2007 2007 8 10 6.19% Shibor 1.66% Shibor www.shibor.org Shibor1Y 4.53% AAA AA 2007 12 26 2008 1 2 1
2
8 2007 2007 2007 3
/ 20073625 279 1415 0731-5558888-1409 0731-5161509 410007 46 010-64211803 010-64283158 11 38 301 100013 1 98 021-232195759581 4
021-63411640 689 1403 200001 2 80 26 021-68866551-812 021-68864567 256 1505 200120 3 618 021-62580818-760 021-62531618 135 200042 1 66 4 010-851306690653 010-85130542 188 5
26 100010 2 12 B 25 0755-25832649 0755-25832903 518028 3 5 10 010-886562076209 010-88656150 100045 4 8 025-83358070 025-83358070 210008 2 6
0731-4461516 0731-4461516 362 410011 33 B 5 010-880879417972 : 010-88086356 100032 19 208-210 0731-2183728 0731-2183808 459 7 410001 26 B 20 010-84585903 010-84580691 100016 7
279 9 0731-5540103 0731-5164950 410007 2007 07 8 10 6.19% Shibor 1.66% Shibor www.shibor.org Shibor1Y 4.53% 100 1,000 1,000 1,000 5 2007 12 26 2008 1 2 2007 12 8
26 12 26 2007 12 26 2017 12 25 2008 2017 12 26 1 20 2017 12 26 1 20 AAA AAˉ 1 9
www.chinabond.com.cn 10
11
2008 2017 12 26 1 20 2017 12 26 1 20 12
279 1415 30 2007 6 182.52 67.35 95.33 36.90% 2007 5.13 0.71 1992 7 2 1999 6 2 30 2005 11 30 13
7 17 10 2006 2.8 13.5% 6.2 20.3% 2006 452 1,953 2005 32.86% 701.15 12.70% 765.90 2005 13.60% 840 600 900 1 14
2006 246 20% 2 25% 2006 13.94 15% 6,229.74 18% 2006 9,000 588 GDP 7% 510 15
2006 1,953 862.06 44.1% 303.31 15.5% 100 15.1% 1 IT 2 20 2006 16
73.7% 2007 10,052.96 5,777.23 14,432.69 2007 6 13 303.31 7 280.81 17
2010 240 100 2004 2006 2004 2006 2007 2007 2004 2007 2004 2007 2007 2006 /2005 /2004 / 1,825,155.27 1,598,633.45 1,219,967.56 1,057,594.17 286,104.38 279,408.49 153,209.80 221,973.23 673,467.86 569,941.61 229,845.13 92,349.20 222,059.77 276,373.39 121,940.62 38,801.84 953341.27 933,496.30 928,171.96 907,864.70 51,294.66 109,468.29 61,916.25 42,583.18 5,783.27 12,655.34 27,511.76 24,399.71 7,112.84 7,901.11 17,539.82 15,047.43 51,080.23 117,803.48 61,743.62 47,391.03-1,212.08 14,500.49 10,491.47 2,148.86 91,836.79 263,219.28 70,760.62 7,098.46-118,362.90-215,676.12-171,124.98 21,984.44-27,828.60 61,363.40-89,899.39 31,231.76 2004 2007 18
2007 2006 / 2005 /2004 / 1.29 1.01 1.26 5.72 1.20 0.94 1.22 5.62 % 36.90 35.65 18.84 8.73 1.08 2.32 1.21 1.35 2.47 4.16 3.81 5.03 0.06 0.04 0.03 0.02 % 49.97 53.14 75.40 62.19 % 0.75 0.85 1.91 1.69 % - 76.80 45.41 4.67 5.04 3.73 8.18 12.15-1.42 2.14 0.78 1.00 1.08 1.00 1.11 2004 2007 1.351.21 2.32 2006 2004 2006 42,583.18 61,916.25 109,468.29 4.67%45.41%76.8% 2006 2006 19
12,859.99 2004 2006 2007 2004 2006 EBITDA 12.15 8.18 3.73 2004 2006 2006 2007-1,212.08 2007 20
62.86 2 60 46.36 13.98 8.49% 5 3.6 18 16.50 7.11 2.16 8.87% 21
2004 9 14 2006 54,485.11 51,183.07 3,302.04 28,449.04 46,640.99 12.11% 3.29% 2006 1,515.93 657.17 463.19 2006 1,524.27 1,521.09 3.19 2006 25.19 2004 2006 2006 2005 / 2004 / 54,485.11 45,857.42 39,099.20 51,183.07 42,980.65 37,143.69 3,302.04 2,876.77 1,955.51 1,515.93 1,287.14 1,139.76 463.19 470.96 490.40 2004 2006 2006 / 2005 / 2004 / 1,524.27 1,227.91 1,044.72 1,521.09 1,225.54 1,040.60 3.19 2.36 4.12 28.92 20.55 16.61 25.19 19.30 12.43 22
2004 2006 13,496.12 9,046.94 2007 51,294.66 7,112.84 23
8% 24
1 2007 2 3 25
1 2 3 1 2 26
3 1 2 3 1 1 27
2 3 1 2 28
3 AAA AA 29
10 30
[2004]1134 2007 ( [2007]602) [2004]1134 1 31
1 22007 32007 4 2004 2005 2006 2007 5 2004 2005 2006 6 2004 2005 2006 7 8 9 279 1415 0731-5558888-1409 0731-5161509 18 32 32
0755-83716853 0755-83716871 www.ghzq.com.cn 2007 cjs.ndrc.gov.cn www.chinabond.com.cn 2007 010-85130668 010-85130660 010-88656207 010-88656161 010-88656209 010-59312882 010-59312887 021-23219575 021-23219581 021-68866551- 812 021-62580818- 171 025-83358070 0755-2583264 9 0755-8371685 3 33