{"id":2972,"date":"2022-06-20T05:15:30","date_gmt":"2022-06-19T20:15:30","guid":{"rendered":"https:\/\/paradigm-shift.co.jp\/media\/?p=2972"},"modified":"2022-06-23T05:20:36","modified_gmt":"2022-06-22T20:20:36","slug":"mafinancialanalysis","status":"publish","type":"post","link":"https:\/\/paradigm-shift.co.jp\/media\/mafinancialanalysis\/","title":{"rendered":"M&A\u3067\u5fc5\u8981\u306a\u8ca1\u52d9\u5206\u6790\u3068\u306f\uff1f\u8ca1\u52d9\u8af8\u8868\u3084\u5206\u6790\u65b9\u6cd5\u3001\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac"},"content":{"rendered":"

M&A\u306b\u304a\u3044\u3066\u3001\u8cb7\u3044\u624b\u4f01\u696d\u304c\u58f2\u308a\u624b\u4f01\u696d\u306e\u6b63\u78ba\u306a\u4f01\u696d\u4fa1\u5024\u3092\u7b97\u5b9a\u3057\u305f\u308a\u3001\u7d4c\u55b6\u4e0a\u306e\u30ea\u30b9\u30af\u3092\u628a\u63e1\u3059\u308b\u3053\u3068<\/strong>\u3092\u76ee\u7684\u306b\u8ca1\u52d9\u5206\u6790\u3092\u5b9f\u65bd\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u8ca1\u52d9\u5206\u6790\u3068\u306f\u3001\u8cb8\u501f\u5bfe\u7167\u8868\u3084\u640d\u76ca\u8a08\u7b97\u66f8\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3068\u3044\u3063\u305f\u8ca1\u52d9\u8af8\u8868\u306e\u5b9a\u91cf\u7684\u306a\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u3044\u3066\u3001\u4f1a\u793e\u306e\u5065\u5168\u6027\u3084\u6210\u9577\u6027\u3001\u5b89\u5168\u6027\u3092\u5206\u6790\u3059\u308b\u3053\u3068<\/span>\u3067\u3059\u3002<\/span><\/p>\n

\u901a\u5e38\u3001\u8ca1\u52d9\u5206\u6790\u306f\u7d4c\u55b6\u8005\u3084\u8ca1\u52d9\u8cac\u4efb\u8005\u304c\u81ea\u793e\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u7406\u89e3\u3057\u3001\u7d4c\u55b6\u4e0a\u306e\u554f\u984c\u70b9\u3092\u89e3\u6c7a\u3059\u308b\u3053\u3068\u3092\u76ee\u7684\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n

M&A\u3067\u306f\u3001\u6700\u7d42\u5408\u610f\u66f8\u3092\u7de0\u7d50\u3059\u308b\u3068\u4e00\u65b9\u7684\u306b\u89e3\u7d04\u3067\u304d\u306a\u304f\u306a\u308b\u306e\u3067\u3001\u6700\u7d42\u5408\u610f\u7de0\u7d50\u524d\u306e\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u6642\u70b9\u3067\u8ca1\u52d9\u5206\u6790\u304c\u884c\u308f\u308c\u308b\u306e\u3067\u3059<\/strong>\u3002<\/span><\/p>\n

\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001M&A\u3067\u5b9f\u65bd\u3055\u308c\u308b\u8ca1\u52d9\u5206\u6790\u306e\u7279\u5fb4\u3084\u8ca1\u52d9\u5206\u6790\u306b\u5fc5\u8981\u306a\u8cc7\u6599\u3001\u5b9f\u969b\u306e\u8ca1\u52d9\u5206\u6790\u306e\u65b9\u6cd5\u3001\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/span><\/p>\n

M&A\u3067\u5b9f\u65bd\u3055\u308c\u308b\u8ca1\u52d9\u5206\u6790<\/b><\/h2>\n\"\"\n

M&A\u306e\u4ea4\u6e09\u6bb5\u968e\u3067\u306f\u3001\u58f2\u308a\u624b\u3068\u8cb7\u3044\u624b\u53cc\u65b9\u304c\u57fa\u672c\u5408\u610f\u66f8\u3092\u7de0\u7d50\u3059\u308b\u3068\u3001\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u304c\u5b9f\u65bd\u3055\u308c\u307e\u3059\u3002<\/span><\/p>\n

\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u306f\u3001M&A\u306b\u304a\u3051\u308b\u8b72\u6e21\u4fa1\u984d\u3092\u6c7a\u5b9a\u3059\u308b\u305f\u3081\u306b\u58f2\u308a\u624b\u306e\u4e8b\u696d\u306b\u95a2\u3059\u308b\u60c5\u5831\u3092\u53ce\u96c6\u3057\u3001\u8ca1\u52d9\u3084\u6cd5\u52d9\u3001\u4f1a\u8a08\u306a\u3069\u306e\u89b3\u70b9\u304b\u3089\u5206\u6790\u3059\u308b\u4f01\u696d\u76e3\u67fb<\/strong>\u3067\u3059\u3002<\/span><\/p>\n

\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u4e2d\u306b\u306f\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u547c\u3070\u308c\u308b\u58f2\u308a\u624b\u306e\u8ca1\u52d9\u30fb\u4f1a\u8a08\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/span>\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306f\u8ca1\u52d9\u306e\u30ea\u30b9\u30af\u3084\u8ca1\u653f\u72b6\u614b\uff08\u904b\u8ee2\u8cc7\u672c\u3084\u6709\u5229\u5b50\u8ca0\u50b5\u306e\u72b6\u6cc1\uff09\u3001\u7d14\u8cc7\u7523\u3001\u6b63\u5e38\u53ce\u76ca\u529b\u306a\u3069\u3092\u628a\u63e1\u3059\u308b<\/strong>\u3053\u3068\u3092\u4e3b\u306a\u76ee\u7684\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n

M&A\u3067\u8ca1\u52d9\u5206\u6790\u304c\u5b9f\u65bd\u3055\u308c\u308b\u7406\u7531<\/b><\/h2>\n\"\"\n

\u306a\u305cM&A\u3067\u58f2\u308a\u624b\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/span><\/p>\n

\u8ca1\u52d9\u5206\u6790\u3092\u5b9f\u65bd\u305b\u305a\u306bM&A\u3092\u9032\u3081\u308b\u3068\u3001\u5b9f\u65bd\u5f8c\u306b\u7c3f\u5916\u50b5\u52d9\u304c\u767a\u899a\u3057\u305f\u308a\u3001\u9069\u6b63\u6c34\u6e96\u4ee5\u4e0a\u306e\u8cb7\u53ce\u8cbb\u7528\u3067\u5408\u610f\u3057\u3066\u3057\u307e\u3046\u53ef\u80fd\u6027<\/strong>\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u8ca1\u52d9\u5206\u6790\u3092\u901a\u3058\u3066\u3001\u58f2\u308a\u624b\u4f01\u696d\u306e\u8ca1\u52d9\u4e0a\u306e\u30ea\u30b9\u30af\u3001EBITDA\u3084\u58f2\u4e0a\u9ad8\u306a\u3069\u306e\u5b9f\u8cea\u7684\u306a\u53ce\u76ca\u529b\u3001\u8a2d\u5099\u6295\u8cc7\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30a2\u30a6\u30c8\u3092\u5206\u6790\u3059\u308b\u3053\u3068\u3067\u3001\u6b63\u78ba\u306a\u4f01\u696d\u5b9f\u614b\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059<\/span>\u3002<\/span><\/p>\n

\u8ca1\u52d9\u5206\u6790\u306b\u3088\u3063\u3066\u3001\u8ca1\u52d9\u72b6\u6cc1\u3092\u52d8\u6848\u3057\u305f\u58f2\u308a\u624b\u4f01\u696d\u306e\u6b63\u78ba\u306a\u4f01\u696d\u4fa1\u5024\u3084\u30ea\u30b9\u30af\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002<\/span><\/p>\n

M&A\u306e\u8ca1\u52d9\u5206\u6790\u306b\u5fc5\u8981\u306a\u8ca1\u52d9\u8af8\u8868<\/b><\/h2>\n\"\"\n

\u4e0a\u5834\u4f01\u696d\u306f\u30b9\u30c6\u30fc\u30af\u30db\u30eb\u30c0\u30fc\u306b\u4f01\u696d\u306e\u8ca1\u653f\u72b6\u614b\u3084\u7d4c\u55b6\u6210\u7e3e\u3092\u516c\u958b\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u305d\u306e\u305f\u3081\u306e\u8cc7\u6599\u304c\u8ca1\u52d9\u8af8\u8868\u3067\u3042\u308a\u3001\u7279\u306b\u91cd\u8981\u306a3\u3064\u3092\u7dcf\u79f0\u3057\u3066\u3001\u8ca1\u52d9\u4e09\u8868\u3068\u3044\u3044\u307e\u3059\u3002<\/span><\/p>\n

\u8ca1\u52d9\u4e09\u8868\u306f\u3001\u8cb8\u501f\u5bfe\u7167\u8868\u3001\u640d\u76ca\u8a08\u7b97\u66f8\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8<\/span>\u3067\u69cb\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n

M&A\u306e\u8ca1\u52d9\u5206\u6790\u3067\u306f\u8ca1\u52d9\u4e09\u8868\u3092\u4f7f\u7528\u3057\u307e\u3059<\/strong>\u3002<\/span><\/p>\n

\u640d\u76ca\u8a08\u7b97\u66f8<\/b><\/h3>\n

\u640d\u76ca\u8a08\u7b97\u66f8\u306f\u4f1a\u793e\u306e\u696d\u7e3e\u3092\u77e5\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u8ca1\u52d9\u8af8\u8868<\/strong>\u3067\u3059\u3002<\/span><\/p>\n

\u82f1\u8a9e\u3067\u306f\u201dProfit and Loss Statement\u201d\u3068\u8a00\u3046\u306e\u3067\u3001\u7565\u3057\u3066PL\u3068\u547c\u3070\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u4e00\u5b9a\u671f\u9593\u306e\u53ce\u76ca\u3084\u8cbb\u7528\u304c\u8a18\u8f09\u3055\u308c\u3066\u304a\u308a\u3001\u4f1a\u793e\u306e\u8cc7\u91d1\u4f7f\u9014\u3084\u696d\u7e3e\u306e\u52d5\u5411\u3092\u77e5\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059<\/span>\u3002<\/span><\/p>\n

\u640d\u76ca\u8a08\u7b97\u66f8\u3067\u306f\u3001\u4ee5\u4e0b\u306e6\u3064\u306e\u5229\u76ca\u306b\u6ce8\u76ee\u3057\u307e\u3059\u3002<\/span><\/p>\n

    \n
  • \u58f2\u4e0a\u9ad8<\/span><\/li>\n
  • \u58f2\u4e0a\u7dcf\u5229\u76ca(\u58f2\u4e0a\u9ad8-\u58f2\u4e0a\u539f\u4fa1)<\/span><\/li>\n
  • \u55b6\u696d\u5229\u76ca(\u58f2\u4e0a\u7dcf\u5229\u76ca-\u8ca9\u7ba1\u8cbb)<\/span><\/li>\n
  • \u7d4c\u5e38\u5229\u76ca(\u55b6\u696d\u5229\u76ca\uff0b\u55b6\u696d\u640d\u76ca)<\/span><\/li>\n
  • \u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca(\u7d4c\u5e38\u5229\u76ca\uff0b\u7279\u5225\u640d\u76ca)<\/span><\/li>\n
  • \u5f53\u671f\u7d14\u5229\u76ca(\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca-\u6cd5\u4eba\u7a0e\u7b49)<\/span><\/li>\n<\/ul>\n

    \u7279\u306b\u4f01\u696d\u306e\u672c\u696d\u3067\u306e\u5132\u3051\u3092\u793a\u3057\u3066\u3044\u308b\u55b6\u696d\u5229\u76ca\u306b\u7740\u76ee\u3057\u3066\u3001\u4f1a\u793e\u306e\u7d4c\u55b6\u72b6\u6cc1\u3092\u5206\u6790\u3059\u308b<\/strong>\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/span><\/p>\n

    \u305d\u308c\u305e\u308c\u306e\u5229\u76ca\u3084\u767a\u751f\u7406\u7531\u3092\u898b\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u7d4c\u55b6\u72b6\u6cc1\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n

    \u8cb8\u501f\u5bfe\u7167\u8868<\/b><\/h3>\n

    \u8cb8\u501f\u5bfe\u7167\u8868\u3068\u306f\u3001\u4f01\u696d\u306e\u8ca1\u653f\u72b6\u614b\u3092\u77e5\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u8ca1\u52d9\u8af8\u8868<\/strong>\u3067\u3059\u3002<\/span><\/p>\n

    \u82f1\u8a9e\u3067\u306f\u201dBalance Sheet\u201d\u3068\u8a00\u3046\u306e\u3067\u3001\u7565\u3057\u3066BS\u3068\u547c\u3070\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

    \u4f01\u696d\u306e\u8cc7\u7523\u3084\u8ca0\u50b5\u3001\u7d14\u8cc7\u7523\u3092\u7ba1\u7406\u3057\u3001\u73fe\u6642\u70b9\u3067\u3069\u308c\u3060\u3051\u306e\u8cc7\u7523\u304c\u3042\u308a\u3001\u305d\u308c\u3089\u304c\u3069\u306e\u3088\u3046\u306b\u8abf\u9054\u3055\u308c\u3066\u3044\u308b\u306e\u304b<\/span>\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/span><\/p>\n

    \u4e00\u822c\u7684\u306b\u306f\u5de6\u5074\u306b\u8cc7\u7523\u306e\u90e8\u3001\u53f3\u5074\u306b\u8ca0\u50b5\u306e\u90e8\u3068\u7d14\u8cc7\u7523\u306e\u90e8\u3092\u914d\u7f6e\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n

    \u305d\u308c\u305e\u308c\u306e\u90e8\u306b\u306f\u4ee5\u4e0b\u306e\u79d1\u76ee\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n

    \u8cc7\u7523\u306e\u90e8<\/span><\/p>\n

      \n
    • \u73fe\u91d1\u53ca\u3073\u9810\u91d1<\/span><\/li>\n
    • \u58f2\u639b\u91d1<\/span><\/li>\n
    • \u5546\u54c1<\/span><\/li>\n
    • \u6709\u4fa1\u8a3c\u5238<\/span><\/li>\n
    • \u672a\u53ce\u91d1<\/span><\/li>\n
    • \u6709\u5f62\u56fa\u5b9a\u8cc7\u7523<\/span><\/li>\n
    • \u7121\u5f62\u56fa\u5b9a\u8cc7\u7523<\/span><\/li>\n
    • \u95a2\u4fc2\u4f1a\u793e\u682a\u5f0f<\/span><\/li>\n<\/ul>\n

      \u8ca0\u50b5\u306e\u90e8<\/span><\/p>\n

        \n
      • \u8cb7\u639b\u91d1<\/span><\/li>\n
      • \u652f\u6255\u624b\u5f62<\/span><\/li>\n
      • \u77ed\u671f\u501f\u5165\u91d1<\/span><\/li>\n
      • \u672a\u6255\u91d1<\/span><\/li>\n<\/ul>\n

        \u7d14\u8cc7\u7523\u306e\u90e8<\/span><\/p>\n

          \n
        • \u8cc7\u672c\u91d1<\/span><\/li>\n
        • \u8cc7\u672c\u5270\u4f59\u91d1<\/span><\/li>\n
        • \u5229\u76ca\u5270\u4f59\u91d1<\/span><\/li>\n<\/ul>\n

          \u8cc7\u7523\u306e\u90e8\u3068\u8ca0\u50b5\u306e\u90e8\u53ca\u3073\u7d14\u8cc7\u7523\u306e\u90e8\u306e\u5408\u8a08\u306f\u5fc5\u305a\u4e00\u81f4\u3057\u307e\u3059<\/strong>\u3002<\/span><\/p>\n

          \u8cc7\u7523\u306e\u90e8\u306b\u8a08\u4e0a\u3055\u308c\u3066\u3044\u308b\u8cc7\u7523\u304c\u501f\u5165\u91d1\u3084\u8cb7\u639b\u91d1\u306a\u3069\u306e\u8ca0\u50b5\u3067\u8abf\u9054\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u81ea\u5df1\u8cc7\u672c\u306a\u3069\u306e\u7d14\u8cc7\u7523\u3067\u8abf\u9054\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/span><\/p>\n

          \u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8<\/b><\/h3>\n

          \u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3068\u306f\u4f01\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u72b6\u6cc1\u3092\u77e5\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u8ca1\u52d9\u8af8\u8868<\/strong>\u3067\u3059\u3002<\/span><\/p>\n

          \u671f\u9996\u306e\u73fe\u91d1\u306e\u6b8b\u9ad8\u3068\u671f\u672b\u306e\u6b8b\u9ad8\u3092\u628a\u63e1\u3057\u3066\u3001\u73fe\u91d1\u306e\u6d41\u308c\u3092\u5206\u6790\u3057\u3001\u305d\u306e\u5897\u6e1b\u306e\u539f\u56e0\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/span><\/p>\n

          \u4e00\u5b9a\u671f\u9593\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u52d5\u304d\u306b\u3064\u3044\u3066\u300c\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u300d\u300c\u6295\u8cc7\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u300d\u300c\u8ca1\u52d9\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u300d\u306e3\u3064\u306e\u5206\u985e\u306b\u5206\u3051\u3066\u3001\u8868\u793a\u3057\u307e\u3059\u3002<\/span><\/p>\n

          \u300c\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u300d\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u3067\u3042\u308b\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u5909\u52d5<\/strong>\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n

          \u6700\u4f4e\u3067\u3082\u30d7\u30e9\u30b9\u3067\u3042\u308b\u3053\u3068\u304c\u5fc5\u8981\u3067\u3042\u308a\u3001\u30de\u30a4\u30ca\u30b9\u3060\u3068\u672c\u696d\u3067\u5229\u76ca\u3092\u51fa\u305b\u3066\u3044\u306a\u3044<\/span>\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n

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          \u8a2d\u5099\u6295\u8cc7\u304c\u6d3b\u767a\u306a\u4f01\u696d\u3067\u3042\u308c\u3070\u3001\u30de\u30a4\u30ca\u30b9\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n

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          M&A\u306b\u304a\u3051\u308b\u8ca1\u52d9\u5206\u6790\u306e\u3084\u308a\u65b9<\/b><\/h2>\n\"\"\n

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          \u53ce\u76ca\u6027\u5206\u6790<\/b><\/h3>\n

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            \n
          • \u58f2\u4e0a\u9ad8\u7dcf\u5229\u76ca\u7387=\u58f2\u4e0a\u7dcf\u5229\u76ca\u00f7\u58f2\u4e0a\u9ad8\u00d7100%<\/span><\/li>\n
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            \u5b89\u5168\u6027\u5206\u6790<\/b><\/h3>\n

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