商周1601 p39 生技 股票

Page 1

ҳ㡱㉴匕

ɸ 䀳 ุ 兴 d G Ҧ ̡ ᜴ ֻ ֻ

ᤩ 㥁 ɿ ᙈ Ϟ ⡘ ุ 嘁 ɨ ㈸ ̙ ʹ

ᜉ ╤ ਿ ᚆ 㝴 ⡑ ɛ 䁃 ᔩ ᜁ 䉩 d Ϊ

৷ d ÿ ㄖ 坦 д ᕉ ㎂   Ό ⡐ 吶 允

÷ ҳ 㡱 G Ҧ ᙈ ‫ژ‬ 千 㥁 ɿ ᙈ

G Ҧ ᙈ ҳ 㡱 ᥳ ኉ f

ᙶ ə ᙈ . f ⦗ ≧ d ú ℉ ⚃ ₗ 䠦 ə 㡆

冀 ঐ і ˏ 㡱 ᚆ 㑢 䜣 d ኈ ㄱ ̸ ₑ ϓ Б ઋ ᘥ 䆆 㙹 ᡈ 䑴 -

ɽ 㒂 刈 㡱 Չ 䔒 Ց 䞑 ∅ Б 䀨 k ֵ 䀳 ᜱ d d 㡈 ̨ ᜅ G ᔥ ϋ ሦ ν ᙈ ɽ Ҧ ɖ ɓ ϋ О ‫ ה‬䄗 嘙 ˜ ᠑ G ᥴ ੭ d ᙈ ɤ ᘥ ᠗ Ը ~ ɰ ɞ ̨ Ҧ ⦗ ᘥ Ҥ 䦙 Ց 奖 ∅ ‫ ت‬䙓 ʕ ʘ ɚ G ᜱ 偖 d G f   ┐ ɤ Ҧ G Ҧ 㑁 䈤 ɚ ∅ ᔨ d ˚ d Ҧ ҳ

ɓ

4ϋrҦ∅ᜱd 嘙ᙈᡈ䑤̻ѩ䄗

2 ̊ 㡱 ≤

¾̨奖QҦ⡘ุεUdሦϋQҦ∅ৰə吶啡eᜉ╤ᥲ嘑d剨Ϟ吶 e㢓ุ㌱f

〨 ㈷ ㌱ Չ < ̹ ゗

ᡈ Σ ̨ ̒ 䑤 ᜴ 奖 䞀 - 䈢 G 夑 N   Ҧ ᡈ B 䑤 I ☕ ᡈ 、 . G 䑤 ਗ ‫ א‬Ҧ ኖ d

̒ 䞀 夑 ุ 䈢 㐶 ᝲ

጑ ㆐ 㢘 д ᡈ 䑤 e

┐ ̨ 奖 㥁 ɿ ᙈ ᥴ

ᡈ 䑤 ㉶ 、 ਗ f

⢑ ɓ d 䈢 ☕ 䌧

夅 ᘥ 䙵 䄗 ⡒ 㐩 d 䠆 夑 嘙 ᙈ ᘥ p

ᤈ ί ʔ Ν ϣ ૄ 㞆 㑢 ̈ d Җ ϓ ᔲ

ᙈ ᒄ ᥲ 㜗 ᤔ 䒒 f û ᔥ ù 㡱 ɹ ⥱

̡ ᤖ p 䞀 e ҳ ᜂ ϣ ʘ ᘥ ù 㡱 䔳 d

₀ ʔ ৷ d p ⁓ ᤩ ̹ ゗ p ~ 䈢

呤 ʃ e ̹ ℉ ʃ d ̮ 㡱 ᡅ ᙈ

ᙈ ա ̮ 㡱 ㎅ 䝄 ⠥ d Ш G Ҧ ᙈ 㡱

Ъ ሦ 劕 剨 Ҧ ᤩ G ⢑ 夀 ℠ Җ Ϟ ᙈ ␗ Ҧ ɚ 䥨 ϣ ⡵ ᜉ ⠠ อ ᙈ d f ૄ 喗 ╤ 䈴 啡 d e 㞆 e ₔ 䕗 e Ӛ g 〕 啡 ᝖ ゔ 䉗 Ϟ 㡱 Ϟ ҅ e ᠖ 啡 、 䔳 坂 ʿ 吶 䐕 嘙 ਗ i ᔥ     d ৰ ᙈ ᒄ 䞀 І ∁ e ə d f f ʉ ⦙ 吶 啡 ̨ N 㥁 ᘥ 㢁 ҿ ุ 奖 B ɿ 䠁 d e d G I

ʔ ν ̮ 㡱 ⠥ d ሦ 㜗 G Ҧ 嘙 ᙈ ̈

䈢 㥁 ɿ ᙈ e 䉗 〇

㡆 G Ҧ 嘙 ᙈ ᙈ ᒄ

Ϟ d ₕ ̀ 㔆 ə

䎇 f Ш 䁙 ሥ 剨 ᡦ

ҳ 㡱 ᦀ ቴ 嘓 ᠑ ɽ

Ë І 䡗 : d 失

˖ μ

⡒ Б ઋ d ֻ ֻ ᡦ Ν ɓ ⅷ 㡱 ᚆ 䙵

ุ ᘥ ɧ ɽ ʔ Ν f

䘁 � 㠆 e ৵ І ᔲ

Ыሦ 㡈ϋ 偳ⅶ ᘥ˂ ҳ̨ 㡱奖 ᥳ( ኉Ҧ 䔒

0 Ҧ ∅ ‫ق‬ 㡗 呦 d 㒂 䀹 ᜱ ϓ ʹ 呤 䘙 ざ ৷

ਠุմ̊1601㈂2018.7

38


䍘 ʔ Գ d อ 啡 ᙈ ㄡ ʔ ึ λ i 吶

อ 啡 偂 倖 ᙈ ᤩ ʕ 㡃 d 㜗 ʕ 㡃 ᙈ

㔶 k ⚅ 偂 倖 ᙈ ᥴ ⚃ ̈ Ը f Է ν

ֵ ù 㡱 ᚆ p ℓ О ≧ ʑ ึ ㌑ ਗ 䄗

啡 啡 啡 啵 ᘥ ᔥ ̡ ʦ f ϋ 䁳 ɧ ɨ ˜ ฌ ՟ ㉣ ⚃ ष 啡 อ

‫ي‬ 䅳 ⡑ ҅ -

F D A

. ⥠ 䙕 อ

ɰ ᡦ ⢑ ɓ ↗ ≅ Ց   ☕ ₔ ᝖ 䁶 啡

ʕ 㡃 ᡦ ̨ 奖 ̹ ℉ ざ ɽ G Ҧ ᙈ d

ᔲ 䤇 ᡈ ̈ d ᡡ ㉷ ҳ ᜂ ‫ج‬ ɛ 㡁 ʊ

偳 อ 啡 㒂 ㌑ 㤄 ㌣ ʕ ᘥ ⤆ 㝧 f 䘁

ʔ 㤄 d ɓ ছ ㆇ ˒ ጠ ʔ ∁ ᔨ พ

ҿ ဠ ɽ ᡦ इ づ d ᜉ ╤ ₔ ᝖ û ɽ

TMB-355

☧ 䜘 ɓ ਼ ᦀ ቴ ɛ ʑ d 䀳 ㆇ ˒ ဢ

㥇 ㈂ d ᙈ 䍘 ㄡ ঐ Ύ Ҹ ɓ ‫ت‬ f

ᒄ d ϓ ʱ ᙈ ⤈ ϓ ɦ ˄ ε § d Ց

ʕ 㡃 j ฌ ㉣ 啡 啡 啵 ϓ ᡈ 䑴

~ f ⦗ ≧ d ̥ ⁓ 䑤 ο 偄 ᔥ ‫ج‬ ɛ

ᡈ 䑴 f û ᔥ ☕ ̮ ᡈ 䑤 ʔ Ո ਞ အ

อ 啡 ̹ Շ ֙ ᠡ ざ 㙹

ʑ ঐ પ П ; Ը ㄱ ϋ ᘥ 䚔 ਯ 䒗

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⡘ ᝖ 䚔 ɝ ʕ 39

ϋ ɦ ਗ਼ ぁ ‫ذ‬

䖇 ᝖ ㊀ d ʦ

L 䒄 Τ ุ V ᤆ d ਕ

䁳 ৰ ঐ ɨ 䆆 ͂ ~ ₆ ᝖ ɝ ㎅

ਠุմ̊1601㈂2018.7

⢑ ɧ d ϣ ૄ 㞆 偂 倖 ᙈ ᤩ 䠁 䔳

ဢ 㢈 ˇ ᚇ ㈂ ҳ 㡱 f

、 ҳ ᜂ ‫ج‬ ɛ ɰ ╱ Σ ‫ت‬ ᤀ 䠁 Ъ d

~ ့ ⚁ 䠴 ᝂ d ‫ت‬ ਗ ɰ ╱ ɽ d ㄡ

(Ҧᙈɽ䄗䒙d∅坴ᜱɓ㑠ざ䔒 {{ 4ϋ Ҧ∅ᜱᠡϓʹ$₀䈢ᡈ䑤䄗ㄧ ϋ᠑

2015 2016 2017 2018

ϓʹÆ₀ ∅ᜱɓ㑠 ∅ᠡɓ㑠

17.7% 19.0% 14.5% 15.2%

㌱ Ց ɞ ˜ Ϛ ̺ ⢑ ɚ ֙ ৌ ㄀

‫א‬ ᡦ ̥ ̺ ҅ Ϟ ϓ ᚇ ᒄ ᘥ ℠ ᙈ d

ϓ ʹ ₀ ɨ 㙸 d 偲 ৵ ̈ ゗ d

ʹ ₀ d Б ઋ 剨 ̙ ַ 坣 i Ш ′

ʹ ₀ d ν ᕄ 䈂 ᡅ ∅ ᜱ ᘥ ৷ ϓ

ʱ ᕕ d ∅ ᠡ ঐ щ 坣 䄗 ⁓ ᥴ ϓ

㡱 ɛ ʔ ə 㡆 ᘥ ᡦ d 㜗 อ 啡 ⤐ ᔥ

匕 ̨ 奖 ҳ 㡱 ɛ ʊ ᠖ 䔐 ⚒ f Ш ҳ

ґ 㡐 変 ɓ e ɚ e ɧ ㈂ 㤄 嘑 d ⦗

啡 ᙈ ᘥ 䄗 ۰ 䠦 d ⦙ ੬ 㠅 ί 切

Ϟ 㝴 変 f 䁃 ᔩ ᜁ ʱ ᕕ d 䒄   อ

㐗 П อ 啡 ̹ ᘥ ุ 兴 ্ 噤 ʥ Ӛ

Չ 䀨 d ⦗ ᡦ ̨ 奖 ҳ 㡱 ɛ 䀳 ᔥ

ก d ᡦ ; Ը ϓ ᚇ ~ 㢖 Ը ๕ f

㌱ त ⌃ ⅅ ≤ d 㠢 䅨 ՟ ⚃ ϓ Э

‫ي‬ e ̚ × ू G ㎉ e ï ጢ ू G ㎉

͂ 呦 ҿ d ᜴ ᡦ ㅣ ㅳ ə ν 唙 Κ ㈠

᝖ e ४ ≤ f ʦ ϋ ‫ج‬ 䉩 ึ ̴ ᘥ p

╤ ₔ ᝖ ʕ d 䉗 〇 嘓 ᠑ 㢈 Э ᘥ 㔑

ɽ Ϫ ᘥ p ~ ⡘ ᝖ d Չ 䀨 ᡦ ᜉ

ο ጠ ʔ Ո ਞ အ ᒄ d ⁓ ㌱ Ց ⢑ ɚ

≅ Ց 啡 啵 e ̹ ᠡ d ⢑ ɓ ֙ 䑤

ʑ ᡦ 嘑 剹 f ɽ Ϫ ª 㝴 儤 䀀 㒇 ᘥ

ϣ d ঐ щ ʹ ̈ 唸 ֛ Σ ᘥ ุ 兴

Ш 䀳 ‫ج‬ ɛ ဢ ነ d 呦 ҿ ̥ ᡦ Չ

5.1%Î7/13~7/17Ï 5.2%Î7/12~7/18Ï 4.2%Î6/16~6/26Ï 4.8%Î7/7~7/16Ï

12.5% 16.2% 9.7% {

㐕jg⤁⁕ᡈϓʹᚆ呤̕卂㐹̹゗ϓʹt₀d ϋ䑤䞗⤁⁕Ї ˜ ˚ 㡱≤Ը๕j卂㐹ʕː 䠆⡑j䘁�㠆

ᥳ ≧ ኉ ª d f ɨ ʑ d Ϟ ਗ਼ 䠦 ʱ ึ ϣ ˀ ૄ 䐗 㞆 ‫ז‬ ̈ ʧ อ ⤃ Б ҳ ઋ 㡱 f ֙ e ⢑ ɧ ֙ ᘥ 儤 © 䑤 ο ̈ 噣 d

∅ᜱ┐䄗ㄧ᠑/㈂㒄

‫ז‬ ɓ ‫ت‬ Б ઋ ᘥ 䈤 ̨ f ̥ ᡦ d ᤩ

Ї ᡦ ɓ 㒂 ∅ d Б ઋ ᜅ 䦙 ʘ ㍄ Ҽ f

㈂ ʔ ᚇ d ֻ ֻ G Ҧ ∅ ㍄ Ҽ e ᥑ

G Ҧ ∅ Б ઋ ʕ ᔲ 夅 ̰ ့ f

ᘨ ᘨ 㠅 d ɰ 失 อ 啡 嘙 ᙈ ί ʦ ϋ

্ 噤 ᝁ ̥ Ϟ ɖ ဓ ε 㝖 § d ᙈ 䍘

ʕ 㡃 ᘥ 儤 ©

堩 З d ざ ɽ ˓ ㌳ f

ɽ Ϫ d ɓ ɹ ं ̍ 䥲 ∅ ゗ k ɤ ℠

ᘥ d ⥁ 㤄 ᔥ ᜉ ╤ ₔ ᝖ × ʈ ุ ٫

ʦ ϋ ざ 䢀 㙅 ί G Ҧ ∅ ʕ Ъ ε

☕ इ 啵 ㈂ 垗 ਪ ⥒ 㝴 ⡑ 䘁 ᔲ 䤇

㈂ 㒄 圓 ‫׳‬ л ε d ϓ ə ù 㡱 ո ֛

䈐 ㉴ 匕 d ̡ ᤖ e ᡗ ִ ɰ ੬ ί

ú Ϊ G Ҧ ∅ ሦ ϋ ̀ ֛ ϓ ᤩ อ

ᘩ 㡱 ᚆ 䙵 ਗ Ց Ⅳ ℠ ϣ ૄ 㞆 f

⚅ ⦗ ጤ 偂 倖 ᘥ ᙈ 䍘 ᙶ ⡒ d ̙ ⚃

Ϫ 䌵 ⁣ d ⦙ 㢁 ᜴ û 嘸 吢 㜗 × ᙶ d

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ᠡ d k ˜ 䀳

ɽ Ϫ j ¾ ̒ ϋ 儤 Á ϋ 䎇 Ã ϓ

⢑ ɚ ֙ 㒂 䙓

ᜉ ╤ ᝖ ุ 兴 һ っ 呦 ҿ

ʔ 㤄 Ϥ 啡 ᔥ

䄗 㢘 k ϓ f

̡ ᙈ 䍘 ɽ

啵 ᠡ d ੭ ਗ

㜗 噴 䕅 呸 ਗ d ┢ ㄡ 䀳 ə f

ᜂ 噴 䕅 d ҳ ᜂ ɓ 㐹 ε ㄡ ኙ d

ነ d ざ 历 も ᘥ ਂ ‫ج‬ ㄡ ᡦ ┣ 吧 ҳ


ҳ㡱㉴匕

奠 䔳 ₀ 匕 Ը Ց Ν ุ 㠕 ㎕ ঐ щ

㑑 f ø ᜱ ɽ Ϫ ᙈ 䍘 ʊ 㝴 䄗 ε d

㄀ 䑤 ο 匕 ˦ d ɨ 㑑 ≧ ɰ ᥲ 䀳 Ҥ

̡ 㢈 ℉ ⚃ ̺ ҅ d ε 倖 ≧ ̙ û ৌ

᝖ e 吶 ҿ ʕ d Ϟ 儤 © 儵 л ᘥ

ε 㔣 ɧ Ĉ Ց ʞ Ĉ d 吶 ҿ ᙈ ਗ 䊇

ձ ˣ л ⡇ i Ш 㥁 ɿ × ʈ ˣ л ⡇

ґ 䀨 変 d һ ₀ 㐔 ⁖ も 㑰 e 䍘 ⊖

ҿ ᙈ һ 㥳 ÷ 㥁 ɿ ᙈ ÿ d ʔ 㔆 切

ဢ ᥲ 㢈 䉗 啡 ᙈ d ɽ ε 䑤 ᘥ 吶

䦀 d А 䢕 䠦 ˣ л Э d 儤 © 䘙 ৷

ਖ਼ ᦀ G Ҧ ᙈ ᘥ Վ ਠ ʱ ᕕ ∘ ㅲ

Ը ɽ 䄗 㑄 㤄 k ϓ f

㢘 ɖ Ĉ d ɰ ੭ ਗ ᙈ 䍘 ̬ ℠ ˜ ª

㢈 ৷ ᘥ ᚆ 坂 㡐 h d ̙ ૐ ̕ 儤 ©

剁 ᠒ 圀 d ˀ ဢ ᡦ 吶   e ᜉ ╤ ₔ

इ づ j А 䢕 䠦 㜗 䐘 Ι 䠦 䙓

⡘ ᝖ d इ づ ʦ ϋ ਗ਼ પ ̈ 䆆 㙹 ᠑

ҿ d ɽ 䐡 啵 Վ І 儤 〓 ፨ ⡑ ᕉ ᔲ

ᝁ ጦ Ϟ G Ҧ ᙈ ᘥ ৷ ू 㐗 䍘 f

ᜉ ╤ ₔ ᝖ 劗 ㉷ ᒄ 䙕 嘙 Ч 㔢 ⡘ d

㠅 ί 㤇 ʞ ɤ ℀ ᘥ ৷ ˥ 㙹 d 夅 F

Ց ʞ ဓ ɧ ɤ ɞ § d ø ᜱ ू

k ̬ Ĉ λ ϓ 兴 d ੭ ਗ ᙈ 䍘 Ҹ

̒ ϋ 儤 © ɚ ɤ ɘ 䍔 § e ϋ 䎇 ⡇

☕ ᜱ ɤ ɽ ᘨ 䚔 ਠ ʘ ɓ f ʹ ̈

ɽ Ϫ ‫ן‬ ∅ ऎ ̮ d ᡦ 奠 䀲 ᡈ 䑴 f

ɺ ᘨ 䚔 ⦙ 㢁 㠕 ⡴ d ; Ը ঐ щ ν

ε d 㠕 ㎕ 儤 © ɽ ㄧ 㒙 ʕ ί

Ϫ ᘥ ऎ ̮ ̺ ҅

㤄 d ┐ ɽ

≢ 偲 d ʔ

̈ ⡒ 䍘

ึ ϓ ᚇ   Շ ϓ i ⢑ ɚ d પ 〧 ̈

˚ ⡲ ҳ 垗 㥇 П d А 䢕 㡐 h Ϟ 䠦

ϋ อ 䎇 ᚘ ᤆ e 䒄 ᤆ Շ ↗ ព ˒ d

➆ 㢁 j ⢑ ɓ d 匰 ɽ ̹ ゗ f ̴ ʦ

÷ ㎑ ᠙ 䉹 ᤓ

〕 㤄 ㆗ ɽ 㔣 d л ☕ ɓ ⦗ e ՟ ጤ 匁 ⚃ Ĉ ☕ ☕ 䚔 ̸ ↗ ձ ਯ ̛ ᤓ ৵ ⥸ f ㍥ Ը ̙ ɛ Г ੂ ɹ ጥ 㚑 ϓ ㌱ d ᚇ d ̍ ⡇ ʔ ᡒ

┐ ⡒ 㒈 ᤀ 䉗 啡 嘙 ᙈ 㢈 ␥ 呦

吶 ҿ 㥳 㥁 ɿ ᙈ Ш ˣ л ৷

อ f 㔢 ⤁ ¾ ᘥ 䅡 㡐 h d ᡦ ℠ ဠ

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• 䑴䍘j150U • 2018ϋ㥇ПEPSj6.16U • 呦ҿj㎑᠙䉹อព˒⁖も

㎑ ᠙ 䉹 П ⁕

㔕 啇 ʕ ᡈ ̈ d

ጐ त ৌ ਕ ᚇ

Ҟ ᘥ ☕ ↗ l ÿ

ᥑ Ї Ό ⡐ ざ

⡇ ᡦ ᕃ ᝀ ጥ e

㍥ ɛ ɹ ϓ ᚇ

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• 䑴䍘j168U • 2018ϋ㥇ПEPSj9.31U • 呦ҿjᚘᤆe䒄ᤆอព˒ ̋ɝÐᚆ坂㡐® ̈⦈

इ づ 䘙 儤 © e ᔕ 儵 л ̥ Ϟ Շ

¾इづ̘ϋ䙓̈1,700㝖⡱А䢕 䠦㡐®dᡦՉ¹⁓儤 Ը๕f

₀ ᜴ ʔ Ց Շ ϓ f

㑄 㤄 k ϓ Ը І 㡐 h d А 䢕 䠦

㡐 h ঐ 䙓 ⚃ һ ε d इ づ 儤 © Ϟ

㥣 ᘥ   Շ ℀ f Ш А 䢕 䠦 䙓 㑃 ε d

㚑 ʑ ঐ ̹ 䙓 d ጐ त ί Ë ᤓ ㍥

ϣ อ 啡 d Ϊ 〓 ʱ 吶 ҿ 㔆 ՟ ⚃ ੂ

ɛ 䘁 㐖 㡃 ᙶ F d 吶 ҿ ў ᚆ 㑰 㔣

⢑ ਠ ሦ А ᡦ ɛ 㞆 ɓ ጐ ɧ ⠀   ɹ ̨ ू f त ➆ ᘥ ☕ d 奖 Ό ਂ ㄱ 䅳 ᘥ Ϟ ᡦ ⡐ ᘥ ɿ Շ 㑄 ᤓ 嘑 d ㄡ - ℀ 㤄 ㍥ 剹 ί Ϟ А f ɧ ɽ G ̨ ɓ ⠀ ᤓ ɷ ☕ d Ҧ ̹ ➆ ┡ ㍥ З ᤓ ਿ ̕ ᡦ 㢁 ≧ ㍥ ሦ ᚆ ⡇ ̨ 䅳 d ष ɓ 㝴 ৷ 奖 . 䥩 ઃ ဓ ᑂ 䐖 d ┖ d 㝖 ⡑

̈ ɚ ဓ ̬ ɤ 㝖 ̨ d ᡦ ⢑ ɚ Τ ʞ

℉ ɰ ざ ৷ ᘥ ᡦ इ づ d ̴ ̘ ϋ 䙓

А 䢕 䠦 ุ ٫ ʕ 儤 © ざ ৷ e ̹

ˣ л ⡇ ᝁ ৷ 㢘 ʞ ϓ Ց k ϓ ª f

̨ i Ш А 䢕 䠦 ᘥ ঃ ҿ ÷ 㡐 h ÿ d

Ї ⁙ ʞ Ĉ d ㄱ 䙓 ɓ ̨ e 刢 ɓ

䙓 l А 䢕 䠦 ˣ л ⡇ ᡦ ÷ ⁙ ÿ ɧ Ĉ

ਠ ᠧ 䍑 䙓 k ㌶ ⊁ ᡦ d 㜗 䐘 Ι 䠦

ጐ त j ֻ ᤓ ㍥ ɛ ε ᘥ ☕ ↗ ̘

ㆀ 䠦 䌰 Ӌ ʔ ɽ ᘥ А 䢕 䠦 d 䐖

л 〕 㢈 唸 ╤ ᘥ ૄ 㞆 f

ɧ ϓ ª d ᡦ ৷ ˣ л e 儤 © 儵

ሦ ˜ 儤 © ʔ 㙹 d ሦ ֙ 傖 㐔 у ̙ f

ʔ × ᙶ 儵 л ৷ d Ϊ Ϥ ⦗ 嘙 ᙈ ᥴ

ਠุմ̊1601㈂2018.7

40


ҳ㡱㉴匕

ㄖ ጐ 啵 Վ ਗ਼ 䆆 ㎂ ू ⚅

̹ ゗ 噳 ‫ن‬ 㤄 ̘ 䠹 ड d 䆆 ㎂ ϓ

䆆 ㎂ ㌑ ነ ɛ մ ㎂ ᥇ ᡈ ̈ d Ϊ

〨 d 䆆 ㎂ ᙈ 䍘 ᠦ 吱 Σ ɨ f

ટ ϋ Ϟ ㎅ ֵ ɞ ᙈ ➆ 䍘 Զ १ 偲 ̤ Ϋ   Ҭ ɷ ☕ ᚆ § ̹ ̙ ᘥ ゗ × 嘑 d ʈ 剹 ϓ 䚔 i ᤩ 䒄 Ш ̘

㎂ ̘ ϋ ន ̺ 匰 ⡘ ≧ d ɚ ɤ ➆ 䕴

ᚇ 㥇 ㈂ ึ ⅅ П ⁕ Ը ⚃ Э f

Hubble

㆔ 䅢 ว も f

䁖 㑑 p Ϊ ㄡ ᡦ 噳 ‫ن‬ 䀳 ˓ ᚆ ̙ e

§ d Ց ɖ ˜ ざ Э ʔ Ց k ဓ § d

䆆 ㎂ Έ 䝸 d ᙈ 䍘 ⚅ ৷ − 㑄 㤄 ɷ

ゖ 䅨 ÷ 劕 Җ ⡵ 喗 ᥔ ᘥ 匑 ऎ ÿ ᘥ

Ν 匑 ऎ ≅ Ց 嚒 ᕄ ⁖ も ɓ ছ d 䆆

ᘥ ⁖ も d ㄡ ̕ ə 儤 © ɞ Ĉ f ν

ᕄ Έ 䜐   ☕ อ だ ̡ Hubble

ɚ ɤ ̬ ℀ d 䘶 ₅ Ї ɤ ɘ ℀ d ø

ᤆ d   ☕ 儤 © ⅅ ̥ ̕ ɓ Ĉ d ㍄

䆆 ㎂ ᘥ p ~ ̹ ゗ Σ Ը ί ጥ

↗ d ɘ ϓ 〕

吢 㒂 ̬ ɷ ε

᜴ ҷ ኖ ᘨ 儤 ֳ f ª ⥳ 䑶 䘸 d 嘸

㢁 j 嘸 吢 p ⁓ ᡦ ̋ 㜩 ֳ d Р ㌐

㊀ ᘥ 嘸 吢 ձ Р ㌐ ኖ ᥲ ˀ ᘥ

ɓ 䑩 〕 ᡦ 吶   ֳ d Ш ̨ 奖 ન

ਗ d ㅲ ˝ 㑢 ⦈ 㑰 f

Ҫ ₀ ː ‫׳‬ ί Ë ̋ 㜩 ֳ ᘥ ន 㔢 ᤔ

ɽ   ̥ ึ Ύ 䎇 ̋ ɓ ဓ ε ↗ d ҷ

̈ d ɨ ̒ ϋ ∅ ֳ 。 ᠑ ਗ਼ ㉇ 䕶 d

ʔ 㤄 d Ϊ ա 㤄 ❆ ━ d ‗ τ 䂀 ᡈ

吢 儵 л ኑ ֵ d ʦ ϋ ʑ ₀ ᙹ ৷ − f

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• 䑴䍘j338U • 2018ϋ㥇ПEPSj13U • 呦ҿj̋㜩ֳҷ₇Ðʦϋ ̒∅ֳ㤇400↗

℀ d 䈢 ʕ ☕

Р ㌐ ᘥ   ʞ

ί ʕ ☕ d ᡦ

ᡦ Ы ҳ 㡱 ≧ ̀ 㔆 ਂ ᘥ ̌ 䘳 f

ֳ 䑤 ʘ ̮ d ӵ 䆓 ሦ ˜ 儤 © 墘 ʷ d

〕 墘 ϓ ⁙ 䠄 f 嘑 ː 吶   ⦙ 㢁 ∅

ɓ h ˂ d ਂ ʔ λ d 㒂 ̈ Ը ᘥ ֳ

ʔ 㤄 d 吶   ⦙ 㢁 ਂ ⚃ λ d Ϟ

䑴 䍘 ᜴ 䘶 ₅ ɽ   Շ ϓ f

᠙ 䉹 䐖 ♄ ʚ ᝂ ૐ ᘥ p Ϊ f

䆆 ㎂ j   ☕ ɽ も ̸ ̛ ᙈ 䍘

ᤓ ㍥ ɛ ɹ d ᡦ ̹ ゗ 䀳 ጐ त ㎑

ᜉ ᘥ ₀ 匕 ㍑ f d Ϟ п ᔥ ㅲ ˝

䉹 ᡗ ִ ਗ਼ Ҫ ᤓ ㍥ ΐ ɝ Ό ╤

ਗ G Ҧ ̡ ᘥ ϓ ❇ d ㎑ ᠙

㝴 ⡑ ♷ ↗ 䅥 ᡈ ̈ d ☕ ↗ ᡗ ㌲ ⡀

☕ इ Ό ⡐ G Ҧ 吶 允 ҳ 㡱 ਓ 冀

ϓ ᚇ 㢘 ɧ ʞ Ĉ f

П d А ⠀ ┡ 㢁 䅳 䚔 㑰 ̙ Ϊ Ϥ ϋ

㍥ ᥲ 嘑 ̡ ⁖ も d ˚ ⡲ ҳ 垗 પ

̘ ϋ ձ ʦ ϋ ʊ ՟ ⚃ 㜗 ή Շ 㒄 ᤓ

ጐ त ɧ ϋ ᜱ ί ㎑ ᠙ 䉹 ⥹ 䐖 d

ɓ ϋ 㡈 ϓ ᚇ ⡇   㢘 Շ ϓ f

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¾䆆㎂Ҹ ☕̹゗d ̘ϋEPS㤇30Ud રΤ㔣ϣɽ'Έf

奖 吶   ⦙ 㢁 ʊ 㒂 ، ㆇ 㠐 d ʕ ☕

ε 垗 ព ‫ژ‬ d ㄡ 剑 ⚃ 㑃 ε f ̨

䑤 ձ 㒙 ព ~ d 㑃 ε ֳ 㒂 䀹 d 㑃

ʲ ᘥ ᡦ л ਿ ̹ ゗ d ᔕ ᘥ ᡦ 㒂 ֳ

㒂 吶   ⦙ 㢁 d ㄡ 㥳 㒂 ኒ 䒉 ֳ d

̋ ɚ 㜩 ֳ ɓ ⁙ k ϓ ϋ ᚇ ձ f ɓ ɖ ϋ 墘 ϓ 嘸

ɰ ᡦ ̡ ϓ : ª Ը d ਬ ɓ ɓ ϣ

Ϥ ɽ ᦂ ɓ ဓ ɚ ɤ k ↗ ̋ 㜩 ֳ d

剨 Ҫ ⡘ ᝖ ≅ Ց 䆕 㢁 ұ 䍘 䙓 d Ϊ

ε d Ϟ ᘥ ֳ 㢘 ʔ Ց ざ Э 㑢 ⦈ 㑰 d

ᡦ < ℓ ⡵ ʕ ざ ɽ ᘥ ̹ ゗ f

2 ̊ 㡱 ≤

嘸 吢 j ʕ ☕ ざ ɽ e 㒂 ֳ ざ Ҟ ᙶ F d ɚ ´

Չ < 吶   ֳ

劕 Җ ⡵ 喗 × ʈ 㡹 㥁 ɿ × ʈ ɓ

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d 䑤 㑰 ɰ

䑩 d е ʔ ə ÷ ૨ 䍘 ÿ ձ ÷ ว も ÿ f

ɓ k ϋ 嘸 吢 ֳ 㒂 ˄

吶   ⦙ 㢁 ʲ л ਿ ̹ ゗

嘸 吢 ҳ 㡱 ɛ 嘑 ᜙ ⥒ 冀 䅓 ‗ τ 䂀

Ш ֳ 㒂 ⚃ ˄ Ҟ d ɰ Ϟ ᠡ 䥸 स f

‫ن‬ ᘥ 㢁 f ÿ

‫ن‬ ~ d щ ᜴ ㄡ ̥ ঐ ኖ ᜰ 䍘 噳

ɨ ̬ Ĉ ̕ d ÷ ৰ ᚘ 䍘 ⊖ Ϟ 噳

৷ 㢘 ɘ k Ĉ d Չ 䜡 䐖 ਠ ‫ن‬ 䀔 ち

ㄧ ᠑ d T ᜱ ̬ ɽ ☕ 䌧 䐖 冀 ̹ ̕

ᠡ ᥦ 䜡 ̙ 㢘 Ց ɤ ɧ § f

⠧ л ਗ਼ ϓ ᚇ 㑄 㤄 ɖ ϓ d ሦ ᙈ ㌤

ᘥ 剨 ε d ㄖ ጐ 啵 Վ 㥇 П d ʦ ϋ

̬ ဓ ɧ ɤ ʞ ↗ ֳ d Ό ϋ 㥇 ㈂

ʦ ϋ ̒ ϋ 嘸 吢 ʊ 㝴 㒂 ə

̹ ゗ ⡘ ℉ ɓ ϋ ̥ Ϟ   k Ĉ ϓ ᚇ 儵 л ɰ 䘙 ⚃ 㑃 Ҟ f

䘁 㐖 㡃 ᙶ F d Ό ⡐ 劕 Җ ⡵ 喗 ર ⢑ ɓ f 㒂 ֳ 䑤 㑃 ε d 儤 © e

ਠุմ̊1601㈂2018.7

42


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