id	sid	tid	token	lemma	pos
fbem-30123	1	1	frontiers	frontier	NOUN
fbem-30123	1	2	in	in	ADP
fbem-30123	1	3	business	business	NOUN
fbem-30123	1	4	,	,	PUNCT
fbem-30123	1	5	economics	economic	NOUN
fbem-30123	1	6	and	and	CCONJ
fbem-30123	1	7	management	management	NOUN
fbem-30123	1	8	issn	issn	PROPN
fbem-30123	1	9	:	:	PUNCT
fbem-30123	1	10	2766	2766	NUM
fbem-30123	1	11	-	-	PUNCT
fbem-30123	1	12	824x	824x	NUM
fbem-30123	1	13	|	|	ADJ
fbem-30123	1	14	vol	vol	NOUN
fbem-30123	1	15	.	.	PROPN
fbem-30123	1	16	18	18	NUM
fbem-30123	1	17	,	,	PUNCT
fbem-30123	1	18	no	no	INTJ
fbem-30123	1	19	.	.	NOUN
fbem-30123	1	20	3	3	NUM
fbem-30123	1	21	,	,	PUNCT
fbem-30123	1	22	2025	2025	NUM
fbem-30123	1	23	224	224	NUM
fbem-30123	1	24	evaluation	evaluation	NOUN
fbem-30123	1	25	of	of	ADP
fbem-30123	1	26	milkground	milkground	ADJ
fbem-30123	1	27	’s	’s	PART
fbem-30123	1	28	sustainable	sustainable	ADJ
fbem-30123	1	29	growth	growth	NOUN
fbem-30123	1	30	ability	ability	NOUN
fbem-30123	1	31	based	base	VERB
fbem-30123	1	32	on	on	ADP
fbem-30123	1	33	higgins	higgins	PROPN
fbem-30123	1	34	model	model	PROPN
fbem-30123	1	35	yong	yong	PROPN
fbem-30123	1	36	shen	shen	PROPN
fbem-30123	1	37	*	*	PROPN
fbem-30123	1	38	,	,	PUNCT
fbem-30123	1	39	wenyang	wenyang	PROPN
fbem-30123	1	40	xu	xu	PROPN
fbem-30123	1	41	school	school	NOUN
fbem-30123	1	42	of	of	ADP
fbem-30123	1	43	economics	economic	NOUN
fbem-30123	1	44	and	and	CCONJ
fbem-30123	1	45	management	management	NOUN
fbem-30123	1	46	,	,	PUNCT
fbem-30123	1	47	southwest	southwest	ADJ
fbem-30123	1	48	petroleum	petroleum	PROPN
fbem-30123	1	49	university	university	PROPN
fbem-30123	1	50	,	,	PUNCT
fbem-30123	1	51	chengdu	chengdu	PROPN
fbem-30123	1	52	,	,	PUNCT
fbem-30123	1	53	co	co	NOUN
fbem-30123	1	54	610500	610500	NUM
fbem-30123	1	55	,	,	PUNCT
fbem-30123	1	56	china	china	PROPN
fbem-30123	1	57	*	*	PUNCT
fbem-30123	1	58	corresponding	correspond	VERB
fbem-30123	1	59	author	author	NOUN
fbem-30123	1	60	:	:	PUNCT
fbem-30123	1	61	yong	yong	PROPN
fbem-30123	1	62	shen	shen	PROPN
fbem-30123	1	63	(	(	PUNCT
fbem-30123	1	64	email	email	NOUN
fbem-30123	1	65	:	:	PUNCT
fbem-30123	1	66	braveshen9700@gmail.com	braveshen9700@gmail.com	X
fbem-30123	1	67	)	)	PUNCT
fbem-30123	2	1	abstract	abstract	NOUN
fbem-30123	2	2	:	:	PUNCT
fbem-30123	2	3	this	this	DET
fbem-30123	2	4	paper	paper	NOUN
fbem-30123	2	5	selects	select	NOUN
fbem-30123	2	6	milkground	milkground	ADV
fbem-30123	2	7	,	,	PUNCT
fbem-30123	2	8	a	a	DET
fbem-30123	2	9	leading	lead	VERB
fbem-30123	2	10	enterprise	enterprise	NOUN
fbem-30123	2	11	in	in	ADP
fbem-30123	2	12	the	the	DET
fbem-30123	2	13	cheese	cheese	NOUN
fbem-30123	2	14	industry	industry	NOUN
fbem-30123	2	15	,	,	PUNCT
fbem-30123	2	16	as	as	SCONJ
fbem-30123	2	17	the	the	DET
fbem-30123	2	18	research	research	NOUN
fbem-30123	2	19	object	object	NOUN
fbem-30123	2	20	,	,	PUNCT
fbem-30123	2	21	and	and	CCONJ
fbem-30123	2	22	selects	select	VERB
fbem-30123	2	23	the	the	DET
fbem-30123	2	24	micro	micro	ADJ
fbem-30123	2	25	-	-	ADJ
fbem-30123	2	26	financial	financial	ADJ
fbem-30123	2	27	indicators	indicator	NOUN
fbem-30123	2	28	of	of	ADP
fbem-30123	2	29	milkground	milkground	NOUN
fbem-30123	2	30	from	from	ADP
fbem-30123	2	31	2016	2016	NUM
fbem-30123	2	32	to	to	ADP
fbem-30123	2	33	2022	2022	NUM
fbem-30123	2	34	to	to	PART
fbem-30123	2	35	explore	explore	VERB
fbem-30123	2	36	the	the	DET
fbem-30123	2	37	sustainable	sustainable	ADJ
fbem-30123	2	38	growth	growth	NOUN
fbem-30123	2	39	ability	ability	NOUN
fbem-30123	2	40	of	of	ADP
fbem-30123	2	41	milkground	milkground	ADJ
fbem-30123	2	42	.	.	PUNCT
fbem-30123	3	1	the	the	DET
fbem-30123	3	2	article	article	NOUN
fbem-30123	3	3	is	be	AUX
fbem-30123	3	4	divided	divide	VERB
fbem-30123	3	5	into	into	ADP
fbem-30123	3	6	four	four	NUM
fbem-30123	3	7	parts	part	NOUN
fbem-30123	3	8	:	:	PUNCT
fbem-30123	3	9	the	the	DET
fbem-30123	3	10	theory	theory	NOUN
fbem-30123	3	11	of	of	ADP
fbem-30123	3	12	sustainable	sustainable	ADJ
fbem-30123	3	13	growth	growth	NOUN
fbem-30123	3	14	ability	ability	NOUN
fbem-30123	3	15	and	and	CCONJ
fbem-30123	3	16	higgins	higgins	PROPN
fbem-30123	3	17	model	model	NOUN
fbem-30123	3	18	;	;	PUNCT
fbem-30123	3	19	introduce	introduce	VERB
fbem-30123	3	20	the	the	DET
fbem-30123	3	21	operation	operation	NOUN
fbem-30123	3	22	process	process	NOUN
fbem-30123	3	23	of	of	ADP
fbem-30123	3	24	milkground	milkground	NOUN
fbem-30123	3	25	and	and	CCONJ
fbem-30123	3	26	analyze	analyze	VERB
fbem-30123	3	27	its	its	PRON
fbem-30123	3	28	financial	financial	ADJ
fbem-30123	3	29	status	status	NOUN
fbem-30123	3	30	;	;	PUNCT
fbem-30123	3	31	compare	compare	VERB
fbem-30123	3	32	the	the	DET
fbem-30123	3	33	actual	actual	ADJ
fbem-30123	3	34	growth	growth	NOUN
fbem-30123	3	35	rate	rate	NOUN
fbem-30123	3	36	of	of	ADP
fbem-30123	3	37	milkground	milkground	NOUN
fbem-30123	3	38	with	with	ADP
fbem-30123	3	39	the	the	DET
fbem-30123	3	40	sustainable	sustainable	ADJ
fbem-30123	3	41	growth	growth	NOUN
fbem-30123	3	42	rate	rate	NOUN
fbem-30123	3	43	,	,	PUNCT
fbem-30123	3	44	and	and	CCONJ
fbem-30123	3	45	then	then	ADV
fbem-30123	3	46	analyze	analyze	VERB
fbem-30123	3	47	the	the	DET
fbem-30123	3	48	reasons	reason	NOUN
fbem-30123	3	49	for	for	ADP
fbem-30123	3	50	the	the	DET
fbem-30123	3	51	deviation	deviation	NOUN
fbem-30123	3	52	between	between	ADP
fbem-30123	3	53	the	the	DET
fbem-30123	3	54	two	two	NUM
fbem-30123	3	55	;	;	PUNCT
fbem-30123	3	56	in	in	ADP
fbem-30123	3	57	view	view	NOUN
fbem-30123	3	58	of	of	ADP
fbem-30123	3	59	the	the	DET
fbem-30123	3	60	possible	possible	ADJ
fbem-30123	3	61	obstacles	obstacle	NOUN
fbem-30123	3	62	to	to	ADP
fbem-30123	3	63	the	the	DET
fbem-30123	3	64	sustainable	sustainable	ADJ
fbem-30123	3	65	development	development	NOUN
fbem-30123	3	66	of	of	ADP
fbem-30123	3	67	enterprises	enterprise	NOUN
fbem-30123	3	68	,	,	PUNCT
fbem-30123	3	69	some	some	DET
fbem-30123	3	70	suggestions	suggestion	NOUN
fbem-30123	3	71	are	be	AUX
fbem-30123	3	72	put	put	VERB
fbem-30123	3	73	forward	forward	ADV
fbem-30123	3	74	to	to	PART
fbem-30123	3	75	prevent	prevent	VERB
fbem-30123	3	76	enterprises	enterprise	NOUN
fbem-30123	3	77	from	from	ADP
fbem-30123	3	78	detours	detour	NOUN
fbem-30123	3	79	.	.	PUNCT
fbem-30123	4	1	through	through	ADP
fbem-30123	4	2	research	research	NOUN
fbem-30123	4	3	,	,	PUNCT
fbem-30123	4	4	it	it	PRON
fbem-30123	4	5	is	be	AUX
fbem-30123	4	6	found	find	VERB
fbem-30123	4	7	that	that	SCONJ
fbem-30123	4	8	the	the	DET
fbem-30123	4	9	sustainable	sustainable	ADJ
fbem-30123	4	10	growth	growth	NOUN
fbem-30123	4	11	ability	ability	NOUN
fbem-30123	4	12	of	of	ADP
fbem-30123	4	13	milkground	milkground	ADJ
fbem-30123	4	14	company	company	NOUN
fbem-30123	4	15	is	be	AUX
fbem-30123	4	16	affected	affect	VERB
fbem-30123	4	17	by	by	ADP
fbem-30123	4	18	many	many	ADJ
fbem-30123	4	19	factors	factor	NOUN
fbem-30123	4	20	such	such	ADJ
fbem-30123	4	21	as	as	ADP
fbem-30123	4	22	operating	operating	NOUN
fbem-30123	4	23	efficiency	efficiency	NOUN
fbem-30123	4	24	and	and	CCONJ
fbem-30123	4	25	financial	financial	ADJ
fbem-30123	4	26	policy	policy	NOUN
fbem-30123	4	27	.	.	PUNCT
fbem-30123	5	1	the	the	DET
fbem-30123	5	2	company	company	NOUN
fbem-30123	5	3	should	should	AUX
fbem-30123	5	4	purchase	purchase	VERB
fbem-30123	5	5	in	in	ADP
fbem-30123	5	6	advance	advance	NOUN
fbem-30123	5	7	to	to	PART
fbem-30123	5	8	lock	lock	VERB
fbem-30123	5	9	in	in	ADP
fbem-30123	5	10	the	the	DET
fbem-30123	5	11	price	price	NOUN
fbem-30123	5	12	range	range	NOUN
fbem-30123	5	13	and	and	CCONJ
fbem-30123	5	14	purchase	purchase	NOUN
fbem-30123	5	15	quantity	quantity	NOUN
fbem-30123	5	16	,	,	PUNCT
fbem-30123	5	17	enrich	enrich	VERB
fbem-30123	5	18	the	the	DET
fbem-30123	5	19	cheese	cheese	NOUN
fbem-30123	5	20	product	product	NOUN
fbem-30123	5	21	structure	structure	NOUN
fbem-30123	5	22	,	,	PUNCT
fbem-30123	5	23	consolidate	consolidate	VERB
fbem-30123	5	24	the	the	DET
fbem-30123	5	25	cheese	cheese	NOUN
fbem-30123	5	26	category	category	NOUN
fbem-30123	5	27	leader	leader	NOUN
fbem-30123	5	28	position	position	NOUN
fbem-30123	5	29	,	,	PUNCT
fbem-30123	5	30	in	in	ADP
fbem-30123	5	31	order	order	NOUN
fbem-30123	5	32	to	to	PART
fbem-30123	5	33	achieve	achieve	VERB
fbem-30123	5	34	sustainable	sustainable	ADJ
fbem-30123	5	35	growth	growth	NOUN
fbem-30123	5	36	.	.	PUNCT
fbem-30123	6	1	based	base	VERB
fbem-30123	6	2	on	on	ADP
fbem-30123	6	3	the	the	DET
fbem-30123	6	4	case	case	NOUN
fbem-30123	6	5	of	of	ADP
fbem-30123	6	6	milkground	milkground	ADJ
fbem-30123	6	7	company	company	NOUN
fbem-30123	6	8	,	,	PUNCT
fbem-30123	6	9	this	this	DET
fbem-30123	6	10	paper	paper	NOUN
fbem-30123	6	11	not	not	PART
fbem-30123	6	12	only	only	ADV
fbem-30123	6	13	studies	study	NOUN
fbem-30123	6	14	the	the	DET
fbem-30123	6	15	sustainable	sustainable	ADJ
fbem-30123	6	16	growth	growth	NOUN
fbem-30123	6	17	ability	ability	NOUN
fbem-30123	6	18	of	of	ADP
fbem-30123	6	19	milkground	milkground	ADJ
fbem-30123	6	20	,	,	PUNCT
fbem-30123	6	21	but	but	CCONJ
fbem-30123	6	22	also	also	ADV
fbem-30123	6	23	provides	provide	VERB
fbem-30123	6	24	some	some	DET
fbem-30123	6	25	references	reference	NOUN
fbem-30123	6	26	for	for	ADP
fbem-30123	6	27	the	the	DET
fbem-30123	6	28	problems	problem	NOUN
fbem-30123	6	29	existing	exist	VERB
fbem-30123	6	30	in	in	ADP
fbem-30123	6	31	china	china	PROPN
fbem-30123	6	32	's	's	PART
fbem-30123	6	33	cheese	cheese	NOUN
fbem-30123	6	34	industry	industry	NOUN
fbem-30123	6	35	.	.	PUNCT
fbem-30123	7	1	keywords	keyword	NOUN
fbem-30123	7	2	:	:	PUNCT
fbem-30123	7	3	sustainable	sustainable	ADJ
fbem-30123	7	4	growth	growth	NOUN
fbem-30123	7	5	capacity	capacity	NOUN
fbem-30123	7	6	;	;	PUNCT
fbem-30123	7	7	higgins	higgins	PROPN
fbem-30123	7	8	model	model	NOUN
fbem-30123	7	9	;	;	PUNCT
fbem-30123	7	10	operating	operate	VERB
fbem-30123	7	11	efficiency	efficiency	NOUN
fbem-30123	7	12	;	;	PUNCT
fbem-30123	7	13	financial	financial	ADJ
fbem-30123	7	14	policy	policy	NOUN
fbem-30123	7	15	.	.	PUNCT
fbem-30123	8	1	1	1	X
fbem-30123	8	2	.	.	X
fbem-30123	8	3	introduction	introduction	NOUN
fbem-30123	8	4	in	in	ADP
fbem-30123	8	5	recent	recent	ADJ
fbem-30123	8	6	years	year	NOUN
fbem-30123	8	7	,	,	PUNCT
fbem-30123	8	8	global	global	ADJ
fbem-30123	8	9	economic	economic	ADJ
fbem-30123	8	10	recovery	recovery	NOUN
fbem-30123	8	11	has	have	AUX
fbem-30123	8	12	faced	face	VERB
fbem-30123	8	13	unprecedented	unprecedented	ADJ
fbem-30123	8	14	challenges	challenge	NOUN
fbem-30123	8	15	due	due	ADP
fbem-30123	8	16	to	to	ADP
fbem-30123	8	17	the	the	DET
fbem-30123	8	18	covid-19	covid-19	PROPN
fbem-30123	8	19	pandemic	pandemic	NOUN
fbem-30123	8	20	,	,	PUNCT
fbem-30123	8	21	intensifying	intensify	VERB
fbem-30123	8	22	market	market	NOUN
fbem-30123	8	23	competition	competition	NOUN
fbem-30123	8	24	and	and	CCONJ
fbem-30123	8	25	operational	operational	ADJ
fbem-30123	8	26	risks	risk	NOUN
fbem-30123	8	27	for	for	ADP
fbem-30123	8	28	enterprises	enterprise	NOUN
fbem-30123	8	29	.	.	PUNCT
fbem-30123	9	1	against	against	ADP
fbem-30123	9	2	this	this	DET
fbem-30123	9	3	backdrop	backdrop	NOUN
fbem-30123	9	4	,	,	PUNCT
fbem-30123	9	5	sustainable	sustainable	ADJ
fbem-30123	9	6	growth	growth	NOUN
fbem-30123	9	7	has	have	AUX
fbem-30123	9	8	emerged	emerge	VERB
fbem-30123	9	9	as	as	ADP
fbem-30123	9	10	a	a	DET
fbem-30123	9	11	critical	critical	ADJ
fbem-30123	9	12	issue	issue	NOUN
fbem-30123	9	13	for	for	ADP
fbem-30123	9	14	corporate	corporate	ADJ
fbem-30123	9	15	survival	survival	NOUN
fbem-30123	9	16	and	and	CCONJ
fbem-30123	9	17	value	value	NOUN
fbem-30123	9	18	creation	creation	NOUN
fbem-30123	9	19	,	,	PUNCT
fbem-30123	9	20	particularly	particularly	ADV
fbem-30123	9	21	in	in	ADP
fbem-30123	9	22	emerging	emerge	VERB
fbem-30123	9	23	industries	industry	NOUN
fbem-30123	9	24	such	such	ADJ
fbem-30123	9	25	as	as	ADP
fbem-30123	9	26	china	china	PROPN
fbem-30123	9	27	’s	’s	PART
fbem-30123	9	28	dairy	dairy	NOUN
fbem-30123	9	29	sector	sector	NOUN
fbem-30123	9	30	.	.	PUNCT
fbem-30123	10	1	the	the	DET
fbem-30123	10	2	cheese	cheese	NOUN
fbem-30123	10	3	market	market	NOUN
fbem-30123	10	4	,	,	PUNCT
fbem-30123	10	5	as	as	ADP
fbem-30123	10	6	a	a	DET
fbem-30123	10	7	high	high	ADJ
fbem-30123	10	8	-	-	PUNCT
fbem-30123	10	9	potential	potential	ADJ
fbem-30123	10	10	segment	segment	NOUN
fbem-30123	10	11	within	within	ADP
fbem-30123	10	12	the	the	DET
fbem-30123	10	13	dairy	dairy	NOUN
fbem-30123	10	14	industry	industry	NOUN
fbem-30123	10	15	,	,	PUNCT
fbem-30123	10	16	has	have	AUX
fbem-30123	10	17	witnessed	witness	VERB
fbem-30123	10	18	rapid	rapid	ADJ
fbem-30123	10	19	expansion	expansion	NOUN
fbem-30123	10	20	in	in	ADP
fbem-30123	10	21	china	china	PROPN
fbem-30123	10	22	,	,	PUNCT
fbem-30123	10	23	yet	yet	CCONJ
fbem-30123	10	24	academic	academic	ADJ
fbem-30123	10	25	research	research	NOUN
fbem-30123	10	26	on	on	ADP
fbem-30123	10	27	its	its	PRON
fbem-30123	10	28	development	development	NOUN
fbem-30123	10	29	remains	remain	VERB
fbem-30123	10	30	scarce	scarce	ADJ
fbem-30123	10	31	,	,	PUNCT
fbem-30123	10	32	especially	especially	ADV
fbem-30123	10	33	from	from	ADP
fbem-30123	10	34	a	a	DET
fbem-30123	10	35	micro	micro	ADJ
fbem-30123	10	36	-	-	ADJ
fbem-30123	10	37	financial	financial	ADJ
fbem-30123	10	38	perspective	perspective	NOUN
fbem-30123	10	39	.	.	PUNCT
fbem-30123	11	1	existing	exist	VERB
fbem-30123	11	2	studies	study	NOUN
fbem-30123	11	3	on	on	ADP
fbem-30123	11	4	sustainable	sustainable	ADJ
fbem-30123	11	5	growth	growth	NOUN
fbem-30123	11	6	predominantly	predominantly	ADV
fbem-30123	11	7	focus	focus	VERB
fbem-30123	11	8	on	on	ADP
fbem-30123	11	9	macroeconomic	macroeconomic	ADJ
fbem-30123	11	10	or	or	CCONJ
fbem-30123	11	11	industry	industry	NOUN
fbem-30123	11	12	-	-	PUNCT
fbem-30123	11	13	wide	wide	ADJ
fbem-30123	11	14	analyses	analysis	NOUN
fbem-30123	11	15	(	(	PUNCT
fbem-30123	11	16	bongers	bonger	NOUN
fbem-30123	11	17	&	&	CCONJ
fbem-30123	11	18	diaz	diaz	PROPN
fbem-30123	11	19	-	-	PUNCT
fbem-30123	11	20	roldan	roldan	PROPN
fbem-30123	11	21	,	,	PUNCT
fbem-30123	11	22	2019	2019	NUM
fbem-30123	11	23	;	;	PUNCT
fbem-30123	11	24	bellandi	bellandi	NOUN
fbem-30123	11	25	,	,	PUNCT
fbem-30123	11	26	2023	2023	NUM
fbem-30123	11	27	)	)	PUNCT
fbem-30123	11	28	,	,	PUNCT
fbem-30123	11	29	while	while	SCONJ
fbem-30123	11	30	firm	firm	ADJ
fbem-30123	11	31	-	-	PUNCT
fbem-30123	11	32	level	level	NOUN
fbem-30123	11	33	investigations	investigation	NOUN
fbem-30123	11	34	,	,	PUNCT
fbem-30123	11	35	particularly	particularly	ADV
fbem-30123	11	36	in	in	ADP
fbem-30123	11	37	niche	niche	NOUN
fbem-30123	11	38	sectors	sector	NOUN
fbem-30123	11	39	like	like	ADP
fbem-30123	11	40	cheese	cheese	NOUN
fbem-30123	11	41	production	production	NOUN
fbem-30123	11	42	,	,	PUNCT
fbem-30123	11	43	are	be	AUX
fbem-30123	11	44	underdeveloped	underdeveloped	ADJ
fbem-30123	11	45	.	.	PUNCT
fbem-30123	12	1	prior	prior	ADJ
fbem-30123	12	2	research	research	NOUN
fbem-30123	12	3	highlights	highlight	NOUN
fbem-30123	12	4	the	the	DET
fbem-30123	12	5	multifaceted	multifaceted	ADJ
fbem-30123	12	6	determinants	determinant	NOUN
fbem-30123	12	7	of	of	ADP
fbem-30123	12	8	sustainable	sustainable	ADJ
fbem-30123	12	9	growth	growth	NOUN
fbem-30123	12	10	,	,	PUNCT
fbem-30123	12	11	including	include	VERB
fbem-30123	12	12	financial	financial	ADJ
fbem-30123	12	13	policies	policy	NOUN
fbem-30123	12	14	(	(	PUNCT
fbem-30123	12	15	ahsan	ahsan	PROPN
fbem-30123	12	16	&	&	CCONJ
fbem-30123	12	17	algamrh	algamrh	PROPN
fbem-30123	12	18	,	,	PUNCT
fbem-30123	12	19	2022	2022	NUM
fbem-30123	12	20	)	)	PUNCT
fbem-30123	12	21	,	,	PUNCT
fbem-30123	12	22	operational	operational	ADJ
fbem-30123	12	23	efficiency	efficiency	NOUN
fbem-30123	12	24	(	(	PUNCT
fbem-30123	12	25	vukovic	vukovic	PROPN
fbem-30123	12	26	et	et	PROPN
fbem-30123	12	27	al	al	PROPN
fbem-30123	12	28	.	.	PROPN
fbem-30123	12	29	,	,	PUNCT
fbem-30123	12	30	2022	2022	NUM
fbem-30123	12	31	)	)	PUNCT
fbem-30123	12	32	,	,	PUNCT
fbem-30123	12	33	and	and	CCONJ
fbem-30123	12	34	the	the	DET
fbem-30123	12	35	interplay	interplay	NOUN
fbem-30123	12	36	between	between	ADP
fbem-30123	12	37	environmental	environmental	ADJ
fbem-30123	12	38	,	,	PUNCT
fbem-30123	12	39	social	social	ADJ
fbem-30123	12	40	,	,	PUNCT
fbem-30123	12	41	and	and	CCONJ
fbem-30123	12	42	governance	governance	NOUN
fbem-30123	12	43	(	(	PUNCT
fbem-30123	12	44	esg	esg	NOUN
fbem-30123	12	45	)	)	PUNCT
fbem-30123	12	46	goals	goal	NOUN
fbem-30123	12	47	(	(	PUNCT
fbem-30123	12	48	bellandi	bellandi	NOUN
fbem-30123	12	49	,	,	PUNCT
fbem-30123	12	50	2023	2023	NUM
fbem-30123	12	51	)	)	PUNCT
fbem-30123	12	52	.	.	PUNCT
fbem-30123	13	1	for	for	ADP
fbem-30123	13	2	instance	instance	NOUN
fbem-30123	13	3	,	,	PUNCT
fbem-30123	13	4	steblyanskaya	steblyanskaya	PROPN
fbem-30123	13	5	et	et	PROPN
fbem-30123	13	6	al	al	PROPN
fbem-30123	13	7	.	.	PROPN
fbem-30123	14	1	(	(	PUNCT
fbem-30123	14	2	2021	2021	NUM
fbem-30123	14	3	)	)	PUNCT
fbem-30123	14	4	identified	identify	VERB
fbem-30123	14	5	distinct	distinct	ADJ
fbem-30123	14	6	financial	financial	ADJ
fbem-30123	14	7	and	and	CCONJ
fbem-30123	14	8	non	non	ADJ
fbem-30123	14	9	-	-	ADJ
fbem-30123	14	10	financial	financial	ADJ
fbem-30123	14	11	drivers	driver	NOUN
fbem-30123	14	12	of	of	ADP
fbem-30123	14	13	sustainable	sustainable	ADJ
fbem-30123	14	14	growth	growth	NOUN
fbem-30123	14	15	in	in	ADP
fbem-30123	14	16	chinese	chinese	ADJ
fbem-30123	14	17	and	and	CCONJ
fbem-30123	14	18	russian	russian	ADJ
fbem-30123	14	19	firms	firm	NOUN
fbem-30123	14	20	,	,	PUNCT
fbem-30123	14	21	emphasizing	emphasize	VERB
fbem-30123	14	22	the	the	DET
fbem-30123	14	23	role	role	NOUN
fbem-30123	14	24	of	of	ADP
fbem-30123	14	25	cost	cost	NOUN
fbem-30123	14	26	management	management	NOUN
fbem-30123	14	27	and	and	CCONJ
fbem-30123	14	28	return	return	VERB
fbem-30123	14	29	on	on	ADP
fbem-30123	14	30	investment	investment	NOUN
fbem-30123	14	31	.	.	PUNCT
fbem-30123	15	1	domestically	domestically	ADV
fbem-30123	15	2	,	,	PUNCT
fbem-30123	15	3	scholars	scholar	NOUN
fbem-30123	15	4	like	like	ADP
fbem-30123	15	5	li	li	PROPN
fbem-30123	15	6	(	(	PUNCT
fbem-30123	15	7	2019	2019	NUM
fbem-30123	15	8	)	)	PUNCT
fbem-30123	15	9	and	and	CCONJ
fbem-30123	15	10	huang	huang	PROPN
fbem-30123	15	11	et	et	PROPN
fbem-30123	15	12	al	al	PROPN
fbem-30123	15	13	.	.	PROPN
fbem-30123	15	14	(	(	PUNCT
fbem-30123	15	15	2019	2019	NUM
fbem-30123	15	16	)	)	PUNCT
fbem-30123	15	17	have	have	AUX
fbem-30123	15	18	explored	explore	VERB
fbem-30123	15	19	internal	internal	ADJ
fbem-30123	15	20	control	control	NOUN
fbem-30123	15	21	quality	quality	NOUN
fbem-30123	15	22	and	and	CCONJ
fbem-30123	15	23	trade	trade	NOUN
fbem-30123	15	24	credit	credit	NOUN
fbem-30123	15	25	financing	financing	NOUN
fbem-30123	15	26	,	,	PUNCT
fbem-30123	15	27	respectively	respectively	ADV
fbem-30123	15	28	,	,	PUNCT
fbem-30123	15	29	but	but	CCONJ
fbem-30123	15	30	their	their	PRON
fbem-30123	15	31	findings	finding	NOUN
fbem-30123	15	32	largely	largely	ADV
fbem-30123	15	33	address	address	VERB
fbem-30123	15	34	generalized	generalized	ADJ
fbem-30123	15	35	manufacturing	manufacturing	NOUN
fbem-30123	15	36	contexts	context	NOUN
fbem-30123	15	37	rather	rather	ADV
fbem-30123	15	38	than	than	ADP
fbem-30123	15	39	specialized	specialized	ADJ
fbem-30123	15	40	industries	industry	NOUN
fbem-30123	15	41	.	.	PUNCT
fbem-30123	16	1	notably	notably	ADV
fbem-30123	16	2	,	,	PUNCT
fbem-30123	16	3	china	china	PROPN
fbem-30123	16	4	’s	’s	PART
fbem-30123	16	5	cheese	cheese	NOUN
fbem-30123	16	6	sector	sector	NOUN
fbem-30123	16	7	—	—	PUNCT
fbem-30123	16	8	characterized	characterize	VERB
fbem-30123	16	9	by	by	ADP
fbem-30123	16	10	low	low	ADJ
fbem-30123	16	11	per	per	X
fbem-30123	16	12	capita	capita	X
fbem-30123	16	13	consumption	consumption	NOUN
fbem-30123	16	14	yet	yet	CCONJ
fbem-30123	16	15	significant	significant	ADJ
fbem-30123	16	16	growth	growth	NOUN
fbem-30123	16	17	potential	potential	NOUN
fbem-30123	16	18	—	—	PUNCT
fbem-30123	16	19	remains	remain	VERB
fbem-30123	16	20	underexamined	underexamine	VERB
fbem-30123	16	21	,	,	PUNCT
fbem-30123	16	22	with	with	ADP
fbem-30123	16	23	few	few	ADJ
fbem-30123	16	24	studies	study	NOUN
fbem-30123	16	25	analyzing	analyze	VERB
fbem-30123	16	26	firm	firm	ADJ
fbem-30123	16	27	-	-	PUNCT
fbem-30123	16	28	specific	specific	ADJ
fbem-30123	16	29	financial	financial	ADJ
fbem-30123	16	30	strategies	strategy	NOUN
fbem-30123	16	31	or	or	CCONJ
fbem-30123	16	32	growth	growth	NOUN
fbem-30123	16	33	trajectories	trajectory	NOUN
fbem-30123	16	34	.	.	PUNCT
fbem-30123	17	1	this	this	DET
fbem-30123	17	2	study	study	NOUN
fbem-30123	17	3	aims	aim	VERB
fbem-30123	17	4	to	to	PART
fbem-30123	17	5	bridge	bridge	VERB
fbem-30123	17	6	this	this	DET
fbem-30123	17	7	gap	gap	NOUN
fbem-30123	17	8	by	by	ADP
fbem-30123	17	9	evaluating	evaluate	VERB
fbem-30123	17	10	the	the	DET
fbem-30123	17	11	sustainable	sustainable	ADJ
fbem-30123	17	12	growth	growth	NOUN
fbem-30123	17	13	capability	capability	NOUN
fbem-30123	17	14	of	of	ADP
fbem-30123	17	15	milkground	milkground	NOUN
fbem-30123	17	16	,	,	PUNCT
fbem-30123	17	17	a	a	DET
fbem-30123	17	18	leading	lead	VERB
fbem-30123	17	19	chinese	chinese	ADJ
fbem-30123	17	20	cheese	cheese	NOUN
fbem-30123	17	21	producer	producer	NOUN
fbem-30123	17	22	,	,	PUNCT
fbem-30123	17	23	through	through	ADP
fbem-30123	17	24	the	the	DET
fbem-30123	17	25	lens	lens	NOUN
fbem-30123	17	26	of	of	ADP
fbem-30123	17	27	higgins	higgins	PROPN
fbem-30123	17	28	’	'	PUNCT
fbem-30123	17	29	sustainable	sustainable	ADJ
fbem-30123	17	30	growth	growth	NOUN
fbem-30123	17	31	rate	rate	NOUN
fbem-30123	17	32	(	(	PUNCT
fbem-30123	17	33	sgr	sgr	PROPN
fbem-30123	17	34	)	)	PUNCT
fbem-30123	17	35	model	model	NOUN
fbem-30123	17	36	.	.	PUNCT
fbem-30123	18	1	by	by	ADP
fbem-30123	18	2	integrating	integrate	VERB
fbem-30123	18	3	microfinancial	microfinancial	ADJ
fbem-30123	18	4	indicators	indicator	NOUN
fbem-30123	18	5	(	(	PUNCT
fbem-30123	18	6	e.g.	e.g.	ADV
fbem-30123	18	7	,	,	PUNCT
fbem-30123	18	8	profitability	profitability	NOUN
fbem-30123	18	9	,	,	PUNCT
fbem-30123	18	10	asset	asset	NOUN
fbem-30123	18	11	turnover	turnover	NOUN
fbem-30123	18	12	)	)	PUNCT
fbem-30123	18	13	and	and	CCONJ
fbem-30123	18	14	operational	operational	ADJ
fbem-30123	18	15	data	datum	NOUN
fbem-30123	18	16	from	from	ADP
fbem-30123	18	17	2016	2016	NUM
fbem-30123	18	18	to	to	ADP
fbem-30123	18	19	2022	2022	NUM
fbem-30123	18	20	,	,	PUNCT
fbem-30123	18	21	the	the	DET
fbem-30123	18	22	research	research	NOUN
fbem-30123	18	23	seeks	seek	VERB
fbem-30123	18	24	to	to	PART
fbem-30123	18	25	:	:	PUNCT
fbem-30123	18	26	(	(	PUNCT
fbem-30123	18	27	1	1	X
fbem-30123	18	28	)	)	PUNCT
fbem-30123	18	29	identify	identify	VERB
fbem-30123	18	30	deviations	deviation	NOUN
fbem-30123	18	31	between	between	ADP
fbem-30123	18	32	milkground	milkground	PROPN
fbem-30123	18	33	’s	’s	PART
fbem-30123	18	34	actual	actual	ADJ
fbem-30123	18	35	and	and	CCONJ
fbem-30123	18	36	sustainable	sustainable	ADJ
fbem-30123	18	37	growth	growth	NOUN
fbem-30123	18	38	rates	rate	NOUN
fbem-30123	18	39	,	,	PUNCT
fbem-30123	18	40	(	(	PUNCT
fbem-30123	18	41	2	2	X
fbem-30123	18	42	)	)	PUNCT
fbem-30123	18	43	uncover	uncover	VERB
fbem-30123	18	44	underlying	underlie	VERB
fbem-30123	18	45	factors	factor	NOUN
fbem-30123	18	46	affecting	affect	VERB
fbem-30123	18	47	its	its	PRON
fbem-30123	18	48	growth	growth	NOUN
fbem-30123	18	49	equilibrium	equilibrium	NOUN
fbem-30123	18	50	,	,	PUNCT
fbem-30123	18	51	and	and	CCONJ
fbem-30123	18	52	(	(	PUNCT
fbem-30123	18	53	3	3	X
fbem-30123	18	54	)	)	PUNCT
fbem-30123	18	55	propose	propose	VERB
fbem-30123	18	56	actionable	actionable	ADJ
fbem-30123	18	57	strategies	strategy	NOUN
fbem-30123	18	58	to	to	PART
fbem-30123	18	59	enhance	enhance	VERB
fbem-30123	18	60	resilience	resilience	NOUN
fbem-30123	18	61	in	in	ADP
fbem-30123	18	62	a	a	DET
fbem-30123	18	63	volatile	volatile	ADJ
fbem-30123	18	64	market	market	NOUN
fbem-30123	18	65	.	.	PUNCT
fbem-30123	19	1	the	the	DET
fbem-30123	19	2	findings	finding	NOUN
fbem-30123	19	3	are	be	AUX
fbem-30123	19	4	expected	expect	VERB
fbem-30123	19	5	to	to	PART
fbem-30123	19	6	enrich	enrich	VERB
fbem-30123	19	7	academic	academic	ADJ
fbem-30123	19	8	discourse	discourse	NOUN
fbem-30123	19	9	on	on	ADP
fbem-30123	19	10	sustainable	sustainable	ADJ
fbem-30123	19	11	growth	growth	NOUN
fbem-30123	19	12	theory	theory	NOUN
fbem-30123	19	13	while	while	SCONJ
fbem-30123	19	14	offering	offer	VERB
fbem-30123	19	15	practical	practical	ADJ
fbem-30123	19	16	insights	insight	NOUN
fbem-30123	19	17	for	for	ADP
fbem-30123	19	18	dairy	dairy	NOUN
fbem-30123	19	19	enterprises	enterprise	NOUN
fbem-30123	19	20	navigating	navigate	VERB
fbem-30123	19	21	competitive	competitive	ADJ
fbem-30123	19	22	and	and	CCONJ
fbem-30123	19	23	resourceconstrained	resourceconstraine	VERB
fbem-30123	19	24	environments	environment	NOUN
fbem-30123	19	25	.	.	PUNCT
fbem-30123	20	1	2	2	X
fbem-30123	20	2	.	.	X
fbem-30123	20	3	financial	financial	ADJ
fbem-30123	20	4	status	status	NOUN
fbem-30123	20	5	of	of	ADP
fbem-30123	20	6	milkground	milkground	ADJ
fbem-30123	20	7	2.1	2.1	NUM
fbem-30123	20	8	.	.	PUNCT
fbem-30123	21	1	company	company	NOUN
fbem-30123	21	2	profile	profile	VERB
fbem-30123	21	3	first	first	ADV
fbem-30123	21	4	,	,	PUNCT
fbem-30123	21	5	the	the	DET
fbem-30123	21	6	company	company	NOUN
fbem-30123	21	7	’s	’s	PART
fbem-30123	21	8	financial	financial	ADJ
fbem-30123	21	9	policies	policy	NOUN
fbem-30123	21	10	are	be	AUX
fbem-30123	21	11	formulated	formulate	VERB
fbem-30123	21	12	and	and	CCONJ
fbem-30123	21	13	implemented	implement	VERB
fbem-30123	21	14	based	base	VERB
fbem-30123	21	15	on	on	ADP
fbem-30123	21	16	its	its	PRON
fbem-30123	21	17	actual	actual	ADJ
fbem-30123	21	18	circumstances	circumstance	NOUN
fbem-30123	21	19	to	to	PART
fbem-30123	21	20	ensure	ensure	VERB
fbem-30123	21	21	alignment	alignment	NOUN
fbem-30123	21	22	with	with	ADP
fbem-30123	21	23	its	its	PRON
fbem-30123	21	24	operational	operational	ADJ
fbem-30123	21	25	needs	need	NOUN
fbem-30123	21	26	and	and	CCONJ
fbem-30123	21	27	characteristics	characteristic	NOUN
fbem-30123	21	28	,	,	PUNCT
fbem-30123	21	29	prioritizing	prioritize	VERB
fbem-30123	21	30	stability	stability	NOUN
fbem-30123	21	31	.	.	PUNCT
fbem-30123	22	1	milkground	milkground	PROPN
fbem-30123	22	2	maintains	maintain	VERB
fbem-30123	22	3	a	a	DET
fbem-30123	22	4	stable	stable	ADJ
fbem-30123	22	5	overall	overall	ADJ
fbem-30123	22	6	capital	capital	NOUN
fbem-30123	22	7	structure	structure	NOUN
fbem-30123	22	8	and	and	CCONJ
fbem-30123	22	9	adheres	adhere	VERB
fbem-30123	22	10	to	to	ADP
fbem-30123	22	11	a	a	DET
fbem-30123	22	12	consistent	consistent	ADJ
fbem-30123	22	13	dividend	dividend	NOUN
fbem-30123	22	14	policy	policy	NOUN
fbem-30123	22	15	without	without	ADP
fbem-30123	22	16	changes	change	NOUN
fbem-30123	22	17	.	.	PUNCT
fbem-30123	23	1	second	second	ADV
fbem-30123	23	2	,	,	PUNCT
fbem-30123	23	3	the	the	DET
fbem-30123	23	4	company	company	NOUN
fbem-30123	23	5	retains	retain	VERB
fbem-30123	23	6	its	its	PRON
fbem-30123	23	7	current	current	ADJ
fbem-30123	23	8	number	number	NOUN
fbem-30123	23	9	of	of	ADP
fbem-30123	23	10	shares	share	NOUN
fbem-30123	23	11	and	and	CCONJ
fbem-30123	23	12	refrains	refrain	NOUN
fbem-30123	23	13	from	from	ADP
fbem-30123	23	14	issuing	issue	VERB
fbem-30123	23	15	new	new	ADJ
fbem-30123	23	16	equity	equity	NOUN
fbem-30123	23	17	,	,	PUNCT
fbem-30123	23	18	complying	comply	VERB
fbem-30123	23	19	with	with	ADP
fbem-30123	23	20	the	the	DET
fbem-30123	23	21	second	second	ADJ
fbem-30123	23	22	assumption	assumption	NOUN
fbem-30123	23	23	of	of	ADP
fbem-30123	23	24	the	the	DET
fbem-30123	23	25	higgins	higgins	PROPN
fbem-30123	23	26	model	model	NOUN
fbem-30123	23	27	.	.	PUNCT
fbem-30123	24	1	its	its	PRON
fbem-30123	24	2	equity	equity	NOUN
fbem-30123	24	3	structure	structure	NOUN
fbem-30123	24	4	remains	remain	VERB
fbem-30123	24	5	unchanged	unchanged	ADJ
fbem-30123	24	6	,	,	PUNCT
fbem-30123	24	7	with	with	ADP
fbem-30123	24	8	no	no	DET
fbem-30123	24	9	activities	activity	NOUN
fbem-30123	24	10	related	relate	VERB
fbem-30123	24	11	to	to	ADP
fbem-30123	24	12	stock	stock	NOUN
fbem-30123	24	13	issuance	issuance	NOUN
fbem-30123	24	14	or	or	CCONJ
fbem-30123	24	15	capital	capital	NOUN
fbem-30123	24	16	adjustments	adjustment	NOUN
fbem-30123	24	17	.	.	PUNCT
fbem-30123	25	1	third	third	ADJ
fbem-30123	25	2	,	,	PUNCT
fbem-30123	25	3	milkground	milkground	ADJ
fbem-30123	25	4	strives	strive	VERB
fbem-30123	25	5	to	to	PART
fbem-30123	25	6	stabilize	stabilize	VERB
fbem-30123	25	7	operational	operational	ADJ
fbem-30123	25	8	efficiency	efficiency	NOUN
fbem-30123	25	9	without	without	ADP
fbem-30123	25	10	significant	significant	ADJ
fbem-30123	25	11	fluctuations	fluctuation	NOUN
fbem-30123	25	12	.	.	PUNCT
fbem-30123	26	1	through	through	ADP
fbem-30123	26	2	effective	effective	ADJ
fbem-30123	26	3	sales	sale	NOUN
fbem-30123	26	4	strategies	strategy	NOUN
fbem-30123	26	5	and	and	CCONJ
fbem-30123	26	6	asset	asset	NOUN
fbem-30123	26	7	management	management	NOUN
fbem-30123	26	8	measures	measure	NOUN
fbem-30123	26	9	,	,	PUNCT
fbem-30123	26	10	the	the	DET
fbem-30123	26	11	company	company	NOUN
fbem-30123	26	12	ensures	ensure	VERB
fbem-30123	26	13	that	that	SCONJ
fbem-30123	26	14	fluctuations	fluctuation	NOUN
fbem-30123	26	15	in	in	ADP
fbem-30123	26	16	net	net	ADJ
fbem-30123	26	17	sales	sale	NOUN
fbem-30123	26	18	profit	profit	NOUN
fbem-30123	26	19	margin	margin	NOUN
fbem-30123	26	20	and	and	CCONJ
fbem-30123	26	21	total	total	ADJ
fbem-30123	26	22	asset	asset	NOUN
fbem-30123	26	23	turnover	turnover	NOUN
fbem-30123	26	24	rate	rate	NOUN
fbem-30123	26	25	remain	remain	VERB
fbem-30123	26	26	within	within	ADP
fbem-30123	26	27	a	a	DET
fbem-30123	26	28	reasonable	reasonable	ADJ
fbem-30123	26	29	range	range	NOUN
fbem-30123	26	30	.	.	PUNCT
fbem-30123	27	1	such	such	ADJ
fbem-30123	27	2	stability	stability	NOUN
fbem-30123	27	3	in	in	ADP
fbem-30123	27	4	operational	operational	ADJ
fbem-30123	27	5	efficiency	efficiency	NOUN
fbem-30123	27	6	fulfills	fulfill	VERB
fbem-30123	27	7	the	the	DET
fbem-30123	27	8	third	third	ADJ
fbem-30123	27	9	assumption	assumption	NOUN
fbem-30123	27	10	of	of	ADP
fbem-30123	27	11	the	the	DET
fbem-30123	27	12	higgins	higgins	PROPN
fbem-30123	27	13	model	model	NOUN
fbem-30123	27	14	.	.	PUNCT
fbem-30123	28	1	in	in	ADP
fbem-30123	28	2	summary	summary	NOUN
fbem-30123	28	3	,	,	PUNCT
fbem-30123	28	4	milkground	milkground	ADJ
fbem-30123	28	5	satisfies	satisfie	NOUN
fbem-30123	28	6	all	all	DET
fbem-30123	28	7	three	three	NUM
fbem-30123	28	8	assumptions	assumption	NOUN
fbem-30123	28	9	of	of	ADP
fbem-30123	28	10	the	the	DET
fbem-30123	28	11	higgins	higgins	PROPN
fbem-30123	28	12	model	model	NOUN
fbem-30123	28	13	.	.	PUNCT
fbem-30123	29	1	by	by	ADP
fbem-30123	29	2	developing	develop	VERB
fbem-30123	29	3	and	and	CCONJ
fbem-30123	29	4	executing	execute	VERB
fbem-30123	29	5	contextually	contextually	ADV
fbem-30123	29	6	tailored	tailor	VERB
fbem-30123	29	7	financial	financial	ADJ
fbem-30123	29	8	policies	policy	NOUN
fbem-30123	29	9	,	,	PUNCT
fbem-30123	29	10	maintaining	maintain	VERB
fbem-30123	29	11	a	a	DET
fbem-30123	29	12	stable	stable	ADJ
fbem-30123	29	13	equity	equity	NOUN
fbem-30123	29	14	structure	structure	NOUN
fbem-30123	29	15	,	,	PUNCT
fbem-30123	29	16	and	and	CCONJ
fbem-30123	29	17	sustaining	sustain	VERB
fbem-30123	29	18	consistent	consistent	ADJ
fbem-30123	29	19	operational	operational	ADJ
fbem-30123	29	20	efficiency	efficiency	NOUN
fbem-30123	29	21	,	,	PUNCT
fbem-30123	29	22	the	the	DET
fbem-30123	29	23	company	company	NOUN
fbem-30123	29	24	ensures	ensure	VERB
fbem-30123	29	25	financial	financial	ADJ
fbem-30123	29	26	robustness	robustness	NOUN
fbem-30123	29	27	and	and	CCONJ
fbem-30123	29	28	225	225	NUM
fbem-30123	29	29	long	long	ADJ
fbem-30123	29	30	-	-	PUNCT
fbem-30123	29	31	term	term	NOUN
fbem-30123	29	32	profitability	profitability	NOUN
fbem-30123	29	33	.	.	PUNCT
fbem-30123	30	1	2.2	2.2	NUM
fbem-30123	30	2	.	.	PUNCT
fbem-30123	31	1	four	four	NUM
fbem-30123	31	2	major	major	ADJ
fbem-30123	31	3	capabilities	capability	NOUN
fbem-30123	31	4	analysis	analysis	NOUN
fbem-30123	31	5	2.2.1	2.2.1	NUM
fbem-30123	31	6	.	.	PUNCT
fbem-30123	31	7	debt	debt	NOUN
fbem-30123	31	8	solvency	solvency	NOUN
fbem-30123	31	9	table	table	NOUN
fbem-30123	31	10	1	1	NUM
fbem-30123	31	11	.	.	PUNCT
fbem-30123	32	1	milkground	milkground	PROPN
fbem-30123	32	2	's	's	PART
fbem-30123	32	3	debt	debt	NOUN
fbem-30123	32	4	-	-	PUNCT
fbem-30123	32	5	paying	pay	VERB
fbem-30123	32	6	capacity	capacity	NOUN
fbem-30123	32	7	indicators	indicator	NOUN
fbem-30123	32	8	year	year	VERB
fbem-30123	32	9	short	short	ADJ
fbem-30123	32	10	-	-	PUNCT
fbem-30123	32	11	term	term	NOUN
fbem-30123	32	12	solvency	solvency	NOUN
fbem-30123	32	13	long	long	ADJ
fbem-30123	32	14	-	-	PUNCT
fbem-30123	32	15	term	term	NOUN
fbem-30123	32	16	solvency	solvency	NOUN
fbem-30123	32	17	current	current	ADJ
fbem-30123	32	18	ratio	ratio	NOUN
fbem-30123	32	19	quick	quick	ADJ
fbem-30123	32	20	ratio	ratio	NOUN
fbem-30123	32	21	ownership	ownership	NOUN
fbem-30123	32	22	ratio	ratio	NOUN
fbem-30123	32	23	debt	debt	NOUN
fbem-30123	32	24	-	-	PUNCT
fbem-30123	32	25	to	to	ADP
fbem-30123	32	26	-	-	PUNCT
fbem-30123	32	27	asset	asset	NOUN
fbem-30123	32	28	ratio	ratio	NOUN
fbem-30123	32	29	(	(	PUNCT
fbem-30123	32	30	%	%	INTJ
fbem-30123	32	31	)	)	PUNCT
fbem-30123	32	32	2016	2016	NUM
fbem-30123	32	33	1.23	1.23	NUM
fbem-30123	32	34	1.15	1.15	NUM
fbem-30123	32	35	0.87	0.87	NUM
fbem-30123	32	36	46.57	46.57	NUM
fbem-30123	32	37	2017	2017	NUM
fbem-30123	32	38	1.92	1.92	NUM
fbem-30123	32	39	1.7	1.7	NUM
fbem-30123	32	40	1.25	1.25	NUM
fbem-30123	32	41	55.64	55.64	NUM
fbem-30123	32	42	2018	2018	NUM
fbem-30123	32	43	1.04	1.04	NUM
fbem-30123	32	44	0.9	0.9	NUM
fbem-30123	32	45	1.21	1.21	NUM
fbem-30123	32	46	54.71	54.71	NUM
fbem-30123	32	47	2019	2019	NUM
fbem-30123	32	48	1.13	1.13	NUM
fbem-30123	32	49	0.95	0.95	NUM
fbem-30123	32	50	0.93	0.93	NUM
fbem-30123	32	51	48.19	48.19	NUM
fbem-30123	32	52	2020	2020	NUM
fbem-30123	32	53	1.29	1.29	NUM
fbem-30123	32	54	1	1	NUM
fbem-30123	32	55	0.85	0.85	NUM
fbem-30123	32	56	40.73	40.73	NUM
fbem-30123	32	57	2021	2021	NUM
fbem-30123	32	58	2.71	2.71	NUM
fbem-30123	32	59	2.34	2.34	NUM
fbem-30123	32	60	0.4	0.4	NUM
fbem-30123	32	61	26.74	26.74	NUM
fbem-30123	32	62	2022	2022	NUM
fbem-30123	32	63	1.99	1.99	NUM
fbem-30123	32	64	1.67	1.67	NUM
fbem-30123	32	65	0.45	0.45	NUM
fbem-30123	32	66	34.43	34.43	NUM
fbem-30123	32	67	from	from	ADP
fbem-30123	32	68	the	the	DET
fbem-30123	32	69	table	table	NOUN
fbem-30123	32	70	above	above	ADV
fbem-30123	32	71	,	,	PUNCT
fbem-30123	32	72	it	it	PRON
fbem-30123	32	73	can	can	AUX
fbem-30123	32	74	be	be	AUX
fbem-30123	32	75	seen	see	VERB
fbem-30123	32	76	that	that	SCONJ
fbem-30123	32	77	milkground	milkground	NOUN
fbem-30123	32	78	’s	’s	PART
fbem-30123	32	79	current	current	ADJ
fbem-30123	32	80	ratio	ratio	NOUN
fbem-30123	32	81	and	and	CCONJ
fbem-30123	32	82	quick	quick	ADJ
fbem-30123	32	83	ratio	ratio	NOUN
fbem-30123	32	84	remained	remain	VERB
fbem-30123	32	85	around	around	ADV
fbem-30123	32	86	1	1	NUM
fbem-30123	32	87	from	from	ADP
fbem-30123	32	88	2016	2016	NUM
fbem-30123	32	89	to	to	ADP
fbem-30123	32	90	2020	2020	NUM
fbem-30123	32	91	,	,	PUNCT
fbem-30123	32	92	reaching	reach	VERB
fbem-30123	32	93	above	above	ADP
fbem-30123	32	94	2	2	NUM
fbem-30123	32	95	in	in	ADP
fbem-30123	32	96	2021	2021	NUM
fbem-30123	32	97	,	,	PUNCT
fbem-30123	32	98	indicating	indicate	VERB
fbem-30123	32	99	that	that	SCONJ
fbem-30123	32	100	the	the	DET
fbem-30123	32	101	company	company	NOUN
fbem-30123	32	102	's	's	PART
fbem-30123	32	103	short	short	ADJ
fbem-30123	32	104	-	-	PUNCT
fbem-30123	32	105	term	term	NOUN
fbem-30123	32	106	solvency	solvency	NOUN
fbem-30123	32	107	was	be	AUX
fbem-30123	32	108	relatively	relatively	ADV
fbem-30123	32	109	stable	stable	ADJ
fbem-30123	32	110	in	in	ADP
fbem-30123	32	111	previous	previous	ADJ
fbem-30123	32	112	years	year	NOUN
fbem-30123	32	113	and	and	CCONJ
fbem-30123	32	114	showed	show	VERB
fbem-30123	32	115	significant	significant	ADJ
fbem-30123	32	116	improvement	improvement	NOUN
fbem-30123	32	117	in	in	ADP
fbem-30123	32	118	2021	2021	NUM
fbem-30123	32	119	.	.	PUNCT
fbem-30123	33	1	however	however	ADV
fbem-30123	33	2	,	,	PUNCT
fbem-30123	33	3	according	accord	VERB
fbem-30123	33	4	to	to	ADP
fbem-30123	33	5	foreign	foreign	ADJ
fbem-30123	33	6	studies	study	NOUN
fbem-30123	33	7	,	,	PUNCT
fbem-30123	33	8	the	the	DET
fbem-30123	33	9	ideal	ideal	ADJ
fbem-30123	33	10	current	current	ADJ
fbem-30123	33	11	ratio	ratio	NOUN
fbem-30123	33	12	is	be	AUX
fbem-30123	33	13	generally	generally	ADV
fbem-30123	33	14	considered	consider	VERB
fbem-30123	33	15	to	to	PART
fbem-30123	33	16	be	be	AUX
fbem-30123	33	17	2	2	NUM
fbem-30123	33	18	,	,	PUNCT
fbem-30123	33	19	while	while	SCONJ
fbem-30123	33	20	the	the	DET
fbem-30123	33	21	ideal	ideal	ADJ
fbem-30123	33	22	quick	quick	ADJ
fbem-30123	33	23	ratio	ratio	NOUN
fbem-30123	33	24	is	be	AUX
fbem-30123	33	25	1	1	NUM
fbem-30123	33	26	.	.	PUNCT
fbem-30123	34	1	it	it	PRON
fbem-30123	34	2	is	be	AUX
fbem-30123	34	3	evident	evident	ADJ
fbem-30123	34	4	that	that	SCONJ
fbem-30123	34	5	milkground	milkground	PROPN
fbem-30123	34	6	’s	’s	PART
fbem-30123	34	7	current	current	ADJ
fbem-30123	34	8	ratio	ratio	NOUN
fbem-30123	34	9	before	before	ADP
fbem-30123	34	10	2021	2021	NUM
fbem-30123	34	11	was	be	AUX
fbem-30123	34	12	below	below	ADP
fbem-30123	34	13	the	the	DET
fbem-30123	34	14	standard	standard	ADJ
fbem-30123	34	15	level	level	NOUN
fbem-30123	34	16	,	,	PUNCT
fbem-30123	34	17	while	while	SCONJ
fbem-30123	34	18	the	the	DET
fbem-30123	34	19	quick	quick	ADJ
fbem-30123	34	20	ratio	ratio	NOUN
fbem-30123	34	21	remained	remain	VERB
fbem-30123	34	22	relatively	relatively	ADV
fbem-30123	34	23	normal	normal	ADJ
fbem-30123	34	24	,	,	PUNCT
fbem-30123	34	25	suggesting	suggest	VERB
fbem-30123	34	26	that	that	SCONJ
fbem-30123	34	27	the	the	DET
fbem-30123	34	28	company	company	NOUN
fbem-30123	34	29	's	's	PART
fbem-30123	34	30	current	current	ADJ
fbem-30123	34	31	assets	asset	NOUN
fbem-30123	34	32	were	be	AUX
fbem-30123	34	33	relatively	relatively	ADV
fbem-30123	34	34	small	small	ADJ
fbem-30123	34	35	compared	compare	VERB
fbem-30123	34	36	to	to	ADP
fbem-30123	34	37	its	its	PRON
fbem-30123	34	38	current	current	ADJ
fbem-30123	34	39	liabilities	liability	NOUN
fbem-30123	34	40	,	,	PUNCT
fbem-30123	34	41	with	with	ADP
fbem-30123	34	42	a	a	DET
fbem-30123	34	43	high	high	ADJ
fbem-30123	34	44	proportion	proportion	NOUN
fbem-30123	34	45	of	of	ADP
fbem-30123	34	46	cash	cash	NOUN
fbem-30123	34	47	in	in	ADP
fbem-30123	34	48	its	its	PRON
fbem-30123	34	49	current	current	ADJ
fbem-30123	34	50	assets	asset	NOUN
fbem-30123	34	51	.	.	PUNCT
fbem-30123	35	1	however	however	ADV
fbem-30123	35	2	,	,	PUNCT
fbem-30123	35	3	another	another	DET
fbem-30123	35	4	important	important	ADJ
fbem-30123	35	5	factor	factor	NOUN
fbem-30123	35	6	to	to	PART
fbem-30123	35	7	consider	consider	VERB
fbem-30123	35	8	is	be	AUX
fbem-30123	35	9	that	that	PRON
fbem-30123	35	10	milkground	milkground	ADJ
fbem-30123	35	11	operates	operate	VERB
fbem-30123	35	12	in	in	ADP
fbem-30123	35	13	the	the	DET
fbem-30123	35	14	dairy	dairy	NOUN
fbem-30123	35	15	industry	industry	NOUN
fbem-30123	35	16	,	,	PUNCT
fbem-30123	35	17	where	where	SCONJ
fbem-30123	35	18	excessive	excessive	ADJ
fbem-30123	35	19	inventory	inventory	NOUN
fbem-30123	35	20	is	be	AUX
fbem-30123	35	21	undesirable	undesirable	ADJ
fbem-30123	35	22	.	.	PUNCT
fbem-30123	36	1	therefore	therefore	ADV
fbem-30123	36	2	,	,	PUNCT
fbem-30123	36	3	the	the	DET
fbem-30123	36	4	industry	industry	NOUN
fbem-30123	36	5	standard	standard	NOUN
fbem-30123	36	6	for	for	ADP
fbem-30123	36	7	the	the	DET
fbem-30123	36	8	current	current	ADJ
fbem-30123	36	9	ratio	ratio	NOUN
fbem-30123	36	10	should	should	AUX
fbem-30123	36	11	be	be	AUX
fbem-30123	36	12	lower	low	ADJ
fbem-30123	36	13	than	than	ADP
fbem-30123	36	14	2	2	NUM
fbem-30123	36	15	.	.	PUNCT
fbem-30123	37	1	thus	thus	ADV
fbem-30123	37	2	,	,	PUNCT
fbem-30123	37	3	milkground	milkground	PROPN
fbem-30123	37	4	’s	’s	PART
fbem-30123	37	5	short	short	ADJ
fbem-30123	37	6	-	-	PUNCT
fbem-30123	37	7	term	term	NOUN
fbem-30123	37	8	solvency	solvency	NOUN
fbem-30123	37	9	is	be	AUX
fbem-30123	37	10	still	still	ADV
fbem-30123	37	11	very	very	ADV
fbem-30123	37	12	strong	strong	ADJ
fbem-30123	37	13	.	.	PUNCT
fbem-30123	38	1	in	in	ADP
fbem-30123	38	2	addition	addition	NOUN
fbem-30123	38	3	,	,	PUNCT
fbem-30123	38	4	the	the	DET
fbem-30123	38	5	sudden	sudden	ADJ
fbem-30123	38	6	increase	increase	NOUN
fbem-30123	38	7	in	in	ADP
fbem-30123	38	8	short	short	ADJ
fbem-30123	38	9	-	-	PUNCT
fbem-30123	38	10	term	term	NOUN
fbem-30123	38	11	solvency	solvency	NOUN
fbem-30123	38	12	indicators	indicator	NOUN
fbem-30123	38	13	in	in	ADP
fbem-30123	38	14	2021	2021	NUM
fbem-30123	38	15	,	,	PUNCT
fbem-30123	38	16	which	which	PRON
fbem-30123	38	17	differs	differ	VERB
fbem-30123	38	18	significantly	significantly	ADV
fbem-30123	38	19	from	from	ADP
fbem-30123	38	20	previous	previous	ADJ
fbem-30123	38	21	years	year	NOUN
fbem-30123	38	22	,	,	PUNCT
fbem-30123	38	23	suggests	suggest	VERB
fbem-30123	38	24	that	that	SCONJ
fbem-30123	38	25	the	the	DET
fbem-30123	38	26	company	company	NOUN
fbem-30123	38	27	’s	’s	PART
fbem-30123	38	28	high	high	ADJ
fbem-30123	38	29	proportion	proportion	NOUN
fbem-30123	38	30	of	of	ADP
fbem-30123	38	31	cash	cash	NOUN
fbem-30123	38	32	might	might	AUX
fbem-30123	38	33	impact	impact	VERB
fbem-30123	38	34	its	its	PRON
fbem-30123	38	35	sustainable	sustainable	ADJ
fbem-30123	38	36	growth	growth	NOUN
fbem-30123	38	37	ability	ability	NOUN
fbem-30123	38	38	.	.	PUNCT
fbem-30123	39	1	milkground	milkground	PROPN
fbem-30123	39	2	should	should	AUX
fbem-30123	39	3	address	address	VERB
fbem-30123	39	4	this	this	DET
fbem-30123	39	5	issue	issue	NOUN
fbem-30123	39	6	promptly	promptly	ADV
fbem-30123	39	7	to	to	PART
fbem-30123	39	8	maximize	maximize	VERB
fbem-30123	39	9	its	its	PRON
fbem-30123	39	10	potential	potential	NOUN
fbem-30123	39	11	.	.	PUNCT
fbem-30123	40	1	however	however	ADV
fbem-30123	40	2	,	,	PUNCT
fbem-30123	40	3	data	datum	NOUN
fbem-30123	40	4	from	from	ADP
fbem-30123	40	5	the	the	DET
fbem-30123	40	6	2022	2022	NUM
fbem-30123	40	7	interim	interim	ADJ
fbem-30123	40	8	report	report	NOUN
fbem-30123	40	9	shows	show	VERB
fbem-30123	40	10	that	that	SCONJ
fbem-30123	40	11	both	both	DET
fbem-30123	40	12	indicators	indicator	NOUN
fbem-30123	40	13	have	have	AUX
fbem-30123	40	14	declined	decline	VERB
fbem-30123	40	15	,	,	PUNCT
fbem-30123	40	16	indicating	indicate	VERB
fbem-30123	40	17	that	that	SCONJ
fbem-30123	40	18	the	the	DET
fbem-30123	40	19	company	company	NOUN
fbem-30123	40	20	has	have	AUX
fbem-30123	40	21	recognized	recognize	VERB
fbem-30123	40	22	this	this	DET
fbem-30123	40	23	issue	issue	NOUN
fbem-30123	40	24	and	and	CCONJ
fbem-30123	40	25	is	be	AUX
fbem-30123	40	26	making	make	VERB
fbem-30123	40	27	adjustments	adjustment	NOUN
fbem-30123	40	28	.	.	PUNCT
fbem-30123	41	1	2.2.2	2.2.2	X
fbem-30123	41	2	.	.	PUNCT
fbem-30123	41	3	operational	operational	ADJ
fbem-30123	41	4	capacity	capacity	NOUN
fbem-30123	41	5	operational	operational	ADJ
fbem-30123	41	6	capability	capability	NOUN
fbem-30123	41	7	generally	generally	ADV
fbem-30123	41	8	refers	refer	VERB
fbem-30123	41	9	to	to	ADP
fbem-30123	41	10	a	a	DET
fbem-30123	41	11	company	company	NOUN
fbem-30123	41	12	's	's	PART
fbem-30123	41	13	fundamental	fundamental	ADJ
fbem-30123	41	14	ability	ability	NOUN
fbem-30123	41	15	in	in	ADP
fbem-30123	41	16	production	production	NOUN
fbem-30123	41	17	,	,	PUNCT
fbem-30123	41	18	procurement	procurement	NOUN
fbem-30123	41	19	,	,	PUNCT
fbem-30123	41	20	and	and	CCONJ
fbem-30123	41	21	sales	sale	NOUN
fbem-30123	41	22	.	.	PUNCT
fbem-30123	42	1	strong	strong	ADJ
fbem-30123	42	2	operational	operational	ADJ
fbem-30123	42	3	capability	capability	NOUN
fbem-30123	42	4	can	can	AUX
fbem-30123	42	5	enhance	enhance	VERB
fbem-30123	42	6	production	production	NOUN
fbem-30123	42	7	efficiency	efficiency	NOUN
fbem-30123	42	8	,	,	PUNCT
fbem-30123	42	9	increase	increase	VERB
fbem-30123	42	10	cash	cash	NOUN
fbem-30123	42	11	flow	flow	NOUN
fbem-30123	42	12	,	,	PUNCT
fbem-30123	42	13	and	and	CCONJ
fbem-30123	42	14	improve	improve	VERB
fbem-30123	42	15	profitability	profitability	NOUN
fbem-30123	42	16	.	.	PUNCT
fbem-30123	43	1	table	table	NOUN
fbem-30123	43	2	2	2	NUM
fbem-30123	43	3	.	.	PUNCT
fbem-30123	44	1	milkground	milkground	PROPN
fbem-30123	44	2	’s	’s	PART
fbem-30123	44	3	operational	operational	ADJ
fbem-30123	44	4	efficiency	efficiency	NOUN
fbem-30123	44	5	indicators	indicator	NOUN
fbem-30123	44	6	year	year	VERB
fbem-30123	44	7	total	total	ADJ
fbem-30123	44	8	asset	asset	NOUN
fbem-30123	44	9	turnover	turnover	NOUN
fbem-30123	44	10	inventory	inventory	NOUN
fbem-30123	44	11	turnover	turnover	NOUN
fbem-30123	44	12	current	current	ADJ
fbem-30123	44	13	asset	asset	NOUN
fbem-30123	44	14	turnover	turnover	NOUN
fbem-30123	44	15	2016	2016	NUM
fbem-30123	44	16	0.27	0.27	NUM
fbem-30123	44	17	6.19	6.19	NUM
fbem-30123	44	18	0.62	0.62	NUM
fbem-30123	44	19	2017	2017	NUM
fbem-30123	44	20	0.41	0.41	NUM
fbem-30123	44	21	7.81	7.81	NUM
fbem-30123	44	22	0.93	0.93	NUM
fbem-30123	44	23	2018	2018	NUM
fbem-30123	44	24	0.46	0.46	NUM
fbem-30123	44	25	6.19	6.19	NUM
fbem-30123	44	26	1.07	1.07	NUM
fbem-30123	44	27	2019	2019	NUM
fbem-30123	44	28	0.68	0.68	NUM
fbem-30123	44	29	7.83	7.83	NUM
fbem-30123	44	30	1.69	1.69	NUM
fbem-30123	44	31	2020	2020	NUM
fbem-30123	44	32	1.03	1.03	NUM
fbem-30123	44	33	8.86	8.86	NUM
fbem-30123	44	34	2.77	2.77	NUM
fbem-30123	44	35	2021	2021	NUM
fbem-30123	44	36	0.91	0.91	NUM
fbem-30123	44	37	6.97	6.97	NUM
fbem-30123	44	38	1.77	1.77	NUM
fbem-30123	44	39	2022	2022	NUM
fbem-30123	44	40	0.68	0.68	NUM
fbem-30123	44	41	5.19	5.19	NUM
fbem-30123	44	42	1.17	1.17	NUM
fbem-30123	44	43	as	as	SCONJ
fbem-30123	44	44	shown	show	VERB
fbem-30123	44	45	in	in	ADP
fbem-30123	44	46	the	the	DET
fbem-30123	44	47	table	table	NOUN
fbem-30123	44	48	,	,	PUNCT
fbem-30123	44	49	milkground	milkground	PROPN
fbem-30123	44	50	’s	’s	PART
fbem-30123	44	51	total	total	ADJ
fbem-30123	44	52	asset	asset	NOUN
fbem-30123	44	53	turnover	turnover	NOUN
fbem-30123	44	54	experienced	experience	VERB
fbem-30123	44	55	a	a	DET
fbem-30123	44	56	rise	rise	NOUN
fbem-30123	44	57	followed	follow	VERB
fbem-30123	44	58	by	by	ADP
fbem-30123	44	59	a	a	DET
fbem-30123	44	60	decline	decline	NOUN
fbem-30123	44	61	,	,	PUNCT
fbem-30123	44	62	with	with	ADP
fbem-30123	44	63	the	the	DET
fbem-30123	44	64	decline	decline	NOUN
fbem-30123	44	65	occurring	occur	VERB
fbem-30123	44	66	in	in	ADP
fbem-30123	44	67	2021	2021	NUM
fbem-30123	44	68	.	.	PUNCT
fbem-30123	45	1	additionally	additionally	ADV
fbem-30123	45	2	,	,	PUNCT
fbem-30123	45	3	except	except	SCONJ
fbem-30123	45	4	for	for	ADP
fbem-30123	45	5	2020	2020	NUM
fbem-30123	45	6	,	,	PUNCT
fbem-30123	45	7	milkground	milkground	PROPN
fbem-30123	45	8	’s	’s	PART
fbem-30123	45	9	current	current	ADJ
fbem-30123	45	10	asset	asset	NOUN
fbem-30123	45	11	turnover	turnover	NOUN
fbem-30123	45	12	remained	remain	VERB
fbem-30123	45	13	relatively	relatively	ADV
fbem-30123	45	14	low	low	ADJ
fbem-30123	45	15	in	in	ADP
fbem-30123	45	16	other	other	ADJ
fbem-30123	45	17	years	year	NOUN
fbem-30123	45	18	.	.	PUNCT
fbem-30123	46	1	according	accord	VERB
fbem-30123	46	2	to	to	ADP
fbem-30123	46	3	the	the	DET
fbem-30123	46	4	company	company	NOUN
fbem-30123	46	5	’s	’s	PART
fbem-30123	46	6	profile	profile	NOUN
fbem-30123	46	7	,	,	PUNCT
fbem-30123	46	8	milkground	milkground	ADJ
fbem-30123	46	9	raised	raise	VERB
fbem-30123	46	10	funds	fund	NOUN
fbem-30123	46	11	in	in	ADP
fbem-30123	46	12	2021	2021	NUM
fbem-30123	46	13	,	,	PUNCT
fbem-30123	46	14	significantly	significantly	ADV
fbem-30123	46	15	increasing	increase	VERB
fbem-30123	46	16	its	its	PRON
fbem-30123	46	17	assets	asset	NOUN
fbem-30123	46	18	.	.	PUNCT
fbem-30123	47	1	combined	combine	VERB
fbem-30123	47	2	with	with	ADP
fbem-30123	47	3	the	the	DET
fbem-30123	47	4	previously	previously	ADV
fbem-30123	47	5	mentioned	mention	VERB
fbem-30123	47	6	increase	increase	NOUN
fbem-30123	47	7	in	in	ADP
fbem-30123	47	8	the	the	DET
fbem-30123	47	9	asset	asset	NOUN
fbem-30123	47	10	-	-	PUNCT
fbem-30123	47	11	liability	liability	NOUN
fbem-30123	47	12	ratio	ratio	NOUN
fbem-30123	47	13	after	after	ADP
fbem-30123	47	14	the	the	DET
fbem-30123	47	15	fundraising	fundraising	NOUN
fbem-30123	47	16	,	,	PUNCT
fbem-30123	47	17	it	it	PRON
fbem-30123	47	18	is	be	AUX
fbem-30123	47	19	evident	evident	ADJ
fbem-30123	47	20	that	that	SCONJ
fbem-30123	47	21	the	the	DET
fbem-30123	47	22	company	company	NOUN
fbem-30123	47	23	also	also	ADV
fbem-30123	47	24	increased	increase	VERB
fbem-30123	47	25	its	its	PRON
fbem-30123	47	26	liabilities	liability	NOUN
fbem-30123	47	27	.	.	PUNCT
fbem-30123	48	1	a	a	DET
fbem-30123	48	2	decline	decline	NOUN
fbem-30123	48	3	in	in	ADP
fbem-30123	48	4	total	total	ADJ
fbem-30123	48	5	asset	asset	NOUN
fbem-30123	48	6	turnover	turnover	NOUN
fbem-30123	48	7	is	be	AUX
fbem-30123	48	8	generally	generally	ADV
fbem-30123	48	9	attributed	attribute	VERB
fbem-30123	48	10	to	to	ADP
fbem-30123	48	11	factors	factor	NOUN
fbem-30123	48	12	such	such	ADJ
fbem-30123	48	13	as	as	ADP
fbem-30123	48	14	decreased	decrease	VERB
fbem-30123	48	15	sales	sale	NOUN
fbem-30123	48	16	revenue	revenue	NOUN
fbem-30123	48	17	,	,	PUNCT
fbem-30123	48	18	inventory	inventory	NOUN
fbem-30123	48	19	buildup	buildup	NOUN
fbem-30123	48	20	,	,	PUNCT
fbem-30123	48	21	non	non	ADJ
fbem-30123	48	22	-	-	ADJ
fbem-30123	48	23	performing	perform	VERB
fbem-30123	48	24	assets	asset	NOUN
fbem-30123	48	25	,	,	PUNCT
fbem-30123	48	26	excessive	excessive	ADJ
fbem-30123	48	27	idle	idle	ADJ
fbem-30123	48	28	funds	fund	NOUN
fbem-30123	48	29	,	,	PUNCT
fbem-30123	48	30	or	or	CCONJ
fbem-30123	48	31	increased	increase	VERB
fbem-30123	48	32	liabilities	liability	NOUN
fbem-30123	48	33	.	.	PUNCT
fbem-30123	49	1	given	give	VERB
fbem-30123	49	2	the	the	DET
fbem-30123	49	3	low	low	ADJ
fbem-30123	49	4	current	current	ADJ
fbem-30123	49	5	asset	asset	NOUN
fbem-30123	49	6	turnover	turnover	NOUN
fbem-30123	49	7	,	,	PUNCT
fbem-30123	49	8	it	it	PRON
fbem-30123	49	9	can	can	AUX
fbem-30123	49	10	be	be	AUX
fbem-30123	49	11	inferred	infer	VERB
fbem-30123	49	12	that	that	SCONJ
fbem-30123	49	13	milkground	milkground	PROPN
fbem-30123	49	14	currently	currently	ADV
fbem-30123	49	15	faces	face	VERB
fbem-30123	49	16	an	an	DET
fbem-30123	49	17	issue	issue	NOUN
fbem-30123	49	18	of	of	ADP
fbem-30123	49	19	underutilized	underutilized	ADJ
fbem-30123	49	20	idle	idle	ADJ
fbem-30123	49	21	current	current	ADJ
fbem-30123	49	22	funds	fund	NOUN
fbem-30123	49	23	.	.	PUNCT
fbem-30123	50	1	the	the	DET
fbem-30123	50	2	inventory	inventory	NOUN
fbem-30123	50	3	turnover	turnover	NOUN
fbem-30123	50	4	ratio	ratio	NOUN
fbem-30123	50	5	is	be	AUX
fbem-30123	50	6	used	use	VERB
fbem-30123	50	7	here	here	ADV
fbem-30123	50	8	to	to	PART
fbem-30123	50	9	further	far	ADV
fbem-30123	50	10	explain	explain	VERB
fbem-30123	50	11	the	the	DET
fbem-30123	50	12	total	total	ADJ
fbem-30123	50	13	asset	asset	NOUN
fbem-30123	50	14	turnover	turnover	NOUN
fbem-30123	50	15	.	.	PUNCT
fbem-30123	51	1	milkground	milkground	PROPN
fbem-30123	51	2	’s	’s	PART
fbem-30123	51	3	inventory	inventory	NOUN
fbem-30123	51	4	turnover	turnover	NOUN
fbem-30123	51	5	ratio	ratio	NOUN
fbem-30123	51	6	has	have	AUX
fbem-30123	51	7	shown	show	VERB
fbem-30123	51	8	volatility	volatility	NOUN
fbem-30123	51	9	,	,	PUNCT
fbem-30123	51	10	peaking	peak	VERB
fbem-30123	51	11	at	at	ADP
fbem-30123	51	12	8.86	8.86	NUM
fbem-30123	51	13	in	in	ADP
fbem-30123	51	14	2020	2020	NUM
fbem-30123	51	15	before	before	ADP
fbem-30123	51	16	declining	decline	VERB
fbem-30123	51	17	,	,	PUNCT
fbem-30123	51	18	reaching	reach	VERB
fbem-30123	51	19	its	its	PRON
fbem-30123	51	20	lowest	low	ADJ
fbem-30123	51	21	point	point	NOUN
fbem-30123	51	22	of	of	ADP
fbem-30123	51	23	5.19	5.19	NUM
fbem-30123	51	24	in	in	ADP
fbem-30123	51	25	2022	2022	NUM
fbem-30123	51	26	,	,	PUNCT
fbem-30123	51	27	indicating	indicate	VERB
fbem-30123	51	28	a	a	DET
fbem-30123	51	29	risk	risk	NOUN
fbem-30123	51	30	of	of	ADP
fbem-30123	51	31	inventory	inventory	NOUN
fbem-30123	51	32	buildup	buildup	NOUN
fbem-30123	51	33	and	and	CCONJ
fbem-30123	51	34	a	a	DET
fbem-30123	51	35	downward	downward	ADJ
fbem-30123	51	36	trend	trend	NOUN
fbem-30123	51	37	in	in	ADP
fbem-30123	51	38	operational	operational	ADJ
fbem-30123	51	39	capability	capability	NOUN
fbem-30123	51	40	.	.	PUNCT
fbem-30123	52	1	in	in	ADP
fbem-30123	52	2	the	the	DET
fbem-30123	52	3	cheese	cheese	NOUN
fbem-30123	52	4	industry	industry	NOUN
fbem-30123	52	5	,	,	PUNCT
fbem-30123	52	6	inventory	inventory	NOUN
fbem-30123	52	7	buildup	buildup	NOUN
fbem-30123	52	8	can	can	AUX
fbem-30123	52	9	significantly	significantly	ADV
fbem-30123	52	10	impact	impact	VERB
fbem-30123	52	11	business	business	NOUN
fbem-30123	52	12	operations	operation	NOUN
fbem-30123	52	13	and	and	CCONJ
fbem-30123	52	14	is	be	AUX
fbem-30123	52	15	particularly	particularly	ADV
fbem-30123	52	16	detrimental	detrimental	ADJ
fbem-30123	52	17	to	to	ADP
fbem-30123	52	18	performance	performance	NOUN
fbem-30123	52	19	.	.	PUNCT
fbem-30123	53	1	the	the	DET
fbem-30123	53	2	decline	decline	NOUN
fbem-30123	53	3	in	in	ADP
fbem-30123	53	4	milkground	milkground	ADJ
fbem-30123	53	5	’s	’s	PART
fbem-30123	53	6	inventory	inventory	NOUN
fbem-30123	53	7	turnover	turnover	NOUN
fbem-30123	53	8	ratio	ratio	NOUN
fbem-30123	53	9	over	over	ADP
fbem-30123	53	10	the	the	DET
fbem-30123	53	11	past	past	ADJ
fbem-30123	53	12	two	two	NUM
fbem-30123	53	13	years	year	NOUN
fbem-30123	53	14	is	be	AUX
fbem-30123	53	15	mainly	mainly	ADV
fbem-30123	53	16	due	due	ADJ
fbem-30123	53	17	to	to	ADP
fbem-30123	53	18	issues	issue	NOUN
fbem-30123	53	19	across	across	ADP
fbem-30123	53	20	the	the	DET
fbem-30123	53	21	entire	entire	ADJ
fbem-30123	53	22	supply	supply	NOUN
fbem-30123	53	23	chain	chain	NOUN
fbem-30123	53	24	,	,	PUNCT
fbem-30123	53	25	including	include	VERB
fbem-30123	53	26	production	production	NOUN
fbem-30123	53	27	input	input	NOUN
fbem-30123	53	28	,	,	PUNCT
fbem-30123	53	29	inventory	inventory	NOUN
fbem-30123	53	30	management	management	NOUN
fbem-30123	53	31	,	,	PUNCT
fbem-30123	53	32	and	and	CCONJ
fbem-30123	53	33	sales	sale	NOUN
fbem-30123	53	34	fund	fund	NOUN
fbem-30123	53	35	recovery	recovery	NOUN
fbem-30123	53	36	.	.	PUNCT
fbem-30123	54	1	this	this	DET
fbem-30123	54	2	situation	situation	NOUN
fbem-30123	54	3	is	be	AUX
fbem-30123	54	4	clearly	clearly	ADV
fbem-30123	54	5	unfavorable	unfavorable	ADJ
fbem-30123	54	6	for	for	ADP
fbem-30123	54	7	milkground	milkground	ADJ
fbem-30123	54	8	’s	’s	PART
fbem-30123	54	9	sustainable	sustainable	ADJ
fbem-30123	54	10	growth	growth	NOUN
fbem-30123	54	11	capability	capability	NOUN
fbem-30123	54	12	.	.	PUNCT
fbem-30123	55	1	2.2.3	2.2.3	NUM
fbem-30123	55	2	.	.	X
fbem-30123	55	3	profitability	profitability	NOUN
fbem-30123	55	4	profitability	profitability	NOUN
fbem-30123	55	5	refers	refer	VERB
fbem-30123	55	6	to	to	ADP
fbem-30123	55	7	a	a	DET
fbem-30123	55	8	company	company	NOUN
fbem-30123	55	9	’s	’s	PART
fbem-30123	55	10	ability	ability	NOUN
fbem-30123	55	11	to	to	PART
fbem-30123	55	12	generate	generate	VERB
fbem-30123	55	13	profits	profit	NOUN
fbem-30123	55	14	over	over	ADP
fbem-30123	55	15	a	a	DET
fbem-30123	55	16	specific	specific	ADJ
fbem-30123	55	17	period	period	NOUN
fbem-30123	55	18	and	and	CCONJ
fbem-30123	55	19	serves	serve	VERB
fbem-30123	55	20	as	as	ADP
fbem-30123	55	21	the	the	DET
fbem-30123	55	22	most	most	ADV
fbem-30123	55	23	direct	direct	ADJ
fbem-30123	55	24	objective	objective	NOUN
fbem-30123	55	25	for	for	ADP
fbem-30123	55	26	any	any	DET
fbem-30123	55	27	enterprise	enterprise	NOUN
fbem-30123	55	28	.	.	PUNCT
fbem-30123	56	1	this	this	DET
fbem-30123	56	2	capability	capability	NOUN
fbem-30123	56	3	is	be	AUX
fbem-30123	56	4	typically	typically	ADV
fbem-30123	56	5	evaluated	evaluate	VERB
fbem-30123	56	6	using	use	VERB
fbem-30123	56	7	financial	financial	ADJ
fbem-30123	56	8	metrics	metric	NOUN
fbem-30123	56	9	such	such	ADJ
fbem-30123	56	10	as	as	ADP
fbem-30123	56	11	the	the	DET
fbem-30123	56	12	net	net	ADJ
fbem-30123	56	13	profit	profit	NOUN
fbem-30123	56	14	margin	margin	NOUN
fbem-30123	56	15	,	,	PUNCT
fbem-30123	56	16	return	return	VERB
fbem-30123	56	17	on	on	ADP
fbem-30123	56	18	assets	asset	NOUN
fbem-30123	56	19	(	(	PUNCT
fbem-30123	56	20	roa	roa	NOUN
fbem-30123	56	21	)	)	PUNCT
fbem-30123	56	22	,	,	PUNCT
fbem-30123	56	23	and	and	CCONJ
fbem-30123	56	24	return	return	VERB
fbem-30123	56	25	on	on	ADP
fbem-30123	56	26	equity	equity	NOUN
fbem-30123	56	27	(	(	PUNCT
fbem-30123	56	28	roe	roe	PROPN
fbem-30123	56	29	)	)	PUNCT
fbem-30123	56	30	.	.	PUNCT
fbem-30123	57	1	strong	strong	ADJ
fbem-30123	57	2	profitability	profitability	NOUN
fbem-30123	57	3	indicates	indicate	VERB
fbem-30123	57	4	that	that	SCONJ
fbem-30123	57	5	a	a	DET
fbem-30123	57	6	company	company	NOUN
fbem-30123	57	7	can	can	AUX
fbem-30123	57	8	deliver	deliver	VERB
fbem-30123	57	9	sufficient	sufficient	ADJ
fbem-30123	57	10	returns	return	NOUN
fbem-30123	57	11	to	to	ADP
fbem-30123	57	12	shareholders	shareholder	NOUN
fbem-30123	57	13	and	and	CCONJ
fbem-30123	57	14	investors	investor	NOUN
fbem-30123	57	15	while	while	SCONJ
fbem-30123	57	16	enhancing	enhance	VERB
fbem-30123	57	17	its	its	PRON
fbem-30123	57	18	market	market	NOUN
fbem-30123	57	19	competitiveness	competitiveness	NOUN
fbem-30123	57	20	.	.	PUNCT
fbem-30123	58	1	table	table	NOUN
fbem-30123	58	2	3	3	NUM
fbem-30123	58	3	.	.	PUNCT
fbem-30123	59	1	milkground	milkground	PROPN
fbem-30123	59	2	’s	’s	PART
fbem-30123	59	3	profitability	profitability	NOUN
fbem-30123	59	4	indicators	indicator	NOUN
fbem-30123	59	5	year	year	VERB
fbem-30123	59	6	net	net	ADJ
fbem-30123	59	7	profit	profit	NOUN
fbem-30123	59	8	margin	margin	NOUN
fbem-30123	59	9	(	(	PUNCT
fbem-30123	59	10	%	%	INTJ
fbem-30123	59	11	)	)	PUNCT
fbem-30123	59	12	roa	roa	NOUN
fbem-30123	59	13	(	(	PUNCT
fbem-30123	59	14	%	%	INTJ
fbem-30123	59	15	)	)	PUNCT
fbem-30123	59	16	roe	roe	NOUN
fbem-30123	59	17	(	(	PUNCT
fbem-30123	59	18	%	%	INTJ
fbem-30123	59	19	)	)	PUNCT
fbem-30123	59	20	2016	2016	NUM
fbem-30123	59	21	6.17	6.17	NUM
fbem-30123	59	22	1.66	1.66	NUM
fbem-30123	59	23	1.68	1.68	NUM
fbem-30123	59	24	2017	2017	NUM
fbem-30123	59	25	0.44	0.44	NUM
fbem-30123	59	26	0.18	0.18	NUM
fbem-30123	59	27	0.37	0.37	NUM
fbem-30123	59	28	2018	2018	NUM
fbem-30123	59	29	0.87	0.87	NUM
fbem-30123	59	30	0.40	0.40	NUM
fbem-30123	59	31	0.89	0.89	NUM
fbem-30123	59	32	2019	2019	NUM
fbem-30123	59	33	1.10	1.10	NUM
fbem-30123	59	34	0.75	0.75	NUM
fbem-30123	59	35	1.54	1.54	NUM
fbem-30123	59	36	2020	2020	NUM
fbem-30123	59	37	2.60	2.60	NUM
fbem-30123	59	38	2.67	2.67	NUM
fbem-30123	59	39	4.55	4.55	NUM
fbem-30123	59	40	2021	2021	NUM
fbem-30123	59	41	4.33	4.33	NUM
fbem-30123	59	42	3.96	3.96	NUM
fbem-30123	59	43	4.97	4.97	NUM
fbem-30123	59	44	2022	2022	NUM
fbem-30123	59	45	3.54	3.54	NUM
fbem-30123	59	46	2.42	2.42	NUM
fbem-30123	59	47	3.05	3.05	NUM
fbem-30123	59	48	as	as	SCONJ
fbem-30123	59	49	shown	show	VERB
fbem-30123	59	50	in	in	ADP
fbem-30123	59	51	the	the	DET
fbem-30123	59	52	table	table	NOUN
fbem-30123	59	53	,	,	PUNCT
fbem-30123	59	54	the	the	DET
fbem-30123	59	55	three	three	NUM
fbem-30123	59	56	metrics	metric	NOUN
fbem-30123	59	57	experienced	experience	VERB
fbem-30123	59	58	a	a	DET
fbem-30123	59	59	sharp	sharp	ADJ
fbem-30123	59	60	decline	decline	NOUN
fbem-30123	59	61	in	in	ADP
fbem-30123	59	62	2017	2017	NUM
fbem-30123	59	63	,	,	PUNCT
fbem-30123	59	64	followed	follow	VERB
fbem-30123	59	65	by	by	ADP
fbem-30123	59	66	gradual	gradual	ADJ
fbem-30123	59	67	recovery	recovery	NOUN
fbem-30123	59	68	in	in	ADP
fbem-30123	59	69	subsequent	subsequent	ADJ
fbem-30123	59	70	years	year	NOUN
fbem-30123	59	71	.	.	PUNCT
fbem-30123	60	1	however	however	ADV
fbem-30123	60	2	,	,	PUNCT
fbem-30123	60	3	another	another	DET
fbem-30123	60	4	downturn	downturn	NOUN
fbem-30123	60	5	occurred	occur	VERB
fbem-30123	60	6	in	in	ADP
fbem-30123	60	7	2022	2022	NUM
fbem-30123	60	8	.	.	PUNCT
fbem-30123	61	1	analysis	analysis	NOUN
fbem-30123	61	2	reveals	reveal	VERB
fbem-30123	61	3	that	that	SCONJ
fbem-30123	61	4	since	since	SCONJ
fbem-30123	61	5	2017	2017	NUM
fbem-30123	61	6	,	,	PUNCT
fbem-30123	61	7	milkground	milkground	PROPN
fbem-30123	61	8	shifted	shift	VERB
fbem-30123	61	9	its	its	PRON
fbem-30123	61	10	strategic	strategic	ADJ
fbem-30123	61	11	focus	focus	NOUN
fbem-30123	61	12	to	to	ADP
fbem-30123	61	13	its	its	PRON
fbem-30123	61	14	core	core	ADJ
fbem-30123	61	15	cheese	cheese	NOUN
fbem-30123	61	16	business	business	NOUN
fbem-30123	61	17	to	to	PART
fbem-30123	61	18	secure	secure	VERB
fbem-30123	61	19	market	market	NOUN
fbem-30123	61	20	dominance	dominance	NOUN
fbem-30123	61	21	,	,	PUNCT
fbem-30123	61	22	rapidly	rapidly	ADV
fbem-30123	61	23	expanding	expand	VERB
fbem-30123	61	24	its	its	PRON
fbem-30123	61	25	marketing	marketing	NOUN
fbem-30123	61	26	network	network	NOUN
fbem-30123	61	27	and	and	CCONJ
fbem-30123	61	28	workforce	workforce	NOUN
fbem-30123	61	29	,	,	PUNCT
fbem-30123	61	30	particularly	particularly	ADV
fbem-30123	61	31	in	in	ADP
fbem-30123	61	32	retail	retail	ADJ
fbem-30123	61	33	channels	channel	NOUN
fbem-30123	61	34	.	.	PUNCT
fbem-30123	62	1	consequently	consequently	ADV
fbem-30123	62	2	,	,	PUNCT
fbem-30123	62	3	the	the	DET
fbem-30123	62	4	company	company	NOUN
fbem-30123	62	5	achieved	achieve	VERB
fbem-30123	62	6	significant	significant	ADJ
fbem-30123	62	7	revenue	revenue	NOUN
fbem-30123	62	8	growth	growth	NOUN
fbem-30123	62	9	.	.	PUNCT
fbem-30123	63	1	however	however	ADV
fbem-30123	63	2	,	,	PUNCT
fbem-30123	63	3	substantial	substantial	ADJ
fbem-30123	63	4	upfront	upfront	ADJ
fbem-30123	63	5	investments	investment	NOUN
fbem-30123	63	6	—	—	PUNCT
fbem-30123	63	7	including	include	VERB
fbem-30123	63	8	slotting	slotting	NOUN
fbem-30123	63	9	fees	fee	NOUN
fbem-30123	63	10	,	,	PUNCT
fbem-30123	63	11	barcode	barcode	NOUN
fbem-30123	63	12	licensing	licensing	NOUN
fbem-30123	63	13	fees	fee	NOUN
fbem-30123	63	14	,	,	PUNCT
fbem-30123	63	15	and	and	CCONJ
fbem-30123	63	16	other	other	ADJ
fbem-30123	63	17	one	one	NUM
fbem-30123	63	18	-	-	PUNCT
fbem-30123	63	19	time	time	NOUN
fbem-30123	63	20	retail	retail	ADJ
fbem-30123	63	21	channel	channel	NOUN
fbem-30123	63	22	costs	cost	NOUN
fbem-30123	63	23	—	—	PUNCT
fbem-30123	63	24	led	lead	VERB
fbem-30123	63	25	to	to	ADP
fbem-30123	63	26	a	a	DET
fbem-30123	63	27	surge	surge	NOUN
fbem-30123	63	28	in	in	ADP
fbem-30123	63	29	overall	overall	ADJ
fbem-30123	63	30	sales	sale	NOUN
fbem-30123	63	31	expenses	expense	NOUN
fbem-30123	63	32	,	,	PUNCT
fbem-30123	63	33	resulting	result	VERB
fbem-30123	63	34	in	in	ADP
fbem-30123	63	35	the	the	DET
fbem-30123	63	36	sharp	sharp	ADJ
fbem-30123	63	37	decline	decline	NOUN
fbem-30123	63	38	of	of	ADP
fbem-30123	63	39	these	these	DET
fbem-30123	63	40	metrics	metric	NOUN
fbem-30123	63	41	in	in	ADP
fbem-30123	63	42	2017	2017	NUM
fbem-30123	63	43	.	.	PUNCT
fbem-30123	64	1	as	as	SCONJ
fbem-30123	64	2	marketing	marketing	NOUN
fbem-30123	64	3	campaigns	campaign	NOUN
fbem-30123	64	4	gained	gain	VERB
fbem-30123	64	5	traction	traction	NOUN
fbem-30123	64	6	,	,	PUNCT
fbem-30123	64	7	revenues	revenue	NOUN
fbem-30123	64	8	surged	surge	VERB
fbem-30123	64	9	notably	notably	ADV
fbem-30123	64	10	from	from	ADP
fbem-30123	64	11	2020	2020	NUM
fbem-30123	64	12	onward	onward	ADV
fbem-30123	64	13	,	,	PUNCT
fbem-30123	64	14	driving	drive	VERB
fbem-30123	64	15	improvements	improvement	NOUN
fbem-30123	64	16	in	in	ADP
fbem-30123	64	17	profitability	profitability	NOUN
fbem-30123	64	18	indicators	indicator	NOUN
fbem-30123	64	19	.	.	PUNCT
fbem-30123	65	1	however	however	ADV
fbem-30123	65	2	,	,	PUNCT
fbem-30123	65	3	by	by	ADP
fbem-30123	65	4	2022	2022	NUM
fbem-30123	65	5	,	,	PUNCT
fbem-30123	65	6	rising	rise	VERB
fbem-30123	65	7	raw	raw	ADJ
fbem-30123	65	8	material	material	NOUN
fbem-30123	65	9	costs	cost	NOUN
fbem-30123	65	10	eroded	erode	VERB
fbem-30123	65	11	profit	profit	NOUN
fbem-30123	65	12	margins	margin	NOUN
fbem-30123	65	13	,	,	PUNCT
fbem-30123	65	14	leading	lead	VERB
fbem-30123	65	15	to	to	ADP
fbem-30123	65	16	another	another	DET
fbem-30123	65	17	decline	decline	NOUN
fbem-30123	65	18	in	in	ADP
fbem-30123	65	19	these	these	DET
fbem-30123	65	20	metrics	metric	NOUN
fbem-30123	65	21	.	.	PUNCT
fbem-30123	66	1	overall	overall	ADJ
fbem-30123	66	2	,	,	PUNCT
fbem-30123	66	3	milkground	milkground	ADJ
fbem-30123	66	4	’s	’s	PART
fbem-30123	66	5	profitability	profitability	NOUN
fbem-30123	66	6	remains	remain	VERB
fbem-30123	66	7	precarious	precarious	ADJ
fbem-30123	66	8	,	,	PUNCT
fbem-30123	66	9	characterized	characterize	VERB
fbem-30123	66	10	by	by	ADP
fbem-30123	66	11	heavy	heavy	ADJ
fbem-30123	66	12	reliance	reliance	NOUN
fbem-30123	66	13	on	on	ADP
fbem-30123	66	14	competitive	competitive	ADJ
fbem-30123	66	15	marketing	marketing	NOUN
fbem-30123	66	16	expenditures	expenditure	NOUN
fbem-30123	66	17	and	and	CCONJ
fbem-30123	66	18	unstable	unstable	ADJ
fbem-30123	66	19	226	226	NUM
fbem-30123	66	20	earnings	earning	NOUN
fbem-30123	66	21	.	.	PUNCT
fbem-30123	67	1	over	over	ADP
fbem-30123	67	2	the	the	DET
fbem-30123	67	3	long	long	ADJ
fbem-30123	67	4	term	term	NOUN
fbem-30123	67	5	,	,	PUNCT
fbem-30123	67	6	its	its	PRON
fbem-30123	67	7	weak	weak	ADJ
fbem-30123	67	8	profitability	profitability	NOUN
fbem-30123	67	9	poses	pose	VERB
fbem-30123	67	10	challenges	challenge	NOUN
fbem-30123	67	11	to	to	ADP
fbem-30123	67	12	sustainable	sustainable	ADJ
fbem-30123	67	13	growth	growth	NOUN
fbem-30123	67	14	.	.	PUNCT
fbem-30123	68	1	2.2.4	2.2.4	NUM
fbem-30123	68	2	.	.	PUNCT
fbem-30123	68	3	growth	growth	NOUN
fbem-30123	68	4	capacity	capacity	NOUN
fbem-30123	68	5	development	development	NOUN
fbem-30123	68	6	capability	capability	NOUN
fbem-30123	68	7	refers	refer	VERB
fbem-30123	68	8	to	to	ADP
fbem-30123	68	9	a	a	DET
fbem-30123	68	10	company	company	NOUN
fbem-30123	68	11	’s	’s	PART
fbem-30123	68	12	ability	ability	NOUN
fbem-30123	68	13	to	to	PART
fbem-30123	68	14	innovate	innovate	VERB
fbem-30123	68	15	and	and	CCONJ
fbem-30123	68	16	grow	grow	VERB
fbem-30123	68	17	over	over	ADP
fbem-30123	68	18	the	the	DET
fbem-30123	68	19	long	long	ADJ
fbem-30123	68	20	term	term	NOUN
fbem-30123	68	21	,	,	PUNCT
fbem-30123	68	22	achieved	achieve	VERB
fbem-30123	68	23	through	through	ADP
fbem-30123	68	24	product	product	NOUN
fbem-30123	68	25	innovation	innovation	NOUN
fbem-30123	68	26	,	,	PUNCT
fbem-30123	68	27	technological	technological	ADJ
fbem-30123	68	28	research	research	NOUN
fbem-30123	68	29	and	and	CCONJ
fbem-30123	68	30	development	development	NOUN
fbem-30123	68	31	,	,	PUNCT
fbem-30123	68	32	and	and	CCONJ
fbem-30123	68	33	market	market	NOUN
fbem-30123	68	34	expansion	expansion	NOUN
fbem-30123	68	35	.	.	PUNCT
fbem-30123	69	1	the	the	DET
fbem-30123	69	2	most	most	ADV
fbem-30123	69	3	direct	direct	ADJ
fbem-30123	69	4	indicator	indicator	NOUN
fbem-30123	69	5	of	of	ADP
fbem-30123	69	6	development	development	NOUN
fbem-30123	69	7	capability	capability	NOUN
fbem-30123	69	8	is	be	AUX
fbem-30123	69	9	the	the	DET
fbem-30123	69	10	net	net	ADJ
fbem-30123	69	11	profit	profit	NOUN
fbem-30123	69	12	growth	growth	NOUN
fbem-30123	69	13	rate	rate	NOUN
fbem-30123	69	14	.	.	PUNCT
fbem-30123	70	1	strong	strong	ADJ
fbem-30123	70	2	development	development	NOUN
fbem-30123	70	3	capability	capability	NOUN
fbem-30123	70	4	enables	enable	VERB
fbem-30123	70	5	a	a	DET
fbem-30123	70	6	company	company	NOUN
fbem-30123	70	7	to	to	PART
fbem-30123	70	8	continuously	continuously	ADV
fbem-30123	70	9	update	update	VERB
fbem-30123	70	10	its	its	PRON
fbem-30123	70	11	products	product	NOUN
fbem-30123	70	12	and	and	CCONJ
fbem-30123	70	13	services	service	NOUN
fbem-30123	70	14	,	,	PUNCT
fbem-30123	70	15	enhance	enhance	VERB
fbem-30123	70	16	its	its	PRON
fbem-30123	70	17	core	core	NOUN
fbem-30123	70	18	competitiveness	competitiveness	NOUN
fbem-30123	70	19	,	,	PUNCT
fbem-30123	70	20	and	and	CCONJ
fbem-30123	70	21	achieve	achieve	VERB
fbem-30123	70	22	sustainable	sustainable	ADJ
fbem-30123	70	23	growth	growth	NOUN
fbem-30123	70	24	.	.	PUNCT
fbem-30123	71	1	table	table	NOUN
fbem-30123	71	2	4	4	NUM
fbem-30123	71	3	.	.	PUNCT
fbem-30123	72	1	milkground	milkground	PROPN
fbem-30123	72	2	’s	’s	PART
fbem-30123	72	3	net	net	ADJ
fbem-30123	72	4	profit	profit	NOUN
fbem-30123	72	5	growth	growth	NOUN
fbem-30123	72	6	rate	rate	NOUN
fbem-30123	72	7	year	year	NOUN
fbem-30123	72	8	net	net	ADJ
fbem-30123	72	9	profit	profit	NOUN
fbem-30123	72	10	growth	growth	NOUN
fbem-30123	72	11	rate	rate	NOUN
fbem-30123	72	12	(	(	PUNCT
fbem-30123	72	13	%	%	INTJ
fbem-30123	72	14	)	)	PUNCT
fbem-30123	72	15	2016	2016	NUM
fbem-30123	72	16	111.72	111.72	NUM
fbem-30123	72	17	2017	2017	NUM
fbem-30123	72	18	-86.72	-86.72	SYM
fbem-30123	72	19	2018	2018	NUM
fbem-30123	72	20	148.66	148.66	NUM
fbem-30123	72	21	2019	2019	NUM
fbem-30123	72	22	80.73	80.73	NUM
fbem-30123	72	23	2020	2020	NUM
fbem-30123	72	24	208.16	208.16	NUM
fbem-30123	72	25	2021	2021	NUM
fbem-30123	72	26	160.55	160.55	NUM
fbem-30123	72	27	2022	2022	NUM
fbem-30123	72	28	-11.74	-11.74	PROPN
fbem-30123	72	29	as	as	SCONJ
fbem-30123	72	30	shown	show	VERB
fbem-30123	72	31	in	in	ADP
fbem-30123	72	32	the	the	DET
fbem-30123	72	33	table	table	NOUN
fbem-30123	72	34	,	,	PUNCT
fbem-30123	72	35	milkground	milkground	PROPN
fbem-30123	72	36	’s	’s	PART
fbem-30123	72	37	net	net	ADJ
fbem-30123	72	38	profit	profit	NOUN
fbem-30123	72	39	growth	growth	NOUN
fbem-30123	72	40	rate	rate	NOUN
fbem-30123	72	41	has	have	AUX
fbem-30123	72	42	exhibited	exhibit	VERB
fbem-30123	72	43	significant	significant	ADJ
fbem-30123	72	44	fluctuations	fluctuation	NOUN
fbem-30123	72	45	,	,	PUNCT
fbem-30123	72	46	with	with	ADP
fbem-30123	72	47	negative	negative	ADJ
fbem-30123	72	48	growth	growth	NOUN
fbem-30123	72	49	observed	observe	VERB
fbem-30123	72	50	only	only	ADV
fbem-30123	72	51	in	in	ADP
fbem-30123	72	52	2017	2017	NUM
fbem-30123	72	53	and	and	CCONJ
fbem-30123	72	54	2022	2022	NUM
fbem-30123	72	55	,	,	PUNCT
fbem-30123	72	56	while	while	SCONJ
fbem-30123	72	57	the	the	DET
fbem-30123	72	58	remaining	remain	VERB
fbem-30123	72	59	years	year	NOUN
fbem-30123	72	60	demonstrated	demonstrate	VERB
fbem-30123	72	61	exceptional	exceptional	ADJ
fbem-30123	72	62	performance	performance	NOUN
fbem-30123	72	63	.	.	PUNCT
fbem-30123	73	1	in	in	ADP
fbem-30123	73	2	2016	2016	NUM
fbem-30123	73	3	,	,	PUNCT
fbem-30123	73	4	milkground	milkground	ADV
fbem-30123	73	5	officially	officially	ADV
fbem-30123	73	6	went	go	VERB
fbem-30123	73	7	public	public	ADJ
fbem-30123	73	8	and	and	CCONJ
fbem-30123	73	9	initiated	initiate	VERB
fbem-30123	73	10	a	a	DET
fbem-30123	73	11	major	major	ADJ
fbem-30123	73	12	asset	asset	NOUN
fbem-30123	73	13	restructuring	restructuring	NOUN
fbem-30123	73	14	,	,	PUNCT
fbem-30123	73	15	transitioning	transition	VERB
fbem-30123	73	16	from	from	ADP
fbem-30123	73	17	its	its	PRON
fbem-30123	73	18	previous	previous	ADJ
fbem-30123	73	19	mining	mining	NOUN
fbem-30123	73	20	operations	operation	NOUN
fbem-30123	73	21	to	to	ADP
fbem-30123	73	22	a	a	DET
fbem-30123	73	23	distinctive	distinctive	ADJ
fbem-30123	73	24	dairy	dairy	NOUN
fbem-30123	73	25	and	and	CCONJ
fbem-30123	73	26	cheese	cheese	NOUN
fbem-30123	73	27	manufacturing	manufacturing	NOUN
fbem-30123	73	28	business	business	NOUN
fbem-30123	73	29	.	.	PUNCT
fbem-30123	74	1	the	the	DET
fbem-30123	74	2	integration	integration	NOUN
fbem-30123	74	3	of	of	ADP
fbem-30123	74	4	new	new	ADJ
fbem-30123	74	5	assets	asset	NOUN
fbem-30123	74	6	during	during	ADP
fbem-30123	74	7	this	this	DET
fbem-30123	74	8	restructuring	restructuring	NOUN
fbem-30123	74	9	process	process	NOUN
fbem-30123	74	10	yielded	yield	VERB
fbem-30123	74	11	superior	superior	ADJ
fbem-30123	74	12	profitability	profitability	NOUN
fbem-30123	74	13	compared	compare	VERB
fbem-30123	74	14	to	to	ADP
fbem-30123	74	15	the	the	DET
fbem-30123	74	16	original	original	ADJ
fbem-30123	74	17	assets	asset	NOUN
fbem-30123	74	18	.	.	PUNCT
fbem-30123	75	1	additionally	additionally	ADV
fbem-30123	75	2	,	,	PUNCT
fbem-30123	75	3	the	the	DET
fbem-30123	75	4	company	company	NOUN
fbem-30123	75	5	generated	generate	VERB
fbem-30123	75	6	investment	investment	NOUN
fbem-30123	75	7	income	income	NOUN
fbem-30123	75	8	from	from	ADP
fbem-30123	75	9	internal	internal	ADJ
fbem-30123	75	10	asset	asset	NOUN
fbem-30123	75	11	restructuring	restructuring	NOUN
fbem-30123	75	12	,	,	PUNCT
fbem-30123	75	13	resulting	result	VERB
fbem-30123	75	14	in	in	ADP
fbem-30123	75	15	a	a	DET
fbem-30123	75	16	turnaround	turnaround	NOUN
fbem-30123	75	17	from	from	ADP
fbem-30123	75	18	losses	loss	NOUN
fbem-30123	75	19	to	to	ADP
fbem-30123	75	20	profits	profit	NOUN
fbem-30123	75	21	during	during	ADP
fbem-30123	75	22	the	the	DET
fbem-30123	75	23	study	study	NOUN
fbem-30123	75	24	period	period	NOUN
fbem-30123	75	25	.	.	PUNCT
fbem-30123	76	1	consequently	consequently	ADV
fbem-30123	76	2	,	,	PUNCT
fbem-30123	76	3	key	key	ADJ
fbem-30123	76	4	metrics	metric	NOUN
fbem-30123	76	5	such	such	ADJ
fbem-30123	76	6	as	as	ADP
fbem-30123	76	7	earnings	earning	NOUN
fbem-30123	76	8	per	per	ADP
fbem-30123	76	9	share	share	NOUN
fbem-30123	76	10	(	(	PUNCT
fbem-30123	76	11	eps	eps	PROPN
fbem-30123	76	12	)	)	PUNCT
fbem-30123	76	13	and	and	CCONJ
fbem-30123	76	14	net	net	ADJ
fbem-30123	76	15	profit	profit	NOUN
fbem-30123	76	16	growth	growth	NOUN
fbem-30123	76	17	rate	rate	NOUN
fbem-30123	76	18	showed	show	VERB
fbem-30123	76	19	substantial	substantial	ADJ
fbem-30123	76	20	improvement	improvement	NOUN
fbem-30123	76	21	.	.	PUNCT
fbem-30123	77	1	however	however	ADV
fbem-30123	77	2	,	,	PUNCT
fbem-30123	77	3	the	the	DET
fbem-30123	77	4	2017	2017	NUM
fbem-30123	77	5	data	datum	NOUN
fbem-30123	77	6	revealed	reveal	VERB
fbem-30123	77	7	a	a	DET
fbem-30123	77	8	decline	decline	NOUN
fbem-30123	77	9	,	,	PUNCT
fbem-30123	77	10	primarily	primarily	ADV
fbem-30123	77	11	due	due	ADP
fbem-30123	77	12	to	to	ADP
fbem-30123	77	13	two	two	NUM
fbem-30123	77	14	factors	factor	NOUN
fbem-30123	77	15	:	:	PUNCT
fbem-30123	77	16	(	(	PUNCT
fbem-30123	77	17	1	1	X
fbem-30123	77	18	)	)	PUNCT
fbem-30123	77	19	the	the	DET
fbem-30123	77	20	absence	absence	NOUN
fbem-30123	77	21	of	of	ADP
fbem-30123	77	22	investment	investment	NOUN
fbem-30123	77	23	income	income	NOUN
fbem-30123	77	24	generated	generate	VERB
fbem-30123	77	25	from	from	ADP
fbem-30123	77	26	the	the	DET
fbem-30123	77	27	previous	previous	ADJ
fbem-30123	77	28	year	year	NOUN
fbem-30123	77	29	’s	’s	PART
fbem-30123	77	30	asset	asset	NOUN
fbem-30123	77	31	restructuring	restructuring	NOUN
fbem-30123	77	32	,	,	PUNCT
fbem-30123	77	33	which	which	PRON
fbem-30123	77	34	amounted	amount	VERB
fbem-30123	77	35	to	to	ADP
fbem-30123	77	36	rmb	rmb	VERB
fbem-30123	77	37	52.233	52.233	NUM
fbem-30123	77	38	million	million	NUM
fbem-30123	77	39	,	,	PUNCT
fbem-30123	77	40	and	and	CCONJ
fbem-30123	77	41	(	(	PUNCT
fbem-30123	77	42	2	2	X
fbem-30123	77	43	)	)	PUNCT
fbem-30123	77	44	the	the	DET
fbem-30123	77	45	company	company	NOUN
fbem-30123	77	46	’s	’s	PART
fbem-30123	77	47	aggressive	aggressive	ADJ
fbem-30123	77	48	focus	focus	NOUN
fbem-30123	77	49	on	on	ADP
fbem-30123	77	50	expanding	expand	VERB
fbem-30123	77	51	its	its	PRON
fbem-30123	77	52	cheese	cheese	NOUN
fbem-30123	77	53	business	business	NOUN
fbem-30123	77	54	to	to	PART
fbem-30123	77	55	gain	gain	VERB
fbem-30123	77	56	market	market	NOUN
fbem-30123	77	57	dominance	dominance	NOUN
fbem-30123	77	58	.	.	PUNCT
fbem-30123	78	1	during	during	ADP
fbem-30123	78	2	this	this	DET
fbem-30123	78	3	period	period	NOUN
fbem-30123	78	4	,	,	PUNCT
fbem-30123	78	5	milkground	milkground	ADJ
fbem-30123	78	6	rapidly	rapidly	ADV
fbem-30123	78	7	expanded	expand	VERB
fbem-30123	78	8	its	its	PRON
fbem-30123	78	9	marketing	marketing	NOUN
fbem-30123	78	10	network	network	NOUN
fbem-30123	78	11	and	and	CCONJ
fbem-30123	78	12	workforce	workforce	NOUN
fbem-30123	78	13	,	,	PUNCT
fbem-30123	78	14	particularly	particularly	ADV
fbem-30123	78	15	in	in	ADP
fbem-30123	78	16	retail	retail	ADJ
fbem-30123	78	17	channels	channel	NOUN
fbem-30123	78	18	.	.	PUNCT
fbem-30123	79	1	while	while	SCONJ
fbem-30123	79	2	sales	sale	NOUN
fbem-30123	79	3	revenue	revenue	NOUN
fbem-30123	79	4	increased	increase	VERB
fbem-30123	79	5	significantly	significantly	ADV
fbem-30123	79	6	,	,	PUNCT
fbem-30123	79	7	the	the	DET
fbem-30123	79	8	company	company	NOUN
fbem-30123	79	9	incurred	incur	VERB
fbem-30123	79	10	substantial	substantial	ADJ
fbem-30123	79	11	upfront	upfront	ADJ
fbem-30123	79	12	costs	cost	NOUN
fbem-30123	79	13	,	,	PUNCT
fbem-30123	79	14	including	include	VERB
fbem-30123	79	15	slotting	slotting	NOUN
fbem-30123	79	16	fees	fee	NOUN
fbem-30123	79	17	,	,	PUNCT
fbem-30123	79	18	barcode	barcode	NOUN
fbem-30123	79	19	licensing	licensing	NOUN
fbem-30123	79	20	fees	fee	NOUN
fbem-30123	79	21	,	,	PUNCT
fbem-30123	79	22	and	and	CCONJ
fbem-30123	79	23	other	other	ADJ
fbem-30123	79	24	one	one	NUM
fbem-30123	79	25	-	-	PUNCT
fbem-30123	79	26	time	time	NOUN
fbem-30123	79	27	expenses	expense	NOUN
fbem-30123	79	28	,	,	PUNCT
fbem-30123	79	29	leading	lead	VERB
fbem-30123	79	30	to	to	ADP
fbem-30123	79	31	a	a	DET
fbem-30123	79	32	sharp	sharp	ADJ
fbem-30123	79	33	rise	rise	NOUN
fbem-30123	79	34	in	in	ADP
fbem-30123	79	35	overall	overall	ADJ
fbem-30123	79	36	sales	sale	NOUN
fbem-30123	79	37	costs	cost	NOUN
fbem-30123	79	38	.	.	PUNCT
fbem-30123	80	1	furthermore	furthermore	ADV
fbem-30123	80	2	,	,	PUNCT
fbem-30123	80	3	the	the	DET
fbem-30123	80	4	company	company	NOUN
fbem-30123	80	5	recognized	recognize	VERB
fbem-30123	80	6	significant	significant	ADJ
fbem-30123	80	7	costs	cost	NOUN
fbem-30123	80	8	related	relate	VERB
fbem-30123	80	9	to	to	ADP
fbem-30123	80	10	its	its	PRON
fbem-30123	80	11	restricted	restrict	VERB
fbem-30123	80	12	stock	stock	NOUN
fbem-30123	80	13	incentive	incentive	NOUN
fbem-30123	80	14	plan	plan	NOUN
fbem-30123	80	15	.	.	PUNCT
fbem-30123	81	1	in	in	ADP
fbem-30123	81	2	the	the	DET
fbem-30123	81	3	following	following	ADJ
fbem-30123	81	4	years	year	NOUN
fbem-30123	81	5	,	,	PUNCT
fbem-30123	81	6	milkground	milkground	ADJ
fbem-30123	81	7	actively	actively	ADV
fbem-30123	81	8	developed	develop	VERB
fbem-30123	81	9	new	new	ADJ
fbem-30123	81	10	products	product	NOUN
fbem-30123	81	11	tailored	tailor	VERB
fbem-30123	81	12	to	to	ADP
fbem-30123	81	13	market	market	NOUN
fbem-30123	81	14	demands	demand	NOUN
fbem-30123	81	15	,	,	PUNCT
fbem-30123	81	16	with	with	ADP
fbem-30123	81	17	its	its	PRON
fbem-30123	81	18	cheese	cheese	NOUN
fbem-30123	81	19	sticks	stick	NOUN
fbem-30123	81	20	becoming	become	VERB
fbem-30123	81	21	a	a	DET
fbem-30123	81	22	successful	successful	ADJ
fbem-30123	81	23	product	product	NOUN
fbem-30123	81	24	targeting	target	VERB
fbem-30123	81	25	children	child	NOUN
fbem-30123	81	26	.	.	PUNCT
fbem-30123	82	1	simultaneously	simultaneously	ADV
fbem-30123	82	2	,	,	PUNCT
fbem-30123	82	3	the	the	DET
fbem-30123	82	4	company	company	NOUN
fbem-30123	82	5	expanded	expand	VERB
fbem-30123	82	6	its	its	PRON
fbem-30123	82	7	distribution	distribution	NOUN
fbem-30123	82	8	channels	channel	NOUN
fbem-30123	82	9	and	and	CCONJ
fbem-30123	82	10	marketing	marketing	NOUN
fbem-30123	82	11	reach	reach	NOUN
fbem-30123	82	12	,	,	PUNCT
fbem-30123	82	13	attracting	attract	VERB
fbem-30123	82	14	new	new	ADJ
fbem-30123	82	15	customers	customer	NOUN
fbem-30123	82	16	and	and	CCONJ
fbem-30123	82	17	collaborating	collaborate	VERB
fbem-30123	82	18	with	with	ADP
fbem-30123	82	19	high	high	ADJ
fbem-30123	82	20	-	-	PUNCT
fbem-30123	82	21	profile	profile	NOUN
fbem-30123	82	22	celebrities	celebrity	NOUN
fbem-30123	82	23	for	for	ADP
fbem-30123	82	24	endorsements	endorsement	NOUN
fbem-30123	82	25	.	.	PUNCT
fbem-30123	83	1	these	these	DET
fbem-30123	83	2	efforts	effort	NOUN
fbem-30123	83	3	contributed	contribute	VERB
fbem-30123	83	4	to	to	ADP
fbem-30123	83	5	remarkable	remarkable	ADJ
fbem-30123	83	6	growth	growth	NOUN
fbem-30123	83	7	in	in	ADP
fbem-30123	83	8	cheese	cheese	NOUN
fbem-30123	83	9	and	and	CCONJ
fbem-30123	83	10	dairy	dairy	NOUN
fbem-30123	83	11	product	product	NOUN
fbem-30123	83	12	sales	sale	NOUN
fbem-30123	83	13	.	.	PUNCT
fbem-30123	84	1	however	however	ADV
fbem-30123	84	2	,	,	PUNCT
fbem-30123	84	3	in	in	ADP
fbem-30123	84	4	2022	2022	NUM
fbem-30123	84	5	,	,	PUNCT
fbem-30123	84	6	external	external	ADJ
fbem-30123	84	7	environmental	environmental	ADJ
fbem-30123	84	8	changes	change	NOUN
fbem-30123	84	9	led	lead	VERB
fbem-30123	84	10	to	to	ADP
fbem-30123	84	11	a	a	DET
fbem-30123	84	12	decline	decline	NOUN
fbem-30123	84	13	in	in	ADP
fbem-30123	84	14	revenue	revenue	NOUN
fbem-30123	84	15	and	and	CCONJ
fbem-30123	84	16	increased	increase	VERB
fbem-30123	84	17	raw	raw	ADJ
fbem-30123	84	18	material	material	NOUN
fbem-30123	84	19	costs	cost	NOUN
fbem-30123	84	20	,	,	PUNCT
fbem-30123	84	21	resulting	result	VERB
fbem-30123	84	22	in	in	ADP
fbem-30123	84	23	a	a	DET
fbem-30123	84	24	negative	negative	ADJ
fbem-30123	84	25	net	net	ADJ
fbem-30123	84	26	profit	profit	NOUN
fbem-30123	84	27	growth	growth	NOUN
fbem-30123	84	28	rate	rate	NOUN
fbem-30123	84	29	.	.	PUNCT
fbem-30123	85	1	3	3	X
fbem-30123	85	2	.	.	X
fbem-30123	85	3	growth	growth	NOUN
fbem-30123	85	4	capability	capability	NOUN
fbem-30123	85	5	analysis	analysis	NOUN
fbem-30123	85	6	using	use	VERB
fbem-30123	85	7	the	the	DET
fbem-30123	85	8	higgins	higgins	PROPN
fbem-30123	85	9	model	model	NOUN
fbem-30123	85	10	3.1	3.1	NUM
fbem-30123	85	11	.	.	PUNCT
fbem-30123	86	1	actual	actual	ADJ
fbem-30123	86	2	growth	growth	NOUN
fbem-30123	86	3	rate	rate	NOUN
fbem-30123	86	4	the	the	DET
fbem-30123	86	5	actual	actual	ADJ
fbem-30123	86	6	growth	growth	NOUN
fbem-30123	86	7	rate	rate	NOUN
fbem-30123	86	8	of	of	ADP
fbem-30123	86	9	an	an	DET
fbem-30123	86	10	enterprise	enterprise	NOUN
fbem-30123	86	11	refers	refer	VERB
fbem-30123	86	12	to	to	ADP
fbem-30123	86	13	the	the	DET
fbem-30123	86	14	realized	realize	VERB
fbem-30123	86	15	growth	growth	NOUN
fbem-30123	86	16	level	level	NOUN
fbem-30123	86	17	within	within	ADP
fbem-30123	86	18	a	a	DET
fbem-30123	86	19	specific	specific	ADJ
fbem-30123	86	20	period	period	NOUN
fbem-30123	86	21	,	,	PUNCT
fbem-30123	86	22	typically	typically	ADV
fbem-30123	86	23	expressed	express	VERB
fbem-30123	86	24	as	as	ADP
fbem-30123	86	25	a	a	DET
fbem-30123	86	26	percentage	percentage	NOUN
fbem-30123	86	27	,	,	PUNCT
fbem-30123	86	28	and	and	CCONJ
fbem-30123	86	29	serves	serve	VERB
fbem-30123	86	30	as	as	ADP
fbem-30123	86	31	a	a	DET
fbem-30123	86	32	critical	critical	ADJ
fbem-30123	86	33	indicator	indicator	NOUN
fbem-30123	86	34	for	for	ADP
fbem-30123	86	35	evaluating	evaluate	VERB
fbem-30123	86	36	sustainable	sustainable	ADJ
fbem-30123	86	37	growth	growth	NOUN
fbem-30123	86	38	capability	capability	NOUN
fbem-30123	86	39	.	.	PUNCT
fbem-30123	87	1	table	table	NOUN
fbem-30123	87	2	5	5	NUM
fbem-30123	87	3	.	.	PUNCT
fbem-30123	88	1	milkground	milkground	PROPN
fbem-30123	88	2	’s	’s	PART
fbem-30123	88	3	actual	actual	ADJ
fbem-30123	88	4	growth	growth	NOUN
fbem-30123	88	5	rate	rate	NOUN
fbem-30123	88	6	year	year	NOUN
fbem-30123	88	7	revenue	revenue	NOUN
fbem-30123	88	8	(	(	PUNCT
fbem-30123	88	9	rmb	rmb	NOUN
fbem-30123	88	10	)	)	PUNCT
fbem-30123	88	11	actual	actual	ADJ
fbem-30123	88	12	growth	growth	NOUN
fbem-30123	88	13	rate	rate	NOUN
fbem-30123	88	14	(	(	PUNCT
fbem-30123	88	15	%	%	INTJ
fbem-30123	88	16	)	)	PUNCT
fbem-30123	88	17	2016	2016	NUM
fbem-30123	88	18	511,569,156.44	511,569,156.44	NUM
fbem-30123	88	19	41.76	41.76	NUM
fbem-30123	88	20	2017	2017	NUM
fbem-30123	88	21	981,998,082.71	981,998,082.71	NUM
fbem-30123	88	22	91.96	91.96	NUM
fbem-30123	88	23	2018	2018	NUM
fbem-30123	88	24	1,225,689,926.53	1,225,689,926.53	NUM
fbem-30123	88	25	24.82	24.82	NUM
fbem-30123	88	26	2019	2019	NUM
fbem-30123	88	27	1,744,349,052.12	1,744,349,052.12	NUM
fbem-30123	88	28	42.32	42.32	NUM
fbem-30123	88	29	2020	2020	NUM
fbem-30123	88	30	2,846,807,171.16	2,846,807,171.16	NUM
fbem-30123	88	31	63.20	63.20	NUM
fbem-30123	88	32	2021	2021	NUM
fbem-30123	88	33	4,478,305,561.69	4,478,305,561.69	NUM
fbem-30123	88	34	57.31	57.31	NUM
fbem-30123	88	35	2022	2022	NUM
fbem-30123	88	36	4,829,537,951.87	4,829,537,951.87	NUM
fbem-30123	88	37	7.84	7.84	NUM
fbem-30123	88	38	as	as	SCONJ
fbem-30123	88	39	clearly	clearly	ADV
fbem-30123	88	40	illustrated	illustrate	VERB
fbem-30123	88	41	in	in	ADP
fbem-30123	88	42	the	the	DET
fbem-30123	88	43	table	table	NOUN
fbem-30123	88	44	,	,	PUNCT
fbem-30123	88	45	milkground	milkground	PROPN
fbem-30123	88	46	’s	’s	PART
fbem-30123	88	47	actual	actual	ADJ
fbem-30123	88	48	growth	growth	NOUN
fbem-30123	88	49	rate	rate	NOUN
fbem-30123	88	50	exhibited	exhibit	VERB
fbem-30123	88	51	significant	significant	ADJ
fbem-30123	88	52	volatility	volatility	NOUN
fbem-30123	88	53	during	during	ADP
fbem-30123	88	54	the	the	DET
fbem-30123	88	55	study	study	NOUN
fbem-30123	88	56	period	period	NOUN
fbem-30123	88	57	.	.	PUNCT
fbem-30123	89	1	in	in	ADP
fbem-30123	89	2	2017	2017	NUM
fbem-30123	89	3	,	,	PUNCT
fbem-30123	89	4	it	it	PRON
fbem-30123	89	5	peaked	peak	VERB
fbem-30123	89	6	at	at	ADP
fbem-30123	89	7	91.96	91.96	NUM
fbem-30123	89	8	%	%	NOUN
fbem-30123	89	9	,	,	PUNCT
fbem-30123	89	10	only	only	ADV
fbem-30123	89	11	to	to	PART
fbem-30123	89	12	plummet	plummet	VERB
fbem-30123	89	13	to	to	ADP
fbem-30123	89	14	24.84	24.84	NUM
fbem-30123	89	15	%	%	NOUN
fbem-30123	89	16	the	the	DET
fbem-30123	89	17	following	following	ADJ
fbem-30123	89	18	year	year	NOUN
fbem-30123	89	19	.	.	PUNCT
fbem-30123	90	1	this	this	DET
fbem-30123	90	2	drastic	drastic	ADJ
fbem-30123	90	3	fluctuation	fluctuation	NOUN
fbem-30123	90	4	can	can	AUX
fbem-30123	90	5	be	be	AUX
fbem-30123	90	6	attributed	attribute	VERB
fbem-30123	90	7	to	to	ADP
fbem-30123	90	8	substantial	substantial	ADJ
fbem-30123	90	9	improvements	improvement	NOUN
fbem-30123	90	10	in	in	ADP
fbem-30123	90	11	the	the	DET
fbem-30123	90	12	company	company	NOUN
fbem-30123	90	13	’s	’s	PART
fbem-30123	90	14	revenue	revenue	NOUN
fbem-30123	90	15	structure	structure	NOUN
fbem-30123	90	16	and	and	CCONJ
fbem-30123	90	17	product	product	NOUN
fbem-30123	90	18	portfolio	portfolio	NOUN
fbem-30123	90	19	,	,	PUNCT
fbem-30123	90	20	which	which	PRON
fbem-30123	90	21	were	be	AUX
fbem-30123	90	22	offset	offset	VERB
fbem-30123	90	23	by	by	ADP
fbem-30123	90	24	a	a	DET
fbem-30123	90	25	decline	decline	NOUN
fbem-30123	90	26	in	in	ADP
fbem-30123	90	27	trade	trade	NOUN
fbem-30123	90	28	performance	performance	NOUN
fbem-30123	90	29	compared	compare	VERB
fbem-30123	90	30	to	to	ADP
fbem-30123	90	31	the	the	DET
fbem-30123	90	32	previous	previous	ADJ
fbem-30123	90	33	year	year	NOUN
fbem-30123	90	34	,	,	PUNCT
fbem-30123	90	35	thereby	thereby	ADV
fbem-30123	90	36	dampening	dampen	VERB
fbem-30123	90	37	the	the	DET
fbem-30123	90	38	actual	actual	ADJ
fbem-30123	90	39	growth	growth	NOUN
fbem-30123	90	40	rate	rate	NOUN
fbem-30123	90	41	.	.	PUNCT
fbem-30123	91	1	subsequently	subsequently	ADV
fbem-30123	91	2	,	,	PUNCT
fbem-30123	91	3	sales	sale	NOUN
fbem-30123	91	4	stabilized	stabilize	VERB
fbem-30123	91	5	gradually	gradually	ADV
fbem-30123	91	6	.	.	PUNCT
fbem-30123	92	1	however	however	ADV
fbem-30123	92	2	,	,	PUNCT
fbem-30123	92	3	in	in	ADP
fbem-30123	92	4	2022	2022	NUM
fbem-30123	92	5	,	,	PUNCT
fbem-30123	92	6	like	like	ADP
fbem-30123	92	7	earlier	early	ADJ
fbem-30123	92	8	trends	trend	NOUN
fbem-30123	92	9	,	,	PUNCT
fbem-30123	92	10	external	external	ADJ
fbem-30123	92	11	environmental	environmental	ADJ
fbem-30123	92	12	disruptions	disruption	NOUN
fbem-30123	92	13	led	lead	VERB
fbem-30123	92	14	to	to	ADP
fbem-30123	92	15	a	a	DET
fbem-30123	92	16	contraction	contraction	NOUN
fbem-30123	92	17	in	in	ADP
fbem-30123	92	18	operating	operating	NOUN
fbem-30123	92	19	revenue	revenue	NOUN
fbem-30123	92	20	.	.	PUNCT
fbem-30123	93	1	3.2	3.2	NUM
fbem-30123	93	2	.	.	PUNCT
fbem-30123	94	1	sustainable	sustainable	ADJ
fbem-30123	94	2	growth	growth	NOUN
fbem-30123	94	3	rate	rate	NOUN
fbem-30123	94	4	the	the	DET
fbem-30123	94	5	higgins	higgins	PROPN
fbem-30123	94	6	model	model	NOUN
fbem-30123	94	7	defines	define	VERB
fbem-30123	94	8	sustainable	sustainable	ADJ
fbem-30123	94	9	growth	growth	NOUN
fbem-30123	94	10	rate	rate	NOUN
fbem-30123	94	11	(	(	PUNCT
fbem-30123	94	12	sgr	sgr	PROPN
fbem-30123	94	13	)	)	PUNCT
fbem-30123	94	14	as	as	ADP
fbem-30123	94	15	:	:	PUNCT
fbem-30123	94	16	sgr	sgr	PROPN
fbem-30123	94	17	=	=	PROPN
fbem-30123	94	18	net	net	ADJ
fbem-30123	94	19	profit	profit	NOUN
fbem-30123	94	20	margin×total	margin×total	ADJ
fbem-30123	94	21	asset	asset	NOUN
fbem-30123	94	22	turnover×equity	turnover×equity	NOUN
fbem-30123	94	23	multiplier×retention	multiplier×retention	NOUN
fbem-30123	94	24	ratio	ratio	NOUN
fbem-30123	94	25	using	use	VERB
fbem-30123	94	26	this	this	DET
fbem-30123	94	27	formula	formula	NOUN
fbem-30123	94	28	,	,	PUNCT
fbem-30123	94	29	the	the	DET
fbem-30123	94	30	annual	annual	ADJ
fbem-30123	94	31	reports	report	NOUN
fbem-30123	94	32	of	of	ADP
fbem-30123	94	33	milkground	milkground	NOUN
fbem-30123	94	34	from	from	ADP
fbem-30123	94	35	2016	2016	NUM
fbem-30123	94	36	to	to	ADP
fbem-30123	94	37	2022	2022	NUM
fbem-30123	94	38	were	be	AUX
fbem-30123	94	39	organized	organize	VERB
fbem-30123	94	40	:	:	PUNCT
fbem-30123	94	41	table	table	NOUN
fbem-30123	94	42	6	6	NUM
fbem-30123	94	43	.	.	PUNCT
fbem-30123	95	1	milkground	milkground	PROPN
fbem-30123	95	2	’s	’s	PART
fbem-30123	95	3	sustainable	sustainable	ADJ
fbem-30123	95	4	growth	growth	NOUN
fbem-30123	95	5	rate	rate	NOUN
fbem-30123	95	6	(	(	PUNCT
fbem-30123	95	7	sgr	sgr	PROPN
fbem-30123	95	8	)	)	PUNCT
fbem-30123	95	9	year	year	NOUN
fbem-30123	95	10	net	net	ADJ
fbem-30123	95	11	profit	profit	NOUN
fbem-30123	95	12	margin	margin	NOUN
fbem-30123	95	13	total	total	ADJ
fbem-30123	95	14	asset	asset	NOUN
fbem-30123	95	15	turnover	turnover	NOUN
fbem-30123	95	16	equity	equity	NOUN
fbem-30123	95	17	multiplier	multipli	ADJ
fbem-30123	95	18	retention	retention	NOUN
fbem-30123	95	19	ratio	ratio	NOUN
fbem-30123	95	20	sgr	sgr	PROPN
fbem-30123	95	21	(	(	PUNCT
fbem-30123	95	22	%	%	INTJ
fbem-30123	95	23	)	)	PUNCT
fbem-30123	95	24	2016	2016	NUM
fbem-30123	95	25	6.17	6.17	NUM
fbem-30123	95	26	%	%	NOUN
fbem-30123	95	27	0.27	0.27	NUM
fbem-30123	95	28	1.87	1.87	NUM
fbem-30123	95	29	1.00	1.00	NUM
fbem-30123	95	30	3.12	3.12	NUM
fbem-30123	95	31	2017	2017	NUM
fbem-30123	95	32	0.44	0.44	NUM
fbem-30123	95	33	%	%	NOUN
fbem-30123	95	34	0.41	0.41	NUM
fbem-30123	95	35	2.25	2.25	NUM
fbem-30123	95	36	1.00	1.00	NUM
fbem-30123	95	37	0.41	0.41	NUM
fbem-30123	95	38	2018	2018	NUM
fbem-30123	95	39	0.87	0.87	NUM
fbem-30123	95	40	%	%	NOUN
fbem-30123	95	41	0.46	0.46	NUM
fbem-30123	95	42	2.21	2.21	NUM
fbem-30123	95	43	1.00	1.00	NUM
fbem-30123	95	44	0.88	0.88	NUM
fbem-30123	95	45	2019	2019	NUM
fbem-30123	95	46	1.10	1.10	NUM
fbem-30123	95	47	%	%	NOUN
fbem-30123	95	48	0.68	0.68	NUM
fbem-30123	95	49	1.93	1.93	NUM
fbem-30123	95	50	1.00	1.00	NUM
fbem-30123	95	51	1.44	1.44	NUM
fbem-30123	95	52	2020	2020	NUM
fbem-30123	95	53	2.60	2.60	NUM
fbem-30123	95	54	%	%	NOUN
fbem-30123	95	55	1.03	1.03	NUM
fbem-30123	95	56	1.69	1.69	NUM
fbem-30123	95	57	1.00	1.00	NUM
fbem-30123	95	58	4.53	4.53	NUM
fbem-30123	95	59	2021	2021	NUM
fbem-30123	95	60	4.33	4.33	NUM
fbem-30123	95	61	%	%	NOUN
fbem-30123	95	62	0.91	0.91	NUM
fbem-30123	95	63	1.36	1.36	NUM
fbem-30123	95	64	1.00	1.00	NUM
fbem-30123	95	65	5.36	5.36	NUM
fbem-30123	95	66	2022	2022	NUM
fbem-30123	95	67	3.54	3.54	NUM
fbem-30123	95	68	%	%	NOUN
fbem-30123	95	69	0.68	0.68	NUM
fbem-30123	95	70	1.53	1.53	NUM
fbem-30123	95	71	1.00	1.00	NUM
fbem-30123	95	72	3.68	3.68	NUM
fbem-30123	95	73	the	the	DET
fbem-30123	95	74	sustainable	sustainable	ADJ
fbem-30123	95	75	growth	growth	NOUN
fbem-30123	95	76	rate	rate	NOUN
fbem-30123	95	77	of	of	ADP
fbem-30123	95	78	milkground	milkground	ADJ
fbem-30123	95	79	,	,	PUNCT
fbem-30123	95	80	consistent	consistent	ADJ
fbem-30123	95	81	with	with	ADP
fbem-30123	95	82	previous	previous	ADJ
fbem-30123	95	83	data	datum	NOUN
fbem-30123	95	84	,	,	PUNCT
fbem-30123	95	85	shows	show	VERB
fbem-30123	95	86	a	a	DET
fbem-30123	95	87	sharp	sharp	ADJ
fbem-30123	95	88	decline	decline	NOUN
fbem-30123	95	89	from	from	ADP
fbem-30123	95	90	2016	2016	NUM
fbem-30123	95	91	to	to	ADP
fbem-30123	95	92	2017	2017	NUM
fbem-30123	95	93	,	,	PUNCT
fbem-30123	95	94	followed	follow	VERB
fbem-30123	95	95	by	by	ADP
fbem-30123	95	96	a	a	DET
fbem-30123	95	97	hopeful	hopeful	ADJ
fbem-30123	95	98	upward	upward	ADJ
fbem-30123	95	99	trend	trend	NOUN
fbem-30123	95	100	from	from	ADP
fbem-30123	95	101	2017	2017	NUM
fbem-30123	95	102	to	to	ADP
fbem-30123	95	103	2021	2021	NUM
fbem-30123	95	104	,	,	PUNCT
fbem-30123	95	105	reaching	reach	VERB
fbem-30123	95	106	its	its	PRON
fbem-30123	95	107	peak	peak	NOUN
fbem-30123	95	108	in	in	ADP
fbem-30123	95	109	2021	2021	NUM
fbem-30123	95	110	,	,	PUNCT
fbem-30123	95	111	and	and	CCONJ
fbem-30123	95	112	then	then	ADV
fbem-30123	95	113	declining	decline	VERB
fbem-30123	95	114	in	in	ADP
fbem-30123	95	115	2022	2022	NUM
fbem-30123	95	116	.	.	PUNCT
fbem-30123	96	1	the	the	DET
fbem-30123	96	2	reasons	reason	NOUN
fbem-30123	96	3	for	for	ADP
fbem-30123	96	4	this	this	DET
fbem-30123	96	5	trend	trend	NOUN
fbem-30123	96	6	are	be	AUX
fbem-30123	96	7	the	the	DET
fbem-30123	96	8	same	same	ADJ
fbem-30123	96	9	as	as	SCONJ
fbem-30123	96	10	mentioned	mention	VERB
fbem-30123	96	11	earlier	early	ADV
fbem-30123	96	12	:	:	PUNCT
fbem-30123	96	13	excessive	excessive	ADJ
fbem-30123	96	14	investment	investment	NOUN
fbem-30123	96	15	in	in	ADP
fbem-30123	96	16	marketing	marketing	NOUN
fbem-30123	96	17	to	to	PART
fbem-30123	96	18	capture	capture	VERB
fbem-30123	96	19	market	market	NOUN
fbem-30123	96	20	share	share	NOUN
fbem-30123	96	21	led	lead	VERB
fbem-30123	96	22	to	to	ADP
fbem-30123	96	23	a	a	DET
fbem-30123	96	24	decline	decline	NOUN
fbem-30123	96	25	in	in	ADP
fbem-30123	96	26	the	the	DET
fbem-30123	96	27	growth	growth	NOUN
fbem-30123	96	28	rate	rate	NOUN
fbem-30123	96	29	in	in	ADP
fbem-30123	96	30	2017	2017	NUM
fbem-30123	96	31	.	.	PUNCT
fbem-30123	97	1	3.3	3.3	NUM
fbem-30123	97	2	.	.	PUNCT
fbem-30123	97	3	deviation	deviation	NOUN
fbem-30123	97	4	in	in	ADP
fbem-30123	97	5	enterprise	enterprise	NOUN
fbem-30123	97	6	growth	growth	NOUN
fbem-30123	97	7	capability	capability	NOUN
fbem-30123	97	8	both	both	CCONJ
fbem-30123	97	9	a	a	DET
fbem-30123	97	10	company	company	NOUN
fbem-30123	97	11	's	's	PART
fbem-30123	97	12	actual	actual	ADJ
fbem-30123	97	13	growth	growth	NOUN
fbem-30123	97	14	rate	rate	NOUN
fbem-30123	97	15	and	and	CCONJ
fbem-30123	97	16	the	the	DET
fbem-30123	97	17	sustainable	sustainable	ADJ
fbem-30123	97	18	227	227	NUM
fbem-30123	97	19	growth	growth	NOUN
fbem-30123	97	20	rate	rate	NOUN
fbem-30123	97	21	based	base	VERB
fbem-30123	97	22	on	on	ADP
fbem-30123	97	23	the	the	DET
fbem-30123	97	24	higgins	higgins	PROPN
fbem-30123	97	25	model	model	NOUN
fbem-30123	97	26	are	be	AUX
fbem-30123	97	27	indicators	indicator	NOUN
fbem-30123	97	28	used	use	VERB
fbem-30123	97	29	to	to	PART
fbem-30123	97	30	measure	measure	VERB
fbem-30123	97	31	corporate	corporate	ADJ
fbem-30123	97	32	growth	growth	NOUN
fbem-30123	97	33	,	,	PUNCT
fbem-30123	97	34	but	but	CCONJ
fbem-30123	97	35	they	they	PRON
fbem-30123	97	36	reflect	reflect	VERB
fbem-30123	97	37	different	different	ADJ
fbem-30123	97	38	aspects	aspect	NOUN
fbem-30123	97	39	of	of	ADP
fbem-30123	97	40	this	this	DET
fbem-30123	97	41	growth	growth	NOUN
fbem-30123	97	42	.	.	PUNCT
fbem-30123	98	1	the	the	DET
fbem-30123	98	2	key	key	ADJ
fbem-30123	98	3	difference	difference	NOUN
fbem-30123	98	4	between	between	ADP
fbem-30123	98	5	the	the	DET
fbem-30123	98	6	two	two	NUM
fbem-30123	98	7	is	be	AUX
fbem-30123	98	8	that	that	SCONJ
fbem-30123	98	9	the	the	DET
fbem-30123	98	10	actual	actual	ADJ
fbem-30123	98	11	growth	growth	NOUN
fbem-30123	98	12	rate	rate	NOUN
fbem-30123	98	13	is	be	AUX
fbem-30123	98	14	calculated	calculate	VERB
fbem-30123	98	15	based	base	VERB
fbem-30123	98	16	on	on	ADP
fbem-30123	98	17	the	the	DET
fbem-30123	98	18	company	company	NOUN
fbem-30123	98	19	’s	’s	PART
fbem-30123	98	20	shortterm	shortterm	PROPN
fbem-30123	98	21	operational	operational	ADJ
fbem-30123	98	22	performance	performance	NOUN
fbem-30123	98	23	,	,	PUNCT
fbem-30123	98	24	reflecting	reflect	VERB
fbem-30123	98	25	external	external	ADJ
fbem-30123	98	26	factors	factor	NOUN
fbem-30123	98	27	such	such	ADJ
fbem-30123	98	28	as	as	ADP
fbem-30123	98	29	market	market	NOUN
fbem-30123	98	30	environment	environment	NOUN
fbem-30123	98	31	and	and	CCONJ
fbem-30123	98	32	competitive	competitive	ADJ
fbem-30123	98	33	conditions	condition	NOUN
fbem-30123	98	34	.	.	PUNCT
fbem-30123	99	1	in	in	ADP
fbem-30123	99	2	contrast	contrast	NOUN
fbem-30123	99	3	,	,	PUNCT
fbem-30123	99	4	the	the	DET
fbem-30123	99	5	sustainable	sustainable	ADJ
fbem-30123	99	6	growth	growth	NOUN
fbem-30123	99	7	rate	rate	NOUN
fbem-30123	99	8	(	(	PUNCT
fbem-30123	99	9	sgr	sgr	PROPN
fbem-30123	99	10	)	)	PUNCT
fbem-30123	99	11	derived	derive	VERB
fbem-30123	99	12	from	from	ADP
fbem-30123	99	13	the	the	DET
fbem-30123	99	14	higgins	higgins	PROPN
fbem-30123	99	15	model	model	NOUN
fbem-30123	99	16	is	be	AUX
fbem-30123	99	17	based	base	VERB
fbem-30123	99	18	on	on	ADP
fbem-30123	99	19	the	the	DET
fbem-30123	99	20	internal	internal	ADJ
fbem-30123	99	21	conditions	condition	NOUN
fbem-30123	99	22	necessary	necessary	ADJ
fbem-30123	99	23	for	for	ADP
fbem-30123	99	24	sustainable	sustainable	ADJ
fbem-30123	99	25	growth	growth	NOUN
fbem-30123	99	26	,	,	PUNCT
fbem-30123	99	27	reflecting	reflect	VERB
fbem-30123	99	28	the	the	DET
fbem-30123	99	29	company	company	NOUN
fbem-30123	99	30	’s	’s	PART
fbem-30123	99	31	internal	internal	ADJ
fbem-30123	99	32	ability	ability	NOUN
fbem-30123	99	33	and	and	CCONJ
fbem-30123	99	34	potential	potential	NOUN
fbem-30123	99	35	for	for	ADP
fbem-30123	99	36	sustainable	sustainable	ADJ
fbem-30123	99	37	development	development	NOUN
fbem-30123	99	38	.	.	PUNCT
fbem-30123	100	1	table	table	NOUN
fbem-30123	100	2	7	7	NUM
fbem-30123	100	3	.	.	PUNCT
fbem-30123	100	4	growth	growth	NOUN
fbem-30123	100	5	deviation	deviation	NOUN
fbem-30123	100	6	calculation	calculation	NOUN
fbem-30123	100	7	year	year	NOUN
fbem-30123	100	8	sustainable	sustainable	ADJ
fbem-30123	100	9	growth	growth	NOUN
fbem-30123	100	10	rate	rate	NOUN
fbem-30123	100	11	(	(	PUNCT
fbem-30123	100	12	sgr	sgr	PROPN
fbem-30123	100	13	)	)	PUNCT
fbem-30123	100	14	actual	actual	ADJ
fbem-30123	100	15	growth	growth	NOUN
fbem-30123	100	16	rate	rate	NOUN
fbem-30123	100	17	(	(	PUNCT
fbem-30123	100	18	g	g	NOUN
fbem-30123	100	19	)	)	PUNCT
fbem-30123	100	20	deviation	deviation	NOUN
fbem-30123	100	21	(	(	PUNCT
fbem-30123	100	22	δ	δ	NOUN
fbem-30123	100	23	=	=	SYM
fbem-30123	100	24	g	g	PROPN
fbem-30123	100	25	−	−	PROPN
fbem-30123	100	26	sgr	sgr	PROPN
fbem-30123	100	27	)	)	PUNCT
fbem-30123	100	28	2016	2016	NUM
fbem-30123	100	29	3.12	3.12	NUM
fbem-30123	100	30	%	%	NOUN
fbem-30123	100	31	41.76	41.76	NUM
fbem-30123	100	32	%	%	NOUN
fbem-30123	100	33	38.64	38.64	NUM
fbem-30123	100	34	%	%	NOUN
fbem-30123	100	35	2017	2017	NUM
fbem-30123	100	36	0.41	0.41	NUM
fbem-30123	100	37	%	%	NOUN
fbem-30123	100	38	91.96	91.96	NUM
fbem-30123	100	39	%	%	NOUN
fbem-30123	100	40	91.55	91.55	NUM
fbem-30123	100	41	%	%	NOUN
fbem-30123	100	42	2018	2018	NUM
fbem-30123	100	43	0.88	0.88	NUM
fbem-30123	100	44	%	%	NOUN
fbem-30123	100	45	24.82	24.82	NUM
fbem-30123	100	46	%	%	NOUN
fbem-30123	100	47	23.94	23.94	NUM
fbem-30123	100	48	%	%	NOUN
fbem-30123	100	49	2019	2019	NUM
fbem-30123	100	50	1.44	1.44	NUM
fbem-30123	100	51	%	%	NOUN
fbem-30123	100	52	42.32	42.32	NUM
fbem-30123	100	53	%	%	NOUN
fbem-30123	100	54	40.88	40.88	NUM
fbem-30123	100	55	%	%	NOUN
fbem-30123	100	56	2020	2020	NUM
fbem-30123	100	57	4.53	4.53	NUM
fbem-30123	100	58	%	%	NOUN
fbem-30123	100	59	63.20	63.20	NUM
fbem-30123	100	60	%	%	NOUN
fbem-30123	100	61	58.67	58.67	NUM
fbem-30123	100	62	%	%	NOUN
fbem-30123	100	63	2021	2021	NUM
fbem-30123	100	64	5.36	5.36	NUM
fbem-30123	100	65	%	%	NOUN
fbem-30123	100	66	57.31	57.31	NUM
fbem-30123	100	67	%	%	NOUN
fbem-30123	100	68	51.95	51.95	NUM
fbem-30123	100	69	%	%	NOUN
fbem-30123	100	70	2022	2022	NUM
fbem-30123	100	71	3.68	3.68	NUM
fbem-30123	100	72	%	%	NOUN
fbem-30123	100	73	7.84	7.84	NUM
fbem-30123	100	74	%	%	NOUN
fbem-30123	100	75	4.16	4.16	NUM
fbem-30123	100	76	%	%	NOUN
fbem-30123	100	77	table	table	NOUN
fbem-30123	100	78	8	8	NUM
fbem-30123	100	79	.	.	PUNCT
fbem-30123	101	1	operating	operate	VERB
fbem-30123	101	2	efficiency	efficiency	NOUN
fbem-30123	101	3	year	year	NOUN
fbem-30123	101	4	net	net	ADJ
fbem-30123	101	5	profit	profit	NOUN
fbem-30123	101	6	margin	margin	NOUN
fbem-30123	101	7	total	total	ADJ
fbem-30123	101	8	asset	asset	NOUN
fbem-30123	101	9	turnover	turnover	NOUN
fbem-30123	101	10	2016	2016	NUM
fbem-30123	101	11	6.17	6.17	NUM
fbem-30123	101	12	%	%	NOUN
fbem-30123	101	13	0.27	0.27	NUM
fbem-30123	101	14	2017	2017	NUM
fbem-30123	101	15	0.44	0.44	NUM
fbem-30123	101	16	%	%	NOUN
fbem-30123	101	17	0.41	0.41	NUM
fbem-30123	101	18	2018	2018	NUM
fbem-30123	101	19	0.87	0.87	NUM
fbem-30123	101	20	%	%	NOUN
fbem-30123	101	21	0.46	0.46	NUM
fbem-30123	101	22	2019	2019	NUM
fbem-30123	101	23	1.10	1.10	NUM
fbem-30123	101	24	%	%	NOUN
fbem-30123	101	25	0.68	0.68	NUM
fbem-30123	101	26	2020	2020	NUM
fbem-30123	101	27	2.60	2.60	NUM
fbem-30123	101	28	%	%	NOUN
fbem-30123	101	29	1.03	1.03	NUM
fbem-30123	101	30	2021	2021	NUM
fbem-30123	101	31	4.33	4.33	NUM
fbem-30123	101	32	%	%	NOUN
fbem-30123	101	33	0.91	0.91	NUM
fbem-30123	101	34	2022	2022	NUM
fbem-30123	101	35	3.54	3.54	NUM
fbem-30123	101	36	%	%	NOUN
fbem-30123	101	37	0.68	0.68	NUM
fbem-30123	101	38	table	table	NOUN
fbem-30123	101	39	8	8	NUM
fbem-30123	101	40	.	.	PUNCT
fbem-30123	102	1	financial	financial	ADJ
fbem-30123	102	2	policy	policy	NOUN
fbem-30123	102	3	year	year	NOUN
fbem-30123	102	4	retention	retention	NOUN
fbem-30123	102	5	ratio	ratio	NOUN
fbem-30123	102	6	equity	equity	PROPN
fbem-30123	102	7	ratio	ratio	PROPN
fbem-30123	102	8	asset	asset	NOUN
fbem-30123	102	9	-	-	PUNCT
fbem-30123	102	10	liability	liability	NOUN
fbem-30123	102	11	ratio	ratio	NOUN
fbem-30123	102	12	2016	2016	NUM
fbem-30123	102	13	1	1	NUM
fbem-30123	102	14	87.15	87.15	NUM
fbem-30123	102	15	%	%	NOUN
fbem-30123	102	16	46.57	46.57	NUM
fbem-30123	102	17	%	%	NOUN
fbem-30123	102	18	2017	2017	NUM
fbem-30123	102	19	1	1	NUM
fbem-30123	102	20	125	125	NUM
fbem-30123	102	21	%	%	NOUN
fbem-30123	102	22	55.64	55.64	NUM
fbem-30123	102	23	%	%	NOUN
fbem-30123	102	24	2018	2018	NUM
fbem-30123	102	25	1	1	NUM
fbem-30123	102	26	121	121	NUM
fbem-30123	102	27	%	%	NOUN
fbem-30123	102	28	54.71	54.71	NUM
fbem-30123	102	29	%	%	NOUN
fbem-30123	102	30	2019	2019	NUM
fbem-30123	102	31	1	1	NUM
fbem-30123	102	32	93.03	93.03	NUM
fbem-30123	102	33	%	%	NOUN
fbem-30123	102	34	48.19	48.19	NUM
fbem-30123	102	35	%	%	NOUN
fbem-30123	102	36	2020	2020	NUM
fbem-30123	102	37	1	1	NUM
fbem-30123	102	38	84.79	84.79	NUM
fbem-30123	102	39	%	%	NOUN
fbem-30123	102	40	40.73	40.73	NUM
fbem-30123	102	41	%	%	NOUN
fbem-30123	102	42	2021	2021	NUM
fbem-30123	102	43	1	1	NUM
fbem-30123	102	44	39.69	39.69	NUM
fbem-30123	102	45	%	%	NOUN
fbem-30123	102	46	26.74	26.74	NUM
fbem-30123	102	47	%	%	NOUN
fbem-30123	102	48	2022	2022	NUM
fbem-30123	102	49	1	1	NUM
fbem-30123	102	50	57.58	57.58	NUM
fbem-30123	102	51	%	%	NOUN
fbem-30123	102	52	34.43	34.43	NUM
fbem-30123	102	53	%	%	NOUN
fbem-30123	102	54	calculating	calculate	VERB
fbem-30123	102	55	the	the	DET
fbem-30123	102	56	deviation	deviation	NOUN
fbem-30123	102	57	between	between	ADP
fbem-30123	102	58	a	a	DET
fbem-30123	102	59	company	company	NOUN
fbem-30123	102	60	’s	’s	PART
fbem-30123	102	61	actual	actual	ADJ
fbem-30123	102	62	growth	growth	NOUN
fbem-30123	102	63	rate	rate	NOUN
fbem-30123	102	64	and	and	CCONJ
fbem-30123	102	65	its	its	PRON
fbem-30123	102	66	higgins	higgins	PROPN
fbem-30123	102	67	model	model	NOUN
fbem-30123	102	68	sustainable	sustainable	ADJ
fbem-30123	102	69	growth	growth	NOUN
fbem-30123	102	70	rate	rate	NOUN
fbem-30123	102	71	helps	helps	AUX
fbem-30123	102	72	provide	provide	VERB
fbem-30123	102	73	a	a	DET
fbem-30123	102	74	better	well	ADJ
fbem-30123	102	75	understanding	understanding	NOUN
fbem-30123	102	76	of	of	ADP
fbem-30123	102	77	the	the	DET
fbem-30123	102	78	company	company	NOUN
fbem-30123	102	79	’s	’s	PART
fbem-30123	102	80	growth	growth	NOUN
fbem-30123	102	81	status	status	NOUN
fbem-30123	102	82	and	and	CCONJ
fbem-30123	102	83	development	development	NOUN
fbem-30123	102	84	potential	potential	NOUN
fbem-30123	102	85	,	,	PUNCT
fbem-30123	102	86	offering	offer	VERB
fbem-30123	102	87	critical	critical	ADJ
fbem-30123	102	88	decisionmaking	decisionmake	VERB
fbem-30123	102	89	support	support	NOUN
fbem-30123	102	90	for	for	ADP
fbem-30123	102	91	managers	manager	NOUN
fbem-30123	102	92	.	.	PUNCT
fbem-30123	103	1	first	first	ADV
fbem-30123	103	2	,	,	PUNCT
fbem-30123	103	3	the	the	DET
fbem-30123	103	4	deviation	deviation	NOUN
fbem-30123	103	5	can	can	AUX
fbem-30123	103	6	reveal	reveal	VERB
fbem-30123	103	7	the	the	DET
fbem-30123	103	8	company	company	NOUN
fbem-30123	103	9	’s	’s	PART
fbem-30123	103	10	growth	growth	NOUN
fbem-30123	103	11	potential	potential	NOUN
fbem-30123	103	12	.	.	PUNCT
fbem-30123	104	1	second	second	ADJ
fbem-30123	104	2	,	,	PUNCT
fbem-30123	104	3	it	it	PRON
fbem-30123	104	4	can	can	AUX
fbem-30123	104	5	guide	guide	VERB
fbem-30123	104	6	corporate	corporate	ADJ
fbem-30123	104	7	decision	decision	NOUN
fbem-30123	104	8	-	-	PUNCT
fbem-30123	104	9	making	making	NOUN
fbem-30123	104	10	.	.	PUNCT
fbem-30123	105	1	finally	finally	ADV
fbem-30123	105	2	,	,	PUNCT
fbem-30123	105	3	it	it	PRON
fbem-30123	105	4	can	can	AUX
fbem-30123	105	5	be	be	AUX
fbem-30123	105	6	used	use	VERB
fbem-30123	105	7	to	to	PART
fbem-30123	105	8	assess	assess	VERB
fbem-30123	105	9	the	the	DET
fbem-30123	105	10	company	company	NOUN
fbem-30123	105	11	’s	’s	PART
fbem-30123	105	12	value	value	NOUN
fbem-30123	105	13	.	.	PUNCT
fbem-30123	106	1	milkground	milkground	PROPN
fbem-30123	106	2	’s	’s	PART
fbem-30123	106	3	actual	actual	ADJ
fbem-30123	106	4	growth	growth	NOUN
fbem-30123	106	5	rate	rate	NOUN
fbem-30123	106	6	(	(	PUNCT
fbem-30123	106	7	g	g	NOUN
fbem-30123	106	8	)	)	PUNCT
fbem-30123	106	9	is	be	AUX
fbem-30123	106	10	significantly	significantly	ADV
fbem-30123	106	11	higher	high	ADJ
fbem-30123	106	12	than	than	ADP
fbem-30123	106	13	its	its	PRON
fbem-30123	106	14	sustainable	sustainable	ADJ
fbem-30123	106	15	growth	growth	NOUN
fbem-30123	106	16	rate	rate	NOUN
fbem-30123	106	17	(	(	PUNCT
fbem-30123	106	18	sgr	sgr	PROPN
fbem-30123	106	19	)	)	PUNCT
fbem-30123	106	20	,	,	PUNCT
fbem-30123	106	21	indicating	indicate	VERB
fbem-30123	106	22	that	that	SCONJ
fbem-30123	106	23	the	the	DET
fbem-30123	106	24	company	company	NOUN
fbem-30123	106	25	’s	’s	PART
fbem-30123	106	26	current	current	ADJ
fbem-30123	106	27	growth	growth	NOUN
fbem-30123	106	28	model	model	NOUN
fbem-30123	106	29	is	be	AUX
fbem-30123	106	30	unsustainable	unsustainable	ADJ
fbem-30123	106	31	.	.	PUNCT
fbem-30123	107	1	this	this	PRON
fbem-30123	107	2	may	may	AUX
fbem-30123	107	3	be	be	AUX
fbem-30123	107	4	due	due	ADJ
fbem-30123	107	5	to	to	ADP
fbem-30123	107	6	over	over	ADP
fbem-30123	107	7	-	-	PUNCT
fbem-30123	107	8	reliance	reliance	NOUN
fbem-30123	107	9	on	on	ADP
fbem-30123	107	10	certain	certain	ADJ
fbem-30123	107	11	products	product	NOUN
fbem-30123	107	12	or	or	CCONJ
fbem-30123	107	13	markets	market	NOUN
fbem-30123	107	14	.	.	PUNCT
fbem-30123	108	1	the	the	DET
fbem-30123	108	2	company	company	NOUN
fbem-30123	108	3	should	should	AUX
fbem-30123	108	4	adjust	adjust	VERB
fbem-30123	108	5	its	its	PRON
fbem-30123	108	6	strategy	strategy	NOUN
fbem-30123	108	7	to	to	PART
fbem-30123	108	8	achieve	achieve	VERB
fbem-30123	108	9	more	more	ADV
fbem-30123	108	10	stable	stable	ADJ
fbem-30123	108	11	and	and	CCONJ
fbem-30123	108	12	sustainable	sustainable	ADJ
fbem-30123	108	13	growth	growth	NOUN
fbem-30123	108	14	.	.	PUNCT
fbem-30123	109	1	from	from	ADP
fbem-30123	109	2	two	two	NUM
fbem-30123	109	3	operational	operational	ADJ
fbem-30123	109	4	efficiency	efficiency	NOUN
fbem-30123	109	5	indicators	indicator	NOUN
fbem-30123	109	6	—	—	PUNCT
fbem-30123	109	7	net	net	ADJ
fbem-30123	109	8	profit	profit	NOUN
fbem-30123	109	9	margin	margin	NOUN
fbem-30123	109	10	and	and	CCONJ
fbem-30123	109	11	total	total	ADJ
fbem-30123	109	12	asset	asset	NOUN
fbem-30123	109	13	turnover	turnover	NOUN
fbem-30123	109	14	—	—	PUNCT
fbem-30123	109	15	it	it	PRON
fbem-30123	109	16	is	be	AUX
fbem-30123	109	17	evident	evident	ADJ
fbem-30123	109	18	that	that	SCONJ
fbem-30123	109	19	milkground	milkground	ADJ
fbem-30123	109	20	’s	’s	PART
fbem-30123	109	21	operational	operational	ADJ
fbem-30123	109	22	efficiency	efficiency	NOUN
fbem-30123	109	23	remains	remain	VERB
fbem-30123	109	24	low	low	ADJ
fbem-30123	109	25	.	.	PUNCT
fbem-30123	110	1	a	a	DET
fbem-30123	110	2	low	low	ADJ
fbem-30123	110	3	net	net	ADJ
fbem-30123	110	4	profit	profit	NOUN
fbem-30123	110	5	margin	margin	NOUN
fbem-30123	110	6	indicates	indicate	VERB
fbem-30123	110	7	poor	poor	ADJ
fbem-30123	110	8	cost	cost	NOUN
fbem-30123	110	9	control	control	NOUN
fbem-30123	110	10	,	,	PUNCT
fbem-30123	110	11	while	while	SCONJ
fbem-30123	110	12	a	a	DET
fbem-30123	110	13	low	low	ADJ
fbem-30123	110	14	total	total	ADJ
fbem-30123	110	15	asset	asset	NOUN
fbem-30123	110	16	turnover	turnover	NOUN
fbem-30123	110	17	ratio	ratio	NOUN
fbem-30123	110	18	suggests	suggest	VERB
fbem-30123	110	19	that	that	SCONJ
fbem-30123	110	20	the	the	DET
fbem-30123	110	21	company	company	NOUN
fbem-30123	110	22	's	's	PART
fbem-30123	110	23	asset	asset	NOUN
fbem-30123	110	24	utilization	utilization	NOUN
fbem-30123	110	25	efficiency	efficiency	NOUN
fbem-30123	110	26	needs	need	VERB
fbem-30123	110	27	improvement	improvement	NOUN
fbem-30123	110	28	.	.	PUNCT
fbem-30123	111	1	therefore	therefore	ADV
fbem-30123	111	2	,	,	PUNCT
fbem-30123	111	3	the	the	DET
fbem-30123	111	4	company	company	NOUN
fbem-30123	111	5	must	must	AUX
fbem-30123	111	6	strengthen	strengthen	VERB
fbem-30123	111	7	cost	cost	NOUN
fbem-30123	111	8	management	management	NOUN
fbem-30123	111	9	,	,	PUNCT
fbem-30123	111	10	optimize	optimize	VERB
fbem-30123	111	11	asset	asset	NOUN
fbem-30123	111	12	structure	structure	NOUN
fbem-30123	111	13	,	,	PUNCT
fbem-30123	111	14	and	and	CCONJ
fbem-30123	111	15	enhance	enhance	VERB
fbem-30123	111	16	operational	operational	ADJ
fbem-30123	111	17	efficiency	efficiency	NOUN
fbem-30123	111	18	.	.	PUNCT
fbem-30123	112	1	milkground	milkground	PROPN
fbem-30123	112	2	’s	’s	PART
fbem-30123	112	3	retention	retention	NOUN
fbem-30123	112	4	ratio	ratio	NOUN
fbem-30123	112	5	remains	remain	VERB
fbem-30123	112	6	at	at	ADP
fbem-30123	112	7	1	1	NUM
fbem-30123	112	8	,	,	PUNCT
fbem-30123	112	9	indicating	indicate	VERB
fbem-30123	112	10	that	that	SCONJ
fbem-30123	112	11	the	the	DET
fbem-30123	112	12	company	company	NOUN
fbem-30123	112	13	is	be	AUX
fbem-30123	112	14	not	not	PART
fbem-30123	112	15	distributing	distribute	VERB
fbem-30123	112	16	all	all	DET
fbem-30123	112	17	its	its	PRON
fbem-30123	112	18	profits	profit	NOUN
fbem-30123	112	19	as	as	ADP
fbem-30123	112	20	dividends	dividend	NOUN
fbem-30123	112	21	or	or	CCONJ
fbem-30123	112	22	reinvesting	reinveste	VERB
fbem-30123	112	23	them	they	PRON
fbem-30123	112	24	entirely	entirely	ADV
fbem-30123	112	25	but	but	CCONJ
fbem-30123	112	26	is	be	AUX
fbem-30123	112	27	maintaining	maintain	VERB
fbem-30123	112	28	a	a	DET
fbem-30123	112	29	certain	certain	ADJ
fbem-30123	112	30	level	level	NOUN
fbem-30123	112	31	of	of	ADP
fbem-30123	112	32	retained	retain	VERB
fbem-30123	112	33	earnings	earning	NOUN
fbem-30123	112	34	for	for	ADP
fbem-30123	112	35	future	future	ADJ
fbem-30123	112	36	expansion	expansion	NOUN
fbem-30123	112	37	and	and	CCONJ
fbem-30123	112	38	investment	investment	NOUN
fbem-30123	112	39	.	.	PUNCT
fbem-30123	113	1	this	this	DET
fbem-30123	113	2	prudent	prudent	ADJ
fbem-30123	113	3	financial	financial	ADJ
fbem-30123	113	4	policy	policy	NOUN
fbem-30123	113	5	supports	support	VERB
fbem-30123	113	6	the	the	DET
fbem-30123	113	7	company	company	NOUN
fbem-30123	113	8	’s	’s	PART
fbem-30123	113	9	long	long	ADJ
fbem-30123	113	10	-	-	PUNCT
fbem-30123	113	11	term	term	NOUN
fbem-30123	113	12	sustainable	sustainable	ADJ
fbem-30123	113	13	development	development	NOUN
fbem-30123	113	14	.	.	PUNCT
fbem-30123	114	1	from	from	ADP
fbem-30123	114	2	the	the	DET
fbem-30123	114	3	perspectives	perspective	NOUN
fbem-30123	114	4	of	of	ADP
fbem-30123	114	5	equity	equity	NOUN
fbem-30123	114	6	ratio	ratio	NOUN
fbem-30123	114	7	and	and	CCONJ
fbem-30123	114	8	asset	asset	NOUN
fbem-30123	114	9	-	-	PUNCT
fbem-30123	114	10	liability	liability	NOUN
fbem-30123	114	11	ratio	ratio	NOUN
fbem-30123	114	12	,	,	PUNCT
fbem-30123	114	13	milkground	milkground	PROPN
fbem-30123	114	14	’s	’s	PART
fbem-30123	114	15	financial	financial	ADJ
fbem-30123	114	16	risk	risk	NOUN
fbem-30123	114	17	is	be	AUX
fbem-30123	114	18	relatively	relatively	ADV
fbem-30123	114	19	low	low	ADJ
fbem-30123	114	20	.	.	PUNCT
fbem-30123	115	1	a	a	DET
fbem-30123	115	2	high	high	ADJ
fbem-30123	115	3	equity	equity	NOUN
fbem-30123	115	4	ratio	ratio	NOUN
fbem-30123	115	5	indicates	indicate	VERB
fbem-30123	115	6	that	that	SCONJ
fbem-30123	115	7	the	the	DET
fbem-30123	115	8	company	company	NOUN
fbem-30123	115	9	’s	’s	PART
fbem-30123	115	10	assets	asset	NOUN
fbem-30123	115	11	are	be	AUX
fbem-30123	115	12	primarily	primarily	ADV
fbem-30123	115	13	financed	finance	VERB
fbem-30123	115	14	by	by	ADP
fbem-30123	115	15	its	its	PRON
fbem-30123	115	16	own	own	ADJ
fbem-30123	115	17	funds	fund	NOUN
fbem-30123	115	18	,	,	PUNCT
fbem-30123	115	19	while	while	SCONJ
fbem-30123	115	20	a	a	DET
fbem-30123	115	21	low	low	ADJ
fbem-30123	115	22	asset	asset	NOUN
fbem-30123	115	23	-	-	PUNCT
fbem-30123	115	24	liability	liability	NOUN
fbem-30123	115	25	ratio	ratio	NOUN
fbem-30123	115	26	suggests	suggest	VERB
fbem-30123	115	27	a	a	DET
fbem-30123	115	28	low	low	ADJ
fbem-30123	115	29	level	level	NOUN
fbem-30123	115	30	of	of	ADP
fbem-30123	115	31	debt	debt	NOUN
fbem-30123	115	32	.	.	PUNCT
fbem-30123	116	1	this	this	PRON
fbem-30123	116	2	is	be	AUX
fbem-30123	116	3	favorable	favorable	ADJ
fbem-30123	116	4	for	for	ADP
fbem-30123	116	5	the	the	DET
fbem-30123	116	6	company	company	NOUN
fbem-30123	116	7	’s	’s	PART
fbem-30123	116	8	financial	financial	ADJ
fbem-30123	116	9	stability	stability	NOUN
fbem-30123	116	10	and	and	CCONJ
fbem-30123	116	11	sustainability	sustainability	NOUN
fbem-30123	116	12	.	.	PUNCT
fbem-30123	117	1	3.4	3.4	NUM
fbem-30123	117	2	.	.	PUNCT
fbem-30123	117	3	analysis	analysis	NOUN
fbem-30123	117	4	of	of	ADP
fbem-30123	117	5	deviation	deviation	NOUN
fbem-30123	117	6	causes	cause	VERB
fbem-30123	117	7	3.4.1	3.4.1	NUM
fbem-30123	117	8	.	.	PUNCT
fbem-30123	118	1	analysis	analysis	NOUN
fbem-30123	118	2	of	of	ADP
fbem-30123	118	3	enterprise	enterprise	NOUN
fbem-30123	118	4	operational	operational	ADJ
fbem-30123	118	5	efficiency	efficiency	NOUN
fbem-30123	118	6	the	the	DET
fbem-30123	118	7	analysis	analysis	NOUN
fbem-30123	118	8	of	of	ADP
fbem-30123	118	9	enterprise	enterprise	NOUN
fbem-30123	118	10	operational	operational	ADJ
fbem-30123	118	11	efficiency	efficiency	NOUN
fbem-30123	118	12	is	be	AUX
fbem-30123	118	13	of	of	ADP
fbem-30123	118	14	great	great	ADJ
fbem-30123	118	15	significance	significance	NOUN
fbem-30123	118	16	for	for	ADP
fbem-30123	118	17	investors	investor	NOUN
fbem-30123	118	18	in	in	ADP
fbem-30123	118	19	evaluating	evaluate	VERB
fbem-30123	118	20	a	a	DET
fbem-30123	118	21	company	company	NOUN
fbem-30123	118	22	's	's	PART
fbem-30123	118	23	financial	financial	ADJ
fbem-30123	118	24	performance	performance	NOUN
fbem-30123	118	25	and	and	CCONJ
fbem-30123	118	26	business	business	NOUN
fbem-30123	118	27	strategies	strategy	NOUN
fbem-30123	118	28	.	.	PUNCT
fbem-30123	119	1	it	it	PRON
fbem-30123	119	2	helps	help	VERB
fbem-30123	119	3	investors	investor	NOUN
fbem-30123	119	4	gain	gain	VERB
fbem-30123	119	5	a	a	DET
fbem-30123	119	6	better	well	ADJ
fbem-30123	119	7	understanding	understanding	NOUN
fbem-30123	119	8	of	of	ADP
fbem-30123	119	9	the	the	DET
fbem-30123	119	10	company	company	NOUN
fbem-30123	119	11	's	's	PART
fbem-30123	119	12	operations	operation	NOUN
fbem-30123	119	13	,	,	PUNCT
fbem-30123	119	14	management	management	NOUN
fbem-30123	119	15	,	,	PUNCT
fbem-30123	119	16	and	and	CCONJ
fbem-30123	119	17	strategic	strategic	ADJ
fbem-30123	119	18	direction	direction	NOUN
fbem-30123	119	19	,	,	PUNCT
fbem-30123	119	20	enabling	enable	VERB
fbem-30123	119	21	them	they	PRON
fbem-30123	119	22	to	to	PART
fbem-30123	119	23	make	make	VERB
fbem-30123	119	24	more	more	ADV
fbem-30123	119	25	accurate	accurate	ADJ
fbem-30123	119	26	assessments	assessment	NOUN
fbem-30123	119	27	of	of	ADP
fbem-30123	119	28	the	the	DET
fbem-30123	119	29	company	company	NOUN
fbem-30123	119	30	's	's	PART
fbem-30123	119	31	investment	investment	NOUN
fbem-30123	119	32	value	value	NOUN
fbem-30123	119	33	.	.	PUNCT
fbem-30123	120	1	figure	figure	NOUN
fbem-30123	120	2	1	1	NUM
fbem-30123	120	3	.	.	PUNCT
fbem-30123	120	4	trend	trend	NOUN
fbem-30123	120	5	chart	chart	NOUN
fbem-30123	120	6	of	of	ADP
fbem-30123	120	7	operational	operational	ADJ
fbem-30123	120	8	efficiency	efficiency	NOUN
fbem-30123	120	9	indicators	indicator	NOUN
fbem-30123	120	10	milkground	milkground	VERB
fbem-30123	120	11	's	's	PART
fbem-30123	120	12	growth	growth	NOUN
fbem-30123	120	13	rate	rate	NOUN
fbem-30123	120	14	deviation	deviation	NOUN
fbem-30123	120	15	has	have	AUX
fbem-30123	120	16	been	be	AUX
fbem-30123	120	17	significantly	significantly	ADV
fbem-30123	120	18	high	high	ADJ
fbem-30123	120	19	,	,	PUNCT
fbem-30123	120	20	improving	improve	VERB
fbem-30123	120	21	only	only	ADV
fbem-30123	120	22	in	in	ADP
fbem-30123	120	23	2022	2022	NUM
fbem-30123	120	24	.	.	PUNCT
fbem-30123	121	1	the	the	DET
fbem-30123	121	2	actual	actual	ADJ
fbem-30123	121	3	growth	growth	NOUN
fbem-30123	121	4	rate	rate	NOUN
fbem-30123	121	5	consistently	consistently	ADV
fbem-30123	121	6	exceeded	exceed	VERB
fbem-30123	121	7	the	the	DET
fbem-30123	121	8	sustainable	sustainable	ADJ
fbem-30123	121	9	growth	growth	NOUN
fbem-30123	121	10	rate	rate	NOUN
fbem-30123	121	11	,	,	PUNCT
fbem-30123	121	12	indicating	indicate	VERB
fbem-30123	121	13	reliance	reliance	NOUN
fbem-30123	121	14	on	on	ADP
fbem-30123	121	15	external	external	ADJ
fbem-30123	121	16	factors	factor	NOUN
fbem-30123	121	17	rather	rather	ADV
fbem-30123	121	18	than	than	ADP
fbem-30123	121	19	intrinsic	intrinsic	ADJ
fbem-30123	121	20	sustainable	sustainable	ADJ
fbem-30123	121	21	growth	growth	NOUN
fbem-30123	121	22	.	.	PUNCT
fbem-30123	122	1	declines	decline	NOUN
fbem-30123	122	2	in	in	ADP
fbem-30123	122	3	2018	2018	NUM
fbem-30123	122	4	,	,	PUNCT
fbem-30123	122	5	2021	2021	NUM
fbem-30123	122	6	,	,	PUNCT
fbem-30123	122	7	and	and	CCONJ
fbem-30123	122	8	2022	2022	NUM
fbem-30123	122	9	suggest	suggest	VERB
fbem-30123	122	10	fluctuations	fluctuation	NOUN
fbem-30123	122	11	in	in	ADP
fbem-30123	122	12	operational	operational	ADJ
fbem-30123	122	13	stability	stability	NOUN
fbem-30123	122	14	.	.	PUNCT
fbem-30123	123	1	while	while	SCONJ
fbem-30123	123	2	net	net	ADJ
fbem-30123	123	3	profit	profit	NOUN
fbem-30123	123	4	margin	margin	NOUN
fbem-30123	123	5	had	have	VERB
fbem-30123	123	6	little	little	ADJ
fbem-30123	123	7	impact	impact	NOUN
fbem-30123	123	8	on	on	ADP
fbem-30123	123	9	deviation	deviation	NOUN
fbem-30123	123	10	,	,	PUNCT
fbem-30123	123	11	total	total	ADJ
fbem-30123	123	12	asset	asset	NOUN
fbem-30123	123	13	turnover	turnover	NOUN
fbem-30123	123	14	showed	show	VERB
fbem-30123	123	15	a	a	DET
fbem-30123	123	16	strong	strong	ADJ
fbem-30123	123	17	correlation	correlation	NOUN
fbem-30123	123	18	with	with	ADP
fbem-30123	123	19	it	it	PRON
fbem-30123	123	20	,	,	PUNCT
fbem-30123	123	21	except	except	SCONJ
fbem-30123	123	22	in	in	ADP
fbem-30123	123	23	2017	2017	NUM
fbem-30123	123	24	.	.	PUNCT
fbem-30123	124	1	total	total	ADJ
fbem-30123	124	2	asset	asset	NOUN
fbem-30123	124	3	turnover	turnover	NOUN
fbem-30123	124	4	,	,	PUNCT
fbem-30123	124	5	a	a	DET
fbem-30123	124	6	key	key	ADJ
fbem-30123	124	7	financial	financial	ADJ
fbem-30123	124	8	indicator	indicator	NOUN
fbem-30123	124	9	,	,	PUNCT
fbem-30123	124	10	reflects	reflect	VERB
fbem-30123	124	11	a	a	DET
fbem-30123	124	12	company	company	NOUN
fbem-30123	124	13	’s	’s	PART
fbem-30123	124	14	efficiency	efficiency	NOUN
fbem-30123	124	15	in	in	ADP
fbem-30123	124	16	utilizing	utilize	VERB
fbem-30123	124	17	assets	asset	NOUN
fbem-30123	124	18	.	.	PUNCT
fbem-30123	125	1	declines	decline	NOUN
fbem-30123	125	2	in	in	ADP
fbem-30123	125	3	2021	2021	NUM
fbem-30123	125	4	and	and	CCONJ
fbem-30123	125	5	2022	2022	NUM
fbem-30123	125	6	were	be	AUX
fbem-30123	125	7	due	due	ADJ
fbem-30123	125	8	to	to	PART
fbem-30123	125	9	lower	lower	VERB
fbem-30123	125	10	current	current	ADJ
fbem-30123	125	11	asset	asset	NOUN
fbem-30123	125	12	turnover	turnover	NOUN
fbem-30123	125	13	and	and	CCONJ
fbem-30123	125	14	external	external	ADJ
fbem-30123	125	15	market	market	NOUN
fbem-30123	125	16	changes	change	NOUN
fbem-30123	125	17	.	.	PUNCT
fbem-30123	126	1	the	the	DET
fbem-30123	126	2	unique	unique	ADJ
fbem-30123	126	3	2017–2018	2017–2018	NUM
fbem-30123	126	4	trend	trend	NOUN
fbem-30123	126	5	resulted	result	VERB
fbem-30123	126	6	from	from	ADP
fbem-30123	126	7	asset	asset	NOUN
fbem-30123	126	8	restructuring	restructuring	NOUN
fbem-30123	126	9	and	and	CCONJ
fbem-30123	126	10	the	the	DET
fbem-30123	126	11	shift	shift	NOUN
fbem-30123	126	12	away	away	ADV
fbem-30123	126	13	from	from	ADP
fbem-30123	126	14	trade	trade	NOUN
fbem-30123	126	15	business	business	NOUN
fbem-30123	126	16	post	post	NOUN
fbem-30123	126	17	-	-	ADJ
fbem-30123	126	18	listing	list	VERB
fbem-30123	126	19	.	.	PUNCT
fbem-30123	127	1	despite	despite	SCONJ
fbem-30123	127	2	a	a	DET
fbem-30123	127	3	low	low	ADJ
fbem-30123	127	4	net	net	ADJ
fbem-30123	127	5	profit	profit	NOUN
fbem-30123	127	6	margin	margin	NOUN
fbem-30123	127	7	,	,	PUNCT
fbem-30123	127	8	milkground	milkground	ADJ
fbem-30123	127	9	’s	’s	PART
fbem-30123	127	10	sustainable	sustainable	ADJ
fbem-30123	127	11	growth	growth	NOUN
fbem-30123	127	12	rate	rate	NOUN
fbem-30123	127	13	followed	follow	VERB
fbem-30123	127	14	a	a	DET
fbem-30123	127	15	similar	similar	ADJ
fbem-30123	127	16	trend	trend	NOUN
fbem-30123	127	17	,	,	PUNCT
fbem-30123	127	18	indicating	indicate	VERB
fbem-30123	127	19	that	that	SCONJ
fbem-30123	127	20	managerial	managerial	ADJ
fbem-30123	127	21	efforts	effort	NOUN
fbem-30123	127	22	and	and	CCONJ
fbem-30123	127	23	investment	investment	NOUN
fbem-30123	127	24	influence	influence	NOUN
fbem-30123	127	25	both	both	CCONJ
fbem-30123	127	26	growth	growth	NOUN
fbem-30123	127	27	and	and	CCONJ
fbem-30123	127	28	efficiency	efficiency	NOUN
fbem-30123	127	29	.	.	PUNCT
fbem-30123	128	1	however	however	ADV
fbem-30123	128	2	,	,	PUNCT
fbem-30123	128	3	actual	actual	ADJ
fbem-30123	128	4	growth	growth	NOUN
fbem-30123	128	5	rate	rate	NOUN
fbem-30123	128	6	variations	variation	NOUN
fbem-30123	128	7	suggest	suggest	VERB
fbem-30123	128	8	external	external	ADJ
fbem-30123	128	9	factors	factor	NOUN
fbem-30123	128	10	like	like	ADP
fbem-30123	128	11	market	market	NOUN
fbem-30123	128	12	demand	demand	NOUN
fbem-30123	128	13	,	,	PUNCT
fbem-30123	128	14	competition	competition	NOUN
fbem-30123	128	15	,	,	PUNCT
fbem-30123	128	16	and	and	CCONJ
fbem-30123	128	17	economic	economic	ADJ
fbem-30123	128	18	shifts	shift	NOUN
fbem-30123	128	19	play	play	VERB
fbem-30123	128	20	a	a	DET
fbem-30123	128	21	significant	significant	ADJ
fbem-30123	128	22	role	role	NOUN
fbem-30123	128	23	.	.	PUNCT
fbem-30123	129	1	companies	company	NOUN
fbem-30123	129	2	may	may	AUX
fbem-30123	129	3	boost	boost	VERB
fbem-30123	129	4	0.00	0.00	NUM
fbem-30123	129	5	%	%	NOUN
fbem-30123	129	6	20.00	20.00	NUM
fbem-30123	129	7	%	%	NOUN
fbem-30123	129	8	40.00	40.00	NUM
fbem-30123	129	9	%	%	NOUN
fbem-30123	129	10	60.00	60.00	NUM
fbem-30123	129	11	%	%	NOUN
fbem-30123	129	12	80.00	80.00	NUM
fbem-30123	129	13	%	%	NOUN
fbem-30123	129	14	100.00	100.00	NUM
fbem-30123	129	15	%	%	NOUN
fbem-30123	129	16	120.00	120.00	NUM
fbem-30123	129	17	%	%	NOUN
fbem-30123	129	18	2016	2016	NUM
fbem-30123	129	19	2017	2017	NUM
fbem-30123	129	20	2018	2018	NUM
fbem-30123	129	21	2019	2019	NUM
fbem-30123	129	22	2020	2020	NUM
fbem-30123	129	23	2021	2021	NUM
fbem-30123	129	24	2022	2022	NUM
fbem-30123	129	25	sustainable	sustainable	ADJ
fbem-30123	129	26	growth	growth	NOUN
fbem-30123	129	27	rate	rate	NOUN
fbem-30123	129	28	(	(	PUNCT
fbem-30123	129	29	sgr	sgr	PROPN
fbem-30123	129	30	)	)	PUNCT
fbem-30123	129	31	actual	actual	ADJ
fbem-30123	129	32	growth	growth	NOUN
fbem-30123	129	33	rate	rate	NOUN
fbem-30123	129	34	(	(	PUNCT
fbem-30123	129	35	g	g	NOUN
fbem-30123	129	36	)	)	PUNCT
fbem-30123	129	37	deviation	deviation	NOUN
fbem-30123	129	38	(	(	PUNCT
fbem-30123	129	39	δ	δ	NOUN
fbem-30123	129	40	=	=	SYM
fbem-30123	129	41	g	g	PROPN
fbem-30123	129	42	−	−	PROPN
fbem-30123	129	43	sgr	sgr	PROPN
fbem-30123	129	44	)	)	PUNCT
fbem-30123	129	45	net	net	ADJ
fbem-30123	129	46	profit	profit	NOUN
fbem-30123	129	47	margin	margin	NOUN
fbem-30123	129	48	total	total	ADJ
fbem-30123	129	49	asset	asset	NOUN
fbem-30123	129	50	turnover	turnover	NOUN
fbem-30123	129	51	228	228	NUM
fbem-30123	129	52	revenue	revenue	NOUN
fbem-30123	129	53	through	through	ADP
fbem-30123	129	54	short	short	ADJ
fbem-30123	129	55	-	-	PUNCT
fbem-30123	129	56	term	term	NOUN
fbem-30123	129	57	strategies	strategy	NOUN
fbem-30123	129	58	,	,	PUNCT
fbem-30123	129	59	such	such	ADJ
fbem-30123	129	60	as	as	ADP
fbem-30123	129	61	price	price	NOUN
fbem-30123	129	62	reductions	reduction	NOUN
fbem-30123	129	63	or	or	CCONJ
fbem-30123	129	64	aggressive	aggressive	ADJ
fbem-30123	129	65	marketing	marketing	NOUN
fbem-30123	129	66	,	,	PUNCT
fbem-30123	129	67	which	which	PRON
fbem-30123	129	68	can	can	AUX
fbem-30123	129	69	temporarily	temporarily	ADV
fbem-30123	129	70	increase	increase	VERB
fbem-30123	129	71	growth	growth	NOUN
fbem-30123	129	72	at	at	ADP
fbem-30123	129	73	the	the	DET
fbem-30123	129	74	expense	expense	NOUN
fbem-30123	129	75	of	of	ADP
fbem-30123	129	76	operational	operational	ADJ
fbem-30123	129	77	efficiency	efficiency	NOUN
fbem-30123	129	78	.	.	PUNCT
fbem-30123	130	1	milkground	milkground	PROPN
fbem-30123	130	2	's	's	PART
fbem-30123	130	3	high	high	ADJ
fbem-30123	130	4	marketing	marketing	NOUN
fbem-30123	130	5	expenditures	expenditure	NOUN
fbem-30123	130	6	to	to	PART
fbem-30123	130	7	enhance	enhance	VERB
fbem-30123	130	8	brand	brand	NOUN
fbem-30123	130	9	recognition	recognition	NOUN
fbem-30123	130	10	explain	explain	VERB
fbem-30123	130	11	why	why	SCONJ
fbem-30123	130	12	its	its	PRON
fbem-30123	130	13	actual	actual	ADJ
fbem-30123	130	14	growth	growth	NOUN
fbem-30123	130	15	rate	rate	NOUN
fbem-30123	130	16	surpassed	surpass	VERB
fbem-30123	130	17	operational	operational	ADJ
fbem-30123	130	18	efficiency	efficiency	NOUN
fbem-30123	130	19	,	,	PUNCT
fbem-30123	130	20	highlighting	highlight	VERB
fbem-30123	130	21	the	the	DET
fbem-30123	130	22	impact	impact	NOUN
fbem-30123	130	23	of	of	ADP
fbem-30123	130	24	strategic	strategic	ADJ
fbem-30123	130	25	investments	investment	NOUN
fbem-30123	130	26	on	on	ADP
fbem-30123	130	27	business	business	NOUN
fbem-30123	130	28	performance	performance	NOUN
fbem-30123	130	29	.	.	PUNCT
fbem-30123	131	1	3.4.2	3.4.2	X
fbem-30123	131	2	.	.	PUNCT
fbem-30123	132	1	analysis	analysis	NOUN
fbem-30123	132	2	of	of	ADP
fbem-30123	132	3	enterprise	enterprise	NOUN
fbem-30123	132	4	operational	operational	ADJ
fbem-30123	132	5	efficiency	efficiency	NOUN
fbem-30123	132	6	analyzing	analyze	VERB
fbem-30123	132	7	a	a	DET
fbem-30123	132	8	company	company	NOUN
fbem-30123	132	9	's	's	PART
fbem-30123	132	10	financial	financial	ADJ
fbem-30123	132	11	policies	policy	NOUN
fbem-30123	132	12	helps	help	VERB
fbem-30123	132	13	investors	investor	NOUN
fbem-30123	132	14	,	,	PUNCT
fbem-30123	132	15	creditors	creditor	NOUN
fbem-30123	132	16	,	,	PUNCT
fbem-30123	132	17	analysts	analyst	NOUN
fbem-30123	132	18	,	,	PUNCT
fbem-30123	132	19	and	and	CCONJ
fbem-30123	132	20	managers	manager	NOUN
fbem-30123	132	21	understand	understand	VERB
fbem-30123	132	22	financial	financial	ADJ
fbem-30123	132	23	decision	decision	NOUN
fbem-30123	132	24	-	-	PUNCT
fbem-30123	132	25	making	making	NOUN
fbem-30123	132	26	,	,	PUNCT
fbem-30123	132	27	risk	risk	NOUN
fbem-30123	132	28	management	management	NOUN
fbem-30123	132	29	,	,	PUNCT
fbem-30123	132	30	and	and	CCONJ
fbem-30123	132	31	financial	financial	ADJ
fbem-30123	132	32	health	health	NOUN
fbem-30123	132	33	,	,	PUNCT
fbem-30123	132	34	enabling	enable	VERB
fbem-30123	132	35	them	they	PRON
fbem-30123	132	36	to	to	PART
fbem-30123	132	37	assess	assess	VERB
fbem-30123	132	38	and	and	CCONJ
fbem-30123	132	39	predict	predict	VERB
fbem-30123	132	40	the	the	DET
fbem-30123	132	41	company	company	NOUN
fbem-30123	132	42	's	's	PART
fbem-30123	132	43	financial	financial	ADJ
fbem-30123	132	44	performance	performance	NOUN
fbem-30123	132	45	and	and	CCONJ
fbem-30123	132	46	outlook	outlook	NOUN
fbem-30123	132	47	.	.	PUNCT
fbem-30123	133	1	figure	figure	NOUN
fbem-30123	133	2	2	2	NUM
fbem-30123	133	3	.	.	PUNCT
fbem-30123	133	4	financial	financial	ADJ
fbem-30123	133	5	policy	policy	NOUN
fbem-30123	133	6	indicator	indicator	NOUN
fbem-30123	133	7	trend	trend	NOUN
fbem-30123	133	8	chart	chart	NOUN
fbem-30123	133	9	as	as	SCONJ
fbem-30123	133	10	a	a	DET
fbem-30123	133	11	company	company	NOUN
fbem-30123	133	12	grows	grow	VERB
fbem-30123	133	13	,	,	PUNCT
fbem-30123	133	14	its	its	PRON
fbem-30123	133	15	primary	primary	ADJ
fbem-30123	133	16	means	mean	NOUN
fbem-30123	133	17	of	of	ADP
fbem-30123	133	18	expanding	expand	VERB
fbem-30123	133	19	total	total	ADJ
fbem-30123	133	20	assets	asset	NOUN
fbem-30123	133	21	is	be	AUX
fbem-30123	133	22	by	by	ADP
fbem-30123	133	23	increasing	increase	VERB
fbem-30123	133	24	shareholder	shareholder	NOUN
fbem-30123	133	25	equity	equity	NOUN
fbem-30123	133	26	.	.	PUNCT
fbem-30123	134	1	as	as	SCONJ
fbem-30123	134	2	shown	show	VERB
fbem-30123	134	3	in	in	ADP
fbem-30123	134	4	the	the	DET
fbem-30123	134	5	figure	figure	NOUN
fbem-30123	134	6	,	,	PUNCT
fbem-30123	134	7	the	the	DET
fbem-30123	134	8	retention	retention	NOUN
fbem-30123	134	9	ratio	ratio	NOUN
fbem-30123	134	10	remains	remain	VERB
fbem-30123	134	11	constant	constant	ADJ
fbem-30123	134	12	at	at	ADP
fbem-30123	134	13	1	1	NUM
fbem-30123	134	14	.	.	PUNCT
fbem-30123	135	1	since	since	SCONJ
fbem-30123	135	2	milkground	milkground	ADJ
fbem-30123	135	3	was	be	AUX
fbem-30123	135	4	listed	list	VERB
fbem-30123	135	5	only	only	ADV
fbem-30123	135	6	in	in	ADP
fbem-30123	135	7	2016	2016	NUM
fbem-30123	135	8	and	and	CCONJ
fbem-30123	135	9	has	have	AUX
fbem-30123	135	10	had	have	VERB
fbem-30123	135	11	a	a	DET
fbem-30123	135	12	continuously	continuously	ADV
fbem-30123	135	13	increasing	increase	VERB
fbem-30123	135	14	need	need	NOUN
fbem-30123	135	15	for	for	ADP
fbem-30123	135	16	capital	capital	NOUN
fbem-30123	135	17	,	,	PUNCT
fbem-30123	135	18	it	it	PRON
fbem-30123	135	19	did	do	AUX
fbem-30123	135	20	not	not	PART
fbem-30123	135	21	distribute	distribute	VERB
fbem-30123	135	22	dividends	dividend	NOUN
fbem-30123	135	23	during	during	ADP
fbem-30123	135	24	the	the	DET
fbem-30123	135	25	study	study	NOUN
fbem-30123	135	26	period	period	NOUN
fbem-30123	135	27	and	and	CCONJ
fbem-30123	135	28	reinvested	reinveste	VERB
fbem-30123	135	29	all	all	DET
fbem-30123	135	30	its	its	PRON
fbem-30123	135	31	profits	profit	NOUN
fbem-30123	135	32	into	into	ADP
fbem-30123	135	33	development	development	NOUN
fbem-30123	135	34	.	.	PUNCT
fbem-30123	136	1	consequently	consequently	ADV
fbem-30123	136	2	,	,	PUNCT
fbem-30123	136	3	it	it	PRON
fbem-30123	136	4	is	be	AUX
fbem-30123	136	5	difficult	difficult	ADJ
fbem-30123	136	6	to	to	PART
fbem-30123	136	7	determine	determine	VERB
fbem-30123	136	8	any	any	DET
fbem-30123	136	9	correlation	correlation	NOUN
fbem-30123	136	10	between	between	ADP
fbem-30123	136	11	the	the	DET
fbem-30123	136	12	retention	retention	NOUN
fbem-30123	136	13	ratio	ratio	NOUN
fbem-30123	136	14	and	and	CCONJ
fbem-30123	136	15	growth	growth	NOUN
fbem-30123	136	16	deviation	deviation	NOUN
fbem-30123	136	17	.	.	PUNCT
fbem-30123	137	1	in	in	ADP
fbem-30123	137	2	contrast	contrast	NOUN
fbem-30123	137	3	,	,	PUNCT
fbem-30123	137	4	the	the	DET
fbem-30123	137	5	equity	equity	NOUN
fbem-30123	137	6	ratio	ratio	NOUN
fbem-30123	137	7	and	and	CCONJ
fbem-30123	137	8	asset	asset	NOUN
fbem-30123	137	9	-	-	PUNCT
fbem-30123	137	10	liability	liability	NOUN
fbem-30123	137	11	ratio	ratio	NOUN
fbem-30123	137	12	,	,	PUNCT
fbem-30123	137	13	except	except	SCONJ
fbem-30123	137	14	for	for	ADP
fbem-30123	137	15	the	the	DET
fbem-30123	137	16	anomalous	anomalous	ADJ
fbem-30123	137	17	year	year	NOUN
fbem-30123	137	18	of	of	ADP
fbem-30123	137	19	2017	2017	NUM
fbem-30123	137	20	(	(	PUNCT
fbem-30123	137	21	caused	cause	VERB
fbem-30123	137	22	by	by	ADP
fbem-30123	137	23	asset	asset	NOUN
fbem-30123	137	24	restructuring	restructuring	NOUN
fbem-30123	137	25	and	and	CCONJ
fbem-30123	137	26	changes	change	NOUN
fbem-30123	137	27	in	in	ADP
fbem-30123	137	28	trade	trade	NOUN
fbem-30123	137	29	business	business	NOUN
fbem-30123	137	30	)	)	PUNCT
fbem-30123	137	31	,	,	PUNCT
fbem-30123	137	32	appear	appear	VERB
fbem-30123	137	33	to	to	PART
fbem-30123	137	34	exhibit	exhibit	VERB
fbem-30123	137	35	trends	trend	NOUN
fbem-30123	137	36	that	that	PRON
fbem-30123	137	37	are	be	AUX
fbem-30123	137	38	exactly	exactly	ADV
fbem-30123	137	39	opposite	opposite	ADJ
fbem-30123	137	40	to	to	ADP
fbem-30123	137	41	those	those	PRON
fbem-30123	137	42	of	of	ADP
fbem-30123	137	43	the	the	DET
fbem-30123	137	44	three	three	NUM
fbem-30123	137	45	growth	growth	NOUN
fbem-30123	137	46	rate	rate	NOUN
fbem-30123	137	47	indicators	indicator	NOUN
fbem-30123	137	48	.	.	PUNCT
fbem-30123	138	1	the	the	DET
fbem-30123	138	2	results	result	NOUN
fbem-30123	138	3	indicate	indicate	VERB
fbem-30123	138	4	that	that	SCONJ
fbem-30123	138	5	as	as	ADP
fbem-30123	138	6	the	the	DET
fbem-30123	138	7	equity	equity	NOUN
fbem-30123	138	8	ratio	ratio	NOUN
fbem-30123	138	9	and	and	CCONJ
fbem-30123	138	10	asset	asset	NOUN
fbem-30123	138	11	-	-	PUNCT
fbem-30123	138	12	liability	liability	NOUN
fbem-30123	138	13	ratio	ratio	NOUN
fbem-30123	138	14	increase	increase	NOUN
fbem-30123	138	15	,	,	PUNCT
fbem-30123	138	16	the	the	DET
fbem-30123	138	17	deviation	deviation	NOUN
fbem-30123	138	18	between	between	ADP
fbem-30123	138	19	the	the	DET
fbem-30123	138	20	sustainable	sustainable	ADJ
fbem-30123	138	21	growth	growth	NOUN
fbem-30123	138	22	rate	rate	NOUN
fbem-30123	138	23	,	,	PUNCT
fbem-30123	138	24	actual	actual	ADJ
fbem-30123	138	25	growth	growth	NOUN
fbem-30123	138	26	rate	rate	NOUN
fbem-30123	138	27	,	,	PUNCT
fbem-30123	138	28	and	and	CCONJ
fbem-30123	138	29	overall	overall	ADJ
fbem-30123	138	30	growth	growth	NOUN
fbem-30123	138	31	rate	rate	NOUN
fbem-30123	138	32	gradually	gradually	ADV
fbem-30123	138	33	decreases	decrease	VERB
fbem-30123	138	34	—	—	PUNCT
fbem-30123	138	35	and	and	CCONJ
fbem-30123	138	36	vice	vice	ADV
fbem-30123	138	37	versa	versa	ADV
fbem-30123	138	38	.	.	PUNCT
fbem-30123	139	1	this	this	PRON
fbem-30123	139	2	suggests	suggest	VERB
fbem-30123	139	3	that	that	SCONJ
fbem-30123	139	4	when	when	SCONJ
fbem-30123	139	5	a	a	DET
fbem-30123	139	6	company	company	NOUN
fbem-30123	139	7	relies	rely	VERB
fbem-30123	139	8	more	more	ADJ
fbem-30123	139	9	on	on	ADP
fbem-30123	139	10	debt	debt	NOUN
fbem-30123	139	11	financing	financing	NOUN
fbem-30123	139	12	(	(	PUNCT
fbem-30123	139	13	i.e.	i.e.	X
fbem-30123	139	14	,	,	PUNCT
fbem-30123	139	15	an	an	DET
fbem-30123	139	16	increased	increase	VERB
fbem-30123	139	17	asset	asset	NOUN
fbem-30123	139	18	-	-	PUNCT
fbem-30123	139	19	liability	liability	NOUN
fbem-30123	139	20	ratio	ratio	NOUN
fbem-30123	139	21	)	)	PUNCT
fbem-30123	139	22	,	,	PUNCT
fbem-30123	139	23	its	its	PRON
fbem-30123	139	24	financial	financial	ADJ
fbem-30123	139	25	risk	risk	NOUN
fbem-30123	139	26	rises	rise	NOUN
fbem-30123	139	27	,	,	PUNCT
fbem-30123	139	28	leading	lead	VERB
fbem-30123	139	29	to	to	ADP
fbem-30123	139	30	lower	lower	ADV
fbem-30123	139	31	sustainable	sustainable	ADJ
fbem-30123	139	32	and	and	CCONJ
fbem-30123	139	33	actual	actual	ADJ
fbem-30123	139	34	growth	growth	NOUN
fbem-30123	139	35	rates	rate	NOUN
fbem-30123	139	36	.	.	PUNCT
fbem-30123	140	1	conversely	conversely	ADV
fbem-30123	140	2	,	,	PUNCT
fbem-30123	140	3	when	when	SCONJ
fbem-30123	140	4	a	a	DET
fbem-30123	140	5	company	company	NOUN
fbem-30123	140	6	uses	use	VERB
fbem-30123	140	7	more	more	ADJ
fbem-30123	140	8	equity	equity	NOUN
fbem-30123	140	9	financing	financing	NOUN
fbem-30123	140	10	(	(	PUNCT
fbem-30123	140	11	i.e.	i.e.	X
fbem-30123	140	12	,	,	PUNCT
fbem-30123	140	13	an	an	DET
fbem-30123	140	14	increased	increase	VERB
fbem-30123	140	15	equity	equity	NOUN
fbem-30123	140	16	ratio	ratio	NOUN
fbem-30123	140	17	)	)	PUNCT
fbem-30123	140	18	,	,	PUNCT
fbem-30123	140	19	its	its	PRON
fbem-30123	140	20	financial	financial	ADJ
fbem-30123	140	21	risk	risk	NOUN
fbem-30123	140	22	diminishes	diminish	VERB
fbem-30123	140	23	,	,	PUNCT
fbem-30123	140	24	thereby	thereby	ADV
fbem-30123	140	25	facilitating	facilitate	VERB
fbem-30123	140	26	higher	higher	ADV
fbem-30123	140	27	sustainable	sustainable	ADJ
fbem-30123	140	28	and	and	CCONJ
fbem-30123	140	29	actual	actual	ADJ
fbem-30123	140	30	growth	growth	NOUN
fbem-30123	140	31	rates	rate	NOUN
fbem-30123	140	32	.	.	PUNCT
fbem-30123	141	1	therefore	therefore	ADV
fbem-30123	141	2	,	,	PUNCT
fbem-30123	141	3	when	when	SCONJ
fbem-30123	141	4	deciding	decide	VERB
fbem-30123	141	5	on	on	ADP
fbem-30123	141	6	financing	financing	NOUN
fbem-30123	141	7	methods	method	NOUN
fbem-30123	141	8	,	,	PUNCT
fbem-30123	141	9	the	the	DET
fbem-30123	141	10	company	company	NOUN
fbem-30123	141	11	’s	’s	PART
fbem-30123	141	12	financial	financial	ADJ
fbem-30123	141	13	health	health	NOUN
fbem-30123	141	14	and	and	CCONJ
fbem-30123	141	15	future	future	ADJ
fbem-30123	141	16	needs	need	NOUN
fbem-30123	141	17	must	must	AUX
fbem-30123	141	18	be	be	AUX
fbem-30123	141	19	carefully	carefully	ADV
fbem-30123	141	20	considered	consider	VERB
fbem-30123	141	21	to	to	PART
fbem-30123	141	22	ensure	ensure	VERB
fbem-30123	141	23	sustainable	sustainable	ADJ
fbem-30123	141	24	growth	growth	NOUN
fbem-30123	141	25	.	.	PUNCT
fbem-30123	142	1	from	from	ADP
fbem-30123	142	2	2017	2017	NUM
fbem-30123	142	3	to	to	ADP
fbem-30123	142	4	2021	2021	NUM
fbem-30123	142	5	,	,	PUNCT
fbem-30123	142	6	both	both	CCONJ
fbem-30123	142	7	the	the	DET
fbem-30123	142	8	equity	equity	NOUN
fbem-30123	142	9	ratio	ratio	NOUN
fbem-30123	142	10	and	and	CCONJ
fbem-30123	142	11	asset	asset	NOUN
fbem-30123	142	12	-	-	PUNCT
fbem-30123	142	13	liability	liability	NOUN
fbem-30123	142	14	ratio	ratio	NOUN
fbem-30123	142	15	showed	show	VERB
fbem-30123	142	16	a	a	DET
fbem-30123	142	17	declining	decline	VERB
fbem-30123	142	18	trend	trend	NOUN
fbem-30123	142	19	.	.	PUNCT
fbem-30123	143	1	although	although	SCONJ
fbem-30123	143	2	this	this	DET
fbem-30123	143	3	shift	shift	NOUN
fbem-30123	143	4	increased	increase	VERB
fbem-30123	143	5	the	the	DET
fbem-30123	143	6	proportion	proportion	NOUN
fbem-30123	143	7	of	of	ADP
fbem-30123	143	8	company	company	NOUN
fbem-30123	143	9	-	-	PUNCT
fbem-30123	143	10	owned	own	VERB
fbem-30123	143	11	assets	asset	NOUN
fbem-30123	143	12	—	—	PUNCT
fbem-30123	143	13	resulting	result	VERB
fbem-30123	143	14	in	in	ADP
fbem-30123	143	15	greater	great	ADJ
fbem-30123	143	16	free	free	ADJ
fbem-30123	143	17	cash	cash	NOUN
fbem-30123	143	18	flow	flow	NOUN
fbem-30123	143	19	and	and	CCONJ
fbem-30123	143	20	improved	improve	VERB
fbem-30123	143	21	debt	debt	NOUN
fbem-30123	143	22	repayment	repayment	NOUN
fbem-30123	143	23	capacity	capacity	NOUN
fbem-30123	143	24	,	,	PUNCT
fbem-30123	143	25	which	which	PRON
fbem-30123	143	26	enhanced	enhance	VERB
fbem-30123	143	27	stability	stability	NOUN
fbem-30123	143	28	and	and	CCONJ
fbem-30123	143	29	flexibility	flexibility	NOUN
fbem-30123	143	30	—	—	PUNCT
fbem-30123	143	31	it	it	PRON
fbem-30123	143	32	also	also	ADV
fbem-30123	143	33	led	lead	VERB
fbem-30123	143	34	to	to	ADP
fbem-30123	143	35	underutilized	underutilize	VERB
fbem-30123	143	36	funds	fund	NOUN
fbem-30123	143	37	.	.	PUNCT
fbem-30123	144	1	consequently	consequently	ADV
fbem-30123	144	2	,	,	PUNCT
fbem-30123	144	3	the	the	DET
fbem-30123	144	4	company	company	NOUN
fbem-30123	144	5	missed	miss	VERB
fbem-30123	144	6	many	many	ADJ
fbem-30123	144	7	opportunity	opportunity	NOUN
fbem-30123	144	8	costs	cost	NOUN
fbem-30123	144	9	,	,	PUNCT
fbem-30123	144	10	such	such	ADJ
fbem-30123	144	11	as	as	ADP
fbem-30123	144	12	the	the	DET
fbem-30123	144	13	chance	chance	NOUN
fbem-30123	144	14	to	to	PART
fbem-30123	144	15	expand	expand	VERB
fbem-30123	144	16	operations	operation	NOUN
fbem-30123	144	17	through	through	ADP
fbem-30123	144	18	borrowing	borrowing	NOUN
fbem-30123	144	19	,	,	PUNCT
fbem-30123	144	20	which	which	PRON
fbem-30123	144	21	could	could	AUX
fbem-30123	144	22	adversely	adversely	ADV
fbem-30123	144	23	affect	affect	VERB
fbem-30123	144	24	its	its	PRON
fbem-30123	144	25	sustainable	sustainable	ADJ
fbem-30123	144	26	growth	growth	NOUN
fbem-30123	144	27	potential	potential	NOUN
fbem-30123	144	28	.	.	PUNCT
fbem-30123	145	1	in	in	ADP
fbem-30123	145	2	2021	2021	NUM
fbem-30123	145	3	,	,	PUNCT
fbem-30123	145	4	to	to	PART
fbem-30123	145	5	accelerate	accelerate	VERB
fbem-30123	145	6	expansion	expansion	NOUN
fbem-30123	145	7	and	and	CCONJ
fbem-30123	145	8	development	development	NOUN
fbem-30123	145	9	,	,	PUNCT
fbem-30123	145	10	milkground	milkground	PROPN
fbem-30123	145	11	conducted	conduct	VERB
fbem-30123	145	12	targeted	targeted	ADJ
fbem-30123	145	13	fundraising	fundraising	NOUN
fbem-30123	145	14	from	from	ADP
fbem-30123	145	15	mengniu	mengniu	NOUN
fbem-30123	145	16	dairy	dairy	NOUN
fbem-30123	145	17	.	.	PUNCT
fbem-30123	146	1	following	follow	VERB
fbem-30123	146	2	this	this	PRON
fbem-30123	146	3	,	,	PUNCT
fbem-30123	146	4	the	the	DET
fbem-30123	146	5	company	company	NOUN
fbem-30123	146	6	gradually	gradually	ADV
fbem-30123	146	7	increased	increase	VERB
fbem-30123	146	8	its	its	PRON
fbem-30123	146	9	financial	financial	ADJ
fbem-30123	146	10	leverage	leverage	NOUN
fbem-30123	146	11	,	,	PUNCT
fbem-30123	146	12	leading	lead	VERB
fbem-30123	146	13	to	to	ADP
fbem-30123	146	14	an	an	DET
fbem-30123	146	15	upward	upward	ADJ
fbem-30123	146	16	trend	trend	NOUN
fbem-30123	146	17	in	in	ADP
fbem-30123	146	18	these	these	DET
fbem-30123	146	19	two	two	NUM
fbem-30123	146	20	indicators	indicator	NOUN
fbem-30123	146	21	in	in	ADP
fbem-30123	146	22	2022	2022	NUM
fbem-30123	146	23	.	.	PUNCT
fbem-30123	147	1	this	this	DET
fbem-30123	147	2	adjustment	adjustment	NOUN
fbem-30123	147	3	played	play	VERB
fbem-30123	147	4	a	a	DET
fbem-30123	147	5	significant	significant	ADJ
fbem-30123	147	6	role	role	NOUN
fbem-30123	147	7	in	in	ADP
fbem-30123	147	8	balancing	balance	VERB
fbem-30123	147	9	the	the	DET
fbem-30123	147	10	two	two	NUM
fbem-30123	147	11	growth	growth	NOUN
fbem-30123	147	12	rates	rate	NOUN
fbem-30123	147	13	and	and	CCONJ
fbem-30123	147	14	enhancing	enhance	VERB
fbem-30123	147	15	the	the	DET
fbem-30123	147	16	company	company	NOUN
fbem-30123	147	17	’s	’s	PART
fbem-30123	147	18	sustainable	sustainable	ADJ
fbem-30123	147	19	growth	growth	NOUN
fbem-30123	147	20	capacity	capacity	NOUN
fbem-30123	147	21	.	.	PUNCT
fbem-30123	148	1	4	4	X
fbem-30123	148	2	.	.	X
fbem-30123	148	3	challenges	challenge	NOUN
fbem-30123	148	4	and	and	CCONJ
fbem-30123	148	5	causes	cause	VERB
fbem-30123	148	6	4.1	4.1	NUM
fbem-30123	148	7	.	.	PUNCT
fbem-30123	149	1	problems	problem	NOUN
fbem-30123	149	2	in	in	ADP
fbem-30123	149	3	the	the	DET
fbem-30123	149	4	process	process	NOUN
fbem-30123	149	5	of	of	ADP
fbem-30123	149	6	achieving	achieve	VERB
fbem-30123	149	7	sustainable	sustainable	ADJ
fbem-30123	149	8	growth	growth	NOUN
fbem-30123	149	9	4.1.1	4.1.1	NUM
fbem-30123	149	10	.	.	PUNCT
fbem-30123	150	1	profitability	profitability	NOUN
fbem-30123	150	2	and	and	CCONJ
fbem-30123	150	3	capital	capital	NOUN
fbem-30123	150	4	utilization	utilization	NOUN
fbem-30123	150	5	issues	issue	NOUN
fbem-30123	150	6	table	table	VERB
fbem-30123	150	7	9	9	NUM
fbem-30123	150	8	.	.	PUNCT
fbem-30123	151	1	milkground	milkground	PROPN
fbem-30123	151	2	’s	’s	PART
fbem-30123	151	3	profit	profit	NOUN
fbem-30123	151	4	quality	quality	NOUN
fbem-30123	151	5	year	year	NOUN
fbem-30123	151	6	roe	roe	NOUN
fbem-30123	151	7	(	(	PUNCT
fbem-30123	151	8	%	%	INTJ
fbem-30123	151	9	)	)	PUNCT
fbem-30123	151	10	roic	roic	ADJ
fbem-30123	151	11	(	(	PUNCT
fbem-30123	151	12	%	%	INTJ
fbem-30123	151	13	)	)	PUNCT
fbem-30123	151	14	net	net	ADJ
fbem-30123	151	15	profit	profit	NOUN
fbem-30123	151	16	margin	margin	NOUN
fbem-30123	151	17	(	(	PUNCT
fbem-30123	151	18	%	%	INTJ
fbem-30123	151	19	)	)	PUNCT
fbem-30123	151	20	2016	2016	NUM
fbem-30123	151	21	1.68	1.68	NUM
fbem-30123	151	22	1.95	1.95	NUM
fbem-30123	151	23	6.17	6.17	NUM
fbem-30123	151	24	2017	2017	NUM
fbem-30123	151	25	0.37	0.37	NUM
fbem-30123	151	26	0.20	0.20	NUM
fbem-30123	151	27	0.44	0.44	NUM
fbem-30123	151	28	2018	2018	NUM
fbem-30123	151	29	0.89	0.89	NUM
fbem-30123	151	30	0.46	0.46	NUM
fbem-30123	151	31	0.87	0.87	NUM
fbem-30123	151	32	2019	2019	NUM
fbem-30123	151	33	1.54	1.54	NUM
fbem-30123	151	34	0.88	0.88	NUM
fbem-30123	151	35	1.10	1.10	NUM
fbem-30123	151	36	2020	2020	NUM
fbem-30123	151	37	4.55	4.55	NUM
fbem-30123	151	38	2.80	2.80	NUM
fbem-30123	151	39	2.60	2.60	NUM
fbem-30123	151	40	2021	2021	NUM
fbem-30123	151	41	4.97	4.97	NUM
fbem-30123	151	42	4.31	4.31	NUM
fbem-30123	151	43	4.33	4.33	NUM
fbem-30123	151	44	2022	2022	NUM
fbem-30123	151	45	3.05	3.05	NUM
fbem-30123	151	46	2.49	2.49	NUM
fbem-30123	151	47	3.54	3.54	NUM
fbem-30123	151	48	according	accord	VERB
fbem-30123	151	49	to	to	ADP
fbem-30123	151	50	the	the	DET
fbem-30123	151	51	table	table	NOUN
fbem-30123	151	52	data	datum	NOUN
fbem-30123	151	53	,	,	PUNCT
fbem-30123	151	54	milkground	milkground	PROPN
fbem-30123	151	55	's	's	PART
fbem-30123	151	56	return	return	NOUN
fbem-30123	151	57	on	on	ADP
fbem-30123	151	58	net	net	ADJ
fbem-30123	151	59	assets	asset	NOUN
fbem-30123	151	60	(	(	PUNCT
fbem-30123	151	61	roe	roe	NOUN
fbem-30123	151	62	)	)	PUNCT
fbem-30123	151	63	,	,	PUNCT
fbem-30123	151	64	return	return	VERB
fbem-30123	151	65	on	on	ADP
fbem-30123	151	66	invested	invest	VERB
fbem-30123	151	67	capital	capital	NOUN
fbem-30123	151	68	(	(	PUNCT
fbem-30123	151	69	roic	roic	ADJ
fbem-30123	151	70	)	)	PUNCT
fbem-30123	151	71	,	,	PUNCT
fbem-30123	151	72	and	and	CCONJ
fbem-30123	151	73	net	net	ADJ
fbem-30123	151	74	profit	profit	NOUN
fbem-30123	151	75	margin	margin	NOUN
fbem-30123	151	76	are	be	AUX
fbem-30123	151	77	all	all	PRON
fbem-30123	151	78	relatively	relatively	ADV
fbem-30123	151	79	low	low	ADJ
fbem-30123	151	80	,	,	PUNCT
fbem-30123	151	81	indicating	indicate	VERB
fbem-30123	151	82	weak	weak	ADJ
fbem-30123	151	83	profitability	profitability	NOUN
fbem-30123	151	84	.	.	PUNCT
fbem-30123	152	1	firstly	firstly	ADV
fbem-30123	152	2	,	,	PUNCT
fbem-30123	152	3	roe	roe	NOUN
fbem-30123	152	4	measures	measure	VERB
fbem-30123	152	5	the	the	DET
fbem-30123	152	6	company	company	NOUN
fbem-30123	152	7	's	's	PART
fbem-30123	152	8	profitability	profitability	NOUN
fbem-30123	152	9	in	in	ADP
fbem-30123	152	10	utilizing	utilize	VERB
fbem-30123	152	11	its	its	PRON
fbem-30123	152	12	assets	asset	NOUN
fbem-30123	152	13	.	.	PUNCT
fbem-30123	153	1	from	from	ADP
fbem-30123	153	2	2016	2016	NUM
fbem-30123	153	3	to	to	ADP
fbem-30123	153	4	2022	2022	NUM
fbem-30123	153	5	,	,	PUNCT
fbem-30123	153	6	milkground	milkground	PROPN
fbem-30123	153	7	's	's	PART
fbem-30123	153	8	roe	roe	NOUN
fbem-30123	153	9	fluctuated	fluctuate	VERB
fbem-30123	153	10	significantly	significantly	ADV
fbem-30123	153	11	,	,	PUNCT
fbem-30123	153	12	with	with	ADP
fbem-30123	153	13	a	a	DET
fbem-30123	153	14	maximum	maximum	NOUN
fbem-30123	153	15	of	of	ADP
fbem-30123	153	16	4.97	4.97	NUM
fbem-30123	153	17	%	%	NOUN
fbem-30123	153	18	and	and	CCONJ
fbem-30123	153	19	a	a	DET
fbem-30123	153	20	minimum	minimum	NOUN
fbem-30123	153	21	of	of	ADP
fbem-30123	153	22	0.37	0.37	NUM
fbem-30123	153	23	%	%	NOUN
fbem-30123	153	24	,	,	PUNCT
fbem-30123	153	25	averaging	average	VERB
fbem-30123	153	26	around	around	ADV
fbem-30123	153	27	2.58	2.58	NUM
fbem-30123	153	28	%	%	NOUN
fbem-30123	153	29	.	.	PUNCT
fbem-30123	154	1	this	this	PRON
fbem-30123	154	2	suggests	suggest	VERB
fbem-30123	154	3	that	that	SCONJ
fbem-30123	154	4	the	the	DET
fbem-30123	154	5	company	company	NOUN
fbem-30123	154	6	has	have	AUX
fbem-30123	154	7	not	not	PART
fbem-30123	154	8	generated	generate	VERB
fbem-30123	154	9	sufficient	sufficient	ADJ
fbem-30123	154	10	returns	return	NOUN
fbem-30123	154	11	on	on	ADP
fbem-30123	154	12	its	its	PRON
fbem-30123	154	13	assets	asset	NOUN
fbem-30123	154	14	.	.	PUNCT
fbem-30123	155	1	secondly	secondly	ADV
fbem-30123	155	2	,	,	PUNCT
fbem-30123	155	3	roic	roic	ADJ
fbem-30123	155	4	assesses	assess	VERB
fbem-30123	155	5	the	the	DET
fbem-30123	155	6	return	return	NOUN
fbem-30123	155	7	a	a	DET
fbem-30123	155	8	company	company	NOUN
fbem-30123	155	9	earns	earn	VERB
fbem-30123	155	10	on	on	ADP
fbem-30123	155	11	its	its	PRON
fbem-30123	155	12	invested	invest	VERB
fbem-30123	155	13	capital	capital	NOUN
fbem-30123	155	14	.	.	PUNCT
fbem-30123	156	1	between	between	ADP
fbem-30123	156	2	2016	2016	NUM
fbem-30123	156	3	and	and	CCONJ
fbem-30123	156	4	2022	2022	NUM
fbem-30123	156	5	,	,	PUNCT
fbem-30123	156	6	milkground	milkground	PROPN
fbem-30123	156	7	’s	’s	PART
fbem-30123	156	8	roic	roic	NOUN
fbem-30123	156	9	ranged	range	VERB
fbem-30123	156	10	from	from	ADP
fbem-30123	156	11	0.20	0.20	NUM
fbem-30123	156	12	%	%	NOUN
fbem-30123	156	13	to	to	PART
fbem-30123	156	14	4.31	4.31	NUM
fbem-30123	156	15	%	%	NOUN
fbem-30123	156	16	,	,	PUNCT
fbem-30123	156	17	with	with	ADP
fbem-30123	156	18	an	an	DET
fbem-30123	156	19	average	average	NOUN
fbem-30123	156	20	of	of	ADP
fbem-30123	156	21	approximately	approximately	ADV
fbem-30123	156	22	2.21	2.21	NUM
fbem-30123	156	23	%	%	NOUN
fbem-30123	156	24	.	.	PUNCT
fbem-30123	157	1	while	while	SCONJ
fbem-30123	157	2	slightly	slightly	ADV
fbem-30123	157	3	higher	high	ADJ
fbem-30123	157	4	than	than	ADP
fbem-30123	157	5	roe	roe	NOUN
fbem-30123	157	6	,	,	PUNCT
fbem-30123	157	7	it	it	PRON
fbem-30123	157	8	remains	remain	VERB
fbem-30123	157	9	below	below	ADP
fbem-30123	157	10	expectations	expectation	NOUN
fbem-30123	157	11	.	.	PUNCT
fbem-30123	158	1	lastly	lastly	ADV
fbem-30123	158	2	,	,	PUNCT
fbem-30123	158	3	the	the	DET
fbem-30123	158	4	net	net	ADJ
fbem-30123	158	5	profit	profit	NOUN
fbem-30123	158	6	margin	margin	NOUN
fbem-30123	158	7	measures	measure	VERB
fbem-30123	158	8	the	the	DET
fbem-30123	158	9	proportion	proportion	NOUN
fbem-30123	158	10	of	of	ADP
fbem-30123	158	11	profit	profit	NOUN
fbem-30123	158	12	in	in	ADP
fbem-30123	158	13	total	total	ADJ
fbem-30123	158	14	revenue	revenue	NOUN
fbem-30123	158	15	.	.	PUNCT
fbem-30123	159	1	from	from	ADP
fbem-30123	159	2	2016	2016	NUM
fbem-30123	159	3	to	to	ADP
fbem-30123	159	4	2022	2022	NUM
fbem-30123	159	5	,	,	PUNCT
fbem-30123	159	6	milkground	milkground	PROPN
fbem-30123	159	7	’s	’s	PART
fbem-30123	159	8	net	net	ADJ
fbem-30123	159	9	profit	profit	NOUN
fbem-30123	159	10	margin	margin	NOUN
fbem-30123	159	11	fluctuated	fluctuate	VERB
fbem-30123	159	12	between	between	ADP
fbem-30123	159	13	0.44	0.44	NUM
fbem-30123	159	14	%	%	NOUN
fbem-30123	159	15	and	and	CCONJ
fbem-30123	159	16	4.33	4.33	NUM
fbem-30123	159	17	%	%	NOUN
fbem-30123	159	18	,	,	PUNCT
fbem-30123	159	19	with	with	ADP
fbem-30123	159	20	an	an	DET
fbem-30123	159	21	average	average	NOUN
fbem-30123	159	22	of	of	ADP
fbem-30123	159	23	about	about	ADV
fbem-30123	159	24	2.08	2.08	NUM
fbem-30123	159	25	%	%	NOUN
fbem-30123	159	26	.	.	PUNCT
fbem-30123	160	1	this	this	PRON
fbem-30123	160	2	is	be	AUX
fbem-30123	160	3	significantly	significantly	ADV
fbem-30123	160	4	lower	low	ADJ
fbem-30123	160	5	than	than	ADP
fbem-30123	160	6	the	the	DET
fbem-30123	160	7	industry	industry	NOUN
fbem-30123	160	8	average	average	NOUN
fbem-30123	160	9	,	,	PUNCT
fbem-30123	160	10	indicating	indicate	VERB
fbem-30123	160	11	the	the	DET
fbem-30123	160	12	need	need	NOUN
fbem-30123	160	13	for	for	ADP
fbem-30123	160	14	measures	measure	NOUN
fbem-30123	160	15	to	to	PART
fbem-30123	160	16	enhance	enhance	VERB
fbem-30123	160	17	profitability	profitability	NOUN
fbem-30123	160	18	,	,	PUNCT
fbem-30123	160	19	such	such	ADJ
fbem-30123	160	20	as	as	ADP
fbem-30123	160	21	improving	improve	VERB
fbem-30123	160	22	marketing	marketing	NOUN
fbem-30123	160	23	strategies	strategy	NOUN
fbem-30123	160	24	to	to	PART
fbem-30123	160	25	boost	boost	VERB
fbem-30123	160	26	sales	sale	NOUN
fbem-30123	160	27	volume	volume	NOUN
fbem-30123	160	28	or	or	CCONJ
fbem-30123	160	29	reducing	reduce	VERB
fbem-30123	160	30	costs	cost	NOUN
fbem-30123	160	31	to	to	PART
fbem-30123	160	32	increase	increase	VERB
fbem-30123	160	33	profit	profit	NOUN
fbem-30123	160	34	margins	margin	NOUN
fbem-30123	160	35	.	.	PUNCT
fbem-30123	161	1	table	table	NOUN
fbem-30123	161	2	10	10	NUM
fbem-30123	161	3	.	.	PUNCT
fbem-30123	162	1	revenue	revenue	NOUN
fbem-30123	162	2	and	and	CCONJ
fbem-30123	162	3	profit	profit	NOUN
fbem-30123	162	4	indicators	indicator	NOUN
fbem-30123	162	5	year	year	VERB
fbem-30123	162	6	sales	sale	NOUN
fbem-30123	162	7	revenue	revenue	NOUN
fbem-30123	162	8	(	(	PUNCT
fbem-30123	162	9	billion	billion	NUM
fbem-30123	162	10	cny	cny	NOUN
fbem-30123	162	11	)	)	PUNCT
fbem-30123	162	12	net	net	ADJ
fbem-30123	162	13	profit	profit	NOUN
fbem-30123	162	14	(	(	PUNCT
fbem-30123	162	15	billion	billion	NUM
fbem-30123	162	16	cny	cny	NOUN
fbem-30123	162	17	)	)	PUNCT
fbem-30123	162	18	net	net	ADJ
fbem-30123	162	19	profit	profit	NOUN
fbem-30123	162	20	excluding	exclude	VERB
fbem-30123	162	21	non	non	ADJ
fbem-30123	162	22	-	-	ADJ
fbem-30123	162	23	recurring	recurring	ADJ
fbem-30123	162	24	gains	gain	NOUN
fbem-30123	162	25	and	and	CCONJ
fbem-30123	162	26	losses	loss	NOUN
fbem-30123	162	27	(	(	PUNCT
fbem-30123	162	28	billion	billion	NUM
fbem-30123	162	29	cny	cny	NOUN
fbem-30123	162	30	)	)	PUNCT
fbem-30123	162	31	2016	2016	NUM
fbem-30123	162	32	5.12	5.12	NUM
fbem-30123	162	33	0.32	0.32	NUM
fbem-30123	162	34	-0.15	-0.15	NUM
fbem-30123	162	35	2017	2017	NUM
fbem-30123	162	36	9.82	9.82	NUM
fbem-30123	162	37	0.04	0.04	NUM
fbem-30123	162	38	0.01	0.01	NUM
fbem-30123	162	39	2018	2018	NUM
fbem-30123	162	40	12.26	12.26	NUM
fbem-30123	162	41	0.11	0.11	NUM
fbem-30123	162	42	-0.14	-0.14	NUM
fbem-30123	162	43	2019	2019	NUM
fbem-30123	162	44	17.44	17.44	NUM
fbem-30123	162	45	0.19	0.19	NUM
fbem-30123	162	46	-0.12	-0.12	NUM
fbem-30123	162	47	2020	2020	NUM
fbem-30123	162	48	28.47	28.47	NUM
fbem-30123	162	49	0.59	0.59	NUM
fbem-30123	162	50	0.45	0.45	NUM
fbem-30123	162	51	2021	2021	NUM
fbem-30123	162	52	44.78	44.78	NUM
fbem-30123	162	53	1.54	1.54	NUM
fbem-30123	162	54	1.22	1.22	NUM
fbem-30123	162	55	2022	2022	NUM
fbem-30123	162	56	48.3	48.3	NUM
fbem-30123	162	57	1.71	1.71	NUM
fbem-30123	162	58	0.67	0.67	NUM
fbem-30123	162	59	the	the	DET
fbem-30123	162	60	data	datum	NOUN
fbem-30123	162	61	suggests	suggest	VERB
fbem-30123	162	62	a	a	DET
fbem-30123	162	63	preliminary	preliminary	ADJ
fbem-30123	162	64	conclusion	conclusion	NOUN
fbem-30123	162	65	:	:	PUNCT
fbem-30123	162	66	the	the	DET
fbem-30123	162	67	company	company	NOUN
fbem-30123	162	68	experiences	experience	VERB
fbem-30123	162	69	revenue	revenue	NOUN
fbem-30123	162	70	growth	growth	NOUN
fbem-30123	162	71	without	without	ADP
fbem-30123	162	72	a	a	DET
fbem-30123	162	73	corresponding	corresponding	ADJ
fbem-30123	162	74	increase	increase	NOUN
fbem-30123	162	75	0.00	0.00	NUM
fbem-30123	162	76	%	%	NOUN
fbem-30123	162	77	50.00	50.00	NUM
fbem-30123	162	78	%	%	NOUN
fbem-30123	162	79	100.00	100.00	NUM
fbem-30123	162	80	%	%	NOUN
fbem-30123	162	81	150.00	150.00	NUM
fbem-30123	162	82	%	%	NOUN
fbem-30123	162	83	2016	2016	NUM
fbem-30123	162	84	2017	2017	NUM
fbem-30123	162	85	2018	2018	NUM
fbem-30123	162	86	2019	2019	NUM
fbem-30123	162	87	2020	2020	NUM
fbem-30123	162	88	2021	2021	NUM
fbem-30123	162	89	2022	2022	NUM
fbem-30123	162	90	sustainable	sustainable	ADJ
fbem-30123	162	91	growth	growth	NOUN
fbem-30123	162	92	rate	rate	NOUN
fbem-30123	162	93	(	(	PUNCT
fbem-30123	162	94	sgr	sgr	PROPN
fbem-30123	162	95	)	)	PUNCT
fbem-30123	162	96	actual	actual	ADJ
fbem-30123	162	97	growth	growth	NOUN
fbem-30123	162	98	rate	rate	NOUN
fbem-30123	162	99	(	(	PUNCT
fbem-30123	162	100	g	g	NOUN
fbem-30123	162	101	)	)	PUNCT
fbem-30123	162	102	deviation	deviation	NOUN
fbem-30123	162	103	(	(	PUNCT
fbem-30123	162	104	δ	δ	NOUN
fbem-30123	162	105	=	=	SYM
fbem-30123	162	106	g	g	PROPN
fbem-30123	162	107	−	−	PROPN
fbem-30123	162	108	sgr	sgr	PROPN
fbem-30123	162	109	)	)	PUNCT
fbem-30123	162	110	retention	retention	NOUN
fbem-30123	162	111	ratio	ratio	NOUN
fbem-30123	162	112	equity	equity	PROPN
fbem-30123	162	113	ratio	ratio	PROPN
fbem-30123	162	114	asset	asset	NOUN
fbem-30123	162	115	-	-	PUNCT
fbem-30123	162	116	liability	liability	NOUN
fbem-30123	162	117	ratio	ratio	NOUN
fbem-30123	162	118	229	229	NUM
fbem-30123	162	119	in	in	ADP
fbem-30123	162	120	profitability	profitability	NOUN
fbem-30123	162	121	.	.	PUNCT
fbem-30123	163	1	specifically	specifically	ADV
fbem-30123	163	2	,	,	PUNCT
fbem-30123	163	3	while	while	SCONJ
fbem-30123	163	4	its	its	PRON
fbem-30123	163	5	revenue	revenue	NOUN
fbem-30123	163	6	has	have	AUX
fbem-30123	163	7	shown	show	VERB
fbem-30123	163	8	a	a	DET
fbem-30123	163	9	stable	stable	ADJ
fbem-30123	163	10	upward	upward	ADJ
fbem-30123	163	11	trend	trend	NOUN
fbem-30123	163	12	in	in	ADP
fbem-30123	163	13	recent	recent	ADJ
fbem-30123	163	14	years	year	NOUN
fbem-30123	163	15	,	,	PUNCT
fbem-30123	163	16	net	net	ADJ
fbem-30123	163	17	profit	profit	NOUN
fbem-30123	163	18	and	and	CCONJ
fbem-30123	163	19	nonrecurring	nonrecurre	VERB
fbem-30123	163	20	profit	profit	NOUN
fbem-30123	163	21	have	have	AUX
fbem-30123	163	22	exhibited	exhibit	VERB
fbem-30123	163	23	fluctuations	fluctuation	NOUN
fbem-30123	163	24	and	and	CCONJ
fbem-30123	163	25	reversals	reversal	NOUN
fbem-30123	163	26	.	.	PUNCT
fbem-30123	164	1	this	this	PRON
fbem-30123	164	2	indicates	indicate	VERB
fbem-30123	164	3	a	a	DET
fbem-30123	164	4	decline	decline	NOUN
fbem-30123	164	5	in	in	ADP
fbem-30123	164	6	operational	operational	ADJ
fbem-30123	164	7	efficiency	efficiency	NOUN
fbem-30123	164	8	,	,	PUNCT
fbem-30123	164	9	which	which	PRON
fbem-30123	164	10	has	have	AUX
fbem-30123	164	11	not	not	PART
fbem-30123	164	12	translated	translate	VERB
fbem-30123	164	13	into	into	ADP
fbem-30123	164	14	improved	improved	ADJ
fbem-30123	164	15	profitability	profitability	NOUN
fbem-30123	164	16	.	.	PUNCT
fbem-30123	165	1	since	since	SCONJ
fbem-30123	165	2	non	non	ADJ
fbem-30123	165	3	-	-	ADJ
fbem-30123	165	4	recurring	recur	VERB
fbem-30123	165	5	profit	profit	NOUN
fbem-30123	165	6	excludes	exclude	VERB
fbem-30123	165	7	one	one	NUM
fbem-30123	165	8	-	-	PUNCT
fbem-30123	165	9	time	time	NOUN
fbem-30123	165	10	gains	gain	NOUN
fbem-30123	165	11	or	or	CCONJ
fbem-30123	165	12	losses	loss	NOUN
fbem-30123	165	13	,	,	PUNCT
fbem-30123	165	14	it	it	PRON
fbem-30123	165	15	provides	provide	VERB
fbem-30123	165	16	a	a	DET
fbem-30123	165	17	more	more	ADV
fbem-30123	165	18	accurate	accurate	ADJ
fbem-30123	165	19	reflection	reflection	NOUN
fbem-30123	165	20	of	of	ADP
fbem-30123	165	21	the	the	DET
fbem-30123	165	22	company	company	NOUN
fbem-30123	165	23	’s	’s	PART
fbem-30123	165	24	true	true	ADJ
fbem-30123	165	25	earning	earning	NOUN
fbem-30123	165	26	capacity	capacity	NOUN
fbem-30123	165	27	.	.	PUNCT
fbem-30123	166	1	for	for	ADP
fbem-30123	166	2	milkground	milkground	ADJ
fbem-30123	166	3	,	,	PUNCT
fbem-30123	166	4	the	the	DET
fbem-30123	166	5	issues	issue	NOUN
fbem-30123	166	6	of	of	ADP
fbem-30123	166	7	weak	weak	ADJ
fbem-30123	166	8	profitability	profitability	NOUN
fbem-30123	166	9	and	and	CCONJ
fbem-30123	166	10	revenue	revenue	NOUN
fbem-30123	166	11	growth	growth	NOUN
fbem-30123	166	12	without	without	ADP
fbem-30123	166	13	profit	profit	NOUN
fbem-30123	166	14	increase	increase	NOUN
fbem-30123	166	15	require	require	VERB
fbem-30123	166	16	serious	serious	ADJ
fbem-30123	166	17	attention	attention	NOUN
fbem-30123	166	18	.	.	PUNCT
fbem-30123	167	1	on	on	ADP
fbem-30123	167	2	one	one	NUM
fbem-30123	167	3	hand	hand	NOUN
fbem-30123	167	4	,	,	PUNCT
fbem-30123	167	5	the	the	DET
fbem-30123	167	6	company	company	NOUN
fbem-30123	167	7	must	must	AUX
fbem-30123	167	8	further	far	ADV
fbem-30123	167	9	optimize	optimize	VERB
fbem-30123	167	10	operations	operation	NOUN
fbem-30123	167	11	,	,	PUNCT
fbem-30123	167	12	enhance	enhance	VERB
fbem-30123	167	13	efficiency	efficiency	NOUN
fbem-30123	167	14	,	,	PUNCT
fbem-30123	167	15	and	and	CCONJ
fbem-30123	167	16	minimize	minimize	VERB
fbem-30123	167	17	waste	waste	NOUN
fbem-30123	167	18	and	and	CCONJ
fbem-30123	167	19	losses	loss	NOUN
fbem-30123	167	20	to	to	PART
fbem-30123	167	21	improve	improve	VERB
fbem-30123	167	22	profitability	profitability	NOUN
fbem-30123	167	23	.	.	PUNCT
fbem-30123	168	1	on	on	ADP
fbem-30123	168	2	the	the	DET
fbem-30123	168	3	other	other	ADJ
fbem-30123	168	4	hand	hand	NOUN
fbem-30123	168	5	,	,	PUNCT
fbem-30123	168	6	it	it	PRON
fbem-30123	168	7	should	should	AUX
fbem-30123	168	8	explore	explore	VERB
fbem-30123	168	9	new	new	ADJ
fbem-30123	168	10	profit	profit	NOUN
fbem-30123	168	11	growth	growth	NOUN
fbem-30123	168	12	avenues	avenue	NOUN
fbem-30123	168	13	by	by	ADP
fbem-30123	168	14	leveraging	leverage	VERB
fbem-30123	168	15	innovation	innovation	NOUN
fbem-30123	168	16	and	and	CCONJ
fbem-30123	168	17	differentiation	differentiation	NOUN
fbem-30123	168	18	strategies	strategy	NOUN
fbem-30123	168	19	to	to	PART
fbem-30123	168	20	increase	increase	VERB
fbem-30123	168	21	product	product	NOUN
fbem-30123	168	22	value	value	NOUN
fbem-30123	168	23	,	,	PUNCT
fbem-30123	168	24	strengthen	strengthen	VERB
fbem-30123	168	25	market	market	NOUN
fbem-30123	168	26	expansion	expansion	NOUN
fbem-30123	168	27	,	,	PUNCT
fbem-30123	168	28	and	and	CCONJ
fbem-30123	168	29	develop	develop	VERB
fbem-30123	168	30	new	new	ADJ
fbem-30123	168	31	revenue	revenue	NOUN
fbem-30123	168	32	streams	stream	NOUN
fbem-30123	168	33	.	.	PUNCT
fbem-30123	169	1	addressing	address	VERB
fbem-30123	169	2	these	these	DET
fbem-30123	169	3	issues	issue	NOUN
fbem-30123	169	4	with	with	ADP
fbem-30123	169	5	targeted	targeted	ADJ
fbem-30123	169	6	and	and	CCONJ
fbem-30123	169	7	effective	effective	ADJ
fbem-30123	169	8	operational	operational	ADJ
fbem-30123	169	9	strategies	strategy	NOUN
fbem-30123	169	10	is	be	AUX
fbem-30123	169	11	crucial	crucial	ADJ
fbem-30123	169	12	for	for	ADP
fbem-30123	169	13	enhancing	enhance	VERB
fbem-30123	169	14	profitability	profitability	NOUN
fbem-30123	169	15	,	,	PUNCT
fbem-30123	169	16	improving	improve	VERB
fbem-30123	169	17	operational	operational	ADJ
fbem-30123	169	18	efficiency	efficiency	NOUN
fbem-30123	169	19	,	,	PUNCT
fbem-30123	169	20	and	and	CCONJ
fbem-30123	169	21	achieving	achieve	VERB
fbem-30123	169	22	sustainable	sustainable	ADJ
fbem-30123	169	23	development	development	NOUN
fbem-30123	169	24	.	.	PUNCT
fbem-30123	170	1	4.1.2	4.1.2	X
fbem-30123	170	2	.	.	PUNCT
fbem-30123	170	3	low	low	ADJ
fbem-30123	170	4	capital	capital	NOUN
fbem-30123	170	5	utilization	utilization	NOUN
fbem-30123	170	6	efficiency	efficiency	NOUN
fbem-30123	170	7	milkground	milkground	PROPN
fbem-30123	170	8	's	's	PART
fbem-30123	170	9	total	total	ADJ
fbem-30123	170	10	asset	asset	NOUN
fbem-30123	170	11	turnover	turnover	NOUN
fbem-30123	170	12	ratio	ratio	NOUN
fbem-30123	170	13	and	and	CCONJ
fbem-30123	170	14	current	current	ADJ
fbem-30123	170	15	asset	asset	NOUN
fbem-30123	170	16	turnover	turnover	NOUN
fbem-30123	170	17	ratio	ratio	NOUN
fbem-30123	170	18	gradually	gradually	ADV
fbem-30123	170	19	increased	increase	VERB
fbem-30123	170	20	from	from	ADP
fbem-30123	170	21	2016	2016	NUM
fbem-30123	170	22	to	to	ADP
fbem-30123	170	23	2019	2019	NUM
fbem-30123	170	24	,	,	PUNCT
fbem-30123	170	25	saw	see	VERB
fbem-30123	170	26	a	a	DET
fbem-30123	170	27	sharp	sharp	ADJ
fbem-30123	170	28	rise	rise	NOUN
fbem-30123	170	29	in	in	ADP
fbem-30123	170	30	2020	2020	NUM
fbem-30123	170	31	,	,	PUNCT
fbem-30123	170	32	and	and	CCONJ
fbem-30123	170	33	then	then	ADV
fbem-30123	170	34	experienced	experience	VERB
fbem-30123	170	35	a	a	DET
fbem-30123	170	36	significant	significant	ADJ
fbem-30123	170	37	decline	decline	NOUN
fbem-30123	170	38	in	in	ADP
fbem-30123	170	39	2021	2021	NUM
fbem-30123	170	40	.	.	PUNCT
fbem-30123	171	1	regarding	regard	VERB
fbem-30123	171	2	the	the	DET
fbem-30123	171	3	asset	asset	NOUN
fbem-30123	171	4	-	-	PUNCT
fbem-30123	171	5	liability	liability	NOUN
fbem-30123	171	6	ratio	ratio	NOUN
fbem-30123	171	7	,	,	PUNCT
fbem-30123	171	8	it	it	PRON
fbem-30123	171	9	decreased	decrease	VERB
fbem-30123	171	10	each	each	DET
fbem-30123	171	11	year	year	NOUN
fbem-30123	171	12	from	from	ADP
fbem-30123	171	13	2016	2016	NUM
fbem-30123	171	14	to	to	ADP
fbem-30123	171	15	2021	2021	NUM
fbem-30123	171	16	,	,	PUNCT
fbem-30123	171	17	indicating	indicate	VERB
fbem-30123	171	18	an	an	DET
fbem-30123	171	19	improving	improve	VERB
fbem-30123	171	20	financial	financial	ADJ
fbem-30123	171	21	position	position	NOUN
fbem-30123	171	22	.	.	PUNCT
fbem-30123	172	1	however	however	ADV
fbem-30123	172	2	,	,	PUNCT
fbem-30123	172	3	it	it	PRON
fbem-30123	172	4	slightly	slightly	ADV
fbem-30123	172	5	increased	increase	VERB
fbem-30123	172	6	again	again	ADV
fbem-30123	172	7	in	in	ADP
fbem-30123	172	8	2022	2022	NUM
fbem-30123	172	9	.	.	PUNCT
fbem-30123	173	1	additionally	additionally	ADV
fbem-30123	173	2	,	,	PUNCT
fbem-30123	173	3	the	the	DET
fbem-30123	173	4	equity	equity	NOUN
fbem-30123	173	5	multiplier	multiplier	ADV
fbem-30123	173	6	showed	show	VERB
fbem-30123	173	7	a	a	DET
fbem-30123	173	8	downward	downward	ADJ
fbem-30123	173	9	trend	trend	NOUN
fbem-30123	173	10	over	over	ADP
fbem-30123	173	11	the	the	DET
fbem-30123	173	12	past	past	ADJ
fbem-30123	173	13	few	few	ADJ
fbem-30123	173	14	years	year	NOUN
fbem-30123	173	15	,	,	PUNCT
fbem-30123	173	16	dropping	drop	VERB
fbem-30123	173	17	from	from	ADP
fbem-30123	173	18	1.87	1.87	NUM
fbem-30123	173	19	to	to	ADP
fbem-30123	173	20	1.36	1.36	NUM
fbem-30123	173	21	,	,	PUNCT
fbem-30123	173	22	suggesting	suggest	VERB
fbem-30123	173	23	that	that	SCONJ
fbem-30123	173	24	milkground	milkground	ADV
fbem-30123	173	25	faced	face	VERB
fbem-30123	173	26	increased	increase	VERB
fbem-30123	173	27	risks	risk	NOUN
fbem-30123	173	28	when	when	SCONJ
fbem-30123	173	29	using	use	VERB
fbem-30123	173	30	debt	debt	NOUN
fbem-30123	173	31	financing	financing	NOUN
fbem-30123	173	32	for	for	ADP
fbem-30123	173	33	investments	investment	NOUN
fbem-30123	173	34	.	.	PUNCT
fbem-30123	174	1	meanwhile	meanwhile	ADV
fbem-30123	174	2	,	,	PUNCT
fbem-30123	174	3	both	both	CCONJ
fbem-30123	174	4	the	the	DET
fbem-30123	174	5	current	current	ADJ
fbem-30123	174	6	ratio	ratio	NOUN
fbem-30123	174	7	and	and	CCONJ
fbem-30123	174	8	quick	quick	ADJ
fbem-30123	174	9	ratio	ratio	NOUN
fbem-30123	174	10	surged	surge	VERB
fbem-30123	174	11	sharply	sharply	ADV
fbem-30123	174	12	after	after	ADP
fbem-30123	174	13	2021	2021	NUM
fbem-30123	174	14	,	,	PUNCT
fbem-30123	174	15	indicating	indicate	VERB
fbem-30123	174	16	an	an	DET
fbem-30123	174	17	improvement	improvement	NOUN
fbem-30123	174	18	in	in	ADP
fbem-30123	174	19	milkground	milkground	PROPN
fbem-30123	174	20	's	's	PART
fbem-30123	174	21	liquidity	liquidity	NOUN
fbem-30123	174	22	.	.	PUNCT
fbem-30123	175	1	overall	overall	ADV
fbem-30123	175	2	,	,	PUNCT
fbem-30123	175	3	these	these	DET
fbem-30123	175	4	data	datum	NOUN
fbem-30123	175	5	suggest	suggest	VERB
fbem-30123	175	6	that	that	SCONJ
fbem-30123	175	7	milkground	milkground	PROPN
fbem-30123	175	8	's	's	PART
fbem-30123	175	9	capital	capital	NOUN
fbem-30123	175	10	utilization	utilization	NOUN
fbem-30123	175	11	efficiency	efficiency	NOUN
fbem-30123	175	12	remains	remain	VERB
fbem-30123	175	13	at	at	ADP
fbem-30123	175	14	a	a	DET
fbem-30123	175	15	relatively	relatively	ADV
fbem-30123	175	16	low	low	ADJ
fbem-30123	175	17	level	level	NOUN
fbem-30123	175	18	.	.	PUNCT
fbem-30123	176	1	the	the	DET
fbem-30123	176	2	low	low	ADJ
fbem-30123	176	3	capital	capital	NOUN
fbem-30123	176	4	utilization	utilization	NOUN
fbem-30123	176	5	rate	rate	NOUN
fbem-30123	176	6	may	may	AUX
fbem-30123	176	7	be	be	AUX
fbem-30123	176	8	attributed	attribute	VERB
fbem-30123	176	9	to	to	ADP
fbem-30123	176	10	the	the	DET
fbem-30123	176	11	company	company	NOUN
fbem-30123	176	12	's	's	PART
fbem-30123	176	13	financial	financial	ADJ
fbem-30123	176	14	policy	policy	NOUN
fbem-30123	176	15	decisions	decision	NOUN
fbem-30123	176	16	,	,	PUNCT
fbem-30123	176	17	which	which	PRON
fbem-30123	176	18	have	have	AUX
fbem-30123	176	19	led	lead	VERB
fbem-30123	176	20	to	to	ADP
fbem-30123	176	21	capital	capital	NOUN
fbem-30123	176	22	being	be	AUX
fbem-30123	176	23	tied	tie	VERB
fbem-30123	176	24	up	up	ADP
fbem-30123	176	25	rather	rather	ADV
fbem-30123	176	26	than	than	ADP
fbem-30123	176	27	fully	fully	ADV
fbem-30123	176	28	utilized	utilize	VERB
fbem-30123	176	29	to	to	PART
fbem-30123	176	30	generate	generate	VERB
fbem-30123	176	31	value	value	NOUN
fbem-30123	176	32	.	.	PUNCT
fbem-30123	177	1	table	table	NOUN
fbem-30123	177	2	11	11	NUM
fbem-30123	177	3	.	.	PUNCT
fbem-30123	178	1	capital	capital	NOUN
fbem-30123	178	2	utilization	utilization	NOUN
fbem-30123	178	3	quality	quality	NOUN
fbem-30123	178	4	indicators	indicator	NOUN
fbem-30123	178	5	year	year	VERB
fbem-30123	178	6	total	total	ADJ
fbem-30123	178	7	asset	asset	NOUN
fbem-30123	178	8	turnover	turnover	NOUN
fbem-30123	178	9	current	current	ADJ
fbem-30123	178	10	asset	asset	NOUN
fbem-30123	178	11	turnover	turnover	NOUN
fbem-30123	178	12	debt	debt	NOUN
fbem-30123	178	13	-	-	PUNCT
fbem-30123	178	14	toasset	toasset	NOUN
fbem-30123	178	15	ratio	ratio	NOUN
fbem-30123	178	16	equity	equity	NOUN
fbem-30123	178	17	multiplier	multipli	ADJ
fbem-30123	178	18	2016	2016	NUM
fbem-30123	178	19	0.27	0.27	NUM
fbem-30123	178	20	0.62	0.62	NUM
fbem-30123	178	21	46.57	46.57	NUM
fbem-30123	178	22	%	%	NOUN
fbem-30123	178	23	1.87	1.87	NUM
fbem-30123	178	24	2017	2017	NUM
fbem-30123	178	25	0.41	0.41	NUM
fbem-30123	178	26	0.93	0.93	NUM
fbem-30123	178	27	55.64	55.64	NUM
fbem-30123	178	28	%	%	NOUN
fbem-30123	178	29	2.25	2.25	NUM
fbem-30123	178	30	2018	2018	NUM
fbem-30123	178	31	0.46	0.46	NUM
fbem-30123	178	32	1.07	1.07	NUM
fbem-30123	178	33	54.71	54.71	NUM
fbem-30123	178	34	%	%	NOUN
fbem-30123	178	35	2.21	2.21	NUM
fbem-30123	178	36	2019	2019	NUM
fbem-30123	178	37	0.68	0.68	NUM
fbem-30123	178	38	1.69	1.69	NUM
fbem-30123	178	39	48.19	48.19	NUM
fbem-30123	178	40	%	%	NOUN
fbem-30123	178	41	1.93	1.93	NUM
fbem-30123	178	42	2020	2020	NUM
fbem-30123	178	43	1.03	1.03	NUM
fbem-30123	178	44	2.77	2.77	NUM
fbem-30123	178	45	40.73	40.73	NUM
fbem-30123	178	46	%	%	NOUN
fbem-30123	178	47	1.69	1.69	NUM
fbem-30123	178	48	2021	2021	NUM
fbem-30123	178	49	0.91	0.91	NUM
fbem-30123	178	50	1.77	1.77	NUM
fbem-30123	178	51	26.74	26.74	NUM
fbem-30123	178	52	%	%	NOUN
fbem-30123	178	53	1.36	1.36	NUM
fbem-30123	178	54	2022	2022	NUM
fbem-30123	178	55	0.68	0.68	NUM
fbem-30123	178	56	1.17	1.17	NUM
fbem-30123	178	57	34.43	34.43	NUM
fbem-30123	178	58	%	%	NOUN
fbem-30123	178	59	1.53	1.53	NUM
fbem-30123	178	60	4.2	4.2	NUM
fbem-30123	178	61	.	.	PUNCT
fbem-30123	178	62	problems	problem	NOUN
fbem-30123	178	63	in	in	ADP
fbem-30123	178	64	the	the	DET
fbem-30123	178	65	process	process	NOUN
fbem-30123	178	66	of	of	ADP
fbem-30123	178	67	achieving	achieve	VERB
fbem-30123	178	68	sustainable	sustainable	ADJ
fbem-30123	178	69	growth	growth	NOUN
fbem-30123	178	70	4.2.1	4.2.1	NUM
fbem-30123	178	71	.	.	PUNCT
fbem-30123	178	72	decline	decline	VERB
fbem-30123	178	73	in	in	ADP
fbem-30123	178	74	profit	profit	NOUN
fbem-30123	178	75	margin	margin	NOUN
fbem-30123	178	76	table	table	NOUN
fbem-30123	178	77	12	12	NUM
fbem-30123	178	78	.	.	PUNCT
fbem-30123	179	1	main	main	ADJ
fbem-30123	179	2	business	business	NOUN
fbem-30123	179	3	overview	overview	NOUN
fbem-30123	179	4	(	(	PUNCT
fbem-30123	179	5	thousand	thousand	NUM
fbem-30123	179	6	yuan	yuan	NOUN
fbem-30123	179	7	)	)	PUNCT
fbem-30123	179	8	year	year	NOUN
fbem-30123	179	9	category	category	NOUN
fbem-30123	179	10	cheese	cheese	NOUN
fbem-30123	179	11	trade	trade	NOUN
fbem-30123	179	12	product	product	NOUN
fbem-30123	179	13	liquid	liquid	NOUN
fbem-30123	179	14	milk	milk	NOUN
fbem-30123	179	15	total	total	NOUN
fbem-30123	179	16	2022	2022	NUM
fbem-30123	179	17	revenue	revenue	NOUN
fbem-30123	179	18	386,872	386,872	NUM
fbem-30123	179	19	59,997	59,997	NUM
fbem-30123	179	20	34,889	34,889	NUM
fbem-30123	179	21	481,759	481,759	NUM
fbem-30123	179	22	proportion	proportion	NOUN
fbem-30123	179	23	80.30	80.30	NUM
fbem-30123	179	24	%	%	NOUN
fbem-30123	179	25	12.45	12.45	NUM
fbem-30123	179	26	%	%	NOUN
fbem-30123	179	27	7.24	7.24	NUM
fbem-30123	179	28	%	%	NOUN
fbem-30123	179	29	100.00	100.00	NUM
fbem-30123	179	30	%	%	NOUN
fbem-30123	179	31	gross	gross	ADJ
fbem-30123	179	32	profit	profit	NOUN
fbem-30123	179	33	157,579	157,579	NUM
fbem-30123	179	34	3,661	3,661	NUM
fbem-30123	179	35	3,003	3,003	NUM
fbem-30123	179	36	164,244	164,244	NUM
fbem-30123	179	37	proportion	proportion	NOUN
fbem-30123	179	38	95.94	95.94	NUM
fbem-30123	179	39	%	%	NOUN
fbem-30123	179	40	2.23	2.23	NUM
fbem-30123	179	41	%	%	NOUN
fbem-30123	179	42	1.83	1.83	NUM
fbem-30123	179	43	%	%	NOUN
fbem-30123	179	44	100.00	100.00	NUM
fbem-30123	179	45	%	%	NOUN
fbem-30123	179	46	gross	gross	ADJ
fbem-30123	179	47	profit	profit	NOUN
fbem-30123	179	48	margin	margin	NOUN
fbem-30123	179	49	40.73	40.73	NUM
fbem-30123	179	50	%	%	NOUN
fbem-30123	179	51	6.10	6.10	NUM
fbem-30123	179	52	%	%	NOUN
fbem-30123	179	53	8.61	8.61	NUM
fbem-30123	179	54	%	%	NOUN
fbem-30123	179	55	34.09	34.09	NUM
fbem-30123	179	56	%	%	NOUN
fbem-30123	179	57	2021	2021	NUM
fbem-30123	179	58	revenue	revenue	NOUN
fbem-30123	179	59	333,487	333,487	NUM
fbem-30123	179	60	70,399	70,399	NUM
fbem-30123	179	61	43,000	43,000	NUM
fbem-30123	179	62	446,887	446,887	NUM
fbem-30123	179	63	proportion	proportion	NOUN
fbem-30123	179	64	74.62	74.62	NUM
fbem-30123	179	65	%	%	NOUN
fbem-30123	179	66	15.75	15.75	NUM
fbem-30123	179	67	%	%	NOUN
fbem-30123	179	68	9.62	9.62	NUM
fbem-30123	179	69	%	%	NOUN
fbem-30123	179	70	100.00	100.00	NUM
fbem-30123	179	71	%	%	NOUN
fbem-30123	179	72	gross	gross	ADJ
fbem-30123	179	73	profit	profit	NOUN
fbem-30123	179	74	161,780	161,780	NUM
fbem-30123	179	75	2,744	2,744	NUM
fbem-30123	179	76	5,903	5,903	NUM
fbem-30123	179	77	170,427	170,427	NUM
fbem-30123	179	78	proportion	proportion	NOUN
fbem-30123	179	79	94.93	94.93	NUM
fbem-30123	179	80	%	%	NOUN
fbem-30123	179	81	1.61	1.61	NUM
fbem-30123	179	82	%	%	NOUN
fbem-30123	179	83	3.46	3.46	NUM
fbem-30123	179	84	%	%	NOUN
fbem-30123	179	85	100.00	100.00	NUM
fbem-30123	179	86	%	%	NOUN
fbem-30123	179	87	gross	gross	ADJ
fbem-30123	179	88	profit	profit	NOUN
fbem-30123	179	89	margin	margin	NOUN
fbem-30123	179	90	48.51	48.51	NUM
fbem-30123	179	91	%	%	NOUN
fbem-30123	179	92	3.90	3.90	NUM
fbem-30123	179	93	%	%	NOUN
fbem-30123	179	94	13.73	13.73	NUM
fbem-30123	179	95	%	%	NOUN
fbem-30123	179	96	38.14	38.14	NUM
fbem-30123	179	97	%	%	NOUN
fbem-30123	179	98	table	table	NOUN
fbem-30123	179	99	13	13	NUM
fbem-30123	179	100	.	.	PUNCT
fbem-30123	180	1	main	main	ADJ
fbem-30123	180	2	business	business	NOUN
fbem-30123	180	3	changes	change	NOUN
fbem-30123	180	4	category	category	NOUN
fbem-30123	180	5	cheese	cheese	NOUN
fbem-30123	180	6	trade	trade	NOUN
fbem-30123	180	7	products	product	NOUN
fbem-30123	180	8	liquid	liquid	ADJ
fbem-30123	180	9	milk	milk	NOUN
fbem-30123	180	10	total	total	NOUN
fbem-30123	180	11	revenue	revenue	NOUN
fbem-30123	180	12	change	change	NOUN
fbem-30123	180	13	16.01	16.01	NUM
fbem-30123	180	14	%	%	NOUN
fbem-30123	180	15	-14.78	-14.78	INTJ
fbem-30123	180	16	%	%	NOUN
fbem-30123	180	17	-18.86	-18.86	NOUN
fbem-30123	180	18	%	%	NOUN
fbem-30123	180	19	7.80	7.80	NUM
fbem-30123	180	20	%	%	NOUN
fbem-30123	180	21	gross	gross	ADJ
fbem-30123	180	22	profit	profit	NOUN
fbem-30123	180	23	margin	margin	NOUN
fbem-30123	180	24	change	change	NOUN
fbem-30123	180	25	decreased	decrease	VERB
fbem-30123	180	26	by	by	ADP
fbem-30123	180	27	7.78	7.78	NUM
fbem-30123	180	28	%	%	NOUN
fbem-30123	180	29	increased	increase	VERB
fbem-30123	180	30	by	by	ADP
fbem-30123	180	31	2.20	2.20	NUM
fbem-30123	180	32	%	%	NOUN
fbem-30123	180	33	decreased	decrease	VERB
fbem-30123	180	34	by	by	ADP
fbem-30123	180	35	5.12	5.12	NUM
fbem-30123	180	36	%	%	NOUN
fbem-30123	180	37	decreased	decrease	VERB
fbem-30123	180	38	by	by	ADP
fbem-30123	180	39	4.04	4.04	NUM
fbem-30123	180	40	%	%	NOUN
fbem-30123	180	41	cheese	cheese	NOUN
fbem-30123	180	42	products	product	NOUN
fbem-30123	180	43	are	be	AUX
fbem-30123	180	44	the	the	DET
fbem-30123	180	45	primary	primary	ADJ
fbem-30123	180	46	source	source	NOUN
fbem-30123	180	47	of	of	ADP
fbem-30123	180	48	revenue	revenue	NOUN
fbem-30123	180	49	for	for	ADP
fbem-30123	180	50	milkground	milkground	NOUN
fbem-30123	180	51	.	.	PUNCT
fbem-30123	181	1	however	however	ADV
fbem-30123	181	2	,	,	PUNCT
fbem-30123	181	3	in	in	ADP
fbem-30123	181	4	2022	2022	NUM
fbem-30123	181	5	,	,	PUNCT
fbem-30123	181	6	the	the	DET
fbem-30123	181	7	gross	gross	ADJ
fbem-30123	181	8	profit	profit	NOUN
fbem-30123	181	9	margin	margin	NOUN
fbem-30123	181	10	of	of	ADP
fbem-30123	181	11	cheese	cheese	NOUN
fbem-30123	181	12	products	product	NOUN
fbem-30123	181	13	decreased	decrease	VERB
fbem-30123	181	14	by	by	ADP
fbem-30123	181	15	7.78	7.78	NUM
fbem-30123	181	16	percentage	percentage	NOUN
fbem-30123	181	17	points	point	NOUN
fbem-30123	181	18	year	year	NOUN
fbem-30123	181	19	-	-	PUNCT
fbem-30123	181	20	onyear	onyear	NOUN
fbem-30123	181	21	to	to	ADP
fbem-30123	181	22	40.73	40.73	NUM
fbem-30123	181	23	%	%	NOUN
fbem-30123	181	24	,	,	PUNCT
fbem-30123	181	25	significantly	significantly	ADV
fbem-30123	181	26	impacting	impact	VERB
fbem-30123	181	27	milkground	milkground	PROPN
fbem-30123	181	28	’s	’s	PART
fbem-30123	181	29	overall	overall	ADJ
fbem-30123	181	30	performance	performance	NOUN
fbem-30123	181	31	,	,	PUNCT
fbem-30123	181	32	particularly	particularly	ADV
fbem-30123	181	33	its	its	PRON
fbem-30123	181	34	net	net	ADJ
fbem-30123	181	35	profit	profit	NOUN
fbem-30123	181	36	.	.	PUNCT
fbem-30123	182	1	additionally	additionally	ADV
fbem-30123	182	2	,	,	PUNCT
fbem-30123	182	3	the	the	DET
fbem-30123	182	4	gross	gross	ADJ
fbem-30123	182	5	profit	profit	NOUN
fbem-30123	182	6	margin	margin	NOUN
fbem-30123	182	7	of	of	ADP
fbem-30123	182	8	liquid	liquid	ADJ
fbem-30123	182	9	milk	milk	NOUN
fbem-30123	182	10	also	also	ADV
fbem-30123	182	11	declined	decline	VERB
fbem-30123	182	12	by	by	ADP
fbem-30123	182	13	5.12	5.12	NUM
fbem-30123	182	14	percentage	percentage	NOUN
fbem-30123	182	15	points	point	NOUN
fbem-30123	182	16	year	year	NOUN
fbem-30123	182	17	-	-	PUNCT
fbem-30123	182	18	on	on	ADP
fbem-30123	182	19	-	-	PUNCT
fbem-30123	182	20	year	year	NOUN
fbem-30123	182	21	to	to	ADP
fbem-30123	182	22	8.61	8.61	NUM
fbem-30123	182	23	%	%	NOUN
fbem-30123	182	24	in	in	ADP
fbem-30123	182	25	2022	2022	NUM
fbem-30123	182	26	.	.	PUNCT
fbem-30123	183	1	although	although	SCONJ
fbem-30123	183	2	the	the	DET
fbem-30123	183	3	gross	gross	ADJ
fbem-30123	183	4	profit	profit	NOUN
fbem-30123	183	5	margin	margin	NOUN
fbem-30123	183	6	of	of	ADP
fbem-30123	183	7	trade	trade	NOUN
fbem-30123	183	8	products	product	NOUN
fbem-30123	183	9	increased	increase	VERB
fbem-30123	183	10	by	by	ADP
fbem-30123	183	11	2.2	2.2	NUM
fbem-30123	183	12	percentage	percentage	NOUN
fbem-30123	183	13	points	point	NOUN
fbem-30123	183	14	year	year	NOUN
fbem-30123	183	15	-	-	PUNCT
fbem-30123	183	16	on	on	ADP
fbem-30123	183	17	-	-	PUNCT
fbem-30123	183	18	year	year	NOUN
fbem-30123	183	19	to	to	ADP
fbem-30123	183	20	6.1	6.1	NUM
fbem-30123	183	21	%	%	NOUN
fbem-30123	183	22	,	,	PUNCT
fbem-30123	183	23	its	its	PRON
fbem-30123	183	24	relatively	relatively	ADV
fbem-30123	183	25	small	small	ADJ
fbem-30123	183	26	revenue	revenue	NOUN
fbem-30123	183	27	scale	scale	NOUN
fbem-30123	183	28	was	be	AUX
fbem-30123	183	29	insufficient	insufficient	ADJ
fbem-30123	183	30	to	to	PART
fbem-30123	183	31	offset	offset	VERB
fbem-30123	183	32	the	the	DET
fbem-30123	183	33	decline	decline	NOUN
fbem-30123	183	34	in	in	ADP
fbem-30123	183	35	the	the	DET
fbem-30123	183	36	gross	gross	ADJ
fbem-30123	183	37	profit	profit	NOUN
fbem-30123	183	38	margins	margin	NOUN
fbem-30123	183	39	of	of	ADP
fbem-30123	183	40	cheese	cheese	NOUN
fbem-30123	183	41	products	product	NOUN
fbem-30123	183	42	and	and	CCONJ
fbem-30123	183	43	liquid	liquid	ADJ
fbem-30123	183	44	milk	milk	NOUN
fbem-30123	183	45	.	.	PUNCT
fbem-30123	184	1	as	as	ADP
fbem-30123	184	2	a	a	DET
fbem-30123	184	3	result	result	NOUN
fbem-30123	184	4	,	,	PUNCT
fbem-30123	184	5	milkground	milkground	ADJ
fbem-30123	184	6	’s	’s	PART
fbem-30123	184	7	overall	overall	ADJ
fbem-30123	184	8	gross	gross	ADJ
fbem-30123	184	9	profit	profit	NOUN
fbem-30123	184	10	margin	margin	NOUN
fbem-30123	184	11	decreased	decrease	VERB
fbem-30123	184	12	by	by	ADP
fbem-30123	184	13	4.04	4.04	NUM
fbem-30123	184	14	percentage	percentage	NOUN
fbem-30123	184	15	points	point	NOUN
fbem-30123	184	16	year	year	NOUN
fbem-30123	184	17	-	-	PUNCT
fbem-30123	184	18	on	on	ADP
fbem-30123	184	19	-	-	PUNCT
fbem-30123	184	20	year	year	NOUN
fbem-30123	184	21	to	to	ADP
fbem-30123	184	22	34.09	34.09	NUM
fbem-30123	184	23	%	%	NOUN
fbem-30123	184	24	in	in	ADP
fbem-30123	184	25	2022	2022	NUM
fbem-30123	184	26	.	.	PUNCT
fbem-30123	185	1	as	as	ADP
fbem-30123	185	2	an	an	DET
fbem-30123	185	3	emerging	emerge	VERB
fbem-30123	185	4	category	category	NOUN
fbem-30123	185	5	in	in	ADP
fbem-30123	185	6	the	the	DET
fbem-30123	185	7	dairy	dairy	NOUN
fbem-30123	185	8	industry	industry	NOUN
fbem-30123	185	9	,	,	PUNCT
fbem-30123	185	10	the	the	DET
fbem-30123	185	11	market	market	NOUN
fbem-30123	185	12	demand	demand	NOUN
fbem-30123	185	13	for	for	ADP
fbem-30123	185	14	cheese	cheese	NOUN
fbem-30123	185	15	is	be	AUX
fbem-30123	185	16	still	still	ADV
fbem-30123	185	17	in	in	ADP
fbem-30123	185	18	the	the	DET
fbem-30123	185	19	growth	growth	NOUN
fbem-30123	185	20	and	and	CCONJ
fbem-30123	185	21	cultivation	cultivation	NOUN
fbem-30123	185	22	stage	stage	NOUN
fbem-30123	185	23	.	.	PUNCT
fbem-30123	186	1	although	although	SCONJ
fbem-30123	186	2	milkground	milkground	NOUN
fbem-30123	186	3	has	have	AUX
fbem-30123	186	4	expanded	expand	VERB
fbem-30123	186	5	its	its	PRON
fbem-30123	186	6	market	market	NOUN
fbem-30123	186	7	through	through	ADP
fbem-30123	186	8	marketing	marketing	NOUN
fbem-30123	186	9	strategies	strategy	NOUN
fbem-30123	186	10	,	,	PUNCT
fbem-30123	186	11	a	a	DET
fbem-30123	186	12	stable	stable	ADJ
fbem-30123	186	13	consumption	consumption	NOUN
fbem-30123	186	14	demand	demand	NOUN
fbem-30123	186	15	has	have	VERB
fbem-30123	186	16	yet	yet	ADV
fbem-30123	186	17	to	to	PART
fbem-30123	186	18	be	be	AUX
fbem-30123	186	19	established	establish	VERB
fbem-30123	186	20	.	.	PUNCT
fbem-30123	187	1	additionally	additionally	ADV
fbem-30123	187	2	,	,	PUNCT
fbem-30123	187	3	the	the	DET
fbem-30123	187	4	negative	negative	ADJ
fbem-30123	187	5	impact	impact	NOUN
fbem-30123	187	6	of	of	ADP
fbem-30123	187	7	the	the	DET
fbem-30123	187	8	pandemic	pandemic	NOUN
fbem-30123	187	9	on	on	ADP
fbem-30123	187	10	consumption	consumption	NOUN
fbem-30123	187	11	further	far	ADV
fbem-30123	187	12	affected	affect	VERB
fbem-30123	187	13	its	its	PRON
fbem-30123	187	14	profitability	profitability	NOUN
fbem-30123	187	15	.	.	PUNCT
fbem-30123	188	1	however	however	ADV
fbem-30123	188	2	,	,	PUNCT
fbem-30123	188	3	the	the	DET
fbem-30123	188	4	decline	decline	NOUN
fbem-30123	188	5	in	in	ADP
fbem-30123	188	6	profits	profit	NOUN
fbem-30123	188	7	is	be	AUX
fbem-30123	188	8	not	not	PART
fbem-30123	188	9	yet	yet	ADV
fbem-30123	188	10	a	a	DET
fbem-30123	188	11	major	major	ADJ
fbem-30123	188	12	concern	concern	NOUN
fbem-30123	188	13	.	.	PUNCT
fbem-30123	189	1	nonetheless	nonetheless	ADV
fbem-30123	189	2	,	,	PUNCT
fbem-30123	189	3	the	the	DET
fbem-30123	189	4	decrease	decrease	NOUN
fbem-30123	189	5	in	in	ADP
fbem-30123	189	6	gross	gross	ADJ
fbem-30123	189	7	profit	profit	NOUN
fbem-30123	189	8	margin	margin	NOUN
fbem-30123	189	9	indicates	indicate	VERB
fbem-30123	189	10	a	a	DET
fbem-30123	189	11	shrinking	shrink	VERB
fbem-30123	189	12	profit	profit	NOUN
fbem-30123	189	13	margin	margin	NOUN
fbem-30123	189	14	for	for	ADP
fbem-30123	189	15	products	product	NOUN
fbem-30123	189	16	,	,	PUNCT
fbem-30123	189	17	which	which	PRON
fbem-30123	189	18	could	could	AUX
fbem-30123	189	19	negatively	negatively	ADV
fbem-30123	189	20	affect	affect	VERB
fbem-30123	189	21	the	the	DET
fbem-30123	189	22	company	company	NOUN
fbem-30123	189	23	's	's	PART
fbem-30123	189	24	long	long	ADJ
fbem-30123	189	25	-	-	PUNCT
fbem-30123	189	26	term	term	NOUN
fbem-30123	189	27	profitability	profitability	NOUN
fbem-30123	189	28	.	.	PUNCT
fbem-30123	190	1	4.2.2	4.2.2	X
fbem-30123	190	2	.	.	PUNCT
fbem-30123	190	3	high	high	ADJ
fbem-30123	190	4	marketing	marketing	NOUN
fbem-30123	190	5	expenses	expense	NOUN
fbem-30123	190	6	before	before	ADP
fbem-30123	190	7	2018	2018	NUM
fbem-30123	190	8	,	,	PUNCT
fbem-30123	190	9	china	china	PROPN
fbem-30123	190	10	's	's	PART
fbem-30123	190	11	cheese	cheese	NOUN
fbem-30123	190	12	market	market	NOUN
fbem-30123	190	13	was	be	AUX
fbem-30123	190	14	dominated	dominate	VERB
fbem-30123	190	15	by	by	ADP
fbem-30123	190	16	foreign	foreign	ADJ
fbem-30123	190	17	brands	brand	NOUN
fbem-30123	190	18	,	,	PUNCT
fbem-30123	190	19	and	and	CCONJ
fbem-30123	190	20	milkground	milkground	ADV
fbem-30123	190	21	posed	pose	VERB
fbem-30123	190	22	little	little	ADJ
fbem-30123	190	23	competition	competition	NOUN
fbem-30123	190	24	.	.	PUNCT
fbem-30123	191	1	however	however	ADV
fbem-30123	191	2	,	,	PUNCT
fbem-30123	191	3	through	through	ADP
fbem-30123	191	4	aggressive	aggressive	ADJ
fbem-30123	191	5	marketing	marketing	NOUN
fbem-30123	191	6	,	,	PUNCT
fbem-30123	191	7	the	the	DET
fbem-30123	191	8	company	company	NOUN
fbem-30123	191	9	quickly	quickly	ADV
fbem-30123	191	10	expanded	expand	VERB
fbem-30123	191	11	its	its	PRON
fbem-30123	191	12	presence	presence	NOUN
fbem-30123	191	13	.	.	PUNCT
fbem-30123	192	1	by	by	ADP
fbem-30123	192	2	2021	2021	NUM
fbem-30123	192	3	,	,	PUNCT
fbem-30123	192	4	it	it	PRON
fbem-30123	192	5	held	hold	VERB
fbem-30123	192	6	a	a	DET
fbem-30123	192	7	27.7	27.7	NUM
fbem-30123	192	8	%	%	NOUN
fbem-30123	192	9	market	market	NOUN
fbem-30123	192	10	share	share	NOUN
fbem-30123	192	11	,	,	PUNCT
fbem-30123	192	12	ranking	rank	VERB
fbem-30123	192	13	first	first	ADV
fbem-30123	192	14	among	among	ADP
fbem-30123	192	15	domestic	domestic	ADJ
fbem-30123	192	16	cheese	cheese	NOUN
fbem-30123	192	17	brands	brand	NOUN
fbem-30123	192	18	.	.	PUNCT
fbem-30123	193	1	this	this	DET
fbem-30123	193	2	growth	growth	NOUN
fbem-30123	193	3	was	be	AUX
fbem-30123	193	4	driven	drive	VERB
fbem-30123	193	5	by	by	ADP
fbem-30123	193	6	soaring	soar	VERB
fbem-30123	193	7	sales	sale	NOUN
fbem-30123	193	8	expenses	expense	NOUN
fbem-30123	193	9	,	,	PUNCT
fbem-30123	193	10	which	which	PRON
fbem-30123	193	11	rose	rise	VERB
fbem-30123	193	12	from	from	ADP
fbem-30123	193	13	1.255	1.255	NUM
fbem-30123	193	14	billion	billion	NUM
fbem-30123	193	15	yuan	yuan	NOUN
fbem-30123	193	16	in	in	ADP
fbem-30123	193	17	2017	2017	NUM
fbem-30123	193	18	(	(	PUNCT
fbem-30123	193	19	12.78	12.78	NUM
fbem-30123	193	20	%	%	NOUN
fbem-30123	193	21	of	of	ADP
fbem-30123	193	22	revenue	revenue	NOUN
fbem-30123	193	23	)	)	PUNCT
fbem-30123	193	24	to	to	ADP
fbem-30123	193	25	11.59	11.59	NUM
fbem-30123	193	26	billion	billion	NUM
fbem-30123	193	27	yuan	yuan	NOUN
fbem-30123	193	28	in	in	ADP
fbem-30123	193	29	2021	2021	NUM
fbem-30123	193	30	(	(	PUNCT
fbem-30123	193	31	25.88	25.88	NUM
fbem-30123	193	32	%	%	NOUN
fbem-30123	193	33	)	)	PUNCT
fbem-30123	193	34	.	.	PUNCT
fbem-30123	194	1	over	over	ADP
fbem-30123	194	2	five	five	NUM
fbem-30123	194	3	years	year	NOUN
fbem-30123	194	4	,	,	PUNCT
fbem-30123	194	5	sales	sale	NOUN
fbem-30123	194	6	230	230	NUM
fbem-30123	194	7	expenses	expense	NOUN
fbem-30123	194	8	increased	increase	VERB
fbem-30123	194	9	more	more	ADV
fbem-30123	194	10	than	than	ADP
fbem-30123	194	11	ninefold	ninefold	ADV
fbem-30123	194	12	,	,	PUNCT
fbem-30123	194	13	totaling	total	VERB
fbem-30123	194	14	24.34	24.34	NUM
fbem-30123	194	15	billion	billion	NUM
fbem-30123	194	16	yuan	yuan	NOUN
fbem-30123	194	17	from	from	ADP
fbem-30123	194	18	2018	2018	NUM
fbem-30123	194	19	to	to	ADP
fbem-30123	194	20	2021	2021	NUM
fbem-30123	194	21	,	,	PUNCT
fbem-30123	194	22	with	with	ADP
fbem-30123	194	23	annual	annual	ADJ
fbem-30123	194	24	growth	growth	NOUN
fbem-30123	194	25	exceeding	exceed	VERB
fbem-30123	194	26	30	30	NUM
fbem-30123	194	27	%	%	NOUN
fbem-30123	194	28	except	except	SCONJ
fbem-30123	194	29	in	in	ADP
fbem-30123	194	30	2019	2019	NUM
fbem-30123	194	31	.	.	PUNCT
fbem-30123	195	1	from	from	ADP
fbem-30123	195	2	2018	2018	NUM
fbem-30123	195	3	to	to	ADP
fbem-30123	195	4	2021	2021	NUM
fbem-30123	195	5	,	,	PUNCT
fbem-30123	195	6	milkground	milkground	PROPN
fbem-30123	195	7	’s	’s	PART
fbem-30123	195	8	revenue	revenue	NOUN
fbem-30123	195	9	grew	grow	VERB
fbem-30123	195	10	at	at	ADP
fbem-30123	195	11	a	a	DET
fbem-30123	195	12	high	high	ADJ
fbem-30123	195	13	rate	rate	NOUN
fbem-30123	195	14	,	,	PUNCT
fbem-30123	195	15	while	while	SCONJ
fbem-30123	195	16	net	net	ADJ
fbem-30123	195	17	profit	profit	NOUN
fbem-30123	195	18	surged	surge	VERB
fbem-30123	195	19	significantly	significantly	ADV
fbem-30123	195	20	.	.	PUNCT
fbem-30123	196	1	however	however	ADV
fbem-30123	196	2	,	,	PUNCT
fbem-30123	196	3	in	in	ADP
fbem-30123	196	4	2022	2022	NUM
fbem-30123	196	5	,	,	PUNCT
fbem-30123	196	6	sales	sale	NOUN
fbem-30123	196	7	expenses	expense	NOUN
fbem-30123	196	8	increased	increase	VERB
fbem-30123	196	9	only	only	ADV
fbem-30123	196	10	5.21	5.21	NUM
fbem-30123	196	11	%	%	NOUN
fbem-30123	196	12	to	to	ADP
fbem-30123	196	13	12.19	12.19	NUM
fbem-30123	196	14	billion	billion	NUM
fbem-30123	196	15	yuan	yuan	NOUN
fbem-30123	196	16	,	,	PUNCT
fbem-30123	196	17	while	while	SCONJ
fbem-30123	196	18	revenue	revenue	NOUN
fbem-30123	196	19	and	and	CCONJ
fbem-30123	196	20	net	net	ADJ
fbem-30123	196	21	profit	profit	NOUN
fbem-30123	196	22	growth	growth	NOUN
fbem-30123	196	23	slowed	slow	VERB
fbem-30123	196	24	to	to	ADP
fbem-30123	196	25	7.84	7.84	NUM
fbem-30123	196	26	%	%	NOUN
fbem-30123	196	27	and	and	CCONJ
fbem-30123	196	28	12.32	12.32	NUM
fbem-30123	196	29	%	%	NOUN
fbem-30123	196	30	,	,	PUNCT
fbem-30123	196	31	respectively	respectively	ADV
fbem-30123	196	32	.	.	PUNCT
fbem-30123	197	1	the	the	DET
fbem-30123	197	2	decline	decline	NOUN
fbem-30123	197	3	in	in	ADP
fbem-30123	197	4	sales	sale	NOUN
fbem-30123	197	5	investment	investment	NOUN
fbem-30123	197	6	directly	directly	ADV
fbem-30123	197	7	impacted	impact	VERB
fbem-30123	197	8	milkground	milkground	PROPN
fbem-30123	197	9	’s	’s	PART
fbem-30123	197	10	performance	performance	NOUN
fbem-30123	197	11	.	.	PUNCT
fbem-30123	198	1	high	high	ADJ
fbem-30123	198	2	sales	sale	NOUN
fbem-30123	198	3	and	and	CCONJ
fbem-30123	198	4	operational	operational	ADJ
fbem-30123	198	5	costs	cost	NOUN
fbem-30123	198	6	have	have	AUX
fbem-30123	198	7	squeezed	squeeze	VERB
fbem-30123	198	8	profit	profit	NOUN
fbem-30123	198	9	margins	margin	NOUN
fbem-30123	198	10	,	,	PUNCT
fbem-30123	198	11	reduced	reduce	VERB
fbem-30123	198	12	available	available	ADJ
fbem-30123	198	13	funds	fund	NOUN
fbem-30123	198	14	,	,	PUNCT
fbem-30123	198	15	and	and	CCONJ
fbem-30123	198	16	lowered	lower	VERB
fbem-30123	198	17	capital	capital	NOUN
fbem-30123	198	18	efficiency	efficiency	NOUN
fbem-30123	198	19	.	.	PUNCT
fbem-30123	199	1	table	table	NOUN
fbem-30123	199	2	14	14	NUM
fbem-30123	199	3	.	.	PUNCT
fbem-30123	200	1	sales	sale	NOUN
fbem-30123	200	2	expense	expense	NOUN
fbem-30123	200	3	table	table	NOUN
fbem-30123	200	4	year	year	NOUN
fbem-30123	200	5	sales	sale	NOUN
fbem-30123	200	6	expenses	expense	NOUN
fbem-30123	200	7	(	(	PUNCT
fbem-30123	200	8	billion	billion	NUM
fbem-30123	200	9	yuan	yuan	NOUN
fbem-30123	200	10	)	)	PUNCT
fbem-30123	200	11	sales	sale	NOUN
fbem-30123	200	12	expense	expense	NOUN
fbem-30123	200	13	ratio	ratio	NOUN
fbem-30123	200	14	2016	2016	NUM
fbem-30123	200	15	0.37	0.37	NUM
fbem-30123	200	16	7.23	7.23	NUM
fbem-30123	200	17	%	%	NOUN
fbem-30123	200	18	2017	2017	NUM
fbem-30123	200	19	1.225	1.225	NUM
fbem-30123	200	20	12.78	12.78	NUM
fbem-30123	200	21	%	%	NOUN
fbem-30123	200	22	2018	2018	NUM
fbem-30123	200	23	2.052	2.052	NUM
fbem-30123	200	24	16.74	16.74	NUM
fbem-30123	200	25	%	%	NOUN
fbem-30123	200	26	2019	2019	NUM
fbem-30123	200	27	3.593	3.593	NUM
fbem-30123	200	28	20.60	20.60	NUM
fbem-30123	200	29	%	%	NOUN
fbem-30123	200	30	2020	2020	NUM
fbem-30123	200	31	7.105	7.105	NUM
fbem-30123	200	32	24.96	24.96	NUM
fbem-30123	200	33	%	%	NOUN
fbem-30123	200	34	2021	2021	NUM
fbem-30123	200	35	11.586	11.586	NUM
fbem-30123	200	36	25.88	25.88	NUM
fbem-30123	200	37	%	%	NOUN
fbem-30123	200	38	2022	2022	NUM
fbem-30123	200	39	12.19	12.19	NUM
fbem-30123	200	40	25.24	25.24	NUM
fbem-30123	200	41	%	%	NOUN
fbem-30123	200	42	5	5	NUM
fbem-30123	200	43	.	.	PUNCT
fbem-30123	200	44	policy	policy	NOUN
fbem-30123	200	45	recommendations	recommendation	NOUN
fbem-30123	200	46	5.1	5.1	NUM
fbem-30123	200	47	.	.	PUNCT
fbem-30123	201	1	secure	secure	ADJ
fbem-30123	201	2	pricing	pricing	NOUN
fbem-30123	201	3	and	and	CCONJ
fbem-30123	201	4	procurement	procurement	NOUN
fbem-30123	201	5	volumes	volume	NOUN
fbem-30123	201	6	through	through	ADP
fbem-30123	201	7	advance	advance	NOUN
fbem-30123	201	8	purchasing	purchasing	NOUN
fbem-30123	201	9	as	as	ADP
fbem-30123	201	10	milkground	milkground	ADJ
fbem-30123	201	11	relies	rely	VERB
fbem-30123	201	12	heavily	heavily	ADV
fbem-30123	201	13	on	on	ADP
fbem-30123	201	14	imported	import	VERB
fbem-30123	201	15	cheese	cheese	NOUN
fbem-30123	201	16	raw	raw	ADJ
fbem-30123	201	17	materials	material	NOUN
fbem-30123	201	18	,	,	PUNCT
fbem-30123	201	19	fluctuations	fluctuation	NOUN
fbem-30123	201	20	in	in	ADP
fbem-30123	201	21	global	global	ADJ
fbem-30123	201	22	commodity	commodity	NOUN
fbem-30123	201	23	prices	price	NOUN
fbem-30123	201	24	directly	directly	ADV
fbem-30123	201	25	impact	impact	VERB
fbem-30123	201	26	its	its	PRON
fbem-30123	201	27	profitability	profitability	NOUN
fbem-30123	201	28	and	and	CCONJ
fbem-30123	201	29	cash	cash	NOUN
fbem-30123	201	30	flow	flow	NOUN
fbem-30123	201	31	.	.	PUNCT
fbem-30123	202	1	geopolitical	geopolitical	ADJ
fbem-30123	202	2	tensions	tension	NOUN
fbem-30123	202	3	,	,	PUNCT
fbem-30123	202	4	trade	trade	NOUN
fbem-30123	202	5	disputes	dispute	NOUN
fbem-30123	202	6	,	,	PUNCT
fbem-30123	202	7	or	or	CCONJ
fbem-30123	202	8	supply	supply	NOUN
fbem-30123	202	9	chain	chain	NOUN
fbem-30123	202	10	disruptions	disruption	NOUN
fbem-30123	202	11	could	could	AUX
fbem-30123	202	12	further	far	ADV
fbem-30123	202	13	exacerbate	exacerbate	VERB
fbem-30123	202	14	price	price	NOUN
fbem-30123	202	15	volatility	volatility	NOUN
fbem-30123	202	16	or	or	CCONJ
fbem-30123	202	17	shortages	shortage	NOUN
fbem-30123	202	18	.	.	PUNCT
fbem-30123	203	1	to	to	PART
fbem-30123	203	2	mitigate	mitigate	VERB
fbem-30123	203	3	these	these	DET
fbem-30123	203	4	risks	risk	NOUN
fbem-30123	203	5	,	,	PUNCT
fbem-30123	203	6	milkground	milkground	ADV
fbem-30123	203	7	should	should	AUX
fbem-30123	203	8	:	:	PUNCT
fbem-30123	203	9	(	(	PUNCT
fbem-30123	203	10	1	1	X
fbem-30123	203	11	)	)	PUNCT
fbem-30123	203	12	establish	establish	VERB
fbem-30123	203	13	long	long	ADJ
fbem-30123	203	14	-	-	PUNCT
fbem-30123	203	15	term	term	NOUN
fbem-30123	203	16	partnerships	partnership	NOUN
fbem-30123	203	17	with	with	ADP
fbem-30123	203	18	key	key	ADJ
fbem-30123	203	19	suppliers	supplier	NOUN
fbem-30123	203	20	to	to	PART
fbem-30123	203	21	lock	lock	VERB
fbem-30123	203	22	in	in	ADP
fbem-30123	203	23	price	price	NOUN
fbem-30123	203	24	ceilings	ceiling	NOUN
fbem-30123	203	25	and	and	CCONJ
fbem-30123	203	26	procurement	procurement	NOUN
fbem-30123	203	27	volumes	volume	NOUN
fbem-30123	203	28	,	,	PUNCT
fbem-30123	203	29	ensuring	ensure	VERB
fbem-30123	203	30	stable	stable	ADJ
fbem-30123	203	31	costs	cost	NOUN
fbem-30123	203	32	and	and	CCONJ
fbem-30123	203	33	supply	supply	NOUN
fbem-30123	203	34	chain	chain	NOUN
fbem-30123	203	35	resilience	resilience	NOUN
fbem-30123	203	36	.	.	PUNCT
fbem-30123	204	1	(	(	PUNCT
fbem-30123	204	2	2	2	X
fbem-30123	204	3	)	)	PUNCT
fbem-30123	204	4	diversify	diversify	VERB
fbem-30123	204	5	its	its	PRON
fbem-30123	204	6	supply	supply	NOUN
fbem-30123	204	7	chain	chain	NOUN
fbem-30123	204	8	by	by	ADP
fbem-30123	204	9	sourcing	source	VERB
fbem-30123	204	10	from	from	ADP
fbem-30123	204	11	multiple	multiple	ADJ
fbem-30123	204	12	regions	region	NOUN
fbem-30123	204	13	and	and	CCONJ
fbem-30123	204	14	investing	invest	VERB
fbem-30123	204	15	in	in	ADP
fbem-30123	204	16	sustainable	sustainable	ADJ
fbem-30123	204	17	domestic	domestic	ADJ
fbem-30123	204	18	dairy	dairy	NOUN
fbem-30123	204	19	farms	farm	NOUN
fbem-30123	204	20	to	to	PART
fbem-30123	204	21	enhance	enhance	VERB
fbem-30123	204	22	raw	raw	ADJ
fbem-30123	204	23	material	material	NOUN
fbem-30123	204	24	security	security	NOUN
fbem-30123	204	25	.	.	PUNCT
fbem-30123	205	1	(	(	PUNCT
fbem-30123	205	2	3	3	X
fbem-30123	205	3	)	)	PUNCT
fbem-30123	205	4	hedge	hedge	NOUN
fbem-30123	205	5	against	against	ADP
fbem-30123	205	6	price	price	NOUN
fbem-30123	205	7	volatility	volatility	NOUN
fbem-30123	205	8	by	by	ADP
fbem-30123	205	9	aligning	align	VERB
fbem-30123	205	10	procurement	procurement	NOUN
fbem-30123	205	11	cycles	cycle	NOUN
fbem-30123	205	12	with	with	ADP
fbem-30123	205	13	sales	sale	NOUN
fbem-30123	205	14	contracts	contract	NOUN
fbem-30123	205	15	to	to	PART
fbem-30123	205	16	reduce	reduce	VERB
fbem-30123	205	17	operational	operational	ADJ
fbem-30123	205	18	risks	risk	NOUN
fbem-30123	205	19	during	during	ADP
fbem-30123	205	20	production	production	NOUN
fbem-30123	205	21	lead	lead	NOUN
fbem-30123	205	22	times	time	NOUN
fbem-30123	205	23	.	.	PUNCT
fbem-30123	206	1	5.2	5.2	NUM
fbem-30123	206	2	.	.	PUNCT
fbem-30123	206	3	diversify	diversify	NOUN
fbem-30123	206	4	product	product	NOUN
fbem-30123	206	5	portfolio	portfolio	NOUN
fbem-30123	206	6	and	and	CCONJ
fbem-30123	206	7	strengthen	strengthen	VERB
fbem-30123	206	8	market	market	NOUN
fbem-30123	206	9	leadership	leadership	NOUN
fbem-30123	206	10	while	while	SCONJ
fbem-30123	206	11	milkground	milkground	ADV
fbem-30123	206	12	has	have	AUX
fbem-30123	206	13	built	build	VERB
fbem-30123	206	14	brand	brand	NOUN
fbem-30123	206	15	recognition	recognition	NOUN
fbem-30123	206	16	as	as	ADP
fbem-30123	206	17	a	a	DET
fbem-30123	206	18	leader	leader	NOUN
fbem-30123	206	19	in	in	ADP
fbem-30123	206	20	processed	process	VERB
fbem-30123	206	21	cheese	cheese	NOUN
fbem-30123	206	22	(	(	PUNCT
fbem-30123	206	23	e.g.	e.g.	ADV
fbem-30123	206	24	,	,	PUNCT
fbem-30123	206	25	cheese	cheese	NOUN
fbem-30123	206	26	sticks	stick	NOUN
fbem-30123	206	27	targeting	target	VERB
fbem-30123	206	28	children	child	NOUN
fbem-30123	206	29	)	)	PUNCT
fbem-30123	206	30	,	,	PUNCT
fbem-30123	206	31	excessive	excessive	ADJ
fbem-30123	206	32	marketing	marketing	NOUN
fbem-30123	206	33	expenses	expense	NOUN
fbem-30123	206	34	have	have	VERB
fbem-30123	206	35	strained	strain	VERB
fbem-30123	206	36	capital	capital	NOUN
fbem-30123	206	37	efficiency	efficiency	NOUN
fbem-30123	206	38	.	.	PUNCT
fbem-30123	207	1	to	to	PART
fbem-30123	207	2	consolidate	consolidate	VERB
fbem-30123	207	3	its	its	PRON
fbem-30123	207	4	competitive	competitive	ADJ
fbem-30123	207	5	edge	edge	NOUN
fbem-30123	207	6	:	:	PUNCT
fbem-30123	207	7	(	(	PUNCT
fbem-30123	207	8	1	1	X
fbem-30123	207	9	)	)	PUNCT
fbem-30123	207	10	expand	expand	VERB
fbem-30123	207	11	product	product	NOUN
fbem-30123	207	12	lines	line	NOUN
fbem-30123	207	13	:	:	PUNCT
fbem-30123	207	14	develop	develop	VERB
fbem-30123	207	15	new	new	ADJ
fbem-30123	207	16	categories	category	NOUN
fbem-30123	207	17	such	such	ADJ
fbem-30123	207	18	as	as	ADP
fbem-30123	207	19	natural	natural	ADJ
fbem-30123	207	20	cheeses	cheese	NOUN
fbem-30123	207	21	(	(	PUNCT
fbem-30123	207	22	e.g.	e.g.	ADV
fbem-30123	207	23	,	,	PUNCT
fbem-30123	207	24	cheddar	cheddar	NOUN
fbem-30123	207	25	,	,	PUNCT
fbem-30123	207	26	parmesan	parmesan	NOUN
fbem-30123	207	27	)	)	PUNCT
fbem-30123	207	28	,	,	PUNCT
fbem-30123	207	29	cheese	cheese	NOUN
fbem-30123	207	30	slices	slice	NOUN
fbem-30123	207	31	,	,	PUNCT
fbem-30123	207	32	and	and	CCONJ
fbem-30123	207	33	cheese	cheese	NOUN
fbem-30123	207	34	-	-	PUNCT
fbem-30123	207	35	based	base	VERB
fbem-30123	207	36	snacks	snack	NOUN
fbem-30123	207	37	(	(	PUNCT
fbem-30123	207	38	e.g.	e.g.	ADV
fbem-30123	207	39	,	,	PUNCT
fbem-30123	207	40	cheese	cheese	NOUN
fbem-30123	207	41	crackers	cracker	NOUN
fbem-30123	207	42	,	,	PUNCT
fbem-30123	207	43	cakes	cake	NOUN
fbem-30123	207	44	)	)	PUNCT
fbem-30123	207	45	to	to	PART
fbem-30123	207	46	cater	cater	VERB
fbem-30123	207	47	to	to	ADP
fbem-30123	207	48	broader	broad	ADJ
fbem-30123	207	49	demographics	demographic	NOUN
fbem-30123	207	50	and	and	CCONJ
fbem-30123	207	51	consumption	consumption	NOUN
fbem-30123	207	52	scenarios	scenario	NOUN
fbem-30123	207	53	.	.	PUNCT
fbem-30123	208	1	(	(	PUNCT
fbem-30123	208	2	2	2	X
fbem-30123	208	3	)	)	PUNCT
fbem-30123	208	4	enhance	enhance	VERB
fbem-30123	208	5	r&d	r&d	NOUN
fbem-30123	208	6	and	and	CCONJ
fbem-30123	208	7	innovation	innovation	NOUN
fbem-30123	208	8	:	:	PUNCT
fbem-30123	208	9	leverage	leverage	VERB
fbem-30123	208	10	its	its	PRON
fbem-30123	208	11	r&d	r&d	NOUN
fbem-30123	208	12	capabilities	capability	NOUN
fbem-30123	208	13	to	to	PART
fbem-30123	208	14	create	create	VERB
fbem-30123	208	15	differentiated	differentiated	ADJ
fbem-30123	208	16	,	,	PUNCT
fbem-30123	208	17	high	high	ADJ
fbem-30123	208	18	-	-	PUNCT
fbem-30123	208	19	value	value	NOUN
fbem-30123	208	20	products	product	NOUN
fbem-30123	208	21	that	that	PRON
fbem-30123	208	22	meet	meet	VERB
fbem-30123	208	23	evolving	evolve	VERB
fbem-30123	208	24	consumer	consumer	NOUN
fbem-30123	208	25	preferences	preference	NOUN
fbem-30123	208	26	,	,	PUNCT
fbem-30123	208	27	reducing	reduce	VERB
fbem-30123	208	28	reliance	reliance	NOUN
fbem-30123	208	29	on	on	ADP
fbem-30123	208	30	costly	costly	ADJ
fbem-30123	208	31	marketing	marketing	NOUN
fbem-30123	208	32	campaigns	campaign	NOUN
fbem-30123	208	33	.	.	PUNCT
fbem-30123	209	1	(	(	PUNCT
fbem-30123	209	2	3	3	X
fbem-30123	209	3	)	)	PUNCT
fbem-30123	209	4	optimize	optimize	NOUN
fbem-30123	209	5	brand	brand	NOUN
fbem-30123	209	6	positioning	positioning	NOUN
fbem-30123	209	7	:	:	PUNCT
fbem-30123	209	8	strengthen	strengthen	VERB
fbem-30123	209	9	retail	retail	ADJ
fbem-30123	209	10	presence	presence	NOUN
fbem-30123	209	11	(	(	PUNCT
fbem-30123	209	12	e.g.	e.g.	ADV
fbem-30123	209	13	,	,	PUNCT
fbem-30123	209	14	shelf	shelf	NOUN
fbem-30123	209	15	visibility	visibility	NOUN
fbem-30123	209	16	in	in	ADP
fbem-30123	209	17	supermarkets	supermarket	NOUN
fbem-30123	209	18	)	)	PUNCT
fbem-30123	209	19	and	and	CCONJ
fbem-30123	209	20	emphasize	emphasize	VERB
fbem-30123	209	21	its	its	PRON
fbem-30123	209	22	leadership	leadership	NOUN
fbem-30123	209	23	in	in	ADP
fbem-30123	209	24	the	the	DET
fbem-30123	209	25	cheese	cheese	NOUN
fbem-30123	209	26	sector	sector	NOUN
fbem-30123	209	27	to	to	PART
fbem-30123	209	28	boost	boost	VERB
fbem-30123	209	29	customer	customer	NOUN
fbem-30123	209	30	loyalty	loyalty	NOUN
fbem-30123	209	31	and	and	CCONJ
fbem-30123	209	32	brand	brand	NOUN
fbem-30123	209	33	equity	equity	NOUN
fbem-30123	209	34	.	.	PUNCT
fbem-30123	210	1	6	6	X
fbem-30123	210	2	.	.	X
fbem-30123	210	3	conclusion	conclusion	NOUN
fbem-30123	210	4	despite	despite	SCONJ
fbem-30123	210	5	milkground	milkground	PROPN
fbem-30123	210	6	’s	’s	PART
fbem-30123	210	7	rapid	rapid	ADJ
fbem-30123	210	8	growth	growth	NOUN
fbem-30123	210	9	,	,	PUNCT
fbem-30123	210	10	its	its	PRON
fbem-30123	210	11	long	long	ADJ
fbem-30123	210	12	-	-	PUNCT
fbem-30123	210	13	term	term	NOUN
fbem-30123	210	14	competitiveness	competitiveness	NOUN
fbem-30123	210	15	and	and	CCONJ
fbem-30123	210	16	sustainable	sustainable	ADJ
fbem-30123	210	17	growth	growth	NOUN
fbem-30123	210	18	capabilities	capability	NOUN
fbem-30123	210	19	remain	remain	VERB
fbem-30123	210	20	limited	limited	ADJ
fbem-30123	210	21	.	.	PUNCT
fbem-30123	211	1	the	the	DET
fbem-30123	211	2	company	company	NOUN
fbem-30123	211	3	faces	face	VERB
fbem-30123	211	4	operational	operational	ADJ
fbem-30123	211	5	challenges	challenge	NOUN
fbem-30123	211	6	,	,	PUNCT
fbem-30123	211	7	notably	notably	ADV
fbem-30123	211	8	weak	weak	ADJ
fbem-30123	211	9	profitability	profitability	NOUN
fbem-30123	211	10	where	where	SCONJ
fbem-30123	211	11	revenue	revenue	NOUN
fbem-30123	211	12	expansion	expansion	NOUN
fbem-30123	211	13	has	have	AUX
fbem-30123	211	14	not	not	PART
fbem-30123	211	15	translated	translate	VERB
fbem-30123	211	16	into	into	ADP
fbem-30123	211	17	proportional	proportional	ADJ
fbem-30123	211	18	profit	profit	NOUN
fbem-30123	211	19	growth	growth	NOUN
fbem-30123	211	20	,	,	PUNCT
fbem-30123	211	21	posing	pose	VERB
fbem-30123	211	22	risks	risk	NOUN
fbem-30123	211	23	to	to	ADP
fbem-30123	211	24	its	its	PRON
fbem-30123	211	25	development	development	NOUN
fbem-30123	211	26	.	.	PUNCT
fbem-30123	212	1	financially	financially	ADV
fbem-30123	212	2	,	,	PUNCT
fbem-30123	212	3	while	while	SCONJ
fbem-30123	212	4	capital	capital	NOUN
fbem-30123	212	5	utilization	utilization	NOUN
fbem-30123	212	6	efficiency	efficiency	NOUN
fbem-30123	212	7	has	have	AUX
fbem-30123	212	8	historically	historically	ADV
fbem-30123	212	9	been	be	AUX
fbem-30123	212	10	low	low	ADJ
fbem-30123	212	11	,	,	PUNCT
fbem-30123	212	12	gradual	gradual	ADJ
fbem-30123	212	13	improvements	improvement	NOUN
fbem-30123	212	14	were	be	AUX
fbem-30123	212	15	observed	observe	VERB
fbem-30123	212	16	in	in	ADP
fbem-30123	212	17	2022	2022	NUM
fbem-30123	212	18	.	.	PUNCT
fbem-30123	213	1	these	these	DET
fbem-30123	213	2	issues	issue	NOUN
fbem-30123	213	3	primarily	primarily	ADV
fbem-30123	213	4	stem	stem	VERB
fbem-30123	213	5	from	from	ADP
fbem-30123	213	6	rising	rise	VERB
fbem-30123	213	7	raw	raw	ADJ
fbem-30123	213	8	material	material	NOUN
fbem-30123	213	9	costs	cost	NOUN
fbem-30123	213	10	and	and	CCONJ
fbem-30123	213	11	intensified	intensify	VERB
fbem-30123	213	12	market	market	NOUN
fbem-30123	213	13	competition	competition	NOUN
fbem-30123	213	14	,	,	PUNCT
fbem-30123	213	15	which	which	PRON
fbem-30123	213	16	have	have	AUX
fbem-30123	213	17	compressed	compress	VERB
fbem-30123	213	18	profit	profit	NOUN
fbem-30123	213	19	margins	margin	NOUN
fbem-30123	213	20	,	,	PUNCT
fbem-30123	213	21	as	as	ADV
fbem-30123	213	22	well	well	ADV
fbem-30123	213	23	as	as	ADP
fbem-30123	213	24	excessive	excessive	ADJ
fbem-30123	213	25	marketing	marketing	NOUN
fbem-30123	213	26	expenditures	expenditure	NOUN
fbem-30123	213	27	aimed	aim	VERB
fbem-30123	213	28	at	at	ADP
fbem-30123	213	29	securing	secure	VERB
fbem-30123	213	30	market	market	NOUN
fbem-30123	213	31	share	share	NOUN
fbem-30123	213	32	and	and	CCONJ
fbem-30123	213	33	brand	brand	NOUN
fbem-30123	213	34	dominance	dominance	NOUN
fbem-30123	213	35	in	in	ADP
fbem-30123	213	36	the	the	DET
fbem-30123	213	37	burgeoning	burgeon	VERB
fbem-30123	213	38	cheese	cheese	NOUN
fbem-30123	213	39	sector	sector	NOUN
fbem-30123	213	40	.	.	PUNCT
fbem-30123	214	1	to	to	PART
fbem-30123	214	2	address	address	VERB
fbem-30123	214	3	these	these	DET
fbem-30123	214	4	challenges	challenge	NOUN
fbem-30123	214	5	,	,	PUNCT
fbem-30123	214	6	we	we	PRON
fbem-30123	214	7	recommend	recommend	VERB
fbem-30123	214	8	strengthening	strengthen	VERB
fbem-30123	214	9	supply	supply	NOUN
fbem-30123	214	10	chain	chain	NOUN
fbem-30123	214	11	stability	stability	NOUN
fbem-30123	214	12	through	through	ADP
fbem-30123	214	13	long	long	ADJ
fbem-30123	214	14	-	-	PUNCT
fbem-30123	214	15	term	term	NOUN
fbem-30123	214	16	contracts	contract	NOUN
fbem-30123	214	17	with	with	ADP
fbem-30123	214	18	suppliers	supplier	NOUN
fbem-30123	214	19	to	to	PART
fbem-30123	214	20	lock	lock	VERB
fbem-30123	214	21	in	in	ADP
fbem-30123	214	22	pricing	pricing	NOUN
fbem-30123	214	23	and	and	CCONJ
fbem-30123	214	24	procurement	procurement	NOUN
fbem-30123	214	25	volumes	volume	NOUN
fbem-30123	214	26	,	,	PUNCT
fbem-30123	214	27	alongside	alongside	ADP
fbem-30123	214	28	strategic	strategic	ADJ
fbem-30123	214	29	investments	investment	NOUN
fbem-30123	214	30	in	in	ADP
fbem-30123	214	31	eco	eco	NOUN
fbem-30123	214	32	-	-	PUNCT
fbem-30123	214	33	friendly	friendly	ADJ
fbem-30123	214	34	dairy	dairy	NOUN
fbem-30123	214	35	farms	farm	NOUN
fbem-30123	214	36	to	to	PART
fbem-30123	214	37	secure	secure	VERB
fbem-30123	214	38	raw	raw	ADJ
fbem-30123	214	39	material	material	NOUN
fbem-30123	214	40	supplies	supply	NOUN
fbem-30123	214	41	.	.	PUNCT
fbem-30123	215	1	additionally	additionally	ADV
fbem-30123	215	2	,	,	PUNCT
fbem-30123	215	3	diversifying	diversify	VERB
fbem-30123	215	4	its	its	PRON
fbem-30123	215	5	product	product	NOUN
fbem-30123	215	6	portfolio	portfolio	NOUN
fbem-30123	215	7	—	—	PUNCT
fbem-30123	215	8	such	such	ADJ
fbem-30123	215	9	as	as	ADP
fbem-30123	215	10	expanding	expand	VERB
fbem-30123	215	11	into	into	ADP
fbem-30123	215	12	natural	natural	ADJ
fbem-30123	215	13	cheeses	cheese	NOUN
fbem-30123	215	14	and	and	CCONJ
fbem-30123	215	15	innovative	innovative	ADJ
fbem-30123	215	16	formats	format	NOUN
fbem-30123	215	17	—	—	PUNCT
fbem-30123	215	18	can	can	AUX
fbem-30123	215	19	solidify	solidify	VERB
fbem-30123	215	20	milkground	milkground	PROPN
fbem-30123	215	21	’s	’s	PART
fbem-30123	215	22	market	market	NOUN
fbem-30123	215	23	leadership	leadership	NOUN
fbem-30123	215	24	and	and	CCONJ
fbem-30123	215	25	cater	cater	NOUN
fbem-30123	215	26	to	to	ADP
fbem-30123	215	27	evolving	evolve	VERB
fbem-30123	215	28	consumer	consumer	NOUN
fbem-30123	215	29	preferences	preference	NOUN
fbem-30123	215	30	.	.	PUNCT
fbem-30123	216	1	a	a	DET
fbem-30123	216	2	company	company	NOUN
fbem-30123	216	3	’s	’s	PART
fbem-30123	216	4	financial	financial	ADJ
fbem-30123	216	5	health	health	NOUN
fbem-30123	216	6	and	and	CCONJ
fbem-30123	216	7	balanced	balanced	ADJ
fbem-30123	216	8	development	development	NOUN
fbem-30123	216	9	hinge	hinge	NOUN
fbem-30123	216	10	on	on	ADP
fbem-30123	216	11	its	its	PRON
fbem-30123	216	12	core	core	NOUN
fbem-30123	216	13	operational	operational	ADJ
fbem-30123	216	14	,	,	PUNCT
fbem-30123	216	15	financial	financial	ADJ
fbem-30123	216	16	,	,	PUNCT
fbem-30123	216	17	strategic	strategic	ADJ
fbem-30123	216	18	,	,	PUNCT
fbem-30123	216	19	and	and	CCONJ
fbem-30123	216	20	governance	governance	NOUN
fbem-30123	216	21	capabilities	capability	NOUN
fbem-30123	216	22	(	(	PUNCT
fbem-30123	216	23	bai	bai	NOUN
fbem-30123	216	24	,	,	PUNCT
fbem-30123	216	25	2019	2019	NUM
fbem-30123	216	26	)	)	PUNCT
fbem-30123	216	27	.	.	PUNCT
fbem-30123	217	1	proactive	proactive	ADJ
fbem-30123	217	2	identification	identification	NOUN
fbem-30123	217	3	of	of	ADP
fbem-30123	217	4	root	root	NOUN
fbem-30123	217	5	causes	cause	NOUN
fbem-30123	217	6	and	and	CCONJ
fbem-30123	217	7	targeted	target	VERB
fbem-30123	217	8	interventions	intervention	NOUN
fbem-30123	217	9	are	be	AUX
fbem-30123	217	10	essential	essential	ADJ
fbem-30123	217	11	for	for	ADP
fbem-30123	217	12	sustainable	sustainable	ADJ
fbem-30123	217	13	growth	growth	NOUN
fbem-30123	217	14	.	.	PUNCT
fbem-30123	218	1	by	by	ADP
fbem-30123	218	2	aligning	align	VERB
fbem-30123	218	3	cost	cost	NOUN
fbem-30123	218	4	management	management	NOUN
fbem-30123	218	5	with	with	ADP
fbem-30123	218	6	strategic	strategic	ADJ
fbem-30123	218	7	innovation	innovation	NOUN
fbem-30123	218	8	,	,	PUNCT
fbem-30123	218	9	milkground	milkground	ADV
fbem-30123	218	10	can	can	AUX
fbem-30123	218	11	mitigate	mitigate	VERB
fbem-30123	218	12	risks	risk	NOUN
fbem-30123	218	13	,	,	PUNCT
fbem-30123	218	14	enhance	enhance	VERB
fbem-30123	218	15	profitability	profitability	NOUN
fbem-30123	218	16	,	,	PUNCT
fbem-30123	218	17	and	and	CCONJ
fbem-30123	218	18	transition	transition	NOUN
fbem-30123	218	19	toward	toward	ADP
fbem-30123	218	20	a	a	DET
fbem-30123	218	21	more	more	ADV
fbem-30123	218	22	resilient	resilient	ADJ
fbem-30123	218	23	and	and	CCONJ
fbem-30123	218	24	sustainable	sustainable	ADJ
fbem-30123	218	25	growth	growth	NOUN
fbem-30123	218	26	trajectory	trajectory	NOUN
fbem-30123	218	27	.	.	PUNCT
fbem-30123	219	1	references	reference	NOUN
fbem-30123	219	2	[	[	X
fbem-30123	219	3	1	1	NUM
fbem-30123	219	4	]	]	PUNCT
fbem-30123	219	5	a.	a.	NOUN
fbem-30123	219	6	bongers	bonger	NOUN
fbem-30123	219	7	and	and	CCONJ
fbem-30123	219	8	c.	c.	PROPN
fbem-30123	219	9	diaz	diaz	PROPN
fbem-30123	219	10	-	-	PUNCT
fbem-30123	219	11	roldan	roldan	PROPN
fbem-30123	219	12	,	,	PUNCT
fbem-30123	219	13	“	"	PUNCT
fbem-30123	219	14	stabilization	stabilization	NOUN
fbem-30123	219	15	policies	policy	NOUN
fbem-30123	219	16	and	and	CCONJ
fbem-30123	219	17	technological	technological	ADJ
fbem-30123	219	18	shocks	shock	NOUN
fbem-30123	219	19	:	:	PUNCT
fbem-30123	219	20	towards	towards	ADP
fbem-30123	219	21	a	a	DET
fbem-30123	219	22	sustainable	sustainable	ADJ
fbem-30123	219	23	economic	economic	ADJ
fbem-30123	219	24	growth	growth	NOUN
fbem-30123	219	25	path	path	NOUN
fbem-30123	219	26	,	,	PUNCT
fbem-30123	219	27	”	"	PUNCT
fbem-30123	219	28	sustainability	sustainability	NOUN
fbem-30123	219	29	,	,	PUNCT
fbem-30123	219	30	vol	vol	NOUN
fbem-30123	219	31	.	.	PROPN
fbem-30123	219	32	,	,	PUNCT
fbem-30123	219	33	no	no	INTJ
fbem-30123	219	34	.	.	NOUN
fbem-30123	219	35	,	,	PUNCT
fbem-30123	219	36	209	209	NUM
fbem-30123	219	37	.	.	PUNCT
fbem-30123	220	1	[	[	X
fbem-30123	220	2	2	2	NUM
fbem-30123	220	3	]	]	PUNCT
fbem-30123	220	4	a.	a.	NOUN
fbem-30123	220	5	steblyanskaya	steblyanskaya	PROPN
fbem-30123	220	6	,	,	PUNCT
fbem-30123	220	7	k.	k.	PROPN
fbem-30123	220	8	x.	x.	PROPN
fbem-30123	220	9	bi	bi	PROPN
fbem-30123	220	10	,	,	PUNCT
fbem-30123	220	11	a.	a.	NOUN
fbem-30123	220	12	denisov	denisov	PROPN
fbem-30123	220	13	,	,	PUNCT
fbem-30123	220	14	z.	z.	PROPN
fbem-30123	220	15	wang	wang	PROPN
fbem-30123	220	16	,	,	PUNCT
fbem-30123	220	17	z.	z.	PROPN
fbem-30123	220	18	m.	m.	PROPN
fbem-30123	220	19	wang	wang	PROPN
fbem-30123	220	20	,	,	PUNCT
fbem-30123	220	21	and	and	CCONJ
fbem-30123	220	22	z.	z.	PROPN
fbem-30123	220	23	bragina	bragina	PROPN
fbem-30123	220	24	,	,	PUNCT
fbem-30123	220	25	“	"	PUNCT
fbem-30123	220	26	changes	change	NOUN
fbem-30123	220	27	in	in	ADP
fbem-30123	220	28	sustainable	sustainable	ADJ
fbem-30123	220	29	growth	growth	NOUN
fbem-30123	220	30	dynamics	dynamic	NOUN
fbem-30123	220	31	:	:	PUNCT
fbem-30123	220	32	the	the	DET
fbem-30123	220	33	case	case	NOUN
fbem-30123	220	34	of	of	ADP
fbem-30123	220	35	china	china	PROPN
fbem-30123	220	36	and	and	CCONJ
fbem-30123	220	37	russia	russia	PROPN
fbem-30123	220	38	gas	gas	NOUN
fbem-30123	220	39	industries	industry	NOUN
fbem-30123	220	40	,	,	PUNCT
fbem-30123	220	41	”	"	PUNCT
fbem-30123	220	42	energy	energy	NOUN
fbem-30123	220	43	strategy	strategy	NOUN
fbem-30123	220	44	reviews	review	NOUN
fbem-30123	220	45	,	,	PUNCT
fbem-30123	220	46	vol	vol	NOUN
fbem-30123	220	47	.	.	PROPN
fbem-30123	220	48	33	33	NUM
fbem-30123	220	49	,	,	PUNCT
fbem-30123	220	50	00	00	PUNCT
fbem-30123	220	51	.	.	PUNCT
fbem-30123	221	1	[	[	X
fbem-30123	221	2	3	3	X
fbem-30123	221	3	]	]	X
fbem-30123	221	4	b.	b.	NOUN
fbem-30123	221	5	vukovic	vukovic	NOUN
fbem-30123	221	6	,	,	PUNCT
fbem-30123	221	7	t.	t.	PROPN
fbem-30123	221	8	tica	tica	PROPN
fbem-30123	221	9	,	,	PUNCT
fbem-30123	221	10	and	and	CCONJ
fbem-30123	221	11	d.	d.	PROPN
fbem-30123	221	12	jaksic	jaksic	PROPN
fbem-30123	221	13	,	,	PUNCT
fbem-30123	221	14	“	"	PUNCT
fbem-30123	221	15	sustainable	sustainable	ADJ
fbem-30123	221	16	growth	growth	NOUN
fbem-30123	221	17	rate	rate	NOUN
fbem-30123	221	18	analysis	analysis	NOUN
fbem-30123	221	19	in	in	ADP
fbem-30123	221	20	eastern	eastern	ADJ
fbem-30123	221	21	european	european	ADJ
fbem-30123	221	22	companies	company	NOUN
fbem-30123	221	23	,	,	PUNCT
fbem-30123	221	24	”	"	PUNCT
fbem-30123	221	25	sustainability	sustainability	NOUN
fbem-30123	221	26	,	,	PUNCT
fbem-30123	221	27	vol	vol	NOUN
fbem-30123	221	28	.	.	PROPN
fbem-30123	222	1	14	14	NUM
fbem-30123	222	2	,	,	PUNCT
fbem-30123	223	1	no	no	INTJ
fbem-30123	223	2	.	.	NOUN
fbem-30123	223	3	17	17	NUM
fbem-30123	223	4	,	,	PUNCT
fbem-30123	223	5	2022	2022	NUM
fbem-30123	223	6	.	.	PUNCT
fbem-30123	224	1	[	[	X
fbem-30123	224	2	4	4	X
fbem-30123	224	3	]	]	X
fbem-30123	224	4	t.	t.	PROPN
fbem-30123	224	5	ahsan	ahsan	PROPN
fbem-30123	224	6	,	,	PUNCT
fbem-30123	224	7	b.	b.	PROPN
fbem-30123	224	8	al	al	PROPN
fbem-30123	224	9	-	-	PUNCT
fbem-30123	224	10	gamrh	gamrh	ADJ
fbem-30123	224	11	,	,	PUNCT
fbem-30123	224	12	and	and	CCONJ
fbem-30123	224	13	s.	s.	PROPN
fbem-30123	224	14	s.	s.	PROPN
fbem-30123	224	15	mirza	mirza	PROPN
fbem-30123	224	16	,	,	PUNCT
fbem-30123	224	17	“	"	PUNCT
fbem-30123	224	18	economic	economic	ADJ
fbem-30123	224	19	policy	policy	NOUN
fbem-30123	224	20	uncertainty	uncertainty	NOUN
fbem-30123	224	21	and	and	CCONJ
fbem-30123	224	22	sustainable	sustainable	ADJ
fbem-30123	224	23	financial	financial	ADJ
fbem-30123	224	24	growth	growth	NOUN
fbem-30123	224	25	:	:	PUNCT
fbem-30123	224	26	does	do	VERB
fbem-30123	224	27	business	business	NOUN
fbem-30123	224	28	strategy	strategy	NOUN
fbem-30123	224	29	matter	matter	NOUN
fbem-30123	224	30	?	?	PUNCT
fbem-30123	224	31	”	"	PUNCT
fbem-30123	225	1	finance	finance	NOUN
fbem-30123	225	2	research	research	NOUN
fbem-30123	225	3	letters	letter	NOUN
fbem-30123	225	4	,	,	PUNCT
fbem-30123	225	5	vol	vol	NOUN
fbem-30123	225	6	.	.	PROPN
fbem-30123	225	7	6	6	NUM
fbem-30123	225	8	,	,	PUNCT
fbem-30123	225	9	no	no	INTJ
fbem-30123	225	10	.	.	NOUN
fbem-30123	226	1	b	b	X
fbem-30123	226	2	,	,	PUNCT
fbem-30123	226	3	2022	2022	NUM
fbem-30123	226	4	.	.	PUNCT
fbem-30123	227	1	[	[	X
fbem-30123	227	2	5	5	X
fbem-30123	227	3	]	]	PUNCT
fbem-30123	227	4	f.	f.	PROPN
fbem-30123	227	5	bellandi	bellandi	PROPN
fbem-30123	227	6	,	,	PUNCT
fbem-30123	227	7	“	"	PUNCT
fbem-30123	227	8	equilibrating	equilibrate	VERB
fbem-30123	227	9	financially	financially	ADV
fbem-30123	227	10	sustainable	sustainable	ADJ
fbem-30123	227	11	growth	growth	NOUN
fbem-30123	227	12	and	and	CCONJ
fbem-30123	227	13	environmental	environmental	ADJ
fbem-30123	227	14	,	,	PUNCT
fbem-30123	227	15	social	social	ADJ
fbem-30123	227	16	,	,	PUNCT
fbem-30123	227	17	and	and	CCONJ
fbem-30123	227	18	governance	governance	NOUN
fbem-30123	227	19	sustainable	sustainable	ADJ
fbem-30123	227	20	growth	growth	NOUN
fbem-30123	227	21	,	,	PUNCT
fbem-30123	227	22	”	"	PUNCT
fbem-30123	227	23	european	european	PROPN
fbem-30123	227	24	management	management	PROPN
fbem-30123	227	25	review	review	PROPN
fbem-30123	227	26	,	,	PUNCT
fbem-30123	227	27	2023	2023	NUM
fbem-30123	227	28	.	.	PUNCT
fbem-30123	228	1	[	[	X
fbem-30123	228	2	6	6	NUM
fbem-30123	228	3	]	]	PUNCT
fbem-30123	228	4	x.	x.	PROPN
fbem-30123	228	5	j.	j.	PROPN
fbem-30123	228	6	li	li	PROPN
fbem-30123	228	7	,	,	PUNCT
fbem-30123	228	8	“	"	PUNCT
fbem-30123	228	9	internal	internal	ADJ
fbem-30123	228	10	control	control	NOUN
fbem-30123	228	11	quality	quality	NOUN
fbem-30123	228	12	,	,	PUNCT
fbem-30123	228	13	ownership	ownership	NOUN
fbem-30123	228	14	concentration	concentration	NOUN
fbem-30123	228	15	,	,	PUNCT
fbem-30123	228	16	and	and	CCONJ
fbem-30123	228	17	corporate	corporate	ADJ
fbem-30123	228	18	sustainable	sustainable	ADJ
fbem-30123	228	19	development	development	NOUN
fbem-30123	228	20	,	,	PUNCT
fbem-30123	228	21	”	"	PUNCT
fbem-30123	228	22	commercial	commercial	ADJ
fbem-30123	228	23	accounting	accounting	NOUN
fbem-30123	228	24	,	,	PUNCT
fbem-30123	228	25	vol	vol	NOUN
fbem-30123	228	26	.	.	PROPN
fbem-30123	228	27	55	55	NUM
fbem-30123	228	28	,	,	PUNCT
fbem-30123	228	29	no	no	INTJ
fbem-30123	228	30	.	.	NOUN
fbem-30123	228	31	7	7	NUM
fbem-30123	228	32	,	,	PUNCT
fbem-30123	228	33	2019	2019	NUM
fbem-30123	228	34	,	,	PUNCT
fbem-30123	228	35	pp	pp	ADJ
fbem-30123	228	36	.	.	PUNCT
fbem-30123	229	1	17–21	17–21	X
fbem-30123	229	2	.	.	PUNCT
fbem-30123	230	1	[	[	X
fbem-30123	230	2	7	7	X
fbem-30123	230	3	]	]	X
fbem-30123	230	4	l.	l.	PROPN
fbem-30123	230	5	huang	huang	PROPN
fbem-30123	230	6	,	,	PUNCT
fbem-30123	230	7	q.	q.	PROPN
fbem-30123	230	8	w.	w.	PROPN
fbem-30123	230	9	ying	ying	PROPN
fbem-30123	230	10	,	,	PUNCT
fbem-30123	230	11	s.	s.	PROPN
fbem-30123	230	12	y.	y.	PROPN
fbem-30123	230	13	yang	yang	PROPN
fbem-30123	230	14	,	,	PUNCT
fbem-30123	230	15	and	and	CCONJ
fbem-30123	230	16	h.	h.	PROPN
fbem-30123	230	17	hassan	hassan	PROPN
fbem-30123	230	18	,	,	PUNCT
fbem-30123	230	19	“	"	PUNCT
fbem-30123	230	20	trade	trade	NOUN
fbem-30123	230	21	credit	credit	NOUN
fbem-30123	230	22	financing	financing	NOUN
fbem-30123	230	23	and	and	CCONJ
fbem-30123	230	24	sustainable	sustainable	ADJ
fbem-30123	230	25	growth	growth	NOUN
fbem-30123	230	26	of	of	ADP
fbem-30123	230	27	firms	firm	NOUN
fbem-30123	230	28	:	:	PUNCT
fbem-30123	230	29	empirical	empirical	ADJ
fbem-30123	230	30	evidence	evidence	NOUN
fbem-30123	230	31	from	from	ADP
fbem-30123	230	32	china	china	PROPN
fbem-30123	230	33	,	,	PUNCT
fbem-30123	230	34	”	"	PUNCT
fbem-30123	230	35	sustainability	sustainability	NOUN
fbem-30123	230	36	,	,	PUNCT
fbem-30123	230	37	vol	vol	NOUN
fbem-30123	230	38	.	.	PROPN
fbem-30123	230	39	11	11	NUM
fbem-30123	230	40	,	,	PUNCT
fbem-30123	230	41	no	no	INTJ
fbem-30123	230	42	.	.	NOUN
fbem-30123	230	43	4	4	NUM
fbem-30123	230	44	,	,	PUNCT
fbem-30123	230	45	2019	2019	NUM
fbem-30123	230	46	.	.	PUNCT
fbem-30123	231	1	[	[	X
fbem-30123	231	2	8	8	NUM
fbem-30123	231	3	]	]	X
fbem-30123	231	4	l.	l.	PROPN
fbem-30123	231	5	c.	c.	PROPN
fbem-30123	231	6	wang	wang	PROPN
fbem-30123	231	7	,	,	PUNCT
fbem-30123	231	8	y.	y.	PROPN
fbem-30123	231	9	f.	f.	PROPN
fbem-30123	231	10	liao	liao	PROPN
fbem-30123	231	11	,	,	PUNCT
fbem-30123	231	12	y.	y.	PROPN
fbem-30123	231	13	y.	y.	PROPN
fbem-30123	231	14	ding	ding	PROPN
fbem-30123	231	15	,	,	PUNCT
fbem-30123	231	16	and	and	CCONJ
fbem-30123	231	17	t.	t.	PROPN
fbem-30123	231	18	peng	peng	PROPN
fbem-30123	231	19	,	,	PUNCT
fbem-30123	231	20	“	"	PUNCT
fbem-30123	231	21	the	the	DET
fbem-30123	231	22	effect	effect	NOUN
fbem-30123	231	23	of	of	ADP
fbem-30123	231	24	customer	customer	NOUN
fbem-30123	231	25	concentration	concentration	NOUN
fbem-30123	231	26	on	on	ADP
fbem-30123	231	27	supplier	supplier	NOUN
fbem-30123	231	28	sustainable	sustainable	ADJ
fbem-30123	231	29	growth	growth	NOUN
fbem-30123	231	30	:	:	PUNCT
fbem-30123	231	31	evidence	evidence	NOUN
fbem-30123	231	32	from	from	ADP
fbem-30123	231	33	china	china	PROPN
fbem-30123	231	34	,	,	PUNCT
fbem-30123	231	35	”	"	PUNCT
fbem-30123	231	36	applied	apply	VERB
fbem-30123	231	37	economics	economic	NOUN
fbem-30123	231	38	,	,	PUNCT
fbem-30123	231	39	vol	vol	NOUN
fbem-30123	231	40	.	.	PROPN
fbem-30123	232	1	53	53	NUM
fbem-30123	232	2	,	,	PUNCT
fbem-30123	232	3	no	no	INTJ
fbem-30123	232	4	.	.	NOUN
fbem-30123	232	5	17	17	NUM
fbem-30123	232	6	,	,	PUNCT
fbem-30123	232	7	2020	2020	NUM
fbem-30123	232	8	,	,	PUNCT
fbem-30123	232	9	pp	pp	ADV
fbem-30123	232	10	.	.	PUNCT
fbem-30123	233	1	2015–2025	2015–2025	NUM
fbem-30123	233	2	.	.	PUNCT
fbem-30123	234	1	[	[	X
fbem-30123	234	2	9	9	NUM
fbem-30123	234	3	]	]	X
fbem-30123	234	4	h.	h.	PROPN
fbem-30123	234	5	chen	chen	PROPN
fbem-30123	234	6	,	,	PUNCT
fbem-30123	234	7	l.	l.	PROPN
fbem-30123	234	8	li	li	PROPN
fbem-30123	234	9	,	,	PUNCT
fbem-30123	234	10	and	and	CCONJ
fbem-30123	234	11	y.	y.	PROPN
fbem-30123	234	12	chen	chen	PROPN
fbem-30123	234	13	,	,	PUNCT
fbem-30123	234	14	“	"	PUNCT
fbem-30123	234	15	sustainable	sustainable	ADJ
fbem-30123	234	16	growth	growth	NOUN
fbem-30123	234	17	research	research	NOUN
fbem-30123	234	18	:	:	PUNCT
fbem-30123	234	19	a	a	DET
fbem-30123	234	20	study	study	NOUN
fbem-30123	234	21	on	on	ADP
fbem-30123	234	22	the	the	DET
fbem-30123	234	23	telecom	telecom	NOUN
fbem-30123	234	24	operators	operator	NOUN
fbem-30123	234	25	in	in	ADP
fbem-30123	234	26	china	china	PROPN
fbem-30123	234	27	,	,	PUNCT
fbem-30123	234	28	”	"	PUNCT
fbem-30123	234	29	journal	journal	NOUN
fbem-30123	234	30	of	of	ADP
fbem-30123	234	31	management	management	NOUN
fbem-30123	234	32	analytics	analytic	NOUN
fbem-30123	234	33	,	,	PUNCT
fbem-30123	234	34	vol	vol	NOUN
fbem-30123	234	35	.	.	PROPN
fbem-30123	234	36	,	,	PUNCT
fbem-30123	234	37	no	no	INTJ
fbem-30123	234	38	.	.	NOUN
fbem-30123	234	39	1	1	NUM
fbem-30123	234	40	,	,	PUNCT
fbem-30123	234	41	2021	2021	NUM
fbem-30123	234	42	,	,	PUNCT
fbem-30123	234	43	pp	pp	ADJ
fbem-30123	234	44	.	.	PUNCT
fbem-30123	234	45	17–31	17–31	NUM
fbem-30123	234	46	.	.	PUNCT
fbem-30123	235	1	[	[	X
fbem-30123	235	2	10	10	NUM
fbem-30123	235	3	]	]	X
fbem-30123	235	4	y.	y.	PROPN
fbem-30123	235	5	li	li	PROPN
fbem-30123	235	6	,	,	PUNCT
fbem-30123	235	7	“	"	PUNCT
fbem-30123	235	8	corporate	corporate	ADJ
fbem-30123	235	9	financing	financing	NOUN
fbem-30123	235	10	methods	method	NOUN
fbem-30123	235	11	and	and	CCONJ
fbem-30123	235	12	sustainable	sustainable	ADJ
fbem-30123	235	13	growth	growth	NOUN
fbem-30123	235	14	capability	capability	NOUN
fbem-30123	235	15	,	,	PUNCT
fbem-30123	235	16	”	"	PUNCT
fbem-30123	235	17	accounting	accounting	NOUN
fbem-30123	235	18	learning	learning	NOUN
fbem-30123	235	19	,	,	PUNCT
fbem-30123	235	20	no	no	INTJ
fbem-30123	235	21	.	.	NOUN
fbem-30123	235	22	3	3	NUM
fbem-30123	235	23	,	,	PUNCT
fbem-30123	235	24	2022	2022	NUM
fbem-30123	235	25	,	,	PUNCT
fbem-30123	235	26	pp	pp	ADJ
fbem-30123	235	27	.	.	PUNCT
fbem-30123	236	1	141–143	141–143	NUM
fbem-30123	236	2	.	.	PUNCT
fbem-30123	237	1	231	231	NUM
fbem-30123	238	1	[	[	SYM
fbem-30123	238	2	11	11	NUM
fbem-30123	238	3	]	]	PUNCT
fbem-30123	238	4	t.	t.	PROPN
fbem-30123	238	5	h.	h.	PROPN
fbem-30123	238	6	liu	liu	PROPN
fbem-30123	238	7	,	,	PUNCT
fbem-30123	238	8	w.	w.	PROPN
fbem-30123	238	9	y.	y.	PROPN
fbem-30123	238	10	liu	liu	PROPN
fbem-30123	238	11	,	,	PUNCT
fbem-30123	238	12	e.	e.	PROPN
fbem-30123	238	13	elahi	elahi	PROPN
fbem-30123	238	14	,	,	PUNCT
fbem-30123	238	15	and	and	CCONJ
fbem-30123	238	16	x.	x.	NOUN
fbem-30123	238	17	liu	liu	PROPN
fbem-30123	238	18	,	,	PUNCT
fbem-30123	238	19	“	"	PUNCT
fbem-30123	238	20	supply	supply	NOUN
fbem-30123	238	21	chain	chain	NOUN
fbem-30123	238	22	finance	finance	NOUN
fbem-30123	238	23	and	and	CCONJ
fbem-30123	238	24	the	the	DET
fbem-30123	238	25	sustainable	sustainable	ADJ
fbem-30123	238	26	growth	growth	NOUN
fbem-30123	238	27	of	of	ADP
fbem-30123	238	28	chinese	chinese	ADJ
fbem-30123	238	29	firms	firm	NOUN
fbem-30123	238	30	:	:	PUNCT
fbem-30123	238	31	the	the	DET
fbem-30123	238	32	moderating	moderate	VERB
fbem-30123	238	33	effect	effect	NOUN
fbem-30123	238	34	of	of	ADP
fbem-30123	238	35	digital	digital	ADJ
fbem-30123	238	36	finance	finance	NOUN
fbem-30123	238	37	,	,	PUNCT
fbem-30123	238	38	”	"	PUNCT
fbem-30123	238	39	frontiers	frontier	NOUN
fbem-30123	238	40	in	in	ADP
fbem-30123	238	41	environmental	environmental	ADJ
fbem-30123	238	42	science	science	NOUN
fbem-30123	238	43	,	,	PUNCT
fbem-30123	238	44	vol	vol	NOUN
fbem-30123	238	45	.	.	PROPN
fbem-30123	238	46	10	10	NUM
fbem-30123	238	47	,	,	PUNCT
fbem-30123	238	48	2022	2022	NUM
fbem-30123	238	49	.	.	PUNCT
fbem-30123	239	1	[	[	X
fbem-30123	239	2	12	12	NUM
fbem-30123	239	3	]	]	PUNCT
fbem-30123	239	4	s.	s.	PROPN
fbem-30123	239	5	lyu	lyu	PROPN
fbem-30123	239	6	,	,	PUNCT
fbem-30123	239	7	“	"	PUNCT
fbem-30123	239	8	analysis	analysis	NOUN
fbem-30123	239	9	of	of	ADP
fbem-30123	239	10	corporate	corporate	ADJ
fbem-30123	239	11	sustainable	sustainable	ADJ
fbem-30123	239	12	growth	growth	NOUN
fbem-30123	239	13	capability	capability	NOUN
fbem-30123	239	14	,	,	PUNCT
fbem-30123	239	15	”	"	PUNCT
fbem-30123	239	16	m.s	m.s	PROPN
fbem-30123	239	17	.	.	PROPN
fbem-30123	239	18	thesis	thesis	PROPN
fbem-30123	239	19	,	,	PUNCT
fbem-30123	239	20	nanjing	nanjing	PROPN
fbem-30123	239	21	university	university	PROPN
fbem-30123	239	22	of	of	ADP
fbem-30123	239	23	information	information	NOUN
fbem-30123	239	24	science	science	NOUN
fbem-30123	239	25	and	and	CCONJ
fbem-30123	239	26	technology	technology	NOUN
fbem-30123	239	27	,	,	PUNCT
fbem-30123	239	28	nanjing	nanjing	PROPN
fbem-30123	239	29	,	,	PUNCT
fbem-30123	239	30	china	china	PROPN
fbem-30123	239	31	,	,	PUNCT
fbem-30123	239	32	2020	2020	NUM
fbem-30123	239	33	.	.	PUNCT
fbem-30123	240	1	[	[	X
fbem-30123	240	2	13	13	NUM
fbem-30123	240	3	]	]	PUNCT
fbem-30123	240	4	x.	x.	PROPN
fbem-30123	240	5	w.	w.	PROPN
fbem-30123	240	6	tao	tao	PROPN
fbem-30123	240	7	,	,	PUNCT
fbem-30123	240	8	“	"	PUNCT
fbem-30123	240	9	sustainable	sustainable	ADJ
fbem-30123	240	10	growth	growth	NOUN
fbem-30123	240	11	strategies	strategy	NOUN
fbem-30123	240	12	for	for	ADP
fbem-30123	240	13	enterprises	enterprise	NOUN
fbem-30123	240	14	based	base	VERB
fbem-30123	240	15	on	on	ADP
fbem-30123	240	16	financial	financial	ADJ
fbem-30123	240	17	perspectives	perspective	NOUN
fbem-30123	240	18	,	,	PUNCT
fbem-30123	240	19	”	"	PUNCT
fbem-30123	240	20	commercial	commercial	ADJ
fbem-30123	240	21	accounting	accounting	NOUN
fbem-30123	240	22	,	,	PUNCT
fbem-30123	240	23	vol	vol	NOUN
fbem-30123	240	24	.	.	PROPN
fbem-30123	240	25	467	467	NUM
fbem-30123	240	26	,	,	PUNCT
fbem-30123	240	27	no	no	INTJ
fbem-30123	240	28	.	.	NOUN
fbem-30123	240	29	23	23	NUM
fbem-30123	240	30	,	,	PUNCT
fbem-30123	240	31	2011	2011	NUM
fbem-30123	240	32	,	,	PUNCT
fbem-30123	240	33	pp	pp	ADV
fbem-30123	240	34	.	.	PUNCT
fbem-30123	241	1	56–57	56–57	X
fbem-30123	241	2	.	.	PUNCT
fbem-30123	242	1	[	[	X
fbem-30123	242	2	14	14	NUM
fbem-30123	242	3	]	]	X
fbem-30123	242	4	h.	h.	PROPN
fbem-30123	242	5	l.	l.	PROPN
fbem-30123	242	6	li	li	PROPN
fbem-30123	242	7	,	,	PUNCT
fbem-30123	242	8	“	"	PUNCT
fbem-30123	242	9	evaluation	evaluation	NOUN
fbem-30123	242	10	of	of	ADP
fbem-30123	242	11	sustainable	sustainable	ADJ
fbem-30123	242	12	growth	growth	NOUN
fbem-30123	242	13	capability	capability	NOUN
fbem-30123	242	14	of	of	ADP
fbem-30123	242	15	it	it	PRON
fbem-30123	242	16	listed	list	VERB
fbem-30123	242	17	companies	company	NOUN
fbem-30123	242	18	based	base	VERB
fbem-30123	242	19	on	on	ADP
fbem-30123	242	20	financial	financial	ADJ
fbem-30123	242	21	perspectives	perspective	NOUN
fbem-30123	242	22	,	,	PUNCT
fbem-30123	242	23	”	"	PUNCT
fbem-30123	242	24	m.s	m.s	PROPN
fbem-30123	242	25	.	.	PROPN
fbem-30123	242	26	thesis	thesis	PROPN
fbem-30123	242	27	,	,	PUNCT
fbem-30123	242	28	shenyang	shenyang	PROPN
fbem-30123	242	29	ligong	ligong	PROPN
fbem-30123	242	30	university	university	PROPN
fbem-30123	242	31	,	,	PUNCT
fbem-30123	242	32	shenyang	shenyang	PROPN
fbem-30123	242	33	,	,	PUNCT
fbem-30123	242	34	china	china	PROPN
fbem-30123	242	35	,	,	PUNCT
fbem-30123	242	36	2013	2013	NUM
fbem-30123	242	37	.	.	PUNCT
fbem-30123	243	1	[	[	X
fbem-30123	243	2	15	15	NUM
fbem-30123	243	3	]	]	X
fbem-30123	243	4	y.	y.	PROPN
fbem-30123	243	5	sun	sun	PROPN
fbem-30123	243	6	,	,	PUNCT
fbem-30123	243	7	“	"	PUNCT
fbem-30123	243	8	evaluation	evaluation	NOUN
fbem-30123	243	9	of	of	ADP
fbem-30123	243	10	sustainable	sustainable	ADJ
fbem-30123	243	11	growth	growth	NOUN
fbem-30123	243	12	capability	capability	NOUN
fbem-30123	243	13	and	and	CCONJ
fbem-30123	243	14	financial	financial	ADJ
fbem-30123	243	15	strategies	strategy	NOUN
fbem-30123	243	16	for	for	ADP
fbem-30123	243	17	small	small	ADJ
fbem-30123	243	18	and	and	CCONJ
fbem-30123	243	19	medium	medium	ADJ
fbem-30123	243	20	-	-	PUNCT
fbem-30123	243	21	sized	sized	ADJ
fbem-30123	243	22	biopharmaceutical	biopharmaceutical	ADJ
fbem-30123	243	23	enterprises	enterprise	NOUN
fbem-30123	243	24	,	,	PUNCT
fbem-30123	243	25	”	"	PUNCT
fbem-30123	243	26	m.s	m.s	PROPN
fbem-30123	243	27	.	.	PROPN
fbem-30123	243	28	thesis	thesis	PROPN
fbem-30123	243	29	,	,	PUNCT
fbem-30123	243	30	harbin	harbin	PROPN
fbem-30123	243	31	university	university	PROPN
fbem-30123	243	32	of	of	ADP
fbem-30123	243	33	science	science	NOUN
fbem-30123	243	34	and	and	CCONJ
fbem-30123	243	35	technology	technology	NOUN
fbem-30123	243	36	,	,	PUNCT
fbem-30123	243	37	harbin	harbin	PROPN
fbem-30123	243	38	,	,	PUNCT
fbem-30123	243	39	china	china	PROPN
fbem-30123	243	40	,	,	PUNCT
fbem-30123	243	41	2013	2013	NUM
fbem-30123	243	42	.	.	PUNCT
fbem-30123	244	1	[	[	X
fbem-30123	244	2	16	16	NUM
fbem-30123	244	3	]	]	X
fbem-30123	244	4	y.	y.	PROPN
fbem-30123	244	5	zeng	zeng	PROPN
fbem-30123	244	6	,	,	PUNCT
fbem-30123	244	7	l.	l.	PROPN
fbem-30123	244	8	wang	wang	PROPN
fbem-30123	244	9	,	,	PUNCT
fbem-30123	244	10	and	and	CCONJ
fbem-30123	244	11	w.	w.	PROPN
fbem-30123	244	12	y.	y.	PROPN
fbem-30123	244	13	li	li	PROPN
fbem-30123	244	14	,	,	PUNCT
fbem-30123	244	15	“	"	PUNCT
fbem-30123	244	16	analysis	analysis	NOUN
fbem-30123	244	17	of	of	ADP
fbem-30123	244	18	midea	midea	NOUN
fbem-30123	244	19	group	group	NOUN
fbem-30123	244	20	’s	’s	PART
fbem-30123	244	21	sustainable	sustainable	ADJ
fbem-30123	244	22	growth	growth	NOUN
fbem-30123	244	23	capability	capability	NOUN
fbem-30123	244	24	,	,	PUNCT
fbem-30123	244	25	”	"	PUNCT
fbem-30123	244	26	cooperative	cooperative	ADJ
fbem-30123	244	27	economy	economy	NOUN
fbem-30123	244	28	and	and	CCONJ
fbem-30123	244	29	technology	technology	NOUN
fbem-30123	244	30	,	,	PUNCT
fbem-30123	244	31	vol	vol	NOUN
fbem-30123	244	32	.	.	PROPN
fbem-30123	244	33	700	700	NUM
fbem-30123	244	34	,	,	PUNCT
fbem-30123	244	35	no	no	INTJ
fbem-30123	244	36	.	.	NOUN
fbem-30123	244	37	5	5	NUM
fbem-30123	244	38	,	,	PUNCT
fbem-30123	244	39	2023	2023	NUM
fbem-30123	244	40	,	,	PUNCT
fbem-30123	244	41	pp	pp	ADJ
fbem-30123	244	42	.	.	PUNCT
fbem-30123	245	1	140–142	140–142	NUM
fbem-30123	245	2	.	.	PUNCT
fbem-30123	246	1	[	[	X
fbem-30123	246	2	17	17	NUM
fbem-30123	246	3	]	]	X
fbem-30123	246	4	f.	f.	PROPN
fbem-30123	246	5	zhang	zhang	PROPN
fbem-30123	246	6	,	,	PUNCT
fbem-30123	246	7	“	"	PUNCT
fbem-30123	246	8	research	research	NOUN
fbem-30123	246	9	on	on	ADP
fbem-30123	246	10	the	the	DET
fbem-30123	246	11	sustainable	sustainable	ADJ
fbem-30123	246	12	growth	growth	NOUN
fbem-30123	246	13	capability	capability	NOUN
fbem-30123	246	14	of	of	ADP
fbem-30123	246	15	lu’an	lu’an	PROPN
fbem-30123	246	16	environmental	environmental	ADJ
fbem-30123	246	17	energy	energy	NOUN
fbem-30123	246	18	,	,	PUNCT
fbem-30123	246	19	”	"	PUNCT
fbem-30123	246	20	m.s	m.s	PROPN
fbem-30123	246	21	.	.	PROPN
fbem-30123	246	22	thesis	thesis	PROPN
fbem-30123	246	23	,	,	PUNCT
fbem-30123	246	24	shanxi	shanxi	PROPN
fbem-30123	246	25	university	university	PROPN
fbem-30123	246	26	,	,	PUNCT
fbem-30123	246	27	taiyuan	taiyuan	PROPN
fbem-30123	246	28	,	,	PUNCT
fbem-30123	246	29	china	china	PROPN
fbem-30123	246	30	,	,	PUNCT
fbem-30123	246	31	2011	2011	NUM
fbem-30123	246	32	.	.	PUNCT
fbem-30123	247	1	[	[	X
fbem-30123	247	2	18	18	NUM
fbem-30123	247	3	]	]	PUNCT
fbem-30123	247	4	x.	x.	NOUN
fbem-30123	247	5	y.	y.	PROPN
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fbem-30123	247	8	“	"	PUNCT
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fbem-30123	247	10	sustainable	sustainable	ADJ
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fbem-30123	247	12	capability	capability	NOUN
fbem-30123	247	13	:	:	PUNCT
fbem-30123	247	14	a	a	DET
fbem-30123	247	15	case	case	NOUN
fbem-30123	247	16	study	study	NOUN
fbem-30123	247	17	of	of	ADP
fbem-30123	247	18	weichai	weichai	PROPN
fbem-30123	247	19	power	power	NOUN
fbem-30123	247	20	,	,	PUNCT
fbem-30123	247	21	”	"	PUNCT
fbem-30123	247	22	chinese	chinese	ADJ
fbem-30123	247	23	and	and	CCONJ
fbem-30123	247	24	foreign	foreign	ADJ
fbem-30123	247	25	entrepreneurs	entrepreneur	NOUN
fbem-30123	247	26	,	,	PUNCT
fbem-30123	247	27	vol	vol	NOUN
fbem-30123	247	28	.	.	PROPN
fbem-30123	248	1	559	559	NUM
fbem-30123	248	2	,	,	PUNCT
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fbem-30123	248	4	.	.	NOUN
fbem-30123	248	5	5	5	NUM
fbem-30123	248	6	,	,	PUNCT
fbem-30123	248	7	2017	2017	NUM
fbem-30123	248	8	,	,	PUNCT
fbem-30123	248	9	pp	pp	ADJ
fbem-30123	248	10	.	.	PUNCT
fbem-30123	249	1	1–4	1–4	NUM
fbem-30123	249	2	+	+	NOUN
fbem-30123	249	3	7	7	NUM
fbem-30123	249	4	.	.	PUNCT
fbem-30123	250	1	[	[	X
fbem-30123	250	2	19	19	NUM
fbem-30123	250	3	]	]	X
fbem-30123	251	1	h.	h.	PROPN
fbem-30123	251	2	liu	liu	PROPN
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fbem-30123	251	4	x.	x.	PROPN
fbem-30123	251	5	h.	h.	PROPN
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fbem-30123	251	8	“	"	PUNCT
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fbem-30123	251	11	of	of	ADP
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fbem-30123	251	13	growth	growth	NOUN
fbem-30123	251	14	under	under	ADP
fbem-30123	251	15	seasoned	seasoned	ADJ
fbem-30123	251	16	equity	equity	NOUN
fbem-30123	251	17	offerings	offering	NOUN
fbem-30123	251	18	:	:	PUNCT
fbem-30123	251	19	a	a	DET
fbem-30123	251	20	case	case	NOUN
fbem-30123	251	21	study	study	NOUN
fbem-30123	251	22	of	of	ADP
fbem-30123	251	23	vanke	vanke	NOUN
fbem-30123	251	24	,	,	PUNCT
fbem-30123	251	25	”	"	PUNCT
fbem-30123	251	26	economic	economic	ADJ
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fbem-30123	251	28	,	,	PUNCT
fbem-30123	251	29	no	no	INTJ
fbem-30123	251	30	.	.	NOUN
fbem-30123	251	31	1	1	NUM
fbem-30123	251	32	,	,	PUNCT
fbem-30123	251	33	2010	2010	NUM
fbem-30123	251	34	,	,	PUNCT
fbem-30123	251	35	pp	pp	ADJ
fbem-30123	251	36	.	.	PUNCT
fbem-30123	252	1	155–158	155–158	NUM
fbem-30123	252	2	.	.	PUNCT
fbem-30123	253	1	[	[	X
fbem-30123	253	2	20	20	NUM
fbem-30123	253	3	]	]	PUNCT
fbem-30123	253	4	j.	j.	PROPN
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fbem-30123	253	6	,	,	PUNCT
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fbem-30123	253	8	analysis	analysis	NOUN
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fbem-30123	253	10	sustainable	sustainable	ADJ
fbem-30123	253	11	growth	growth	NOUN
fbem-30123	253	12	capability	capability	NOUN
fbem-30123	253	13	of	of	ADP
fbem-30123	253	14	chinese	chinese	ADJ
fbem-30123	253	15	listed	list	VERB
fbem-30123	253	16	companies	company	NOUN
fbem-30123	253	17	,	,	PUNCT
fbem-30123	253	18	”	"	PUNCT
fbem-30123	253	19	technology	technology	NOUN
fbem-30123	253	20	and	and	CCONJ
fbem-30123	253	21	market	market	NOUN
fbem-30123	253	22	,	,	PUNCT
fbem-30123	253	23	vol	vol	NOUN
fbem-30123	253	24	.	.	PROPN
fbem-30123	253	25	21	21	NUM
fbem-30123	253	26	,	,	PUNCT
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fbem-30123	253	28	.	.	NOUN
fbem-30123	253	29	2	2	NUM
fbem-30123	253	30	,	,	PUNCT
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fbem-30123	253	32	108–109	108–109	NUM
fbem-30123	253	33	,	,	PUNCT
fbem-30123	253	34	14	14	NUM
fbem-30123	253	35	.	.	PUNCT
fbem-30123	254	1	[	[	X
fbem-30123	254	2	21	21	NUM
fbem-30123	254	3	]	]	X
fbem-30123	254	4	h.	h.	PROPN
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fbem-30123	254	10	analysis	analysis	NOUN
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fbem-30123	254	12	listed	list	VERB
fbem-30123	254	13	companies	company	NOUN
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fbem-30123	254	17	:	:	PUNCT
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fbem-30123	254	25	”	"	PUNCT
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fbem-30123	254	27	accounting	accounting	NOUN
fbem-30123	254	28	,	,	PUNCT
fbem-30123	254	29	vol	vol	NOUN
fbem-30123	254	30	.	.	PROPN
fbem-30123	255	1	582	582	NUM
fbem-30123	255	2	,	,	PUNCT
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fbem-30123	255	4	.	.	NOUN
fbem-30123	255	5	6	6	NUM
fbem-30123	255	6	,	,	PUNCT
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fbem-30123	255	8	,	,	PUNCT
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fbem-30123	256	1	42–43	42–43	NUM
fbem-30123	256	2	.	.	PUNCT
fbem-30123	257	1	[	[	X
fbem-30123	257	2	22	22	NUM
fbem-30123	257	3	]	]	PUNCT
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fbem-30123	257	7	z.	z.	PROPN
fbem-30123	257	8	h.	h.	PROPN
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fbem-30123	257	12	financial	financial	ADJ
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fbem-30123	257	15	countermeasures	countermeasure	NOUN
fbem-30123	257	16	for	for	ADP
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fbem-30123	257	28	.	.	PROPN
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fbem-30123	258	2	,	,	PUNCT
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fbem-30123	258	4	.	.	NOUN
fbem-30123	258	5	21	21	NUM
fbem-30123	258	6	,	,	PUNCT
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fbem-30123	258	8	,	,	PUNCT
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fbem-30123	258	11	.	.	PUNCT
fbem-30123	259	1	[	[	X
fbem-30123	259	2	23	23	NUM
fbem-30123	259	3	]	]	PUNCT
fbem-30123	259	4	x.	x.	NOUN
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fbem-30123	259	8	a.	a.	PROPN
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fbem-30123	259	30	,	,	PUNCT
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fbem-30123	260	2	,	,	PUNCT
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fbem-30123	260	6	,	,	PUNCT
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fbem-30123	261	1	84–86	84–86	NUM
fbem-30123	261	2	,	,	PUNCT
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fbem-30123	261	4	.	.	PUNCT
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fbem-30123	262	2	24	24	NUM
fbem-30123	262	3	]	]	X
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fbem-30123	262	32	.	.	PROPN
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fbem-30123	263	6	,	,	PUNCT
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fbem-30123	263	8	.	.	PUNCT
fbem-30123	264	1	27–29	27–29	NUM
fbem-30123	264	2	,	,	PUNCT
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fbem-30123	264	4	.	.	PUNCT
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fbem-30123	265	25	.	.	PROPN
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fbem-30123	265	27	,	,	PUNCT
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fbem-30123	265	35	,	,	PUNCT
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fbem-30123	266	20	(	(	PUNCT
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fbem-30123	266	23	property	property	PROPN
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fbem-30123	266	27	.	.	NOUN
fbem-30123	266	28	1	1	NUM
fbem-30123	266	29	,	,	PUNCT
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fbem-30123	267	1	135–136	135–136	NUM
fbem-30123	267	2	,	,	PUNCT
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fbem-30123	268	7	“	"	PUNCT
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fbem-30123	268	12	in	in	ADP
fbem-30123	268	13	mergers	merger	NOUN
fbem-30123	268	14	and	and	CCONJ
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fbem-30123	268	18	enterprises	enterprise	NOUN
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fbem-30123	268	20	”	"	PUNCT
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fbem-30123	268	25	,	,	PUNCT
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fbem-30123	268	27	.	.	PUNCT
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fbem-30123	269	4	.	.	NOUN
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fbem-30123	270	1	156–157	156–157	NUM
fbem-30123	270	2	,	,	PUNCT
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fbem-30123	271	1	[	[	X
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fbem-30123	271	3	]	]	X
fbem-30123	271	4	y.	y.	NOUN
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fbem-30123	271	7	“	"	PUNCT
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fbem-30123	271	10	marketing	marketing	NOUN
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fbem-30123	271	12	for	for	ADP
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fbem-30123	271	14	’s	’s	PART
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fbem-30123	271	16	stick	stick	NOUN
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fbem-30123	271	18	,	,	PUNCT
fbem-30123	271	19	”	"	PUNCT
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fbem-30123	271	27	changchun	changchun	PROPN
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fbem-30123	272	4	x.	x.	PROPN
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fbem-30123	272	6	hua	hua	PROPN
fbem-30123	272	7	,	,	PUNCT
fbem-30123	272	8	“	"	PUNCT
fbem-30123	272	9	operational	operational	ADJ
fbem-30123	272	10	status	status	NOUN
fbem-30123	272	11	and	and	CCONJ
fbem-30123	272	12	countermeasures	countermeasure	NOUN
fbem-30123	272	13	of	of	ADP
fbem-30123	272	14	regional	regional	ADJ
fbem-30123	272	15	dairy	dairy	NOUN
fbem-30123	272	16	enterprises	enterprise	NOUN
fbem-30123	272	17	under	under	ADP
fbem-30123	272	18	the	the	DET
fbem-30123	272	19	pandemic	pandemic	ADJ
fbem-30123	272	20	,	,	PUNCT
fbem-30123	272	21	”	"	PUNCT
fbem-30123	272	22	china	china	PROPN
fbem-30123	272	23	forestry	forestry	PROPN
fbem-30123	272	24	economy	economy	NOUN
fbem-30123	272	25	,	,	PUNCT
fbem-30123	272	26	vol	vol	NOUN
fbem-30123	272	27	.	.	PROPN
fbem-30123	272	28	169	169	NUM
fbem-30123	272	29	,	,	PUNCT
fbem-30123	272	30	no	no	INTJ
fbem-30123	272	31	.	.	NOUN
fbem-30123	272	32	4	4	NUM
fbem-30123	272	33	,	,	PUNCT
fbem-30123	272	34	pp	pp	ADJ
fbem-30123	272	35	.	.	PUNCT
fbem-30123	272	36	47–49	47–49	NUM
fbem-30123	272	37	,	,	PUNCT
fbem-30123	272	38	2021	2021	NUM
fbem-30123	272	39	.	.	PUNCT
fbem-30123	273	1	[	[	X
fbem-30123	273	2	30	30	NUM
fbem-30123	273	3	]	]	PUNCT
fbem-30123	273	4	j.	j.	PROPN
fbem-30123	273	5	y.	y.	PROPN
fbem-30123	273	6	luo	luo	PROPN
fbem-30123	273	7	,	,	PUNCT
fbem-30123	273	8	“	"	PUNCT
fbem-30123	273	9	research	research	NOUN
fbem-30123	273	10	on	on	ADP
fbem-30123	273	11	influencing	influence	VERB
fbem-30123	273	12	factors	factor	NOUN
fbem-30123	273	13	of	of	ADP
fbem-30123	273	14	corporate	corporate	ADJ
fbem-30123	273	15	sustainable	sustainable	ADJ
fbem-30123	273	16	growth	growth	NOUN
fbem-30123	273	17	capability	capability	NOUN
fbem-30123	273	18	,	,	PUNCT
fbem-30123	273	19	”	"	PUNCT
fbem-30123	273	20	modern	modern	ADJ
fbem-30123	273	21	economic	economic	ADJ
fbem-30123	273	22	information	information	NOUN
fbem-30123	273	23	,	,	PUNCT
fbem-30123	273	24	no	no	INTJ
fbem-30123	273	25	.	.	NOUN
fbem-30123	273	26	9	9	NUM
fbem-30123	273	27	,	,	PUNCT
fbem-30123	273	28	p.	p.	NOUN
fbem-30123	273	29	61	61	NUM
fbem-30123	273	30	,	,	PUNCT
fbem-30123	273	31	2016	2016	NUM
fbem-30123	273	32	.	.	PUNCT
fbem-30123	274	1	[	[	X
fbem-30123	274	2	31	31	NUM
fbem-30123	274	3	]	]	PUNCT
fbem-30123	274	4	j.	j.	PROPN
fbem-30123	274	5	kang	kang	PROPN
fbem-30123	274	6	,	,	PUNCT
fbem-30123	274	7	“	"	PUNCT
fbem-30123	274	8	empirical	empirical	ADJ
fbem-30123	274	9	study	study	NOUN
fbem-30123	274	10	on	on	ADP
fbem-30123	274	11	the	the	DET
fbem-30123	274	12	correlation	correlation	NOUN
fbem-30123	274	13	between	between	ADP
fbem-30123	274	14	sustainable	sustainable	ADJ
fbem-30123	274	15	growth	growth	NOUN
fbem-30123	274	16	and	and	CCONJ
fbem-30123	274	17	financing	financing	NOUN
fbem-30123	274	18	of	of	ADP
fbem-30123	274	19	smes	sme	NOUN
fbem-30123	274	20	listed	list	VERB
fbem-30123	274	21	on	on	ADP
fbem-30123	274	22	the	the	DET
fbem-30123	274	23	sme	sme	PROPN
fbem-30123	274	24	board	board	PROPN
fbem-30123	274	25	,	,	PUNCT
fbem-30123	274	26	”	"	PUNCT
fbem-30123	274	27	communication	communication	NOUN
fbem-30123	274	28	of	of	ADP
fbem-30123	274	29	finance	finance	NOUN
fbem-30123	274	30	and	and	CCONJ
fbem-30123	274	31	accounting	accounting	NOUN
fbem-30123	274	32	,	,	PUNCT
fbem-30123	274	33	no	no	INTJ
fbem-30123	274	34	.	.	NOUN
fbem-30123	274	35	5	5	NUM
fbem-30123	274	36	,	,	PUNCT
fbem-30123	274	37	pp	pp	ADJ
fbem-30123	274	38	.	.	PUNCT
fbem-30123	275	1	32–34	32–34	NUM
fbem-30123	275	2	,	,	PUNCT
fbem-30123	275	3	2013	2013	NUM
fbem-30123	275	4	.	.	PUNCT
fbem-30123	276	1	[	[	X
fbem-30123	276	2	32	32	NUM
fbem-30123	276	3	]	]	PUNCT
fbem-30123	276	4	j.	j.	PROPN
fbem-30123	276	5	zhang	zhang	PROPN
fbem-30123	276	6	,	,	PUNCT
fbem-30123	276	7	“	"	PUNCT
fbem-30123	276	8	analysis	analysis	NOUN
fbem-30123	276	9	of	of	ADP
fbem-30123	276	10	financial	financial	ADJ
fbem-30123	276	11	statements	statement	NOUN
fbem-30123	276	12	of	of	ADP
fbem-30123	276	13	listed	list	VERB
fbem-30123	276	14	companies	company	NOUN
fbem-30123	276	15	,	,	PUNCT
fbem-30123	276	16	”	"	PUNCT
fbem-30123	276	17	financial	financial	ADJ
fbem-30123	276	18	community	community	NOUN
fbem-30123	276	19	,	,	PUNCT
fbem-30123	276	20	no	no	INTJ
fbem-30123	276	21	.	.	NOUN
fbem-30123	276	22	10	10	NUM
fbem-30123	276	23	,	,	PUNCT
fbem-30123	276	24	pp	pp	ADJ
fbem-30123	276	25	.	.	PUNCT
fbem-30123	277	1	134–136	134–136	NUM
fbem-30123	277	2	,	,	PUNCT
fbem-30123	277	3	2022	2022	NUM
fbem-30123	277	4	.	.	PUNCT
fbem-30123	278	1	[	[	X
fbem-30123	278	2	33	33	NUM
fbem-30123	278	3	]	]	X
fbem-30123	278	4	y.	y.	PROPN
fbem-30123	278	5	f.	f.	PROPN
fbem-30123	278	6	wang	wang	PROPN
fbem-30123	278	7	,	,	PUNCT
fbem-30123	278	8	“	"	PUNCT
fbem-30123	278	9	corporate	corporate	ADJ
fbem-30123	278	10	financial	financial	ADJ
fbem-30123	278	11	crisis	crisis	NOUN
fbem-30123	278	12	from	from	ADP
fbem-30123	278	13	the	the	DET
fbem-30123	278	14	perspective	perspective	NOUN
fbem-30123	278	15	of	of	ADP
fbem-30123	278	16	financing	financing	NOUN
fbem-30123	278	17	and	and	CCONJ
fbem-30123	278	18	sustainable	sustainable	ADJ
fbem-30123	278	19	growth	growth	NOUN
fbem-30123	278	20	,	,	PUNCT
fbem-30123	278	21	”	"	PUNCT
fbem-30123	278	22	china	china	PROPN
fbem-30123	278	23	township	township	PROPN
fbem-30123	278	24	enterprises	enterprise	NOUN
fbem-30123	278	25	accounting	account	VERB
fbem-30123	278	26	,	,	PUNCT
fbem-30123	278	27	no	no	INTJ
fbem-30123	278	28	.	.	NOUN
fbem-30123	278	29	5	5	NUM
fbem-30123	278	30	,	,	PUNCT
fbem-30123	278	31	pp	pp	ADJ
fbem-30123	278	32	.	.	PUNCT
fbem-30123	279	1	37–38	37–38	NUM
fbem-30123	279	2	,	,	PUNCT
fbem-30123	279	3	2019	2019	NUM
fbem-30123	279	4	.	.	PUNCT
fbem-30123	280	1	[	[	X
fbem-30123	280	2	34	34	NUM
fbem-30123	280	3	]	]	X
fbem-30123	280	4	w.	w.	PROPN
fbem-30123	280	5	h.	h.	PROPN
fbem-30123	280	6	yang	yang	PROPN
fbem-30123	280	7	,	,	PUNCT
fbem-30123	280	8	z.	z.	PROPN
fbem-30123	280	9	s.	s.	PROPN
fbem-30123	280	10	liu	liu	PROPN
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fbem-30123	280	12	and	and	CCONJ
fbem-30123	280	13	h.	h.	PROPN
fbem-30123	280	14	p.	p.	PROPN
fbem-30123	280	15	lin	lin	PROPN
fbem-30123	280	16	,	,	PUNCT
fbem-30123	280	17	“	"	PUNCT
fbem-30123	280	18	development	development	NOUN
fbem-30123	280	19	prospects	prospect	NOUN
fbem-30123	280	20	of	of	ADP
fbem-30123	280	21	processed	process	VERB
fbem-30123	280	22	cheese	cheese	NOUN
fbem-30123	280	23	in	in	ADP
fbem-30123	280	24	china	china	PROPN
fbem-30123	280	25	,	,	PUNCT
fbem-30123	280	26	”	"	PUNCT
fbem-30123	280	27	agricultural	agricultural	ADJ
fbem-30123	280	28	product	product	NOUN
fbem-30123	280	29	processing	processing	NOUN
fbem-30123	280	30	,	,	PUNCT
fbem-30123	280	31	vol	vol	NOUN
fbem-30123	280	32	.	.	PROPN
fbem-30123	280	33	108	108	NUM
fbem-30123	280	34	,	,	PUNCT
fbem-30123	280	35	no	no	INTJ
fbem-30123	280	36	.	.	NOUN
fbem-30123	280	37	8	8	NUM
fbem-30123	280	38	,	,	PUNCT
fbem-30123	280	39	pp	pp	ADJ
fbem-30123	280	40	.	.	PUNCT
fbem-30123	281	1	67–69	67–69	NUM
fbem-30123	281	2	,	,	PUNCT
fbem-30123	281	3	2007	2007	NUM
fbem-30123	281	4	.	.	PUNCT
fbem-30123	282	1	[	[	X
fbem-30123	282	2	35	35	NUM
fbem-30123	282	3	]	]	X
fbem-30123	282	4	l.	l.	PROPN
fbem-30123	282	5	h.	h.	PROPN
fbem-30123	282	6	cui	cui	PROPN
fbem-30123	282	7	and	and	CCONJ
fbem-30123	282	8	r.	r.	PROPN
fbem-30123	282	9	guo	guo	PROPN
fbem-30123	282	10	,	,	PUNCT
fbem-30123	282	11	“	"	PUNCT
fbem-30123	282	12	impact	impact	NOUN
fbem-30123	282	13	of	of	ADP
fbem-30123	282	14	the	the	DET
fbem-30123	282	15	covid-19	covid-19	PROPN
fbem-30123	282	16	pandemic	pandemic	NOUN
fbem-30123	282	17	on	on	ADP
fbem-30123	282	18	dairy	dairy	NOUN
fbem-30123	282	19	consumption	consumption	NOUN
fbem-30123	282	20	behavior	behavior	NOUN
fbem-30123	282	21	,	,	PUNCT
fbem-30123	282	22	”	"	PUNCT
fbem-30123	282	23	china	china	PROPN
fbem-30123	282	24	dairy	dairy	NOUN
fbem-30123	282	25	industry	industry	NOUN
fbem-30123	282	26	,	,	PUNCT
fbem-30123	282	27	vol	vol	NOUN
fbem-30123	282	28	.	.	NOUN
fbem-30123	282	29	220	220	NUM
fbem-30123	282	30	,	,	PUNCT
fbem-30123	282	31	no	no	INTJ
fbem-30123	282	32	.	.	NOUN
fbem-30123	282	33	4	4	NUM
fbem-30123	282	34	,	,	PUNCT
fbem-30123	282	35	pp	pp	ADJ
fbem-30123	282	36	.	.	PUNCT
fbem-30123	283	1	33–37	33–37	NUM
fbem-30123	283	2	,	,	PUNCT
fbem-30123	283	3	2020	2020	NUM
fbem-30123	283	4	.	.	PUNCT
fbem-30123	284	1	[	[	X
fbem-30123	284	2	36	36	NUM
fbem-30123	284	3	]	]	X
fbem-30123	284	4	y.	y.	PROPN
fbem-30123	284	5	h.	h.	PROPN
fbem-30123	284	6	bai	bai	PROPN
fbem-30123	284	7	,	,	PUNCT
fbem-30123	284	8	“	"	PUNCT
fbem-30123	284	9	key	key	ADJ
fbem-30123	284	10	research	research	NOUN
fbem-30123	284	11	on	on	ADP
fbem-30123	284	12	financial	financial	ADJ
fbem-30123	284	13	strategies	strategy	NOUN
fbem-30123	284	14	for	for	ADP
fbem-30123	284	15	enterprise	enterprise	NOUN
fbem-30123	284	16	sustainable	sustainable	ADJ
fbem-30123	284	17	growth	growth	NOUN
fbem-30123	284	18	,	,	PUNCT
fbem-30123	284	19	”	"	PUNCT
fbem-30123	284	20	modern	modern	ADJ
fbem-30123	284	21	economic	economic	ADJ
fbem-30123	284	22	information	information	NOUN
fbem-30123	284	23	,	,	PUNCT
fbem-30123	284	24	no	no	INTJ
fbem-30123	284	25	.	.	NOUN
fbem-30123	284	26	9	9	NUM
fbem-30123	284	27	,	,	PUNCT
fbem-30123	284	28	p.	p.	NOUN
fbem-30123	284	29	254	254	NUM
fbem-30123	284	30	,	,	PUNCT
fbem-30123	284	31	2019	2019	NUM
fbem-30123	284	32	.	.	PUNCT