id	sid	tid	token	lemma	pos
fbem-24778	1	1	frontiers	frontier	NOUN
fbem-24778	1	2	in	in	ADP
fbem-24778	1	3	business	business	NOUN
fbem-24778	1	4	,	,	PUNCT
fbem-24778	1	5	economics	economic	NOUN
fbem-24778	1	6	and	and	CCONJ
fbem-24778	1	7	management	management	NOUN
fbem-24778	1	8	issn	issn	PROPN
fbem-24778	1	9	:	:	PUNCT
fbem-24778	1	10	2766	2766	NUM
fbem-24778	1	11	-	-	PUNCT
fbem-24778	1	12	824x	824x	NUM
fbem-24778	1	13	|	|	ADJ
fbem-24778	1	14	vol	vol	NOUN
fbem-24778	1	15	.	.	PUNCT
fbem-24778	2	1	16	16	NUM
fbem-24778	2	2	,	,	PUNCT
fbem-24778	2	3	no	no	INTJ
fbem-24778	2	4	.	.	NOUN
fbem-24778	2	5	1	1	NUM
fbem-24778	2	6	,	,	PUNCT
fbem-24778	2	7	2024	2024	NUM
fbem-24778	2	8	370	370	NUM
fbem-24778	2	9	the	the	DET
fbem-24778	2	10	impact	impact	NOUN
fbem-24778	2	11	of	of	ADP
fbem-24778	2	12	digital	digital	ADJ
fbem-24778	2	13	transformation	transformation	NOUN
fbem-24778	2	14	on	on	ADP
fbem-24778	2	15	corporate	corporate	ADJ
fbem-24778	2	16	financial	financial	ADJ
fbem-24778	2	17	performance	performance	NOUN
fbem-24778	2	18	:	:	PUNCT
fbem-24778	2	19	a	a	DET
fbem-24778	2	20	case	case	NOUN
fbem-24778	2	21	study	study	NOUN
fbem-24778	2	22	of	of	ADP
fbem-24778	2	23	luzhou	luzhou	ADJ
fbem-24778	2	24	laojiao	laojiao	NOUN
fbem-24778	2	25	mengqin	mengqin	PROPN
fbem-24778	2	26	chen	chen	PROPN
fbem-24778	2	27	,	,	PUNCT
fbem-24778	2	28	ping	ping	PROPN
fbem-24778	2	29	qin	qin	PROPN
fbem-24778	2	30	sichuan	sichuan	PROPN
fbem-24778	2	31	university	university	PROPN
fbem-24778	2	32	of	of	ADP
fbem-24778	2	33	science	science	PROPN
fbem-24778	2	34	&	&	CCONJ
fbem-24778	2	35	engineering	engineering	PROPN
fbem-24778	2	36	,	,	PUNCT
fbem-24778	2	37	644000	644000	NUM
fbem-24778	2	38	,	,	PUNCT
fbem-24778	2	39	sichuan	sichuan	PROPN
fbem-24778	2	40	,	,	PUNCT
fbem-24778	2	41	china	china	PROPN
fbem-24778	2	42	abstract	abstract	PROPN
fbem-24778	2	43	:	:	PUNCT
fbem-24778	2	44	with	with	ADP
fbem-24778	2	45	the	the	DET
fbem-24778	2	46	development	development	NOUN
fbem-24778	2	47	of	of	ADP
fbem-24778	2	48	the	the	DET
fbem-24778	2	49	internet	internet	NOUN
fbem-24778	2	50	and	and	CCONJ
fbem-24778	2	51	big	big	ADJ
fbem-24778	2	52	data	datum	NOUN
fbem-24778	2	53	,	,	PUNCT
fbem-24778	2	54	the	the	DET
fbem-24778	2	55	global	global	ADJ
fbem-24778	2	56	economy	economy	NOUN
fbem-24778	2	57	is	be	AUX
fbem-24778	2	58	tending	tend	VERB
fbem-24778	2	59	to	to	ADP
fbem-24778	2	60	the	the	DET
fbem-24778	2	61	deep	deep	ADJ
fbem-24778	2	62	integration	integration	NOUN
fbem-24778	2	63	of	of	ADP
fbem-24778	2	64	digital	digital	ADJ
fbem-24778	2	65	economy	economy	NOUN
fbem-24778	2	66	and	and	CCONJ
fbem-24778	2	67	real	real	ADJ
fbem-24778	2	68	economy	economy	NOUN
fbem-24778	2	69	.	.	PUNCT
fbem-24778	3	1	the	the	DET
fbem-24778	3	2	state	state	NOUN
fbem-24778	3	3	attaches	attach	VERB
fbem-24778	3	4	great	great	ADJ
fbem-24778	3	5	importance	importance	NOUN
fbem-24778	3	6	to	to	ADP
fbem-24778	3	7	the	the	DET
fbem-24778	3	8	digital	digital	ADJ
fbem-24778	3	9	development	development	NOUN
fbem-24778	3	10	strategy	strategy	NOUN
fbem-24778	3	11	and	and	CCONJ
fbem-24778	3	12	has	have	AUX
fbem-24778	3	13	issued	issue	VERB
fbem-24778	3	14	a	a	DET
fbem-24778	3	15	number	number	NOUN
fbem-24778	3	16	of	of	ADP
fbem-24778	3	17	policies	policy	NOUN
fbem-24778	3	18	to	to	PART
fbem-24778	3	19	support	support	VERB
fbem-24778	3	20	the	the	DET
fbem-24778	3	21	digital	digital	ADJ
fbem-24778	3	22	transformation	transformation	NOUN
fbem-24778	3	23	of	of	ADP
fbem-24778	3	24	enterprises	enterprise	NOUN
fbem-24778	3	25	.	.	PUNCT
fbem-24778	4	1	therefore	therefore	ADV
fbem-24778	4	2	,	,	PUNCT
fbem-24778	4	3	digital	digital	ADJ
fbem-24778	4	4	transformation	transformation	NOUN
fbem-24778	4	5	has	have	AUX
fbem-24778	4	6	become	become	VERB
fbem-24778	4	7	a	a	DET
fbem-24778	4	8	necessary	necessary	ADJ
fbem-24778	4	9	means	mean	NOUN
fbem-24778	4	10	for	for	SCONJ
fbem-24778	4	11	enterprises	enterprise	NOUN
fbem-24778	4	12	to	to	PART
fbem-24778	4	13	cope	cope	VERB
fbem-24778	4	14	with	with	ADP
fbem-24778	4	15	internal	internal	ADJ
fbem-24778	4	16	and	and	CCONJ
fbem-24778	4	17	external	external	ADJ
fbem-24778	4	18	adverse	adverse	ADJ
fbem-24778	4	19	environmental	environmental	ADJ
fbem-24778	4	20	changes	change	NOUN
fbem-24778	4	21	and	and	CCONJ
fbem-24778	4	22	improve	improve	VERB
fbem-24778	4	23	their	their	PRON
fbem-24778	4	24	survival	survival	NOUN
fbem-24778	4	25	and	and	CCONJ
fbem-24778	4	26	development	development	NOUN
fbem-24778	4	27	.	.	PUNCT
fbem-24778	5	1	this	this	DET
fbem-24778	5	2	paper	paper	NOUN
fbem-24778	5	3	selects	select	VERB
fbem-24778	5	4	luzhou	luzhou	ADJ
fbem-24778	5	5	laojiao	laojiao	NOUN
fbem-24778	5	6	,	,	PUNCT
fbem-24778	5	7	which	which	PRON
fbem-24778	5	8	has	have	VERB
fbem-24778	5	9	great	great	ADJ
fbem-24778	5	10	development	development	NOUN
fbem-24778	5	11	potential	potential	NOUN
fbem-24778	5	12	in	in	ADP
fbem-24778	5	13	the	the	DET
fbem-24778	5	14	liquor	liquor	NOUN
fbem-24778	5	15	industry	industry	NOUN
fbem-24778	5	16	,	,	PUNCT
fbem-24778	5	17	as	as	SCONJ
fbem-24778	5	18	the	the	DET
fbem-24778	5	19	research	research	NOUN
fbem-24778	5	20	object	object	NOUN
fbem-24778	5	21	to	to	PART
fbem-24778	5	22	sort	sort	VERB
fbem-24778	5	23	out	out	ADP
fbem-24778	5	24	the	the	DET
fbem-24778	5	25	background	background	NOUN
fbem-24778	5	26	and	and	CCONJ
fbem-24778	5	27	path	path	NOUN
fbem-24778	5	28	of	of	ADP
fbem-24778	5	29	its	its	PRON
fbem-24778	5	30	digital	digital	ADJ
fbem-24778	5	31	transformation	transformation	NOUN
fbem-24778	5	32	,	,	PUNCT
fbem-24778	5	33	and	and	CCONJ
fbem-24778	5	34	then	then	ADV
fbem-24778	5	35	selects	select	VERB
fbem-24778	5	36	relevant	relevant	ADJ
fbem-24778	5	37	indicators	indicator	NOUN
fbem-24778	5	38	from	from	ADP
fbem-24778	5	39	four	four	NUM
fbem-24778	5	40	aspects	aspect	NOUN
fbem-24778	5	41	of	of	ADP
fbem-24778	5	42	profitability	profitability	NOUN
fbem-24778	5	43	,	,	PUNCT
fbem-24778	5	44	d	d	X
fbem-24778	5	45	ebt	ebt	PROPN
fbem-24778	5	46	paying	pay	VERB
fbem-24778	5	47	ability	ability	NOUN
fbem-24778	5	48	,	,	PUNCT
fbem-24778	5	49	operating	operate	VERB
fbem-24778	5	50	ability	ability	NOUN
fbem-24778	5	51	and	and	CCONJ
fbem-24778	5	52	growth	growth	NOUN
fbem-24778	5	53	ability	ability	NOUN
fbem-24778	5	54	for	for	ADP
fbem-24778	5	55	analysis	analysis	NOUN
fbem-24778	5	56	.	.	PUNCT
fbem-24778	6	1	this	this	DET
fbem-24778	6	2	paper	paper	NOUN
fbem-24778	6	3	analyzes	analyze	VERB
fbem-24778	6	4	the	the	DET
fbem-24778	6	5	impact	impact	NOUN
fbem-24778	6	6	of	of	ADP
fbem-24778	6	7	luzhou	luzhou	ADJ
fbem-24778	6	8	laojiao	laojiao	NOUN
fbem-24778	6	9	's	's	PART
fbem-24778	6	10	digital	digital	ADJ
fbem-24778	6	11	transformation	transformation	NOUN
fbem-24778	6	12	on	on	ADP
fbem-24778	6	13	its	its	PRON
fbem-24778	6	14	financial	financial	ADJ
fbem-24778	6	15	performance	performance	NOUN
fbem-24778	6	16	,	,	PUNCT
fbem-24778	6	17	and	and	CCONJ
fbem-24778	6	18	provides	provide	VERB
fbem-24778	6	19	reference	reference	NOUN
fbem-24778	6	20	for	for	ADP
fbem-24778	6	21	other	other	ADJ
fbem-24778	6	22	enterprises	enterprise	NOUN
fbem-24778	6	23	in	in	ADP
fbem-24778	6	24	the	the	DET
fbem-24778	6	25	same	same	ADJ
fbem-24778	6	26	industry	industry	NOUN
fbem-24778	6	27	undergoing	undergo	VERB
fbem-24778	6	28	digital	digital	ADJ
fbem-24778	6	29	transformation	transformation	NOUN
fbem-24778	6	30	.	.	PUNCT
fbem-24778	7	1	keywords	keyword	NOUN
fbem-24778	7	2	:	:	PUNCT
fbem-24778	7	3	digital	digital	ADJ
fbem-24778	7	4	transformation	transformation	NOUN
fbem-24778	7	5	,	,	PUNCT
fbem-24778	7	6	financial	financial	ADJ
fbem-24778	7	7	performance	performance	NOUN
fbem-24778	7	8	,	,	PUNCT
fbem-24778	7	9	liquor	liquor	NOUN
fbem-24778	7	10	industry	industry	NOUN
fbem-24778	7	11	.	.	PUNCT
fbem-24778	8	1	1	1	X
fbem-24778	8	2	.	.	X
fbem-24778	8	3	introduction	introduction	NOUN
fbem-24778	8	4	with	with	ADP
fbem-24778	8	5	the	the	DET
fbem-24778	8	6	development	development	NOUN
fbem-24778	8	7	of	of	ADP
fbem-24778	8	8	society	society	NOUN
fbem-24778	8	9	,	,	PUNCT
fbem-24778	8	10	scientific	scientific	ADJ
fbem-24778	8	11	and	and	CCONJ
fbem-24778	8	12	technological	technological	ADJ
fbem-24778	8	13	achievements	achievement	NOUN
fbem-24778	8	14	are	be	AUX
fbem-24778	8	15	constantly	constantly	ADV
fbem-24778	8	16	changing	change	VERB
fbem-24778	8	17	people	people	NOUN
fbem-24778	8	18	's	's	PART
fbem-24778	8	19	lives	life	NOUN
fbem-24778	8	20	.	.	PUNCT
fbem-24778	9	1	for	for	ADP
fbem-24778	9	2	example	example	NOUN
fbem-24778	9	3	,	,	PUNCT
fbem-24778	9	4	the	the	DET
fbem-24778	9	5	emergence	emergence	NOUN
fbem-24778	9	6	of	of	ADP
fbem-24778	9	7	digital	digital	ADJ
fbem-24778	9	8	technologies	technology	NOUN
fbem-24778	9	9	such	such	ADJ
fbem-24778	9	10	as	as	ADP
fbem-24778	9	11	the	the	DET
fbem-24778	9	12	internet	internet	NOUN
fbem-24778	9	13	,	,	PUNCT
fbem-24778	9	14	big	big	ADJ
fbem-24778	9	15	data	datum	NOUN
fbem-24778	9	16	,	,	PUNCT
fbem-24778	9	17	artificial	artificial	ADJ
fbem-24778	9	18	intelligence	intelligence	NOUN
fbem-24778	9	19	and	and	CCONJ
fbem-24778	9	20	cloud	cloud	NOUN
fbem-24778	9	21	computing	computing	NOUN
fbem-24778	9	22	has	have	AUX
fbem-24778	9	23	prompted	prompt	VERB
fbem-24778	9	24	corresponding	corresponding	ADJ
fbem-24778	9	25	changes	change	NOUN
fbem-24778	9	26	in	in	ADP
fbem-24778	9	27	people	people	NOUN
fbem-24778	9	28	's	's	PART
fbem-24778	9	29	lives	life	NOUN
fbem-24778	9	30	and	and	CCONJ
fbem-24778	9	31	the	the	DET
fbem-24778	9	32	development	development	NOUN
fbem-24778	9	33	of	of	ADP
fbem-24778	9	34	enterprises	enterprise	NOUN
fbem-24778	9	35	.	.	PUNCT
fbem-24778	10	1	the	the	DET
fbem-24778	10	2	arrival	arrival	NOUN
fbem-24778	10	3	of	of	ADP
fbem-24778	10	4	digitalization	digitalization	NOUN
fbem-24778	10	5	and	and	CCONJ
fbem-24778	10	6	the	the	DET
fbem-24778	10	7	proposal	proposal	NOUN
fbem-24778	10	8	of	of	ADP
fbem-24778	10	9	the	the	DET
fbem-24778	10	10	20th	20th	ADJ
fbem-24778	10	11	national	national	ADJ
fbem-24778	10	12	congress	congress	PROPN
fbem-24778	10	13	of	of	ADP
fbem-24778	10	14	the	the	DET
fbem-24778	10	15	communist	communist	PROPN
fbem-24778	10	16	party	party	PROPN
fbem-24778	10	17	of	of	ADP
fbem-24778	10	18	china	china	PROPN
fbem-24778	10	19	,	,	PUNCT
fbem-24778	10	20	focusing	focus	VERB
fbem-24778	10	21	on	on	ADP
fbem-24778	10	22	the	the	DET
fbem-24778	10	23	slogan	slogan	NOUN
fbem-24778	10	24	of	of	ADP
fbem-24778	10	25	building	build	VERB
fbem-24778	10	26	digital	digital	ADJ
fbem-24778	10	27	china	china	PROPN
fbem-24778	10	28	,	,	PUNCT
fbem-24778	10	29	give	give	VERB
fbem-24778	10	30	many	many	ADJ
fbem-24778	10	31	enterprises	enterprise	NOUN
fbem-24778	10	32	the	the	DET
fbem-24778	10	33	opportunity	opportunity	NOUN
fbem-24778	10	34	and	and	CCONJ
fbem-24778	10	35	opportunity	opportunity	NOUN
fbem-24778	10	36	to	to	PART
fbem-24778	10	37	carry	carry	VERB
fbem-24778	10	38	out	out	ADP
fbem-24778	10	39	digital	digital	ADJ
fbem-24778	10	40	transformation	transformation	NOUN
fbem-24778	10	41	.	.	PUNCT
fbem-24778	11	1	reasonable	reasonable	ADJ
fbem-24778	11	2	digital	digital	ADJ
fbem-24778	11	3	transformation	transformation	NOUN
fbem-24778	11	4	can	can	AUX
fbem-24778	11	5	effectively	effectively	ADV
fbem-24778	11	6	improve	improve	VERB
fbem-24778	11	7	enterprise	enterprise	NOUN
fbem-24778	11	8	management	management	NOUN
fbem-24778	11	9	ability	ability	NOUN
fbem-24778	11	10	,	,	PUNCT
fbem-24778	11	11	improve	improve	VERB
fbem-24778	11	12	enterprise	enterprise	NOUN
fbem-24778	11	13	performance	performance	NOUN
fbem-24778	11	14	and	and	CCONJ
fbem-24778	11	15	reduce	reduce	VERB
fbem-24778	11	16	business	business	NOUN
fbem-24778	11	17	risks	risk	NOUN
fbem-24778	11	18	.	.	PUNCT
fbem-24778	12	1	therefore	therefore	ADV
fbem-24778	12	2	,	,	PUNCT
fbem-24778	12	3	in	in	ADP
fbem-24778	12	4	order	order	NOUN
fbem-24778	12	5	to	to	PART
fbem-24778	12	6	adapt	adapt	VERB
fbem-24778	12	7	to	to	ADP
fbem-24778	12	8	the	the	DET
fbem-24778	12	9	development	development	NOUN
fbem-24778	12	10	of	of	ADP
fbem-24778	12	11	the	the	DET
fbem-24778	12	12	digital	digital	ADJ
fbem-24778	12	13	economy	economy	NOUN
fbem-24778	12	14	era	era	NOUN
fbem-24778	12	15	,	,	PUNCT
fbem-24778	12	16	chinese	chinese	ADJ
fbem-24778	12	17	enterprises	enterprise	NOUN
fbem-24778	12	18	need	need	VERB
fbem-24778	12	19	to	to	PART
fbem-24778	12	20	actively	actively	ADV
fbem-24778	12	21	explore	explore	VERB
fbem-24778	12	22	the	the	DET
fbem-24778	12	23	road	road	NOUN
fbem-24778	12	24	of	of	ADP
fbem-24778	12	25	digital	digital	ADJ
fbem-24778	12	26	transformation	transformation	NOUN
fbem-24778	12	27	and	and	CCONJ
fbem-24778	12	28	upgrading	upgrading	NOUN
fbem-24778	12	29	.	.	PUNCT
fbem-24778	13	1	as	as	ADP
fbem-24778	13	2	a	a	DET
fbem-24778	13	3	traditional	traditional	ADJ
fbem-24778	13	4	manufacturing	manufacturing	NOUN
fbem-24778	13	5	industry	industry	NOUN
fbem-24778	13	6	with	with	ADP
fbem-24778	13	7	chinese	chinese	ADJ
fbem-24778	13	8	characteristics	characteristic	NOUN
fbem-24778	13	9	,	,	PUNCT
fbem-24778	13	10	liquor	liquor	NOUN
fbem-24778	13	11	represents	represent	VERB
fbem-24778	13	12	chinese	chinese	ADJ
fbem-24778	13	13	traditional	traditional	ADJ
fbem-24778	13	14	culture	culture	NOUN
fbem-24778	13	15	and	and	CCONJ
fbem-24778	13	16	a	a	DET
fbem-24778	13	17	special	special	ADJ
fbem-24778	13	18	business	business	NOUN
fbem-24778	13	19	model	model	NOUN
fbem-24778	13	20	,	,	PUNCT
fbem-24778	13	21	and	and	CCONJ
fbem-24778	13	22	its	its	PRON
fbem-24778	13	23	impact	impact	NOUN
fbem-24778	13	24	of	of	ADP
fbem-24778	13	25	digital	digital	ADJ
fbem-24778	13	26	transformation	transformation	NOUN
fbem-24778	13	27	is	be	AUX
fbem-24778	13	28	particularly	particularly	ADV
fbem-24778	13	29	worthy	worthy	ADJ
fbem-24778	13	30	of	of	ADP
fbem-24778	13	31	attention	attention	NOUN
fbem-24778	13	32	.	.	PUNCT
fbem-24778	14	1	this	this	DET
fbem-24778	14	2	paper	paper	NOUN
fbem-24778	14	3	selects	select	VERB
fbem-24778	14	4	luzhou	luzhou	ADJ
fbem-24778	14	5	laojiao	laojiao	NOUN
fbem-24778	14	6	as	as	ADP
fbem-24778	14	7	the	the	DET
fbem-24778	14	8	research	research	NOUN
fbem-24778	14	9	object	object	NOUN
fbem-24778	14	10	,	,	PUNCT
fbem-24778	14	11	studies	study	VERB
fbem-24778	14	12	the	the	DET
fbem-24778	14	13	impact	impact	NOUN
fbem-24778	14	14	of	of	ADP
fbem-24778	14	15	digital	digital	ADJ
fbem-24778	14	16	transformation	transformation	NOUN
fbem-24778	14	17	on	on	ADP
fbem-24778	14	18	enterprise	enterprise	NOUN
fbem-24778	14	19	financial	financial	ADJ
fbem-24778	14	20	performance	performance	NOUN
fbem-24778	14	21	in	in	ADP
fbem-24778	14	22	combination	combination	NOUN
fbem-24778	14	23	with	with	ADP
fbem-24778	14	24	specific	specific	ADJ
fbem-24778	14	25	cases	case	NOUN
fbem-24778	14	26	,	,	PUNCT
fbem-24778	14	27	and	and	CCONJ
fbem-24778	14	28	provides	provide	VERB
fbem-24778	14	29	some	some	DET
fbem-24778	14	30	enlightenment	enlightenment	NOUN
fbem-24778	14	31	for	for	ADP
fbem-24778	14	32	enterprises	enterprise	NOUN
fbem-24778	14	33	in	in	ADP
fbem-24778	14	34	the	the	DET
fbem-24778	14	35	same	same	ADJ
fbem-24778	14	36	industry	industry	NOUN
fbem-24778	14	37	.	.	PUNCT
fbem-24778	15	1	listed	list	VERB
fbem-24778	15	2	on	on	ADP
fbem-24778	15	3	the	the	DET
fbem-24778	15	4	shenzhen	shenzhen	PROPN
fbem-24778	15	5	stock	stock	PROPN
fbem-24778	15	6	exchange	exchange	PROPN
fbem-24778	15	7	in	in	ADP
fbem-24778	15	8	1994	1994	NUM
fbem-24778	15	9	,	,	PUNCT
fbem-24778	15	10	luzhou	luzhou	ADJ
fbem-24778	15	11	laojiao	laojiao	NOUN
fbem-24778	15	12	has	have	VERB
fbem-24778	15	13	a	a	DET
fbem-24778	15	14	700	700	NUM
fbem-24778	15	15	-	-	PUNCT
fbem-24778	15	16	year	year	NOUN
fbem-24778	15	17	tradition	tradition	NOUN
fbem-24778	15	18	of	of	ADP
fbem-24778	15	19	brewing	brewing	NOUN
fbem-24778	15	20	technology	technology	NOUN
fbem-24778	15	21	,	,	PUNCT
fbem-24778	15	22	and	and	CCONJ
fbem-24778	15	23	its	its	PRON
fbem-24778	15	24	technology	technology	NOUN
fbem-24778	15	25	was	be	AUX
fbem-24778	15	26	included	include	VERB
fbem-24778	15	27	in	in	ADP
fbem-24778	15	28	the	the	DET
fbem-24778	15	29	"	"	PUNCT
fbem-24778	15	30	first	first	ADJ
fbem-24778	15	31	batch	batch	NOUN
fbem-24778	15	32	of	of	ADP
fbem-24778	15	33	national	national	ADJ
fbem-24778	15	34	intangible	intangible	ADJ
fbem-24778	15	35	cultural	cultural	ADJ
fbem-24778	15	36	heritage	heritage	NOUN
fbem-24778	15	37	list	list	NOUN
fbem-24778	15	38	"	"	PUNCT
fbem-24778	15	39	in	in	ADP
fbem-24778	15	40	2006	2006	NUM
fbem-24778	15	41	.	.	PUNCT
fbem-24778	16	1	in	in	ADP
fbem-24778	16	2	addition	addition	NOUN
fbem-24778	16	3	,	,	PUNCT
fbem-24778	16	4	its	its	PRON
fbem-24778	16	5	"	"	PUNCT
fbem-24778	16	6	1573	1573	NUM
fbem-24778	16	7	national	national	ADJ
fbem-24778	16	8	treasure	treasure	NOUN
fbem-24778	16	9	cellar	cellar	NOUN
fbem-24778	16	10	pool	pool	NOUN
fbem-24778	16	11	group	group	NOUN
fbem-24778	16	12	"	"	PUNCT
fbem-24778	16	13	became	become	VERB
fbem-24778	16	14	the	the	DET
fbem-24778	16	15	first	first	ADJ
fbem-24778	16	16	"	"	PUNCT
fbem-24778	16	17	national	national	ADJ
fbem-24778	16	18	key	key	ADJ
fbem-24778	16	19	cultural	cultural	ADJ
fbem-24778	16	20	relic	relic	PROPN
fbem-24778	16	21	protection	protection	NOUN
fbem-24778	16	22	unit	unit	NOUN
fbem-24778	16	23	"	"	PUNCT
fbem-24778	16	24	in	in	ADP
fbem-24778	16	25	the	the	DET
fbem-24778	16	26	industry	industry	NOUN
fbem-24778	16	27	in	in	ADP
fbem-24778	16	28	1996	1996	NUM
fbem-24778	16	29	.	.	PUNCT
fbem-24778	17	1	luzhou	luzhou	ADJ
fbem-24778	17	2	laojiao	laojiao	NOUN
fbem-24778	17	3	takes	take	VERB
fbem-24778	17	4	the	the	DET
fbem-24778	17	5	production	production	NOUN
fbem-24778	17	6	and	and	CCONJ
fbem-24778	17	7	sales	sale	NOUN
fbem-24778	17	8	of	of	ADP
fbem-24778	17	9	series	series	NOUN
fbem-24778	17	10	of	of	ADP
fbem-24778	17	11	wines	wine	NOUN
fbem-24778	17	12	as	as	ADP
fbem-24778	17	13	its	its	PRON
fbem-24778	17	14	main	main	ADJ
fbem-24778	17	15	business	business	NOUN
fbem-24778	17	16	,	,	PUNCT
fbem-24778	17	17	which	which	PRON
fbem-24778	17	18	is	be	AUX
fbem-24778	17	19	always	always	ADV
fbem-24778	17	20	in	in	ADP
fbem-24778	17	21	the	the	DET
fbem-24778	17	22	forefront	forefront	NOUN
fbem-24778	17	23	of	of	ADP
fbem-24778	17	24	the	the	DET
fbem-24778	17	25	industry	industry	NOUN
fbem-24778	17	26	,	,	PUNCT
fbem-24778	17	27	and	and	CCONJ
fbem-24778	17	28	was	be	AUX
fbem-24778	17	29	selected	select	VERB
fbem-24778	17	30	as	as	ADP
fbem-24778	17	31	one	one	NUM
fbem-24778	17	32	of	of	ADP
fbem-24778	17	33	the	the	DET
fbem-24778	17	34	world	world	NOUN
fbem-24778	17	35	's	's	PART
fbem-24778	17	36	top	top	ADJ
fbem-24778	17	37	50	50	NUM
fbem-24778	17	38	most	most	ADV
fbem-24778	17	39	valuable	valuable	ADJ
fbem-24778	17	40	liquor	liquor	NOUN
fbem-24778	17	41	brands	brand	NOUN
fbem-24778	17	42	in	in	ADP
fbem-24778	17	43	2022	2022	NUM
fbem-24778	17	44	.	.	PUNCT
fbem-24778	18	1	2	2	NUM
fbem-24778	18	2	.	.	X
fbem-24778	18	3	background	background	NOUN
fbem-24778	18	4	and	and	CCONJ
fbem-24778	18	5	path	path	NOUN
fbem-24778	18	6	of	of	ADP
fbem-24778	18	7	digital	digital	ADJ
fbem-24778	18	8	transformation	transformation	NOUN
fbem-24778	18	9	of	of	ADP
fbem-24778	18	10	luzhou	luzhou	ADJ
fbem-24778	18	11	laojiao	laojiao	NOUN
fbem-24778	18	12	2.1	2.1	NUM
fbem-24778	18	13	.	.	PUNCT
fbem-24778	19	1	background	background	NOUN
fbem-24778	19	2	of	of	ADP
fbem-24778	19	3	digital	digital	ADJ
fbem-24778	19	4	transformation	transformation	NOUN
fbem-24778	19	5	of	of	ADP
fbem-24778	19	6	liquor	liquor	NOUN
fbem-24778	19	7	enterprises	enterprise	NOUN
fbem-24778	19	8	first	first	ADV
fbem-24778	19	9	of	of	ADP
fbem-24778	19	10	all	all	PRON
fbem-24778	19	11	,	,	PUNCT
fbem-24778	19	12	with	with	ADP
fbem-24778	19	13	the	the	DET
fbem-24778	19	14	wide	wide	ADJ
fbem-24778	19	15	application	application	NOUN
fbem-24778	19	16	of	of	ADP
fbem-24778	19	17	the	the	DET
fbem-24778	19	18	new	new	ADJ
fbem-24778	19	19	generation	generation	NOUN
fbem-24778	19	20	of	of	ADP
fbem-24778	19	21	digital	digital	ADJ
fbem-24778	19	22	technology	technology	NOUN
fbem-24778	19	23	in	in	ADP
fbem-24778	19	24	china	china	PROPN
fbem-24778	19	25	,	,	PUNCT
fbem-24778	19	26	china	china	PROPN
fbem-24778	19	27	attaches	attach	VERB
fbem-24778	19	28	great	great	ADJ
fbem-24778	19	29	importance	importance	NOUN
fbem-24778	19	30	to	to	ADP
fbem-24778	19	31	the	the	DET
fbem-24778	19	32	development	development	NOUN
fbem-24778	19	33	of	of	ADP
fbem-24778	19	34	digital	digital	ADJ
fbem-24778	19	35	economy	economy	NOUN
fbem-24778	19	36	and	and	CCONJ
fbem-24778	19	37	puts	put	VERB
fbem-24778	19	38	forward	forward	ADV
fbem-24778	19	39	relevant	relevant	ADJ
fbem-24778	19	40	policies	policy	NOUN
fbem-24778	19	41	to	to	PART
fbem-24778	19	42	support	support	VERB
fbem-24778	19	43	and	and	CCONJ
fbem-24778	19	44	encourage	encourage	VERB
fbem-24778	19	45	the	the	DET
fbem-24778	19	46	integration	integration	NOUN
fbem-24778	19	47	of	of	ADP
fbem-24778	19	48	digital	digital	ADJ
fbem-24778	19	49	technology	technology	NOUN
fbem-24778	19	50	and	and	CCONJ
fbem-24778	19	51	industry	industry	NOUN
fbem-24778	19	52	.	.	PUNCT
fbem-24778	20	1	the	the	DET
fbem-24778	20	2	outbreak	outbreak	NOUN
fbem-24778	20	3	of	of	ADP
fbem-24778	20	4	covid-19	covid-19	PROPN
fbem-24778	20	5	has	have	AUX
fbem-24778	20	6	made	make	VERB
fbem-24778	20	7	digital	digital	ADJ
fbem-24778	20	8	transformation	transformation	NOUN
fbem-24778	20	9	and	and	CCONJ
fbem-24778	20	10	upgrading	upgrade	VERB
fbem-24778	20	11	an	an	DET
fbem-24778	20	12	inevitable	inevitable	ADJ
fbem-24778	20	13	choice	choice	NOUN
fbem-24778	20	14	for	for	SCONJ
fbem-24778	20	15	enterprises	enterprise	NOUN
fbem-24778	20	16	to	to	PART
fbem-24778	20	17	adapt	adapt	VERB
fbem-24778	20	18	to	to	ADP
fbem-24778	20	19	the	the	DET
fbem-24778	20	20	changes	change	NOUN
fbem-24778	20	21	of	of	ADP
fbem-24778	20	22	the	the	DET
fbem-24778	20	23	times	time	NOUN
fbem-24778	20	24	.	.	PUNCT
fbem-24778	21	1	in	in	ADP
fbem-24778	21	2	addition	addition	NOUN
fbem-24778	21	3	,	,	PUNCT
fbem-24778	21	4	with	with	ADP
fbem-24778	21	5	the	the	DET
fbem-24778	21	6	arrival	arrival	NOUN
fbem-24778	21	7	of	of	ADP
fbem-24778	21	8	the	the	DET
fbem-24778	21	9	digital	digital	ADJ
fbem-24778	21	10	era	era	NOUN
fbem-24778	21	11	,	,	PUNCT
fbem-24778	21	12	the	the	DET
fbem-24778	21	13	consumption	consumption	NOUN
fbem-24778	21	14	structure	structure	NOUN
fbem-24778	21	15	of	of	ADP
fbem-24778	21	16	liquor	liquor	NOUN
fbem-24778	21	17	is	be	AUX
fbem-24778	21	18	constantly	constantly	ADV
fbem-24778	21	19	changing	change	VERB
fbem-24778	21	20	and	and	CCONJ
fbem-24778	21	21	upgrading	upgrading	NOUN
fbem-24778	21	22	,	,	PUNCT
fbem-24778	21	23	and	and	CCONJ
fbem-24778	21	24	the	the	DET
fbem-24778	21	25	main	main	ADJ
fbem-24778	21	26	consumer	consumer	NOUN
fbem-24778	21	27	groups	group	NOUN
fbem-24778	21	28	have	have	AUX
fbem-24778	21	29	also	also	ADV
fbem-24778	21	30	changed	change	VERB
fbem-24778	21	31	from	from	ADP
fbem-24778	21	32	the	the	DET
fbem-24778	21	33	post-1960s	post-1960s	ADJ
fbem-24778	21	34	and	and	CCONJ
fbem-24778	21	35	post-70s	post-70s	PROPN
fbem-24778	21	36	generation	generation	NOUN
fbem-24778	21	37	to	to	ADP
fbem-24778	21	38	the	the	DET
fbem-24778	21	39	post-80s	post-80s	PROPN
fbem-24778	21	40	and	and	CCONJ
fbem-24778	21	41	post-90s	post-90s	NOUN
fbem-24778	21	42	generation	generation	NOUN
fbem-24778	21	43	and	and	CCONJ
fbem-24778	21	44	other	other	ADJ
fbem-24778	21	45	young	young	ADJ
fbem-24778	21	46	groups	group	NOUN
fbem-24778	21	47	in	in	ADP
fbem-24778	21	48	the	the	DET
fbem-24778	21	49	internet	internet	NOUN
fbem-24778	21	50	era	era	NOUN
fbem-24778	21	51	.	.	PUNCT
fbem-24778	22	1	they	they	PRON
fbem-24778	22	2	pay	pay	VERB
fbem-24778	22	3	attention	attention	NOUN
fbem-24778	22	4	to	to	ADP
fbem-24778	22	5	brand	brand	NOUN
fbem-24778	22	6	,	,	PUNCT
fbem-24778	22	7	quality	quality	NOUN
fbem-24778	22	8	and	and	CCONJ
fbem-24778	22	9	personalized	personalized	ADJ
fbem-24778	22	10	products	product	NOUN
fbem-24778	22	11	,	,	PUNCT
fbem-24778	22	12	and	and	CCONJ
fbem-24778	22	13	like	like	INTJ
fbem-24778	22	14	to	to	PART
fbem-24778	22	15	learn	learn	VERB
fbem-24778	22	16	about	about	ADP
fbem-24778	22	17	product	product	NOUN
fbem-24778	22	18	information	information	NOUN
fbem-24778	22	19	from	from	ADP
fbem-24778	22	20	various	various	ADJ
fbem-24778	22	21	channels	channel	NOUN
fbem-24778	22	22	[	[	X
fbem-24778	22	23	1	1	NUM
fbem-24778	22	24	]	]	PUNCT
fbem-24778	22	25	.	.	PUNCT
fbem-24778	23	1	however	however	ADV
fbem-24778	23	2	,	,	PUNCT
fbem-24778	23	3	the	the	DET
fbem-24778	23	4	wine	wine	NOUN
fbem-24778	23	5	,	,	PUNCT
fbem-24778	23	6	foreign	foreign	ADJ
fbem-24778	23	7	wine	wine	NOUN
fbem-24778	23	8	and	and	CCONJ
fbem-24778	23	9	beer	beer	NOUN
fbem-24778	23	10	on	on	ADP
fbem-24778	23	11	the	the	DET
fbem-24778	23	12	market	market	NOUN
fbem-24778	23	13	conform	conform	VERB
fbem-24778	23	14	to	to	ADP
fbem-24778	23	15	its	its	PRON
fbem-24778	23	16	personality	personality	NOUN
fbem-24778	23	17	,	,	PUNCT
fbem-24778	23	18	which	which	PRON
fbem-24778	23	19	makes	make	VERB
fbem-24778	23	20	the	the	DET
fbem-24778	23	21	consumption	consumption	NOUN
fbem-24778	23	22	power	power	NOUN
fbem-24778	23	23	of	of	ADP
fbem-24778	23	24	this	this	DET
fbem-24778	23	25	new	new	ADJ
fbem-24778	23	26	generation	generation	NOUN
fbem-24778	23	27	of	of	ADP
fbem-24778	23	28	baijiu	baijiu	NOUN
fbem-24778	23	29	decline	decline	NOUN
fbem-24778	23	30	.	.	PUNCT
fbem-24778	24	1	how	how	SCONJ
fbem-24778	24	2	to	to	PART
fbem-24778	24	3	mobilize	mobilize	VERB
fbem-24778	24	4	and	and	CCONJ
fbem-24778	24	5	give	give	VERB
fbem-24778	24	6	play	play	NOUN
fbem-24778	24	7	to	to	ADP
fbem-24778	24	8	the	the	DET
fbem-24778	24	9	consumption	consumption	NOUN
fbem-24778	24	10	enthusiasm	enthusiasm	NOUN
fbem-24778	24	11	of	of	ADP
fbem-24778	24	12	the	the	DET
fbem-24778	24	13	new	new	ADJ
fbem-24778	24	14	generation	generation	NOUN
fbem-24778	24	15	of	of	ADP
fbem-24778	24	16	consumer	consumer	NOUN
fbem-24778	24	17	groups	group	NOUN
fbem-24778	24	18	has	have	AUX
fbem-24778	24	19	also	also	ADV
fbem-24778	24	20	become	become	VERB
fbem-24778	24	21	one	one	NUM
fbem-24778	24	22	of	of	ADP
fbem-24778	24	23	the	the	DET
fbem-24778	24	24	reasons	reason	NOUN
fbem-24778	24	25	for	for	ADP
fbem-24778	24	26	the	the	DET
fbem-24778	24	27	digital	digital	ADJ
fbem-24778	24	28	transformation	transformation	NOUN
fbem-24778	24	29	of	of	ADP
fbem-24778	24	30	liquor	liquor	NOUN
fbem-24778	24	31	enterprises	enterprise	NOUN
fbem-24778	24	32	.	.	PUNCT
fbem-24778	25	1	finally	finally	ADV
fbem-24778	25	2	,	,	PUNCT
fbem-24778	25	3	due	due	ADP
fbem-24778	25	4	to	to	ADP
fbem-24778	25	5	the	the	DET
fbem-24778	25	6	unique	unique	ADJ
fbem-24778	25	7	production	production	NOUN
fbem-24778	25	8	characteristics	characteristic	NOUN
fbem-24778	25	9	of	of	ADP
fbem-24778	25	10	the	the	DET
fbem-24778	25	11	liquor	liquor	NOUN
fbem-24778	25	12	industry	industry	NOUN
fbem-24778	25	13	,	,	PUNCT
fbem-24778	25	14	it	it	PRON
fbem-24778	25	15	needs	need	VERB
fbem-24778	25	16	strict	strict	ADJ
fbem-24778	25	17	control	control	NOUN
fbem-24778	25	18	over	over	ADP
fbem-24778	25	19	raw	raw	ADJ
fbem-24778	25	20	materials	material	NOUN
fbem-24778	25	21	,	,	PUNCT
fbem-24778	25	22	production	production	NOUN
fbem-24778	25	23	environment	environment	NOUN
fbem-24778	25	24	and	and	CCONJ
fbem-24778	25	25	production	production	NOUN
fbem-24778	25	26	process	process	NOUN
fbem-24778	25	27	,	,	PUNCT
fbem-24778	25	28	resulting	result	VERB
fbem-24778	25	29	in	in	ADP
fbem-24778	25	30	high	high	ADJ
fbem-24778	25	31	costs	cost	NOUN
fbem-24778	25	32	.	.	PUNCT
fbem-24778	26	1	in	in	ADP
fbem-24778	26	2	view	view	NOUN
fbem-24778	26	3	of	of	ADP
fbem-24778	26	4	the	the	DET
fbem-24778	26	5	integrated	integrate	VERB
fbem-24778	26	6	application	application	NOUN
fbem-24778	26	7	of	of	ADP
fbem-24778	26	8	big	big	ADJ
fbem-24778	26	9	data	datum	NOUN
fbem-24778	26	10	,	,	PUNCT
fbem-24778	26	11	artificial	artificial	ADJ
fbem-24778	26	12	intelligence	intelligence	NOUN
fbem-24778	26	13	,	,	PUNCT
fbem-24778	26	14	blockchain	blockchain	NOUN
fbem-24778	26	15	and	and	CCONJ
fbem-24778	26	16	other	other	ADJ
fbem-24778	26	17	technologies	technology	NOUN
fbem-24778	26	18	,	,	PUNCT
fbem-24778	26	19	it	it	PRON
fbem-24778	26	20	can	can	AUX
fbem-24778	26	21	effectively	effectively	ADV
fbem-24778	26	22	improve	improve	VERB
fbem-24778	26	23	the	the	DET
fbem-24778	26	24	production	production	NOUN
fbem-24778	26	25	efficiency	efficiency	NOUN
fbem-24778	26	26	and	and	CCONJ
fbem-24778	26	27	product	product	NOUN
fbem-24778	26	28	quality	quality	NOUN
fbem-24778	26	29	of	of	ADP
fbem-24778	26	30	liquor	liquor	NOUN
fbem-24778	26	31	enterprises	enterprise	NOUN
fbem-24778	26	32	,	,	PUNCT
fbem-24778	26	33	reduce	reduce	VERB
fbem-24778	26	34	costs	cost	NOUN
fbem-24778	26	35	,	,	PUNCT
fbem-24778	26	36	and	and	CCONJ
fbem-24778	26	37	promote	promote	VERB
fbem-24778	26	38	the	the	DET
fbem-24778	26	39	digital	digital	ADJ
fbem-24778	26	40	transformation	transformation	NOUN
fbem-24778	26	41	of	of	ADP
fbem-24778	26	42	liquor	liquor	NOUN
fbem-24778	26	43	enterprises	enterprise	NOUN
fbem-24778	26	44	.	.	PUNCT
fbem-24778	27	1	371	371	NUM
fbem-24778	27	2	2.2	2.2	NUM
fbem-24778	27	3	.	.	PUNCT
fbem-24778	28	1	luzhou	luzhou	ADJ
fbem-24778	28	2	laojiao	laojiao	NOUN
fbem-24778	28	3	digital	digital	PROPN
fbem-24778	28	4	transformation	transformation	NOUN
fbem-24778	28	5	path	path	NOUN
fbem-24778	28	6	2.2.1	2.2.1	NUM
fbem-24778	28	7	.	.	PUNCT
fbem-24778	29	1	intelligent	intelligent	ADJ
fbem-24778	29	2	production	production	NOUN
fbem-24778	29	3	in	in	ADP
fbem-24778	29	4	2016	2016	NUM
fbem-24778	29	5	,	,	PUNCT
fbem-24778	29	6	luzhou	luzhou	ADJ
fbem-24778	29	7	laojiao	laojiao	NOUN
fbem-24778	29	8	invested	invest	VERB
fbem-24778	29	9	11.8	11.8	NUM
fbem-24778	29	10	billion	billion	NUM
fbem-24778	29	11	yuan	yuan	NOUN
fbem-24778	29	12	to	to	PART
fbem-24778	29	13	build	build	VERB
fbem-24778	29	14	an	an	DET
fbem-24778	29	15	area	area	NOUN
fbem-24778	29	16	of	of	ADP
fbem-24778	29	17	more	more	ADJ
fbem-24778	29	18	than	than	ADP
fbem-24778	29	19	3,500	3,500	NUM
fbem-24778	29	20	acres	acre	NOUN
fbem-24778	29	21	of	of	ADP
fbem-24778	29	22	huangiron	huangiron	PROPN
fbem-24778	29	23	wine	wine	PROPN
fbem-24778	29	24	ecological	ecological	ADJ
fbem-24778	29	25	park	park	NOUN
fbem-24778	29	26	in	in	ADP
fbem-24778	29	27	huangiron	huangiron	PROPN
fbem-24778	29	28	town	town	NOUN
fbem-24778	29	29	,	,	PUNCT
fbem-24778	29	30	luzhou	luzhou	ADJ
fbem-24778	29	31	city	city	NOUN
fbem-24778	29	32	.	.	PUNCT
fbem-24778	30	1	the	the	DET
fbem-24778	30	2	park	park	NOUN
fbem-24778	30	3	mainly	mainly	ADV
fbem-24778	30	4	uses	use	VERB
fbem-24778	30	5	science	science	NOUN
fbem-24778	30	6	and	and	CCONJ
fbem-24778	30	7	technology	technology	NOUN
fbem-24778	30	8	to	to	PART
fbem-24778	30	9	realize	realize	VERB
fbem-24778	30	10	the	the	DET
fbem-24778	30	11	information	information	NOUN
fbem-24778	30	12	,	,	PUNCT
fbem-24778	30	13	automation	automation	NOUN
fbem-24778	30	14	and	and	CCONJ
fbem-24778	30	15	intelligence	intelligence	NOUN
fbem-24778	30	16	of	of	ADP
fbem-24778	30	17	the	the	DET
fbem-24778	30	18	brewing	brewing	NOUN
fbem-24778	30	19	process	process	NOUN
fbem-24778	30	20	.	.	PUNCT
fbem-24778	31	1	the	the	DET
fbem-24778	31	2	relevant	relevant	ADJ
fbem-24778	31	3	process	process	NOUN
fbem-24778	31	4	parameters	parameter	NOUN
fbem-24778	31	5	in	in	ADP
fbem-24778	31	6	the	the	DET
fbem-24778	31	7	artificial	artificial	ADJ
fbem-24778	31	8	brewing	brewing	NOUN
fbem-24778	31	9	process	process	NOUN
fbem-24778	31	10	are	be	AUX
fbem-24778	31	11	collected	collect	VERB
fbem-24778	31	12	and	and	CCONJ
fbem-24778	31	13	transmitted	transmit	VERB
fbem-24778	31	14	to	to	ADP
fbem-24778	31	15	each	each	DET
fbem-24778	31	16	machine	machine	NOUN
fbem-24778	31	17	,	,	PUNCT
fbem-24778	31	18	which	which	PRON
fbem-24778	31	19	is	be	AUX
fbem-24778	31	20	used	use	VERB
fbem-24778	31	21	as	as	ADP
fbem-24778	31	22	standardized	standardized	ADJ
fbem-24778	31	23	data	datum	NOUN
fbem-24778	31	24	to	to	PART
fbem-24778	31	25	monitor	monitor	VERB
fbem-24778	31	26	all	all	DET
fbem-24778	31	27	kinds	kind	NOUN
fbem-24778	31	28	of	of	ADP
fbem-24778	31	29	deviations	deviation	NOUN
fbem-24778	31	30	in	in	ADP
fbem-24778	31	31	the	the	DET
fbem-24778	31	32	automatic	automatic	ADJ
fbem-24778	31	33	production	production	NOUN
fbem-24778	31	34	of	of	ADP
fbem-24778	31	35	products	product	NOUN
fbem-24778	31	36	in	in	ADP
fbem-24778	31	37	real	real	ADJ
fbem-24778	31	38	time	time	NOUN
fbem-24778	31	39	,	,	PUNCT
fbem-24778	31	40	so	so	SCONJ
fbem-24778	31	41	that	that	SCONJ
fbem-24778	31	42	the	the	DET
fbem-24778	31	43	traditional	traditional	ADJ
fbem-24778	31	44	process	process	NOUN
fbem-24778	31	45	is	be	AUX
fbem-24778	31	46	satisfied	satisfied	ADJ
fbem-24778	31	47	with	with	ADP
fbem-24778	31	48	high	high	ADJ
fbem-24778	31	49	efficiency	efficiency	NOUN
fbem-24778	31	50	and	and	CCONJ
fbem-24778	31	51	low	low	ADJ
fbem-24778	31	52	loss	loss	NOUN
fbem-24778	31	53	.	.	PUNCT
fbem-24778	32	1	in	in	ADP
fbem-24778	32	2	2022	2022	NUM
fbem-24778	32	3	,	,	PUNCT
fbem-24778	32	4	the	the	DET
fbem-24778	32	5	production	production	NOUN
fbem-24778	32	6	capacity	capacity	NOUN
fbem-24778	32	7	of	of	ADP
fbem-24778	32	8	the	the	DET
fbem-24778	32	9	whole	whole	ADJ
fbem-24778	32	10	huang	huang	PROPN
fbem-24778	32	11	double	double	PROPN
fbem-24778	32	12	ecological	ecological	ADJ
fbem-24778	32	13	park	park	NOUN
fbem-24778	32	14	will	will	AUX
fbem-24778	32	15	reach	reach	VERB
fbem-24778	32	16	100,000	100,000	NUM
fbem-24778	32	17	tons	ton	NOUN
fbem-24778	32	18	of	of	ADP
fbem-24778	32	19	wine	wine	NOUN
fbem-24778	32	20	production	production	NOUN
fbem-24778	32	21	scale	scale	NOUN
fbem-24778	32	22	,	,	PUNCT
fbem-24778	32	23	and	and	CCONJ
fbem-24778	32	24	the	the	DET
fbem-24778	32	25	production	production	NOUN
fbem-24778	32	26	capacity	capacity	NOUN
fbem-24778	32	27	and	and	CCONJ
fbem-24778	32	28	quality	quality	NOUN
fbem-24778	32	29	of	of	ADP
fbem-24778	32	30	luzhou	luzhou	ADJ
fbem-24778	32	31	laojiao	laojiao	NOUN
fbem-24778	32	32	products	product	NOUN
fbem-24778	32	33	supported	support	VERB
fbem-24778	32	34	by	by	ADP
fbem-24778	32	35	digital	digital	ADJ
fbem-24778	32	36	technology	technology	NOUN
fbem-24778	32	37	have	have	AUX
fbem-24778	32	38	been	be	AUX
fbem-24778	32	39	further	far	ADV
fbem-24778	32	40	improved	improve	VERB
fbem-24778	32	41	.	.	PUNCT
fbem-24778	33	1	in	in	ADP
fbem-24778	33	2	addition	addition	NOUN
fbem-24778	33	3	,	,	PUNCT
fbem-24778	33	4	in	in	ADP
fbem-24778	33	5	the	the	DET
fbem-24778	33	6	same	same	ADJ
fbem-24778	33	7	year	year	NOUN
fbem-24778	33	8	,	,	PUNCT
fbem-24778	33	9	luzhou	luzhou	ADJ
fbem-24778	33	10	laojiao	laojiao	NOUN
fbem-24778	33	11	subsequently	subsequently	ADV
fbem-24778	33	12	carried	carry	VERB
fbem-24778	33	13	out	out	ADP
fbem-24778	33	14	the	the	DET
fbem-24778	33	15	technical	technical	ADJ
fbem-24778	33	16	transformation	transformation	NOUN
fbem-24778	33	17	project	project	NOUN
fbem-24778	33	18	of	of	ADP
fbem-24778	33	19	improving	improve	VERB
fbem-24778	33	20	ecological	ecological	ADJ
fbem-24778	33	21	supporting	support	VERB
fbem-24778	33	22	facilities	facility	NOUN
fbem-24778	33	23	and	and	CCONJ
fbem-24778	33	24	the	the	DET
fbem-24778	33	25	transformation	transformation	NOUN
fbem-24778	33	26	project	project	NOUN
fbem-24778	33	27	of	of	ADP
fbem-24778	33	28	intelligent	intelligent	ADJ
fbem-24778	33	29	packaging	packaging	NOUN
fbem-24778	33	30	center	center	NOUN
fbem-24778	33	31	,	,	PUNCT
fbem-24778	33	32	with	with	ADP
fbem-24778	33	33	the	the	DET
fbem-24778	33	34	purpose	purpose	NOUN
fbem-24778	33	35	of	of	ADP
fbem-24778	33	36	realizing	realize	VERB
fbem-24778	33	37	the	the	DET
fbem-24778	33	38	automatic	automatic	ADJ
fbem-24778	33	39	packaging	packaging	NOUN
fbem-24778	33	40	function	function	NOUN
fbem-24778	33	41	of	of	ADP
fbem-24778	33	42	products	product	NOUN
fbem-24778	33	43	.	.	PUNCT
fbem-24778	34	1	2.2.2	2.2.2	X
fbem-24778	34	2	.	.	PUNCT
fbem-24778	34	3	digital	digital	ADJ
fbem-24778	34	4	channels	channel	NOUN
fbem-24778	34	5	in	in	ADP
fbem-24778	34	6	order	order	NOUN
fbem-24778	34	7	to	to	PART
fbem-24778	34	8	promote	promote	VERB
fbem-24778	34	9	the	the	DET
fbem-24778	34	10	upgrade	upgrade	NOUN
fbem-24778	34	11	of	of	ADP
fbem-24778	34	12	channel	channel	NOUN
fbem-24778	34	13	management	management	NOUN
fbem-24778	34	14	system	system	NOUN
fbem-24778	34	15	,	,	PUNCT
fbem-24778	34	16	luzhou	luzhou	ADJ
fbem-24778	34	17	laojiao	laojiao	NOUN
fbem-24778	34	18	actively	actively	ADV
fbem-24778	34	19	builds	build	VERB
fbem-24778	34	20	the	the	DET
fbem-24778	34	21	project	project	NOUN
fbem-24778	34	22	of	of	ADP
fbem-24778	34	23	"	"	PUNCT
fbem-24778	34	24	one	one	NUM
fbem-24778	34	25	thing	thing	NOUN
fbem-24778	34	26	,	,	PUNCT
fbem-24778	34	27	one	one	NUM
fbem-24778	34	28	code	code	NOUN
fbem-24778	34	29	"	"	PUNCT
fbem-24778	34	30	.	.	PUNCT
fbem-24778	35	1	the	the	DET
fbem-24778	35	2	project	project	NOUN
fbem-24778	35	3	refers	refer	VERB
fbem-24778	35	4	to	to	ADP
fbem-24778	35	5	the	the	DET
fbem-24778	35	6	input	input	NOUN
fbem-24778	35	7	of	of	ADP
fbem-24778	35	8	raw	raw	ADJ
fbem-24778	35	9	material	material	NOUN
fbem-24778	35	10	information	information	NOUN
fbem-24778	35	11	,	,	PUNCT
fbem-24778	35	12	quality	quality	NOUN
fbem-24778	35	13	inspection	inspection	NOUN
fbem-24778	35	14	report	report	NOUN
fbem-24778	35	15	,	,	PUNCT
fbem-24778	35	16	production	production	NOUN
fbem-24778	35	17	process	process	NOUN
fbem-24778	35	18	and	and	CCONJ
fbem-24778	35	19	other	other	ADJ
fbem-24778	35	20	relevant	relevant	ADJ
fbem-24778	35	21	data	datum	NOUN
fbem-24778	35	22	into	into	ADP
fbem-24778	35	23	the	the	DET
fbem-24778	35	24	system	system	NOUN
fbem-24778	35	25	,	,	PUNCT
fbem-24778	35	26	which	which	PRON
fbem-24778	35	27	is	be	AUX
fbem-24778	35	28	used	use	VERB
fbem-24778	35	29	as	as	ADP
fbem-24778	35	30	the	the	DET
fbem-24778	35	31	exclusive	exclusive	ADJ
fbem-24778	35	32	qr	qr	PROPN
fbem-24778	35	33	code	code	NOUN
fbem-24778	35	34	for	for	ADP
fbem-24778	35	35	each	each	DET
fbem-24778	35	36	bottle	bottle	NOUN
fbem-24778	35	37	of	of	ADP
fbem-24778	35	38	wine	wine	NOUN
fbem-24778	35	39	.	.	PUNCT
fbem-24778	36	1	consumers	consumer	NOUN
fbem-24778	36	2	can	can	AUX
fbem-24778	36	3	easily	easily	ADV
fbem-24778	36	4	obtain	obtain	VERB
fbem-24778	36	5	the	the	DET
fbem-24778	36	6	basic	basic	ADJ
fbem-24778	36	7	information	information	NOUN
fbem-24778	36	8	of	of	ADP
fbem-24778	36	9	products	product	NOUN
fbem-24778	36	10	by	by	ADP
fbem-24778	36	11	scanning	scan	VERB
fbem-24778	36	12	the	the	DET
fbem-24778	36	13	code	code	NOUN
fbem-24778	36	14	,	,	PUNCT
fbem-24778	36	15	which	which	PRON
fbem-24778	36	16	prevents	prevent	VERB
fbem-24778	36	17	fake	fake	ADJ
fbem-24778	36	18	and	and	CCONJ
fbem-24778	36	19	inferior	inferior	ADJ
fbem-24778	36	20	products	product	NOUN
fbem-24778	36	21	in	in	ADP
fbem-24778	36	22	the	the	DET
fbem-24778	36	23	market	market	NOUN
fbem-24778	36	24	to	to	ADP
fbem-24778	36	25	a	a	DET
fbem-24778	36	26	certain	certain	ADJ
fbem-24778	36	27	extent	extent	NOUN
fbem-24778	36	28	and	and	CCONJ
fbem-24778	36	29	improves	improve	VERB
fbem-24778	36	30	the	the	DET
fbem-24778	36	31	trust	trust	NOUN
fbem-24778	36	32	between	between	ADP
fbem-24778	36	33	consumers	consumer	NOUN
fbem-24778	36	34	and	and	CCONJ
fbem-24778	36	35	manufacturers	manufacturer	NOUN
fbem-24778	36	36	.	.	PUNCT
fbem-24778	37	1	one	one	NUM
fbem-24778	37	2	thing	thing	NOUN
fbem-24778	37	3	one	one	NUM
fbem-24778	37	4	code	code	NOUN
fbem-24778	37	5	gives	give	VERB
fbem-24778	37	6	unique	unique	ADJ
fbem-24778	37	7	information	information	NOUN
fbem-24778	37	8	to	to	ADP
fbem-24778	37	9	each	each	DET
fbem-24778	37	10	product	product	NOUN
fbem-24778	37	11	,	,	PUNCT
fbem-24778	37	12	so	so	SCONJ
fbem-24778	37	13	that	that	SCONJ
fbem-24778	37	14	enterprises	enterprise	NOUN
fbem-24778	37	15	can	can	AUX
fbem-24778	37	16	accurately	accurately	ADV
fbem-24778	37	17	trace	trace	VERB
fbem-24778	37	18	and	and	CCONJ
fbem-24778	37	19	track	track	NOUN
fbem-24778	37	20	products	product	NOUN
fbem-24778	37	21	,	,	PUNCT
fbem-24778	37	22	and	and	CCONJ
fbem-24778	37	23	realize	realize	VERB
fbem-24778	37	24	information	information	NOUN
fbem-24778	37	25	sharing	sharing	NOUN
fbem-24778	37	26	.	.	PUNCT
fbem-24778	38	1	in	in	ADP
fbem-24778	38	2	2022	2022	NUM
fbem-24778	38	3	,	,	PUNCT
fbem-24778	38	4	luzhou	luzhou	ADJ
fbem-24778	38	5	laojiao	laojiao	NOUN
fbem-24778	38	6	accelerated	accelerate	VERB
fbem-24778	38	7	the	the	DET
fbem-24778	38	8	transformation	transformation	NOUN
fbem-24778	38	9	of	of	ADP
fbem-24778	38	10	the	the	DET
fbem-24778	38	11	digital	digital	ADJ
fbem-24778	38	12	system	system	NOUN
fbem-24778	38	13	of	of	ADP
fbem-24778	38	14	products	product	NOUN
fbem-24778	38	15	and	and	CCONJ
fbem-24778	38	16	upgraded	upgrade	VERB
fbem-24778	38	17	to	to	ADP
fbem-24778	38	18	the	the	DET
fbem-24778	38	19	situation	situation	NOUN
fbem-24778	38	20	of	of	ADP
fbem-24778	38	21	"	"	PUNCT
fbem-24778	38	22	five	five	NUM
fbem-24778	38	23	codes	code	NOUN
fbem-24778	38	24	in	in	ADP
fbem-24778	38	25	one	one	NUM
fbem-24778	38	26	"	"	PUNCT
fbem-24778	38	27	,	,	PUNCT
fbem-24778	38	28	so	so	SCONJ
fbem-24778	38	29	as	as	SCONJ
fbem-24778	38	30	to	to	PART
fbem-24778	38	31	realize	realize	VERB
fbem-24778	38	32	the	the	DET
fbem-24778	38	33	comprehensive	comprehensive	ADJ
fbem-24778	38	34	digitalization	digitalization	NOUN
fbem-24778	38	35	of	of	ADP
fbem-24778	38	36	goods	good	NOUN
fbem-24778	38	37	circulation	circulation	NOUN
fbem-24778	38	38	and	and	CCONJ
fbem-24778	38	39	channel	channel	NOUN
fbem-24778	38	40	relations	relation	NOUN
fbem-24778	38	41	.	.	PUNCT
fbem-24778	39	1	the	the	DET
fbem-24778	39	2	so	so	ADV
fbem-24778	39	3	-	-	PUNCT
fbem-24778	39	4	called	call	VERB
fbem-24778	39	5	"	"	PUNCT
fbem-24778	39	6	five	five	NUM
fbem-24778	39	7	codes	code	NOUN
fbem-24778	39	8	in	in	ADP
fbem-24778	39	9	one	one	NUM
fbem-24778	39	10	"	"	PUNCT
fbem-24778	39	11	refers	refer	VERB
fbem-24778	39	12	to	to	ADP
fbem-24778	39	13	the	the	DET
fbem-24778	39	14	capture	capture	NOUN
fbem-24778	39	15	of	of	ADP
fbem-24778	39	16	the	the	DET
fbem-24778	39	17	mutual	mutual	ADJ
fbem-24778	39	18	connection	connection	NOUN
fbem-24778	39	19	between	between	ADP
fbem-24778	39	20	the	the	DET
fbem-24778	39	21	five	five	NUM
fbem-24778	39	22	codes	code	NOUN
fbem-24778	39	23	of	of	ADP
fbem-24778	39	24	bottle	bottle	NOUN
fbem-24778	39	25	body	body	NOUN
fbem-24778	39	26	code	code	NOUN
fbem-24778	39	27	,	,	PUNCT
fbem-24778	39	28	box	box	PROPN
fbem-24778	39	29	code	code	PROPN
fbem-24778	39	30	,	,	PUNCT
fbem-24778	39	31	box	box	PROPN
fbem-24778	39	32	code	code	PROPN
fbem-24778	39	33	,	,	PUNCT
fbem-24778	39	34	lid	lid	NOUN
fbem-24778	39	35	code	code	NOUN
fbem-24778	39	36	and	and	CCONJ
fbem-24778	39	37	tray	tray	VERB
fbem-24778	39	38	code	code	NOUN
fbem-24778	39	39	to	to	PART
fbem-24778	39	40	ensure	ensure	VERB
fbem-24778	39	41	the	the	DET
fbem-24778	39	42	inquiry	inquiry	NOUN
fbem-24778	39	43	and	and	CCONJ
fbem-24778	39	44	tracking	tracking	NOUN
fbem-24778	39	45	of	of	ADP
fbem-24778	39	46	products	product	NOUN
fbem-24778	39	47	,	,	PUNCT
fbem-24778	39	48	so	so	SCONJ
fbem-24778	39	49	as	as	SCONJ
fbem-24778	39	50	to	to	PART
fbem-24778	39	51	strengthen	strengthen	VERB
fbem-24778	39	52	the	the	DET
fbem-24778	39	53	monitoring	monitoring	NOUN
fbem-24778	39	54	and	and	CCONJ
fbem-24778	39	55	management	management	NOUN
fbem-24778	39	56	of	of	ADP
fbem-24778	39	57	channel	channel	NOUN
fbem-24778	39	58	information	information	NOUN
fbem-24778	39	59	and	and	CCONJ
fbem-24778	39	60	sales	sale	NOUN
fbem-24778	39	61	status	status	NOUN
fbem-24778	39	62	.	.	PUNCT
fbem-24778	40	1	the	the	DET
fbem-24778	40	2	transformation	transformation	NOUN
fbem-24778	40	3	and	and	CCONJ
fbem-24778	40	4	upgrading	upgrading	NOUN
fbem-24778	40	5	of	of	ADP
fbem-24778	40	6	the	the	DET
fbem-24778	40	7	system	system	NOUN
fbem-24778	40	8	has	have	AUX
fbem-24778	40	9	become	become	VERB
fbem-24778	40	10	a	a	DET
fbem-24778	40	11	model	model	NOUN
fbem-24778	40	12	of	of	ADP
fbem-24778	40	13	digital	digital	ADJ
fbem-24778	40	14	transformation	transformation	NOUN
fbem-24778	40	15	in	in	ADP
fbem-24778	40	16	the	the	DET
fbem-24778	40	17	liquor	liquor	NOUN
fbem-24778	40	18	industry	industry	NOUN
fbem-24778	40	19	.	.	PUNCT
fbem-24778	41	1	2.2.3	2.2.3	X
fbem-24778	41	2	.	.	PUNCT
fbem-24778	41	3	digitalization	digitalization	NOUN
fbem-24778	41	4	of	of	ADP
fbem-24778	41	5	consumption	consumption	NOUN
fbem-24778	41	6	by	by	ADP
fbem-24778	41	7	building	build	VERB
fbem-24778	41	8	private	private	ADJ
fbem-24778	41	9	domain	domain	NOUN
fbem-24778	41	10	traffic	traffic	NOUN
fbem-24778	41	11	,	,	PUNCT
fbem-24778	41	12	constructing	construct	VERB
fbem-24778	41	13	labeled	label	VERB
fbem-24778	41	14	consumer	consumer	NOUN
fbem-24778	41	15	portraits	portrait	NOUN
fbem-24778	41	16	and	and	CCONJ
fbem-24778	41	17	establishing	establish	VERB
fbem-24778	41	18	a	a	DET
fbem-24778	41	19	unified	unified	ADJ
fbem-24778	41	20	member	member	NOUN
fbem-24778	41	21	platform	platform	NOUN
fbem-24778	41	22	,	,	PUNCT
fbem-24778	41	23	luzhou	luzhou	ADJ
fbem-24778	41	24	laojiao	laojiao	NOUN
fbem-24778	41	25	realizes	realize	VERB
fbem-24778	41	26	the	the	DET
fbem-24778	41	27	management	management	NOUN
fbem-24778	41	28	of	of	ADP
fbem-24778	41	29	existing	exist	VERB
fbem-24778	41	30	users	user	NOUN
fbem-24778	41	31	and	and	CCONJ
fbem-24778	41	32	the	the	DET
fbem-24778	41	33	expansion	expansion	NOUN
fbem-24778	41	34	of	of	ADP
fbem-24778	41	35	new	new	ADJ
fbem-24778	41	36	users	user	NOUN
fbem-24778	41	37	,	,	PUNCT
fbem-24778	41	38	and	and	CCONJ
fbem-24778	41	39	finally	finally	ADV
fbem-24778	41	40	realizes	realize	VERB
fbem-24778	41	41	the	the	DET
fbem-24778	41	42	digitalization	digitalization	NOUN
fbem-24778	41	43	of	of	ADP
fbem-24778	41	44	consumer	consumer	NOUN
fbem-24778	41	45	management	management	NOUN
fbem-24778	41	46	.	.	PUNCT
fbem-24778	42	1	due	due	ADP
fbem-24778	42	2	to	to	ADP
fbem-24778	42	3	the	the	DET
fbem-24778	42	4	introduction	introduction	NOUN
fbem-24778	42	5	of	of	ADP
fbem-24778	42	6	the	the	DET
fbem-24778	42	7	policy	policy	NOUN
fbem-24778	42	8	of	of	ADP
fbem-24778	42	9	restricting	restrict	VERB
fbem-24778	42	10	three	three	NUM
fbem-24778	42	11	public	public	ADJ
fbem-24778	42	12	consumptions	consumption	NOUN
fbem-24778	42	13	,	,	PUNCT
fbem-24778	42	14	the	the	DET
fbem-24778	42	15	consumption	consumption	NOUN
fbem-24778	42	16	demand	demand	NOUN
fbem-24778	42	17	of	of	ADP
fbem-24778	42	18	liquor	liquor	NOUN
fbem-24778	42	19	market	market	NOUN
fbem-24778	42	20	has	have	AUX
fbem-24778	42	21	shrunk	shrink	VERB
fbem-24778	42	22	greatly	greatly	ADV
fbem-24778	42	23	.	.	PUNCT
fbem-24778	43	1	therefore	therefore	ADV
fbem-24778	43	2	,	,	PUNCT
fbem-24778	43	3	liquor	liquor	NOUN
fbem-24778	43	4	enterprises	enterprise	NOUN
fbem-24778	43	5	should	should	AUX
fbem-24778	43	6	actively	actively	ADV
fbem-24778	43	7	seek	seek	VERB
fbem-24778	43	8	new	new	ADJ
fbem-24778	43	9	users	user	NOUN
fbem-24778	43	10	to	to	PART
fbem-24778	43	11	increase	increase	VERB
fbem-24778	43	12	market	market	NOUN
fbem-24778	43	13	sales	sale	NOUN
fbem-24778	43	14	while	while	SCONJ
fbem-24778	43	15	managing	manage	VERB
fbem-24778	43	16	existing	exist	VERB
fbem-24778	43	17	users	user	NOUN
fbem-24778	43	18	.	.	PUNCT
fbem-24778	44	1	thanks	thank	NOUN
fbem-24778	44	2	to	to	ADP
fbem-24778	44	3	the	the	DET
fbem-24778	44	4	support	support	NOUN
fbem-24778	44	5	of	of	ADP
fbem-24778	44	6	digital	digital	ADJ
fbem-24778	44	7	technology	technology	NOUN
fbem-24778	44	8	,	,	PUNCT
fbem-24778	44	9	people	people	NOUN
fbem-24778	44	10	are	be	AUX
fbem-24778	44	11	paying	pay	VERB
fbem-24778	44	12	more	more	ADJ
fbem-24778	44	13	and	and	CCONJ
fbem-24778	44	14	more	more	ADJ
fbem-24778	44	15	attention	attention	NOUN
fbem-24778	44	16	to	to	ADP
fbem-24778	44	17	online	online	ADJ
fbem-24778	44	18	shopping	shopping	NOUN
fbem-24778	44	19	and	and	CCONJ
fbem-24778	44	20	information	information	NOUN
fbem-24778	44	21	experience	experience	NOUN
fbem-24778	44	22	,	,	PUNCT
fbem-24778	44	23	which	which	PRON
fbem-24778	44	24	has	have	AUX
fbem-24778	44	25	led	lead	VERB
fbem-24778	44	26	to	to	ADP
fbem-24778	44	27	the	the	DET
fbem-24778	44	28	emergence	emergence	NOUN
fbem-24778	44	29	of	of	ADP
fbem-24778	44	30	many	many	ADJ
fbem-24778	44	31	new	new	ADJ
fbem-24778	44	32	online	online	ADJ
fbem-24778	44	33	retail	retail	ADJ
fbem-24778	44	34	platforms	platform	NOUN
fbem-24778	44	35	in	in	ADP
fbem-24778	44	36	the	the	DET
fbem-24778	44	37	market	market	NOUN
fbem-24778	44	38	,	,	PUNCT
fbem-24778	44	39	such	such	ADJ
fbem-24778	44	40	as	as	ADP
fbem-24778	44	41	taobao	taobao	PROPN
fbem-24778	44	42	,	,	PUNCT
fbem-24778	44	43	jingdong	jingdong	ADP
fbem-24778	44	44	and	and	CCONJ
fbem-24778	44	45	tmall	tmall	NOUN
fbem-24778	44	46	.	.	PUNCT
fbem-24778	45	1	however	however	ADV
fbem-24778	45	2	,	,	PUNCT
fbem-24778	45	3	due	due	ADP
fbem-24778	45	4	to	to	ADP
fbem-24778	45	5	the	the	DET
fbem-24778	45	6	fierce	fierce	ADJ
fbem-24778	45	7	market	market	NOUN
fbem-24778	45	8	competition	competition	NOUN
fbem-24778	45	9	,	,	PUNCT
fbem-24778	45	10	enterprises	enterprise	NOUN
fbem-24778	45	11	need	need	VERB
fbem-24778	45	12	to	to	PART
fbem-24778	45	13	pay	pay	VERB
fbem-24778	45	14	a	a	DET
fbem-24778	45	15	higher	high	ADJ
fbem-24778	45	16	and	and	CCONJ
fbem-24778	45	17	higher	high	ADJ
fbem-24778	45	18	price	price	NOUN
fbem-24778	45	19	if	if	SCONJ
fbem-24778	45	20	they	they	PRON
fbem-24778	45	21	want	want	VERB
fbem-24778	45	22	to	to	PART
fbem-24778	45	23	gain	gain	VERB
fbem-24778	45	24	a	a	DET
fbem-24778	45	25	more	more	ADV
fbem-24778	45	26	prominent	prominent	ADJ
fbem-24778	45	27	position	position	NOUN
fbem-24778	45	28	on	on	ADP
fbem-24778	45	29	such	such	ADJ
fbem-24778	45	30	platforms	platform	NOUN
fbem-24778	45	31	.	.	PUNCT
fbem-24778	46	1	therefore	therefore	ADV
fbem-24778	46	2	,	,	PUNCT
fbem-24778	46	3	in	in	ADP
fbem-24778	46	4	order	order	NOUN
fbem-24778	46	5	to	to	PART
fbem-24778	46	6	shorten	shorten	VERB
fbem-24778	46	7	the	the	DET
fbem-24778	46	8	distance	distance	NOUN
fbem-24778	46	9	between	between	ADP
fbem-24778	46	10	the	the	DET
fbem-24778	46	11	brand	brand	NOUN
fbem-24778	46	12	and	and	CCONJ
fbem-24778	46	13	customers	customer	NOUN
fbem-24778	46	14	and	and	CCONJ
fbem-24778	46	15	reduce	reduce	VERB
fbem-24778	46	16	the	the	DET
fbem-24778	46	17	corresponding	correspond	VERB
fbem-24778	46	18	cost	cost	NOUN
fbem-24778	46	19	to	to	PART
fbem-24778	46	20	obtain	obtain	VERB
fbem-24778	46	21	more	more	ADJ
fbem-24778	46	22	and	and	CCONJ
fbem-24778	46	23	high	high	ADJ
fbem-24778	46	24	-	-	PUNCT
fbem-24778	46	25	quality	quality	NOUN
fbem-24778	46	26	incremental	incremental	NOUN
fbem-24778	46	27	,	,	PUNCT
fbem-24778	46	28	luzhou	luzhou	ADJ
fbem-24778	46	29	laojiao	laojiao	NOUN
fbem-24778	46	30	adopts	adopt	VERB
fbem-24778	46	31	the	the	DET
fbem-24778	46	32	way	way	NOUN
fbem-24778	46	33	of	of	ADP
fbem-24778	46	34	building	build	VERB
fbem-24778	46	35	private	private	ADJ
fbem-24778	46	36	domain	domain	NOUN
fbem-24778	46	37	traffic	traffic	NOUN
fbem-24778	46	38	to	to	PART
fbem-24778	46	39	guide	guide	VERB
fbem-24778	46	40	consumers	consumer	NOUN
fbem-24778	46	41	to	to	PART
fbem-24778	46	42	pay	pay	VERB
fbem-24778	46	43	attention	attention	NOUN
fbem-24778	46	44	to	to	ADP
fbem-24778	46	45	its	its	PRON
fbem-24778	46	46	corporate	corporate	ADJ
fbem-24778	46	47	official	official	ADJ
fbem-24778	46	48	account	account	NOUN
fbem-24778	46	49	and	and	CCONJ
fbem-24778	46	50	divert	divert	VERB
fbem-24778	46	51	the	the	DET
fbem-24778	46	52	real	real	ADJ
fbem-24778	46	53	consumers	consumer	NOUN
fbem-24778	46	54	who	who	PRON
fbem-24778	46	55	have	have	AUX
fbem-24778	46	56	purchased	purchase	VERB
fbem-24778	46	57	products	product	NOUN
fbem-24778	46	58	to	to	ADP
fbem-24778	46	59	its	its	PRON
fbem-24778	46	60	private	private	ADJ
fbem-24778	46	61	domain	domain	NOUN
fbem-24778	46	62	traffic	traffic	NOUN
fbem-24778	46	63	pool	pool	NOUN
fbem-24778	46	64	.	.	PUNCT
fbem-24778	47	1	after	after	ADP
fbem-24778	47	2	building	build	VERB
fbem-24778	47	3	the	the	DET
fbem-24778	47	4	enterprise	enterprise	NOUN
fbem-24778	47	5	's	's	PART
fbem-24778	47	6	own	own	ADJ
fbem-24778	47	7	user	user	NOUN
fbem-24778	47	8	system	system	NOUN
fbem-24778	47	9	,	,	PUNCT
fbem-24778	47	10	luzhou	luzhou	ADJ
fbem-24778	47	11	laojiao	laojiao	NOUN
fbem-24778	47	12	further	far	ADV
fbem-24778	47	13	grasps	grasp	VERB
fbem-24778	47	14	the	the	DET
fbem-24778	47	15	relevant	relevant	ADJ
fbem-24778	47	16	information	information	NOUN
fbem-24778	47	17	of	of	ADP
fbem-24778	47	18	users	user	NOUN
fbem-24778	47	19	and	and	CCONJ
fbem-24778	47	20	creates	create	VERB
fbem-24778	47	21	consumer	consumer	NOUN
fbem-24778	47	22	portraits	portrait	NOUN
fbem-24778	47	23	.	.	PUNCT
fbem-24778	48	1	for	for	ADP
fbem-24778	48	2	example	example	NOUN
fbem-24778	48	3	:	:	PUNCT
fbem-24778	48	4	the	the	DET
fbem-24778	48	5	consumer	consumer	NOUN
fbem-24778	48	6	's	's	PART
fbem-24778	48	7	age	age	NOUN
fbem-24778	48	8	,	,	PUNCT
fbem-24778	48	9	gender	gender	NOUN
fbem-24778	48	10	,	,	PUNCT
fbem-24778	48	11	purchase	purchase	NOUN
fbem-24778	48	12	time	time	NOUN
fbem-24778	48	13	,	,	PUNCT
fbem-24778	48	14	purchase	purchase	NOUN
fbem-24778	48	15	terminal	terminal	NOUN
fbem-24778	48	16	and	and	CCONJ
fbem-24778	48	17	other	other	ADJ
fbem-24778	48	18	information	information	NOUN
fbem-24778	48	19	.	.	PUNCT
fbem-24778	49	1	based	base	VERB
fbem-24778	49	2	on	on	ADP
fbem-24778	49	3	these	these	DET
fbem-24778	49	4	digital	digital	ADJ
fbem-24778	49	5	consumption	consumption	NOUN
fbem-24778	49	6	information	information	NOUN
fbem-24778	49	7	,	,	PUNCT
fbem-24778	49	8	luzhou	luzhou	ADJ
fbem-24778	49	9	laojiao	laojiao	NOUN
fbem-24778	49	10	can	can	AUX
fbem-24778	49	11	know	know	VERB
fbem-24778	49	12	the	the	DET
fbem-24778	49	13	shopping	shopping	NOUN
fbem-24778	49	14	situation	situation	NOUN
fbem-24778	49	15	of	of	ADP
fbem-24778	49	16	consumers	consumer	NOUN
fbem-24778	49	17	in	in	ADP
fbem-24778	49	18	real	real	ADJ
fbem-24778	49	19	time	time	NOUN
fbem-24778	49	20	,	,	PUNCT
fbem-24778	49	21	so	so	SCONJ
fbem-24778	49	22	as	as	SCONJ
fbem-24778	49	23	to	to	PART
fbem-24778	49	24	better	well	ADV
fbem-24778	49	25	adjust	adjust	VERB
fbem-24778	49	26	the	the	DET
fbem-24778	49	27	corporate	corporate	ADJ
fbem-24778	49	28	strategy	strategy	NOUN
fbem-24778	49	29	.	.	PUNCT
fbem-24778	50	1	2.2.4	2.2.4	X
fbem-24778	50	2	.	.	X
fbem-24778	50	3	digitizing	digitize	VERB
fbem-24778	50	4	marketing	marketing	NOUN
fbem-24778	50	5	with	with	ADP
fbem-24778	50	6	development	development	NOUN
fbem-24778	50	7	of	of	ADP
fbem-24778	50	8	the	the	DET
fbem-24778	50	9	digital	digital	ADJ
fbem-24778	50	10	society	society	NOUN
fbem-24778	50	11	,	,	PUNCT
fbem-24778	50	12	relying	rely	VERB
fbem-24778	50	13	on	on	ADP
fbem-24778	50	14	traditional	traditional	ADJ
fbem-24778	50	15	marketing	marketing	NOUN
fbem-24778	50	16	methods	method	NOUN
fbem-24778	50	17	have	have	AUX
fbem-24778	50	18	been	be	AUX
fbem-24778	50	19	unable	unable	ADJ
fbem-24778	50	20	to	to	PART
fbem-24778	50	21	reach	reach	VERB
fbem-24778	50	22	function	function	NOUN
fbem-24778	50	23	to	to	PART
fbem-24778	50	24	promote	promote	VERB
fbem-24778	50	25	the	the	DET
fbem-24778	50	26	development	development	NOUN
fbem-24778	50	27	of	of	ADP
fbem-24778	50	28	enterprises	enterprise	NOUN
fbem-24778	50	29	.	.	PUNCT
fbem-24778	51	1	at	at	ADP
fbem-24778	51	2	present	present	ADJ
fbem-24778	51	3	,	,	PUNCT
fbem-24778	51	4	the	the	DET
fbem-24778	51	5	liquor	liquor	NOUN
fbem-24778	51	6	industry	industry	NOUN
fbem-24778	51	7	keeps	keep	VERB
fbem-24778	51	8	up	up	ADP
fbem-24778	51	9	with	with	ADP
fbem-24778	51	10	the	the	DET
fbem-24778	51	11	development	development	NOUN
fbem-24778	51	12	trend	trend	NOUN
fbem-24778	51	13	of	of	ADP
fbem-24778	51	14	new	new	ADJ
fbem-24778	51	15	media	medium	NOUN
fbem-24778	51	16	and	and	CCONJ
fbem-24778	51	17	uses	use	VERB
fbem-24778	51	18	network	network	NOUN
fbem-24778	51	19	platform	platform	NOUN
fbem-24778	51	20	resources	resource	NOUN
fbem-24778	51	21	to	to	PART
fbem-24778	51	22	carry	carry	VERB
fbem-24778	51	23	out	out	ADP
fbem-24778	51	24	live	live	ADJ
fbem-24778	51	25	broadcast	broadcast	NOUN
fbem-24778	51	26	activities	activity	NOUN
fbem-24778	51	27	to	to	PART
fbem-24778	51	28	narrow	narrow	VERB
fbem-24778	51	29	the	the	DET
fbem-24778	51	30	distance	distance	NOUN
fbem-24778	51	31	with	with	ADP
fbem-24778	51	32	consumers	consumer	NOUN
fbem-24778	51	33	and	and	CCONJ
fbem-24778	51	34	improve	improve	VERB
fbem-24778	51	35	the	the	DET
fbem-24778	51	36	brand	brand	NOUN
fbem-24778	51	37	penetration	penetration	NOUN
fbem-24778	51	38	rate	rate	NOUN
fbem-24778	51	39	.	.	PUNCT
fbem-24778	52	1	luzhou	luzhou	ADJ
fbem-24778	52	2	laojiao	laojiao	NOUN
fbem-24778	52	3	relies	rely	VERB
fbem-24778	52	4	on	on	ADP
fbem-24778	52	5	the	the	DET
fbem-24778	52	6	customers	customer	NOUN
fbem-24778	52	7	and	and	CCONJ
fbem-24778	52	8	information	information	NOUN
fbem-24778	52	9	resources	resource	NOUN
fbem-24778	52	10	of	of	ADP
fbem-24778	52	11	the	the	DET
fbem-24778	52	12	third	third	ADJ
fbem-24778	52	13	-	-	PUNCT
fbem-24778	52	14	party	party	NOUN
fbem-24778	52	15	platform	platform	NOUN
fbem-24778	52	16	to	to	PART
fbem-24778	52	17	carry	carry	VERB
fbem-24778	52	18	out	out	ADP
fbem-24778	52	19	online	online	ADJ
fbem-24778	52	20	marketing	marketing	NOUN
fbem-24778	52	21	,	,	PUNCT
fbem-24778	52	22	and	and	CCONJ
fbem-24778	52	23	carries	carry	VERB
fbem-24778	52	24	out	out	ADP
fbem-24778	52	25	the	the	DET
fbem-24778	52	26	marketing	marketing	NOUN
fbem-24778	52	27	mode	mode	NOUN
fbem-24778	52	28	combining	combine	VERB
fbem-24778	52	29	"	"	PUNCT
fbem-24778	52	30	online	online	ADJ
fbem-24778	52	31	+	+	CCONJ
fbem-24778	52	32	offline	offline	ADJ
fbem-24778	52	33	"	"	PUNCT
fbem-24778	52	34	.	.	PUNCT
fbem-24778	53	1	in	in	ADP
fbem-24778	53	2	2018	2018	NUM
fbem-24778	53	3	,	,	PUNCT
fbem-24778	53	4	relying	rely	VERB
fbem-24778	53	5	on	on	ADP
fbem-24778	53	6	tencent	tencent	NOUN
fbem-24778	53	7	's	's	PART
fbem-24778	53	8	huge	huge	ADJ
fbem-24778	53	9	user	user	NOUN
fbem-24778	53	10	base	base	NOUN
fbem-24778	53	11	,	,	PUNCT
fbem-24778	53	12	luzhou	luzhou	ADJ
fbem-24778	53	13	laojiao	laojiao	NOUN
fbem-24778	53	14	established	establish	VERB
fbem-24778	53	15	a	a	DET
fbem-24778	53	16	three	three	NUM
fbem-24778	53	17	-	-	PUNCT
fbem-24778	53	18	in	in	ADP
fbem-24778	53	19	-	-	PUNCT
fbem-24778	53	20	one	one	NUM
fbem-24778	53	21	smart	smart	ADJ
fbem-24778	53	22	retail	retail	ADJ
fbem-24778	53	23	system	system	NOUN
fbem-24778	53	24	of	of	ADP
fbem-24778	53	25	"	"	PUNCT
fbem-24778	53	26	data	datum	NOUN
fbem-24778	53	27	+	+	CCONJ
fbem-24778	53	28	content	content	NOUN
fbem-24778	53	29	+	+	CCONJ
fbem-24778	53	30	operation	operation	NOUN
fbem-24778	53	31	"	"	PUNCT
fbem-24778	53	32	,	,	PUNCT
fbem-24778	53	33	which	which	PRON
fbem-24778	53	34	improved	improve	VERB
fbem-24778	53	35	the	the	DET
fbem-24778	53	36	brand	brand	NOUN
fbem-24778	53	37	influence	influence	NOUN
fbem-24778	53	38	of	of	ADP
fbem-24778	53	39	the	the	DET
fbem-24778	53	40	enterprise	enterprise	NOUN
fbem-24778	53	41	.	.	PUNCT
fbem-24778	54	1	not	not	PART
fbem-24778	54	2	only	only	ADV
fbem-24778	54	3	that	that	PRON
fbem-24778	54	4	,	,	PUNCT
fbem-24778	54	5	luzhou	luzhou	ADJ
fbem-24778	54	6	laojiao	laojiao	NOUN
fbem-24778	54	7	has	have	AUX
fbem-24778	54	8	carried	carry	VERB
fbem-24778	54	9	out	out	ADP
fbem-24778	54	10	online	online	ADJ
fbem-24778	54	11	communication	communication	NOUN
fbem-24778	54	12	activities	activity	NOUN
fbem-24778	54	13	such	such	ADJ
fbem-24778	54	14	as	as	ADP
fbem-24778	54	15	ten	ten	NUM
fbem-24778	54	16	thousand	thousand	NUM
fbem-24778	54	17	cloud	cloud	NOUN
fbem-24778	54	18	sealing	sealing	NOUN
fbem-24778	54	19	ceremony	ceremony	NOUN
fbem-24778	54	20	and	and	CCONJ
fbem-24778	54	21	home	home	NOUN
fbem-24778	54	22	kitchen	kitchen	NOUN
fbem-24778	54	23	god	god	PROPN
fbem-24778	54	24	competition	competition	NOUN
fbem-24778	54	25	to	to	PART
fbem-24778	54	26	enhance	enhance	VERB
fbem-24778	54	27	brand	brand	NOUN
fbem-24778	54	28	influence	influence	NOUN
fbem-24778	54	29	.	.	PUNCT
fbem-24778	55	1	constantly	constantly	ADV
fbem-24778	55	2	explore	explore	VERB
fbem-24778	55	3	and	and	CCONJ
fbem-24778	55	4	create	create	VERB
fbem-24778	55	5	new	new	ADJ
fbem-24778	55	6	marketing	marketing	NOUN
fbem-24778	55	7	models	model	NOUN
fbem-24778	55	8	such	such	ADJ
fbem-24778	55	9	as	as	ADP
fbem-24778	55	10	live	live	ADJ
fbem-24778	55	11	broadcast	broadcast	NOUN
fbem-24778	55	12	marketing	marketing	NOUN
fbem-24778	55	13	and	and	CCONJ
fbem-24778	55	14	community	community	NOUN
fbem-24778	55	15	marketing	marketing	NOUN
fbem-24778	55	16	suitable	suitable	ADJ
fbem-24778	55	17	for	for	ADP
fbem-24778	55	18	themselves	themselves	PRON
fbem-24778	55	19	[	[	X
fbem-24778	55	20	2	2	NUM
fbem-24778	55	21	]	]	PUNCT
fbem-24778	55	22	.	.	PUNCT
fbem-24778	56	1	3	3	X
fbem-24778	56	2	.	.	X
fbem-24778	56	3	the	the	DET
fbem-24778	56	4	impact	impact	NOUN
fbem-24778	56	5	of	of	ADP
fbem-24778	56	6	digital	digital	ADJ
fbem-24778	56	7	transformation	transformation	NOUN
fbem-24778	56	8	of	of	ADP
fbem-24778	56	9	luzhou	luzhou	ADJ
fbem-24778	56	10	laojiao	laojiao	NOUN
fbem-24778	56	11	on	on	ADP
fbem-24778	56	12	financial	financial	ADJ
fbem-24778	56	13	performance	performance	NOUN
fbem-24778	56	14	in	in	ADP
fbem-24778	56	15	order	order	NOUN
fbem-24778	56	16	to	to	PART
fbem-24778	56	17	comply	comply	VERB
fbem-24778	56	18	with	with	ADP
fbem-24778	56	19	the	the	DET
fbem-24778	56	20	development	development	NOUN
fbem-24778	56	21	trend	trend	NOUN
fbem-24778	56	22	of	of	ADP
fbem-24778	56	23	the	the	DET
fbem-24778	56	24	digital	digital	ADJ
fbem-24778	56	25	economy	economy	NOUN
fbem-24778	56	26	era	era	NOUN
fbem-24778	56	27	,	,	PUNCT
fbem-24778	56	28	digital	digital	ADJ
fbem-24778	56	29	transformation	transformation	NOUN
fbem-24778	56	30	has	have	AUX
fbem-24778	56	31	become	become	VERB
fbem-24778	56	32	an	an	DET
fbem-24778	56	33	inevitable	inevitable	ADJ
fbem-24778	56	34	trend	trend	NOUN
fbem-24778	56	35	for	for	ADP
fbem-24778	56	36	the	the	DET
fbem-24778	56	37	stable	stable	ADJ
fbem-24778	56	38	development	development	NOUN
fbem-24778	56	39	of	of	ADP
fbem-24778	56	40	enterprises	enterprise	NOUN
fbem-24778	56	41	.	.	PUNCT
fbem-24778	57	1	according	accord	VERB
fbem-24778	57	2	to	to	ADP
fbem-24778	57	3	the	the	DET
fbem-24778	57	4	article	article	NOUN
fbem-24778	57	5	,	,	PUNCT
fbem-24778	57	6	it	it	PRON
fbem-24778	57	7	is	be	AUX
fbem-24778	57	8	found	find	VERB
fbem-24778	57	9	that	that	SCONJ
fbem-24778	57	10	luzhou	luzhou	ADJ
fbem-24778	57	11	laojiao	laojiao	NOUN
fbem-24778	57	12	began	begin	VERB
fbem-24778	57	13	to	to	PART
fbem-24778	57	14	carry	carry	VERB
fbem-24778	57	15	out	out	ADP
fbem-24778	57	16	digital	digital	ADJ
fbem-24778	57	17	transformation	transformation	NOUN
fbem-24778	57	18	in	in	ADP
fbem-24778	57	19	2016	2016	NUM
fbem-24778	57	20	,	,	PUNCT
fbem-24778	57	21	but	but	CCONJ
fbem-24778	57	22	began	begin	VERB
fbem-24778	57	23	to	to	PART
fbem-24778	57	24	realize	realize	VERB
fbem-24778	57	25	digital	digital	ADJ
fbem-24778	57	26	operation	operation	NOUN
fbem-24778	57	27	mode	mode	NOUN
fbem-24778	57	28	in	in	ADP
fbem-24778	57	29	2018	2018	NUM
fbem-24778	57	30	.	.	PUNCT
fbem-24778	58	1	therefore	therefore	ADV
fbem-24778	58	2	,	,	PUNCT
fbem-24778	58	3	taking	take	VERB
fbem-24778	58	4	2018	2018	NUM
fbem-24778	58	5	as	as	ADP
fbem-24778	58	6	the	the	DET
fbem-24778	58	7	cut	cut	VERB
fbem-24778	58	8	-	-	PUNCT
fbem-24778	58	9	off	off	ADP
fbem-24778	58	10	point	point	NOUN
fbem-24778	58	11	of	of	ADP
fbem-24778	58	12	luzhou	luzhou	ADJ
fbem-24778	58	13	laojiao	laojiao	NOUN
fbem-24778	58	14	's	's	PART
fbem-24778	58	15	digital	digital	ADJ
fbem-24778	58	16	transformation	transformation	NOUN
fbem-24778	58	17	,	,	PUNCT
fbem-24778	58	18	this	this	DET
fbem-24778	58	19	paper	paper	NOUN
fbem-24778	58	20	selects	select	VERB
fbem-24778	58	21	the	the	DET
fbem-24778	58	22	performance	performance	NOUN
fbem-24778	58	23	indicators	indicator	NOUN
fbem-24778	58	24	of	of	ADP
fbem-24778	58	25	luzhou	luzhou	ADJ
fbem-24778	58	26	laojiao	laojiao	NOUN
fbem-24778	58	27	before	before	ADV
fbem-24778	58	28	and	and	CCONJ
fbem-24778	58	29	after	after	ADP
fbem-24778	58	30	2018	2018	NUM
fbem-24778	58	31	and	and	CCONJ
fbem-24778	58	32	compares	compare	VERB
fbem-24778	58	33	them	they	PRON
fbem-24778	58	34	with	with	ADP
fbem-24778	58	35	those	those	PRON
fbem-24778	58	36	of	of	ADP
fbem-24778	58	37	the	the	DET
fbem-24778	58	38	same	same	ADJ
fbem-24778	58	39	industry	industry	NOUN
fbem-24778	58	40	to	to	PART
fbem-24778	58	41	analyze	analyze	VERB
fbem-24778	58	42	the	the	DET
fbem-24778	58	43	impact	impact	NOUN
fbem-24778	58	44	of	of	ADP
fbem-24778	58	45	its	its	PRON
fbem-24778	58	46	digital	digital	ADJ
fbem-24778	58	47	transformation	transformation	NOUN
fbem-24778	58	48	on	on	ADP
fbem-24778	58	49	financial	financial	ADJ
fbem-24778	58	50	performance	performance	NOUN
fbem-24778	58	51	.	.	PUNCT
fbem-24778	59	1	3.1	3.1	NUM
fbem-24778	59	2	.	.	PUNCT
fbem-24778	59	3	impact	impact	NOUN
fbem-24778	59	4	on	on	ADP
fbem-24778	59	5	corporate	corporate	ADJ
fbem-24778	59	6	profitability	profitability	NOUN
fbem-24778	59	7	net	net	ADJ
fbem-24778	59	8	profit	profit	NOUN
fbem-24778	59	9	margin	margin	NOUN
fbem-24778	59	10	on	on	ADP
fbem-24778	59	11	sales	sale	NOUN
fbem-24778	59	12	can	can	AUX
fbem-24778	59	13	measure	measure	VERB
fbem-24778	59	14	the	the	DET
fbem-24778	59	15	ability	ability	NOUN
fbem-24778	59	16	of	of	ADP
fbem-24778	59	17	an	an	DET
fbem-24778	59	18	enterprise	enterprise	NOUN
fbem-24778	59	19	to	to	PART
fbem-24778	59	20	obtain	obtain	VERB
fbem-24778	59	21	sales	sale	NOUN
fbem-24778	59	22	revenue	revenue	NOUN
fbem-24778	59	23	in	in	ADP
fbem-24778	59	24	a	a	DET
fbem-24778	59	25	certain	certain	ADJ
fbem-24778	59	26	period	period	NOUN
fbem-24778	59	27	and	and	CCONJ
fbem-24778	59	28	reflect	reflect	VERB
fbem-24778	59	29	the	the	DET
fbem-24778	59	30	operation	operation	NOUN
fbem-24778	59	31	and	and	CCONJ
fbem-24778	59	32	management	management	NOUN
fbem-24778	59	33	ability	ability	NOUN
fbem-24778	59	34	of	of	ADP
fbem-24778	59	35	an	an	DET
fbem-24778	59	36	enterprise	enterprise	NOUN
fbem-24778	59	37	b.	b.	NOUN
fbem-24778	59	38	it	it	PRON
fbem-24778	59	39	can	can	AUX
fbem-24778	59	40	be	be	AUX
fbem-24778	59	41	seen	see	VERB
fbem-24778	59	42	from	from	ADP
fbem-24778	59	43	figure	figure	NOUN
fbem-24778	59	44	3	3	NUM
fbem-24778	59	45	-	-	SYM
fbem-24778	59	46	1	1	NUM
fbem-24778	59	47	that	that	SCONJ
fbem-24778	59	48	from	from	ADP
fbem-24778	59	49	2016	2016	NUM
fbem-24778	59	50	to	to	ADP
fbem-24778	59	51	2022	2022	NUM
fbem-24778	59	52	,	,	PUNCT
fbem-24778	59	53	the	the	DET
fbem-24778	59	54	net	net	ADJ
fbem-24778	59	55	profit	profit	NOUN
fbem-24778	59	56	margin	margin	NOUN
fbem-24778	59	57	on	on	ADP
fbem-24778	59	58	sales	sale	NOUN
fbem-24778	59	59	of	of	ADP
fbem-24778	59	60	luzhou	luzhou	ADJ
fbem-24778	59	61	laojiao	laojiao	NOUN
fbem-24778	59	62	continued	continue	VERB
fbem-24778	59	63	to	to	PART
fbem-24778	59	64	rise	rise	VERB
fbem-24778	59	65	,	,	PUNCT
fbem-24778	59	66	and	and	CCONJ
fbem-24778	59	67	the	the	DET
fbem-24778	59	68	upward	upward	ADJ
fbem-24778	59	69	trend	trend	NOUN
fbem-24778	59	70	was	be	AUX
fbem-24778	59	71	obvious	obvious	ADJ
fbem-24778	59	72	in	in	ADP
fbem-24778	59	73	2019	2019	NUM
fbem-24778	59	74	,	,	PUNCT
fbem-24778	59	75	and	and	CCONJ
fbem-24778	59	76	even	even	ADV
fbem-24778	59	77	exceeded	exceed	VERB
fbem-24778	59	78	wuliangye	wuliangye	NOUN
fbem-24778	59	79	in	in	ADP
fbem-24778	59	80	2021	2021	NUM
fbem-24778	59	81	.	.	PUNCT
fbem-24778	59	82	grew	grow	VERB
fbem-24778	59	83	by	by	ADP
fbem-24778	59	84	12	12	NUM
fbem-24778	59	85	%	%	NOUN
fbem-24778	59	86	between	between	ADP
fbem-24778	59	87	2018	2018	NUM
fbem-24778	59	88	-	-	SYM
fbem-24778	59	89	2021	2021	NUM
fbem-24778	59	90	.	.	PUNCT
fbem-24778	60	1	this	this	PRON
fbem-24778	60	2	is	be	AUX
fbem-24778	60	3	mainly	mainly	ADV
fbem-24778	60	4	because	because	SCONJ
fbem-24778	60	5	luzhou	luzhou	ADJ
fbem-24778	60	6	laojiao	laojiao	NOUN
fbem-24778	60	7	constantly	constantly	ADV
fbem-24778	60	8	adjusts	adjust	VERB
fbem-24778	60	9	the	the	DET
fbem-24778	60	10	product	product	NOUN
fbem-24778	60	11	structure	structure	NOUN
fbem-24778	60	12	,	,	PUNCT
fbem-24778	60	13	and	and	CCONJ
fbem-24778	60	14	because	because	SCONJ
fbem-24778	60	15	of	of	ADP
fbem-24778	60	16	the	the	DET
fbem-24778	60	17	372	372	NUM
fbem-24778	60	18	successful	successful	ADJ
fbem-24778	60	19	development	development	NOUN
fbem-24778	60	20	of	of	ADP
fbem-24778	60	21	automatic	automatic	ADJ
fbem-24778	60	22	brewing	brewing	NOUN
fbem-24778	60	23	equipment	equipment	NOUN
fbem-24778	60	24	,	,	PUNCT
fbem-24778	60	25	the	the	DET
fbem-24778	60	26	whole	whole	ADJ
fbem-24778	60	27	process	process	NOUN
fbem-24778	60	28	of	of	ADP
fbem-24778	60	29	brewing	brewing	NOUN
fbem-24778	60	30	production	production	NOUN
fbem-24778	60	31	is	be	AUX
fbem-24778	60	32	fully	fully	ADV
fbem-24778	60	33	automated	automate	VERB
fbem-24778	60	34	production	production	NOUN
fbem-24778	60	35	,	,	PUNCT
fbem-24778	60	36	resulting	result	VERB
fbem-24778	60	37	in	in	ADP
fbem-24778	60	38	higher	high	ADJ
fbem-24778	60	39	per	per	ADP
fbem-24778	60	40	capita	capita	X
fbem-24778	60	41	output	output	NOUN
fbem-24778	60	42	and	and	CCONJ
fbem-24778	60	43	relatively	relatively	ADV
fbem-24778	60	44	low	low	ADJ
fbem-24778	60	45	production	production	NOUN
fbem-24778	60	46	cost	cost	NOUN
fbem-24778	60	47	,	,	PUNCT
fbem-24778	60	48	so	so	SCONJ
fbem-24778	60	49	that	that	SCONJ
fbem-24778	60	50	the	the	DET
fbem-24778	60	51	profitability	profitability	NOUN
fbem-24778	60	52	caused	cause	VERB
fbem-24778	60	53	by	by	ADP
fbem-24778	60	54	sales	sale	NOUN
fbem-24778	60	55	revenue	revenue	NOUN
fbem-24778	60	56	continues	continue	VERB
fbem-24778	60	57	to	to	PART
fbem-24778	60	58	increase	increase	VERB
fbem-24778	60	59	.	.	PUNCT
fbem-24778	61	1	this	this	PRON
fbem-24778	61	2	shows	show	VERB
fbem-24778	61	3	that	that	SCONJ
fbem-24778	61	4	after	after	SCONJ
fbem-24778	61	5	luzhou	luzhou	ADJ
fbem-24778	61	6	laojiao	laojiao	NOUN
fbem-24778	61	7	began	begin	VERB
fbem-24778	61	8	to	to	PART
fbem-24778	61	9	implement	implement	VERB
fbem-24778	61	10	comprehensive	comprehensive	ADJ
fbem-24778	61	11	digital	digital	ADJ
fbem-24778	61	12	operation	operation	NOUN
fbem-24778	61	13	in	in	ADP
fbem-24778	61	14	2018	2018	NUM
fbem-24778	61	15	,	,	PUNCT
fbem-24778	61	16	its	its	PRON
fbem-24778	61	17	growth	growth	NOUN
fbem-24778	61	18	rate	rate	NOUN
fbem-24778	61	19	has	have	AUX
fbem-24778	61	20	been	be	AUX
fbem-24778	61	21	significantly	significantly	ADV
fbem-24778	61	22	improved	improve	VERB
fbem-24778	61	23	,	,	PUNCT
fbem-24778	61	24	and	and	CCONJ
fbem-24778	61	25	the	the	DET
fbem-24778	61	26	outbreak	outbreak	NOUN
fbem-24778	61	27	of	of	ADP
fbem-24778	61	28	covid-1	covid-1	NOUN
fbem-24778	61	29	9	9	NUM
fbem-24778	61	30	in	in	ADP
fbem-24778	61	31	201	201	NUM
fbem-24778	61	32	9	9	NUM
fbem-24778	61	33	did	do	AUX
fbem-24778	61	34	not	not	PART
fbem-24778	61	35	have	have	VERB
fbem-24778	61	36	a	a	DET
fbem-24778	61	37	great	great	ADJ
fbem-24778	61	38	negative	negative	ADJ
fbem-24778	61	39	impact	impact	NOUN
fbem-24778	61	40	on	on	ADP
fbem-24778	61	41	the	the	DET
fbem-24778	61	42	business	business	NOUN
fbem-24778	61	43	performance	performance	NOUN
fbem-24778	61	44	of	of	ADP
fbem-24778	61	45	luzhou	luzhou	ADJ
fbem-24778	61	46	laojiao	laojiao	NOUN
fbem-24778	61	47	,	,	PUNCT
fbem-24778	61	48	from	from	ADP
fbem-24778	61	49	which	which	PRON
fbem-24778	61	50	we	we	PRON
fbem-24778	61	51	can	can	AUX
fbem-24778	61	52	see	see	VERB
fbem-24778	61	53	the	the	DET
fbem-24778	61	54	positive	positive	ADJ
fbem-24778	61	55	role	role	NOUN
fbem-24778	61	56	of	of	ADP
fbem-24778	61	57	digital	digital	ADJ
fbem-24778	61	58	transformation	transformation	NOUN
fbem-24778	61	59	in	in	ADP
fbem-24778	61	60	dealing	deal	VERB
fbem-24778	61	61	with	with	ADP
fbem-24778	61	62	such	such	ADJ
fbem-24778	61	63	emergencies	emergency	NOUN
fbem-24778	61	64	.	.	PUNCT
fbem-24778	62	1	figure	figure	VERB
fbem-24778	62	2	3	3	NUM
fbem-24778	62	3	-	-	SYM
fbem-24778	62	4	1	1	NUM
fbem-24778	62	5	.	.	PUNCT
fbem-24778	62	6	comparative	comparative	ADJ
fbem-24778	62	7	analysis	analysis	NOUN
fbem-24778	62	8	of	of	ADP
fbem-24778	62	9	net	net	ADJ
fbem-24778	62	10	profit	profit	NOUN
fbem-24778	62	11	margin	margin	NOUN
fbem-24778	62	12	on	on	ADP
fbem-24778	62	13	sales	sale	NOUN
fbem-24778	62	14	return	return	NOUN
fbem-24778	62	15	on	on	ADP
fbem-24778	62	16	equity	equity	NOUN
fbem-24778	62	17	is	be	AUX
fbem-24778	62	18	one	one	NUM
fbem-24778	62	19	of	of	ADP
fbem-24778	62	20	the	the	DET
fbem-24778	62	21	core	core	ADJ
fbem-24778	62	22	indicators	indicator	NOUN
fbem-24778	62	23	to	to	PART
fbem-24778	62	24	measure	measure	VERB
fbem-24778	62	25	the	the	DET
fbem-24778	62	26	profitability	profitability	NOUN
fbem-24778	62	27	of	of	ADP
fbem-24778	62	28	enterprises	enterprise	NOUN
fbem-24778	62	29	.	.	PUNCT
fbem-24778	63	1	it	it	PRON
fbem-24778	63	2	not	not	PART
fbem-24778	63	3	only	only	ADV
fbem-24778	63	4	reflects	reflect	VERB
fbem-24778	63	5	the	the	DET
fbem-24778	63	6	profitability	profitability	NOUN
fbem-24778	63	7	of	of	ADP
fbem-24778	63	8	the	the	DET
fbem-24778	63	9	enterprise	enterprise	NOUN
fbem-24778	63	10	,	,	PUNCT
fbem-24778	63	11	but	but	CCONJ
fbem-24778	63	12	also	also	ADV
fbem-24778	63	13	affects	affect	VERB
fbem-24778	63	14	the	the	DET
fbem-24778	63	15	operation	operation	NOUN
fbem-24778	63	16	,	,	PUNCT
fbem-24778	63	17	decision	decision	NOUN
fbem-24778	63	18	-	-	PUNCT
fbem-24778	63	19	making	make	VERB
fbem-24778	63	20	and	and	CCONJ
fbem-24778	63	21	long	long	ADJ
fbem-24778	63	22	-	-	PUNCT
fbem-24778	63	23	term	term	NOUN
fbem-24778	63	24	development	development	NOUN
fbem-24778	63	25	of	of	ADP
fbem-24778	63	26	the	the	DET
fbem-24778	63	27	enterprise	enterprise	NOUN
fbem-24778	63	28	in	in	ADP
fbem-24778	63	29	many	many	ADJ
fbem-24778	63	30	aspects	aspect	NOUN
fbem-24778	63	31	.	.	PUNCT
fbem-24778	64	1	it	it	PRON
fbem-24778	64	2	shows	show	VERB
fbem-24778	64	3	the	the	DET
fbem-24778	64	4	efficiency	efficiency	NOUN
fbem-24778	64	5	of	of	ADP
fbem-24778	64	6	using	use	VERB
fbem-24778	64	7	shareholders	shareholder	NOUN
fbem-24778	64	8	'	'	PART
fbem-24778	64	9	equity	equity	NOUN
fbem-24778	64	10	to	to	PART
fbem-24778	64	11	create	create	VERB
fbem-24778	64	12	profits	profit	NOUN
fbem-24778	64	13	,	,	PUNCT
fbem-24778	64	14	and	and	CCONJ
fbem-24778	64	15	is	be	AUX
fbem-24778	64	16	a	a	DET
fbem-24778	64	17	key	key	ADJ
fbem-24778	64	18	data	datum	NOUN
fbem-24778	64	19	to	to	PART
fbem-24778	64	20	evaluate	evaluate	VERB
fbem-24778	64	21	the	the	DET
fbem-24778	64	22	strength	strength	NOUN
fbem-24778	64	23	of	of	ADP
fbem-24778	64	24	corporate	corporate	ADJ
fbem-24778	64	25	profitability	profitability	NOUN
fbem-24778	64	26	.	.	PUNCT
fbem-24778	65	1	it	it	PRON
fbem-24778	65	2	can	can	AUX
fbem-24778	65	3	be	be	AUX
fbem-24778	65	4	seen	see	VERB
fbem-24778	65	5	from	from	ADP
fbem-24778	65	6	figure	figure	NOUN
fbem-24778	65	7	3	3	NUM
fbem-24778	65	8	-	-	SYM
fbem-24778	65	9	2	2	NUM
fbem-24778	65	10	that	that	SCONJ
fbem-24778	65	11	from	from	ADP
fbem-24778	65	12	2016	2016	NUM
fbem-24778	65	13	to	to	ADP
fbem-24778	65	14	2018	2018	NUM
fbem-24778	65	15	,	,	PUNCT
fbem-24778	65	16	the	the	DET
fbem-24778	65	17	return	return	NOUN
fbem-24778	65	18	on	on	ADP
fbem-24778	65	19	equity	equity	NOUN
fbem-24778	65	20	of	of	ADP
fbem-24778	65	21	luzhou	luzhou	ADJ
fbem-24778	65	22	laojiao	laojiao	NOUN
fbem-24778	65	23	gradually	gradually	ADV
fbem-24778	65	24	increased	increase	VERB
fbem-24778	65	25	from	from	ADP
fbem-24778	65	26	19.02	19.02	NUM
fbem-24778	65	27	%	%	NOUN
fbem-24778	65	28	to	to	ADP
fbem-24778	65	29	26.88	26.88	NUM
fbem-24778	65	30	%	%	NOUN
fbem-24778	65	31	,	,	PUNCT
fbem-24778	65	32	and	and	CCONJ
fbem-24778	65	33	exceeded	exceed	VERB
fbem-24778	65	34	the	the	DET
fbem-24778	65	35	return	return	NOUN
fbem-24778	65	36	on	on	ADP
fbem-24778	65	37	equity	equity	NOUN
fbem-24778	65	38	of	of	ADP
fbem-24778	65	39	wuliangye	wuliangye	NOUN
fbem-24778	65	40	in	in	ADP
fbem-24778	65	41	the	the	DET
fbem-24778	65	42	same	same	ADJ
fbem-24778	65	43	period	period	NOUN
fbem-24778	65	44	however	however	ADV
fbem-24778	65	45	,	,	PUNCT
fbem-24778	65	46	in	in	ADP
fbem-24778	65	47	2018	2018	NUM
fbem-24778	65	48	,	,	PUNCT
fbem-24778	65	49	wuliangye	wuliangye	NOUN
fbem-24778	65	50	and	and	CCONJ
fbem-24778	65	51	luzhou	luzhou	ADJ
fbem-24778	65	52	laojiao	laojiao	NOUN
fbem-24778	65	53	began	begin	VERB
fbem-24778	65	54	to	to	PART
fbem-24778	65	55	carry	carry	VERB
fbem-24778	65	56	out	out	ADP
fbem-24778	65	57	digital	digital	ADJ
fbem-24778	65	58	transformation	transformation	NOUN
fbem-24778	65	59	in	in	ADP
fbem-24778	65	60	the	the	DET
fbem-24778	65	61	same	same	ADJ
fbem-24778	65	62	year	year	NOUN
fbem-24778	65	63	,	,	PUNCT
fbem-24778	65	64	resulting	result	VERB
fbem-24778	65	65	in	in	ADP
fbem-24778	65	66	the	the	DET
fbem-24778	65	67	return	return	NOUN
fbem-24778	65	68	on	on	ADP
fbem-24778	65	69	net	net	ADJ
fbem-24778	65	70	assets	asset	NOUN
fbem-24778	65	71	of	of	ADP
fbem-24778	65	72	wuliangye	wuliangye	NOUN
fbem-24778	65	73	and	and	CCONJ
fbem-24778	65	74	luzhou	luzhou	ADJ
fbem-24778	65	75	laojiao	laojiao	NOUN
fbem-24778	65	76	,	,	PUNCT
fbem-24778	65	77	and	and	CCONJ
fbem-24778	65	78	the	the	DET
fbem-24778	65	79	economic	economic	ADJ
fbem-24778	65	80	benefits	benefit	NOUN
fbem-24778	65	81	continued	continue	VERB
fbem-24778	65	82	to	to	PART
fbem-24778	65	83	improve	improve	VERB
fbem-24778	65	84	.	.	PUNCT
fbem-24778	66	1	during	during	ADP
fbem-24778	66	2	the	the	DET
fbem-24778	66	3	five	five	NUM
fbem-24778	66	4	-	-	PUNCT
fbem-24778	66	5	year	year	NOUN
fbem-24778	66	6	period	period	NOUN
fbem-24778	66	7	from	from	ADP
fbem-24778	66	8	2018	2018	NUM
fbem-24778	66	9	to	to	ADP
fbem-24778	66	10	2022	2022	NUM
fbem-24778	66	11	,	,	PUNCT
fbem-24778	66	12	the	the	DET
fbem-24778	66	13	average	average	ADJ
fbem-24778	66	14	return	return	NOUN
fbem-24778	66	15	on	on	ADP
fbem-24778	66	16	equity	equity	NOUN
fbem-24778	66	17	of	of	ADP
fbem-24778	66	18	luzhou	luzhou	ADJ
fbem-24778	66	19	laojiao	laojiao	NOUN
fbem-24778	66	20	reached	reach	VERB
fbem-24778	66	21	27.82	27.82	NUM
fbem-24778	66	22	%	%	NOUN
fbem-24778	66	23	;	;	PUNCT
fbem-24778	66	24	in	in	ADP
fbem-24778	66	25	the	the	DET
fbem-24778	66	26	three	three	NUM
fbem-24778	66	27	-	-	PUNCT
fbem-24778	66	28	year	year	NOUN
fbem-24778	66	29	period	period	NOUN
fbem-24778	66	30	from	from	ADP
fbem-24778	66	31	2020	2020	NUM
fbem-24778	66	32	to	to	ADP
fbem-24778	66	33	2022	2022	NUM
fbem-24778	66	34	,	,	PUNCT
fbem-24778	66	35	the	the	DET
fbem-24778	66	36	average	average	ADJ
fbem-24778	66	37	return	return	NOUN
fbem-24778	66	38	on	on	ADP
fbem-24778	66	39	equity	equity	NOUN
fbem-24778	66	40	of	of	ADP
fbem-24778	66	41	luzhou	luzhou	ADJ
fbem-24778	66	42	laojiao	laojiao	NOUN
fbem-24778	66	43	reached	reach	VERB
fbem-24778	66	44	30.71	30.71	NUM
fbem-24778	66	45	%	%	NOUN
fbem-24778	66	46	.	.	PUNCT
fbem-24778	67	1	moreover	moreover	ADV
fbem-24778	67	2	,	,	PUNCT
fbem-24778	67	3	in	in	ADP
fbem-24778	67	4	2022	2022	NUM
fbem-24778	67	5	,	,	PUNCT
fbem-24778	67	6	the	the	DET
fbem-24778	67	7	return	return	NOUN
fbem-24778	67	8	on	on	ADP
fbem-24778	67	9	equity	equity	NOUN
fbem-24778	67	10	of	of	ADP
fbem-24778	67	11	luzhou	luzhou	ADJ
fbem-24778	67	12	laojiao	laojiao	NOUN
fbem-24778	67	13	ranked	rank	VERB
fbem-24778	67	14	the	the	DET
fbem-24778	67	15	third	third	NOUN
fbem-24778	67	16	among	among	ADP
fbem-24778	67	17	the	the	DET
fbem-24778	67	18	20	20	NUM
fbem-24778	67	19	listed	listed	ADJ
fbem-24778	67	20	liquor	liquor	NOUN
fbem-24778	67	21	enterprises	enterprise	NOUN
fbem-24778	67	22	.	.	PUNCT
fbem-24778	68	1	this	this	PRON
fbem-24778	68	2	also	also	ADV
fbem-24778	68	3	benefits	benefit	VERB
fbem-24778	68	4	from	from	ADP
fbem-24778	68	5	luzhou	luzhou	PROPN
fbem-24778	68	6	laojiao	laojiao	NOUN
fbem-24778	68	7	's	's	PART
fbem-24778	68	8	continuous	continuous	ADJ
fbem-24778	68	9	promotion	promotion	NOUN
fbem-24778	68	10	of	of	ADP
fbem-24778	68	11	production	production	NOUN
fbem-24778	68	12	management	management	NOUN
fbem-24778	68	13	mode	mode	NOUN
fbem-24778	68	14	reform	reform	NOUN
fbem-24778	68	15	,	,	PUNCT
fbem-24778	68	16	the	the	DET
fbem-24778	68	17	use	use	NOUN
fbem-24778	68	18	of	of	ADP
fbem-24778	68	19	digital	digital	ADJ
fbem-24778	68	20	technology	technology	NOUN
fbem-24778	68	21	to	to	PART
fbem-24778	68	22	save	save	VERB
fbem-24778	68	23	production	production	NOUN
fbem-24778	68	24	costs	cost	NOUN
fbem-24778	68	25	,	,	PUNCT
fbem-24778	68	26	and	and	CCONJ
fbem-24778	68	27	actively	actively	ADV
fbem-24778	68	28	carry	carry	VERB
fbem-24778	68	29	out	out	ADP
fbem-24778	68	30	marketing	market	VERB
fbem-24778	68	31	digital	digital	ADJ
fbem-24778	68	32	construction	construction	NOUN
fbem-24778	68	33	,	,	PUNCT
fbem-24778	68	34	so	so	SCONJ
fbem-24778	68	35	as	as	SCONJ
fbem-24778	68	36	to	to	PART
fbem-24778	68	37	achieve	achieve	VERB
fbem-24778	68	38	the	the	DET
fbem-24778	68	39	purpose	purpose	NOUN
fbem-24778	68	40	of	of	ADP
fbem-24778	68	41	reducing	reduce	VERB
fbem-24778	68	42	costs	cost	NOUN
fbem-24778	68	43	,	,	PUNCT
fbem-24778	68	44	improving	improve	VERB
fbem-24778	68	45	efficiency	efficiency	NOUN
fbem-24778	68	46	,	,	PUNCT
fbem-24778	68	47	and	and	CCONJ
fbem-24778	68	48	promoting	promote	VERB
fbem-24778	68	49	profitability	profitability	NOUN
fbem-24778	68	50	.	.	PUNCT
fbem-24778	69	1	this	this	PRON
fbem-24778	69	2	also	also	ADV
fbem-24778	69	3	proves	prove	VERB
fbem-24778	69	4	that	that	SCONJ
fbem-24778	69	5	luzhou	luzhou	ADJ
fbem-24778	69	6	laojiao	laojiao	NOUN
fbem-24778	69	7	can	can	AUX
fbem-24778	69	8	obtain	obtain	VERB
fbem-24778	69	9	relatively	relatively	ADV
fbem-24778	69	10	stable	stable	ADJ
fbem-24778	69	11	profits	profit	NOUN
fbem-24778	69	12	after	after	ADP
fbem-24778	69	13	digital	digital	ADJ
fbem-24778	69	14	transformation	transformation	NOUN
fbem-24778	69	15	,	,	PUNCT
fbem-24778	69	16	and	and	CCONJ
fbem-24778	69	17	its	its	PRON
fbem-24778	69	18	profitability	profitability	NOUN
fbem-24778	69	19	is	be	AUX
fbem-24778	69	20	constantly	constantly	ADV
fbem-24778	69	21	developing	develop	VERB
fbem-24778	69	22	positively	positively	ADV
fbem-24778	69	23	.	.	PUNCT
fbem-24778	70	1	figure	figure	VERB
fbem-24778	70	2	3	3	NUM
fbem-24778	70	3	-	-	SYM
fbem-24778	70	4	2	2	NUM
fbem-24778	70	5	.	.	PUNCT
fbem-24778	70	6	comparative	comparative	ADJ
fbem-24778	70	7	analysis	analysis	NOUN
fbem-24778	70	8	of	of	ADP
fbem-24778	70	9	return	return	NOUN
fbem-24778	70	10	on	on	ADP
fbem-24778	70	11	equity	equity	NOUN
fbem-24778	70	12	table	table	NOUN
fbem-24778	70	13	3	3	NUM
fbem-24778	70	14	-	-	SYM
fbem-24778	70	15	1	1	NUM
fbem-24778	70	16	.	.	PUNCT
fbem-24778	70	17	comparative	comparative	ADJ
fbem-24778	70	18	analysis	analysis	NOUN
fbem-24778	70	19	of	of	ADP
fbem-24778	70	20	gross	gross	ADJ
fbem-24778	70	21	margin	margin	NOUN
fbem-24778	70	22	(	(	PUNCT
fbem-24778	70	23	%	%	INTJ
fbem-24778	70	24	)	)	PUNCT
fbem-24778	70	25	2016	2016	NUM
fbem-24778	70	26	year	year	NOUN
fbem-24778	70	27	2017year	2017year	NUM
fbem-24778	70	28	2018	2018	NUM
fbem-24778	70	29	year	year	NOUN
fbem-24778	70	30	2019	2019	NUM
fbem-24778	70	31	year	year	NOUN
fbem-24778	70	32	2020	2020	NUM
fbem-24778	70	33	year	year	NOUN
fbem-24778	70	34	2021	2021	NUM
fbem-24778	70	35	year	year	NOUN
fbem-24778	70	36	2022	2022	NUM
fbem-24778	70	37	year	year	NOUN
fbem-24778	70	38	moutai	moutai	NOUN
fbem-24778	70	39	91.23	91.23	NUM
fbem-24778	70	40	89.8	89.8	NUM
fbem-24778	70	41	91	91	NUM
fbem-24778	70	42	.	.	PUNCT
fbem-24778	71	1	14	14	NUM
fbem-24778	71	2	91.3	91.3	NUM
fbem-24778	71	3	91.41	91.41	NUM
fbem-24778	71	4	91.54	91.54	NUM
fbem-24778	71	5	91.87	91.87	NUM
fbem-24778	71	6	wuliangye	wuliangye	NOUN
fbem-24778	71	7	70.20	70.20	NUM
fbem-24778	71	8	72.01	72.01	NUM
fbem-24778	71	9	73.80	73.80	NUM
fbem-24778	71	10	74.46	74.46	NUM
fbem-24778	71	11	74.16	74.16	NUM
fbem-24778	71	12	75.35	75.35	NUM
fbem-24778	71	13	75.42	75.42	NUM
fbem-24778	71	14	luzhou	luzhou	ADJ
fbem-24778	71	15	laojiao	laojiao	NOUN
fbem-24778	71	16	62.43	62.43	NUM
fbem-24778	71	17	71.93	71.93	NUM
fbem-24778	71	18	77.53	77.53	NUM
fbem-24778	71	19	80.62	80.62	NUM
fbem-24778	71	20	83.05	83.05	NUM
fbem-24778	71	21	85.7	85.7	NUM
fbem-24778	71	22	86.59	86.59	NUM
fbem-24778	71	23	gross	gross	ADJ
fbem-24778	71	24	profit	profit	NOUN
fbem-24778	71	25	margin	margin	NOUN
fbem-24778	71	26	plays	play	VERB
fbem-24778	71	27	a	a	DET
fbem-24778	71	28	crucial	crucial	ADJ
fbem-24778	71	29	role	role	NOUN
fbem-24778	71	30	in	in	ADP
fbem-24778	71	31	enterprises	enterprise	NOUN
fbem-24778	71	32	.	.	PUNCT
fbem-24778	72	1	it	it	PRON
fbem-24778	72	2	not	not	PART
fbem-24778	72	3	only	only	ADV
fbem-24778	72	4	reflects	reflect	VERB
fbem-24778	72	5	the	the	DET
fbem-24778	72	6	profitability	profitability	NOUN
fbem-24778	72	7	of	of	ADP
fbem-24778	72	8	enterprises	enterprise	NOUN
fbem-24778	72	9	,	,	PUNCT
fbem-24778	72	10	but	but	CCONJ
fbem-24778	72	11	also	also	ADV
fbem-24778	72	12	affects	affect	VERB
fbem-24778	72	13	the	the	DET
fbem-24778	72	14	operation	operation	NOUN
fbem-24778	72	15	and	and	CCONJ
fbem-24778	72	16	development	development	NOUN
fbem-24778	72	17	of	of	ADP
fbem-24778	72	18	enterprises	enterprise	NOUN
fbem-24778	72	19	in	in	ADP
fbem-24778	72	20	many	many	ADJ
fbem-24778	72	21	aspects	aspect	NOUN
fbem-24778	72	22	.	.	PUNCT
fbem-24778	73	1	by	by	ADP
fbem-24778	73	2	calculating	calculate	VERB
fbem-24778	73	3	the	the	DET
fbem-24778	73	4	percentage	percentage	NOUN
fbem-24778	73	5	of	of	ADP
fbem-24778	73	6	the	the	DET
fbem-24778	73	7	difference	difference	NOUN
fbem-24778	73	8	between	between	ADP
fbem-24778	73	9	sales	sale	NOUN
fbem-24778	73	10	revenue	revenue	NOUN
fbem-24778	73	11	and	and	CCONJ
fbem-24778	73	12	cost	cost	NOUN
fbem-24778	73	13	in	in	ADP
fbem-24778	73	14	sales	sale	NOUN
fbem-24778	73	15	revenue	revenue	NOUN
fbem-24778	73	16	,	,	PUNCT
fbem-24778	73	17	we	we	PRON
fbem-24778	73	18	can	can	AUX
fbem-24778	73	19	intuitively	intuitively	ADV
fbem-24778	73	20	understand	understand	VERB
fbem-24778	73	21	the	the	DET
fbem-24778	73	22	profitability	profitability	NOUN
fbem-24778	73	23	level	level	NOUN
fbem-24778	73	24	of	of	ADP
fbem-24778	73	25	enterprises	enterprise	NOUN
fbem-24778	73	26	after	after	ADP
fbem-24778	73	27	deducting	deduct	VERB
fbem-24778	73	28	direct	direct	ADJ
fbem-24778	73	29	costs	cost	NOUN
fbem-24778	73	30	.	.	PUNCT
fbem-24778	74	1	in	in	ADP
fbem-24778	74	2	2016	2016	NUM
fbem-24778	74	3	and	and	CCONJ
fbem-24778	74	4	2017	2017	NUM
fbem-24778	74	5	,	,	PUNCT
fbem-24778	74	6	the	the	DET
fbem-24778	74	7	gross	gross	ADJ
fbem-24778	74	8	profit	profit	NOUN
fbem-24778	74	9	margin	margin	NOUN
fbem-24778	74	10	of	of	ADP
fbem-24778	74	11	luzhou	luzhou	ADJ
fbem-24778	74	12	laojiao	laojiao	NOUN
fbem-24778	74	13	was	be	AUX
fbem-24778	74	14	slightly	slightly	ADV
fbem-24778	74	15	lower	low	ADJ
fbem-24778	74	16	than	than	ADP
fbem-24778	74	17	the	the	DET
fbem-24778	74	18	industry	industry	NOUN
fbem-24778	74	19	average	average	NOUN
fbem-24778	74	20	of	of	ADP
fbem-24778	74	21	71.05	71.05	NUM
fbem-24778	74	22	%	%	NOUN
fbem-24778	74	23	and	and	CCONJ
fbem-24778	74	24	73.89	73.89	NUM
fbem-24778	74	25	%	%	NOUN
fbem-24778	74	26	,	,	PUNCT
fbem-24778	74	27	respectively	respectively	ADV
fbem-24778	74	28	,	,	PUNCT
fbem-24778	74	29	but	but	CCONJ
fbem-24778	74	30	began	begin	VERB
fbem-24778	74	31	to	to	PART
fbem-24778	74	32	surpass	surpass	VERB
fbem-24778	74	33	after	after	ADP
fbem-24778	74	34	2018	2018	NUM
fbem-24778	74	35	.	.	PUNCT
fbem-24778	75	1	although	although	SCONJ
fbem-24778	75	2	the	the	DET
fbem-24778	75	3	overall	overall	ADJ
fbem-24778	75	4	gross	gross	ADJ
fbem-24778	75	5	profit	profit	NOUN
fbem-24778	75	6	margin	margin	NOUN
fbem-24778	75	7	of	of	ADP
fbem-24778	75	8	the	the	DET
fbem-24778	75	9	liquor	liquor	NOUN
fbem-24778	75	10	industry	industry	NOUN
fbem-24778	75	11	is	be	AUX
fbem-24778	75	12	generally	generally	ADV
fbem-24778	75	13	high	high	ADJ
fbem-24778	75	14	,	,	PUNCT
fbem-24778	75	15	the	the	DET
fbem-24778	75	16	gross	gross	ADJ
fbem-24778	75	17	rofit	rofit	NOUN
fbem-24778	75	18	margin	margin	NOUN
fbem-24778	75	19	of	of	ADP
fbem-24778	75	20	kweichow	kweichow	PROPN
fbem-24778	75	21	moutai	moutai	NOUN
fbem-24778	75	22	and	and	CCONJ
fbem-24778	75	23	wuliangye	wuliangye	PROPN
fbem-24778	75	24	,	,	PUNCT
fbem-24778	75	25	which	which	PRON
fbem-24778	75	26	are	be	AUX
fbem-24778	75	27	the	the	DET
fbem-24778	75	28	leaders	leader	NOUN
fbem-24778	75	29	in	in	ADP
fbem-24778	75	30	the	the	DET
fbem-24778	75	31	liquor	liquor	NOUN
fbem-24778	75	32	industry	industry	NOUN
fbem-24778	75	33	,	,	PUNCT
fbem-24778	75	34	in	in	ADP
fbem-24778	75	35	2022	2022	NUM
fbem-24778	75	36	is	be	AUX
fbem-24778	75	37	91.87	91.87	NUM
fbem-24778	75	38	%	%	NOUN
fbem-24778	75	39	and	and	CCONJ
fbem-24778	75	40	75.42	75.42	NUM
fbem-24778	75	41	%	%	NOUN
fbem-24778	75	42	respectively	respectively	ADV
fbem-24778	75	43	,	,	PUNCT
fbem-24778	75	44	while	while	SCONJ
fbem-24778	75	45	that	that	PRON
fbem-24778	75	46	of	of	ADP
fbem-24778	75	47	luzhou	luzhou	ADJ
fbem-24778	75	48	laojiao	laojiao	NOUN
fbem-24778	75	49	reaches	reach	VERB
fbem-24778	75	50	86.59	86.59	NUM
fbem-24778	75	51	%	%	NOUN
fbem-24778	75	52	,	,	PUNCT
fbem-24778	75	53	surpassing	surpass	VERB
fbem-24778	75	54	that	that	PRON
fbem-24778	75	55	of	of	ADP
fbem-24778	75	56	wuliangye	wuliangye	NOUN
fbem-24778	75	57	.	.	PUNCT
fbem-24778	76	1	as	as	SCONJ
fbem-24778	76	2	shown	show	VERB
fbem-24778	76	3	in	in	ADP
fbem-24778	76	4	table	table	NOUN
fbem-24778	76	5	3	3	NUM
fbem-24778	76	6	-	-	SYM
fbem-24778	76	7	1	1	NUM
fbem-24778	76	8	,	,	PUNCT
fbem-24778	76	9	we	we	PRON
fbem-24778	76	10	can	can	AUX
fbem-24778	76	11	see	see	VERB
fbem-24778	76	12	that	that	SCONJ
fbem-24778	76	13	the	the	DET
fbem-24778	76	14	gross	gross	ADJ
fbem-24778	76	15	profit	profit	NOUN
fbem-24778	76	16	margin	margin	NOUN
fbem-24778	76	17	of	of	ADP
fbem-24778	76	18	luzhou	luzhou	ADJ
fbem-24778	76	19	laojiao	laojiao	NOUN
fbem-24778	76	20	has	have	AUX
fbem-24778	76	21	been	be	AUX
fbem-24778	76	22	exceeding	exceed	VERB
fbem-24778	76	23	that	that	PRON
fbem-24778	76	24	of	of	ADP
fbem-24778	76	25	wuliangye	wuliangye	NOUN
fbem-24778	76	26	,	,	PUNCT
fbem-24778	76	27	the	the	DET
fbem-24778	76	28	second	second	ADV
fbem-24778	76	29	largest	large	ADJ
fbem-24778	76	30	company	company	NOUN
fbem-24778	76	31	in	in	ADP
fbem-24778	76	32	the	the	DET
fbem-24778	76	33	industry	industry	NOUN
fbem-24778	76	34	,	,	PUNCT
fbem-24778	76	35	since	since	SCONJ
fbem-24778	76	36	2018	2018	NUM
fbem-24778	76	37	,	,	PUNCT
fbem-24778	76	38	and	and	CCONJ
fbem-24778	76	39	is	be	AUX
fbem-24778	76	40	constantly	constantly	ADV
fbem-24778	76	41	approaching	approach	VERB
fbem-24778	76	42	kweichow	kweichow	ADV
fbem-24778	76	43	moutai	moutai	NOUN
fbem-24778	76	44	,	,	PUNCT
fbem-24778	76	45	whose	whose	DET
fbem-24778	76	46	gross	gross	ADJ
fbem-24778	76	47	profit	profit	NOUN
fbem-24778	76	48	margin	margin	NOUN
fbem-24778	76	49	has	have	AUX
fbem-24778	76	50	reached	reach	VERB
fbem-24778	76	51	the	the	DET
fbem-24778	76	52	second	second	ADV
fbem-24778	76	53	-	-	PUNCT
fbem-24778	76	54	best	good	ADJ
fbem-24778	76	55	level	level	NOUN
fbem-24778	76	56	in	in	ADP
fbem-24778	76	57	the	the	DET
fbem-24778	76	58	industry	industry	NOUN
fbem-24778	76	59	.	.	PUNCT
fbem-24778	77	1	3.2	3.2	NUM
fbem-24778	77	2	.	.	PUNCT
fbem-24778	78	1	the	the	DET
fbem-24778	78	2	impact	impact	NOUN
fbem-24778	78	3	on	on	ADP
fbem-24778	78	4	the	the	DET
fbem-24778	78	5	solvency	solvency	NOUN
fbem-24778	78	6	of	of	ADP
fbem-24778	78	7	enterprises	enterprise	NOUN
fbem-24778	78	8	figure	figure	VERB
fbem-24778	78	9	3	3	NUM
fbem-24778	78	10	-	-	SYM
fbem-24778	78	11	3	3	NUM
fbem-24778	78	12	.	.	PUNCT
fbem-24778	78	13	comparative	comparative	ADJ
fbem-24778	78	14	analysis	analysis	NOUN
fbem-24778	78	15	of	of	ADP
fbem-24778	78	16	current	current	ADJ
fbem-24778	78	17	ratio	ratio	NOUN
fbem-24778	78	18	373	373	NUM
fbem-24778	78	19	figure	figure	NOUN
fbem-24778	78	20	3	3	NUM
fbem-24778	78	21	-	-	SYM
fbem-24778	78	22	4	4	NUM
fbem-24778	78	23	.	.	PUNCT
fbem-24778	78	24	comparative	comparative	ADJ
fbem-24778	78	25	analysis	analysis	NOUN
fbem-24778	78	26	of	of	ADP
fbem-24778	78	27	quick	quick	ADJ
fbem-24778	78	28	ratio	ratio	NOUN
fbem-24778	78	29	figures	figure	NOUN
fbem-24778	78	30	3	3	NUM
fbem-24778	78	31	-	-	SYM
fbem-24778	78	32	3	3	NUM
fbem-24778	78	33	and	and	CCONJ
fbem-24778	78	34	3	3	NUM
fbem-24778	78	35	-	-	SYM
fbem-24778	78	36	4	4	NUM
fbem-24778	78	37	reflect	reflect	VERB
fbem-24778	78	38	the	the	DET
fbem-24778	78	39	changes	change	NOUN
fbem-24778	78	40	of	of	ADP
fbem-24778	78	41	relevant	relevant	ADJ
fbem-24778	78	42	indicators	indicator	NOUN
fbem-24778	78	43	of	of	ADP
fbem-24778	78	44	luzhou	luzhou	PROPN
fbem-24778	78	45	laojiao	laojiao	NOUN
fbem-24778	78	46	's	's	PART
fbem-24778	78	47	solvency	solvency	NOUN
fbem-24778	78	48	from	from	ADP
fbem-24778	78	49	2016	2016	NUM
fbem-24778	78	50	to	to	ADP
fbem-24778	78	51	2022	2022	NUM
fbem-24778	78	52	.	.	PUNCT
fbem-24778	79	1	it	it	PRON
fbem-24778	79	2	can	can	AUX
fbem-24778	79	3	be	be	AUX
fbem-24778	79	4	seen	see	VERB
fbem-24778	79	5	that	that	SCONJ
fbem-24778	79	6	the	the	DET
fbem-24778	79	7	current	current	ADJ
fbem-24778	79	8	ratio	ratio	NOUN
fbem-24778	79	9	and	and	CCONJ
fbem-24778	79	10	quick	quick	ADJ
fbem-24778	79	11	ratio	ratio	NOUN
fbem-24778	79	12	of	of	ADP
fbem-24778	79	13	luzhou	luzhou	ADJ
fbem-24778	79	14	laojiao	laojiao	NOUN
fbem-24778	79	15	reached	reach	VERB
fbem-24778	79	16	the	the	DET
fbem-24778	79	17	peak	peak	NOUN
fbem-24778	79	18	of	of	ADP
fbem-24778	79	19	3.93	3.93	NUM
fbem-24778	79	20	and	and	CCONJ
fbem-24778	79	21	2.82	2.82	NUM
fbem-24778	79	22	in	in	ADP
fbem-24778	79	23	2016	2016	NUM
fbem-24778	79	24	.	.	PUNCT
fbem-24778	80	1	due	due	ADP
fbem-24778	80	2	to	to	ADP
fbem-24778	80	3	the	the	DET
fbem-24778	80	4	particularity	particularity	NOUN
fbem-24778	80	5	of	of	ADP
fbem-24778	80	6	the	the	DET
fbem-24778	80	7	liquor	liquor	NOUN
fbem-24778	80	8	industry	industry	NOUN
fbem-24778	80	9	,	,	PUNCT
fbem-24778	80	10	most	most	ADJ
fbem-24778	80	11	enterprises	enterprise	NOUN
fbem-24778	80	12	have	have	VERB
fbem-24778	80	13	rich	rich	ADJ
fbem-24778	80	14	cash	cash	NOUN
fbem-24778	80	15	flow	flow	NOUN
fbem-24778	80	16	,	,	PUNCT
fbem-24778	80	17	so	so	CCONJ
fbem-24778	80	18	the	the	DET
fbem-24778	80	19	debt	debt	NOUN
fbem-24778	80	20	ratio	ratio	NOUN
fbem-24778	80	21	of	of	ADP
fbem-24778	80	22	the	the	DET
fbem-24778	80	23	liquor	liquor	NOUN
fbem-24778	80	24	industry	industry	NOUN
fbem-24778	80	25	is	be	AUX
fbem-24778	80	26	generally	generally	ADV
fbem-24778	80	27	low	low	ADJ
fbem-24778	80	28	.	.	PUNCT
fbem-24778	81	1	however	however	ADV
fbem-24778	81	2	,	,	PUNCT
fbem-24778	81	3	too	too	ADV
fbem-24778	81	4	high	high	ADJ
fbem-24778	81	5	current	current	ADJ
fbem-24778	81	6	ratio	ratio	NOUN
fbem-24778	81	7	and	and	CCONJ
fbem-24778	81	8	quick	quick	ADJ
fbem-24778	81	9	ratio	ratio	NOUN
fbem-24778	81	10	reflect	reflect	VERB
fbem-24778	81	11	that	that	SCONJ
fbem-24778	81	12	enterprises	enterprise	NOUN
fbem-24778	81	13	do	do	AUX
fbem-24778	81	14	not	not	PART
fbem-24778	81	15	make	make	VERB
fbem-24778	81	16	rational	rational	ADJ
fbem-24778	81	17	use	use	NOUN
fbem-24778	81	18	of	of	ADP
fbem-24778	81	19	idle	idle	ADJ
fbem-24778	81	20	funds	fund	NOUN
fbem-24778	81	21	and	and	CCONJ
fbem-24778	81	22	miss	miss	VERB
fbem-24778	81	23	more	more	ADJ
fbem-24778	81	24	profit	profit	NOUN
fbem-24778	81	25	opportunities	opportunity	NOUN
fbem-24778	81	26	.	.	PUNCT
fbem-24778	82	1	from	from	ADP
fbem-24778	82	2	2017	2017	NUM
fbem-24778	82	3	to	to	ADP
fbem-24778	82	4	2019	2019	NUM
fbem-24778	82	5	,	,	PUNCT
fbem-24778	82	6	the	the	DET
fbem-24778	82	7	liquidity	liquidity	NOUN
fbem-24778	82	8	ratio	ratio	NOUN
fbem-24778	82	9	and	and	CCONJ
fbem-24778	82	10	quick	quick	ADJ
fbem-24778	82	11	ratio	ratio	NOUN
fbem-24778	82	12	of	of	ADP
fbem-24778	82	13	luzhou	luzhou	ADJ
fbem-24778	82	14	laojiao	laojiao	NOUN
fbem-24778	82	15	showed	show	VERB
fbem-24778	82	16	a	a	DET
fbem-24778	82	17	downward	downward	ADJ
fbem-24778	82	18	trend	trend	NOUN
fbem-24778	82	19	,	,	PUNCT
fbem-24778	82	20	indicating	indicate	VERB
fbem-24778	82	21	to	to	ADP
fbem-24778	82	22	some	some	DET
fbem-24778	82	23	extent	extent	NOUN
fbem-24778	82	24	that	that	SCONJ
fbem-24778	82	25	the	the	DET
fbem-24778	82	26	enterprise	enterprise	NOUN
fbem-24778	82	27	began	begin	VERB
fbem-24778	82	28	to	to	PART
fbem-24778	82	29	pay	pay	VERB
fbem-24778	82	30	attention	attention	NOUN
fbem-24778	82	31	to	to	ADP
fbem-24778	82	32	the	the	DET
fbem-24778	82	33	utilization	utilization	NOUN
fbem-24778	82	34	of	of	ADP
fbem-24778	82	35	idle	idle	ADJ
fbem-24778	82	36	funds	fund	NOUN
fbem-24778	82	37	.	.	PUNCT
fbem-24778	83	1	after	after	ADP
fbem-24778	83	2	2019	2019	NUM
fbem-24778	83	3	,	,	PUNCT
fbem-24778	83	4	these	these	DET
fbem-24778	83	5	two	two	NUM
fbem-24778	83	6	indicators	indicator	NOUN
fbem-24778	83	7	of	of	ADP
fbem-24778	83	8	luzhou	luzhou	ADJ
fbem-24778	83	9	laojiao	laojiao	NOUN
fbem-24778	83	10	have	have	AUX
fbem-24778	83	11	basically	basically	ADV
fbem-24778	83	12	maintained	maintain	VERB
fbem-24778	83	13	a	a	DET
fbem-24778	83	14	stable	stable	ADJ
fbem-24778	83	15	range	range	NOUN
fbem-24778	83	16	of	of	ADP
fbem-24778	83	17	2.5	2.5	NUM
fbem-24778	83	18	and	and	CCONJ
fbem-24778	83	19	1.8	1.8	NUM
fbem-24778	83	20	.	.	PUNCT
fbem-24778	84	1	according	accord	VERB
fbem-24778	84	2	to	to	ADP
fbem-24778	84	3	relevant	relevant	ADJ
fbem-24778	84	4	data	datum	NOUN
fbem-24778	84	5	,	,	PUNCT
fbem-24778	84	6	after	after	ADP
fbem-24778	84	7	2019	2019	NUM
fbem-24778	84	8	,	,	PUNCT
fbem-24778	84	9	the	the	DET
fbem-24778	84	10	current	current	ADJ
fbem-24778	84	11	ratio	ratio	NOUN
fbem-24778	84	12	of	of	ADP
fbem-24778	84	13	luzhou	luzhou	ADJ
fbem-24778	84	14	laojiao	laojiao	NOUN
fbem-24778	84	15	is	be	AUX
fbem-24778	84	16	basically	basically	ADV
fbem-24778	84	17	the	the	DET
fbem-24778	84	18	same	same	ADJ
fbem-24778	84	19	as	as	ADP
fbem-24778	84	20	the	the	DET
fbem-24778	84	21	average	average	NOUN
fbem-24778	84	22	of	of	ADP
fbem-24778	84	23	the	the	DET
fbem-24778	84	24	industry	industry	NOUN
fbem-24778	84	25	,	,	PUNCT
fbem-24778	84	26	while	while	SCONJ
fbem-24778	84	27	the	the	DET
fbem-24778	84	28	quick	quick	ADJ
fbem-24778	84	29	ratio	ratio	NOUN
fbem-24778	84	30	is	be	AUX
fbem-24778	84	31	lower	low	ADJ
fbem-24778	84	32	than	than	ADP
fbem-24778	84	33	the	the	DET
fbem-24778	84	34	average	average	NOUN
fbem-24778	84	35	of	of	ADP
fbem-24778	84	36	the	the	DET
fbem-24778	84	37	industry	industry	NOUN
fbem-24778	84	38	,	,	PUNCT
fbem-24778	84	39	reflecting	reflect	VERB
fbem-24778	84	40	the	the	DET
fbem-24778	84	41	situation	situation	NOUN
fbem-24778	84	42	that	that	SCONJ
fbem-24778	84	43	there	there	PRON
fbem-24778	84	44	is	be	VERB
fbem-24778	84	45	a	a	DET
fbem-24778	84	46	large	large	ADJ
fbem-24778	84	47	amount	amount	NOUN
fbem-24778	84	48	of	of	ADP
fbem-24778	84	49	inventory	inventory	NOUN
fbem-24778	84	50	in	in	ADP
fbem-24778	84	51	the	the	DET
fbem-24778	84	52	current	current	ADJ
fbem-24778	84	53	assets	asset	NOUN
fbem-24778	84	54	of	of	ADP
fbem-24778	84	55	luzhou	luzhou	ADJ
fbem-24778	84	56	laojiao	laojiao	NOUN
fbem-24778	84	57	.	.	PUNCT
fbem-24778	85	1	by	by	ADP
fbem-24778	85	2	comparison	comparison	NOUN
fbem-24778	85	3	,	,	PUNCT
fbem-24778	85	4	it	it	PRON
fbem-24778	85	5	can	can	AUX
fbem-24778	85	6	be	be	AUX
fbem-24778	85	7	found	find	VERB
fbem-24778	85	8	that	that	SCONJ
fbem-24778	85	9	the	the	DET
fbem-24778	85	10	two	two	NUM
fbem-24778	85	11	indexes	index	NOUN
fbem-24778	85	12	of	of	ADP
fbem-24778	85	13	luzhou	luzhou	ADJ
fbem-24778	85	14	laojiao	laojiao	NOUN
fbem-24778	85	15	are	be	AUX
fbem-24778	85	16	lower	low	ADJ
fbem-24778	85	17	than	than	ADP
fbem-24778	85	18	those	those	PRON
fbem-24778	85	19	of	of	ADP
fbem-24778	85	20	maotai	maotai	PROPN
fbem-24778	85	21	and	and	CCONJ
fbem-24778	85	22	woliangye	woliangye	NOUN
fbem-24778	85	23	,	,	PUNCT
fbem-24778	85	24	indicating	indicate	VERB
fbem-24778	85	25	that	that	SCONJ
fbem-24778	85	26	the	the	DET
fbem-24778	85	27	enterprise	enterprise	NOUN
fbem-24778	85	28	is	be	AUX
fbem-24778	85	29	relatively	relatively	ADV
fbem-24778	85	30	weak	weak	ADJ
fbem-24778	85	31	in	in	ADP
fbem-24778	85	32	the	the	DET
fbem-24778	85	33	security	security	NOUN
fbem-24778	85	34	of	of	ADP
fbem-24778	85	35	immediate	immediate	ADJ
fbem-24778	85	36	debt	debt	NOUN
fbem-24778	85	37	repayment	repayment	NOUN
fbem-24778	85	38	,	,	PUNCT
fbem-24778	85	39	and	and	CCONJ
fbem-24778	85	40	luzhou	luzhou	ADJ
fbem-24778	85	41	laojiao	laojiao	NOUN
fbem-24778	85	42	should	should	AUX
fbem-24778	85	43	comprehensively	comprehensively	ADV
fbem-24778	85	44	strengthen	strengthen	VERB
fbem-24778	85	45	the	the	DET
fbem-24778	85	46	management	management	NOUN
fbem-24778	85	47	of	of	ADP
fbem-24778	85	48	inventory	inventory	NOUN
fbem-24778	85	49	and	and	CCONJ
fbem-24778	85	50	the	the	DET
fbem-24778	85	51	turnover	turnover	NOUN
fbem-24778	85	52	of	of	ADP
fbem-24778	85	53	receivables	receivables	NOUN
fbem-24778	85	54	[	[	X
fbem-24778	85	55	4	4	NUM
fbem-24778	85	56	]	]	PUNCT
fbem-24778	85	57	.	.	PUNCT
fbem-24778	86	1	in	in	ADP
fbem-24778	86	2	addition	addition	NOUN
fbem-24778	86	3	,	,	PUNCT
fbem-24778	86	4	luzhou	luzhou	ADJ
fbem-24778	86	5	laojiao	laojiao	NOUN
fbem-24778	86	6	has	have	AUX
fbem-24778	86	7	gradually	gradually	ADV
fbem-24778	86	8	carried	carry	VERB
fbem-24778	86	9	out	out	ADP
fbem-24778	86	10	digital	digital	ADJ
fbem-24778	86	11	transformation	transformation	NOUN
fbem-24778	86	12	projects	project	NOUN
fbem-24778	86	13	such	such	ADJ
fbem-24778	86	14	as	as	ADP
fbem-24778	86	15	the	the	DET
fbem-24778	86	16	huang	huang	PROPN
fbem-24778	86	17	brewing	brewing	PROPN
fbem-24778	86	18	ecological	ecological	ADJ
fbem-24778	86	19	park	park	NOUN
fbem-24778	86	20	and	and	CCONJ
fbem-24778	86	21	the	the	DET
fbem-24778	86	22	construction	construction	NOUN
fbem-24778	86	23	of	of	ADP
fbem-24778	86	24	internal	internal	ADJ
fbem-24778	86	25	medium	medium	NOUN
fbem-24778	86	26	and	and	CCONJ
fbem-24778	86	27	taiwan	taiwan	PROPN
fbem-24778	86	28	,	,	PUNCT
fbem-24778	86	29	which	which	PRON
fbem-24778	86	30	have	have	AUX
fbem-24778	86	31	cost	cost	VERB
fbem-24778	86	32	a	a	DET
fbem-24778	86	33	lot	lot	NOUN
fbem-24778	86	34	of	of	ADP
fbem-24778	86	35	funds	fund	NOUN
fbem-24778	86	36	and	and	CCONJ
fbem-24778	86	37	have	have	VERB
fbem-24778	86	38	certain	certain	ADJ
fbem-24778	86	39	short	short	ADJ
fbem-24778	86	40	-	-	PUNCT
fbem-24778	86	41	term	term	NOUN
fbem-24778	86	42	debt	debt	NOUN
fbem-24778	86	43	repayment	repayment	NOUN
fbem-24778	86	44	pressure	pressure	NOUN
fbem-24778	86	45	.	.	PUNCT
fbem-24778	87	1	although	although	SCONJ
fbem-24778	87	2	the	the	DET
fbem-24778	87	3	quick	quick	ADJ
fbem-24778	87	4	ratio	ratio	NOUN
fbem-24778	87	5	began	begin	VERB
fbem-24778	87	6	to	to	PART
fbem-24778	87	7	fall	fall	VERB
fbem-24778	87	8	below	below	ADP
fbem-24778	87	9	the	the	DET
fbem-24778	87	10	industry	industry	NOUN
fbem-24778	87	11	average	average	NOUN
fbem-24778	87	12	after	after	ADP
fbem-24778	87	13	2019	2019	NUM
fbem-24778	87	14	,	,	PUNCT
fbem-24778	87	15	the	the	DET
fbem-24778	87	16	short	short	ADJ
fbem-24778	87	17	-	-	PUNCT
fbem-24778	87	18	term	term	NOUN
fbem-24778	87	19	solvency	solvency	NOUN
fbem-24778	87	20	is	be	AUX
fbem-24778	87	21	still	still	ADV
fbem-24778	87	22	protected	protect	VERB
fbem-24778	87	23	as	as	SCONJ
fbem-24778	87	24	the	the	DET
fbem-24778	87	25	two	two	NUM
fbem-24778	87	26	short	short	ADJ
fbem-24778	87	27	-	-	PUNCT
fbem-24778	87	28	term	term	NOUN
fbem-24778	87	29	solvency	solvency	NOUN
fbem-24778	87	30	indicators	indicator	NOUN
fbem-24778	87	31	are	be	AUX
fbem-24778	87	32	still	still	ADV
fbem-24778	87	33	within	within	ADP
fbem-24778	87	34	a	a	DET
fbem-24778	87	35	healthy	healthy	ADJ
fbem-24778	87	36	range	range	NOUN
fbem-24778	87	37	.	.	PUNCT
fbem-24778	88	1	figure	figure	VERB
fbem-24778	88	2	3	3	NUM
fbem-24778	88	3	-	-	SYM
fbem-24778	88	4	5	5	NUM
fbem-24778	88	5	.	.	PUNCT
fbem-24778	88	6	comparative	comparative	ADJ
fbem-24778	88	7	analysis	analysis	NOUN
fbem-24778	88	8	of	of	ADP
fbem-24778	88	9	asset	asset	NOUN
fbem-24778	88	10	-	-	PUNCT
fbem-24778	88	11	liability	liability	NOUN
fbem-24778	88	12	ratio	ratio	NOUN
fbem-24778	88	13	table	table	NOUN
fbem-24778	88	14	3	3	NUM
fbem-24778	88	15	-	-	SYM
fbem-24778	88	16	2	2	NUM
fbem-24778	88	17	.	.	PUNCT
fbem-24778	88	18	comparison	comparison	NOUN
fbem-24778	88	19	of	of	ADP
fbem-24778	88	20	the	the	DET
fbem-24778	88	21	average	average	ADJ
fbem-24778	88	22	asset	asset	NOUN
fbem-24778	88	23	-	-	PUNCT
fbem-24778	88	24	liability	liability	NOUN
fbem-24778	88	25	ratio	ratio	NOUN
fbem-24778	88	26	between	between	ADP
fbem-24778	88	27	luzhou	luzhou	ADJ
fbem-24778	88	28	laojiao	laojiao	NOUN
fbem-24778	88	29	and	and	CCONJ
fbem-24778	88	30	the	the	DET
fbem-24778	88	31	industry	industry	NOUN
fbem-24778	88	32	2016	2016	NUM
fbem-24778	88	33	year	year	NOUN
fbem-24778	88	34	2017	2017	NUM
fbem-24778	88	35	year	year	NOUN
fbem-24778	88	36	2018	2018	NUM
fbem-24778	88	37	year	year	NOUN
fbem-24778	88	38	2019	2019	NUM
fbem-24778	88	39	year	year	NOUN
fbem-24778	88	40	2020	2020	NUM
fbem-24778	88	41	year	year	NOUN
fbem-24778	88	42	2021	2021	NUM
fbem-24778	88	43	year	year	NOUN
fbem-24778	88	44	2022	2022	NUM
fbem-24778	88	45	year	year	NOUN
fbem-24778	88	46	luzhou	luzhou	ADJ
fbem-24778	88	47	laojiao	laojiao	NOUN
fbem-24778	88	48	18.64	18.64	NUM
fbem-24778	88	49	%	%	NOUN
fbem-24778	88	50	22.49	22.49	NUM
fbem-24778	88	51	%	%	NOUN
fbem-24778	88	52	24.25	24.25	NUM
fbem-24778	88	53	%	%	NOUN
fbem-24778	88	54	32.38	32.38	NUM
fbem-24778	88	55	%	%	NOUN
fbem-24778	88	56	33.78	33.78	NUM
fbem-24778	88	57	%	%	NOUN
fbem-24778	88	58	34.89	34.89	NUM
fbem-24778	88	59	%	%	NOUN
fbem-24778	88	60	33.19	33.19	NUM
fbem-24778	88	61	%	%	NOUN
fbem-24778	88	62	industry	industry	NOUN
fbem-24778	88	63	average	average	ADJ
fbem-24778	88	64	32.88	32.88	NUM
fbem-24778	88	65	%	%	NOUN
fbem-24778	88	66	33.36	33.36	NUM
fbem-24778	88	67	%	%	NOUN
fbem-24778	88	68	32.60	32.60	NUM
fbem-24778	88	69	%	%	NOUN
fbem-24778	88	70	33.96	33.96	NUM
fbem-24778	88	71	%	%	NOUN
fbem-24778	88	72	32.16	32.16	NUM
fbem-24778	88	73	%	%	NOUN
fbem-24778	88	74	35.34	35.34	NUM
fbem-24778	88	75	%	%	NOUN
fbem-24778	88	76	34.17	34.17	NUM
fbem-24778	88	77	%	%	NOUN
fbem-24778	88	78	in	in	ADP
fbem-24778	88	79	terms	term	NOUN
fbem-24778	88	80	of	of	ADP
fbem-24778	88	81	reflecting	reflect	VERB
fbem-24778	88	82	long	long	ADJ
fbem-24778	88	83	-	-	PUNCT
fbem-24778	88	84	term	term	NOUN
fbem-24778	88	85	solvency	solvency	NOUN
fbem-24778	88	86	,	,	PUNCT
fbem-24778	88	87	it	it	PRON
fbem-24778	88	88	can	can	AUX
fbem-24778	88	89	be	be	AUX
fbem-24778	88	90	seen	see	VERB
fbem-24778	88	91	from	from	ADP
fbem-24778	88	92	the	the	DET
fbem-24778	88	93	comparison	comparison	NOUN
fbem-24778	88	94	of	of	ADP
fbem-24778	88	95	the	the	DET
fbem-24778	88	96	asset	asset	NOUN
fbem-24778	88	97	-	-	PUNCT
fbem-24778	88	98	liability	liability	NOUN
fbem-24778	88	99	ratio	ratio	NOUN
fbem-24778	88	100	of	of	ADP
fbem-24778	88	101	luzhou	luzhou	ADJ
fbem-24778	88	102	laojiao	laojiao	NOUN
fbem-24778	88	103	with	with	ADP
fbem-24778	88	104	that	that	PRON
fbem-24778	88	105	of	of	ADP
fbem-24778	88	106	the	the	DET
fbem-24778	88	107	industry	industry	NOUN
fbem-24778	88	108	in	in	ADP
fbem-24778	88	109	figure	figure	NOUN
fbem-24778	88	110	3	3	NUM
fbem-24778	88	111	-	-	SYM
fbem-24778	88	112	5	5	NUM
fbem-24778	88	113	and	and	CCONJ
fbem-24778	88	114	table	table	NOUN
fbem-24778	88	115	3	3	NUM
fbem-24778	88	116	-	-	SYM
fbem-24778	88	117	2	2	NUM
fbem-24778	88	118	that	that	PRON
fbem-24778	88	119	the	the	DET
fbem-24778	88	120	asset	asset	NOUN
fbem-24778	88	121	-	-	PUNCT
fbem-24778	88	122	liability	liability	NOUN
fbem-24778	88	123	ratio	ratio	NOUN
fbem-24778	88	124	of	of	ADP
fbem-24778	88	125	luzhou	luzhou	ADJ
fbem-24778	88	126	laojiao	laojiao	NOUN
fbem-24778	88	127	has	have	AUX
fbem-24778	88	128	been	be	AUX
fbem-24778	88	129	rising	rise	VERB
fbem-24778	88	130	in	in	ADP
fbem-24778	88	131	recent	recent	ADJ
fbem-24778	88	132	years	year	NOUN
fbem-24778	88	133	.	.	PUNCT
fbem-24778	89	1	although	although	SCONJ
fbem-24778	89	2	this	this	DET
fbem-24778	89	3	index	index	NOUN
fbem-24778	89	4	of	of	ADP
fbem-24778	89	5	luzhou	luzhou	ADJ
fbem-24778	89	6	laojiao	laojiao	NOUN
fbem-24778	89	7	was	be	AUX
fbem-24778	89	8	always	always	ADV
fbem-24778	89	9	far	far	ADV
fbem-24778	89	10	lower	low	ADJ
fbem-24778	89	11	than	than	ADP
fbem-24778	89	12	the	the	DET
fbem-24778	89	13	industry	industry	NOUN
fbem-24778	89	14	average	average	NOUN
fbem-24778	89	15	from	from	ADP
fbem-24778	89	16	2016	2016	NUM
fbem-24778	89	17	to	to	ADP
fbem-24778	89	18	2018	2018	NUM
fbem-24778	89	19	,	,	PUNCT
fbem-24778	89	20	after	after	ADP
fbem-24778	89	21	the	the	DET
fbem-24778	89	22	digital	digital	ADJ
fbem-24778	89	23	transformation	transformation	NOUN
fbem-24778	89	24	,	,	PUNCT
fbem-24778	89	25	its	its	PRON
fbem-24778	89	26	asset	asset	NOUN
fbem-24778	89	27	-	-	PUNCT
fbem-24778	89	28	liability	liability	NOUN
fbem-24778	89	29	ratio	ratio	NOUN
fbem-24778	89	30	exceeded	exceed	VERB
fbem-24778	89	31	that	that	PRON
fbem-24778	89	32	of	of	ADP
fbem-24778	89	33	kweichow	kweichow	PROPN
fbem-24778	89	34	moutai	moutai	NOUN
fbem-24778	89	35	and	and	CCONJ
fbem-24778	89	36	wliangye	wliangye	NOUN
fbem-24778	89	37	from	from	ADP
fbem-24778	89	38	2019	2019	NUM
fbem-24778	89	39	,	,	PUNCT
fbem-24778	89	40	and	and	CCONJ
fbem-24778	89	41	has	have	AUX
fbem-24778	89	42	remained	remain	VERB
fbem-24778	89	43	on	on	ADP
fbem-24778	89	44	par	par	NOUN
fbem-24778	89	45	with	with	ADP
fbem-24778	89	46	the	the	DET
fbem-24778	89	47	industry	industry	NOUN
fbem-24778	89	48	average	average	NOUN
fbem-24778	89	49	since	since	SCONJ
fbem-24778	89	50	then	then	ADV
fbem-24778	89	51	.	.	PUNCT
fbem-24778	90	1	for	for	ADP
fbem-24778	90	2	creditors	creditor	NOUN
fbem-24778	90	3	,	,	PUNCT
fbem-24778	90	4	the	the	PRON
fbem-24778	90	5	higher	high	ADJ
fbem-24778	90	6	the	the	DET
fbem-24778	90	7	asset	asset	NOUN
fbem-24778	90	8	-	-	PUNCT
fbem-24778	90	9	liability	liability	NOUN
fbem-24778	90	10	ratio	ratio	NOUN
fbem-24778	90	11	is	be	AUX
fbem-24778	90	12	,	,	PUNCT
fbem-24778	90	13	the	the	PRON
fbem-24778	90	14	more	more	ADV
fbem-24778	90	15	secure	secure	ADJ
fbem-24778	90	16	it	it	PRON
fbem-24778	90	17	will	will	AUX
fbem-24778	90	18	be	be	AUX
fbem-24778	90	19	.	.	PUNCT
fbem-24778	91	1	however	however	ADV
fbem-24778	91	2	,	,	PUNCT
fbem-24778	91	3	for	for	ADP
fbem-24778	91	4	investors	investor	NOUN
fbem-24778	91	5	,	,	PUNCT
fbem-24778	91	6	an	an	DET
fbem-24778	91	7	appropriate	appropriate	ADJ
fbem-24778	91	8	asset	asset	NOUN
fbem-24778	91	9	-	-	PUNCT
fbem-24778	91	10	liability	liability	NOUN
fbem-24778	91	11	ratio	ratio	NOUN
fbem-24778	91	12	helps	help	VERB
fbem-24778	91	13	to	to	PART
fbem-24778	91	14	give	give	VERB
fbem-24778	91	15	positive	positive	ADJ
fbem-24778	91	16	play	play	NOUN
fbem-24778	91	17	to	to	ADP
fbem-24778	91	18	financial	financial	ADJ
fbem-24778	91	19	leverage	leverage	NOUN
fbem-24778	91	20	,	,	PUNCT
fbem-24778	91	21	thus	thus	ADV
fbem-24778	91	22	improving	improve	VERB
fbem-24778	91	23	the	the	DET
fbem-24778	91	24	level	level	NOUN
fbem-24778	91	25	of	of	ADP
fbem-24778	91	26	capital	capital	NOUN
fbem-24778	91	27	utilization	utilization	NOUN
fbem-24778	91	28	[	[	X
fbem-24778	91	29	5	5	NUM
fbem-24778	91	30	]	]	PUNCT
fbem-24778	91	31	.	.	PUNCT
fbem-24778	92	1	in	in	ADP
fbem-24778	92	2	general	general	ADJ
fbem-24778	92	3	,	,	PUNCT
fbem-24778	92	4	after	after	ADP
fbem-24778	92	5	the	the	DET
fbem-24778	92	6	digital	digital	ADJ
fbem-24778	92	7	transformation	transformation	NOUN
fbem-24778	92	8	,	,	PUNCT
fbem-24778	92	9	the	the	DET
fbem-24778	92	10	capital	capital	NOUN
fbem-24778	92	11	utilization	utilization	NOUN
fbem-24778	92	12	efficiency	efficiency	NOUN
fbem-24778	92	13	of	of	ADP
fbem-24778	92	14	luzhou	luzhou	ADJ
fbem-24778	92	15	laojiao	laojiao	NOUN
fbem-24778	92	16	has	have	AUX
fbem-24778	92	17	increased	increase	VERB
fbem-24778	92	18	,	,	PUNCT
fbem-24778	92	19	and	and	CCONJ
fbem-24778	92	20	the	the	DET
fbem-24778	92	21	debt	debt	NOUN
fbem-24778	92	22	paying	pay	VERB
fbem-24778	92	23	ability	ability	NOUN
fbem-24778	92	24	of	of	ADP
fbem-24778	92	25	the	the	DET
fbem-24778	92	26	enterprise	enterprise	NOUN
fbem-24778	92	27	is	be	AUX
fbem-24778	92	28	at	at	ADP
fbem-24778	92	29	the	the	DET
fbem-24778	92	30	medium	medium	ADJ
fbem-24778	92	31	level	level	NOUN
fbem-24778	92	32	in	in	ADP
fbem-24778	92	33	the	the	DET
fbem-24778	92	34	industry	industry	NOUN
fbem-24778	92	35	,	,	PUNCT
fbem-24778	92	36	which	which	PRON
fbem-24778	92	37	is	be	AUX
fbem-24778	92	38	still	still	ADV
fbem-24778	92	39	within	within	ADP
fbem-24778	92	40	the	the	DET
fbem-24778	92	41	healthy	healthy	ADJ
fbem-24778	92	42	category	category	NOUN
fbem-24778	92	43	.	.	PUNCT
fbem-24778	93	1	3.3	3.3	NUM
fbem-24778	93	2	.	.	PUNCT
fbem-24778	94	1	the	the	DET
fbem-24778	94	2	impact	impact	NOUN
fbem-24778	94	3	on	on	ADP
fbem-24778	94	4	the	the	DET
fbem-24778	94	5	operating	operating	NOUN
fbem-24778	94	6	capacity	capacity	NOUN
fbem-24778	94	7	of	of	ADP
fbem-24778	94	8	the	the	DET
fbem-24778	94	9	enterprise	enterprise	NOUN
fbem-24778	94	10	inventory	inventory	NOUN
fbem-24778	94	11	turnover	turnover	NOUN
fbem-24778	94	12	is	be	AUX
fbem-24778	94	13	used	use	VERB
fbem-24778	94	14	to	to	PART
fbem-24778	94	15	evaluate	evaluate	VERB
fbem-24778	94	16	the	the	DET
fbem-24778	94	17	capital	capital	NOUN
fbem-24778	94	18	occupied	occupy	VERB
fbem-24778	94	19	by	by	ADP
fbem-24778	94	20	an	an	DET
fbem-24778	94	21	enterprise	enterprise	NOUN
fbem-24778	94	22	's	's	PART
fbem-24778	94	23	inventory	inventory	NOUN
fbem-24778	94	24	.	.	PUNCT
fbem-24778	95	1	generally	generally	ADV
fbem-24778	95	2	speaking	speak	VERB
fbem-24778	95	3	,	,	PUNCT
fbem-24778	95	4	the	the	PRON
fbem-24778	95	5	higher	high	ADJ
fbem-24778	95	6	the	the	DET
fbem-24778	95	7	inventory	inventory	NOUN
fbem-24778	95	8	turnover	turnover	NOUN
fbem-24778	95	9	,	,	PUNCT
fbem-24778	95	10	the	the	DET
fbem-24778	95	11	better	well	ADJ
fbem-24778	95	12	,	,	PUNCT
fbem-24778	95	13	which	which	PRON
fbem-24778	95	14	is	be	AUX
fbem-24778	95	15	conducive	conducive	ADJ
fbem-24778	95	16	to	to	ADP
fbem-24778	95	17	improving	improve	VERB
fbem-24778	95	18	the	the	DET
fbem-24778	95	19	efficiency	efficiency	NOUN
fbem-24778	95	20	of	of	ADP
fbem-24778	95	21	the	the	DET
fbem-24778	95	22	use	use	NOUN
fbem-24778	95	23	of	of	ADP
fbem-24778	95	24	enterprise	enterprise	NOUN
fbem-24778	95	25	funds	fund	NOUN
fbem-24778	95	26	.	.	PUNCT
fbem-24778	96	1	it	it	PRON
fbem-24778	96	2	can	can	AUX
fbem-24778	96	3	be	be	AUX
fbem-24778	96	4	seen	see	VERB
fbem-24778	96	5	from	from	ADP
fbem-24778	96	6	table	table	NOUN
fbem-24778	96	7	3	3	NUM
fbem-24778	96	8	-	-	SYM
fbem-24778	96	9	3	3	NUM
fbem-24778	96	10	that	that	PRON
fbem-24778	96	11	the	the	DET
fbem-24778	96	12	inventory	inventory	NOUN
fbem-24778	96	13	turnover	turnover	NOUN
fbem-24778	96	14	rate	rate	NOUN
fbem-24778	96	15	of	of	ADP
fbem-24778	96	16	luzhou	luzhou	ADJ
fbem-24778	96	17	laojiao	laojiao	NOUN
fbem-24778	96	18	showed	show	VERB
fbem-24778	96	19	a	a	DET
fbem-24778	96	20	continuous	continuous	ADJ
fbem-24778	96	21	downward	downward	ADJ
fbem-24778	96	22	trend	trend	NOUN
fbem-24778	96	23	from	from	ADP
fbem-24778	96	24	2016	2016	NUM
fbem-24778	96	25	to	to	ADP
fbem-24778	96	26	2022	2022	NUM
fbem-24778	96	27	.	.	PUNCT
fbem-24778	97	1	it	it	PRON
fbem-24778	97	2	reflects	reflect	VERB
fbem-24778	97	3	the	the	DET
fbem-24778	97	4	slow	slow	ADJ
fbem-24778	97	5	realization	realization	NOUN
fbem-24778	97	6	speed	speed	NOUN
fbem-24778	97	7	of	of	ADP
fbem-24778	97	8	luzhou	luzhou	ADJ
fbem-24778	97	9	laojiao	laojiao	NOUN
fbem-24778	97	10	and	and	CCONJ
fbem-24778	97	11	the	the	DET
fbem-24778	97	12	high	high	ADJ
fbem-24778	97	13	level	level	NOUN
fbem-24778	97	14	of	of	ADP
fbem-24778	97	15	capital	capital	NOUN
fbem-24778	97	16	occupation	occupation	NOUN
fbem-24778	97	17	.	.	PUNCT
fbem-24778	98	1	the	the	DET
fbem-24778	98	2	reason	reason	NOUN
fbem-24778	98	3	for	for	ADP
fbem-24778	98	4	the	the	DET
fbem-24778	98	5	continuous	continuous	ADJ
fbem-24778	98	6	decline	decline	NOUN
fbem-24778	98	7	in	in	ADP
fbem-24778	98	8	the	the	DET
fbem-24778	98	9	inventory	inventory	NOUN
fbem-24778	98	10	turnover	turnover	NOUN
fbem-24778	98	11	rate	rate	NOUN
fbem-24778	98	12	of	of	ADP
fbem-24778	98	13	luzhou	luzhou	ADJ
fbem-24778	98	14	old	old	ADJ
fbem-24778	98	15	cellar	cellar	NOUN
fbem-24778	98	16	may	may	AUX
fbem-24778	98	17	be	be	AUX
fbem-24778	98	18	that	that	SCONJ
fbem-24778	98	19	after	after	SCONJ
fbem-24778	98	20	the	the	DET
fbem-24778	98	21	technical	technical	ADJ
fbem-24778	98	22	transformation	transformation	NOUN
fbem-24778	98	23	projects	project	NOUN
fbem-24778	98	24	of	of	ADP
fbem-24778	98	25	wine	wine	NOUN
fbem-24778	98	26	making	making	NOUN
fbem-24778	98	27	were	be	AUX
fbem-24778	98	28	put	put	VERB
fbem-24778	98	29	into	into	ADP
fbem-24778	98	30	operation	operation	NOUN
fbem-24778	98	31	successively	successively	ADV
fbem-24778	98	32	,	,	PUNCT
fbem-24778	98	33	the	the	DET
fbem-24778	98	34	output	output	NOUN
fbem-24778	98	35	of	of	ADP
fbem-24778	98	36	self	self	NOUN
fbem-24778	98	37	-	-	PUNCT
fbem-24778	98	38	made	make	VERB
fbem-24778	98	39	semi	semi	ADJ
fbem-24778	98	40	-	-	ADJ
fbem-24778	98	41	finished	finished	ADJ
fbem-24778	98	42	raw	raw	ADJ
fbem-24778	98	43	wine	wine	NOUN
fbem-24778	98	44	in	in	ADP
fbem-24778	98	45	the	the	DET
fbem-24778	98	46	inventory	inventory	NOUN
fbem-24778	98	47	increased	increase	VERB
fbem-24778	98	48	greatly	greatly	ADV
fbem-24778	98	49	,	,	PUNCT
fbem-24778	98	50	which	which	PRON
fbem-24778	98	51	intensified	intensify	VERB
fbem-24778	98	52	the	the	DET
fbem-24778	98	53	inventory	inventory	NOUN
fbem-24778	98	54	pressure	pressure	NOUN
fbem-24778	98	55	[	[	X
fbem-24778	98	56	6	6	NUM
fbem-24778	98	57	]	]	PUNCT
fbem-24778	98	58	.	.	PUNCT
fbem-24778	99	1	in	in	ADP
fbem-24778	99	2	addition	addition	NOUN
fbem-24778	99	3	,	,	PUNCT
fbem-24778	99	4	the	the	DET
fbem-24778	99	5	state	state	NOUN
fbem-24778	99	6	issued	issue	VERB
fbem-24778	99	7	the	the	DET
fbem-24778	99	8	policy	policy	NOUN
fbem-24778	99	9	of	of	ADP
fbem-24778	99	10	restricting	restrict	VERB
fbem-24778	99	11	the	the	DET
fbem-24778	99	12	consumption	consumption	NOUN
fbem-24778	99	13	of	of	ADP
fbem-24778	99	14	three	three	NUM
fbem-24778	99	15	public	public	ADJ
fbem-24778	99	16	enterprises	enterprise	NOUN
fbem-24778	99	17	and	and	CCONJ
fbem-24778	99	18	luzhou	luzhou	ADJ
fbem-24778	99	19	laojiao	laojiao	NOUN
fbem-24778	99	20	repeatedly	repeatedly	ADV
fbem-24778	99	21	announced	announce	VERB
fbem-24778	99	22	the	the	DET
fbem-24778	99	23	price	price	NOUN
fbem-24778	99	24	increase	increase	NOUN
fbem-24778	99	25	of	of	ADP
fbem-24778	99	26	all	all	DET
fbem-24778	99	27	products	product	NOUN
fbem-24778	99	28	,	,	PUNCT
fbem-24778	99	29	which	which	PRON
fbem-24778	99	30	eventually	eventually	ADV
fbem-24778	99	31	led	lead	VERB
fbem-24778	99	32	to	to	ADP
fbem-24778	99	33	the	the	DET
fbem-24778	99	34	decrease	decrease	NOUN
fbem-24778	99	35	of	of	ADP
fbem-24778	99	36	consumption	consumption	NOUN
fbem-24778	99	37	and	and	CCONJ
fbem-24778	99	38	the	the	DET
fbem-24778	99	39	continuous	continuous	ADJ
fbem-24778	99	40	decline	decline	NOUN
fbem-24778	99	41	of	of	ADP
fbem-24778	99	42	inventory	inventory	NOUN
fbem-24778	99	43	turnover	turnover	NOUN
fbem-24778	99	44	.	.	PUNCT
fbem-24778	100	1	due	due	ADP
fbem-24778	100	2	to	to	ADP
fbem-24778	100	3	the	the	DET
fbem-24778	100	4	impact	impact	NOUN
fbem-24778	100	5	of	of	ADP
fbem-24778	100	6	inventory	inventory	NOUN
fbem-24778	100	7	accumulation	accumulation	NOUN
fbem-24778	100	8	,	,	PUNCT
fbem-24778	100	9	the	the	DET
fbem-24778	100	10	total	total	ADJ
fbem-24778	100	11	asset	asset	NOUN
fbem-24778	100	12	turnover	turnover	NOUN
fbem-24778	100	13	of	of	ADP
fbem-24778	100	14	luzhou	luzhou	ADJ
fbem-24778	100	15	laojiao	laojiao	NOUN
fbem-24778	100	16	also	also	ADV
fbem-24778	100	17	showed	show	VERB
fbem-24778	100	18	a	a	DET
fbem-24778	100	19	downward	downward	ADJ
fbem-24778	100	20	trend	trend	NOUN
fbem-24778	100	21	from	from	ADP
fbem-24778	100	22	2016	2016	NUM
fbem-24778	100	23	to	to	ADP
fbem-24778	100	24	2019	2019	NUM
fbem-24778	100	25	.	.	PUNCT
fbem-24778	101	1	between	between	ADP
fbem-24778	101	2	2020	2020	NUM
fbem-24778	101	3	and	and	CCONJ
fbem-24778	101	4	2022	2022	NUM
fbem-24778	101	5	,	,	PUNCT
fbem-24778	101	6	the	the	DET
fbem-24778	101	7	flat	flat	ADJ
fbem-24778	101	8	state	state	NOUN
fbem-24778	101	9	of	of	ADP
fbem-24778	101	10	this	this	DET
fbem-24778	101	11	indicator	indicator	NOUN
fbem-24778	101	12	was	be	AUX
fbem-24778	101	13	mainly	mainly	ADV
fbem-24778	101	14	compensated	compensate	VERB
fbem-24778	101	15	by	by	ADP
fbem-24778	101	16	the	the	DET
fbem-24778	101	17	increase	increase	NOUN
fbem-24778	101	18	in	in	ADP
fbem-24778	101	19	accounts	account	NOUN
fbem-24778	101	20	receivable	receivable	ADJ
fbem-24778	101	21	turnover	turnover	NOUN
fbem-24778	101	22	.	.	PUNCT
fbem-24778	102	1	374	374	NUM
fbem-24778	102	2	table	table	NOUN
fbem-24778	102	3	3	3	NUM
fbem-24778	102	4	-	-	SYM
fbem-24778	102	5	3	3	NUM
fbem-24778	102	6	.	.	PUNCT
fbem-24778	102	7	changes	change	NOUN
fbem-24778	102	8	in	in	ADP
fbem-24778	102	9	operating	operating	NOUN
fbem-24778	102	10	capacity	capacity	NOUN
fbem-24778	102	11	indicators	indicator	NOUN
fbem-24778	102	12	2016	2016	NUM
fbem-24778	102	13	year	year	NOUN
fbem-24778	102	14	2017year	2017year	NUM
fbem-24778	102	15	2018year	2018year	NUM
fbem-24778	102	16	2019year	2019year	NUM
fbem-24778	102	17	2020year	2020year	NUM
fbem-24778	102	18	2021year	2021year	NUM
fbem-24778	102	19	2022year	2022year	NUM
fbem-24778	102	20	inventory	inventory	NOUN
fbem-24778	102	21	turnover	turnover	NOUN
fbem-24778	102	22	rate	rate	NOUN
fbem-24778	102	23	moutai	moutai	NOUN
fbem-24778	102	24	0.18	0.18	NUM
fbem-24778	102	25	0.28	0.28	NUM
fbem-24778	102	26	0.29	0.29	NUM
fbem-24778	102	27	0.3	0.3	NUM
fbem-24778	102	28	0.3	0.3	NUM
fbem-24778	102	29	0.29	0.29	NUM
fbem-24778	102	30	0.28	0.28	NUM
fbem-24778	102	31	wuliangye	wuliangye	NOUN
fbem-24778	102	32	0.81	0.81	NUM
fbem-24778	102	33	0.85	0.85	NUM
fbem-24778	102	34	0.94	0.94	NUM
fbem-24778	102	35	1.01	1.01	NUM
fbem-24778	102	36	1	1	NUM
fbem-24778	102	37	.	.	NOUN
fbem-24778	102	38	1	1	NUM
fbem-24778	102	39	1.2	1.2	NUM
fbem-24778	102	40	1.21	1.21	NUM
fbem-24778	102	41	luzhou	luzhou	ADJ
fbem-24778	102	42	laojiao	laojiao	NOUN
fbem-24778	102	43	1.17	1.17	NUM
fbem-24778	102	44	1	1	NUM
fbem-24778	102	45	.	.	ADP
fbem-24778	102	46	1	1	NUM
fbem-24778	102	47	0.97	0.97	NUM
fbem-24778	102	48	0.89	0.89	NUM
fbem-24778	102	49	0.68	0.68	NUM
fbem-24778	102	50	0.49	0.49	NUM
fbem-24778	102	51	0.39	0.39	NUM
fbem-24778	102	52	total	total	ADJ
fbem-24778	102	53	asset	asset	NOUN
fbem-24778	102	54	turnover	turnover	NOUN
fbem-24778	102	55	moutai	moutai	VERB
fbem-24778	102	56	0.4	0.4	NUM
fbem-24778	102	57	0.49	0.49	NUM
fbem-24778	102	58	0.52	0.52	NUM
fbem-24778	102	59	0.5	0.5	NUM
fbem-24778	102	60	48	48	NUM
fbem-24778	102	61	0.45	0.45	NUM
fbem-24778	102	62	0.49	0.49	NUM
fbem-24778	102	63	wuliangye	wuliangye	NOUN
fbem-24778	102	64	0.43	0.43	NUM
fbem-24778	102	65	0.45	0.45	NUM
fbem-24778	102	66	0.51	0.51	NUM
fbem-24778	102	67	0.52	0.52	NUM
fbem-24778	102	68	0.52	0.52	NUM
fbem-24778	102	69	0.53	0.53	NUM
fbem-24778	102	70	0.51	0.51	NUM
fbem-24778	102	71	luzhou	luzhou	ADJ
fbem-24778	102	72	laojiao	laojiao	NOUN
fbem-24778	102	73	0.64	0.64	NUM
fbem-24778	102	74	0.62	0.62	NUM
fbem-24778	102	75	0.62	0.62	NUM
fbem-24778	102	76	0.61	0.61	NUM
fbem-24778	102	77	0.52	0.52	NUM
fbem-24778	102	78	0.53	0.53	NUM
fbem-24778	102	79	0.53	0.53	NUM
fbem-24778	102	80	accounts	account	NOUN
fbem-24778	102	81	receivable	receivable	ADJ
fbem-24778	102	82	turnover	turnover	NOUN
fbem-24778	102	83	reflects	reflect	VERB
fbem-24778	102	84	the	the	DET
fbem-24778	102	85	average	average	ADJ
fbem-24778	102	86	number	number	NOUN
fbem-24778	102	87	of	of	ADP
fbem-24778	102	88	times	time	NOUN
fbem-24778	102	89	that	that	PRON
fbem-24778	102	90	accounts	account	VERB
fbem-24778	102	91	receivable	receivable	ADJ
fbem-24778	102	92	are	be	AUX
fbem-24778	102	93	converted	convert	VERB
fbem-24778	102	94	into	into	ADP
fbem-24778	102	95	cash	cash	NOUN
fbem-24778	102	96	in	in	ADP
fbem-24778	102	97	a	a	DET
fbem-24778	102	98	certain	certain	ADJ
fbem-24778	102	99	period	period	NOUN
fbem-24778	102	100	of	of	ADP
fbem-24778	102	101	time	time	NOUN
fbem-24778	102	102	.	.	PUNCT
fbem-24778	103	1	the	the	PRON
fbem-24778	103	2	higher	high	ADJ
fbem-24778	103	3	the	the	DET
fbem-24778	103	4	turnover	turnover	NOUN
fbem-24778	103	5	rate	rate	NOUN
fbem-24778	103	6	is	be	AUX
fbem-24778	103	7	,	,	PUNCT
fbem-24778	103	8	the	the	PRON
fbem-24778	103	9	faster	fast	ADV
fbem-24778	103	10	the	the	DET
fbem-24778	103	11	receivables	receivables	NOUN
fbem-24778	103	12	are	be	AUX
fbem-24778	103	13	collected	collect	VERB
fbem-24778	103	14	,	,	PUNCT
fbem-24778	103	15	and	and	CCONJ
fbem-24778	103	16	the	the	PRON
fbem-24778	103	17	higher	high	ADJ
fbem-24778	103	18	the	the	DET
fbem-24778	103	19	efficiency	efficiency	NOUN
fbem-24778	103	20	of	of	ADP
fbem-24778	103	21	receivables	receivables	NOUN
fbem-24778	103	22	management	management	NOUN
fbem-24778	103	23	of	of	ADP
fbem-24778	103	24	the	the	DET
fbem-24778	103	25	enterprise	enterprise	NOUN
fbem-24778	103	26	is	be	AUX
fbem-24778	103	27	.	.	PUNCT
fbem-24778	104	1	it	it	PRON
fbem-24778	104	2	can	can	AUX
fbem-24778	104	3	be	be	AUX
fbem-24778	104	4	seen	see	VERB
fbem-24778	104	5	from	from	ADP
fbem-24778	104	6	figure	figure	NOUN
fbem-24778	104	7	3	3	NUM
fbem-24778	104	8	-	-	SYM
fbem-24778	104	9	6	6	NUM
fbem-24778	104	10	that	that	SCONJ
fbem-24778	104	11	from	from	ADP
fbem-24778	104	12	2020	2020	NUM
fbem-24778	104	13	to	to	ADP
fbem-24778	104	14	2022	2022	NUM
fbem-24778	104	15	,	,	PUNCT
fbem-24778	104	16	the	the	DET
fbem-24778	104	17	accounts	account	NOUN
fbem-24778	104	18	receivable	receivable	ADJ
fbem-24778	104	19	turnover	turnover	NOUN
fbem-24778	104	20	rate	rate	NOUN
fbem-24778	104	21	of	of	ADP
fbem-24778	104	22	luzhou	luzhou	ADJ
fbem-24778	104	23	old	old	ADJ
fbem-24778	104	24	cellar	cellar	NOUN
fbem-24778	104	25	has	have	VERB
fbem-24778	104	26	a	a	DET
fbem-24778	104	27	phenomenon	phenomenon	NOUN
fbem-24778	104	28	of	of	ADP
fbem-24778	104	29	rising	rise	VERB
fbem-24778	104	30	and	and	CCONJ
fbem-24778	104	31	falling	fall	VERB
fbem-24778	104	32	,	,	PUNCT
fbem-24778	104	33	from	from	ADP
fbem-24778	104	34	13200	13200	NUM
fbem-24778	104	35	in	in	ADP
fbem-24778	104	36	2021	2021	NUM
fbem-24778	104	37	to	to	ADP
fbem-24778	104	38	6640	6640	NUM
fbem-24778	104	39	in	in	ADP
fbem-24778	104	40	2022	2022	NUM
fbem-24778	104	41	.	.	PUNCT
fbem-24778	105	1	the	the	DET
fbem-24778	105	2	reason	reason	NOUN
fbem-24778	105	3	for	for	ADP
fbem-24778	105	4	this	this	DET
fbem-24778	105	5	situation	situation	NOUN
fbem-24778	105	6	may	may	AUX
fbem-24778	105	7	be	be	AUX
fbem-24778	105	8	that	that	SCONJ
fbem-24778	105	9	the	the	DET
fbem-24778	105	10	implementation	implementation	NOUN
fbem-24778	105	11	of	of	ADP
fbem-24778	105	12	strict	strict	ADJ
fbem-24778	105	13	credit	credit	NOUN
fbem-24778	105	14	policy	policy	NOUN
fbem-24778	105	15	in	in	ADP
fbem-24778	105	16	luzhou	luzhou	ADJ
fbem-24778	105	17	old	old	ADJ
fbem-24778	105	18	cellar	cellar	NOUN
fbem-24778	105	19	makes	make	VERB
fbem-24778	105	20	the	the	DET
fbem-24778	105	21	payback	payback	NOUN
fbem-24778	105	22	period	period	NOUN
fbem-24778	105	23	of	of	ADP
fbem-24778	105	24	accounts	account	NOUN
fbem-24778	105	25	receivable	receivable	ADJ
fbem-24778	105	26	longer	long	ADV
fbem-24778	105	27	.	.	PUNCT
fbem-24778	106	1	collection	collection	NOUN
fbem-24778	106	2	slowed	slow	VERB
fbem-24778	106	3	.	.	PUNCT
fbem-24778	107	1	in	in	ADP
fbem-24778	107	2	general	general	ADJ
fbem-24778	107	3	,	,	PUNCT
fbem-24778	107	4	as	as	SCONJ
fbem-24778	107	5	the	the	DET
fbem-24778	107	6	main	main	ADJ
fbem-24778	107	7	source	source	NOUN
fbem-24778	107	8	of	of	ADP
fbem-24778	107	9	receivables	receivables	NOUN
fbem-24778	107	10	of	of	ADP
fbem-24778	107	11	luzhou	luzhou	ADJ
fbem-24778	107	12	laojiao	laojiao	NOUN
fbem-24778	107	13	is	be	AUX
fbem-24778	107	14	downstream	downstream	ADJ
fbem-24778	107	15	dealers	dealer	NOUN
fbem-24778	107	16	,	,	PUNCT
fbem-24778	107	17	it	it	PRON
fbem-24778	107	18	can	can	AUX
fbem-24778	107	19	be	be	AUX
fbem-24778	107	20	found	find	VERB
fbem-24778	107	21	through	through	ADP
fbem-24778	107	22	horizontal	horizontal	ADJ
fbem-24778	107	23	comparison	comparison	NOUN
fbem-24778	107	24	that	that	SCONJ
fbem-24778	107	25	the	the	DET
fbem-24778	107	26	receivables	receivables	NOUN
fbem-24778	107	27	turnover	turnover	NOUN
fbem-24778	107	28	rate	rate	NOUN
fbem-24778	107	29	of	of	ADP
fbem-24778	107	30	luzhou	luzhou	ADJ
fbem-24778	107	31	laojiao	laojiao	NOUN
fbem-24778	107	32	is	be	AUX
fbem-24778	107	33	relatively	relatively	ADV
fbem-24778	107	34	high	high	ADJ
fbem-24778	107	35	,	,	PUNCT
fbem-24778	107	36	which	which	PRON
fbem-24778	107	37	can	can	AUX
fbem-24778	107	38	reflect	reflect	VERB
fbem-24778	107	39	that	that	SCONJ
fbem-24778	107	40	its	its	PRON
fbem-24778	107	41	digital	digital	ADJ
fbem-24778	107	42	transformation	transformation	NOUN
fbem-24778	107	43	achievements	achievement	NOUN
fbem-24778	107	44	in	in	ADP
fbem-24778	107	45	channel	channel	NOUN
fbem-24778	107	46	management	management	NOUN
fbem-24778	107	47	play	play	VERB
fbem-24778	107	48	a	a	DET
fbem-24778	107	49	certain	certain	ADJ
fbem-24778	107	50	role	role	NOUN
fbem-24778	107	51	in	in	ADP
fbem-24778	107	52	promoting	promote	VERB
fbem-24778	107	53	,	,	PUNCT
fbem-24778	107	54	and	and	CCONJ
fbem-24778	107	55	its	its	PRON
fbem-24778	107	56	ability	ability	NOUN
fbem-24778	107	57	to	to	PART
fbem-24778	107	58	obtain	obtain	VERB
fbem-24778	107	59	cash	cash	NOUN
fbem-24778	107	60	from	from	ADP
fbem-24778	107	61	the	the	DET
fbem-24778	107	62	channel	channel	NOUN
fbem-24778	107	63	end	end	NOUN
fbem-24778	107	64	is	be	AUX
fbem-24778	107	65	enhanced	enhance	VERB
fbem-24778	107	66	.	.	PUNCT
fbem-24778	108	1	however	however	ADV
fbem-24778	108	2	,	,	PUNCT
fbem-24778	108	3	luzhou	luzhou	ADJ
fbem-24778	108	4	laojiao	laojiao	NOUN
fbem-24778	108	5	still	still	ADV
fbem-24778	108	6	needs	need	VERB
fbem-24778	108	7	to	to	PART
fbem-24778	108	8	strengthen	strengthen	VERB
fbem-24778	108	9	management	management	NOUN
fbem-24778	108	10	and	and	CCONJ
fbem-24778	108	11	speed	speed	VERB
fbem-24778	108	12	up	up	ADP
fbem-24778	108	13	inventory	inventory	NOUN
fbem-24778	108	14	turnover	turnover	NOUN
fbem-24778	108	15	in	in	ADP
fbem-24778	108	16	view	view	NOUN
fbem-24778	108	17	of	of	ADP
fbem-24778	108	18	the	the	DET
fbem-24778	108	19	phenomenon	phenomenon	NOUN
fbem-24778	108	20	of	of	ADP
fbem-24778	108	21	overstocking	overstock	VERB
fbem-24778	108	22	.	.	PUNCT
fbem-24778	109	1	figure	figure	NOUN
fbem-24778	109	2	3	3	NUM
fbem-24778	109	3	-	-	SYM
fbem-24778	109	4	6	6	NUM
fbem-24778	109	5	.	.	PUNCT
fbem-24778	110	1	comparative	comparative	ADJ
fbem-24778	110	2	analysis	analysis	NOUN
fbem-24778	110	3	of	of	ADP
fbem-24778	110	4	accounts	account	NOUN
fbem-24778	110	5	receivable	receivable	ADJ
fbem-24778	110	6	turnover	turnover	NOUN
fbem-24778	110	7	3.4	3.4	NUM
fbem-24778	110	8	.	.	PUNCT
fbem-24778	111	1	the	the	DET
fbem-24778	111	2	impact	impact	NOUN
fbem-24778	111	3	on	on	ADP
fbem-24778	111	4	the	the	DET
fbem-24778	111	5	growth	growth	NOUN
fbem-24778	111	6	ability	ability	NOUN
fbem-24778	111	7	of	of	ADP
fbem-24778	111	8	enterprises	enterprise	NOUN
fbem-24778	111	9	the	the	DET
fbem-24778	111	10	growth	growth	NOUN
fbem-24778	111	11	rate	rate	NOUN
fbem-24778	111	12	of	of	ADP
fbem-24778	111	13	net	net	ADJ
fbem-24778	111	14	profit	profit	NOUN
fbem-24778	111	15	refers	refer	VERB
fbem-24778	111	16	to	to	ADP
fbem-24778	111	17	the	the	DET
fbem-24778	111	18	growth	growth	NOUN
fbem-24778	111	19	rate	rate	NOUN
fbem-24778	111	20	of	of	ADP
fbem-24778	111	21	net	net	ADJ
fbem-24778	111	22	profit	profit	NOUN
fbem-24778	111	23	of	of	ADP
fbem-24778	111	24	the	the	DET
fbem-24778	111	25	current	current	ADJ
fbem-24778	111	26	period	period	NOUN
fbem-24778	111	27	relative	relative	ADJ
fbem-24778	111	28	to	to	ADP
fbem-24778	111	29	the	the	DET
fbem-24778	111	30	net	net	ADJ
fbem-24778	111	31	profit	profit	NOUN
fbem-24778	111	32	of	of	ADP
fbem-24778	111	33	the	the	DET
fbem-24778	111	34	previous	previous	ADJ
fbem-24778	111	35	period	period	NOUN
fbem-24778	111	36	.	.	PUNCT
fbem-24778	112	1	the	the	DET
fbem-24778	112	2	larger	large	ADJ
fbem-24778	112	3	the	the	DET
fbem-24778	112	4	ratio	ratio	NOUN
fbem-24778	112	5	is	be	AUX
fbem-24778	112	6	,	,	PUNCT
fbem-24778	112	7	the	the	PRON
fbem-24778	112	8	stronger	strong	ADJ
fbem-24778	112	9	the	the	DET
fbem-24778	112	10	profitability	profitability	NOUN
fbem-24778	112	11	of	of	ADP
fbem-24778	112	12	the	the	DET
fbem-24778	112	13	enterprise	enterprise	NOUN
fbem-24778	112	14	is	be	AUX
fbem-24778	112	15	,	,	PUNCT
fbem-24778	112	16	and	and	CCONJ
fbem-24778	112	17	the	the	PRON
fbem-24778	112	18	better	well	ADJ
fbem-24778	112	19	the	the	DET
fbem-24778	112	20	future	future	ADJ
fbem-24778	112	21	development	development	NOUN
fbem-24778	112	22	prospect	prospect	NOUN
fbem-24778	112	23	is	be	AUX
fbem-24778	112	24	.	.	PUNCT
fbem-24778	113	1	as	as	SCONJ
fbem-24778	113	2	shown	show	VERB
fbem-24778	113	3	in	in	ADP
fbem-24778	113	4	figure	figure	NOUN
fbem-24778	113	5	3	3	NUM
fbem-24778	113	6	-	-	SYM
fbem-24778	113	7	7	7	NUM
fbem-24778	113	8	,	,	PUNCT
fbem-24778	113	9	after	after	SCONJ
fbem-24778	113	10	the	the	DET
fbem-24778	113	11	digital	digital	ADJ
fbem-24778	113	12	transformation	transformation	NOUN
fbem-24778	113	13	of	of	ADP
fbem-24778	113	14	luzhou	luzhou	ADJ
fbem-24778	113	15	laojiao	laojiao	NOUN
fbem-24778	113	16	was	be	AUX
fbem-24778	113	17	implemented	implement	VERB
fbem-24778	113	18	in	in	ADP
fbem-24778	113	19	2018	2018	NUM
fbem-24778	113	20	,	,	PUNCT
fbem-24778	113	21	the	the	DET
fbem-24778	113	22	net	net	ADJ
fbem-24778	113	23	profit	profit	NOUN
fbem-24778	113	24	growth	growth	NOUN
fbem-24778	113	25	rate	rate	NOUN
fbem-24778	113	26	of	of	ADP
fbem-24778	113	27	that	that	DET
fbem-24778	113	28	year	year	NOUN
fbem-24778	113	29	reached	reach	VERB
fbem-24778	113	30	36.27	36.27	NUM
fbem-24778	113	31	%	%	NOUN
fbem-24778	113	32	,	,	PUNCT
fbem-24778	113	33	which	which	PRON
fbem-24778	113	34	is	be	AUX
fbem-24778	113	35	the	the	DET
fbem-24778	113	36	highest	high	ADJ
fbem-24778	113	37	in	in	ADP
fbem-24778	113	38	recent	recent	ADJ
fbem-24778	113	39	years	year	NOUN
fbem-24778	113	40	.	.	PUNCT
fbem-24778	114	1	however	however	ADV
fbem-24778	114	2	,	,	PUNCT
fbem-24778	114	3	the	the	DET
fbem-24778	114	4	reason	reason	NOUN
fbem-24778	114	5	for	for	ADP
fbem-24778	114	6	the	the	DET
fbem-24778	114	7	gradual	gradual	ADJ
fbem-24778	114	8	slowdown	slowdown	NOUN
fbem-24778	114	9	from	from	ADP
fbem-24778	114	10	2019	2019	NUM
fbem-24778	114	11	may	may	AUX
fbem-24778	114	12	be	be	AUX
fbem-24778	114	13	due	due	ADJ
fbem-24778	114	14	to	to	ADP
fbem-24778	114	15	the	the	DET
fbem-24778	114	16	impact	impact	NOUN
fbem-24778	114	17	of	of	ADP
fbem-24778	114	18	the	the	DET
fbem-24778	114	19	outbreak	outbreak	NOUN
fbem-24778	114	20	of	of	ADP
fbem-24778	114	21	covid-19	covid-19	PROPN
fbem-24778	114	22	on	on	ADP
fbem-24778	114	23	the	the	DET
fbem-24778	114	24	market	market	NOUN
fbem-24778	114	25	,	,	PUNCT
fbem-24778	114	26	which	which	PRON
fbem-24778	114	27	has	have	VERB
fbem-24778	114	28	a	a	DET
fbem-24778	114	29	certain	certain	ADJ
fbem-24778	114	30	impact	impact	NOUN
fbem-24778	114	31	on	on	ADP
fbem-24778	114	32	the	the	DET
fbem-24778	114	33	whole	whole	ADJ
fbem-24778	114	34	industry	industry	NOUN
fbem-24778	114	35	.	.	PUNCT
fbem-24778	115	1	as	as	SCONJ
fbem-24778	115	2	can	can	AUX
fbem-24778	115	3	be	be	AUX
fbem-24778	115	4	seen	see	VERB
fbem-24778	115	5	from	from	ADP
fbem-24778	115	6	the	the	DET
fbem-24778	115	7	figure	figure	NOUN
fbem-24778	115	8	,	,	PUNCT
fbem-24778	115	9	since	since	SCONJ
fbem-24778	115	10	2018	2018	NUM
fbem-24778	115	11	,	,	PUNCT
fbem-24778	115	12	the	the	DET
fbem-24778	115	13	net	net	ADJ
fbem-24778	115	14	profit	profit	NOUN
fbem-24778	115	15	growth	growth	NOUN
fbem-24778	115	16	rate	rate	NOUN
fbem-24778	115	17	of	of	ADP
fbem-24778	115	18	luzhou	luzhou	ADJ
fbem-24778	115	19	laojiao	laojiao	NOUN
fbem-24778	115	20	has	have	AUX
fbem-24778	115	21	maintained	maintain	VERB
fbem-24778	115	22	a	a	DET
fbem-24778	115	23	slight	slight	ADJ
fbem-24778	115	24	advantage	advantage	NOUN
fbem-24778	115	25	,	,	PUNCT
fbem-24778	115	26	indicating	indicate	VERB
fbem-24778	115	27	that	that	SCONJ
fbem-24778	115	28	the	the	DET
fbem-24778	115	29	implementation	implementation	NOUN
fbem-24778	115	30	of	of	ADP
fbem-24778	115	31	digital	digital	ADJ
fbem-24778	115	32	transformation	transformation	NOUN
fbem-24778	115	33	strategy	strategy	NOUN
fbem-24778	115	34	and	and	CCONJ
fbem-24778	115	35	optimization	optimization	NOUN
fbem-24778	115	36	of	of	ADP
fbem-24778	115	37	internal	internal	ADJ
fbem-24778	115	38	processes	process	NOUN
fbem-24778	115	39	have	have	AUX
fbem-24778	115	40	entered	enter	VERB
fbem-24778	115	41	a	a	DET
fbem-24778	115	42	virtuous	virtuous	ADJ
fbem-24778	115	43	cycle	cycle	NOUN
fbem-24778	115	44	.	.	PUNCT
fbem-24778	116	1	figure	figure	VERB
fbem-24778	116	2	3	3	NUM
fbem-24778	116	3	-	-	SYM
fbem-24778	116	4	7	7	NUM
fbem-24778	116	5	.	.	PUNCT
fbem-24778	116	6	comparative	comparative	ADJ
fbem-24778	116	7	analysis	analysis	NOUN
fbem-24778	116	8	of	of	ADP
fbem-24778	116	9	net	net	ADJ
fbem-24778	116	10	profit	profit	NOUN
fbem-24778	116	11	growth	growth	NOUN
fbem-24778	116	12	rate	rate	NOUN
fbem-24778	116	13	4	4	NUM
fbem-24778	116	14	.	.	PUNCT
fbem-24778	116	15	suggestions	suggestion	NOUN
fbem-24778	116	16	for	for	ADP
fbem-24778	116	17	luzhou	luzhou	ADJ
fbem-24778	116	18	laojiao	laojiao	NOUN
fbem-24778	116	19	based	base	VERB
fbem-24778	116	20	on	on	ADP
fbem-24778	116	21	digital	digital	ADJ
fbem-24778	116	22	transformation	transformation	NOUN
fbem-24778	116	23	4.1	4.1	NUM
fbem-24778	116	24	.	.	PUNCT
fbem-24778	116	25	establish	establish	VERB
fbem-24778	116	26	digital	digital	ADJ
fbem-24778	116	27	warehousing	warehousing	NOUN
fbem-24778	116	28	and	and	CCONJ
fbem-24778	116	29	logistics	logistic	NOUN
fbem-24778	116	30	since	since	SCONJ
fbem-24778	116	31	the	the	DET
fbem-24778	116	32	implementation	implementation	NOUN
fbem-24778	116	33	of	of	ADP
fbem-24778	116	34	comprehensive	comprehensive	ADJ
fbem-24778	116	35	digital	digital	ADJ
fbem-24778	116	36	operation	operation	NOUN
fbem-24778	116	37	in	in	ADP
fbem-24778	116	38	2018	2018	NUM
fbem-24778	116	39	,	,	PUNCT
fbem-24778	116	40	luzhou	luzhou	ADJ
fbem-24778	116	41	laojiao	laojiao	NOUN
fbem-24778	116	42	has	have	AUX
fbem-24778	116	43	continuously	continuously	ADV
fbem-24778	116	44	optimized	optimize	VERB
fbem-24778	116	45	the	the	DET
fbem-24778	116	46	quality	quality	NOUN
fbem-24778	116	47	management	management	NOUN
fbem-24778	116	48	and	and	CCONJ
fbem-24778	116	49	traceability	traceability	NOUN
fbem-24778	116	50	ability	ability	NOUN
fbem-24778	116	51	of	of	ADP
fbem-24778	116	52	the	the	DET
fbem-24778	116	53	whole	whole	ADJ
fbem-24778	116	54	life	life	NOUN
fbem-24778	116	55	cycle	cycle	NOUN
fbem-24778	116	56	,	,	PUNCT
fbem-24778	116	57	and	and	CCONJ
fbem-24778	116	58	promoted	promote	VERB
fbem-24778	116	59	the	the	DET
fbem-24778	116	60	implementation	implementation	NOUN
fbem-24778	116	61	and	and	CCONJ
fbem-24778	116	62	continuous	continuous	ADJ
fbem-24778	116	63	upgrading	upgrading	NOUN
fbem-24778	116	64	and	and	CCONJ
fbem-24778	116	65	reform	reform	NOUN
fbem-24778	116	66	of	of	ADP
fbem-24778	116	67	one	one	NUM
fbem-24778	116	68	thing	thing	NOUN
fbem-24778	116	69	one	one	NUM
fbem-24778	116	70	code	code	NOUN
fbem-24778	116	71	,	,	PUNCT
fbem-24778	116	72	so	so	SCONJ
fbem-24778	116	73	that	that	SCONJ
fbem-24778	116	74	the	the	DET
fbem-24778	116	75	enterprise	enterprise	NOUN
fbem-24778	116	76	can	can	AUX
fbem-24778	116	77	know	know	VERB
fbem-24778	116	78	the	the	DET
fbem-24778	116	79	inventory	inventory	NOUN
fbem-24778	116	80	information	information	NOUN
fbem-24778	116	81	of	of	ADP
fbem-24778	116	82	products	product	NOUN
fbem-24778	116	83	in	in	ADP
fbem-24778	116	84	real	real	ADJ
fbem-24778	116	85	time	time	NOUN
fbem-24778	116	86	.	.	PUNCT
fbem-24778	117	1	however	however	ADV
fbem-24778	117	2	,	,	PUNCT
fbem-24778	117	3	considering	consider	VERB
fbem-24778	117	4	that	that	SCONJ
fbem-24778	117	5	the	the	DET
fbem-24778	117	6	inventory	inventory	NOUN
fbem-24778	117	7	turnover	turnover	NOUN
fbem-24778	117	8	capacity	capacity	NOUN
fbem-24778	117	9	of	of	ADP
fbem-24778	117	10	luzhou	luzhou	ADJ
fbem-24778	117	11	laojiao	laojiao	NOUN
fbem-24778	117	12	continues	continue	VERB
fbem-24778	117	13	to	to	PART
fbem-24778	117	14	decline	decline	VERB
fbem-24778	117	15	,	,	PUNCT
fbem-24778	117	16	it	it	PRON
fbem-24778	117	17	is	be	AUX
fbem-24778	117	18	suggested	suggest	VERB
fbem-24778	117	19	that	that	SCONJ
fbem-24778	117	20	luzhou	luzhou	ADJ
fbem-24778	117	21	laojiao	laojiao	NOUN
fbem-24778	117	22	strengthen	strengthen	VERB
fbem-24778	117	23	the	the	DET
fbem-24778	117	24	digital	digital	ADJ
fbem-24778	117	25	construction	construction	NOUN
fbem-24778	117	26	of	of	ADP
fbem-24778	117	27	warehousing	warehousing	NOUN
fbem-24778	117	28	and	and	CCONJ
fbem-24778	117	29	logistics	logistic	NOUN
fbem-24778	117	30	system	system	NOUN
fbem-24778	117	31	.	.	PUNCT
fbem-24778	118	1	through	through	ADP
fbem-24778	118	2	the	the	DET
fbem-24778	118	3	construction	construction	NOUN
fbem-24778	118	4	of	of	ADP
fbem-24778	118	5	logistics	logistic	NOUN
fbem-24778	118	6	informatization	informatization	NOUN
fbem-24778	118	7	,	,	PUNCT
fbem-24778	118	8	the	the	DET
fbem-24778	118	9	physical	physical	ADJ
fbem-24778	118	10	space	space	NOUN
fbem-24778	118	11	movement	movement	NOUN
fbem-24778	118	12	of	of	ADP
fbem-24778	118	13	goods	good	NOUN
fbem-24778	118	14	is	be	AUX
fbem-24778	118	15	transformed	transform	VERB
fbem-24778	118	16	into	into	ADP
fbem-24778	118	17	electronic	electronic	ADJ
fbem-24778	118	18	data	datum	NOUN
fbem-24778	118	19	information	information	NOUN
fbem-24778	118	20	in	in	ADP
fbem-24778	118	21	the	the	DET
fbem-24778	118	22	background	background	NOUN
fbem-24778	118	23	system	system	NOUN
fbem-24778	118	24	in	in	ADP
fbem-24778	118	25	real	real	ADJ
fbem-24778	118	26	time	time	NOUN
fbem-24778	118	27	,	,	PUNCT
fbem-24778	118	28	so	so	SCONJ
fbem-24778	118	29	as	as	SCONJ
fbem-24778	118	30	to	to	PART
fbem-24778	118	31	timely	timely	ADV
fbem-24778	118	32	understand	understand	VERB
fbem-24778	118	33	the	the	DET
fbem-24778	118	34	inventory	inventory	NOUN
fbem-24778	118	35	situation	situation	NOUN
fbem-24778	118	36	of	of	ADP
fbem-24778	118	37	goods	good	NOUN
fbem-24778	118	38	,	,	PUNCT
fbem-24778	118	39	delivery	delivery	NOUN
fbem-24778	118	40	time	time	NOUN
fbem-24778	118	41	and	and	CCONJ
fbem-24778	118	42	other	other	ADJ
fbem-24778	118	43	relevant	relevant	ADJ
fbem-24778	118	44	information	information	NOUN
fbem-24778	118	45	,	,	PUNCT
fbem-24778	118	46	and	and	CCONJ
fbem-24778	118	47	timely	timely	ADJ
fbem-24778	118	48	contact	contact	NOUN
fbem-24778	118	49	with	with	ADP
fbem-24778	118	50	consumers	consumer	NOUN
fbem-24778	118	51	when	when	SCONJ
fbem-24778	118	52	there	there	PRON
fbem-24778	118	53	are	be	VERB
fbem-24778	118	54	problems	problem	NOUN
fbem-24778	118	55	with	with	ADP
fbem-24778	118	56	goods	good	NOUN
fbem-24778	118	57	,	,	PUNCT
fbem-24778	118	58	optimize	optimize	VERB
fbem-24778	118	59	and	and	CCONJ
fbem-24778	118	60	improve	improve	VERB
fbem-24778	118	61	the	the	DET
fbem-24778	118	62	enterprise	enterprise	NOUN
fbem-24778	118	63	products	product	NOUN
fbem-24778	118	64	and	and	CCONJ
fbem-24778	118	65	services	service	NOUN
fbem-24778	118	66	,	,	PUNCT
fbem-24778	118	67	and	and	CCONJ
fbem-24778	118	68	improve	improve	VERB
fbem-24778	118	69	the	the	DET
fbem-24778	118	70	market	market	NOUN
fbem-24778	118	71	competitiveness	competitiveness	NOUN
fbem-24778	118	72	.	.	PUNCT
fbem-24778	119	1	secondly	secondly	ADV
fbem-24778	119	2	,	,	PUNCT
fbem-24778	119	3	luzhou	luzhou	ADJ
fbem-24778	119	4	laojiao	laojiao	NOUN
fbem-24778	119	5	can	can	AUX
fbem-24778	119	6	vigorously	vigorously	ADV
fbem-24778	119	7	improve	improve	VERB
fbem-24778	119	8	the	the	DET
fbem-24778	119	9	technology	technology	NOUN
fbem-24778	119	10	of	of	ADP
fbem-24778	119	11	the	the	DET
fbem-24778	119	12	enterprise	enterprise	NOUN
fbem-24778	119	13	,	,	PUNCT
fbem-24778	119	14	establish	establish	VERB
fbem-24778	119	15	a	a	DET
fbem-24778	119	16	digital	digital	ADJ
fbem-24778	119	17	model	model	NOUN
fbem-24778	119	18	of	of	ADP
fbem-24778	119	19	the	the	DET
fbem-24778	119	20	whole	whole	ADJ
fbem-24778	119	21	process	process	NOUN
fbem-24778	119	22	,	,	PUNCT
fbem-24778	119	23	analyze	analyze	VERB
fbem-24778	119	24	and	and	CCONJ
fbem-24778	119	25	predict	predict	VERB
fbem-24778	119	26	the	the	DET
fbem-24778	119	27	future	future	ADJ
fbem-24778	119	28	sales	sale	NOUN
fbem-24778	119	29	trend	trend	NOUN
fbem-24778	119	30	and	and	CCONJ
fbem-24778	119	31	seasonal	seasonal	ADJ
fbem-24778	119	32	demand	demand	NOUN
fbem-24778	119	33	changes	change	NOUN
fbem-24778	119	34	according	accord	VERB
fbem-24778	119	35	to	to	ADP
fbem-24778	119	36	the	the	DET
fbem-24778	119	37	storage	storage	NOUN
fbem-24778	119	38	data	datum	NOUN
fbem-24778	119	39	,	,	PUNCT
fbem-24778	119	40	which	which	PRON
fbem-24778	119	41	can	can	AUX
fbem-24778	119	42	effectively	effectively	ADV
fbem-24778	119	43	achieve	achieve	VERB
fbem-24778	119	44	the	the	DET
fbem-24778	119	45	purpose	purpose	NOUN
fbem-24778	119	46	of	of	ADP
fbem-24778	119	47	destocking	destocke	VERB
fbem-24778	119	48	,	,	PUNCT
fbem-24778	119	49	reducing	reduce	VERB
fbem-24778	119	50	risks	risk	NOUN
fbem-24778	119	51	,	,	PUNCT
fbem-24778	119	52	reducing	reduce	VERB
fbem-24778	119	53	logistics	logistic	NOUN
fbem-24778	119	54	costs	cost	NOUN
fbem-24778	119	55	,	,	PUNCT
fbem-24778	119	56	and	and	CCONJ
fbem-24778	119	57	providing	provide	VERB
fbem-24778	119	58	capital	capital	NOUN
fbem-24778	119	59	turnover	turnover	NOUN
fbem-24778	119	60	operation	operation	NOUN
fbem-24778	119	61	efficiency	efficiency	NOUN
fbem-24778	119	62	.	.	PUNCT
fbem-24778	120	1	4.2	4.2	NUM
fbem-24778	120	2	.	.	PUNCT
fbem-24778	121	1	rationally	rationally	ADV
fbem-24778	121	2	optimize	optimize	VERB
fbem-24778	121	3	the	the	DET
fbem-24778	121	4	capital	capital	NOUN
fbem-24778	121	5	structure	structure	NOUN
fbem-24778	121	6	the	the	DET
fbem-24778	121	7	unreasonable	unreasonable	ADJ
fbem-24778	121	8	capital	capital	NOUN
fbem-24778	121	9	structure	structure	NOUN
fbem-24778	121	10	will	will	AUX
fbem-24778	121	11	not	not	PART
fbem-24778	121	12	only	only	ADV
fbem-24778	121	13	make	make	VERB
fbem-24778	121	14	the	the	DET
fbem-24778	121	15	debt	debt	NOUN
fbem-24778	121	16	solvency	solvency	NOUN
fbem-24778	121	17	of	of	ADP
fbem-24778	121	18	the	the	DET
fbem-24778	121	19	enterprise	enterprise	NOUN
fbem-24778	121	20	doubtful	doubtful	ADJ
fbem-24778	121	21	,	,	PUNCT
fbem-24778	121	22	but	but	CCONJ
fbem-24778	121	23	also	also	ADV
fbem-24778	121	24	have	have	VERB
fbem-24778	121	25	a	a	DET
fbem-24778	121	26	negative	negative	ADJ
fbem-24778	121	27	impact	impact	NOUN
fbem-24778	121	28	on	on	ADP
fbem-24778	121	29	its	its	PRON
fbem-24778	121	30	business	business	NOUN
fbem-24778	121	31	performance	performance	NOUN
fbem-24778	121	32	,	,	PUNCT
fbem-24778	121	33	thus	thus	ADV
fbem-24778	121	34	increasing	increase	VERB
fbem-24778	121	35	the	the	DET
fbem-24778	121	36	financial	financial	ADJ
fbem-24778	121	37	risk	risk	NOUN
fbem-24778	121	38	in	in	ADP
fbem-24778	121	39	the	the	DET
fbem-24778	121	40	operation	operation	NOUN
fbem-24778	121	41	of	of	ADP
fbem-24778	121	42	the	the	DET
fbem-24778	121	43	enterprise	enterprise	NOUN
fbem-24778	121	44	.	.	PUNCT
fbem-24778	122	1	therefore	therefore	ADV
fbem-24778	122	2	,	,	PUNCT
fbem-24778	122	3	before	before	ADP
fbem-24778	122	4	optimizing	optimize	VERB
fbem-24778	122	5	the	the	DET
fbem-24778	122	6	capital	capital	NOUN
fbem-24778	122	7	structure	structure	NOUN
fbem-24778	122	8	,	,	PUNCT
fbem-24778	122	9	it	it	PRON
fbem-24778	122	10	is	be	AUX
fbem-24778	122	11	necessary	necessary	ADJ
fbem-24778	122	12	to	to	PART
fbem-24778	122	13	make	make	VERB
fbem-24778	122	14	a	a	DET
fbem-24778	122	15	comprehensive	comprehensive	ADJ
fbem-24778	122	16	study	study	NOUN
fbem-24778	122	17	and	and	CCONJ
fbem-24778	122	18	judgment	judgment	NOUN
fbem-24778	122	19	on	on	ADP
fbem-24778	122	20	the	the	DET
fbem-24778	122	21	structure	structure	NOUN
fbem-24778	122	22	,	,	PUNCT
fbem-24778	122	23	scale	scale	NOUN
fbem-24778	122	24	and	and	CCONJ
fbem-24778	122	25	cost	cost	NOUN
fbem-24778	122	26	of	of	ADP
fbem-24778	122	27	debt	debt	NOUN
fbem-24778	122	28	,	,	PUNCT
fbem-24778	122	29	strictly	strictly	ADV
fbem-24778	122	30	control	control	VERB
fbem-24778	122	31	and	and	CCONJ
fbem-24778	122	32	manage	manage	VERB
fbem-24778	122	33	the	the	DET
fbem-24778	122	34	structure	structure	NOUN
fbem-24778	122	35	of	of	ADP
fbem-24778	122	36	debt	debt	NOUN
fbem-24778	122	37	,	,	PUNCT
fbem-24778	122	38	reduce	reduce	VERB
fbem-24778	122	39	the	the	DET
fbem-24778	122	40	probability	probability	NOUN
fbem-24778	122	41	of	of	ADP
fbem-24778	122	42	financial	financial	ADJ
fbem-24778	122	43	risks	risk	NOUN
fbem-24778	122	44	caused	cause	VERB
fbem-24778	122	45	by	by	ADP
fbem-24778	122	46	changes	change	NOUN
fbem-24778	122	47	in	in	ADP
fbem-24778	122	48	the	the	DET
fbem-24778	122	49	market	market	NOUN
fbem-24778	122	50	environment	environment	NOUN
fbem-24778	122	51	,	,	PUNCT
fbem-24778	122	52	industry	industry	NOUN
fbem-24778	122	53	conditions	condition	NOUN
fbem-24778	122	54	,	,	PUNCT
fbem-24778	122	55	national	national	ADJ
fbem-24778	122	56	policies	policy	NOUN
fbem-24778	122	57	and	and	CCONJ
fbem-24778	122	58	other	other	ADJ
fbem-24778	122	59	factors	factor	NOUN
fbem-24778	122	60	,	,	PUNCT
fbem-24778	122	61	so	so	SCONJ
fbem-24778	122	62	that	that	SCONJ
fbem-24778	122	63	the	the	DET
fbem-24778	122	64	business	business	NOUN
fbem-24778	122	65	375	375	NUM
fbem-24778	122	66	activities	activity	NOUN
fbem-24778	122	67	of	of	ADP
fbem-24778	122	68	enterprises	enterprise	NOUN
fbem-24778	122	69	can	can	AUX
fbem-24778	122	70	play	play	VERB
fbem-24778	122	71	the	the	DET
fbem-24778	122	72	optimal	optimal	ADJ
fbem-24778	122	73	effect	effect	NOUN
fbem-24778	122	74	,	,	PUNCT
fbem-24778	122	75	maintain	maintain	VERB
fbem-24778	122	76	its	its	PRON
fbem-24778	122	77	good	good	ADJ
fbem-24778	122	78	operation	operation	NOUN
fbem-24778	122	79	,	,	PUNCT
fbem-24778	122	80	and	and	CCONJ
fbem-24778	122	81	ensure	ensure	VERB
fbem-24778	122	82	the	the	DET
fbem-24778	122	83	enterprise	enterprise	NOUN
fbem-24778	122	84	the	the	DET
fbem-24778	122	85	daily	daily	ADJ
fbem-24778	122	86	operation	operation	NOUN
fbem-24778	122	87	of	of	ADP
fbem-24778	122	88	the	the	DET
fbem-24778	122	89	industry	industry	NOUN
fbem-24778	122	90	can	can	AUX
fbem-24778	122	91	develop	develop	VERB
fbem-24778	122	92	continuously	continuously	ADV
fbem-24778	122	93	and	and	CCONJ
fbem-24778	122	94	healthily	healthily	ADV
fbem-24778	122	95	.	.	PUNCT
fbem-24778	123	1	through	through	ADP
fbem-24778	123	2	the	the	DET
fbem-24778	123	3	analysis	analysis	NOUN
fbem-24778	123	4	of	of	ADP
fbem-24778	123	5	the	the	DET
fbem-24778	123	6	debt	debt	NOUN
fbem-24778	123	7	paying	pay	VERB
fbem-24778	123	8	ability	ability	NOUN
fbem-24778	123	9	of	of	ADP
fbem-24778	123	10	luzhou	luzhou	ADJ
fbem-24778	123	11	laojiao	laojiao	NOUN
fbem-24778	123	12	,	,	PUNCT
fbem-24778	123	13	it	it	PRON
fbem-24778	123	14	can	can	AUX
fbem-24778	123	15	be	be	AUX
fbem-24778	123	16	found	find	VERB
fbem-24778	123	17	that	that	SCONJ
fbem-24778	123	18	after	after	ADP
fbem-24778	123	19	the	the	DET
fbem-24778	123	20	realization	realization	NOUN
fbem-24778	123	21	of	of	ADP
fbem-24778	123	22	the	the	DET
fbem-24778	123	23	digital	digital	ADJ
fbem-24778	123	24	transformation	transformation	NOUN
fbem-24778	123	25	strategy	strategy	NOUN
fbem-24778	123	26	,	,	PUNCT
fbem-24778	123	27	although	although	SCONJ
fbem-24778	123	28	the	the	DET
fbem-24778	123	29	short	short	ADJ
fbem-24778	123	30	-	-	PUNCT
fbem-24778	123	31	term	term	NOUN
fbem-24778	123	32	debt	debt	NOUN
fbem-24778	123	33	paying	pay	VERB
fbem-24778	123	34	ability	ability	NOUN
fbem-24778	123	35	of	of	ADP
fbem-24778	123	36	luzhou	luzhou	ADJ
fbem-24778	123	37	laojiao	laojiao	NOUN
fbem-24778	123	38	is	be	AUX
fbem-24778	123	39	good	good	ADJ
fbem-24778	123	40	,	,	PUNCT
fbem-24778	123	41	the	the	DET
fbem-24778	123	42	asset	asset	NOUN
fbem-24778	123	43	-	-	PUNCT
fbem-24778	123	44	liability	liability	NOUN
fbem-24778	123	45	ratio	ratio	NOUN
fbem-24778	123	46	has	have	VERB
fbem-24778	123	47	an	an	DET
fbem-24778	123	48	obvious	obvious	ADJ
fbem-24778	123	49	upward	upward	ADJ
fbem-24778	123	50	trend	trend	NOUN
fbem-24778	123	51	,	,	PUNCT
fbem-24778	123	52	and	and	CCONJ
fbem-24778	123	53	its	its	PRON
fbem-24778	123	54	debt	debt	NOUN
fbem-24778	123	55	paying	pay	VERB
fbem-24778	123	56	risk	risk	NOUN
fbem-24778	123	57	can	can	AUX
fbem-24778	123	58	not	not	PART
fbem-24778	123	59	be	be	AUX
fbem-24778	123	60	ignored	ignore	VERB
fbem-24778	123	61	.	.	PUNCT
fbem-24778	124	1	considering	consider	VERB
fbem-24778	124	2	that	that	SCONJ
fbem-24778	124	3	this	this	PRON
fbem-24778	124	4	may	may	AUX
fbem-24778	124	5	be	be	AUX
fbem-24778	124	6	because	because	SCONJ
fbem-24778	124	7	the	the	DET
fbem-24778	124	8	enterprise	enterprise	NOUN
fbem-24778	124	9	does	do	AUX
fbem-24778	124	10	not	not	PART
fbem-24778	124	11	make	make	VERB
fbem-24778	124	12	good	good	ADJ
fbem-24778	124	13	use	use	NOUN
fbem-24778	124	14	of	of	ADP
fbem-24778	124	15	financial	financial	ADJ
fbem-24778	124	16	leverage	leverage	NOUN
fbem-24778	124	17	and	and	CCONJ
fbem-24778	124	18	is	be	AUX
fbem-24778	124	19	not	not	PART
fbem-24778	124	20	good	good	ADJ
fbem-24778	124	21	at	at	ADP
fbem-24778	124	22	using	use	VERB
fbem-24778	124	23	external	external	ADJ
fbem-24778	124	24	funds	fund	NOUN
fbem-24778	124	25	,	,	PUNCT
fbem-24778	124	26	it	it	PRON
fbem-24778	124	27	is	be	AUX
fbem-24778	124	28	suggested	suggest	VERB
fbem-24778	124	29	that	that	SCONJ
fbem-24778	124	30	luzhou	luzhou	ADJ
fbem-24778	124	31	laojiao	laojiao	NOUN
fbem-24778	124	32	can	can	AUX
fbem-24778	124	33	optimize	optimize	VERB
fbem-24778	124	34	its	its	PRON
fbem-24778	124	35	capital	capital	NOUN
fbem-24778	124	36	structure	structure	NOUN
fbem-24778	124	37	reasonably	reasonably	ADV
fbem-24778	124	38	and	and	CCONJ
fbem-24778	124	39	moderately	moderately	ADV
fbem-24778	124	40	increase	increase	VERB
fbem-24778	124	41	the	the	DET
fbem-24778	124	42	proportion	proportion	NOUN
fbem-24778	124	43	of	of	ADP
fbem-24778	124	44	financial	financial	ADJ
fbem-24778	124	45	liabilities	liability	NOUN
fbem-24778	124	46	.	.	PUNCT
fbem-24778	125	1	for	for	ADP
fbem-24778	125	2	example	example	NOUN
fbem-24778	125	3	,	,	PUNCT
fbem-24778	125	4	increase	increase	VERB
fbem-24778	125	5	the	the	DET
fbem-24778	125	6	use	use	NOUN
fbem-24778	125	7	of	of	ADP
fbem-24778	125	8	loans	loan	NOUN
fbem-24778	125	9	and	and	CCONJ
fbem-24778	125	10	trust	trust	NOUN
fbem-24778	125	11	products	product	NOUN
fbem-24778	125	12	from	from	ADP
fbem-24778	125	13	financial	financial	ADJ
fbem-24778	125	14	institutions	institution	NOUN
fbem-24778	125	15	or	or	CCONJ
fbem-24778	125	16	banks	bank	NOUN
fbem-24778	125	17	.	.	PUNCT
fbem-24778	126	1	in	in	ADP
fbem-24778	126	2	addition	addition	NOUN
fbem-24778	126	3	,	,	PUNCT
fbem-24778	126	4	because	because	SCONJ
fbem-24778	126	5	luzhou	luzhou	ADJ
fbem-24778	126	6	laojiao	laojiao	NOUN
fbem-24778	126	7	has	have	AUX
fbem-24778	126	8	carried	carry	VERB
fbem-24778	126	9	out	out	ADP
fbem-24778	126	10	a	a	DET
fbem-24778	126	11	large	large	ADJ
fbem-24778	126	12	number	number	NOUN
fbem-24778	126	13	of	of	ADP
fbem-24778	126	14	engineering	engineering	NOUN
fbem-24778	126	15	projects	project	NOUN
fbem-24778	126	16	in	in	ADP
fbem-24778	126	17	the	the	DET
fbem-24778	126	18	process	process	NOUN
fbem-24778	126	19	of	of	ADP
fbem-24778	126	20	digital	digital	ADJ
fbem-24778	126	21	transformation	transformation	NOUN
fbem-24778	126	22	,	,	PUNCT
fbem-24778	126	23	it	it	PRON
fbem-24778	126	24	has	have	VERB
fbem-24778	126	25	high	high	ADJ
fbem-24778	126	26	requirements	requirement	NOUN
fbem-24778	126	27	for	for	ADP
fbem-24778	126	28	equipment	equipment	NOUN
fbem-24778	126	29	and	and	CCONJ
fbem-24778	126	30	technology	technology	NOUN
fbem-24778	126	31	.	.	PUNCT
fbem-24778	127	1	therefore	therefore	ADV
fbem-24778	127	2	,	,	PUNCT
fbem-24778	127	3	luzhou	luzhou	ADJ
fbem-24778	127	4	laojiao	laojiao	NOUN
fbem-24778	127	5	can	can	AUX
fbem-24778	127	6	consider	consider	VERB
fbem-24778	127	7	using	use	VERB
fbem-24778	127	8	leverage	leverage	NOUN
fbem-24778	127	9	leasing	leasing	NOUN
fbem-24778	127	10	,	,	PUNCT
fbem-24778	127	11	which	which	PRON
fbem-24778	127	12	can	can	AUX
fbem-24778	127	13	not	not	PART
fbem-24778	127	14	only	only	ADV
fbem-24778	127	15	meet	meet	VERB
fbem-24778	127	16	the	the	DET
fbem-24778	127	17	requirements	requirement	NOUN
fbem-24778	127	18	of	of	ADP
fbem-24778	127	19	equipment	equipment	NOUN
fbem-24778	127	20	supply	supply	NOUN
fbem-24778	127	21	and	and	CCONJ
fbem-24778	127	22	technology	technology	NOUN
fbem-24778	127	23	upgrading	upgrading	NOUN
fbem-24778	127	24	,	,	PUNCT
fbem-24778	127	25	but	but	CCONJ
fbem-24778	127	26	also	also	ADV
fbem-24778	127	27	create	create	VERB
fbem-24778	127	28	greater	great	ADJ
fbem-24778	127	29	benefits	benefit	NOUN
fbem-24778	127	30	by	by	ADP
fbem-24778	127	31	reducing	reduce	VERB
fbem-24778	127	32	costs	cost	NOUN
fbem-24778	127	33	and	and	CCONJ
fbem-24778	127	34	increasing	increase	VERB
fbem-24778	127	35	efficiency	efficiency	NOUN
fbem-24778	127	36	.	.	PUNCT
fbem-24778	128	1	4.3	4.3	NUM
fbem-24778	128	2	.	.	PUNCT
fbem-24778	129	1	strengthen	strengthen	VERB
fbem-24778	129	2	technological	technological	ADJ
fbem-24778	129	3	innovation	innovation	NOUN
fbem-24778	129	4	and	and	CCONJ
fbem-24778	129	5	enrich	enrich	VERB
fbem-24778	129	6	product	product	NOUN
fbem-24778	129	7	mix	mix	NOUN
fbem-24778	129	8	luzhou	luzhou	ADJ
fbem-24778	129	9	laojiao	laojiao	NOUN
fbem-24778	129	10	,	,	PUNCT
fbem-24778	129	11	as	as	ADP
fbem-24778	129	12	a	a	DET
fbem-24778	129	13	leader	leader	NOUN
fbem-24778	129	14	in	in	ADP
fbem-24778	129	15	china	china	PROPN
fbem-24778	129	16	's	's	PART
fbem-24778	129	17	liquor	liquor	NOUN
fbem-24778	129	18	industry	industry	NOUN
fbem-24778	129	19	,	,	PUNCT
fbem-24778	129	20	has	have	AUX
fbem-24778	129	21	always	always	ADV
fbem-24778	129	22	focused	focus	VERB
fbem-24778	129	23	its	its	PRON
fbem-24778	129	24	core	core	NOUN
fbem-24778	129	25	business	business	NOUN
fbem-24778	129	26	on	on	ADP
fbem-24778	129	27	liquor	liquor	NOUN
fbem-24778	129	28	sales	sale	NOUN
fbem-24778	129	29	.	.	PUNCT
fbem-24778	130	1	however	however	ADV
fbem-24778	130	2	,	,	PUNCT
fbem-24778	130	3	with	with	ADP
fbem-24778	130	4	the	the	DET
fbem-24778	130	5	change	change	NOUN
fbem-24778	130	6	of	of	ADP
fbem-24778	130	7	times	time	NOUN
fbem-24778	130	8	and	and	CCONJ
fbem-24778	130	9	the	the	DET
fbem-24778	130	10	diversification	diversification	NOUN
fbem-24778	130	11	of	of	ADP
fbem-24778	130	12	consumer	consumer	NOUN
fbem-24778	130	13	tastes	taste	NOUN
fbem-24778	130	14	,	,	PUNCT
fbem-24778	130	15	the	the	DET
fbem-24778	130	16	liquor	liquor	NOUN
fbem-24778	130	17	market	market	NOUN
fbem-24778	130	18	is	be	AUX
fbem-24778	130	19	experiencing	experience	VERB
fbem-24778	130	20	unprecedented	unprecedented	ADJ
fbem-24778	130	21	changes	change	NOUN
fbem-24778	130	22	.	.	PUNCT
fbem-24778	131	1	among	among	ADP
fbem-24778	131	2	them	they	PRON
fbem-24778	131	3	,	,	PUNCT
fbem-24778	131	4	the	the	DET
fbem-24778	131	5	most	most	ADV
fbem-24778	131	6	significant	significant	ADJ
fbem-24778	131	7	trend	trend	NOUN
fbem-24778	131	8	is	be	AUX
fbem-24778	131	9	the	the	DET
fbem-24778	131	10	younger	young	ADJ
fbem-24778	131	11	consumer	consumer	NOUN
fbem-24778	131	12	groups	group	NOUN
fbem-24778	131	13	.	.	PUNCT
fbem-24778	132	1	there	there	PRON
fbem-24778	132	2	is	be	VERB
fbem-24778	132	3	a	a	DET
fbem-24778	132	4	significant	significant	ADJ
fbem-24778	132	5	difference	difference	NOUN
fbem-24778	132	6	between	between	ADP
fbem-24778	132	7	the	the	DET
fbem-24778	132	8	young	young	ADJ
fbem-24778	132	9	generation	generation	NOUN
fbem-24778	132	10	of	of	ADP
fbem-24778	132	11	consumers	consumer	NOUN
fbem-24778	132	12	and	and	CCONJ
fbem-24778	132	13	the	the	DET
fbem-24778	132	14	traditional	traditional	ADJ
fbem-24778	132	15	consumer	consumer	NOUN
fbem-24778	132	16	groups	group	NOUN
fbem-24778	132	17	in	in	ADP
fbem-24778	132	18	their	their	PRON
fbem-24778	132	19	consumption	consumption	NOUN
fbem-24778	132	20	attitude	attitude	NOUN
fbem-24778	132	21	and	and	CCONJ
fbem-24778	132	22	behavior	behavior	NOUN
fbem-24778	132	23	toward	toward	ADP
fbem-24778	132	24	liquor	liquor	NOUN
fbem-24778	132	25	.	.	PUNCT
fbem-24778	133	1	in	in	ADP
fbem-24778	133	2	the	the	DET
fbem-24778	133	3	face	face	NOUN
fbem-24778	133	4	of	of	ADP
fbem-24778	133	5	this	this	DET
fbem-24778	133	6	market	market	NOUN
fbem-24778	133	7	change	change	NOUN
fbem-24778	133	8	,	,	PUNCT
fbem-24778	133	9	luzhou	luzhou	ADJ
fbem-24778	133	10	laojiao	laojiao	NOUN
fbem-24778	133	11	can	can	AUX
fbem-24778	133	12	make	make	VERB
fbem-24778	133	13	use	use	NOUN
fbem-24778	133	14	of	of	ADP
fbem-24778	133	15	the	the	DET
fbem-24778	133	16	consumer	consumer	NOUN
fbem-24778	133	17	portrait	portrait	NOUN
fbem-24778	133	18	constructed	construct	VERB
fbem-24778	133	19	by	by	ADP
fbem-24778	133	20	using	use	VERB
fbem-24778	133	21	big	big	ADJ
fbem-24778	133	22	data	datum	NOUN
fbem-24778	133	23	and	and	CCONJ
fbem-24778	133	24	artificial	artificial	ADJ
fbem-24778	133	25	intelligence	intelligence	NOUN
fbem-24778	133	26	technology	technology	NOUN
fbem-24778	133	27	in	in	ADP
fbem-24778	133	28	the	the	DET
fbem-24778	133	29	process	process	NOUN
fbem-24778	133	30	of	of	ADP
fbem-24778	133	31	digital	digital	ADJ
fbem-24778	133	32	transformation	transformation	NOUN
fbem-24778	133	33	to	to	PART
fbem-24778	133	34	carefully	carefully	ADV
fbem-24778	133	35	grasp	grasp	VERB
fbem-24778	133	36	the	the	DET
fbem-24778	133	37	individual	individual	ADJ
fbem-24778	133	38	needs	need	NOUN
fbem-24778	133	39	and	and	CCONJ
fbem-24778	133	40	preferences	preference	NOUN
fbem-24778	133	41	of	of	ADP
fbem-24778	133	42	consumers	consumer	NOUN
fbem-24778	133	43	,	,	PUNCT
fbem-24778	133	44	increase	increase	VERB
fbem-24778	133	45	investment	investment	NOUN
fbem-24778	133	46	in	in	ADP
fbem-24778	133	47	research	research	NOUN
fbem-24778	133	48	and	and	CCONJ
fbem-24778	133	49	development	development	NOUN
fbem-24778	133	50	,	,	PUNCT
fbem-24778	133	51	constantly	constantly	ADV
fbem-24778	133	52	explore	explore	VERB
fbem-24778	133	53	and	and	CCONJ
fbem-24778	133	54	try	try	VERB
fbem-24778	133	55	new	new	ADJ
fbem-24778	133	56	technologies	technology	NOUN
fbem-24778	133	57	and	and	CCONJ
fbem-24778	133	58	processes	process	NOUN
fbem-24778	133	59	,	,	PUNCT
fbem-24778	133	60	and	and	CCONJ
fbem-24778	133	61	enrich	enrich	VERB
fbem-24778	133	62	and	and	CCONJ
fbem-24778	133	63	optimize	optimize	VERB
fbem-24778	133	64	the	the	DET
fbem-24778	133	65	product	product	NOUN
fbem-24778	133	66	structure	structure	NOUN
fbem-24778	133	67	.	.	PUNCT
fbem-24778	134	1	the	the	DET
fbem-24778	134	2	company	company	NOUN
fbem-24778	134	3	actively	actively	ADV
fbem-24778	134	4	develops	develop	VERB
fbem-24778	134	5	more	more	ADJ
fbem-24778	134	6	products	product	NOUN
fbem-24778	134	7	that	that	PRON
fbem-24778	134	8	meet	meet	VERB
fbem-24778	134	9	the	the	DET
fbem-24778	134	10	needs	need	NOUN
fbem-24778	134	11	of	of	ADP
fbem-24778	134	12	young	young	ADJ
fbem-24778	134	13	consumers	consumer	NOUN
fbem-24778	134	14	,	,	PUNCT
fbem-24778	134	15	such	such	ADJ
fbem-24778	134	16	as	as	ADP
fbem-24778	134	17	liquor	liquor	NOUN
fbem-24778	134	18	products	product	NOUN
fbem-24778	134	19	with	with	ADP
fbem-24778	134	20	softer	soft	ADJ
fbem-24778	134	21	taste	taste	NOUN
fbem-24778	134	22	,	,	PUNCT
fbem-24778	134	23	more	more	ADV
fbem-24778	134	24	fashionable	fashionable	ADJ
fbem-24778	134	25	packaging	packaging	NOUN
fbem-24778	134	26	and	and	CCONJ
fbem-24778	134	27	richer	rich	ADJ
fbem-24778	134	28	cultural	cultural	ADJ
fbem-24778	134	29	connotation	connotation	NOUN
fbem-24778	134	30	.	.	PUNCT
fbem-24778	135	1	these	these	DET
fbem-24778	135	2	new	new	ADJ
fbem-24778	135	3	products	product	NOUN
fbem-24778	135	4	not	not	PART
fbem-24778	135	5	only	only	ADV
fbem-24778	135	6	meet	meet	VERB
fbem-24778	135	7	the	the	DET
fbem-24778	135	8	personalized	personalize	VERB
fbem-24778	135	9	needs	need	NOUN
fbem-24778	135	10	of	of	ADP
fbem-24778	135	11	young	young	ADJ
fbem-24778	135	12	consumers	consumer	NOUN
fbem-24778	135	13	,	,	PUNCT
fbem-24778	135	14	but	but	CCONJ
fbem-24778	135	15	also	also	ADV
fbem-24778	135	16	improve	improve	VERB
fbem-24778	135	17	the	the	DET
fbem-24778	135	18	competitiveness	competitiveness	NOUN
fbem-24778	135	19	of	of	ADP
fbem-24778	135	20	luzhou	luzhou	ADJ
fbem-24778	135	21	laojiao	laojiao	NOUN
fbem-24778	135	22	in	in	ADP
fbem-24778	135	23	the	the	DET
fbem-24778	135	24	market	market	NOUN
fbem-24778	135	25	,	,	PUNCT
fbem-24778	135	26	and	and	CCONJ
fbem-24778	135	27	bring	bring	VERB
fbem-24778	135	28	about	about	ADP
fbem-24778	135	29	a	a	DET
fbem-24778	135	30	significant	significant	ADJ
fbem-24778	135	31	improvement	improvement	NOUN
fbem-24778	135	32	in	in	ADP
fbem-24778	135	33	the	the	DET
fbem-24778	135	34	financial	financial	ADJ
fbem-24778	135	35	performance	performance	NOUN
fbem-24778	135	36	of	of	ADP
fbem-24778	135	37	the	the	DET
fbem-24778	135	38	enterprise	enterprise	NOUN
fbem-24778	135	39	.	.	PUNCT
fbem-24778	136	1	5	5	X
fbem-24778	136	2	.	.	X
fbem-24778	136	3	conclusions	conclusion	NOUN
fbem-24778	136	4	luzhou	luzhou	PROPN
fbem-24778	136	5	laojiao	laojiao	NOUN
fbem-24778	136	6	still	still	ADV
fbem-24778	136	7	needs	need	VERB
fbem-24778	136	8	to	to	PART
fbem-24778	136	9	strengthen	strengthen	VERB
fbem-24778	136	10	its	its	PRON
fbem-24778	136	11	solvency	solvency	NOUN
fbem-24778	136	12	,	,	PUNCT
fbem-24778	136	13	and	and	CCONJ
fbem-24778	136	14	its	its	PRON
fbem-24778	136	15	current	current	ADJ
fbem-24778	136	16	ratio	ratio	NOUN
fbem-24778	136	17	and	and	CCONJ
fbem-24778	136	18	quick	quick	ADJ
fbem-24778	136	19	ratio	ratio	NOUN
fbem-24778	136	20	are	be	AUX
fbem-24778	136	21	lower	low	ADJ
fbem-24778	136	22	than	than	ADP
fbem-24778	136	23	the	the	DET
fbem-24778	136	24	industry	industry	NOUN
fbem-24778	136	25	average	average	NOUN
fbem-24778	136	26	.	.	PUNCT
fbem-24778	137	1	at	at	ADP
fbem-24778	137	2	the	the	DET
fbem-24778	137	3	same	same	ADJ
fbem-24778	137	4	time	time	NOUN
fbem-24778	137	5	,	,	PUNCT
fbem-24778	137	6	operating	operating	NOUN
fbem-24778	137	7	capacity	capacity	NOUN
fbem-24778	137	8	is	be	AUX
fbem-24778	137	9	facing	face	VERB
fbem-24778	137	10	challenges	challenge	NOUN
fbem-24778	137	11	,	,	PUNCT
fbem-24778	137	12	inventory	inventory	NOUN
fbem-24778	137	13	turnover	turnover	NOUN
fbem-24778	137	14	decreased	decrease	VERB
fbem-24778	137	15	year	year	NOUN
fbem-24778	137	16	by	by	ADP
fbem-24778	137	17	year	year	NOUN
fbem-24778	137	18	,	,	PUNCT
fbem-24778	137	19	and	and	CCONJ
fbem-24778	137	20	capital	capital	NOUN
fbem-24778	137	21	occupation	occupation	NOUN
fbem-24778	137	22	level	level	NOUN
fbem-24778	137	23	is	be	AUX
fbem-24778	137	24	high	high	ADJ
fbem-24778	137	25	.	.	PUNCT
fbem-24778	138	1	still	still	ADV
fbem-24778	138	2	,	,	PUNCT
fbem-24778	138	3	luzhou	luzhou	ADJ
fbem-24778	138	4	laojiao	laojiao	NOUN
fbem-24778	138	5	has	have	AUX
fbem-24778	138	6	kept	keep	VERB
fbem-24778	138	7	its	its	PRON
fbem-24778	138	8	asset	asset	NOUN
fbem-24778	138	9	-	-	PUNCT
fbem-24778	138	10	liability	liability	NOUN
fbem-24778	138	11	ratio	ratio	NOUN
fbem-24778	138	12	low	low	ADJ
fbem-24778	138	13	,	,	PUNCT
fbem-24778	138	14	showing	show	VERB
fbem-24778	138	15	a	a	DET
fbem-24778	138	16	solid	solid	ADJ
fbem-24778	138	17	financial	financial	ADJ
fbem-24778	138	18	position	position	NOUN
fbem-24778	138	19	.	.	PUNCT
fbem-24778	139	1	to	to	PART
fbem-24778	139	2	cope	cope	VERB
fbem-24778	139	3	with	with	ADP
fbem-24778	139	4	these	these	DET
fbem-24778	139	5	challenges	challenge	NOUN
fbem-24778	139	6	,	,	PUNCT
fbem-24778	139	7	luzhou	luzhou	ADJ
fbem-24778	139	8	laojiao	laojiao	NOUN
fbem-24778	139	9	should	should	AUX
fbem-24778	139	10	continue	continue	VERB
fbem-24778	139	11	to	to	PART
fbem-24778	139	12	promote	promote	VERB
fbem-24778	139	13	digital	digital	ADJ
fbem-24778	139	14	transformation	transformation	NOUN
fbem-24778	139	15	,	,	PUNCT
fbem-24778	139	16	while	while	SCONJ
fbem-24778	139	17	focusing	focus	VERB
fbem-24778	139	18	on	on	ADP
fbem-24778	139	19	inventory	inventory	NOUN
fbem-24778	139	20	management	management	NOUN
fbem-24778	139	21	and	and	CCONJ
fbem-24778	139	22	accounts	account	VERB
fbem-24778	139	23	receivable	receivable	ADJ
fbem-24778	139	24	turnover	turnover	NOUN
fbem-24778	139	25	to	to	PART
fbem-24778	139	26	improve	improve	VERB
fbem-24778	139	27	capital	capital	NOUN
fbem-24778	139	28	utilization	utilization	NOUN
fbem-24778	139	29	efficiency	efficiency	NOUN
fbem-24778	139	30	.	.	PUNCT
fbem-24778	140	1	in	in	ADP
fbem-24778	140	2	addition	addition	NOUN
fbem-24778	140	3	,	,	PUNCT
fbem-24778	140	4	the	the	DET
fbem-24778	140	5	establishment	establishment	NOUN
fbem-24778	140	6	of	of	ADP
fbem-24778	140	7	digital	digital	ADJ
fbem-24778	140	8	warehousing	warehousing	NOUN
fbem-24778	140	9	and	and	CCONJ
fbem-24778	140	10	logistics	logistic	NOUN
fbem-24778	140	11	,	,	PUNCT
fbem-24778	140	12	rational	rational	ADJ
fbem-24778	140	13	optimization	optimization	NOUN
fbem-24778	140	14	of	of	ADP
fbem-24778	140	15	capital	capital	NOUN
fbem-24778	140	16	structure	structure	NOUN
fbem-24778	140	17	and	and	CCONJ
fbem-24778	140	18	strengthening	strengthening	NOUN
fbem-24778	140	19	of	of	ADP
fbem-24778	140	20	technological	technological	ADJ
fbem-24778	140	21	innovation	innovation	NOUN
fbem-24778	140	22	are	be	AUX
fbem-24778	140	23	also	also	ADV
fbem-24778	140	24	key	key	ADJ
fbem-24778	140	25	to	to	ADP
fbem-24778	140	26	driving	drive	VERB
fbem-24778	140	27	development	development	NOUN
fbem-24778	140	28	.	.	PUNCT
fbem-24778	141	1	through	through	ADP
fbem-24778	141	2	these	these	DET
fbem-24778	141	3	measures	measure	NOUN
fbem-24778	141	4	,	,	PUNCT
fbem-24778	141	5	luzhou	luzhou	ADJ
fbem-24778	141	6	laojiao	laojiao	NOUN
fbem-24778	141	7	is	be	AUX
fbem-24778	141	8	expected	expect	VERB
fbem-24778	141	9	to	to	PART
fbem-24778	141	10	further	far	ADV
fbem-24778	141	11	consolidate	consolidate	VERB
fbem-24778	141	12	and	and	CCONJ
fbem-24778	141	13	enhance	enhance	VERB
fbem-24778	141	14	its	its	PRON
fbem-24778	141	15	market	market	NOUN
fbem-24778	141	16	position	position	NOUN
fbem-24778	141	17	and	and	CCONJ
fbem-24778	141	18	achieve	achieve	VERB
fbem-24778	141	19	sustainable	sustainable	ADJ
fbem-24778	141	20	development	development	NOUN
fbem-24778	141	21	.	.	PUNCT
fbem-24778	142	1	references	reference	NOUN
fbem-24778	142	2	[	[	X
fbem-24778	142	3	1	1	NUM
fbem-24778	142	4	]	]	X
fbem-24778	142	5	lu	lu	PROPN
fbem-24778	142	6	jieying	jieying	PROPN
fbem-24778	142	7	.	.	PUNCT
fbem-24778	143	1	research	research	NOUN
fbem-24778	143	2	on	on	ADP
fbem-24778	143	3	value	value	NOUN
fbem-24778	143	4	creation	creation	NOUN
fbem-24778	143	5	of	of	ADP
fbem-24778	143	6	time	time	NOUN
fbem-24778	143	7	-	-	PUNCT
fbem-24778	143	8	honored	honor	VERB
fbem-24778	143	9	enterprises	enterprise	NOUN
fbem-24778	143	10	enabled	enable	VERB
fbem-24778	143	11	by	by	ADP
fbem-24778	143	12	digital	digital	ADJ
fbem-24778	143	13	transformation	transformation	NOUN
fbem-24778	144	1	[	[	X
fbem-24778	144	2	d	d	X
fbem-24778	144	3	]	]	X
fbem-24778	144	4	.	.	PUNCT
fbem-24778	145	1	changsha	changsha	PROPN
fbem-24778	145	2	university	university	PROPN
fbem-24778	145	3	of	of	ADP
fbem-24778	145	4	science	science	NOUN
fbem-24778	145	5	and	and	CCONJ
fbem-24778	145	6	technology	technology	NOUN
fbem-24778	145	7	,	,	PUNCT
fbem-24778	145	8	2022	2022	NUM
fbem-24778	145	9	.	.	PUNCT
fbem-24778	146	1	[	[	X
fbem-24778	146	2	2	2	NUM
fbem-24778	146	3	]	]	X
fbem-24778	146	4	li	li	PROPN
fbem-24778	146	5	chang	chang	PROPN
fbem-24778	146	6	.	.	PUNCT
fbem-24778	147	1	research	research	NOUN
fbem-24778	147	2	on	on	ADP
fbem-24778	147	3	financial	financial	ADJ
fbem-24778	147	4	performance	performance	NOUN
fbem-24778	147	5	of	of	ADP
fbem-24778	147	6	liquor	liquor	NOUN
fbem-24778	147	7	industry	industry	NOUN
fbem-24778	147	8	based	base	VERB
fbem-24778	147	9	on	on	ADP
fbem-24778	147	10	digital	digital	ADJ
fbem-24778	147	11	transformation	transformation	NOUN
fbem-24778	148	1	[	[	X
fbem-24778	148	2	d	d	X
fbem-24778	148	3	]	]	X
fbem-24778	148	4	.	.	PUNCT
fbem-24778	149	1	harbin	harbin	PROPN
fbem-24778	149	2	university	university	PROPN
fbem-24778	149	3	of	of	ADP
fbem-24778	149	4	commerce	commerce	PROPN
fbem-24778	149	5	,	,	PUNCT
fbem-24778	149	6	2022	2022	NUM
fbem-24778	149	7	.	.	PUNCT
fbem-24778	150	1	[	[	X
fbem-24778	150	2	3	3	X
fbem-24778	150	3	]	]	X
fbem-24778	150	4	li	li	PROPN
fbem-24778	150	5	jie	jie	PROPN
fbem-24778	150	6	,	,	PUNCT
fbem-24778	150	7	qi	qi	PROPN
fbem-24778	150	8	celebrated	celebrate	VERB
fbem-24778	150	9	.	.	PUNCT
fbem-24778	151	1	research	research	NOUN
fbem-24778	151	2	on	on	ADP
fbem-24778	151	3	performance	performance	NOUN
fbem-24778	151	4	evaluation	evaluation	NOUN
fbem-24778	151	5	system	system	NOUN
fbem-24778	151	6	of	of	ADP
fbem-24778	151	7	cultural	cultural	ADJ
fbem-24778	151	8	media	medium	NOUN
fbem-24778	151	9	listed	list	VERB
fbem-24778	151	10	companies	company	NOUN
fbem-24778	152	1	[	[	X
fbem-24778	152	2	j	j	X
fbem-24778	152	3	]	]	X
fbem-24778	152	4	.	.	PUNCT
fbem-24778	153	1	journal	journal	PROPN
fbem-24778	153	2	of	of	ADP
fbem-24778	153	3	southeast	southeast	PROPN
fbem-24778	153	4	university	university	PROPN
fbem-24778	153	5	(	(	PUNCT
fbem-24778	153	6	philosophy	philosophy	NOUN
fbem-24778	153	7	and	and	CCONJ
fbem-24778	153	8	social	social	ADJ
fbem-24778	153	9	sciences	science	NOUN
fbem-24778	153	10	edition	edition	NOUN
fbem-24778	153	11	)	)	PUNCT
fbem-24778	153	12	,	,	PUNCT
fbem-24778	153	13	2015	2015	NUM
fbem-24778	153	14	,	,	PUNCT
fbem-24778	153	15	17(s2):44	17(s2):44	NUM
fbem-24778	153	16	-	-	SYM
fbem-24778	153	17	46	46	NUM
fbem-24778	153	18	.	.	PUNCT
fbem-24778	154	1	[	[	X
fbem-24778	154	2	4	4	NUM
fbem-24778	154	3	]	]	PUNCT
fbem-24778	154	4	xiao	xiao	PROPN
fbem-24778	154	5	y.	y.	PROPN
fbem-24778	154	6	financial	financial	ADJ
fbem-24778	154	7	analysis	analysis	NOUN
fbem-24778	154	8	of	of	ADP
fbem-24778	154	9	luzhou	luzhou	ADJ
fbem-24778	154	10	laojiao	laojiao	NOUN
fbem-24778	154	11	based	base	VERB
fbem-24778	154	12	on	on	ADP
fbem-24778	154	13	harvard	harvard	PROPN
fbem-24778	154	14	analysis	analysis	NOUN
fbem-24778	154	15	framework	framework	NOUN
fbem-24778	155	1	[	[	X
fbem-24778	155	2	d	d	X
fbem-24778	155	3	]	]	X
fbem-24778	155	4	.	.	PUNCT
fbem-24778	156	1	central	central	PROPN
fbem-24778	156	2	south	south	PROPN
fbem-24778	156	3	university	university	PROPN
fbem-24778	156	4	of	of	ADP
fbem-24778	156	5	forestry	forestry	NOUN
fbem-24778	156	6	and	and	CCONJ
fbem-24778	156	7	technology	technology	NOUN
fbem-24778	156	8	,	,	PUNCT
fbem-24778	156	9	2021	2021	NUM
fbem-24778	156	10	.	.	PUNCT
fbem-24778	157	1	(	(	PUNCT
fbem-24778	157	2	in	in	ADP
fbem-24778	157	3	chinese	chinese	PROPN
fbem-24778	157	4	)	)	PUNCT
fbem-24778	158	1	[	[	X
fbem-24778	158	2	5	5	NUM
fbem-24778	158	3	]	]	PUNCT
fbem-24778	158	4	yuan	yuan	X
fbem-24778	158	5	fang	fang	X
fbem-24778	158	6	.	.	PUNCT
fbem-24778	159	1	a	a	DET
fbem-24778	159	2	study	study	NOUN
fbem-24778	159	3	on	on	ADP
fbem-24778	159	4	the	the	DET
fbem-24778	159	5	evaluation	evaluation	NOUN
fbem-24778	159	6	of	of	ADP
fbem-24778	159	7	the	the	DET
fbem-24778	159	8	solvency	solvency	NOUN
fbem-24778	159	9	of	of	ADP
fbem-24778	159	10	enterprises	enterprise	NOUN
fbem-24778	159	11	-a	-a	X
fbem-24778	159	12	case	case	NOUN
fbem-24778	159	13	study	study	NOUN
fbem-24778	159	14	of	of	ADP
fbem-24778	159	15	luzhou	luzhou	PROPN
fbem-24778	159	16	laojiao	laojiao	PROPN
fbem-24778	159	17	co.	co.	PROPN
fbem-24778	159	18	,	,	PUNCT
fbem-24778	159	19	ltd	ltd	PROPN
fbem-24778	159	20	.	.	PUNCT
fbem-24778	160	1	[	[	X
fbem-24778	160	2	j	j	X
fbem-24778	160	3	]	]	X
fbem-24778	160	4	.	.	PUNCT
fbem-24778	161	1	china	china	PROPN
fbem-24778	161	2	management	management	PROPN
fbem-24778	161	3	information	information	PROPN
fbem-24778	161	4	technology	technology	NOUN
fbem-24778	161	5	,	,	PUNCT
fbem-24778	161	6	21	21	NUM
fbem-24778	161	7	,	,	PUNCT
fbem-24778	161	8	24(13):18	24(13):18	NUM
fbem-24778	161	9	-	-	SYM
fbem-24778	161	10	20	20	NUM
fbem-24778	161	11	.	.	PUNCT
fbem-24778	162	1	[	[	X
fbem-24778	162	2	6	6	NUM
fbem-24778	162	3	]	]	PUNCT
fbem-24778	162	4	zhao	zhao	PROPN
fbem-24778	162	5	xingan	xingan	PROPN
fbem-24778	162	6	.	.	PUNCT
fbem-24778	163	1	financial	financial	ADJ
fbem-24778	163	2	performance	performance	NOUN
fbem-24778	163	3	evaluation	evaluation	NOUN
fbem-24778	163	4	of	of	ADP
fbem-24778	163	5	luzhou	luzhou	ADJ
fbem-24778	163	6	laojiao	laojiao	NOUN
fbem-24778	163	7	based	base	VERB
fbem-24778	163	8	on	on	ADP
fbem-24778	163	9	factor	factor	NOUN
fbem-24778	163	10	analysis	analysis	NOUN
fbem-24778	163	11	[	[	X
fbem-24778	163	12	d	d	X
fbem-24778	163	13	]	]	X
fbem-24778	163	14	.	.	PUNCT
fbem-24778	164	1	harbin	harbin	PROPN
fbem-24778	164	2	normal	normal	ADJ
fbem-24778	164	3	university	university	NOUN
fbem-24778	164	4	,	,	PUNCT
fbem-24778	164	5	2023	2023	NUM
fbem-24778	164	6	.	.	PUNCT