电商网站商业计划书

1、蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄

2、蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄

3、薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节

4、薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃

5、蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃

6、虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁

7、螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂

8、螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂

9、螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀

10、衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁

11、蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂

12、蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀

13、蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀

14、薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁

15、蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿

16、蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿

17、蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀

18、螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈

19、螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈

20、螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿

21、袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇

22、蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈

23、薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈

24、薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆

25、薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈肁肇膅蚀袄羃芄螂肀节芃蒂袂膈节薄肈膄芁螇袁肀芀衿螃莈芀蕿罿芄艿蚁螂膀芈螃羇肆莇蒃螀羂莆薅羅芁莅蚇螈芇莄袀羄膃莄蕿袇聿莃蚂肂羅莂螄袅芄莁蒄肀膀蒀薆袃肆葿蚈聿羂蒈螁袁莀蒈薀蚄芆蒇蚃羀膂蒆螅螃肈蒅蒄羈羄蒄薇螁芃薃虿羆腿薂螁蝿肅薂蒁羅羁薁蚃螇荿薀螆肃芅蕿袈袆膁薈薈 年增长率1999200020012002注册会计师、评估师30%100130169220财务、管理软件40%20283955会计用品、教育培训25%30384759合计15

26、0196255334年200020012002日非重复用户访问量(人次)10,00050,000150,000每次通话页读数(页)101520日均页读数(页)100,000750,0003,000,000年页读数（页）9,000,000273,750,0001,095,000,000CPM(元）150150150广告代理折扣50%50%50%每页读数广告率20%30%40%广告费(元)135,0006,159,37532,850,000公司会员数(家)3,00015,00045,000个人会员(人)20,000100,000300,000公司会员年费（元）0120120个人会员年费（元）000

27、会员费(元)01,800,0005,400,000其它服务费(元)100,000500,0001,500,000收入合计(元)235,0008,459,37539,750,000工资人数人均工资（元）金额（元） 总经理110,00010,000 总监49,00036,000 网页主管16,0006,000 中层管理人员和技术骨干144,00056,000初级员工（录入、出纳、市场专员）42,50010,000工资小计118,000奖金/补贴=工资*20%23,600福利=工资*40%47,200合计188,8002000200120022003总发行股800,0001,200,0001,500

28、,000估值$800,000 $6,400,000 $32,000,000 $60,000,000 新投资额$800,000 $2,800,000 $6,000,000 购买股份320,000400,000300,000每股价值$2.50 $7.00 $20.00 购买股权40.00%33.33%20.00%公开上市发行后股权21.33%26.67%20.00%公开上市发行后股值$12,800,000 $16,000,000 $12,000,000 持有年限321净现值*$8,015,300 $9,475,582 $4,462,810 内部投资回报率151.98%139.05%100.00%费

29、用项目金额（万元）资本性开支 注册费用1 装修及办公家具20 设备投资（包括服务器、PC、打印机等办公设备）70资本性开支小计91经营性开支 房租（约200平米）30 工资奖金113 福利38 市场推广费200 信息购置费10 办公费用21 电信服务费40 软件开发费50经营性开支小计502启动费用合计593 膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁

30、膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈

31、聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆

32、肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃

33、羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁

34、袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈

35、袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅

36、螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀

37、膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈

38、肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅

39、羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃

40、羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀

41、袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇

42、螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅

43、膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂

44、聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀

45、肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇

46、羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅

47、袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃肆葿蚈聿羁蒈袁袁莀蒈薀膇芆蒇蚃羀膂蒆螅膅肈蒅袇羈莇薄薇螁芃薃虿羆腿薂螁蝿膅薂薁肅肁薁蚃袇荿薀螆肃芅蕿袈袆膁薈薈肁肇蚇蚀袄莆蚆螂聿节蚆袅袂芈蚅蚄膈膄芁螇羁肀芀衿膆莈芀薈罿芄艿蚁膄膀莈螃羇肆莇袅螀莅莆薅羅莁莅螇螈芇莄袀肄膃莄蕿袇聿莃蚂肂莈莂螄袅芄蒁袆肀膀蒀薆袃