ࡱ> .0+,-i ?bjbj {b{b9-T > > Db|+===$Z=r9T=|==fff= *R(f=ffh|">jjJL0+LL >>8v ==f=====Y0 ===+=============> B :    Corecivic Inc (CXW-NYSE)   Current Price (05/16/22)$11.33Valuation OUTLOOK Analyst must write  SUMMARY DATA 52-Week High$13.8152-Week Low$7.45One-Year Return (%)39.36Beta0.84Average Daily Volume (sh)1,157,305Shares Outstanding (mil)122Market Capitalization ($mil)$1,378Short Interest Ratio (days)N/AInstitutional Ownership (%)82Insider Ownership (%)2Annual Cash Dividend $0.00Dividend Yield (%) 0.005-Yr. Historical Growth Rates Sales (%)1.3 Earnings Per Share (%)-4.8 Dividend (%) 2.0P/E using TTM EPS6.4P/E using 2022 Estimate7.4P/E using 2023 Estimate6.6Zacks RankN/A Risk LevelAbove Avg.,Type of StockMid-ValueIndustryN/A  KEY POINTS Analyst must write  OVERVIEW Analyst must write  INDUSTRY OUTLOOK INDUSTRY OUTLOOK - NEUTRAL Our outlook for the publicly traded real estate industry, comprised primarily of real estate investment trusts (REITs), is neutral. The sector is at an interesting inflection point in its typical cycle. Operating fundamentals have been declining over the past few years, but are finally beginning to stabilize. Cash flow across the sectors has been depressed, but some companies are beginning to forecast growth over the next year. Despite the weak operating environment, REIT share prices are at or just off all-time highs, as historically low-interest rates have inflated FFO multiples well above past ranges. With access to exceptionally cheap capital (most REITs can borrow at 5% or less) and relatively low cost of capital (given high cash flow multiples being paid by investors), most REIT owners can buy low-growth, low cap rate properties (defined as net operating income (NOI) yield on invested capital) and still make profitable spreads. Given the low cap rate environment, most companies are taking the opportunity to prune their portfolios and achieve extremely attractive pricing on dispositions, using proceeds in most cases to pay down debt and strengthen balance sheets. With some companies' operating results still negative, a few companies must sell assets to maintain their dividends, which we view as a fairly large negative when evaluating the investment merits of individual companies, as financing a net deficit will put these companies at a competitive disadvantage when external growth via acquisition becomes more attractive (i.e., they will not have the available capital competing buyers will have). The confluence of low but rising interest rates, high multiples, and negative to stabilizing operating results should make for a relatively flat trading market for REIT shares. As interest rates rise, which we believe will continue for the foreseeable future, we would expect multiples to contract (or, share prices will come down). However, with operating results stabilizing, most REITs should be able to grow into inflated multiples over the next few years via FFO expansion, leaving investors with a relatively flat outlook for share prices but overall positive returns when including dividends, which currently yield about 5% over the sectors. Some sectors are better positioned than others at this point in the cycle. With continuing strong consumption in the U.S., retail REITs should continue to see favorable returns. Recent M&A activity might suggest a near-term top in the mall REIT sector: Simon Property Group (SPG) recently announced its intentions to acquire Chelsea Property Group (CPG), and General Growth Properties (GGP) closed its previously announced acquisition of Rouse (RSE). We continue to believe that investors should see near-term gains in strip-center REITs, with Developer's Diversified (DDR) and Federal Realty Trust (FRT), in particular, showing continuing strength in operations, and relatively modest valuations. We believe that in a rising interest rate environment, which implies improving economic growth for the most part, real estate services companies should provide outstanding returns for investors. While asset owners should see some contraction in multiples, any pick-up in economic activity generally helps companies such as Jones Lang LaSalle (JLL), whose leasing and asset management services business generally see increasing demand as the economy improves. Mortgage REITs continue to demonstrate discipline in spread investing operations, and debt issuance among most REITs continues to grow, giving companies in this sector ample opportunity for investment. We believe most companies in this sector are fairly valued however, therefore shares may trade in a range at this point. We view the apartment and office/industrial sectors unfavorably for the most part. Most companies in both sectors have yet to find an operating bottom, and as such, have not yet seen an uptick in operating results. Apartment REITs, in particular, may be in a secular operating decline, with access to affordable mortgage financing increasing for first-time and lower-income home buyers, who have historically been the primary apartment renting demographic. For investors looking to invest in apartment REITs, we believe the only place to put money to work is in companies located in markets where monthly rents are measurably less expensive than a competing monthly mortgage payment (or where the housing affordability index is relatively high). Office owners continue to see rent roll-downs (or lower market rates) on expiring leases. In most markets, market rent rates are 10%-15% lower than existing lease rates, which should continue to pressure office REIT cash flow in 2005. Importantly, both sectors are struggling with dividend coverage, as most office and apartment REITs are running at negative free cash flow after a few years of declining cash flow and must sell properties to help pay quarterly dividends. On a valuation basis, most sectors are trading at the upper end of historical ranges, with apartment REITs the highest among all sectors. On average, most REITs are trading at 12x-13x 2005 estimated FFO, with an average dividend yield in the 5% range. Most REITs continue to trade at premiums to net asset value (NAV), typically in the 110%-115% range, but some as high as 120% of NAV. Historically, REITs have traded at slight premiums to NAV more in the 103%-106% range. Overall, we are forecasting relatively flat FFO growth in 2005 overall, particularly as some of the heavier property sellers see near-term NOI dilution, and resultant FFO declines, as a result of smaller portfolios without offsetting acquisitions to maintain run-rates. In a six to 12 month timeframe, we believe investors should see about 5% total returns at this point, almost entirely derived of dividends.  INDUSTRY POSITION Analyst must write   RECENT NEWS Analyst must write  VALUATION Analyst must write   RISKS Analyst must write.  INSIDER TRADING AND OWNERSHIP Analyst must write.  PROJECTED INCOME STATEMENT & BALANCE SHEET   Historical Stock Price   DISCLOSURES The following disclosures relate to relationships between Zacks Small-Cap Research (Zacks SCR), a division of Zacks Investment Research (ZIR), and the issuers covered by the Zacks SCR Analysts in the Small-Cap Universe. ANALYST DISCLOSURES I, Marla Backer, hereby certify that the view expressed in this research report accurately reflect my personal views about the subject securities and issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the recommendations or views expressed in this research report. I believe the information used for the creation of this report has been obtained from sources I considered to be reliable, but I can neither guarantee nor represent the completeness or accuracy of the information herewith. Such information and the opinions expressed are subject to change without notice. INVESTMENT BANKING AND FEES FOR SERVICES Zacks SCR does not provide investment banking services nor has it received compensation for investment banking services from the issuers of the securities covered in this report or article. Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm engaged by the issuer for providing non-investment banking services to this issuer and expects to receive additional compensation for such non-investment banking services provided to this issuer. The non-investment banking services provided to the issuer includes the preparation of this report, investor relations services, investment software, financial database analysis, organization of non-deal road shows, and attendance fees for conferences sponsored or co-sponsored by Zacks SCR. The fees for these services vary on a per-client basis and are subject to the number and types of services contracted. Fees typically range between ten thousand and fifty thousand dollars per annum. Details of fees paid by this issuer are available upon request. POLICY DISCLOSURES This report provides an objective valuation of the issuer today and expected valuations of the issuer at various future dates based on applying standard investment valuation methodologies to the revenue and EPS forecasts made by the SCR Analyst of the issuers business. SCR Analysts are restricted from holding or trading securities in the issuers that they cover. ZIR and Zacks SCR do not make a market in any security followed by SCR nor do they act as dealers in these securities. Each Zacks SCR Analyst has full discretion over the valuation of the issuer included in this report based on his or her own due diligence. SCR Analysts are paid based on the number of companies they cover. SCR Analyst compensation is not, was not, nor will be, directly or indirectly, related to the specific valuations or views expressed in any report or article. ADDITIONAL INFORMATION Additional information is available upon request. Zacks SCR reports and articles are based on data obtained from sources that it believes to be reliable, but are not guaranteed to be accurate nor do they purport to be complete. Because of individual financial or investment objectives and/or financial circumstances, this report or article should not be construed as advice designed to meet the particular investment needs of any investor. Investing involves risk. Any opinions expressed by Zacks SCR Analysts are subject to change without notice. Reports or articles or tweets are not to be construed as an offer or solicitation of an offer to buy or sell the securities herein mentioned. CANADIAN COVERAGE This research report is a product of Zacks SCR and prepared by a research analyst who is employed by or is a consultant to Zacks SCR. The research analyst preparing the research report is resident outside of Canada, and is not an associated person of any Canadian registered adviser and/or dealer. Therefore, the analyst is not subject to supervision by a Canadian registered adviser and/or dealer, and is not required to satisfy the regulatory licensing requirements of any Canadian provincial securities regulators, the Investment Industry Regulatory Organization of Canada and is not required to otherwise comply with Canadian rules or regulations.       Month Day, Year Zacks Small-Cap Research Marla Backer 312-265-xxxx email@zacks.com scr.zacks.com 10 S. Riverside Plaza, Chicago, IL 60606 Sponsored Impartial - Comprehensive Sponsored Impartial - Comprehensive CXW: Zacks Company Report Text ZACKS ESTIMATES Revenue (in millions of $) Q1Q2Q3Q4Year(Mar)(Jun)(Sep)(Dec)(Dec)2020491 A473 A468 A473 A1,905 A2021455 A465 A471 A472 A1,863 A2022453 A460 E478 E483 E1,874 E2023    1,955 E Price/Sales Ratio (Industry = 2.5x) Q1Q2Q3Q4Year(Mar)(Jun)(Sep)(Dec)(Dec)2020$0.54 A$0.56 A$0.52 A$0.63 A$2.25 A2021$0.44 A$0.46 A$0.48 A$0.48 A$1.85 A2022$0.34 A$0.36 E$0.41 E$0.42 E$1.52 E2023    $1.73 E Zacks Projected EPS Growth Rate - Next 5 Years %N/AN/AN/A Top 5 Public Companies in the industryTickerCompanyMarket ShareZacksRecHSTHost Hotel&Rsrt7.52357HoldCCICrown Castle5.18511HoldHCNHealth Cr Reit4.69843HoldVTRVentas Inc4.32211HoldVNOVornado Rlty Tr3.70408Buy Industry Comparables Pr Chg YTDP/E CurrFY EPS Gr 5Yr EstPrice/ BookPrice/ SalesPrice/ CFCORECIVIC INC13.67.51.00.75.1Industry Mean0.00.00.00.00.00.0Industry Median0.00.00.00.00.00.0S&P 500 -15.917.711.90.019.8LAMAR ADVER CO-18.714.28.25.415.0HEALTHPEAK PPTY-16.317.45.82.38.422.2PARK HOTELS&RES-3.115.81.02.5EXTRA SPACE STG-21.221.67.36.214.421.2 Corecivic Inc Income Statement and Balance Sheet(Dollars in millions, except EPS data)12/1712/18N/A12/2012/2112/22ESales1,7651,8361,9811,9051,8631,874Cost of Goods Sold1,2501,3151,4231,4061,3371,346SG&A108115132186201203Other operating expenses147157145151135136Interest and other829093107241243Zacks Adjusted Income before NRI18617218954127185Net Income17815918954-52185Diluted EPS before NRI1.571.451.590.451.041.52Reported EPS1.501.341.590.45-0.431.52Cash & Marketable Securities5274119137311311Current Assets327374435717627627Current Liabilities291366369313341341Long Term Debt1,4371,7881,9281,7481,4921,492Shareholder's Equity1,4521,4151,3771,4131,3721,558  Zacks Investment Research Page  PAGE 2 scr.zacks.com Copyright  DATE \@ "yyyy" \* MERGEFORMAT 2022, Zacks Investment Research. All Rights Reserved.  $'(,./6NOUVWbcĮ{r]rSISI>hF 5CJOJQJhF CJOJQJh.CJOJQJ)jhF 5OJQJUmHnHtHuhF 5OJQJ%jhF 5OJQJUmHnHuhF 5B*OJQJphh.5B*OJQJphhF h."hF B*OJQJmHnHphuhF 5B*CJ(OJQJph)jhF 5CJ@OJQJUmHnHu+jhF B*OJQJUmHnHphu  %&')*+,zvkd$$Ifl_0Z t04 la$If$If,-.0123456OVWabOkd$$Ifl#0Z N b t4 la $$Ifa$$Ifbcdl:ckdZ$$IflQ  t04 la$U&#$/IfOkd$$Ifl#0Z N b t4 lacl # B H f i   / 3 H K b e g ~  hF 5CJOJQJ)jhF 5CJOJQJUmHnHuh.5CJOJQJhF 5CJOJQJhF B*phhF hF 5CJOJQJhF CJOJQJh.CJOJQJhF 5OJQJ:Gkd$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/If B & NGkd$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd1$$Ifl0 H 4 la    NGkd<$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd$$Ifl0 H 4 la  $ % B I NGkd$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd$$Ifl0 H 4 laI J f j k NGkd$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkdG$$Ifl0 H 4 la NGkdR$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd$$Ifl0 H 4 la NGkd$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd$$Ifl0 H 4 la NGkd$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd]$$Ifl0 H 4 la     / 4 NGkdh$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd$$Ifl0 H 4 la4 5 H L M N O NGkd$$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd$$Ifl0 H 4 laO P b f g  NGkd$$Ifl80 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkds$$Ifl0 H 4 la NGkd~ $$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd% $$Ifle0 H 4 la NGkd0 $$Ifl0 H 4 la$$~&`#$/Ifa$$~&`#$/IfGkd $$Ifl0 H 4 la QLkd $$Ifl0\  4 la  $$Ifa$ $If^h^hGkd $$Ifl0 H 4 la RLJLLh^hLkd $$Ifl0\  4 la  $$Ifa$ $If^Lkd@ $$Ifl)0\  4 la    & ' < = C E H W i RT""""""#ݠzpepepaUKhF CJOJQJhF CJOJQJaJhF h.CJOJQJ*h.CJOJQJhF CJOJQJaJ"jhF CJUaJmHnHuhF OJQJhF B*CJOJQJphhF OJQJhF OJQJ\hF CJOJQJ\%jhF 5OJQJUmHnHuhF 5OJQJjhF UmHnHuhF 5CJOJQJ               & ' < = & F>^`> >^`>h^h= > ? @ A B C H V W j k l m n o p q r s t u v w x y z ^h^h h^hz { | } ~  uvDE^ h^hh^hST""""""""""""# # # # # ####### @^^^## #"###5#P#R#T#e#z#{##############0$1$H$J$P$g$h$i$j$$$$$$%ĺĺĺĺĒć{mhF CJOJQJ^JaJj h.OJQJUhF 5;OJQJ%jhF 5OJQJUmHnHuhF CJOJQJhF 5CJOJQJhF CJOJQJhF 5OJQJhF mHnHujhF UmHnHuhF OJQJ&jhF CJOJQJUmHnHu'############ ###4#5#H#I#J#K#L#M#N#O#P#S#d#e#d^h^he#x#y#z#|#}####################h^h$^a$$ & F>^`>a$ ^^###############0$2$3$4$5$6$7$8$9$:$;$<$=$>$^h^h>$?$@$A$B$C$D$E$F$G$H$K$g$h$i$k$l$m$n$o$p$q$r$s$t$u$v$w$x$h^h^x$y$z${$|$}$~$$$$$v%w%%((-((c,d,y,-/////2^m$ dd^m$^h^h%%95:5<5=5?5@5B5C5E5G5I5K5N5a5b5c5d5e555555555!6غءo]]MhF 6B*OJQJ^Jph"hF 5B*CJOJQJaJphh.5B*CJOJQJphhF 5B*CJ(OJQJph"hF 5B*CJOJQJaJphhF 5CJOJQJhF B*CJOJQJphhF 5B*CJOJQJphjhF UmHnHuhF jhF UhF CJOJQJ^JaJh.CJOJQJ^JaJ2228595;5<5>5?5A5B5D5E5H5I5L5M5N5a5b5c5d5e55 P^P`$a$^ dd^^m$555555!6"6I6J6e6f6l6m6}6~666666666 $$Ifa$$a$  $P^P`a$ ^`!6"6#6H6J6d6e6m6}6~666666666666666666666666666666666677 7 7777·}}}}}}}}}}}}}}}}}h.CJOJQJhF CJOJQJ hF CJhF 5CJOJQJhF CJOJQJhF 5CJOJQJhF 5CJ OJQJhF 5OJQJhF 5OJQJ^Jh.5OJQJ^JhF 6CJ]aJhF hF 6B*OJQJ^Jph166666666kbbbbbb $$Ifa$kd=$$Iflֈ_ OH&*4 la66666666kbYYYYY $$Ifa$ $$Ifa$kd`>$$Iflֈ_ OH&*4 la66667 777kbYYYYY $$Ifa$ $$Ifa$kd>$$Iflֈ_ OH&*4 la77777#7$7)7*7/7075767=7>7?7C7D7G7H7K7L7O7P7S7T7[7\7]7_77777777777777777777777777777777777788 8 888888ĹhF 5CJOJQJhF 5CJOJQJaJhF 5CJOJQJhF CJOJQJh.CJOJQJ hF CJhF CJOJQJI777$7*70767>7kbYYYYY $$Ifa$ $$Ifa$kd?$$Iflֈ_ OH&*4 la>7?7D7H7L7P7T7\7kbYYYYY $$Ifa$ $$Ifa$kd.@$$Iflֈ_ OH&*4 la\7]7_777777777kiii`````` $$Ifa$kd@$$Iflֈ_ OH&*4 la 77777777f]]]]]] $$Ifa$kdfA$$Iflֈq OH&vw4 la77777777fYPPPPP $$Ifa$ $$If]a$kdA$$Iflֈq OH&vw4 la777778 88fYPPPPP $$Ifa$ $$If]a$kdvB$$Iflֈq OH&vw4 la888 8(80888@8fYPPPPP $$Ifa$ $$If]a$kdC$$Iflֈq OH&vw4 la88 8'8(8/8087888?8@8A8E8F8I8J8M8N8Q8R8U8V8]8^8_8a88888888888888888888ƻƻܷ~qhF 5CJOJPJQJ!hF 56B*CJOJQJphhF B*CJOJQJphhF 5B*CJOJQJphhF CJOJQJhF hF 5CJOJQJhF 5CJOJQJh.5CJOJQJhF CJOJQJ hF CJhF CJOJQJh.CJOJQJ,@8A8F8J8N8R8V8^8fYPPPPP $$Ifa$ $$If]a$kdC$$Iflֈq OH&vw4 la^8_8a888fd^U $$Ifa$$Ifkd D$$Iflֈq OH&vw4 la88888888`^^U $$Ifa$GkdE$$Ifl)0& v4 la $$Ifa$$IfGkdD$$Ifl)0& v4 la88888888EqkdE$$IfTl\  34 laT $$Ifa$$If8kd^E$$IfTlL4 laT888888889~qkd&F$$IfTl\  34 laT $$Ifa$$If8888899999999"9#9$9'9(94959<9=9A9B9C9F9G9U9V9]9^9b9c9d9g9h9r9s9z9{99999999999999999̼̼̼̼̼̼̼̼̼̼̼̼̼̼̼̼̼̼̼̼賩hF CJOJQJhF hF CJOJQJhF 5OJQJhF B*CJOJQJhphh.B*CJOJQJhphhF CJOJPJQJ hF CJ!hF 56B*CJOJQJph799999#9~$If $$Ifa$qkdF$$IfTl\  34 laT#9$9(959=9B9~$If $$Ifa$qkd2G$$IfTl\  34 laTB9C9G9V9^9c9~$If $$Ifa$qkdG$$IfTl\  34 laTc9d9h9s9{99~$If $$Ifa$qkdH$$IfTl\  34 laT999999~$If $$Ifa$qkdH$$IfTl\  34 laT9999999999999{rrii $$Ifa$ $$Ifa$$If &dPqkdH$$IfTl\  34 laT 99::::::::":#:&:':*:+:,:3:4:B:E:F:I:J:M:N:Q:R:U:V:Y:Z:[:k:n:o:r:s:v:w:z:{:~::::::::::::::::::::::::::;ܪܪܪܪܪܴhF CJOJQJh.CJOJQJhF 5CJOJQJ^JaJh.5CJOJQJ^JaJhF hF 5CJOJQJ(hF 5CJOJQJ^JaJmHnHuC9999999:: $$Ifa$ $$Ifa$::::::#:LF==== $$Ifa$$IfkdqI$$Ifl֞ D=6/ t644 la#:':+:,:-:.:/:C=$IfkdI$$Ifl֞ D=6/ t644 la $$Ifa$/:0:1:2:3:4:B:C=$Ifkd/J$$Ifl֞ D=6/ t644 la $$Ifa$B:F:J:N:R:V:Z:[:CkdJ$$Ifl֞ D=6/ t644 la $$Ifa$[:k:o:s:w:{::: $$Ifa$$If:::::::LF==== $$Ifa$$IfkdJ$$Ifl֞ D=6/ t644 la:::::::C=$IfkdLK$$Ifl֞ D=6/ t644 la $$Ifa$:::::::C=$IfkdK$$Ifl֞ D=6/ t644 la $$Ifa$::::::::Ckd L$$Ifl֞ D=6/ t644 la $$Ifa$::::::::::::::::::;;;;;;;;;!;$;%;(;*;+;:;;;@;A;E;F;I;J;M;N;R;S;W;X;Y;`;c;e;t;u;x;;;;;;;;hF B*CJOJQJhphhF 6CJOJQJhF 5CJOJQJhF CJOJQJh.CJOJQJhF CJOJQJhF h.CJOJQJhF CJOJQJ<::::::;; $$Ifa$$If;;;; ;!;%;LF==== $$Ifa$$IfkdiL$$Ifl֞ D=6/ t644 la%;);*;+;;;A;F;C=$IfkdL$$Ifl֞ D=6/ t644 la $$Ifa$F;J;N;S;X;Y;Z;C=$Ifkd'M$$Ifl֞ D=6/ t644 la $$Ifa$Z;[;\;];^;_;`;a;CkdM$$Ifl֞ D=6/ t644 la $$Ifa$a;b;c;e;u;w;x;;;;VKkdBN$$IfTl0W"4 laTKkdM$$IfTl0W"4 laT $$Ifa$$If ;;;;;;;;;;;;;KkdN$$IfTl0W"4 laT $$Ifa$$If ;;;;;.%%% $$Ifa$kdN$$IfTl # w W"<Si8888$$$$4 laT;;;;;;;;;;;;;;<< < <<<<<<<"<#<9<><?<D<E<J<K<P<Q<V<W<\<]<e<h<i<l<m<p<q<t<u<x<y<|<}<<<<<<<<<<<<<<<<<<<<óóóóóóóóóóóóóóóóóóóóóóóóóóhF B*CJOJQJhphh.B*CJOJQJhphhF CJOJQJ!hF 5B*CJOJQJhph!h.5B*CJOJQJhphF;;;;;;;;KE$IfkdO$$IfTl֞ w W" 88884 laT $$Ifa$;< <<<<#< $$Ifa$#<$<&<9<?<E<A8288$If $$Ifa$kd&P$$IfTlִ w W"t8888    4 laTE<K<Q<W<]<^<`<8kdP$$IfTlִ w W"<8888    4 laT $$Ifa$`<e<i<m<q<u<y<}< $$Ifa$$If}<~<<<<<A8288$If $$Ifa$kd4Q$$IfTlִ w W"<8888    4 laT<<<<<<<8kdQ$$IfTlִ w W"<8888    4 laT $$Ifa$<<<<<<<< $$Ifa$$If<<<<<<<<<==== = = = ====== =!=$=%=(=)=,=-=/=0=3=4=7=8=P=T=U=Y=Z=^=_=c=d=h=i=m=n=o={=|==============================hF 5CJOJQJhF CJOJQJh.B*CJOJQJhphhF B*CJOJQJhphP<<<== =A;222 $$Ifa$$IfkdBR$$IfTlִ w W"<8888    4 laT = ====!=%=)=KE$IfkdR$$IfTl֞ w W" 88884 laT $$Ifa$)=-=0=4=8=9=P=U=KE$IfkdBS$$IfTl֞ w W" 88884 laT $$Ifa$U=Z=_=d=i=n=o=|=KE$IfkdS$$IfTl֞ w W" 88884 laT $$Ifa$|=========Kkd4T$$IfTl֞ w W" 88884 laT $$Ifa$========KkdT$$IfTl֞ w W" 88884 laT $$Ifa$======== $$Ifa$$If========TNEEEEE $$Ifa$$Ifkd&U$$IfTl֞ w W" 88884 laT===========>>>>>> >!>$>%>(>)>,>->=>B>C>H>I>N>O>T>U>Z>[>`>a>w>|>}>>>>>>>>>>>>>>>>>>>ÿ֔jhF 0JCJOJQJUhF 5CJOJQJjWhF 5CJOJQJUhF hF CJOJQJhF 5OJQJhF CJOJQJh.B*CJOJQJhphhF B*CJOJQJhph:=>>>>>!>%>KE$IfkdU$$IfTl֞ w W" 88884 laT $$Ifa$%>)>->.>=>C>I>O>KE$IfkdV$$IfTl֞ w W" 88884 laT $$Ifa$O>U>[>a>b>w>}>>KE$IfkdV$$IfTl֞ w W" 88884 laT $$Ifa$>>>>>>>>>KIIIkd W$$IfTl֞ w W" 88884 laT $$Ifa$>>>>>@?A????? >>>>>2?@?A?M?N?o?p?t?u????ѿ{hF CJOJQJ^JaJh.CJOJQJmHnHujhF CJOJQJUhF hF 5CJOJQJhF CJOJQJ"jhF 0JCJOJQJU*$h.0JCJOJQJmHnHu*jhF 0JCJOJQJUhF 0JCJOJQJ= 0P&P1h/ =!z"z#$8% Dp= 0P&P1h/ =!z"v#$8% DpA 0P&P1h/ =!z"v#$8% P Dp@ 0 0P&P1h/ =!z"z#$8% Dp$$If!vh#vZ#v :V l_ t0,5Z5 4b$$If!vh#vN #vb:V l# t,5N 5b4ab$$If!vh#vN #vb:V l# t,5N 5b4a|$$If!vh#v:V lQ t054W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l8,5 54W$$If!vh#v #v:V le,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54W$$If!vh#v #v:V l,5 54\$$If !vh#v\ #v :V l,5\ 5 4a \$$If !vh#v\ #v :V l),5\ 5 4a \$$If !vh#v\ #v :V l,5\ 5 4a 1Dd,pD  C ACXWb61bH0=*g"zɜ1@ n 1bH0=*g"zɜPNG  IHDRT IDATx=oJ񳫧J|؆ mV(Ef/%VDJhJ"B-yJ7[.¼c7S a=c0@}U~'W7?/=-͟:>C9u]G{$"}`|O:ˏOoJI/͗٩$sg,*ԵUgJ,3eGE \C{nrP׽ʰ4ܠuؽȏɹdgӓo|]tZljҺ̋H5^rCrWO39H$^w/Om.4pA[FƿWՅ+w .ҙ7ûrXNsYN@#: EkͯT50@Dܘ?/H .3PH,X$: Ht@b"ED$H,X$: Ht@bYUjݥuvyu?Ht@ІƨiemkjT$: `a)ED$-yyw'\P5/L55y2||:?wÛj&˽~/{tjf8 %:tU/EJiDg~x6JÛ~-kPIݨ1ڪ *f ;2Ŵ3?/o"Ls2J:n53u0ycӰW1uEB3j{jz`|ΧJ+D}M]SU Wq{ծo* %PxG<(b $H`1`AcD$V'bD$?g/֠FըFs|Ht)*rb( oZjV_oTg&:n'lrG;2[Y3?/o. W3͐g SMMLnTo': li.oT%::y`u7[}fB ~/G<< cxW҃9Æz,[ժXl8ð?Xrk5n>nRe9"򟭶TdN$4j3YRW'=%:"qS),;-SW x4a8#: 6Mt "EDըU议z:l_$: hFixRcԴ5Y}RXőHtIv bZDDҙŸ7nhR9{]/nΧo""5xH0j{_ѝm訪WEGq /G<< cxW҃9Æz,JX>c_EDW\g*bG$: ` SMM ;D~^>kW$: 4vׯULz׷]nO_#1(wU }EB}R7{>lٺ{<D0Z{Գ"뽟~ˋBo@C1ų%>?""V{YnKtT"^xã8#1< cxTu遻T׌L%>ch=|U,9ڃN!S "9Dc ~ʷT@o訪Wlz6>Qy26G<< cxW҃5N.up|0xVU Bve8W&evh d5(Fbzqa~mOc@F33z *ˑcKtDWa"Sl ΆC'M#i穪 4dQ`OUو=6wM D/` 8uu_Nb$9A:`~x@/!8 sDerO%:` )Lt"xvJAYv٨m+ ɜwSǓ-_/j THUK9#G݆u>Uهhl|]ɻvqёuWI ?o78|U,-SW"9%$`5a ^ZQJ=3u]nO_ Oߑrk(Gn=8()ukns+!щΉr: 9Uxhg< g#yO|u2Q 8S'Ta^gse`eD'NK*b f_z:%s/"" DRN GgSuYLȨ]>i+Uu{~Q{э[kPxã8Gq q.=p449n>cky`^9G$D}Ti]3sti/M1 B DH,GD$H,X$: Ht@XAYKGi,EYKbե>!6+lni5{8),/ \\ϖwÛ%apW1`%:tU/wOϪFB_A lwMZrMFV_#X{mWtQ:4}kP.{JQv#:tU/c\ഏDvX>j?< bgu7HB+%jSZagx֠MD%p&||>kdHt6L J=[_$:ݾR0lh+psY<[_$:=r4ZMt`?9%:tU/<%L£G.vۿ^$ w{/GOs%Z8ժUK~{괄݊2baO2Mdm9|5(F"vO>P&18BD_0pHt (L|~DX:\r\DB `O9Dx;8"X!p;;.YGDQ"o6WMd&x@8ȧ޿#t }8=o Ύ$:8cA@K<{$ƞxu;8RtgWaO*"HtpD8{:Λ1$!y~$Yζ[ϭH;{>lQ5ZXTHX/YN@{Qܓa1 NXo{tSM Xa^gse/yU*v^DZtq̢'f]~,61ųE{?w:^>kW$:8$plP v%4QoF.QUx^| xxfҪ;}Ɇ%=l*P9RեNs^귟ţj{" 0ϗ[!}dضm kY B֠\ݚȰkr?%Nof'~342g99:8} lqm]Hv M:eCUMQ#:gf, &nGv~ge:4SU +$6oĦ ʁ GcK+[~E{God,]bst]GsaܯҒ42(Ht-9n: OrD ; |㡇q,!d;q!DGqooi~Ga4/?7tVvIDAT'Z$:@lL5xlՆG>HtG?|~؆b!*vYr\Vn8GQI:o+-v}MQQgj* bDWvQgcv8*nbz""b>'<)|Nt~Rˁ)=|o@OC>?""V{ Uu{(cq22.$ Z{Ĵ G$>SWʯU3 Xt@R@y$8v֠Fը>wCD8"4 6JÛ{<ªDHq[뽟K]EDL7z f0Tɻ 'ڃN,It{֥\E$Zj2/%jJV3Uu{(cjU@|q}gZBV?]}&KHYt23luY eTc$&Jy.18vl[2g9:vKXsW8j>5莓yL Y:ӬdED>UZj&IѱĭHwc c.¯+"ANcM;͔y'/#D-ӊTD (^./hVr<$:Bh /Ht XD,]&C%*lDa 0-3~eg 4 P$:l\gl/sXl]=22Vxi'gq-{@0g; l;3, ,F===P  =2&4D@tl,. xxW҃K]8#"1U{ɳO%,~ Pn8,0+ 1|d9@^nBrD@(jdd zLűibpm 4d#:"gAHt8 ~αpC`_v ozb p<8G^Bl酏rDN98Du`$: _$:su#!Fըn[J`#a8溍_/j T'B:/O"!#"ṝ>o7g|ifaUD@qb2]Xk+q/jV!ĩvQ6N3ANg .L_וw/bU'Ax }>o&}ZZ:|UXg#sr|5}"_]9G ED$VP.Fw<$.O׬];+t%;GT\ܳ@Bu-diwگ&VnyZbٗkfn!K8wMpϞMkȎţߴI8~ڤOuycOt=8Fu؊{m!RPN4S*;\XOr3QY˼vlcZ~mƥqFeV[rMeߡ:̚z(m[zw*kev+uP{ھ)BoV2 }6?{6k#;6N^zW kw@[w@vw.oXs ?F:lp6ؐ+n֯|\sZRXk';gx[=VBulwOIwzVx8at@vwv:mXs ?F8lp6А-DjܮcÁW߾D壕0C!.xks+Ac8j!%+}:|Vgn;&TǦznp{ة}5^zhtP>H ^(7պh3 txA':ݟ2$:M*Zq.d^]3,K:݀"k3-5[o/laۗj5gnKVh7N]cFڗ\7yO oymsTxj7z.>Rt;L2ﵒ*:TrbOq߾wB)5l}-'P]ev>;cX~ζMBxV?.dvK:Wb}ˮC#+]lΦy_O oymsTsj7z.v8R4,V 3섺fQmM!eIݸG$e8]oKvua:5˶<DĻ6ڴՅ 7{4۳^a2 RIjKg8=v9 έZDС:~*#߈cT}`wHh3wlxnc2OlxoU!zvtMJ.Ba̺z-mTkev\=?w®n0;;M>v$%޹˴*9)M%}#laװ^\;N?OŚށ7ޡz.v9"Лz|zοmVD^DrVs_-dVtzJnjl~M1m)zU'z (5ͲC;Kol%2&ͥ^75?]c>'\nn??Oźak7շ Bݴ 1ঞ H,X$: Ht@b :љ}2qHiox5ӳ +qDž11ݤ7eD{{kM/gczwF5`fgB coDjWs=sWgW[$sWwgOo8.pLq\1[%:!;>O:-׼s+SM2~ho/[UO*1]|uߍyTjw[,qalt\ƘYbp^ڌf2~H4/Jk|vNcʚ.xZt\Wb2ew[ #dDgT.Wfg/Yk2~Ht9Nݻ.xMkqqmˉhꦞbe&w4u\ho%+eד[&7ij~uK&7 ] wu\h6֯I[1;.6W6O{znҲ-96M~:/zL.xTQ|$DžՈwwO-]W[Y5=Wl==Dz5L6.ͷWc̡c_۲IENDB`$$If!vh#v*#v#v#v#v#v:V l,5*555554a$$If!vh#v*#v#v#v#v#v:V l,5*555554a$$If!vh#v*#v#v#v#v#v:V l,,5*555554a$$If!vh#v*#v#v#v#v#v:V l,,5*555554a$$If!vh#v*#v#v#v#v#v:V l,,5*555554a$$If!vh#v*#v#v#v#v#v:V l,,5*555554a$$If!vh#vv#vw#v#v#v:V l,5v5w5554a$$If!vh#vv#vw#v#v#v:V l,5v5w5554a$$If!vh#vv#vw#v#v#v:V l,,5v5w5554a$$If!vh#vv#vw#v#v#v:V l,,5v5w5554a$$If!vh#vv#vw#v#v#v:V l,,5v5w5554a$$If!vh#vv#vw#v#v#v:V l,,5v5w5554aV$$If!vh#v #vv:V l)5 5v4aV$$If!vh#v #vv:V l)5 5v4aM$$If!vh#vL:V l,5L4Tw$$If!vh#v#v #v#v3:V l,55 5534T$$If!vh#v#v #v#v3:V l,,,55 5534T$$If!vh#v#v #v#v3:V l,55 553/ 4Tq$$If!vh#v#v #v#v3:V l55 5534Tq$$If!vh#v#v #v#v3:V l55 5534Tq$$If!vh#v#v #v#v3:V l55 5534Tq$$If!vh#v#v #v#v3:V l55 5534Tq$$If!vh#v#v #v#v3:V l55 5534T]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5]$$If!vh#v/#vK#v#vi#v:V l t6,5[$$If!vh#v#v:V l,554T[$$If!vh#v#v:V l,554T[$$If!vh#v#v:V l,554T$$If!v h#v<#vS#vi#v#v8#v :V l, 5<5S5i5585 / 4T$$If!vh#v #v#v8#v:V l,5 5585/ 4T$$If!vh#vt#v#v#v8#v:V l,5t555854T$$If!vh#v<#v#v#v8#v:V l,5<555854T$$If!vh#v<#v#v#v8#v:V l,5<555854T$$If!vh#v<#v#v#v8#v:V l,5<555854T$$If!vh#v<#v#v#v8#v:V l,5<555854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854Tw$$If!vh#v #v#v8#v:V l,5 55854T&Dd *(0  # A"Ed=|W5'g|~W@=vEd=|W5'g|ipbDxڍTkAfvF)qڒ[ڂ 9RRAA(xڋ&DУ'={IxTbfNB||3(w,M:Q:FK(eITw?E5[;l@N)pxBPɇ{E`kMѝ71&^s93isE9!:Z[%#5k[sɟ|ֶqwq( ZӺ=:{yi!hK&"5Э| ?2@S!tg:ZR\QbcLLpu}oRo[B<^}W좟\>I7mZB>{  +a\@HxFOme /ef޽^iG|uw:_lWNpC8' P\g=g mm9o{ID/}~PGmjmx o=NxM ] ~IQ;wRs49 >c:E3v@P~Ds |w<v TXS 7&#% TXS V 7  '7?~ c #%!67889:;<=>? $49?BFNT[fox,b I 4 O = z #e##>$x$256667>7\77778@8^88889#9B9c9999:#:/:B:[::::::;%;F;Z;a;;;;;#<E<`<}<<<< =)=U=|=====%>O>>>?!"#%&'()*+,-./01235678:;<=>@ACDEGHIJKLMOPQRSUVWXYZ\]^_`abcdeghijklmnpqrstuvwyz{|}~JQS !  '' 0e0e     @ 5% 8c8c     ?1 d0u0@Ty2 NP'p<'pA)BCD|E||C"x0e @       ?  4444-@ABC DEFGHIJK5%LMNOPQRSTUWYZ[ \]^_ `abN 5%  N 5%  N    5%    !"?N@ABC DEFGHIJK5%LMNOPQRSTUWYZ[ \]^_ `ab?@A BCDEF GHZZȈ@ (  hB  c $DdP8c#" ?b  3 #" ? b  3 #" ? hB  c $D8c#" ?"&`(  hB  c $D8c#" ? b  C 3"`? hB  c $D8c#" ? b  C 3"`? h  S 8c3"`?b  C 3"`?hB  c $D8c#" ?b   C 3"`?hB   c $D8c#" ?hB   c $D8c#" ? hB   c $D8c#" ? b   C 3"`?hB  c $D8c#" ?b  C 3"`?hB  c $D8c#" ?h  S 3"`?hB  c $D8c#" ?b  C 3"`?hB  c $D8c#" ?b  C 3"`?t  S 3"`? n  C 3"`? h  C #" `? hB  c $D8c#" ?t  S 3"`? hB  c $D8c#" ?b  C 3"`?t  S  3"`?  B  B D1?"6@?NNN?Nz   s *  #" `? h # # C"`? n % # S"`?  & <&?"T@`??NNN?N? B S  ?'.CD !PQz0HI7L!*tk*t&ltIi)It#`dEp%Z07tt[t @t *t@t*t*t@t*t@tpo # t*t@t@t*t F$rt*t Ot *t@t@t*tH")t@t*t@t *t xq*,t*ty*{tK+t $6NOUl #BHfi/3HKbeg~ij8-9-;-<->-?-A-B-D-E-M-N----J.d............................// / ///////#/$/)/*///0/5/6/=/?/C/D/G/H/K/L/O/P/S/T/[//////////////////////////////00 0 000000 0'0(0/0007080?0A0E0F0I0J0M0N0Q0R0U0V0]00000001111111"1$1'1(14151<1=1A1C1F1G1U1V1]1^1b1d1g1h1r1s1z1{1111111111112222222"2#2&2'2*2B2E2F2I2J2M2N2Q2R2U2V2Y2k2n2o2r2s2v2w2z2{2~222222222222222222222222222222222222233333333!3$3%3(3+3:3;3@3A3E3F3I3J3M3N3R3S3W3e3t3333333333333344 4 4444444"494>4?4D4E4J4K4P4Q4V4W4\4e4h4i4l4m4p4q4t4u4x4y4|444444444444444444444444445555 5 5 5 5555!5$5%5(5)5,5-5/505354575P5T5U5Y5Z5^5_5c5d5h5i5m5|55555555555555555555555555555555555566666 6!6$6%6(6)6,6=6B6C6H6I6N6O6T6U6Z6[6`6w6|6}66666666666666M7u777 $6NOUl #BHfi/3HKbeg~ij8-666M7u77 $'6NOUl #BHfi/3HKPbeg~z}FKij'!D!***8-9-;-<->-?-A-B-D-E-M-N-a-e-----H.J.d.f.k.............................// / ///////#/$/)/*///0/5/6/=/?/C/D/G/H/K/L/O/P/S/T/[/_///////////////////////////////00 0 000000 0'0(0/0007080?0A0E0F0I0J0M0N0Q0R0U0V0]0a000000001111111"1$1'1(14151<1=1A1C1F1G1U1V1]1^1b1d1g1h1r1s1z1{11111111111122222222"2#2&2'2*242B2E2F2I2J2M2N2Q2R2U2V2Y2k2n2o2r2s2v2w2z2{2~222222222222222222222222222222222222233333333!3$3%3(3+3:3;3@3A3E3F3I3J3M3N3R3S3W3a3c3e3t3x33333333333333344 4 4444444"494>4?4D4E4J4K4P4Q4V4W4\4e4h4i4l4m4p4q4t4u4x4y4|4444444444444444444444444445555 5 5 5 55555!5$5%5(5)5,5-5/505354575P5T5U5Y5Z5^5_5c5d5h5i5m5|55555555555555555555555555555555555566666 6!6$6%6(6)6,6=6B6C6H6I6N6O6T6U6Z6[6`6w6|6}666666666666666A7M7u7777 $.56NOUW`ccl #BHfi/3HKbeg~FGOfij8-9-;-<-<->-?-A-B-D-E-M-N-e-k----------------d.f.m............................// / ///////#/$/)/*///0/5/6/=/?/C/D/G/H/K/L/O/P/S/T/[/_/////////////////////////////////00 0 000000 0'0(0/0007080?0A0E0F0I0J0M0N0Q0R0U0V0]00000001111111"1$1'1(14151<1=1A1C1F1G1U1V1]1^1b1d1g1h1r1s1z1{11111111112222222"2#2&2'2*2B2E2F2I2J2M2N2Q2R2U2V2Y2k2n2o2r2s2v2w2z2{2~222222222222222222222222222222222222233333333!3$3%3(3+3:3;3@3A3E3F3I3J3M3N3R3S3W3e3t3333333333333344 4 4444444"494>4?4D4E4J4K4P4Q4V4W4\4e4h4i4l4m4p4q4t4u4x4y4|444444444444444444444444445555 5 5 5 5555!5$5%5(5)5,5-5/505354575P5T5U5Y5Z5^5_5c5d5h5i5m5|55555555555555555555555555555555555566666 6!6$6%6(6)6,6=6B6C6H6I6N6O6T6U6Z6[6`6w6|6}666666666667#Ug *  )y>}H 6 ZO85 zX @h+K{ > 4yx`?e& ')S"!)xZ"`j& {`})N&dA2~X7B&D9 $up? CD@]eyKbY4M:(]U(^+WZOoeZD0ZpB?`)\d)SQ;eV e)>{hr :yp^$=qu)Mayh8vh 88^8`OJQJo(h ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h pp^p`OJQJo(oh @ @ ^@ `OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h PP^P`OJQJo(oh   ^ `OJ QJ o( ^`OJ QJ o( @ @ ^@ `OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o ^`OJ QJ o( PP^P`OJQJo(   ^ `OJQJo(o ^`OJ QJ o(h ^`OJQJo(h pp^p`OJQJo(oh @ @ ^@ `OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h PP^P`OJQJo(oh   ^ `OJ QJ o(h 88^8`OJQJo(h ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h^`OJ QJ o(hH ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(h88^8`OJ QJ o(hHh ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h88^8`.h^`.h L ^ `L.h  ^ `.hxx^x`.hHLH^H`L.h^`.h^`.hL^`L.h^`OJ QJ o(hH ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh pp^p`OJ QJ o(h @ @ ^@ `OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh PP^P`OJ QJ o(h 88^8`OJQJo(h ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o( ^`OJQJo( ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(h ^`OJQJo(h   ^ `OJQJo(oh   ^ `OJ QJ o(h xx^x`OJQJo(h HH^H`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h 88^8`OJQJo(h ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h @ @ ^@ `OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh PP^P`OJ QJ o(h   ^ `OJQJo(h ^`OJQJo(oh !!^!`OJ QJ o(h 88^8`OJQJo(h ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJ QJ o(h ^`OJQJo(oh pp^p`OJ QJ o(h @ @ ^@ `OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh PP^P`OJ QJ o(h88^8`OJ QJ o(hHh ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h 88^8`OJQJo(h ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o( ^`OJ QJ o( ^`OJQJo(o   ^ `OJ QJ o(   ^ `OJQJo( xx^x`OJQJo(o HH^H`OJ QJ o( ^`OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJ QJ o( pp^p`OJQJo(o @ @ ^@ `OJ QJ o( ^`OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( PP^P`OJQJo(o   ^ `OJ QJ o(h ^`OJ QJ o(h ^`OJQJo(oh pp^p`OJ QJ o(h @ @ ^@ `OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh PP^P`OJ QJ o( ^`OJQJo(o ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(h TT^T`OJQJo(h $ $ ^$ `OJQJo(oh   ^ `OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh dd^d`OJ QJ o(h 44^4`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(h^`OJ QJ o(hH ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(h^`OJ QJ o(hH ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o( ^`OJQJo( ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o( ^`OJQJo( ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(h^`OJ QJ o(hH ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o( ^`OJQJo( ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(n n ^n `o()  ^ `.xLx^x`L.HH^H`.^`.L^`L.^`.^`.X LX ^X `L.h88^8`OJ QJ o(hHh ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o pp^p`OJ QJ o( @ @ ^@ `OJQJo( ^`OJQJo(o ^`OJ QJ o( ^`OJQJo( ^`OJQJo(o PP^P`OJ QJ o(h88^8`OJ QJ o(hHh ^`OJQJo(oh   ^ `OJ QJ o(h   ^ `OJQJo(h xx^x`OJQJo(oh HH^H`OJ QJ o(h ^`OJQJo(h ^`OJQJo(oh ^`OJ QJ o(#(]U{`})yx\dUg}H:yp&85 up?May`j&&D9?`oeZ eK{ S"!6 'SQ;e$=qu0Z CDX7yK4M)yxZ"^+W>{h*X 2##hGM!?UqF .9-;-@GGGG7@Unknown G.Cx Times New Roman5Symbol3. *Cx Arial9Garamond?. x@Arial BlackI Arial Unicode MS5. .[`)Tahoma7.@Calibri?= *Cx Courier New;WingdingsA$BCambria Math"1hGGz&Rz&R!z4"-"-2qHP?.2! xx joekProduction Operation#                           ! " Oh+'0|  8 D P\dltjoek Normal.dotmProduction Operation2Microsoft Office Word@@4j@4jz&՜.+,0 hp  Zacks Investment ResearchR"-  Title  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"$%&'()*/Root Entry Fj1Data Z1TableyWordDocumentSummaryInformation(DocumentSummaryInformation8#CompObjr  F Microsoft Word 97-2003 Document MSWordDocWord.Document.89q