1 2 3 4 10 10 5 6 7 8
2005 8 31 320001 1.0573 2.44% 9.38% 1.1073 2005 9 30 320001 1.0232-1.38% 7.87% 1.0932 0.02 2005 9 30 1.1500 1.1000 1.0500 1.0000 0.9500 0.9000 0.8500 0.8000 0.7500 0.7000 2004 6 30 2004 7 30 2004 8 30 2004 9 30 2004 10 30 2004 11 30 2004 12 30 2005 1 30 2005 2 28 2005 3 30 2005 4 30 2005 5 30 2005 6 30 2005 7 30 2005 8 30 2005 9 30 / 65% 300 35% 1 2005 9 30 7 2.0410% 0.3416 2005 9 30
7 04.12.06 05.09.30 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 2004-12-6 2004-12-20 2005-1-6 2005-1-24 2005-2-22 2005-3-14 2005-4-1 2005-4-17 2005-5-1 2005-5-15 2005-5-29 2005-6-12 2005-06-26 2005-07-10 2005-07-24 2005-8-7 2005-8-21 2005-9-4 2005-9-18 320002 12 16 1 0755 83025695 http://www.jyzq.cn 36 0898-66783047 A 17 0755-83777707 1001 4 0755-82077639 1760 021-54257580 1486 3 021-68736111 1760 021-65437222 395 024-22942080 29-4 010-67656001 6 010-62200539
1 0991-5836096 676 022-28527777 2 E 027-87848265 90 028-82872388 426 0571-85056096 151 511-513 0512-65230158 0898-38283929 2 0755-83026888 http://www.lionfund.com.cn 2005 8 18 1 2 3 1 2 3
2005 8 24 " " 2005 8 31 31,197,302.92 2005 8 31 10 0.20 1 2005 9 7 2 2005 9 8 3
2005 9 7 42005 9 9 1 2005 9 8 2 2005 9 7 2005 9 9 3 1 [2002] 128 2 3 1 2 2005 9 7 2005 9 7 3 4 2005 9 7 1 20755-83026888 010-66419318 3 http://www.lionfund.com.cn 2005 9 5
2005-08-01 2 7 21 1 8.11 2 : 2 4 12 7 2005-09-15 10 0.20 5 10 0.70 2003 11% 2004 5 21 1558.33 2005 8 31 1162.80 25.38% 8 31 1.0573 1.1073 11.00% 9.38%
- 2005 1.5 8.49% 12.94% 661 65 2004 2005 10 8 9 10 8 9 0.62% 9 9 110
2 10 100 100 2 2000 5% 13% 3 2005 10 1 2005 8 2004 2005 2005 8 GDP 9.5% 9.5% -- PPI 109.4 105.6 105.3 CPI 103.9 102.3 1-8
102.1 6099 7110 --- M2 14.6% 15.7% 17.3% RMB 2.26 14500 1897 FAI 25.8% 25.4% 28.5% 25BP 3.75% 2 10 0.6% 5 0.5% 1.2% 3 1.16% 3 1 8.5% 2005 2006 1997 2004 8 1997 2005 8 30%
13-14% 12% 10 1997 40% CPI CPI 80% 13 2 6 IPO 5
50% 75% 2004 80 90% 2004 50% 1998 2001
10% 8000 2004 1998 2002 2004 1999 2004 80%
2002 2003 2004 5 2005 2002 2004 2005 2005 30% 2004 6875 41% 3168 46% 70% 2001
1/3 30% 2002 2002 2004 200 400 2004 105 2005 130 1/3 1/3 1/3 2005 2006 2002 2002 2003 2004 2005F 2006F 9.7 13 14.6 15 16 3.8 8 13.4 18 24 13.5 21 28 33 40 2002 2004 85% 2005 30%
2004 8300 2005 1.6 1 2005 40% 2003 2003 2004 2005F 2006F 20.8% 13.7% 14% 14% 31% 27.5% 27% 27% 25% 20% 21% 22% 2005 2004 1 2005 2006 ROE 2005EPS 2005P/E 2005P/B 13% 1% 0.01 1.12 B 18% 8% 0.13 14 1.13 18% 3% 0.12 32 0.95 11% 6% 0.13 21 1.32 18% 20% 0.20 20 3.77 21% 15% 0.52 10 1.66 2005 9 21 6 P/E P/B P/S Goodyear 10.54 0.14
Cooper 17.12 1.02 0.47 TBC 14.24 2.39 0.40 Bandag 13.75 1.53 0.93 2005 9 20 10 15 1 2 0.50 10 1.66 0.42 20% 2004 3.36% 11.30% 2005 320003 60-95% 0-35%, 5% 80%* A600 +20%* M<50 1.0% 50 M<500 0.8% 500 M<1000 0.5% M 1000 1000 / M<50 1.5% 50 M<500 1.2% 500 M<1000 0.6% M 1000 1000 / N<2 0.5% 2 N<3 0.25%
N 3 0 1 2004 5 21 0.70 /10 1558 2005 9 9 1189 24% 1.1208 12.42% 2005 6 MorningStar 2005 9 9 15.38% 49 http://cn.morningstar.com 1.1500 1.1250 1.1000 1.0750 1.0500 1.0250 1.0000 0.9750 0.9500 0.9250 0.9000 0.8750 0.8500 0.8250 0.8000 0.7750 0.7500 0.7250 0.7000 04-5-24 04-6-8 04-6-23 04-7-8 04-7-23 04-8-9 04-8-24 04-9-8 04-9-23 04-10-15 2004.05.24 2005.09.09 04-11-1 04-11-16 04-12-1 04-12-16 04-12-31 05-1-18 05-2-2 05-2-28 05-3-15 05-3-30 05-4-14 05-4-29 05-5-23 05-6-7 05-6-22 05-7-7 05-7-22 05-8-8 05-8-23 05-9-7 2 Value 2005 9 http://w ww.valuegood.com 2001 4 2003 10 2003 10 04 20 5 2005 1 2005 1
1 95% 2 3 1558 24% 1300 Q & A Q A 1 2 3 0.5% 0.51% 2005 9 24 0.5% 1 0.51%
0.51% 2 3 1 0.5%
2005-10-14