29 29 6 22 86-755-22624358 liaowg@pasc.com.cn 86-755-22623263 gaoli@pasc.com.cn 129 293 292 19.85-37.27 29 2 3 2 H1N1 6 3 69 13.9 3 22.8 29 2 GDP8 29 2969 3 2421 17 28 1 4 29 H1N1
29...3 1...3 2...4 3...5...6...8...9 1...9 2...1 3...12 1 29 3...3 2...3 3...4 4 3...4 5...5 6...5 7...6 8...7 9...7 1 29 1 1 6 9...8 11..8 12...9 13...9 14... 11 15... 11 16...13 17...14 18...14 2/15
3/15 29 1 293 292 19.85-37.27 29 5.5632 1.6 3 13.8523.653.76 1 29 3-1 -5 5 1 15 2 2 36.7 4.89-37.27 51.7 29.12 19.85-6 -4-2 2 4 6 27-11 28-11 29-2 26 27 28 2527 28 5129292 19.85 25 331
27 28 9.69.9 1999 28 2.7 24.7 3 8, 7, 6, 5, 4, 3, 2, 1, 1999 2 21 22 23 : ( 24 25 26 27 28 : 29-2 6 5 4 3 2 1 : : 2 29 5.5632 1.6 3 13.8523.653.76 4 3 12 1 8 6 4 2-2 -4 WIND 27Q1 27Q2 27Q3 27Q4 28Q1 28Q2 28Q3 28Q4 29Q1 3 SW 3 SW 3 ( ) SW 29 28 28 28 4/15
5 35 3 25 2 15 1 5-5 WIND 27Q1 27Q2 27Q3 27Q4 28Q1 28Q2 28Q3 28Q4 29Q1 6 35 3 25 2 15 1 5-5 27Q1 27Q2 27Q3 27Q4 28Q1 28Q2 28Q3 28Q4 29Q1 SW SW SW SW SW SW WIND 3 28 3 15 27 24.72 28 19.4529 19.6 27 6 5/15
7 3 25. 2 15. 1 5. 27Q1 27Q2 27Q3 27Q4 28Q1 28Q2 28Q3 28Q4 29Q1 SW 3 WIND 29317 294 7 3 H1N1 6 292 624 1444 1215 115 23 35 6/15
7/15 8 2 4 6 8 1 12 14 16 1999 2 21 22 23 24 25 26 27 28 29 1 2 3 4 5 6 7 9 29 23 53.9 47.33 15.28 4.35 59.91 92.25 113.45 2 4 6 8 1 12 29117 / /
8/15 129 69 69 13.9 3 22.8 29 2 29GDP8 29 1 29 1 1 6 9-1 1 2 3 4 5 6 7 9-1 9-1 9-2 9-2 9-3 9-3 9-3 9-4 9-4 9-5 9-5 9-6 5 1 15 2 25 ( ) A 3 2 2969 3 2421 17 28 1 11-5 5 1 15 2 25 3 5 3 7 3 8 3 9 3 1 3 SW SW SW SW SW SW SW WIND 3 3 2566 28128 45125 27
27 5 12 2 15 1 5 25 2 15 1 5-5 -1 3 SWSW 29/6/9PE 28/128PE 27/1/16PE 25/6/6PE 9 3 8 3 7 3 5 3 2566 28128 27116 2969 WIND 13 14 12 1 8 6 4 2 25 26 27 28 29E GDP 3 1 29 2 3 29GDP 8 GDP 969 9 1 24.86 2 3 9/15
1/15 29 H1N1 2 2.1 68 VCVE 1 5 27 28 28 VC 1.511 VEVA B VC 2914 VC 4 1.56 4VC VC VC VC VE 2914VE 5 8 VE VE VB1 VB1 VB1 2914 29VB1 VB2 VB2 65 6 DSMBSF 23 2 15 27 56 / 17/ 281 3
14 9,, 8,, 7,, 6,, 5,, 4,, 3,, 2,, 1,, CEIC data 281 282 283 284 285 286 287 288 289 281 2811 2812 291 292 293 294 VA VB1 VB2 VD VB6 VB12 VC VE 15 7 6 5 4 3 2 1 CEIC data 281 282 283 284 285 286 287 288 289 281 2811 2812 291 292 293 294 VA VB1 VB2 VD VB6 VC VE 2.2 6 7 11/15
2.3 2.4 2.5 H1N1 H1N1 H1N1 H1N1 H1N1 H1N1 3 3.1 28 8 5.25 6.7 5 2 29 2 3 27 12/15
29 11 15 / 38.8 4 41 29 1.15 29 21 EPS 1.15 1.46 211 15 25 EPS 1.49 PE 21.16 16.67 16.33 16 / 27 28 29E 21E 211E 4,556.6 4,951.5 5,218.6 6,2.5 6,9. 1.2 8.7 5.4 15.4 14.6 1,342.3 1,51.3 1,734.7 2,67.4 2,369.5 29.5 3.3 33.2 34.3 34.3 17.5 11.9 15.5 19.2 14.6 45.2 464.8 641.7 817.4 951.6 8.9 9.4 12.3 13.6 13.8 92. 14.7 38.1 27.4 16.4 586.1 483.5 66.7 836.4 97.5 117.1 74.2 99.1 125.5 242.6 469. 49.3 561.6 71.9 727.8 2. 15.9 15. 17. 17. 449. 393.4 546.6 693.9 71.8 9.9 7.9 1.5 11.5 1.3 172.8-12.4 39. 26.9 2.4 EPS 1.2.83 1.15 1.46 1.49 3.2 29 3 28 6.87 539 27 29 23 1.5 28 1 28 28 1.5 8 13/15
29 21 211EPS.34.46.49 211 15 25 3 17 / 27 28 29E 21E 211E 624.3 687.2 1,5. 1,26. 1,47. 14.1 1.1 52.8 2. 16.7 224.2 248.4 374.1 449.5 524.7 35.9 36.1 35.6 35.7 35.7 18.2 1.8 5.6 2.1 16.7 128.5 77.2 11.7 14.5 166.2 2.6 11.2 1.5 11.1 11.3 71.1-39.9 43.4 26.8 18.3 131.2 83.6 114.6 144.7 171. 18. 11. 17.2 21.7 37.6 113.1 72.6 97.4 123. 133.4 19.1 18.7.8 1. 1.1 94. 53.9 96.6 122. 132.3 15.1 7.8 9.2 9.7 9. 84.8-42.7 79.2 26.3 8.4 EPS.36.19.34.42.46 18 EPS PE 6 11 28 29E 21E 211E 29E 21E 211E 21 3426 3.97 4.2 2.85 3. 1.87 1.32 597 3338 2.8 1.7 1.9 2.1 1.95 9.9 6216 456 24.53 2.16 1.62 1.8 1.89 15.14 13.63 12.98 952 2517 1.93.39.41.46.5 26.66 23.76 21.86 6276 6274 35.38.82 1.12 1.44 1.62 31.59 24.57 21.84 662 47641 24.76.81 1.15 1.46 1.49 21.16 16.67 16.33 6812 12857 8.5.26.35.5.75 24.29 17. 11.33 566 21134 11.28.21.5.66.75 22.56 17.9 15.4 642 28773 8.8.19.34.42.46 27.5 22. 18.33 6129 32838 9.4.7.27.31.4 34.81 3.32 23.5 A 522 4695 8.15.16.27.33.4 3.19 24.7 2.38 6161 48825 2.4.27.45.61.76 44.53 32.85 26.37 27 3612 29.59.83.77.98 1.25 38.43 3.19 23.67 661 13132 17.8.15.25.37.47 68.32 46.16 36.34 222 4123 17.12.53.55.68.84 31.13 25.18 2.38 23 2476 12.29.2.27.37.5 45.52 33.22 24.58 14/15
6 2 6 12 6 1 6 1 29 8 51848 7552229 75582449257