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1、芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂
2、莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂
3、莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀
4、荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁
5、蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂
6、肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿
7、膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀
8、膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁
9、膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿
10、芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿
11、芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀
12、芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈
13、莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈
14、莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿
15、蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇
16、蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇
17、肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈
18、膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆
19、膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇
20、膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇
21、芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅
22、芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆
23、莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆
24、莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄
25、莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅
26、蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆
27、蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃
28、聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄
29、膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅
30、膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃
31、节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃
32、艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆蒃蚅罿芈虿薁肈莀蒁袀肇肀蚇螆肇膂蒀蚂肆莅螅蚈肅蒇薈羇肄膇莁袃肃艿薆蝿肂莁荿蚅膂肁薅薁膁膃莇衿膀芆薃袅腿蒈莆螁膈膈蚁蚇膇芀蒄羆膆莂虿袂膆蒄蒂螈芅膄蚈蚄袁
33、芆蒀薀袀荿蚆羈衿膈葿袄衿芁螄螀袈莃薇蚆袇蒅莀羅袆膅薅袁羅芇莈螇羄莀薄蚃羃聿莆蕿羃节薂羇羂莄蒅袃羁蒆蚀蝿羀膆 本科毕业设计（论文）外文翻译 题 目 双汇企业财务报表分析研究 姓 名 宋孟姣 专 业 2010级财务管理本科1班 学 号 201040016 指导教师 董玥玥 郑州科技学院工商管理学院二一四年三月 FINANCIAL STATEMENT ANALYSIS OF EVERAGE AND HOW IT INFORMS ABOUT PORABLIITY ANDPRICE-TO-BOOK RATIOS1 FINANCIAL STATEMENT ANALYSIS OF EVERAGEThe fo
34、llowing inimical statement analysis separates the effects of enhancing liabilities and operating liabilities on the portability of shareholders equity. The analysis yields explicit leveraging equations from which the specications for the empirical analysis are developed. Shareholder portability, ret
35、urn on common equity, is measured asReturn on common equity (ROCE) = comprehensive net income common equity (1)Appropriate inimical statement analysis disentangles the effects of leverage. The analysis below, which elaborates on parts of Nazism and Penman (2001), begins by identifying components of
36、the balance sheet and income statement that involve operating and enhancing activities. The portability due to each activity is then calculated and two types of leverage are introduced to explain both operating and enhancing portability and overall shareholder portability.1.1 Distinguishing the Port
37、ability of Operations from the Portability of Financing ActivitiesCommon equity =operating assetsfinancial assetsoperating liabilitiesFinancial liabilities （2）The distinction here between operating assets (like trade receivables, inventory and property, plant and equipment) and inimical assets (the
38、deposits and marketable securities that absorb excess cash) is made in other contexts. However, on the liability side, enhancing liabilities are also distinguished here from operating liabilities. Rather than treating all liabilities as enhancing debt, only liabilities that raise cash for operations
39、like bank loans, short-term commercial paper and bondsare classier as such. Other liabilitiessuch as accounts payable, accrued expenses, deferred revenue, restructuring liabilities and pension liabilitiesarise from operations. The distinction is not as simple as current versus long-term liabilities;
40、 pension liabilities, for example, are usually long-term, and short-term borrowing is a current liability.Rearranging terms in equation (2),Common equity = (operating assetsoperating liabilities)(financial liabilitiesfinancial assets) Or Common equity = net operating assetsnet financing debt （3） Thi
41、s equation regroups assets and liabilities into operating and enhancing activities. Net operating assets are operating assets less operating liabilities. So a arm might invest in inventories, but to the extent to which the suppliers of those inventories grant credit, the net investment in inventorie
42、s is reduced. Firms pay wages, but to the extent to which the payment of wages is deferred in pension liabilities, the net investment required to run the business is reduced. Net enhancing debt is enhancing debt (including preferred stock) minus inimical assets. So, a arm may issue bonds to raise ca
43、sh for operations but may also buy bonds with excess cash from operations. Its net indebtedness is its net position in bonds. Indeed a arm may be a net creditor (with more inimical assets than inimical liabilities) rather than a net debtor.The income statement can be reformulated to distinguish inco
44、me that comes from operating and enhancing activities:Comprehensive net income = operating income net financing expense (4)Operating income is produced in operations and net inimical expense is incurred in the enhancing of operations. Interest income on inimical assets is netted against interest exp
45、ense on inimical liabilities (including preferred dividends) in net inimical expense. If interest income is greater than interest expense, enhancing activities produce net inimical income rather than net inimical expense. Both operating income and net inimical expense (or income) is after tax.3 Equa
46、tions (3) and (4) produce clean measures of after-tax operating portability and the borrowing rate:Return on net operating assets (RNOA) = operating income net operating assets (5)And Net borrowing rate (NBR) = net financing expense net financing debt (6)RNOA recognizes that portability must be base
47、d on the net assets invested in operations. So arms can increase their operating portability by convincing suppliers, in the course of business, to grant or extend credit terms; credit reduces the investment that shareholders would otherwise have to put in the business. Correspondingly, the net borr
48、owing rate, by excluding non-interest bearing liabilities from the denominator, gives the appropriate borrowing rate for the enhancing activities.Note that RNOA differs from the more common return on assets (ROA), usually denned as income before after-tax interest expense to total assets. ROA does not distinguish operating and enhancing activities appropriately. Unlike ROA, RNOA excludes inimical assets in the denominator