{"id":1972,"date":"2025-01-24T05:12:19","date_gmt":"2025-01-24T05:12:19","guid":{"rendered":"https:\/\/tplaw.asia\/%e6%9c%aa%e5%88%86%e7%b1%bb\/%e6%b3%b0%e5%b9%b3%e8%a7%a3%e8%af%bb%ef%bd%9c%e6%b3%b0%e5%9b%bd%e8%b5%84%e6%9c%ac%e5%b8%82%e5%9c%ba%e4%b9%8b%e6%b3%b0%e5%9b%bd%e8%af%81%e4%ba%a4%e6%89%80%ef%bc%88set%ef%bc%89%e4%b8%8a%e5%b8%82\/"},"modified":"2025-01-24T05:12:19","modified_gmt":"2025-01-24T05:12:19","slug":"%e6%b3%b0%e5%b9%b3%e8%a7%a3%e8%af%bb%ef%bd%9c%e6%b3%b0%e5%9b%bd%e8%b5%84%e6%9c%ac%e5%b8%82%e5%9c%ba%e4%b9%8b%e6%b3%b0%e5%9b%bd%e8%af%81%e4%ba%a4%e6%89%80%ef%bc%88set%ef%bc%89%e4%b8%8a%e5%b8%82","status":"publish","type":"post","link":"https:\/\/tplaw.asia\/zh-hans\/legal-insights-cn\/%e6%b3%b0%e5%b9%b3%e8%a7%a3%e8%af%bb%ef%bd%9c%e6%b3%b0%e5%9b%bd%e8%b5%84%e6%9c%ac%e5%b8%82%e5%9c%ba%e4%b9%8b%e6%b3%b0%e5%9b%bd%e8%af%81%e4%ba%a4%e6%89%80%ef%bc%88set%ef%bc%89%e4%b8%8a%e5%b8%82\/","title":{"rendered":"\u6cf0\u5e73\u89e3\u8bfb\uff5c\u6cf0\u56fd\u8d44\u672c\u5e02\u573a\u4e4b\u6cf0\u56fd\u8bc1\u4ea4\u6240\uff08SET\uff09\u4e0a\u5e02\u6807\u51c6"},"content":{"rendered":"<h4 style=\"text-align: center;\"><strong>01<br \/>\n<\/strong><strong>\u7ecf\u8425\u4e00\u822c\u4e1a\u52a1\u516c\u53f8<\/strong><\/h4>\n<p><strong>\u7ecf\u8425\u4e00\u822c\u4e1a\u52a1\u516c\u53f8\u666e\u901a\u80a1\u6ce8\u518c\u4e0a\u5e02\u7684\u91cd\u8981\u6807\u51c6\u6458\u8981<\/strong><\/p>\n<p>\u5c06\u516c\u53f8\u666e\u901a\u80a1\u5728\u6cf0\u56fd\u8bc1\u5238\u4ea4\u6613\u6240\uff08SET\uff09\u53ca\u65b0\u751f\u80a1\u7968\u6295\u8d44\u5e02\u573a\uff08MAI\uff09\u4f5c\u4e3a\u4e0a\u5e02\u8bc1\u5238\u7684\u5ba1\u6279\u6807\u51c6\u5c06\u540c\u65f6\u5ba1\u6838\u8be5\u666e\u901a\u80a1\u53ca\u7533\u8bf7\u516c\u53f8\u7684\u8d44\u8d28\u5982\u4e0b\uff1a<\/p>\n<p>1. \u666e\u901a\u80a1\u8d44\u8d28<\/p>\n<ul>\n<li>\u6bcf\u80a1\u9762\u503c\uff08PAR\uff09\u4e0d\u4f4e\u4e8e\u6bcf\u80a1\u00a00.5 \u6cf0\u94e2\uff0c\u5e76\u4e14\u5df2\u5168\u989d\u652f\u4ed8\uff1b<\/li>\n<li>\u6ce8\u660e\u6301\u80a1\u4eba\u59d3\u540d\uff1b<\/li>\n<li>\u9664\u6cd5\u5f8b\u4e2d\u89c4\u5b9a\u7684\u9650\u5236\u5916\uff0c\u80a1\u4efd\u8f6c\u8ba9\u6ca1\u6709\u4efb\u4f55\u9650\u5236\uff0c\u5e76\u987b\u5199\u5165\u516c\u53f8\u89c4\u7ae0\u5236\u5ea6\u4e2d\u3002<\/li>\n<\/ul>\n<p>2. \u63d0\u4ea4\u7533\u8bf7\u516c\u53f8\u7684\u8d44\u683c<\/p>\n<table class=\"table\">\n<tbody>\n<tr>\n<td colspan=\"1\" rowspan=\"2\" align=\"center\" valign=\"top\"><strong>\u9879\u76ee<\/strong><\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"center\" valign=\"top\"><strong>\u8d44\u8d28<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"center\" valign=\"top\"><strong>\u6cf0\u56fd\u8bc1\u5238\u4ea4\u6613\u6240<\/strong><\/p>\n<p><strong>\uff08SET\uff09<\/strong><\/td>\n<td align=\"center\" valign=\"top\"><strong>\u6cf0\u56fd\u65b0\u751f\u80a1\u7968\u6295\u8d44\u5e02\u573a<\/strong><\/p>\n<p><strong>\uff08MAI\uff09<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u72b6\u6001<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\u5927\u4f17\u6709\u9650\u516c\u53f8\u6216\u4f9d\u6cf0\u56fd\u6cd5\u5f8b\u6210\u7acb\u7684\u4e13\u95e8\u6cd5\u4eba<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u5df2\u7f34\u6e05\u80a1\u8d44\u666e\u901a\u80a1\u00a0\uff08\u516c\u5f00\u53d1\u884c\u80a1\u7968\u540e\uff09<\/td>\n<td align=\"left\" valign=\"top\">\u22653 \u4ebf\u6cf0\u94e2<\/td>\n<td align=\"left\" valign=\"top\">\u22655 \u5343\u4e07\u6cf0\u94e2<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u8d22\u52a1\u72b6\u51b5\u53ca\u6d41\u52a8\u6027<\/td>\n<td align=\"left\" valign=\"top\">\n<ul>\n<li>\u80a1\u4e1c\u6301\u80a1\u90e8\u5206\u22653 \u4ebf\u6cf0\u94e2\u4e14\u516c\u5f00\u52df\u80a1 IPO \u4e4b\u524d\u80a1\u4e1c\u6301\u80a1\u90e8\u5206&gt;0<\/li>\n<\/ul>\n<ul>\n<li>\u8868\u660e\u5177\u6709\u7a33\u5b9a\u8d22\u52a1\u72b6\u51b5\u53ca\u5177\u5907\u5145\u8db3\u6d41\u52a8\u8d44\u91d1<\/li>\n<\/ul>\n<\/td>\n<td align=\"left\" valign=\"top\">\n<ul>\n<li>\u80a1\u4e1c\u6301\u80a1\u90e8\u5206\u22655 \u5343\u4e07\u6cf0\u94e2\u4e14\u516c\u5f00\u52df\u80a1 IPO \u4e4b\u524d\u80a1\u4e1c\u6301\u80a1\u90e8\u5206&gt;0<\/li>\n<\/ul>\n<ul>\n<li>\u8868\u660e\u5177\u6709\u7a33\u5b9a\u8d22\u52a1\u72b6\u51b5\u53ca\u5177\u5907\u5145\u8db3\u6d41\u52a8\u8d44\u91d1<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u4e1a\u7ee9\u6210\u679c<\/td>\n<td align=\"left\" valign=\"top\">\u5229\u6da6\u6d4b\u8bd5\u6807\u51c6\uff08Profit Test\uff09<\/p>\n<p>\u5fc5\u987b\u7b26\u5408\u4ee5\u4e0b\u7ecf\u8425\u4e1a\u7ee9\u6807\u51c6\uff0c\u4e14\u8be5\u4e1a\u7ee9\u5fc5\u987b\u6301\u7eed \u4fdd\u6301\u5230\u63a5\u53d7\u4f5c\u4e3a\u8bc1\u5238\u4e0a\u5e02\u901a\u77e5\u65e5\u4e4b\u65f6\uff1a<\/p>\n<ul>\n<li>\u5728\u63d0\u4ea4\u7533\u8bf7\u524d\uff0c\u5177\u6709\u22653 \u5e74\u7531\u8463\u4e8b\u7ecf\u624b \u7ba1\u7406\u7684\u8fde\u7eed\u7ecf\u8425\u4e1a\u7ee9\uff0c\u4e14\u5927\u90e8\u5206\u7ba1\u7406\u5c42 \u4e3a\u540c\u4e00\u7ec4\u9ad8\u7ba1\u6301\u7eed\u6027\u7ba1\u7406\u65f6\u95f4\u22651 \u5e74<\/li>\n<\/ul>\n<ul>\n<li>\u5728\u63d0\u4ea4\u7533\u8bf7\u524d\uff0c\u8fd1 2 \u5e74\u6216 3 \u5e74\u7684\u51c0\u5229\u6da6 \u989d\u22655 \u5343\u4e07\u6cf0\u94e2\uff0c\u5176\u4e2d\u5728\u63d0\u4ea4\u7533\u8bf7\u6700\u8fd1 \u4e00\u5e74\u7684\u51c0\u5229\u6da6\u989d\u4e3a\u22653 \u5343\u4e07\u6cf0\u94e2\uff0c\u5e76\u4e14 \u5728\u63d0\u4ea4\u7533\u8bf7\u524d\u671f\u95f4\u7d2f\u8ba1\u4e2d\u6709\u51c0\u5229\u6da6<\/li>\n<\/ul>\n<\/td>\n<td align=\"left\" valign=\"top\">\u5229\u6da6\u6d4b\u8bd5\u6807\u51c6\uff08Profit Test\uff09<\/p>\n<p>\u5fc5\u987b\u7b26\u5408\u4ee5\u4e0b\u7ecf\u8425\u4e1a\u7ee9\u6807\u51c6\uff0c\u4e14\u8be5\u4e1a\u7ee9\u5fc5\u987b\u6301\u7eed \u4fdd\u6301\u5230\u63a5\u53d7\u4f5c\u4e3a\u8bc1\u5238\u4e0a\u5e02\u901a\u77e5\u65e5\u4e4b\u65f6\uff1a<\/p>\n<ul>\n<li>\u5728\u63d0\u4ea4\u7533\u8bf7\u524d\uff0c\u5177\u6709\u22652 \u5e74\u7531\u8463\u4e8b\u7ecf\u624b \u7ba1\u7406\u7684\u8fde\u7eed\u7ecf\u8425\u4e1a\u7ee9\uff0c\u4e14\u5927\u90e8\u5206\u7ba1\u7406 \u5c42\u4e3a\u540c\u4e00\u7ec4\u9ad8\u7ba1\u6301\u7eed\u6027\u7ba1\u7406\u65f6\u95f4\u22651 \u5e74<\/li>\n<\/ul>\n<ul>\n<li>\u5728\u63d0\u4ea4\u7533\u8bf7\u6700\u8fd1\u4e00\u5e74\u7684\u51c0\u5229\u6da6\u989d\u4e3a\u22651 \u5343\u4e07\u6cf0\u94e2\uff0c\u5e76\u4e14\u5728\u63d0\u4ea4\u7533\u8bf7\u524d\u671f\u95f4\u7d2f \u8ba1\u4e2d\u6709\u51c0\u5229\u6da6<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"center\" valign=\"top\">\u5e02\u503c\u6807\u51c6 Market Cap*1<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u5c0f\u989d\u6301\u80a1\u5206\u914d* \uff08\u516c\u5f00\u53d1\u884c\u80a1\u7968\u540e\uff09<\/td>\n<td align=\"left\" valign=\"top\">\n<ul>\n<li>\u5c0f\u80a1\u4e1c\u6570\u91cf\u2265 1,000 \u540d<\/li>\n<\/ul>\n<ul>\n<li>\u6301\u80a1\u6bd4\u4f8b*2<\/li>\n<\/ul>\n<ul>\n<li>\u6301\u80a1\u603b\u6570 \u2265 \u5b9e\u7f34\u8d44\u672c\u91d1\u7684 25%\uff08\u6216 \u5982\u80a1\u4e1c\u5df2\u7f34\u8db3\u8d44\u672c \u2265 30 \u4ebf\u6cf0\u94e2\uff0c\u5219\u4e3a \u2265 20%\uff09<\/li>\n<\/ul>\n<ul>\n<li>\u00a0\u6bcf\u540d\u80a1\u4e1c\u5fc5\u987b\u6301\u6709\uf967\u5c11\u4e8e\u8bc1\u5238\u4ea4\u6613\u5e02\u573a\u89c4\u5b9a\u76841\u80a1\u80a1\u4efd<\/li>\n<\/ul>\n<\/td>\n<td align=\"left\" valign=\"top\">\n<ul>\n<li>\u00a0\u5c0f\u80a1\u4e1c\u6570\u91cf\u2265 300 \u540d<\/li>\n<\/ul>\n<ul>\n<li>\u6301\u80a1\u6bd4\u4f8b*2<\/li>\n<\/ul>\n<ul>\n<li>\u6301\u80a1\u603b\u6570 \u2265 \u5b9e\u7f34\u8d44\u672c\u91d1 25%\uff08\u6216\u5982\u80a1\u4e1c\u5df2\u7f34\u8db3\u8d44\u672c \u2265 30 \u4ebf\u6cf0\u94e2\uff0c\u5219\u4e3a\u2265 20%\uff09<\/li>\n<\/ul>\n<ul>\n<li>\u6bcf\u540d\u80a1\u4e1c\u5fc5\u987b\u6301\u6709\uf967\u5c11\u4e8e\u8bc1\u5238\u4ea4\u6613\u5e02\u573a\u89c4\u5b9a\u7684 1 \u80a1\u80a1\u4efd<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"2\" align=\"left\" valign=\"top\">\u5411\u516c\u4f17\u516c\u5f00\u52df\u80a1<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\n<ul>\n<li>\u9664\u4f9d\u4e13\u95e8\u6cd5\u5f8b\u6210\u7acb\u7684\u6cd5\u4eba\u5916\uff0c\u516c\u5f00\u53d1\u884c\u80a1\u7968\u987b\u83b7\u5f97\u6cf0\u56fd\u8bc1\u5238\u4ea4\u6613\u6240\u53ca\u8bc1\u5238\u76d1\u7ba1\u59d4\u5458\u4f1a\u529e\u516c\u5ba4\u7684\u6279\u51c6\uff1b<\/li>\n<\/ul>\n<ul>\n<li>\u901a\u8fc7\u8bc1\u5238\u4ee3\u7406\u5546\u53d1\u884c\u51fa\u552e\u3002<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\n<ul>\n<li>\u53d1\u884c\u80a1\u7968\u6570\u91cf<\/li>\n<\/ul>\n<ul>\n<li>\u5f85\u552e\u80a1\u4efd\u2265 \u5b9e\u7f34\u8d44\u672c\u91d1\u7684 15%\uff08\u6216\u5982\u80a1\u4e1c\u7f34\u8db3\u8d44\u672c \u2265 5 \u4ebf\u6cf0\u94e2\u3001\u5df2\u6309\u89c4\u5b9a\u9762\u503c\u666e\u901a\u80a1\u4ef7\u503c\u5df2\u22657500 \u4e07\u6cf0\u94e2\uff0c\u4e0a\u8ff0\u60c5\u51b5\u89c6\u8f83\u9ad8\u8005\u4e3a\u51c6\uff0c\u5219\u4e3a \u2265 10%\uff09<\/li>\n<\/ul>\n<\/td>\n<td align=\"left\" valign=\"top\">\n<ul>\n<li>\u53d1\u884c\u80a1\u7968\u6570\u91cf<\/li>\n<\/ul>\n<ul>\n<li>\u5f85\u552e\u80a1\u4efd\u2265 \u5b9e\u7f34\u8d44\u672c\u91d1\u768415%<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u516c\u53f8\u7ba1\u7406<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\n<ul>\n<li>\u5177\u5907\u62e5\u6709\u5982\u4e0b\u8d44\u8d28\u7684\u8463\u4e8b\u3001\u9ad8\u7ba1\u53ca\u6743\u5229\u63a7\u5236\u4eba\uff1a<\/li>\n<\/ul>\n<ul>\n<li>\u975e\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u89c4\u5b9a\u7684\u7981\u6b62\u8d44\u8d28\u4eba\u5458*3<\/li>\n<\/ul>\n<ul>\n<li>\u975e\u8bc1\u5238\u4ea4\u6613\u6240\u8fdd\u89c4\u3001\u53ef\u80fd\u4f1a\u5bf9\u80a1\u4e1c\u3001\u6295\u8d44\u8005\u7684\u5229\u76ca\u6216\u51b3\u7b56\u6216\u8bc1\u5238\u4ef7\u683c\u53d8\u52a8\u4ea7\u751f\u4e25\u91cd\u5f71\u54cd\u7684\u4eba\u5458<\/li>\n<\/ul>\n<ul>\n<li>\u5177\u5907\u6309\u7167\u6cf0\u56fd\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u7684\u516c\u544a\u89c4\u5b9a\u539f\u5219\u5236\u5b9a\u7684\u516c\u53f8\u7ba1\u59d4\u4f1a\u804c\u6743\u8303\u56f4\u89c4\u5b9a*3<\/li>\n<\/ul>\n<ul>\n<li>\u5177\u6709\u8d1f\u8d23\u8d22\u4f1a\u4e8b\u52a1\u7684\u6700\u9ad8\u8d1f\u8d23\u4eba\uff08\u9996\u5e2d\u8d22\u52a1\u5b98 CFO\uff09\u4ee5\u53ca\u76d1\u7ba1\u8d22\u4f1a\u4e8b\u52a1\u7684\u4eba\u5458\uff0c\u5176\u8d44\u8d28\u7b26\u5408\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u516c\u544a\u7684\u539f\u5219\u89c4\u5b9a*3<\/li>\n<\/ul>\n<ul>\n<li>\u62c5\u4efb\u516c\u53f8\u8463\u4e8b\u957f\u804c\u4f4d\u4eba\u5458\u4e0e\u62c5\u4efb\u7ecf\u7406\u6216\u7b49\u540c\u804c\u4f4d\u5176\u4ed6\u804c\u4f4d\u4eba\u5458\u975e\u540c\u4e00\u4eba<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u516c\u53f8\u6cbb\u7406\u53ca\u5185\u90e8\u76d1\u7ba1<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\n<ul>\n<li>\u5177\u5907\u826f\u597d\u7684\u516c\u53f8\u6cbb\u7406\u5236\u5ea6\uff0c\u5177\u5907\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u516c\u544a\u89c4\u5b9a\u7684\u7ec4\u6210\u8981\u7d20\u53ca\u8d44\u683c\u7684\u72ec\u7acb\u8463 \u4e8b\uff0c\u540c\u65f6\u6709\u5ba1\u8ba1\u59d4\u5458\u4f1a\uff0c\u5176\u7ec4\u6210\u3001\u8d44\u683c\u548c\u5de5\u4f5c\u8303\u56f4\u9075\u7167\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u7684\u89c4\u5b9a\uff1b<\/li>\n<\/ul>\n<ul>\n<li>\u6839\u636e\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u7684\u516c\u544a\u89c4\u5b9a\u6807\u51c6\uff0c\u5b89\u6392\u5145\u5206\u3001\u9ad8\u6548\u7684\u5185\u90e8\u63a7\u5236\u7cfb\u7edf*3 \u3002<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u5229\u76ca\u51b2\u7a81<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\u6839\u636e\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u7684\u516c\u544a\u89c4\u5b9a\u6807\u51c6\uff0c\u4e0d\u5b58\u5728\u5229\u76ca\u51b2\u7a81\u3002<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u8d22\u62a5\u53ca\u5ba1\u8ba1<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\n<ul>\n<li>\u5177\u6709\u7b26\u5408\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u7684\u516c\u544a\u89c4\u5b9a\u6807\u51c6\u7684\u8d22\u52a1\u62a5\u8868\uff1b<\/li>\n<\/ul>\n<ul>\n<li>\u7533\u8bf7\u4eba\u7684\u5ba1\u8ba1\u5e94\u83b7\u5f97\u6cf0\u56fd\u8bc1\u5238\u4ea4\u6613\u6240\u53ca\u8bc1\u5238\u76d1\u7ba1\u59d4\u5458\u4f1a\u529e\u516c\u5ba4\u6279\u51c6\u540c\u610f\u3002<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u517b\u8001\u50a8\u5907\u516c\u79ef\u91d1<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\u6839\u636e\u56fd\u5bb6\u517b\u8001\u516c\u79ef\u91d1\u6cd5\u89c4\u5b9a\u6210\u7acb\u517b\u8001\u50a8\u5907\u516c\u79ef\u91d1<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u767b\u8bb0\u5458<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\u786e\u8ba4\u7531\u6cf0\u56fd\u8bc1\u5238\u6258\u7ba1\u516c\u53f8(TSD)\u6216\u6240\u540c\u610f\u7684\u8bc1\u5238\u4ea4\u6613\u6240\u4e2d\u4eba\u58eb\u4f5c\u4e3a\u8bc1\u5238\u767b\u8bb0\u5458<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"2\" align=\"left\" valign=\"top\">\u80a1\u7968\u7981\u552e \uff08\u9759\u9ed8\u671f\uff09<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\u5229\u6da6\u6d4b\u8bd5\u6807\u51c6\uff08Profit Test\uff09<\/p>\n<p>\u5f53\u80a1\u4efd\u5f00\u59cb\u5728\u8bc1\u5238\u4ea4\u6613\u6240\u4ea4\u6613\u65f6\uff0c\u7b26\u5408\u6218\u7565\u80a1\u4e1c\u8303\u7574\u7684\u6301\u80a1\u4eba\u7981\u6b62\u5728\u516c\u5f00\u52df\u80a1\u540e 1 \u5e74\u5185\u51fa\u552e\u5176\u6301\u6709\u7684\u5b9e\u7f34\u80a1\u672c\u7684\u603b\u5171 55%\u80a1\u4efd\uff0c\u5728\u6ee1 6 \u4e2a\u6708\u4ee5\u540e\uff0c\u53ef\u9010\u6b65\u51fa\u552e\u7981\u6b62\u51fa\u552e\u80a1\u4efd\u7684 25%\u3002<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" rowspan=\"1\" align=\"center\" valign=\"top\">\u5e02\u503c\u6807\u51c6 Market Cap<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u516c\u53f8\u4fe1\u606f\u62ab\u9732\u53d1\u5e03\u4f1a<\/p>\n<p>Opportunity day<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"top\">\u5229\u6da6\u6d4b\u8bd5\u6807\u51c6\uff08Profit Test\uff09<\/p>\n<p>\u516c\u53f8\u987b\u5728\u80a1\u7968\u5f00\u59cb\u4ea4\u6613\u65e5\u8d77\uff0c1 \u5e74\u81f3\u5c11\u53ec\u5f00 1 \u6b21\u4f1a\u8bae\uff0c\u5411\u80a1\u4e1c\u3001\u6295\u8d44\u8005\u53ca\u5173\u8054\u4eba\u58eb\u62ab\u9732\u516c\u53f8\u7684\u4e1a\u52a1\u53ca\u7ecf\u8425\u6210\u679c\u4fe1\u606f\uff0c\u4ee5\u4f7f\u4e0a\u8ff0\u4eba\u5458\u4e86\u89e3\u5e76\u638c\u63e1\u4fe1\u606f\uff0c\u5305\u62ec\u53ef\u5411\u4e0a\u5e02\u516c\u53f8\u7684\u7ba1\u7406\u5c42\u8fdb\u884c\u95ee\u8be2\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u5907\u6ce8\uff1a<\/p>\n<p>*1\uff1a\u63a5\u53d7\u7ecf\u8425\u7279\u5b9a\u884c\u4e1a\u4e1a\u52a1\u516c\u53f8\u666e\u901a\u80a1\u4f5c\u4e3a\u4e0a\u5e02\u8bc1\u5238\u6807\u51c6\u7684\u8868\u683c\uff08\u5e02\u503c\u6d4b\u8bd5 Market Capitalization Test\uff09\u5e02\u503c Market Capitalization \u8ba1\u7b97\u65b9\u6cd5\uff0c\u6765\u81ea\uff1a<\/p>\n<p>1. \u516c\u5f00\u52df\u80a1\u7ed3\u675f\u65e5\u671f\u8d77 1 \u5e74\u5185\u7ee7\u7eed\u5411\u8bc1\u5238\u4ea4\u6613\u6240\u63d0\u51fa\u7533\u8bf7\u60c5\u51b5\uff0c\u8981\u6c42\u4f7f\u7528\u516c\u5f00\u53d1\u884c\u4ef7\u683c\uff1b<\/p>\n<p>2. \u516c\u5f00\u52df\u80a1\u7ed3\u675f\u65e5\u671f\u8d77 1 \u5e74\u540e\u7ee7\u7eed\u5411\u8bc1\u5238\u4ea4\u6613\u6240\u63d0\u51fa\u7533\u8bf7\u60c5\u51b5\uff0c\u8981\u6c42\u4f7f\u7528\u7531\u8d22\u52a1\u987e\u95ee\u786e\u5b9a\u7684\u516c\u5141\u4ef7\u683c\u3002<\/p>\n<p>*2\uff1a\u5c0f\u989d\u80a1\u4e1c\u6307\u975e\u6218\u7565\u7c7b\u80a1\u4e1c\uff0c\u6218\u7565\u7c7b\u80a1\u4e1c\u5982\u4e0b\uff1a<\/p>\n<ul>\n<li>\u8463\u4e8b\u3001\u7ecf\u7406\u53ca\u7ba1\u7406\u5c42\uff0c\u5305\u62ec\u5173\u8054\u4eba\u5458\uff1b<\/li>\n<li>\u6301\u6709&gt;5%\u5b9e\u7f34\u8d44\u672c\u91d1\u7684\u80a1\u4efd\u7684\u80a1\u4e1c\uff0c\u5305\u62ec\u5173\u8054\u4eba\u5458\uff1b<\/li>\n<li>\u6743\u5229\u63a7\u5236\u4eba\u3002<\/li>\n<\/ul>\n<p>*3\uff1a\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\uff08\u7b2c Tor Jor.39\/2016 \u53f7\uff09\u300a\u5173\u4e8e\u7533\u8bf7\u548c\u6279\u51c6\u65b0\u53d1\u884c\u80a1\u7968\u7684\u516c\u544a\uff08\u6574\u7406\u7248\uff09\u300b<\/p>\n<p>\u5982\u516c\u53f8\u5df2\u5728\u8bc1\u5238\u4ea4\u6613\u6240\u767b\u8bb0\u4e0a\u5e02\uff0c\u53ef\u5c06\u5176\u5177\u6709\u6f5c\u529b\u7684\u5b50\u516c\u53f8\u548c\u8054\u8425\u516c\u53f8\u4e00\u8d77\u5728\u8bc1\u5238\u4ea4\u6613\u6240\u767b\u8bb0\u4e0a\u5e02\uff0c\u6b64\u65b9\u6cd5\u79f0\u4e3a\u5265\u79bb\u5206\u62c6 \uff08spin off\uff09\uff0c\u662f\u4e0a\u5e02\u516c\u53f8\uff08\u6bcd\u516c\u53f8\uff09\u5c06\u5b50\u516c\u53f8\u6216\u8054\u8425\u516c\u53f8\u5206\u79bb\u3001\u5e76\u5411\u516c\u4f17\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09\uff0c\u540c\u65f6\u5728\u8be5\u5b50\u516c\u53f8\u6216\u8054\u8425\u516c\u53f8\u4e0a\u5e02\u540e\uff0c\u5f15\u5165\u6cf0\u56fd\u65b0\u751f\u80a1\u7968\u6295\u8d44\u5e02\u573a\uff08MAI\uff09\u4e0a\u5e02\uff0c\u5176\u6bcd\u516c\u53f8\u4ecd\u4fdd\u6301\u5176\u6839\u636e\u8bc1\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\u516c\u53f8\u7684\u6761\u4ef6\u6807\u51c6\u3002<\/p>\n<hr \/>\n<h4 style=\"text-align: center;\"><strong>02<br \/>\n<\/strong><strong>\u7ecf\u8425\u7279\u5b9a\u4ea7\u4e1a\u4e1a\u52a1\u516c\u53f8<\/strong><\/h4>\n<p><strong>\u7ecf\u8425\u7279\u5b9a\u4ea7\u4e1a\u4e1a\u52a1\u516c\u53f8\u666e\u901a\u80a1\u6ce8\u518c\u4e0a\u5e02\u7684\u539f\u5219\u6458\u8981<\/strong><\/p>\n<table class=\"table\" width=\"100%\">\n<tbody>\n<tr>\n<td align=\"center\" valign=\"middle\"><strong>\u539f\u5219<\/strong><\/td>\n<td align=\"center\" valign=\"middle\"><strong>SET (\u9488\u5bf9\u4e3a\u6cf0\u56fd\u7ecf\u6d4e\u505a\u8d21\u732e\u7684\u6cf0\u56fd\u516c\u53f8\u53ca\u5916\u56fd\u516c\u53f8)<\/strong><\/td>\n<td align=\"center\" valign=\"middle\"><strong>MAI \uff08\u9488\u5bf9\u6cf0\u56fd\u516c\u53f8\uff09<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u4ea7\u4e1a\u7c7b\u578b<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"middle\">10 \u4e2a\u6307\u5b9a\u4ea7\u4e1a\u7c7b\u578b\uff08\u540d\u5355\u89c1\u76d1\u7ba1\u59d4\u5458\u4f1a\u516c\u544a\uff09<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u5b9e\u7f34\u8d44\u672c\u91d1<\/td>\n<td align=\"left\" valign=\"middle\">3 \u4ebf\u6cf0\u94e2<\/td>\n<td align=\"left\" valign=\"middle\">5 \u5343\u4e07\u6cf0\u94e2<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u80a1\u4e1c\u6301\u6709\u90e8\u5206<\/td>\n<td align=\"left\" valign=\"middle\">3 \u4ebf\u6cf0\u94e2<\/td>\n<td align=\"left\" valign=\"middle\">5 \u5343\u4e07\u6cf0\u94e2<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u5e02\u503c Market Cap.<\/td>\n<td align=\"left\" valign=\"middle\">75 \u4ebf\u6cf0\u94e2<\/td>\n<td align=\"left\" valign=\"middle\">20 \u4ebf\u6cf0\u94e2<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u8425\u4e1a\u6536\u5165 \uff08\u8ddf\u8e2a\u8bb0\u5f55\uff09<\/td>\n<td align=\"left\" valign=\"middle\">3 \u5e74<\/td>\n<td align=\"left\" valign=\"middle\">2 \u5e74<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u6700\u8fd1\u4e00\u5e74\u8425\u4e1a\u6536\u5165<\/td>\n<td align=\"left\" valign=\"middle\">\n<ul>\n<li>\u8425\u4e1a\u603b\u6536\u5165\u4e0d\u4f4e\u4e8e 50 \u4ebf\u6cf0\u94e2\uff08\u9664\u83b7\u5f97 BOI \u6295\u8d44\u4fc3\u8fdb\u59d4\u5458\u4f1a\u6295\u4fc3\u4f18\u60e0\u7684 A1-A2 \u7c7b1\u4e14\u5f00\u59cb\u6709\u5546\u4e1a\u6536\u5165\u516c\u53f8\u5916\uff09\u4ee5\u53ca\uff1b<\/li>\n<li>\u5177\u6709\u4ee5\u4e0b\u4efb\u610f\u4e00\u9879\u7279\u5f81\u7684\u7279\u5b9a\u884c\u4e1a\u7ecf\u8425\u6536 \u5165\uff1a1\uff09 \u8d85\u8fc7\u4e2d\u7ecf\u8425\u6536\u5165\u7684 50% \u6216\uff1b2\uff09 \u4e0d\u4f4e\u4e8e 10 \u4ebf\u6cf0\u94e2\uff0c\u4e14\u6bd4\u4e0a\u5e74\u589e\u957f\u7387\u589e\u52a0 20%<\/li>\n<\/ul>\n<\/td>\n<td align=\"left\" valign=\"middle\">\n<ul>\n<li>\u8425\u4e1a\u603b\u6536\u5165\u4e0d\u4f4e\u4e8e 10 \u4ebf\u6cf0\u94e2\uff08\u9664\u83b7\u5f97 BOI \u6295\u8d44 \u4fc3\u8fdb\u59d4\u5458\u4f1a\u6295\u4fc3\u4f18\u60e0\u7684 A1-A2 \u7c7b1\u4e14\u5f00\u59cb\u6709\u5546 \u4e1a\u6536\u5165\u516c\u53f8\u5916\uff09\u4ee5\u53ca\uff1b<\/li>\n<li>\u5177\u6709\u4ee5\u4e0b\u4efb\u610f\u4e00\u9879\u7279\u5f81\u7684\u7279\u5b9a\u884c\u4e1a\u7ecf\u8425\u6536\u5165\uff1a1\uff09 \u8d85\u8fc7\u4e2d\u7ecf\u8425\u6536\u5165\u7684 50% \u6216\uff1b2\uff09 \u4e0d\u4f4e\u4e8e 2 \u4ebf\u6cf0\u94e2\uff0c\u4e14\u6bd4\u4e0a\u5e74\u589e\u957f\u7387\u589e\u52a0 20%<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u9759\u9ed8\u671f<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"middle\">3 \u5e74\uff08\u6ee1 1 \u5e74\u540e\u6bcf 6 \u4e2a\u6708\u53ef\u9010\u6b65\u51fa\u552e\u7981\u6b62\u51fa\u552e\u7684 20%\u80a1\u4efd\uff09<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u878d\u8d44\u76ee\u7684<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"middle\">\u5c06 IPO \u6240\u52df\u96c6\u8d44\u91d1\u7684 50%\u7528\u4e8e\u516c\u53f8\u5df2\u7ecf\u83b7\u5f97\u5546\u4e1a\u6536\u5165\u540e\u5176\u89c4\u5b9a\u7684\u4ea7\u4e1a\u4e1a\u52a1\u7ecf\u8425\uff0c\u5c06\u5176\u7528\u4e8e\u53d1\u5c55\u3001\u6269\u5c55\u53ca\u589e\u5f3a\u4e1a \u52a1\u6f5c\u529b\uff0c\u4ee5\u4f7f\u4e0a\u8ff0\u4e1a\u52a1\u7ee7\u7eed\u6210\u4e3a\u516c\u53f8\u7684\u4e3b\u8425\u4e1a\u52a1\uff0c\u6216\u5728\u5c1a\u672a\u6210\u4e3a\u516c\u53f8\u4e3b\u8425\u4e1a\u52a1\u60c5\u51b5\u4e0b\uff0c\u516c\u53f8\u5c06\u5728\u5907\u6848\u8868\u683c(Fling \u8868)\u4e2d\u89c4\u5b9a\u7684\u671f\u9650\u5185\u5c06\u5176\u53d1\u5c55\u6210\u4e3a\u516c\u53f8\u7684\u4e3b\u8425\u4e1a\u52a1\u3002<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\">\u53d1\u884c\u80a1\u7968\u516c\u53f8\u4ee5\u53ca\u8d22 \u52a1\u987e\u95ee\u7684\u4fe1\u606f\u62ab\u9732<\/td>\n<td colspan=\"2\" rowspan=\"1\" align=\"left\" valign=\"middle\">\n<ul>\n<li>\u5907\u6848\u8868\u4e2d\u5bf9\u4fe1\u606f\u62ab\u9732\u7684\u89c4\u5b9ao \u878d\u8d44\u76ee\u7684\uff1bo \u62e5\u6709\u5145\u5206\u73b0\u91d1\u6d41\u7528\u4e8e\u672a\u6765 12 \u4e2a\u6708\u7684\u4e1a\u52a1\u7ecf\u8425\uff1bo \u5173\u4e8e\u7279\u5b9a\u884c\u4e1a\u4e1a\u52a1\u7ecf\u8425\u7684\u4fe1\u606f\uff08\u81ea\u6211\u8bc4\u4f30\u8868\uff09\uff0c\u8868\u660e\u5728\u89c4\u5b9a\u671f\u9650\u5185\uff0c\u660e\u786e\u663e\u793a\u6216\u5236\u5b9a\u653f\u7b56\u786e \u5b9a\u8be5\u7279\u5b9a\u884c\u4e1a\u4e1a\u52a1\u5c06\u4f1a\u6210\u4e3a\u516c\u53f8\u7684\u4e3b\u8425\u4e1a\u52a1\u3002<\/li>\n<li>\u89c4\u5b9a\u6ce8\u518c\u4e0a\u5e02\u540e\u8865\u5145\u9644\u52a0\u4fe1\u606f\u62ab\u9732\u4e49\u52a1o \u73b0\u91d1\u6d41\u7684\u5145\u5206\u6027\uff1a\u8981\u6c42\u5728\u63d0\u4ea4\u81ea\u80a1\u7968\u5f00\u59cb\u4ea4\u6613\u4e4b\u65e5\u8d77\u63d0\u4ea4\u8fde\u7eed\u56db\u4e2a\u5b63\u5ea6\u7684\u8d22\u52a1\u9884\u7b97\u622a\u6b62\u65e5\u671f \u7684\u540c\u4e00\u5929\u62ab\u9732\u6b64\u7c7b\u4fe1\u606f\uff1bo \u62e5\u6709\u5145\u5206\u73b0\u91d1\u6d41\u7528\u4e8e\u672a\u6765 12 \u4e2a\u6708\u7684\u4e1a\u52a1\u7ecf\u8425\uff1bo \u7279\u5b9a\u884c\u4e1a\u8425\u4e1a\u6536\u5165\u6240\u5360\u6bd4\u4f8b\uff1a\u6309\u7167\u5907\u6848\u8868\u4e2d\u62ab\u9732\u7684\u4e1a\u52a1\u7ecf\u8425\u8ba1\u5212\u62a5\u544a\u4e1a\u52a1\u8fdb\u5c55\uff0c\u8981\u6c42\u5728\u63d0\u4ea4 \u81ea\u80a1\u7968\u5f00\u59cb\u4ea4\u6613\u4e4b\u65e5\u8d77\u63d0\u4ea4\u6bcf\u5b63\u5ea6\u8d22\u52a1\u9884\u7b97\u622a\u6b62\u65e5\u671f\u7684\u540c\u4e00\u5929\u62ab\u9732\u6b64\u7c7b\u4fe1\u606f\uff0c\u5e76\u4fdd\u6301\u8be5\u4fe1\u606f \u62ab\u9732\u76f4\u5230\u6b64\u4e1a\u52a1\u6210\u4e3a\u516c\u53f8\u7684\u4e3b\u8425\u4e1a\u52a1\u4e3a\u6b62\uff1bo \u8fde\u7eed 3 \u5e74\u6bcf\u5e74\u7ec4\u7ec7 2 \u6b21\u201c\u516c\u53f8\u4fe1\u606f\u62ab\u9732\u53d1\u5e03\u4f1a Opportunity day\u201d\u3002<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u5bf9\u4e8e\u5b58\u5728\u6709\u63a7\u80a1\u516c\u53f8 Holding Company \u6301\u6709\u5176\u4ed6\u516c\u53f8\u7684\u4e1a\u52a1\u7ecf\u8425\u80a1\u7968\u7684\u3001\u7ecf\u8425\u4e3b\u8981\u4e1a\u52a1\u7684\u5b50\u516c\u53f8\uff08\u8fd0\u8425\u516c\u53f8 Operating Company\uff09\u7684\u8d44\u8d28\uff0c\u8981\u6c42\u987b\u5982\u4e0b\uff1a<\/p>\n<ul>\n<li>\u5982\u7533\u8bf7\u4eba\u4f9d\u8d56\u4e8e\u57fa\u4e8e\u5229\u6da6\u6d4b\u8bd5\u7684\u6807\u51c6\u8d44\u683c\uff1a\u4f5c\u4e3a\u5b50\u516c\u53f8\u7684\u8fd0\u8425\u516c\u53f8\u987b\u4e3a\u4e3b\u8981\u5229\u6da6\u53d1\u751f\u516c\u53f8\uff1b<\/li>\n<li>\u5982\u7533\u8bf7\u4eba\u4f9d\u8d56\u4e8e\u57fa\u4e8e\u5e02\u503c\u6d4b\u8bd5\u6807\u51c6(Market Cap italization Test)\u8d44\u683c\uff1a\u4f5c\u4e3a\u5b50\u516c\u53f8\u7684\u8fd0\u8425\u516c\u53f8\u5fc5\u987b\u6709\u7ecf\u8425\u4e1a\u7ee9\u6210\u679c\u8868\u660e\u63a7\u80a1\u516c\u53f8\u7684\u8d44\u8d28\u8fbe\u5230\u89c4\u5b9a\u6807\u51c6\uff1b<\/li>\n<li>\u7533\u8bf7\u4eba\u4f9d\u8d56\u4e8e\u57fa\u4e8e\u6295\u8d44\u57fa\u7840\u516c\u7528\u4e8b\u4e1a\u9879\u76ee\u8d44\u8d28\uff1a\u4f5c\u4e3a\u5b50\u516c\u53f8\u7684\u8fd0\u8425\u516c\u53f8\u5fc5\u987b\u6709\u5728\u8fbe\u5230\u89c4\u5b9a\u6807\u51c6\u7684\u57fa\u7840\u516c\u7528\u4e8b\u4e1a\u5efa\u8bbe\u9879\u76ee\u4e2d\u6295\u8d44\u6b64\u5916\uff0c\u5176\u4ed6\u7533\u8bf7\u4eba\u8d44\u8d28\uff0c\u5982\u5c0f\u989d\u80a1\u4efd\u5206\u914d\u3001\u516c\u53f8\u7ba1\u7406\u7b49\uff0c\u4ecd\u65e7\u4f9d\u7167\u76ee\u524d\u73b0\u6709\u539f\u5219\u6807\u51c6\u6267\u884c\u3002<\/li>\n<\/ul>\n<p>1\u516c\u53f8\u83b7\u6cf0\u56fd\u6295\u8d44\u59d4\u5458\u4f1a (BOI) \u5bf9 A1\u2011A2 \u4e1a\u52a1\u7684\u6295\u8d44\u4fc3\u8fdb\uff0c\u4ee5\u652f\u6301\u7279\u5b9a\u884c\u4e1a\u7684\u7ecf\u8425\u60c5\u51b5\uff0c\u516c\u53f8\u53ef\u5728 www.set.or.th\u9875\u9762\u201c\u89c4\u5219\u4e0e\u76d1\u7ba1\u201d\u201c\u8bc1\u5238\u53d1\ufa08\u516c\u53f8\u76f8\u5173\u6807\u51c6\u201d\u201c\u7b80\u5316\u89c4\u5b9a\u201d\u680f\u76ee\u4e2d\u67e5\u770b\u8be6\u7ec6\u4fe1\u606f\u3002<\/p>\n<hr \/>\n<h4 style=\"text-align: center;\"><strong>03<br \/>\n<\/strong><strong>\u4e0a\u5e02\u5ba1\u6279<\/strong><\/h4>\n<p><strong>\u7ecf\u8425\u4e00\u822c\u4e1a\u52a1\u516c\u53f8\u8bc1\u4ea4\u6240\u6ce8\u518c\u4e0a\u5e02<\/strong><\/p>\n<p>\u5c06\u666e\u901a\u80a1\u5728\u6cf0\u56fd\u8bc1\u5238\u4ea4\u6613\u5e02\u573a\uff08SET\uff09\u53ca\u6cf0\u56fd\u65b0\u751f\u80a1\u7968\u6295\u8d44\u5e02\u573a\uff08MAI\uff09\u4f5c\u4e3a\u4e0a\u5e02\u8bc1\u5238\u7684\u5ba1\u6279\u6d41\u7a0b\u5982\u4e0b\u56fe\u6240\u793a\uff1a<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-884 size-full\" src=\"https:\/\/tplaw.asia\/wp-content\/uploads\/2025\/01\/5-1-640.png\" alt=\"\u4e0a\u5e02\u5ba1\u6279\" width=\"1080\" height=\"841\" srcset=\"https:\/\/tplaw.asia\/wp-content\/uploads\/2025\/01\/5-1-640.png 1080w, https:\/\/tplaw.asia\/wp-content\/uploads\/2025\/01\/5-1-640-300x234.png 300w, https:\/\/tplaw.asia\/wp-content\/uploads\/2025\/01\/5-1-640-1024x797.png 1024w, https:\/\/tplaw.asia\/wp-content\/uploads\/2025\/01\/5-1-640-768x598.png 768w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p>\u76f8\u5173\u6807\u51c6<\/p>\n<p><strong>1.\u00a0\u8bc1\u5238\u4ea4\u6613\u6240\u6807\u51c6\u00a0<\/strong><\/p>\n<ul>\n<li>B.E. 2015 \u6cf0\u56fd\u8bc1\u5238\u4ea4\uf9e0\u6240\u5173\u4e8e\u63a5\u53d7\u666e\u901a\u80a1\u6216\u4f18\u5148\u80a1\u4f5c\u4e3a\u4e0a\u5e02\u8bc1\u5238\u767b\u8bb0\u7684\u89c4\u5b9a<\/li>\n<li>\u6cf0\u56fd\u8bc1\u5238\u4ea4\uf9e0\u6240 2020 \uf98e\u5173\u4e8e\u5728 MAI \u8bc1\u5238\u4ea4\uf9e0\u6240\u63a5\u53d7\u4e0a\u5e02\u8bc1\u5238\u767b\u8bb0\u3001\u4fe1\u606f\u62ab\uf938\u53ca\u4e0a\u5e02\u8bc1\u5238\u9000\u5e02\u5ba1\u6838\u7684\u89c4\u5b9a<\/li>\n<li>\u6cf0\u56fd\u8bc1\u5238\u4ea4\uf9e0\u6240\u5173\u4e8e 2017 \uf98e\u4e0a\u5e02\u516c\u53f8\u4fe1\u606f\u62ab\uf938\u548c\u62ab\uf938\u89c4\u5219\u3001\u6761\u4ef6\u548c\u7a0b\u5e8f\u7684\u89c4\u5b9a<\/li>\n<li>\u6cf0\u56fd\u8bc1\u5238\u4ea4\uf9e0\u6240\u59d4\u5458\u4f1a\u516c\u544a\uff1a\u5173\u4e8e 2023 \uf98e\u7279\u5b9a\u884c\u4e1a\u53ef\u80fd\u57fa\u4e8e\u5e02\u573a\u4ef7\u683c\u8ba1\u7b97\u666e\u901a\u80a1\u4ef7\u503c\u6807\u51c6\u6807\u51c6\u4f9d\u8d56\u8425\u4e1a\u6536\u5165\u8fdb\u884c\u4e0a\u5e02\u8bc1\u5238\u7533\u8bf7\u4e8b\u9879<\/li>\n<li>B.J.(W) 1\/2019 \u53f7\u516c\u6587\uff1a\u6839\u636e\u76d1\u7ba1\u6539\u9769\u65b9\u6848\u5b8c\u5584\u8c03\u6574\u6807\u51c6<\/li>\n<li>B.J.(W) 3\/2020 \u53f7\u516c\u6587\uff1a\u4e0a\u5e02\u516c\u53f8\u6807\u51c6\u8c03\u6574<\/li>\n<li>B.J.( (W)1\/2021 \u53f7\u516c\u6587\uff1a\u5173\u4e8e\u63a5\u53d7\u666e\u901a\u80a1\u6839\u636e\u5e02\u573a\u4ef7\u683c\u8ba1\u7b97\u666e\u901a\u80a1\u4ef7\u503c\u6807\u51c6\uff08Market Capitalization \u5e02\u503c\u6d4b\u8bd5\uff09\u5728\u8bc1\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\u7684\u6807\u51c6\u8c03\u6574<\/li>\n<li>B.J.( (W) 4 \/2023 \u53f7\u516c\u6587\uff1a\u5173\u4e8e\u63a5\u53d7\u7279\u5b9a\u884c\u4e1a\u516c\u53f8\u5c06\u666e\u901a\u80a1\u6839\u636e\u5e02\u573a\u4ef7\u683c\u8ba1\u7b97\u666e\u901a\u80a1\u4ef7\u503c\u6807\u51c6\uff08Market Capitalization \u5e02\u503c\u6d4b\u8bd5\uff09 \u5728\u8bc1\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\u7684\u6807\u51c6\u8c03\u6574<\/li>\n<\/ul>\n<p><strong>2.\u00a0\u5176\u4ed6\u673a\u6784\u6807\u51c6\u00a0<\/strong><\/p>\n<ul>\n<li>\u8d44\u672c\u5e02\u573a\u76d1\u7ba1\u59d4\u5458\u4f1a\u7b2c TorChor. 39\/2016 \u53f7\u6587\u4ef6\uff1a\u5173\u4e8e\u53d1\ufa08\u65b0\u80a1\u7684\u8bb8\u53ef\u7533\u8bf7\u53ca\u5ba1\u6279\u7684\u89c4\u5b9a\u516c\u544a\uff08\u6574\u7406\u7248\uff09<\/li>\n<li>\u6cf0\u56fd\u8bc1\u5238\u53ca\u8bc1\u5238\u4ea4\u6613\u76d1\u7ba1\u59d4\u5458\u4f1a\u7b2c Kor Jor. 17\/2008 \u53f7\u516c\u544a\uff1a\u5173\u4e8e\u8bc1\u5238\u53d1\ufa08\u53ca\u53d1\u884c\u51fa\u552e\u7684\u5b9a\u4e49\u516c\u544a\uff08\u6574\u7406\u7248\uff09<\/li>\n<li>\u6cf0\u56fd\u8bc1\u5238\u53ca\u8bc1\u5238\u4ea4\u6613\u76d1\u7ba1\u59d4\u5458\u4f1a\u7b2c \uff08W) 24\/2017 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