{"id":631173,"date":"2026-04-14T21:00:50","date_gmt":"2026-04-15T04:00:50","guid":{"rendered":"https:\/\/nai500.com\/?p=631173"},"modified":"2026-04-14T21:00:50","modified_gmt":"2026-04-15T04:00:50","slug":"%e4%bc%8a%e6%9c%97-%e6%8e%a8%e9%ab%98-%e9%80%9a%e8%83%80-%e4%b8%a4%e5%8f%aa-%e9%98%b2%e5%be%a1-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e8%82%a1%e7%a5%a8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/04\/%e4%bc%8a%e6%9c%97-%e6%8e%a8%e9%ab%98-%e9%80%9a%e8%83%80-%e4%b8%a4%e5%8f%aa-%e9%98%b2%e5%be%a1-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e8%82%a1%e7%a5%a8\/","title":{"rendered":"\u4f0a\u6717\u5c40\u52bf\u5c06\u63a8\u9ad8\u901a\u80c0\uff0c\u8d81\u65e9\u5e03\u5c40\u8fd9\u4e24\u53ea\u5177\u5907\u9632\u5fa1\u4f18\u52bf\u7684\u52a0\u62ff\u5927\u80a1\u7968"},"content":{"rendered":"<p>\u5c3d\u7ba1\u5b98\u65b9\u62a5\u544a\u5f972\u6708CPI\u56de\u843d\u81f31.8%\uff0c\u663e\u793a\u51fa\u901a\u80c0\u964d\u6e29\u7684\u8ff9\u8c61\u3002\u7136\u800c\uff0c\u52a0\u62ff\u5927\u592e\u884c\u8fd1\u671f\u9884\u8b66\uff0c\u4e0e\u4f0a\u6717\u6218\u4e89\u76f8\u5173\u7684\u77f3\u6cb9\u51b2\u51fb\u53ef\u80fd\u4f7f\u56fd\u5185\u7684\u901a\u80c0\u7f13\u89e3\u6ca6\u4e3a\u6682\u65f6\u3002\u7f8e\u56fd\u521a\u521a\u516c\u5e03\u7684\u6570\u636e\u663e\u793a\uff0c3\u6708CPI\u5df2\u8df3\u5347\u81f33.3%\uff0c\u521b\u8fd1\u4e24\u5e74\u65b0\u9ad8\u3002<\/p>\n<p>\u5bf9\u4e8e\u5bfb\u6c42\u7a33\u5065\u957f\u671f\u6536\u76ca\u7684\u52a0\u62ff\u5927\u6295\u8d44\u8005\u800c\u8a00\uff0c\u5f53\u4e0b\u6b63\u662f\u5ba1\u89c6\u7ec4\u5408\u9632\u5fa1\u80fd\u529b\u7684\u65f6\u523b\u3002\u4e24\u53ea\u591a\u4f26\u591a\u8bc1\u5238\u4ea4\u6613\u6240\u80a1\u7968\u2014\u2014<strong><b>Dollarama<\/b><\/strong>\u2018s (<a href=\"https:\/\/www.fool.ca\/company\/tsx-dol-dollarama-inc\/344856\/\">TSX:DOL<\/a>)\u4e0e\u52a0\u62ff\u5927\u56fd\u5bb6\u94c1\u8def\u516c\u53f8<strong><b>Canadian National Railway<\/b><\/strong>\u00a0(<a href=\"https:\/\/www.fool.ca\/company\/tsx-cnr-canadian-national-railway-company\/342454\/\">TSX:CNR<\/a>)\u2014\u2014\u51ed\u501f\u5176\u72ec\u7279\u7684\u4e1a\u52a1\u97e7\u6027\uff0c\u5728\u901a\u80c0\u4e0a\u884c\u73af\u5883\u4e2d\u5c55\u73b0\u51fa\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ef7\u503c\u3002<\/p>\n<p><strong><b>Dollarama\uff1a\u901a\u80c0\u5468\u671f\u4e2d\u7684<\/b><\/strong><strong><b>\u201c<\/b><\/strong><strong><b>\u5ba2\u6d41\u78c1\u94c1<\/b><\/strong><strong><b>\u201d<\/b><\/strong><\/p>\n<p>Dollarama\u7684\u6295\u8d44\u903b\u8f91\u7b80\u6d01\u800c\u6709\u529b\uff1a\u5f53\u6d88\u8d39\u8005\u611f\u5230\u9884\u7b97\u5403\u7d27\u65f6\uff0c\u6298\u6263\u96f6\u552e\u5546\u4f1a\u83b7\u5f97\u9752\u7750\uff0c\u800c\u8fd9\u79cd\u4e60\u60ef\u5f80\u5f80\u4f1a\u5ef6\u7eed\u3002\u8fc7\u53bb\u4e00\u5e74\uff0c\u8be5\u516c\u53f8\u6536\u8d2d\u4e86\u6fb3\u5927\u5229\u4e9a\u6298\u6263\u8fde\u9501The Reject Shop\uff0c\u5e76\u6301\u7eed\u6269\u5f20\u62c9\u7f8eDollarcity\u4e1a\u52a1\uff0c\u4f7f\u5176\u589e\u957f\u5f15\u64ce\u4e0d\u518d\u5355\u4e00\u4f9d\u8d56\u52a0\u62ff\u5927\u672c\u571f\u6d88\u8d39\u4fe1\u5fc3\u3002<\/p>\n<p>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\uff0cDollarama\u9500\u552e\u989d\u589e\u957f22%\u81f319.1\u4ebf\u52a0\u5143\uff0cEBITDA\u8fbe6.12\u4ebf\u52a0\u5143\uff0c\u7a00\u91ca\u6bcf\u80a1\u6536\u76ca\u589e\u957f19%\u81f31.17\u52a0\u5143\u3002\u52a0\u62ff\u5927\u540c\u5e97\u9500\u552e\u989d\u589e\u957f6%\uff0c\u7ba1\u7406\u5c42\u8fd8\u4e0a\u8c03\u4e86\u5168\u5e74\u540c\u5e97\u9500\u552e\u6307\u5f15\u3002\u8be5\u80a1\u5e02\u503c\u7ea6518\u4ebf\u52a0\u5143\uff0c\u5e02\u76c8\u7387\u63a5\u8fd140\u500d\uff0c\u6ea2\u4ef7\u4e0d\u4f4e\uff0c\u4f46\u5728\u901a\u80c0\u73af\u5883\u4e0b\u66f4\u6613\u88ab\u8bc1\u660e\u5408\u7406\u2014\u2014\u9884\u7b97\u5403\u7d27\u7684\u987e\u5ba2\u6d8c\u5165\u540e\uff0c\u5373\u4f7f\u7ecf\u6d4e\u6539\u5584\u4e5f\u9c9c\u5c11\u79bb\u5f00\u3002\u82e5\u901a\u80c0\u6301\u7eed\u6500\u5347\uff0cDollarama\u9762\u4e34\u7684\u95ee\u9898\u4e0d\u662f\u6295\u8d44\u903b\u8f91\u53d7\u635f\uff0c\u800c\u662f\u987e\u5ba2\u66f4\u591a\u3002<\/p>\n<p><strong><b>\u52a0\u62ff\u5927\u56fd\u5bb6\u94c1\u8def\uff1a\u7a7f\u8d8a\u901a\u80c0\u7684<\/b><\/strong><strong><b>\u201c<\/b><\/strong><strong><b>\u7ecf\u6d4e\u8840\u8109<\/b><\/strong><strong><b>\u201d<\/b><\/strong><\/p>\n<p>\u5982\u679c\u8bf4Dollarama\u662f\u6d88\u8d39\u7aef\u7684\u9632\u5fa1\u9009\u62e9\uff0c\u90a3\u4e48CNR\u5219\u662f\u57fa\u7840\u8bbe\u65bd\u7aef\u7684\u57fa\u77f3\u6301\u4ed3\u3002\u4f5c\u4e3a\u5317\u7f8e\u6700\u91cd\u8981\u7684\u8fd0\u8f93\u7f51\u7edc\u4e4b\u4e00\uff0c\u56fd\u5bb6\u94c1\u8def\u516c\u53f8\u8fd0\u8f93\u7684\u662f\u5b9e\u5b9e\u5728\u5728\u7684\u8d27\u7269\u2014\u2014\u8c37\u7269\u3001\u94be\u80a5\u3001\u77f3\u6cb9\u2014\u2014\u8fd9\u4e9b\u9700\u6c42\u5728\u901a\u80c0\u5468\u671f\u4e2d\u4e0d\u4f1a\u6d88\u5931\uff0c\u53cd\u800c\u56e0\u7ecf\u6d4e\u6d3b\u52a8\u7684\u6301\u7eed\u800c\u4fdd\u6301\u97e7\u6027\u3002<\/p>\n<p>\u8fc7\u53bb\u4e00\u5e74\uff0c\u8be5\u516c\u53f8\u7ecf\u53d7\u4f4f\u4e86\u8d38\u6613\u6218\u5bf9\u8d27\u8fd0\u91cf\u7684\u538b\u529b\uff0c\u5305\u62ec\u88c1\u5458\u548c\u5173\u7a0e\u76f8\u5173\u7684\u6536\u5165\u9006\u98ce\u30022025\u5e74\u7b2c\u56db\u5b63\u5ea6\uff0c\u8425\u6536\u589e\u957f2%\u81f344.6\u4ebf\u52a0\u5143\uff0c\u51c0\u5229\u6da6\u589e\u957f9%\u81f312.5\u4ebf\u52a0\u5143\uff0c\u7a00\u91ca\u6bcf\u80a1\u6536\u76ca\u589e\u957f12%\u81f32.03\u52a0\u5143\u3002\u5168\u5e74\u8425\u6536\u8fbe173\u4ebf\u52a0\u5143\uff0c\u51c0\u5229\u6da647\u4ebf\u52a0\u5143\u3002\u7ba1\u7406\u5c42\u5c062026\u5e74\u8d44\u672c\u8ba1\u5212\u5b9a\u4e3a28\u4ebf\u52a0\u5143\uff0c\u8f832025\u5e74\u51cf\u5c115\u4ebf\u52a0\u5143\uff0c\u5728\u4e0d\u786e\u6027\u73af\u5883\u4e2d\u5c55\u73b0\u4e86\u96be\u5f97\u7684\u8d44\u672c\u7eaa\u5f8b\u3002<\/p>\n<p>\u5e02\u503c\u7ea6842\u4ebf\u52a0\u5143\u3001\u5e02\u76c8\u7387\u7ea618\u500d\u7684CNR\uff0c\u4f30\u503c\u8fdc\u4f4e\u4e8e\u5927\u591a\u6570\u4f18\u8d28\u52a0\u62ff\u5927\u80a1\u7968\u3002\u5176\u6536\u5165\u4e0d\u968f\u6d88\u8d39\u8005\u60c5\u7eea\u8d77\u4f0f\uff0c\u800c\u662f\u4e0e\u5b9e\u4f53\u8d27\u7269\u7684\u7269\u7406\u6d41\u52a8\u6df1\u5ea6\u7ed1\u5b9a\u3002<\/p>\n<p><strong><b>\u4e0d\u53ef\u66ff\u4ee3\u7684\u7ec4\u5408\u4ef7\u503c<\/b><\/strong><\/p>\n<p>\u5728\u901a\u80c0\u53ef\u80fd\u5377\u571f\u91cd\u6765\u7684\u80cc\u666f\u4e0b\uff0cDollarama\u4e0eCNR\u63d0\u4f9b\u4e86\u4e24\u79cd\u4e92\u8865\u7684\u9632\u5fa1\u8def\u5f84\uff1a\u524d\u8005\u76f4\u63a5\u53d7\u76ca\u4e8e\u6d88\u8d39\u8005\u5bfb\u6c42\u6027\u4ef7\u6bd4\u7684\u884c\u4e3a\u8f6c\u53d8\uff0c\u540e\u8005\u5219\u4f9d\u6258\u5317\u7f8e\u7ecf\u6d4e\u7684\u57fa\u7840\u8fd0\u8f93\u9700\u6c42\u3002\u4e24\u8005\u7ed3\u5408\uff0c\u53ef\u5728\u6295\u8d44\u7ec4\u5408\u4e2d\u6784\u5efa\u4e00\u9053\u7a7f\u8d8a\u901a\u80c0\u5468\u671f\u7684\u201c\u62a4\u57ce\u6cb3\u201d\u2014\u2014\u65e2\u4e0d\u8ffd\u9010\u70ed\u95e8\u9898\u6750\uff0c\u4e5f\u4e0d\u4f9d\u8d56\u5b8f\u89c2\u731c\u65b9\u5411\uff0c\u800c\u662f\u7acb\u8db3\u4e8e\u7ecf\u5f97\u8d77\u8003\u9a8c\u7684\u5546\u4e1a\u672c\u8d28\u3002\u5bf9\u4e8e\u5e0c\u671b\u505c\u6b62\u5bf9\u6bcf\u4e00\u6b21\u901a\u80c0\u6570\u636e\u505a\u51fa\u5e94\u6fc0\u53cd\u5e94\u3001\u8f6c\u800c\u6784\u5efa\u771f\u6b63\u6301\u4e45\u7684\u6536\u5165\u578b\u7ec4\u5408\u7684\u6295\u8d44\u8005\uff0c\u8fd9\u4e24\u53ea\u80a1\u7968\u503c\u5f97\u6df1\u5165\u5173\u6ce8\u3002<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5c3d\u7ba1\u5b98\u65b9\u62a5\u544a\u5f972\u6708CPI\u56de\u843d\u81f31.8%\uff0c\u663e\u793a\u51fa\u901a\u80c0\u964d\u6e29\u7684\u8ff9\u8c61\u3002\u7136\u800c\uff0c\u52a0\u62ff\u5927\u592e\u884c\u8fd1\u671f\u9884\u8b66\uff0c\u4e0e\u4f0a\u6717\u6218\u4e89\u76f8\u5173\u7684\u77f3\u6cb9\u51b2 [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":548691,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427,1521],"tags":[2146,668,1859],"class_list":["post-631173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","category-1521","tag-2146","tag-668","tag-1859","sectors-1602","locations-canada-zh-hans","exchange-tsx-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/631173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=631173"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/631173\/revisions"}],"predecessor-version":[{"id":631176,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/631173\/revisions\/631176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/548691"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=631173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=631173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=631173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}