6\u4e0e\u8d44\u91d1\u8fdb\u51fa<\/strong><\/span><\/li>\n<\/ul>\n
          \u79c1\u52df\u80a1\u6743\u57fa\u91d1\u5f80\u5f80\u91c7\u53d6\u591a\u8f6e\u52df\u96c6<\/strong>\uff08multiple closes\uff09\u7684\u65b9\u5f0f\uff0c\u4e0d\u540c\u65f6\u95f4\u70b9\u52a0\u5165\u7684LP\u5728\u51fa\u8d44\u548c\u6536\u76ca\u5206\u914d\u4e0a\u5b58\u5728\u5dee\u5f02 \u3002\u6bcf\u5f53\u6709\u65b0\u7684\u6295\u8d44\u8005\u52a0\u5165\uff0c\u57fa\u91d1\u9700\u8981\u5bf9\u81ea\u6210\u7acb\u4ee5\u6765\u7684\u6240\u6709\u635f\u76ca\u3001\u51fa\u8d44\u548c\u5206\u914d\u6309\u65b0\u7684\u6743\u76ca\u6bd4\u4f8b\u8fdb\u884c\u91cd\u65b0\u5e73\u8861<\/strong>\uff08rebalance\uff09\u3002\u5982\u679c\u6ca1\u6709\u7cfb\u7edf\u652f\u6301\uff0c\u624b\u5de5\u91cd\u65b0\u8ba1\u7b97\u6bcf\u7b14\u5386\u53f2\u4ea4\u6613\u5bf9\u65b0\u8001LP\u7684\u5f71\u54cd\u5c06\u6781\u5176\u7e41\u7410\u4e14\u5bb9\u6613\u51fa\u9519 \u3002\u6b64\u5916\uff0cLP\u53ef\u80fd\u5728\u57fa\u91d1\u5b58\u7eed\u671f\u5185\u8f6c\u8ba9\u5176\u6743\u76ca\u6216\u63d0\u524d\u9000\u51fa\uff08\u5c3d\u7ba1\u6709\u9650\u5408\u4f19\u4efd\u989d\u6d41\u52a8\u6027\u5dee\uff0c\u4f46\u901a\u8fc7\u4e8c\u624b\u4efd\u989d\u4ea4\u6613\u6216GP\u4e3b\u5bfc\u7684\u91cd\u7ec4\u4e5f\u53ef\u80fd\u53d1\u751f\uff09\uff0c\u8fd9\u4e5f\u8981\u6c42\u5bf9\u76f8\u5173LP\u7684\u8d44\u672c\u8d26\u6237\u8fdb\u884c\u7ed3\u7b97\u548c\u8c03\u6574\u3002\u6240\u6709\u8fd9\u4e9b\u52a8\u6001\u53d8\u5316\u90fd\u5bf9\u8d39\u7528\u548c\u6536\u76ca\u7684\u62c6\u5206\u6838\u7b97\u63d0\u51fa\u4e86\u66f4\u9ad8\u8981\u6c42\u3002<\/section>\n
            \n
          • \u5408\u89c4\u4e0e\u900f\u660e\u5ea6\u8981\u6c42<\/strong><\/span><\/li>\n<\/ul>\n
            \u968f\u7740\u76d1\u7ba1\u8d8b\u4e25\u548cLP\u6210\u719f\u5ea6\u63d0\u9ad8\uff0c\u57fa\u91d1\u8fd0\u8425\u7684\u5408\u89c4\u6027\u548c\u900f\u660e\u5ea6\u65e5\u76ca\u91cd\u8981 \u3002\u76d1\u7ba1\u673a\u6784\uff08\u5982\u4e2d\u57fa\u534fAMAC\u3001\u7f8e\u56fdSEC\u3001\u6b27\u76dfAIFMD\u7b49\uff09\u8981\u6c42\u57fa\u91d1\u51c6\u786e\u8bb0\u5f55\u5e76\u62ab\u9732\u8d39\u7528\u6536\u53d6\u548c\u6536\u76ca\u5206\u914d\u60c5\u51b5\uff0c\u7981\u6b62\u4e0d\u5f53\u7684\u8d39\u7528\u8f6c\u5ac1\u6216\u6697\u7bb1\u64cd\u4f5c\u3002LP\u4e5f\u671f\u671b\u83b7\u5f97\u66f4\u8be6\u7ec6\u3001\u66f4\u9891\u7e41\u7684\u62a5\u544a<\/strong>\uff0c\u4e86\u89e3\u5176\u8d44\u672c\u8d26\u6237\u7684\u53d8\u52a8\u660e\u7ec6\u4ee5\u53ca\u8d39\u7528\u3001\u6536\u76ca\u5728\u5404\u9879\u76ee\u548c\u5404LP\u95f4\u7684\u5206\u914d \u3002\u4e3a\u4e86\u6ee1\u8db3\u8fd9\u4e9b\u8981\u6c42\uff0c\u57fa\u91d1\u5fc5\u987b\u5bf9\u6bcf\u7b14\u8d39\u7528\u548c\u6536\u76ca\u8fdb\u884c\u7cbe\u7ec6\u62c6\u5206\u548c\u8bb0\u5f55\uff0c\u4ee5\u5907\u5ba1\u8ba1\u548c\u67e5\u8be2\u3002<\/section>\n

            2. \u7cbe\u7ec6\u5316\u6838\u7b97\u673a\u5236<\/span><\/h2>\n

            \u4e3a\u4e86\u5b9e\u73b0\u8fd0\u8425\u8d39\u7528\u548c\u975e\u9879\u76ee\u6536\u76ca\u5728\u5404LP\u4e4b\u95f4\u7684\u516c\u5e73\u3001\u51c6\u786e\u5206\u644a\uff0c\u57fa\u91d1\u9700\u8981\u5efa\u7acb\u4e00\u5957\u7cbe\u7ec6\u5316\u7684\u6838\u7b97\u673a\u5236\u3002\u5176\u6838\u5fc3\u5728\u4e8e\u5c06\u6bcf\u4e00\u7b14\u8d39\u7528\u548c\u6536\u76ca\u6309\u89c4\u5219\u62c6\u5206\u5230\u6bcf\u4e2a\u51fa\u8d44\u4eba\uff0c\u5e76\u5b9e\u65f6\u6c47\u603b\u8ba1\u5165\u5404\u81ea\u7684\u8d44\u672c\u8d26\u6237\u4f59\u989d\uff0c<\/strong>\u8be6\u7ec6\u53c2\u89c1\u300a\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8d44\u672c\u8d26\u6237\u4f59\u989d:\u62c6\u5206\u6c47\u603b\u6cd5\u300b\u4e2d\u4ecb\u7ecd\u3002\u8fd9\u4e00\u673a\u5236\u4e3b\u8981\u5305\u62ec\u4ee5\u4e0b\u73af\u8282\uff1a<\/p>\n

            2.1 \u8d39\u7528\u4e0e\u6536\u76ca\u7684\u8bc6\u522b\u5206\u7c7b<\/strong><\/span><\/section>\n
            \u9996\u5148\uff0c\u57fa\u91d1\u8d22\u52a1\u4eba\u5458\u6216\u7cfb\u7edf\u5e94\u80fd\u591f\u8bc6\u522b\u6bcf\u7b14\u652f\u51fa\u6216\u6536\u5165\u7684\u6027\u8d28\u548c\u5f52\u5c5e\u3002\u4f8b\u5982\uff0c\u5c06\u8d39\u7528\u533a\u5206\u4e3a\u8fd0\u8425\u8d39\u7528<\/strong>\uff08\u5982\u57fa\u91d1\u7ba1\u7406\u8d39\u3001\u884c\u653f\u5f00\u652f\u3001\u5ba1\u8ba1\u5f8b\u5e08\u8d39\u7b49\uff09\u548c\u9879\u76ee\u76f8\u5173\u8d39\u7528<\/strong>\uff08\u5982\u67d0\u88ab\u6295\u4f01\u4e1a\u7684\u5c3d\u804c\u8c03\u67e5\u8d39\u3001\u4ea4\u6613\u4e2d\u4ecb\u8d39\u7b49\uff09\uff1b\u5c06\u975e\u9879\u76ee\u6536\u76ca\u533a\u5206\u4e3a\u5229\u606f\u6536\u5165<\/strong>\uff08\u94f6\u884c\u5b58\u6b3e\u5229\u606f\u3001\u503a\u6743\u6295\u8d44\u5229\u606f\u7b49\uff09\u3001\u80a1\u606f\/\u5206\u7ea2<\/strong>\uff08\u6295\u8d44\u7ec4\u5408\u516c\u53f8\u7684\u5206\u7ea2\uff0c\u4f46\u901a\u5e38\u8fd9\u7c7b\u5c5e\u4e8e\u9879\u76ee\u6536\u76ca\uff09\u3001\u5904\u7f6e\u6536\u76ca<\/strong>\uff08\u5982\u51fa\u552e\u975e\u4e3b\u8981\u6295\u8d44\u7684\u8d44\u4ea7\u6240\u5f97\uff09\u7b49\u3002\u901a\u8fc7\u5206\u7c7b\uff0c\u53ef\u4ee5\u786e\u5b9a\u54ea\u4e9b\u8d39\u7528\u6216\u6536\u76ca\u9700\u8981\u5728\u5168\u4f53LP\u95f4\u5206\u644a\uff0c\u54ea\u4e9b\u4ec5\u7531\u53c2\u4e0e\u7279\u5b9a\u9879\u76ee\u6216\u8d26\u6237\u7684LP\u627f\u62c5\u3002<\/section>\n
            2.2 \u6309LP\u62c6\u5206\u7684\u89c4\u5219\u8bbe\u5b9a<\/strong><\/span><\/section>\n
            \u9488\u5bf9\u6bcf\u7c7b\u8d39\u7528\u548c\u6536\u76ca\uff0c\u9700\u8981\u6839\u636e\u57fa\u91d1\u5408\u540c\u548c\u884c\u4e1a\u60ef\u4f8b\u5236\u5b9a\u62c6\u5206\u89c4\u5219\uff0c\u5e76\u5728\u7cfb\u7edf\u4e2d\u4e88\u4ee5\u914d\u7f6e\u3002\u4f8b\u5982\uff1a<\/section>\n
              \n
            • \u7ba1\u7406\u8d39\u548c\u65e5\u5e38\u8fd0\u8425\u8d39<\/em>
              \n
              \u901a\u5e38\u6309\u5404LP\u7684\u627f\u8bfa\u51fa\u8d44\u989d<\/strong>\u6216\u5b9e\u7f34\u51fa\u8d44\u989d<\/strong>\u6bd4\u4f8b\u5206\u644a\u3002\u5728\u57fa\u91d1\u6295\u8d44\u671f\u5185\uff0c\u7ba1\u7406\u8d39\u591a\u4ee5\u627f\u8bfa\u8d44\u672c\u4e3a\u57fa\u6570\u8ba1\u7b97\uff0c\u800c\u5728\u540e\u7eed\u671f\u53ef\u80fd\u9010\u6b65\u8f6c\u4e3a\u4ee5\u5df2\u6295\u91d1\u989d\u6216\u5269\u4f59\u6210\u672c\u4e3a\u57fa\u6570 \u3002\u8fd9\u4e9b\u8ba1\u7b97\u89c4\u5219\u4f1a\u5728LPA\u4e2d\u660e\u786e\uff0c\u7cfb\u7edf\u9700\u6309\u7167\u65e2\u5b9a\u516c\u5f0f\u6bcf\u6708\u6216\u6bcf\u5b63\u5ea6\u4e3a\u6bcf\u4e2aLP\u8ba1\u7b97\u5e94\u627f\u62c5\u7684\u7ba1\u7406\u8d39\u4efd\u989d\uff0c\u5e76\u8bb0\u5f55\u4e3a\u5176\u8d44\u672c\u8d26\u6237\u7684\u501f\u65b9\uff08\u8d39\u7528\uff09\u3002<\/section>\n<\/li>\n<\/ul>\n
                \n
              • \u9879\u76ee\u5c3d\u804c\u8c03\u67e5\u53ca\u4ea4\u6613\u8d39\u7528<\/em>
                \n
                \u5982\u679c\u67d0\u9879\u76ee\u7684\u5c3d\u804c\u8c03\u67e5\u8d39\u7528\u7531\u57fa\u91d1\u627f\u62c5\uff0c\u901a\u5e38\u4ec5\u7531\u53c2\u4e0e\u8be5\u9879\u76ee\u6295\u8d44\u7684LP<\/strong>\u6309\u5176\u6295\u8d44\u6bd4\u4f8b\u5206\u62c5\u3002\u82e5\u6709LP\u9009\u62e9\u4e0d\u6295\u8d44\u8be5\u9879\u76ee\uff08opt-out\uff09\uff0c\u5219\u53ef\u514d\u9664\u76f8\u5e94\u8d39\u7528\u3002\u7cfb\u7edf\u9700\u8981\u8ddf\u8e2a\u6bcf\u7b14\u9879\u76ee\u6295\u8d44\u7684\u53c2\u4e0eLP\u540d\u5355\uff0c\u5e76\u5728\u53d1\u751f\u76f8\u5173\u8d39\u7528\u65f6\uff0c\u53ea\u5c06\u8d39\u7528\u5206\u914d\u7ed9\u8fd9\u4e9bLP\u7684\u8d44\u672c\u8d26\u6237\u3002\u5bf9\u4e8e\u672a\u53c2\u4e0e\u7684LP\uff0c\u5176\u8d44\u672c\u8d26\u6237\u4e0d\u53d7\u8be5\u8d39\u7528\u5f71\u54cd\u3002<\/section>\n<\/li>\n<\/ul>\n
                  \n
                • \u4e1a\u7ee9\u62a5\u916c\uff08\u9644\u5e26\u6743\u76ca\uff09<\/em>
                  \n
                  \u9644\u5e26\u6743\u76ca\u7684\u8ba1\u7b97\u57fa\u4e8e\u57fa\u91d1\u6574\u4f53\u6216\u5355\u4e2a\u9879\u76ee\u7684\u6536\u76ca\uff0c\u6309\u7167\u7011\u5e03\u5206\u914d\u987a\u5e8f\u6267\u884c \u3002\u7cfb\u7edf\u9700\u7ef4\u62a4\u6bcf\u4e2aLP\u7684\u5df2\u5206\u914d\u6536\u76ca<\/strong>\u3001\u4f18\u5148\u56de\u62a5\u4f59\u989d<\/strong>\u7b49\u4fe1\u606f\uff0c\u5728\u6bcf\u6b21\u6709\u6295\u8d44\u53d8\u73b0\u6536\u76ca\u65f6\uff0c\u6309\u7ea6\u5b9a\u987a\u5e8f\u5148\u8fd4\u8fd8LP\u672c\u91d1\u548c\u4f18\u5148\u6536\u76ca\uff0c\u518d\u8ba1\u7b97GP\u5e94\u5f97\u7684carry\u3002\u8fd9\u4e00\u8fc7\u7a0b\u6d89\u53ca\u590d\u6742\u7684\u903b\u8f91\u5224\u65ad\u548c\u7d2f\u8ba1\u8ba1\u7b97\uff0c\u9700\u8981\u7cfb\u7edf\u6839\u636eLPA\u6761\u6b3e\u81ea\u52a8\u6267\u884c\uff0c\u4ee5\u786e\u4fdd\u5206\u914d\u7b26\u5408\u5408\u540c\u4e14\u5404LP\u95f4\u516c\u5e73\u3002<\/section>\n<\/li>\n<\/ul>\n
                    \n
                  • \u975e\u9879\u76ee\u6295\u8d44\u6536\u76ca<\/em>
                    \n
                    \u5982\u57fa\u91d1\u7684\u94f6\u884c\u5b58\u6b3e\u5229\u606f\u3001\u77ed\u671f\u7406\u8d22\u6536\u76ca\u7b49\uff0c\u901a\u5e38\u5c5e\u4e8e\u5168\u4f53LP\u7684\u5171\u540c\u6536\u76ca\uff0c\u53ef\u6309\u5404\u81ea\u7684\u8d44\u672c\u8d26\u6237\u4f59\u989d\u6216\u51fa\u8d44\u6bd4\u4f8b\u5206\u914d\u3002\u7cfb\u7edf\u5728\u53d6\u5f97\u8fd9\u7c7b\u6536\u5165\u65f6\uff0c\u4f1a\u5c06\u5176\u8ba1\u5165\u57fa\u91d1\u6536\u5165\uff0c\u5e76\u6309\u89c4\u5219\u8d37\u8bb0\u6bcf\u4e2aLP\u7684\u8d44\u672c\u8d26\u6237\u3002\u5982\u679c\u67d0\u4e9bLP\u7684\u8d44\u91d1\u5c1a\u672a\u5230\u4f4d\uff08\u672a\u5b9e\u7f34\uff09\uff0c\u5219\u53ef\u80fd\u4e0d\u53c2\u4e0e\u5206\u914d\u5229\u606f\u6536\u76ca\uff0c\u6216\u6309\u5b9e\u7f34\u6bd4\u4f8b\u5206\u914d\uff0c\u8fd9\u4e5f\u9700\u5728\u7cfb\u7edf\u53c2\u6570\u4e2d\u8bbe\u5b9a\u3002<\/section>\n<\/li>\n<\/ul>\n
                      \n
                    • \u8d39\u7528\u4e0a\u9650\u5904\u7406<\/em>
                      \n
                      \u9488\u5bf9\u8bbe\u6709\u8d39\u7528\u4e0a\u9650\u7684LP\uff0c\u7cfb\u7edf\u9700\u4e3a\u5176\u5355\u72ec\u76d1\u63a7\u8d39\u7528\u7d2f\u8ba1\u53d1\u751f\u989d\u3002\u4f8b\u5982\uff0c\u67d0LP\u627f\u8bfa\u51fa\u8d441\u4ebf\u5143\uff0c\u7ea6\u5b9a\u6bcf\u5e74\u627f\u62c5\u8d39\u7528\u4e0d\u8d85\u8fc71%\u5373100\u4e07\u5143\u3002\u7cfb\u7edf\u5728\u6bcf\u6b21\u5206\u644a\u8d39\u7528\u65f6\uff0c\u4f1a\u68c0\u67e5\u8be5LP\u5df2\u627f\u62c5\u8d39\u7528\u662f\u5426\u63a5\u8fd1\u4e0a\u9650\u3002\u4e00\u65e6\u8fbe\u5230\u4e0a\u9650\uff0c\u540e\u7eed\u53d1\u751f\u7684\u5e94\u7531\u8be5LP\u5206\u644a\u7684\u8d39\u7528\u53ef\u81ea\u52a8\u8c03\u6574\u5904\u7406\u65b9\u5f0f\uff0c\u4f8b\u5982\u8d85\u51fa\u90e8\u5206\u6539\u7531GP\u627f\u62c5<\/strong>\u6216\u5728\u5176\u4ed6LP\u95f4\u6309\u6bd4\u4f8b\u989d\u5916\u5206\u644a<\/strong>\u3002\u8fd9\u79cd\u8c03\u6574\u4e5f\u9700\u8981\u8bb0\u5f55\u5728\u6848\uff0c\u4ee5\u786e\u4fdd\u6700\u7ec8\u7ed3\u7b97\u65f6GP\u6216\u5176\u4ed6LP\u7684\u6743\u76ca\u5f97\u5230\u76f8\u5e94\u8865\u507f\u3002<\/section>\n<\/li>\n<\/ul>\n
                      2.3 \u8d44\u672c\u8d26\u6237\u7684\u7ef4\u62a4\u4e0e\u66f4\u65b0<\/strong><\/span><\/section>\n
                      \u6bcf\u4e2aLP\u7684\u8d44\u672c\u8d26\u6237<\/strong>\uff08Capital Account\uff09\u662f\u8bb0\u5f55\u5176\u5728\u57fa\u91d1\u4e2d\u6743\u76ca\u53d8\u52a8\u7684\u6838\u5fc3\u5de5\u5177\u3002\u8d44\u672c\u8d26\u6237\u501f\u65b9\u8bb0\u5f55LP\u7684\u5b9e\u7f34\u51fa\u8d44\u548c\u5e94\u627f\u62c5\u7684\u8d39\u7528\u3001\u4e8f\u635f\uff0c\u8d37\u65b9\u8bb0\u5f55LP\u83b7\u5f97\u7684\u5206\u914d\u6b3e\u9879\u548c\u5e94\u4eab\u6709\u7684\u6536\u76ca\u3002\u901a\u8fc7\u7cbe\u7ec6\u5316\u6838\u7b97\uff0c\u6bcf\u7b14\u8d39\u7528\u6216\u6536\u76ca\u62c6\u5206\u540e\uff0c\u90fd\u4f1a\u5373\u65f6\u8fc7\u8d26\u5230\u5bf9\u5e94LP\u7684\u8d44\u672c\u8d26\u6237\u4e2d\uff0c\u66f4\u65b0\u5176\u4f59\u989d\u3002<\/section>\n
                      \u4f8b\u5982\uff0c\u5f53\u53d1\u751f\u4e00\u7b14\u5ba1\u8ba1\u8d3910\u4e07\u5143\u5e76\u51b3\u5b9a\u7531\u5168\u4f53LP\u6309\u5b9e\u7f34\u6bd4\u4f8b\u5206\u644a\u65f6\uff0c\u7cfb\u7edf\u4f1a\u6309\u7167\u5404LP\u7684\u5b9e\u7f34\u51fa\u8d44\u6bd4\u4f8b\u8ba1\u7b97\u51fa\u5404\u81ea\u5e94\u627f\u62c5\u7684\u91d1\u989d\uff08\u5047\u8bbeLP A\u5b9e\u7f34\u5360\u6bd420%\uff0c\u5219\u5206\u644a2\u4e07\u5143\uff09\uff0c\u5e76\u5728LP A\u7684\u8d44\u672c\u8d26\u6237\u501f\u65b9\u589e\u52a02\u4e07\u5143\uff0c\u540c\u65f6\u5728\u57fa\u91d1\u603b\u8d26\u4e2d\u8bb0\u5f55\u8d39\u7528\u53d1\u751f\u3002<\/section>\n
                      \u53c8\u5982\uff0c\u57fa\u91d1\u6536\u5230\u94f6\u884c\u5229\u606f5\u4e07\u5143\uff0c\u7cfb\u7edf\u5c06\u5176\u6309\u5404LP\u5f53\u524d\u8d26\u6237\u4f59\u989d\u6bd4\u4f8b\u5206\u914d\uff0cLP A\u53ef\u80fd\u56e0\u6b64\u8d37\u65b9\u589e\u52a05000\u5143\uff0c\u8868\u793a\u5176\u8d44\u672c\u8d26\u6237\u6743\u76ca\u589e\u52a0\u3002<\/section>\n
                      \u901a\u8fc7\u8fd9\u79cd\u9010\u7b14\u62c6\u5206\u8bb0\u8d26\uff0c\u6bcf\u4e2aLP\u7684\u8d44\u672c\u8d26\u6237\u4f59\u989d\u80fd\u591f\u5b9e\u65f6\u53cd\u6620\u5176\u5728\u57fa\u91d1\u4e2d\u7684\u51c0\u8d44\u4ea7\u72b6\u51b5\uff0c\u5305\u62ec\u5df2\u6295\u5165\u7684\u8d44\u672c\u3001\u5e94\u627f\u62c5\u7684\u8d39\u7528\u3001\u5df2\u83b7\u5f97\u7684\u5206\u914d\u4ee5\u53ca\u5e94\u4eab\u6709\u7684\u672a\u5b9e\u73b0\u6536\u76ca\u7b49\u3002<\/section>\n
                      2.4 \u5bf9\u8d26\u4e0e\u62a5\u544a<\/strong><\/span><\/section>\n
                      \u7cbe\u7ec6\u5316\u6838\u7b97\u673a\u5236\u8fd8\u5305\u62ec\u5b9a\u671f\u5bf9\u8d26\u548c\u62a5\u544a\u529f\u80fd\uff0c\u4ee5\u786e\u4fdd\u6570\u636e\u51c6\u786e\u65e0\u8bef\u5e76\u6ee1\u8db3\u5404\u65b9\u9700\u6c42\u3002\u57fa\u91d1\u4f1a\u8ba1\u6216\u7cfb\u7edf\u5e94\u5b9a\u671f\u6838\u5bf9\u5404LP\u8d44\u672c\u8d26\u6237\u7684\u501f\u8d37\u53d1\u751f\u989d\u4e0e\u539f\u59cb\u51ed\u8bc1\uff08\u5982\u8d39\u7528\u53d1\u7968\u3001\u94f6\u884c\u56de\u5355\u7b49\uff09\u662f\u5426\u4e00\u81f4\uff0c\u68c0\u67e5\u8d39\u7528\u5206\u644a\u89c4\u5219\u7684\u5e94\u7528\u662f\u5426\u6b63\u786e\u3002\u540c\u65f6\uff0c\u7cfb\u7edf\u53ef\u4ee5\u6309\u7167\u8bbe\u5b9a\u9891\u7387\u81ea\u52a8\u751f\u6210\u6295\u8d44\u8005\u62a5\u544a<\/strong>\uff0c\u8be6\u7ec6\u5217\u660e\u6bcf\u4e2aLP\u5728\u8be5\u62a5\u544a\u671f\u5185\u7684\u8d44\u672c\u53d8\u52a8\u60c5\u51b5\uff1a\u5305\u62ec\u671f\u521d\u4f59\u989d\u3001\u672c\u671f\u5b9e\u7f34\u51fa\u8d44\u3001\u672c\u671f\u5e94\u627f\u62c5\u8d39\u7528\u3001\u672c\u671f\u83b7\u5f97\u7684\u6536\u76ca\u5206\u914d\u3001\u671f\u672b\u4f59\u989d\u7b49\u3002\u8fd9\u4e9b\u62a5\u544a\u4f7fLP\u6e05\u695a\u4e86\u89e3\u5176\u6295\u8d44\u6210\u672c\u548c\u6536\u76ca\u7684\u6784\u6210\uff0c\u63d0\u9ad8\u900f\u660e\u5ea6\u3002\u6b64\u5916\uff0c\u9488\u5bf9GP\u7ba1\u7406\u5c42\uff0c\u7cfb\u7edf\u4e5f\u53ef\u63d0\u4f9b\u6c47\u603b\u62a5\u8868\uff0c\u4f8b\u5982\u5404LP\u8d39\u7528\u627f\u62c5\u60c5\u51b5\u6c47\u603b\u3001\u975e\u9879\u76ee\u6536\u76ca\u660e\u7ec6\u53ca\u5206\u914d\u60c5\u51b5\u7b49\uff0c\u4ee5\u4f9b\u5185\u90e8\u51b3\u7b56\u548c\u5408\u89c4\u5ba1\u67e5\u4f7f\u7528\u3002<\/section>\n

                      \u901a\u8fc7\u4e0a\u8ff0\u673a\u5236\uff0c\u57fa\u91d1\u80fd\u591f\u5b9e\u73b0\u5bf9\u8fd0\u8425\u8d39\u7528\u548c\u975e\u9879\u76ee\u6295\u8d44\u6536\u76ca\u7684\u9010\u7b14\u62c6\u5206\u6838\u7b97<\/strong>\uff0c\u786e\u4fdd\u6bcf\u4e2a\u51fa\u8d44\u4eba\u7684\u6743\u76ca\u53d8\u52a8\u90fd\u6709\u636e\u53ef\u4f9d\u3002\u8fd9\u79cd\u7cbe\u7ec6\u7a0b\u5ea6\u7684\u6838\u7b97\uff0c\u4f7f\u57fa\u91d1\u80fd\u591f\u7075\u6d3b\u5e94\u5bf9\u5404\u79cd\u590d\u6742\u573a\u666f\uff08\u5982\u6295\u8d44\u6392\u9664\u3001\u7279\u6b8aLP\u6761\u6b3e\u7b49\uff09\uff0c\u540c\u65f6\u4fdd\u8bc1\u5206\u914d\u7ed3\u679c\u7b26\u5408\u5408\u540c\u7ea6\u5b9a\u548c\u884c\u4e1a\u89c4\u8303\u3002\u7136\u800c\uff0c\u5982\u6b64\u5e9e\u5927\u7684\u8ba1\u7b97\u91cf\u548c\u89c4\u5219\u5e94\u7528\uff0c\u4ec5\u9760\u4eba\u5de5\u51e0\u4e4e\u4e0d\u53ef\u80fd\u9ad8\u6548\u51c6\u786e\u5730\u5b8c\u6210\uff0c\u8fd9\u6b63\u662f\u4e13\u95e8\u7684\u57fa\u91d1\u8fd0\u8425\u7ba1\u7406\u7cfb\u7edf\u53d1\u6325\u4f5c\u7528\u4e4b\u5904\u3002<\/p>\n

                      3. \u7cfb\u7edf\u89e3\u51b3\u65b9\u6848<\/span><\/h2>\n

                      \u9762\u5bf9\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8d39\u7528\u548c\u6536\u76ca\u6838\u7b97\u7684\u590d\u6742\u6027\uff0c\u5f15\u5165\u4e13\u95e8\u7684\u57fa\u91d1\u8fd0\u8425\u7ba1\u7406\u7cfb\u7edf<\/strong>\u5df2\u6210\u4e3a\u884c\u4e1a\u5171\u8bc6\u3002\u8fd9\u7c7b\u7cfb\u7edf\u901a\u5e38\u7531\u4e13\u4e1a\u5382\u5546\u63d0\u4f9b\uff0c\u80fd\u591f\u8986\u76d6\u57fa\u91d1\u4f1a\u8ba1\u6838\u7b97\u3001\u6295\u8d44\u8005\u5173\u7cfb\u7ba1\u7406\u3001\u5408\u89c4\u62a5\u544a\u7b49\u5168\u6d41\u7a0b\u529f\u80fd\u3002\u4f7f\u7528\u6613\u52df\u57fa\u91d1\u8fd0\u8425\u7ba1\u7406\u7cfb\u7edf\u8fdb\u884c\u7cbe\u7ec6\u5316\u6838\u7b97\u7684\u91cd\u8981\u6027\u4f53\u73b0\u5728\u4ee5\u4e0b\u65b9\u9762\uff1a<\/p>\n

                        \n
                      • \u6d77\u91cf\u8ba1\u7b97\u7684\u81ea\u52a8\u5316\u5904\u7406<\/strong><\/span><\/li>\n<\/ul>\n
                        \u5982\u524d\u6240\u8ff0\uff0c\u6bcf\u7b14\u8d39\u7528\u548c\u6536\u76ca\u53ef\u80fd\u9700\u8981\u5728\u6570\u5341\u751a\u81f3\u4e0a\u767e\u4e2aLP\u4e4b\u95f4\u62c6\u5206\uff0c\u800c\u4e14\u57fa\u91d1\u5b58\u7eed\u671f\u957f\u8fbe\u6570\u5e74\uff0c\u7d2f\u79ef\u7684\u4ea4\u6613\u7b14\u6570\u6781\u4e3a\u53ef\u89c2\u3002\u4ee5\u4eba\u5de5\u65b9\u5f0f\u9010\u7b14\u5206\u644a\u8ba1\u7b97\uff0c\u4e0d\u4ec5\u8017\u65f6\u8017\u529b\uff0c\u8fd8\u5bb9\u6613\u51fa\u73b0\u8ba1\u7b97\u9519\u8bef\u6216\u9057\u6f0f\u3002\u4e13\u95e8\u7684\u57fa\u91d1\u7ba1\u7406\u7cfb\u7edf\u5185\u7f6e\u5f3a\u5927\u7684\u8ba1\u7b97\u5f15\u64ce\uff0c\u53ef\u4ee5\u6839\u636e\u9884\u8bbe\u89c4\u5219\u81ea\u52a8\u5904\u7406\u6d77\u91cf\u6570\u636e\u3002<\/section>\n
                        \u4f8b\u5982\uff0c\u5728\u6536\u5230\u4e00\u7b14\u5229\u606f\u6536\u5165\u65f6\uff0c\u7cfb\u7edf\u53ef\u77ac\u95f4\u5b8c\u6210\u5bf9\u6240\u6709LP\u5e94\u5206\u914d\u91d1\u989d\u7684\u8ba1\u7b97\u5e76\u66f4\u65b0\u5404\u81ea\u8d26\u6237\uff0c\u800c\u65e0\u9700\u4eba\u5de5\u9010\u6237\u8ba1\u7b97\u3002\u8fd9\u79cd\u81ea\u52a8\u5316\u5904\u7406\u5927\u5927\u63d0\u9ad8\u4e86\u6838\u7b97\u6548\u7387\uff0c\u4f7f\u57fa\u91d1\u8fd0\u8425\u56e2\u961f\u80fd\u591f\u5728\u77ed\u65f6\u95f4\u5185\u5b8c\u6210\u590d\u6742\u7684\u8d22\u52a1\u5904\u7406\u5de5\u4f5c\u3002<\/section>\n
                          \n
                        • \u590d\u6742\u89c4\u5219\u7684\u51c6\u786e\u6267\u884c<\/strong><\/span><\/li>\n<\/ul>\n
                          \u57fa\u91d1\u5408\u540c\u4e2d\u5404\u79cd\u7279\u6b8a\u6761\u6b3e\uff08\u8d39\u7528\u4e0a\u9650\u3001\u4f18\u5148\u56de\u62a5\u3001\u9644\u5e26\u6743\u76ca\u3001\u56de\u62e8\u673a\u5236\u7b49\uff09\u5f80\u5f80\u8d85\u51fa\u4e86\u901a\u7528\u8d22\u52a1\u8f6f\u4ef6\u7684\u5904\u7406\u80fd\u529b\u3002\u4e13\u95e8\u7cfb\u7edf\u9488\u5bf9\u79c1\u52df\u80a1\u6743\u4e1a\u52a1\u8fdb\u884c\u4e86\u5b9a\u5236\u5f00\u53d1\uff0c\u80fd\u591f\u5c06\u8fd9\u4e9b\u590d\u6742\u89c4\u5219\u7f16\u7801\u8fdb\u7cfb\u7edf\u903b\u8f91\uff0c\u786e\u4fdd\u6bcf\u7b14\u6838\u7b97\u90fd\u4e25\u683c\u9075\u5faa\u5408\u540c\u7ea6\u5b9a<\/strong>\u3002<\/section>\n
                          \u4f8b\u5982\uff0c\u5f53\u67d0LP\u8fbe\u5230\u8d39\u7528\u4e0a\u9650\u65f6\uff0c\u7cfb\u7edf\u53ef\u81ea\u52a8\u8bc6\u522b\u5e76\u8c03\u6574\u540e\u7eed\u8d39\u7528\u5206\u644a\uff1b\u5728\u8ba1\u7b97\u9644\u5e26\u6743\u76ca\u65f6\uff0c\u7cfb\u7edf\u4f1a\u6309\u7167\u7011\u5e03\u987a\u5e8f\u9010\u5c42\u8ba1\u7b97\uff0c\u4e00\u65e6\u6761\u4ef6\u6ee1\u8db3\uff08\u5982LP\u5df2\u6536\u56de\u672c\u91d1\u52a0\u4f18\u5148\u56de\u62a5\uff09\u5219\u89e6\u53d1GP\u5206\u6210\u7684\u8ba1\u63d0 \u3002\u8fd9\u79cd\u89c4\u5219\u9a71\u52a8\u7684\u81ea\u52a8\u5316\u51cf\u5c11\u4e86\u4eba\u4e3a\u5224\u65ad\u5931\u8bef\uff0c\u4fdd\u8bc1\u4e86\u6838\u7b97\u7ed3\u679c\u7684\u51c6\u786e\u5408\u89c4\u3002\u540c\u65f6\uff0c\u7cfb\u7edf\u8fd8\u53ef\u4ee5\u4fdd\u7559\u6bcf\u4e00\u6b65\u8ba1\u7b97\u7684\u5ba1\u8ba1\u8f68\u8ff9\uff0c\u65b9\u4fbf\u65e5\u540e\u67e5\u8be2\u548c\u9a8c\u8bc1\uff0c\u63d0\u9ad8\u4e86\u64cd\u4f5c\u7684\u53ef\u8ffd\u6eaf\u6027<\/strong>\u3002<\/section>\n
                            \n
                          • \u652f\u6301\u590d\u6742\u573a\u666f\u7684\u7075\u6d3b\u6027<\/strong><\/span><\/li>\n<\/ul>\n
                            \u73b0\u4ee3\u57fa\u91d1\u7ba1\u7406\u7cfb\u7edf\u901a\u5e38\u5177\u6709\u9ad8\u5ea6\u7075\u6d3b\u7684\u914d\u7f6e\u80fd\u529b\uff0c\u80fd\u591f\u9002\u5e94\u5404\u79cd\u201c\u7279\u6b8a\u573a\u666f\u201d\u3002\u4f8b\u5982\uff0c\u7cfb\u7edf\u5141\u8bb8\u4e3a\u4e0d\u540cLP\u8bbe\u7f6e\u4e2a\u6027\u5316\u53c2\u6570<\/strong>\uff08\u8d39\u7528\u4e0a\u9650\u503c\u3001\u6536\u76ca\u5206\u914d\u6bd4\u4f8b\u5dee\u5f02\u7b49\uff09\uff0c\u4ece\u800c\u652f\u6301\u201c\u4e00\u4e2a\u57fa\u91d1\uff0c\u591a\u79cd\u6761\u6b3e\u201d\u7684\u60c5\u51b5\u3002\u5f53\u51fa\u73b0LP\u9009\u62e9\u4e0d\u53c2\u4e0e\u6295\u8d44\u3001\u65b0LP\u4e2d\u9014\u52a0\u5165\u6216\u8001LP\u9000\u51fa\u7b49\u60c5\u5f62\u65f6\uff0c\u7cfb\u7edf\u53ef\u901a\u8fc7\u6295\u8d44\u5355\u5143\u7ba1\u7406<\/strong>\u3001\u4efd\u989d\u8f6c\u8ba9\u5904\u7406<\/strong>\u7b49\u6a21\u5757\uff0c\u52a8\u6001\u8c03\u6574\u76f8\u5173LP\u7684\u8d44\u672c\u8d26\u6237\u548c\u5206\u644a\u57fa\u6570 \u3002<\/section>\n
                            \u4ee5\u591a\u8f6e\u52df\u96c6\u4e3a\u4f8b\uff0c\u6bcf\u5f53\u6709\u65b0\u7684\u52df\u96c6\u5b8c\u6210\uff0c\u7cfb\u7edf\u80fd\u591f\u6839\u636e\u65b0\u7684\u51fa\u8d44\u6bd4\u4f8b\u81ea\u52a8\u5bf9\u4e4b\u524d\u672a\u5206\u914d\u7684\u6536\u76ca\u548c\u8d39\u7528\u8fdb\u884c\u91cd\u65b0\u8ba1\u7b97\u548c\u5206\u914d\u8c03\u6574\uff0c\u786e\u4fdd\u65b0\u8001LP\u7684\u6743\u76ca\u5f97\u5230\u516c\u5e73\u4f53\u73b0\u3002\u8fd9\u79cd\u7075\u6d3b\u6027\u4f7f\u57fa\u91d1\u5728\u4e0d\u8fdd\u53cd\u5408\u540c\u7684\u524d\u63d0\u4e0b\uff0c\u80fd\u591f\u6ee1\u8db3\u4e0d\u540c\u6295\u8d44\u8005\u7684\u7279\u6b8a\u9700\u6c42\uff0c\u540c\u65f6\u4fdd\u6301\u6838\u7b97\u6d41\u7a0b\u7684\u987a\u7545\u8fd0\u884c\u3002<\/section>\n
                              \n
                            • \u63d0\u5347\u8fd0\u8425\u6548\u7387\u548c\u964d\u4f4e\u6210\u672c<\/strong><\/span><\/li>\n<\/ul>\n
                              \u4f7f\u7528\u4e13\u95e8\u7cfb\u7edf\u53ef\u4ee5\u5c06\u57fa\u91d1\u8fd0\u8425\u4eba\u5458\u4ece\u7e41\u7410\u7684\u624b\u5de5\u8ba1\u7b97\u548c\u6838\u5bf9\u4e2d\u89e3\u653e\u51fa\u6765\uff0c\u628a\u7cbe\u529b\u66f4\u591a\u6295\u5165\u5230\u5206\u6790\u548c\u51b3\u7b56\u652f\u6301\u4e0a\u3002\u81ea\u52a8\u5316\u7684\u6838\u7b97\u6d41\u7a0b\u51cf\u5c11\u4e86\u4eba\u5de5\u9519\u8bef\u548c\u91cd\u590d\u52b3\u52a8\uff0c\u964d\u4f4e\u4e86\u8fd0\u8425\u98ce\u9669\u548c\u7ea0\u9519\u6210\u672c\u3002\u6b64\u5916\uff0c\u7cfb\u7edf\u6574\u5408\u4e86\u57fa\u91d1\u4f1a\u8ba1\u3001\u6295\u8d44\u8005\u670d\u52a1\u3001\u5408\u89c4\u62a5\u544a\u7b49\u529f\u80fd\u4e8e\u4e00\u4f53\uff0c\u5b9e\u73b0\u6570\u636e\u7684\u4e00\u6b21\u5f55\u5165\uff0c\u591a\u6b21\u5229\u7528<\/strong>\uff0c\u907f\u514d\u4e86\u591a\u5957\u7cfb\u7edf\u95f4\u6570\u636e\u4e0d\u4e00\u81f4\u7684\u95ee\u9898\u3002<\/section>\n
                              \u8fd9\u4e0d\u4ec5\u63d0\u9ad8\u4e86\u5185\u90e8\u534f\u4f5c\u6548\u7387\uff0c\u4e5f\u51cf\u5c11\u4e86\u5bf9\u5916\u90e8\u4e2d\u4ecb\u670d\u52a1\u7684\u4f9d\u8d56\uff0c\u957f\u671f\u6765\u770b\u6709\u52a9\u4e8e\u964d\u4f4e\u8fd0\u8425\u6210\u672c\u3002\u6709\u7814\u7a76\u6307\u51fa\uff0c\u5728\u79c1\u52df\u80a1\u6743\u884c\u4e1a\uff0c\u57fa\u91d1\u89c4\u6a21\u7684\u6269\u5927\u548c\u8fd0\u8425\u590d\u6742\u5ea6\u7684\u63d0\u5347\uff0c\u4f7f\u5f97\u6280\u672f\u6295\u5165\u6210\u4e3a\u4fdd\u6301\u7ade\u4e89\u529b\u7684\u5173\u952e<\/strong>\uff0c\u81ea\u52a8\u5316\u7a0b\u5ea6\u9ad8\u7684\u57fa\u91d1\u80fd\u591f\u4ee5\u66f4\u4f4e\u7684\u5355\u4f4d\u6210\u672c\u670d\u52a1\u66f4\u591a\u6295\u8d44\u8005 \u3002<\/section>\n
                                \n
                              • \u589e\u5f3a\u900f\u660e\u5ea6\u4e0e\u5408\u89c4<\/strong><\/span><\/li>\n<\/ul>\n
                                \u4e13\u95e8\u7684\u57fa\u91d1\u7ba1\u7406\u7cfb\u7edf\u901a\u5e38\u63d0\u4f9b\u6295\u8d44\u8005\u95e8\u6237<\/strong>\u548c\u62a5\u544a\u5b9a\u5236<\/strong>\u529f\u80fd\uff0c\u65b9\u4fbfLP\u5b9e\u65f6\u67e5\u8be2\u5176\u8d26\u6237\u4fe1\u606f\u548c\u57fa\u91d1\u8fd0\u8425\u6570\u636e \u3002LP\u53ef\u4ee5\u901a\u8fc7\u5728\u7ebf\u95e8\u6237\u67e5\u770b\u5176\u51fa\u8d44\u8bb0\u5f55\u3001\u8d39\u7528\u660e\u7ec6\u3001\u6536\u76ca\u5206\u914d\u548c\u5f53\u524d\u8d44\u672c\u8d26\u6237\u4f59\u989d\u7b49\uff0c\u5927\u5927\u63d0\u9ad8\u4e86\u4fe1\u606f\u900f\u660e\u5ea6\u3002\u8fd9\u5bf9\u4e8e\u63d0\u5347\u6295\u8d44\u8005\u4fe1\u4efb\u3001\u6ee1\u8db3\u76d1\u7ba1\u8981\u6c42\u90fd\u5177\u6709\u91cd\u8981\u610f\u4e49\u3002\u540c\u65f6\uff0c\u7cfb\u7edf\u80fd\u591f\u6839\u636e\u76d1\u7ba1\u89c4\u5b9a\u81ea\u52a8\u751f\u6210\u5404\u7c7b\u62a5\u8868\uff08\u5982\u7f8e\u56fdForm PF\u3001\u6b27\u76dfAIFMD\u62a5\u544a\u7b49\uff09\uff0c\u786e\u4fdd\u57fa\u91d1\u53ca\u65f6\u3001\u51c6\u786e\u5730\u5c65\u884c\u62a5\u544a\u4e49\u52a1\u3002\u7cfb\u7edf\u7684\u65e5\u5fd7\u548c\u6743\u9650\u7ba1\u7406\u529f\u80fd\u4e5f\u4fdd\u8bc1\u4e86\u64cd\u4f5c\u7684\u5408\u89c4\u6027\uff0c\u4efb\u4f55\u5bf9\u6570\u636e\u7684\u4fee\u6539\u90fd\u6709\u8bb0\u5f55\uff0c\u53ef\u9632\u8303\u5185\u90e8\u821e\u5f0a\u6216\u64cd\u4f5c\u4e0d\u5f53\u3002<\/section>\n

                                4. \u6848\u4f8b\u5206\u6790<\/span><\/h2>\n

                                \u4e3a\u66f4\u76f4\u89c2\u5730\u8bf4\u660e\u7cbe\u7ec6\u5316\u6838\u7b97\u673a\u5236\u53ca\u5176\u7cfb\u7edf\u652f\u6301\u7684\u4ef7\u503c\uff0c\u4e0b\u9762\u901a\u8fc7\u4e24\u4e2a\u7b80\u5316\u6848\u4f8b\u8fdb\u884c\u5206\u6790\uff1a<\/p>\n

                                4.1 \u6848\u4f8b\u4e00\uff1a\u542b\u6295\u8d44\u6392\u9664\u548c\u8d39\u7528\u4e0a\u9650\u7684\u8d39\u7528\u5206\u644a<\/strong><\/span>
                                \n\u5047\u8bbe\u67d0\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u6709\u4e09\u4f4dLP\uff1aA\u3001B\u548cC\uff0c\u627f\u8bfa\u51fa\u8d44\u5206\u522b\u4e3a2\u4ebf\u5143\u30012\u4ebf\u5143\u548c1\u4ebf\u5143\uff0cGP\u6536\u53d62%\u7684\u5e74\u7ba1\u7406\u8d39\uff0c\u6309\u627f\u8bfa\u8d44\u672c\u5728\u6295\u8d44\u671f\u5185\u6536\u53d6\u3002\u6b64\u5916\uff0cLP C\u5728LPA\u4e2d\u7ea6\u5b9a\u5176\u6bcf\u5e74\u627f\u62c5\u7684\u8fd0\u8425\u8d39\u7528\u4e0a\u9650\u4e3a\u5176\u627f\u8bfa\u51fa\u8d44\u76841%\uff08\u5373100\u4e07\u5143\uff09\u3002\u57fa\u91d1\u5728\u6295\u8d44\u671f\u7b2c\u4e8c\u5e74\u53d1\u751f\u4ee5\u4e0b\u4e8b\u9879\uff1a(1)\u5bf9\u9879\u76eeX\u8fdb\u884c\u6295\u8d44\uff0cLP A\u548cB\u5404\u51fa\u8d444000\u4e07\u5143\uff0cLP C\u9009\u62e9\u4e0d\u53c2\u4e0e\u8be5\u9879\u76ee\uff1b(2)\u4e3a\u9879\u76eeX\u652f\u51fa\u5c3d\u804c\u8c03\u67e5\u8d3950\u4e07\u5143\uff1b(3)\u5f53\u5e74\u53d1\u751f\u57fa\u91d1\u65e5\u5e38\u8fd0\u8425\u8d39\u7528\uff08\u529e\u516c\u5f00\u652f\u3001\u5ba1\u8ba1\u8d39\u7b49\uff09\u603b\u8ba1800\u4e07\u5143\u3002<\/p>\n

                                \u5728\u4f20\u7edf\u7b80\u5355\u6838\u7b97\u4e0b\uff0c\u53ef\u80fd\u5c06\u5c3d\u804c\u8c03\u67e5\u8d3950\u4e07\u548c\u8fd0\u8425\u8d39800\u4e07\u5408\u5e76\u6309\u5404LP\u627f\u8bfa\u51fa\u8d44\u6bd4\u4f8b\u5206\u644a\uff0c\u5373A\u548cB\u5404\u627f\u62c5(850\u4e07\u00d740%)=340\u4e07\uff0cC\u627f\u62c5(850\u4e07\u00d720%)=170\u4e07\u3002\u7136\u800c\u8fd9\u663e\u7136\u5bf9LP C\u4e0d\u516c\u5e73\uff0c\u56e0\u4e3aC\u672a\u53c2\u4e0e\u9879\u76eeX\u5374\u88ab\u5206\u644a\u4e86\u5c3d\u804c\u8c03\u67e5\u8d39\uff0c\u4e14170\u4e07\u5df2\u8d85\u8fc7\u5176100\u4e07\u7684\u8d39\u7528\u4e0a\u9650\u3002<\/p>\n

                                \u901a\u8fc7\u7cbe\u7ec6\u5316\u6838\u7b97\u673a\u5236\u548c\u7cfb\u7edf\u5904\u7406\uff0c\u6b63\u786e\u7684\u5206\u644a\u7ed3\u679c\u5982\u4e0b\uff1a<\/p>\n

                                \u9996\u5148\uff0c\u5c3d\u804c\u8c03\u67e5\u8d3950\u4e07\u4ec5\u7531\u53c2\u4e0e\u9879\u76eeX\u7684LP A\u548cB\u6309\u5176\u6295\u8d44\u989d\u6bd4\u4f8b\u5206\u644a\uff08\u5404\u6295\u8d444000\u4e07\uff0c\u6bd4\u4f8b1:1\uff09\uff0c\u56e0\u6b64A\u548cB\u5404\u627f\u62c525\u4e07\u5143\uff0cLP C\u4e0d\u627f\u62c5\u6b64\u8d39\u7528\u3002<\/p>\n

                                \u5176\u6b21\uff0c\u65e5\u5e38\u8fd0\u8425\u8d39800\u4e07\u6309\u627f\u8bfa\u51fa\u8d44\u6bd4\u4f8b\u5728\u5168\u4f53LP\u95f4\u5206\u644a\uff1aA\u548cB\u5404\u5e94\u627f\u62c5320\u4e07\uff08800\u4e07\u00d740%\uff09\uff0cC\u5e94\u627f\u62c5160\u4e07\uff08800\u4e07\u00d720%\uff09\u3002\u4f46\u7531\u4e8eLP C\u7684\u8d39\u7528\u4e0a\u9650\u4e3a100\u4e07\uff0c\u7cfb\u7edf\u4f1a\u8bc6\u522b\u5230160\u4e07\u8d85\u51fa\u4e0a\u9650\uff0c\u4e8e\u662f\u5c06C\u7684\u8d39\u7528\u9501\u5b9a\u4e3a100\u4e07\uff0c\u5269\u4f5960\u4e07\u6539\u7531GP\u627f\u62c5\u6216\u5728A\u3001B\u4e4b\u95f4\u8ffd\u52a0\u5206\u644a\uff08\u5047\u8bbe\u7ea6\u5b9a\u7531GP\u627f\u62c5\uff09\u3002<\/p>\n

                                \u6700\u7ec8\uff0c\u5404LP\u5b9e\u9645\u627f\u62c5\u8d39\u7528\u4e3a\uff1aA=320+25=345\u4e07\uff0cB=320+25=345\u4e07\uff0cC=100\u4e07\uff0cGP\u627f\u62c560\u4e07\u3002\u7cfb\u7edf\u5c06\u4e0a\u8ff0\u7ed3\u679c\u5206\u522b\u8bb0\u5165\u5404LP\u7684\u8d44\u672c\u8d26\u6237\u501f\u65b9\uff0c\u540c\u65f6\u8bb0\u5f55GP\u627f\u62c5\u768460\u4e07\u8d39\u7528\uff08\u53ef\u80fd\u51b2\u62b5GP\u7684\u7ba1\u7406\u8d39\u6536\u5165\u6216\u7531GP\u53e6\u884c\u652f\u4ed8\uff09\u3002<\/p>\n

                                \u901a\u8fc7\u8fd9\u4e00\u6848\u4f8b\u53ef\u4ee5\u770b\u5230\uff0c\u7cbe\u7ec6\u5316\u6838\u7b97\u786e\u4fdd\u4e86\u201c\u8c01\u53d7\u76ca\u8c01\u627f\u62c5\u201d<\/strong>\u7684\u516c\u5e73\u539f\u5219\uff1a\u672a\u53c2\u4e0e\u9879\u76ee\u7684LP\u4e0d\u627f\u62c5\u9879\u76ee\u8d39\u7528\uff0c\u8d39\u7528\u4e0a\u9650\u5f97\u5230\u4e25\u683c\u6267\u884c\u3002\u8fd9\u4e00\u8fc7\u7a0b\u82e5\u6ca1\u6709\u7cfb\u7edf\u652f\u6301\uff0c\u4eba\u5de5\u8ba1\u7b97\u548c\u8c03\u6574\u5c06\u975e\u5e38\u7e41\u7410\u4e14\u6613\u51fa\u9519\u3002\u800c\u501f\u52a9\u7cfb\u7edf\uff0c\u53ea\u9700\u9884\u5148\u8bbe\u5b9a\u597d\u89c4\u5219\uff08\u5982\u201copt-out\u9879\u76ee\u8d39\u7528\u4e0d\u644a\u3001LP\u8d39\u7528\u4e0a\u96501%\u201d\uff09\uff0c\u7cfb\u7edf\u5373\u53ef\u81ea\u52a8\u5b8c\u6210\u4e0a\u8ff0\u590d\u6742\u8ba1\u7b97\uff0c\u5e76\u751f\u6210\u8be6\u7ec6\u62a5\u544a\u4f9bLP\u548cGP\u6838\u5bf9\u3002\u7ed3\u679c\u662fLP C\u907f\u514d\u4e86\u4e0d\u5408\u7406\u7684\u8d39\u7528\u8d1f\u62c5\uff0cGP\u4e5f\u5c65\u884c\u4e86\u5bf9LP\u7684\u627f\u8bfa\uff0c\u57fa\u91d1\u8fd0\u8425\u7684\u516c\u5e73\u6027\u548c\u900f\u660e\u5ea6\u5f97\u5230\u63d0\u5347\u3002<\/p>\n

                                4.2 \u6848\u4f8b\u4e8c\uff1a\u591a\u8f6e\u52df\u96c6\u4e0b\u7684\u6536\u76ca\u5206\u914d\u4e0e\u8d44\u672c\u8d26\u6237\u8c03\u6574<\/strong><\/span>
                                \n\u67d0\u521b\u6295\u57fa\u91d1\u5206\u4e24\u671f\u52df\u96c6\uff1a\u9996\u671f\u4e8e2020\u5e74\u5b8c\u6210\uff0cLP\u7532\u51fa\u8d441\u4ebf\u5143\uff1b\u4e8c\u671f\u4e8e2022\u5e74\u5b8c\u6210\uff0cLP\u4e59\u51fa\u8d441\u4ebf\u5143\u3002\u57fa\u91d1\u57282021\u5e74\u6295\u8d44\u4e86\u9879\u76eeY\uff0c\u6295\u5165\u8d44\u91d18000\u4e07\u5143\uff08\u5168\u90e8\u6765\u81ea\u9996\u671f\u8d44\u91d1\uff09\u30022023\u5e74\u9879\u76eeY\u6210\u529f\u9000\u51fa\uff0c\u83b7\u5f97\u53d8\u73b0\u6536\u51651.6\u4ebf\u5143\uff0c\u4ea7\u751f\u6295\u8d44\u5229\u6da68000\u4e07\u5143\u3002\u57fa\u91d1\u7ea6\u5b9a\u4f18\u5148\u56de\u62a5\u7387\u4e3a\u5e74\u53168%\uff08\u5355\u5229\uff09\uff0c\u9644\u5e26\u6743\u76ca\u4e3a20%\uff0c\u6309\u57fa\u91d1\u6574\u4f53\u201c\u7011\u5e03\u201d\u5206\u914d\u3002<\/p>\n

                                \u57282022\u5e74\u4e8c\u671f\u52df\u96c6\u5b8c\u6210\u65f6\uff0c\u7cfb\u7edf\u9700\u8981\u5bf9\u622a\u81f3\u5f53\u65f6\u7684\u57fa\u91d1\u51c0\u8d44\u4ea7\u8fdb\u884c\u91cd\u65b0\u5e73\u8861<\/strong>\uff0c\u4ee5\u786e\u4fdd\u65b0LP\u4e59\u516c\u5e73\u5730\u52a0\u5165\u3002\u5047\u8bbe\u622a\u81f32022\u5e74\u5e95\uff0c\u9879\u76eeY\u5c1a\u672a\u9000\u51fa\uff0c\u5176\u4f30\u503c\u4e3a1\u4ebf\u5143\uff0c\u5219\u57fa\u91d1\u51c0\u8d44\u4ea7\u4e3a1\u4ebf\u5143\uff08\u9879\u76ee\u4f30\u503c\uff09\u52a0\u4e0a\u94f6\u884c\u5b58\u6b3e\u7b49\uff08\u5047\u8bbe\u65e0\u5176\u4ed6\u8d44\u4ea7\u8d1f\u503a\uff09\u3002\u7531\u4e8eLP\u4e59\u57282022\u5e74\u624d\u52a0\u5165\uff0c\u7cfb\u7edf\u4f1a\u8ba1\u7b97LP\u7532\u57282020-2022\u5e74\u95f4\u5e94\u4eab\u6709\u7684\u6536\u76ca\uff1a\u521d\u59cb\u6295\u8d448000\u4e07\uff0c\u63098%\u4f18\u5148\u56de\u62a5\u8ba1\u7b97\u4e24\u5e74\u6536\u76ca\u4e3a1280\u4e07\uff0c\u56e0\u6b64LP\u7532\u7684\u8d44\u672c\u8d26\u6237\u4f59\u989d\u6b64\u65f6\u5e94\u4e3a8000+1280=9280\u4e07\uff0c\u5bf9\u5e94\u57fa\u91d1\u51c0\u8d44\u4ea71\u4ebf\u4e2d\u768492.8%\u3002LP\u4e59\u51fa\u8d441\u4ebf\u8ba4\u8d2d\u57fa\u91d1\u65b0\u4efd\u989d\u65f6\uff0c\u7cfb\u7edf\u5c06\u8c03\u6574\u57fa\u91d1\u603b\u4efd\u989d\uff0c\u4f7fLP\u7532\u5360\u7ea648.1%\u3001LP\u4e59\u5360\u7ea651.9%\u7684\u6743\u76ca\u6bd4\u4f8b\uff08\u786e\u4fddLP\u7532\u76849280\u4e07\u5360\u65b0\u603b\u8d44\u672c\u7ea61.928\u4ebf\u768448.1%\uff09\u3002\u8fd9\u4e00\u8fc7\u7a0b\u901a\u8fc7\u7cfb\u7edf\u81ea\u52a8\u5b8c\u6210\uff0c\u4fdd\u8bc1\u4e86\u65b0\u8001LP\u6743\u76ca\u7684\u516c\u5e73\u5212\u5206\u3002<\/p>\n

                                \u52302023\u5e74\u9879\u76eeY\u9000\u51fa\u83b7\u5f971.6\u4ebf\u5143\u65f6\uff0c\u7cfb\u7edf\u5f00\u59cb\u6267\u884c\u6536\u76ca\u5206\u914d\uff1a\u9996\u5148\u8fd4\u8fd8\u5168\u4f53LP\u7684\u5b9e\u7f34\u8d44\u672c\uff0c\u5373\u75328000\u4e07\u3001\u4e590\uff08\u4e59\u7684\u8d44\u91d1\u5c1a\u672a\u7528\u4e8e\u8be5\u9879\u76ee\u6295\u8d44\uff09\uff1b\u7136\u540e\u652f\u4ed8\u4f18\u5148\u56de\u62a5\uff0c\u7532\u57282023\u5e74\u8fd8\u6709\u4e00\u5e74\u4f18\u5148\u6536\u76ca640\u4e07\uff0c\u4e59\u65e0\uff1b\u81f3\u6b64\u7532\u5df2\u6536\u56de\u672c\u91d1\u548c\u4f18\u5148\u56de\u62a5\u5408\u8ba18640\u4e07\u3002\u5269\u4f59\u53ef\u5206\u914d\u5229\u6da6\u4e3a1.6\u4ebf-8000\u4e07\u672c\u91d1=8000\u4e07\uff0c\u6263\u9664\u4f18\u5148\u56de\u62a5640\u4e07\u540e\u4e3a7360\u4e07\u3002\u6309\u7167\u7011\u5e03\u987a\u5e8f\uff0c\u63a5\u4e0b\u6765\u662fGP\u7684\u201c\u8ffd\u8d76\u201d\uff08catch-up\uff09\u90e8\u5206\uff0c\u901a\u5e38\u7ea6\u5b9aGP\u53ef\u5206\u5f97\u4e00\u5b9a\u6bd4\u4f8b\u76f4\u81f3\u5176\u7d2f\u8ba1\u5206\u6210\u8fbe\u5230\u5229\u6da6\u768420%\u3002\u7cfb\u7edf\u8ba1\u7b97GP\u5e94\u8ffd\u8d76\u90e8\u5206\uff1a\u5047\u8bbe\u8ffd\u8d76\u6bd4\u4f8b\u4e3a100%\uff0c\u5219GP\u53ef\u4ece7360\u4e07\u4e2d\u5148\u520620%\u7684\u5bf9\u5e94\u90e8\u5206\uff0c\u5373GP\u5206\u5f97 (7360\u4e07\u00d720%)\/(80%) = 1840\u4e07\uff0c\u4f7fGP\u7d2f\u8ba1\u5206\u62101840\u4e07\uff0cLP\u7d2f\u8ba1\u5206\u5f977360-1840=5520\u4e07\uff0c\u4e24\u8005\u6bd4\u4f8b\u4e3a20:80\u3002\u6700\u540e\uff0c\u5269\u4f59\u5229\u6da6\uff08\u5982\u679c\u6709\u7684\u8bdd\uff09\u630920:80\u5728GP\u548cLP\u95f4\u5206\u914d\u3002\u5728\u6b64\u4f8b\u4e2d\uff0c7360\u4e07\u7ecf\u8ffd\u8d76\u5206\u914d\u5b8c\u6bd5\uff0cGP\u5171\u83b7\u5f971840\u4e07\u9644\u5e26\u6743\u76ca\uff0cLP\u7532\u83b7\u5f975520\u4e07\u8d85\u989d\u5229\u6da6\u5206\u914d\u3002\u7531\u4e8eLP\u4e59\u672a\u53c2\u4e0e\u8be5\u9879\u76ee\u6295\u8d44\uff0c\u5176\u8d44\u672c\u8d26\u6237\u4e0d\u53d7\u8be5\u9879\u76ee\u9000\u51fa\u5f71\u54cd\uff08\u9664\u975e\u57fa\u91d1\u6709\u5176\u4ed6\u6536\u76ca\u53ef\u5206\u914d\uff09\u3002\u7cfb\u7edf\u5c06\u4e0a\u8ff0\u5206\u914d\u7ed3\u679c\u5206\u522b\u8bb0\u5f55\uff1aLP\u7532\u7684\u8d44\u672c\u8d26\u6237\u8d37\u65b9\u589e\u52a05520\u4e07\uff0cGP\u83b7\u5f971840\u4e07carry\uff08\u901a\u5e38GP\u4f1a\u5c06\u5176\u8ba1\u5165\u81ea\u8eab\u8d44\u672c\u8d26\u6237\u6216\u76f4\u63a5\u63d0\u53d6\uff09\u3002LP\u4e59\u7684\u8d44\u672c\u8d26\u6237\u4ecd\u53cd\u6620\u51761\u4ebf\u5143\u51fa\u8d44\uff08\u53ef\u80fd\u968f\u57fa\u91d1\u5176\u4ed6\u8d44\u4ea7\u53d8\u52a8\u800c\u53d8\u52a8\uff0c\u4f46\u5728\u672c\u6848\u4f8b\u4e2d\u672a\u6d89\u53ca\uff09\u3002<\/p>\n

                                \u901a\u8fc7\u6b64\u6848\u4f8b\u53ef\u4ee5\u770b\u51fa\uff0c\u5728\u6709\u591a\u8f6e\u52df\u96c6\u548c\u4e0d\u540c\u6295\u8d44\u53c2\u4e0e\u5ea6\u7684\u60c5\u51b5\u4e0b\uff0c\u7cbe\u7ec6\u5316\u6838\u7b97\u786e\u4fdd\u4e86\u6536\u76ca\u5206\u914d\u6309\u5b9e\u7f34\u65f6\u95f4\u548c\u53c2\u4e0e\u5ea6<\/strong>\u8fdb\u884c\u3002\u7cfb\u7edf\u81ea\u52a8\u5904\u7406\u4e86\u65b0LP\u52a0\u5165\u65f6\u7684\u6743\u76ca\u8c03\u6574\uff0c\u5e76\u4e25\u683c\u6309\u7167\u7011\u5e03\u987a\u5e8f\u8ba1\u7b97\u5404\u65b9\u5e94\u5f97\u6536\u76ca\uff0c\u907f\u514d\u4e86\u4eba\u5de5\u5206\u914d\u53ef\u80fd\u5bfc\u81f4\u7684\u4e0d\u516c\u6216\u8ba1\u7b97\u9519\u8bef\u3002\u6700\u7ec8\uff0cLP\u7532\u83b7\u5f97\u4e86\u5176\u5e94\u6709\u7684\u4f18\u5148\u56de\u62a5\u548c\u9879\u76ee\u5229\u6da6\u5206\u6210\uff0cLP\u4e59\u7684\u6743\u76ca\u4e5f\u672a\u56e0\u540e\u6765\u52a0\u5165\u800c\u88ab\u7a00\u91ca\uff0cGP\u5219\u6839\u636e\u4e1a\u7ee9\u83b7\u5f97\u4e86\u76f8\u5e94\u7684carry\u3002\u6574\u4e2a\u8fc7\u7a0b\u900f\u660e\u53ef\u67e5\uff0c\u5404\u53c2\u4e0e\u65b9\u5bf9\u7ed3\u679c\u5747\u4fe1\u670d\u3002<\/p>\n

                                5. \u7ed3\u8bed<\/span><\/h2>\n

                                \u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8fd0\u8425\u8d39\u7528\u4e0e\u975e\u9879\u76ee\u6295\u8d44\u6536\u76ca\u7684\u7cbe\u7ec6\u5316\u6838\u7b97\uff0c\u662f\u57fa\u91d1\u540e\u53f0\u7ba1\u7406\u4e2d\u81f3\u5173\u91cd\u8981\u4e14\u590d\u6742\u7684\u4e00\u73af\u3002\u968f\u7740\u57fa\u91d1\u7ed3\u6784\u548c\u6295\u8d44\u8005\u9700\u6c42\u65e5\u76ca\u591a\u6837\u5316\uff0c\u9010\u7b14\u62c6\u5206\u3001\u6309\u6237\u6838\u7b97<\/strong>\u5df2\u6210\u4e3a\u786e\u4fdd\u516c\u5e73\u5206\u914d\u548c\u5408\u89c4\u8fd0\u8425\u7684\u5fc5\u7136\u8981\u6c42\u3002<\/p>\n

                                \u672c\u6587\u8ba8\u8bba\u7684\u95ee\u9898\u80cc\u666f\u8868\u660e\uff0c\u4f20\u7edf\u7c97\u653e\u7684\u8d39\u7528\u5206\u644a\u65b9\u5f0f\u5df2\u65e0\u6cd5\u9002\u5e94\u5305\u542b\u6295\u8d44\u6392\u9664\u3001\u7279\u6b8aLP\u6761\u6b3e\u7b49\u5728\u5185\u7684\u590d\u6742\u573a\u666f\uff1b\u7cbe\u7ec6\u5316\u6838\u7b97\u673a\u5236\u5219\u63d0\u4f9b\u4e86\u89e3\u51b3\u4e4b\u9053\uff0c\u901a\u8fc7\u660e\u786e\u7684\u89c4\u5219\u548c\u6d41\u7a0b\uff0c\u5c06\u6bcf\u7b14\u8d39\u7528\u548c\u6536\u76ca\u51c6\u786e\u5f52\u5c5e\u5230\u6bcf\u4e2a\u51fa\u8d44\u4eba\u7684\u8d44\u672c\u8d26\u6237\u4e2d\u3002\u7136\u800c\uff0c\u8fd9\u4e00\u673a\u5236\u7684\u6709\u6548\u8fd0\u884c\u79bb\u4e0d\u5f00\u4e13\u95e8\u7684\u57fa\u91d1\u8fd0\u8425\u7ba1\u7406\u7cfb\u7edf<\/strong>\u7684\u652f\u6301\u2014\u2014\u53ea\u6709\u501f\u52a9\u5f3a\u5927\u7684\u7cfb\u7edf\u5de5\u5177\uff0c\u624d\u80fd\u9ad8\u6548\u5904\u7406\u6d77\u91cf\u6570\u636e\u3001\u6267\u884c\u590d\u6742\u5206\u914d\u903b\u8f91\uff0c\u5e76\u6ee1\u8db3\u65e5\u76ca\u589e\u957f\u7684\u900f\u660e\u5ea6\u548c\u76d1\u7ba1\u8981\u6c42\u3002<\/p>\n

                                \u5bf9\u4e8e\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u8fd0\u8425\u4eba\u5458\u800c\u8a00\uff0c\u7406\u89e3\u5e76\u5b9e\u65bd\u7cbe\u7ec6\u5316\u6838\u7b97\u5177\u6709\u91cd\u8981\u610f\u4e49\uff1a\u5b83\u4e0d\u4ec5\u6709\u52a9\u4e8e\u7ef4\u62a4\u6295\u8d44\u8005\u5173\u7cfb\u548c\u57fa\u91d1\u58f0\u8a89\uff0c\u4e5f\u662f\u63a7\u5236\u8fd0\u8425\u98ce\u9669\u3001\u63d0\u9ad8\u7ba1\u7406\u6548\u7387\u7684\u5173\u952e\u4e3e\u63aa\u3002\u901a\u8fc7\u5f15\u5165\u5148\u8fdb\u7684\u57fa\u91d1\u7ba1\u7406\u7cfb\u7edf\uff0c\u8fd0\u8425\u56e2\u961f\u53ef\u4ee5\u4ece\u7e41\u7410\u7684\u8ba1\u7b97\u4e2d\u89e3\u653e\u51fa\u6765\uff0c\u5c06\u66f4\u591a\u7cbe\u529b\u6295\u5165\u5206\u6790\u548c\u589e\u503c\u670d\u52a1\uff0c\u4ece\u800c\u4e3a\u57fa\u91d1\u7684\u7a33\u5065\u8fd0\u4f5c\u548c\u957f\u671f\u53d1\u5c55\u63d0\u4f9b\u6709\u529b\u4fdd\u969c\u3002\u5728\u79c1\u52df\u80a1\u6743\u884c\u4e1a\u7ade\u4e89\u65e5\u8d8b\u6fc0\u70c8\u7684\u4eca\u5929\uff0c\u7cbe\u7ec6\u5316\u6838\u7b97\u80fd\u529b\u548c\u6280\u672f\u5e94\u7528\u6c34\u5e73\u5df2\u7ecf\u6210\u4e3a\u57fa\u91d1\u7ba1\u7406\u4eba\u7684\u4e00\u9879\u6838\u5fc3\u7ade\u4e89\u529b\uff0c\u5176\u4ef7\u503c\u5c06\u5728\u672a\u6765\u7684\u5b9e\u8df5\u4e2d\u5f97\u5230\u66f4\u52a0\u5145\u5206\u7684\u4f53\u73b0\u3002<\/p>\n

                                 <\/p>\n

                                -END-<\/span><\/p>\n

                                <\/section>\n
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                                \n
                                \u6ce8\uff1a\u672c\u6587\u7ecf\u6613\u52df\u79d1\u6280\u6388\u6743\u8f6c\u8f7d\uff0c\u4e0d\u4ee3\u8868\u672c\u5e73\u53f0\u7acb\u573a<\/p>\n

                                \u5c01\u9762\u56fe\u7247\u6765\u6e90\uff1apixabay<\/p>\n

                                \"\"<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

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