中信建投:回调不改中期紧张平衡 看好国产燃机出海

2026-07-08 · 涨8配资

жүӢжңәжҹҘзңӢиҙўз»Ҹеҝ«и®Ҝ дёҖжүӢжҺҢжҸЎеёӮеңәи„үжҗҸ гҖҖгҖҖ дёӯдҝЎе»әжҠ• з ”жҠҘиЎЁзӨәпјҢеқҡе®ҡзңӢеҘҪеӣҪдә§зҮғжңәеҮәжө·гҖӮйңҖжұӮз«ҜпјҡиҘҝй—ЁеӯҗиғҪжәҗжңҖж–°з”өиҜқдјҡ继з»ӯејәеҢ–зҮғжңәй«

жүӢжңәжҹҘзңӢиҙўз»Ҹеҝ«и®Ҝ

дёҖжүӢжҺҢжҸЎеёӮеңәи„үжҗҸ

гҖҖгҖҖ дёӯдҝЎе»әжҠ• з ”жҠҘиЎЁзӨәпјҢеқҡе®ҡзңӢеҘҪеӣҪдә§зҮғжңәеҮәжө·гҖӮйңҖжұӮз«ҜпјҡиҘҝй—ЁеӯҗиғҪжәҗжңҖж–°з”өиҜқдјҡ继з»ӯејәеҢ–зҮғжңәй«ҳжҷҜж°”пјҢе…¬еҸёе°ҶжңӘжқҘеҮ е№ҙзҮғжңәиЎҢдёҡе№ҙеқҮйңҖжұӮдёҠдҝ®иҮізәҰ110вҖ”120GWпјҲеҺҹ90вҖ”100GWпјүпјҢжҳҺзЎ®иЎЁзӨәзӣ®еүҚжІЎжңүзңӢеҲ°йңҖжұӮж”ҫзј“гҖӮдҫӣз»ҷз«Ҝпјҡе…¬еҸёиЎЁзӨәеҪ“еүҚдёҡеҶ…дјҒдёҡжү©дә§иЎҢдёәйқһеёёзҗҶжҖ§пјҢе·ҘдёҡеһӢзҮғж°”иҪ®жңәзҡ„жү©дә§е№¶дёҚиғҪж”№еҸҳеёӮеңәзҡ„дҫӣйңҖеӨұиЎЎпјҢдёӯй•ҝжңҹз»ҙеәҰжқҘзңӢпјҢеҪ“е®№йҮҸгҖҒж•ҲзҺҮе’Ңе…Ёз”ҹе‘Ҫе‘ЁжңҹжҲҗжң¬жҜ”зҹӯжңҹеҸҜиҺ·еҫ—жҖ§жӣҙйҮҚиҰҒж—¶пјҢе·ҘдёҡжҖ§зҮғж°”иҪ®жңәж— жі•жӣҝд»ЈеӨ§еһӢзҮғжңәгҖӮжӯӨеӨ–пјҢе…¬еҸёжҳҺзЎ®жҢҮеҮәеңЁ ж•°жҚ®дёӯеҝғ дёҺи¶…еӨ§и§„жЁЎдә‘еҺӮе•ҶйЎ№зӣ®дёӯзҹӯдәӨжңҹдёә зЁҖзјәиө„жәҗ пјҢзҹӯдәӨжңҹиғҪиҺ·еҫ—жӣҙй«ҳзҡ„жәўд»·гҖӮ дёӯдҝЎе»әжҠ• и®Өдёәпјҡеӣһи°ғдёҚж”№зҮғжңәдёӯжңҹзҙ§еј е№іиЎЎгҖӮзҹӯжңҹеёӮеңәеҸҜиғҪдәӨжҳ“и®ўеҚ•иҠӮеҘҸе’Ңжө·еӨ–дҫӣз»ҷжү©еј пјҢдҪҶдә§дёҡеұӮйқўзңҹжӯЈзЁҖзјәзҡ„д»ҚжҳҜ2028е№ҙвҖ”2030е№ҙзҡ„зҮғжңәдә§иғҪе’ҢдәӨд»ҳиғҪеҠӣгҖӮдё”еӣҪдә§зҮғжңәжң¬иә«е°ұжҳҜзҹӯдәӨжңҹдә§иғҪиЎҘе……пјҢеҜ№еӣҪеҶ…зҮғжңәй“ҫжқҘиҜҙпјҢжө·еӨ–иҝӣе…Ҙдёҡз»©жңҹжңүжңӣжӯҘе…ҘдёҠиЎҢз©әй—ҙпјҢеұ•зҺ°жҢҒз»ӯжҺҘеҚ•иғҪеҠӣзҡ„е…¬еҸёжңүжңӣи„ұйў–иҖҢеҮәгҖӮ

гҖҖгҖҖ дёӯдҝЎе»әжҠ• пјҡ зү№ж–ҜжӢү дәәеҪў жңәеҷЁдәә иҝҲеҗ‘йҮҸдә§пјҢиҘҝй—ЁеӯҗдёҠдҝ®зҮғж°”иҪ®жңәйңҖжұӮйў„жөӢ

гҖҖгҖҖ пјҲ1пјүдәәеҪў жңәеҷЁдәә пјҡдәәеҪў жңәеҷЁдәә иҫ№йҷ…еӮ¬еҢ–дёҚж–ӯпјҢ зү№ж–ҜжӢү дәәеҪўжңәеҷЁдәә иҝҲеҗ‘йҮҸдә§пјҢзңӢеҘҪжқҝеқ—жҢҒз»ӯжҖ§гҖӮпјҲ2пјүAIDCеҸ‘з”өи®ҫеӨҮпјҡиЎҢдёҡд»ҚеӨ„дҫӣйңҖеӨұиЎЎпјҢеқҡе®ҡзңӢеҘҪеӣҪдә§зҮғжңәеҮәжө·гҖӮпјҲ3пјү е·ҘзЁӢжңәжў° пјҡйў„и®Ў6жңҲжҢ–жңәеҶ…еӨ–й”Җз»ҙжҢҒеўһй•ҝпјҢдҪҺдҪҚеқҡе®ҡеёғеұҖгҖӮпјҲ4пјү еҚҠеҜјдҪ“ и®ҫеӨҮпјҡе…Ёзҗғ еҚҠеҜјдҪ“ и®ҫеӨҮиҝӣе…ҘеӨ§е‘ЁжңҹпјҢе…іжіЁж¶Ёд»·+еҮәжө·гҖӮпјҲ5пјү й”Ӯ з”өи®ҫеӨҮпјҡ第дәҢеўһй•ҝжӣІзәҝиөӢиғҪпјҢ й”Ӯ з”өиЈ…еӨҮиҝҲе…ҘжҲҗй•ҝж–°йҳ¶ж®өгҖӮ

гҖҖгҖҖ дәәеҪўжңәеҷЁдәә пјҡ дәәеҪўжңәеҷЁдәә иҫ№йҷ…еӮ¬еҢ–дёҚж–ӯпјҢзңӢеҘҪжқҝеқ—жҢҒз»ӯжҖ§гҖӮзү©зҗҶAIжҳҜ дәәе·ҘжҷәиғҪ зҡ„дёӢдёҖжіўжөӘжҪ®пјҢ жңәеҷЁдәә жҳҜAIжңҖеҘҪзҡ„зү©зҗҶиҪҪдҪ“д№ӢдёҖпјҢдә§дёҡеҸ‘еұ•и¶ӢеҠҝжҳҺзЎ®гҖӮеӨҙйғЁеҺӮе•Ҷз§ҜжһҒжҺЁиҝӣдәәеҪў жңәеҷЁдәә еңЁе·ҘдёҡгҖҒе•ҶдёҡзӯүеңәжҷҜдёӢзҡ„еә”з”ЁпјӣйҡҸзқҖ жңәеҷЁдәә жіӣеҢ–ж°ҙе№іжҸҗй«ҳпјҢйў„и®Ўе…¶иҗҪең°еңәжҷҜе°ҶиҝӣдёҖжӯҘжү©еӨ§пјҢ2026е№ҙжңүжңӣжҲҗдёәдәәеҪўжңәеҷЁдәәеһӮзұ»еә”з”ЁеӨ§е№ҙгҖӮйҫҷеӨҙйҮҸдә§жңүеәҸжҺЁиҝӣпјҢдё”дҫӣеә”й“ҫйҮҸдә§йҮҸзәІжҢҮеј•йҖҗжӯҘжё…жҷ°пјҢе…¶ж”ҫйҮҸиҠӮеҘҸеҫ—д»ҘйӘҢиҜҒгҖӮеҗҺз»ӯV3дә§е“ҒеҸ‘еёғгҖҒйҮҸдә§еә”з”ЁеҖјеҫ—еҜҶеҲҮе…іжіЁгҖӮжӯӨеӨ–еӣҪдә§жңәеҷЁдәәе…¬еҸёж–°е“ҒеҸ‘еёғгҖҒIPOжҺЁиҝӣгҖҒеә”з”ЁиҗҪең°жҢҒз»ӯдёәжқҝеқ—иЎҢжғ…еёҰжқҘеӮ¬еҢ–пјҢзңӢеҘҪжқҝеқ—иЎҢжғ…иЎЁзҺ°пјҢе»әи®®иҒҡз„ҰдјҳиҙЁзҺҜиҠӮгҖӮ

гҖҖгҖҖAIDCеҸ‘з”өи®ҫеӨҮпјҡеқҡе®ҡзңӢеҘҪеӣҪдә§зҮғжңәеҮәжө·гҖӮйңҖжұӮз«ҜпјҡиҘҝй—ЁеӯҗиғҪжәҗжңҖж–°з”өиҜқдјҡ继з»ӯејәеҢ–зҮғжңәй«ҳжҷҜж°”пјҢе…¬еҸёе°ҶжңӘжқҘеҮ е№ҙзҮғжңәиЎҢдёҡе№ҙеқҮйңҖжұӮдёҠдҝ®иҮізәҰ110-120GWпјҲеҺҹ90-100GW)пјҢжҳҺзЎ®иЎЁзӨәзӣ®еүҚжІЎжңүзңӢеҲ°йңҖжұӮж”ҫзј“гҖӮдҫӣз»ҷз«Ҝпјҡе…¬еҸёиЎЁзӨәеҪ“еүҚдёҡеҶ…дјҒдёҡжү©дә§иЎҢдёәйқһеёёзҗҶжҖ§пјҢе·ҘдёҡеһӢзҮғж°”иҪ®жңәзҡ„жү©дә§е№¶дёҚиғҪж”№еҸҳеёӮеңәзҡ„дҫӣйңҖеӨұиЎЎпјҢдёӯй•ҝжңҹз»ҙеәҰжқҘзңӢпјҢеҪ“е®№йҮҸгҖҒж•ҲзҺҮе’Ңе…Ёз”ҹе‘Ҫе‘ЁжңҹжҲҗжң¬жҜ”зҹӯжңҹеҸҜиҺ·еҫ—жҖ§жӣҙйҮҚиҰҒж—¶пјҢе·ҘдёҡжҖ§зҮғж°”иҪ®жңәж— жі•жӣҝд»ЈеӨ§еһӢзҮғжңәгҖӮжӯӨеӨ–пјҢе…¬еҸёжҳҺзЎ®жҢҮеҮәеңЁ ж•°жҚ®дёӯеҝғ дёҺи¶…еӨ§и§„жЁЎдә‘еҺӮе•ҶйЎ№зӣ®дёӯзҹӯдәӨжңҹдёә зЁҖзјәиө„жәҗ пјҢзҹӯдәӨжңҹиғҪиҺ·еҫ—жӣҙй«ҳзҡ„жәўд»·гҖӮжҲ‘们и®Өдёәпјҡеӣһи°ғдёҚж”№зҮғжңәдёӯжңҹзҙ§еј е№іиЎЎгҖӮзҹӯжңҹеёӮеңәеҸҜиғҪдәӨжҳ“и®ўеҚ•иҠӮеҘҸе’Ңжө·еӨ–дҫӣз»ҷжү©еј пјҢдҪҶдә§дёҡеұӮйқўзңҹжӯЈзЁҖзјәзҡ„д»ҚжҳҜ2028-2030е№ҙзҡ„зҮғжңәдә§иғҪе’ҢдәӨд»ҳиғҪеҠӣгҖӮдё”еӣҪдә§зҮғжңәжң¬иә«е°ұжҳҜзҹӯдәӨжңҹдә§иғҪиЎҘе……пјҢеҜ№еӣҪеҶ…зҮғжңәй“ҫжқҘиҜҙпјҢжө·еӨ–иҝӣе…Ҙдёҡз»©жңҹжңүжңӣжӯҘе…ҘдёҠиЎҢз©әй—ҙпјҢеұ•зҺ°жҢҒз»ӯжҺҘеҚ•иғҪеҠӣзҡ„е…¬еҸёжңүжңӣи„ұйў–иҖҢеҮәгҖӮ

гҖҖгҖҖ е·ҘзЁӢжңәжў° :йў„и®Ў6жңҲжҢ–жңәеҶ…еӨ–й”Җз»ҙжҢҒеўһй•ҝпјҢдҪҺдҪҚеқҡе®ҡеёғеұҖгҖӮ 2026е№ҙ5жңҲй”Җе”®еҗ„зұ»жҢ–жҺҳжңә24794еҸ°пјҢеҗҢжҜ”еўһй•ҝ36.2%гҖӮе…¶дёӯпјҡеӣҪеҶ…й”ҖйҮҸ11628еҸ°пјҢеҗҢжҜ”еўһй•ҝ38.6%пјӣеҮәеҸЈ13166еҸ°пјҢеҗҢжҜ”еўһй•ҝ34.2%гҖӮеӣҪеҶ…гҖҒеӨ–еўһйҖҹжҸҗйҖҹпјҢд»Ҡе№ҙжҢ–жңәеҶ…й”Җе‘ҲзҺ°иҫғдёәжҳҺжҳҫзҡ„ж—әеӯЈеҗҺ移пјҢеӣ дёәд»Ҡе№ҙжҳҘиҠӮзӣёжҜ”еҺ»е№ҙиҫғжҷҡпјҢеӣҪеҶ…жҢ–жңәиҮӘ3жңҲд»ҘжқҘжҒўеӨҚиҫғй«ҳзҡ„еҗҢжҜ”жӯЈеўһй•ҝпјҢйў„и®ЎеҗҺз»ӯе°Ҷ继з»ӯз»ҙжҢҒеўһй•ҝгҖӮеҮәеҸЈз»ҙжҢҒиҫғејәиЎЁзҺ°пјҢ并жңӘеҸ—еӣҪйҷ…еҪўеҠҝгҖҒе…ізЁҺеҸҳеҢ–гҖҒйҷҚжҒҜзӯүжү°еҠЁпјҢдёӯеӣҪ е·ҘзЁӢжңәжў° й«ҳеўһжҖҒеҠҝдҫқж—§з»ҙжҢҒгҖӮеӣҪеҶ…ж јеұҖж”№е–„пјҢеӨҙйғЁдјҒдёҡејҖе§Ӣж¶Ёд»·гҖӮ5жңҲ1ж—Ҙиө·пјҢдёүдёҖгҖҒеҫҗе·ҘгҖҒ жҹіе·Ҙ гҖҒеұұжҺЁзӯүе…¬еҸёе®ЈеёғеҜ№жҢ–жңәиҝӣиЎҢзәҰ5%зҡ„ж¶Ёд»·пјҢдёүдёҖгҖҒеҫҗе·ҘеҜ№иө·йҮҚжңәдә§е“Ғд№ҹиҝӣиЎҢж¶Ёд»·пјҢеҸҚжҳ е№ҙеҲқд»ҘжқҘзҡ„иЎҢдёҡд»·ж јжҲҳи¶Ӣзј“пјҢиҪ¬еҗ‘иүҜжҖ§еҸ‘еұ•гҖӮ

гҖҖгҖҖ еҚҠеҜјдҪ“ и®ҫеӨҮпјҡе…ЁзҗғжҷҜж°”е‘ЁжңҹжҢҒз»ӯзЎ®и®ӨпјҢе…іжіЁж¶Ёд»·+еҮәжө·гҖӮSEMIдёҠдҝ®е…Ёе№ҙйў„жңҹгҖҒжө·еҠӣеЈ«2034е№ҙдә§иғҪзҝ»дёүеҖҚпјҢе…ЁзҗғеҚҠеҜјдҪ“жҷҜж°”е‘ЁжңҹжҢҒз»ӯзЎ®з«ӢгҖӮSEMIдәҺ6жңҲ11ж—ҘеҸ‘еёғжҠҘе‘ҠпјҢе°Ҷ2026е№ҙе…ЁзҗғеүҚж®ө еҚҠеҜјдҪ“и®ҫеӨҮ еёӮеңә规模еўһйҖҹйў„жңҹд»ҺжӯӨеүҚзҡ„16.5%еӨ§е№…дёҠи°ғиҮі23.5%пјҢиҫҫ1522дәҝзҫҺе…ғгҖӮQ1е…Ёзҗғ еҚҠеҜјдҪ“и®ҫеӨҮ еҮәиҙ§йўқиҫҫ365.5дәҝзҫҺе…ғпјҢеҗҢжҜ”+14%пјҢеҲӣдёӢеҺҶеҸІеҚ•еӯЈеәҰж–°й«ҳгҖӮжң¬жңҲеҲқе…¬еёғ SKжө·еҠӣеЈ« дә”е№ҙдә§иғҪзҝ»еҖҚзҡ„и®ЎеҲ’еҗҺпјҢSKйӣҶеӣўдјҡй•ҝеҙ”жі°жәҗиҝ‘ж—ҘеҸ—и®ҝж—¶иҝӣдёҖжӯҘйҖҸйңІпјҢеҰӮжһңжүҖжңүе»әи®ҫи®ЎеҲ’жҢүйў„жңҹжҺЁиҝӣпјҢйӮЈжө·еҠӣеЈ«зҡ„дә§иғҪеҲ°2034е№ҙе°ҶжҳҜеҪ“еүҚзҡ„дёүеҖҚгҖӮйӣ¶йғЁд»¶зҺҜиҠӮжҳҜжң¬иҪ®иЎҢжғ…еј№жҖ§жңҖеӨ§зҡ„ж–№еҗ‘гҖӮе…Ёзҗғ еҚҠеҜјдҪ“и®ҫеӨҮ йӣ¶йғЁд»¶жӯЈз»ҸеҺҶдёҖиҪ®еҺҶеҸІзҪ•и§Ғзҡ„е…Ёй“ҫжқЎж¶Ёд»·жҪ®гҖӮеҚҠеҜјдҪ“дә§дёҡй“ҫзҡ„е®ҡд»·жқғжӯЈд»ҺиҠҜзүҮз»Ҳз«Ҝеҗ‘и®ҫеӨҮдёҺйӣ¶йғЁд»¶зҺҜиҠӮз»“жһ„жҖ§дёҠ移гҖӮйӣ¶йғЁд»¶дјҒдёҡ规模иҫғе°ҸгҖҒеӣәе®ҡжҲҗжң¬еҚ жҜ”й«ҳпјҢж¶Ёд»·зӣҙжҺҘиҪ¬еҢ–дёәеҲ©ж¶ҰпјӣеҗҢж—¶дә§зәҝжү©дә§е‘Ёжңҹй•ҝиҫҫ12-18дёӘжңҲпјҢдҫӣз»ҷеј№жҖ§жңҖе·®гҖӮйҮҚи§ҶйҳҖй—Ёз®Ўи·ҜгҖҒйҷ¶з“·д»¶гҖҒе°„йў‘з”өжәҗгҖҒGAS BOXзӯүжө·еӨ–дҫӣеә”е•ҶдәӨжңҹ延й•ҝеёҰжқҘзҡ„еӣҪдә§жӣҝд»ЈиҜүжұӮдёҺж¶Ёд»·йҖ»иҫ‘гҖӮ

гҖҖгҖҖ й”Ӯ з”өи®ҫеӨҮпјҡ第дәҢеўһй•ҝжӣІзәҝиөӢиғҪпјҢй”Ӯз”өиЈ…еӨҮиҝҲе…ҘжҲҗй•ҝж–°йҳ¶ж®өгҖӮдёәеҜ№еҶІе‘ЁжңҹжіўеҠЁпјҢй”Ӯз”өиЈ…еӨҮдјҒдёҡйҖҡиҝҮе№іеҸ°еҢ–гҖҒеӨҡе…ғеҢ–иҪ¬еһӢжү“йҖ 第дәҢеўһй•ҝжӣІзәҝдё”жҲҗж•ҲжҳҫзҺ°пјҢиҜҘиҪ¬еһӢе…·еӨҮеҸҢйҮҚд»·еҖјпјҡз»ҸиҗҘз«Ҝе№іж»‘дё»дёҡдёҡз»©жіўеҠЁпјҢж”№е–„зҺ°йҮ‘жөҒдёҺ收е…ҘиҙЁйҮҸпјӣдј°еҖјз«ҜжҺЁеҠЁдјҒдёҡз”ұвҖңе‘Ёжңҹзұ»й”Ӯз”өи®ҫеӨҮе•ҶвҖқйҮҚдј°дёәвҖңе№іеҸ°еһӢй«ҳз«ҜиЈ…еӨҮе•ҶвҖқпјҢе®һзҺ°дј°еҖјдёӯжһўдёҠ移гҖӮзӣ®еүҚиЎҢдёҡ第дәҢеўһй•ҝжӣІзәҝеҲҶдёәдёүеӨ§ж–№еҗ‘пјҡдёҖжҳҜеҹәдәҺиҮӘеҠЁеҢ–гҖҒзІҫеҜҶжҺ§еҲ¶зӯүйҖҡз”ЁжҠҖжңҜпјҢе°ҶжҲҗеҘ—и§ЈеҶіж–№жЎҲеӨ–жӢ“иҮіе…үдјҸгҖҒ3CгҖҒеҚҠеҜјдҪ“гҖҒжҷәиғҪ зү©жөҒ зӯүйқһй”Ӯз”өйўҶеҹҹпјӣдәҢжҳҜдҫқжүҳжҠҖжңҜдёҺжҲҗжң¬дјҳеҠҝеҮәжө·пјҢйҖҡиҝҮй…ҚеҘ—еӣҪеҶ…е®ўжҲ·еҮәжө·гҖҒжңҚеҠЎжө·еӨ– з”өжұ еҺӮе•ҶгҖҒжҗӯе»әжң¬ең°еҢ–жңҚеҠЎдҪ“зі»иҺ·еҸ–жө·еӨ–еўһйҮҸпјӣдёүжҳҜеүҚзһ»еёғеұҖй’ з”өжұ гҖҒ еӣәжҖҒз”өжұ гҖҒе№Іжі•з”өжһҒгҖҒзӯүйқҷеҺӢгҖҒ еӨҚеҗҲйӣҶжөҒдҪ“ зӯүж–°е·Ҙиүәй…ҚеҘ—и®ҫеӨҮпјҢеҚЎдҪҚжҠҖжңҜиҝӯд»ЈзәўеҲ©гҖӮй”Ӯз”өи®ҫеӨҮиЎҢдёҡжӯЈиҝҺжқҘе‘ЁжңҹеӨҚиӢҸ+жҲҗй•ҝжү©е®№еҸҢйҮҚзәўеҲ©пјҢжҠҖжңҜе№іеҸ°еҢ–иғҪеҠӣе·ІйӘҢиҜҒгҖҒеҸ еҠ ж–°жҠҖжңҜеёғеұҖжңҹжқғзҡ„й”Ӯз”өиЈ…еӨҮдјҒдёҡпјҢе…·еӨҮз©ҝи¶Ҡе‘ЁжңҹгҖҒдә«еҸ—иЎҢдёҡжү©е®№зҡ„й•ҝжңҹжҲҗй•ҝдёҺй…ҚзҪ®д»·еҖјгҖӮ

гҖҖгҖҖпјҲ1пјүеӣҪеҶ…е®Ҹи§Ӯз»ҸжөҺжіўеҠЁзҡ„йЈҺйҷ©пјҡжңәжў°жҳҜе…ёеһӢзҡ„дёӯжёёиө„жң¬е“ҒиЎҢдёҡпјҢжүҝдёҠеҗҜдёӢпјҢдёҺе®Ҹи§Ӯз»ҸжөҺжіўеҠЁеҜҶеҲҮзӣёе…іпјҢеҰӮжһңеӣҪеҶ…е®Ҹи§Ӯж”ҝзӯ–еҮәзҺ°йҮҚеӨ§иҪ¬еҗ‘пјҢеҠҝеҝ…дјҡеҪұе“Қжңәжў°иЎҢдёҡжҖ»дҪ“йңҖжұӮгҖӮ

гҖҖгҖҖпјҲ2пјүжө·еӨ–еёӮеңәжіўеҠЁзҡ„йЈҺйҷ©пјҡдёӯеӣҪдјҒдёҡеҮәжө·дёҚеҸҜиғҪдёҖеёҶйЈҺйЎәпјҢжңӘжқҘзҡ„еҫҒзЁӢеҠҝеҝ…дјҡеҮәзҺ°еҗ„з§Қеҗ„ж ·зҡ„ж‘©ж“ҰпјҢжҳҜйҳ¶ж®өжҖ§зҡ„е°ҸжҸ’жӣІиҝҳжҳҜж–°и¶ӢеҠҝеҪўжҲҗпјҢйңҖиҰҒе®Ўж…ҺеҲӨж–ӯгҖӮ

гҖҖгҖҖпјҲ3пјүдёӢжёёжү©дә§дёҚеҸҠйў„жңҹзҡ„йЈҺйҷ©пјҡиӢҘдёӢжёёиЎҢдёҡжү©дә§дёҚеҸҠйў„жңҹпјҢеҲҷзӣёеә”зҡ„и®ҫеӨҮйңҖжұӮе°ҶдјҡдёӢйҷҚпјҢдјҡеҜ№иЎҢдёҡеҶ…е…¬еҸёи®ўеҚ•гҖҒдёҡз»©зӯүйҖ жҲҗдёҚеҲ©еҪұе“ҚгҖӮ

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