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1.1 CITIC Securities Company Limited CITIC Securities Co., Ltd. 8 518048 8 518048) 48 100125 1 26 http://www.cs.ecitic.com ir@citics.com 0755-2383 5888 010-6083 8888 0755-2383 5861 010-6083 6029 40088 95548 010-6083 6688 0755-2383 5383 010-6083 6030 http://www.sse.com.cn http://www.hkexnews.hk 7
8 16 48 15 1 26 1 16 1 22 A 166 36 H 183 17M A 600030 H 6030 100000000018305 440300101781440 440300101781440 10178144 1,101,690.84 1,101,690.84 A 983,858.07 H 117,832.77 404.72 (1) 2012 6 6 H 81,101,690.84 (2) 2012 12 5 8
(3) 2012 12 27 139 1995 10 25 6 10001830 10178144 1.2 1.2.1 1995 10 25 3 95% 1999 12 29 208,15037.85% 2000 4 6 2002 12A 40,0004.50 2003 1 6 248,15031.75% 2005 8 1510:3.510 3.5 3,000 248,150194,150 78.24% 2008 8 15 29.89% 2006 5 29 A 50,000 9.29248,150 298,150 24.88% 2007 8 27A 33,373.3874.91 298,150 331,523.3823.43% 2008 42007 10 5 10 10331,523.38 663,046.76 2010 62009 105 10 5663,046.76 994,570.14 2011 9 10H 107,120.7013.30 1 13 10,712.07 H109,483H H 7,590.70H H759.07 2011 10 62011 11 12011 11 7 9
994,570.14 1,101,690.84A 983,858.07 H 117,832.77 20.30% 2011 12 27 20.30% 2011 12 27 5% [2012]13872013 2 25 20.30% 1996 1999 10 2002 2006 2007 (QDII) 2008 2009 2010 20112012 2013 2 A AA 5 1 180 50 300 HAH 100 25 MSCI 1.2.2 (1) (QDII) (2) (3) 10
(4) (5) 1.3 2012 1.3.1 50 Interbrand 21 50IPO 2012 IPO 2012 TMT 11
2012 A+H 2012 IPO IPO IPO 11 12
2012 2012 2012 2012 2012 2012 2011 Vision Awards 30 13
1.3.2 1.3.3 2012 2012 2012 1.3.4 2012 2012 50 20122012 1.3.5 2012 14
1.3.6 2012 PE 2012 5 2012 2012 2012 30 21 2012 15
2.1 2.1.1 2012 2011 % 2010 13,071 26,371-50.43 30,281 5,055 14,615-65.41 16,296 5,487 15,031-63.50 16,320 4,237 12,576-66.31 11,311-17,194 122-9,457 2012 2011 2010 12 31 12 31 % 12 31 168,508 148,280 13.64 153,178 81,823 61,290 33.50 82,330 86,465 86,587-0.14 70,435 11,017 11,017 9,946 2.1.2 2012 2011 % 2010 0.38 1.23-69.11 1.14 0.38 1.23-69.11 1.14 % 4.90 17.00 12.10 17.28 2012 2011 2010 12 31 12 31 % 12 31 7.85 7.86-0.13 7.08 % 35.17 22.19 12.98 22.23 16
2.1.3 2012 12 31 404.722011 12 31506.28 20.06% 2012 12 31 2011 12 31 40,471,726,091.03 50,627,965,203.33 72,592,882,594.91 73,770,509,385.01 % 1,307.32 2,246.27 % 55.75 68.63 % 94.81 216.24 % 170.05 315.09 % 65.97 51.33 % 91.82 52.12 (1) 2011 12 312012 (2) 2.2 5 2.2.1 2012 2011 2010 2009 2008 13,071 26,371 30,281 23,868 19,837 8,016 11,756 13,985 10,669 10,276 432 416 24 103 1 5,487 15,031 16,320 13,302 9,561 4,237 12,576 11,311 8,984 7,305 2.2.2 2012 2011 2010 2009 2008 12 31 12 31 12 31 12 31 12 31 11,017 11,017 9,946 6,630 6,630 86,685 86,990 70,848 64,814 57,526 86,465 86,587 70,435 61,599 55,222 81,823 61,290 82,330 141,993 79,362 34,807 36,477 62,081 112,478 61,070 168,508 148,280 153,178 206,807 136,888 17
2.2.3 2012 2011 2010 2009 2008 0.30 0.43 0.50 0.50 0.50 0.38 1.23 1.14 0.90 0.73 0.38 1.23 1.14 0.90 0.73 % 4.90 17.00 17.28 15.38 13.49 % 35.17 22.19 22.23 31.29 24.13 (1) (2) 2008 2010 2010 (3) 2,068.07 238.68 302.81 263.71 89.84 113.11 125.76 1,368.88 1,531.78 1,482.80 1,685.08 198.37 73.05 130.71 42.37 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 865.87 864.65 31.29% 17.28% 17.00% 704.35 15.38% 35.17% 552.22 615.99 13.49% 24.13% 22.23% 22.19% 4.90% 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 18
2012 2012130.7142.37 BBB+ 2012 5.76% 30506 10.53% 1372,153.55 5.13% 19109 2,508.39 4.2 88.38 9.87%QFII72 2012 IBS IBS 19
20042011 2012 2013 2013 2013 3 27 20
4.1 4.1.1 2012 2012 2012 35 2012 2012 2012 2012 IPO 201230 12 2012 33%2012 49% 4.1.2 2012 21
4.1.3 2013 2013 4.1.4 2013 20121.55 4.1.5 4.2 22
4.2.1 2012 IPO AIPO 2012 10 A 2012 38.35% IPO63.63%11.83% IPO IPO A201151.20% 201230.21% 71.85% 2012 A 57.27%201157.71% 2012 IBS 6 2012 IPO 23
201230506 10.53% 25 368 IPO15 173.61 9191.3613.25 2012 2011 17,361 15 17,786 8 19,136 9 23,402 6 325 1 3,833 1 36,822 25 45,021 15 2012 2012 IPO4 24 2013 2013IPO 2012 8.57 20118,958.32 11.66% 3.79 63% 24
2012 1372,153.55 5.13% 2012 2011 37,267 20 16,500 12 20,716 13 10,500 6 93,600 24 93,900 19 36,150 30 18,900 14 16,950 15 13,500 8 100 1 10,672 35 215,355 137 153,400 60 2012 10 2 2 2012 159 2013 2013 25
Mergermarket 20122.24 0.31% 201213,194 0.17% 30.43% 1,31121.05% 20126898.85% 30.75% 581 47.62% 201219109 2012 Bloomberg 29 2012 2013 2013 4.2.2 2012A1,3162011 25% 2012 1,134 20092011 20% 2012 0.788 3% 2012 20123.68 5.76% 4.54% 26
2012 1.66 500 2011 24% 102QFII72 2012 2012437.06 3,553.35 2012 12 2013 2013 2013 2013 4.2.3 2012 A 2012 2 272,4782012 A2012 5 11 2012 12 2012 12 312,269.13 2011 2,199.42 3.17% 2012 ETF 2012 4 1 30 ETF 27
10 ETF ETFLOF 2012 2012 12 31 88.382011 237.78% 9.87% 2012 12 31 2011 12 31 14,921 4,534 11,680 5,674 32,275 4,534 6,236 2,616 1,869 732 8,837 2,616 2012 2012 2012 2013 2013 28
2013 4.2.4 2012 2012 12 31 2,508.39 249.23 2,224.23 34.93 2012 12 31 2012 1 12 2011 12 31 2011 1 12 24,923 151.56 14,066 187.90 222,423 46.13 46,905 29.50 3,493 0.40 1,037 0.40 250,839 198.09 62,008 217.80 2012 1,740.982012 2288.442012 2012 29
2013 2013 QDII 4.2.5 2012 PE2008 LP IPOLPPE 20122011 253.13 2011388.57 34.86% 2012 606 197.8528.31% 201222 2012 4 2012 12 42012 12 6 2012 6 2012 9 32012 11 15 30 2012 2013 20132013 30
2012 12 31 2,353302 150 2013 2012 5117 2013 4.2.6 2012 4.3 4.3.1 2012 2012130.71 50.43% 42.37 66.31%0.38 69.11% 4.90%12.102012 20112012 31
2012864.651.22 0.14% 2012 1,337.0120111,118.03 218.98 19.59% 258.36 19.32% 65.00% 2.90% 2012470.162011 248.13 222.03 89.48% 2012 35.17%201122.19% 12.98-76.00 2012-171.94 2011 1.22 173.16 20127.44 2011 98.13 90.69 201288.50 2011 63.5524.95 2012-76.00 2011 162.90238.90 32
4.3.2 201254.87 63.50% 2012 2011 7,090 9,713 2,172 2,056 3,648 14,393 161 209 8,016 11,756 432 416 5,487 15,031 1,180 2,427 4,237 12,576 2012130.71 50.43% 54.24%17.41 27.91%26.67 2012 2011 2010 2009 2008 54.24% 36.83% 54.81% 76.05% 67.34% 16.62% 7.80% 6.57% 8.46% 16.30% 27.91% 54.58% 37.98% 14.36% 15.67% 1.23% 0.79% 0.64% 1.13% 0.69% 100.00% 100.00% 100.00% 100.00% 100.00% 33
201262.89 27.26% 2011 2012 2012 2011 3,603 4,518-915 -20.25% 2,754 1,983 771 38.88% 238 238 100.00% 320 3,097-2,777-89.67% 175 115 60 52.17% 801 1,067-266 -24.93% 6,289 8,646-2,357-27.26% 2011 2012 2.47% 1.19% 4.51% 3.36% 50.82% 31.89% 46.51% 0.00% 38.84% 20.41% 9.15 20.25% 2012 7.7138.88%2012 A 2012 2.38 27.7789.67%2011 2012 0.34 2012 34
2012 12.24 12.63% 2012 2011 1,675 1,774-99 -5.58% 493 279 214 76.70% 4 3 1 33.33% 948 655 293 44.73% 1,224 1,401-177 -12.63% 0.99 5.58% 2.1476.70% 201236.48 74.65%2011 130.81 23.36178.05% 2012 2011 1,646 1,254 392 31.26% 1,815-1,568 3,383 13,081-13,081-100.00% 187 1,626-1,439-88.50% 3,648 14,393-10,745-74.65% 3.92 31.26% 1.73 32.40% 2.1930.42% 35
33.83 2012 18.15 2011 14.3988.50% 2012 62.68 37.65201118.0622.37% 2012 2011 3,786 4,997-1,211-24.23% 280 192 88 45.83% 401 488-87 -17.83% 1,771 2,842-1,071-37.68% 30 1,514-1,484-98.02% 6,268 10,033-3,765-37.53% 12.1124.23%2011 3.91 0.8845.83%2011 1.0862.79%2011 2012 2011 17.83%2011 0.602012 10.71 37.68%2011 5.34% 36
20120.302011 14.84 2012 2011 34 1,518-1,484-97.76% -4-5 1-20.00% 1-1 -100.00% 30 1,514-1,484-98.02% 4.3.3 2012 12 31 1,685.08 13.64% 20121,337.01 19.59% 2012 12 31 2011 12 31 37,878 36,828 1,050 2.85% 9,796 9,479 317 3.34% 38,808 19,049 19,759 103.73% 423 1,078-655 -60.76% 3,873 3,792 81 2.14% 25,836 33,444-7,608-22.75% 17,087 8,133 8,954 110.09% 133,701 111,803 21,898 19.59% 37
0.31% 2.90% 19.32% 29.91% 3.39% 12.78% 0.96% 7.28% 29.03% 17.04% 7.33% 28.33% 8.48% 32.94% 2012 12 31 869.05 30.81% 65.00% 5.58 2012 12 31 2011 12 31 37,878 28.33% 36,828 32.94% 9,796 7.33% 9,479 8.48% 38,808 29.03% 19,049 17.04% 423 0.31% 1,078 0.96% 86,905 65.00% 66,434 59.42% 2012 12 3110.502.85% 28.33% 38
2012 12 31 2011 12 31 12,547 33.12% 14,940 40.57% 21,698 57.28% 21,231 57.65% 3,633 9.60% 657 1.78% 37,878 100.00% 36,828 100.00% 2012 12 31 2011 12 31 9,027 8,703 324 3.72% 769 776-7 -0.90% 9,796 9,479 317 3.34% 2012 3.34% 2012 12 31 197.59103.73%29.03% 2012 39
2012 12 31 2011 12 31 24,573 12,269 12,304 100.29% 13,568 6,442 7,126 110.62% 483 299 184 61.54% 184 39 145 371.79% 38,808 19,049 19,759 103.73% 2012 12 3138.73 2.14% 2012 12 31 2011 12 31 3,320 3,338-18 -0.54% 392 314 78 24.84% 161 140 21 15.00% 3,873 3,792 81 2.14% 2012 12 3176.08 2012 12 31 2011 12 31 25,836 33,444-7,608-22.75% 40
2012 12 31 818.23 33.50% 2012 470.16 89.48% 2012 12 31130 2012 28.00 78.11 2012 12 31 2011 12 31 34,807 36,477-1,670-4.58% 22,044 14,233 7,811 54.88% 2,900 100 2,800 2,800.00% 791 791 100.00% 13,000 13,000 100.00% 8,281 10,480-2,199-20.98% 81,823 61,290 20,533 33.50% 2012 12 31348.07 4.58% 42.54% 2012 12 31 2011 12 31 33,109 35,005-1,896-5.42% 27,915 27,793 122 0.44% 5,194 7,212-2,018-27.98% 1,698 1,472 226 15.35% 34,807 36,477-1,670-4.58% 2012 12 3116.704.58% 2012 12 31 22.90%201115.35% 41
2012 12 31 866.85 0.35%2012 2012 12 31 201112 31 11,017 11,017 34,524 34,527 5,885 5,465 10,425 9,719-133 -542-473 -445 25,220 26,846 220 403 86,685 86,990 4.3.4 6.5.2 4.3.5 2012 [2012]42 2012 4.3.6 4.3.7 CITICS Global Absolute Return Fund CITICS Global Multi-Strategy Fund 8 CITICS Global Absolute Return Fund CITICS Global Multi-Strategy Fund 42
4.3.8 2008 1 1 [2008]28 201225% 4.4 PE 4.5 4.5.1 [2012]43 43
25% 30% 2/3 2012 10 292012 [2012]190 2012 12 27 2012 4.5.2 2007 2009 10 10 10 520092011 200910 5 10 5 201010 5 201110 4.30 2009 201130% 2009 3,315,233,800.00 10,287,900,448.49 32.22% 8,984,029,173.87 36.90% 2010 4,972,850,700.00 15,140,553,398.01 32.84% 11,311,343,211.09 43.96% 2011 4,737,270,612.00 15,688,226,816.78 30.20% 12,576,482,780.31 37.67% 44
4.6 4.6.1 4.6.2 45
46
4.6.3 47
VaR VaR VaR195%VaR VaR VaR VaR 95% 1 VaR 2012 12 31 2011 12 31 287 310 8 46 7-13 -34 VaR 289 322 VaRVaR VaR2011 12 31 3.22012 12 31 2.9 VaR 48
4.6.4 2012 12 31 2011 12 31 7,110 10,551 AAA 8,463 9,584 AA 8,922 9,926 A 535 689 A-1 5,918 4,848 2,510 33,458 35,598 AAA AAAAA-1 AA AA+ AA AA- A A+ A A- 134% 150% 150% 49
4.6.5 4.6.6 2012 50
5.1 4.2 5.2 2012 4.5 6.8.1 2012 5.3 (2011) 60469435_A09 2011 H 112.71 2012 12 31 60.49 22.65 19.30 18.53142.80 52.22 H2013 230 2012 12 31 130 5.4 2011 4 29 2011 7 28 30 2012 4 1 15 2012 8 28 15 30 51
64 % 100.00 2002.2.6 88,500 96.00 1988.6.2 80,000 100.00 2005.9.28 651,605 100.00 1993.3.30 150,000 100.00 2007.10.11 590,000 100.00 2012.4.1 300,000 49.00 1998.4.9 23,800 35.00 2008.6.6 180,000 30.00 2005.9.30 190,000 588 19 20 222 121 1 26 8 14 48 17 48 33 B 16 89 11 1 21032 2 50.00 2005.12.27 100 6 D 1601 588 19 20 29 151507-1510 1 26 8 13 1303 1305 14 48 222 1 2001 A C 188 5 3 F 4 401-A-16 0571-85783737 0532-85022517 00852-22376899 1 0755-83343493 010-60833838 010-60838838 010-60838866 010-85079070 010-66276508 010-65692913 1 2013 2 20 2 (1) 8.85 2012 12 31 1,155,657.83 235,131.40 2012 106,426.9427,637.19 20,372.52 572,488 52
(2) 8 96% 99%2012 12 31745,654.40 271,551.58 201261,336.3115,984.32 12,611.23442,149 (3) 651,6052012 12 31 1,105,177.36 604,505.48 2012 79,481.0623,626.27 23,265.86 52012 12 31413 (4) 15 2012 12 31 1,125,605.09 178,851.41 201248,906.54 19,269.65 15,003.3423726 (5) 59 2012 12 31 1,007,464.63 805,216.64 2012 82,504.60 61,921.14 47,273.96 58 (6) 30 2012 12 31 312,605.86 308,204.55 201211,489.53 8,806.01 6,604.51 8 (7) 2.38 49%2012 12 31 332,998.91 262,226.88 2012249,712.60 80,060.18 60,265.80 (8) 18 35%2012 12 31 427,861.96 358,681.24 2012 68,976.4930,972.61 27,656.18 53
(9) 19 30% 2012 12 31165,921.40 142,806.42 2012-499.93 (10) 10050% 2012 12 3127.78-45.35 2012-28.78 5.5 5 2010.9.29 010-65648601 5 4 2010.10.26 021-61768699 1568 10 2010.12.10 020-66609909 5 11 02 37 05 06 2010.9.26 027-85355366 747 16 2010.10.21 025-83600560 5 6 3801 3802 1568 22 23 5.6 2012 6.33% 54
5% 5.7 9 5.8 5.9 5.10 2012 12 31XV 352 % A 2,649,750 0.024% A 1,733,160 0.016% A 1,733,160 0.016% A 1,644,182 0.015% A 1,728,363 0.016% A 483,285 0.004% A 108,000 0.001% 8.1.12012 12 3118 5.11 5.12 40 55
5.13 A [2012]85 15%1 1 5% (QFII) QFII [2009]47 10% QFII H [1993]045 [2011]348 10% 10% 10%(1)10% (2)10%20% (3)20% H [2008]897 H2008 10% 5.14 2012 12 31 18 56
5.15 20122012 12 31 1,319.13 5002012 2012 6 2012 2012 2013 3 27 57
6.1 6.1.1 2012 4 11 469 2012 6.1.2 2012 6 1 2012 6.1.3 2012 5 11 [(2011)131 ] 490 4.432012 5 17 2012 8 8 2012 12 14 4,944,354.24 6.1.4 2012 9 7 390 10 2012 11 16 10 2012 12 26 2013 1 17 6.1.5 2007 12 (2008) 5 600 2008 7 (2008) 199 20092010 3 29 (2010)52010 2010 11 25 (2010)723 (2011) 64 (2008)1992012 600 1,000 58
6.2 6.3 6.3.1 100% 2012 7 20 100%12.52 100% 19.9%3.1032 80.1% 2012 8 3 2012 11 5 80.1%9.416880.1% 80.1% 9.4168 2012 11 5 CASA B.V. 80.1% 6.3.2 2010 3 29 8.6%2012 3 0.5%2,208 2013 2 3%14,323 95.50%99% 1% 2012 6.4 59
2011 9 20112011 9 23 2011-2013 6.4.1 3 2011 9 23 2014 9 22 2012 12 31 364 221 60
2012 12 31 2012207.5 20121.8 0.36 2012 2012 1 36,361 22,120 2 2,000 753 8.13% 180 36 2.04% 10 2011 9 23 2021 9 22 2012 12 31 2012 0.60.25 20121.1 0.33 2012 2012 60 25 33.07% 110 33 0.57% 61
3 2011 9 23 2014 9 22 2012 12 312012 500 20121.53 201212,000 2,852 2012 2012 5,000 15 0.02% 120,000 28,523 0.49% 2011 9 22 H 4414A 14A 2011 2012 5,000 5 62
20112012 2012 50 1 0.02% 27 2 0.03% 3,000 385 50 12,746,835 5,035 2010 0.5%2012 2 27 2012 11 15 2011 10 28 5 2 2012 4 252012 12 31 15,571 2012 12 31 63
6.4.2 200615152012 12 31 15 2011 12 31 15 642 333 150 3,205 2012 12 31 6.5 6.5.1 6.5.2 0 2012 11 5 80.1%9.4168 2012 11 6 80.1% 70% 64
0 ISDA 2,080.7527,000 ISDA ISDA 1 1 CSI Capital Management Limited 1,500 2 7,000 3 20,000 4 CITIC Securities International 580.75 USA, LLC 5 CSI Capital Management Limited ISDA 1 2 3 2,080.7527,000 2012 12 31 0.40% 6.5.3 6.5.4 6.6 5% 6.6.1 3 390 10 1,300 23700 6-7 3,000 2012 11 16 10390 10 65
6.6.2 2002 12 2005 12 1%12 5%2410% 6.7 5% 5% 6.8 6.8.1 2012 201215,826,344,901.542012 3,130,651,180.8320124,737,270,612.002012 14,219,725,470.37 2012 1 2012 10%313,065,118.08 2 2012 10%313,065,118.08 3 2012 10%313,065,118.08 939,195,354.24 66
13,280,530,116.13 2012 2012 13,208,953,104.85 2012 1 2012 12 31AH11,016,908,400 AH 103.00 3,305,072,520.0025.02% 2012 9,903,880,584.85 2 AH 2012 2012201278% 2012 2012 H 6.8.2 (1) 59 5 1 21 3 2 1568 10 3 303 2 3 4 5 4 5 226 67
5.5 2013 2 1 (2) 5 5 57 22013 13 (3) 2 2 44 (4) 3 2013 1 23 (5) 5 68
6.8.3 22 38 13612012 12 31 1 2 1,946,210,354.28 2006 3 22 2 792,169,914.64 2007 4 6 3 676,120,474.86 2009 1 6 4 953,964,819.33 2009 5 8 5 919,726,381.02 2010 2 25 6 1 162,153,070.44 2010 9 28 7 2,276,423,253.21 2010 12 10 8 2 105,704,642.65 2011 1 13 9 3 102,709,695.29 2011 4 15 10 1,067,653,388.04 2011 5 19 11 5 101,912,902.26 2011 7 18 12 224,619,126.32 2011 8 25 13 6 98,989,783.10 2011 10 24 14 103,177,589.33 2011 12 23 15 132,586,901.41 2012 3 2 16 1 989,021,793.27 2012 4 27 17 2 986,989,068.23 2012 4 27 18 7 136,896,998.30 2012 8 23 19 8 219,729,979.76 2012 8 2 20 1,297,450,000.00 2012 9 3 21 1,615,168,616.05 2012 10 26 22 264,160,716.69 2012 11 7 23 3 3,616,574,375.21 2012 12 13 24 5 3,616,776,613.83 2012 12 13 25 6 2,102,801,621.46 2012 12 13 26 7 101,000,000.00 2012 12 13 27 8 101,000,000.00 2012 12 13 28 1 211,010,485.00 2012 12 21 24,922,702,563.98 2013 1 14 22013 1 21 32013 2 1 12013 2 6 9102013 2 7 2013 3 5 112013 3 27 12 2013 3 271 69
7.1 % A 2,303,963,550 20.913 A A 7,544,617,150 68.391 H H 1,178,327,700 10.696 11,016,98,400 100.000 A 2013 2 257.4.6 7.2 + - % % 1 2 3 23,919,000 0.217 23,919,000 0.217 23,919,000 0.217 23,919,000 0.217 4 23,919,000 0.217 23,919,000 0.217 1 9,814,661,700 89.087 9,814,661,700 89.087 2 3 1,178,327,700 10.696 1,178,327,700 10.696 10,992,989,400 99.783 10,992,989,400 99.783 11,016,908,400 100.000 11,016,908,400 100.000 2006 9 7 70
7.3 2010 200910 5 10 5 663,046.76994,570.142010 6 25 2011 999,530H139,953 H2011 10 6109,483H 2011 10 27 7,590.70H13 759.07 H 7,590.70H H759.07H 2011 11 12011 11 7 994,570.141,101,690.84 2011 [2012]197 200 5 91230 2012 2012 8 23 2012 11 22 3.84% 50 2012 2012 9 19 2012 12 19 3.96% 50 2012 2012 10 17 2013 1 16 4.00% 50 2012 2012 11 21 2013 2 20 4.19% 50 2012 2012 12 13 2013 3 14 4.31% 30 7.4 7.4.1 2012 12 31604,238 A 604,106H 132 7.4.2 2013 3 21580,532 A 580,405 H 127 71
7.4.3 2012 12 31 7 % 2,236,890,620 20.30 2,236,890,620 23,510,652 0.21 23,510,652 1 1,178,056,700 10.69-26,500 1,178,056,700 361,059,999 3.28-127,172,766 361,059,999 2 231,141,935 2.10 231,141,935 106,478,308 0.97 106,478,308 71,223,634 0.65-20,600,000 71,223,634 3 66,737,803 0.61 1,094,025 66,737,803 63,739,930 0.58 63,739,930 59,040,332 0.54 59,040,332 59,040,332 12 58,000,000 0.53 58,000,000 58,000,000 1 H 2-005L-CT001-005L-FH002351,322,7739,737,226 3 2013 1 22 4 2012 12 31 3,300 23,510,652 5 6 HA 7 A 72
7.4.4 2012 12 31 A B H 2,236,890,620 A 1,178,056,700 H 361,059,999 A 231,141,935 A 106,478,308 A 71,223,634 A 66,737,803 A 63,739,930 A 59,040,332 A 12 58,000,000 A 7.4.5 2012 12 31 23,919,000 7.4.6 (1) 20.30% 2013 2 25 20.30% 2011 12 27 20.30% 2011 12 27 5% [2012]1387 5% 2,236,890,620 20.30%)2013 2 25 2011 12 282012 1 182012 10 272013 2 26 197918,370,263 10168558-X 2013 11 25 2013 04 23 73
2011 12 3132,771 29,423 2,051 20113,190 365 2011 3,114 220 274 2011 12 2712,800,000 71783170-9 % 601998 00998 61.85 601608 63.87 600871 18.00 01205 59.06 00267 57.51 01135 37.59 00500 20.88 21 00241 1.19 20.30% 100% 0.10% 99.90% 20.30% (2) 2012 12 31 5% H 74
7.4.7 571 336 2012 12 31 2012 2012 12 31 12 31 A H % % 1 2 A A 2,303,963,550 688,700,626 H 93,499,500 Temasek Holdings (Private) H 87,938,000 Limited 3 Citigroup Inc. 4 H 84,927,023 H H H 42,380,120 45,059,640 2,675,000 BlackRock, Inc. 5 H 80,519,364 H H H 17,690,727 2,387,500 339,000 The Capital Group H 76,769,500 Companies, Inc. 6 Banco BTG Pactual S.A. H 58,625,500 23.42 20.91 6.99 6.25 7.93 0.85 7.46 0.80 7.20 0.77 3.60 0.38 3.82 0.41 0.23 0.02 6.83 0.73 1.50 0.16 0.20 0.02 0.03 0.003 6.52 0.70 4.98 0.53 1 2013 2 252,236,890,620 A 67,072,930 A 2,303,963,550 A 20.91% 2 231,141,935 A 457,558,691 A688,700,626 A 6.25% 2012 12 31592,201,934 5.38% 75
3 Temasek Holdings (Private) Limited Fullerton Management Pte Ltd. Cairnhill Investments (Mauritius) Pte Ltd. 87,938,000 H 4 Citigroup Inc. 5 BlackRock, Inc. 6 The Capital Group Companies, Inc. Capital Research and Management Company 76,769,500 H 7 Temasek Holdings (Private) Limited Banco BTG Pactual S.A.H 2012 12 31 2012 12 31 336 7.5 HH (i)10% (ii)h H H10.696% 8.08 7.6 7.7 2012 5 29 7 2012 8 14 (2012)1104 2012 10 8 15 2012 6 20 7 2012 6 52 59 2010 8 16 42012 7 [2011]397 3.5632 373,675 651,605 2011 7 28 30 2012 4 1 15 2012 8 281515 30 76
8.1 8.1.1 2012 1 2 2 61 2012.6.20-2015.6.19 2,649,750 2,649,750 347.92 51 2012.6.20-2015.6.19 1,733,160 1,733,160 282.59 49 2012.6.20-2015.6.19 990.26 49 2012.6.20-2015.6.19 9.00 44 2012.6.20-2015.6.19 54 2012.6.20-2015.6.19 7.50 58 2012.6.20-2015.6.19 13.50 65 2012.6.20-2015.6.19 13.50 65 2012.10.29-2015.6.19 2.50 57 2009.6.29-2012.6.20 4.00 47 2009.6.29-2012.6.20 1,733,160 1,733,160 48 2009.6.29-2012.6.20 39 2009.6.29-2012.6.20 56 2009.6.29-2012.6.20 1,644,182 1,644,182 112.42 58 2009.6.29-2012.6.20 6.00 59 2009.6.29-2012.6.20 6.00 57 2012.6.20-2015.6.19 1,728,363 1,728,363 226.47 56 2012.6.20-2015.6.19 9.00 50 2012.6.20-2015.6.19 9.00 45 2012.6.20-2015.6.19 483,285 483,285 210.07 42 2012.6.20-2015.6.19 108,000 108,000 190.05 60 2012.6.20-2015.6.19 378.24 45 2012.6.20-2015.6.19 1,728,363 1,728,363 257.48 43 2012.6.20-2015.6.19 870,000 870,000 255.38 42 2012.6.20-2015.6.19 1,740,000 1,310,000 430,000 243.27 40 2012.6.20-2015.6.19 179.85 57 2009.11.27-2012.6.20 100.52 14,418,263 13,988,263 430,000 3,667.21 1 2 A 77
3 20112012 7 10 152012 6 21 20068 122007 4 10 2012 2012 1-6 4 8.2 5 2012 12 31A 13.36H19.60 8.1.2 2011.12.27 2011.12.27 2011.2 2001.1 8.1.3 2007.2 1994.10 1994.8 2009.7 2008.10 8.1.4 3 (1)61 1995 1999 9 26 19871992 19921993 19931995 200220091997 12 1977 1984 78
(2)512001 2012 6 20 19871993 19932001 19941995 19841987 1998 (3) 49 2007 2009 6 30 19911992 19921998 19981999 19981999 1999 2000 20002002 20022007 20072009 20002009 ACT 360Solutions Limited 20052009 2006 2010 20102011 20102012 19851991 2 (4)49 2002 2002 5 30 19951998 19982000 20002002 200420111998 8 1987 (5) 44 2012 2012 6 20 200520052011 2 1991 19961999 4 (6)54 2012 2012 6 20 1986 71994 9 1994 102002 6 1994 7 79
1983 7 1986 71990 7 (7)58 2011 2011 11 14 5100 29 2007 10 1996 121983 9 1984 3 1995 7 2007 1980 1988 (8)65 2011 2011 8 11 1982 (9)65 2012 2012 10 29 1984200320032008 20112012 51982 1 1984 12 5 (1) 571995 2010 5 19 19881994 1996 10 1982 (2) 561999 1999 9 26 198819921992 20022001 12013 1 1993 9 1988 (3)502006 2006 5 12 19842008 1998 80
(4) 451995 2002 5 30 1994 (5)42 1997 2005 12 16 1993 5 (1) 60 2002 1980198319851990 1990199319931999 19992001 20012002 200020012009 9 1976 1985 (2)45 1995 1987 1993 (3) 43 1998 401991 19962000 (4)42 1997 A 2007 19941997 (MBA) (5) 401997 A 20032011 1996 2011 4 2011 5 81
8.2 1 2012.6.20 2 2012.6.20 3 2012.6.20 4 2012.6.20 5 2012.6.20 6 2012.6.20 7 2012.6.20 8 2012.6.20 9 2012.10.29 8.2.1 2012 6 202011 (3 (2 (3 2012 6 20 2012 10 292012 9 3 2 4 8.2.2 8.2.3 2012 6 20 2012 12 19 8.3 82
8.4 8.4.1 8.4.2 2012 2012 8.4.3 (1) (2) (3) 8.1.1 2013 1 1 83
8.4.4 (1) 2006 9 6 2006 9 7 2011 9 6 66,081,000 8.1.1 (2) IT (3) 8.5 8.5.1 44 2011.12.29 49 2009.1.19 43 2011.12.29 43 2010.8.17 36 2013.1.28 39 2010.8.17 46 2007.10.16 39 2013.1.25 41 2012.12.7 38 2011.12.29 46 2012.8.2 45 2013.1.28 40 2011.11.1 48 2009.10.15 47 2012.6.6 51 2012.6.12 31 2012.11.8 42 2010.4.20 39 2012.6.13 36 2012.5.22 84
43 2012.11.30 44 2011.3.22 45 2010.12.16 40 2006.1.17 42 2009.1.19 40 2011.4.29 42 2012.1.17 39 2012.7.17 40 2012.6.12 45 2010.2.1 46 2011.9.16 50 2012.6.13 38 2011.4.8 46 2012.6.13 54 2011.3.22 45 2011.12.12 46 2008.1.16 51 2011.5.9 35 2010.1.26 39 2011.5.4 40 2010.4.15 46 2010.4.16 45 2010.4.16 58 2008.1.16 41 2012.6.25 45 2011.3.21 46 2011.3.22 2011.2.22 40 2011.11.7 40 2012.7.9 34 2012.9.21 44 2011.3.22 47 2011.12.5 42 2011.5.4 46 2006.1.17 47 2009.1.19 47 2005.9.1 47 2007.1.24 41 2011.11.1 41 2012.8.13 30 2012.4.26 43 2011.12.20 42 2011.12.19 42 2011.11.1 47 2012.8.31 42 2012.5.14 47 2011.3.30 85
8.5.2 (1) 2012 1 17 (2) 2012 4 26 (3) 2012 5 14 (4) 2012 5 22 (5) 2012 6 6 (6) 2012 6 12 (7) 2012 6 13 (8) 2012 6 25 (9) 2012 7 9 (10) 2012 7 17 (11) 2012 8 2 (12) 2012 8 13 (13) 2012 8 31 (14) 2012 9 21 (15) 2012 11 8 (16) 2012 11 30 (17) 2012 12 7 (18) 2013 1 25 (19) 2013 1 28 86
8.5.3 42 2008 30 2007 42 2011 36 2000 47 1996 51 1994 40 2012 39 2008 50 1997 46 2004 41 2010 40 2012 392012 46 2007 41 2003 87
472012 34 2012 31 2011 431997 41 1993 39 2007 36 2010 45 2012 88
8.6 8.6.1 2012 12 31 10,452 4,618 % % 7,553 72.26 2,951 63.90 715 6.84 664 14.38 134 1.28 102 2.21 133 1.27 108 2.34 209 2.00 148 3.20 59 0.57 22 0.48 349 3.34 138 2.99 103 0.99 61 1.32 81 0.78 30 0.65 111 1.06 64 1.38 382 3.65 186 4.03 241 2.31 49 1.06 201 1.92 82 1.78 181 1.73 13 0.28 10,452 100.00 4,618 100.00 174 1.66 149 3.23 1,892 18.10 1,444 31.27 5,183 49.60 2,141 46.36 3,203 30.64 884 19.14 10,452 100.00 4,618 100.00 34 6,703 64.13 2,941 63.69 3550 3,483 33.32 1,568 33.95 51 266 2.55 109 2.36 10,452 100.00 4,618 100.00 89
2012 12 31 52 35 7,553 5,183 6,703 3,203 3,483 1,892 715 134 133 209 349 382 59 103 111 241 201 81 181 174 266 34 3550 51 8.6.2 (1) 37 (2) (3) 8.4.4 90
8.6.3 (1) (2) (3) 91
9.1 9.13 9.2 2008 3 13 9.3 10% 10 5 1010% 5 90 10% 3% 3% 10 2 1.1 92
17 2012 12 31 20112012 6 20 2011 201120112011 2012 2011 2012 93
20122012 10 29 2 2 2 100% 1 1 1 100% 2012 6 20 2011 2 2 1 1 100% 2 2 2 100% 1 1 1 100% 2012 6 20 2011 1 1 1 100% 2012 6 20 2011 2 2 2 100% 2 2 2 100% 2012 10 29 2012 1 1 2012 6 20 2011 1 1 1 100% 1 1 1 100% 1 1 1 100% 2012 6 20 2011 1 1 1 100% 94
9.4 9.4.1 2012 9 32 4 1/3 3.13 2011 9.4.2 9.4.3 95
2012 IT IT MD ABED 9.4.4 (1) 2012 3 15 (2) 2012 3 2927 20112011 2011 2011 2012 2012 20112011 20112011 2011 2011 (3) 2012 4 27 20122012 2012 96
(4) 2012 5 29 2011 (5) 2012 6 20 (6) 2012 7 20 48 10 1 100% (7) 2012 8 30 2012 2012 2012-2014 2012 (8) 2012 9 3 (9) 2012 10 30 20122012 (10) 2012 11 5 48 11 1 80.1% (11) 2012 11 29 2012 9.14.4 (12) 2012 12 19 97
12 12 8 8 12 12 12 12 2 1 1 8 8 8 8 12 12 2 12 12 1 4 4 4 4 1 4 4 1 4 4 4 4 1 1 4 4 4 4 4 4 12 4 8 1 2012 3 29 2 9.4.5 (1) 2011 4 132011 2011 12 232011 H H2012 6 6 [2012]49 [2012]41 (2) 2012 6 2020112011 10 4.30 A H2012 8 9 (3) 2012 6 202011 2012 2012 2013 3 27 98
(4) 2012 6 202011 2012 6 20 2014 6 19 (5) 2012 6 202011 2012 7 10 15 3,000 8.1.1 (6) 2012 6 202011 2012 11 29 [2012]260 2012 12 5 (7) 2012 6 202012 10 292011 2012 139 2012 12 27 [2012]278 [2012]190 (8) 2012 10 292012 [2012]2272012 10 29 9.4.6 2012 1 99
2012 4 40 2012 9 502012 11 2012 1-12 2012 5-9 2012 8 2012 3 1 2012 9 3-10 25 2012 11 3 2012 12 6 2012 12 12 2012 62012 9 2012 11 2012 112012 2012 10 15-10 19 2012 11 15-11 16 2012 2012 1-12 2012 1 7 2012 12 2012 32012 10 2012 11 2012 11 2012 5-11 10 2012 2012 6 20 100
9.5 9.6 6 48.1 9.7 1 2 3 4 5 6 2 1 8.1.4 2 2012 6 62011 9.7.1 2 2012 3 28 2012 6 20 101
2/2 1/1 2012 6 20 2/2 1/1 2012 6 20 1/1 2012 6 20 1/1 2012 6 20 1/1 2012 6 20 1/1 2012 6 20 9.7.2 7 2012 102
2012 2012 2012 3 12 2012 3 28 2012 4 21 2012 6 20 2012 8 30 2012 10 30 2012 12 10 2013 3 13 2013 3 27 2011 20112011 2011 2012 2012 2012 2012 2012 2012 2012 20122012 2013 7/7 4/4 2012 6 20 4/4 2012 6 20 7/7 2012 3/3 2012 6 20 3/3 2011 2012 6 20 3/3 2012 2012 6 20 103
2012 2012 10 2013 3 27 2012 2012 2013 2013 2013 3 27 2012 9.14 9.7.3 2012 104
4 2012 3 12 2012 3 28 2012 6 20 2012 11 5 2012 2011 2011 2011 1/1 2012 10 29 2012 11 5 4/4 2012 6 20 2012 11 4 4/4 2/2 2012 6 20 2/2 2/2 2012 6 20 2012 2006 9 9.7.4 105
2012 2012 12 314 4 2012 3 28 2012 6 20 2012 8 30 2012 12 19 4/4 2012 6 20 3/3 2012 6 20 3/3 2012 6 20 4/4 2011 9 9-2012 6 19 1/1 2012 11 5 1/1 2012 6 20 1/1 2012 6 20 106
2012 10 9.7.5 4 2012 3 26 2012 6 20 2012 8 30 2012 11 29 2011 2011 2012 2012 107
3/3 2012 6 20 3/3 2012 6 20 4/4 3/3 2012 6 20 1/1 2012 11 5 1/1 2012 6 20 1/1 1/1 1/1 9.7.6 2012 6 6 2011 1 2012 6 20 2012 108
9.8 9.8.1 (1) 2011 2012 3 12 2011 2012 3 29 2011 (2) 2012 2012 12 10 20122012 4 3 2012 2012 2013 3 13 2012 9.8.2 2012 2 27 1,274.6835 5,035 2012 3 2920122011 9.8.3 2012 3 292011 [2003]56 2011 12 31 2012 11 5 9.8.4 2012 3 282011 9.8.5 109
9.8.6 9.8.7 2008 7 28 9.4.4 9.8.8 9.9 2012 9.9.1 (1) 2012 3 2926 20112011 2011 2011 2011 2011 (2) 2012 4 27 2012 (3) 2012 6 20 110
(4) 2012 8 30 20122012 (5) 2012 10 30 2012 2012 5 5 5 5 5 5 5 5 5 5 5 2 3 9.9.2 (1) (2) 2012 (3) 230 (4) (5) (6) (http://www. sse.com.cn) (http://www.hkexnews.hk) 111
(7) (8) 2012 2012 2012 9.10 9.10.1 2011 2012 2012 62000 2006 2 2 2012 2011 380 120 20112012 400 200 2013 20122013 2013 112
9.10.2 9.11 9.12 2012 6 20 23.515 10 9.13 9.13.1 (1) 2011 2011 2012 6 6 H 8 1,101,690.84 2012 6 6 113
(2) 2011 2012 12 5 2012 12 5 (3) 2011 2012 2012 12 27 139 4.5.1 2012 12 27 9.13.2 2012 2 20112012 220 2012 A+H 2012 BBB+ ca A+ ca A-1 114
20122012 302011 2012 2011Vision Awards 25 2013 9.14 9.14.1 2012 12 31 9.14.2 115
9.14.3 9.14.4 20112012 3 2012 5 [2012]105 20112011 [2012]15 2012 2012 4 27 2012 11 29 2012 9.14.5 2012 9.14.6 2009 9 29 116
[2010]126 9.14.7 2010 3 29 9.14.8 2012 5 635 1 5 46 117
6 35621 8 5 20062007 A2011 H408.88 2012 12 31 404.72 2012 2012 9 2012 12 2012 12 312,177,629 1,697,022 77.93% 479,845 22.04%762 0.03% 2012 12 31 1,522,498 1,101,121 72.32% 420,222 27.6%1,127 0.07% 28 0.0018% 2012 118
2012 [2003]56 [2004]338 (2013) 60469435_A06 2012 [2003]56 2012 12 31 119
................................................................................. 122...................................................................................... 123.................................................................................. 124.................................................................................. 125.............................................................................. 127.................................................................................. 128.................................................................................. 130 120
1.................................................................................... 132 2.................................................................................... 132 3................................................................................ 133 4..................................................................... 143 5.................................................................................... 144 6.................................................. 145 7.................................................................................... 148 8.................................................................................... 150 9.................................................................................... 151 10.................................................................................... 151 11.............................................................................. 153 12......................................................................... 154 13.................................................................................... 155 14.................................................................................. 155 15................................................................... 156 16........................................................................................ 156 17............................................................. 157 18............................................................................ 158 19........................................................................................ 162 20.............................................................................. 162 21..................................................................... 165 22........................................................................... 167 23.................................................................................. 168 24....................................................................... 169 25......................................................................... 171 26..................................................................... 171 27....................................... 172 28................................................................................ 172 29................................................................................ 173 30................................................................................ 174 31........................................................................... 174 32.............................................................................. 174 33.............................................................................. 174 34................................................................................ 175 35.................................................................................... 175 36........................................................................................ 175 37................................................................................ 176 38.................................................................................... 176 39.................................................................................. 177 40........................................................................................ 177 41........................................................................... 179 42.............................................................................. 179 43.............................................................................. 180 44.................................................................................. 181 45..................................................................... 185 46........................................................................... 189 47................................................................................ 200 48......................................................................... 200 121
123 200 2012 12 31 2012 12 31 2012 12 312012 2013 3 27 122
2012 12 31 2012 2011 7,089,695 9,713,232 8 2,172,183 2,056,433 9 3,648,018 14,392,596 12,909,896 26,162,261 161,345 208,612 13,071,241 26,370,873 10 800,805 1,067,483 10 947,693 654,986 10 3,785,608 4,996,961 280,174 191,601 400,888 488,343 10 1,770,933 2,842,634 13 30,039 1,513,625 8,016,140 11,755,633 5,055,101 14,615,240 439,344 376,127 (7,176) 39,636 5,487,269 15,031,003 14 1,180,466 2,426,514 4,306,803 12,604,489 4,237,418 12,576,483 69,385 28,006 4,306,803 12,604,489 17 0.38 1.23 17 0.38 1.23 16 123
2012 12 31 2012 2011 4,306,803 12,604,489 191,365 (1,816,623) (32,802) 436,199 251,296 (1,289,967) 409,859 (2,670,391) 5,417 (28,582) (202,233) 386,694 (2,872,624) 4,693,497 9,731,865 4,624,149 9,715,170 69,348 16,695 4,693,497 9,731,865 124
2012 12 31 2012 2011 12 31 12 31 18 3,319,826 3,338,447 391,786 314,424 19 500,900 500,880 160,950 138,758 21 9,027,265 8,703,425 21 768,276 775,387 22 11,985,629 7,993,916 27 272,835 23 818,533 840,411 24 836,688 1,344,367 255,170 241,838 28,337,858 24,191,853 48,387 35,993 25 9,423,188 2,967,278 22 25,892,481 28,833,816 26 38,325,031 18,750,470 27 209,743 298,885 28 423,192 1,077,628 29 793,623 575,760 790,000 30 5,366,768 1,554,008 31 33,851,517 35,760,238 32 25,835,767 33,444,451 140,169,697 124,088,527 33 34,807,288 36,477,143 28 636,272 1,127,702 14,303 4,475 6,283 34 22,043,614 14,232,693 2,900,000 100,000 35 1,004,471 2,689,667 36 790,564 37 17,533,863 5,041,520 79,734,850 59,675,008 60,434,847 64,413,519 88,772,705 88,605,372 125
2012 2011 12 31 12 31 38 1,500,000 1,500,000 24 323,176 104,478 265,232 10,691 2,088,408 1,615,169 86,684,297 86,990,203 39 11,016,908 11,016,908 40 50,228,214 48,723,982 25,219,882 26,846,395 86,465,004 86,587,285 219,293 402,918 86,684,297 86,990,203 126
2012 12 31 2012 1 1 11,016,908 34,527,836 5,464,621 9,718,593 (542,468) (444,600) 26,846,395 86,587,285 402,918 86,990,203 4,237,418 4,237,418 69,385 4,306,803 5,417 409,896 (28,582) 386,731 (37) 386,694 5,417 409,896 (28,582) 4,237,418 4,624,149 69,348 4,693,497 2011 (4,737,271) (4,737,271) (4,737,271) 420,568 (420,568) 706,092 (706,092) 26,744 26,744 (9,159) (9,159) (12,921) (22,080) (72,572) (72,572) (194,224) (194,224) 2012 12 31 11,016,908 34,524,094 5,885,189 10,424,685 (132,572) (473,182) 25,219,882 86,465,004 219,293 86,684,297 2011 1 1 9,945,702 24,199,570 4,679,619 9,073,546 2,116,612 (242,367) 20,662,217 70,434,899 412,816 70,847,715 12,576,483 12,576,483 28,006 12,604,489 (2,659,080) (202,233) (2,861,313) (11,311) (2,872,624) (2,659,080) (202,233) 12,576,483 9,715,170 16,695 9,731,865 2010 (4,972,851) (4,972,851) (4,972,851) 876,632 (876,632) 1,596,929 (1,596,929) 1,071,206 10,434,721 11,505,927 86,965 11,592,892 (106,455) (91,630) (951,882) 1,052,119 (97,848) (100,571) (198,419) (13,760) (13,760) 1,988 1,988 773 2,761 2011 12 31 11,016,908 34,527,836 5,464,621 9,718,593 (542,468) (444,600) 26,846,395 86,587,285 402,918 86,990,203 127
2012 12 31 2012 2011 5,487,269 15,031,003 232,890 63,750 (432,168) (415,763) (939,206) (720,174) (707,201) (534,058) (82,823) (570) (13,081,306) (416,774) 755,001 291,391 196,473 133,335 110,908 33,922 1,517,836 (3,883) (4,211) 3,596,752 2,918,889 (18,279,029) (5,286,391) 1,908,721 27,046,255 (11,610,687) (3,494,901) (27,980,995) 18,264,963 (1,610,766) (26,478,795) 7,810,921 7,331,093 3,017,367 1,950,932 9,217,522 (17,196,770) (15,166,721) 3,987,082 (2,027,246) (3,864,736) (17,193,967) 122,346 128
2012 2011 939,391 805,620 (506,170) (1,792,735) 7,944,870 (17,988) 37,737 120,840 (119,008) (48,895) 1,136,347 256,676 1,799,918 743,854 9,812,749 13,819,367 11,589,980 (184,631) (4,969,594) (5,050,361) 8,849,773 6,354,988 (7,600,340) 16,290,083 33,444,451 17,353,363 (8,344) (198,995) 41 25,835,767 33,444,451 32 25,835,767 33,444,451 32 25,835,767 33,444,451 129
2012 12 31 2012 12 31 2011 12 31 18 3,118,746 3,101,246 391,786 314,424 106,257 82,089 20 18,066,759 10,428,305 21 2,877,276 2,573,413 21 20 22 4,302,490 1,269,712 23 1,783,536 1,318,629 24 788,948 1,294,981 122,831 120,739 31,558,629 20,503,558 48,387 35,993 25 5,990,043 2,600,668 22 21,868,201 26,810,134 26 35,178,305 17,680,535 28 374,991 1,071,567 29 793,623 55,760 30 893,481 867,244 31 14,571,019 16,921,210 32 18,924,821 27,843,736 98,642,871 93,886,847 33 14,919,595 17,207,569 28 610,136 1,127,063 34 20,925,313 14,785,763 2,800,000 100,000 35 728,015 2,440,774 37 15,880,344 3,458,727 55,863,403 39,119,896 42,779,468 54,766,951 74,338,097 75,270,509 130
2012 12 31 2011 12 31 38 1,500,000 1,500,000 24 245,215 1,745,215 1,500,000 72,592,882 73,770,509 39 11,016,908 11,016,908 40 48,295,444 46,927,256 13,280,530 15,826,345 72,592,882 73,770,509 131
132 2012 12 31 1. 1995 10 25 19992003 8 2011H [2011]1366 2011 910 H 1.00H 1,071,207,000 75,907,000 2011 12 3111,016,908,400.00 (2011) 60469435_A09 2012 10 22 5% 2,236,890,620 20.30% 2013 2 25 2012 12 31 2. 2012 1 1 2012 12 31
(a) (b) (c) (d) (e) (f) (g) 3. (1) (2) 133
(3) (a) (i) (ii) (i) (ii) (b) (i) (ii) 134
(iii) (iv) (v) (c) (i) (ii) (iii) 135
(d) (i) (ii) (iii) (iv) (v) (vi) 1 1 Black-Scholes B-S B-S B-S 180 136
(e) (i) (ii) 30% (4) (5) (a) (b) (i) 0.5% (ii) 10% (iii) 20% (iv) 50% 137
(6) (7) (8) (9) 20% (10) 138
(11) (12) (a) 2,000 (b) 35 0.2262% 5% 2 5 1.667% 4.167% 0% 5 1.617% 3% 5 1.617% 3% 3 2.778% 0% 5 1.617% 3% 5 1.617% 3% 139
(c) (i) (ii) (d) (13) (a) 10 (b) 5 50% (14) 140
(15) (a) (b) (a) (b) 141
(16) (17) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i)(a)(i) 142
(18) (a) (b) (c) (19) 10% 10% 10%5% 10% 50% 25% 4. 143
5. (1) 2008 1 1 [2008]28 25% (2) 52 [2004]203 5% [2006]172 (3) (4) 7% 3% 2% 144
6. 1 2 7 2 9 4 10 2 2 27 11 2 12 2 13 2 2 10 11 12 1 1 19 2 28 2 32 3 10 12 3 27 2012 5 2 2012 5 1 2012 7 1 2 2013 1 1 3 2014 1 1 4 2015 1 1 1 20 93920 7 32 32 145
9 39 9 39 10 27 2011 10 27 12 27 2710 11 11 31 13 11 12 1227 3128 12 13 13 13 10 11 12 10 10 27 1 146
19 19 28 2011 11 1228 28 32 32 10 12 27 10 9 12 27 2012 5 1 1 1 1 16 32 12 34 147
7. (a) (b) (c) (d) (e) 148
2012 12 31 2,754,659 4,574,422 4,238,268 327,918 1,175,974 13,071,241 2,754,315 3,602,717 237,915 319,542 175,206 7,089,695 393 893,204 1,267,278 3,341 7,967 2,172,183 461 2,711,835 4,964 930,758 3,648,018 (49) 78,040 21,240 71 62,043 161,345 1,632,138 3,373,948 2,377,867 264,695 367,492 8,016,140 152,877 781,931 1 12,884 947,693 (3,854) 27,637 6,284 (28) 30,039 1,122,521 1,200,474 1,860,401 63,223 808,482 5,055,101 432,168 432,168 1,122,521 1,200,474 1,860,401 63,223 1,240,650 5,487,269 1,180,466 1,122,521 1,200,474 1,860,401 63,223 1,240,650 4,306,803 22,618 202,278 12,859 5,694 181,277 424,726 103,025 171,260 59,176 19,984 161,922 515,367 149
2011 12 31 1,984,984 5,728,690 846,643 3,251,135 14,559,421 26,370,873 1,982,638 4,517,536 3,097,393 115,665 9,713,232 196 1,154,226 855,164 35,991 10,856 2,056,433 85 1,403 (17,242) 71,045 14,337,305 14,392,596 2,065 55,525 8,721 46,706 95,595 208,612 1,586,335 3,691,043 2,357,256 2,289,855 1,831,144 11,755,633 242,445 403,374 9,167 654,986 1,927 (2,410) 1,517,836 (3,728) 1,513,625 398,649 2,037,647 (1,510,613) 961,280 12,728,277 14,615,240 415,763 415,763 398,649 2,037,647 (1,510,613) 961,280 13,144,040 15,031,003 2,426,514 398,649 2,037,647 (1,510,613) 961,280 13,144,040 12,604,489 13,628 172,657 4,595 30,991 85,510 307,381 492,453 233,160 203,675 296,507 589,865 1,815,660 8. 2012 2011 1,675,381 1,774,074 493,385 278,590 3,417 3,769 2,172,183 2,056,433 150
9. 2012 2011 707,201 534,058 939,206 720,174 1,672,851 (1,622,917) 147,636 55,334 (5,658) 13,081,306 (i) 186,782 1,624,641 3,648,018 14,392,596 (i) 10. 2012 2011 788,302 1,048,699 12,503 18,784 800,805 1,067,483 2012 2011 152,877 242,445 556,035 339,622 232,890 63,750 5,891 9,169 947,693 654,986 2012 2011 5,147 8,059 151
2012 2011 3,211,313 4,402,888 368,938 406,338 (i) 205,357 187,735 3,785,608 4,996,961 (i) 2012 2011 266,655 212,006 263,301 329,755 138,562 226,594 133,276 213,956 128,953 151,918 113,111 171,401 111,136 130,257 93,727 83,288 54,890 168,021 49,518 35,005 8,623 5,670 409,181 1,114,763 1,770,933 2,842,634 152
11 161 2012 (1) (2) (3) (4)=(1)+(2)+(3) 2,414 1,065 3,479 1,782 1,044 2,826 3,002 5,027 8,029 90 90 75 75 135 135 135 135 25 25 40 40 617 507 1,124 60 60 60 60 1,251 1,014 2,265 90 90 90 90 1,094 1,007 2,101 907 993 1,900 11,067 10,657 800 22,524 153
2011 (1) (2) (3) (4)=(1)+(2)+(3) 2,586 1,123 3,709 3,522 12,485 16,007 80 80 80 80 1,414 1,123 2,537 120 120 120 120 20 20 50 50 120 120 1,419 1,123 2,542 80 80 80 80 1,264 890 2,154 910 904 1,814 11,115 17,648 750 29,513 12. 02011 1 11 5 2011 4 2012 2011 5,984 12,672 47,717 31,832 3,141 53,701 47,645 154
2012 2011 9,000,001 9,500,000 1 9,500,001 10,000,000 1 10,000,001 10,500,000 1 10,500,001 11,000,000 1 11,000,001 11,500,000 1 1 11,500,001 12,000,000 1 12,000,001 12,500,000 1 14,000,001 14,500,000 1 5 4 13. 2012 2011 (i) 33,922 1,517,836 (3,883) (5,363) 1,152 30,039 1,513,625 (i) 0.34 2011 15.18 14. (a) 2012 2011 570,656 2,576,546 568,121 2,539,235 2,535 37,311 609,810 (150,032) 1,180,466 2,426,514 155
(b) 25% 2012 2011 5,487,269 15,031,003 1,371,817 3,757,751 (20,082) (44,397) 42,266 49,353 (220,381) (117,639) (10,805) (50,554) 17,651 (1,168,000) 1,180,466 2,426,514 15. 201231.31 2011 73.6140 16. 2012 2011 4,737,271 4,972,851 3,305,073 4,737,271 20120.3020110.43 156
17. 2012 2011 4,237,418 12,576,483 11,016,908 10,192,688 0.38 1.23 [2010]2 9 2010 33 2012 2011 157
18. 2012 12 31 2011 12 31 2012 1 1 2,276,176 4,510 141,363 71,633 5,281 756,782 36,589 3,292,334 691,921 3,984,255 137,641 1,170 14,834 3,720 184 114,156 10,084 281,789 230,677 512,466 89,064 178 1,181 16,687 83 31,576 138,769 153,923 292,692 2012 12 31 2,324,753 5,502 155,016 58,666 5,382 839,362 46,673 3,435,354 768,675 4,204,029 2011 12 31 2012 1 1 124,108 2,144 45,765 36,482 2,705 405,277 29,327 645,808 645,808 59,016 753 38,811 10,934 876 164,989 4,806 280,185 280,185 1,222 172 825 8,992 76 30,495 8 41,790 41,790 2012 12 31 181,902 2,725 83,751 38,424 3,505 539,771 34,125 884,203 884,203 2012 12 31 2,142,851 2,777 71,265 20,242 1,877 299,591 12,548 2,551,151 768,675 3,319,826 2011 12 31 2,152,068 2,366 95,598 35,151 2,576 351,505 7,262 2,646,526 691,921 3,338,447 158
2011 12 31 2010 12 31 2011 1 1 376,437 2,834 69,580 71,926 4,774 579,173 63,630 1,168,354 1,926,559 3,094,913 2,015,620 2,211 86,129 12,204 519 320,049 3,976 2,440,708 1,108,329 3,549,037 115,881 535 14,346 12,497 12 142,440 31,017 316,728 2,342,967 2,659,695 2011 12 31 2,276,176 4,510 141,363 71,633 5,281 756,782 36,589 3,292,334 691,921 3,984,255 2010 12 31 2011 1 1 115,523 1,685 37,114 32,182 1,861 368,428 47,574 604,367 604,367 27,480 519 18,880 13,051 855 131,770 6,417 198,972 198,972 18,895 60 10,229 8,751 11 94,921 24,664 157,531 157,531 2011 12 31 124,108 2,144 45,765 36,482 2,705 405,277 29,327 645,808 645,808 2011 12 31 2,152,068 2,366 95,598 35,151 2,576 351,505 7,262 2,646,526 691,921 3,338,447 2010 12 31 260,914 1,149 32,466 39,744 2,913 210,745 16,056 563,987 1,926,559 2,490,546 159
2012 12 31 2011 12 31 2012 1 1 2,117,301 2,270 88,360 38,596 2,099 410,129 281 2,659,036 690,458 3,349,494 137,641 117 5,581 1,559 20 78,594 223,512 228,676 452,188 89,063 79 690 935 41 24,686 115,494 150,880 266,374 2012 12 31 2,165,879 2,308 93,251 39,220 2,078 464,037 281 2,767,054 768,254 3,535,308 2011 12 31 2012 1 1 51,199 1,153 14,231 19,865 1,117 160,412 271 248,248 248,248 55,209 260 27,623 6,421 307 105,243 195,063 195,063 1,222 77 506 907 40 23,997 26,749 26,749 2012 12 31 105,186 1,336 41,348 25,379 1,384 241,658 271 416,562 416,562 2012 12 31 2,060,693 972 51,903 13,841 694 222,379 10 2,350,492 768,254 3,118,746 2011 12 31 2,066,102 1,117 74,129 18,731 982 249,717 10 2,410,788 690,458 3,101,246 160
2011 12 31 2010 12 31 2011 1 1 121,213 1,340 19,421 33,666 2,027 193,233 284 371,184 1,885,693 2,256,877 2,015,620 991 72,969 5,731 84 231,520 2,326,915 1,103,632 3,430,547 19,532 61 4,030 801 12 14,624 3 39,063 2,298,867 2,337,930 2011 12 31 2,117,301 2,270 88,360 38,596 2,099 410,129 281 2,659,036 690,458 3,349,494 2010 12 31 2011 1 1 30,328 1,040 11,725 14,899 811 118,830 274 177,907 177,907 21,015 172 6,292 5,743 317 55,874 89,413 89,413 144 59 3,786 777 11 14,292 3 19,072 19,072 2011 12 31 51,199 1,153 14,231 19,865 1,117 160,412 271 248,248 248,248 2011 12 31 2,066,102 1,117 74,129 18,731 982 249,717 10 2,410,788 690,458 3,101,246 2010 12 31 90,885 300 7,696 18,767 1,216 74,403 10 193,277 1,885,693 2,078,970 161
19. 2012 12 31 2011 12 31 500,880 825,112 500,880 825,112 500,880 825,112 20 (324,232) 500,900 500,880 500,900 500,880 500,900 500,880 20. 2012 12 31 2011 12 31 18,066,759 10,428,305 162
(a) % (i) 590,000 590,000 100% 5,010 5,010 100% 1,500 1,500 100% 83,100 83,100 100% 10,000 10,000 100% 32,000 22,381 69.94% 67,200 67,200 100% 500 500 100% 500 500 100% 10,000 10,000 100% 21,000 11,000 52.38% 200 200 100% 100 100 98.80% (ii) 300,000 300,000 100% (iii) 651,605 100% 25,000 100% 5,000 100% 38,000 100% 1 100% Dragon Stream Investments Limited 1,000 100% 163
% CSI Capital Management Limited (iv) CITIC Securities Equity Trading Company Limited CITIC Securities International Partners, Ltd. CSI REITs Investment Management Company Limited CSIAM (CAC) Investment Limited August Sky Holdings Limited CSI Direct Investments Limited 5,000 100% 200 100% 1,800 72% 1 100% 1 100% 1 100% 1 100% CSI USA Securities Holdings, Inc. 880 1 100% CITIC Securities Carbon Trade and Investment Company Limited 25 100% CSI Nominee Services Limited 1 100% CSI Capital Advisors, Limited 20 100% GMMC Limtied 1 100% CITICS Global Absolute Return Fund (v) 10,000 100% CITICS Global Multi-strategy Fund (v) 5,000 100% 164
(b) % 7,000 (vi) 80,000 88,500 (vii) 150,000 1,250 12,072 91.35% 95,309.43 96% 100% 150,303 100% 1,858.98 100% (i) 759 (ii) (iii) 3.5632 (iv) CITIC Securities International Fixed Income Limited CSI Capital Management Limited (v) CITICS Global Absolute Return Fund CITICS Global Multi-strategy Fund (vi) 0.5% 96% (vii) 715 21. 2012 2011 2012 2011 12 31 12 31 12 31 12 31 9,027,265 8,703,425 2,877,276 2,573,413 768,276 775,387 20 9,795,541 9,478,812 2,877,276 2,573,433 165
180,000 35% 35% 23,800 49% 49% 3,000 33% 33% 62,000 32.26% 32.26% CITIC PE (Hong Kong) Limited 35% 35% World Deluxe Entreprise Limited 40% 40% 803 50% 50% CITIC Securities Alpha Leaders 33,862 (i) (i) Fund Limited CSI RMB Fund Ltd. (i) (i) (i) 2012 12 31 2011 12 31 8,746,750 8,126,966 1,633,835 1,524,370 7,112,915 6,602,596 3,654,973 4,722,192 991,712 1,723,012 925,469 1,537,876 132,150 745,874 793,319 792,002 50,594 123,934 (6,158) 43,530 166
22. 2012 2011 2012 2011 12 31 12 31 12 31 12 31 3,299,264 63,840 3,033,177 8,852,696 8,096,007 1,421,042 1,421,441 12,151,960 8,159,847 4,454,219 1,421,441 166,331 165,931 151,729 151,729 11,985,629 7,993,916 4,302,490 1,269,712 3,299,264 63,840 3,033,177 8,852,696 8,096,007 1,421,042 1,421,441 12,151,960 8,159,847 4,454,219 1,421,441 167
2012 2011 2012 2011 12 31 12 31 12 31 12 31 12,556,957 14,940,175 13,845,139 14,520,340 (i) 9,803,086 14,818,519 7,994,922 13,740,031 3,632,801 657,005 60,082 60,000 25,992,844 30,415,699 21,900,143 28,320,371 100,363 1,581,883 31,942 1,510,237 25,892,481 28,833,816 21,868,201 26,810,134 21,472,658 28,028,745 19,254,643 26,850,527 4,520,186 2,386,954 2,645,500 1,469,844 25,992,844 30,415,699 21,900,143 28,320,371 (i) 2012 12 311.15 2011 12 31 0.15 23. 2012 2011 2012 2011 12 31 12 31 12 31 12 31 693,696 827,599 362,834 389,225 40 30 1,312,744 916,622 124,797 12,782 107,958 12,782 818,533 840,411 1,783,536 1,318,629 168
24. 2012 1 1 54,781 271,876 377,659 52 632,976 7,023 1,344,367 (54,781) (369,674) 262,307 (200,687) (192) (363,027) (144,652) (144,652) 2012 12 31 127,224 7,985 262,359 432,289 6,831 836,688 2011 1 1 503 15,076 2,268 84,630 1,018,647 6,943 1,128,067 (503) 39,787 377,198 52 (364,938) (927) 50,669 269,608 269,608 (82) (84,169) (20,733) 1,007 (103,977) 2011 12 31 54,781 271,876 377,659 52 632,976 7,023 1,344,367 2012 1 1 104,478 104,478 245,271 694 818 246,783 (28,085) (28,085) 2012 12 31 245,271 76,393 694 818 323,176 169
2011 1 1 697,795 99,208 155 797,158 (99,208) (155) (99,363) (516,664) (516,664) (76,653) (76,653) 2011 12 31 104,478 104,478 2012 1 1 54,781 269,351 377,559 52 588,025 5,213 1,294,981 (54,781) (369,574) 257,862 (194,726) (3,623) (364,842) (141,191) (141,191) 2012 12 31 128,160 7,985 257,914 393,299 1,590 788,948 2011 1 1 14,461 361 906,589 5,749 927,160 40,320 377,198 52 (318,564) (536) 98,470 269,351 269,351 2011 12 31 54,781 269,351 377,559 52 588,025 5,213 1,294,981 170