集團(tuán)企業(yè)資金集中管理外文翻譯

1、螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇

2、肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁

3、袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅

4、蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿

5、羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆

6、螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻

7、肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅

8、袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿

9、蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃

10、羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈

11、螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅

12、肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿

13、袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃

14、蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈

15、羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂

16、螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆

17、羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃

18、衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇

19、蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞

20、羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆

21、螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀

22、罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄

23、袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿

24、肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆

25、裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀

26、螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄

27、羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈

28、螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃

29、肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆

30、袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄

31、螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈螁膅蒃螄螇膄薆蚇肅膃芅葿羈膂莈蚅袇膁蒀蒈螃芀膀蚃蠆艿節(jié)蒆羈艿莄螞羄羋薇蒄袀芇芆螀螆芆荿薃肄芅蒁螈羀芄薃薁袆莃芃螆螂羀蒞蕿蚈罿蕆螅肇羈芇薈羃羇荿袃衿羆蒂蚆螅羆薄葿肄羅芄蚄羀肄莆蕆袆肅蒈螞螂肂膈蒅蚈肁莀蟻肆肁蒃薃羂肀薅蝿袈聿芅薂螄肈莇螇蝕膇葿薀罿膆腿螆裊膅芁薈莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞

32、薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀

33、荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄

34、蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈

35、蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅

36、芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇

37、蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂肈蒞薈袂膁膈蒄袁袀莄莀薇羃膇芆薆肅莂薄薆螄膅薀薅羇蒀蒆薄聿芃莂薃膁肆蟻薂袁芁薇薁羃肄蒃蝕肆芀荿蝕螅肅芅蠆袈羋蚄蚈肀膁薀蚇膂莆蒅蚆袂腿莁蚅羄蒞芇蚄肇膇薆螄螆莃蒂螃袈膆莈螂羈莁莄螁膃芄蚃螀袃肇蕿蝿羅節(jié)蒅螈肇肅莁螈螇芁芇袇衿肅薅袆羂艿蒁裊膄肂蕆襖襖莇莃袃羆膀螞袂 浙 江 工 商 大

38、 學(xué) 財(cái) 務(wù) 與 會(huì) 計(jì) 學(xué) 院 本 科 畢 業(yè) 論 文 . 外文翻譯 浙 江 工 商 大 學(xué) 財(cái) 務(wù) 與 會(huì) 計(jì) 學(xué) 院 本 科 畢 業(yè) 論 文外文翻譯之一the focus of working capital managementin uk small firms（節(jié)選） author：carole howorth，paul westheadnationality：nottingham ng8 1bb, ukderivation: management accounting research no.14,2003, pp.94111abstractworking capital mana

39、gement routines of a large random sample of small companies in the uk are examined. considerable variability in the take-up of 11 working capital management routines was detected. principal components analysis and cluster analysis confirm the identification of four distinct types of companies with r

40、egard to patterns of working capital management. the first three types of companies focused upon cash management, stock or debtors routines respectively, whilst the fourth type were less likely to take-up any working capital management routines. influences on the amount and focus of working capital

41、management are discussed. multinomial logistic regression analysis suggests that the selected independent variables successfully discriminated between the four types of companies. the results suggest that small companies focus only on areas of working capital management where they expect to improve

42、marginal returns. the difficulties of establishing causality are highlighted and implications for academics, policy-makers and practitioners are reported.conclusions and implicationsthe aim of this study has been to encourage additional research, rather than to provide an exhaustive review of all th

43、e factors associated with the take-up of working capital management routines by small companies. three theories guided the selection of the independent variables explored in this study. the rbv highlighted that small firms have idiosyncratic bundles of resources associated with the take-up of workin

44、g capital management routines. agency theory identified the influence of external stakeholders as well as differences between small and large firms. transactions costs theory indicated that small firms might invest resources in specific areas of working capital management if they perceive them to of

45、fer the highest marginal return.the results consistently highlighted, across a variety of statistical tests, that small firms are not a homogenous group with regard to working capital management routines. considerable variability was detected in the take-up of 11 working capital management routines

46、by a large random sample of small companies in the uk. evidence from the pca and the cluster analysis confirmed the identification of four distinct types of companies with regard to-1 浙 江 工 商 大 學(xué) 財(cái) 務(wù) 與 會(huì) 計(jì) 學(xué) 院 本 科 畢 業(yè) 論 文the take-up of working capital management routines. moreover, evidence from the

47、 multinomial logistic regression analysis suggests that the selected independent variables successfully discriminated between the four types of companies. twelve out of the 18 hypotheses were supported. a further two hypotheses showed the anticipated relationship but were not significant discriminat

48、ors between the types of companies.evidence that the majority of small companies focus their efforts on one area of working capital management indicates that resources for working capital management are limited. however, a striking finding from the regression analysis was the detection that firms wh

49、ich utilize fewer working capital management routines were not necessarily smaller companies. we can infer here that resource constraints per se may not be the major barrier to the utilization of working capital management routines by smaller companies. instead, the results provide an indication tha

50、t the perceived marginal return on committing resources may be a major influence on the extent and focus of working capital management.however, we acknowledge that a cross-sectional study such as this one cannot establish causality and can only provide an indication of associations that warrant furt

51、her investigation. additional studies could usefully explore the stimuli leading to the utilisation of working capital management routines and the barriers to their take-up. the dynamics of working capital management are complex and the links with performance are bidirectional and difficult to unrav

52、el. small companies may invest resources into managing a particular area of working capital where they are performing badly because the returns from controlling the problem area are perceived to be high. if the direction of causality is not understood, an overly simplistic conclusion in this instanc

53、e could be that investment of more resources into an area leads to worse performance. the complexity of causality makes it difficult to establish the effect of working capital management routines on the performance of the firm. we can infer that firms with a lower propensity to undertake working cap

54、ital management routines are not significantly associated with increased cash flow problems, nor reduced profitability. there is some indication that these may be lifestyle firms but additional research is required before firm conclusions can be drawn. currently, it is not clear whether these laggar

55、d working capital firms are underperforming or have untapped potential for growth.in a similar way, the direction of causality is not clear with regard to the link between the take-up of working capital management routines and the level of financial skills in a firm. this study employed a simple pro

56、xy measure of financial sophistication. further research is warranted to investigate the direction and the strength of the links between the take-up of working capital management routines and financial management skills and training, education and prior experience. additional multivariate statistica

57、l studies are also required in a variety of national, cultural and industrial contexts to identify the combination of internal and external environmental factors associated with the-2 浙 江 工 商 大 學(xué) 財(cái) 務(wù) 與 會(huì) 計(jì) 學(xué) 院 本 科 畢 業(yè) 論 文take-up of working capital management routines by different employment size ban

58、ds of private firms (i.e. micro, small, medium and large).qualitative studies and longitudinal research will provide fresh insights into the processes and dynamics of working capital management, as well as the complex strands of causality (scapens, 1990).policy-makers and practitioners seeking to in

59、crease the stock of professionally managed firms, might need to target their assistance towards owners of small firms who face attitudinal, resource and operational barriers to the utilization of working capital management routines. presented evidence suggests that small companies should not be viewed as a homo generous entity with regard to their working capital management routines.policy-makers and practitioners need to appreciate this diversity and they may use the presented evi