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公司簡介 中國交通建設股份有限公司 ( 中交股份 或 本公司 包括其所有子公司 ( 除內文另有所指外 )) 成立於二零零六年十月八日 本公司首次公開發行的 H 股於二零零六年十二月十五日在香港聯合交易所有限公司 ( 香港聯交所 ) 掛牌上市 ( 股份代號 :1800) 本公司及其子公司 ( 統稱 本集團 ) 主要從事交通基建建設 基建設計, 疏浚及港口機械製造業務, 是目前中國最大的港口建設及設計企業 ; 中國領先的公路 橋樑建設及設計企業 ; 中國最大 世界第三的疏浚企業 ; 全球最大的集裝箱起重機製造商 本公司現時擁有全資 控股子公司 37 家 中交股份在參與眾多國家重點工程建設項目中, 創造了諸多國內乃至亞洲和世界水工 橋樑建設史上的 第一 之最, 為中國交通建設事業做出了巨大貢獻 中國絕大部分沿海及內河的大中型港口和航道, 國內各高等級主幹線公路及大型特大型橋樑隧道等交通基建建設工程, 均由本公司參與設計 承建 本公司的疏浚能力佔國內疏浚能力的一半左右 截至二零零六年六月, 按訂單計算, 本公司集裝箱起重機業務佔世界市場份額 70% 以上 2 本公司擁有 3 位中國工程院院士 1 位國家級勘察大師 12 位國家級設計大師以及具有國家領先水準的眾多高級工程師 科學家及專家 ; 擁有 10 所國家級設計院 2 所國家級研發中心 5 個重點實驗室, 擁有眾多具有自主知識產權, 達到國際先進水平的科研成果 近 10 年來, 本公司共榮獲 國家科學技術進步獎 中國建築工程魯班獎 中國土木工程詹天佑獎 國家優質工程獎 等獎項 120 餘項 本公司擁有大批行業專用設備, 包括現代化疏浚船隊 專用港機運輸船隊 各類海上工程船舶設備及陸用工程機械以及各類先進的勘察設計科研機器及設備 本公司人材濟濟, 擁有先進技術 研發能力及設備, 具備贏得及履行大型及複雜的挑戰型項目合同的競爭優勢 本公司積極參與國際承包工程的合作與競爭 20 多年來, 享譽亞洲 非洲和美洲市場 自一九九二年起連年入選 ENR 世界最大 225 家國際承包商之列 中國交通建設股份有限公司將始終秉承 誠信服務 優質回報 不斷超越 的企業宗旨, 致力於中國乃至世界交通建設事業, 公司願與世界朋友攜手共贏, 共同創造更加輝煌燦爛的明天
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% 114,881 83,265 38.0 4,286 2,971 44.3 3,199 2,195 45.7 126,952 79,059 60.6 90,225 66,612 35.4 36,727 12,447 195.1 0.29 0.20 45 2.15 0.83 159.0 4
5 2006 MSCI
. 1,539.3644.1%1,148.8138.0% 31.9945.7%0.29. 292 6.
. 5 7
50 55 1,148.8138% 31.99 10.0445.7% 1,539.36 1,549.57 20.9410.7% 1.7623.82% 252 144 4.955615.4%9,30026% 12 340.446 348 4.542006 8 2006 1,550 20061,040 9971,605705200676,600 3,9601.5 2006 5.4 200530
World Cargo News Statistics 11,703 1,3144,3987,305 762.201,052.14 1,027.11 1. 12 9 (1) 5 7 10 1,600 1.53 350 (2) 29 2912
1. (3) 2. 110073 1,3364030 (1) C C 167 1,585 10 (2) V 36 (3) 612.4
3. 9290.29 87.72 (1) WHZQ-1 46 17 (2) 166 256 11 55.0268.68 77.40 1. 27 30 (1) 1,400 4 7-10 89210 (2) 30 9.2 (3) 10 6
2. 20 32 3. 4.28 80%0.723.56 104.50113.92 113.21 (1) 12 3,239 3.45 (2) 1,582 (3) 37-18.5-19.5 2172,440
ZPMCSPMP 190.28 258.68 285.85 261 500 555 70% 2860 1428 40 4000 360 13 138 14.88 900 ZPMC 900
102 2512 -- 3 5 14
2006 12 3155.1454.8% 31.9945.7%0.29 1,148.81832.65316.16 38.0%214.97 36.27 50.81 39.3% 53.2% 36.4% 1,030.66751.10279.56 37.2%199.27 28.40 40.33 38.8% 49.6% 33.5% 118.1581.5536.60 44.9% 9.8%10.3% 16 64.8838.0926.7970.3% 9.91 7.77 7.62105.3% 143.9% 48.3%4.6%5.6% 3.471.172.30 13.374.339.04208.8% 3.55 5.911.554.36 9,3004,700 1.091.17
55.1435.6319.51 54.8% 12.285.926.36107.4% 22.3% 16.6% 2.90 10.877.763.1140.1% 43.26%50.32% 31.9921.95 10.0445.7%2.8% 2.6% 17 (1) % % 76,220 54,723 4,878 3,308 6.4 6.0 1,932 941 2.5 1.7 65.5 64.9 41.3 40.5 29.3 24.1 5,502 4,441 1,653 1,413 30.0 31.8 863 716 15.7 16.1 4.7 5.3 14.0 17.3 13.1 18.4 10,450 6,823 1,887 1,100 18.1 16.1 1,317 540 12.6 7.9 9.0 8.1 16.0 13.5 20.0 13.9 19,028 13,947 2,956 1,908 15.5 13.7 2,339 1,577 12.3 11.3 16.4 16.5 25.0 23.3 35.5 40.4 5,111 4,409 441 443 8.6 10.0 139 124 2.7 2.8 4.4 5.2 3.7 5.4 2.1 3.2 116,311 84,343 11,815 8,172 6,590 3,898 (1,430 ) (1,078 ) (17 ) (102 ) (89 ) 114,881 83,265 11,815 8,155 10.3 9.8 6,488 3,809 5.6 4.6 (1)
76,220 54,723 (71,342) (51,415) 4,878 3,308 (54) (51) (3,063) (2,376) (1) 171 60 1,932 941 1,196 1,110 (1) 762.20547.23 214.9739.3% 1,052.14 683.82368.3253.9% 5% 18 713.42514.15 199.2738.8%94.0% 93.6% 33.0815.7047.5%48.78 6.0%6.4% 5,400 5,1003005.9% 30.6323.76 6.8728.9% 4.3%4.0% 6,000 1.11 1.71 19.32 9.419.91105.3% 1.7%2.5%
5,502 4,441 (3,849) (3,028) 1,653 1,413 (93) (145) (787) (554) / (1) 90 2 863 716 104 93 (1) 19 55.0244.41 10.6123.9% 68.6854.18 14.5026.8% 38.4930.28 8.2127.1%68.2%70.0% 16.5314.132.4 17.0% 9,3001.45 5,20035.9% 7.875.54 2.3342.1%12.5% 14.3% /9,000 2008,800 8.63 7.161.4720.5% 16.1%15.7%
10,450 6,823 (8,563) (5,723) 1,887 1,100 (25) (21) (637) (550) / (1) 92 11 1,317 540 400 371 (1) 104.5068.23 36.2753.2% 113.9298.9015.0215.2% 20 85.6357.23 28.4049.6%83.9% 81.9% 18.8711.007.87 71.5% 16.1%18.1% 2,5002,100 40019.0% 6.375.50 8,70015.8%8.1% 6.1% 9,200 1,1008,100 13.175.40 7.77143.9%7.9%12.6%
19,028 13,947 (16,072) (12,039) 2,956 1,908 (46) (39) (511) (367) / (1) (60) 75 2,339 1,577 460 320 (1) 21 190.28139.47 50.8136.4% 258.68216.0042.6819.8% 160.72 120.3940.3333.5% 86.3%84.5% 29.5619.0810.48 54.9% 13.7%15.5% 4,600 3,90070017.9% 5.113.67 1.4439.2% 2.6%2.7% 6,000 7,500 23.39 15.777.6248.3% 11.3% 12.3%
3,495 2,914 (8,032) (4,942) 24,606 2,884 20,069 856 10,797 9,993 (73) (52) 30,793 10,797 29.1434.95 5.81 59.0290.19 34.59 94.6656.99 124.47 22 80.3249.42 30.90 BOT 70.67BOT 13.423.75 5.84 246.0628.84 178.78 290.43205.5215.56
BOT 3,591 2,739 271 186 1,293 676 3,241 1,606 100 121 8,496 5,328 84.9653.2831.68 59.5% 23 171,683 145,684 (157,123) (136,103) 14,560 9,581 20,903 14,001 (6,343) (4,420) 14,560 9,581 49.7952.0%
(1) 52 54 (2) 78 77 1) 365 2) 365 15,791 10,690 2,622 2,102 1,276 1,182 384 426 990 1,065 24 21,063 15,465 30 90 17.7531.4% 24,107 16,885 1,333 914. 210 275 206 184 25,856 18,258
3090 4560 2,010 2,315 1,354 784 3,364 3,099 25 22,098 17,470 2,350 1,100 3,617 3,044 28,065 21,614 2,624 836 30,689 22,450 19,050 12,047 7,264 6,375 620 1,557 1,494 915 2,261 1,548 8 30,689 22,450 /71.1%13.2
a 134 67 b 283 473 417 540 (a) (b) 172.78 205.87 26 2%
56 31 48 26 27 45 56 61
52 50 EVI 48 52 40 28 43 51
54 37 44 20 40 50 29 46 26 53 20
15.56( ) ( ) 4.96 0.005 7,400 H 30 20% H
10,800,000,00010,800,000,000 1.00 H 4,025,000,000 HH 14,825,000,000 14,825,000,0001.00 * 10,397,500,000 70.1% H * 4,427,500,000 29.9% 14,825,000,000 100% * 402,500,000H 21 31 4.604,025,000,000 H 178.78
56 48 45 56 61 52 50 43 51 54 44 40 50 32 46 53 48 52 40
3.13 336 % % 10,397,500,000 100 70.1 352,491,000 H 7.96 2.38 Baring Asset Management Limited 225,573,000 H 5.09 1.52 1 33 1 Baring Asset Management Limited Baring Asset Management Limited Baring International Investment Management Holdings Limited Baring International Investment Management Limited Baring Asset Management UK Holdings Limited Baring Asset Management Asia Holdings Limited Baring Asset Management Asia Limited 336 XV 2 3 XVXV7 8 352
41 4,025,000,000 H178.78 34
114,881 83,265 65,912 48,482 (103,066) (75,110) (59,578) (43,617) 11,815 8,155 6,334 4,865 76 205 33 37 (413) (463) (363) (270) (5,341) (4,117) (3,459) (2,878) 1,338 1,001 785 706 (987) (972) (749) (715) 6,488 3,809 2,581 1,745 347 117 100 97 (1,337) (433) (933) (972) (93) (47) 5 5 109 117 101 113 35 5,514 3,563 1,854 988 (1,228) (592) (457) (361) 4,286 2,971 1,397 627 3,199 2,195 1,071 435 1,087 776 326 192 4,286 2,971 1,397 627 0.29 0.20 0.29 0.20 74
19,520 15,616 13,299 11,329 999 1,115 996 835 193 212 226 227 2,278 948 257 15 661 205 138 144 1,412 1,400 1,334 1,271 7,340 3,045 2,645 2,941 2 2 20 20 3,033 1,663 1,862 1,950 2,472 996 782 532 37,910 25,202 21,559 19,264 4,037 3,805 3,203 2,716 32,826 24,984 19,867 16,181 20,903 14,001 9,540 6,751 3 72 15 118 125 244 465 80 102 54 30,793 10,797 9,993 6,812 36 89,042 53,857 42,830 32,758 126,952 79,059 64,389 52,022
31,825 8,942 6,542 5,272 4,902 3,505 2,707 1,619 36,727 12,447 9,249 6,891 8,591 4,980 4,859 4,431 155 93 55 7 2,151 671 533 581 3,362 3,646 3,867 4,062 14,259 9,390 9,314 9,081 37 45,416 33,361 25,826 20,334 6,343 4,420 4,060 2,711 960 699 694 520 22,098 17,470 14,667 11,980 19 13 86 19 217 221 195 202 115 299 298 284 798 739 75,966 57,222 45,826 36,050 90,225 66,612 55,140 45,131 126,952 79,059 64,389 52,022 / 13,076 (3,365) (2,996) (3,292) 50,986 21,837 18,563 15,972 24 6 22 1,800
46(a) 46(b) 46(c) 21 22 26 30% 38 30% 2006 14A.33 SJM Investment Limited SJM Investment Limited 49%
23% 260 1,000 39 57 90 1. 2. (i) (ii) 3. 1. 2. 3. 4.
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. 3. 4. 5. 6. H 42
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48
6 19,520 15,616 61 7 999 1,115 8 193 212 9 2,278 948 3 10 37,270 11 661 205 225 12 1,412 1,400 13 7,340 3,045 3,937 2 2 25 3,033 1,663 117 14 2,472 996 337 37,910 25,202 41,950 49 15 4,037 3,805 72 14 32,826 24,984 1,440 10 2,603 10 1,408 16 20,903 14,001 588 17 3 72 15 118 18 465 80 19 30,793 10,797 20,477 89,042 53,857 26,588 126,952 79,059 68,538 54 117
21 14,825 10,800 14,825 22(a) 16,926 (1,858) 36,751 40(d) 74 74 31,825 8,942 51,650 4,902 3,505 36,727 12,447 51,650 24 8,591 4,980 2,098 155 93 25 2,151 671 1,346 26 3,362 3,646 54 14,259 9,390 3,498 23 45,416 33,361 3,326 10 2,529 16 6,343 4,420 180 960 699 3 24 22,098 17,470 7,308 17 19 13 26 217 221 4 27 115 299 40 28 798 739 50 75,966 57,222 13,390 90,225 66,612 16,888 126,952 79,059 68,538 / 13,076 (3,365) 13,198 50,986 21,837 55,148 54 117
5 114,881 83,265 32 (103,066) (75,110) 11,815 8,155 29 76 205 32 (413) (463) 32 (5,341) (4,117) 30 1,338 1,001 31 (987) (972) 6,488 3,809 34 347 117 35 (1,337) (433) (93) (47) 109 117 5,514 3,563 36 (1,228) (592) 4,286 2,971 51 38 3,199 2,195 1,087 776 4,286 2,971 39 0.29 0.20 39 0.29 0.20 40 74 N/A 54 117
22 10,800 (5,278 ) 1,020 6,542 2,707 9,249 2,195 2,195 776 2,971 (18 ) (18 ) (18 ) 223 223 223 (116 ) (116 ) 138 138 10,800 (3,101 ) 1,243 8,942 3,505 12,447 10,800 (3,101 ) 1,243 8,942 3,505 12,447 3,199 3,199 1,087 4,286 (9 ) (9 ) (8 ) (17 ) 2,923 2,923 2,923 4,025 14,601 18,626 18,626 (748 ) (748 ) (748 ) 22 (496 ) (496 ) 496 (267 ) (267 ) 95 95 73 (73 ) 1,465 1,465 1,465 22 220 220 220 40 (245 ) (2,052 ) (2,297 ) (6 ) (2,303 ) 52 14,825 13,853 (2,157 ) 73 4,166 (9 ) 1,074 31,825 4,902 36,727 14,825 13,853 (2,157 ) 73 4,166 (9 ) 1,000 31,751 4,902 36,653 74 74 74 14,825 13,853 (2,157 ) 73 4,166 (9 ) 1,074 31,825 4,902 36,727 54 117
42 5,560 4,122 (1,257) (850) (808) (358) 3,495 2,914 53 (7,067) (4,396) (60) (171) (1,342) (701) (2) 42 375 283 22 18 2 4 42 (95) (261) (112) (19) (62) (55) (73) (17) 14 29 28 4 (300) 18 153 5 8 336 111 248 101 (8,032) (4,942) 21 17,878 29,043 18,650 (20,552) (15,804) 95 138 40 (1,556) 42 (35) (267) (100) 24,606 2,884 20,069 856 19 10,797 9,993 (73) (52) 19 30,793 10,797 54 117
1. H (i) (ii) (iii) (iv) (v) 10,800,000,0001 H21 2. 54 2.1 1 /
2. 2.2 4 (a) 1919 4 21 55 (b) 39 4 39 39 1 6 6-5 -6
56 2. 2.2 (c) 12 2006 2.9 (d) 71 71 1 71-8 2-8 2-8 9 9 9 10 10 10 (e) 7 29 7 29 7
2. 2.3 (a) 57 (b) (c) 2.1
2. 2.3 (d) 2.4 20% 50% 58 2.5 (a) (b)
2. 2.5 (c) (i) (ii) (iii) 2.6 59 20-30 5-10 10-14 5 5
2. 2.6 2.10 2.7 30 2.8 2.9 (a) 60 (b) (c) IFRIC12 IFRIC12)
2. 2.10 2.11 (a) (b) 61 12 2.14 (c) 12 (d) 12
2. 2.11 (d) 2.14 62 2.12 2.13
2. 2.14 2.15 2.16 2.17 2.18 63 12 2.19
2. 2.20 (a) (b) (c) (d) 64
2. 2.20 (e) 12 2.21 2.22 65 2.23 (a)(b) (c)
2. 2.23 2.24 (a) (b) (c) (d) (a) (b) (c) 66
2. 2.24 (e) (f) 2.25 (a) (b) 67 2.26 36 2.27
3. 3.1 (a) (i) 19 24 (ii) 205.87172.78 24 68 (iii) (iv)
3. 3.1 (b) 10% (c) 3.2 69 24
4. 4.1 (a) (b) (c) (d) 70
4. 4.1 (e) (f) 26 4.2 (a) 39 (b) 71 5. 5.1 (1) (2) (3) (4) (5)
5. 5.1 6 78 9 76,220 5,502 10,450 19,028 5,111 (1,430 ) 114,881 (497 ) (184 ) (177 ) (561 ) (11 ) 1,430 75,723 5,318 10,273 18,467 5,100 114,881 1,932 863 1,317 2,339 139 6,590 (102 ) 72 6,488 347 (1,337 ) (93 ) 109 5,514 (1,228 ) 4,286 1,175 99 392 456 44 2,166 21 5 8 4 1 39 17 11 1 29 / 698 (3 ) 25 720 / (14 ) 8 (33 ) 54 9 24
5. 5.1 54,723 4,441 6,823 13,947 4,409 (1,078 ) 83,265 (276 ) (1 ) (67 ) (717 ) (17 ) 1,078 54,447 4,440 6,756 13,230 4,392 83,265 941 716 540 1,577 124 3,898 (89 ) 3,809 117 (433 ) (47 ) 117 3,563 (592 ) 2,971 73 1,082 85 370 317 39 1,893 28 8 1 3 4 44 / (5 ) (1 ) 2 (4 ) / 325 (30 ) 295 / 80 19 (54 ) 27 (3 ) 69 58,914 5,392 11,113 21,766 1,561 (944 ) 97,802 661 1,412 27,077 126,952 53,998 3,369 8,273 16,234 1,264 (944 ) 82,194 8,031 90,225 3,591 271 1,293 3,241 100 8,496
5. 5.1 40,770 3,852 8,914 15,944 3,293 (629) 72,144 205 1,400 5,310 79,059 36,617 2,073 6,449 11,914 2,919 (629) 59,343 7,269 66,612 2,739 186 676 1,606 121 5,328 5.2 (a) 74 92,589 70,572 3,372 2,420 18,920 10,273 114,881 83,265 (b) 90,811 67,236 2,352 1,859 4,639 3,049 97,802 72,144 2,073 1,605 27,077 5,310 126,952 79,059
5. 5.2 (c) 6. 8,122 4,851 19 64 355 413 8,496 5,328 4,879 5,120 11,112 2,083 672 23,866 (1,331) (2,672) (5,281) (1,283) (10,567) 3,548 2,448 5,831 800 672 13,299 75 3,548 2,448 5,831 800 672 13,299 149 670 579 368 2,690 4,456 42 (45) (58) (95) (58) (256) 332 178 1,162 98 (1,770) 32 (260) (513) (735) (375) (1,883) 3,724 2,725 6,742 833 1,592 15,616 5,193 5,559 12,471 2,329 1,592 27,144 (1,469) (2,834) (5,729) (1,496) (11,528) 3,724 2,725 6,742 833 1,592 15,616 3,724 2,725 6,742 833 1,592 15,616 203 668 600 471 5,150 7,092 42 (96) (49) (33) (140) (318) (205) (38) (31) (11) (24) (309) 479 393 2,339 10 (3,221) 32 (257) (511) (986) (397) (2,151) c (392) (9) (1) (8) (410) 3,456 3,179 8,631 765 3,489 19,520 4,790 6,160 14,983 2,461 3,489 31,883 (1,334) (2,981) (6,352) (1,696) (12,363) 3,456 3,179 8,631 765 3,489 19,520
6. 10 28 14 14 66 (1) (2) (1) (1) (5) 9 26 13 13 61 11 29 31 28 99 (2) (3) (18) (15) (38) 9 26 13 13 61 (a) (b) (c) (d) 1,737,000,000 1,491,000,000 382,000,000 371,000,000 32,000,000 21,000,000 126,000,000 218,000,000 24 410,000,000 288,000,000 7. 30 50 76 1,265 1,114 (150) (118) 1,115 996 1,115 996 60 171 (22) (18) (35) 32 (27) (34) (92) 999 1,115 1,165 1,265 (166) (150) 999 1,115
7. (a) (b) (c) 16,000,000 25,000,000 11,000,000 9,000,000 92,000,000 12,000,000 8. 265 269 (53) (43) 212 226 77 212 226 2 (2) (4) 32 (15) (10) (4) 193 212 260 265 (67) (53) 193 212 671 674 (a) (b) (c) 15,000,000 10,000,000 4,000,000
9. 9 33 232 3 277 (6) (11) (3) (20) 3 22 232 257 3 22 232 257 10 691 701 32 (10) (10) 3 22 923 948 9 43 923 3 978 (6) (21) (3) (30) 3 22 923 948 3 22 923 948 16 1,326 1,342 32 (1) (11) (12) 78 2 27 2,249 2,278 9 59 2,249 3 2,320 (7) (32) (3) (42) 2 27 2,249 2,278
9. 1 3 (1) 3 15 (12) 3 (a) (b) 3,000,000 1,000,0009,000,000 9,000,000 10. 79 6,510 30,760 37,270 a 2,603 b 1,408 b 2,529 (a) (b) (c) 14.080% 5.508% 1 0.12% 0.996% 2006 12 3146(a)
11. 703 249 267 (42) (44) (42) 661 205 225 (a) 205 138 61 563 112 163 (7) (93) (47) (9) 2 2 1 661 205 225 (b) 80 446 236 221 874 374 199 1,320 610 420 (63) (52) (140) (554) (309) (4) (617) (361) (144) 703 249 276 641 415 106 (726) (458) (92) (85) (43) 14 (8) (4) (2) (93) (47) 12 (c) 46(b)
12. 1,420 1,410 (8) (10) 1,412 1,400 (a) 1,400 1,334 19 62 (14) (29) 109 117 (62) (80) 2 (4) (42) 81 (b) 1,412 1,400 2,400 1,808 (980) (398) 1,420 1,410 1,142 676 109 117 (c) 46(c)
13. 3,045 2,645 2,979 4,327 331 922 55 73 38 (87) (4) (2) 7,340 3,045 3,937 6,543 2,359 3,550 147 62 135 650 624 252 7,340 3,045 3,937 14. 82 21,063 15,465 1,041 (1,775) (1,810) (496) 19,288 13,655 545 6,417 5,211 679 3,364 3,099 37 3,624 2,976 157 998 442 56 489 385 3 818 212 300 300 35,298 25,980 1,777 (1,354) (784) (37) (818) (212) (300) (300) 32,826 24,984 1,440 45
14. (a) 15,791 10,690 429 2,622 2,102 107 1,276 1,182 8 384 426 1 990 1,065 496 21,063 15,465 1,041 45 30 90 (b) 83 6.30% 5.76% (c) (d) (e) 9.62% 1 2 15. 3,737 3,270 37 210 306 35 159 269 4,106 3,845 72 (69) (40) 4,037 3,805 72
16. 171,683 145,684 3,574 (157,123) (136,103) (3,166) 14,560 9,581 408 20,903 14,001 588 (6,343) (4,420) (180) 14,560 9,581 408 102,525 73,363 2,972 17. 84 (19) (13) 3 72 3 (19) 72 (13) (a) 4,895,000,000 5,563,000,000 (b) 5 4 937,000,000 968,000,000
18. 445 76 15 4 5 465 80 19. 85 116 330 1 20 332 358 41 30,345 10,109 20,435 30,793 10,797 20,477 10,700 8,716 2,643 1,580 1,435 194 17,734 94 17,624 11 57 3 103 150 665 345 13 30,793 10,797 20,477 (a) (b) 2.1%1.9%
20. 330 350 41 1 8 1 332 358 41 31 2.2% 2.1% 21. 1 10,397,500 10,397,500 1H 4,427,500 4,427,500 14,825,000 14,825,000 86 H a 10,800,000 10,800,000 Hb (402,500) 402,500 b 4,025,000 4,025,000 10,397,500 4,427,500 14,825,000 (a) 10,800,000,000 110,800,000,000 1 H
21. (b) H4,025,000,000 14.64.63 4,025,000,00017,878,000,00017,772,000,000 4,025,000,00013,853,000,000 402,500,000 10%H (c) 21(a) 2.1 22. (5,278 ) 1,020 (4,258 ) 87 2,195 2,195 (18 ) (18 ) 223 223 (3,101 ) 1,243 (1,858 ) (3,101 ) 1,243 (1,858 ) 3,199 3,199 (9 ) (9 ) 2,923 2,923 14,601 14,601 (748 ) (748 ) b (496 ) (496 ) c 73 (73 ) 1,465 1,465 d 220 220 40 (245 ) (2,052 ) (2,297 ) 13,853 (2,157 ) 73 4,166 (9 ) 1,074 17,000
22. 20,952 1,629 22,581 34 34 633 633 14,601 14,601 (748 ) (748 ) c 73 (73 ) d 220 220 e (496 ) (496 ) 13,853 21,172 73 2,262 (535 ) 36,825 (a) (b) (c) 2.1 1.0010,800,000,000 10% 50% 25% 10%73,000,000 88
22. (d) 220,000,000 220,000,000 (e) 164,000,000 40(a)40(b) 22(c) 23. 89 25,856 18,258 692 11,856 9,025 1,495 2,391 1,899 5 631 563 12 798 487 17 1,418 890 17 603 547 22 1,367 1,692 570 40(b) 496 496 45,416 33,361 3,326 45 24,107 16,885 656 1,333 914 22 210 275 12 206 184 2 25,856 18,258 692
24. (a) 3,184 3,187 (b) 5,306 1,727 2,098 8,490 4,914 2,098 (a) 70 19 31 47 101 66 8,591 4,980 2,098 (a) 508 1,229 39 (b) 2,230 1,548 731 2,738 2,777 770 (a) 5,429 7,739 430 10,517 4,649 5,030 90 15,946 12,388 5,460 (a) 2 (c) 1,098 1,119 1,078 (d) 2,314 1,186 3,414 2,305 1,078 22,098 17,470 7,308 30,689 22,450 9,406 (a) (b) 1,392,000,000 21,409,000,000 1,459,000,00021,226,000,000 2.53.5 2019 3
24. (c) (d) (e) 1,078,000,000 1,046,000,000 4.16% 6.23% 1,200,000,0002,380,000,000 34,000,00084,000,000 8,023 7,198 188 21,274 13,793 7,826 1,392 1,459 1,392 30,689 22,450 9,406 91 (f) 22,098 17,470 7,308 2,350 1,100 814 3,617 3,044 653 28,065 21,614 8,775 2,624 836 631 30,689 22,450 9,406
24. (g) 19,050 12,047 6,091 7,264 6,375 1,383 620 1,557 1,494 915 1,392 2,261 1,548 540 8 30,689 22,450 9,406 (h) 5.01% 5.00% 5.24% 5.57% 5.35% 5.22% 5.53% 3.23% 2.45% 3.09% 2.51% 4.44% 5.48% 5.22% 1.33% 92 3.66% 4.79% 3.36% 8.89% (i) 8,591 4,980 2,098 8,194 4,513 2,033
24. (j) 15 3 5 30 19,373 8,340 14,951 17,255 104 11,333 36,648 8,477 26,284 25. (a) 93 12 2,841 1,362 117 12 192 301 3,033 1,663 117 12 (2,151) (655) (1,346) 12 (16) (2,151) (671) (1,346) 882 992 (1,229)
25. (a) 992 1,329 (883) 36 (159) (229) (34) 61 (108) (312) (12) 882 992 (1,229) (b) 94 (495) (31) (47) (573) (75) (17) (92) (108) (108) (603) (106) (64) (773) 19 (112) (32) (125) (1,404) (1) (1,405) (1,988) (218) (97) (2,303) (802) (186) (988) (30) (16) (46) (312) (312) (1,114) (216) (16) (1,346)
25. (b) 353 52 92 1,251 27 127 1,902 (9 ) (20 ) (36 ) (59 ) (9 ) (4 ) (137 ) 344 32 56 1,192 18 123 1,765 (54 ) (131 ) 176 (101 ) (3 ) 79 (34 ) (i) 1,388 78 1,466 (12 ) (12 ) 278 1,289 232 1,091 15 280 3,185 95 40 2 46 17 105 (9) (6) 27 12 31 2 40 44 117 (i) 2005 12 31 79.60 2006 10 2006 52.1514.65 2006
25. (c) 690,000,000 1,186,000,000 (i) (ii) 100% 50.3% 22 43.3% 22 64.1% (d) 38,000,000 ( 63,000,000 ) 114,000,000 ( 190,000,000 ) 2007 23 2008 34 32 2009 14 70 2010 24 29 2011 42 36 96 114 190 26. 3,576 3,808 57 3 59 1 3,579 3,867 58 (217) (221) (4) 3,362 3,646 54
26. / 3,867 4,062 75 / (351) (344) (5) 33 127 159 (12) 33 (10) (64) 3,579 3,867 58 (a) 3.25% 3.50% 97 (b) (c) (d) (e) 4.5% 4% 8% 27. 220 70 9 299 40 10 50 22 (220) (2) (12) (234) 40 68 7 115 220 220 40 40 22 (220) (220) 40 40
28. 20102005 20057.62 20057.392005 12 31 20061.52 2006 12 317.98 29. 115 79 17 : (19) (13) 3 72 (16) 59 /37 (118) 67 42 95 98 76 205 30. 195 161 402 396 132 41 45 11 46 22 518 370 1,338 1,001
31. 58 52 130 118 356 363 59 384 439 987 972 32. 99 44,332 31,917 28,672 19,165 33 8,532 7,236 4,980 4,101 3,574 3,442 3,401 2,761 2,666 2,042 2,386 2,199 6 8 2,166 1,893 1,611 1,020 1,436 906 858 652 720 295 179 57 136 89 48 12 (105) 60 7 27 34 / 29 (4) 24 69 20 19 9 12 10 3,116 1,715 108,820 79,690
33. 5,590 5,059 a 669 505 b 127 159 (10) c 349 287 1,797 1,236 8,532 7,236 (a) 17.0% 27.5% (b) (c) 5% 30% 100 34. : 160 101 135 295 101 52 16 347 117
35. : 1,171 862 106 72 32 20 1,309 954 37 (155) (591) 183 70 1,337 433 36. (a) 17.5%17.5% 101 33%7.5% 16.5% 5 1,013 353 51 10 1,069 363 25 159 229 1,228 592
36. (a) 5,514 3,563 33% 1,820 1,176 (294) (43) 116 82 22 29 6 (i) (290) (436) (368) 1,228 592 (i) 2.9 (b) (c) 3% 5% 7% 3% 17% 6%7% 3% 102 37. : 35 (155) (591) 29 118 (67) 38. 34,000,000. (37) (658)
39. (a) 10,800,000,000 3,199 2,195 10,967,708 10,800,000 0.29 0.20 (b) 40. 103 a 1,556 b 496 c 245 2,297 (a) (b) (c) (d) 15.56 4.96 42(c)6(d)8(c) 2.45 0.005 74 0.005
41. (a) 1,529 1,069 87 83 2,198 1,703 3,814 2,855 247 16 464 727 240 16 464 720 204 16 394 614 50 50 50 50 50 50 50 50 104 209 7 394 610 209 16 394 619 220 16 88 324 1,529 87 2,198 3,814 236 16 411 663 216 16 411 643 199 16 359 574 51 3 90 144 203 16 359 578 164 16 73 253 1,069 83 1,703 2,855
41. (a) $1,000,000 1,004,670 10 6 (b) 41(a) 4,072 3,728 151 31 1,250 1,241 105 5,473 5,000 1,000,000 1,004,670 3 1 1,000,0011,500,000 1,004,6711,507,005 2 3 1,500,0012,000,000 1,507,0062,009,340 1 5 5
42. (a) : 4,286 2,971 : 36 1,228 592 6,8 2,166 1,893 7,9 39 44 (57) (27) /29 16 (59) / (33) 2 (95) (1) 59 / (4) 2 / 29 (4) 24 69 720 295 (177) (52) (347) (117) 35 1,337 954 11 93 47 12 (109) (117) 35 (155) (591) 106 9,019 5,902 (348) (598) (9,466) (4,733) (5,699) (4,396) (385) 22 (224) (195) 12,447 7,428 59 (86) 36 1 62 38 59 739 5,560 4,122
42. (a) : : 6 318 256 29 115 79 31 (58) (52) 375 283 (b) 100% 374,000,00045% 100%55% 107 : 344 39 361 7 95 (600) 246 341 95 : (95) (95)
42. (c) 506 147 80 12 35 (91) (368) (6) (64) (6) 245 (35) 108 (35) 43. a 134 67 b 283 473 5,304 417 540 5,304 (a) (b) (c) 27 45 27
44. (a) : 15,043 627 15,018 3,692 5,505 (b) 109 : 15 (c) 260 82 22 243 66 16 761 90 1,264 238 38
44. (d) 61 65 81 82 33 52 175 199 (e) 45. 10 24 110 1 (a) 10 30 10
45. (a) 2 1 6 26 85 : 317 113 32 4 41 54 4 149 293 111 36,150 31,218 1,485 2,201 8,570 6,624. 7,140 5,179 56 50 170 200 985 612 12 43 5,681 5,949 719 465 768 713 122 79 134 128 295 121 59
45. (b) 2,995 2,638 195 215 4,959 4,536 8,149 7,389 (c) 19 10 118 53 15 14,866 10,424 416 14,938 10,449 534 304 3,927 1,424 285 112 3,927 1,424 589 6 38 18 153 121 5 3 745 266 38 941 408 44 19,806 12,281 1,167
45. (c) 408 7 8 257 76 10 2,973 640 196 3,247 724 604 26 6,853 7,094 1,315 6,853 7,094 1,341 113 55 55 75 3 10 114 77 67 53 980 1,398 249 1,219 1,538 379 11,319 9,356 2,324 8 8,175 7,339 289 8,183 7,339 289 18 6 2,629 2,038 119 2,647 2,044 119
45. (c) 3 286 80 27,985 9,363 20,135 20,485 13,143 7,708 46. (a) : / - 3,082 24.55% 18.71% 408 63.72% 0.34% - 850 50% 50% 1,876 100% 902 100% 1,970 100% 114 1,128 100% 1,219 100% 2,142 100% 1,280 100% 205 100%
46. (a) / 10 55% 138 100% 238 100% 90 100% 273 100% 222 100% 800 95% 5% 115 631 100% 507 100% 143 79% 63 100% 80 95% 5% 257 100% 343 100% 465 100% 192 100% 30 61% 27%
46. (a) / 71 100% 157 60% 40% 50 90% 10% 685 89.78% 10 100% 30 100% 50 90% 10% 60 75% Azingo Limited * 100% 116 *1,000 (b) : / 44 27% 28%. 100 50% 151 40% 60 50% 67 45%
46. (c) : / - 1,000 48% 10 25% 58 49% 81 25% 6.32 33% 47. 117 (a) (b) 33%(15% 24%25% 2AA 48.
BT BOT CAGR 70.1% DWT DB EBITDA EPC H 1.00 118 GDP PDL
RMG RTG ( 2020 8 68 43.3% 119
120 88 370-37419 www.ccccltd.cn FCCA, CPA FCCA, CPA 22 202 11 200021 158 F407 100031 H 18317 1712-1716 88 5 100011 (8610) 64282516 (8610) 62483706 ir@ccccltd.cn