版權說明:本文檔由用戶提供并上傳,收益歸屬內(nèi)容提供方,若內(nèi)容存在侵權,請進行舉報或認領
文檔簡介
1、 fl, . . $ 1 : fi+ q, $fi10% : ! $ fiA:fiz , fl fi23$flfi,5?fifi2 , $()/fl/75 fl117%:BWT fi flA$flffi,fl=fiO=fifi# %$cd8KflT fi fl$13%R17%,%$cd8!$fi fl?&ei0$ fi Afl4fl0.5%,flT ffiffie91%,fi fi63%,bfl=T fifi 9;,$cd8T 9;k:flfi,5 *fi,?fiflfi3%($y)14$fi$ fi2014A2015A2016A2018Q12014A2015A2016A2017A?fi fl
2、=20.737.540.033.80.240.370.580.4691%63%fiO=45.294.482.161.21.231.271.411.4216%35%=fi27.661.457.943.20.831.011.110.9312%57%fifi43.194.3100.294.60.570.991.862.66367%120%$fi19.646.449.351.80.430.560.981.06149%165%# %72.2114.3120.8107.11.180.501.632.0272%48%$60.398.7101.9133.03.663.574.725.4850%121%$S$4
3、8.679.684.6118.33.423.454.495.4158%143%)88.2197.6195.0185.61.572.063.592.3349%111%cd8109.6154.3169.8248.24.424.815.446.3944%126%$50.067.786.9157.12.813.203.574.0745%214%Kfl186.8336.0330.9398.84.455.586.998.0882%114%7C:Wind fi $y$3$ fifi:2017fi,GDP,%kC)fil$%kC)y fi5.97fly 2.60flyq3.64fls,fl.6.3%9.0%)
4、8.3%,%$,GDP)fil$,%kC)/ &.fi11.3%)10.2%;,GDPfl5flfiQPf$AX$,fifiQPfpfiffi$fififiQ(flqu!& fi,fl ($fl*$fl :$fiQy,9,GDP5000y, fl;fiQ#$fiflSfiQuflb d, o.fi,fiQ C) ?fl D;.fi,2017fiQC)fiQDy fi4.57fly)50.01I,fl.fi15.9%)12.8%,CAGRy fi19.4%)12.0%u,fiQafCAGRfi6.6%ufi:,! fi :17$fiGDP.$fi ) fi6.3%.9.0%DGR:Wind#fi
5、#$y$: :17$!-4.57fly,fl fi15.9%DGR:Wind#fi#$y$:20%18%16%14%12%10%8%6%4%2%0%6000050000400003000020000100000200020022004200620082010201220142016,GDP(y),GDPflfil$,%kC),%kC).60%50%40%30%20%10%0%-10%-20%5000045000400003500030000250002000015000100005000020002001200220032004200520062007200820092010201120122
6、0132014201520162017fiQC)(y)fiQC). 0 :3fi8 fi,.fl$fififl+3fi8 fi:2016fi Syfl12997y,flMfi29.1%,JQ B,$flfififififiE;M y.fi10.9%B8.1%fl y$B fi3fl!fi$0 /:fi =$fi,gfiflfi fi,fiyflfi1fi,:fifl fi=,“fi+fi$,fifi$wifi3ofifi ,fl%q :.fl.$fi$,%fi 0-/w:fi=fi=$y$h201612$“fi =$fi,$ =$fi ,%;$fi$fifi fl$fi|;%;3fl!fl=;
7、$=$fifi,fifi=$fl;$=$ flfi)fifi“fi+”,fi+fiflfi+yI flfi+$ fififlfi+fifi (fi+flfi+ Kfifi+vfi+fl3)“$,flfifi20%fi,4Afi|;Sfi$WiFi$flfifi l17,fl $12.7flz$,%$ fl2.5flz$qflBfl%hfi fi,fi;K,fifififl$,%w:%fifl=fi=$y$h50%40%30%20%10%0%0500010000150002012201320142015w:%fifl=fi=$y$h2016 :16$ +631.30fly, fi29.1% (y
8、)flMfi100%80%60%40%20%0%flfi fififi DfiKfiflfififlfi fifi fifi fifi :15-16$+39$flfif l20152016: :) -60,. $flfl$9;2:yU3$rfiDV5,$nCAGRfi6.7%1.3%,17y(fi913y/f 75753y/f,fl$|;3)$,) fifl5 :08-15fi$finfifl$, 9$fl2.2 $yA,fifinfln $ (y) n $ ?0%-20%10%-10% 20%50%40%30%20082009201020112012201320142015Y fi fifi
9、n9$ flKfi%fl2015$6 2020$fi $fi (%)fifi91(5) fi91(5)401.34641.509.92.3 fi91(5)1.171.505.1fi9 0)(fly)4.137.0011.2fi9fi(fly)1.012.0014.7fi9 3 L;(%) 10.812.00-13:fi9 fi $y$*:” 0” 0:2020, fi9fiflfi675,fi9K2fly,fi9 0)7flyN2018$ fi%0)5.98fly,fl fi13%;fifi9 fi10.8%13%;) fi911.42 5,fi90)1273By,y fi 1.4%2.5%;
10、 fi911.345, fi4.5%;yfl1.8fly, fi20%N2015$fi$fi (%)2015$fl9fl(%)fi9 0)(fly)2.5104.13165(5)331040121: fifi9 fifi91 $9(5/)2.331301555,fifi90)5.05fly,y fifi90)(fly)2.1113.42163) fi91(5)1.3231.34102) fi91(fl5)568085689100) fi91(fl5)25734.52599101fi980)(By)58051136.5196 fi91(fl5)8800911700133$/ (fl)14504.
11、72798193:=”fi 0fl92016$2018$2017$fi%fl9fifi91() fi91()1.371.38) fi91.391.42 fi91()1.261.2212.651.311.345fi90)(fly)4.554.695.005.400.06fifi90)3.803.904.575.05fi90)1210.001200.001234.001273.00fi9(fly)1.301.501.501.80fi%fi% fl943.8044.4048.0050.0155.00(fly)(By)1.2013:fi9 fi $y$*13:fi9 fi $y$*:”%5fi%fif
12、l9.flfi: 7+,.$fi fi $fl: fi . . fi 17fifiIfi50A, fl$fi12.8%; CAGR 12.0%fYA:K:Wind fi $y$27K:Wind fi $y$2 :($ )7K: fi $y$27K: fi $y$210%10%12%13%7%9%6%4%9%7%5%4%37%36%32%30%16%22%21%0%100% 2010201120122013201420152016G FfiV$fi9 W flX 1fl+$fi T*$9X%fl605040302010020072008200920102011201220132014201520
13、162017 : fi $ $CAGRfi12.0%fifiIA(A)fl-5%10% 50%5%0%25%20%15%4030201002010 2011 2012 2013 2014 20157K:Wind fi $y$ 2 :fl$fi$ $CAGR11.0%fiIK:Wind fi $y$2 : bdfid Jd8%6%4%2%0%-2%-4%1.401.351.301.251.202008200920102011201220132014201520162017 : $ $CAGR0.5%)#I7(A)fl25%20%15%10%5%0%0.00.530%1.525%20%1.015%
14、10%5%0%20072008200920102011201220132014201520162017 : $ $CAGRfi12.3%#I7(A)fl1fi : ) fi+ $q, $ $ 10% : . . $ fiA:fiz( , fl fi23$ : . . $ :. $ 5 fi,$ fifl )+:. fi ,$,3 fl fl:. fi ;, ( 2fl:3, 0 flfi fl :1flfl 7Cfi=;qflKB&Q2017.1.151$flfiflfifi) w$fiF:Q2016.2.1fififi$fi8fiflxfi,fi fiflfl1.6fly;ififlSfl
15、eflflA#,fi ABL38;Vfl$310(B $fiflxfiw$fifi16y;fi ABL21; fiflL8000yQ=2015.3.20Q2012.11.1w$fl2011.4.20fi w$flw$fifi18yfiflflfi$fiflKfifi; ABfi18;fifi fiflfi5000y x:$Bm7fi7$y$gx:7fi7$y$gx:7fi7$y$g 7?:2D 3flfi)5,?$ fi?L$:+ fiflfi700y,%$40%Ofl;, fi fl1500$ffl,+fi fi300$f,$flfifl3: p fi$,+25$ Efifl fl80%;+
16、fi Bn$ fl $ Etfiflfi fifl$80%fi,$flfi$fiH:fl 7:17Sfi A80y,flLfi32%,$fi w$ffifl;fiw$:4$147$ofifluflifi, Sz-fl fi fi fiflw$,Sfififi, fifl ; 7:162$fiwB$fiy, fi;300$fi:2015$fi 7!I $fl9fl;32%40%30%20%10%0%-10%50001500100019851987198919911993199519971999200120032005200720092011201320152017E2019E2021E2023E
17、2025E A(y)flL32%16%14%8%10%12%8%flfl fi$ $fly$A$%y !fi:$ ) fi fi,($ ) fifl*flfi:17$ zN).fifiy 5fi66%.44%y158.25,flzfi$,xR5fflflflflflflT24fi: fl fl4C; pCqm3ffi5fifi pP$fiY,N)$K5fifi,(fl$:fiflfi,$ fi$xN)fl$?;fifl$fi,fij$ffizz-,fi$f15.05yNfif51%,tfifi$gY(176$30$,fi)f;fi1;! fi,gYu$,f01$ 2fi;fi,fifi$ ;f
18、ififfi :17$ ) #157.64,fl fi65.6% :17$# ! fi,9.11,fl fi70.6%Qi:zz-&fi&$y$G100%80%60%40%20%0%0501001502002008 2009 2010 2011 2012 2013 2014 2015 2016 2017$ 2zN(y) zN5fifi(y)fi5120%100%80%60%40%20%0%-20%-40%70605040302010020122013201420152016Qi:zz-&fi&$y$G2017CzN(y) zN5Cfi(y)fi5A!=:17$fi$- ,1Qflfi fiRe
19、vPAR (3C $)OCC(fl)ADR( fi$fl)X16.17$A!8;-y$38;?:Wind fi $30%20%10%0%-10%-20%-30%20072008200920102011201220132014201520162017OCCADRRevPar500040003000200010000200520062007200820092010201120122013201420152016fi #; yfl(y) & : A! E y$38;?:STR fi $y$316%50%14%40%12%30%10%20%8%10%6%0%4%-10%2%-20%0%2011 201
20、2 2013 2014 2015 2016 2017Zfi& I&= 5:$= Hfi+G,$0= Dfl$A)= fi,Hfi+G:17fi$Cd435963,fl%fi48.9%, Z % q15-16 JLD,O fifl6flfi4fiflR,18$fiMy Tfi21.0%11.9% 11.7%,CR344.5%q$0= .71fiflfl,$fiflflfl:fid4fiflWfifilf$,$SdEK:nY fi $y$7 :; = $?EK: fi $y$7EK:z;nY fi $y$7 I:4fifiy 17CR3CR10201534.30%54.90%201636.50%5
21、8.90%201744.10%58.20%201844.51%67.19%0%50%100%4000030000200001000002000200120022003200420052006200720082009201020112012201320142015201620174fl fi9.8%,$fi#afi =cfi$Sd4,4fifi( )$ Sd4fly fi22.7%20.6%13.6%q :$= B fi &$ := B$f i5fiB$fi4%22.70%20.60%13.55%30%20%10%0%400030002000100009.79%4fifi( )EK:z;nY f
22、i $y$7 : $= B $0= f lefl$ fifl:%fi fi $,fl # 2014201520162017Q12017Q22017Q32017Q4%fi$26753110931095107710671055 701169247755009522054365639 fl72.4%76.1%81.4%82.1%82.9%83.6%84.2% !fi$ 532824915104311961262 937103438213909397640244289$ fl0.5%1.4%14.0%15.0%16.6%18.4%22.7%OCC(%)80.6%76.9%75.7%71.5%79.8%
23、83.8%77.1%ADR182.42183.65184.84180.07188.26197.53191RevPar147.05141.17139.83128.82150.27165.49147 fi968222358686104629765036694fi$9149299599549429421070 1695199322882293237124482484 fl65.0%68.2%70.5%70.6%67.0%72.2%69.9% !fi$ 41121220228254294406 2568279229472926294429502973$ fl1.6%4.1%6.8%7.0%7.2%8.
24、7%11.5%OCC(%)83.6%83.2%86.1%81.8%86.1%89.5%83.7%ADR165162174162174188177RevPar138134150133150168148 fi2609292232473247331333903554flfi$611616624620686684671 1384214726452716285529723075 fl69.4%77.7%80.9%81.4%80.6%81.3%82.1% !fi$ 176310456484648717772 1819245328132852289329392974$ fl8.8%11.2%13.9%14.
25、5%18.3%19.6%20.6%OCC(%)89.0%85.3%84.9%87.0%93.0%96.0%88.0%ADR179179185175189202196RevPar159153157151175193172 fi1995276332693336354136563746 :zz fi $y$ :$ # fl . $. fifl+-/:STRWIND, fi $y$1 flfi:fi( 1 , fi1 fifi !:($1 $ fi&fi $fi+ -/:BloombergSTR fi $ y$2006200720082009201020112012201320142015201620
26、17GDP 5.8%4.5%1.7%-2.0%3.8%3.7%4.1%3.3%4.4%4.0%2.8%2.3%RevPAR 7.59%6.18%-1.73%-16.56%5.14%8.13%6.73%5.40%8.14%5.91%3.20%3.00%fi6.24%7.17%-1.13%-13.12%3.85%8.31%5.17%6.26%4.78%6.13%2.95%fiKG8.90%6.92%-10.79%-26.08%7.64%15.54%6.43%12.36%2.44%16.23%6.78%;C%F JL23.6%-26.6%-45.9%75.0%48.3%-7.2%29.1%32.2%
27、23.2%-12.7%18.6%47%I C%+JL!22.56%-27.86%-62.92%61.30%41.03%-15.19%9.37%24.28%27.89%-27.89%17.64%1.71%10%5%0%-5%-10%-15%-20%1996199820002002200420062008201020122014201610%5%0%-5%-10%-15%-20%+-/:STRWIND, fi $y$19961997199819992000200120022003200420052006200720082009201020112012201320142015201620171 ,q
28、&fl$:6C%: RevPARqfififi &fi,$,Revpar19977 20176GDPfi4.2%,C% Revparfi3.1%(fi2.7%), RevPAR 4fiGDP1.3 N1 , !fi :$20Revpar5 fi84fi,:E842N :( 1 &+ GDP3$:( 1 RevPar$flGDP fi fifl3OCC ADR RevPAR GDP RevPAR GDP ELR:zz&!fi!$y$=ELR:STR!fi!$y$= :2018$6!; fl!fi $fiflCo9 ,Aac,17 i F, f2.8%q,wfi,Afl8%fi,20181$ ,2
29、.7%,wfi,12.2%fi;$:20184fifi fl9fi650-700,fi ,700,fifi fl9450-550,$v)$fifl9Epfl1500-1800,W $v)o9p1.3flt,flYz5flto 9fl $flRevpar$,fiB fiCi wfiffi,fi, $flfi,Revpar$L2-3$A$gW fio9fiUfl-6-10%qfl5,Revpar1% |$4 L5%|,fi :2012-2018$1$ 6! $fiqfl : 6!.f lfi!%76!flfi: ,;$,fiB fi15%10%5%0%20132014201520162017wfi
30、fl, fl,fl6!A$flfifl9650- 700,700fl9450- 500S_fi65%-70%$y60%-70%$y40%-50%$y5755613983800006000040000200000o9fi E20%15%10%5%0%20122013201420152016ELR:hl!fi!$y$=201770t ?fio9fl$o9v)$fifi9ELR:hl!fi!$y$= :2012$6!; fi4fio9fio9,fl,:$ ,fi$q :17$ $ $ ,0$fi*.6:Wind fi $y$*.6:Wind fi $y$*40%20%0%-20%1500010000
31、500002009 2010 2011 2012 2013 2014 2015 2016 2017 ;7(fl) ; ;7(fl) ; 7(fl) .6:Wind fi $y$* :17$fl& $ , $ -50%2011201220132014201520162017fi $:2017$z$ fi;13051fl7,fl5 fi7.0%, ;LO1152.9Jy,fl fi5%X%$ ;fi5.1%, $02+!X& $:2017 ;.fi0.7,fl fi4.0%,18K2$ ;.fi1323fl 7,fl fi14.0%, 02X17;.fi0.61,fl fi10.6%, 02=Xf
32、l;17 02+!,17 ;$ I, fi,? %VT ;$ 8%K F23%X :17$ %,$ , fi$fifiMDH ; fiMD-) ; fiMDHfi; 100%50%0%40%30%20%10%0%-10%-20%5004003002001000 01020304050607080910111201027(fl7)7 VT 7(fl7)VT flz: fi, 20102011201220132014201520162017 )67.1685.29106.02107.72120.11123.30126.55122.78$fi(fi ) 79.24%26.98%24.31%1.60%
33、11.50%2.66%2.64%-2.98%$!fi(fi )30.4736.1641.2242.3745.3946.8038.7237.76 31.40%18.70%13.98%2.78%7.15%3.10%-17.26%-2.49% fi 10.3515.9321.530.0542.1783.7101.04120.30 33.49%53.89%34.98%39.78%40.32%98.48%20.58%19.19% fi 1.926.473.269.64512.077.1417.1610.1425.2116.558.4418.0374.420.4989.15fi -16.9821.4626
34、.5442.5957.9869.99 - 8.4826.42%13.1723.67%17.8460.47%29.8736.12%39.4820.72%46.46fi 4.525.225.5412.89$fi-43.817.9645.918.8647.9953.26 -4.80%4.54%10.99%fi$fi(fi ) 0.4155.74%0.22-46.90%0.3141.18%0.6197.27%0.44-27.23%0.4911.28%0.6021.27%0.34-43.28% fi 2.33 0.3193.50%0.4444.82%0.6239.89%0.8741.53%1.0924.
35、32%1.8771.69%2.1515.08%8.27%fi -0.120.481.061.642.042.42 -313%$fi-123%0.4754.38%0.5225.03%0.6218.52%0.64 -fi $fi(fi )-10.50%9.65%17.51%8.92%11.21%9.60%11.47%8.82%10.57%8.04%9.85%7.95%9.94%7.90%9.26%7.79%$!fi(fi ) fi 6.41%9.16%7.58%10.35%7.91%9.63%9.37%12.12%9.07%11.74%9.03%13.15%10.00%13.57%8.77%12.
36、03% fi 8.13%7.92%15.28%7.20%15.44%8.27%16.36%7.88%fi fi -8.77%11.23%8.81%12.18%7.71%14.35%14.89%16.75%14.11%15.78%18.00%16.46% fi 13.24%5.48%13.32%5.80%16.31%6.19%$fi10.30%7.21%11.15%6.36%10.24%5.57%10.41%fi $fi(fi ) fi 0.62%2.95%0.26%2.77%0.29%2.87%0.57%2.91%0.37%2.58%0.40%2.50%0.47%2.43%0.28%1.93%
37、0.68%2.22%fi fi $fi-3.99%1.08%3.84%1.14%3.53%1.28%2.74%1.20%fi$flZfififlfifl(fl10%fi), fi A$)Zfl6,fi3fis$,fi$e;1510$fl,fi$fi($& :fi,“s ,$fl6g,3$flffifl$f$fififfie,Zflfi$ fi,fi$fl fl1.3,fi#16%,Z fiflfi yflfififi$,Ffifl;:fifififlfi,18fi$3fl20-25%$fi, flfiXhf30%fi ;ty;fi20%fi; ,Ffifl$;y fl fififl:q$,fi
38、=fifififfi8$ fi$ ffie, 6fi, Zfififl$ ffi ,fifi3Efl$ffiZ,$;$ Zfi,fi%fififlnfifl$ fls$fi$flfl$flMflflfl,$=fifi$%Z, $fiEI=,fi:fifls =fifi ,OTAOTAfi$Vfi$, 6$fi$,fi;fi$flfiflflflfi,fifififiMP; qfiflfiZ;, flfi16%qffi,$,fiyflfi,; :K6fiyp ,fl;flMfifififiI,fifi$fl#fl: ,fi$q # fl,z:yfl,fi*.;fi $fl 36fi*18fi!
39、5$fiz+fi*4 2/fl%y flfi=3b;600054.SHfifiyfl000888.SZfifiA$002033.SZfiy000430.SZfi$603099.SHfi$fiw603199.SH4fiyzr=3b;603136.SH$zw000978.SZfiflfiyfiyf%fl3b;603869.SHfififiyf600749.SHfiy002159.SZwflb;300144.SZ$fifiyf600138.SH$fi002059.SZfifiyfl600706.SHcfifiyf000610.SZfiy600593.SH$fl_ fifi51%70%42%44%12
40、%63%44%Zi|:zz4.fi.$y$S:flz$flfi$fl:b;fiz 8fis, $fi Mfi70%51%44%63%,fiflM$fl:qvvfi3ffiQ,qfiyfifiQzfiyfi 3=b;fifififlfitfififl,fl$ fi$30$fi$,$4v1000y,%$uTI5TI2000yfi%28.3%,$yb;yflfl1%,$flfiyfl5$:fib;yd fififiyfifl$,fiv$:2017$9 fl fi $ flfi+5:WINDzz ;fi3 fi $y$% 3!:17$fl 3 fifl17$ 3!(fl$ )17$ 16$ 3!(fl
41、$ )16$ Lfi336.872.10%330.13.70%fifi227.0011.00%20510.00%B103.63.70%10012.30%fifl.Rffifi Cfi3Afifi1731,fifi xflfifl$ fl#x. ? 31377,flfl$fifl20183$flqfifiifiCfifi,$fl: A,;q flfl2018fiflflfifizflfi“yHfi,flfifi3ufl2022fiflflfififlflfi$17fi4 :fi201712$6fi$fi$hflfi$jfi;Jfi;30yqfiD2017flflfl$Aflflz,hfl;fif
42、ifi20183fiflflflfiflfififl4$fifi4fififi2019fi?kflfi$?kfl3fi2020fl$o 3fi,%32020$ofl4-5fi$%Ufi2fiq201910$yhfl$,$yfifi2018fiflflflflfl%; fi1200flffi9.5fl2018fiffiRflflfi,fififififiCfi3$fl;qfl201710$fiflfi;fl$1fiq201712$kfifl;fiflfl!fi_fi($fi$fiv$flfi$fi$fi 2fi2021$flfi fi$fifi4.5fi2022fi$fiflflfl%fi 20
43、0fl,flfifififl;fi$flfl20214fiflflfl3fi201712$6flfi3fi2020fifi flflfi1.5fi2018 : ; ,flfi .#$:WINDfiEfiE$y$ufl* ; $-fi 2017.4$flfifi,Ez/!fi2017.4$fi$qflfl$Rflfifl, z$tP$2017.6q0 2017.11fiqzjflfiqfl8flfl 2017.106$fi:sflfl$fi$zfi;TJ$+2018.10yfl$fl_zO,Jfifi;,Pzflfi-fi:20174$14zzME$z$fi$ZOZ(LfiZO2Z)fifl,Z
44、=Z$Zyfi; fiZ=(fi-fi)fifl 40%;2Zfifl$,z$z2Zfi$xZ/!fi: 20174$,z$fiflyQQ$fi,fivfiz$ $fi 6$6zE$zM,Q3Qz6 $fiflz,zfly%3 vfl0 :4flVflfiz$fififlEzfi,zfiflzqfififi20169$fi4flfiVz8Ftfizfiflfl :201710$20,Q=fi$z:s%fi310fizQ&d$z$,%$fiflfizfi$6k,fifl()4fi,:sfl$fi$+:20181$4,zzMR$%$zQ$fifiR100%$0fi$ Rfi$RfiRJfi$z14
45、478fl ,z$20%,zQ$fifi$R$qfifi$R,zfiqfi:2017$9&fl ; $fl:fi $, qfifi$fl:;fiq)fl,fi fififl;$ ,2017y,530y338y;#fiflfififl;$ y,356y162 y126yfi fl:18T$z,:gflrbfln=,A$;fi ,flfifi;“fi8$fi$ ,$;flfl“ H*95;OQ7!B2# y 26.3%57.5%31.1%-3.5%0.3%,fifiU#y 40.0%176.0%21.7%3.2%-17.9%W18$1Q .6fi:181“fi9flC fi&fiB 2)fi fiU.fiUy 277.05y (+21.4%)20.36y(27.8%)17.44y(+24.7%)W H*95;OQ7!fi fi U#y 61.5%34.6%25.7%-20.6%8.3%W:$ fiz17$.18$1Q -.7$02fi$ fi! fi$ fifiz/2017fl2017fl18Q1fl2017fl300144.SZ$fi(30.2414.4%10.6818.3%3.2231.5%11.0724.8%600138.
溫馨提示
- 1. 本站所有資源如無特殊說明,都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請下載最新的WinRAR軟件解壓。
- 2. 本站的文檔不包含任何第三方提供的附件圖紙等,如果需要附件,請聯(lián)系上傳者。文件的所有權益歸上傳用戶所有。
- 3. 本站RAR壓縮包中若帶圖紙,網(wǎng)頁內(nèi)容里面會有圖紙預覽,若沒有圖紙預覽就沒有圖紙。
- 4. 未經(jīng)權益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
- 5. 人人文庫網(wǎng)僅提供信息存儲空間,僅對用戶上傳內(nèi)容的表現(xiàn)方式做保護處理,對用戶上傳分享的文檔內(nèi)容本身不做任何修改或編輯,并不能對任何下載內(nèi)容負責。
- 6. 下載文件中如有侵權或不適當內(nèi)容,請與我們聯(lián)系,我們立即糾正。
- 7. 本站不保證下載資源的準確性、安全性和完整性, 同時也不承擔用戶因使用這些下載資源對自己和他人造成任何形式的傷害或損失。
最新文檔
- 旅游酒店項目策劃方案
- 葡萄酒生產(chǎn)企業(yè)生產(chǎn)現(xiàn)場類隱患排查項目清單、基礎管理類隱患排查項目清單
- 酒廠傳統(tǒng)營銷方案
- 淺析債務加入概念、類型、契約
- 統(tǒng)編版2024-2025學年四年級語文上冊期中素養(yǎng)測評基礎卷 (含答案)
- 福建省漳州市華安縣第一中學2024-2025學年高三上學期10月期中聯(lián)考數(shù)學試題(含答案)
- 遼寧行政職業(yè)能力模擬65
- 安徽申論B類模擬67
- 關于成立文創(chuàng)公司商業(yè)計劃書
- 地方公務員廣東申論256
- 四位數(shù)乘四位數(shù)乘法題500道
- 數(shù)學物理方法
- 混凝土的熱工計算
- 文明之痕:流行病與公共衛(wèi)生智慧樹知到答案章節(jié)測試2023年四川大學
- 藥品采購供應及藥品儲備情況
- 鐵路工程施工單位各崗位職責
- 臍帶干細胞存儲項目合作協(xié)議書
- 德育工作基地方案總結
- 班組長交接班培訓課件
- 2023年湖南金葉煙草薄片有限責任公司招聘筆試題庫及答案解析
- GB/T 35626-2017室外照明干擾光限制規(guī)范
評論
0/150
提交評論