untitled

2008 11 14 2008 11 14 5628 4628 3628 2628 1628 071114 080215 080513 080805 081104 300 +68.50 1927.61 +247.36 6364.03-717.74 13221.35-338.96 6795.58-135.03 2793.79-177.74 4437.83 225-456.87 8238.64-35.42 1088.44 - +552.59 8835.25 +97.49 1596.70 500 +58.99 911.29 FTSE -12.79 4169.21 CAC +35.50 3269.46 DAX +28.72 4649.52 A (%) -51.8-2.0 6.7-56.8-14.2 10.0-56.9-10.3 5.3-57.2-6.4 5.2-58.7-7.1 6.4 (%) -76.5-9.2 10.4-76.0-10.0 15.8-74.8-9.3 10.8-74.4-15.6 8.8-74.1-8.0 12.4 (8621)61038257 zhaoli gjzq.com.cn 969 15A 200011 2008 11 13 10 0.3% 16 3600 67 (00700.HK)12 80.00 70.00 (00700.HK) 70.00 68.00 DBS (00700.HK) 60.00 65.00 (01688.HK) 3.90 此报告仅供上海证券报使用 1

2008 11 14 (01186.HK)12 11.90 (00390.HK) 3.80 (01800.HK) 8.30 (00857.HK) 7.60 6.40 (00883.HK) 15.30 7.80 (00386.HK) 9.93 6.10 DBS (02331.HK) 20.50 (02331.HK) 15.40 (00493.HK) 3.10 1.30 12 4.50 2.60 (00980.HK) 12.50 8.90 (00576.HK) 6.30 6.10 (00349.HK) 10.00 (02888.HK)12 180.00 (02888.HK) (00267.HK) 6.66 44% 3.75 (08277.HK) 6.50 5.20 (08277.HK) 9.15 8.00 (00388.HK) 75.00 125.10 (00388.HK) 126.00 52.00 (00388.HK) 65.00 DBS 12 78.00 63.00 84.20 2

2008 11 14 (00293.HK) 11.70 7.30 6 10.15 (02332.HK) 11.70 11.00 3.00 (02332.HK) 10.20 (02332.HK) 12.20 (02332.HK) 11.55 9.80 (00013.HK) (00013.HK) 81.00 57.60 66.00 (00823.HK) 18.20 18.40 12 16.85 (00823.HK) 26% 17.50 (08199.HK) 10.39 3

2008 11 14 2008 11 13 1 A 6.6% 5.3% 3.85% 3% 2% 3.68% 1% 6.6% 3.85% 7% LG (LCD) 177.74 4 437.83 5.3% Soy 456.87 8 238.64 4.3% 837.53 3.15% 1 088.44 7% 1 040.34 5.9% 2 9 1.6% 12 9 1.6% 2.4% 8 0.8% 0.7% 9 2.6% 2.5% 1.8% 0.8% 0.4% 9 3.7% 0.5% 9 27 1.1% 2.1% 3 100 4

2008 11 14 11 12 100 7.0% 8.0% 10% 12% 200 10 500 8 1470 11 13% 11 12 30.79 30.41 2006 2 11 Micex 13% RTS 11% 12 0.3 Ui Credit SpA 70 10% 15% 1 10 8.2% 10 500 8.2% 9.7 7.8% 2.7% 13.8% 11.9% 10.9% 13.9% 6.9% 3.4% 5.6% 2.2 1635 9.2% 3.9% 2645 4.0% 3413 3590 4293 16.8% 17.0% 12.4% 1.2 1.1% 73 0.7% 41.7 6.2% 97.4% 0.78 7089 6.8% 1-10 14.4% 4 4 4 4 1 GDP 7% 5

2008 11 14 2 3 4 4 4 1.65 3.1 4 2.5 20% 4 1 3000 3500 6000 3.5 3 9000 1000 3000 2008 2 5 3000 1000 4 4 3770 27.9% 4 6

2008 11 14 10 0.3% 1-10 54275.81 22.6% 10 10 5328.95 0.3% 1996 7 8 9 16.5% 10.1% 3.1% 10 10 2776.38 8.4% 10 4143.17 582.92 16.4% 1-10 40571.31 7994.73 24.5% 16 601766 16 11 10 3000 1500 25G 2 7

2008 11 14 2004 2.3 2 1.6 3600 11 40 40 8.1 30 40.5 1000 8.47% 300 3.68% 4.01% 27.27 14 13.27 11 14 2009 900 600 300 300 40.5 400-500 4 8

2008 11 14 1998 3800 1.2 7.17 33 67 6 4 70% 20% 1159 600 1800 1 3 5400 7200 3600 2006 2092.85 2007 2441 1842.73 2500 11 26 412 2007 81 87% 52.7 82.7% 8 9 195 80 9

2008 11 14 600517 002028 002074 600875 600406 220kv 25% 10 600202 67 12 1 67 ( H ) 200 25 10 10 3413 3590 4293 16.8% 17.0% 12.4% 9 342 371 299 13 (2008-2020 ) 13 16900 5 5 5 10

2008 11 14 7 6 29 18 8.5 100% 25% 20 2006 10 8 2006 3780.70 3500 ( 52.24%) 2006 5 2 2008 50% 11

2008 11 14 1 02161038261 2 02161038263 1 2008 10 02161038297 2 2008 10 02161038297 1 1 12 2008 12 1 3770 27.9% 1 5% 2 5% 3 10% 4 15% 5 15% 6 2 1 2 2008 1~9 36.7% 3 12

2008 11 14 1 2 3 2 2009 2009 2008 2008 2008-2010 EPS 0.551 0.760 1.220 2008-2010 2938.38 6354.42 9142.20 2008-2010 1266.69 1745.79 2803.35 8.75-9.10 13

2008 11 14 A 07EPS () 08EPS () 08EPS () 09EPS () 09EPS () A () 0.994 1.550 1.511 1.792 1.780 1649103.80 20080425 47.79 20080901 27.60 19.93 0.852 1.666 1.951 2.510 1.881 115054.20 20080328 28.79 20080827 18.15 11.35 0.634 0.445 0.449 0.777 0.685 6992195.10 20080825 10.14 20081029 6.82 7.66 0.706 0.794 0.898 0.659 0.966 13747.44 20080911 11.28 20081026 7.60 7.56 0.284 0.403 0.419 0.588 0.503 139650.00 20080819 8.62 20081016 4.87 4.93 0.303 0.455 0.392 0.921 0.523 121277.06 20080525 16.29 20080821 7.60 7.89 0.209 0.356 0.340 0.547 0.518 36889.13 20080619 6.52 20080822 6.25 5.76 0.443 1.010 1.092 1.340 1.385 19513.39 20080427 15.91 20080908 10.38 13.20 0.592 0.756 0.775 0.896 0.628 362607.92 20080428 10.27 20080828 4.55 4.55 0.746 0.654 0.621 0.718 0.537 569624.78 20080828 4.94 3.89 1.040 1.086 1.209 0.915 0.961 614900.78 20080811 9.80 20081024 6.08 7.25 0.589 0.710 0.515 0.903 0.441 273765.00 20080506 9.26 20080830 5.48 4.27 0.272 0.301 0.253 0.349 0.229 642336.13 20080826 2.96 2.69 0.726 0.989 0.755 1.093 0.612 1751200.00 20080429 12.97 20080829 6.52 5.47 0.799 0.999 0.971 1.047 0.822 173360.00 20080830 7.59 5.43 0.620 0.661 0.569 0.713 0.546 67583.10 20080602 14.46 20080819 6.07 4.56 0.612 0.603 0.488 0.710 0.408 168480.00 20080818 3.95 3.08 0.883 0.690 0.602 0.786 0.550 87360.00 20080825 6.38 5.13 0.520 0.967 0.956 1.179 1.042 76644.89 20080423 11.24 20080822 7.62 5.23 0.366 0.398 0.498 0.323 0.380 502562.17 20080815 4.38 20081015 3.63 4.08 1.424 1.170 1.108 0.612 0.634 48017.61 20080923 10.93 20081017 7.18 7.70 1.189 0.758 0.670 0.882 0.734 123191.55 20080922 8.45 6.95 0.567 0.859 0.775 0.876 0.749 111327.85 20080401 13.30 20080829 9.05 5.58 0.760 0.966 1.055 1.040 1.264 50240.52 20080113 27.09 20080819 14.00 7.45 0.905 1.037 0.973 1.248 1.075 54864.52 20080825 10.71 20081027 6.47 6.79 0.392 0.711 0.689 0.683 0.710 50457.60 20080113 15.10 20080828 7.13 4.96 0.510 0.639 0.643 0.773 0.751 11000.00 20080506 14.05 20080818 9.45 7.53 0.387 0.588 0.564 0.748 0.784 42800.00 20081006 9.15 20081027 7.60 9.02 0.498 0.428 0.406 0.611 0.563 13129.60 20080919 14.38 20081026 8.90 10.20 14

2008 11 14 A 07EPS () 08EPS () 08EPS () 09EPS () 09EPS () A () 0.945 1.887 1.790 2.834 2.711 27200.00 20080318 62.84 20081027 39.30 42.05 0.877 1.174 1.143 1.359 1.393 152100.00 20080626 17.05 20080922 12.68 12.41 0.633 0.580 0.554 0.871 0.787 9200.00 20080910 10.44 10.22 1.514 2.564 2.263 3.810 3.605 16800.00 20080919 42.10 20081012 42.93 31.56 0.991 1.043 1.227 1.405 1.566 27480.00 20080924 23.49 21.85 0.621 0.704 0.715 0.801 0.834 15100.00 20080403 18.45 20081105 8.15 9.89 0.371 0.681 0.500 0.897 0.692 18923.80 20080904 9.30 8.81 1.711 1.897 1.445 2.258 1.470 41942.55 20080704 16.29 20080828 16.28 12.90 0.725 1.003 0.822 0.734 0.727 51989.17 20080112 28.50 20081014 11.43 8.16 0.288 0.359 0.351 0.434 0.450 53179.93 20080906 8.01 6.68 0.322 0.350 0.364 0.399 0.466 110102.73 20080416 13.77 20081103 6.19 7.02 0.129 0.192 0.192 0.275 0.275 60996.94 20081022 5.00 20081029 4.41 4.49 0.714 0.525 0.528 0.604 0.581 26581.66 20080811 10.94 20081030 7.27 7.97 0.311 0.441 0.528 0.590 0.669 31462.93 20080312 19.45 20080829 12.17 6.40 1.346 2.056 2.195 2.702 2.947 26700.00 20080528 45.13 20080820 37.60 39.60 0.481 0.892 0.692 1.053 0.828 133851.88 20080825 9.89 20081030 7.91 8.70 2.788 1.475 1.633 1.819 1.554 12550.00 20080728 30.62 20080909 22.34 18.97 0.593 0.794 0.789 0.938 0.961 19508.08 20080519 18.27 20081017 7.60 8.52 0.456 0.431 0.473 0.414 0.520 13400.00 20080521 9.33 20081024 4.65 5.44 0.437 0.606 0.576 0.660 0.667 36868.00 20080729 10.54 20081031 4.54 5.53 0.529 0.533 0.526 0.512 0.524 23140.00 20080901 11.91 8.13 0.437 0.490 0.459 0.570 0.489 44724.07 20080609 13.14 20080828 12.15 8.31 0.195 0.267 0.270 0.307 0.271 30000.00 20080715 6.86 20081010 4.46 4.47 0.279 0.240 0.266 0.311 0.364 40637.84 20081022 10.31 10.64 0.120 0.563 0.479 0.675 0.543 58049.33 20080728 20.00 20081017 10.60 10.92 0.200 0.132 0.160 0.150 0.180 318633.49 20080909 6.70 6.41 0.325 0.364 0.351 0.420 0.384 165148.31 20081006 10.90 20081023 10.94 11.25 0.408 0.534 0.358 0.588 0.320 20170.00 20080720 18.38 20080826 14.16 7.55 0.741 0.606 0.572 0.745 0.778 22620.00 20080922 15.23 20081021 14.85 14.89 0.444 0.421 0.359 0.650 0.424 12192.50 20080829 12.94 20080922 10.99 10.04 15

2008 11 14 A 07EPS () 08EPS () 08EPS () 09EPS () 09EPS () A () 0.050 0.042 0.080 0.082 0.121 42705.00 20080830 4.13 3.27 0.318 0.330 0.320 0.467 0.371 63360.00 20080821 8.11 20080924 6.82 5.37 0.481 0.482 0.468 0.706 0.577 75670.14 20080829 8.19 6.67 0.336 0.571 0.563 0.805 0.764 43854.00 20080730 15.94 20081026 9.35 10.66 0.453 0.383 0.339 0.086 0.355 28664.00 20081013 7.90 20081026 7.95 7.53-0.024 0.286-0.360 0.633 0.220 79932.28 20080724 17.78 20080922 11.03 7.51 0.206 0.208 0.089 0.438 0.286 30305.00 20080725 12.51 20080822 9.42 5.03 0.372 0.487 0.438 0.616 0.551 110026.70 20080225 20.23 20080824 12.51 10.47 1.205 1.814 1.743 2.466 2.177 34882.00 20080421 76.60 20080827 63.25 40.74 0.296 0.317 0.334 0.442 0.465 12000.00 20081020 9.90 20081024 10.06 12.06 0.798 0.837 0.863 1.294 1.228 51728.60 20081027 30.59 20081103 31.60 32.94 0.535 0.935 0.852 1.472 1.257 22508.00 20081027 30.15 32.26 0.374 0.550 0.559 0.769 0.779 31556.25 20081029 17.50 18.70 0.511 0.633 0.640 0.893 0.907 16000.00 20080623 20.69 20081027 19.20 21.47 0.548 0.810 0.783 1.059 1.025 23940.00 20081028 22.40 22.68 0.380 0.557 0.557 0.578 0.624 250000.00 20081030 6.18 6.89 0.500 0.729 0.798 0.778 0.860 499052.83 20081031 7.41 8.21 0.538 0.901 0.910 0.990 1.038 622756.19 20081024 7.93 20081030 7.96 9.20 0.222 0.293 0.288 0.291 0.304 17781891.07 20081030 3.03 3.34 1.916 0.852 0.672 1.224 0.697 58119.31 20080730 22.35 20081022 14.26 12.97 1.557 0.404 0.371 0.520 0.393 146410.00 20080827 16.07 20081024 14.00 11.46 1.411 0.511 0.455 0.625 0.434 167480.00 20080801 17.97 20081029 12.07 11.26 3.737 1.018 1.065 1.044 1.030 663046.76 20080810 21.39 20081029 17.68 20.07 1.326 0.377 0.393 0.481 0.453 822782.12 20080815 16.88 20081029 19.46 13.44 2.054-0.388-0.244 1.653 1.438 478640.96 20080921 33.53 20081028 20.78 25.97 0.895 0.631 0.611 0.720 0.733 770000.00 20080825 18.06 20081027 11.35 12.83 0.995 0.727 0.617 0.947 0.761 2082353.00 20080826 25.02 20080921 20.87 20.75 1.371 1.038 0.949 1.814 1.269 92795.72 20080911 10.96 20081022 12.57 13.98 0.932 1.299 1.286 1.804 1.764 111911.89 20080818 33.63 20081013 21.50 17.81 16

2008 11 14 A 07EPS () 08EPS () 08EPS () 09EPS () 09EPS () A () 0.595 0.524 0.442 0.644 0.490 22500.00 20071214 20.69 20080818 7.90 6.30 0.266 0.218 0.426 0.201 0.435 2119659.64 20080917 4.09 5.45 0.499 0.527 0.544 0.601 0.642 50841.87 20080727 20081110 9.86 10.33 0.339 0.551 0.490 0.760 0.452 229809.50 20081114 7.37 7.37 17

2008 11 14 (00700.HK)12 80.00 70.00 (00700.HK) 11% 19% EBIT 4% 1900 5600 2% EBIT 46% 2008 2010 1% 1% 6% 20% 12 80.00 70.00 09 2012 26% (00700.HK) 70.00 68.00 (00700.HK) 70.00 68.00 5.3% 22.7% 3% 1% 1.44 1.85 DBS (00700.HK) 60.00 65.00 DBS (00700.HK) ( 51%) 5%-9% 60.00 65.00 2008-2010 30% 45.00 (01688.HK) 3.90 (01688.HK) 3.90 Elinor Leung Gold Supplier 1070 49% ARPU 9.8% 09 9% 12.21 20 (01186.HK)12 11.90 (01186.HK) 12 11.90 2010 7 200 4 390 5 260 2010 13% 11.6% 18

2008 11 14 (00390.HK) 3.80 (00390.HK) 3.80 69% (01800.HK) 8.30 (01800.HK) 8.30 2009 2009 2010 1.5 2009 (00857.HK) 7.60 6.40 (00857.HK) 3 7.60 6.40 09 2011 23% 6% 7% 09 2010 1 101.34 1 238.42 09 2011 65 75 80 (00883.HK) 15.30 7.80 (00883.HK)09-11 15.30 7.80 09-11 65 75 80 09-11 31% 20% 19% 09 10 325.63 412.49 (00386.HK) 9.93 6.10 (00386.HK) 9.93 6.10 09-11 65 75 80 09-11 17% 14% 10% DBS (02331.HK) 20.50 DBS (02331.HK) 20.50 DBS 10 19

2008 11 14 DBS 20% (02331.HK) 15.40 (02331.HK) 15.40 09 20% 09 15-20% 09 09 3 (00493.HK) 3.10 1.30 (00493.HK) 3.10 1.30 09 6 0.5 2009 2010 13% 24% 0.22 0.24 2008 8% 0.2 4 46 2010 5 12 4.50 2.60 (00882.HK)2009 2010 16% 27%(03382.HK) 12 4.50 2.60 2009 55% 6 12 (00980.HK) 12.50 8.90 (00980.HK) 12.50 8.90 09-10 5% 13% 9 10% (00576.HK) 6.30 6.10 (00576.HK) 6.30 6.10 2008-10 1.8% 2.6% 2.6% 2008 9 82% 9 7% 12% 2009 8.1% 2009 20

2008 11 14 (00349.HK) 10.00 (00349.HK)08 80% 1.28 3 6.00 0.47 2008 33% 10.4 (01398.HK) 10.00 (02888.HK)12 180.00 (02888.HK) 12 180.00 4% 17% 2.27 2.08 104 (02888.HK) (00267.HK) 6.66 44% 3.75 (00267.HK) 6.66 44% 3.75 46% 10.74 15 8 57.6% 93 (08277.HK) 6.50 5.20 (08277.HK) 6.50 5.20 3 09 10 3 7.9% 13.9% 09 10 6-11% 4.4 4.95 (08277.HK) 9.15 8.00 (08277.HK) 9.15 8.00 3 27.5% 2.74 8% 21

2008 11 14 (00388.HK) 75.00 (00388.HK) 11 75.00 636 761 16% 620 570 460 Cost income ratio 13% 11% (00388.HK) 3 4 4 1 345 746 805 13.3% 125.10 (00388.HK) 35% 1.56 0.89 125.10 ADT 10% 10 ADT 580 08 1.57 46% Underlying EPS 15% 79% 18000 ADT 100 1300 7% (00388.HK) 126.00 52.00 (00388.HK) 126.00 52.00 2008-2011 2%-39% 1990 2009 450 (S68.SG) (00388.HK) 65.00 (00388.HK) 65.00 3 43% 16% 1.59 22

2008 11 14 DBS 12 78.00 63.00 DBS (0388.HK) 12 78.00 63.00 DBS 2008-10 5% 17% 21% 4.68 3.82 4.08 734 727 523 474 DBS 17 000 18 000 84.20 (00388.HK)2008 43% 34.9% 9.60 11.04 1.59 2008 700 765 2008 14.9% 2009-10 2009 15.3 17.8 84.20 (00293.HK) 11.70 7.30 (00293.HK) 11.70 7.30 10 10 4% 11.6% 30.5 2009 34.2 6 10.15 (00293.HK)10 4.3% 5.3% 75.5% 6 10.15 10 9 10 10 (02332.HK) 11.70 (02332.HK) 11.70 7 20% 2008 EBITDA 4 4.8 19% 23

2008 11 14 11.00 3.00 (02332.HK) 2007 6 6.75 8% 11.00 3.00 (02332.HK) 10.20 (02332.HK) 7 10.20 0.279 0.015 0.282 2010 0.313 0.015 (02332.HK) 12.20 (02332.HK) 12.20 (02332.HK) 11.55 9.80 (02332.HK)08 09 9.1% 8.92 54.5% 6.75 11.55 9.80 1-2 337 50-60 25% (00013.HK) (00013.HK) (02332.HK) 7.00 26 7 (00013.HK) 81.00 57.60 (00013.HK) 81.00 57.60 12%-46% 24

2008 11 14 20% (2332.HK) 7 66.00 (02332.HK) 7 (00013.HK) 60.4% 203 25 2.45% 370 110 78 25 90 2008 2010 200 4.7 200 1180 66.00 2009 30% (00823.HK) 18.20 18.40 (00823.HK) 18.20 18.40 2010 4.25% 8.84 14% 0.41 13% 10% 09 2010 4 8% 09 2010 3 0.784 0.783 12 16.85 (00823.HK) 9 1% 4.26 cap rate 6.95% 7.15% 09 2010 3.7% 5.8% 12 16.85 (00823.HK) 26% 17.50 (00823.HK) 26% 17.50 09 2010 45 48 7.5% 6.4% 26% 21.3% 6 5.9% 10 380 25

2008 11 14 (08199.HK) 10.39 (08199.HK) 10.39 05 07 74% 08 10 37% A A A H 08EPS 08EPS 09EPS 09EPS 10EPS 10EPS (A ) (H ) (%) () () () () () () () () 17.81 12.70 40.24% 75090.95 22421.15 1.300 1.286 1.804 1.764 2.397 2.138 5.58 2.55 118.82% 82027.48 39127.00 0.717 0.775 0.638 0.749 0.890 0.782 2.01 0.41 390.24% 39702.58 25795.00 0.014 0.030 0.030 2.66 0.71 274.65% 22736.00 18080.00 0.083 0.075 0.031 3.56 1.00 256.00% 11952.65 15000.00 0.071 0.080 0.090 7.25 6.00 20.83% 128132.75 108580.00 1.086 1.209 0.915 0.961 0.960 1.055 ST 2.40 0.89 169.66% 23411.70 45958.98 0.200 0.250 0.320 7.08 3.62 95.58% 287821.33 305538.34-0.232 0.143 0.225 4.05 2.70 50.00% 63172.20 49301.00 0.417 0.414 0.419 8.78 6.50 35.08% 53005.23 129600.00 1.769 1.365 1.491 7.66 4.47 71.36% 1283415.05 1678048.80 0.445 0.449 0.777 0.685 0.828 0.793 3.12 1.07 191.59% 150000.00 176126.70-0.040-0.101-0.039 14.02 13.20 6.21% 724594.60 266200.00 1.336 1.606 1.494 1.730 1.921 1.940 3.33 0.89 274.16% 39600.00 156695.00-0.557-0.377-0.121 9.45 3.96 138.64% 36000.00 195840.00 1.641 1.433 1.356 5.17 1.76 193.75% 20348.65 21990.00 0.208 0.308 0.194 0.301 0.214 0.320 10.85 4.46 143.27% 35327.68 138748.20 1.480 1.279 1.555 5.80 5.23 10.90% 42088.61 122200.00 0.289 0.314 0.359 4.87 2.30 111.74% 21780.00 74750.00 0.292 0.331 0.446 23.07 30.90-25.34% 52556.80 43320.00 1.735 1.744 2.070 1.973 2.760 2.431 16.73 14.98 11.68% 23575.55 65506.92 0.629 0.551 0.815 0.719 1.063 0.894 11.71 5.52 112.14% 16062.90 15739.80 1.965 2.256 2.762 S 4.23 1.59 166.04% 72000.00 233000.00-0.161 0.179 0.300 3.65 0.79 362.03% 14380.15 24200.00 0.092 0.121 0.138 6.39 2.90 120.34% 15338.12 11271.59 0.689 0.681 0.809 0.826 0.836 0.970 4.08 2.32 75.86% 119506.17 173293.00 0.398 0.499 0.323 0.380 0.340 0.359 2.86 0.61 368.85% 14156.00 10000.00 0.071-0.190 0.104-0.038 0.048 S 3.33 0.72 362.50% 20000.00 140000.00 0.010 0.013 0.019 4.66 1.14 308.77% 42314.18 34000.00 0.130 0.150 0.170 20.92 16.18 29.30% 25142.18 17000.00 0.900 0.329 3.133 1.995 3.502 2.785 *ST 2.01 0.87 131.03% 7100.00 25000.00 0.060 0.060 0.060 3.58 1.16 208.62% 144195.31 143102.80-0.218 0.054 0.119 3.34 2.08 60.58% 649350.60 7602025.13 0.293 0.288 0.291 0.305 0.366 0.351 4.01 1.90 111.05% 163900.00 440568.34-0.019 0.105 0.137 2.92 0.90 224.44% 150000.00 70702.00 0.141 0.210 0.420 4.04 3.68 9.78% 1495000.00 8305650.20 0.033 0.355 0.032 0.385 0.031 0.419 7.12 2.57 177.04% 441276.02 331567.80 0.051 0.191 0.290 4.01 2.39 67.78% 274798.70 143130.00 0.210 0.233 0.261 20.75 20.65 0.48% 150000.00 744117.50 0.617 0.761 1.023 3.69 1.82 102.75% 35000.00 53812.72 0.460 0.303 0.365 25.97 32.90-21.06% 392658.66 255864.37-0.244 1.653 1.438 2.265 1.896 26.84 18.88 42.16% 17551.30 12650.00 4.313 4.491 3.505 4.033 3.803 4.726 4.27 2.99 42.81% 230193.27 1240180.25 0.370 0.399 0.370 0.419 0.402 0.471 5.13 4.39 16.86% 1547638.03 2306446.81 0.599 0.611 0.628 0.651 0.673 0.684 7.35 3.37 118.10% 393130.49 394396.60 0.247 0.237 0.542 26

2008 11 14 A A A H 08EPS 08EPS 09EPS 09EPS 10EPS 10EPS (A ) (H ) (%) () () () () () () () () 9.10 4.23 115.13% 178386.74 258060.00 2.163 1.047 0.936 4.50 4.05 11.11% 900000.00 22468908.40 0.452 0.453 0.465 0.486 0.484 0.516 10.96 4.28 156.07% 50000.00 153485.20 0.733 0.865 1.079 19.93 13.30 49.85% 180000.00 339858.25 1.550 1.511 1.792 1.780 1.932 1.965 11.27 5.60 101.25% 400000.00 2109890.00 0.591 0.713 0.824 0.819 1.024 0.899 5.80 5.05 14.85% 467500.00 420739.00 0.139 0.259 0.339 2.78 0.96 189.58% 233662.50 375100.00 0.311 0.058 0.379 0.034 0.104 3.52 2.07 70.05% 140000.00 400544.00 0.225 0.248 0.297 7.38 4.53 62.91% 152533.34 410666.30 0.488 0.597 0.645 0.734 0.831 10.00 10.14-1.38% 245000.00 207629.60 0.316 0.446 0.596 4.05 3.57 13.45% 240000.00 202400.00 0.120 0.123 0.166 0.163 0.221 0.211 27

2008 11 14 6 12 20% 6 12 10% 20% 6 12-10% 10% 6 12 10% 20% 6 12 20% 3 6 5% 3 6-5% 5% 3 6 5% 28