2006/02/24 / 2006/2/20 3 4 6.4 4.25 25% (0755) 8249 2089 tianyi@lhzq.com (0755) 8249 2058 liusq@lhzq.com (021) 5876 7774 yangwc@lhzq.com 1 2 3 4 38 3 552 31 (021) 5879 1592 wangyj@lhzq.com http:// 219.133.104.135/ibase 1 / 13
...3 1...3 2...4...4...5 1...5 2...5 3...6...7 1...7 2...9 3...9...11 http:// 219.133.104.135/ibase 2/13
1 2005 12 2,, 1, 2 " ", 3, 30 50,, 80 100 4, 96 9 18, 169 http:// 219.133.104.135/ibase 3/13
2 1 HK0857 61.5 A 143 63.88 10.44 2 HK2600 http:// 219.133.104.135/ibase 4/13
3 100% 127.413 G 29.7 A 4 1100 572 40 1 10 2 15 13-26% 05 56-73% 1 051026 05PE PB (e) 000618 5.25 6.92% 3.28 000763 4.25 10.10% 4.22 000817 8.8 18.76% 2.98 2.8 7.3 3.1 000406 10.3 16.91% 56.30% 14.93 2.05 12.8 000956 12.12 13.17% 73.39% 13.77 2.09 11.14 000866 13.95 26.24% 61.27% 9.43 2.41 600002 10.18 24.45% 63.40% 8.48 2.65 600028 5.24 10.92 2.24 WIND 2 http:// 219.133.104.135/ibase 5/13
50 50% 10 3 30% 65% 12% 2 17 2005 5 223 G 21% 9% 12% 12% PB 7 PB 2-2.4 ( 2004 ) PB 2.4-3 2-3 6.4 6.4 4.25 4.25 3 1. 2 PB 5.34 2 PB 4.25 2. A 3. http:// 219.133.104.135/ibase 6/13
4. A 1 2 17 33735 55.98% 55.73% 18800.6 11103.2 68.93% 68.93% 7653.2 22000 57.47% 57.47% 12641.2 602108.42 50.11% 50.11% 301107.54 112126.5 42.52% 34.24% 38396.49 11800 66.10% 66.10% 7800 G 39519 60.56% 60.56% 23934 http:// 219.133.104.135/ibase 7/13
*40151 72.28% 68.05% 27323 30247.07 43.91% 43.91% 13281.84 24000 66.66% 62.90% 15098.1 42240.66 46.66% 46.66% 19711.06 6511.986 37.77% 37.77% 2459.89 1751200 72.99% 72.99% 1322862.58 82697.3 71.70% 71.70% 59297.3 *332600 47.46% 47.46% 168000 31728.255 48.29% 38.74% 12292.55 62067.78 44.30% 44.30% 27496.03 * 600038 600027 600058 3 21 39780 65.81% 65.81% * 46208 70.01% 70.01% 41000 71.57% 71.57% 62640 54.79% 54.79% 25200 57.14% 54.75% 14000 64.29% 58.43% 49467.8 42.61% 42.61% * 24149.3 68.12% 50.87% 46784 69.77% 58.54% 18950.4 56.69% 41.67% 18731.4 61.30% 61.30% 18500 59.46% 23.78% 36244.7 49.59% 49.59% 40141 74.44% 74.44% 45000 48.89% 48.89% 57336 82.56% 39.51% * 84825 72.41% 41.28% 43000 81.40% 40.70% 226943.72 74.05% 33.61% 37014 62.37% 37.64% 70580 38.65% 38.65% * http:// 219.133.104.135/ibase 8/13
2 4 EPS 05Q3 PB PE & 97% 76755 0.56 6.27 22.6 33.1% 40, 0.37 3.97 40 16000 60.63% 90% 40367.4 80% 0.044 1.67 107 47.49% 6.5 190000 0.65 2.9 16.2 63.78% 24.3 35911.80 0.26 2.76 2 59.22% 88109.88 0.051 1.0 62.4 56.1% 0.102 3.0 67.4 20051. 22.12% 469000 0.09 4.86 35.0 52.11% 76066.70 0.224 1.00 11.0 III 59.10% 33% 53685.60 9.57% 0.4848 2.00 12.9 62.87% 50% 29120 50% 0.33 3.14 14.2 68.6% 17108.13 0.055 1.07 70.0 27.78% 35640 0.0773 1.59 64.2 20% 46% 58.18% 3 http:// 219.133.104.135/ibase 9/13
552 PB 1.5 40 3 ROIC 3 3 31 5 31 3 ROIC (%) (2006- (2005, (%) ('2006- (2005-12- (2005, 02-22) ) 02-22') 05~2006- (2005, ) ( ) (%) ROIC ( ) 02-22) (%) (%) 2004 2003 2002 2004 2003 2002 (%) )(%) 24.54 1.3-24.21-7.52 393.15 85.05-320.15 12.25 5.98-4.98 2.03 9.14 66.35 30.06 1.16 1-4.14 52.77 154.1-182.52 1.85-23.99-5.46 3.23 11.76 45.42 24.81 1.38 1.13-1.09 87.18 88.74 246.95 47.58 20.89-2.61 3.06 9.68 31.77 20.52 0.88 0.88 1.36 76.87 3.39-22.16 7.74-12.03-1.22 4.27 13.87 45.97 18.3 1.26 1.43 1.52 49.8 167.63-82.73 28.74 74.1-16.84 2.64 12.82 58.37 38.14 0.93 1.05 3.59 548.94 133.53 67.12-17.54-1.5 23.19 2.46 2.5 67.12 19.15 1.27 3.55 3.83-92.86 83.53 1395.29-26.17 120.34-37.7 4 21.32 66.1 13.96 1.21 3.56 5.58-147.41 38.49 118.79 81.31 16.96-5.52 4.13 15.99 52.54 13.4 1.22 3.6 7.12-196.58 115.7 176.07 31.08 8.71-35.35 3.67 17.25 20.8 15.29 1.14 3.25 7.15 68.07-10.42-13.61 6.05-3.49-1.92 4.81 31.42 41.7 26.42 1.46 7.2 7.99 100.59-33.53-10.7 68.11-16.56 2.3 3.21 14.52 37.92 31.64 1.37 2.29 8.30 69.01 326.4 166.47 3.32-4.75 18.78 5.93 14.92 66.04 6.65 1.37 1.77 8.68 55.44-47.87-41.94 57.61 25.03 0.29 3.5 16.67 40.72 5.74 1.41 4.58 11.80 27.93 5.61-4.68 36.72 11.72 12.34 3.93 11.65 27.53 9.5 1.49 2.96 12.16-30.99-22.94-19.2 9.7-4.84-7.08 3.95 15.5 50.16 35.46 1.25 4.98 12.49 346.5 146.37 11.76 13.76-4.13 14.03 3.71 9.44 51.85 39.06 1.08 3.65 12.81-175.18 112.08 245.92 0.96 100.86 38.03 3.5 26.81 63.63 27.99 1.21 2.7 12.97-44.76 502.39-41.6 28.67 140.58 7.14 3.79 27.18 60.54 30.36 0.84 5.32 13.16-35.55-11 42.76 18.02 68.29 28.34 2.73 19.27 38.09 33.3 0.94 8.15 14.36-73.88 5.63 132.21 16.65 9.07 6.01 3.76 17.22 30.39 14.68 1.47 6.74 14.90-54.33-19.41 425.33 15.61 22.53 68.71 2.44 7.02 53.2 32.97 1.4 9.54 16.70 28.54-19.16-41.55 20.44 31.73 7.25 3.84 20 38.35 36.64 1.09 6.49 17.38-61.94-31.84 61.35-19.82 10.68 28.51 2.8 26.13 29.36 23.5 1.46 4.84 17.53-234.94 0 0-6.2 67.95-19.29 4.8 20.44 68.05 36.05 1.09 14.14 17.57 107.84 12.81 387.74 54.76 44.64 47.83 5.02 30.73 54.23 35.03 1.26 7.68 19.25-8.02-22.02 30.87 18.61 7.28 3.29 3.91 7.16 50.15 38.45 1.08 9.49 19.57-18.87 36.2-19.81 10.9 42.68-1.46 0.399 7.26 39.79 37.63 1.49 9.68 19.59-33.72 47.15 1.66 54.55 31.57 40.66 5.28 3.73 58.73 29.06 1.46 19.1 21.92-20.21-4.84 807.53 59.96 34.81 13.49 5.39 30.83 44.51 39.54 0.81 13.61 24.36-32.09 21 75.41 38.97 38.38 12.95 2.44 18.45 64.7 23.85 0.8 26.34 41.25-17.29 3.72-14.54 60.97 45.27 33.16 3.75 18.71 57.58 3 ROIC 3 2004 2 2003 2002 /6 http:// 219.133.104.135/ibase 10/13
3 ROIC 3 ROIC 3 25% 16 05 38.54% 13% 25.54% 6 05 000618 67.29% 28.74% 000817 81.82% 25.17% 000763 80.95% 25.59% 600002 82.05% 22.27% 000866 84.98% 15.58% 000956 70.85% 49.16% 000406 26.33% 64.98% 000612 52.34% 107.91% 600296 28.00% 40.53% 600205 71.43% 75.65% G 000896 38.15% 35.44% 600757 40.27% 2.7% 600094 31.51% 5.7% 600579 56.45% 8.05% 600230 68.35% 49.51% 000698 46.66% 59.81 38.54% http:// 219.133.104.135/ibase 11/13
http:// 219.133.104.135/ibase 12/13
6 10% 6-10% 10% 6 10% 5047 10 518001 TEL: (86-755) 8249 2080 FAX: (86-755) 8249 3318 E-MAIL: LZRD@LHZQ.COM 161 34 200121 TEL: (86-21) 5840 6452 FAX: (86-21) 5840 6254 E-MAIL: LZRD@LHZQ.COM 2006 http:// 219.133.104.135/ibase 13/13