{"id":15474,"date":"2026-08-25T12:04:42","date_gmt":"2026-08-25T12:04:42","guid":{"rendered":"https:\/\/xiaguangshe.com\/15474\/"},"modified":"2026-08-25T12:04:42","modified_gmt":"2026-08-25T12:04:42","slug":"%e4%bf%a1%e8%be%be%e7%94%9f%e7%89%a92026%e5%b9%b4%e5%ba%a6%e4%b8%ad%e6%9c%9f%e4%b8%9a%e7%bb%a9%e4%ba%ae%e7%82%b9","status":"publish","type":"post","link":"https:\/\/xiaguangshe.com\/en\/15474\/","title":{"rendered":"\u4fe1\u8fbe\u751f\u72692026\u5e74\u5ea6\u4e2d\u671f\u4e1a\u7ee9\u4eae\u70b9"},"content":{"rendered":"<div>\n<p class=\"prntac\"><b>\u4ece\u672c\u571f\u9886\u5148\u5230\u56fd\u9645\u4e00\u6d41\uff1a\u5168\u7403\u5316\u8f6c\u578b\u6218\u7565\u8def\u5f84\u6e05\u6670<\/b>\u00a0<\/p>\n<p>  <span class=\"legendSpanClass\">\u7f8e\u56fd\u65e7\u91d1\u5c71\u548c\u4e2d\u56fd\u82cf\u5dde<\/span><span class=\"legendSpanClass\">2026\u5e748\u670825\u65e5<\/span> \/\u7f8e\u901a\u793e\/ &#8212; \u4fe1\u8fbe\u751f\u7269\u5236\u836f\u96c6\u56e2\uff08\u9999\u6e2f\u8054\u4ea4\u6240\u80a1\u7968\u4ee3\u7801\uff1a01801\uff09\uff0c\u4e00\u5bb6\u81f4\u529b\u4e8e\u7814\u53d1\u3001\u751f\u4ea7\u548c\u9500\u552e\u80bf\u7624\u3001\u4ee3\u8c22\u53ca\u5fc3\u8840\u7ba1\u3001\u81ea\u8eab\u514d\u75ab\u3001\u773c\u79d1\u7b49\u91cd\u5927\u75be\u75c5\u9886\u57df\u521b\u65b0\u836f\u7269\u7684\u751f\u7269\u5236\u836f\u516c\u53f8<b>\u516c\u5e03<\/b><b>2026<\/b><b>\u5e74\u5ea6\u4e2d\u671f\u4e1a\u7ee9\u53ca\u516c\u53f8<\/b><b>2030<\/b><b>\u5e74\u6218\u7565\u613f\u666f<\/b>\u3002<\/p>\n<p>  <b>\u4fe1\u8fbe\u751f\u7269\u5236\u836f\u96c6\u56e2\u521b\u59cb\u4eba\u3001\u8463\u4e8b\u4f1a\u4e3b\u5e2d\u3001\u9996\u5e2d\u6267\u884c\u5b98\u4fde\u5fb7\u8d85\u535a\u58eb<\/b>\u8868\u793a\uff1a&#8221;\u56de\u987e\u524d\u5341\u4e94\u5e74\uff0c\u516c\u53f8\u5b8c\u6210\u4e86\u4e24\u6b21\u5173\u952e\u8f6c\u578b\uff1a2016-2020\u5e74\u4ece\u4e00\u5bb6\u7814\u53d1\u9a71\u52a8\u7684\u751f\u7269\u79d1\u6280\u516c\u53f8\uff0c\u8f6c\u578b\u4e3a\u5177\u5907\u7814\u53d1\u3001\u751f\u4ea7\u548c\u5546\u4e1a\u5316\u5168\u4ef7\u503c\u94fe\u80fd\u529b\u7684\u751f\u7269\u5236\u836f\u4f01\u4e1a\uff1b2021\u5e74-2025\u5e74\u4ece\u957f\u671f\u6295\u5165\u9636\u6bb5\uff0c\u8f6c\u578b\u4e3a\u5b9e\u73b0\u6536\u5165\u7a81\u7834\u767e\u4ebf\u5e76\u5168\u9762\u76c8\u5229\u7684\u516c\u53f8\u30022026\u5e74\u662f\u4fe1\u8fbe\u751f\u7269\u6700\u597d\u7684\u6218\u7565\u7a97\u53e3\u671f\uff0c\u501f\u6b64\u6211\u4eec\u63d0\u51fa\u4e862030\u5e74\u7684\u6218\u7565\u53d1\u5c55\u65b0\u76ee\u6807\uff0c\u6211\u4eec\u6709\u51b3\u5fc3\u4e5f\u6709\u4fe1\u5fc3\u63a8\u52a8\u7b2c\u4e09\u6b21\u5173\u952e\u8f6c\u578b\u2014\u2014\u4ece\u672c\u571f\u9886\u5148\u7684\u751f\u7269\u5236\u836f\u4f01\u4e1a\uff0c\u8fc8\u5411\u521d\u6b65\u5177\u5907\u8de8\u56fd\u8fd0\u8425\u80fd\u529b\u7684\u5168\u7403\u4e00\u6d41\u751f\u7269\u5236\u836f\u4f01\u4e1a\u3002<\/p>\n<p>2026\u5e74\u4e0a\u534a\u5e74\uff0c\u516c\u53f8\u6536\u5165\u5229\u6da6\u53cc\u7ebf\u589e\u957f\uff0c\u5728\u4e2d\u56fd\u751f\u7269\u5236\u836f\u884c\u4e1a\u7684\u9886\u5148\u5730\u4f4d\u8fdb\u4e00\u6b65\u51f8\u663e\uff0c\u786e\u5b9a\u6027\u548c\u6210\u957f\u6027\u517c\u5907\u7684\u7a00\u7f3a\u4ef7\u503c\u7a81\u51fa\u3002\u540c\u65f6\uff0c\u8fc7\u53bb10\u4e2a\u6708\u4e0e\u5168\u7403\u8de8\u56fd\u836f\u4f01\u6b66\u7530\u3001\u793c\u6765\u3001\u8f89\u745e\u8fbe\u6210\u591a\u9879\u6218\u7565\u5408\u4f5c\uff0c\u4e0eOllin\uff0cSpero\u7b49biotech\u5408\u4f5c\u63a8\u52a8\u5dee\u5f02\u5316\u7ba1\u7ebf\u5168\u7403\u5f00\u53d1\uff0c\u5408\u4f5c\u7ba1\u7ebf\u8d8520\u6b3e\uff0c\u5176\u4e2d\u5305\u62ec5\u6b3e\u5171\u540c\u5f00\u53d1\u53ca\u5171\u540c\u5546\u4e1a\u5316\uff08Co-Co)\u9879\u76ee\uff0c\u5408\u4f5c\u603b\u91d1\u989d\u8fbe340\u4ebf\u7f8e\u5143\uff0c\u5360\u4e2d\u56fd\u836f\u4f01\u540c\u671f\u5bf9\u5916\u6388\u6743\u603b\u989d\u768430%<sup>[1]<\/sup>\u4ee5\u4e0a\u3002\u516c\u53f8\u6b63\u5904\u5728\u6218\u7565\u53d1\u5c55\u6700\u597d\u7684\u7a97\u53e3\u671f\uff0c\u6211\u4eec\u5c06\u7ee7\u7eed\u4ee5\u6e05\u6670\u7684\u6218\u7565\u548c\u7a33\u5065\u7684\u6267\u884c\uff0c\u5b9e\u73b0\u6536\u5165\u4e0e\u5229\u6da6\u5e76\u8fdb\u7684\u9ad8\u8d28\u91cf\u53d1\u5c55\uff0c\u5de9\u56fa\u5e76\u653e\u5927\u5728\u80bf\u7624\u548c\u7efc\u5408\u7ba1\u7ebf&#8221;\u53cc\u8f6e\u9a71\u52a8&#8221;\u4f18\u52bf\uff0c\u52a0\u5feb\u63a8\u8fdb\u5168\u7403\u5316\u5e03\u5c40\uff0c\u671d\u77402030\u5e74\u6218\u7565\u76ee\u6807\u8fc8\u8fdb\uff0c\u4e3a\u80a1\u4e1c\u548c\u793e\u4f1a\u6301\u7eed\u521b\u9020\u957f\u671f\u4ef7\u503c\u3002&#8221;<\/p>\n<p><b>2026<\/b><b>\u5e74\uff1a\u53d1\u5c55\u6218\u7565\u7a97\u53e3\u671f\uff0c\u89c4\u6a21\u4e0e\u76c8\u5229\u5feb\u901f\u589e\u957f\uff0c\u6301\u7eed\u9ad8\u8d28\u91cf\u53d1\u5c55<\/b><\/p>\n<ul type=\"disc\">\n<li>2026\u5e74\u4e0a\u534a\u5e74\uff0c\u516c\u53f8\u603b\u8425\u6536<b>86<\/b><b>\u4ebf\u5143<\/b>\uff0c\u540c\u6bd4\u589e\u957f<b>45%<\/b>\uff0c\u5176\u4e2d\u4ea7\u54c1\u6536\u5165<b>82<\/b><b>\u4ebf\u5143<\/b>\uff0c\u540c\u6bd4\u589e\u957f<b>57%<\/b>\u3002\u5728\u767e\u4ebf\u6536\u5165\u7684\u65b0\u8d77\u70b9\u4e0a\uff0c\u516c\u53f8\u4fdd\u6301\u9ad8\u901f\u589e\u957f\uff0c\u80bf\u7624\u4e0e\u7efc\u5408\u7ba1\u7ebf\u53cc\u8f6e\u9a71\u52a8\u6218\u7565\u5353\u7136\u6709\u6548\u3002<\/li>\n<li>\u5f97\u76ca\u4e8e\u6536\u5165\u5feb\u901f\u589e\u957f\u3001\u751f\u4ea7\u6548\u7387\u6301\u7eed\u63d0\u5347\u53ca\u7cbe\u7ec6\u5316\u8fd0\u8425\u7ba1\u7406\uff0c\u516c\u53f8\u5229\u6da6\u6c34\u5e73\u6301\u7eed\u6539\u5584\u30022026\u5e74\u4e0a\u534a\u5e74\u56fd\u9645\u8d22\u52a1\u62a5\u544a\u51c6\u5219\uff08IFRS\uff09\u53e3\u5f84\u51c0\u5229\u6da6\u7ea6<b>13<\/b><b>\u4ebf\u5143<\/b>\uff0c\u540c\u6bd4\u589e\u957f<b>50%<\/b>\uff1b\u975e\u56fd\u9645\u8d22\u52a1\u62a5\u544a\u51c6\u5219\uff08Non-IFRS\uff09\u5229\u6da6\u8fbe<b>17<\/b><b>\u4ebf\u5143<\/b>\uff0c\u540c\u6bd4\u589e\u957f<b>41%<\/b>\u3002\u516c\u53f8\u5df2\u7ecf\u8fdb\u5165&#8221;\u89c4\u6a21\u6269\u5f20\u548c\u76c8\u5229\u8d28\u91cf&#8221;\u5e76\u8fdb\u7684\u5d2d\u65b0\u9636\u6bb5\uff0c\u5f15\u9886\u751f\u7269\u5236\u836f\u516c\u53f8\u9ad8\u8d28\u91cf\u53d1\u5c55\u7684\u65b0\u8303\u5f0f\u3002<\/li>\n<li>\u622a\u81f32026\u5e747\u670831\u65e5\uff0c\u516c\u53f8\u73b0\u91d1\u50a8\u5907<b>302<\/b><b>\u4ebf\u5143<\/b>\uff0c\u7ea6\u6298\u5408<b>45<\/b><b>\u4ebf\u7f8e\u5143<\/b>\u3002\u6b64\u5916\uff0c\u516c\u53f8\u6301\u7eed\u5b9e\u73b0\u4e86\u6b63\u5411\u73b0\u91d1\u6d41\uff0c\u4e3a\u516c\u53f8\u957f\u671f\u53d1\u5c55\u63d0\u4f9b\u4e86\u575a\u5b9e\u6709\u529b\u7684\u8d44\u91d1\u4fdd\u969c\u3002<\/li>\n<\/ul>\n<p><b>\u5c55\u671b<\/b><b>2030<\/b><b>\uff1a\u4ece\u672c\u571f\u9886\u5148\u8fc8\u5411\u56fd\u9645\u4e00\u6d41<\/b><\/p>\n<p><i>\u5728\u6301\u7eed\u9ad8\u8d28\u91cf\u589e\u957f\u548c\u7cfb\u7edf\u6027\u5e03\u5c40\u57fa\u7840\u4e0a\uff0c\u516c\u53f8\u660e\u786e<\/i><i>2030<\/i><i>\u5e74\u53d1\u5c55\u76ee\u6807<\/i><\/p>\n<ul type=\"disc\">\n<li>\u6536\u5165\u89c4\u6a21\uff1a\u57fa\u4e8e\u73b0\u6709\u4e1a\u52a1\u548c\u7ba1\u7ebf\u7684\u5185\u751f\u589e\u957f\uff0c2030\u5e74\u603b\u6536\u5165\u76ee\u6807350\u2013400\u4ebf\u5143\u4eba\u6c11\u5e01\u3002<\/li>\n<li>\u6301\u7eed\u5229\u6da6\uff1a\u6536\u5165\u89c4\u6a21\u6269\u5f20\uff0c\u751f\u4ea7\u8fd0\u8425\u63d0\u6548\uff0c2030\u5e74\u5229\u6da6\u7387\u9010\u6b65\u63d0\u5347\u81f3\u4e00\u6d41\u521b\u65b0\u836f\u4f01\u6c34\u5e73\u3002<\/li>\n<li>\u5168\u7403\u521b\u65b0\uff1a2030\u5e74\u63a8\u8fdb\u81f3\u5c115\u4e2a\u5206\u5b50\u8fdb\u5165\u5168\u7403\u591a\u4e2d\u5fc3III\u671f\u7814\u7a76\uff0c\u5e76\u5b9e\u73b0\u4ea7\u54c1\u5728\u6b27\u7f8e\u5173\u952e\u5e02\u573a\u4e0a\u5e02\uff0c\u6d77\u5916\u4ea7\u54c1\u6536\u5165\u5f00\u59cb\u4ea7\u751f\u8d21\u732e\u3002<\/li>\n<li>\u5168\u7403\u8fd0\u8425\uff1a\u5efa\u7acb\u8de8\u56fd\u8fd0\u8425\u7684\u914d\u5957\u80fd\u529b\u548c\u4f53\u7cfb\u67b6\u6784\uff0c\u5b9e\u73b0\u5411\u72ec\u7acb\u81ea\u4e3b\u7684\u56fd\u9645\u4e00\u6d41\u751f\u7269\u836f\u4f01\u7684\u8de8\u8d8a\u5f0f\u53d1\u5c55\u3002<\/li>\n<\/ul>\n<p><b>\u4ece&#8221;\u5355\u54c1\u589e\u957f&#8221;\u8d70\u5411&#8221;\u7ec4\u5408\u9a71\u52a8&#8221;\uff0c\u53cc\u8f6e\u9a71\u52a8\u91ca\u653e\u589e\u957f\u52a8\u80fd<\/b><\/p>\n<p><i>\u4e2d\u56fd\u9886\u5148\u7684\u80bf\u7624\u54c1\u724c\uff0c\u5de9\u56fa\u91cd\u70b9\u9886\u57df\u4f18\u52bf\uff0c\u6218\u7565\u62d3\u5c55\u6838\u5fc3\u9886\u57df<\/i><\/p>\n<p>\u5728\u80bf\u7624\u9886\u57df\uff0c\u516c\u53f8\u5728\u80ba\u764c\u3001\u6d88\u5316\u9053\u80bf\u7624\u3001\u8840\u6db2\u80bf\u7624\u7b49\u6838\u5fc3\u9002\u5e94\u75c7\u4e0a\u5df2\u5efa\u7acb\u8d77\u8f83\u5f3a\u7684\u4ea7\u54c1\u7ec4\u5408\u4e0e\u54c1\u724c\u5f71\u54cd\u529b\uff0c\u5e76\u56f4\u7ed5\u65b0\u4e00\u4ee3<b>&#8220;<\/b><b>IO+ADC&#8221;<\/b>\u521b\u65b0\u7ba1\u7ebf\uff0c\u63a8\u8fdbIBI363(PD-1\/IL-2<sup>\u03b1-biased<\/sup>)\u3001IBI343\uff08CLDN18.2 ADC)\u3001IBI3003(GPRC5D\/BCMA\/CD3) \u7b49\u65b0\u4e00\u4ee3\u4ea7\u54c1\u7ec4\u5408\u81f3\u4e34\u5e8a\u540e\u671f\u9636\u6bb5\uff0c\u5728\u591a\u4e2a\u5173\u952e\u8d5b\u9053\u4e0a\u5e03\u5c40\u4e2d\u957f\u671f\u589e\u957f\u70b9\uff0c\u6784\u5efa\u7ade\u4e89\u4f18\u52bf\u3002<\/p>\n<p>\u540c\u65f6\uff0c\u901a\u8fc7\u4e0e\u793c\u6765\u5728\u4e73\u817a\u764c\u4ea7\u54c1\u552f\u62e9<sup>\u00ae<\/sup>\uff08\u963f\u8d1d\u897f\u5229\u7247\uff09\u4e0a\u7684\u5408\u4f5c\uff0c\u516c\u53f8\u5207\u5165\u53c8\u4e00\u9ad8\u53d1\u6838\u5fc3\u7624\u79cd\uff0c\u5e76\u4e0e\u540e\u7eed\u7ba1\u7ebf\u5982 IBI354(HER2 ADC)\u3001IBI3014(PD-L1\/TROP2 ADC) \u7b49\u5f62\u6210\u4e92\u8865\uff0c\u4e3a\u672a\u6765\u5728\u4e73\u817a\u764c\u7b49\u9886\u57df\u7684\u7cfb\u7edf\u6027\u5e03\u5c40\u5960\u5b9a\u57fa\u7840\u3002<\/p>\n<p><i>\u5d1b\u8d77\u7684\u6162\u75c5\u521b\u65b0\u54c1\u724c\uff0c\u8d21\u732e\u589e\u957f\u65b0\u5f15\u64ce<\/i><\/p>\n<p>\u516c\u53f8\u5728\u4ee3\u8c22\u3001\u5fc3\u8840\u7ba1\u3001\u773c\u79d1\u3001\u81ea\u8eab\u514d\u75ab\u56db\u5927\u6162\u75c5\u9886\u57df\u987a\u5229\u5e03\u5c40\uff0c\u7efc\u5408\u7ba1\u7ebf\u5df2\u6210\u4e3a\u516c\u53f8\u53e6\u4e00\u6838\u5fc3\u652f\u67f1\u3002\u4fe1\u5fc5\u654f<sup>\u00ae<\/sup>\uff08\u66ff\u59a5\u5c24\u5355\u6297N01\u6ce8\u5c04\u6db2\uff0c\u4e2d\u56fd70\u5e74\u6765\u9996\u4e2a\u7532\u72b6\u817a\u773c\u75c5\u7a81\u7834\u6027\u521b\u65b0\u836f\uff09\u3001\u4fe1\u5c14\u7f8e<sup>\u00ae<\/sup>\uff08\u739b\u4ed5\u5ea6\u80bd\u6ce8\u5c04\u6db2\uff0c\u5168\u7403\u9996\u4e2a\u4e14\u552f\u4e00\u83b7\u6279\u7684GCG\/GLP-1\u53cc\u9776\u51cf\u91cd\u964d\u7cd6\u836f\u7269\uff09\u3001\u4fe1\u5fc5\u4e50<sup>\u00ae<\/sup>\uff08\u6258\u83b1\u897f\u5355\u6297\u6ce8\u5c04\u6db2\uff0c\u9996\u4e2a\u7eb3\u5165\u56fd\u5bb6\u533b\u4fdd\u7684\u4e2d\u56fd\u539f\u7814PCSK9\u6291\u5236\u5242\uff09\u81ea\u4e0a\u5e02\u4ee5\u6765\u5747\u5c55\u73b0\u51fa\u4e86\u5f3a\u52b2\u7684\u589e\u957f\u52bf\u5934\uff0c\u81ea\u514d\u9886\u57df\u7684\u57fa\u77f3\u4ea7\u54c1\u4fe1\u7f8e\u60a6<sup>\u00ae<\/sup>\uff08\u5339\u5eb7\u5947\u62dc\u5355\u6297\u6ce8\u5c04\u6db2\uff09\u4e5f\u4e8e2025\u5e74\u5e95\u6210\u529f\u83b7\u6279\u3002<\/p>\n<p>\u540c\u65f6\uff0c\u4ee5 IBI3032\uff08\u53e3\u670d GLP\u20111 \u65e5\u5236\u5242\uff09\u3001IBI3042\uff08\u53e3\u670d GLP\u20111 \u5468\u5236\u5242\uff09\u3001IBI3040\uff08Amylin\uff09\u3001IBI3046\uff08INHBE siRNA\uff09\u3001IBI3030\uff08PCSK9-GGG \u6708\u5236\u5242\uff09\u4e3a\u4ee3\u8868\u7684\u4e0b\u4e00\u4ee3\u4ee3\u8c22\u4e0e\u80a5\u80d6\u7ba1\u7ebf\uff0c\u4e3a\u516c\u53f8\u5728\u5168\u7403\u80a5\u80d6\u53ca\u4ee3\u8c22\u7ba1\u7406\u9886\u57df\u63d0\u4f9b\u4e86\u957f\u8fdc\u7684\u589e\u957f\u50a8\u5907\u3002\u5728\u5fc3\u8840\u7ba1\u3001\u81ea\u8eab\u514d\u75ab\u548c\u773c\u79d1\u7b49\u9886\u57df\uff0c\u516c\u53f8\u4e5f\u901a\u8fc7&#8221;\u73b0\u6709\u9ad8\u6f5c\u529b\u4ea7\u54c1 + \u4e0b\u4e00\u4ee3\u521b\u65b0\u5206\u5b50&#8221;\u7684\u7ec4\u5408\uff0c\u9010\u6b65\u5f62\u6210\u5404\u81ea\u9886\u57df\u7684\u4ea7\u54c1\u96c6\u7fa4\u548c\u957f\u671f\u7ade\u4e89\u529b\u3002<\/p>\n<p><b>\u4e09\u5927\u540e\u671f\u5168\u7403\u5316\u8d44\u4ea7\u64ac\u52a8\u8d85<\/b><b>600<\/b><b>\u4ebf\u7f8e\u5143\u6f5c\u5728\u7a7a\u95f4\uff0c20<\/b><b>+<\/b><b>\u6b3e\u5168\u7403\u5408\u4f5c\u7ba1\u7ebf\u6784\u5efa\u51fa\u6d77\u68af\u961f<\/b><\/p>\n<p>\u5728\u56fd\u9645\u5316\u4e0e BD \u5c42\u9762\uff0c\u516c\u53f8\u56f4\u7ed5\u6838\u5fc3\u7ba1\u7ebf\uff0c\u901a\u8fc7\u591a\u5143\u6a21\u5f0f\u6709\u5e8f\u63a8\u8fdb\u5168\u7403\u5f00\u53d1\u4e0e\u5546\u4e1a\u5316\u5e03\u5c40\u3002\u76ee\u524d\uff0c\u5df2\u6709\u4e09\u9879\u6838\u5fc3\u8d44\u4ea7\u8fdb\u5165\u6216\u5373\u5c06\u8fdb\u5165\u5168\u7403\u591a\u4e2d\u5fc3III\u671f\u4e34\u5e8a\uff0c\u5176\u5408\u8ba1\u6f5c\u5728\u5e02\u573a\u7a7a\u95f4\u9884\u8ba1\u8d85\u8fc7600\u4ebf\u7f8e\u5143\uff0c\u6709\u671b\u6210\u4e3a\u672a\u6765\u51e0\u5e74\u516c\u53f8\u4ef7\u503c\u7684\u6838\u5fc3\u589e\u957f\u70b9\uff1a<\/p>\n<p><i>IBI363(PD-1\/IL-2<\/i><i><sup>\u03b1-biased<\/sup><\/i><i>\uff0c\u6b66\u7530\u7814\u53d1\u4ee3\u53f7\uff1a<\/i><i>TAK-928<\/i><i>\uff09\uff1a\u5b9a\u4f4d\u4e0b\u4e00\u4ee3<\/i><i>IO<\/i><i>\u57fa\u77f3\u7597\u6cd5\uff0c\u9996\u6279\u9002\u5e94\u75c7\u6f5c\u5728\u5168\u7403\u5e02\u573a\u7a7a\u95f4\u8d85<\/i><i>400<\/i><i>\u4ebf\u7f8e\u5143\uff0c\u4e0e\u6b66\u7530\u7d27\u5bc6\u5408\u4f5c\u63a8\u8fdb\u5168\u7403\u5f00\u53d1<\/i><\/p>\n<ul type=\"disc\">\n<li>\u5168\u7403\u591a\u4e2d\u5fc3\u4e34\u5e8aIII\u671f\u7814\u7a76MarsLight-11\u8fdb\u884c\u4e2d\uff0c\u5e76\u5c06\u57fa\u4e8e\u76d1\u7ba1\u6c9f\u901a\uff0c\u4eceIO\u8010\u836f\u9cde\u72b6\u975e\u5c0f\u7ec6\u80de\u80ba\u764c\uff08NSCLC\uff09\u62d3\u5c55\u81f3IO\u8010\u836f\u975e\u9cde\u72b6NSCLC\uff1b<\/li>\n<li>\u9ed1\u8272\u7d20\u7624\u4e2d\u56fd\u5173\u952e\u4e34\u5e8aII\u671f\u9884\u8ba12026\u5e74\u4e0b\u534a\u5e74\u8bfb\u51fa\u6570\u636e\uff0c\u6709\u671b\u652f\u6301IBI363\u9996\u4e2a\u65b0\u836f\u4e0a\u5e02\u7533\u8bf7\uff1b<\/li>\n<li>\u5728\u4e00\u7ebf\u975e\u5c0f\u7ec6\u80de\u80ba\u764c\u4e2d\u8bfb\u51fa\u521d\u6b65\u79ef\u6781PoC\u7ed3\u679c\uff0c\u5728\u4e00\u7ebf\u975e\u5c0f\u7ec6\u80de\u80ba\u764c\u548c\u4e00\u7ebf\u7ed3\u76f4\u80a0\u764cPoC\u7814\u7a76\u6301\u7eed\u968f\u8bbf\u4e2d\uff0c\u5e76\u5728\u5176\u4ed6\u7624\u79cd\u4e2d\u63a8\u8fdbPoC\u7814\u7a76\uff0c\u4e3aIBI363\u6210\u4e3a\u6f5c\u5728\u65b0\u4e00\u4ee3IO\u57fa\u77f3\u54c1\u79cd\u5960\u5b9a\u57fa\u7840\u3002<\/li>\n<\/ul>\n<p><i>\u5766\u5eb7\u963f\u59a5\u5854\u5355\u6297\uff08<\/i><i>CLDN18.2 ADC, <\/i><i>\u4fe1\u8fbe<\/i><i>\/<\/i><i>\u6b66\u7530\u7814\u53d1\u4ee3\u53f7\uff1a<\/i><i>IBI343\/TAK-921<\/i><i>\uff09\uff1a\u5168\u7403\u9996\u4e2a<\/i><i>NDA<\/i><i>\u9636\u6bb5\u7684\u65b0\u4e00\u4ee3<\/i><i>Fc<\/i><i>\u6c89\u9ed8\u578b<\/i><i>CLDN18.2 ADC<\/i><i>\uff0c\u6f5c\u5728\u5168\u7403\u5e02\u573a\u7a7a\u95f4\u8d85<\/i><i>80<\/i><i>\u4ebf\u7f8e\u5143<\/i><\/p>\n<ul type=\"disc\">\n<li>\u4e2d\u65e5\u591a\u4e2d\u5fc3III\u671f\u7814\u7a76\u5b8c\u6210\u9996\u6b21\u671f\u4e2d\u5206\u6790\u5e76\u8fbe\u5230\u4e3b\u8981\u7ec8\u70b9\uff0c\u5df2\u7387\u5148\u5411\u4e2d\u56fdNMPA\u9012\u4ea4\u4e0a\u5e02\u7533\u8bf7\u7528\u4e8e\u5728CLDN18.2\u9633\u6027\u665a\u671f\u80c3\u764c\u540e\u7ebf\u6cbb\u7597\uff1b<\/li>\n<li>\u4e00\u7ebf\u80f0\u817a\u764c\u7684\u4e34\u5e8aIII\u671f\u7814\u7a76\u8ba1\u5212\u5728\u4e2d\u56fd\u542f\u52a8<\/li>\n<li>\u5728\u4e00\u7ebf\u80f0\u817a\u764c\u3001\u4e00\u7ebf\u80c3\u764c\u7684\u56fd\u9645\u591a\u4e2d\u5fc3PoC\u4e34\u5e8a1\u671f\u7814\u7a76\u6301\u7eed\u63a8\u8fdb<\/li>\n<\/ul>\n<p><i>IBI324(VEGF\/ANG-2<\/i><i>\uff0c<\/i><i>Ollin<\/i><i>\u7814\u53d1\u4ee3\u53f7<\/i><i>: OLN324)<\/i><i>\uff1a\u6f5c\u5728\u75be\u75c5\u540c\u7c7b\u6700\u4f73\u773c\u5e95\u75c5\u7597\u6cd5\uff0c\u6f5c\u5728\u5168\u7403\u5e02\u573a\u7a7a\u95f4<\/i><i>150<\/i><i>\u4ebf\u7f8e\u5143<\/i><\/p>\n<ul type=\"disc\">\n<li>\u516c\u53f8\u5408\u4f5c\u4f19\u4f34Ollin Biosciences\u5728\u4e00\u9879\u7f8e\u56fdDME\u548cnAMD\u60a3\u8005\u4e2d\u5f00\u5c55\u7684\u5934\u5bf9\u5934\u6cd5\u745e\u897f\u5355\u6297\u7684Ib\u671fJADE\u4e34\u5e8a\u7814\u7a76\u8bfb\u51fa\u79ef\u6781\u7ed3\u679c\u3002<\/li>\n<li>Ollin Biosciences\u8ba1\u5212\u4e8e2026\u5e74\u4e0b\u534a\u5e74\u542f\u52a8\u9488\u5bf9DME\u548cnAMD\u7684\u5168\u7403\u591a\u4e2d\u5fc3III\u671f\u4e34\u5e8a\u7814\u7a76\uff0c\u5e76\u5c06\u4e0e\u672c\u516c\u53f8\u5408\u4f5c\u5728\u4e2d\u56fd\u548c\u97e9\u56fd\u62db\u52df\u60a3\u8005\u3002<\/li>\n<\/ul>\n<p><b>\u591a\u5143\u5316\u5168\u7403\u5408\u4f5c\uff0c\u52a0\u901f\u4ef7\u503c\u5151\u73b0<\/b><\/p>\n<ul type=\"disc\">\n<li>\u5728\u8fc7\u53bb10\u4e2a\u6708\uff0c\u516c\u53f8\u9646\u7eed\u4e0e\u5168\u7403\u8de8\u56fd\u836f\u4f01\u6b66\u7530\u3001\u793c\u6765\u3001\u8f89\u745e\u8fbe\u6210\u6218\u7565\u6027\u591a\u4ea7\u54c1\u5408\u4f5c\uff0c\u4e0eOllin\uff0cSpero\u7b49biotech\u5728\u7279\u5b9a\u75be\u75c5\u9886\u57df\u63a8\u52a8\u5177\u6709\u5dee\u5f02\u5316\u7684\u7ba1\u7ebf\u5feb\u901f\u9a8c\u8bc1\u3002\u5408\u4f5c\u603b\u91d1\u989d\u8fbe340\u4ebf\u7f8e\u5143\uff0c\u5408\u4f5c\u7ba1\u7ebf\u8d8520\u4f59\u6b3e\uff0c\u5176\u4e2d\u5305\u62ec5\u4e2a\u5171\u540c\u5f00\u53d1\u3001\u5171\u540c\u5546\u4e1a\u5316\uff08Co-Co\uff09\u5408\u4f5c\u9879\u76ee\u3002<\/li>\n<li>\u516c\u53f8\u5c06\u501f\u52a9\u591a\u5143\u5408\u4f5c\u6a21\u5f0f\uff0c\u9010\u6b65\u6253\u9020\u6d77\u5916\u7814\u53d1\u548c\u5546\u4e1a\u5316\u80fd\u529b\uff0c\u5e76\u6210\u957f\u4e3a\u771f\u6b63\u5177\u5907\u8de8\u56fd\u8fd0\u8425\u80fd\u529b\u7684\u56fd\u9645\u4e00\u6d41\u751f\u7269\u5236\u836f\u4f01\u4e1a\u3002<\/li>\n<\/ul>\n<p><b>\u575a\u5b88\u9ad8\u8d28\u91cf\u751f\u4ea7\u6807\u51c6<\/b><\/p>\n<ul type=\"circle\">\n<li>\u672c\u516c\u53f8\u62e5\u6709\u6309\u7167\u56fd\u9645\u6807\u51c6\u5efa\u8bbe\u7684\u5148\u8fdb\u751f\u4ea7\u8bbe\u65bd\uff0c\u82cf\u5dde\u57fa\u5730\u4e8e\u8fd1\u671f\u901a\u8fc7\u4e86\u6b27\u76dfGMP\u5ba1\u67e5\u5e76\u83b7\u5f97GMP\u8bc1\u4e66\u3002<\/li>\n<li>\u5df2\u6295\u5165\u4f7f\u7528\u4ea7\u80fd\u517114\u4e07\u5347\uff0c\u5360\u5168\u56fd\u751f\u7269\u836f\u603b\u4ea7\u80fd20%\u3002\u5176\u4e2d\u82cf\u5dde\u57fa\u5730\u62e5\u67096\u4e07\u5347\u6297\u4f53\u4ea7\u80fd\u548cADC\u4ea7\u4e1a\u5316\u751f\u4ea7\u7ebf\uff0c\u676d\u5dde\u57fa\u5730\u62e5\u67098\u4e07\u5347\u5df2\u5efa\u6210\u6297\u4f53\u4ea7\u80fd\uff0c\u4fdd\u969c\u5168\u7403\u4f9b\u5e94\u548cCDMO\u4e1a\u52a1\u3002<\/li>\n<\/ul>\n<p><b>\u53ef\u6301\u7eed\u53d1\u5c55 \u5207\u5b9e\u8df5\u884c<\/b><b>ESG<\/b><b>\u627f\u8bfa<\/b><\/p>\n<ul type=\"disc\">\n<li>\u8d85\u8fc79000\u540d\u5458\u5de5\u904d\u5e03\u5168\u7403\uff0c\u5168\u7403\u7814\u53d1\u4e2d\u5fc3\u5206\u522b\u5750\u843d\u4e8e\u65e7\u91d1\u5c71\u3001\u4e0a\u6d77\u3001\u82cf\u5dde<\/li>\n<li>\u6bcf\u5929\u8d85\u8fc73000\u540d\u65b0\u7684\u80bf\u7624\u60a3\u8005\u5f00\u59cb\u4f7f\u7528\u4fe1\u8fbe\u751f\u7269\u7814\u53d1\u7684\u836f\u7269\uff0c\u622a\u6b62\u76ee\u524d\u8d85\u8fc71000\u4e07\u60a3\u8005\u53d7\u76ca\u4e8e\u4fe1\u8fbe\u751f\u7269\u7684\u521b\u65b0\u836f\u4ea7\u54c1<\/li>\n<li>MSCI ESG\u8bc4\u7ea7\u7ef4\u6301AAA\uff0c\u5728\u4e2d\u56fd\u533b\u836f\u884c\u4e1a\u5904\u4e8e\u9886\u5148\u6c34\u5e73<\/li>\n<li>\u9996\u4e2a\u7eb3\u5165\u6052\u751f\u6307\u6570\u7684\u751f\u7269\u521b\u65b0\u836f&#8221;\u84dd\u7b79&#8221;\u80a1<\/li>\n<li>\u54cd\u5e94&#8221;\u4f53\u91cd\u7ba1\u7406\u5e74&#8221;\u53f7\u53ec\uff0c\u521b\u65b0\u53d1\u5e03\u300a\u51cf\u91cd\u65e0\u96be\u4e8b\u300b\u516c\u76caMV\uff0c\u5021\u5bfc\u79d1\u5b66\u5065\u5eb7\u51cf\u91cd\uff1b\u53d1\u5e03\u300a\u4f53\u91cd\u5411\u4e0b\u3001\u4eba\u751f\u5411\u4e0a\u300b\u516c\u76ca\u7247\uff0c\u4fc3\u8fdb\u80a5\u80d6\u4e0e\u8102\u80aa\u809d\u65e9\u7b5b\u65e9\u6cbb\u7406\u5ff5\u7684\u843d\u5730<\/li>\n<li>\u652f\u6301\u63a8\u51fa\u300a\u7532\u72b6\u817a\u773c\u75c5\u79d1\u666e\u6559\u80b2\u624b\u518c\u300b\u3001\u300a\u533b\u751f\u6559\u4f60\u79d1\u5b66\u51cf\u91cd\u300b\u75be\u75c5\u79d1\u666e\u4e66\u7c4d\uff0c\u63a8\u52a8\u793e\u4f1a\u5065\u5eb7\u610f\u8bc6\u63d0\u5347<\/li>\n<li>\u53d1\u8d77\u3001\u53c2\u4e0e\u591a\u9879\u60a3\u8005\u63f4\u52a9\u9879\u76ee\uff0c\u7d2f\u8ba1\u5df2\u60e0\u53ca20\u4f59\u4e07\u666e\u901a\u60a3\u8005\uff0c\u836f\u7269\u6350\u8d60\u603b\u4ef7\u503c40\u4ebf\u5143\u4eba\u6c11\u5e01<\/li>\n<li>\u8363\u83b7&#8221;\u533b\u7597\u516c\u76ca\u63a8\u52a8\u8005&#8221;\u516c\u76ca\u8363\u8a89\u5956\u9879\u548c&#8221;\u4e2d\u56fd\u516c\u76ca\u4f01\u4e1a&#8221;\u79f0\u53f7\uff0c\u6765\u81ea\u793e\u4f1a\u5404\u754c\u7684\u8ba4\u53ef\uff0c\u6fc0\u52b1\u7740\u6211\u4eec\u6301\u7eed\u56de\u9988\u793e\u4f1a<\/li>\n<li>\u7d2f\u8ba1\u4e3a\u5e94\u5c4a\u751f\u63d0\u4f9b2700\u591a\u4efd\u5c31\u4e1a\u5c97\u4f4d<\/li>\n<li>\u622a\u81f3\u76ee\u524d\u4fe1\u8fbe\u751f\u7269\u5236\u836f\u96c6\u56e2\u7d2f\u8ba1\u7eb3\u5404\u7c7b\u7a0e\u8d39\u7b4990\u591a\u4ebf\u4eba\u6c11\u5e01<\/li>\n<\/ul>\n<p>[1]. \u6570\u636e\u6765\u6e90: \u533b\u836f\u9b54\u65b9Next Pharma\u6570\u636e\u5e93\u3002<\/p>\n<p><b>\u5173\u4e8e\u4fe1\u8fbe\u751f\u7269<\/b><\/p>\n<p>&#8220;\u59cb\u4e8e\u4fe1\uff0c\u8fbe\u4e8e\u884c&#8221;\uff0c\u5f00\u53d1\u51fa\u8001\u767e\u59d3\u7528\u5f97\u8d77\u7684\u9ad8\u8d28\u91cf\u751f\u7269\u836f\uff0c\u662f\u4fe1\u8fbe\u751f\u7269\u7684\u4f7f\u547d\u548c\u76ee\u6807\u3002\u4fe1\u8fbe\u751f\u7269\u6210\u7acb\u4e8e2011\u5e74\uff0c\u81f4\u529b\u4e8e\u7814\u53d1\u3001\u751f\u4ea7\u548c\u9500\u552e\u80bf\u7624\u3001\u81ea\u8eab\u514d\u75ab\u3001\u4ee3\u8c22\u3001\u773c\u79d1\u7b49\u91cd\u5927\u75be\u75c5\u9886\u57df\u7684\u521b\u65b0\u836f\u7269\uff0c\u8ba9\u6211\u4eec\u7684\u5de5\u4f5c\u60e0\u53ca\u66f4\u591a\u7684\u751f\u547d\u3002\u516c\u53f8\u5df2\u670920\u4e2a\u4ea7\u54c1\u83b7\u5f97\u6279\u51c6\u4e0a\u5e02\uff0c\u5b83\u4eec\u5206\u522b\u662f\u4fe1\u8fea\u5229\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u8fbe\u4f2f\u8212<sup>\u00ae<\/sup>\uff09\uff0c\u8d1d\u4f10\u73e0\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u8fbe\u6538\u540c<sup>\u00ae<\/sup>\uff09\uff0c\u963f\u8fbe\u6728\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u82cf\u7acb\u4fe1<sup>\u00ae<\/sup>\uff09\uff0c\u5229\u59a5\u6614\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u8fbe\u4f2f\u534e<sup>\u00ae<\/sup>\uff09\uff0c\u4f69\u7c73\u66ff\u5c3c\u7247\uff08\u8fbe\u4f2f\u5766<sup>\u00ae<\/sup>\uff09\uff0c\u5965\u96f7\u5df4\u66ff\u5c3c\u7247\uff08\u8010\u7acb\u514b<sup>\u00ae<\/sup>\uff09\uff0c \u96f7\u83ab\u897f\u5c24\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u5e0c\u5189\u62e9<sup>\u00ae<\/sup>\uff09\uff0c\u585e\u666e\u66ff\u5c3c\u80f6\u56ca\uff08\u777f\u59a5<sup>\u00ae<\/sup>\uff09\uff0c\u4f0a\u57fa\u5965\u4ed1\u8d5b\u6ce8\u5c04\u6db2\uff08\u798f\u53ef\u82cf<sup>\u00ae<\/sup>\uff09\uff0c\u6258\u83b1\u897f\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u4fe1\u5fc5\u4e50<sup>\u00ae<\/sup>\uff09\uff0c\u6c1f\u6cfd\u96f7\u585e\u7247\uff08\u8fbe\u4f2f\u7279<sup>\u00ae<\/sup>\uff09\uff0c\u5339\u59a5\u5e03\u66ff\u5c3c\u7247(\u6377\u5e15\u529b<sup>\u00ae<\/sup>)\uff0c\u5df1\u4e8c\u9178\u4ed6\u96f7\u66ff\u5c3c\u80f6\u56ca\uff08\u8fbe\u4f2f\u4e50<sup>\u00ae<\/sup>\uff09\uff0c\u5229\u5384\u66ff\u5c3c\u7247\uff08\u5965\u58f9\u65b0<sup>\u00ae<\/sup>\uff09\uff0c\u66ff\u59a5\u5c24\u5355\u6297N01\u6ce8\u5c04\u6db2\uff08\u4fe1\u5fc5\u654f<sup>\u00ae<\/sup>\uff09\uff0c\u739b\u4ed5\u5ea6\u80bd\u6ce8\u5c04\u6db2\uff08\u4fe1\u5c14\u7f8e<sup>\u00ae<\/sup>\uff09\uff0c\u5339\u5eb7\u5947\u62dc\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u4fe1\u7f8e\u60a6<sup>\u00ae<\/sup>\uff09\uff0c\u4f0a\u5339\u6728\u5355\u6297N01\u6ce8\u5c04\u6db2\uff08\u8fbe\u4f2f\u6b23<sup>\u00ae<\/sup>\uff09\uff0c\u963f\u8d1d\u897f\u5229\u7247\uff08\u552f\u62e9<sup>\u00ae<\/sup>\uff09\u548c\u76d0\u9178\u594e\u624e\u66ff\u5c3c\u7247\uff08\u7ef4\u590d\u6cf0<sup>\u00ae<\/sup>\uff09\u3002\u76ee\u524d\uff0c\u8fd8\u67091\u4e2a\u54c1\u79cd\u5728NMPA\u5ba1\u8bc4\u4e2d\uff0c5\u4e2a\u65b0\u836f\u5206\u5b50\u8fdb\u5165III\u671f\u6216\u5173\u952e\u6027\u4e34\u5e8a\u7814\u7a76\uff0c14\u4e2a\u65b0\u836f\u54c1\u79cd\u5df2\u8fdb\u5165\u4e34\u5e8a\u7814\u7a76\u3002<\/p>\n<p>\u516c\u53f8\u5df2\u4e0e\u793c\u6765\u3001\u7f57\u6c0f\u3001\u6b66\u7530\u3001\u8f89\u745e\u3001\u8d5b\u8bfa\u83f2\u3001Incyte\u548cMD Anderson \u764c\u75c7\u4e2d\u5fc3\u7b49\u56fd\u9645\u5408\u4f5c\u65b9\u8fbe\u621030\u591a\u9879\u6218\u7565\u5408\u4f5c\u3002\u4fe1\u8fbe\u751f\u7269\u5728\u4e0d\u65ad\u81ea\u7814\u521b\u65b0\u836f\u7269\u3001\u8c0b\u6c42\u81ea\u8eab\u53d1\u5c55\u7684\u540c\u65f6\uff0c\u79c9\u627f\u7ecf\u6d4e\u5efa\u8bbe\u4ee5\u4eba\u6c11\u4e3a\u4e2d\u5fc3\u7684\u53d1\u5c55\u601d\u60f3\u3002\u591a\u5e74\u6765\uff0c\u59cb\u7ec8\u5fc3\u6000\u79d1\u5b66\u5584\u5ff5\uff0c\u575a\u5b88&#8221;\u4ee5\u60a3\u8005\u4e3a\u4e2d\u5fc3&#8221;\uff0c\u5fc3\u7cfb\u60a3\u8005\u5e76\u5173\u6ce8\u60a3\u8005\u5bb6\u5ead\uff0c\u79ef\u6781\u5c65\u884c\u793e\u4f1a\u8d23\u4efb\u3002\u516c\u53f8\u9646\u7eed\u53d1\u8d77\u3001\u53c2\u4e0e\u4e86\u591a\u9879\u836f\u54c1\u516c\u76ca\u63f4\u52a9\u9879\u76ee\uff0c\u8ba9\u8d8a\u6765\u8d8a\u591a\u7684\u60a3\u8005\u80fd\u591f\u5f97\u76ca\u4e8e\u751f\u547d\u79d1\u5b66\u7684\u8fdb\u6b65\uff0c\u4e70\u5f97\u5230\u3001\u7528\u5f97\u8d77\u9ad8\u8d28\u91cf\u7684\u751f\u7269\u836f\u3002\u622a\u81f3\u76ee\u524d\uff0c\u4fe1\u8fbe\u751f\u7269\u60a3\u8005\u63f4\u52a9\u9879\u76ee\u5df2\u60e0\u53ca20\u4f59\u4e07\u666e\u901a\u60a3\u8005\uff0c\u836f\u7269\u6350\u8d60\u603b\u4ef7\u503c40\u4ebf\u5143\u4eba\u6c11\u5e01\u3002\u4fe1\u8fbe\u751f\u7269\u5e0c\u671b\u548c\u5927\u5bb6\u4e00\u8d77\u52aa\u529b\uff0c\u63d0\u9ad8\u4e2d\u56fd\u751f\u7269\u5236\u836f\u4ea7\u4e1a\u7684\u53d1\u5c55\u6c34\u5e73\uff0c\u4ee5\u6ee1\u8db3\u767e\u59d3\u7528\u836f\u53ef\u53ca\u6027\u548c\u4eba\u6c11\u5bf9\u751f\u547d\u5065\u5eb7\u7f8e\u597d\u613f\u671b\u7684\u8ffd\u6c42\u3002<\/p>\n<p>\u8be6\u60c5\u8bf7\u8bbf\u95ee\u516c\u53f8\u7f51\u7ad9\uff1a<a href=\"https:\/\/www.innoventbio.com\/\" target=\"_blank\" rel=\"nofollow\" style=\"color: #0000FF\">www.innoventbio.com<\/a> \u6216\u516c\u53f8\u9886\u82f1\u8d26\u53f7\uff1aInnovent Biologics\u3002<\/p>\n<p>\u58f0\u660e\uff1a<br \/>1.\u4fe1\u8fbe\u4e0d\u63a8\u8350\u4efb\u4f55\u672a\u83b7\u6279\u7684\u836f\u54c1\/\u9002\u5e94\u75c7\u4f7f\u7528\u3002<br \/>2.\u96f7\u83ab\u897f\u5c24\u5355\u6297\u6ce8\u5c04\u6db2\uff08\u5e0c\u5189\u62e9<sup>\u00ae<\/sup>\uff09\uff0c\u585e\u666e\u66ff\u5c3c\u80f6\u56ca\uff08\u777f\u59a5<sup>\u00ae<\/sup>\uff09,\u5339\u59a5\u5e03\u66ff\u5c3c\u7247\uff08\u6377\u5e15\u529b<sup>\u00ae<\/sup>\uff09\u548c\u963f\u8d1d\u897f\u5229\u7247\uff08\u552f\u62e9<sup>\u00ae<\/sup>\uff09\u7531\u793c\u6765\u516c\u53f8\u7814\u53d1\u3002<\/p>\n<p><b>\u4fe1\u8fbe\u751f\u7269\u524d\u77bb\u6027\u58f0\u660e<\/b><\/p>\n<p>\u672c\u65b0\u95fb\u7a3f\u6240\u53d1\u5e03\u7684\u4fe1\u606f\u4e2d\u53ef\u80fd\u4f1a\u5305\u542b\u67d0\u4e9b\u524d\u77bb\u6027\u8868\u8ff0\u3002\u8fd9\u4e9b\u8868\u8ff0\u672c\u8d28\u4e0a\u5177\u6709\u76f8\u5f53\u98ce\u9669\u548c\u4e0d\u786e\u5b9a\u6027\u3002\u5728\u4f7f\u7528&#8221;\u9884\u671f&#8221;\u3001&#8221;\u76f8\u4fe1&#8221;\u3001&#8221;\u9884\u6d4b&#8221;\u3001&#8221;\u671f\u671b&#8221;\u3001&#8221;\u6253\u7b97&#8221;\u53ca\u5176\u4ed6\u7c7b\u4f3c\u8bcd\u8bed\u8fdb\u884c\u8868\u8ff0\u65f6\uff0c\u51e1\u4e0e\u672c\u516c\u53f8\u6709\u5173\u7684\uff0c\u76ee\u7684\u5747\u662f\u8981\u6307\u660e\u5176\u5c5e\u524d\u77bb\u6027\u8868\u8ff0\u3002\u672c\u516c\u53f8\u5e76\u65e0\u4e49\u52a1\u4e0d\u65ad\u5730\u66f4\u65b0\u8fd9\u4e9b\u9884\u6d4b\u6027\u9648\u8ff0\u3002<\/p>\n<p>\u8fd9\u4e9b\u524d\u77bb\u6027\u8868\u8ff0\u4e43\u57fa\u4e8e\u672c\u516c\u53f8\u7ba1\u7406\u5c42\u5728\u505a\u51fa\u8868\u8ff0\u65f6\u5bf9\u672a\u6765\u4e8b\u52a1\u7684\u73b0\u6709\u770b\u6cd5\u3001\u5047\u8bbe\u3001\u671f\u671b\u3001\u4f30\u8ba1\u3001\u9884\u6d4b\u548c\u7406\u89e3\u3002\u8fd9\u4e9b\u8868\u8ff0\u5e76\u975e\u5bf9\u672a\u6765\u53d1\u5c55\u7684\u4fdd\u8bc1\uff0c\u4f1a\u53d7\u5230\u98ce\u9669\u3001\u4e0d\u786e\u6027\u53ca\u5176\u4ed6\u56e0\u7d20\u7684\u5f71\u54cd\uff0c\u6709\u4e9b\u4e43\u8d85\u51fa\u672c\u516c\u53f8\u7684\u63a7\u5236\u8303\u56f4\uff0c\u96be\u4ee5\u9884\u8ba1\u3002\u56e0\u6b64\uff0c\u53d7\u6211\u4eec\u7684\u4e1a\u52a1\u3001\u7ade\u4e89\u73af\u5883\u3001\u653f\u6cbb\u3001\u7ecf\u6d4e\u3001\u6cd5\u5f8b\u548c\u793e\u4f1a\u60c5\u51b5\u7684\u672a\u6765\u53d8\u5316\u53ca\u53d1\u5c55\u7684\u5f71\u54cd\uff0c\u5b9e\u9645\u7ed3\u679c\u53ef\u80fd\u4f1a\u4e0e\u524d\u77bb\u6027\u8868\u8ff0\u6240\u542b\u8d44\u6599\u6709\u8f83\u5927\u5dee\u522b\u3002<\/p>\n<\/div>\n<p>&lt;<\/p>\n<p>p class=&#8221;wpematico_credit&#8221;><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4ece\u672c\u571f\u9886\u5148\u5230\u56fd\u9645\u4e00\u6d41\uff1a\u5168\u7403\u5316\u8f6c\u578b\u6218\u7565\u8def\u5f84\u6e05\u6670\u00a0 \u7f8e\u56fd\u65e7\u91d1\u5c71\u548c\u4e2d\u56fd\u82cf\u5dde2026\u5e748\u670825\u65e5 \/\u7f8e\u901a\u793e\/ &#038;#82 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-15474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reprint"],"_links":{"self":[{"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/posts\/15474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/comments?post=15474"}],"version-history":[{"count":0,"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/posts\/15474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/media\/5825"}],"wp:attachment":[{"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/media?parent=15474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/categories?post=15474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xiaguangshe.com\/en\/wp-json\/wp\/v2\/tags?post=15474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}