二零一二年年報

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Transcription:

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責, 對其準確性或完整性亦不發表任何聲明, 並明確表示, 概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任 海外監管公告 本公告乃根據 香港聯合交易所有限公司證券上市規則 第 13.10B 條而作出 茲載列中國平安保險 ( 集團 ) 股份有限公司在上海證券交易所網站刊登的根據中國會計準則編制的 中國平安保險 ( 集團 ) 股份有限公司 2012 年年度報告, 僅供參閱 中國, 深圳,2013 年 3 月 14 日 承董事會命姚軍公司秘書 於本公告日期, 本公司的執行董事為馬明哲 孫建一 任匯川 顧敏及姚波 ; 非執行董事為范鳴 春 林麗君 黎哲及郭立民 ; 獨立非執行董事為張鴻義 陳甦 夏立平 湯雲為 李嘉士 胡家 驃及斯蒂芬 邁爾

二零一二年年報

i ii 1 2 4 6 10 11 22 131 132 135 137 138 140 141 142 143 144 281 24 24 30 40 44 48 50 56 58 64 70 283 291 292 72 80 96 115 119 122

釋義及重大風險提示 2010 5 2011 7 2012 7 27 2011 7 2011 7 2012 6 12 Discovery Discovery(Discovery Holdings Limited) Charoen Pokphand Group Company Limited i

2013 3 142012 16 151 2012 0.15 1,187,421,313.80 7,916,142,092 2012 0.30 2,374,842,627.60 2013 2012 2012 ii

1 8,000 200.503.0% 2.8 900 18,000 (2) 0.302012 (1) 2012 2011 2010 2012 2011 2010 248,915 189,439 299,372 19,475 17,311 20,050 (1) 2012 2011 2010 2012 2011 2010 2012 2011 2010 2012 2011 2010 2.50 2.30 2.53 0.40 0.55 0.45 (2) 2,285,424 1,171,627 2,844,266 130,867 112,030 159,617

8,000 190,284 512,937 2

25 900 000001 2012 6 2012 7 18,000 14 IPO IPO 44 2011 159% ETF 12 298,572 11 270,964 10 226,955 12 720,780 11 10 130,798 (1) 620,642 12 11 10 136,955 212,025 196,217 (1) 2010 30-39 40-43 44-47 3

2012 12 31 2011 12 31 (%) 2010 12 31 2,844,266 2,285,424 24.5 1,171,627 2,634,617 2,114,082 24.6 1,054,744 209,649 171,342 22.4 116,883 159,617 130,867 22.0 112,030 7,916 7,916 7,644 2012 2011 (%) 2010 299,372 248,915 20.3 189,439 32,375 29,913 8.2 22,317 32,338 30,026 7.7 22,347 26,750 22,582 18.5 17,938 20,050 19,475 3.0 17,311 20,098 19,435 3.4 17,314 280,897 75,348 272.8 139,255 2012 12 31 2011 12 31 (%) 2010 12 31 20.16 16.53 22.0 14.66 (%) 94.4 94.3 0.1 90.4 2012 2011 (%) 2010 2.53 2.50 1.2 2.30 2.53 2.50 1.2 2.30 2.53 2.46 2.8 2.26 2.54 2.50 1.6 2.30 (%) 13.8 16.0 (%) 13.8 16.0 2.2 17.3 2.2 17.3 35.48 9.52 272.8 18.22 2012 2011 2010 (25) 75 22 89 145 61 (49) (24) (39) (52) (83) (14) (22) (41) (20) 11 (32) (13) (48) 40 (3) 2008 43 1 4

2012 2011 2010 285,874 235,627 200,986 1,074,188 867,301 762,953 (%) 4.7 4.5 4.2 (%) 2.9 4.0 4.9 (%) 185.6 166.7 197.9 134,028 123,197 95,586 (%) 8.8 28.9 33.0 (%) 4.7 4.5 4.3 (%) 2.8 4.1 5.0 32,540 25,088 17,177 (%) (1) 0.9 0.9 0.9 177,460 144,400 121,086 (%) 190.6 156.1 180.2 79,116 63,465 45,538 (%) 24.7 39.4 59.7 (%) 4.8 4.6 4.0 (%) 3.3 3.9 4.2 48,388 40,075 28,854 29,802 24,355 16,904 47,972 33,142 22,452 (%) (2) 95.3 93.5 93.2 (%) (3) 59.4 57.8 55.4 (%) 178.4 166.1 179.6 (4) 33,243 18,371 5,438 13,232 7,977 2,882 (%) 2.19 2.33 2.18 (%) 2.37 2.51 2.30 (%) 40.61 44.17 52.87 1,021,108 850,845 182,118 720,780 620,642 130,798 (%) 11.37 11.51 10.96 (%) 8.59 8.46 9.26 (%) 0.95 0.53 0.41 (%) 182.32 320.66 211.07 2,711 3,056 3,846 845 963 1,594 3,029 2,398 2,153 1,524 1,063 1,039 (1) = (2) = (3) = (4) 2012 2011 2010 5

6 1,994.83 6.5% 1,760.68 10.0% 2011 0.5 12.9% EMIT 2012 987.86 18.5%2011 0.5 17.9% Vitality IT 2012 7 27 2012 68.70 1.61 25 70 2012 2012 2012 12 3128,442.66 24.5% 1,596.17 22.0% 200.503.0% 13 GDP 30 1. MIT 2012 2. 99.78% 3. 2012 1 2 3

4 55 11.37% 8.59% 2,120.2520118.1% 18,000 2012 14 IPO IPO 44 2012 2012 55.0% 53.6% 15.9% 2012 11.84 8.04 99.78% 93.48% 2012 500 (Fortune Global 500)242 2000 (Forbes Global 2000)100 500 (Financial Times Global 500)131 100 (Millward Brown BrandZ100)78 21 5 4. 5. 7

8 2012 100 20121,000 MIT MIT 890.6 100 17 2,000 8,134 453.3 4,820 2012 2012 H 2012 2012 2012 11 191 3 25 6. 201214 IPO 44 159% 7. 2012 8. 100 2000 8 7 6

25 2013 3 14 9

10

12-21 3.0 2.5 2.0 1.5 1.0 0.5 0.0 2008 2009 2010 2011 2012 40 35 30 25 20 15 10 5 0 2008 2009 2010 2011 2012 (%) 150 100 50 0-50 08-12 09-6 09-12 10-6 10-12 11-6 11-12 12-6 12-12 11

2012 900 18.5% 68.70 33.4% 27.56 52.9% 14 IPO 44 2011 159% 12

13

1988 2012 IPAD APP E E E 25 14

15

16

25 17

18

2012 19

(MIT) MIT 2012MIT 95% 20

21

2012 (Fortune) 500242 (Financial Times) 500131 (Forbes) 2000100 (Euromoney) (World Finance) (FinanceAsia) 30 (The Asset) & & & 500 (Institutional Investor) (Corporate Governance Asia) (FinanceAsia) 3 2 (The Asset) 3A H & 22

關於我們 企業社會責任 中國新聞周刊 最具責任感企業 經濟觀察報 &北京大學管理案例中心 美國 財富 雜誌 中文版 中國企業社會責任排行榜 排名第6位 香港 亞洲金融 (FinanceAsia) 亞洲最佳企業社會責任企業排名第3位 最受尊敬企業 中國綠化基金會 生態中國合作獎 中國新聞周刊 中國低碳榜樣 經濟觀察報 中國低碳典范企業 品牌 英國華通明略品牌研究機構(Millward Brown, WPP) BrandZ 100最具價值全球品牌 第78位 BrandZ中國最具價值品牌50強 第6位 上海證券報 最佳保險品牌獎 中國國際公共關係協會 第十屆中國最佳公共關係案例大賽 企業社會責任類 其他 金獎 前程無憂 香港恒生指數有限公司 中國最佳人力資源典范企業 恒生可持續發展企業基準指數 投資者報 恒生A股可持續發展企業基準指數成份股 上市公司年報獎 潤靈環球責任評級 北京師範大學中國企業社會責任 ARC Awards International 研究院&挪威船級社(DNV) ARC國際年報比賽大獎 整體表現銅獎 保險公司類 四度蟬聯企業社會責任報告上市公司第一 別 21世紀經濟報道 最佳企業公民 二零一二年年報 中國平安保險 集團 股份有限公司 23

200.503.0% 2012 200.502011 3.0% 2012 12 31 28,442.662011 24.5% 1,596.17 201122.0% 2012 900 2012 2011 299,372 248,915 (266,997) (219,002) 32,375 29,913 26,750 22,582 20,050 19,475 24

2012 2011 6,457 9,974 4,648 4,979 (1) 13,232 7,977 845 963 (2) 1,568 641 (3) (1,952) 26,750 22,582 2012 2011 (1) 41,578 33,148 (2) (9,522) (961) (1) 2011 752.38% (2) (3) 2011 29.99% (6,450) (2,606) 74 (65) 25,680 29,516 (%) (3) 4.7 4.5 (%) (3) 2.9 4.0 2012 2012 A (1) (2) (3) Modified Dietz 2011 331.4825.4% 2012 415.78 2011 20114.5% 20124.7% 25

201295.222011 9.61 2011 26.06 2012 64.50 2012256.802011 295.1613.0%20114.0% 20122.9% 2011 12 3181.0% 2012 12 3181.4% 11.5% 9.5% 2011 12 31 (%) (%) (1) 241,600 22.5 169,946 19.6 (1) 560,042 52.1 494,549 57.0 37,429 3.5 10,360 1.2 (1) 35,165 3.3 27,372 3.2 (1) 25,099 2.4 25,362 2.9 76,371 7.1 74,508 8.6 8,802 0.8 8,938 1.0 16,385 1.5 7,782 0.9 73,295 6.8 48,484 5.6 1,074,188 100.0 867,301 100.0 17,082 1.6 21,803 2.5 186,745 17.4 208,991 24.1 463,237 43.1 373,072 43.0 381,937 35.6 246,715 28.5 25,187 2.3 16,720 1.9 1,074,188 100.0 867,301 100.0 (1) 26

(%) 2012 12 312011 12 31 81.4 (81.0) 9.5 (11.5) 6.8 (5.6) 1.5 (0.9) 0.8 (1.0) 2012 2.55 2011 4.34 2012 579.12 2012 2011 56.50 21.1% 2012 2011 6,959 8,541 (1,371) (1,097) 5,588 7,444 2011 74.4424.9% 2012 55.88 2012 12 31 2012 2011 12 31 2011 (%) 2,844,266 2,285,424 24.5 2,634,617 2,114,082 24.6 159,617 130,867 22.0 2012 20,050 19,475 3.0 27

2012 12 31 2012 2011 12 31 2011 (%) 383,223 242,009 58.4 711 2,438 (70.8) 65,426 8,447 674.5 190,788 37,312 411.3 18,756 12,089 55.1 8,979 170,727 (94.7) 6,109 4,369 39.8 18,558 14,105 31.6 212,110 152,943 38.7 136,000 31,826 327.3 15,049 9,206 63.5 23,241 16,598 40.0 16,168 1,131 1,329.5 351,579 154,157 128.1 39,268 26,279 49.4 154,977 99,734 55.4 3,615 70,639 (94.9) 11,179 7,320 52.7 6,475 4,689 38.1 17,935 13,256 35.3 38,793 26,633 45.7 60,103 43,219 39.1 34,501 18,882 82.7 105 (320) 255 (434) 8,935 3,989 124.0 80,512 58,230 38.3 10,181 7,424 37.1 28

2012 12 31 2012 2011 12 31 2011 (%) 57,912 43,142 34.2 1,758 1,254 40.2 13,528 9,063 49.3 10,017 4,319 131.9 12,073 (12,264) 2012 1 1 2012 12 31 30,698 283 28,727 818 207 972 306,691 770 (6,585) 295,976 37,452 36,241 374,841 283 770 (6,585) 360,944 42 1,722 732 (220) 952 37,452 36,241 38,184 (178) 38,915 29

900 2012 1,914.73 10.0% 18.5%987.86 2011 0.5 26.5%285.30 95.3% Vitality 2012 2011 (1) 191,473 180,781 7,407 6,076 603 399 199,483 187,256 (2) 128,771 118,967 5,869 4,995 211 132 134,851 124,094 (1) (2) [2009]15 30

2012 2020 2012 2012 35 2,600 2012 12 31 338496.61 10,369.93 2012 2011 53,666 49,784 896 795 54,562 50,579 (%) 13 92.7 94.2 25 90.2 89.5 5,795 7,527 1.0 1.1 512,937 486,911 3,310 3,016 63,929 62,022 2012 2011 128,771 118,967 (%) 12.9 12.4 2012 12.9% 51.3 3,3006.4 2012 2012 2011 10.0% 2012 201238.31 98.2% 31

2012 2012 27.9% 2011 3.6 E MIT 2012 MIT95% 420E P-STAR 2012 12 31 5,300 90 13 92.7% E E 2012 5 2012 38.8% 2004 12 132006 12 27 2012 12 31 33.6 2010 2012 239.26 2011 95.752012 12 31 581.14 2011 12 31 374.00671.07 2011 12 31 539.30 2012 51.1% Vitality Top Service Discovery (1) 17,035 3,239 15,913 3 6,563 1,913 5,256 1,797 5,251 (1) 32

2012 2011 199,483 187,256 (4,197) (3,568) (60,435) (59,594) 134,851 124,094 134,028 123,197 27,502 28,611 14 (296) (24) (241) 5,358 4,311 166,878 155,582 (1) (110,684) (102,983) (12,680) (11,351) (547) (421) (17,710) (15,211) 192 (205) (6,171) (2,295) (763) (172) (13,462) (10,021) (161,825) (142,659) 26 33 1,378 (2,982) 6,457 9,974 (1) 2011 99.74 35.3% 2012 64.57 2012 2011 2012 2011 36,560 37,577 27,446 24,220 705 6,331 22 5,151 2,023 1,925 2,657 2,349 39,288 45,833 30,125 31,720 136,780 114,157 84,470 71,163 176,068 159,990 114,595 102,883 2,347 1,727 2,327 1,710 7,945 15,134 8,012 11,784 2 2 3 3 10,294 16,863 10,342 13,497 3,323 2,079 3,267 2,037 13,617 18,942 13,609 15,534 356 197 3,272 2,825 570 465 6,060 5,199 6,035 5,174 9,688 8,221 6,605 5,639 110 103 42 38 9,798 8,324 6,647 5,677 199,483 187,256 134,851 124,094 2011 1,599.9010.0% 2012 1,760.68 2011 458.3314.3% 2012 392.88 2011 1,141.5719.8% 2012 1,367.80 2012 136.172011 189.42 28.1% 2012 33

2011 83.2417.7% 2012 97.98 2011 51.9916.6% 2012 60.60 2012 2011 (%) 20122011 14.7 (14.5) 7.8 (7.8) 7.2 (7.5) 6.6 (6.7) 6.6 (6.8) 57.1 (56.7) 98,229 92,372 67,866 64,861 12,251 10,506 8,326 7,224 8,173 6,494 2,865 3,682 1,773 2,117 199,483 187,256 (%) 20122011 49.2 (49.3) 34.0 (34.6) 6.1 (5.6) 4.2 (3.9) 4.1 (3.5) 1.5 (2.0) 0.9 (1.1) 2012 2011 29,381 27,083 15,597 14,570 14,335 14,037 13,194 12,619 13,096 12,660 85,603 80,969 199,483 187,256 2012 2011 (1) 36,634 29,272 (2) (8,385) (309) (6,165) (2,289) 74 (65) 22,158 26,609 (%) (3) 4.7 4.5 (%) (3) 2.8 4.1 (1) (2) (3) Modified Dietz 2011 292.72 25.2% 2012 366.34 20114.5% 20124.7% 2011 3.09 2012 83.85 2011 22.89 2012 61.65 2012 221.582011 266.09 16.7% 20114.1% 2012 2.8% 34

2012 2011 5,341 4,407 3,966 3,557 5,333 4,721 17,653 12,598 5,588 4,212 (359) (751) 5,769 5,000 67,393 69,239 110,684 102,983 2011 44.0721.2% 2012 53.41 2011 2011 35.5711.5% 2012 39.66 2011 47.2113.0% 2012 53.33 2011 125.98 40.1% 2012 176.53 2012 2011 113.5111.7% 2012 126.80 2011 152.1116.4% 2012 177.10 2011 100.2134.3% 2012 134.62 2011 60.7536.6% 2012 83.01 2011 2012 12 31 2011 12 31 2,413 2,213 1,684 1,399 473,093 409,269 58,546 52,252 535,736 465,133 2011 42.1232.7% 2012 55.88 2011 50.0015.4% 2012 57.69 2011 692.39 2.7% 2012 673.93 2012 2011 1,960 1,336 718 547 10,002 9,468 12,680 11,351 42,184 39,840 4,097 1,339 132,484 130,520 286,799 227,330 2,236 2,331 67,936 63,773 535,736 465,133 2011 12 31 4,651.3315.2% 5,357.36 35

2012 12 31170 268.381,349.34 (%) 93.2 37.8 93.5 35.7 95.3 35.9 2012 2011 55.4 57.8 59.4 98,786 83,333 (%) (1) 17.9 17.4 (1) 2010 2011 2012 2012 GDP 2011 26.5%285.30 2.3 28.9% 2012 17.9% 2012 95.3% 2012 2011 23,024 18,894 1,646 1,892 24,670 20,786 7,315 7,444 (1) 30,240 26,067 (1) 40 2,000 2012 201294.8% 11,959,133 76,159 40,970 2,772 53,469 148,538 7,974 602 348 11,103 7,943,674 5,074 2,448 (363) 4,303 3,658,716 2,477 999 31 2,295 130,887,230 1,956 546 358 1,317 36

2012 121.39 71.32 49.85 0.22 0.30 2012 2012 2011 (1) (2) 2011 49.796.6% 2012 46.48 2012 2012 2011 76,334 65,292 20,354 16,249 2,401 2,167 99,089 83,708 (%) 20122011 99,089 83,708 79,116 63,465 3,086 3,055 11 (8) (4) (32) 491 329 82,700 66,809 (1) (47,009) (36,706) (2) (8,758) (6,843) (5,571) (4,659) (18,509) (15,029) 4,337 3,861 (270) (278) (365) (402) (76,145) (60,056) 77.0 (78.0) 20.6 (19.4) 2.4 (2.6) 2011 652.92 16.9% 2012 763.34 2011 162.49 25.3% 2012 203.54 201147.3168.5% 2012 79.74 2011 17.9438.9% 2012 24.91 52 7 (1,959) (1,781) 4,648 4,979 2011 21.67 10.8% 2012 24.01 37

2012 2011 15,647 13,575 7,625 6,179 6,628 5,793 6,062 5,292 6,016 5,090 41,978 35,929 99,089 83,708 (%) 20122011 2012 10.252011 2.02 2011 28.54 4.0% 2012 29.68 20113.9% 20123.3% 2012 2011 40,595 31,978 5,464 3,891 950 837 47,009 36,706 15.8 (16.2) 7.7 (7.4) 6.7 (6.9) 6.1 (6.3) 6.1 (6.1) 57.6 (57.1) 2011 319.78 26.9% 2012 405.95 2011 38.91 40.4% 2012 54.64 2012 2011 (1) 4,278 3,333 (2) (1,025) (202) (285) (277) 2,968 2,854 (%) (3) 4.8 4.6 (%) (3) 3.3 3.9 (1) (2) (3) Modified Dietz 2011 8.37 13.5% 2012 9.50 2012 2011 6,183 4,900 2,115 1,571 460 372 8,758 6,843 (%) 8.8 8.2 2011 33.33 28.4% 2012 42.78 20114.6% 2012 4.8% 38

2011 68.43 28.0% 2012 87.58 20118.2% 20128.8% 2012 12 31 2011 12 31 48,388 40,075 29,802 24,355 2012 19.592011 17.8110.0% 2011 150.2923.2% 2012 185.09 201118.0% 2012 18.7% 78,190 64,430 53,629 46,444 22,742 16,428 1,819 1,558 78,190 64,430 2011644.30 21.4% 2012781.90 2011 12 31 2011 12 31 67,678 52,489 23,166 18,174 35,502 33,623 12,983 10,943 (%) 190.6 156.1 178.4 166.1 2012 3090 20112012 39

40 000001 2012 6 2012 7 2012 12 311.61 847.99 51.23 33450 2012 12 31 26.84 52.38% 2012 2012 12 31 1.61 201127.7%10,211.08 201120.0%7,207.80 201116.1% 2012 12 31 2,872.822011 23.1% 558.342011 16.3% 1,100 2012 132.32 65.9% 68.702011 26.4% 34.3%401.55 73.8% 69.12 46.1% 2012 9 6 2012 450 2011 55 2012 2012 4 2012 6 12 2012 7 27 2012 8 2 000001 2013 1 14

2011 7 2012 2011 2012 2011 33,243 18,371 5,722 3,271 (1) 653 1,097 (2) 537 364 40,155 23,103 2012 2011 2,691 1,308 9,703 4,680 44,880 24,709 10,226 5,483 7,352 3,134 74,852 39,314 (27) (21) (15,135) (7,331) (23,120) (11,560) (1,032) (561) (2,295) (1,470) (41,609) (20,943) 33,243 18,371 (%) (1)(3) 2.19 2.33 (%) (2)(3) 2.37 2.51 1,395,034 1,175,294 1,315,968 1,106,105 (3,131) (1,717) 37,024 21,386 (3) (19,817) (11,586) 17,207 9,800 (3,975) (1,823) 13,232 7,977 (1) 2011 (2) (3) (1) (2) (3) 20112011 7 2011 183.71 2012 332.43 2011 2012 132.32 68.702011 33.4% 41

2012 2011 894 621 771 584 2,484 1,206 654 263 452 411 1,195 602 6,450 3,687 (111) (61) (511) (297) (106) (58) (728) (416) 5,722 3,271 2011 32.71 2012 57.22 2012 2011 16,211 9,552 3,412 1,838 194 196 19,817 11,586 (1) 40.61% 44.17% 201144.17% 40.61% 2011 17.17 2012 31.31 2012 2011 (%) (1) 23.10 21.16 (1) 201121.16% 201223.10% 2008 1 15 25% 2012 12 31 2011 12 31 839,949 698,565 181,159 152,280 1,021,108 850,845 (%) 2011 12 31 82.3 (82.1) 17.7 (17.9) (1) + 2011 115.86 2012 198.17 IT 2011 12 31 8,508.45 20.0% 10,211.08 42

2012 12 31 2011 12 31 494,945 430,702 176,110 165,227 49,725 24,713 720,780 620,642 (%) 2012 12 312011 12 31 68.7 (69.4) 24.4 (26.6) 6.9 (4.0) 2012 2012 68.662011 35.71 0.95%20110.42 182.32%2011138.34 2012 12 31 2011 12 31 2011 12 31 6,206.42 16.1% 7,207.80 14.9%4,949.452012 12 3168.7% 2011 12 31 69.4%6.6%1,761.10 2012 12 3124.4% 2011 12 3126.6% 101.2% 497.252012 12 316.9% 2011 12 314.0% 101,866 91,491 76,896 67,244 25,430 24,664 895,593 794,702 > 8% 11.37% 11.51% > 4% 8.59% 8.46% 2012 12 31 2011 12 31 11.37% 8.59% 706,738 612,937 7,176 4,410 5,030 1,744 962 893 874 658 720,780 620,642 6,866 3,295 0.95% 0.53% 12,518 10,566 182.32% 320.66% 43

14 IPO IPO44 2011 159% 18,000 ETF 2006 2008 2009 2012 12 3130 85.53 323.29 20122012 e2012 2012 2012 5 2012 300 7.55% 2011 25% 2012 14 IPO IPO 442011 159% 8 2011105.1% ETF 300ETF 300ETF 2012 2012 2011 1,531 2,645 1,065 437 85 (40) 30 22 (8) 2,711 3,056 (166) (191) (1,432) (1,654) (1) (26) (1,625) (1,845) (5) 15 (236) (263) 845 963 44

2012 8.452011 12.3% 2012 2011 2012 12 3169.88 151.47160.72 616 867 1,108 2,083 10 9 1,734 2,959 2012 7 (99) (162) (104) (152) (203) (314) 1,531 2,645 2012 2011 8.6729.0% 2012 6.16 2011 20.8346.8% 2012 11.082012 14 IPO 2011 34 IPO 7 2012 2011 (1) 905 793 (2) 246 (396) (23) 1,128 397 (1) (2) 2011 3.97 2012 11.28 2012 50% PE FOF 1,200 60.0% PE MIT 18,0002011 38% 2012 15 2012 2012 45

2012 2011 196,217 212,025 2,756 1,802 206 207 136,955 2,962 2,009 (689) (396) (2) (23) (691) (419) 2,271 1,590 2010 12 31 2011 12 31 2012 12 31 2012 2011 2,271 1,590 755 809 2 (3) 1 3 (1) 3,029 2,398 (169) (128) (952) (893) 2 32 (2) (1,121) (989) (66) 8 (318) (354) 1,524 1,063 2011 10.6343.4% 2012 15.24 2011 18.02 52.9% 2012 27.56 2011 3.96 2012 6.89 2011 15.9042.8% 2012 22.71 2012 2011 (1) 650 498 (2) 107 308 757 806 (1) (2) 2011 4.9830.5% 2012 6.502012 2011 3.08 2012 1.07 20112012 2012 46

47 2012 12 315 2011 12 31 2012 12 31 2010 12 31 703,522 811,153 982,363 2012 12 31 9,823.632011 21.1% 2012 256.80 2.9% 2012 IT 2012 12 31 303.54 2012 ETF CSI ETF CSI ETF CSI RAFI50 ETF 2011 1 7 3 63 2012 12 14 2012 4.59 10.19 23.56 53.31 2012 2012 2012

IT 2012 2012 2012 (%) 2011 (%) 14,770 15.0 11,940 14.3 3,412 57.7 2,231 44.2 68,949 17.0 22,546 9.4 (1) 4,093 6.8 2,433 8.7 (1) 4,732 15.9 1,377 42.9 241 53.6 114 42.9 (1) 2011 48

49 2012 2012 12 31 60.3% 62.0% 100% 55.6% 100% 72.0% 2012

2,858.74 159.15 2012 12 31 2005 9 2012 12 31 2013 3 14 50

2012 4 2012 5 15 2012 452012 2009 15 2012 12 31 2011 12 31 11.0% 11.0% 165,386 139,446 56,973 48,219 1999 6 (8,036) (8,549) 1999 6 153,665 126,099 (25,142) (21,369) 285,874 235,627 177,460 144,400 2012 12 31 2011 12 31 11.0% 11.0% 18,312 19,339 (2,397) (2,518) 15,915 16,822 2011 16,860 51

2012 1 11.0% 1999 6 11.0% 2 4.75%0.25%5.5% 3 25%12% 3%18%5.5% 4 (2000-2003)65% 65% (2000-2003) 45% 40% 5 15% 85% 6 7 2% 8 75% 80% 52

20122011 570.51693.55 2012 2011 2012 2011 34,770 42,002-17.2% 14,685 15,417-4.7% 11,995 10,506 14.2% 725 661 9.7% 10,285 16,848-39.0% 505 744-32.1% 57,051 69,355-17.7% 15,915 16,822-5.4% 2,858.74 2012 2011 12 31 144,400 14,958 2012 16,340 201211.0% 10,222 5,594 (7,019) 2012 (1,051) 183,443 27.0% (5,987) 4 2012 12 31 177,460 53

2012 2011 12 31 91,227 12,342 2,080 105,649 (1,469) 10.15 2.68 1.86 7,400 59.87 10.15 2.16 1.82 (3,166) 108,414 2012 12 31 285,874 36.1 2011 50 50 10% 10% 10% 5% 150% 54

10.5% 11.0% 11.5% 11.0% 125,728 120,488 115,531 121,082 10.5% 11.0% 11.5% 11.0% 16,837 15,915 15,057 16,340 120,488 15,915 2011 114,377 16,860 50 135,679 16,961 50 104,566 14,873 10% 122,892 16,287 10% 123,398 16,494 10% 122,010 16,187 5% 116,177 15,378 150% 107,671 14,717 11.0% 11.0% 55

56 2012 2.37 2012 1,596.17201122.0% 2012 H A 2012 5 17 A 260 A 2012 2012 12 31

90 5+5 30 5+5 2012 7,500 13,000 11,000 5,150 2012 12 31 2011 12 31 2012 12 31 2011 12 31 194,628 95,178 8,957 4,334 304 103 42,997 10,866 246,886 110,481 (%) 94.4 94.3 2012 2011 280,897 75,348 (193,840) (32,109) 49,521 (13,339) 2011 753.48 272.8% 2012 2,808.97 2011 2012 2011 321.09 2012 1,938.40 2011 2012 2012 12 31 2011 12 31 226,512 182,492 122,027 109,489 (%) 185.6 166.7 2012 12 31 2011 2012 3090 2012 2012495.21 2011133.39 2012 30 90 57

58

59 2012 2012

10 (3,773) 10 4,875 * +10% 10%) 6,256 +10% 3,157 +5% 1,332 * 10% 10% 50 +5% 1,276 +5% 83 50 113 3,723 60

10 (VaR) (VaR) (99%) 10 (VaR) 6,573 5% 5% 979 1,281 61

62 AA A-1 98.47% A 100.00% 2012 2012 2012 2012 CSOX RCSA KRI (LDC)

2012 IT 185.6% KPI 63

25 1 2 3 1. 2012 2012 2012 2.8 2. 3. 2012 36 500 64

4 5 6 4. 2012 5. 2012 Make Block 10 2012 2012 2012 2013 6. 2012 100 65

2012 2012 558.34 3 7 24 2012 56.69 25 6,000 306 146 VIP 201214 e 2012 9-124 30 66

2013 2012 216.59 55.76 2012 3.6 2013 2012 EAP 80 480118.2 25 67

2007 2012 12 312,000 2012 4,820 2013 100 2012 China Employee Benefits IndexCEBI 100 2.35 1,000 MIT 890.6 2012 10 3,000 2012 88 100 68

2013 2013 201325 25 69

70 2013 A 2012 2013 Vitality 2013 2012 15,487.93 8,908.06 5,330.93 862.76 386.18 7.35 201122.3%

2012 (%) 322,741 32.4 128,771 12.9 97,719 9.8 93,461 9.4 64,030 6.4 61,578 6.2 227,489 22.9 995,789 100.0 2012 (%) 193,018 34.9 98,786 17.9 69,550 12.6 191,634 34.6 2012 2013 2013 552,988 100.0 2012 71

A 2012 1 1 (%) (%) 1 4,786,409,636 60.46 4,786,409,636 60.46 2 3 3,129,732,456 39.54 3,129,732,456 39.54 4 7,916,142,092 100.00 7,916,142,092 100.00 7,916,142,092 100.00 7,916,142,092 100.00 H 2010 5 6 299,088,758 2010 5 7 299,088,758 H 2011 6 17 71.50 272,000,000 2011 6 17 272,000,000 520,414,439 299,088,758 H 2010 542 2010 5 6H 2011 939 2011 6 17(JINJUN LIMITED)272,000,000 HH 7,644,142,092 7,916,142,092A4,786,409,636 60.46% H3,129,732,456 39.54% 72

2012 12 31 2013 3 8 251,615 246,070 262,346 256,838 (%) 7.76 613,929,279 6.08 481,359,551 239,980,000 4.80 380,000,000 4.58 362,192,116-256,694,218 4.03 319,094,187 3.46 273,701,889 2.27 179,675,070 2.22 175,655,734-3,146,370 1.76 139,112,886 33,000,000 1.04 82,142,150 +82,142,150 73

613,929,279 H 481,359,551 A 380,000,000 A 362,192,116 H 319,094,187 A 273,701,889 A 179,675,070 A 175,655,734 A 139,112,886 A 82,142,150 H 63.34% 2012 12 31H 976,121,395 79.16 12.33% 10% 100% 100% 4.58% 7.76% 27.20% 60.46% 74

10% 10% H 976,121,39512.33% 1969 6 171,468.74 8 Canada Square, London, E14 5HQ, United Kingdom 1866 8 14 800134.505 589.687102.3351 19 1,080620 1959 1 19,238,004,3328 Canada Square, London, E14 5HQ, United Kingdom85 7,200 1 H 2012 12 31 XV23336 10% H/A H/A H/A (%) (%) H 1,2 1,232,815,613 39.39 15.57 H 1,3,4,5 976,919,214 31.21 12.34 976,346,245 31.20 12.33 75

H/A H/A H/A (%) (%) H 1,2 394,500,996 12.60 4.98 H 1,2 369,844,684 11.82 4.67 H 1,2 246,563,123 7.88 3.11 H 1,2 221,906,810 7.09 2.80 H 3 362,192,116 11.57 4.58 362,192,116 11.57 4.58 H 5 613,929,279 19.62 7.76 613,929,279 19.62 7.76 JPMorgan Chase & Co. H 27,869,272 0.89 0.35 145,277,412 4.64 1.84 79,013,324 2.53 1.00 6 252,160,008 8.06 3.19 6 16,207,839 0.52 0.20 Blackrock, Inc. H 7 158,595,220 5.07 2.00 7 36,663,448 1.17 0.46 A 481,359,551 10.06 6.08 A 8 273,701,889 5.72 3.46 A 8 273,701,889 5.72 3.46 A 9 319,094,187 6.67 4.03 A 9 319,094,187 6.67 4.03 A 380,000,000 7.94 4.80 76

(1) 394,500,996 H 369,844,684 H246,563,123 H221,906,810 H2012 12 5 2013 2 6 (2) Chia Tai Primrose Investment LimitedChia Tai Primrose Investment Limited Chia Tai Primrose Holdings Limited Chia Tai Primrose Holdings Limited Chia Tai Giant Far LimitedChia Tai Giant Far LimitedChia Tai Worldwide (HK) Investment Company Limited Chia Tai Worldwide (HK) Investment Company Limited Chia Tai Worldwide (BVI) Investment Company LimitedChia Tai Worldwide (BVI) Investment Company LimitedChia Tai Resources Holdings Limited (BVI) Charoen Pokphand Group (BVI) Holdings LimitedChia Tai Resources Holdings Limited (BVI)Charoen Pokphand Group (BVI) Holdings Limited CPG Overseas Company Limited (Hong Kong)CPG Overseas Company Limited (Hong Kong) (3) 362,192,116 H362,192,116 H (4) (3) (i)613,929,279 H613,929,279 H (ii)602,008 H Hang Seng Bank Trustee International Limited (iii)143,011 H172,050 HHSBC Bank plc(iv)52,800 H52,800 HHSBC Private Bank (Suisse) SA 614,727,098 H614,154,129 H (5) HSBC Asia Holdings BVHSBC Asia Holdings BV HSBC Asia Holdings (UK) LimitedHSBC Asia Holdings (UK) LimitedHSBC Holdings BV HSBC Holdings BV HSBC Finance (Netherlands)HSBC Finance (Netherlands) 613,929,279 H613,929,279 H Hang Seng Bank Trustee International Limited 602,008 HHang Seng Bank Trustee International Limited Hang Seng Bank LimitedHang Seng Bank Limited 62.14% (6) JPMorgan Chase & Co.252,160,008 H16,207,839 H (i) JPMorgan Chase Bank, N.A. 90,900,324 HJPMorgan Chase Bank, N.A. JPMorgan Chase & Co. (ii) J.P. Morgan Whitefriars Inc. 16,082,965 H11,194,450 HJ.P. Morgan Whitefriars Inc. J.P. Morgan Overseas Capital CorporationJ.P. Morgan Overseas Capital CorporationJ.P. Morgan International Finance Limited J.P. Morgan International Finance Limited Bank One International Holdings CorporationBank One International Holdings Corporation J.P. Morgan International Inc. JPMorgan Chase Bank, N.A.J.P. Morgan International Inc. JPMorgan Chase Bank, N.A.JPMorgan Chase & Co. (iii) J.P. Morgan Securities plc 11,786,307 H4,042,000 HJ.P. Morgan Securities plc 98.95% J.P. Morgan Chase International Holdings LimitedJ.P. Morgan Chase International Holdings Limited J.P. Morgan Chase (UK) Holdings Limited J.P. Morgan Chase (UK) Holdings Limited J.P. Morgan Capital Holdings LimitedJ.P. Morgan Capital Holdings LimitedJ.P. Morgan International Finance Limited(ii) (iv) J.P. Morgan Investment Management Inc. 31,461,112 HJ.P. Morgan Investment Management Inc. JPMorgan Asset Management Holdings Inc. JPMorgan Asset Management Holdings Inc. JPMorgan Chase & Co. 77

(v) JF Asset Management Limited 47,664,000 HJF Asset Management Limited JPMorgan Asset Management (Asia) Inc. JPMorgan Asset Management (Asia) Inc. JPMorgan Asset Management Holdings Inc.(iv) (vi) JPMorgan Asset Management (UK) Limited 44,490,300 HJPMorgan Asset Management (UK) Limited JPMorgan Asset Management Holdings (UK) LimitedJPMorgan Asset Management International Limited JPMorgan Asset Management International LimitedJPMorgan Asset Management Holdings Inc.(iv) (vii) JPMorgan Asset Management (Taiwan) Limited 3,744,000 HJPMorgan Asset Management (Taiwan) Limited JPMorgan Asset Management (Asia) Inc.(v) (viii) JPMorgan Asset Management (Singapore) Limited 1,011,500 HJPMorgan Asset Management (Singapore) Limited JPMorgan Asset Management (Asia) Inc.(v) (ix) JF International Management Inc. 522,000 HJF International Management Inc. JPMorgan Asset Management (Asia) Inc. (v) (x) China International Fund Management Co Ltd 2,355,000 HChina International Fund Management Co Ltd 49% JPMorgan Asset Management (UK) Limited(vi) (xi) J.P. Morgan Whitefriars (UK) 971,389 HJ.P. Morgan Whitefriars (UK) 99.99% J.P. Morgan Whitefriars Inc.(ii) (xii) JPMorgan Asset Management (Japan) Limited 2,142,500 HJPMorgan Asset Management (Japan) Limited JPMorgan Asset Management (Asia) Inc.(v) JPMorgan Chase & Co. 79,013,324 H8,965,176 H 16,207,839 H 6,061,000 H3,842,000 H 10,593,450 H 1,819,676 H1,445,389 H 1,084,500 H327,000 H 2013 2 18JPMorgan Chase & Co. 294,249,294 H31,868,126 H JPMorgan Chase & Co. 96,274,288 H (7) Blackrock, Inc. 158,595,220 H36,663,448 H (i) BlackRock Investment Management, LLC. 1,107,795 HBlackRock Investment Management, LLC. Trident Merger, LLC Trident Merger, LLC Blackrock, Inc. (ii) BlackRock Fund Advisors 62,202,500 HBlackRock Institutional Trust Company, N.A. 21,937,000 H 338,500 HBlackRock Fund Advisors BlackRock Institutional Trust Company, N.A.BlackRock Delaware Holdings, Inc. BlackRock Delaware Holdings, Inc. BlackRock Holdco 6 LLC BlackRock Holdco 6 LLC BlackRock Holdco 4 LLC BlackRock Holdco 4 LLCBlackRock Financial Management, Inc. BlackRock Financial Management, Inc. 157,487,425 H 36,663,448 HBlackRock Financial Management, Inc. BlackRock Holdco 2 Inc.BlackRock Holdco 2 Inc. Blackrock, Inc. 78

(iii) BlackRock Advisors, LLC. 31,500 HBlackRock Advisors, LLC. BlackRock Capital Holdings, Inc. BlackRock Advisors Holdings Inc. BlackRock Advisors Holdings Inc. BlackRock Financial Management, Inc.(ii) (iv) BlackRock Investments Canada, Inc 67,000 HBlackRock Asset Management Canada Limited 175,500 H BlackRock Investments Canada, Inc BlackRock Asset Management Canada LimitedBlackRock Holdings Canada Limited BlackRock Holdings Canada Limited BlackRock (Institutional) Canada Ltd BR Jersey International LP BR Jersey International LP BlackRock International Holdings Inc. BlackRock International Holdings Inc. BlackRock Advisors Holdings Inc. (iii) (v) BlackRock Japan Co. Ltd. 26,000 HBlackRock Japan Co. Ltd. BlackRock Japan Holdings GK BlackRock Japan Holdings GK BlackRock Trident Holding Company LimitedBlackRock Trident Holding Company LimitedBlackRock Cayco Ltd. BR Jersey International LP(iv) (vi) BlackRock Asset Management Australia Limited 122,000 HBlackRock Asset Management Australia Limited BlackRock Australia Holdco Pty LtdBR Jersey International LP(iv) (vii) BlackRock Asset Management North Asia Limited 37,900,348 H30,514,377 HBlackRock Asset Management North Asia Limited BlackRock HK Holdco LimitedBR Jersey International LP(iv) (viii) (ix) BlackRock Advisors (UK) Limited 15,877,071 H5,779,071 HBlackRock (Netherlands) B.V. 27,500 HBlackRock International Limited 1,435,000 HBlackRock Group LimitedBR Jersey International LP(iv) BlackRock (Luxembourg) S.A. 8,500 HBlackRock (Luxembourg) S.A. BlackRock Luxembourg Holdco S.a.r.l. BlackRock Group Limited(viii) (x) BlackRock Asset Management Ireland Limited 16,143,506 HBlackRock Asset Management Ireland Limited BlackRock Investment Management Ireland Holdings LtdBlackRock Luxembourg Holdco S.a.r.l.(ix) (xi) BlackRock Fund Managers Limited 328,000 HBlackRock Fund Managers Limited BlackRock Investment Management (UK) LimitedBlackRock Group Limited(viii) (xii) BlackRock Asset Management Deutschland AG 251,000 HBlackRock Asset Management Deutschland AG BlackRock Holdings Deutschland GmbHBlackRock Investment Management (UK) Limited(xi) Blackrock, Inc. 212,500 H34,500 H 2013 2 22Blackrock, Inc 186,919,936 H48,807,163 H (8) 100% 273,701,889 A (9) 95% 319,094,187 A XV23 336 79

57 2012.06-2015 60 2012.06-2015 (1) 43 2012.07-2015 (1) 39 2012.07-2015 42 2012.06-2015 (1) 50 2012.06-2015 50 2012.06-2015 43 2012.06-2015 50 2012.06-2015 67 2012.06-2015 甦 55 2012.06-2015 80

75 2012.06-2015 69 2012.06-2015 52 2012.06-2015 50 2012.06-2015 70 2012.07-2015 (Stephen Thomas MELDRUM) (1) 61 2009.06-2012.03 鍾 (1) 61 2009.06-2012.06 (1) 49 2009.06-2012.06 (1) 61 2012.06-2012.12 (1) 53 2012.07-2012.12 (1) 62 2012.06-2013.02 81

65 2012.07-2015 74 2012.07-2015 64 2012.07-2015 50 2012.07-2015 52 2012.07-2015 47 2012.07-2015 43 2012.07-2015 (1) 50 2009.06-2012.07 (1) 59 2011.05-2012.07 (1) 56 2004.01-47 2011.01-57 2007.04-55 2007.01-56 2011.01- (Gregory D. GIBB) 46 2011.12- (2) 50 2007.01-2013.01 (3) 47 2008.10-53 2012.08- 樑 53 2012.02- (4) 51 2007.01-2012.09 (1) 2012 3 8 鍾 2012 6 27 2012 12 7 2013 2 4 2012 7 17 (2) 2013 1 (3) 2008 102012 2 2012 7 (4) 2012 9 82

2001 4 1994 4 1988 3 1994 101995 32008 10 1990 7 2012 7 2011 3 19922010 6 2011 3 2010 62010 12 2007 42011 5 CEO 2009 32010 3 2012 72012 62008 112010 1CEO2000 E2004 22008 3 2008 32009 102009 102012 6 2010 6 2009 62010 42009 6 2012 102010 62001 5 2008 32010 42007 12010 6 2004 22007 1 2004 22012 22002 122007 12001 2002 (FSA) 83

2012 3 2012 4 1993 62009 8 2009 82011 1 2003 5 2000201219972000 2009 6 2012 42012 10 2012 10 2007 12011 7 2003 52006 121998 82003 4 1993 81998 7 1991 71993 7 2010 2 2012 2 20092012 EMBA 2007 3 2012 7 2012 8 Inter-Citic Minerals Inc. 甦 2007 3 2009 5 2012 4 84

2007 6 1963 1999 2000 52005 12 2009 6 2006 122008 12 2000 12006 12 1999 3 2000 1 2009 6 19831985 1989 2000200320092012 2011 7 2008 1 2008 (Stephen Thomas MELDRUM)2012 7 2008 2012 3 2007 12009 1 2003 22007 1 19992003 19951998 19861995Lincoln National (UK) plc.19691986 ILI(UK) Cannon Assurance Cannon Lincoln Lincoln National (UK) 85

2009 62011 3 2008 112010 102008 10 AMP(151) 2003 5 2003 4 2009 6 1969 11988 61998 11 20082012 2012 7 2010 3 1988 2012 7 1992 2012 7 1995 7 86

2004 12010 6 1989 62009 62012 62006 72007 1 2005 82006 720022004 1998200219951997 19941995 2011 120042004 22005 32005 32010 12007 12012 2 2007 4 1991 112004 32007 4 2002 122007 42002 122005 62002 412 2007 11992 122003 22007 1 2002 62006 5 2002 62007 419992002 19961999 19951996 19931995 2011 12006 32008 32010 7 20042004 22006 32006 3 2011 1 2010 6 (Gregory D.GIBB)2011 122011 5 2012 5 2011 CEO Middlebury 2003 92008 5 2007 4 2008 102012 2 2004 62008 52003 9 (FCIS) (FCS) 2012 82009 1 2005 CEO BNP PARIBAS 87

樑 2012 2 2007 32004 6 2009 41992 9 2012 6 2011 1 2009 9 2012 4 1995 5 1. 2012 1 2012 2 82012 2012 3 8 2. 2012 6 272011 鍾 2011 2012 7 17 3. 2012 2 17 2012 6 2720112012 7 17 4. 2012 12 72013 2 4 5. 樑 2012 22012 2 樑 2012 2 16 6. 2009 112012 6 88

7. 2012 7 8. 2012 8 9. 2012 102012 9 21 10. 2013 1 8 1. 2012 72012 8 2012 11Inter-Citic Minerals Inc. 2. 2012 4 2012 12 3. 2012 4 2012 3 2012 2 2012 12 2012 7 4. 甦 2012 4 5. 2012 11 6. 2012 4 27 7. 2012 22012 4 2012 5 8. 2012 42012 102012 10 9. 2012 6 10. 2012 2 11. 2012 12012 9 89

2012 12 31 22012 XV XV XV7 8 352 10 H/A H A(%) (%) A 1,898,280 +1,898,280 0.03966 0.02398 A 100,000 +100,000 0.00209 0.00126 H 12,000 12,000 0.00038 0.00015 A 6,600 6,600 0.00014 0.00008 (1) A 78,829,088 1.64694 0.99580 (2) A 1,700 0.00004 0.00002 (3) H 248,000 248,000 0.00792 0.00313 (3) H 16,000 16,000 0.00051 0.00020 (1) 2012 7 17 A (2) 2012 7 17 A (3) 2012 6 272012 7 17 H/A (%) A 27,214 27,214 0.00053 90

2012 12 31 A A 3,901,689 0-3,901,689 3,428,495 0-3,428,495 604,582 0-604,582 164,503 0-164,503 82,251 0-82,251 816,594 0-816,594 920,067 0-920,067 318,741 0-318,741 1,415,978 0-1,415,978 82,251 0-82,251 1,075,588 0-1,075,588 1,129,348 0-1,129,348 (1) 246,754 0-246,754 樑 185,099 0-185,099 14,371,940 0-14,371,940 (1) 2013 1 8 91

(%) (%) 5.86 0-5.86 3.83 0-3.83 1.41 0-1.41 0.59 0-0.59 0.18 0-0.18 0.12 0-0.12 0.59 0-0.59 0.53 0-0.53 1.17 0-1.17 0.59 0-0.59 0.59 0-0.59 3.81 0-3.81 (1) 0.70 0-0.70 0.59 0-0.59 0.29 0-0.29 樑 0.12 0-0.12 20.97 0-20.97 (1) 2013 1 8 352 92

22 6,769 4,613 甦 625 5 11 221 45 12 0.4 鍾 13 2 567.69 421.18 311.49 211.57 287.86 192.53 401.23 290.74 383.73 276.44 64.53 15.59 25.20 4.80 甦 25.20 4.80 25.20 4.80 25.20 4.80 25.20 4.80 25.20 4.80 (Stephen Thomas MELDRUM) 11.37 2.28 鍾 12.60 2.40 12.60 2.40 93

20.96 4.04 5.04 0.96 2.1 0.4 223.30 126.81 95.50 44.17 33.71 7.71 190.80 112.97 106.53 45.70 251.30 135.49 453.29 332.74 196.13 103.21 213.54 132.04 347.86 247.97 422.11 308.72 (Gregory D. GIBB) 334.71 238.41 212.59 131.80 280.87 210.73 樑 130.46 55.63 202.20 122.22 1. 2. 2012 7 17 3. 2012 3 8 4. 鍾 2012 6 27 5. 2012 12 7 6. 2013 2 4 7. 2012 7 17 8. 2012 7 17 9. 2013 1 10. 2008 102012 2 2012 7 11. 2008 8 12. 樑 2012 2 16 13. 2012 9 14. 94

190,284 52,249 27.46% 99,300 52.19% 13,552 7.12% 25,183 13.23%8,195 4.31% 89,646 47.11% 60,853 31.98% 31,590 16.60% (%) (%) 27.46 52.19 7.12 13.23 4.31 47.11 31.98 16.60 20042012 95

2012 12 31 2011 2012 6 27 20112011 20112011 2011 20112012 2011 2011 2011 2012 2 8 2012 AA <> 2012 9 20 2012 <> 2012 2 92012 6 282012 9 21 (www.sse.com.cn) (www.hkexnews.hk) 96

(5) 1988 3 21 3/3 100% 1995 3 29 3/3 100% (1) 2012 7 17 1/1 100% (1) 2012 7 17 1/1 100% 2009 6 9 3/3 100% 2012 6 27 (1) 2009 6 9 2/2 100% (2) 2012 3 8 1/2 50% 2003 5 16 0/3 0% 2009 6 9 0/3 0% 2010 2 11 0/3 0% 2012 3 8 (2) 2005 6 23 0/1 0% 2012 6 27 (1) 2006 5 25 0/2 0% 2012 12 7 (3) 2006 5 25 0/3 0% 2012 12 7 (1) (3) 2012 7 17 1/1 100% 2013 2 4 (4) 2006 5 25 1/3 33.3% 2007 3 19 1/3 33.3% 甦 2007 3 19 1/3 33.3% 2007 6 7 0/3 0% 2009 6 9 1/3 33.3% 2009 6 9 2/3 66.7% 2011 7 22 1/3 33.3% (1) 2012 7 17 0/1 0% 鍾 2012 6 27 (1) 2009 6 9 1/2 50% (1) 2012 6 272011 鍾 2011 2012 7 17 (2) 2012 12012 2 82012 2012 3 8 (3) 2012 12 7 2012 12 7 (4) 2013 2 4 2013 2 4 (5) 97

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1 2012 7 25 2012 12 31 3 260% 1 20125 5/5 100% 0/5 0% 5/5 100% 0/5 0% 5/5 100% 0/5 0% 5/5 100% 0/5 0% (1) 2/2 100% 0/2 0% (2) 3/3 100% 0/3 0% (1) 2012 7 25 (2) 105

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2012 12 31 1% 5% 3 2012 6 27 20112011 7,916,142,0922011 0.25 1,979,035,523 2012 7 132012 7 27 2012 8 23 2012 7,916,142,092 2012 0.15 1,187,421,313.80 A 2012 9 25H 2012 10 32012 10 22 2012 6 288 24 2011 115

20122012 7 109 20 2012 2012 200.50 73.55 10% 268.19 2012 0.15 1,187,421,313.80 7,916,142,092 2012 0.30 2,374,842,627.60 2013 2012 (1) (%) 2011 (2) 0.40 3,166 19,475 16.3 2010 (2) 0.55 4,204 17,311 24.3 2009 (2) 0.45 3,395 13,883 24.5 (1) (2) 2012 12 31268.1923.75 2013 904.88 20122012 12 31 116

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(4) A A (5) 2012 (6) 20122012 (7) 2013 3 14 121

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(%) 1 2 361 186 10.33 361 65 5 10.64 65 12,068 99,566 13,022 (6,788) 2011 8 17 892,325,997 1,189,767,995 2012 8 15 12 A 2011 12 20 260 A A 2012 2 8 2012A 2012 5 28A 2012 12 18 A 2013 2 5 2013A A 123

2011 8 182011 12 212012 2 92012 5 292012 8 162012 12 192013 2 6 (www.sse.com.cn) 2009 12 18 2009 20102012 15 5%10.1.3 1 14A.11(4) 14A 2012 15 2012 12 31 1.21 2012 3 15 2013 2015 15 14A.100.1% 5% 2012 6 27 201120132015 15 2012 3 15 (3) (1) (2) 1 2013 2 6 2013 2 6 124

(3) (4) (5) (6) (7) (8) (9) (10) 2012 3 15 2014 12 31 10 14A.10 0.1% 5% 14A 2012 12 314 (1) (2) (3) 3000 740 14A38 2009 12 18 2009 20112012390 125

2012 12 7 10.1.310.1.6 2012390 2012 3 1520122014 29.18 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 2012 12 3129.18 4.55 705,385,012 A 705,385,012 A 2012 12 7 10.1.3 10.1.6 A 126

2012 3 168 25 (www.sse.com.cn) 814 6,210 6,210 (%) 3.9 2012 1 50% 2 8142012 12 31 6,210 3.9%50% 3 4 127

2010 2 22 5 389,592,366 A331,117,788 A 30%A 88,112,8865 88,112,886 A30% 379,580,000 2010 9 1736 (1) 36 (2) 2010 9 14 34 90.75%20 (3) 128

(4) (5) (6) 2008 1 1 2013 5 21 HH 2012 10% HH 2012 H 10% 2013 5 15 1993 045 2011 1 4 H HH 129

1993 045 2011 348 HH 201210% H10%10% < > 2009 124 2013 5 15 H H H 130

(2013) 60468101_B01 2012 12 312012 (1) (2) 2012 12 312012 2013 3 14 131

2011 12 31 1 383,223 242,009 2 711 2,438 3 65,426 8,447 4 27,755 29,880 5 972 818 6 190,788 37,312 7 28,668 22,735 8 18,756 12,089 9 8,979 170,727 10 6,109 4,369 11 9,341 7,892 12 18,558 14,105 13 709,402 611,731 409 302 1,119 106 14 212,110 152,943 15 295,976 306,691 16 566,009 480,005 17 136,000 31,826 18 15,895 14,623 19 11,769 9,203 20 10,958 9,966 21 15,049 9,206 22 15,673 14,423 23 25,568 24,251 24 10,680 13,383 25 22,122 16,492 46 36,241 37,452 2,844,266 2,285,424 132

2011 12 31 27 3,566 2,994 16,168 1,131 28 351,579 154,157 29 39,268 26,279 1,722 5 952 732 30 154,977 99,734 31 979,325 827,819 32 7,611 8,230 33 3,615 70,639 4,331 3,210 34 11,179 7,320 2,701 2,706 35 6,475 4,689 36 9,567 7,649 37 5,816 7,267 38 11,497 9,645 39 17,935 13,256 40 21,681 17,979 41 267,095 224,200 42 613,926 529,563 43 9,734 11,134 44 38,793 26,633 24 5,599 4,612 45 13,264 15,052 46 36,241 37,452 2,634,617 2,114,082 133

2011 12 31 47 7,916 7,916 48 84,121 72,226 49 6,982 6,982 50 395 395 51 60,103 43,219 100 129 159,617 130,867 52 50,032 40,475 209,649 171,342 2,844,266 2,285,424 134

2012 2012 2011 53 233,940 207,802 69 175 (12,851) (10,970) 54 (7,945) (10,170) 213,144 186,662 55 74,852 39,314 55 (40,351) (20,432) 55 34,501 18,882 56 10,891 8,614 56 (1,455) (1,050) 56 9,436 7,564 57 32,996 32,572 58 105 (320) 255 (434) 59 8,935 3,989 299,372 248,915 (5,341) (4,407) 60 (80,512) (58,230) 5,858 3,960 61 (72,810) (76,450) 62 881 438 (5,769) (5,000) (8) (20) (20,429) (17,747) 63 (10,181) (7,424) 64 (57,912) (43,142) 4,529 3,656 (1,758) (1,254) 64 (13,528) (9,063) 65 (10,017) (4,319) (266,997) (219,002) 135

2012 2012 2011 32,375 29,913 66 326 363 67 (363) (250) 32,338 30,026 68 (5,588) (7,444) 26,750 22,582 20,050 19,475 6,700 3,107 26,750 22,582 69 2.53 2.50 69 2.53 2.50 70 12,073 (12,264) 38,823 10,318 32,389 6,976 6,434 3,342 38,823 10,318 136

2012 2012 7,916 72,226 6,982 395 43,219 129 40,475 171,342 20,050 6,700 26,750 70 12,368 (29) (266) 12,073 12,368 20,050 (29) 6,434 38,823 1. (3,166) (3,166) (512) (512) 4,312 4,312 (1,006) (1,006) (601) (105) (706) 128 434 562 7,916 84,121 6,982 395 60,103 100 50,032 209,649 2011 7,644 68,969 6,689 395 28,282 51 4,853 116,883 19,475 3,107 22,582 70 (12,577) 78 235 (12,264) (12,577) 19,475 78 3,342 10,318 1. 293 (293) 2. (4,245) (4,245) (366) (366) 272 15,862 16,134 32,440 32,440 (28) 206 178 7,916 72,226 6,982 395 43,219 129 40,475 171,342 137

2012 2012 2011 231,045 204,147 348,928 45,390 15,281 33,803 36,029 71,046 36,756 17,231 44,305 9,603 5,474 58,042 162,225 71(4) 7,769 2,437 879,700 449,811 (75,810) (54,234) (2,481) (3,448) (2,810) (1,772) (100,969) (40,483) (57,745) (35,181) (60,137) (35,764) (25,147) (17,975) (20,586) (14,448) (27,043) (119,004) (67,509) (142,562) 71(5) (39,562) (28,596) (598,803) (374,463) 71(1) 280,897 75,348 983,600 555,522 47,893 32,445 162 178 71(3) 81,238 1,211 254 4,275 2,260 1,037,141 671,897 138

2012 2011 (1,213,053) (692,939) (8,362) (5,393) (4,453) (5,674) (2,575) (2,538) (1,230,981) (704,006) (193,840) (32,109) 551 16,353 551 219 4,051 3,347 11,998 5,991 45,555 62,155 25,691 (4,734) (2,836) (7,900) (7,614) (512) (366) (28,580) (12,634) (39,030) 49,521 (13,339) (173) (357) 71(2) 136,405 29,543 110,481 80,938 71(6) 246,886 110,481 139

2011 12 31 1 8,858 453 2 6,985 13,307 3 1,780 95 68 2 4 1,000 4 5 1,880 3,248 100 100 6 111,045 110,808 33 53 17 1,011 1 128 65 132,915 128,126 7 1,200 200 8 483 412 9 2 6 9 9 10 4,230 5,230 96 103 6,220 5,760 7,916 7,916 83,715 83,575 6,982 6,982 395 395 27,687 23,498 126,695 122,366 132,915 128,126 140

2012 2012 2011 11 7,921 23,617 5 (5) (248) 199 189 8,115 23,563 (11) (12) 12 (433) (401) (290) (278) 13 (1) (39) (735) (730) 7,380 22,833 2 (25) (2) 7,357 22,831 14 (2) 7,355 22,831 15 140 (259) 7,495 22,572 141

2012 2012 7,916 83,575 6,982 395 23,498 122,366 7,355 7,355 15 140 140 140 7,355 7,495 1. (3,166) (3,166) 7,916 83,715 6,982 395 27,687 126,695 2011 7,644 67,972 6,689 395 5,205 87,905 22,831 22,831 15 (259) (259) (259) 22,831 22,572 1. 293 (293) 2. (4,245) (4,245) 272 15,862 16,134 7,916 83,575 6,982 395 23,498 122,366 142

2012 2012 2011 201 189 201 189 (152) (119) (18) (26) (293) (204) (463) (349) 16 (1) (262) (160) 17,337 22,429 6,768 6,857 32 1 24,137 29,287 (9,282) (41,783) (7) (42) (9,289) (41,825) 14,848 (12,538) 16,134 200 1,400 1,600 16,134 (1,200) (3,461) (4,532) (4,661) (4,532) (3,061) 11,602 (5) (248) 16 (2) 11,520 (1,344) 453 1,797 11,973 453 143

1988 3 21HA 15 16 17 18 1992 19941997 2002 2003 1 24 H 1,2622004 6 24 A 1,1502007 3 1 2010 5 6 Newbridge Asia AIV III, L.P.H 299 2011 6 17 駿 H 272 7,916 2013 3 14 2006 2 38 2012 12 312012 144

1. 1 1 12 31 2. 3. 145

4. 2 5. 7 12 146

5. 18 8 6. 7. 147

8. (1) (2) (a)(b) 148

8. (1) (2) (3) (4) 149

8. (1) (2) (3) (4) 22 25 150

8. 50% 12 151

8. 2 152

9. 8 10. 11. 12. 20 40 1% 10% 2.25% 3.3% 50 2.00% 18 13. 153

13. 20 40 1% 10% 2.25% 3.3% 3 15 0 10% 6% 33.3% 5 10 1% 10% 9% 19.8% 18 14. 18 15. 20 20 30 40 50 20 40 3 5 2 28 154

15. 18 16. 17. 18. 155

18. 19. [2008]2 0.8% 0.08% 0.05% 0.15%0.05% 0.8%0.15% 0.8% 0.08% 0.05% 1% 6% 156

20. 23 24 25 24 25 21. 157

21. Bornhuetter-Ferguson 158

21. 22. 23. 24. 159

25. 26. 160

27. 28. 8 29. 30. 161

30. (1) (2) 31. 32. 162

33. 1 34. 35. 163

35. 36. 37. 38. 39. 40. (1) (2) (3) 164

41. 2012 12 31 2012 12 31 542012 54 42. (1) (2) 5% 100% 1% 50% 165

42. (3) (4) 8 (5) 2012 12 31 3.16% 5.43% 2011 12 312.70% 5.38% 2012 12 314.75% 5.5% 2011 12 315.0% 5.5% (2000-2003) 166

42. (5) 85% 3% 6% 2.5% 5.5% (6) (7) 167

42. (8) 2009 1 12[2009]15 2012 12 315,410 2011 12 31 5,672 5% [1994]2 17% 30% 60% 2008 1 1200825% 25%20082009 20102011201218% 20% 22% 24% 25% 2012 25% 201216.5% 168

1. 2012 12 31 1 1 71093073-9 99.51% 99.51% 33,800,000,000 33,800,000,000 71093072-0 99.51% 99.51% 17,000,000,000 17,000,000,000 2 19218537-9 52.38% 52.38% 5,123,350,416 5,123,350,416 10002000-9 99.88% 99.88% 6,988,000,000 6,988,000,000 100323453 86.66% 86.77% 3,000,000,000 3,000,000,000 77021249-9 99.90% 100.00% 3,360,000,000 3,360,000,000 71093344-6 99.98% 100.00% 500,000,000 500,000,000 71093349-7 79.98% 80.00% 625,000,000 625,000,000 100.00% 100.00% 4,000,000,000 935,000,000 100.00% 100.00% 490,000,000 490,000,000 10002318-8 89.47% 100.00% 120,000,000 120,000,000 19221023-9 99.88% 100.00% 4,000,000,000 4,000,000,000 19230555-3 99.88% 100.00% 1,000,000,000 1,000,000,000 77270613-4 99.88% 100.00% 1,800,000,000 1,800,000,000 77985608-X 99.88% 100.00% 100,000,000 100,000,000 100.00% 100.00% 80,000,000 65,000,000 79028553-X 79.90% 80.00% 38,500,000 38,500,000 78735955-0 79.90% 80.00% 500,000 500,000 169

1. 1 1 3 77076569-1 99.88% 100.00% 139,419,002 139,419,002 3 73207232-5 98.52% 99.00% 170,000,000 170,000,000 100.00% 100.00% 50,000 2 100.00% 100.00% 50,000 1 100.00% 100.00% 10,000 10 73190971-X 59.71% 60.00% 750,000,000 750,000,000 70101033-2 59.71% 60.00% 504,000,000 504,000,000 3 67299862-7 99.88% 100.00% 430,000,000 355,000,000 68037400-5 99.88% 100.00% 300,000,000 300,000,000 71093529-X 66.92% 67.00% 50,000,000 50,000,000 68039626-3 86.66% 100.00% 600,000,000 600,000,000 67297503-8 100.00% 100.00% 30,000,000 30,000,000 IT 67297264-6 100.00% 100.00% 30,000,000 30,000,000 3 67483282-3 99.88% 100.00% 25,000,000 25,000,000 86.66% 100.00% 200,000,000 200,000,000 73666809-7 99.88% 100.00% 1,000,000 1,000,000 55143091-2 99.88% 100.00% 3,000,000 3,000,000 56276768-4 99.88% 100.00% 280,000,000 280,000,000 170

1. 1 1 56025748-8 99.88% 100.00% 2,000,000 2,000,000 56449142-3 99.88% 100.00% 1,000,000 1,000,000 55163089-3 99.88% 100.00% 5,000,000 5,000,000 71788478-X 60.63% 60.70% 300,000,000 300,000,000 56948716-7 99.88% 100.00% 100,000 100,000 3 57000109-9 99.88% 100.00% 7,000,000 7,000,000 57078244-6 100.00% 100.00% 50,000,000 50,000,000 57769011-4 99.51% 100.00% 100,000,000 100,000,000 57492038-3 99.88% 100.00% 500,000 500,000 57727396-X 99.88% 100.00% 130,000,000 130,000,000 57512398-4 99.88% 100.00% 20,000,000 20,000,000 4 57586755-3 99.88% 100.00% 2,826,000,000 2,826,000,000 86.66% 100.00% 10,000,000 10,000,000 3 57725799-4 74.91% 75.00% 200,000,000 70,000,000 57980036-4 64.92% 65.00% 200,000,000 200,000,000 58168259-8 99.88% 99.99% 500,000,000 150,000,000 58268618-7 99.88% 100.00% 10,000,000 10,000,000 58665189-7 99.88% 100.00% 6,000,000 6,000,000 171

1. 1 1 58665193-4 99.88% 100.00% 2,000,000 2,000,000 58792466-6 99.88% 100.00% 500,000 500,000 58145393-9 99.88% 100.00% 1,000,000 1,000,000 3 58343614-7 74.91% 75.00% 400,000,000 230,000,000 5 133162572 99.88% 98.88% 268,261,000 268,261,000 5 607334939 27.48% 27.59% 448,360,000 448,360,000 5 746506032 99.88% 100.00% 50,000,000 50,000,000 5 730084664 56.81% 75.00% 240,000,000 240,000,000 5 631868017 99.88% 100.00% 60,000,000 60,000,000 5 133140955 27.48% 100.00% 220,000,000 220,000,000 5 729396230 27.48% 100.00% 200,160,000 200,160,000 5 133170927 27.48% 100.00% 65,000,000 65,000,000 5 630565137 27.48% 100.00% 38,190,000 38,190,000 5 744239321 27.48% 100.00% 64,000,000 64,000,000 5 666029221 27.48% 100.00% 80,000,000 80,000,000 5 674578597 25.53% 92.91% 49,200,000 49,200,000 5 79510009-8 99.51% 100.00% 256,323,143 256,323,143 6 59073949-6 86.66% 100.00% 20,000,000 20,000,000 172

1. 1 1 6 58979575-7 100.00% 100.00% 100,000,000 100,000,000 6 59290711-5 74.91% 100.00% 30,000,000 30,000,000 6 05150274-8 99.88% 100.00% 50,000,000 50,000,000 6 05513335-3 74.91% 100.00% 10,000,000 10,000,000 6 58988071-6 99.88% 100.00% 1,000,000 1,000,000 6 58988072-4 99.88% 100.00% 1,000,000 1,000,000 6 59467406-0 99.51% 100.00% 840,000,000 485,000,000 6 59306984-6 99.88% 100.00% 500,000,000 100,000,000 6 59663335-0 99.51% 100.00% 700,000,000 700,000,000 6 59722162-2 99.88% 100.00% 10,000,000 10,000,000 6 05786068-5 86.66% 100.00% 300,000,000 300,000,000 6 05133543-3 99.88% 100.00% 10,000,000 10,000,000 6 05133959-X 99.88% 100.00% 10,000,000 10,000,000 6 86.66% 100.00% 10,000,000 10,000,000 6 05367169-2 99.88% 100.00% 20,000,000 20,000,000 6 05367172-1 99.88% 100.00% 20,000,000 20,000,000 6 05457236-2 100.00% 100.00% 315,000,000 315,000,000 6 05929681-1 99.51% 100.00% 1,160,000,000 1,160,000,000 173

1. 1 1 6 06029026-5 100.00% 100.00% 500,000,000 500,000,000 6 05736815-6 99.88% 100.00% 10,000,000 10,000,000 6 05737057-1 99.88% 100.00% 10,000,000 10,000,000 6 05657308-6 99.88% 100.00% 15,000,000 15,000,000 6 05680852-7 99.88% 100.00% 5,500,000 5,500,000 6 05786323-7 86.66% 100.00% 50,000,000 6 05899348-x 60.63% 100.00% 20,000,000 20,000,000 6 06027159-0 74.91% 100.00% 10,000,000 10,000,000 1 2 2012 6 2012 6 12 2012 7 27 3 4 5 6 7 2012 174

2. 2012 12 31 99.51% 2,345,699,500 99.51% 637,666,838 99.88% 800,000,000 99.88% 970,000,000 99.88% 116,000,000 3 99.88% 834,500,000 99.88% 19,116,300 99.88% 5,737,900 99.88% 1,000,000 99.88% 1,092,360,000 99.88% 613,879,739 99.88% 327,880,000 99.88% 114,092,800 13 99.88% 155,000,000 99.88% 91,931,450 99.88% 500,000,000 99.88% 500,000,000 175

2. 99.88% 155,000,000 99.88% 105,000,000 99.88% 85,000,000 1 99.88% 132,049,574 2 99.88% 109,563,122 3 99.88% 94,270,815 4 99.88% 96,676,441 5 99.88% 109,341,343 99.88% 266,000,000 99.88% 160,000,000 99.88% 137,800,000 176

3. 3.1 2011 11 15 5,109100% 2012 2 16 1,079 1,079 391 391 543 471 310 42 1,394 552 4,558 319 790 603 (339) (339) (351) (351) (983) (563) (563) 6,829 2,204 (4,222) 2,607 2,502 5,109 177