{"id":610508,"date":"2025-12-17T23:34:30","date_gmt":"2025-12-18T07:34:30","guid":{"rendered":"https:\/\/nai500.com\/?p=610508"},"modified":"2025-12-17T23:34:30","modified_gmt":"2025-12-18T07:34:30","slug":"%e5%a2%9e%e9%95%bf-%e5%8a%bf%e5%a4%b4-%e6%b2%a1%e6%9c%89-%e6%94%be%e7%bc%93-%e4%b8%89%e5%8f%aa-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e8%82%a1%e7%a5%a8-%e5%85%b3%e6%b3%a8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/12\/%e5%a2%9e%e9%95%bf-%e5%8a%bf%e5%a4%b4-%e6%b2%a1%e6%9c%89-%e6%94%be%e7%bc%93-%e4%b8%89%e5%8f%aa-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e8%82%a1%e7%a5%a8-%e5%85%b3%e6%b3%a8\/","title":{"rendered":"\u5f3a\u52b2\u589e\u957f\u52bf\u5934\u6ca1\u6709\u4efb\u4f55\u653e\u7f13\u8ff9\u8c61\uff0c\u8fd9\u4e09\u53ea\u52a0\u62ff\u5927\u80a1\u79682026\u5e74\u91cd\u70b9\u5173\u6ce8"},"content":{"rendered":"<p>\u5728\u7ecf\u5386\u4e862025\u5e74\u9ec4\u91d1\u80a1\u4e0e\u90e8\u5206\u5de5\u4e1a\u80a1\u7684\u5f3a\u52b2\u4e0a\u6da8\u540e\uff0c\u6295\u8d44\u8005\u6b63\u5c06\u76ee\u5149\u6295\u5411\u65b0\u7684\u4e00\u5e74\uff0c\u5bfb\u627e\u80fd\u591f\u5ef6\u7eed\u589e\u957f\u52bf\u5934\u7684\u6807\u7684\u3002\u5e02\u573a\u73af\u5883\u77ac\u606f\u4e07\u53d8\uff0c\u677f\u5757\u9a71\u52a8\u529b\u4e5f\u5728\u8f6e\u8f6c\uff1a\u4ece\u5730\u7f18\u51b2\u7a81\u4e0e\u907f\u9669\u60c5\u7eea\uff0c\u8f6c\u5411\u5bf9\u7279\u5b9a\u884c\u4e1a\u7ed3\u6784\u6027\u673a\u9047\u4e0e\u516c\u53f8\u7279\u5b9a\u8d22\u52a1\u7b56\u7565\u7684\u6df1\u5ea6\u6316\u6398\u3002<\/p>\n<p>\u5728\u6b64\u80cc\u666f\u4e0b\uff0c<strong><b>Telus Corporation\u00a0<\/b><\/strong>(<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=T%3ACA\">TSX:T<\/a>)<strong><b>\u3001<\/b><\/strong><strong><b>Descartes Systems<\/b><\/strong>\u00a0(<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=DSG%3ACA\">TSX:DSG<\/a>)<strong><b>\u548c\u661f\u5ea7\u8f6f\u4ef6<\/b><\/strong><strong><b>Constellation Software\u2019s<\/b><\/strong>\u00a0(<a href=\"https:\/\/nai500.com\/zh-hans\/%E8%82%A1%E7%A5%A8%E6%9F%A5%E8%AF%A2\/?qm_symbol=CSU%3ACA\">TSX:CSU<\/a>)\u8fd9\u4e09\u53ea\u52a0\u62ff\u5927\u80a1\u7968\uff0c\u51ed\u501f\u5404\u81ea\u9886\u57df\u5185\u96be\u4ee5\u590d\u5236\u7684\u4f18\u52bf\u4e0e\u6291\u5236\u4e0b\u8dcc\u7684\u5173\u952e\u56e0\u7d20\uff0c\u5c55\u73b0\u51fa\u6709\u671b\u6301\u7eed\u81f32026\u5e74\u7684\u589e\u957f\u52a8\u80fd\u3002<\/p>\n<p><strong><b>Telus<\/b><\/strong><strong><b>\uff1a\u8d22\u52a1\u91cd\u6574\u4e0e\u80a1\u4e1c\u56de\u62a5\u7684\u53cc\u91cd\u52a8\u80fd<\/b><\/strong><\/p>\n<p>\u4f5c\u4e3a\u52a0\u62ff\u5927\u7535\u4fe1\u5de8\u5934\u4e4b\u4e00\uff0cTelus\u8fd1\u671f\u7684\u80a1\u4ef7\u6c89\u5bc2\u4e0e\u5176\u9ad8\u8fbe9.5%\u7684\u80a1\u606f\u6536\u76ca\u7387\u5f62\u6210\u9c9c\u660e\u5bf9\u6bd4\u3002\u7136\u800c\uff0c\u8fd9\u6b63\u662f\u5176\u672a\u6765\u52a8\u91cf\u8f6c\u6362\u7684\u8d77\u70b9\u3002\u516c\u53f8\u7684\u6838\u5fc3\u7b56\u7565\u6b63\u7ecf\u5386\u5173\u952e\u8c03\u6574\uff0c\u8fd9\u6784\u6210\u4e86\u5176\u72ec\u7279\u4f18\u52bf\u3002\u516c\u53f8\u5ba3\u5e03\u6682\u505c\u80a1\u606f\u589e\u957f\uff0c\u5e76\u9010\u6b65\u53d6\u6d88\u80a1\u606f\u518d\u6295\u8d44\u8ba1\u5212\u7684\u6298\u6263\uff0c\u5176\u6df1\u5c42\u610f\u56fe\u662f\u5c06\u539f\u672c\u7528\u4e8e\u652f\u6301DRIP\u7684\u7ea68.6\u4ebf\u52a0\u5143\u8d44\u91d1\u8f6c\u5411\u80a1\u4efd\u56de\u8d2d\u3002<\/p>\n<p>\u8fd9\u4e00\u8f6c\u53d8\u610f\u4e49\u91cd\u5927\uff1a\u56de\u8d2d\u80fd\u76f4\u63a5\u63d0\u5347\u6bcf\u80a1\u6536\u76ca\uff0c\u5e76\u5f70\u663e\u7ba1\u7406\u5c42\u8ba4\u4e3a\u80a1\u4ef7\u88ab\u4f4e\u4f30\u7684\u4fe1\u5fc3\u3002\u540c\u65f6\uff0cTelus\u6b63\u81f4\u529b\u4e8e\u5728\u672a\u6765\u4e24\u5e74\u5c06\u6760\u6746\u7387\u4ece3.5\u500d\u964d\u81f33\u500d\uff0c\u5e76\u5c06\u81ea\u7531\u73b0\u91d1\u6d41\u5e74\u5747\u63d0\u534710%\u3002\u8fd9\u4e00\u7cfb\u5217\u4e3e\u63aa\u65e8\u5728\u4ece\u6839\u672c\u4e0a\u6539\u5584\u8d22\u52a1\u72b6\u51b5\uff0c\u4e3a\u80a1\u4ef7\u63d0\u4f9b\u624e\u5b9e\u652f\u6491\u3002<\/p>\n<p>\u5373\u4f7f\u5e02\u573a\u62c5\u5fe7\u5176\u80a1\u606f\u53ef\u6301\u7eed\u6027\uff08\u5f53\u524d\u6d3e\u606f\u7387\u7ecf\u8c03\u6574\u540e\u8fbe115%\uff09\uff0c\u4f46\u9ad8\u80a1\u606f\u672c\u8eab\u63d0\u4f9b\u4e86\u5f3a\u5927\u7684\u4e0b\u884c\u4fdd\u62a4\u3002\u5206\u6790\u6307\u51fa\uff0c\u5373\u4fbf\u4eff\u6548\u540c\u4e1a\u8fdb\u884c\u80a1\u606f\u8c03\u6574\uff0c\u5176\u8c03\u6574\u540e\u7684\u6536\u76ca\u7387\u4ecd\u53ef\u80fd\u4fdd\u6301\u5728\u53ef\u89c2\u6c34\u5e73\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u516c\u53f8\u524a\u51cf\u6760\u6746\u548c\u589e\u957f\u73b0\u91d1\u6d41\u7684\u660e\u786e\u76ee\u6807\uff0c\u4e3a\u6295\u8d44\u8005\u63cf\u7ed8\u4e86\u4e00\u6761\u6e05\u6670\u7684\u4ef7\u503c\u4fee\u590d\u8def\u5f84\uff0c\u6709\u6548\u9650\u5236\u4e86\u57fa\u4e8e\u8d22\u52a1\u6050\u614c\u7684\u8fc7\u5ea6\u629b\u552e\u3002<\/p>\n<p><strong><b>Descartes Systems<\/b><\/strong><strong><b>\uff1a\u5168\u7403\u4f9b\u5e94\u94fe\u91cd\u6784\u7684<\/b><\/strong><strong><b>\u201c<\/b><\/strong><strong><b>\u9690\u5f62\u4e2d\u67a2<\/b><\/strong><strong><b>\u201d<\/b><\/strong><\/p>\n<p>\u5728\u5730\u7f18\u653f\u6cbb\u4e0e\u8d38\u6613\u653f\u7b56\u6301\u7eed\u91cd\u5851\u5168\u7403\u4f9b\u5e94\u94fe\u7684\u80cc\u666f\u4e0b\uff0cDescartes Systems\u4f5c\u4e3a\u5168\u7403\u7269\u6d41\u548c\u4f9b\u5e94\u94fe\u7ba1\u7406\u8f6f\u4ef6\u7684\u9886\u5bfc\u8005\uff0c\u5176\u52a8\u80fd\u6765\u81ea\u4e8e\u4e0d\u53ef\u9006\u7684\u5b8f\u89c2\u8d8b\u52bf\u3002<\/p>\n<p>2018-2020\u5e74\uff0c\u8be5\u516c\u53f8\u80a1\u4ef7\u56e0\u4e2d\u7f8e\u8d38\u6613\u6218\u4e0b\u7684\u4f9b\u5e94\u94fe\u91cd\u7ec4\u800c\u4e0a\u6da875%\u3002\u5f53\u524d\uff0c\u5317\u7f8e\u4f9b\u5e94\u94fe\u7684\u8fdb\u4e00\u6b65\u533a\u57df\u5316\u4e0e\u591a\u5143\u5316\uff0c\u6b63\u5386\u53f2\u91cd\u6f14\u822c\u5730\u4e3a\u5176\u5e26\u6765\u65b0\u4e00\u8f6e\u9700\u6c42\u3002\u5176\u4e91\u7aef\u5168\u7403\u7269\u6d41\u7f51\u7edc\u5e73\u53f0\uff0c\u5e2e\u52a9\u4f01\u4e1a\u5b9e\u73b0\u590d\u6742\u8d38\u6613\u73af\u5883\u4e0b\u7684\u53ef\u89c6\u6027\u3001\u5408\u89c4\u6027\u4e0e\u6548\u7387\u4f18\u5316\uff0c\u8fd9\u79cd\u201c\u4efb\u52a1\u5173\u952e\u578b\u201d\u670d\u52a1\u4f7f\u5176\u6210\u4e3a\u4f9b\u5e94\u94fe\u8c03\u6574\u4e2d\u4f01\u4e1a\u7684\u5fc5\u9009\u9879\uff0c\u800c\u975e\u53ef\u9009\u9879\u3002<\/p>\n<p>\u91cd\u8981\u7684\u662f\uff0cDescartes Systems\u7684\u8f6f\u4ef6\u5373\u670d\u52a1\u6a21\u5f0f\u5177\u5907\u9ad8\u6bdb\u5229\u7387\u548c\u6781\u5f3a\u7684\u5ba2\u6237\u7c98\u6027\u3002\u4e00\u65e6\u4f01\u4e1a\u5c06\u5176\u6838\u5fc3\u7269\u6d41\u6d41\u7a0b\u5d4c\u5165\u8be5\u5e73\u53f0\uff0c\u8f6c\u6362\u6210\u672c\u6781\u9ad8\u3002\u8fd9\u4e3a\u516c\u53f8\u5e26\u6765\u4e86\u53ef\u9884\u6d4b\u7684\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u5e76\u4f7f\u5176\u5728\u7ecf\u6d4e\u6ce2\u52a8\u4e2d\u8868\u73b0\u51fa\u8f83\u5f3a\u7684\u9632\u5fa1\u6027\u3002\u5176\u4e1a\u52a1\u589e\u957f\u5e76\u975e\u4f9d\u8d56\u8d44\u672c\u5f00\u652f\u5468\u671f\uff0c\u800c\u662f\u4e0e\u5ba2\u6237\u8d38\u6613\u6d3b\u52a8\u7684\u590d\u6742\u7a0b\u5ea6\u6b63\u76f8\u5173\uff0c\u8fd9\u4e3a\u80a1\u4ef7\u63d0\u4f9b\u4e86\u7a33\u5b9a\u6027\u57fa\u7840\u3002<\/p>\n<p><strong><b>\u661f\u5ea7\u8f6f\u4ef6\uff1a\u7a7f\u8d8a\u5468\u671f\u7684<\/b><\/strong><strong><b>\u201c<\/b><\/strong><strong><b>\u4ef7\u503c\u730e\u624b<\/b><\/strong><strong><b>\u201d<\/b><\/strong><strong><b>\u4e0e\u590d\u5229\u673a\u5668<\/b><\/strong><\/p>\n<p>\u5728AI\u70ed\u6f6e\u5f15\u53d1\u5e02\u573a\u5bf9\u79d1\u6280\u80a1\u4f30\u503c\u666e\u904d\u62c5\u5fe7\u4e4b\u9645\uff0c\u661f\u5ea7\u8f6f\u4ef6\u56e0\u5176\u53cd\u6f6e\u6d41\u7684\u5546\u4e1a\u6a21\u5f0f\u548c\u8fd1\u671f\u7684\u4ef7\u683c\u56de\u8c03\uff0c\u5448\u73b0\u51fa\u96be\u5f97\u7684\u5e03\u5c40\u673a\u4f1a\u3002\u4e0e\u8ffd\u9010\u9ad8\u589e\u957f\u3001\u9ad8\u4e8f\u635f\u7684\u660e\u661fSaaS\u516c\u53f8\u4e0d\u540c\uff0c\u661f\u5ea7\u8f6f\u4ef6\u4e13\u95e8\u6536\u8d2d\u90a3\u4e9b\u6210\u719f\u3001\u76c8\u5229\u3001\u91c7\u7528\u7ecf\u5178\u6c38\u4e45\u8bb8\u53ef\u8bc1\u6a21\u5f0f\u7684\u5782\u76f4\u5e02\u573a\u8f6f\u4ef6\u516c\u53f8\u3002\u8fd9\u4e9b\u8f6f\u4ef6\u901a\u5e38\u662f\u5ba2\u6237\u4e1a\u52a1\u6d41\u7a0b\u4e2d\u7684\u201c\u5173\u952e\u4efb\u52a1\u201d\u578b\u5e94\u7528\uff0c\u867d\u589e\u957f\u5e73\u7f13\uff0c\u4f46\u80fd\u4ea7\u751f\u6781\u5176\u7a33\u5b9a\u548c\u6301\u4e45\u7684\u7ef4\u62a4\u6027\u73b0\u91d1\u6d41\u3002\u800c\u8be5\u516c\u53f8\u901a\u8fc7\u6574\u5408\u8fd9\u4e9b\u73b0\u91d1\u6d41\u5e76\u6301\u7eed\u8fdb\u884c\u65b0\u6536\u8d2d\uff0c\u5b9e\u73b0\u4e86\u957f\u671f\u7684\u8d44\u672c\u590d\u5229\u3002<\/p>\n<p>\u8fd1\u671f\u80a1\u4ef7\u56e0\u521b\u59cb\u4eba\u9a6c\u514b\u00b7\u4f26\u7eb3\u5fb7\u7684\u7a81\u7136\u5378\u4efb\u800c\u56de\u8c03\u81f32024\u5e74\u521d\u6c34\u5e73\uff0c\u8fd9\u5df2\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u91ca\u653e\u4e86\u60c5\u7eea\u9762\u98ce\u9669\u3002\u65b0\u4efbCEO\u627f\u8bfa\u5ef6\u7eed\u65e2\u5b9a\u6218\u7565\uff0c\u6d88\u9664\u4e86\u6700\u5927\u7684\u4e0d\u786e\u5b9a\u6027\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u5176\u6536\u8d2d\u5e76\u6301\u6709\u73b0\u91d1\u6d41\u7a33\u5b9a\u4f01\u4e1a\u7684\u5546\u4e1a\u6a21\u5f0f\u672c\u8eab\uff0c\u5728\u7ecf\u6d4e\u4e0b\u884c\u6216\u79d1\u6280\u6ce1\u6cab\u7834\u88c2\u65f6\u53cd\u800c\u5f70\u663e\u9632\u5fa1\u4ef7\u503c\u3002\u5e02\u573a\u5bf9AI\u6ce1\u6cab\u7684\u62c5\u5fe7\uff0c\u53ef\u80fd\u4fc3\u4f7f\u8d44\u91d1\u91cd\u65b0\u5ba1\u89c6\u8fd9\u79cd\u5177\u6709\u786e\u5b9a\u6027\u548c\u6301\u7eed\u73b0\u91d1\u751f\u6210\u80fd\u529b\u7684\u4f20\u7edf\u79d1\u6280\u5546\u4e1a\u6a21\u5f0f\uff0c\u4ece\u800c\u6784\u6210\u80a1\u4ef7\u652f\u6491\u3002<\/p>\n<p>\u7efc\u5408\u6765\u770b\uff0cTelus\u3001Descartes 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